Locations - USA (Live) - Middle East (Upcoming) - Europe (Currently Live) - CDN enabled.You can choose your CDN relay , multiple services worldwide Join us via this website: - https://billing.vpnsaga.com/ Services - Plex Share - Plex Appbox Shared - Dedicated Reseller Appbox - IPTV (included PPV events) (VPN app for android user included) - Google Drive Share - Website disguised as VPN provider. Library - 10k + Tv Shows. - 27k + Movies. - 1500 + 4K Movies - 400+ 4K Tv - 800+ Anime -Few foreign films and tv. Total around 2k ish Payment options: - Bitcoin/Bitcoin Cash/Etherium/Litecoin/Dash/XRP/USDT - Paypal Resellers Information(sell my products direcly on your website) - All you have to do is just order my services like normal ! - You buy my service for X amount and up charge it to your clients for X amount ! - You get a dedicated server with a specific amount of appbox.additional appbox can be installed on request - You can sell appbox,plex shares or both as per your wish Information You May Want To Know - Instant scans - We have limited amount of spots. - Auto Requests enabled on appbox - We use GPU for transcoding. - Transcode allowed besides 4k Content. - Instant Setup DISCORD https://discord.gg/QZm8UmQjhY Limited slots.Once we hit our user limits,you will not be able to sign up
Friday, November 5, 2021
Ahoy Pirates! Our time is now
Ahoy fellow Pirates!
A new month is upon us, and with it the monthly Pirate Chain update, which can be found here: https://www.youtube.com/watch?v=yWoAguReoAw (USA update) and https://www.youtube.com/watch?v=_o96Q8x0iiI (EU update). Last month, full wallet encryption was added to the full node wallet. This was mentioned in a previous ARRRticle, but is worth mentioning again due to the impact it has in keeping our ARRR treasure as private as possible. It doesn’t stop there either, as they are working on the peer to peer traffic encryption for another level of privacy.
Pirate Chain hasn’t stopped in maintaining the security of our treasure either, as a bounty of 500 ARRR is up for grabs for anyone who is able to break the wallet.dat encryption. The amount will be increased by 100 ARRR weekly (https://pirate.black/treasure-chest-full-node-wallet-encryption-added/). They are doing everything they can to ensure it’s security and privacy is up to date.
Seed phrases have also been added to the full node wallet. The seed phrase can be imported from and to any other wallet, allowing for increased compatibility.
Pirates haven’t been holding back in having some fun, as the Pirate Life Casino is thriving, with over 140,000 bets having been placed thus far. This equates to over $5000 worth of profit. 25% of that goes to Pirate Chain for marketing and other developments.
A portion of wARRR fees will go toward marketing, promotions, and any other expenses that may occur. It has brought in about $5200.
Pirate Chain is not the only one seeking to make use of profits to fund further development and progress.
El Salvador President Nayib Bukele has announced that the government will be using profits from Bitcon to build 20 new schools. These schools will be funded entirely from Bitcoin earnings, with no taxpayers’ money. A veterinary hospital was already funded using Bitcoin gains. The fund, known as the FIDEBITCOIN trust account, is managed by the Bank for the Development of El Salvador (https://cryptobriefing.com/el-salvador-will-use-bitcoin-profits-build-new-schools/?utm_source=main_feed&utm_medium=rss and https://crypto-academy.org/building-schools-with-bitcoin-gains/).
Siam Commercial Bank (SCB), one of Thailand’s oldest banks, has announced that it will acquire a 51% stake in cryptocurrency exchange Bitkub for Thai Baht 17.85 billion (roughly USD $535 million) by the second quarter of 2022. The transaction will be subject to regulatory approval. The acquisition is expected to “help the SCB Group create new growth value in the long term amid a new financial world” (https://fortune.com/2021/11/03/thailand-crypto-exchange-newest-unicorn-siam-commercial-bank-bitkub/).
Miami Mayor Francis Suarez announced on Twitter that he would take his next paycheck 100% in Bitcoin (https://twitter.com/FrancisSuarez/status/1455562833006059528?s=20). This was in response to a tweet by Anthony Pompliano, an American entrepreneur, investor, and host of a podcast focusing on technology and finance, where he asked, “Who is going to be the first American politician to accept their salary in bitcoin?” Suarez asked for assistance from Miami’s CIO Mike Sarasti, who, in a later response, said that a Strike link had already been sent over to register.
If you’re looking to spend some ARRR, then look no further than the ARRRmada, as more merchants accept Pirate Chain as a form of payment, including to purchase seeds, livestock, and farm tools. The adoption rate continues to grow.
The Pirate Chain community hasn’t failed to come together once again, as some of them have taken the initiative to spearhead a hashtag campaign in October that involved posting as much as possible about Pirate Chain under the hashtag #weARRRpirate. This campaign has increased the visibility of Pirate Chain on Twitter and generated a lot of activity and follows.
Fellow Pirates and freedom-seekers in the US looking to get together may want to check out the MYOFB Meetup for individuals looking to discuss Pirate, cryptocurrencies, privacy technology, cybersecurity and freedom (https://pirate.black/pirate-chain-miami-meet-up/). The meeting will take place at the Crab Du Jour, 3201 North Miami Ave every second Tuesday of the month starting on November 9, from 7pm to 11pm.
Also in Miami is the Crypto Experience from November 10 to 12. It is an educational event where people can learn about blockchain technologies (https://www.facebook.com/events/james-l-knight-center/miami-crypto-experience/931657334073622/). Pirate Chain will have a booth there. Tickets are $350 US, but they are working to get a 20% discount with the code ARRR at checkout.
You may have heard it said that “It’s not Pirate Chain’s time,” but it’s always the time to invest in a coin that offers a currently unmatched level of privacy and security in a world where we are watching it fall apart. What this means, though, is that there are moments on the sea where the winds are still. The ship doesn’t appear to be moving, but it is during this lull that activity still occurs deep below the surface and high into the skies. We need to be ready for when the winds gust again and the currents flow.
It is during times like these we must strengthen our hold and amass our treasure. Let your treasure chests be filled to the brim and be ready for when you see movement again. For, a Pirates time is never over, nor are we ever really in a standstill. We are still only in the beginning of what is to come for Pirate Chain, for the Pirate Chain crew never ceases in refining our treasure and pushing the boundaries of the technology.
Be ready, Pirates. Our time is now. Fare thee well until next time.
Key Points from the November 5th Twitter Q&A
Donate to #CryptoforCures: https://bit.ly/3o1mvWv
- For our keynote speech at Crypto Expo Dubai 2021 we are waiting on the professional recording from the organizers, there has been delays in obtaining it.
- The same situation applies for our keynote speech at the World Blockchain Summit in Dubai, we will post these as soon as they are made available to us.
- ETA on the Salesforce Crypto Lightning Exchange is ASAP. We aim to have something that is fully functional and feature filled. The dev team is working full time on this.
- Next week we will be releasing a preview of the product.
- The application will launch on the Salesforce App Exchange. After the launch we will see where this takes us.
- We have been in discussions with the Salesforce team.
- Salesforce is promoting their app exchange to encourage and bring in developers to create applications for the platform.
- Salesforce is very strict with what can be released on their platform, and we have to go through the proper auditing and review process.
- We can’t speak too much about this process, but we can say it’s going very well.
- The application will allow Salesforce enterprise clients to perform automatic or manual crypto transfers, swaps, and other functionality in their sales processes.
- For example, if a company accepts Bitcoin, they can automatically or manually use our exchange to swap for another crypto, for example Ethereum.
- Transaction fees through the application will boost EG Token volume, add buy pressure, and reward holders.
- Details about exchange listings will be shared as soon as we are able to.
- We have seen a lot of improvement in volume over the last few weeks, our market cap has doubled.
- We have a target list of exchanges to get us far reaching coverage, we aim for the best listings available to us.
- We are aiming to be blockchain agnostic, and we are bridging to Ethereum and later MATIC and other blockchains.
- We are the title sponsor for Venture Into Cures alongside Amazon on behalf of EB Research Partnerships.
- The event is a celebrity fundraiser (Eddie Vedder, Selena Gomez, Tom Holland, Jack Black, and many more) taking place on November 18th.
- The goal of the fundraiser is to fund research to heal EB, a rare and painful disease with no known cure.
- Last year the event generated a lot of attention.
SOLANA(SOL) COIN NEWS AND EVENTS || BITCOIN SMALL REJECTION || ETH BREAKS HIS ALL TIME HIGH ||
I found new fun in tarkov
After the halloween event i didint get anything quest were too hard for me and i was broke so i made a decision to reset my game as a wipe i played for to 2 days now and im having so much fun. I used to rage and cry when i died but now im having new things to think about and when i found a dead pmc with good Gear i was so exited for new things and in the next scav run i found bitcoin and it was so exiting to run to an extract. So if you run out of fun or you have 1000 roubels in your Stach maybe reset your acount
About Tomorrows Epicenter Event
Heres the layout of tomorrows Epicenter Crypto event if anyone is curious per the official announcement here: https://www.eventbrite.pt/e/web-30-and-cryptocurrency-tickets-194305130877
About this event
Web 3.0 | Lisbon Where the convergence dialogue begins
Cointelegraph and Cointelegraph China Nov. 6 event
At a time where emerging technologies such as blockchain and cryptocurrency could offer great opportunities to many industries and the world, a growing interest in how the convergence of traditional enterprises and finance with these technologies has begun. We are gathering the founders and CEOs of technology companies, fast-growing startups, policymakers, and crypto and traditional VCs to have an in-depth dialogue to discuss: Where to next?
Agenda: Opening speech - Vadim Krekotin, Co-founder and CEO of Cointelegraph China
Online opening : Neo N3: Building Blocks to The Web3.0 - HONGFEI DA, Founder of Neo
Panel 1: Cryptocurrency as an alternative investment
Bitcoin vs. traditional assets.
Pros and cons of investing in cryptocurrency.
Performances of crypto vs. traditional investments.
Fireside chat 1 Host - Ting Peng, Chief Editor of Cointelegraph China
Guest - Paul Veradittakit, Pantera Capital Partner
Panel 2: Expanding the use of blockchain in enterprisesThe potential applications of specific use cases across multiple industries.Intraoperability and interoperability — how blockchain technology can be applied.
Keynote speech 2: N3 Empowering The Smart Economy - A Journey of Faith and Vision. Sponsored by Neo - Lili Zhao, Director of Neo Global Development
Panel 3: Stablecoins: Risks, potential and regulation
Stablecoin sector, and how to monitor it.
Stablecoin cases and policy implications.
State of CBDCs in Europe.
Keynote speech 3: PlatON - the trustless AI network. Sponsored by CryptoMeria Capital - James Qu，PlatON CTO
Panel 4: The crypto landscape and adoption in Asia and Europe
Keynote speech 4: X Protocol : Powering Metaverse with Blockchain technology - Blair Z, X Protocol COO
Closing remarks
Cointelegraph will live stream this event on its YouTube channel on Nov 6 at 14:00 pm UTC. For online live streaming audience, please save the date and watch the event at https://www.youtube.com/c/cointelegraph\_com or https://epicentercrypto.com/
GME Tokenized Stock and NFT GameStop Marketplace ((Posted in Reddit last 10/17/21 but Deleted by Mod)
It’s happening and started to form all the pieces of the puzzle together, in a Data Science there are Data Analytics, where you analyze all the information that can be used to make an intelligent business decision. Then a Data Prescriptive, after the analysis you formulate a plan to implement based on the data structure. And my favorite is the Data Prediction, basically you can predict the outcome based on predictive analysis on a series of data.
If we do the same concept on predictive analysis but instead of a using series of data, let’s use a series of events and facts, for sure we will be able to predict the event that is going to happen. So, what are the facts and the series events related to GameStop (GS).
- RC Tweet about the PG-13, Chopsticks in nose, my comment here:
- GameStop SEC filing last June 9, 2021 https://investor.gamestop.com/node/18346/html#rom50019_13
Here is the content about the UNITS:
“We may issue units from time to time in such amounts and in as many distinct series as we determine. We will issue each series of units under a unit agreement to be entered into between us and a unit agent to be designated in the applicable prospectus supplement. When we refer to a series of units, we mean all units issued as part of the same series under the applicable unit agreement.
We may issue units consisting of any combination of two or more securities described in this prospectus. Each unit will be issued so that the holder of the unit is also the holder of each security included in the unit. Thus, the holder of a unit will have the rights and obligations of a holder of each included security. These units may be issuable as, and for a specified period may be transferable as, a single security only, rather than as the separate constituent securities comprising such units.
The applicable prospectus supplement will describe the terms of the units offered pursuant to it, including one or more of the following:
the title of any series of units;
- the designation and terms of the units and of the securities comprising the units;
- the aggregate number of, and the price at which we will issue, the units and any provisions for the issuance, payment, settlement, transfer, or exchange of the units or of the securities comprising the units;
- the date, if any, on and after which the constituent securities comprising the units will be separately transferable.
- whether the units will be issued in fully registered or global form.
- a description of the terms of any unit agreement to be entered into between us and a bank or trust company, as unit agent, governing the units;
- a discussion of material U.S. federal income tax considerations.
- whether the units will be listed on any securities exchange; and
- any other material terms of the units and their constituent securities.
------------- End of Page 13 SEC Filing --------------------
It’s now starting….
The GME tokenized stock is now trading in FTX exchange in Germany, so what are tokenized stocks? This is a short video, and this Dude did a great job explaining it, remember the Chopsticks tweet when watching this:
https://www.youtube.com/watch?v=rHFb-OQr6rU
Tokenized are stocks that trade on traditional regulated exchanges. FTX lists tokens on select equities. These spot tokens are backed by shares of stock custodied by CM-Equity. They can be redeemed with CM-Equity for the underlying shares if desired.
GME has been listed on several crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, you can still easily buy this coin by first buying Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin.
FTX has listed GameStop (GME)
https://help.ftx.com/hc/en-us/articles/360055676272-FTX-has-listed-GameStop-GME-
So, the next question is, ok you can trade using a GME tokenized stock (GME Token or the “UNIT”) but that’s only in Germany and not in the US, what platform and what technology fast enough, secure enough and highly scalable Decentralized Exchange (DEX) that can be processed thousands of thousands of requests per second? The answer is Loopring see their website for details: https://loopring.org/#/
Also why do you think RC hire this guy from Loopring prior joining to GS -it’s so obvious “Duh”.
Former Business u/Loopring, CFA Charterholder
https://matthewfinestone.medium.com/thank-you-loopring-16993766c200
“I will remain an advisor for Loopring. And not just the symbolic kind, but the real kind. I still hodl LRC, own equity in Loopring Technology Limited, and look forward to remaining part of Loopring’s bright future.” Matt Finestone.
About the NFT.GameStop Marketplace with Loopring.
RC and GS formed an “All-Star” NFT Team, some of the names already available in the public (to name a few):
NFT.GameStop (https://nft.gamestop.com/) –this is the NFT Marketplace where it will run in Loopring L2 Protocol 3.9.0.
(Source Code)
https://github.com/Loopring/protocols/commit/d048fa4019aa640180f041fa2e013c0a3cb8a729
Some information I picked-up from different website:
You can do other based trading on Layer-2. You can also transfer on Layer-2s. Right now, Loopring support ERC-721 and ERC-1155.
And then you have the ERC-20, I believe you have seen a lot of DD about 741 = ERC-721 + ERC-20
[GME Token (ERC-20)](https://etherscan.io/token/0xd4596454a0e145842d1319d6921399e8e1622ad7) - Qty 12,000,000
[GME Token (ERC-20)](https://etherscan.io/token/0x5b7d043ecb3a694069cc01e763159ea1bde0541d) - Qty 69,420,000
Why it exceeds the total number of float shares if GS intension is 1 token for 1 share? if you read the SEC filing, GS stated that they can issue additional units (i.e., Token) “We may issue units from time to time in such amounts and in as many distinct series as we determine”.
Other Reference:
LRC whitepaper here: https://loopring.org/resources/en_whitepaper.pdf
Vitalik Buterin Incomplete Guide to Rollups: https://vitalik.ca/general/2021/01/05/rollup.html
Possible Business Uses:
- In-store currency - GME Token can be used as an in-store currency/reward system.
- Crypto swap/exchange - Partner with an established cryptocurrency company to facilitate listing and conversion/exchange between crypto such as USDC or miscellaneous established coins or altcoins, and GME specific tokens. Use a GME app to manage a crypto wallet and exchange between various tokens/coins/currencies.
- NFT Collectibles - i.e., CryptoKitties, Gods Unchained, etc. Facilitate in-person trading (either in-store or via app to app trading) of digital items and collectibles between platforms.
- Digital game licensing - revolutionize DRM by hosting a record of your game license on the blockchain
- In-game item transfer/entitlement - Imagine if there was a way to trade/sell your CounterStrike skins in-person for cash, or exchange a cool knife skin for a new CryptoKitty
In conclusion, going back to Predictive Analysis of series of events and facts, I don’t think I need to spell out the outcome, the next question is when? IMHO, it’s in this quarter (4Q2021) since all the pieces of the puzzle been formed already and announcement can come anytime now.
“When to sell” posts are increasing, but here is my warning to newbies
Seeing lots of posts with questions of “when to sell” recently, and I’m expecting these posts to increase as more media attention comes in. So I am writing this so that I can link it as a warning to the newbies coming in.
There are 2 main options for bitcoin First option; use bitcoin as a savings account. Dollar cost average in or buy the dips, never sell for depreciating fiat but spend when needed. This is what I and many others do, and it is a winning long term formula.
Second option, trading aka timing the market. Many people can trade up their position doing this; but please do your research - so many think they can beat the market by watching YouTube videos and Twitter (or asking Reddit). Most amateurs spend hours doing this just to lose a huge chunk of their portfolio. You’re not only up against expert traders and whales, but also tax. For example, let’s say you read every trading book and want to outsmart the market and plan to sell top and rebuy on a dip. Say you sell one bitcoin for 200k that you bought for 10k, with the plan to rebuy at 100k. In the unlikely event you outsmarted the market; you sold one bitcoin for 200, set aside 60k for tax, rebuy 1.4 bitcoin in 6 months. But what if you aren’t smarter than the market (or a spot etf is approved, or another large company announcement, or another country adopts bitcoin as legal tender) and you end up rebuying at 280k, your one bitcoin is now 0.5 bitcoin (or 140k of stocks with a current cape ratio of 40) https://www.multpl.com/shiller-pe)
Nothing wrong with day trading, just my warning to people who don’t understand how difficult it is.
Cardano Rumor Rundown November 5, 2021
Hey Everyone!
Let's go...
Newly covered today:
- 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 “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
Previously Covered but still interesting:
- DIGI tweets out a great infographic explaining how Hydra layer two solution works. https://twitter.com/DIGI_StakePool/status/1440322046869737482
- Senators Lummis & Sinema are planning to introduce a bill for responsible innovation in crypto. Caitlin Long says it will focus on (1) definitions to clarify regulatory jurisdiction, (2) consumer protection, (3) digital asset custody requirements https://twitter.com/CaitlinLong_/status/1440327869293465600
- The Hoskinson Center for Formal Mathematics has been established at Carnegie Mellon. Given the blockchain activity at the university it seems like the Cardano founder having ties there can’t really hurt us. https://twitter.com/IOHK_Charles/status/1440443081183019017
- dcSpark is launching a new wallet called Flint that will be able to interact with Cardano dApps. https://youtu.be/dDwuwVR75HU https://twitter.com/SebastienGllmt/status/1440659191731945482
- The AWS Exec has clarified his tweet about the Cardano Summit to express that people shouldn’t read too much into it. https://twitter.com/theCOTIinvestor/status/1440662585309745152
- There’s a fresh blog and video on the Cardano Smart Contract Certification standards and new Plutus dApp Store. https://twitter.com/timbharrison/status/1440799199684022283
- Apparently RuntimeVerification is now in the Cardano audit business! This is awesome to see! We’’ll take some NASA mission-critical level auditing for our ecosystem’s projects. https://twitter.com/SundaeSwap/status/1441077920215310343
- The Summit Agenda is now out. https://summit.cardano.org/agenda
- dcSpark’s new open source project Fracada will allow you to fractionalize NFTs. https://twitter.com/dcspark_io/status/1441043274911866880
- dcSpark has released Fracada which is an open source Plutus dApp for fractionalizing NFTs. https://twitter.com/SebastienGllmt/status/1443011920349462533
- The Wall Street Journal runs a Cardano 101 type video on their main youtube channel. https://www.youtube.com/watch?v=GBKnEZYCkTo
- Senator Toomey and SEC Chair Powell have an interesting exchange about how a US CBDC should be formulated and how it should be sharing the space with private cryptos. https://www.youtube.com/watch?v=-46kqEn6JLc
- As promised at the Cardano Summit, Emurgo has already made seed investments into Milkomeda from dcSpark, Adanian Labs, & ADAverse. https://twitter.com/emurgo_io/status/1442210147405684745
- The ecosystem map continues getting bigger and bigger (Sept 29). https://twitter.com/seal_kiman/status/1441418051237425153/photo/1
- dcSpark has dropped a new video explaining Fracada and the future of NFTs. https://www.youtube.com/watch?v=8FvKUlh7Fs8&t=4s
- The CFTC hits Kraken with a $1.25 Million fine for it’s margin products. Cardano DeFi projects planning to offer some kind of margin trading take note. https://www.cftc.gov/PressRoom/PressReleases/8433-21
- In late 2008/early 2009 it turns out Hal Finney was learning Haskell and trying to figure out how to reduce C02 emissions from a (future) widely used Bitcoin. That sounds a lot like Cardano. https://twitter.com/seal_kiman/status/1443593563846193155
- Adam Dean gives us a great post-mortem on the network load created yesterday by the NFT drop(s). https://twitter.com/adamKDean/status/1443599818845081600
- Wow! It’s looking like Meld has landed a partnership with a mobile provider in Nigeria with nine million customers. Not many details out at this point (Sept 30). But, that certainly sounds like it could be gigantic. https://twitter.com/MELD_labs/status/1443548879966949382
- Two factor authentication via SMS once again turns out to be a bad bet. https://bitcoinmagazine.com/business/hackers-rob-thousands-coinbase-customers-sms-mfa-flaw
- Grayscale releases a report on Cardano which shocks many due to its (actually) fair reporting. https://twitter.com/Grayscale/status/1443625454146097152 https://twitter.com/cardano_whale/status/1443786596721967104
- The Wall Street Journal has dropped a video on stablecoins. A lot of the video surrounds the Tether dollar reserve controversy. It’s notable that Cardano’s Djed solves this. https://www.wsj.com/articles/biden-administration-seeks-to-regulate-stablecoin-issuers-as-banks-11633103156
- The Biden Administration has announced they are investigating the prospect of regulating stablecoin providers like banks. https://markets.businessinsider.com/news/currencies/stablecoin-regulation-cryptocurrency-banks-biden-treasury-bitcoin-circle-tether-binance-2021-10
- Cardano users on twitter piece together that Charles was talking about visiting u/Pezesha_Africa (in regard to microfinance) in Kenya. This is big because Pezesha operates in countries with a combined population of over $300MM. https://twitter.com/thr33strikes/status/1444898320070086659
- Crypto twitter users try to depict US Whitehouse comments out of context to fuel an economic doom narrative. However, if you listen to the whole press briefing, you will understand that these comments were based on a “what if” scenario involving the US debt ceiling somehow not being raised. https://twitter.com/100trillionUSD/status/1445059673401528328
- The so-called “Pandora Papers” reveal globally widespread cases of wealth concealment by public officials and bring up the question of whether blockchains like Cardano should take this into account when dealing with nation-state regimes as partners. https://www.icij.org/investigations/pandora-papers/
- 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
- A human readable address project is launching on Cardano on Saturday at 4pm UTC.https://medium.com/ada-handle/creating-a-fair-beta-launch-discord-community-is-live-7f580cd98235
- Brazil is looking to follow the El Salvador example and accept crypto as legal tender with a new bill to be voted within days. While the crypto in question is BTC and not ADA, we can hope that the biggest market cap project is just our gateway drug. https://finance.yahoo.com/news/bitcoin-set-become-legal-payment-154644863.html
- 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
- Sounds like we are getting close to the Cardano Summit NFT winners being announced. It’s still unclear how many actual winners there will be. https://twitter.com/InputOutputHK/status/1445672250435248131
- 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/
- We now have a PAB (Plutus Application Backend) pre-release. Hopefully that means PAB soon! https://twitter.com/matiwinnetou/status/1446589902674665473
- 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
~Army of Spies
This project suits You if You dream of getting rich!
This project suits You if You dream of getting rich! This Project has come to a successful journey, i wish You all the best to Your all the future events as well. me and my crypto audience always support good projects like this. #bsc #pitchfinance #Bitcoin
Yo. 😎
Today I am unbelievably excited and proud to announce Strike Global. Today, the world changes; the fundamentals of value exchange between our species enters a new epoch.
Today we are announcing that Strike:
Has partnered with Bittrex Global and will be launching in over 200 countries.Has added support for USDT, USDC, EUR, GBP, CHF, and more.Will be onboarding all 1M+ Bittrex users onto Strike and Lightning.Will have the Strike Card available in the US Q1 2021.Will have the Strike Card available in the EU and UK Q2 2021.
Strike’s US rollout has been an immense success. In our short 6-month public BETA, we’re well into 5-figure registered users and currently process millions of dollars in volume per month. With our announcement today, the first of its kind, Bitcoin-native, neo-bank is expanding its reach to over 200 countries.
We’re not only bringing bitcoin the asset and Bitcoin the network to billions of people, but we’re also disrupting the international funds transfer sector while doing it.
The Story
Making payments across borders is one of humanity’s most ancient and outdated technologies, with execution times ranging from 3–14 days and fees reaching upwards of 25%. In the thousands of years humans have exchanged value across borders, not a lot has changed, that is until now. Let’s take a look at the current landscape of major international payment networks, how they operate, why they’re flawed, and how Bitcoin + Lightning + Strike has changed the game forever.
SWIFT
For almost 50 years, the majority of international transfers have been processed by the Society for Worldwide Interbank Financial Telecommunication, also known as SWIFT. SWIFT simply provides a network that enables parties worldwide to send and receive information about financial transactions. In 2019, more than 11,000 financial institutions sent over 30,000,000 payments per day via the SWIFT network. Today, over 50% of existing international transfers are done via the SWIFT network. However, 50+ years after its inception, SWIFT remains one of the more expensive ways to transfer funds internationally and settlement times still range from days to weeks.
As popular as the SWIFT network is, society grew tired of the fees and delays in achieving transaction finality. Disruption was inevitable.
TransferWise
TransferWise is the latest innovation in international fund transfers, with a slightly different approach. TransferWise decided that actually moving physical value was the problem, and the intermediaries required to do so made it expensive and slow. The solution? Never actually move any money at all. Instead, the TransferWise network nets your balance against others around the world on their network.
For example, let’s say I wanted to send $10 from the USA to Europe received as EUR. The money “should” arrive tomorrow using the TransferWise network.
However, my USD is not actually going anywhere. Instead, the TransferWise network waits for their European users to send the equivalent in Euros, €7.30 at their rate, as shown above. Once enough users initiate a EUR payment, TransferWise takes their EUR and credits the recipient I was trying to pay, while the USD I gave them will be used to complete a payment for someone else.
You can see that as the amount you’re trying to send goes up, so does the wait time on the TransferWise network. Below, I now attempt to send $1,000,000 from the USA to Europe received as EUR. The key difference is this time it will take longer than a week to arrive. Why is the TransferWise network getting slower? Well, it’s going to take longer (they estimate over a week) for their European users to want to send the equivalent on the other side, which is €813,517.39.
The idea of avoiding the need to escrow physical value is clever, but as impressive as this workaround is, it’s just a workaround. We’re still left without a real solution to escrowing physical value globally. The two major friction points hindering international fund transfers, fees and time to transaction finality, remain unchanged. Disruption is inevitable.
Strike
TransferWise actually had it right; the friction and cost of sending international fund transfers are caused by settling and clearing physical value, this much we do know. The question then becomes how can we achieve instant global fund transfer at any time with no cost? With over 100 currencies spanning over 200 countries, it seems nearly impossible.
Nearly.
On January 3rd, 2009 the world was gifted the first ever natively digital, inherently global, asset known as Bitcoin. Bitcoin provides an open network of its own that enables parties worldwide to send and receive information about financial transactions. Sound familiar?
The Bitcoin network, however, came with its own flaws:
Variable cost to achieve transaction finality.Variable time to achieve transaction finality.Must use bitcoin the asset on the Bitcoin network.
Enter the Lightning network. Lightning solves the first two issues, both the cost and delay in achieving transaction finality. With Lightning, the Bitcoin network can now achieve physical settlement and final clearance immediately and at virtually no cost.
V̶a̶r̶i̶a̶b̶l̶e̶ ̶c̶o̶s̶t̶ ̶t̶o̶ ̶a̶c̶h̶i̶e̶v̶e̶ ̶t̶r̶a̶n̶s̶a̶c̶t̶i̶o̶n̶ ̶f̶i̶n̶a̶l̶i̶t̶y̶.̶V̶a̶r̶i̶a̶b̶l̶e̶ ̶t̶i̶m̶e̶ ̶t̶o̶ ̶a̶c̶h̶i̶e̶v̶e̶ ̶t̶r̶a̶n̶s̶a̶c̶t̶i̶o̶n̶ ̶f̶i̶n̶a̶l̶i̶t̶y̶.̶Must use bitcoin the asset on the Bitcoin network.
That leaves us with the last flaw, the requirement of using bitcoin the asset. However, now with Strike, users can use the Bitcoin network with only their bank account or debit card. They don’t need bitcoin the asset to benefit from Bitcoin the network.
V̶a̶r̶i̶a̶b̶l̶e̶ ̶c̶o̶s̶t̶ ̶t̶o̶ ̶s̶e̶n̶d̶ ̶a̶ ̶p̶a̶y̶m̶e̶n̶t̶.̶̶V̶a̶r̶i̶a̶b̶l̶e̶ ̶t̶i̶m̶e̶ ̶t̶o̶ ̶a̶c̶h̶i̶e̶v̶e̶ ̶t̶r̶a̶n̶s̶a̶c̶t̶i̶o̶n̶ ̶f̶i̶n̶a̶l̶i̶t̶y̶.̶̶M̶u̶s̶t̶ ̶u̶s̶e̶ ̶b̶i̶t̶c̶o̶i̶n̶ ̶t̶h̶e̶ ̶a̶s̶s̶e̶t̶ ̶o̶n̶ ̶t̶h̶e̶ ̶B̶i̶t̶c̶o̶i̶n̶ ̶n̶e̶t̶w̶o̶r̶k̶.̶
The result? The combination of the Bitcoin network, Lightning network, and Strike allows anyone to send any amount of money, at any time, for zero cost. We now have an open monetary network that can physically settle any amount of value, at any time, to any place, at virtually no cost. Combine that with an application that allows you to utilize this open monetary network with your bank account and you get monumental innovation and pure disruption.
Send $10 from the USA to Europe received as EUR? Easy. Instant. Free.
Disruption, is here.
How Strike Global Works
The world now has an open network that offers real-time, cheap, global settlement and self-clearing to the world’s first natively digital asset class. We’ve put in the work to make this network interoperable with legacy fiat. The result ties everyone on the planet together, making any payment anywhere at any time as easy as sending a text.
If I wanted to send $1,000 from Chicago, USA to Berlin, Germany, Strike is able to take my US dollars and deliver them to the intended Berlin resident in Euros instantly and at no cost. How? Let’s walk through it.
When I initiate the $1,000 payment, Strike debits my existing USD balance.Strike then automatically converts my $1,000 to bitcoins ready for use in its infrastructure using its real-time automated risk management and trading infrastructure.Strike then moves the bitcoins across the Atlantic Ocean where it arrives in one of our many European infrastructure pieces in less than a second and for no cost.Strike then takes the bitcoins and automatically converts them back into Euros using its real-time automated risk management and trading infrastructure.Strike then credits the existing user with the Euros to their Strike account.
US Dollars to Euros in less than a second and for free. No shortcuts. Real physical value escrowed thousands of miles, in real time, and using USD and EUR at the user’s convenience. Did we need rocket scientists to pull this off? No. Why didn’t SWIFT do this 50 years ago? They couldn’t. This is only possible because we now have an asset and open monetary network that can achieve cash finality anywhere in the world, at any time, on any day, at no variable cost, and has 24/7/365 liquidity in any currency pair you need.
Hold on, what Forex rate did Strike use when sending USD received as EUR? Good question. When viewing the above example, you’ll notice Strike didn’t use any Forex rates when making the international transfer.
In the above example, the movement of US Dollars to Euros was comprised of two transactions:
A BTC/USD BUY (from the sender’s USD to BTC)A BTC/EUR SELL (from the BTC to the receiver’s EUR)
We believe the true exchange rate between two individual fiat currencies are the net of a BUY and a SELL between them and Bitcoin. Strike maintains a live Forex rate and compares that to its own rate before every transaction. However, in our testing, a Strike international transfer has never been done at an unfavorable exchange rate when compared to Forex rates. Shockingly (or maybe not) it was even cheaper sometimes, exposing the flaws and lag in Forex rates and how they are used. Bitcoin, as the most liquid, globally transferable asset is already acting as the new world reserve currency with Strike.
User Story
To hammer the point home, I want to preview the BETA pilot we are launching in El Salvador, a small country in Central America, to show the true power of Strike and one of the many ways it will change the world as we know it.
In 1892 El Salvador introduced the Colón as their currency. However, after a devastating civil war in the 1980s, in an effort to refuel the economy, El Salvador privatized the banking system and loosened economic restrictions. This eventually led to the introduction of the US Dollar as its official currency. However, El Salvador cannot legally print US Dollars and banking infrastructure in El Salvador is extremely poor and hardly accessible.
El Salvador currently ranks as the 8th highest country in inbound remittance volume from the United States. In 2017 there was an estimated $4.6B sent from the US to El Salvador alone. When speaking with an El Salvador resident, using services like SWIFT and Western Union can be expensive, slow, and dangerous. Fees can be upwards of 10%, transactions take days to weeks, and gangs will sit outside of physical locations and threaten recipients for a percentage of what they are collecting.
Those days are gone. With Strike, El Salvador users not only get access to free and instant international transfers anywhere in the world, but they also get access to a synthetic digital dollar on their smart phone. Let me explain.
Because of the lack of financial technology infrastructure in El Salvador, using US Dollar banking rails isn’t an option. So instead, Strike now supports stablecoins, a synthetic digital dollar for El Salvador or anyone else in the world to hold their balance in.
Let’s walk through a user story. I want to send $1,000 to a friend of mine in El Salvador:
When I initiate the $1,000 payment, Strike debits my existing USD balance.Strike then automatically converts my $1,000 to bitcoins ready for use in its infrastructure using its real-time automated risk management and trading infrastructure.Strike then moves the bitcoins across the Gulf of Mexico where it arrives in our Central American infrastructure in less than a second and for no cost.Strike then takes the bitcoins and automatically converts them back into USDT (synthetic digital dollar known as Tether) using its real-time automated risk management and trading infrastructure.Strike then credits the existing user with the USDT to their Strike account.
Boom. El Salvador users can now make P2P payments between each other with their synthetic digital dollars and have access to free and instant inbound remittance for no fee. Safe, cheap, instant. Want to send $1? It will get there in less than a second and at no cost. Want to send $1,000,000? It will get there in less than a second and at no cost.
What if an El Salvador user wants local currency in exchange for their Strike USDT balance? Are they stuck with synthetic digital dollars? Nope.
Remember, Strike remains interoperable with the Bitcoin and Lightning networks. We don’t need to install Strike network tellers and ATMs around the world, we are built on top of an open network, the work has already been done for us.
An El Salvador user can simply go to a Bitcoin ATM or local Bitcoin teller and receive their local fiat currency:
El Salvador user requests to sell $100 worth of Bitcoin from Bitcoin ATM.El Salvador user scans the Bitcoin ATM QR code with their Strike app.Strike debits their Tether balance and converts it to bitcoin using its real-time automated risk management and trading infrastructure.Strike then sends the bitcoin to the desired Bitcoin ATM address.The ATM receives the bitcoin and issues the user their local fiat currency.
Remember, your Strike balance is spendable wherever bitcoin is accepted! It’s your mobile bank account interoperable with the Bitcoin network.
What if an El Salvador user wants to get access to bitcoin the asset and doesn’t want USDT? Buying bitcoin with Strike is easy and free.
With Strike, billions of unbanked individuals now have:
Access to synthetic and digital USD.Access to P2P payments.Access to free and instant international money transfers anywhere in the world at any time.Access to bitcoin.Neo-bank AccountAll from your phone.
Strike is an interoperable open-network CashApp on steroids for the other 7,000,000,000 people on the planet.
What’s Next
Today, the way we interact and are connected changes. Using the open networks that are Bitcoin and Lightning, we have done the real-time and automated risk management, trading, compliance, legal, policy, application and protocol development to flip the world on its head. However, rolling this out responsibly to millions of you will take time, so here is the plan.
Strike is actively being tested in the US, EU, UK, and our El Salvador BETA is being deployed as we speak. We are going to continually widen access to Strike all over the world as the days go by. In order to gain early access to the BETA and help us test, you can register at global.strike.me. Refer friends to climb the list and get access first. The country with the most user signups will be our next to launch. Share with your friends and family, represent your country. We need to know where to enter and onboard first. Help us help you help us.
The rollout plan is as follows:
Q1
Private BETA testing with USDT, USDC, EUR, GBP, CHF.Public BETA with USDT, USDC, EUR, GBP, CHF.Onboard 1M+ Bittrex users onto Strike and the Lightning network.Issue Strike cards in the US.
Q2
Issue Strike Cards to our European and UK users.Add more fiat currency pairs.
At this point, we now have:
Bitcoin-native neo-bankInstant and free international fund transfersPartnerships with the biggest exchanges in the space and companies in the world (Bittrex, CMT, VISA)Support in hundreds of countriesMajor fiat currency supportStablecoin supportStrike CardStrike Payday
This is not a drill. I have more partnerships and products to announce and release. Too much work to do, too much world to change. As exciting as this is, I promise this is only the beginning.
Thanks
Ok, everyone, that’s all I have for now. I’ve never been prouder and more excited for a technology, community, and team. Today feels special, because it is.
I’d like to take a moment to shoutout the Strike team. While Bitcoin was dead, we kept building. While Bitcoin was down, we kept building. While Bitcoin was making ATHs, we kept building. While the world kept rotating, every single day, we kept building. We went through it all, together. This team is united through our passion for Bitcoin and our belief that Bitcoin represents a better future and a better world. We are all lucky to have this group working on Bitcoin and I am so lucky to not only spend so much time with such smart people, but to also call them some of my closest friends. To my team, you all should be so proud.
Lastly, to the community. Designing products, building applications, implementing advanced protocols, building live/automated global trading infrastructure, managing a team, adapting to sudden regulatory proposals, and so on is hard. In recent months I’d find myself calling my parents crying, you can ask them (BitcoinMom, willb20). However, the next morning, I’d wake up to support from you all. This community is my family. You all are my people. I work and fight for Bitcoin and the support I get in return is nothing I take for granted. From the bottom of my heart, I love and appreciate you all. That’s the best way I can put this into words. Thank you so much ❤️.
You can contact me u/JackMallers on Twitter or [jack@strike.me](mailto:jack@strike.me) via email. Register for early access to Strike Global at global.strike.me and help us test. Top countries will get access first and top referrers will get 1,000,000 sats. We need your help! In any event, I’m going to release it all publicly and blow the roof off the place soon enough.
As I said above, I’ve got more coming. I’ll talk to you sooner than you think.
Much love. Be easy. We’re all changing the world.
Peace out 👊 🍻
Chiliz: Bringing Blockchain and Crypto to Sports Fandom
Chiliz is changing how people across the world interact with their favorite sports teams by providing each fan a voice and a vote.
Chiliz: Bringing Blockchain and Crypto to Sports Fandom
Summary
Chiliz is a FinTech company founded in Malta that is changing the way sports fans interact with their favorite teams. The Socios platform, a blockchain-enabled sports entertainment platform, is Chiliz’s main offering. It gives fans a variety of options to directly vote on choices that affect their favorite teams.
The Chiliz platform’s extensive feature set allows clubs and sportsmen to engage with their fans and generate cash in novel ways.
Contents
- Chiliz: From Passive Spectators to Active Influencers
- Socios Fan Token: Fan-Driven Decision Making
- Chiliz Creates New Ways to Engage
- How Does Chiliz Work?
- Everyone’s a Winner With Chiliz and CHZ
Chiliz: From Passive Spectators to Active Influencers
Chiliz is a FinTech company based in Malta that is working on new methods for sports fans to interact with their favorite teams and athletes. Chiliz’s main product is Socios, a blockchain-enabled sports entertainment platform that allows fans to vote on decisions that directly affect their favorite teams in a number of ways. The platform’s extensive feature set, on the other hand, gives team owners and league operators new methods to communicate with their fans and generate cash. The Chiliz Token (CHZ), which serves as a pricing benchmark and medium of exchange within the Chiliz ecosystem, is the foundation of the Socios platform.
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Socios Fan Token: Fan-Driven Decision Making
Chiliz has partnered with some of the world’s most well-known athletic organizations, including Barcelona FC, Juventus, and Paris Saint-Germain in soccer, the Ultimate Fighting Championship (UFC) in mixed martial arts, and a number of gaming companies.
Fans may get started by signing up for the Socios.com website and earning CHZ, which can then be used to buy Fan Tokens for a certain athletic organization.
Fan Tokens are issued by internationally recognized sports teams and organizations and are tokenized representations of voting rights for their respective issuers.
While CHZ tokens are the platform’s exclusive currency, Fan Tokens are issued by internationally recognized sports teams and organizations and are tokenized representations of voting rights for their respective issuers. Users who own Fan Tokens for a team, in other words, can vote on whatever decisions the team chooses to crowdsource to their followers on Socios.
The Socios voting process is powered by smart contracts that run automatically and transparently on the Chiliz blockchain, and the selections up for vote might range from new jersey design selection to team pairings for forthcoming exhibition games.
To ensure maximum consumer appeal, organizations that fully embrace this crowdsourced decision engine can even allow fans to help determine which players are drafted onto the squad or develop new item designs.
Fan Tokens are frequently referred to as ‘Vote Tokens’ as a result of this.
Every athletic organization that uses Chiliz technology has its own limited amount of Fan Tokens, and when a new organization joins Socios, they must determine the first sale price of their Fan Tokens, which is in CHZ. In a Fan Token Offering, these Fan Tokens will be made available for purchase on a first-come, first-served basis at the agreed-upon pricing point (FTO). Before starting an FTO, Socios will make key details about the token release public, including the FTO’s start and end dates, the Fan Token’s opening price, and completely diluted market cap, allowing consumers to make well-informed investment decisions.
Chiliz Creates New Ways to Engage
While Fan Tokens are primarily meant to provide sports fans a say in the decision-making process of their favorite sporting organization, there are other ways users can benefit from these digital assets. Users can swap Fan Tokens with other users on Chiliz Exchange, Socios’ peer-to-peer (P2P) marketplace, once they have publicly acquired one via an FTO.
Chiliz Exchange is a simple web interface or an iOS/Android mobile app that helps stimulate user involvement, especially as demand for specific teams’ Fan Tokens swings in response to breaking news or forthcoming events.
Additionally, at the discretion of the issuing organization, Fan Tokens can be traded for other items such as VIP experiences, complimentary tickets, and limited-edition souvenirs.
Chiliz’ principal offering is Socios, however the company is constantly expanding its applicability.
The Chiliz Blockchain Campus, a privately-owned crypto incubator focusing on boosting blockchain technology adoption across Asia and Europe, was founded as a result of this approach to blockchain deployment.
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How Does Chiliz Work?
Chiliz’s extensive adoption of its sports entertainment platform is due to the fact that users from all over the world can engage with only a basic grasp of the system’s underlying blockchain technology.
Chiliz’ use of blockchain technology, while understated, is critical in guaranteeing that the digital assets in its ecosystem — CHZ tokens and Fan Tokens — are easily traceable, verifiable, and unchangeable.
A fixed quantity of 8.8 billion CHZ tokens was created on the main Ethereum network in October 2018 and allocated to early donors, with no public sales outside of what was made available through chosen cryptocurrency exchanges.
CHZ began as an ERC-20 token, but due to Binance Launchpool’s active engagement in launching new Fan Tokens as part of a strategic alliance with Chiliz, the token was also built to be BEP-2 compatible.
Fan Tokens, on the other hand, are created via a Proof-of-Authority (PoA) consensus mechanism on the Socios sidechain.
Instead of relying on network decentralization, PoA empowers a small group of pre-approved “authority” nodes to create and validate new blocks. Because these authority nodes are so important to the network’s security and success, the organizations or individuals who manage them are usually publicly identified in order to build trust in the system.
While the Chiliz team is now in charge of confirming the majority of the network’s transactions, Rakuten, a leading European retailer, recently announced that it will host an authority node on the Chiliz blockchain.
As Chiliz grows in popularity, the team intends to assemble a group of key partners willing to serve as network validators.
As a result, permissioned PoA networks like Chiliz are less decentralized than other blockchain networks that use standard protocols like Proof of Work (PoW) and Proof of Stake (PoS).
PoA networks, on the other hand, are scalable, secure, and capable of processing a large number of transactions per second, making them a good fit for collaborative commercial initiatives like Socios.
Furthermore, rather than the main Ethereum network, all of Socios’ trade activity and vote results are securely and transparently recorded on this sidechain, allowing Chiliz to better regulate the network’s gas prices and assure speedy and cost-effective transactions.
The smart contracts that are used to automatically execute the judgments generated from Socios’ fan influence polls are likewise managed by the Chiliz PoA sidechain. The Socios platform acts as an oracle, connecting the project’s permissioned sidechain to the Ethereum mainnet, and is the only way for CHZ and Fan Tokens to be exchanged.
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Everyone’s a Winner With Chiliz and CHZ
It was practically impossible for the typical sports fan to directly participate in the decision-making process for their favorite sports teams and organizations until the arrival of blockchain technology.
Chiliz’ cutting-edge sports entertainment platform employs blockchain technology to turn inactive spectators into active influencers, giving sports and esports organizations new methods to monetize audience participation.
Chiliz’ growing list of strategic partners and enterprise users continues to increase, and platforms like Socios and NBA Top Shot are providing a whole new dimension to the fan experience by subtly incorporating blockchain technology into popular commercial interests.
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