What risk to CNDCs pose to Bitcoin?

If there were a big event that somehow forces people to move from regular fiat to CBDCs, what risk could that pose to Bitcoin?

Would they just restrict or cut off our access to buy more?

(Sorry if I am talking gibberish, it's something I've only just started hearing about)

Ergo Community Updates

Ergo Community Updates from the Past 2 Weeks

Welcome to this week's edition of the Ergo Community Newsletter. Below are the most important updates, covering development, market insights, token performance, and community activities from the past 10 days.

Key Updates

• ErgoHack IX: The Ergo Foundation has officially announced ErgoHack IX, focusing on improving UI/UX. This hackathon will take place from October 25-31, 2024, on Ergo's Discord channel. Participants can register at ergohack.io/register and view the full schedule at ergohack.io. Discussions about potential project ideas are already underway in the #🛠│development chat.
• Emission Reduction: u/kushti reminded the community about the imminent emission reduction, which will see a decrease from 48,600 ERG mined daily as during the first 3 years, reduced by 3 ERG yesterday. This change is pivotal for market dynamics and the long-term sustainability of the platform. Source.
• Upcoming Releases: u/kushti announced that version 5.0.23 is now in testing. Monday, with a call for community members to assist in testing. This version will bring enhancements such as operational lock caching threads for both server and desktop environments.
  • Please help with testing, if you can build from PR. Especially needed for limited devices like Raspis !
• Support Transition: The support for watcher-service versions prior to 3.0.0 has officially ended. Users are encouraged to upgrade to the latest version. Source.
• SkyHarbor UI Update: u/thequok announced significant progress on SkyHarbor UI Version 2, promising enhanced speed and usability for users.
• Bounties for Sigma-Rust Issues: For more information, check the bounty details shared by u/kushti here.
• Philosophical Insights on Smart Contracts: Read @kushti's reflections on smart contracts here.

🔧 Development Updates

• Nautilus and Ergo GraphQL Updates: @arobsn has released updates for the Nautilus wallet (v0.14.1) and Ergo GraphQL (v0.5.2). These updates address a variety of bugs and significantly enhance functionality, contributing to a more robust user experience across the platform. More Details.
• 6.0.0 Release & Protocol Updates: Version 6.0.0-alpha2 is expected to be released soon, with final PRs being polished. More Details.
• Rust Node Development: Ongoing development of a Rust node was highlighted by @kushti, with a bounty available for integration work. Discussion.
• Rosen Bridge Updates:
  • Ethereum Bridge Testing: The Rosen team has initiated semi-public testing for the Ethereum bridge, with public traces now available in the #rosen channel. This testing phase is crucial for ensuring the bridge's reliability and performance before its full launch.
  • Rosen Testing Update: The Rosen testing group made significant progress this week. Testing was successfully concluded, and the team is now integrating the feedback and fixes into the main code in preparation for deployment.
  • Rosen Bridge App Updates: @armeanio announced updates to the Rosen Bridge app and associated codebases as part of the ETH integration test. More Information.
  • New Token Alert: @armeanio announced the issuance of a new token, rsn-SHARK, used for mining pool tests. Discussion Link.
  • API Enhancements: The Sigmaspace.io explorer has added new endpoints to its API, which will soon include those utilized by the Rosen bridge watcher, facilitating better watcher configuration.
  • Future Developments: Emphasizing open protocols, @armeanio urged the importance of better documentation and resources to foster a decentralized ecosystem. Full Discussion.
  • Upcoming Features: @armeanio mentioned that significant updates and testing phases will be occurring soon. More.
• Mining Developments: The Sigmanauts mining pool is currently beta testing a new feature that allows miners to swap their mining rewards. Users now have the option to mint miner ID tokens or choose to burn them, thus offering more flexibility in managing rewards.
• Tokenized Ergo Merchandise: Sigmanauts have started selling tokenized Ergo merchandise via MewMart. Check it out: MewMart Phygital Store.
• Satergo v1.8.0 Released: The new version of Satergo wallet, v1.8.0, is out! It brings new features like airdrops from a spreadsheet, UTXO consolidation, token burning, multi-address transactions, improved transaction history, and better accessibility support. Learn more here: Satergo.
• Ergo Support for Stax and Flex Devices: A developer has been found to add Ergo support for the new Stax and Flex devices, starting work from Monday, Oct 7th. After support is added, the Ledger team will conduct functional testing and a third-party audit before adding it to Ledger Live.
• Mew Finance Token Presale: Mew Finance has started its token presale. Remember to do your own research before participating: Mew Finance Presale.
• Lithos and NISP Contracts: Lithos developers have completed the first prototypes of NISP contracts and are now testing them using the 6.0 devnet.
• Bulk Minting Protocols: Addressing transaction cost discussions, @kushti proposed the potential implementation of bulk minting protocols to enhance usability and reduce expenses for users on the Ergo platform. Source.
• Transaction Throughput Insights: @kushti elaborated on the technical limitations affecting transaction throughput, explaining that heavy cryptographic operations pose the main challenge rather than transaction size. The community is eager for improvements in transaction processing speeds with the forthcoming multithreading and pruning features scheduled for next year. Source.
• P2P Layer Improvements: @kushti shared insights on advancements in peer-to-peer (P2P) layers since Bitcoin's inception, noting the necessity for randomization and security enhancements in these protocols, especially given the increasing centralization in certain cryptocurrencies. Source.
• SigmaSpace API Updates: u/pgr456 announced new endpoints for the SigmaSpace API, and sponsorship for server costs was secured from the Ergo Foundation. Discussion.

📈 Market Updates & Token Performance

• Mining & Market Trends: @kushti shared insights into market trends, mining updates, and community engagement with projects like Ergo. Miners are actively discussing their economic impact. Latest Updates.
• Top Token Performance: @kushti shared the top 5 tokens based on performance, including Mi Goreng (+15.21%) and Bober (+14.28%). Discussion.
• Additional Token Insights: @kushti also highlighted tokens like Donald Duck 100x (+18.52%) and rsHOSKY (+5.76%). Full Discussion.
• Market Behavior & Geopolitics: @kushti commented on contrasting market behaviors in response to geopolitical events, highlighting the influence of traditional finance on current dynamics. Discussion Link.
• Uniswap Listing: @jackisback2 announced that Ergo will soon be available on Uniswap, marking a significant milestone for the community. More Information.
• Real-World Adoption: @kushti emphasized the importance of real-world adoption, reflecting on community engagement and marketing efforts. Full Discussion.

🏗️ Community Engagement & Ecosystem Growth

• Fundraising & Spending Innovations: @kushti suggested innovative ideas for improving community control over fundraising and spending via Ergo contracts, such as smart orders for buyback guarantees. More Info.
• Ecosystem Growth: u/armeanio expressed satisfaction with the ecosystem's growth, particularly the development of the fully functional bridge for asset transfers. Discussion.
• Stablecoin Rush: Following Tether’s reported profits, u/armeanio discussed the rush toward stablecoins and the implications of regulatory measures on the crypto space. Details.
• P2P Economy Discussions: There was a great discussion on blockchain-based peer-to-peer economies with notable members of the Nervos community on X (Twitter) Spaces. You can catch the recording here: Twitter Spaces Recording. (Make sure you're logged in!)
• Food Security Discussions: Engaging conversations took place within the community regarding food security and the essential role of grassroots sustainable finance. u/kushti stressed the necessity of replacing traditional financial systems with decentralized alternatives that can better serve communities.

🛠️ Workshops, Hackathons & Proposals

• Educational Workshops Proposal: @kushti proposed discussions on foundational blockchain concepts like Proof-of-Work and Merkle trees, aimed at students and developers. Full Proposal.
• Hackathon Sponsorship: @mgpai announced the Ergo Foundation’s sponsorship of a college hackathon in mid-November, focusing on UI/UX design and mining solutions. Details Here.
• Hackathon Ideas: @kushti encouraged ideas for ErgoHack IX, including anonymous voting systems, user-friendly wallets, and SigmaO improvements. Discussion Link.

💡 Ideas & Innovations

• Innovative Ideas for ErgoHack IX: @mdmtxo proposed several innovative concepts for the upcoming hackathon, including the development of on-chain procedural NFTs and visualization tools for memory pools. These ideas are expected to spark creativity among participants.
• New Web App Proposal: Ioannis Leontiadis proposed a web app connecting tutors and students, incorporating Ergo for payment validation. @kushti and @mgpai supported the idea. More Details.
• Reversible & Timed Payments: @kushti introduced two innovative payment ideas for ErgoHack IX: reversible payments and timed payments in Ergo Wallet apps. Reversible Payments | Timed Payments.

Translation & Accessibility

• Javanese Translation of Ergo Manifesto: @chris45new completed a Javanese translation of the Ergo Manifesto, making it more accessible for Indonesian speakers. View Translation.

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Backing up earth

Are you concerned about a Carrington event or something else wiping out all the nodes on earth? We could always just launch some satellites with bitcoin nodes to orbit the sun. There would always be one communicating with earth, and they could communicate with each other around the orbit to update on a delay so there would be minimal catching up to do as the farther ones approach earth each year, or less depending on the speed and direction of orbit. This may not be necessary but I had not seen it mentioned and wanted to share the idea!