Monday, April 3, 2023

Cardano Daily Discussion - April 04, 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.

See this post for more examples of what they look like

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


Bitcoin Olympics Hackathon: Boost Innovation on Bitcoin

This event is held to boost innovations on Bitcoin and I feel this is a great opportunity for all Bitcoin enthusiasts, maxis, engineers and developers to cooperate to achieve a Web3 user-owned internet on Bitcoin.

Hope this opportunity could help more people who want to contribute to the Bitcoin economy.

Here are more details:

Over 20 speakers, mentors & judges:

  • Muneeb Ali: CEO of Trust Machines, Founder of Stacks
  • Albert Liang: CEO & Co-founder of BTC Startup Lab
  • Trevor Owens: Managing partner of Bitcoin Frontier Fund, author, investor
  • Tycho Onnasch: Managing Partner of Trust Machines, co-founder of zest protocol, Forbes 30 Under 30
  • Tom Giles: Founder of Megatron Ventures, Co-founder of Awesimo & Stacculents.
  • Emil E.: CTO of zest protocol, BTC defi innovator
  • Ken Liao: CEO of XVerse, BTC, STX, and Ordinals Mobile Wallet
  • Grace Ng: Venture Partner at Stacks Accelerator, founder of crashpunks, artist
  • John Ennis: CEO of NeoSwap, NFT and AI trading & Auctions
  • Jamil Dhanani: CEO of Gamma, Ordinals Movement Leader

10+ Prizes to Boost Innovation

  • Best Technical
  • Best Originality
  • Highest Potential to be a Startup
  • Most Users Onboarded
  • Ordinals
  • Public Voting

Rundown of Online Hackathon:

  • April 5: kickoff, orientation, team formation, rules & prizes
  • April 6: masterclasses on new tech to build BTC products - Bitcoin Defi (speakers&mentors share insights, use cases & tech tools) trends eg. staking
  • April 7: masterclasses on new tech to build BTC products - Ordinals & BTC innovations (speakers/mentors share insights, use cases & tech tools)
  • April 8-12: get to work!
  • April 13 - 14: judges review videos and code
  • April 17: Announce winners + keynote talks from prize sponsors
  • April 20: What's next: Post-Bitcoin Olympics panel discussion
  • Signup: https://btcolympics.devpost.com/

Bitcoin Olympics Hackathon: Boost Innovation on Bitcoin

This event is held to boost innovations on Bitcoin and I feel this is a great opportunity for all Bitcoin enthusiasts, maxis, engineers and developers to cooperate to achieve a Web3 user-owned internet on Bitcoin.

Hope this opportunity could help more people who want to contribute to the Bitcoin economy.

Here are more details:

Over 20 speakers, mentors & judges:

  • Muneeb Ali: CEO of Trust Machines, Founder of Stacks
  • Albert Liang: CEO & Co-founder of BTC Startup Lab
  • Trevor Owens: Managing partner of Bitcoin Frontier Fund, author, investor
  • Tycho Onnasch: Managing Partner of Trust Machines, co-founder of zest protocol, Forbes 30 Under 30
  • Tom Giles: Founder of Megatron Ventures, Co-founder of Awesimo & Stacculents.
  • Emil E.: CTO of zest protocol, BTC defi innovator
  • Ken Liao: CEO of XVerse, BTC, STX, and Ordinals Mobile Wallet
  • Grace Ng: Venture Partner at Stacks Accelerator, founder of crashpunks, artist
  • John Ennis: CEO of NeoSwap, NFT and AI trading & Auctions
  • Jamil Dhanani: CEO of Gamma, Ordinals Movement Leader

10+ Prizes to Boost Innovation

  • Best Technical
  • Best Originality
  • Highest Potential to be a Startup
  • Most Users Onboarded
  • Ordinals
  • Public Voting

Rundown of Online Hackathon:

  • April 5: kickoff, orientation, team formation, rules & prizes
  • April 6: masterclasses on new tech to build BTC products - Bitcoin Defi (speakers&mentors share insights, use cases & tech tools)
  • April 7: masterclasses on new tech to build BTC products - Ordinals & BTC innovations (speakers/mentors share insights, use cases & tech tools)
  • April 8-12: get to work!
  • April 13 - 14: judges review videos and code
  • April 17: Announce winners + keynote talks from prize sponsors
  • April 20: What's next: Post-Bitcoin Olympics panel discussion
  • Signup: https://btcolympics.devpost.com/

US Bitcoin shareholders can dump their shares on the public markets.

Hut will experience more selling pressure going into the 2024/25 Bitcoin bullrun because of the US Bitcoin Merger. The US Bitcoin insiders finally got their liquidity event, (a private company's wet dream) so now the US Bitcoin shareholders can dump their shares on the public markets... basically on the backs of O.G Hut 8 shareholders. If Hut has to raise additional capital through equity in 2024 then it will be harder to establish and maintain any upward momentum.


Earning Money on Bybit: Trading, Referral Program, and Bonuses

Bybit is a popular cryptocurrency derivatives exchange that offers various opportunities for users to earn money. From trading perpetual contracts to benefiting from referral programs, there are several ways to generate income on the platform. In this article, we will discuss how you can earn money on Bybit, including the use of the Bybit referral code VIPGIFT.

Bybit signup: https://partner.bybit.com/b/50FOJT0K14661 (Get upto 30.000$ signup bonus)

Trading Perpetual Contracts

Perpetual contracts are a type of derivative product that allows traders to speculate on the price movements of cryptocurrencies without actually owning the underlying asset. Bybit offers perpetual contracts for major cryptocurrencies such as Bitcoin, Ethereum, and XRP. Traders can earn money by accurately predicting and capitalizing on price fluctuations of these digital assets.

Bybit Referral Program

Bybit's referral program is another way to earn money on the platform. Users can refer new traders to Bybit and receive a commission based on the trading fees generated by the referred users. To get started, users need to share their unique referral link or code with prospective traders.

The Bybit referral code VIPGIFT provides new users with a bonus when they sign up using the code and make a qualifying deposit. As a referrer, you will also receive a commission for each successful referral.

Popular Types of Bybit Bots

There are several types of Bybit bots available, each catering to different trading strategies and preferences. Some popular types include:

  • Arbitrage bots: These bots capitalize on price discrepancies between different exchanges or markets, buying low on one platform and selling high on another. Arbitrage bots can be effective in generating profits from small, temporary price differences.
  • Market making bots: Market making bots aim to profit from the bid-ask spread by placing limit orders on both sides of the order book. These bots help provide liquidity to the market and can benefit from frequent, small gains.
  • Trend-following bots: These bots follow specific trends in the market, such as moving averages or momentum indicators. They aim to capitalize on established market trends by opening and closing positions in the direction of the trend.
  • Mean reversion bots: Mean reversion bots are based on the assumption that prices will eventually revert to their historical averages. These bots identify and capitalize on price deviations from the mean, betting on the eventual return to equilibrium.

Bybit Bonuses and Promotions

Bybit occasionally offers bonuses and promotions for its users. These may include deposit bonuses, trading competitions, and other promotional events. By participating in these promotions and meeting specific criteria, users can earn additional rewards.

For example, new users who sign up with the referral code VIPGIFT can receive a bonus upon making a qualifying deposit. Existing users can also benefit from ongoing promotions by staying informed about the latest offers and actively participating in them.

Staking

Although Bybit's primary focus is on perpetual contracts trading, the platform has introduced staking services for selected cryptocurrencies. Users can stake their digital assets and earn passive income in the form of staking rewards. Staking involves locking up a certain amount of cryptocurrency for a specified period, which helps secure the network and validate transactions. In return, users receive a share of the network's rewards.

Conclusion

Bybit offers multiple avenues for earning money, ranging from trading perpetual contracts to participating in referral programs and promotional events. By leveraging these opportunities and using the Bybit referral code VIPGIFT, users can maximize their earning potential on the platform. It is essential, however, to carefully consider the risks associated with trading and staking cryptocurrencies, and to only invest what you can afford to lose.