Sunday, May 21, 2023

Cardano Daily Discussion - May 22, 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).

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⚠️ 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):

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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!

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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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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


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Weekly Wrap: Sergey Nazarov, Chainlink Co-Founder, Talks About Cryptographic Guarantees In Web3 - May 15 - May 21

Chainlink News and Announcements

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Jacquelyn Melinek, Senior Crypto Reporter at TechCrunch, interviewed Sergey Nazarov, Co-Founder of Chainlink, a protocol that provides an oracle network to power smart contracts. Listen to the full episode here.

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Chainlink Automation will help developers with hyper-reliable smart contract automation. Developers can now trigger key functions and DevOps tasks using Automation, enabling them to scale their dApps seamlessly.

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Chainlink VRF is Live on Arbitrum One. Arbitrum devs can now access provably fair, tamper-proof randomness on-chain.

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Explore how Coinbase Cloud's multi-region infrastructure & experience running high-performance validators can help grow the multi-chain ecosystem.

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In return, the project will make 5% of its native token supply available to Chainlink service providers, including stakers:

Whitehole Finance expands the utility of both NFTs and crypto tokens on a single platform.

With an intuitive UI/UX, users can lend assets to receive rewards or borrow assets for use across the Web3 ecosystem.

As part of BUILD, Whitehole Finance is using Chainlink Price Feeds to help secure its platform and plans to integrate Chainlink Automation to help trigger key functions.

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DeSpread, a Web3 consulting firm, has entered into a partnership with Chainlink Labs. Discover how DeSpread helps support the growth of Chainlink services and BUILD projects across South Korea.

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SmartCon 2023 provides deep insight into the entire Web3 stack.

Whether you're a builder, a founder, a developer, or a crypto enthusiast, the flagship Barcelona conference is your chance to get ahead.

Preferred tickets are now available. Register today!

Integrations

Steadefi has integrated Chainlink Price Feeds on Arbitrum and Avax to help secure its lending and strategy vaults with high-quality price data. Explore how Price Feeds help support liquidity management strategies.

Chainlink Price Feeds underpin the Web3 economy with hyper-reliable, accurate, and decentralized market data.

VRF Integrations

EarnAlliance has integrated Chainlink VRF to help power a fair Genesis NFT mint for Last Remains, a zombie-themed game where stealth meets battle royale. Discover how VRF helps provide unparalleled transparency for players.

PoR Integrations

Swell has integrated Chainlink Proof of Reserve (PoR) on Ethereum to help monitor staked ETH reserves for swETH, the project's liquid staking token. Discover how PoR helps provide increased transparency for DeFi users.

Automation Integrations

BDG Labs has integrated Chainlink Automation into Aave to help automatically move Aave Governance V2 and Aave Cross-Chain-Governance through the proposal stages. Discover why Automation is needed for seamless, decentralized governance processes.

What's New for Developers 🛠

Fantom Foundation has launched Fantom Academy, an educational series for smart contract developers. Check out the first tutorial on how to build a gumball machine smart contract that uses Chainlink VRF's verifiable randomness to dispense ERC-721 gumball NFTs.

Featured Videos & Educational Pieces 🎥

The prominent web3 infrastructure provider Coinbase Cloud announced that it would join the growing list of global enterprises, including Deutsche Telekom, Swisscom, the Associated Press, and AccuWeather, that are boosting the security and scale of the Chainlink Network as Chainlink node operators.

Chainlink Functions allows Web3 devs to safely connect to any Web2 API, including social media signals, AI computation, messaging services, and more.

Ordinal NFTs have ignited fresh interest in Bitcoin as the community explores the network's potential for storing immutable data. One experiment aims to create fungible tokens natively on Bitcoin via a standard called BRC-20. Read more about BRC-20 tokens here.

The possibility of truly decentralized games has captured the imagination of a niche but growing community. Learn what on-chain gaming is, its unique benefits and challenges, and examples of on-chain games.

"Trust-minimization" is a term that encapsulates the core technological capabilities and community ethos that distinguish Web3 from the centralized systems that have historically underpinned society. Explore what trust-minimization really means in Web3 and how trust-minimized applications are becoming the new standard.

DeFi exploits resulting from market manipulation and oracle attacks are often conflated. Market manipulation = changing the price of an asset. Oracle attack = reporting invalid data. Understand the differences and how to bolster the security of your dApp.

In this third post in the DECO Series, the Chainlink Labs Research team discusses how to efficiently and reliably parse the TLS response and form claims about it while preserving the privacy of sensitive data within the response.

Tokenization can reduce a bank's error queues by 80%, cut repo costs by 10%, and facilitate T+0 settlement, not to mention actively unlocking liquidity sitting on a bank's balance sheet. In the past few years, financial institutions have transitioned from simply acting as digital asset custodians for clients to using Web3 infrastructure to underpin financial transactions. This trend is only set to accelerate, given the performance benefits and cost savings.

You can now access all positional markets on crypto asset prices with Chainlink Price Feeds in just a few easy steps. Let's drive in!

With frequent cloud provider outages, the risks associated with using centralized and distributed automation solutions are becoming more significant.

Ecosystem & Community Celebrations 👏

Upcoming Events 📅

Are you interested in hosting your own meetup? Apply to become a Chainlink Community Advocate today: https://events.chain.link/advocate

Chainlink's Community Grant Program empowers our ecosystem to create valuable resources that help accelerate the adoption of Chainlink-powered smart contracts. Apply for a grant today.

Are there other community content and celebrations that we missed? Please post them in the comments below! ⤵️


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EU - PC - DEERISLE - Keycards - Airdrops - PVE/PVPzones - KOTH - Advanced Mods - And more! - 40slots

|UKTF| - We are a chilled friendly community just wanting to have fun, come and have a blast and make some new friends or just come have a solo experience. If you fancy PVP or like to play it safe in PVE, we offer it all here. As admins, we are active throughout most of the day on the server and/or discord, We’re always happy to help, we never shy away in a corner never to be seen, always approachable. Here at UKTF we have an awesome community that is growing every day that we would love you to become a part of. Here’s a few main mods/things that we currently run on the server.

currently we have a medium pop server and were looking to make it high/full! come join in the fun !

FRESH WIPE 11/05

• Gambling Den – win various prizes. with in game rubles

• Bitcoin Mining Official

• Keycard rooms

• Advanced Groups

• Advanced Parking

• Sleeping bags with spawn select

• KOTH

• SNAFU Weapons

•Airdrops

• Collectable Items

• MMG Base Storage

• Red Falcon Heli’s and Watercraft

• Rentable starter bases

•PVP is locked to 1st person when entering the area. No sneaky peaky around the corner in 3rd person. PVE is both 1st and 3rd person.

•No Raiding

•Custom Traders and areas around the map.

•We host weekly PVP and PVE events.

•Find us here https://discord.gg/UKTF

51.89.235.89:240


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@binance: As part of our #BinancePizza events, join us tomorrow on Binance Live to celebrate #Bitcoin Pizza Day!@cz_binance will be discussing both the history and future of #Bitcoin and there will be a prize pool of $3,000 $USDT up for grabs.Set a reminder here 👇

https://twitter.com/binance/status/1660225479041859586
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1 BTC GIVEAWAY BY MASSIVE GAMING CLUB

Massive Gaming Club has done it. It can't get any better than this. My first impression of their PNE system is very mid-range, as all other games that I joined and had this system only had a low payout and a few events that were all intros and were never active again, but the Massive Gaming Club has exceeded my expectations with this new event that features a reward of 1 bitcoin. I have participated in this, and this must be their biggest event since implementing the PNE System. This event is a must-attend. I will share this here for everyone's reference.

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1 BITCOIN Giveaway

Massive Gaming Club Twitter Page


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@binance: As part of our #BinancePizza events, join us tomorrow on #Binance Live to celebrate #Bitcoin Pizza Day!@cz_binance will be discussing the both the history and future of Bitcoin and there will be a prize pool of 3,000 $USDT up for grabs.Set a reminder here 👇

https://twitter.com/binance/status/1660223918437814274
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The Birth Of The Hardware Wallet Wars?

Ledger, a prominent player in the hardware wallet space, has recently been embroiled in controversy following the announcement of their Recovery feature. A point of contention for many in the crypto community, the feature has stirred a fresh wave of debate about trust, security, and corporate integrity in the realm of digital currency.

The CEO of Ledger, Pascal Gauthier, simply responded to critics by saying, “If you don't want the service, don't sign up for it. If in doubt, do not approve & reject the transaction.” This response, while seemingly pragmatic, belies a deeper question - should the Recovery feature have ever been introduced? Many argue that its existence compromises the core principles that govern the crypto space.

One could argue the feature is designed for newcomers; however, it introduces numerous risks. Foremost among these is the inherent trust required in Ledger. The company has to assure users that it won't create backdoors on its platform. Unfortunately, without the ability to verify this claim, users are left to wrestle with their doubts.

Moreover, Eric Larchevêque, the ex-CEO, added to these concerns by stating that Ledger, along with partner companies Coincover and EscrowTech, could be legally forced to provide a user's secret phrase if subpoenaed by a government body. Combined with the requirement for KYC verification when using the Recovery feature, this raises important questions about privacy and security.

Adding to this, Ledger's proprietary security chips, protected by a non-disclosure agreement (NDA), prevent it from being an open-source platform, a desirable quality in the crypto world for its transparency and verifiability. This heightens the mistrust and wariness in the community, which has been stung by past events like the 2022 meltdown of FTX, Celcius, BlockFi, and other crypto entities.

A pivotal phrase in the crypto space is: “TRUST BUT VERIFY.”

This fundamental tenet is being challenged by Ledger's recent actions. Their decision to introduce the Recovery feature has unintentionally sparked a hardware wallet war, with competitors like Trezor, Keystone Wallet, and Lattice1 stepping up to seize the opportunity.

While Ledger has enjoyed a considerable market share, rivaling the Apple-Samsung dynamic in the smartphone world, this controversy may shift the balance. Their unwanted Recovery feature has laid bare the company's vulnerabilities, providing fodder for competitors who will strive to learn from Ledger's perceived mistakes.

However, before we predict the downfall of Ledger, it's important to remember that the Recovery feature is not yet integrated into the Ledger Live platform, and the impact on users who opt out of the feature remains to be seen. Also, despite the controversy, competitors still have to catch up in terms of user experience and aesthetics.

Additionally, Ledger Stax, Ledger's next product in line, shows promising potential with the iPod, iPhone, and Nest godfather, Tony Fadell, at its helm. It's still unclear whether this controversy marks the start of a hardware wallet war or just a temporary hitch for Ledger.

Regardless, Ledger needs to carefully reassess its strategic direction, competitor landscape, and most importantly, the needs and concerns of its core audience. Cryptocurrency was born out of a desire for decentralized and secure financial control. Any action that is perceived to compromise these values, regardless of its actual intent, will inevitably face harsh scrutiny.

Ledger, and indeed all hardware wallet providers, must navigate this delicate balance to maintain consumer trust and achieve lasting success.


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