Saturday, May 27, 2023

Cardano Daily Discussion - May 28, 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


I'm already 24 and feel behind. Will student loans make or break me?

I'm already 24 and my younger friends are already college graduates that make double the money I make and I have nothing to my name at all.

INFO:

I have no debt but I only have 3k cash and 1k in a 401k. I do the full employer match.

I work 24-36 hours per week at a hospital and only take home 650-900 per TWO WEEKS.

I also deliver food 5-15 hours per week and take home an extra 100-250 per ONE week.

Per month I'm only taking home 2-2.5k.

I budget for $10 per day for food. Around 3500 per year. For gas I spend $33 per week. About 1800 per year.

I admittedly spent $1,000 on drugs in the first 5 months of 2023, but I stockpiled and will not need to buy for another 12 months.

I live with my parents, no rent.

QUESTIONS:

Should I be afraid to take out 50k of student loans to go to nursing school for the next 3 years while I maintain my work schedule simultaneously?

What should I do to make more money while I am in school?

What would you do in my shoes?

What do you think of this long term plan?: Take out 50k to pay for 3 years nursing school. Work while in school. Use money to 50% save/invest sp500, 50% expenses/student debt. Graduate and upgrade job3 years later. Continue using money to 50% save/invest, 50% expenses/student debt. 3 more years later student debt will be paid. Use savings for down payment on duplex/4plex and employment history for a loan. Live in 1 space, rent the other. Use monthly rent to pay for mortgage and maintenance. Continue working regular job and use all w2 income to save and invest since there's no more student loan and the duplex rental payment pays for the mortgage. Work for 2 more years and get another duplex/4plex and another loan. 1 unit pays for mortgage and maintenance and the other unit is pure profit. Use the profit for living expenses like food and gas. Keep working the regular job and buy nice things and keep diversifying money into things like: more sp500, different real estate,land, gold,silver,bitcoin,watches,solar electric generators, guns/ammo, yearly traveling, plsne tickets, gifts for family, dinners with family, family events, health products, etc. Am I being too optimistic?


Donald Trump Rival Tells Elon Musk Bitcoin Will Die If Joe Biden Is Re-Elected Ron DeSantis, governor of Florida, officially launched his presidential campaign at an event with the owner of Tesla and Twitter

https://i.redd.it/pula7ti16g2b1.jpg

1inch Weekly Recap #67

Dear community, we invite you to read a brief overview of 1inch news for the past week.

Updates and integrations:

  • 1inch Evolution Art Contest on our Discord with a $10K prize is LIVE till June 2
  • Share your hilarious crypto loss stories on Reddit and have a chance to compete for a prize pool of  $1,000 in $1INCH tokens
  • Over the last 7 days, 1inch burned 493.22 ETH, equal to $894.94K

Events:

  • Recap of the 1inch team’s presence at ETHDam in Amsterdam
  • Biweekly 1inch DAO Governance Call was held on Discord on May 25
  • The OKTAGON MMA 43 event, sponsored by 1inch, was held in Prague on May 20 

Achievements:

  • The 1inch Wallet became the wallet of the week by WalletConnect
  • 1inch got 2 major achievements on the Ethereum network: $270B+ in total trading volume and 11M+ in swaps

Media:

https://i.redd.it/6x75wam7j92b1.gif


ChatGPT, Privacy Stablecoin, and Innovation | Listed on CMC

https://preview.redd.it/kukk4scsbc2b1.png?width=612&format=png&auto=webp&v=enabled&s=15cb8d8d6edbf108a0c900ef93a80701fa5289ae

UtopiaP2PP Messenger provides access to ChatGPT but also offers other benefits. It is a secure and decentralized network of communications that facilitates activities related to AI chatbots, cryptography, computing, and digital citizenship. It is hoped that by making this accessibility available, both privacy advocates and the AI assistant will advance.

Without a paywall, the UtopiaP2PP app client provides unlimited access to AI assistants. By responding to user requests with astounding speed and accuracy using OpenAI language processing technology, they show their dedication to giving their customers the best user experience and potential. UtopiaP2P has created a secure messaging app that is easy to use to improve the app client experience for users. With a simple user interface, an accessible ChatGPT assistant, and other features, this application combines cutting-edge technology.

The privacy coin used by the Utopia P2P ecosystem by default is Crypton Coin (CRP). It is feasible and incredibly easy to internally mine Crypton Coin. Crypton and Bitcoin differ from one another in that all transactions take place within the UtopiaP2P ecosystem. The cryptocurrency Crypton's decentralized Bitcoin architecture served as its basis. Through its official Twitter account and app client, the company almost always publicizes campaigns or events that grant CRP coins.

The first and only anonymous privacy stablecoin with a 1:1 exchange rate to the US dollar is called Utopia USD (UUSD). On CoinGecko and CoinMarketCap, respectively, UUSD and CRP are both enumerated. Along the entire length of its ecosystem, UtopiaP2P provides a number of revenue streams.

Learn more on

Official Utopia website: https://u.is/en/

Download the Utopia app client: https://u.is/en/download.html

Crypton Exchange: https://crp.is

CRP CMC Link: https://coinmarketcap.com/currencies/utopia/

UUSD CMC Link: https://coinmarketcap.com/currencies/utopia-usd/

UUSD CG Link: https://www.coingecko.com/en/coins/utopia-usd