Sunday, May 14, 2023

Cardano Daily Discussion - May 15, 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 ⚠️

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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


Cortex Network + Nolcha Shows BTC Edition 2023: An evening of creativity & festive programming at the intersection of digital art & bitcoin. Don't miss this event!!

https://twitter.com/app_cortex/status/1657902293910687745

Navigating BTC and ETH Transaction Fees: Best Practices & Helpful Tools

Hello Ledger fam!

In recent weeks, we've seen a significant surge in transaction fees on both Bitcoin and Ethereum. Although the fees have dipped for the time being, there's always the possibility of future spikes. We've put together this guide to help you maneuver these fees and share some best practices.

We hope these tips come in handy. Got any questions? Feel free to ask them below, or join one of our daily YouTube Live Support sessions at: https://www.youtube.com/@Ledger/streams. You can also check the schedule here: https://support.ledger.com/hc/en-us/articles/6979046441117-Ledger-s-Weekly-Customer-Service-AMA-Onboarding-Schedule?support=true

Onwards and upwards!


"Don't Miss Out on Massive Gaming's Cryptocurrency Event with a Huge Prize Pool - Check Out Their Twitter for More Info!"

An important announcement: there is a fantastic opportunity that you shouldn't miss! Massive Gaming is about to kick off a new event that has a substantial cryptocurrency prize pool. To join the event, you can check out their Twitter page for more information.

https://massivegaming.club/Twitter_Reddit1

Make sure not to miss out on this chance! Keep yourself informed of the latest updates and projects from Massive Gaming and participate in their thrilling events.

https://preview.redd.it/6g4jh4ecbvza1.png?width=490&format=png&auto=webp&v=enabled&s=4872fb00efbeca4a19f70c37a17cea2d702b7d3b


Uncover the mystery of Satoshi Nakamoto in this Gripping Fantasy Novel

Hello 👋

I'm excited to introduce my first novel - "I am Satoshi Nakamoto : The Silk Road Chronicles". It is a fictional tale that draws inspiration from real-life events that led to the creation of Bitcoin and its impact on the world of cryptocurrency.

If you are interested in exploring a new world of fantasy that combines real-life events with an imaginative storyline, I invite you to check my novel and let me know what you think. I'm excited to hear your feedback/review and hope you enjoy the book as much as I enjoyed writing it.

The ebook is free to download on May 13,14,20,21,28.

Link : https://www.amazon.com/dp/B0C2S9TB4R


Bitcoin: The Digital Refuge Amidst Financial Turmoil

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📉 Following a bearish year for Bitcoin and the crypto market, Bitcoin has seen a resurgence amidst a banking collapse, with its price rallying over 70% since the start of the year. 📈 This has led to renewed confidence in Bitcoin’s original thesis as a safer long-term alternative to traditional banking. 🏦 The collapse of major banks like Silvergate, Silicon Valley Bank, Signature Bank, and Credit Suisse has fueled this belief, with many viewing these failures as a catalyst for Bitcoin’s price rise.

Bitcoin was created after the 2008 financial crisis as a decentralized, peer-to-peer financial system, allowing individuals to “be their own bank” and eliminating the need for intermediaries. 🌐 The recent banking failures have highlighted the inherent dangers of centralized finance, turning people’s attention towards decentralized assets like Bitcoin.

However, other macroeconomic factors have also influenced Bitcoin’s price action. Economists attribute the rally to potential pauses in interest rate hikes by the US Federal Reserve and a modest reduction in inflation. 📊 Additionally, a report from Kaiko suggests that Bitcoin’s liquidity reaching a 10-month low during the banking collapse could explain its recent volatility.

In conclusion, while market influences are complex, the banking failures have undoubtedly re-ignited Bitcoin’s narrative as a safer long-term store of value. 🚀 The utility of Bitcoin and a decentralized financial model is gaining traction in the wake of these events. 💡

To dive deeper, check out the complete article: https://droomdroom.com/bitcoin-a-safe-haven-in-the-wake-of-the-banking-collapse/


This week is considered as the Bitcoin Week owing to the Bitcoin Conference - here's a glimpse

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