Friday, August 26, 2022

Economics have nothing to do with the IKONIC Metaverse

Economics have nothing to do with the IKONIC Metaverse. The project ran without a hitch and was completed earlier than anticipated. This kind of in-depth research provides fascinating new insights into the metaverse. The IKONIC metaverse won't get any brand-new features for a very long time. All you need is a receiver and some NFT speakers to take part in the digital meetings. One strategy for couples to rekindle their romance is for each spouse to try something new. There had never been so few attendees at an NFL-sponsored event. There are several opportunities for recreational pursuits and sporting events. The best data redundancy and peace of mind come from consistently keeping numerous backup copies of your data.

#IKONIC #CRYPTO #BSC #BINANCE #BITCOIN


[For Hire] I write content that actually gets read, so you don't have to

Sometimes it ends up on the first page of Google. Like this. Or this

Some love letters (Okay, fine, Reviews) from previous clients:

for u/thesmoltutor. Great content, affordable and trustworthy! (2 month project creating promotional content and ads for TikTok, Reddit & Facebook)

"I've been looking for a copywriter for some time when I came across u/thesmoltutor. Great, pricing very affordable and a real pleasure to work with."

thesmoltutor copywriting services - one of the best (4+ months copywriting to overhaul website copy and write fresh new product descriptions for nearly 200 items)

"Amazing copywriting content - has transformed my small business and lead to many more sales, would 100% recommend."

What I write: - social media posts - ads - landing & sales pages - blog articles - newsletters - video & podcast scripts

I could probably explain blockchain to your grandparents in 7 minutes or less.

How I write (tidbits from my portfolio):

Altcoins vs Stablecoins: Key Differences Explained (First result on Google, with a featured snippet :D)(๐ŸŒŸProof)

Polygon blockchain explained: A beginner’s guide to MATIC (second search result on Google ๐ŸŒŸ)(Proof)

Apple’s Spring 2021 Event Could Be This April — Here’s What We Expect to See (tech news, light humour, beginner-friendly)

How to Grind Coffee Like a Pro (how-to guide, beginner friendly, very delicious)

Our Story - Cherry Tree Coffee (brand identity & storytelling)

Mischief & Mayhem Product Description (product description, brand identity, storytelling)

Hand-Torn Taiwanese Noodle Soup (recipe blog, storytelling, also very delicious)

Can We Fix Bitcoin's Sustainability Problem? (tech news)

Who I write for: Personal brands, startups, businesses and blogs. Anyone looking for fresh, creative content, and ad copy that actually sells.

Want an entire month of content done? Then it's done. Need a concise landing page or YouTube script? I've got you. Need to work with an engaging writer on a long term basis? Hi, let's be friends.

We can work per project, at around $30 to $50 per 500 words. Plus, I always have discounts for long term (3+ months) work.

I'm also offering a complete $500 Startup Package, including:

  • Landing page & web copy for new sites.
  • 5,000 words a month, easy-to-share blog posts to get your name out there.
  • Weekly/daily shortform content for social media.
  • Basic SEO.

DM me, say hi, let me know about your project and we can flesh things out over a call, or email. I'm excited to get to hear from you!


What's happening to the Mundo Crypto Metaverse Day event in Madrid? (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/wy30wt/whats_happening_to_the_mundo_crypto_metaverse_day/

Cardano Rumor Rundown August 26, 2022

Hey Everyone!

Let’s go….

Newly Covered Today:

  1. It looks like you can now add data to your ADA Handle. https://twitter.com/adahandle/status/1562832083289968640
  2. IOG has released a really nice video on the Mongolia trip. https://www.youtube.com/watch?v=-FmWy1MjuN4
  3. IOG has released a Vasil rollout status thread. https://twitter.com/InputOutputHK/status/1562865831708528645
  4. Carda Station will be releasing a bunch of new features on August 30th including ReadyPlayerMe indoor avatars. https://twitter.com/InputOutputHK/status/1562865831708528645
  5. Cardano is the top ranking cryptocurrency ecosystem in terms of “brand intimacy”…whatever that is. https://mblm.com/lab/brandintimacy-study/industries/crypto/

Previously covered, but still interesting:

  1. Polina Vinogradova on babel fees. https://twitter.com/timbharrison/status/1550557249868816384
  2. The 3AC Founders were interviewed by Bloomberg. https://twitter.com/PastryEth/status/1550521333691387905
  3. Lyn Alden makes an interesting thread about crypto being a separation of “money and state”. https://twitter.com/LynAldenContact/status/1550960304472956930
  4. Here’s an article from SundaeSwap covering the perspective of a dApp team preparing for the upcoming fork. https://sundaeswap-finance.medium.com/the-vasil-hard-fork-from-a-dapp-builders-perspective-9ee454758c16
  5. Elizabeth Warren and five other members of the US Congress have asked the EPA to “require reporting of energy use and emissions from cryptominers.” https://www.warren.senate.gov/imo/media/doc/2022.07.15%20Letter%20to%20EPA%20and%20DOE%20Re%20Cryptomining%20Environmental%20Impacts.pdf
  6. FutureFest is already working on a plan to have actual humans working in Cardano Metaverses. https://twitter.com/futurefestxr/status/1551607701385318400
  7. There is now a “blockchain-in-a-box” project for Java devs to create blockchain solutions that Ergo, IOG, and Hyperledger have been involved in. https://twitter.com/IOHKMedia/status/1551593026568523778 https://www.bitcoininsider.org/article/176881/blockchain-tool-will-allow-java-developers-build-blockchain-solutions
  8. Apparently Solana is embracing its “open for business only sometimes” history with actual physical stores. https://twitter.com/Scott_eth/status/1551539635137953793
  9. While Cardano’s eras are named after historically significant figures like Voltaire, Basho, Byron, & Shelley; the Ethereum roadmap labels are more like a parody of a reproductive health class. https://twitter.com/VitalikButerin/status/1551603545752870912
  10. Is security the biggest challenge facing the mass adoption of Web 3? FYEO thinks so. https://twitter.com/InputOutputHK/status/1551672421769519115
  11. Plutus Core programs generated from Typescript are now a thing. https://twitter.com/MicheleHarmonic/status/1551261395295080449 https://www.typescriptlang.org/
  12. SpaceBudz has laid out the path to migrate to new art. https://twitter.com/spacebudzNFT/status/1552042478085308418
  13. Cardano 360 will be this Thursday (July 28). https://twitter.com/InputOutputHK/status/1551968626470690816
  14. Kraken apparently forgot that doing business with Iran is a hot button issue for the US government. https://www.reuters.com/technology/us-crypto-exchange-kraken-suspected-violating-sanctions-nyt-2022-07-26/
  15. Senators Toomey and Sinema think you shouldn’t have to pay taxes on crypto purchases or trades under $50. https://seekingalpha.com/news/3860821-us-senators-introduce-bill-that-would-end-taxes-on-small-crypto-transactions
  16. For the first time in modern history, the Federal Reserve has executed back-to-back 75 basis point hikes. https://www.cnn.com/2022/07/27/economy/fed-meeting-interest-rates-75-basis-points/index.html
  17. Indigo reports that they are now feature complete! https://twitter.com/Indigo_protocol/status/1552268277438619648
  18. We now have blockchain tracked clothes on Cardano. But, these shirts are expensive. https://twitter.com/OriginThread/status/1552280610923749384
  19. You no longer have to dislike just Meta (Facebook) OR crypto VCs. You can now hate them both simultaneously in the form of their bastard children: Aptos & Sui. https://twitter.com/milesdeutscher/status/1552281885438488577
  20. The U.S. Bureau of Economic Analysis showed a -0.9% GDP growth print this morning (July 28). That’s two quarters in a row of negative growth which corresponds to a common definition of a recession although the National Bureau of Economic Research is considered the official arbiter of recessions and marks such events based on a wide range of economic factors analyzed over many months. https://www.bea.gov/ https://www.cnn.com/2022/07/28/economy/us-economy-second-quarter-gdp/index.html
  21. The July Cardano 360 was released today. https://www.youtube.com/watch?v=mHHVaxkHFrE
  22. The ADA Realm & Actum Games AMA recording is now available in discord. https://discord.com/channels/903957555083087892/913541370436808754
  23. CardaStation just onboarded a game developer to their team who spent the last six years at Ubisoft working on games like Riders Republic and Ghost Recon. https://discord.com/channels/908827661504237599/909005782790586379
  24. Here’s a mysterious post from Ready Player Me about some news coming from Pavia. https://twitter.com/readyplayerme/status/1552993598022508550
  25. The Ledger Nano now supports 100 Cardano native tokens via Ledger Live. https://www.ledger.com/blog/ledger-expands-cardano-support-manage-100-native-tokens-with-ledger-live
  26. SundaeSwap now has a monthly video development update. https://www.youtube.com/watch?v=Jc8ZCVCMcXM
  27. There was a hack of the Nomad bridge for 150 million that affected several different Cardano projects and wrapped assets in Cardano. https://twitter.com/Oraclecharli3/status/1554266219787784192 https://twitter.com/samczsun/status/1554252024723546112 https://twitter.com/IagonOfficial/status/1554258785690157056 https://twitter.com/GeroWallet/status/1554264725923381248 https://twitter.com/Milkomeda_com/status/1554302195763269632
  28. Charles gave us a very concise summary of what’s going on with Vasil. https://www.youtube.com/watch?v=Na09S56FwuY
  29. Never forget how many people told us not to worry about the “transitory inflation”. https://twitter.com/patrickbetdavid/status/1554086521468239872
  30. As I write over 18k people have signed a petition asking for the removal of Gary Gensler. https://www.change.org/p/retail-investors-fire-gary-gensler-as-sec-chairman-for-obstruction-of-justice
  31. Apparently there is a Swiss bank now offering Cardano staking to its customers. https://watcher.guru/news/cardano-staking-available-at-swiss-sygnum-bank-as-ada-moves-to-crush-ethereum https://twitter.com/sygnumofficial/status/1554349276985278464
  32. WingRiders posts a thread on the impact of the Nomad bridge hack and how the team responded. The thread will be sure to cause some controversy. https://twitter.com/wingriderscom/status/1554370695919976448
  33. As if the Robbery Forest wasn’t busy enough yesterday, there are late breaking reports from today (August 3rd) about some kind of exploit related to the Solana world. https://twitter.com/nftpeasant/status/1554612135992479751 https://twitter.com/SolportTom/status/1554609401369137152 https://twitter.com/magiceden/status/1554620084831674370
  34. Charli3 may have some bad news for you if you bought their ERC-20 tokens on the cheap after the hack yesterday. https://oraclecharli3.medium.com/charli3-update-post-nomad-hack-a3cd576237a0
  35. The giant gulf between the Cardano approach to smart contract standards and that of our competitors is highlighted amid the Nomad bridge exploit coverage. https://twitter.com/IOHK_Charles/status/1554648163532689408 https://twitter.com/sherlock_hodles/status/1554650723291381761
  36. Southrye makes an interesting observation about what I would call one of the bigger differences between Solana and Cardano. https://twitter.com/Southrye/status/1554679752430161922
  37. Looks like Michael Saylor’s Bitcoin bet isn’t playing out how MicroStrategy expected. He is no longer CEO. He is now only the Chairman. https://twitter.com/Mayhem4Markets/status/1554560424267366409 https://finance.yahoo.com/news/michael-saylor-microstrategy-ceo-bitcoin-204325431.html
  38. Here’s John Woods on the possibility of Algorand/Cardano collaboration. https://twitter.com/StakeWithPride/status/1555001121508249601
  39. This article contains allegations that may cast a heavy shadow of doubt on the purported total value locked (“TVL”) of the Solana ecosystem. https://www.coindesk.com/layer2/2022/08/04/master-of-anons-how-a-crypto-developer-faked-a-defi-ecosystem/
  40. Pavia has unveiled the first look at one of the eight districts in the Pavia Plaza. This one appears to be Japan themed. https://youtu.be/4YCQPPo_O1U https://twitter.com/Pavia_io/status/1555210549423644674
  41. The former President of the New York Fed says a full blown recession is either already here or will be very soon. https://www.cnn.com/2022/08/04/economy/recession-inflation-fed-dudley/index.html
  42. BlackRock and Coinbase are now working together to bring crypto exposure to institutional clients. https://www.cnn.com/2022/08/04/economy/recession-inflation-fed-dudley/index.html
  43. The US Treasury has added a bunch of Tornado Cash mixer related ETH addresses to their naughty guy sanctions list. Reports are also coming in that Circle has frozen USDC belonging to some of these Tornado Cash users. Hilarious reactions followed. https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/2022080 https://twitter.com/bantg/status/1556712790894706688 https://twitter.com/juthica/status/1556648502658318337 https://twitter.com/bantg/status/1556656916234965000 https://twitter.com/econoar/status/1556752321773576193
  44. PWC just did a big metaverse survey of 5k consumers and 1k business leaders that indicated 67% of companies are actively engaged in metaverse projects (beyond just experimentation) and 82% expect metaverse activities to be a part of their normal business activities in the next three years. https://www.pwc.com/us/metaversesurvey
  45. FutureFest is putting on a metaverse concert event on Wednesday at 7pm ET. https://twitter.com/futurefestxr/status/1556688896825516032
  46. I think we have found the perfect insult: “that’s web2 thinking”. https://twitter.com/matiwinnetou/status/1556681984789086208
  47. Celsius and Voyager users are currently worried bankruptcy proceedings might involve a clawback of certain withdrawals from these centralized financial platforms. https://twitter.com/TheRealPlanC https://twitter.com/SimonDixonTwitt/status/1556574979524804609
  48. Someone actually did dust a bunch of .eth wallets with ETH from TornadoCash. https://twitter.com/josephdelong/status/1557011056572129280
  49. Coinbase reported a $1.1 billion net loss in Q2 vs. $1.59 billion in net income last year in Q2. https://www.cnbc.com/2022/08/09/coinbase-coin-earnings-q2-2022.html
  50. Reports are coming in that Curve was exploited for $573k. https://twitter.com/WatcherGuru/status/1557104364690489346 https://twitter.com/CurveFinance/status/1557104676830601216
  51. Bank of England researchers are worried the use of cryptoassets in the metaverse could lead to systemic risks. https://bankunderground.co.uk/2022/08/09/cryptoassets-the-metaverse-and-systemic-risk/
  52. A law firm representing Pavia has released a “case study” on their work with Pavia. https://twitter.com/StephensonLawHQ/status/1557360513654423559
  53. More surprises from the Coinbase quarterly filing: the SEC has sent subpoenas to Coinbase regarding its stablecoin and yield generating products. https://www.sec.gov/ix?doc=/Archives/edgar/data/0001679788/000167978822000085/coin-20220630.htm#ibd16326c8f82466fbb851d71853b44a8_262
  54. Virtua gives us a first in-world peek at a game inside their metaverse. https://twitter.com/VirtuaMetaverse/status/1557411483809636352
  55. Don’t forget, the Pavia merch claim for plot holders will start today (Aug 11) and run for two weeks. https://discord.com/channels/897161313120321536/897682883471347763
  56. Artifct has released some images in their discord that seem to be related to avatars for their moon metaverse. https://discord.com/channels/882364185244237884/920120911414300773
  57. CardaStation also provided some in-world footage of the community center they are building. https://discord.com/channels/908827661504237599/909005782790586379
  58. Pavia just unveiled their rebrand and new website. https://pavia.io/ https://twitter.com/Pavia_io/status/1557769622320996352
  59. Pavia also gave us a much more extensive unveiling of the first district of the Plaza. It’s a narrated fly through with some interesting details. It sounds like the next district will be Cyberpunk. https://youtu.be/EhHuP4Z-aDk
  60. Cardano Node 1.35.3, which should be the Vasil hardfork combinator event version if all goes according to plan, was released today (Aug 11). https://github.com/input-output-hk/cardano-node/releases/tag/1.35.3
  61. There are some people debating whether the Ethereum Merge will result in tax liability. One of the items discussed is whether ETH holders will essentially be receiving a new coin if proof-of-work miners keep the old chain (and the old PoW ETH coins) alive. https://twitter.com/LucidCiC/status/1557710488955301889
  62. Lots of people took a quote from Vitalik about centralization of Ethereum out of context today (Aug 11). He was actually talking about the importance of sharding. https://youtu.be/kGjFTzRTH3Q?t=2167 https://twitter.com/NerdNationUnbox/status/1557260572621766660
  63. Wow! The Netherlands arrested the developer of Tornado Cash on Friday (Aug 12). The stakes just got a little higher in crypto. I suspect a lot of crypto platform developers will feel a little less easy about relying on their open source/decentralized credentials as a shield against government action. https://www.fiod.nl/arrest-of-suspected-developer-of-tornado-cash/
  64. An interesting point has been made that validating blocks in ETH 2.0 that contain Tornado Cash or other sanctioned transactions would be a violation of the sanctions while not validating those blocks can also lead to financial penalties (“inactivity leaking”) in ETH 2.0. The fear is that this could lead to protocol-level censorship to accommodate sanctions. https://twitter.com/lex_node/status/1558521705244594181
  65. Virtua has released a new episode of their podcast with some hints as to what they are building and some interesting discussion around building a virtual world that will operate across different technologies (browser, PC, mobile, etc). https://www.youtube.com/watch?v=2BSl7no82nM
  66. The last two episodes of CopiCafe (the Cornucopias podcast episodes 18 & 19) have revealed some interesting details including screen shots of the mobile game, that the fourth zone of Cornucopias will be inspired by the Canary Islands, the Custom Dome sale may happen in the next two weeks if they can beat the Vasil hardfork, development of land staking is in its final stages, & a custom dome video will be coming next week. https://www.youtube.com/watch?v=wvGAGNv86Y0 https://www.youtube.com/watch?v=HnUlXU_tRZY
  67. Cornucopias has released the pricing on their custom domes in discord. https://discord.com/channels/829374949587419137/842583414439542805
  68. The Robbery Forest strikes again. This time it’s reported to be 1.2 billion printed in AUSD. https://twitter.com/WatcherGuru/status/1558735108672065538 https://twitter.com/AcalaNetwork/status/1558785360670298112
  69. IOG Researchers are at Crypto 2022 in Santa Barbara to present the “Ofelimos” Proof of Useful Work (PoUW) paper. https://twitter.com/InputOutputHK/status/1559170170307985409
  70. The Cardano Island Land Claim Event is going down next week! https://twitter.com/VirtuaMetaverse/status/1559261587298467841
  71. Orbis has released the whitepaper for their L2 ZK-Rollup Protocol. https://papers.orbisprotocol.com/whitepaper.pdf https://twitter.com/orbisproject/status/1559178331433512960
  72. WingRiders held a community vote on issues related to the Nomad Exploit Incident. https://twitter.com/wingriderscom/status/1559177924699471873
  73. Here’s a great thread from Maladex on why total value locked (“TVL”) makes no sense at all as a metric in crypto. https://twitter.com/CardanoMaladex/status/1559552276234215424
  74. Ethereum is having a crisis of conscience over the inevitable censorship & loss of permissionlessness that will come out of the Tornado Cash sanctions. https://twitter.com/sassal0x/status/1559357892645437440 https://twitter.com/econoar/status/1559271411658526720 https://twitter.com/freeslave06/status/1559350621714653192
  75. The censorship is already there as a practical matter as shown in this interesting thread on more centralization trouble in the world of Ethereum staking/block validation. https://twitter.com/varun_mathur/status/1558905077523484672
  76. CZ very convincingly makes the case that the large corporate institutions are already here in crypto. https://twitter.com/cz_binance/status/1559642866787426314
  77. The Pavia avatar merch drop for plot holders has finally arrived. https://merch.pavia.io/ https://twitter.com/Pavia_io/status/1559852416820027395
  78. Worried about quantum computing and crypto? There’s already movement in the space that can be incorporated into Cardano. https://twitter.com/JohnAlanWoods/status/1559847847264141313
  79. There is so much political strife in ETH over the censorship issue that the different sides are literally adopting flags at this point. This is how civil wars start. Poloniex is now even hinting at supporting both the proof-of-stake ETH and the proof-of-work ETH Forks. https://twitter.com/ercwl/status/1559284150749765641 https://twitter.com/Poloniex/status/1555085757450272768
  80. We now have more information on the first Virtua metaverse game and a naming contest. https://twitter.com/VirtuaMetaverse/status/1559940305310420992
  81. Cardano metaverses seem to be doing just fine compared to what Meta put out just two days ago (Aug 15). https://www.forbes.com/sites/paultassi/2022/08/17/does-mark-zuckerberg-not-understand-how-bad-his-metaverse-looks/ https://twitter.com/day25/status/1559842465477435399
  82. Pavia is contemplating additional use cases for the Pavia avatar merch like making the pieces keys to access special OG areas and etc. https://twitter.com/Pavia_io/status/1560186546988400640
  83. The Cardano community loves watching the “Bankfull” Podcast boys get dunked on these days. After all their Cardano comments…it’s live by the sword, die by the sword. https://twitter.com/_Checkmatey_/status/1560013273545719810 https://twitter.com/AllenWu29331265/status/1560064947711000576
  84. Here’s some very interesting discussion on Hydra vs. ZK-Rollups in Cardano. https://twitter.com/_KtorZ_/status/1560008315597365252
  85. Lots of talk about the potential censorship problems in the ETH All Core Devs call today. Just a reminder that Cardano currently doesn’t have these problems since different architecture (e.g. No Flashbots-esque MEV-centric middleware). https://youtu.be/jJaCaS0WbIw
  86. LiqwidDAO wants to form a Nonprofit Association in Switzerland to be situated in a jurisdiction with some regulatory clarity. https://discord.com/channels/759807412688388136/981259898551664650
  87. Virtua has released some images of the condo towers. https://twitter.com/VirtuaMetaverse/status/1560353042997940225
  88. C’mon Canada! Selective caps on crypto transactions now?!? https://twitter.com/mochains/status/1559971309597122560
  89. Cornucopias Custom Dome information is here along with game play footage. https://drive.google.com/file/d/1S3m_04-6hGmBPmeP74sZzbIFJIIPeoTC/preview https://twitter.com/RobGreig3/status/1560984962995818499
  90. Charles addressed the dialogue around 1.35.3 on Friday (8.19) and it looks like everything has been resolved by August 20.The path for all SPOs to upgrade to 1.35.3 looks clear. https://twitter.com/IOHK_Charles/status/1560666160861184001 https://www.youtube.com/watch?v=K85M3c4VfBQ https://twitter.com/IOHK_Charles/status/1561077286807318529
  91. Apparently, MuesliLending will be a thing. https://twitter.com/MuesliSwapTeam/status/1560672945210503169
  92. Coinbase has done a great job of summing up the regulatory progress in crypto in a single chart. https://twitter.com/brian_armstrong/status/1561455357448183808
  93. Ready Player Me who Cardano knows as the avatar provider to metaverse projects like Reach and Pavia just got a $56 million Series B from a16z. https://twitter.com/readyplayerme/status/1562032070251032576
  94. Nick Szabo made a very important prediction about Ethereum half a decade ago that seems to be coming true (in a bad way). Luckily, Cardano is suffering the same fate. https://twitter.com/phyrooo/status/1562118994353700864
  95. Virtua gave us a little peek at what looks like the actual location of the towers on Cardano Island. https://twitter.com/VirtuaMetaverse/status/1562145145901891588
  96. Cornucopias has dropped their custom dome video. https://www.youtube.com/watch?v=aL_4dTFKyJk
  97. The 1.35.3 adoption continues to climb today (Aug.24). https://pooltool.io/networkhealth
  98. Vasil Progress today is showing 40% of blocks in Epoch 359 and 54% of Nodes reporting version 1.35.3. https://pooltool.io/networkhealth
  99. Apparently Tether want’s the world to know they haven’t frozen any TornadoCash related addresses. But, they’ll be happy to comply as soon as they are told to do it. https://tether.to/en/tether-holds-firm-on-decision-not-to-freeze-tornado-cash-addresses-awaits-law-enforcement-instruction/ https://twitter.com/Tether_to/status/1562468486886346753
  100. It looks like MuesliSwap is now in Private Beta Mainnet for its Hybrid Dex. Vasil era dApps are starting to feel very close. https://twitter.com/MuesliSwapTeam/status/1562425751005442051
  101. Coinbase is now getting in on the staking derivatives party. I wonder how much of the total delegation of ETH will end up centralized in this way. https://twitter.com/CoinbaseAssets/status/1562476695357358080
  102. Congressman Emmer is formally asking Janet Yellen how OFAC can sanction something that’s not a person or an entity but just code. https://twitter.com/RepTomEmmer/status/1562084891247902721

~Army of Spies


Thursday, August 25, 2022

Main reasons why I am leaving Bitcoin Cash (A general and final response to my previous post complaining about getting banned).

I felt the responsibility of doing this post to clear a couple of things.

Main things I want to straight up clear:

  • I don't think r/btc is doing censorship. I've heard of some people complaining about it; however, in general terms, I think this subreddit allows a decent amount of freedom.
  • I don't have anything against the core BCH team; I actually supported them during the fork (BCHN) and have been working with them on various projects related to Bitcoin Cash over time.

As you may know, I am Oscar, and I used to be a Venezuelan BCHer, which means my favorite coin was BCH in terms of usage during (mostly) 2017-2019/20. However, just to keep things as clear as possible, I was never over-invested in BCH; I always held a portfolio with percentages of different main coins (BTC/ETH/AVAX... etc) because I always had the mindset not to lay all eggs in one basket. So no, this is not about price action at all. If that were the case, I would have left long ago.

So why are you leaving BCH?

I will start talking about the least important but last event that happened that made me decide to go off from this project finally.

I got banned from an official sBCH channel for pointing out my opinion on a subject (Basically calling sBCH a dead chain which is an objective truth). And by the time I posted my opinion, I was getting attacked by four users, finally leading to my ban for no practical reasons and just subjective reasoning. This was disappointing because Bitcoin Cash was a coin that had strong "community" values against censorship in general. I want to clear up that being banned on sBCH for me is practically being banned from a main BCH channel, even if it is an L2 discussion channel. Why? Because many of the people asking for the ban and the mods themselves (or part of them) have too much influence among the general BCH community and will probably gain more over time, even if they don't manage to fix the messy sBCH project.

For me, this was the last thing I was going to endure with Bitcoin Cash.

The other reasons:

  • Lack of investment in marketing and proper branding. A lot of people might see this as a non-important point, but marketing and branding are main things to care about, especially if you are trying to reach the general public. The only project that actually did a little about this was Bitcoin.com, for obvious reasons. Aside from that, just a few projects really cared to give a good image and a proper user interface for their users.
  • Too many forks. BCH proved that crypto might end up forking itself into infinity. And even if BCH probably won't have more forks now (hopefully), it already forked its mcap x3. This doesn't fit good for small/big investors as they might be scared to buy a coin that could potentially fork in the future.
  • Adoption of BCH might look "fine" with the pro-BCH island city, but in reality, is not looking good anywhere else. This comes from someone who had three major projects in Venezuela to promote BCH. The first one was a platform to allow people to exchange BCH for fiat (InstaBitcoin), the second was a website to look for jobs which I took the role of CEO and made it what it was today (CoinGigs), and finally, I was running events and talks in my city onboarding merchants around the city. For reference: https://news.bitcoin.com/over-200-venezuelan-taxis-discover-the-benefits-of-bitcoin-cash/
    However, in Venezuela and many other countries (first-hand data I got), BCH adoption is lacking. All those merchants that used to accept BCH only did it for a short-term benefit (getting paid by the BCH users going for the meetups) or directly getting some people to pay the merchants to place stickers and try to accept BCH as payment.
    Sadly, today most of the merchants have already left BCH as a payment method and are using Binance P2P platforms to do payments (which basically works similarly to Zelle). All people in Venezuela are accepting crypto through Binance and no on-chain txs. In Binance, they could change it instantly for USDT, or the user could swap their cryptos to USDT in order to pay. With the Binance method, merchants basically remove the hassle of holding assets/coins that change the price every minute. For the merchants, it was a matter of weeks or months before removing the BCH stickers due to: Lack of users paying daily, volatility, and a non-friendly user interface and experience to trade BCH into fiat. In Venezuela, I tried to fix that with InstaBitcoin (and did fix it for a while until we ran out of liquidity).
    TLDR: Binance/L2s won the adoption war. Bitcoin Cash probably won't get used because of its over-complicated user interface and user experience for avg Joe.
  • As Vitalik said, decentralization is not absolute, it's a matter of degrees. In this aspect, we could honestly say Bitcoin (BTC) is winning because it has the bigger amount of hash backing it up against attacks. However, if we consider developer(s) control over the protocol (even if that power isn't absolute), it replicates into all the other cryptos.
    In short, BCH, BTC, ETH, and most (if not all) cryptos have a major development team or a major node developer. The node developer with the biggest amount of miners and exchange supporting it will win and will take power to decide what's going to be the next update. There's no such thing as democracy or not even a fair system of changes here, it's just war to see who can convince the real players to get the support needed. Today Blockstream controls BTC, BCHN controls BCH, and Viltalik controls ETH, and all three could change (for example, just like BCHABC did get replaced), but the resources to do the replacement are only possible with the right connections. Is not something anyone can do, and BCH got lucky at this point to have all the necessary influence to prevent ABC from keeping control over the protocol. In another case, where people with a lack of resources wanted to take control of the node for honest and good reasons, it would have failed completely, leading to a minority fork.
  • Market conditions for BCH are at the worst stage ever. This only partially affected me even if, at some point, I generated a profit (especially with the last recent pump). However, the constant price downfall is one of the main reasons why BCH won't get adopted compared to BTC or ETH long term. Investors and business owners aren't interested in holding a coin that will go down in price constantly, and sadly, in this case, it's not particularly because of random market conditions; it's because of BCH's own fault. To be specific: Constant forks, public figures that used to support BCH betraying it, CoinFlex rug pull due to unprofessional company management and corruption, plus lack of incentives to actually use and hold BCH (and everything said before adds up to this point).
  • Darknet and deep web: There's no BCH adoption there. This point should be self-explanatory, but the fact people don't use BCH to buy stuff on the darknet and deep web and rather use BTC and Monero is a big red flag. If we expect people to find BCH utility, the first group of users that should be adopting it are those markets. However, there's no market from what I was informed and checked myself that actually used BCH as a payment method. This, for me, is the biggest red flag, as the people that should care about this product don't care because, for them, there are better options. Could be price action? Or could be non-anonymous txs? Heck, even ETH is used there, and people rather mix those coins with Tornado. Bitcoin Cash fusions aren't getting positive metrics from what I know, so from both sides, BCH is not a compelling product. Maybe fees aren't everything in this adoption equation.
  • The EVM experiment is dead. And some people might not agree with me, but let me give you a short story: I have experience with EVMs, and I worked with projects on AVAX, sBCH, SOL, and ETH. From the EVM perspective, and in general, terms, having a chain with no backup at all is a tremendous warning itself. But the fact the peg hasn't been fixed for over 2 months is incredibly insane. So yes, don't expect sBCH to survive this without starting from 0, trying to regain the trust that won't come back thanks to CoinFlex. The EVM experiment is dead and won't come back. I am not being pessimistic, if you believe otherwise, you are being over-positive, and I would sadly tell you to stop the religious following on these groups/scammers that rug pulled you.
  • Main BCH figures get tainted every time, the last one: Roger and Mark Lamb (+ many of those people that got thousands of dollars from Flipstarter and never finished anything). And yes, people will probably be kicking Roger over the next few months if Mark is right about his lawsuit. Which is a potential truth at this point (and no, this doesn't mean Mark is good, Mark is a corrupt scum no matter the outcome). About the Flipstarter part, we could safely say we were wrong about the investment method; Flipstarter wasn't a good way to give money because it gave no responsibility to the project owners. And yes, to be transparent, I ran a Flipstarter in the name of CoinGigs, which was successful, and also completed all the promises listed in the donation window.
    Note: I left CoinGigs and gave all the power to its previous owner, and since that, the project has been completely abandoned and unused with no updates at all. I did my job, upgraded it, and left (modern user interface, side-shift integration/multi-coin usage, marketing with low-budget and much more).
  • Many of the OGs left, and after the CF drama, probably all of them.

And that's it. Those are the reasons why I am out. I hope you know to understand why the ban was the last punch for me.

For a positive endpoint, I want to say that I think BCH is still a good project with a good heart, but sadly it's not going well and most likely won't grow more from this because of all the points I mentioned before. And they'll probably repeat in the future. The BCH community betrayed itself when it gave all the power to such an important product (sBCH) to a DEX (CoinFlex).

Have a good day, and I wish luck to Bitcoin Cash!


The IKONIC Metaverse has nothing to do with economics

The IKONIC Metaverse has nothing to do with economics. The project went off smoothly and was finished earlier than expected. This kind of in-depth analysis offers exciting new information about the metaverse. There won't be any new features added to the IKONIC metaverse for a very long time. For you to participate in the digital gatherings, all you need is a receiver and some NFT speakers. Each partner trying something they otherwise wouldn't is one way for couples to get closer. Never before have there been so few people at NFL-sponsored events. There are several chances for leisure activities and sporting events. The best data redundancy and peace of mind come from maintaining multiple copies of your data in backup at all times.

#IKONIC #CRYPTO #BSC #BINANCE #BITCOIN


In your opinion, what is the best crypto we have for quick, low fee transactions?

Just wondering about the general community's opinion on this.

My general thoughts on this is that eventually in the future, we'll be using cryptocurrenies for everyday transactions however we'll use different cryptos based on the transaction.

For example if you're buying a hot dog at a sporting event you'll need a transaction to happen within seconds, my first thought on this was litecoin, Bitcoin and Bitcoin cash (though I'm not sure how they'd hold up with mass adoption) however; if you're buying a car, that's a large enough purchase that could justify a Bitcoin transaction once it's found it's grounded price.

My opinion on the question is for small transactions I could see Litecoin, possibly a couple stablecoins or MAYBE even doge if it can maintain 0.01usd over time

For larger transactions I can see Bitcoin still being around for LARGE purchases such as houses and business contracts, Ethereum of course they've positioned themselves quite well to keep up with the times. I also have a feeling one of the major alternative blockchains such as Solana, Tezos or Polygon could gain massive traction and be around to stay as serious player.

Let me know what you guys think!