Monday, May 22, 2023

Cardano Daily Discussion - May 23, 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


Tin Foil Theory on Shills

Alright, we all know the subreddits and social media's outside Reddit are plagued with shills. Over time they are evolving, but their traits are starting to put together a puzzle I think I may have solved part of. This is all tin foil just so you know. TLDR at end.

At the beginning, in early 2021, they used bot accounts. They were failures. Bots simply cannot deliver their narritvive properly and those issues were proving to people that their sheer existence meant Apes were correct. The coding script errors after comments, the profiles and names of the victims from the Vegas shooting, the word-for-word identical text string from 10+ bots, etc... bots were unreliable at best, but they contained one major flaw - liability. Someone has to be programing them, which is a direct and liable action to comit market fraud. One cannot simply say, "It's all the bots opinion, they did it themselves". No. They are directed to do what they did, and the liability risk was too much untop of the bots unreliability, so they moved on to people. The big non-conformance here is Liability

Shortly after, in 2021, they were making offers to just about anyone with a Reddit account to downtalk AMC using their words. We have multiple screen captures of these and they were rampant in 2021. Because a lot of people were innocent and confused, Apes are loyal, and well-versed people did not like the manipulation attempt, these messages got shared and made visible. This once again was a proof of their position and the threat against AMC. They didn't know who they could reach out too and trust with this kind of information, and even if someone agreed, how could they police them? They couldn't! The big non-conformance here is Trust

A small time frame after they stopped getting those with characteristics mentioned above, they targeted and made new accounts to diatract people from AMC. The most apparent ones at this time were Clove and Blackberry. Accounts out of nowhere started fueling up reasons to buy these for a squeeze. Blackberry got crushed and Clove was a pump and dump coordinated by them to detract money away from AMC. I think they quickly learned it was far too much effort for a distraction that can't be measured? How would they know how much money left AMC and if Apes made money on the pump and dumps, they would invest it back into AMC! The effort was not worth the intrinsic return and once the canary in the coalmine was dead, they couldn't do the trick with other stocks. The big non-conformance here is time required to manage shills and coordinate a direction for them. Micromanagement is a nightmare.

Approaching 2022, they started reaching out to accounts with longer histories, broader subredit use and put effort into either buying profiles or simply paying with bitcoin to have people say what they wanted. They seemed to go after profiles with people commenting on posts about their money issues. That's just what I noticed. They then used these accounts to build rapport, posting pictures of Apes and memes and basically being a plant in the community. Staying off the radar so they have the illusion of community. Then, when they needed too, they skilled. This is still common now, I believe, but the main non-conformance with this is 'all-or-none' risk. Once the account is marked as a shill, it's useless. They block people and use the clown emoji as a response, but this is a high risk account tactic because it takes a long time to build rapport and it can all be a waste in seconds. People have an incredibly developed sense of 'who is in our tribe, and who isnt'. The SHF shills are fighting two of the most developed senses we have as humans - pattern recognition and our tribe mates.

Further into 2022, they started simply making new accounts and blasting everything negative on the shotgun approach. If an account that's 5 days old gets burnt, oh well. Go after everyone and cause strife in the community. Guns blazing! The non-conformance with this is that with no rapport, and a new account, the battle hardened Apes know within seconds that people are shilling. This is why they changed their tactic to 'loving AMC, but wanting to leave because_____'. This was most noticeable with company events because they had time to instill fear. That's their main tactic. That's what their play is with the lawsuit, buy time and instill fear. They know endurance is hard for people, but they dont know how tough you millenials and Gen Zs are. All of you tough 'children of tragedy' have experienced is 9/11, dot-com bust, Swine flu fears, 2008 great recession, 2011 recession, housing bubble, university/college bubble, Ebola fears, Healthcare expense bubble, Microcephaly for the pregnant women in 2017, pandemic in 2020, inflation in 2021/22 and the disappearance of so much good in-between... good fucking luck scaring you people! Haha man, I would not want that job! You simply can't be scared of whatever they can use the fake news and shills to say. Anyway, the non-conformance here is that these accounts come and go and can be spotted a mile away, only scaring off the new Apes and inexperienced people who don't have accounts. Note that they are still doing this.

So! They maintain the shotgun shills, but for the evolved shill of 2023! Their big struggle is this:

'How does one find a shill that they can transfer liability too, instill trust in a new person to not report the act of them paying for malicious intent, have that person policed and managed, build rapport with the community, potentially have karma with a broad account to seem 'real', and shill' for payment off record?

I believe the answer is SHF and Market Maker employees' family members.

  • The liability is on their employees - "This staff member acted alone". "We don't condone these actions and that member has been released. The SEC can deal with them accordingly". They say this verbally to their staff and the staff take the risk on their family memebers.

  • The trust is subcontracted to their staff - Blood is thicker than wine and family will not rat you out. "If you say anything, I will get fired or fined or charged". The potential family memebers will keep their mouth shut. Especially if they are getting paid because then they have added liability now!

  • Family memebers would be policed and managed by the staff memebers themselves. So quality remains constant to a degree without the requirement for additional management.

  • Build rapport and have a broad range of their account complete with Karma to appear 'real' - Many people probably had Reddit accounts before, now they simply redirect them. If one gets flagged as a shill, they dont give a fuck? "It's ______'s brother's time, account and effort that was wasted! Not ours!"

  • Payment - that is probably a bonus on the staff memebers cheque that they can pay out to their family memeber. This cuts down on accountant time and adds to the risk of liability being pushed onto their staff.

That's my 2 cents. If anyone is in the Chicago area or knows people who are related to anyone in the SHF or Maker industry, you should ask then if they have been talked to about anything pertaining to this. I am sure at least 1 Ape knows someone who can add fact-based evidence to this theory and slip up. That's the risk with this to them!

Cheers Apes!

TLDR: The new shills are SHF and Maker employees' family memebers because it transfers risk and human resource management to the employees and makes the payment process easy with no liability.


NDAX Market Report, Key Notes & Crypto Overview

MAY 15 - MAY 21

Market Updates

  • The global cryptocurrency market has reached a total market capitalization of CAD $1.51 Trillion.  
  • Bitcoin continues to lead the market with a dominance of 46.4%, followed by Ethereum at 19.4%.

Crypto News

  • Is Ledger’s New Bitcoin Key Recovery Feature Safe? Coindesk
  • Bitcoin cleans up the environment and helps catch criminals: US Senator Cynthia Lummis CoinTelegraph
  • Bitcoin Hovers Below $27K as Fed Chair Powell Makes Modestly Dovish Comments CoinDesk
  • Decreased Bitcoin Activity and Liquidity Point to Imminent Volatility Spike Blockworks
  • The US government is one of the largest Bitcoin whales. What does that mean for the crypto market? The Block

Market Moves

  • Bitcoin is currently the top trading pair on NDAX, followed Ethereum, XRP, Shiba Inu, Dogecoin and Gala.
  • Over the past 7 days, the value of Bitcoin (BTC) has decreased by 2.38% and is currently being traded at $35,997. Ethereum (ETH) is down 1.44% during the same period and is now being traded at $2,431.

Upcoming Events

  • May 26 – CME Futures Expiry

22 May Copiosa Weekly Update : 👀 Sneak Peak of What's Coming!

Today we celebrate another Bitcoin Pizza Day 🍕 as a global crypto community!

It's great to see how far the industry has come since its early days. A lot of progress has been made towards mass adoption and the crypto space hardly resembles what it was in the beginning. However, somethings stay true to crypto traders worldwide; users are looking for a simple and seamless experience that is accessible to newcomers and veterans alike.

We work hard everyday to make this a reality. Crypto Made Easy is a continuous process and is threaded into our vision.

Let's take a look at a brief summary of our progress throughout last week:

Development

  • Update on direct Wallet Connect for iOS: Our team has already implemented WalletConnect V2 which will allow individuals to simply use their web browser for Wallet Connect on iOS. We are eager for our iOS users to finally have this functioned enabled. However, it is imperative to note that we do not have control over third party ETAs and must wait for this to be completed on Wallet Connect's side. Meanwhile, you may still utilize this feature with the help of a secondary device such as a desktop or laptop.

  • New Verified Token Section: Verified Tokens now have their own spotlight in the Copiosa Wallet! In addition to our new category for Verified Tokens in the Discovery page, they will also appear at the top of the "All" section in search. It will now be easier than ever to stay up to date with our growing selection of Verified Tokens!

  • Today's sneak peak! There is no doubt that James and the development support team have been absolutely fantastic at polishing the app and getting it ready to receive new features. Well, I am also excited to announce that our next feature is already being cooked and will be ready for launch very soon! With our new Security Scanning feature, users will be able to easily scan any smart contract they're connecting to and it will provide an instant risk score! We are thrilled to show you a sneak peak of what this unique feature will look like in the app!

SNEAK PEEK! (Click Here)

  • Community Feedback and our Team's Progress: You can now review the http://copiosa.canny.io/ to follow our progress, provide feedback to our team, and suggest features or fixes that you would like to see! We love to keep transparency with our community and stay close to you. 💙

Operations

  • ETA for New Website: The design process for the new Copiosa website has been completed and is in the final stage of coding. We are estimating that it will be ready for launch in the first week of June but we are still leaving room into the second week for any additional changes. Stay tuned for upcoming sneak peaks!

  • Enhancements to our Workflow: Optimizations to our team's workflow systems are now underway with new AI tools! Josh Stalets is currently implementing different innovative tools to make us even more efficient at meeting milestones. 💪

  • Plans for Marketing: Team sessions are now underway to define marketing strategies for Q3 and beyond!

Community

  • New Community Initiatives coming! We are currently defining the final details with our newest partnership to launch a fun and challenging way to compete for prize pools in $COP as you climb to the top of the leaderboards! Launch coming soon!

Verified Tokens/Business Development

  • We are scheduling announcements for 4 new Verified Tokens through out this week and the following days! Don't lose sight of our socials and get ready to meet them in our upcoming posts & COPcast episodes!

  • Keep an eye out for our Head of Partnerships, Bailey Dodds as he will be attending more global crypto and Web3 events in the upcoming weeks! This Wednesday he will be in Monte-Carlo, Monaco for another great crypto conference, including a screening of the Crypto Documentary: Decentralized No Matter What!

As you can see, there are a lot of very exciting things coming for Copiosa!

Thank you for following our Weekly Update. On behalf of the Copiosa team we want to wish you an amazing week. Join us next Monday for another great recap of our progress.

Cheers!


TL:DR: Development Updates! New Verified Token section! A Sneak Peak of our incoming feature! Share your feedback with us through the Copiosa Canny! New Community Initiatives coming! Bailey will be attending more Web3 events!


Bitcoin Pizza Day!

Today we celebrate Bitcoin Pizza Day - the day when Laszlo Hanyecz bought two pizzas for 10,000 bitcoins, which became a landmark event in the history of cryptocurrencies. This reminds us that innovations always start small and can lead to big changes. Today, blockchain technologies and cryptocurrencies are one of the most discussed topics in the world, and we are happy to be part of this innovative field. Congratulations to everyone who supports and believes in the future of blockchain technologies and cryptocurrencies, and we wish you success on this exciting journey! 🍕

🥳

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"13th Anniversary of "Bitcoin Pizza Day

May 22nd 2010 was the day the first commercial bitcoin transaction took place, also known as 'Bitcoin Pizza Day'. To celebrate the annual Bitcoin Pizza Day, Coin Security is launching a limited time event called "Free BTC for completing an identity verification"! Sign up, complete an identity verification or participate in a new invite during the event and split $12,000 in rewards.