Tuesday, January 17, 2023

Cardano Daily Discussion - January 18, 2023

Hello everyone,

Welcome to the Cardano Daily Discussion!

The standard sub rules apply here (see sidebar), with the exception that price discussion is allowed in this thread, though we encourage you to try not to make this the focus and talk about the project itself. Please ask questions, help others and be civil - be sure to get involved in Project Catalyst too!

If you're new, please make sure you're read through the newbies guide and share it with others (use the ?newbies comment command to reference it).

⚠️ Scam Warning ⚠️

Please read the Cybersecurity guidelines for Cardano Users.

There are ongoing giveaway scams on youtube and many scammers lurking in Cardano's social channels impersonating ambassadors/moderators/official staff contacting users via direct messages.

For example, searching 'cardano' on youtube and sorting by most recent upload date shows several giveaway scams running (all videos in screenshot are scams):

Ongoing 'giveaway' scams on Youtube

The youtube scams are automated; use stolen footage usually of Charles Hoskinson and are restreamed so to appear to be 'live'; appear to have many watchers (which are bots); use bought hacked channels and are edited to appear like official channels.

Do not be fooled!

To be clear:

  • ⚠️ There is no such thing as a Cardano giveaway
  • ⚠️ Never share your seed phrase with ANYONE
  • ⚠️ Never send ADA to someone promising to send you more ADA back
  • ⚠️ You will never be contacted by ambassadors/moderators/staff

Please report scams on the Cardano Fraud Detection Bureau.

⚠️ Scam Warning ⚠️

https://preview.redd.it/60ofludzpq8a1.png?width=284&format=png&auto=webp&v=enabled&s=7d58fc8aaa2eb5f125624608b97bdd7b943a1111

Midnight Subreddit

In anticipation of Input Output's new data protection blockchain 'Midnight', I've managed to acquire r/Midnight through some negotiation and repurpose it for the Cardano Community (the sub was created for a card game back in 2011 but was mostly unused).

I decided to do this as I thought the project will eventually need a home on reddit and best to setup now before any scammers do. Obviously there's not much to post about on there right now as it's early days as the project is yet to be released, but if you'd like to be kept up to date on the project please feel free to join the new subreddit if the project interests you and I'll be sure to post updates as and when they become available.

Right now the sub is mostly a carbon copy of r/cardano, I've copied most of the automod and rules over, so certain aspects may seem a little incongruent atm, but I'll tailor and tweak the sub as we go. Feel free to send me or post any input if you want stuff to change.

Cheers all


The DGTA tokens held by Digitra users can be traded in for a wide variety of various services if they so choose

The DGTA tokens held by Digitra users can be traded in for a wide variety of various services if they so choose. Because the DGTA is the organization that produces tokens, these digital assets are not categorized as securities by the SEC. Digitra requires DGTA tokens. On the Digitra platform, the DGTA token does not confer any administrative or voting capabilities of any kind. It is possible that the DGTA project and the features of the token that are discussed in this whitepaper will change or perish in the event that unforeseen circumstances take occur. At this time, Digitra is unable to offer sales of DGTA tokens within the United States. Tokens issued by DGTA are inaccessible to anyone who reside in the United States, including employees of corporations and workers of corporations themselves. Tokens issued by DGTA and the services they enable are deemed unlawful in a number of jurisdictions around the world.

#DIGITRA #ICO #CRYPTO #BITCOIN


Wednesday, 18th January 2023

The Daily Spin. Wacky Wednesday Edition. ETH gas fees hit ATH, $32bn in a week largely driven by L2 fees gained from Arbitrum and Optimism. The L2s flipped ETH a while ago now, but is ETH flipping BTC in the cards? BTC Fear n Greed moves to neutral, with options indicating risk-off status and the number of wholecoiners steadily approaching 1m addresses. It's been 377 days of the most brutal bear market that saw over $88bn in realized losses, and while every trader seems to be calling for another retracement — the average HODLer is now out of the red. Whenever the whole market thinks something is going to happen; history shows otherwise. All we need now is for Jim Cramer to tell everyone to sell now, and BTC should be on its way to new ATHs!

In other news, FTX token and other bankruptcy tokens found some massive gains, FTT trading at +65% last I looked. Alameda loses $11m+ in liquidations over the last two weeks. Monex is still interested to buy FTX Japan. Sushi Swap announces its DEX aggregation tool to be launched in Q1. Solflare Wallet introduces priority fees for the Solana network.

EU Ministers make the bold statement that CBDCs must have privacy, and are posturing that digital EU must not be programmable. Scarramuchi says “he felt betrayed” by SBF. And last but not least, North Korea’s Lazarus group (office 31) has been spotted moving 41k of ETH to an unknown account …here is our round-up of curated news and opinions (surely biased) from the world of Blockchain, keeping you informed into the new market with the most trending, in-the-know, and controversial topics. In the name of transparent, dissemination of information to keep you curious, inspired, and clinically sane…

Ongoings at Coinweb

Coinweb Labs is proud to unveil LinkMint ⛓️🍃, our groundbreaking Cross-Chain Tokenisation Platform and DeconX, our integrated native DEX! Live Walkthrough Demonstration for the Community by Toby, Knut, and Alexander.
https://www.youtube.com/watch?v=CSKA3cAB15U

Coinweb presents How Blockchain Technology Will Affect Tourism and Hospitality Industry with Royal Coast Riviera Club, Hua-Hin
https://www.facebook.com/permalink.php?story_fbid=pfbid028ZZTaqC3BKYLeUsKptGMjGbuesuYz55qnP9LubZc52KmhLCBQiHLr84orNft24a7l&id=100079478362053&notif_id=1673577843809478&notif_t=mention&ref=notif

Coinweb to Deliver Cross-Chain Smart Contract Architecture and Blockchain Loyalty Programme to BMW
https://cryptoslate.com/bmw-to-bring-blockchain-loyalty-program-through-coinweb-and-bnb-chain/

Block Tides' exclusive interview with Coinweb at the London Digital Asset Week
https://www.youtube.com/watch?v=jmPk_74nNlw

Toby quoted in “Decoding cryptocurrency market: Can cryptos finally bounce back in 2023 after 2022 devastation”
https://www.ibtimes.co.in/decoding-cryptocurrency-market-can-cryptos-finally-bounce-back-2023-after-2022-devastation-855336

KuCoin Labs launches incubation program to accelerate builders (Coinweb, DoraHacks, Ava Labs)
https://cointelegraph.com/press-releases/kucoin-labs-launches-incubation-program-to-accelerate-builders

“Coinweb’s Cross-chain Routing System and Eliminating Platform Risk” a Thread by Anton on Twitter
https://twitter.com/coinwebofficial/status/1602615630879985664?s=46&t=yj1lrGctwO-5NBlfjKPvUg

Toby Interviewed at the Benzinga Future of Crypto Conference, Dec 7 (New York)
https://www.benzinga.com/markets/cryptocurrency/22/12/30022360/coinweb-is-making-a-splash-as-a-leading-layer-two-platform

“Understanding the Great Crypto Tradeoff” by Toby Gilbert
https://dailyhodl.com/2022/11/16/understanding-the-great-crypto-tradeoff/

“The Time is Now for Blockchain” article on Times of Malta
https://timesofmalta.com/articles/view/time-now-blockchain-a2.994854

Toby’s full presentation at Token2049-London
https://youtu.be/pdtKx3vAs9c

On the Radar

Introducing PleasrHouse, Episode 01; Going LIVE with u/DanielEllsberg u/snowden u/FreedomofPress – Thursday 3pm EST
https://twitter.com/PleasrDAO/status/1612858383681589248

Coinweb’s 1st Event in Collaboration with Offchain Sydney, Jan 18 (Sydney)
https://coinweb.io/events/the-1st-event-of-23-coinweb-x-offchain/
https://offchain.social/events/january-18-2023-sydney/

European Blockchain Convention, Feb 15-17 (Barcelona)
Interop Summit, Feb 27-28 (Denver)
Blockchain Life 2023, Feb 27-28 (Dubai)

Blockchain Africa Conference 2023, Mar 16-17 (Johannesburg)

On the Block(chain)

Ethereum mainnet hits record-breaking 32B weekly gas expenditure
https://cryptoslate.com/ethereum-mainnet-hits-record-breaking-32b-weekly-gas-expenditure/

FTT surges 48%; other bankrupt tokens also rise
https://cryptoslate.com/ftt-surges-48-other-bankrupt-tokens-also-rise/

Bitcoin moves toward neutral sentiment on Fear & Greed index
https://cryptoslate.com/bitcoin-moves-toward-neutral-sentiment-on-fear-greed-index/

Bitcoin: All-time low, 29% in crypto-margin futures open interest, suggests risk-off environment
https://cryptoslate.com/insights/bitcoin-all-time-low-29-in-crypto-margin-futures-open-interest-suggests-risk-off-environment/

Approaching 1M unique addresses holding at least 1 Bitcoin
https://cryptoslate.com/insights/approaching-1m-unique-addresses-holding-at-least-1-bitcoin/

Bitcoin: Supply Last Active in all categories hits all-time high
https://cryptoslate.com/insights/bitcoin-supply-last-active-in-all-categories-hits-all-time-high/

Bitcoin Miners and Average HODLers Are Back in the Black
https://decrypt.co/119342/bitcoin-miners-hodlers-back-in-black

Competitive Landscape

Port3: A look back at 2022 and a peek ahead to 2023
https://cryptoslate.com/press-releases/port3-a-look-back-at-2022-and-a-peek-ahead-to-2023/

SushiSwap to launch DEX aggregator and decentralized incubator in Q1
https://cryptoslate.com/sushiswap-to-launch-dex-aggregator-and-decentralized-incubator-in-q1/

Alameda liquidators lose $11.5M due to liquidations over 2 week
https://cryptoslate.com/alameda-liquidator-lose-11-5m-due-to-liquidations-over-2-weeks/

Decentraland shoots up 73% to pre-FTX collapse level
https://cryptoslate.com/decentraland-shoots-up-73-to-pre-ftx-collapse-level/

Monex Group shows interest in buying FTX Japan
https://cryptoslate.com/monex-group-shows-interest-in-buying-ftx-japan/

Solflare Wallet Brings 'Priority' Gas Fees to Solana
https://decrypt.co/119356/solflare-wallet-solana-gas-fees

World

Digital euro can’t be programmable: Eurogroup
https://cryptoslate.com/digital-euro-cant-be-programmable-eurogroup/

EU Finance Ministers Say Digital Euro Must Offer Privacy
https://decrypt.co/119362/eu-finance-ministers-say-digital-euro-must-offer-privacy

Research: Buoyant price action has Bitcoin options traders eyeing $30,000
https://cryptoslate.com/buoyant-price-action-has-bitcoin-options-traders-eyeing-30000/

Scaramucci Recalls 'Betrayal' by SBF: 'I Considered Him a Friend'
https://decrypt.co/119351/scaramucci-sam-bankman-fried-friendship-davos

Lazarus Group Moves 41,000 Ethereum Nabbed From Harmony Bridge Hack
https://decrypt.co/119315/lazarus-group-moves-41000-ethereum-nabbed-harmony-bridge-hack

Thought Leadership

What Is Counterparty? Historical NFTs Built on Bitcoin
https://decrypt.co/resources/learn-counterparty-historical-nfts-built-bitcoin

Centralized vs Decentralized Metaverses: What's the Difference?
https://decrypt.co/resources/centralized-vs-decentralized-metaverses-whats-the-difference

The ongoing battle against scammers in the web3 – SlateCast #46 (29mins)
https://cryptoslate.com/podcasts/the-ongoing-battle-against-scammers-in-the-web3-slatecast-46/

The Importance of non-custodial solutions & the Nexo Wallet roadmap – SlateCast #47 (31mins)
https://cryptoslate.com/podcasts/the-importance-of-non-custodial-solutions-the-nexo-wallet-roadmap-slatecast-47/

Decentralized hiring process leads to unique perspective on transparency in DeFi industry – SlateCast #48 (24mins)
https://cryptoslate.com/podcasts/decentralized-hiring-process-leads-to-unique-perspective-on-transparency-in-defi-industry-slatecast-48/

https://preview.redd.it/ofeyxu1nfqca1.png?width=815&format=png&auto=webp&v=enabled&s=c4120773883cce41ce0e5477cc37965a62201876


[Double review] The Investigator & Righteous Prey by John Sandford

These are the latest from John Sandford, who's up to about 50 books. He writes what you might call police procedurals... some typical cop-vs-serial-killer stuff, but the bad guys vary quite a bit. The protagonist might find himself investigating a group of embezzlers on a school board, or a murder staged as a hunting accident, or a professional hitwoman.

Sandford's bread and butter are the Prey series, featuring Lucas Davenport. Lucas is smart, well-off from a previous life as a software developer, but continues being some sort of investigator (first with MPD, then the Marshall service) because he likes it. He has a healthy ego, dresses sharp, drives fast, and has a bit of a thuggish streak. He enjoys fighting and will, on occasion, bend rules. He can also be a bit cold, ruthless, maybe even an asshole. Sandford's other major protagonist, Virgil Flowers, is more of a pacifist and a likeable bullshitter, who's smarter than people might think. Picture Matthew McConaughey as the son of a preacher.


The Investigator is the first novel where the star is Lucas' adopted daughter, Letty.

In an earlier book (published 20 years ago), Lucas tracks down a murderous cop who is ruthless enough go after a 12-year-old witness. But the kid is unusually tough and resourceful, forced to grow up early as the dirt-poor daughter of an alcoholic mother. She's independent, observant, and supports herself by earning a few bucks trapping. So she's able to defend herself and escape the bad guy, but her mom isn't so lucky. Lucas, feeling some kind of fundamental connection, makes a decision to adopt her.

So, it's not surprising to find her in a book where she's an investigator, and she's just like dad. She has the same blend of intelligence and relentlessness. I suspect the author has been planning this for a while, because Lucas' two other kids are cardboard cutouts with no meaningful dialogue, while Letty is fleshed out (and in a couple of books, the focal point).

The basic plot: a right-wing militia is going to meet a big caravan of migrants at the southern border, and prevent them from coming into the US by blowing up a bridge... with the migrants still on it. To get money for this operation, they've been stealing oil. Letty is sent to find out where the missing oil is going, and partners with a special forces guy to defeat the militia.

As a protagonist, I find Letty less likeable than her father. Lucas is occasionally hotheaded and passionate about things. Letty is calm and practical to the point of being almost sociopathic, and this is brought up in earlier books. Lucas' confidence is tinged with some reasonable caution (he gets shot in the throat, early in the series), Letty has always acted as if she's invulnerable.

In an earlier novel, Lucas beats the shit out of a pimp for mutilating one of his workers, and the pimp seeks revenge by going after Letty. When she catches on, her solution isn't to go to dad, it's to set up the young prostitute for a beating, hoping to film it and get the pimp convicted. It shows a fundamental difference... Lucas likes confrontation, but is not OK with letting a young woman get hurt just to trap a lowlife. Also, for all his ego, he occasionally forgets his wealth. In another book, when a friend is shot on the other side of the country, he's flustered because he can't get a flight to see them right away. His wife reminds him: "Lucas, for god's sake, you're rich. Just charter a jet."

Letty seems very aware of her wealth, and is described as wearing a gold and emerald bracelet worth as much as 'a Benz or two'. And that touches on another problem: she's a little too perfect, and she knows it.

She's fearless, strong, smart, pretty, and rich. No serious flaws. When she gets into a pissing contest over marksmanship with a Delta Force vet (who's shot at least 50,000 rounds in practice)... she's somehow as good or better. Using (of course) a $4,500 customized handgun. She went to Princeton, made a smart investment, and now has a quarter million bucks in the bank, so you can't even call her a trust-fund kid. She had a good start on a career as an anchorwoman, but she tries being an investigator because, like Lucas, she enjoys it. This reminds me of another super-daughter from the Patricia Cornwell books.

Throughout the book, Letty makes no real missteps, solves the mystery, and never seems to be in real danger.

Some reviews mention another issue - Sandford seems to be getting more political. They see this plot as some statement about immigration, and painting right-wingers as the bad guys. But I don't think the exact issue is that these guys are nationalists, or anti-immigrant. People understand that terrorist extremists are not the same as a typical conservative voter, and they're a pretty common antagonist in books and movies.

I think the issue is that Letty fits their stereotype of a smug liberal. She's rich, ivy-league educated, knows everything, and is cocky to the point of arrogance. She assumes she's better at military stuff than the actual 8-year Delta Force vet, and in this book she sorta is.

I caught this vibe even as someone who aligns with Sandford's politics. It didn't bother me, I just felt like it's part of the larger general problem where Letty has no flaws and is just implausibly confident. She goes from a boring office job, to doing dangerous undercover police work, spying and getting into firefights (all without training). She should be shaken up or struggle a little. Some readers also felt her appointment to this role and her use of authority didn't fly. They gave an inten who majored in economics a carry permit, and sent her to do homeland security work?

One of my big gripes is, despite setting up a clear antagonist for a future book, the leader of the militia didn't feel as interesting as some of the memorable characters from previous books, like James Qatar, Brutus Cohn, or Clara Rinker... characters whose names I can recall years later.

It's an OK Sandford book overall, and I'd still recommend it unless you feel like the political overtones will just drive you nuts.


Which brings me to Righteous Prey.

This might be the first Sandford book that feels like a dud to me. The plot is... well, silly. I'm wondering if this isn't some sort of direct reaction to the criticism people had about the previous book. In that book, the bad guys are right-wing extremists. So in this book, Sandford made the antagonists (sort of) lefty extremists.

The plot: An angry young woman, Vivian Zhao (like Letty, an economics major, but without the money) meets a bitcoin millionaire (or is it billionaire?) who shares her worldview: that 'the assholes' are corrupting the country, fucking up life for the average joe without conscience or remorse. She suggests they form some sort of club and do something about it. Take direct action. The result is five millionaires decide they want to try murdering 'bad guys' for the sheer thrill of it, because when you're rich, you quickly run out of normal experiences to give life zest.

So... they write public manifestos, daring someone to catch them, dropping hints about their next target, and assassinating people like a hedge fund manager and dealer of untraceable gun kits. Vivian helps organize them and egg them on.

The action and the dialogue between Lucas and Virgil are all fine. It reads like a typical Sandford book, for the most part. There's an exciting conclusion that ticks the usual boxes - someone gets shot, but of course it's just a flesh wound. I just find the plot and the goofball characters to be a bit too implausible. A millionaire seduces a guy and murders him in a parking lot so she can get respect from the edgy rich kid club? They risk their freedom and fortune for the thrill of shooting a jerk in the head?

I know people found 'plausibility issues' in the last book, but the plot of the Investigator at least passes a straight-face test. There's precedent for crazies trying to kill minorities. But Bitcoin millionaires banding together to commit actual, face-to-face murders, motivated mostly by boredom?

A more interesting (and believable) story would have been to have Vivian hunt the billionaires down, maybe stealing hard drives with BTC, or blackmail them after getting them to talk about murder online. You see a lot of anti-wealth sentiment online, "eat the rich", etc. So I can buy one nutty person targeting billionaires.

The book has largely positive reviews, but just didn't click for me. I feel like the politics were a bit intrusive, even though they align with my own. Like the wives of the main characters literally face a TV camera and monologue about how guns and assault weapons and illegal mods ruin lives. I 100% get why several fans read that and decided they were just about done with Sandford. Books usually serve as a nice escape from the endless culture war. If Sandford wanted to address a political issue, and doesn't care if it annoys anyone, why not write about the George Floyd protests? In novels where the protagonists are Minnesota cops, it seems almost neglectful to skip over a massive national event that revolves around Minnesota cops.

I miss the books where Lucas chased crazies and bent rules, and had a strong supporting cast like Del, Shrake, Jenkins, and Marcy. I miss when Virgil was getting involved with every woman he met, instead of this boring family man routine. The author was onto something when he partnered Lucas with a couple of marshals who could maybe shake up the formula a little.


If this crypto firm collapses, then a 'massive selling event' in Bitcoin would occur - Scott Melker

https://www.kitco.com/news/2023-01-17/If-this-crypto-firm-collapses-then-a-massive-selling-event-in-Bitcoin-would-occur-Scott-Melker.html