Tuesday, November 23, 2021

Are we really in a new type of market?

I saw a post talking about how the crypto market cycles as we knew them over the last 8-10 years are about to change.

This is what we have known so far:

Bear Market > Bitcoin halving event > Bitcoin price increases > Bull market > Alt coin mania > Bear market.

Given that blockchain technology is closer today than its ever been before towards mainstream adoption (institutional investment, 4th industrial revolution, real utility cases, web3 etc.), do you think that this change is already here or do you think that we are still far off?

Big Upcoming Events in The Crypto World That You Can Consider Attending

There is no better way to expand your blockchain knowledge than to be a part of interesting discussions and events. Online platforms have been offering this to people for years now but attending such an event offers great exposure. I have personally been to many such events and it has always been fun to meet like-minded people in person. I have got to learn so much about this industry that no internet search could have taught me.

Here are some of the most talked-about events of 2021 that must be on your list to visit: 1. Blockchance Europe 2021: The international BLOCKCHANCE EUROPE 2021 is Germany's leading B2B conference and trade fair on blockchain technology and also one of the biggest in Europe. It will take place from December 8 to December 10 in the building of Hamburg’s City Hall for the third time. Around 1,500 participants, 200 investors, 120 international speakers, and 50 exhibitors are expected. Highlights of the conference are a €100,000 startup award, a one-day Artificial Intelligence Summit, DIY-Workshop’s and a sustainable and interactive networking area, as well as a unique supporting program with VIP Breakfast, Gala Dinner, Cinema Night, and the legendary After Glow Party.

International Conference on Smart Contracts and Blockchain ICSCB: The International Research Conference is a federated organization dedicated to bringing together a significant number of diverse scholarly events for presentation within the conference program. It will take place from January 14th to 15th. Events will run over a span of time during the conference depending on the number and length of the presentations. With its high quality, it provides an exceptional value for students, academics, and industry researchers. International Conference on Smart Contracts and Blockchain aims to bring together leading academic scientists, researchers, and research scholars to exchange and share their experiences and research results on all aspects of Smart Contracts and Blockchain.
The North American Bitcoin Conference: You’re there to learn. Let’s do it. Join hundreds of the most influential speakers as they deliver compact crypto masterclasses. It will take place from January 17th to 19th. Dive into conversations and discuss the state of cryptocurrency with industry pioneers and innovators. Keynote programming is focused on real-time topics and trends and offers attendees honest perspectives and strategies to impact their future with cryptocurrency. Listen as the most brilliant minds teach us about global adoption of blockchain technology, institutional investment (inc. Grayscale, Microstrategy, ETFs, NFTs), geopolitical threats, and the newest opportunities in blockchain (inc. regulatory sandboxes, restrictions). Discuss decentralized finance (inc. DeFi, “Ethereum killers”, yield farming), central bank digital currencies (inc. Stablecoins, Tether), and much much more.
Paris Blockchain Week Summit Paris Blockchain Week Summit is the biggest Blockchain & Digital Assets event in Europe gathering 2500 attendees, 170 speakers, 100 media partners, and 70 sponsors from all around the world. On April 13 & 14 2022, join them for two days of insightful talks and workshops held by the leaders and influencers of the crypto ecosystem. I think these events are a lifetime experience and you should definitely attend some. Have you been to any such events in the past? What did you learn there?

Tamp report - gold and silver hurt vs dollar, but gold/bitcoin ratio unaffected, theory still holding

Yesterday's "tamp" was a useful opportunity (from my point of view) to test my bitcoin gold ratio theory. A "dollar in a day" event in silver and 2% in gold should have disrupted the ratio if it was not being managed. So this is what the tampers achieved with respect to the dollar:

First silver, because this is WSS:

Silver - down a dollar

Down 2% against the \"strong\" dollar

And this is the failed gold tamp with respect to bitcoin:

Down 0% against \"weak\" bitcoin

The ratio, and the theory (for now) are holding. Bitcoin is not allowed to rise above 1 kg of gold, and bitcoin gets tamped along with gold to make sure this is maintained.

I remain convinced that it is China that is not doing the allowing.

Cardano Rumor Rundown November 23, 2021

Hey Everyone!

Let's go...

Newly covered today:

Apparently, we have surpassed 20MM transactions on the Cardano network. https://twitter.com/CardanoTech/status/1462805643874680835
World Mobile gives a peek at their aerostat hanger where they will launch balloons to connect the unconnected in Africa. https://twitter.com/WorldMobileTeam/status/1462715361015521280
Pavia has dropped some very cool images of their avatars (or at least “background characters”). https://twitter.com/Pavia_io/status/1461713781122232327
Remember, Cardano 360 is the last Thursday of every month. That means this Thursday, November 25th! https://twitter.com/InputOutputHK/status/1462793042587443206
Jerome Powell is named to a second term as Chairman of the Federal Reserve. https://www.wsj.com/articles/biden-will-tap-jerome-powell-for-new-term-as-fed-chairman-11637589600
We got another Plutus Application Backend (PAB) release today (11.22)! https://github.com/input-output-hk/plutus-apps/releases/tag/v2021-11-22
CMC is now showing Cardano native assets! https://twitter.com/matiwinnetou/status/1462902025633554444

Previously Covered but still interesting:

Remember! There is no mobile Daedalus wallet. There is no browser extension version of Daedalus. These are fakes! They will steal your ADA. https://twitter.com/InputOutputHK/status/1445380773096398853
The “Zombie Lobster” collaboration between Charles Hoskinson and Paul Oakenfold is actually getting coverage by the EDM media outlets! https://edm.com/news/paul-oakenfold-album-cardano-blockchain
dcSpark releases some mockups from the experimental version of its upcoming Flint Wallet. The mockups seem to indicate that the wallet will allow for dApp interaction from hardware wallets. https://twitter.com/FlintWallet/status/1444902727956508674
Charles is interviewed in the Harvard International Review. https://hir.harvard.edu/charles-hoskinson-1/
The Biden Administration has revealed that it is considering an executive order to establish a government wide approach to crypto regulation. https://www.bloomberg.com/news/articles/2021-10-08/white-house-weighs-wide-ranging-push-for-crypto-oversight
The New York Times is now talking about the difficult balancing act the Fed has before it with high inflation and less than promising jobs data creating conflicting priorities. https://www.nytimes.com/2021/10/08/business/economy/fed-jobs-full-employment-inflation.html
Representative Tom Emmer clashes with SEC Head Gensler over the direction of crypto regulation. However, it’s unclear how much Rep. Emmer’s solution (his Securities Clarity Act bill) would solve the problem given that it only relieves issuers of securities regulation burdens after they have already complied with the “registration or exemption” hurdle. https://twitter.com/RepTomEmmer/status/1445465912375590913 https://emmer.house.gov/2021/7/emmer-introduces-legislation-to-provide-certainty-for-digital-assets-under-securities-law
Caitlin Long revisits the articles she wrote years ago about fears of circulation credit in crypto markets. Spoiler: it came and crypto did it to itself. https://twitter.com/CaitlinLong_/status/1446874905241210880
COTI is a licensed payment institution in Singapore. This could get very interesting given their status as the issuer of Djed and the ongoing Monetary Authority of Singapore Blockchain Challenge in which Cardano is a finalist. https://cotinetwork.medium.com/coti-lists-as-a-payment-institution-in-singapore-666c6fcaaab4
Goldman says Evergrande is nothing compared to the potential $8.2 Trillion problem with local government financing vehicles in China. https://www.forbes.com/sites/williampesek/2021/09/30/goldman-flags-82-trillion-threat-worse-than-china-evergrande/?sh=3296c9d515cc https://www.wsj.com/articles/beyond-evergrande-chinas-property-market-faces-a-5-trillion-reckoning-11633882048
Cardano isn’t wrong about Africa. It’s just first. Google is investing $1 Billion in African internet access over the next five years. https://techcrunch.com/2021/10/06/google-confirms-1b-investment-into-africa-including-subsea-cable-for-faster-internet/ https://twitter.com/ghostchainer/status/1445964578257395714
SEC Commissioner Hester Peirce (cryptomom) delivers an opinion piece that investors should be allowed to make their own decisions without SEC paternalism. https://www.cnn.com/2021/10/11/perspectives/sec-commissioner-investors-regulators/index.html
COTI has another AMA that reveals there may be more news soon for Djed. https://twitter.com/theCOTIinvestor/status/1447546724868935684
Heads up: scammers are posing as Yoroi support staff! https://twitter.com/YoroiWallet/status/1446554949782016009
Catalyst Fund 6 has 711 projects on the ballot! https://twitter.com/InputOutputHK/status/1448015757216976903
Coinbase is launching an NFT market. How will this impact the CNFT scene? Coinbase tells us: “...initial launch will support Ethereum based ERC-721 and ERC-1155 standards with multi-chain support planned soon after.” https://blog.coinbase.com/coinbase-nft-is-coming-soon-join-the-waitlist-today-for-early-access-cc7bac29fd72 https://www.cnbc.com/2021/10/12/coinbase-is-launching-a-marketplace-for-nfts.html
Eric Rosengren (who recently left the Boston Fed) let’s us know that the Fed/MIT CBDC project is pretty far along and will release a working paper soon. This would obviously be impactful for all of crypto and for Cardano. https://youtu.be/ivqFo9C2Jdo?t=409
The first project that actually looks like it may one day be a virtual world launches on Cardano and it already has a community built parcel explorer. https://pavia.luiscarlos.pt/
SEC Commissioner Hester Peirce (cryptomom) gave a polite but scathing speech at the Texas Blockchain Summit where she laid bare all the problems with the SEC’s current approach to crypto. After her recent opinion piece and this speech, it’s fair to say that she and SEC Chairman Gensler are in open war over crypto. How this gets resolved will determine the regulatory landscape for Cardano and all of crypto going forward. Sadly, Gensler is in charge and not vice versa. https://twitter.com/HesterPeirce/status/1448011388841037830 https://www.sec.gov/news/speech/peirce-2021-10-08
The Fed may begin tapering it’s Treasury and mortgage backed securities purchases in mid November. This is relevant for the whole economy including crypto. https://www.cnbc.com/2021/10/13/federal-reserve-releases-minutes-from-its-september-policy-meeting.html
Sounds like the Milkomeda sidechain is making good progress. https://twitter.com/NicoArqueros/status/1448447729689059332
Apparently, Putin kind of accepts that crypto might choose to exist. https://www.bloomberg.com/news/articles/2021-10-14/putin-defends-cryptocurrencies-amid-global-regulation-push
Don’t forget: today (Oct 15) is the October Mid-Month Development Update! https://twitter.com/InputOutputHK/status/1448715241961963520
Sounds like Binance was not allowing ADA withdrawals for some period of time. https://twitter.com/Katsumoto87/status/1449723293632634882
The Cardano Africa Tour has commenced with Charles popping up in South Africa. https://twitter.com/IOHK_Charles/status/1449304264849993731
We got a nice Triple H update from Harrison/Hemsley/Hammond joined by Jan Müller in the October mid-Month Dev Update. We learned that we’ll have a maintenance upgrade toward the end of October and then PAB a few weeks later. This is extremely important since it will finally allow for the last bits of dApp buildout. The PAB is already available on the tesnet. The test dApp the team is using is an NFT marketplace. The team is watching as we see high loads around events like NFT drops. But, the network is reacting as expected. https://www.youtube.com/watch?v=XzdTyV5Jejc
Here’s video of the Fireside chat with Charles, Dynal Patel, and John O’Connor at the Cape Innovation & Technology Initiative in South Africa. https://www.youtube.com/watch?v=vmuJFc5Qrr4&t
A brief update dropped from Charles this morning in Africa. https://twitter.com/IOHK_Charles/status/1450124410095030280
Duncan & Sebastien have an interesting discussion on Github that fuels Cardanophobia on the part of ETH maximalists about three weeks later. https://github.com/input-output-hk/cardano-node/issues/3247
The Cardano Foundation is changing its delegation strategy. They will go from primarily delegating to promote decentralization to a new framework focused on delegating to promote ecosystem buildout. https://forum.cardano.org/t/cardano-foundations-new-delegation-methodology-supporting-the-architects-of-the-future/79594
Shahaf Bar-Geffen gives us some more details about the Djed launch. He says IOHK is doing the coding and COTI is doing the business side. https://www.youtube.com/watch?v=dlPmIgJ0tE0
In the Cap Innovation & Technology Initiative Fireside Q&A, Charles mentioned he is talking to Colossol Labs about the possibility of having the Mammoth DeExtinction Project take place on his bison ranch. There are probably some obvious NFT or tokenization use cases there. https://colossal.com/mammoth/ https://www.youtube.com/watch?v=vmuJFc5Qrr4
Three U.S. Senators ask Facebook to discontinue its Novi crypto wallet which just launched. https://www.theverge.com/2021/10/19/22735171/facebook-novi-diem-libra-calibra-cryptocurrency-digital-wallet-zuckerberg-senate https://techcrunch.com/2021/10/19/facebook-scales-back-its-crypto-ambitions-once-again/
There’s a new Frederik Gregaard interview out. https://www.youtube.com/watch?v=uJdRAclhL0Q
People are buying luxury real estate in Portugal with Cardano. https://twitter.com/danny_cryptofay/status/1451113239669092356
Over 292,000 votes were cast in Catalyst Fund 6. https://twitter.com/InputOutputHK/status/1451269575140589577
IOHK announces a partnership with Bondly to create an NFT bridge so that users can move their non-fungible tokens back and forth between Cardano and Ethereum. https://twitter.com/InputOutputHK/status/1451251954496180229
Interesting small thread on how further stumbles by the Chinese economy could affect the global economy which in turn might impact crypto and Cardano. https://twitter.com/i/events/1452290004433125378
Here’s a very nice overview of the Maladex Whitepaper by ADA Whale that breaks down the hidden strengths of eUTxO for DeFi including programmable swaps composability. https://twitter.com/cardano_whale/status/1451835809913470986
The Cardano ecosystem maps are getting so big and dense that they can’t even display logos for the projects anymore. https://twitter.com/Meapool1/status/1450576470133379072/photo/1
There is a report that unstaked ADA is at an all time low of under 8MM ADA. https://twitter.com/IbanxStaking/status/1451944344294883331
Check out this medium article explaining the validator underlying the Spacebudz Market. It’s very elegantly and concisely explained if you have no Haskell/Plutus understanding. It’s even more interesting if you have a tiny bit of understanding of Haskell. https://spacebudz.medium.com/spacebudz-market-71e79d1bbf34
Atala Prism named a top 50 Most Influential Project by PMI. https://twitter.com/IOHKMedia/status/1452544441005248514
Pavia Game Jam is coming. It sounds like they are looking to hire some Unity (game engine) developers and 3D artists. This produce interesting results in a few years. https://twitter.com/Pavia_io/status/1451596816659763213
Charles is releasing some images of meetings with heads of state on his Africa tour. https://twitter.com/IOHK_Charles/status/1452671287977971726 https://twitter.com/IOHK_Charles/status/1452672734580838409/photo/2
There is currently ongoing discussion about the possibility of unexpected tax liability from participation in even Fair Initial Stake Pool Offerings where there are accompanying Initial Dex Offerings. There is even discussion about the potential of exploits that could amplify this unexpected tax liability for all participants. https://twitter.com/mikerogero/status/1452502065381404675 https://medium.com/@mikerogero/tax-implications-of-the-minswap-ido-on-fiso-delegators-and-the-cardano-community-4db219ea8932
We now have a memorandum of understanding with Burundi! https://twitter.com/jjtoconnor/status/1453087264461017092
Fans of certain other Gen 3 blockchains are still getting hilariously worked up when they are confronted with the Messari chart on massive VC ownership of their blockchains. https://twitter.com/TamaraHaasen/status/1452924338047496193
The new IOG stake pool delegations are out. https://twitter.com/InputOutputHK/status/1453041459477819398
Cardano Fans is putting out some really good pieces posed as “Conversations with a Junior Blockchain Developer”. Very educational on the technical advantages of Cardano over other Gen 3 blockchains. https://twitter.com/matiwinnetou/status/1452911202913464328
ETH based platforms are still not faring well at NOT losing the money of users. https://twitter.com/Swag_Stakepool/status/1453392923672915968
dcSpark is making progress on the Milkomeda sidechain. ADA transitions from Cardano testnet to Milkomeda testnet now working. https://twitter.com/Milkomeda_com/status/1453421947157716992
The stark differences between being a validator on ETH and a Cardano validator are once again put on full display. https://twitter.com/evan_van_ness/status/1453133337334272000
There’s a new Djed explainer video out now from IOHK. https://www.youtube.com/watch?v=5-Ozaf_aGNM&t=1s
Cardano 360 October Edition is now out and available! https://youtu.be/R0s3lPG8XDw
The crypto time traveler is back after many months of being gone (i.e. purportedly being in the future). His first prediction after returning was about big news and a crown which was later revealed to concern the health of the Queen. His second prediction was about Cardano and gigantic success. https://twitter.com/CryptoTimeTrav2/status/1452827679300849670
Charles was at the Ethiopian Ministry of Education today. He reports that the onboarding of the five million students is on track. https://twitter.com/IOHK_Charles/status/1453697314187534343
The Ministry of Finance of Ethiopia has posted pics of the Cardano team meeting with them! This is an interesting turn of events. The ministry posted about a “readiness to incorporate avant-garde technology in areas of #Agri Tech, logistics, and digitization”. https://twitter.com/MoF_Ethiopia/status/1453717850766540808
There is a new IOHK blog entry on Mithril. https://iohk.io/en/blog/posts/2021/10/29/mithril-a-stronger-and-lighter-blockchain-for-better-efficiency/
You might have missed this IOHK blog entry on how dApp certification will be incorporated into the new light wallet (I know I did). https://iohk.io/en/blog/posts/2021/10/25/new-certification-levels-for-smart-contracts-on-cardano/
The Cardano dApp Store is looking like it’s going to be amazing. Curation & certification without gatekeeping is a great solution to preserve decentralization and maintain censorship resistance. https://summit.cardano.org/sessions/redefining-dapp-discovery-bringing-dapps-to-the-mass-market
There’s also a new update on Crypto Bisons! https://iohk.io/en/blog/posts/2021/10/28/buffalo-soldiers-march-to-the-heart-of-the-blockchain/
Charles released a new AMA from Ethiopia! https://www.youtube.com/watch?v=L5au7JEPMaM
The U.S. President’s Working Group on Financial markets has published its Stablecoin Report. No surprise: they want to regulate stablecoin issuers as insured depository institutions with federal supervisors and to curtail their affiliation with commercial entities. They also want to curtail such affiliations for custodial wallet providers. https://home.treasury.gov/system/files/136/StableCoinReport_Nov1_508.pdf
It turns out there are some big chain reorg vulnerabilities in ETH 2.0. https://arxiv.org/pdf/2110.10086.pdf But, maybe ETH has already got fixes planned? https://twitter.com/casparschwa/status/1450785316865024000
A partnership among World Mobile, IOHK, and Zanzibar has been announced! It’s a five year plan that focuses on education, eGov solutions, the Blue Economy (sustainable fisheries), replicating the Blue Economy model in tourism | agriculture | & telecommunications. https://worldmobile.io/blog/post/partnering-with-zanzibar-blockchain-hub/
Alessandro has a great idea (multi-sig) to improve NFT drops over his original model that is now used by pretty much everybody! This would help mitigate the hassle of refunds and reduce some congestion. https://twitter.com/berry_ales/status/1455473647934742530
It feels crazy that we have over 2 million Cardano wallets out there these days. Our small ecosystem has become a gigantic one. https://datastudio.google.com/u/0/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/k5r9B
The Plutus Application Backend integration process has begun! https://twitter.com/InputOutputHK/status/1455905122802864138
Pavia has revealed proposals for parcel size in their metaverse. https://twitter.com/Pavia_io/status/1455915006395101188
Mark Stopka takes everyone to school on how “pool extractable value” can still be a thing in Cardano if dApp Developers don’t plan for designs that prevent it. https://youtu.be/0VloKsDjW70
Nami Wallet will soon support hardware wallets! https://twitter.com/NamiWallet/status/1456375916918083588
SundaeSwap has unveiled its own concurrency solution. https://twitter.com/SundaeSwap/status/1456338509870952450
A University of Virginia School of Law lecturer outlines a crypto related “hidden felony” in the Infrastructure Bill. https://www.decential.io/features/defi-and-the-digital-asset-felony-hidden-in-the-infrastructure-bill
IOG drops it’s Sustainability Report. https://static.iohk.io/green-blockchain-paper.pdf
We get a view of what can actually be built on a Pavia single Parcel and news that the Pavia Map v.2 will launch soon with wallet linking and custom images. https://twitter.com/Pavia_io/status/1456667167680831491 https://twitter.com/Pavia_io/status/1456523907280822273
The Plutus Application Backend (PAB) Beta has been released! Developers of Cardano dApps can now begin experimenting on the testnet! This is a big milestone! https://twitter.com/InputOutputHK/status/1456683592726233097
Apparently Cardano’s transaction volume just last month in October was double all of 2020!?! https://twitter.com/CardanoStiftung/status/1456730746861748224
Looks like Cardano (at least the logo) made the cover of the Economist?!?! https://twitter.com/cardano_whale/status/1457327848285376513
We just saw an instance of Yoroi wallet dApp Connector integration! https://twitter.com/SundaeSwap/status/1457396024822075409
We saw an all time high of +61k native assets issued on Cardano in one day recently! https://twitter.com/thinkgrowcrypto/status/1457130708300824576
World Mobile just dropped a great video documenting the IOHK/World Mobile/Zanzibar visit. https://twitter.com/WorldMobileTeam/status/1457800436501467136
It looks like Zimbabwe is looking into crypto adoption! https://twitter.com/BitcoinMagazine/status/1457703228192301058
Apparently, there’s a new partnership between COTI and the Cardano Foundation. Sounds like we’ll hear details on November 10. https://twitter.com/shahafbg/status/1457665945963532294
There is a Spacebudz ad running on the Nasdaq screen in Times Square right now (November 8-14). https://twitter.com/budzdegen/status/1457706024778014720
The IOHK Haskell course in Ghana will include 80 students! https://iohk.io/en/blog/posts/2021/11/05/empowering-a-new-generation-of-innovators-in-ghana/
A new Cardano NFT store has sprung up mentioning smart contract support and royalties for creators. https://twitter.com/jpgstoreNFT/status/1457548567032184832
Terra Virtua is saying we’ll have our Cardano Summit 2021 NFTs by November 10th. https://twitter.com/TerraVirtuaHQ/status/1457800095101976578
COTI is now talking about news of an IOHK Partnership to be announced on Nov. 10 in addition to the previous announcement of an announcement of the new Cardano Foundation partnership slated to be announced Nov. 10 6pm UTC. https://twitter.com/COTInetwork/status/1458129369482792967
Here’s a beautiful thread explaining how one of Cardano’s big competitor’s tps claims may be HIGHLY misleading. https://mobile.twitter.com/EdnStuff/status/1457875177052643333
The Galaxy Digital paper on Gen 3 blockchains is out. I think some may definitely take issue with their description of the capabilities of eUTxO smart contracts in the Cardano section. https://twitter.com/cardano_whale/status/1458271252993302535
The Catalyst Natives program rolls out with a COTI ADAPay challenge to develop ADAPay plugins for medium & small businesses. https://iohk.io/en/blog/posts/2021/11/10/introducing-catalyst-natives-how-any-business-can-leverage-the-cardano-innovation-engine/
The “Director of Ops” of ENS Domains runs a poll about whether or not ENS Domains or Cardano has more utility. At writing, over 30k voters had surprised him with the answer he didn’t expect.. https://twitter.com/BrantlyMillegan/status/1458268301100990467
IOHK drops a blog entry on optimizing network performance. https://iohk.io/en/blog/posts/2021/11/10/optimizing-cardano/
Looks like we’ll be getting both the PAB & the ERC-20 Converter in the “next several weeks”. https://twitter.com/DanielTetsuyama/status/1458209250950332418
In macro news that could affect Cardano and all of crypto 30 year treasury bonds went vertical, and news of the +6% inflation in the US broke widely. https://twitter.com/CaitlinLong_/status/1458507405675880452
World Mobile dropped a nice youtube AMA for us. Very interesting details came up about Microsoft Airband, Google Project X, and Project Taara. https://twitter.com/WorldMobileTeam/status/1458718340931858435
Weiss highlights that Cardano addresses participating in staking have grown by 100k in two months. https://twitter.com/WeissCrypto/status/1458845224671887362
The Cardano Summit 2021 Terra Virtua NFTs have arrived. Check your inventory if you did all the tasks in the Summit’s virtual worlds. https://terravirtua.io/inventory
Pavia dropped a more detailed roadmap with live events scheduled for the plaza in Q3 2022. https://twitter.com/Pavia_io/status/1459246398046674945
Charles is back in Colorado and has dropped a full AMA. https://youtu.be/nnDWc6uP6gs
The November mid-month IOHK Development Update is now out! https://twitter.com/InputOutputHK/status/1459250049414799368
Seeing reports that Cardano’s 24 hour volume recently exceeded Ethereum! https://twitter.com/cardano_daily/status/1460238659098005504
We’ve seen a very nice and steady rise in transactions over the last 15 days! https://twitter.com/WillyzPortico/status/1460221046112456704
The January Haskell class in Ghana will include 80 students! https://twitter.com/IOHK_Charles/status/1460259961313837058
IOHK has dropped their new article on eUTxO dApp architecture. It explains in detail a design for an eUTxO order book. https://iohk.io/en/blog/posts/2021/11/16/architecting-dapps-on-the-eutxo-ledger/
Apparently we saw over 1MM transactions in Epoch 302. https://twitter.com/ccvaultio/status/1460673461614006276
Looks like Cardano is seeing a huge amount of on-chain activity. The crazy part is this is all pre-PAB. Just wait until dApps can actually launch! Unsurprisingly, some supporters of other chains were shocked to realize they didn’t understand the difference between exchange trading volume and actual blockchain use volume. https://twitter.com/cardano_daily/status/1460238659098005504 https://messari.io/screener/most-active-chains-DB01F96B
Charles drops a short regulatory update letting us know about the proposed bill to fix the highly faulty Infrastructure Bill language and another new bill to lay out a pro-crypto comprehensive regulatory framework for crypto (including definitions for utility coins). https://youtu.be/AcBuk0zHLfU
Here’s the announcement and the bill from Senators Lummis & Wyden to fix the bad crypto language in the Infrastructure Bill. https://www.lummis.senate.gov/press-releases/wyden-lummis-introduce-bill-to-fix-broker-definition-for-digital-assets/ https://www.lummis.senate.gov/wp-content/uploads/GAI21B7321.pdf
Senator Lummis reveals that she is working on a big crypto bill as expected. https://twitter.com/SenLummis/status/1461004206588968965
CIP-0030 Related to the dApp Connector has been merged. https://twitter.com/stakenuts/status/1460891981417267205
Be aware that fake stakepools are a thing! https://twitter.com/berry_ales/status/1460917711920414723
Here is the coming onslaught of Cardano dApps summed up in just six lines. https://twitter.com/DCdoso/status/1461340919731523586
Pavia says they will drop the extended land map next week and that it will include some new land types. https://twitter.com/Pavia_io/status/1461331532069711876
The smaller “fix-it” bill that would attempt to remedy the bad crypto language in the Bipartisan Infrastructure Bill has now been introduced in the House of Representatives. https://twitter.com/jerrybrito/status/1461317078175072263
Charles says input endorsers can improve the performance of the base layer by a factor of 20-40x!!!! https://youtu.be/Lf2C4fq4ZY4?t=790
MSN.com runs a positive Motley Fool article on Cardano. https://www.msn.com/en-ca/money/topstories/in-the-world-of-crypto-cardano-could-be-a-real-winner/ar-AAQWzzf
The updated list of Cardano researchers now numbers 152. https://twitter.com/DIGI_StakePool/status/1462536768658542604
A new wallet has been announced. https://twitter.com/TyphonWallet/status/1462410333939658752
Charles dropped a new AMA where he mentioned very briefly that they are actually going to look into read-only UTxOs. If it’s possible to have these types of UTxOs while preserving determinism, it would be a big change since transactions must currently consume inputs. https://www.youtube.com/watch?v=NJcVEJ1a6eg Some background reading on read-only UTxOs: https://github.com/Emurgo/Emurgo-Research/blob/master/smart-contracts/Unlocking%20The%20Potential%20Of%20The%20UTXO%20Model.md

~Army of Spies

Monday, November 22, 2021

What I've Learned About Crypto

The cryptocurrency market operates in cycles, dictated by the "Bitcoin halving." This is an event every 4-years, whereby the new Bitcoin generated is cut in half. This causes a supply shock, and pushes Bitcoin upwards. In turn, more and more people become interested with the price increases and join, and the domino effect ripples out into a bull market. But it is only temporary, lasting a limited time until interest fades. The side effect is that the entire cryptocurrency market will pump, causing altcoins to skyrocket overtime.
Good, solid projects aren't important for the bull cycle, but for the bear cycle. Good projects will last through the dark winter, whereas the hyped coins without purpose will fade off. Why? Because to survive through a bear market, you need projects that will keep on going on, with a team and funding that will allow it to happen.
Once your family and workmates start crazing about some cryptocurrency coin, you're too late to the party and it's going to soon dump. Think about it. For it to reach their ears that means the coin must've already done amazing stuff. You want to get in before it does such amazing stuff.
There's always opportunity. During a bull market, you want to find coins that have remained relatively "flat", because 99% of coins will eventually pump by the peak of the cycle. So find the most boring, uninteresting coins (that are still being developed and worked on, so check out their Twitter and on to see interaction exists). Find a coin looking like an EKG flat-line with an active community and dev team -- that's the one that you'll profit from in due time. During the bear market, find good, solid projects, and average-dollar-cost in until the next bull cycle and reap amazing projects.
There's tons and massive amounts of scams. Guess what? If you search for Metamask on Google, the top results are likely fake websites (because top results are ads). Support responding to you on Twitter are very likely scam people with fake verified badges. Google Play still has a lot of issues with fake apps, so you can still easily download an app that is seems like the official one but will steal all of your money. Do not store your passphrase on your phone. And remember, hardware wallets can fail so always keep a backup copy.
People focus way too much on shitcoins. People are literally paid money to advertise coins, to make comments and interact with the community just for a small payout. If the shitcoin should moon, you'll probably hear about it once it already has and feel the need to get into because it's "just beginning." You must get in coins BEFORE they moon, before they pumped, for the real profits.
Most people in cryptocurrency lose money because they buy quick and sell quick. Stop trying to get quick profits and hold your coins for longer term.
Technical analysis is just saying what's CURRENTLY happen and not what WILL happen (with very, very rare exceptions). That's why you'll see all these YouTubers make comments referencing what's happening, and then they'll talk about "if Bitcoin goes up, this will happen, and if Bitcoin goes down, then this will happen", but they can't tell you what will actually happen. This is for short term predictions, because we understand long term movements quite well (well, some of us do).
Coins that are innovative and provide cutting edge technology means little, because it's all open source and some other project will come along and copy it. It's about marketing, partnerships and growth. Think of Mastercoin's downfall, for example.

Anyway, I could keep going, but I'll leave it at that.

A DAO incorporated through time deposits(CD)

An easy way to put it would be;
Pancakeswap + HEX + governance(DAO) = Mac&Cheese

Don't take it as a joke because of it's name. Pancakeswap, Sushi,... Food names work. Not to mention APPLE.

Basically it takes the frontend of pancakeswap for staking, but the backend is different. It works as a time deposit(CD).
In order to earn staking rewards, users must lock up their tokens. The longer you lock your tokens for, the higher rewards you receive.
A mistake that a lot of people make is they instantly label it as a ponzi/scam. But it's not, it offers no promise of return and the rewards are built into the system(through inflation). So the system can not collapse, but the price can(just like that of any other asset).

It's designed to work as an "DAO"(autonomous decentralized organisation). The locked-up stakers form the governing council - those with locked tokens can vote on proposals, which enables the protocol to evolve and upgrade in a decentralized manner.

The entire system is ran through users - the inflation(rewards) are set to be entirely dynamic, as well as bonuses, fees and events. The "Governor"(contract) collects fees and penalties and once a certain threshold is reached an event can be scheduled by users, during which the rewards are boosted for a period of time to attract new users. After event ends, penalties are burned and the global inflation of the system reduces( this is an alternative concept to bitcoin halvening where supply reduces in half every 4 years).

The goal is to let the users maintain the system and create an environment that prints the least inflation, but attract the most users. System also pays bonuses for extending and rolling-over expired time deposits. So basically removing potential sellers and attracting new users(perfect for price appreciation).

Similarly to how businesses provide additional services as they grow, the protocol can be upgraded and evolve to offer new services. The first and current service is the ability to stake & earn interest on your deposit. The system is made to work in the favor of the long term participants as it ensures honesty amongst participants (if you withdraw stake prior to expiration, you can get hit with up to 82% penalty. If people buy and lock the tokens - don't sell, the price should gravitate upwards over time).
90% of people are looking to capture the extreme upside of cryptocurrencies and earn staking interest at the same time. This is why the protocol could become incredibly valuable - because it provides the service people are looking for and value the most.
HEX is a cryptocurrency that has successfully integrated that concept(CDs) and it performed x10,000 in 1-2 years. This uses the same concept, but adds additional features(governance, dynamic rewards, upgradeability,...)

It's a good system because it covers the whole stack (is decentralized, integrates oracles in decentralized manner(system regulation), works as a currency and time deposit, has it's own consensus and governance model. Those are the things you would want in an ideal cryptocurrency and it's how decentralized finance should look like.

Bitcoin was a great idea, but it's not fulfilling any of it's initial promises labeled in it's whitepaper - it failed as a peer to peer cash and it's not a currency(is too volatile). And because nothing else works, it's been labeled a "store of value". And the same is happening on Ethereum right now - as fees are reaching 50$ for a similar transfer of token and hundreds of dollars for a swap. It's becoming unusable and is also reaching a "store of value" status.

Mac&Cheese is built on Polygon network which alrady processes twice the transaction of Ethereum on a daily basis at 1/1000 the cost. Polygon is also secured through proof of stake and doesn't burn additional energy. It provides the same infrastructure of ethereum(EVM) at higher scalability.

If you already hold ETH, BNB, MATIC, SUSHI, CAKE or HEX, then you can get some tokens for free. Users with 200M$+ worth of tokens have already claimed(95%+ of which are HEX stakers. Presumably because they are familiar with the concept and know it works).

Just a good idea to share IMO, but kep in mind that Mac&Cheese is not an investment, could fail and go to 0
Mac&Cheese ($XVMC) (macncheese.finance)

Weekly Digest - 22 November

https://preview.redd.it/bolnyppaj8181.png?width=1200&format=png&auto=webp&s=3bf2530f17baad6a30f04f0cca09f03b3678733d

Hi Solve.Care Community,

This week, Solve.Care CEO, Pradeep Goel attended this year’s AIBC Europe conference where he moderated a panel discussion and was a panelist for another. Don’t worry, we have a recording too so you can enjoy the panels! Over the last weekend, Solve.Care also took part in Telemedicon 2021 in Lucknow India, and Solve.Care’s Vice President of Technology, Mahesh Srivastava, who took part in the event, provides a brief overview of his experience. And learn more about telehealth in neurology in this week’s Telehealth Blog series.

1. AIBC Europe

For the first time ever, Malta hosted what we can only call a MEGA conference. Four leading shows, all happening in one week, AIBC Europe, Affiliate Grand Slam (AGS), the World’s Gaming Festival (SiGMA), and Med-Tech World. Combining these 4 leading shows into one mega event allows investors to leverage the significant crossover potential for multi-faceted business deals and to double down on opportunities to connect with some of the leading affiliates, policy makers, thought leaders, suppliers, and operators in various industries.

Solve.Care CEO, Pradeep Goel, took part in two different panel discussions at this year’s AIBC Europe.

In the first discussion, which took place on Nov 17, Pradeep moderated a panel discussion on Regulatory and Legal Issues with Blockchain: Cross Borders.

The second discussion took place on the same day, and Pradeep was a panelist in a talk about Legal Compliance with Identification Regulations, which was moderated by Dieter Brockmeyer, Co-Founder & Director Innovation & TIME, Diplomatic World Institute.

Get more details about the event here: https://aibc.world/europe/europe-agenda/#

2. Telemedicon 2021 Overview

We recently took part in Telemedicon 2021, which brought us a deeper understanding of possibilities and opportunities that digital health can address across the globe. The presentations from the regional and global speakers gave excellent insights into innovation and process evolution in healthcare. Various government bodies and policy makers are focused on evolving healthcare technology and practices creating a new paradigm for global healthcare.

The conference also had several sessions detailing the application of cutting-edge technologies like machine learning, artificial intelligence, use of IoT and integration of wearables to solve several challenges in the healthcare space.