Friday, May 5, 2023

Cardano Daily Discussion - May 06, 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


top 6 coins today

https://i.redd.it/r2hfnf0705ya1.png

MicroStrategy announced its Bitcoin Lightning Platform for companies to give BTC rewards to customers, employees, event attendees or anyone with BTC (x-post from /r/Cryptocurrency)

https://www.reddit.com/r/CryptoCurrency/comments/13920bg/microstrategy_announced_its_bitcoin_lightning/

Giddy's Top 5 Takeaways from Consensus 2023

Giddy was on location at Consensus 2023, one of biggest crypto events of the year.

Here are our five biggest takeaways:

1. Crypto is embracing its role as Finance 2.0. Token market caps may be down, but actual Web3 usage is up. Where many see only the price of Bitcoin, the reality at Consensus reflected crypto's all-time high active addresses, developer activity, and real-world usage.

2. The Fortune 500 want to get into Web3. Major Fortune 500 brands such as Salesforce, Anheuser-Busch, and PepsiCo discussed roadmaps and challenges in embracing the blockchain.

3. But the U.S. regulatory quagmire is still problematic. Even during a friendly panel, two former regulators from the SEC and CFTC couldn't agree on the best way forward for crypto. All signs point to another six weeks of regulatory winter.

4. New changes on the horizon. Senator Lummis (R-WY) spoke toward new legislation that could be the first real foothold for crypto in the U.S.

5. Hope springs eternal. The underlying theme at Consensus was "how" and "when", not "if" for mass adoption of Web3.

Tap the link below for a full read of our major takeaways from Consensus 2023!

https://giddy.co/blog/giddys-top-5-takeaways-from-consensus-2023/

https://preview.redd.it/q5l0ph0hr2ya1.png?width=1600&format=png&auto=webp&v=enabled&s=6f07aa2d35fb24dd30a78c99ce2ad50dbbbeaa3e


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