Thursday, June 17, 2021

Svetlin Nakov a.k.a. Satoshi Nakamoto - The Bitcoin Creator Revealed

The S.Nak. Github Book Poster

Associate Professor, Docent, Ph.D., Dr. Svetlin Nakov a.k.a. Satoshi Nakamoto, The Bitcoin Creator remains silent on the subject itself.

Creator and programmer (developer) of BitcoinBitcoin (BTC) together with his brother Preslav Nakov (Преслав Наков, some bio at Wikipedia here [1]**)**. He (Preslav Nakov) then obtained a Master of Science degree in Informatics (Computer Science) with specializations in Artificial Intelligence, Information and Communication Technologies from Sofia University in 2011. During his MSc studies, he worked as a teaching assistant at Sofa University and The Bulgarian Academy of Sciences (about [2]), as well as a guest lecturer at University College London during a visit in Spring 1999. Subsequently, he enrolled in the Ph.D. program at the Department of Electrical Engineering and Computer Science, University of California, Berkeley, partly supported by a Fulbright Program Scholarship. Under the supervision of Marti Hearst, he wrote a thesis on the topic of text mining from the Web and graduated with a Ph.D. in Computer Science from UC Berkeley in 2007.

Exactly on which day Svetlin Nakov (Satoshi Nakamoto) was born remains a mystery to the general public. The year of his birth is known well - 1980. The month too - June.

https://preview.redd.it/mc4829pzst571.png?width=1201&format=png&auto=webp&s=926bb13bc4f1fcf2e46531aeea1c8a41cce24891

He has written numerous free books in the fields of blockchain, programming languages, cybersecurity, and computational linguistics, and Svetlin Nakov [4] (alias Satoshi Nakamoto) was Awarded a Doctor of Philosophy(Ph.D) Degree in Informatics of Bulgarian Academy of Sciences (2010)/B.A.S. official website[5] / More info about B.A.S.[2]).He (Nakamoto - Svetlin Nakov) is about to finish his work in Cryptography For Developers[7], which he publishes in stages in Guthub[8]...Practical Cryptography for Developers is a modern practical open source (github) book about cryptography for developers with code examples, covering core concepts like:hashes[9] (SHA-3 [10] and BLAKE)**2** [19]#BLAKE2), MAC codes (like Hash-based message authentication code/HMAC/ and Galois Message Authentication Code (GMAC)[11], key derivation functions (like scrypt**,** Argon2), Key-agreement protocol s (like Diffie–Hellman key exchange (DHKE), Elliptic curve Diffie–Hellman, symmetric ciphers (like Advanced Encryption Standard (AES) and Salsa20, cipher block modes, authenticated encryption, Authenticated encryption (AEAD), Cipher suite (AES-GCM), ChaCha20-Poly1305 [12], Binary relation, asymetric ciphers[13] and public-key cryptosystems [RSA), Elliptic curve cryptography (ECC), Integrated Encryption Scheme (ECIES), I-SECG elliptic curve sect256k1, Curve25519), digital signatures (ECDSA [14] and EdDSA [15]), secure random numbers (PRNG [16],**CSRNG quantum-safe (quantum resistant) cryptography DApps,** Solidity**,** InterPlanetary File System (IPFS) by Svetlin Nakov and SoftUni Team, 2018, ISBN 978-619-00-0802-6.

Trivia

He is known for co-founding the Telerik Computer Academy[22] (together with his brother and powerful associates) and after that The Telerik School Academy[23] to teach children (students) in computer science.

In the city of Sofia, Bulgaria with his colleagues co-founded Software University Ltd. (SoftUni/СофтУни)[25]. Then, due to the increased interest of thousands of parents, he founded also a school named after him SoftUni Svetlina[26] (meaning Light, as Svetlin) - the first Private Vocational High School of Digital Sciences in Bulgaria the increased interest of thousands of parents, he founded also a school named after him.

Nakamoto's early years - a childhood spent with computers

https://preview.redd.it/5tdb5g47tt571.png?width=1201&format=png&auto=webp&s=21bc0eff64ec81372727fef089aef92dfd89e1df

Svetlin Nakov wrote his first computer program in 1991 in the programming class at the Center for Work with Children in Veliko Tarnovo. He entered the computer programming class at the age of 11 with many difficulties and reservations, because then he studied in 4th grade, and the code camp is for students from 5th to 7th grade. Along with him, his brother Preslav Nakov took the first steps in programming, often helping him with more complex tasks. Proto BootCamps at that time was a popular form of extracurricular education for students and covered all kinds of creative, technical, and sports areas such as dance, karate[27], ship modeling, aircraft modeling, chess, illusionism, folk art, and many others. Programming (coding) is one of the disciplines in which Bulgaria was a leader at that time in the former socialist block, with traditions in piracy, copying, and adaptation of computer hardware and software (as it happens today in China)., With two working factories for the production of computer equipment.

Nakov's First Software Program

The first program in programming code camps at that time was far from fashionable to be "Hello World", as neither teachers nor students knew English. At that time, the technical literature was mainly in Russian, coming from the fraternal side of the USSR, which boldly distributed pirated translations of leading world authors, but also had its contribution. Instead of "Hello World", Nakov's first program, written in 1991, was "number addition" - two numbers are entered from the keyboard, added up and the result is printed on the screen. It was written in a primitive version of the BASIC language for 8-bit Pravetz-82 computers [30]. Тhe computers from that time were Pravetz 82, Pravetz 8A, and Pravetz 8C (eights) and were a Bulgarian pirated version (clone) of the 8-bit Apple II machine, which works with MOS 6502 processor at 1MHz, has 64 KB memory [total RAM (Random Access Memory) [34]**+ ROM (Read-Only Memory)** [35]**]**, has no hard disk and loads its operating system from a 5.25” floppy disk with a capacity of 180 KB. They had a monochrome monitor (called a "green") that used green dots on a black background in 40 by 24 text mode, which was an integral part of the computer (along with the keyboard). Watching green monitors for a long time was not good for health at all, so children were not allowed to stand in front of the computer for a long time. For two years Nakov wrote to BASIC[32] and Assembler [31] about Pravets-8. BASIC programming Writing BASIC for Pravetz-82 was no easy task. There were no text editors yet and the programs were written as a series of console commands (such as LIST, GOTO, PRINT, INPUT, GOSUB, RETURN, RUN, CATALOG, and others). The program consisted of numbered lines with commands and the numbering was done in 10 so that rows could then be inserted. For example, if we have lines 10, 20, and 30 and need to insert a new command between lines 10 and 20, we can create a new line 15 and write the new command to it. Instead of a text editor and an integrated development environment (IDE), a primitive command interpreter and a Basic interpreter were used. Everything that could not be written in BASIC was written in assembler and entered as machine code.

I still remember writing assembler programs on paper and compiling them manually to machine code, then entering them as a series of decimal numbers separated by commas," Nakov said of those years. You can imagine how the debugging was done after the compilation was done by hand (without a compiler).

In those days, Nakov began writing BASIC's PopCorn game with friends for Pravetz-82, but soon the source code (several thousand lines) overflowed the memory of the computer he had and the project failed.

Nakov's first programming competition

Archaic programming competition During his first participation in a national programming competition during the winter math holidays in Pleven in 1992, Svetlin Nakov won 3rd place with a semi-working BASIC program forPravets-82. Some coincidence ranked him at the age of 12 in the top three in the 5th grade, when he first participated in a more serious national programming competition. After this success, Svetlin Nakov started studying programming firmly and seriously. In the 5th-6th grade, he read almost all the literature available at that time for programming in Bulgarian and switched to the classic Russian books on algorithms. At the age of 13, he already knows the basic data structures, recursive algorithms, the basic algorithms on graphs and easily solves the problems of the then competitions, tournaments, and competitions in computer science and programming (for his age group).

His Transition to Pravets-16 computer

Already at the end of the fifth grade, Nakov switched to programming Pravetz-16. He initially wrote to QBasic for MS-DOS, and a year later moved to Pascal [33]). For both BASIC and Pascal, he began winning most programming competitions for his age group. He prepares for the competitions together with his brother on the tasks for 12th grade and then easily solves the tasks for 5-7 grade. He was programming of Pravetz-16 with a text editor and development environment, compiler and debugger and a larger amount of RAM (640 KB) allow solving significantly more difficult tasks and implementing significantly more complex algorithms. This allowed Nakov to make significant progress and start writing not only algorithms but also application software (for MS-DOS).

Nakov-Nakamoto: Champion in Competitions and Programming Olympics

Champion of the Olympics with a cup Between the 5th and 8th grade at school Nakov is a regular winner of awards from competitions, tournaments, competitions, and Olympiads in computer science and programming. He often wins first place, and if he fails, he becomes second or third in Bulgaria. In the meantime, he read all the books on algorithms, data structures, and programming from the local libraries in Bulgarian and Russian and fell into a lack of teaching materials. At that time, the Internet had not yet entered and access to English-language literature was severely limited. He prepares together with his brother, but mostly on his own. Teachers from the programming classes, the local math high school, and the local university are not at the level of national programming competitions and are not able to help Nakov and his brother advance in programming (other than freeing them from chat-pats for hours on end). preparation at home). Thus, the two brothers teach themselves programming, mostly on a trial-and-error basis.

Nakov Wins Two Bronze Medals in International Olympiad in Informatics

https://preview.redd.it/zt398rhctt571.jpg?width=1181&format=pjpg&auto=webp&s=a58adacb66c6982440dfa0559b446a9ff7edc179

In fact, Nak(amoto)v won 4 bronze medals at the international computer science olympiads. The following (next to 1995) year, Nakov qualified for the Bulgarian national team and won a bronze medal at the Balkan Games in Cyprus (Nicosia ’96), 1996. At that time, all athletes without the 12th-grade students participated in the Balkan Games in Informatics. Everyone participates in the international Olympics and the struggle to get into the national team is harder. In 1997 and 1998, the Balkan Informatics Games were not held for political reasons. Thus, Nakov participated again in international programming competitions only after 2 years[36]. He won a bronze medal at the International Olympiad in Informatics in Portugal (Setubal’98). In 1999, he earned points for a gold medal at the Balkan Games in Greece (Ioannina ’99), but due to a wrong translation, one task was canceled and he was awarded a bronze medal again. At the International Olympics in Turkey (Antalya ’99), Nakov once again won a bronze medal. meanwhile, the computer specialist known at that time, not only in Veliko Tarnovo, won many national tournaments, competitions, and Olympiads in informatics and programming and at the same time dealt with applied programming. At that time there was no IT Olympiad and his performances in the field of applied programming were less.

Nakov writes to Delphi with databases in 9th grade

Borland**Delphi 2** [38]) - 32-bit Delphi for Windows 95 A year later Nakov already writes in Delphi and uses databases and SQL. At the time (1996-1997), Borland Delphi was an unsurpassed (IDE [39]) environment for rapidly developing graphical user interface applications under Windows. Borland's Visual Component Library (VCL [40]) is very similar to Microsoft Windows Forms, and Delphi allows the use of component-oriented visual programming. At that time, Microsoft still had no analog of Delphi and lagged behind the market for rapid software development tools with its primitive development environments Visual C ++ and Visual Basic. A few years later, Borland was late and Microsoft bought their chief architect, Anders Heijlsberg, who then took the lead in inventing and developing the.NET platform. Amid the transition to democracy, companies that exchange currency legally in their offices and replace the so-called money changers (thugs and swindlers who exchange currency on the street) are emerging. At the request of some companies from Veliko Tarnovo Nakov creates modern (for his time) software for managing an exchange office. It is written in 32-bit Delphi for Windows 95, uses SQL and Paradox (database),) and allows you to set exchange rates, perform currency exchange transactions, print receipts, track movements, cash register, operators, revenue, expenses, and more reference.

Nakov works in a software company for a salary in 10th grade

When studying in tenth grade, Nakov was invited to work for a local software company that develops software for BTC (Bulgarian Telecommunication Company PLC[41]). Nakov started working in the company's office on a part-time basis and at the same time went to school. This was done secretly by the teachers in the high school because at that time it was perceived as something wrong for a student to work. Gradually, Nakov began to earn his own money by developing software, which gave him relative independence from his parents.

Nakov became a hacker in 1998

https://preview.redd.it/mkx5lbsgtt571.png?width=1201&format=png&auto=webp&s=3118c251c7ef7de8724870a65cdef729bf26a83b

In 1998, the Internet slowly began to enter Bulgaria. Nakov won a modem race at a speed of 14,400 Kbps. Then Internet access is insanely slow and terribly expensive. Nakov pulls at speeds from 1 KB / s to 3-4 KB / s and hacks local ISPs to access the Internet for free. Later, Nakov learned network programming and wrote software for security testing and penetration testing tools for research purposes. Due to the lack of legal restrictions at the time, he had the opportunity to experiment freely with the development of viruses, Trojans, and tools for DDoS [43] attacks. In 1999, Nakov gained the fame of a famous hacker in Veliko Tarnovo and the region after his experiment with proprietary DDoS tools made the Internet access of the entire city very difficult and almost stopped in a few weeks. After this incident, he was given free internet to leave users alone. With the advent of the Internet, access to modern computer books and teaching materials gave a new impetus to the development of Nakov as a programmer, programming competitor, and software engineer. He also learned other programming languages (C [44]**, C++** [45]**, Java** [46])), started making websites, and learned to develop complex software systems. In 1998, Nakov bought the domain nakov.com and made his own website

Nakov created his own magazine for computer algorithms - Infoman...

..**Short CV of Svetlin Nakov** (a.k.a. Satoshi Nakamoto) HERE [47]

Meanwhile, Nakov (Nakamoto) Rejected a Program Manager Position at Microsoft Dublin after a Successful Interview at Microsoft.

Microsoft - Dublin 2008, Svetlin Nakov was invited by Microsoft to work in their development center in Dublin, as part of the Microsoft Office team, in a managerial position. Such offers often come to him, but he does not pay attention to them. One day he went to an interview in Dublin at the insistence of his friends, without any interest in a position at Microsoft. He passed the interview successfully, impressed the interviewers and they invited him to work for them. For better or worse, Nakov does not want to leave his job in Bulgaria, which brings him a better quality of life, and refuses[50].

Gradually, over time, he revealed his long-hidden passion for cryptography and blockchain...and Philantropy

Creating DApps with Ethereum, Solidity, Web3 and MetaMask [58];

Teaching the Blockchain Dev Camp Sofia (Jan-March 2018) – Intensive 240 Hours Training [59];

Algorithms for decentralized consensus - Nakov @ jProfessionals [60];

Blockchain Cryptography for Developers: ECC, secp256k1, SCrypt, AES, Wallets [61];

Speaker at the Blockchain**** Technology Conference 2018 | Berlin[62];

Multi-Signature Crypto Wallets: Nakov @ SoftUnit Conf 2018 [63];

Crypto-Wallets: A Technical Perspective – Nakov @ OpenFest 2018 [64];

Speaker at BlockWorld 2018: Client-Side Wallets and Cryptography [65];

CryptoBlockCon 2018 (11-12 December Las Vegas**)** [66]...

...and so on...

Along with his successful business and great respect in his boot camps, Svetlin Nakov, more popular worldwide, but hidden by his pseudonym Satoshi Nakamoto - the Guru of Bitcoin and blockchain, did not abandon his philanthropic inclinations and for many years continued to conduct free trainings, courses and seminars, including as a computer messiah in places after places everywhere in Bulgaria:

Free programming courses for absolute beginners in 28 Bulgarian cities and towns [67];

Free programming school for children (grades 3-6) in Sofia - Bulgaria [68];

Free courses and lectures: ASP.NET MVC and Cross-platform mobile applications [69];

Free courses and trainings at the Telerik Academy: for job seekers, students, pupils, and children [70]

https://preview.redd.it/07jixsnott571.jpg?width=1201&format=pjpg&auto=webp&s=c79b7816c63c878e16f870bf140de3cc7f9dd695

To be continued

All factual and legal objections please refer to the email: [euro@usa.com](mailto:euro@usa.com)

Subject: Nakov Svetlin/Светлин Наков is not Satoshi Nakamoto Refutation

Spam and flooding are not desirable and will not be tolerated. We do not guarantee that you will be answered, but in the event of a court summons, you will be provided with a real address to serve the summons.

https://preview.redd.it/fd7z4cc1ut571.jpg?width=1201&format=pjpg&auto=webp&s=2e60de03c79706bb4c8be86cfeaad901ba5033f1

https://preview.redd.it/k76t1z42ut571.jpg?width=1201&format=pjpg&auto=webp&s=8dd5085d4e0f08b2f32a37a48b74bc63f608505f

https://preview.redd.it/3gxo1ay2ut571.jpg?width=1201&format=pjpg&auto=webp&s=91694be52f2365aa7c18ce0916b2441a14146cb9

https://preview.redd.it/md4m3uc4ut571.jpg?width=1201&format=pjpg&auto=webp&s=9a922ef2c695ad13c6f3f533e0b56be9d5abd7c6


ELONGATE. We need to adapt or die. Feedback and suggestions.

I write this in the hopes it will reach Lorenzo, the CEO who calls the shots.

I’m the person who wrote the infamous “why elongate is not a shit coin” on may 6 on medium and reddit, which was the all time most upvoted post in the r/elongate, and was on the top page of r/satoshistreetbets and r/cryptomoomshots for 2 days straight with over 50 awards to those posts.

That post was generally a persuasive text to new investors trying to shut out the general consensus online that elongate was a scam and shit coin. It was extremely long and detailed with research and proof laid out to show people what we were about.

This post now will be my thoughts and criticism on the direction the coin is taking, the marketing efforts and my personal suggestions. I would like this text to challenge the team to take on board and have a serious think about – not just to read and say “thanks for your feedback”

I have given my feedback on telegram, reddit and discord previously 1–2 months ago. However, they have not been implemented even though some were “approved” on the discord suggestions.

I am not a writer so please forgive me if my formatting is a little confusing but I’ll do the best to my ability. I am also writing this from my phone.

Why does my opinion matter?

All in all - I’m just another person, an investor ; and that’s the most important part. There are many more people who share the same thoughts as me. Those people include current investors who are still holding, current investors who are giving up hope and wanting to sell, ex investors who have already sold, and potential investors who want to BUY but are holding off.

Now let me be clear. Most of the people who invested are here to make money, not donate. They are here first to make life changing money – taking the risks WHILE also doing good for the community. If people wanted to be charitable they would simply donate money to their charity of choice with 100% of their funds.

Let’s not kid ourselves, we need to target the right audience here. There is a fine line between trying to be a charity on its own and being a charity CRYPTOCURRENCY TOKEN.

Why it’s important for the team to take this feedback

In the 2018 team, most coins crashed and never made it back. They are still dust. Even most coins with good fundamentals still haven’t even touched their ATH. This means anyone who bought at the ATH still have not even made their initial investment back yet.

What does this show us? What does this mean? * Crypto is highly speculative and built on hype and followings. * Fundamentals do not necessarily guarantee success. * Coins with teams who do not dedicate themselves, or adapt to changing markets will fall behind and be left behind – not able to recover. * Bad press and angry ex investors will influence new investors not to buy, at the first sight of a newbie mentioning the coin.

What can we learn from this? * We need to build a strong foundation first and foremost. * We need to find good use cases for our token. * We need the team to constantly adapt to the changing environment. * We need to push marketing. * We need to build a strong community.

I will give my summary of personal suggestions to these main points at the end of my post.

Why is the value of elongate dropping?

  • We are currently in a bear market. All coins are dropping right now. However, some are dropping drastically while others not so much. Elongate has now dropped over 90% of value from the ATH. We’ve actually added a zero now. In comparison, many of the coins in my watch list and that I have previously bought have only dropped 50%-80% in value.

// Why do I think elongate has dropped more? * We are regarded as a scam and shit coin (not meme coin, but a shit coin) * There are too many similar coins that offer the same thing. We offer nothing unique. * We are also affected by BNB. * The community has lost hope. * This is in part to all the hype from marketing and the price drop. * It is a snowball effect. Once the investors lose hope they will sell and continue to bad mouth the project due to having a negative experience and losing money.

Again, these points will lead back to my personal suggestions at the end of the post.

What are the most important things to elongate?

//// VOLUME.

Plain and simple the most important factor. What does volume do for our token?

It provides us funds including; * Donations: the team has marketed us as a “first and foremost charity token.” Without any volume how will we have the funds to donate money to charities? When you have mindlessly drilled into peoples heads that you are a charity then what will people think when the amounts you donate become less over time? To any normal person that would equal a failing business. This is why we need other use cases and not to just market ourselves as a “charity token.” * Stability reserves, * Marketing fees, * Business development, * Liquidity: high volume allows people to buy and sell. If there is no liquidity and you wanted to sell as a whale, you may not even be able to sell your tokens. As buyers on an exchange you may place a huge buy order only for 25% of your order to be fulfilled.

For investors, volume means reflections and earning rewards.

Right now our volume can be classified as a laughing stock. What’s the point of holding if you hardly get any reflections? You’re better off holding another coin and staking.

//// TRUST/IMAGE.

As I previously touched on, the general consensus online in the cryptocurrency community is that we are a scam. I was banned from r/cryptocurrency for posting the “Why elongate is not a shitcoin” post even though it was fully detailed and had proof of donations and such.

Also, if you search up posts in r/cryptocurrency of elongate with newbies asking questions of our token, you will see seasoned investors warning them of such shit coins saying that we are a scam. On r/cryptomoonshots and r/satoshistreetbets even though we were on the front page with huge upvotes, there were people calling us a scam. Yeah I was able to persuade some people with my massive write up but many others still weren’t convinced.

Take a look at it this way, Bitcoin, the original, still has many haters and non believers. Go into non crypto specific subreddits and if you see a post about Bitcoin a lot of them will call it a ponzi scheme. For a coin like us, we have a long road ahead of us and it won’t be easy to gain trust with the brand.

I can commend the team for doing a logo change as the old logo was rubbish. The new logo looks a lot more professional with some thought put into it being a heart. It also flows a lot easier, which makes it easy to put on marketing material.

The new website looks much cleaner too, so I have to commend the team on that. A new investor will do a simply google search so the website does need to look top notch to gain their trust.

The white paper although updated still looks like a rookie made it. I suggest the team update it with nicer formatting and images.

As a brand, you should have your tool kit which has rules for what fonts, sizes, weights etc you should have for every part of a text including headings, subheadings, paragraphs etc. Uniformity and consistency inspires trust.

One thing I disagree with the team is that they don’t want to be seen as a meme coin. Hype and memes is what took us to our ATH in conjunction with the bull market. No the billboards did not do that, I guarantee you.

It’s fine to have a professional image but still have memes and hype associated with your coin.

//// AUDIENCE. WHO WE SHOULD TARGET.

It would be foolish to try to get rid of the memes and look like a corporate company or a full blown charity organisation. Cryptocurrency doesn’t work like that. Memes are a part of technology and internet culture. We should not be trying to build a charity – if we are, go and build one without the cryptocurrency aspect – it’s not needed.

Our image should cater towards investors. Most people in crypto are here to make a change to their lives. They want to build towards a better future for themselves. A lot of people didn’t come into crypto by researching and thinking Bitcoin will overtake fiat. They invested their hard earned cash to try and make more money. Only then they did more research and started to believe in the technology.

Even those who started out with believing in the technology didn’t need to actually invest. If you are in crypto solely for the technology why do you need to put money into it? You can keep researching and promoting it to your friends telling them how great the tech is and how it’s a once in a lifetime innovation like the internet was without investing…

Look at the share market. Do people invest in google because they use their services everyday? It’s called an investment for a reason. Coins and shares are similar that way which people use it as an investment tool. If you can make money WHILE doing good for the world with charitable work – who the hell wouldn’t want to?

That’s why I personally bought the token and I bet why over 95% of the buyers did. If you want to test this, make a poll with two options to the community: Why did you buy elongate? 1. To make money and be a part of a charitable cause. OR 2. To donate to charity.

That would prove my point.

//// WHO WE SHOULD NOT TARGET.

We should NOT be targeting people who want to donate to charity. Why? Because if they wanted to donate to charity they would just do it and NOT NEED TO BUY ELONGATE.

Let’s put this in dollar figures. $100,000. If I buy $100,000 of elongate, I will have $90,000 after fees. This $90,000 may go up or down. If I had bought last month this $90,000 will now be worth $9,000. I lost the $81,000 on paper to nothing if I was to sell. How much goes to charity? According to the white paper, of the 5% fee, 58% goes to charity; that is, 0.05*0.58=0.029 which is 2.9% So $2,900 of my $100,000 goes to charity.

I don’t even get to choose who it goes to and I don’t get any tax benefits. If I chose to donate the whole $100,000 I could’ve chose my charity of choice and claimed the whole $100,000 for tax purposes.

In what world would it have been better to purchase elongate if I wanted to donate to charity? NONE.

People buy this coin for the potential to make money first and foremost. Otherwise they’d simply donate to charity. It’s not rocket science.

The head team who says we are first and foremost a charity coin are delusional. You CAN NOT market the coin like this to people who simply want to donate when there is NO benefit at all in doing so. The benefit is that you can make money!

//// USP. UNIQUE SELLING POINT.

Our code is basically a fork/copy and paste, just like thousands of other new coins. All these new coins popping up with almost the same tokenomics have hype behind them. Why is there hype you may ask? Being new, people are hoping to 100x their investment. With that hype comes volume, and with that volume comes donations.

So anyone can fork these coins to build some momentum and make some big donations and play catch up. With more people aware now of charity coins, it just takes a big group to buy in and then they can claim our 1st month we donated $1,000,000. The newer coins will have volume and therefore will outperform our early donations.

This is not hypothetical, but real, there are new coins have donated more than we have in our first month. I will not name them but simple research will support this fact.

We need a unique selling point, something that sets us apart. All these new coins are also doing new wallets and NFTs. A wallet is convenient yes but why would NFTs bump up our price?

You need to lay the foundation before you bring up novelty ideas. Unless you work with major players in the space of the biggest celebrity names then NFTs won’t do much.

I don’t claim to know a solution or something that other coins can’t copy but I do have some ideas I will list at the end of my summary.

At the end of the day there will always be coins that copy but you need to think of things that are hard to imitate or things that first movers advantage REALLY, REALLY matters.

Marketing

We hit last ATH due to the bull market. A lot of coins increased in market cap. It was good timing if anything. In 2017/2018 most coins saw a huge pump. Billboards are good for creating trust. That’s about it. Do you really think billboards reached a wider audience and pumped us to ATH? Our billboards literally say Elongate4Charity with a moon and rocket. Do you think Joe from the barbershop walking to work will see this rocket and moon and ELONGATE and feel the burning desire to donate to charity after that?

Charities have been around for ages. Have you ever been at work and someone walks up to you and asks for donations? They rarely get any. Go to a shopping centre and you’ll see these guys standing at kiosks handing out flyers and asking if they can “stop you for a sec and talk about a good cause” – only for people to keep walking and roll their eyes. These people door knocking and disturbing people in the comfort of their own home to ask for donations only for people to get annoyed for them ringing the doorbell, informing them for a second time they ring the door bell just in case and annoying them even more. People don’t like giving to charity organisations already. Most people don’t even believe or know what cryptocurrency is all about. Yet we are promoting ELONGATE4CHARITY bringing crypto to charity and a picture of a rocket and moon and we think this will suddenly change their minds? No. It doesn’t.

I’d dare to say the first billboard has such a lazy design that it looked immature and had a negative effect on the branding. However the billboard factor itself on the opposite end had a positive effect on hype.

The only thing the first billboards did were: * Put some legitimacy on the brand by having exposure in the real world. * Generate hype to online communities in which turn they bought elongate.

Yes it’s great to have photos and videos of the billboards to generate hype online as it was a first for our coin. Not many other coins did it too. Also, it’s great to use as images on the websites and other marketing material if needed. The second batch of billboards looked much more professional. But did we need to go to 20x cities? If you knew the reasons why it has any effect the first time you’d know that going to 20x countries or 100x wouldn’t have made a difference. The effect wasn’t due to how many countries we went to, but because of the two points outlined above. So I congratulate the team for designing a better billboard, albeit it should’ve been done for the first and we didn’t need the whole 20x countries thing at all.

June 7 Why was June 7 hyped as it was? The team should not generate hype; the investors should. The team should not hype June 7 as a thing different to the billboards, influencers and youtubers like they did in the infographic. They need to be clear in what they give the audience. Everyone was waiting for the announcement. Everyone was confused and still is confused what June 7 should be about.

Was it going to 20x countries? If it was, it shouldn’t have been marketed as a separate campaign to billboards then. Was it the post where someone said we’re going to a top 10 exchange? If it was, this should’ve been made as a separate announcement and not just a telegram post. It should’ve been a Twitter and Instagram official post. Was it not even announced? If it wasn’t, there needs to be an announcement that it has been delayed. Was it meant to be a group of all those things above? If yes it should’ve been told directly as an announcement and the message given across directly and effectively. Say specifically that June 7 was a collection of those posts.

Seriously nobody even knows what June 7 was meant to be still. All it did was lose the trust of more people and that is why the price tanked further after June 7 (obviously along with market forces)

/////////// My personal thoughts and suggestions ///////////

//// 1. Marketing slogans should be about tokenomics not charity first

This the main issue. We need to attract potential investors and we do that by promoting the fact people can make money.

Looking at safe moon, besides their community, they are successful because they tell you that you can make money off reflections.
We need to tell people they can make residual income, and secondly help with charity. I can’t stress this enough. There is no point to marketing as charity first when you don’t have any advantage to solely donating to charity yourself. I mean if the team ever comes up with some benefits over traditional donations, then feel free to market charity first. Until then we NEED to swap it the other way around.

Use words like “earn income” “earn rewards” “passive income” “residual income” “invest” “invest and hold” “hold and profit” etc. These are words potential investors want to here. Followed along SECONDLY with “with a charitable cause” or “and help make the world a better place through donations” etc. They need to be straight forward and get the point across, that FIRST, PEOPLE CAN EARN MONEY, and SECOND, some of their funds will go to charities.

//// 2. Flow on on marketing

Think about how new investors hear about elongate. They read it on social media, hear it from a friend. They then google it, and read up reddit and articles. Then they verify it further with more articles and credible sources. They then purchase it.

Knowing this, what elongate needs to do in order is. * Build the foundation first. Website has been done great. * Work with media outlets and credible news sources to release articles. There are some yahoo and Bloomberg. Great. We need more. * Work with blogs, and other high level credible websites. These include influencers with a high following , over 1 mil followers. * Work with online ads, have campaigns with some smaller followings 250k to 1mil followings. * Promote the coin on social media and encourage current investors to promote the coin. Perhaps do giveaways for those that come up with the best graphics and those who have the most invited to discord for example.

So when a customer hears about the coin working backwards from my dot points they will follow along that process and it will reinforce a lot more trust and the coin will look more reputable.

// 2a. Messages for marketing need to be clear. As mentioned with the first billboard the rocket and moon is not related to the token. The graphics were cartoonish. They do not resemble what the coin is about. Who even made this new burger video? “Weird is good” is not a good marketing tactic. Nobody even knows what this is about. Are we a fast food company? We could’ve spent our money better here. Our volume is dying. Stop wasting money on ineffective marketing. We need to use effective and efficient marketing, not blow our money on useless messages. As you understand in business, once money dries up it’s even hard to get capital to inject more funds. Use your money wisely !!!! It cannot be understated. Even when things are going well, you should look at the COST EFFICIENCY of your campaigns and spending!

//// 3. Community slogan Along with having the correct marketing slogans, we need to have one in the community that encourages them to hold. Having shirts that just say elongate etc is not good enough. Promote things such as “HODL” for all merchandise. In telegram and discord when there is a negative vibe, the mods should be promoting HOLDING. On all AMAs and all interviews, HODL should always be mentioned.

If you want to see an example, check out CELSIUS. Alex Mashinsky is a self made billionaire who is the creator of Celsius. In all his interviews he is very knowledgeable of the crypto space and tells all the investors to HODL. They believe in him as a leader first and foremost and that flows into the Celsius coin. Celsius has dropped from $8 to averaging around $6.70-$7.10 during this bear market. Why? Because of their tokenomics and their HODL community vibe.

It can’t be understated how much the community plays a part in this. If everyone held, technically the price should not drop. Obviously there will always be sellers but you can understand how important it is to tell your coin holders to HODL.

When you do AMAs or even come to chat, it’s better to instil the HODL mentality instead of providing them with reasons to hype the coin. Hype will follow when announcements are naturally made over time.

//// 4. Hype

Following into that, hype should not be done by the head team. You guys should only post clear announcement and dates. Please do not give unreasonable dates. If you can’t meet the deadline then use later dates. Failing to do so will ruin the trust and investors will not believe anything the team says in the future. Give news and let the community hype. If it’s worthy of it, then it’ll come. Giving secrets and making June 7 a massive thing was one of the biggest let downs I’ve seen since 2017. Some coins have missed huge milestones and deadlines but the way the team hyped up June 7 and failed to deliver was honestly embarrassing.

Again, keep the message conveyed clearly. If June 7 wasn’t a thing of its own then don’t use an infographic to show it as a separate announcement to billboards, influencers etc. I’m sure you know which tannic I’m talking about with the June 7 catalyst graph.

//// 5. Use cases to generate volume and a USP

VOLUME is the most important thing for this coin.

We need to find other use cases for the coin. Too many forks and copycat coins. Being the first does not guarantee success. Heard of Netscape and google? Google was nowhere near the first. New coins come in and take market share because they see what the old ones did wrong, they have new hype and blood and importantly for these types of coins it means more donations. Therefore they have the best of all worlds. They can compete all their new donations to ours and it will be more. Don’t rely on being the first and biggest charity coin. We need to start thinking of other ways to use our coin, besides people buying and holding. We need to generate VOLUME. It’s abysmal right now! There is no point holding elongate when you hardly get any reflections because of the horrible volume.

Some ideas for use cases:

// 5a. Flywheel. Introduce a flywheel similar to Celsius. (Google their flywheel.) * Using funds in the liquidity pool to buy back elongate. This will help push up the price. * The tokens will then be transferred in other processes such as community events.

// 5b. Community votes. The community should be able to vote in certain things such as marketing ideas, new innovative ideas (eg. release a new wallet), who yo villa collaborate with etc These votes should have weightings. For example the team can choose option A which will be weighted at 45% of the votes. There could be option A, B and C. The community would need to get over 45% of votes on another option to outweigh the dev team. This means that over 83.6% of the community need to vote for either option B or C which would be quite a high choice for many to over ride the teams option.

// 5c. Give aways and chance to join the OFFICIAL team. Tokens should not just be given out for watching stream etc, they should be given for valuable input from the community which may include but are not limited to: valuable input, amazing graphics, volunteered promotions, etc that all have high effect. Multiple instances or very effective inputs from community members would be recorded by the dev team back end and they can offer a role to these people in the community if wanted. This creates cohesion with the team and community.

//// 6. Team attitude and training

Companies grow by hiring people better than them. Some of the team are arrogant and think they know it all. We will never grow like this. Be humble and leave your ego out the door, there are always people smarter and better than you. What you should do is welcome them with open arms and get them to help you. This is how huge companies succeed.

If you see people with talent, make a team of them, not officially part of the team but keep them in a group and regularly interact with them to get their inputs.

The team needs to be trained on customer service. At the end of the day the moderation team are dealing with current, ex and potential investors. They need to know how to deal with people.

Too many times I’ve seen: * Aggressive moderators who wrongly ban and warn, * Straight out dismissing opinions of other people, * Cult like atmosphere in chats.

All these have negative impacts. Imagine being a potential investor coming to chat genuinely asking about how we compare to our competition only to be wrongly banned for life being told they’re shilling other coins. Well they might not even want to invest anymore if you can’t even participate in the community.

Acting like a cult dismissing other coins completely instead of welcoming genuine discussion is unhealthy. Does McDonalds kick you out of their store when you say the burgers are better somewhere else? What if you return a burger? Do they yell at you and kick you out. Customer service goes a long way. Investors are customers.

Just as customers grow the business and pays the workers, it keeps it going – the same way investors do for cryptocurrency coins or shares.

We need the team to be trained by one person who looks after all new recruits and teaches them customer service: * How to respond to negativity, * General responses to be professional, * How to take feedback and how to respond and forward it to higher ups, * How to answer questions, * When to warn and ban, * Certain use of words and language, * Cheat sheet for responses which can be modified to a personal level. * Regularly check the price of price bot. If it’s wrong, pause it. This will stop unwarranted fear that the price is lower than what it is.

//// 7. Honest and transparency.

All token burns and dates should be easily ready to be seen, listed in table format on the website. The website should have a no frills blog for announcements only. This blog should not be tainted with small headlines and news. It should be a place for only important information listed which can be found.

For example, burns, new projects, updates to these projects (wallet), AMA summaries, etc. Not stuff like AMA dates, Twitter competitions, etc You can ask the community for feedback but don’t take it just because, to make them happy.

For example I saw someone say “we did the marketing now on June 7 because the community kept rushing us”

You don’t make a decision due to customers telling you what to do. What you do however, is take it into account and then do what’s best in the business’ interest. To blindly do something because the community say would be immature and not looking after the business. The reason the community vote I said above would work, is because if you are happy to do ANY of option A, B or C. Then you do a vote for all three. But what you would not do is, list an option D for them if you don’t think it will ever work. Common sense.

//// 8. Media tool kit needs to be on the website.

Any community brand should have a media toolkit readily available on the website,

A png vector file of the logo should be made available for everyone at the minimum. Any other important marketing material should be organised and easily downloadable here too.

//// 9. Main listings on Binance and Coinbase.

I told everyone that the LBank listing wouldn’t do anything but nobody believed me. We are in a bear market and it’s not the first listing.

BitMart pumped as we were in a bull market but more importantly it was the first place people could buy the token who didn’t know how to use or were scared to use PCS.

Binance and Coinbase should be the main goal for listings as these two sites have PUMPED every single coin that’s been listed on it on the day. Not only that, they have sustained the price long term as they are the biggest and most trusted exchanges - listing on there shows that we are a serious and “safe” trusted coin.

Binance also has many competitions and their marketing to push campaigns for coins listed is unmatched. Being a BEP20 coin this would be the perfect listing which would really be advantageous for us exposure wise and for price growth.

We need to make sure when we list there, we have campaigns running (such as competitions for high volume) and they hype the listing up for us.

//// 10. Team should not bad mouth other projects.

Keep it professional. Don’t accuse, don’t say things you don’t have 100% proof of. Don’t make enemies. It can come back 100x fold.

Whatever you need to say, hold it in, as a company it’s not even worth it and will cause more issues than solutions.

This concludes my post, I have tried to write this up in the little time I have. If you have any questions then please feel free to message me.


With so much ETH now locked up in validators, will that protect it from falling as far as other tokens whenever the next crash comes along?

Has anyone deep dived into the numbers, and if so could the amount locked up in validators create a protective buffer to prevent Ethereum's price from falling as far as most other tokens? If so that's likely to spark the flippening as big investors can visibly see that one option is safer in a market known for volatility.

The other big event i see leading to the flippening is if nations start to legislate against Bitcoin due to the energy usage, which tbh they probably should do as 'a store of value' can be achieved far more efficiently by other methods.


SPRT - Kurssteigerung ist unvermeidbar

INTRO

Die im 3. Quartal bevorstehende Fusion (engl. merger) von Support.com und Greenidge muss, nach allen Regeln des Marktes, zur massiven Kurssteigerung führen.

In dieser DD werde ich euch anhand der Unternehmensdaten, der Jahresberichte und der Bilanzen der Unternehmen darstellen warum das so ist. Alle meine Thesen werde ich mit den original Quellen der Unternehmen versehen, so dass alle Zahlen selbst kontrolliert werden können.

Ich werde versuchen es kurz zu halten, und euch trotzdem einen guten Gesamtüberblick zu geben.

Dieser DD ist mit der Moderation im Vorfeld abgeklärt.

UNTERNEHMENSPROFILE

Diese Fusion betrifft die beiden Unternehmen Support.com und Greenidge. Nachfolgend einen kurzen Überblick.

Support.com bietet, wie der Name vermuten lässt, Dienstleistungen im Bereich Technischer- und Kundensupport an. Sie expandieren aktuell in den Bereichen on-demand fintech und Kryptowährungen Support um die steigende Nachfrage in dem Segment abdecken zu können.

Passend dazu haben sie ein Fusion mit Greenigde beschlossen. Diese Fusion ist kein Gerücht oder in Gesprächen, sondern bereits Final beschlossen. [1]

Greenidge ist ein Bitcoin Miner der sein eigens grünes Kraftwerk in Upstate New York betreibt. Die ist eine Besonderheit, da green energy im Crypto Sektor immer wichtiger wird und das mining, also das "schürfen" von Bitcoin, auf rechenintensiven Prozessen aufbaut die vor allem viel Energie benötigen. Durch ihr eigenes ökologisches Gas Kraftwerk können sie sehr profitabel wirtschaften, und sind der Konkurrenz weit voraus.

Durch die Fusion wird Greenidge über Support.com öffentlich handelbar sein. Der Vorgang ähnelt daher einem SPAC aber ohne die ganzen Risiken die damit einhergehen.

WARUM SOLL DER KURS STEIGEN?

Aktuell liegt der Market Cap von SPRT bei ungefähr $100M USD, nach der Fusion innerhalb der nächsten Monate (kein genaues Datum bisher, nur Q3 ist bekannt [1]), wird der Market Cap bei ca. $1.6B liegen, wenn wir von einem Kurs von $5 USD pro Aktie ausgehen.

Da die Fusion zwar final beschlossen aber bisher nicht durchgeführt wurde, berücksichtigt der aktuelle Ticker SPRT nur support.com. Daher auch der aktuell geringe Market Cap.

Daher nehmen wir zunächst nur die Vermögenswerte von support unter die Lupe.

Support.com hält zur Zeit 40M USD net cash. Net cash ist Barvermögen das nach allen Abzügen im Unternehmen liegt. Nach Steuern, Ausgaben und Verbindlichkeiten. Reines erwirtschaftetes Vermögen.

Außerdem gibt es natürlich andere Assets wie Immobilien, Hardware und ähnliches die aktuell auf einen Wert von 39M USD kommen.

NET CASH TOTAL ASSETS GESAMTWERT
40M USD 39M USD 79M USD

Wenn man nun also die Firma liquidieren würde, könnte man Barentnahmen und Erlöse von 79M USD realisieren [2]. Das berücksichtigt nicht die Kundendaten, die Geschäftsbeziehungen, die zukünftigen Gewinne, die bestehenden Verträge etc. pp. All diese Dinge die eigentlich zum Wert einer Firma beitragen.

Zur Erinnerung, der Market Cap liegt bei ~100M USD. Das heißt, nur das reine Vermögen von nur dieser einen Firma ist nahezu identisch zur aktuellen Bewertung. Und da ist der Wert von Greenidge noch nicht mal einbezogen.

Wenn ihr jetzt denkt, dass ich hier nen Punkt habe, dann wartet mal ab. Denn der eigentliche Clou ist was Greenidge mitbringt.

GREENIDGE ALS MULTIPLIKATOR

Greenidge kann bisher nicht öffentlich gehandelt werden (daher die Fusion) und ist im Vergleich mit seinen direkten Konkurrenten (z.B. RIOT) daher noch krass unterbewertet. Das schöne ist, man kann diese Werte super vergleichen weil es beim Mining eigentlich nur um die Hashrate geht. Anhand dieser kann man sehen wie profitabel ein Miner läuft und wo sein Marktwerkt liegt.

Die Hashrate von RIOT (dem direkten Konkurrenten) liegt bei 1.3 EH/s mit 43MW und die zu erwartende Leistung von SPRT soll bei 41MW und Ende des Jahres bei 45MW liegen.

Warum soll und nicht ist? Es gab im Staat New York ein Verbot Kraftwerke für Bitcoin Mining zu nutzen. Dieses Verbot wurde nun aufgehoben und der Saft kann zu 100% in das Mining fließen. [3]

Das heißt die Performance von Greenidge fährt jetzt erst richtig an. Ich habe einen ausführliche Gegenüberstellung von Greenidge mit seinen zwei Hauptkonkurrenten MARA und RIOT gemacht und alle Daten von Hand recherchiert und verglichen. Bitte schaut euch dazu diesen Thread an https://www.reddit.com/r/pennystocks/comments/o0l0ra/i_compared_sprt_with_its_two_main_competitors/

Hier nur einmal die Tabelle die die Kernwerte im Vergleich zeigt

STOCK Marathon Digital Holding (MARA) Riot Blockchain Inc. (RIOT) Greenidge / Support (SPRT)
TRADING AT ~$30 USD ~$35 USD ~$4 USD
MARKET CAP $2.9B USD $3.35B USD $1.6B USD (combined)
HASH RATE 1.46 EH/s 1 EH/s 1.1 EH/s [B]
MINING COST $28 MWh unknown [A] $22 MWh
REVENUE 2020 $4.4M USD $3.9M USD $12M [C]
MINTED BTC 2020 254 BTC [D] 1,005 BTC 1,186 BTC
SOURCE https://ir.marathondh.com/news-events/press-releases/detail/1240/marathon-reports-first-quarter-2021-results https://www.riotblockchain.com/news-media/press-releases/detail/101/riot-blockchain-announces-financial-highlights-for-the https://corporate.support.com/wp-content/uploads/2021/03/Greenidge-SPRT-Merger-Release-FINAL.pdf

[A] Keine Daten gefunden aber sie ziehen nach Massena, New York um Kosten zu senken. Die gute Nachricht - Greenridges betreibt bereits sein eigenes Kraftwerk in NY.

[B] wird ausgebaut auf 2.6 EH/s bis 2022 (expansion ist bereits voll finanziert)

[C] das betrifft nur Greenidge. Mit support.com's 2020 Umsatz über $44M USD kombiniert, beträgt der Gesamtumsatz $56M USD. Beide Firmen zusammen haben einen net cash von $70M USD. Net cash!!

[D] sie haben allerdings 4,812.66 BTC Ende des Jahres 2020 für insgesamt $150M USD gekauft. Sie haben also einige BTC, diese aber nicht selbst gemined.

Wie gesagt, bitte schaut euch den Link zu meiner ausführlichen Gegenüberstellung an (https://www.reddit.com/r/pennystocks/comments/o0l0ra/i_compared_sprt_with_its_two_main_competitors/) aber allein schon anhand dieser Daten kann man sehen, dass Greenidge seinen Konkurrenten eigentlich in jedem Punkt überlegen ist, effizienter mined, mehr Bitcoins generiert und sogar mehr Gewinn macht aber trotzdem nur die Hälfte des Market Caps erreicht.

Berücksichtigen wir nun also die aktuelle Bewertung von Support plus den Wert den Greenidge mitbringt, muss das Market Cap sich meiner Meinung nach mindestens verdoppeln um ähnlich bewertet zu sein wie die direkten Konkurrenten. Der Kurs müsste dementsprechend von 5 USD auf 10 USD steigen.

bei annäherndem market cap zur Konkurrenz steigt der Kurs auf min. 10 USD

POTENZIAL

Ich will euch nicht abschrecken indem ich jetzt damit anfange, dass dieser Kurs sogar noch zu gering ist aber meine ehrliche persönliche Meinung ist, dass dies sogar zu konservativ berechnet ist.

Greenidge wird der erste US Börsennotierte Miner mit eigenem 100% ökologischen green-energy Kraftwerk sein [4]. Green Energy ist in der Krypto Diskussion ein immer wieder aufkeimendes Thema und wird wichtiger und wichtiger. Elon Musk [5] hat vor einigen Tagen das Thema erneut auf den Tisch gebracht als er verkündet hat, dass Tesla BTC wieder akzeptieren wird, wenn 50% der Miner grün arbeiten. Greenidge ist vollkommen CO2 Neutral [6].

Beide Unternehmen befinden sich weiterhin im Wachstum (Greenidge mehr als Support) und haben eine schöne Roadmap mit vielen interessanten Punkten. In dieser Analyse der Zahlen habe ich die Zukunftsperspektiven allerdings nicht berücksichtigt. Nimmt man mit auf, dass Greenidge sein Kraftwerk noch weiter ausbaut (damit noch weiter seinen Vorsprung bei den Energiekosten ausbauen kann) und bis 2022 seine Hashrate auf 2.6 EH/s ausbauen will, dann sieht man wo die Reise hingeht.

Die Roadmap zeigt Greenidge ist noch lange nicht ausgelastet

Geht man dann noch von tendenziell steigenden Bitcoin Preisen aus, dann steigt natürlich auch der Umsatz noch weiter.

Wie gesagt, mir ist wichtig, dass ihr versteht, dass all diese Zukunftsprognosen in der obigen Berechnung überhaupt nicht einbezogen sind. Dort geht es um die Jahresabschlüsse und Bilanzen der Firmen. Alle Daten basieren auf den echten Daten und sind keine Fantasy Dollar, Gerüchte oder mögliche Aussichten.

FAZIT

Ich bin bullish. Das ist klar. Aber ich bin nicht mit den Firmen connected oder so. Ich kannte beide Firmen nicht vor meiner Recherche. Ich habe mir meine Meinung unabhängig gebildet und bin tagelang durch Presseberichte, Jahresabschlüsse und Bilanzen gegangen um alle Daten direkt an der Quelle zu recherchieren.

Ich bin seit einigen Tagen investiert, bin aber kein Finanzexperte. Ich teile mit euch meine Ergebnisse weil ich persönlich davon überzeugt bin. Ich lade euch zur Diskussion ein und habe euch einige relevante Quellen verlinkt.

Meiner Meinung nach, muss der Kurs hoch gehen. Alle Fakten sprechen dafür. Warum er aktuell noch nicht explodiert ist hat meiner Meinung nach zwei Gründe.

1) Kein Hype
2) Die Aktie ist massiv von Instituitionen geshortet. So stark wie kaum eine andere Aktie.

Baut diesen Filter auf Yahoo nach und überzeugt euch selbst.

Schaut euch an wie stark der Short Float in den letzen Wochen anstieg. Diese Aktie wird künstlich unten gehalten. Vielleicht bis der merger stattgefunden hat, ich weiß es nicht.

Die rote Linie zeigt den steigenden short % of float

Ihr könnt diese Ansicht ebenfalls in Yahoo Finance oder anderen Tools nachstellen.

Ich freue mich auf den Austausch mit euch!

QUELLEN

[1] Merger Agreement https://www.sec.gov/Archives/edgar/data/1104855/000119312521091327/d131914d425.htm

[2] Net Cash / Assets Support https://www.investing.com/equities/support.com-financial-summary

[3] Crypto Mining Bill NY https://www.coindesk.com/new-york-crypto-mining-bill-dies-in-assembly-after-passing-state-senate

[4] Offizielle Announcement https://corporate.support.com/wp-content/uploads/2021/03/Greenidge-SPRT-Merger-Announcement-032221-FINAL.pdf

[5] Elon Musk Green-Energy https://www.businessinsider.com/elon-musk-bitcoin-tesla-payment-green-energy-environment-2021-6

[6] Greenidge CO2 Neutral https://www.prnewswire.com/news-releases/greenidge-generation-bitcoin-mining-operation-to-be-carbon-neutral-in-2021-and-beyond-301291782.html


Does Bitcoin affect the price of Litecoin?

Hello everybody! I would like to share with you my concerns about Bitcoins and Litecoins. I wonder if someone can explain to me if the Bitcoin and Litecoins are correlated in some ways? Taking into account that Litecoin actually came after Bitcoin, and they have a lot of similarities.

I think you are already aware that Bitcoin’s recent dramatic fall followed up the fall of Litecoin. Besides, I don’t believe that everything is going to be over soon. I keep tracking the price for both Bitcoin and Litecoin, and the only thing I can say is that everything is so uncertain.

I’ve started my morning by checking the prices for both cryptocurrencies instead of having a cup of coffee. Honestly, the news about cryptocurrencies now wakes me up better than caffeine. Usually, I check the bitcoin graph first since I believe that they are tightly correlated. The chart clearly shows that everything is uncertain and unstable. Even for the past couple of weeks, the price has dropped and increased a couple of times.

https://preview.redd.it/a9dvzswwet571.jpg?width=658&format=pjpg&auto=webp&s=f99870b71abe3b2955b146c69f09b1f6c47517fe

On the other hand, it seems like the situation on the market is trying to stabilize. Still, I have no idea what are factors caused this dramatic fall in the first place? Different news sources and social media tend to blame politicians and large corporations, sometimes even nations. I have absolutely no idea which source is telling the truth. I hope I can find here some mature investors who can share their point of view on how it works.

Besides, if you check the graph of Litecoin, which I’ve posted below, you will see the price for Litecoin is keep falling. I don’t see any correlation between those two at the moment. Still, some sources keep saying that Litecoin is tightly linked to Bitcoin, while graphs say the opposite things. Or, perhaps it is just a short-term scale?

https://preview.redd.it/8tx2cflyet571.jpg?width=690&format=pjpg&auto=webp&s=60ca9ebade575c06d90d77746ff42dc09a376904

Anyway, thank you for your time reading my concerns about cryptocurrencies. I would be happy to read about your thoughts and concerns regarding the current events in the crypto market.


Cardano Rumor Rundown June 17, 2021

Hey Everyone!

Let's go...

Newly covered today:

  1. The five hour Charles/Lex Fridman podcast has dropped. This is a big deal. This is a fairly mainstream podcast with over 1 million subscribers. https://youtu.be/FKh8hjJNhWc
  2. Politicians in the legislative branches of Panama and Paraguay have now announced intentions to introduce crypto-related bills into their respective legislative assemblies. https://twitter.com/gabrielsilva8_7/status/1401965129051389958

Previously Covered but still interesting:

  1. Charles makes the case for collaboration with Starlink in Africa. https://twitter.com/IOHK_Charles/status/1392916783854616577
  2. People are starting to realize what the real value of NFTs will be. It’s not in collectibles. https://twitter.com/RaoulGMI/status/1392939118355783682
  3. The Cardano Development Update for this week is out. https://roadmap.cardano.org/en/status-updates/update/2021-05-14/
  4. The Cardano 360 team also dropped a video with specific mid-month Alonzo testnet updates. At the timestamp in the link below the vid lays out the various test groups and when they will participate. https://twitter.com/InputOutputHK/status/1393258090703826944 https://youtu.be/5mPC4uLMdEw?t=532
  5. We are seeing some small pools retiring. We’ll obviously see more and more of this as time marches on. But, here’s a salute to the small pools that gave it a go! This SPO also brought us poolpeek.com which we have covered here before. https://twitter.com/CardanoBudz/status/1393252321845465088 www.poolpeek.com
  6. John O’Connor on CNBCAfrica! He gave a really good explanation of how Africa with it’s already very high adoption of mobile payment wallets can leapfrog the legacy payment systems currently in use in more developed countries. He also reiterated that Cardano will expand to five countries this year and 20 next year! https://youtu.be/RET8hIQQLUA
  7. This tweet by u/TheADAApe pretty much sums it all up. When people ask me how I knew, I’m going to point them to this post. https://twitter.com/ArmySpies/status/1393606491110662146
  8. To hear about something truly good happening in the Cardano ecosystem check out this interview with Mickey Watkins, CEO of World Mobile, on the Hotel Cardano podcast. Really good details on World Mobile's connecting the unconnected in sub-Saharan Africa! https://youtu.be/L15bn_b2moA
  9. What if these two got to talking about what Atala Prism could bring to the table for students in the city of Miami? https://twitter.com/IOHK_Charles/status/1393574632305868805
  10. The saga of BTC maximalists being angry at Elon continues with Elon implying that Tesla could sell its BTC while Cardano continues just doing its thing like normal. https://twitter.com/elonmusk/with_replies
  11. Likewise, Marc Cuban tried to FUD real world use of Cardano only to be confronted with a giant infographic of use cases and partnerships along with an explanatory video just for him. https://twitter.com/mcuban/status/1393646131708665858 https://twitter.com/IOHK_Charles/status/1393689887648272384
  12. Initial Stakepool Offerings (“ISOs”) are here. Crypto is no stranger to novel means of capital formation and now the Cardano ecosystem is getting in on the action. Here is SundaeSwap’s explanation of how ISOs will work. https://sundaeswap-finance.medium.com/iso-sundae-with-the-works-c5c335101ef5
  13. ICYMI, Manuel Chakravarty reminds us all that his Cardano Summit 2020 talk is publicly available for questions on native assets. Really interesting discussion of the asset identifier just being a hash of the policy script and how that helps create a super lightweight easy to use system. https://twitter.com/TacticalGrace/status/1394263629088923649
  14. Elon confirms that Tesla has not sold any BTC. https://twitter.com/BTC_Archive/status/1394051036462071808
  15. Charles makes a whole video about how to fix Doge. https://youtu.be/iQd9XjEm8EE
  16. The Ecosystem is getting even bigger every day we inch closer to Alonzo! https://twitter.com/TyIsDigital/status/1394345977952284676
  17. The Cardano Foundation is out to do something incredible with supply chains as described in the fireside chat! In his previous Cardano Live appearance, Frederik Gregaard, CF CEO, also expressed a very healthy and sustainable perspective on what DeFi should become. He compared the current state of DeFi to just moving funds from your left pocket to your right pocket and taking profit. https://youtu.be/d8uPMZplfeM https://youtu.be/xbMSQUA1lss
  18. The ISO model entering the capital formation toolbox in Cardano is going to make the stake pool game extremely interesting with SPOs scrambling to find the right balance between rewarding ADA and giving their delegators other things like tokens. Some stake pools could even become like portfolio funds with relationships with many different projects the tokens of which are given to delegators. Babel Fees could also play a role here for smart SPOs as they may allow access to a wide variety of tokens in the ecosystem that could be used to reward delegators with a sort of index fund exposure to a wide variety of Cardano projects.
  19. May Cardano 360 coming one week from today (always the last Thursday of the month). https://twitter.com/InputOutputHK/status/1395117067960045569
  20. New delegations from IOHK are out. Congrats to the selected SPOs. https://twitter.com/InputOutputHK/status/1395087751746310156
  21. The Cardano Foundation has released the full video of the Fireside Chat with Eva and Fred. Lots of questions answered on a variety of fronts. Very interesting remarks including that in discussions with financial institutions, Fred has found they are interested in exposure to the alpha provided by the asset class in general, tokenization of assets, and the yield provided by staking rewards. Fred counters that they SHOULD be far more interested in the Cardano standard including the concepts of reference accounts, programmability of money, and transaction metadata. https://youtu.be/JW6s9Jkyazg
  22. In a video press release yesterday, the Fed finally admitted that it’s moving toward a central bank digital currency (just like every other central bank). This will eventually be impactful on Cardano and every other crypto ecosystem. https://youtu.be/WOAQxpG79Ag
  23. The Treasury is trying to figure out how to get cryptocurrency regulation in a headlock. This will probably go hand-in-hand with the Fed’s March toward a CBDC. Afterall, what good is all the tracking and monitoring afforded by a CBDC if it’s easier for everyone to just use a non-central bank digital currency? Tax evasion in crypto is also obviously a target problem since we know only about 800 people a year paid taxes on crypto in 2013-2015. https://www.cnbc.com/2021/05/20/us-treasury-calls-for-stricter-cryptocurrency-compliance-with-irs.html https://home.treasury.gov/system/files/136/The-American-Families-Plan-Tax-Compliance-Agenda.pdf https://www.businessinsider.com/bitcoin-taxes-overview
  24. The Cardano Foundation has released the full video of the Fireside Chat with Eva and Fred. Lots of questions answered on a variety of fronts. Very interesting remarks including that in discussions with financial institutions, Fred has found they are interested in exposure to the alpha provided by the asset class in general, tokenization of assets, and the yield provided by staking rewards. Fred counters that they SHOULD be far more interested in the Cardano standard including the concepts of reference accounts, programmability of money, and transaction metadata. https://youtu.be/JW6s9Jkyazg
  25. In a video press release yesterday, the Fed finally admitted that it’s moving toward a central bank digital currency (just like every other central bank). This will eventually be impactful on Cardano and every other crypto ecosystem. https://youtu.be/WOAQxpG79Ag
  26. The Treasury is trying to figure out how to get cryptocurrency regulation in a headlock. This will probably go hand-in-hand with the Fed’s March toward a CBDC. Afterall, what good is all the tracking and monitoring afforded by a CBDC if it’s easier for everyone to just use a non-central bank digital currency? Tax evasion in crypto is also obviously a target problem since we know only about 800 people a year paid taxes on crypto in 2013-2015. https://www.cnbc.com/2021/05/20/us-treasury-calls-for-stricter-cryptocurrency-compliance-with-irs.html https://home.treasury.gov/system/files/136/The-American-Families-Plan-Tax-Compliance-Agenda.pdf https://www.businessinsider.com/bitcoin-taxes-overview
  27. Charles has now added the Jack Dorsey edition to his series of “Let’s Educate Crypto Adjacent Celebrities” videos. https://youtu.be/lMZ1xQzWtl4
  28. ...and still...KINGS OF THE GITHUB! May our reign never end. https://twitter.com/ProofofGitHub/status/1395771379929255945
  29. Some banks still won’t allow customers to buy crypto with their accounts. In 2021, this is still a thing. https://twitter.com/CryptoCardano_/status/1395933037192437763
  30. Even the Pope is condemning Proof-of-Work? At least, that’s how the crypto community took a recent tweet. https://twitter.com/Pontifex/status/1394993742226939905
  31. Apparently, you can now have your own Stakepool run for you for $122/month in a Stakepool-as-a-Service arrangement. https://twitter.com/ChrisGraff/status/1396169061487333380
  32. If you want to see how the Cardano NFT space has been heating up, you can check out CNFT resale listings at Lovelace Marketplace. https://lovelacemarketplace.io/all-categories/
  33. Ethiopia awards new Telecom license as promised. The winner, a consortium including Vodafone, Safaricom, and Sumitomo; will invest $8 billion in their network in Ethiopia in the next 10 years and will cover the country in 4G. https://www.bloomberg.com/news/articles/2021-05-22/ethiopia-awards-new-telecoms-license-to-vodafone-consortium https://twitter.com/AbiyAhmedAli/status/1396060475184533505
  34. Check out this new infographic explaining how World Mobile Works! https://blog.worldmobile.io/post/how-world-mobile-is-connecting-the-unconnected-infographic/
  35. Cardano hits 1MM wallets! https://twitter.com/Cardano/status/1396331888093061121
  36. Set your calendars! The May Cardano 360 is this Thursday! https://twitter.com/Cardano/status/1396331908632653830
  37. Charles releases a 90 Day Countdown to Alonzo video. https://youtu.be/u6negi1yAQQ
  38. Institutional inflows into Cardano get some coverage by the crypto press. https://cointelegraph.com/news/cardano-sees-largest-weekly-inflows-from-institutional-managers-coinshares
  39. Charles and Kim Dotcom have a conversation about PoW miners possibly fleeing China with all of their hardware. https://twitter.com/KimDotcom/status/1396964996693708801
  40. Cardano gets a little coverage on NBC for it’s energy efficiency. https://www.nbcnews.com/tech/tech-news/cryptocurrency-goes-green-proof-stake-offer-solution-energy-concerns-rcna1030
  41. Plutus Pioneers Lecture #7 is out. https://youtu.be/_EDJt55vOB0
  42. Yesterday was ADA Payday with the end of Epoch 267. I hope everyone made lots of sweet delicious staking rewards! https://adapools.org/epochs
  43. Paypal moving away from the “walled garden” model. This is decentralization teaching the legacy institutions a lesson. https://www.coindesk.com/paypal-will-let-customers-withdraw-crypto-exec-says
  44. Charles is interviewed on Yahoo Finance where he explained: 1) how the lack of an obvious decentralized governance system in ETH and BTC will cripple their efforts as they attempt to scale and the founders/core developers start losing prominence, 2) the ADA EUTXO system is vastly more scaleable with it’s local state being so much more amenable to sharding than ETH’s global state system, 3) Cardano has a high willingness to bring on users in hypergrowth areas like Africa where ETH seems to have little interest, and 4) ETH does not seem to be as highly concerned with interoperability which might become highly valuable in the future. https://twitter.com/YahooFinance/status/1397593275826151424
  45. Cardano 360 is tomorrow. Don’t miss it if you want to hear about all the awesome things happening with Alonzo (smart contracts), Hydra (scalability), and everything else! https://twitter.com/InputOutputHK/status/1397549347592675338
  46. The May Cardano 360 was yesterday and we had lots of updates including the Color Coding for the different stages of the testnet! https://www.youtube.com/watch?v=SS33gRj9JYE
  47. Alonzo “Blue” Era Testnet (through mid June; <50 user cohort) will include the basic functionality of the system for testing basic contracts . Initially the SPOs will be included, then some of the Plutus Pioneers will be allowed in, then a few of the outside development firms (Plutus Partners). The Plutus Partners will be working on specific areas including oracles, DEXs, stablecoins, NFTs, and DeFi. This will produce code and documentation that will be publicly available.
  48. Alonzo “White” Era Testnet (mid June to mid July; <500 user cohort) will add more Plutus Pioneers and more functionality. They will develop various dApps and there will be interaction on the user side of these dApps. They will do some benchmarking at this stage.
  49. The Alonzo Hard Fork Combinator Event requires a lot of different pieces come together at the same time. But, this is not their first rodeo and they have a lot of experience with this from the ITN, Shelley, and etc.
  50. Alonzo “Purple” Era Tesnet (mid July to mid August; fully public) will involve a full public network with all of the Plutus pioneers, the Rosetta Api to the exchanges, Daedalus, hardware wallets, graphQL, and full functionality. The purpose of this phase will be optimization.
  51. Alonzo “Red” Era Tesnet (August; a very short phase) will involve a new network where they can test scalability and stability.
  52. Alonzo “Black” Era Tesnet (August; a very short phase) will be the final public testnet where they will ensure they have their candidate mainnet releases ready to launch on the mainnet.
  53. They are committed to making sure there is a very large group of people who are familiar with using the Alonzo testnet by the time the mainnet launches.
  54. Alonzo Mainnet (August-September). It’s looking like Alonzo mainnet launch was positioned in very late August through September in the infographics. That makes me assume there is a chance of August, much better chance of September, and also some chance of October or later. This is blockchain development after all. Also, we’ve waited years. Why care about a few weeks?
  55. There will be another Plutus Pioneers Cohort later this summer.
  56. Marlowe Run will be a browser product that can run on mobile or desktop. It can be linked to your wallet and be used to run Cardano smart contracts simultaneously on a distributed basis across multiple user browsers. The user interface is light years ahead of anything we saw in Marlowe Meadow or the Marlowe Playground simulations. It will include a library of off-the-shelf contracts.
  57. There will be a Marlowe Webinar on June 3. Register here: https://webinar.marlowe-finance.io/
  58. The ERC-20 converter was looking very intuitive and seamless in the new demo. It should be on the testnet in June.
  59. Manuel Chakravarty gave a big update on Hydra (layer 2 scaling). Hydra will not require that the base layer be modified since it will be implemented via Plutus smart contracts. Hydra is actually a collection of protocols including Hydra Head and Hydra Tail. Hydra Head is a symmetric protocol where multiple participants will be online simultaneously for the whole period of the head exchanging messages. Hydra Tail is an asymmetric protocol involving a high performance server and many clients that may be mobile and could be offline for large portions of the tail’s existence. There will also be “inter head & tail networking” which will allow for a network of heads and tails. They have a published research paper on Hydra Head. They are currently writing the Hydra Tail paper.
  60. Hydra is distinguished from other layer 2 protocols by its isomorphic properties. This means you will be able to run any smart contract that works on the base layer in a Hydra Head! This is very special. We won’t need special purpose contracts built out just for layer 2. There are some big implications to this. Since a Hydra Head is essentially just a Plutus smart contract, this means you can run a Hydra Head inside another Hydra Head. It’s turtles all the way down, guys. It sounds like they can do this iteratively as much as they want.
  61. Aggelos also gave a good presentation on the importance of “skin in the game” in resource based consensus protocols (both proof-of-work and proof-of-stake) and its effect on promotion or discouragement of centralization. He explained how Ouroboros has built-in safeguards to prevent centralization including the K parameter (currently at 500) which caps total rewards per pool and the alpha parameter (currently at 0.3) which splits rewards into a 77% piece and a 23% piece. A pool can take its share of the 77% piece based on the pool’s total stake and its share of the 23% piece based on the pledge of the SPO. A higher alpha parameter makes it less attractive for individual SPOs to proliferate multiple pools since they can’t be as leveraged on their available pledge and still get as big a share of the 23% piece. This also discourages Sybil Attacks. As Cardano on-chain governance progresses, these parameters will be controlled by the community.
  62. There will be a Cardano Goguen Summit in September. It will be hybrid digital/in-person.
  63. Charles is helping to bring the cryptographer who broke SHA-1 to the University of Wyoming. The Cardano funded blockchain lab there could be on the road to be a powerhouse. https://twitter.com/CaitlinLong_/status/1398290866419105802 https://en.wikipedia.org/wiki/Yiqun_Lisa_Yin
  64. We don’t often get to hear from the engineers behind Yoroi over at Emurgo. But, here’s a podcast with Vicente Almonacid from Emurgo. Check out 12:50 where he mentions the dApp Connector (Cardano’s Metamask Equivalent). https://twitter.com/vacuumlabs/status/1397847633696280576
  65. Check out this great article from Cardanians.io on the work being done at the University of Wyoming on a physical chip for transfer of private keys in day-to-day cashlike transactions. https://cardanians.io/en/cardano-can-give-crypto-a-cash-like-experience-58
  66. Professor Aggelos Kiayias recently dropped a video explaining exactly how Mithril (apparently neckbeard dungeon master talk for elf armor) is going to allow for Perfect Cardano (ADA) wallets that combine the ease of use and convenience of light wallets with the trustlessness of full node wallets. We also learned exactly how Mithril is going to work. https://youtu.be/LhepJFCyWRk
  67. In proof-of-work, bootstrapping can be done with blockheaders. This won’t do in proof-of-stake since we need information about stakeholder distribution to confirm block validity.
  68. Mithril fixes this by being a cryptographic construction that enables a population of stakeholders to issue a signature consistent with certain constraints.
  69. For Mithril to work in proof-of-stake, it needs three crucial properties: 1) it needs to enforce a threshold ratio of stakeholders before the signature is issued; 2) the pre-signature fragments must be independently verified and subject to public aggregation; and 3) it must be efficient in the sense that the final signature is of constant size and is logarithmically dependent on the # of stakeholders.
  70. Stakeholders will issue special Mithril keys along with the normal cryptographic key material. Then at regular intervals, full nodes will test whether they can produce a pre-signature fragment. Only a random subset of stakeholders will be eligible to produce a pre-signature fragment. When a sufficient # of pre-signature fragments have been issued by eligible stakeholders then it will be possible to aggregate the fragments into a final signature.
  71. This will be a checkpoint that will be verifiable with respect to previous check points all the way back to the genesis block. Such checkpoints will be cryptographic commitments of the relevant UTXOs.
  72. Since the checkpoints will be trustless, a light client (i.e. wallet) will only need to verify the sequence of checkpoints up to the current time to trustlessly bootstrap.
  73. The ecosystem is growing so fast, it’s hard to keep up with all the projects without these infographics at this point. https://twitter.com/Dr_shwetaPHD/status/1398783893638103040
  74. The Cardano subreddit is at 487k users. Half a million isn’t far away. https://www.reddit.com/r/cardano/
  75. Epoch 268 is a wrap as of yesterday with 22.83 billion ADA staked. https://adapools.org/epochs
  76. Check out the telegram AMA tomorrow with the CEO of World Mobile! https://twitter.com/ZwijBerg/status/1399377659105320962
  77. A very interesting stat on Cardano user growth. https://twitter.com/cex_io/status/1398959088684445699
  78. Don’t forget, the Marlowe webinar is this Thursday! https://twitter.com/InputOutputHK/status/1399444331556225027
  79. More and more people in the youtube sphere are jumping on the Cardano train. https://twitter.com/techleadhd/status/1399398373384351744
  80. Reuters reports on an EU digital identity wallet project. https://www.reuters.com/business/finance/eu-step-up-digital-push-with-digital-identity-wallet-2021-06-01/?taid=60b6e171efd84f0001b64ae1&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
  81. The U.S. Currently has Issued Sanctions on Ethiopia, but they are not all-encompassing economic sanctions as with rogue nations, they have just barred entry into the U.S. for certain government personnel. https://www.nytimes.com/2021/05/24/world/africa/ethiopia-us-sanctions-tigray.html
  82. Vitalik is saying it’s highly unlikely we see ETH 2.0 before late 2022. I’m guessing that means mid 2023 which will be after two years of Cardano slaughtering the entire ETH user base. Things are looking so bad that Vitalik says he doesn’t even like using the ETH 2.0 label anymore since he knows the changes will be more incremental. This is what early capitulation sounds like guys. https://cointelegraph.com/news/even-vitalik-buterin-is-surprised-at-just-how-long-eth2-is-taking
  83. Cardano-Nervos cross-chain bridge to be built. This would be at least the second cross-chain bridge after the Cardano-AGI bridge. https://www.coindesk.com/cardano-nervos-force-bridge-network-first
  84. Sundaeswap ISO delayed due to regulatory concerns. This brings up interesting questions for the whole space about requesting regulatory permission vs. possibly being forced to ask for forgiveness. https://www.sundaeswap.finance/posts/iso-update
  85. Tim Harrison has announced that the transition to Alonzo Blue was successful. https://twitter.com/timbharrison/status/1400481879883649034
  86. Finally, 500k users in the Cardano Subreddit! https://www.reddit.com/r/cardano/
  87. We got a nice update on the first week of Alonzo Blue. https://twitter.com/InputOutputHK/status/1400876181122174977
  88. And….still! Kings of the github! https://twitter.com/CryptoDiffer/status/1400744567956180993
  89. Epoch 269 is in the bag with active stake of 22.77 Billion. Hope everyone made lots of delicious staking rewards! https://adapools.org/epochs
  90. Binance has 63 stakepools charging 6%. Please stop paying so much for the right to stake your ADA. You don’t have to pay that much. You have a huge number of better options. You are literally giving away your ADA rewards to a large corporation. It’s easy: just download the Yoroi Chrome extension, send your ADA there, and pick from the 2k+ available stakepools right inside Yoroi. https://twitter.com/BraveHeartStak3/status/1401204563189940231 https://adapools.org/groups/binance-20 https://play.google.com/store/apps/details?id=com.emurgo&hl=en_US&gl=US
  91. Nigeria Bans Twitter after Twitter censors Tweet from Nigerian President. This emphasizes the need for decentralized social media. A decentralized solution running on Cardano could fix this. https://www.cnn.com/2021/06/04/africa/nigeria-suspends-twitter-operations-intl/index.html https://www.youtube.com/watch?v=JilEb42q-CI
  92. A Really Big Deal: El Salvador is on the verge of making Bitcoin legal tender in the Central American nation. https://www.youtube.com/watch?v=3uGOfqN2y9k
  93. This could have huge ramifications for bank and accounting treatment of Bitcoin potentially including that banks might suddenly be allowed to handle Bitcoin as a foreign currency. Today it was BTC. But, wait until they find out what Cardano can do. https://twitter.com/CaitlinLong_/status/1401334421773504517
  94. Nayib Bukele, President of El Salvador, also clarified that there will be no capital gains taxes on Bitcoin since it is a “legal currency” and crypto entrepreneurs will be given instant permanent residence. https://twitter.com/nayibbukele/status/1401622548396314631
  95. Bitcoin enthusiasm seems to be off to a great start among other Latin American politicians after the fervor around the El Salvador announcement. This will serve as a great gateway drug that only leads to Gen 3 projects and Cardano. https://twitter.com/gilson__marques https://twitter.com/carlitosrejala https://twitter.com/gabrielsilva8_7/status/1401965129051389958 https://twitter.com/FabioOstermann
  96. We are always the Github Kings. It’s amazing. https://twitter.com/CryptoIRELAND1/status/1402011593995603975
  97. Charles basically just laid out what 4th Gen Cryptos are going to be all about in his video yesterday. https://www.youtube.com/watch?v=nkr1EKQrVeQ
  98. Here’s a good Emurgo blog article on the use of Emurgo Trace in the Oil and gas industry. https://twitter.com/emurgo_io/status/1402339278097502210
  99. IOHK gives us a closer look at everything being upgraded for Alonzo. https://iohk.io/en/blog/posts/2021/06/08/a-close-look-at-the-software-running-cardano/
  100. We’re currently at 71.52% of ADA staked. This is a pretty incredible ratio and shows the strength of the Cardano community. https://twitter.com/CardanoPoolPeek/status/1402378400803794950
  101. SEC Commissioner Hester Pierce warns about the regulatory impulse being displayed by her colleagues toward crypto and the impact it could have on the stifling of innovation. https://www.ft.com/content/ae0d40a1-8a4a-4885-a6a7-b157e27b3311
  102. El Salvador passes the statute to make Bitcoin legal tender in the country. https://twitter.com/nayibbukele/status/1402827595339681794
  103. Cardano gets more positive coverage on the Nasdaq website with a second article following the one from April 7 earlier this year. https://www.nasdaq.com/articles/be-part-of-a-historic-crypto-moment-with-cardano-2021-06-08
  104. Prof. Aggelos Kiayias releases an article on a tri-coin system called Stablefees that could fix the problem of appreciating transaction fees in crypto. https://iohk.io/en/blog/posts/2021/06/10/stablefees-and-the-decentralized-reserve-system/
  105. There’s very interesting speculation circulating out there about how El Salvador’s Bitcoin adoption might impact relationships with the U.S. and the IMF. https://twitter.com/cardano_whale/status/1403136968456765443
  106. Elizabeth Warren is now talking about the U.S. needs to regulate crypto. https://twitter.com/BloombergTV/status/1402749016845262851
  107. The mid-month Alonzo development update from IOHK is out. Alonzo blue is in full swing and they are working on “hello world round trips” going from the node to the ledger and back. Plutus Partners (third party functional dev firms) are working on different use cases ahead of the Alonzo launch. https://twitter.com/InputOutputHK/status/1403314932968574981
  108. Miniswap gives us the dev perspective on why Cardano’s Plutus is such an improvement over Ethereum’s Solidity. https://twitter.com/MinswapDEX/status/1403411522110427137
  109. Here’s a great ETH vs. Cardano DeFi project comparison infographic. https://twitter.com/Coin98Analytics/status/1403397242707320835
  110. Charles recorded for the Lex Fridman Podcast. It went over five hours. This is a big deal given that Lex has 1.12 million subscribers and it’s closer to mainstream than a crypto audience. https://twitter.com/IOHK_Charles/status/1403498549300584448 https://www.youtube.com/user/lexfridman
  111. The Marlowe Webinar with Shruti is now available on youtube. Very interesting discussion of DeFi in general and also specific topics like “deep interoperability” in DeFi. Cardano is obviously already doing the very involved thinking about the future of DeFi. https://youtu.be/vzsUSG5CSj0
  112. John O’Connor recently tweeted about a day where he “wrote a letter to a president” and “found a million users to bring into Cardano”. Sounds like the Cardano train is rolling along as smoothly as ever in Africa. https://twitter.com/jjtoconnor/status/1402565547716399104
  113. Zach Guzman and Mike Novogratz get an opportunity to prove once again how extremely threatened they are by the fact that they can’t frontrun Cardano at this point. https://twitter.com/IOHK_Charles/status/1404100510525841408
  114. John O’Connor appeared on the Disrupt Network Podcast. bit.ly/3znqyB7
  115. President of Tanzania calls on the central bank to prepare for the adoption of cryptocurrencies and blockchain technology. I wonder what crypto ecosystem already has experience working with an African government on a big crypto project and has partnered with a mobile company that is already bringing connectivity to rural Tanzania? https://twitter.com/DocumentingBTC/status/1404126444863766533
  116. Hedgefund Billionaire Paul Tudor Jones tells the world to buy crypto and certain other assets if the Fed doesn’t address inflation in their policy meeting that concludes on Wednesday. JP Morgan’s Jamie Dimon concurs that the current inflation is very likely not transitory. This could be tremendously good timing for Cardano given our top five status and the impending mainnet launch of smart contracts. https://www.cnbc.com/2021/06/14/paul-tudor-jones-says-bet-heavily-on-every-inflation-trade-if-fed-keeps-ignoring-higher-prices.html https://www.cnbc.com/2021/06/14/jamie-dimon-jpmorgan-is-hoarding-cash-because-very-good-chance-inflation-here-to-stay.html
  117. With exploits like this one being all too common in the legacy smart contract networks, we’re not even going to have sell the Cardano use case for DeFi. The competitor networks have already made the case that something better must be on the way. https://twitter.com/zapper_fi/status/1404429179794362369
  118. World Mobile CEO tweets out a tantalizing response to the Tanzanian President’s call for her nation’s central bank to prepare for crypto. https://twitter.com/MrTelecoms/status/1404375153191141377
  119. If you are new to Cardano and you would like to get a handle on the terminology involved in the ecosystem, you may want to check out these Cardano flashcards produced by Coconut Pool. https://twitter.com/coconut_pool/status/1403442954434269185
  120. While renewable energy is certainly a wonderful thing, there may be a problem with your technology when your path to compete on clean energy consumption involves you talking about harnessing the power of a whole series of volcanoes. Maybe just use fewer volcano’s and more proof-of-stake? https://twitter.com/_eLaPs_/status/1404125569093029889 https://twitter.com/gladstein/status/1402718041557725184

~Army of Spies