Bitcoim

Well i will express my opinions about what could be happen in a few days in bitcoin.Obviously we have been going on hard days for a couple of days. Now at the moment i am writing this, Bitcoin is about 36.7k. What i want to express is that there is an actually possibility that we can go on a rally in Bitcoin for next weeks. I will simply put some macroeconomic, psychological factors and state some indicators.

First of all the fall of the bitcoin to 29k was not a natural reflection of the markets. It was triggered by some newsand unfortunate manipulations. The bitcoin fear and greed index reached to the 11 which is extreme fear and the lowest in one year.

one year. What triggered this fall then?One of the answers is that Elon Musk. I can not sue Elon Musk if he was merely beneficial or harmful to cryptomarkets. I believe that overall he helped lots of money inflows to the Crypto Markets

With the promotion of Dogecoin, actually the total market 2 experienced an epic rally starting from 25 April 21' through 13' May inflow 600 billion dollars. And then what happened is that the factor of Elon Musk partially removed from crytpo markets over his negative comments on Bitcoin and suspension of Tesla payments with Bitcoin.Then total 2 market cap just turned back to where

it started in 25' April.Well actually this is called 'wyckoff' chart.The market periodically turns out to be where it started which a period could be minutes,to months or years .Well actually wyckoff effect is intersect with Market cycle.

What is interesting that when Total market cap finished his 18 days Wyckoff period Bitcoin performed in a divergent way. When bitcoin falls to 29k it finished its Wyckoff period which started from end of January 21.This is

good news for Bitcoin investors because investing Bitcoin means lower risks.Because it has already finished a market cycle.

If the total market cap 2 would have turned to its January levels whole market would crash and make unbelieavable damages to other cryptocurrencies rather than Bitcoin.

What caused total market2 performed much way better than Bitcoin? There was an excessive upward profit making greed trend. So this made people looking for low market cap cryptos and new oppurtunuties. However this trend went of the rails and everyday thousands of new tokens created on Bsc network in which most of them scams and operational laundry tools.

Some of them drawed a market cycle in one day or one week or even just minutes.Yes there are some tokens which is created and died after just in minutes. Unfortunately what i think is that in the crypto currencies which are called shitcoins we may see similar crashes in the following months. Some of them can loose their %90 value.

However when the attention changes its direction from total market 2 to Bitcoin the money will not exit so easily .I think it will flow to a safer harbour which is Bitcoin. The performance between btc and total market cap will differentiate

in the following months which has already started. If the total market cap 2 keeps its downward trending, there is a possiblity that bitcoin may experience a good rally.

İf the harsh waves calm down , bad news inflow stops İ believe Bitcoin will perform better than the general market.

There are other reasons why i am optimistic about bitcoin. Also Elon Musk effect is felt also too much. But there is a remarkable indicator that Elon Musk effect over crypto markets will wither in time. The Tesla stock prices are falling Elon Musk rank of the richest man on the earth turned down. Is this a coincidence? The high peak of Elon Musk tweets about cryptocurrencies he lost some fortune.I believe not. When Elon Musk promoted cryptocurrencies a bizarre affiliation between crypto and Elon Musk was set. That bizarre affilition created a antipath towards him pushing down Tesla stocks.

The losses on Doge coin and cryptomarkets in general deepened that antipathy.Wha i expect is that Elon Musk probably will exhibit a mild positive attitude through crypto currency after these events. When uncertainity and fear wither away over crypto the Bitcoin may perform well.

Bitcoin (BTC) Dips Under $30K, Starts Recovery

Bitcoin (BTC) did not start dipping below key levels on Wednesday, touching $26K prices on the daily candle. The price moves took the market by surprise, as BTC spent the past weeks with relative stability.

The recent crash happened on highly active trading, exceeding all previous records to reach $130B in the past 24 hours. Even by the volatility standards of crypto space, such trading and price action are rare and unprecedented.

Crypto markets function in an entirely unregulated fashion, and trading continued despite the wild price swings. One of the biggest hurdles was the fact that exchanges and brokerages stopped working and some disabled deposits. The price crash was a stress test for the entire crypto ecosystem, showing that dwindling liquidity and technical issues could block trading. 

The recent events sent the Bitcoin fear and greed index into “extreme fear” territory. BTC has not traded with this sentiment since the crash of March 2020, when prices were 90% lower compared to the current level. Read Full Story

BIP TBD – CODENAME: FOXTROT UNIFORM CHARLIE KILO ELON - A new method for energy saving with bitcoin mining

Abstract

To reduce energy consumption a new mining method is proposed which will cause substantial idle time to occur during the mining time for each block, resulting in up to 99% in energy savings. The changes only require new hash inputs

Motivation

To save energy because, you know, Elon

Proposal

In addition, the existing block hash, a tweet will be added from twitter as random text to the hash input strings. To ensure that a person cannot game the system, it is suggested to use tweets from the people of the likes of Elon Musk or Donald Trump, because neither is predictable, nor make any sense, nor are they even consistent with their own previous statements, they don’t even know what they’ll tweet next, therefore making it impossible for them to cheat the system.

In a typical day they spit out a random tweet around every 5 minutes, making in perfectly aligned with the bitcoin blockchain. In the event a tweet from them is unavailable , a new butt shot from Kim Kardashian will be used. Other sources of gibberish include Gretta Thunberg, the random sounds of Amber Heard hitting and screaming at her boyfriend, not to mention whatever shit Ellen does off set to her crew

Miners will only be able to mine when two tweets (or other data) are received in any 10 minute period, meaning they will be unable to mine until the ‘random bullshit tweets’ are included into the hash input, so there will be more idle time where it's impossible for them to mine

Risk

The main risk is the tweets and content from Elon, Trump, Kim, et al will need to be included in blocks. This is unacceptable, so for the benefit of the world, it's totally worth the extra cost to the environment to ensure these tweets don't end up in the blockchain. Therefore the authors suggest miners do what they’ve been doing and purchase green energy and invest where they can in new green energy sources

Cardano Rumor Rundown MAY 20 2021

Hey Everyone!

Let's go....

Newly covered today:

1. The ISO model entering the capital formation toolbox in Cardano is going to make the stake pool game extremely interesting with SPOs scrambling to find the right balance between rewarding ADA and giving their delegators other things like tokens. Some stake pools could even become like portfolio funds with relationships with many different projects the tokens of which are given to delegators. Babel Fees could also play a role here for smart SPOs as they may allow access to a wide variety of tokens in the ecosystem that could be used to reward delegators with a sort of index fund exposure to a wide variety of Cardano projects.
2. May Cardano 360 coming one week from today (always the last Thursday of the month). https://twitter.com/InputOutputHK/status/1395117067960045569
3. New delegations from IOHK are out. Congrats to the selected SPOs. https://twitter.com/InputOutputHK/status/1395087751746310156

Previously Covered but still interesting:

1. Cardano and Ergo got some positive coverage in CoinTelegraph. https://cointelegraph.com/news/life-beyond-ethereum-what-layer-one-blockchains-are-bringing-to-defi/amp
2. Thought: the crypto knowledge stack as to adoption is really tripartite: 1) technical, 2) crypto sentiment, & 3) legacy sentiment toward crypto (including financial sector, central banks, regulatory, and general public).
3. The Cardano Foundation drops the Native Token Registry! https://twitter.com/CardanoStiftung/status/1382700374755323916
4. Heavy criticism of the Occam Razer IDO continues. https://twitter.com/DCdoso/status/1382464770398371842 https://twitter.com/RichardMcCrackn/status/1382677290916712448 https://twitter.com/LiquidLandon/status/1382439109763891203
5. Occam replied with an open letter. https://twitter.com/OccamFi/status/1382432862654369798
6. You can now get Cardano exposure in your 401(k) and IRA accounts via iTrust Capital. https://finance.yahoo.com/news/cardano-ada-ira-401k-funds-113800620.html https://twitter.com/iTrustCapital/status/1382461184461271041
7. Santo Staking Pool will be launching “Skullys” NFTs on Cardano. https://finance.yahoo.com/finance/news/santo-blockchain-labs-mints-50-134500914.html
8. Yesterday was “Get ADA DAY” with the end of Epoch 259. I hope everyone straight killed it on staking rewards!
9. Now there is an app that will show you all of your Cardano NFTs. https://twitter.com/nft_craze/status/1383196757622878208
10. As always, we are the github champions this week. https://twitter.com/ProofofGitHub/status/1383087802305380359
11. Charles is right about the Doge bubble. This could be the excuse that the regulators use to go after the whole space. https://www.youtube.com/watch?v=rM9DWe3-glg
12. Here’s the Cardano Development Status Update for last week. https://roadmap.cardano.org/en/status-updates/update/2021-04-16/
13. A Cardano stake pool is actually helping people avoid scorpions, spiders, & snakes in Africa?!? https://twitter.com/DenicioBernier/status/1383497821026807818
14. There is really good information about Cardano’s deals in Africa and its developer adoption strategy in this Cardano Chats interview that kind of flew under the radar. Probably worth a listen if you haven’t heard it. https://youtu.be/m6TeNLvMTXI
15. There are even Ouroboros Omega tattoos now! https://twitter.com/Coinfera1/status/1383560914
16. We just experienced a big flash crash in price. A prime suspect is the drop in hash rate in BTC due to the Blackouts in China. Is the crypto space ready to accept that Nakamoto style consensus on PoW leads directly to unacceptable levels of centralization? This has been the dirty secret of PoW crypto and its decentralization loving enthusiasts for years. https://bitcoinmagazine.com/business/bitcoin-mining-hash-rate-drops-as-blackouts-instituted-in-china
17. Charles posted a somewhat cryptic tweet that read “Omega + Hydra + Mithral = GG”. The Ourobors Omega, Ouroboros Hydra, & Mithral parts we’ve covered before. Omega is a capstone rollup of Praos (2017), Genesis (2018), + Redux, +Chronos, +Ledger Combiners, +some other things from the rest of the space. Hydra is layer two. Mithral is trustless light wallets via zk-SNARKs. Guesses as to the “GG” ranged from “Good Game” (as in game over for competitors) to “Goguen”. See today’s video at the link above for more discussion on this. https://twitter.com/IOHK_Charles/status/1383792375860924424
18. Danger Will Cardanoson: we’ve got fake rare NFTs being minted in Cardano now. Always check the Policy ID. https://twitter.com/pool_pm/status/1383892319896621059
19. Today is Get ADA Day with the end of Epoch 260! I hope you crushed it! https://adapools.org/epochs
20. Hard wallet Catalyst voting is on the horizon! https://twitter.com/ATADA_Stakepool/status/1384204498009157635
21. IOHK is hiring something like 80 people. https://twitter.com/timbharrison/status/1384116617588535303
22. Biden Administration in early stages of regulating crypto. But, the news outlet here is reporting chatter among securities lawyers that Gary Genseler (new SEC Head) will approve a crypto ETF as a means of throwing a bone to conservative law makers. https://twitter.com/HukAleksandra/status/1384261829463924744
23. Africa special going down April 29th, 16:30 UTC!!!!!!! That’s 9:30amPacific; 10:30am Mountain; 12:30pm Eastern, 5:30pm Dublin; 7:30pm Addis Ababa; 11:30pm Bangkok. https://africa.cardano.org/ https://twitter.com/InputOutputHK/status/1384587491190222849 https://twitter.com/IOHK_Charles/status/1384582745116987393
24. Shahaf Bar-Geffen, CEO of COTI (the first recipient of a Cardano CFund investment), says he just finished recording his segment in the Africa special which he mentioned was airing at the end of April prior to the IOHK announcement of April 29th. He also said: 1) ADA Pay may be ready in early May or maybe even late April; 2) there will be a big launch for ADA Pay and once the Africa Special airs “everything will connect”; 3) “people are probably not getting how big this is….but you will down the line”; 4) COTI integration with a major exchange is happening, progress is not as quick as they would like, but it’s progressing; 5) last week they released the possible designs for debit cards, they are even considering some designs submitted by the community; 6) and iOS and Android integration is coming along nicely and well on the way. https://www.youtube.com/watch?v=EorsiQfEV7o
25. For a little more background on the work going on between COTI and Cardano, check out these links. https://www.youtube.com/watch?v=OJbMUHXmeOg https://news.bitcoin.com/cardanos-cfund-first-capital-goes-to-israeli-fintech-startup-coti/
26. It looks like Yellow Card and Payway are listed on the Africa Special website. Given their business models, it is easy to guess that they could be valuable in the Pan Africa Strategy. https://payway.et/ https://yellowcard.io/
27. Partnership with World Mobile in Tanzania. Credit to Reddit user /u/ricklepicklemydickle for originally finding this one. https://www.youtube.com/watch?v=m6TeNLvMTXI&t=2242s https://www.youtube.com/watch?v=IX3Fnb_l4zA https://worldmobile.io/ https://newslogical.com/cardano-partners-with-global-telecom-company-world-mobile/
28. Recap from yesterday: the Africa Special Announcements revealed some additional puzzle pieces 1) COTI’s AdaPay is possibly the larger payments infrastructure puzzle piece, 2) payway.et is possibly the local payments puzzle piece, 3) yellowcard.io is possibly the local coin exchange puzzle piece, and 4) World Mobile (not mentioned at africa.cardano.org AFAIK) may be the network connectivity puzzle piece. I think they are going to connect a lot of disparate pieces for us on the 29th.
29. Once again we are the champions! Not just of github commits this time, but also of total staked asset value. https://www.stakingrewards.com/
30. Rick interviewed CardStarter which is a Cardano accelerator. The interesting items are 1) it appears they are purporting to somehow insure their community backers against certain financial losses with caveats, 2) they plan to fund projects prior to token launch through token vouchers, and 3) it sounds like they are building a DEX called Card Swap. Notice that the “insurance” comes with caveats. They were very transparent on that point and people should take notice. Is CardStarter good? Is it bad? I have no idea. Watch the interview and form your own opinion. https://youtu.be/nIklWKtr_aY https://cardstarter.io/
31. The Cardano Foundation has adjusted its delegation strategy. This brings up a question: where does the balance lie between allowing Adam Smith’s hidden hand to work its free market magic and trying to help small pools? https://forum.cardano.org/t/the-cardano-foundation-s-delegation-methodology-is-changing/58465
32. More details on what the COTI/Cardano partnership will actually look like. Also COTI’s Trust Chain runs on a DAG. It’s probably high time we all understand WTF a DAG is. https://cotinetwork.medium.com/how-the-cardano-deal-can-grow-the-coti-ecosystem-some-personal-thoughts-8a6b495e3e3d https://coti.io/files/COTI-technical-whitepaper.pdf https://en.wikipedia.org/wiki/Directed_acyclic_graph
33. We’ve had really good reporting from the community on World Mobile developments with Cardano. I just want to take a second to thank you guys. Reddit user /u/ricklepicklemydickle first alerted us to the World Mobile developments and then youtube user Whiskey 1234 (love both usernames btw) let us know that he attended a conference where he encountered World Mobile and “asked them if they knew about Cardano blockchain and the reply was they were announcing partners at the end of this month.” Thank you very much for this intel guys.This is what Army of Spies is all about. Many thanks for your contributions, gentlemen.
34. Alko Sumatra Kopi is going to export 100 tonnes of coffee from Sumatra to China and track it all farm to cup using Emurgo Trace! We reported previously on the engagement of Emurgo Trace here and now it’s being put into action. https://emurgo.io/blog/emurgo-client-alko-is-the-first-enterprise-to-utilize-blockchain-for-coffee-traceability-in-southeast-asia
35. In Charles’s recent AMA, he mentioned that the Africa Special will be a Pan African event and they WILL talk about various deals they have in multiple countries. So, this tells us they do have multiple deals in multiple countries. That was a little unclear previously. https://www.youtube.com/watch?v=8mP0JSgf9CU
36. IOHK’s Development Update for this week includes news that end-to-end tests of the ERC-20 Converter are commencing along with a mention of some oracle work under the Goguen update section. https://roadmap.cardano.org/en/status-updates/update/2021-04-23/
37. The number of defi projects that have announced plans to be on Cardano just keeps climbing with Yayswap.io joining the list of Liqwid, Occam, and CardSwap/CardStarter.
38. Kraken publishes a “What is Cardano?” article. Says “...Cardano may not promise new ground-breaking features..” Oh yeah? What about native tokens that don’t require smart contracts? What about the EUTXO model allowing predictable and accurate local calculation of transaction fees in your wallet before you execute? What about a consensus algorithm that’s so good, another top 10 coin made their system derivative of it? That’s all standard these days? https://twitter.com/krakenfx/status/1386038990864793607
39. There’s a new stake pool explorer on the block. Check out the geographic map and the epoch calendar. https://poolpeek.com/epochcalendar
40. First reactions from the “Ocean” are looking good! https://twitter.com/Saifadin/status/1386305951293075456
41. I hope everyone enjoyed their sweet, savory, and delicious staking rewards yesterday! https://adapools.org/epochs
42. In today’s video, we’re also going to go much deeper on how the COTI DAG works. But, don’t worry at all you’ll totally understand it when we’re done.
43. Binance Smart Chain has already laid out a very compelling argument that we’re going to CRUSH Ethereum. https://twitter.com/TheADAApe/status/1386583952668958720
44. Charles does a big interview with Forbes and points out the huge differences between a bonded staking system (ETH) and a liquid staking system (Cardano). This is highly overlooked. https://www.forbes.com/sites/stevenehrlich/2021/04/26/cardano-and-ethereum-founder-analyzes-the-newest-evolutions-in-crypto-and--blockchain-technology/?sh=6acb258e3e52
45. Charles also covers his projections about interoperability and the future converging on a “wifi moment” when an interoperable “internet of blockchains” emerges. In this future, it will be a race to the bottom and the systems that are too expensive to operate will simply be priced out of the game.
46. New Africa Special Trailer dropped. The narrator: “We are partnering with African governments…” That was PLURAL governments, guys! This is getting exciting. https://twitter.com/InputOutputHK/status/1386772333902319618
47. The Africa Bird lands a few days early!!!!!!!! It’s a deal with the Ethiopian Ministry of Education to provide a Cardano ID solution and unified records system for 5 million Ethiopian students. Charles says there will be more news tomorrow at the Africa Special. https://www.nytimes.com/2021/04/27/business/dealbook/tesla-earnings-bitcoin.html. https://www.youtube.com/watch?v=yOTRp3PQKVk. https://twitter.com/IOHKMedia/status/1387051830442553351 https://iohk.io/en/blog/posts/2021/04/27/blockchain-finally-comes-of-age-with-worlds-biggest-blockchain-deployment/ https://www.cityam.com/ethiopia-overhauls-its-education-system-with-iohk-blockchain-partnership/
48. We’re getting reports from Army of Spies member /u/ ricklepicklemydickle that World Mobile is reporting in its telegram group that it will be dropping some news tomorrow!
49. A new Cardano metrics platform has launched https://cardanowaves.com/
50. Today is the Cardano Africa Special. It’ll be at 9:30am Pacific, 10:30am Mountain, 12:30pm Eastern, 5:30pm Dublin, 7:30pm Addis Ababa, 11:30pm Bangkok. 1:30amTokyo. Go enjoy! We’ll recap it after.
51. In today’s video we also cover questions about the relationship between Atala Prism and ADA and who will actually benefit from the Cardano Projects with African governments.
52. The Africa Special made it clear that Cardano has a brilliant grand strategy for the developing world. As framed by John O’Connor this would be: 1) provide digital identity; 2) provide digital transfer of value; and 3) provide programmability of that digital value.
53. Mickey Watkins (CEO of World Mobile) added a step zero to the formula above with: 0) provide access to the digital world.
54. As has previously been mentioned, it was officially announced that Cardano is partnered with World Mobile to provide digital connectivity to people in the developing world starting in Tanzania. They plan to have 100k subscribers in Zanzibar by the end of the year.
55. This is just the beginning in Africa. John O’Connor had a nice tweet that very succinctly laid out some future plans. https://twitter.com/jjtoconnor/status/1387919060197855234
56. Coindesk editor refuses to acknowledge that Cardano has a deal with a national government, gets relentlessly trolled, then finally capitulates and decides to cover the Ethiopian Ministry of Education project. https://twitter.com/zackseward/status/1387744629693599744 https://twitter.com/HukAleksandra/status/1387788814022844421 https://twitter.com/IOHK_Charles/status/1387937546978545667 https://twitter.com/IOHK_Charles/status/1387939251275198466 https://twitter.com/Cshuggin/status/1387986678741151745 https://twitter.com/IOHK_Charles/status/1388113533435482115 https://twitter.com/CoinDesk/status/1388192121006534657
57. The Cardano Africa Mini addition gives us more details on the actual rollout of the Ethiopia Ministry of Education deal: 1) all 700k teachers and a subset of the students who will get tablets will be registered in the first year; 2) all secondary school students will be registered in the second year which will bring us to 5MM students; and 3) the data will be used to analyze both students and teachers. https://www.youtube.com/watch?v=jKT_3clxeqw
58. If you don’t believe that Atala runs on Cardano please watch this video which lays out definitely and exactly how Atala runs on Cardano. Please feel free to wantonly debunk anyone on the interwebs who says otherwise. Thank you to IOHK technical architect Alexis Hernandez for this video! https://www.youtube.com/watch?v=8AbgzvOeb6w&t=31s
59. I don’t know if everyone watched the last few minutes of the Africa Special. But, I think a lot of people missed the section where John O’Connor said the goal of Cardano in Africa is to issue 100 MILLION digital identities in the next two years. To give you some idea of scale here, adapools.org shows a highest ever daily number of new wallets at around 71k. If we onboard 100 Million people via digital identity over two years that would be 136,986 people per day. ETH only has 150MM unique wallets to date. https://youtu.be/yRjj662kJsk?t=8615 https://adapools.org/analysis-query/wallets https://etherscan.io/chart/address
60. John also mentioned that all of the 100k subscribers to World Mobile in Zanzibar this year will have digital identities on Atala Prism. They will also be offering so-called “RealFi” loans by Q1 of next year that will be made via Cardano liquidity and will act as a bridge to real world value. https://youtu.be/yRjj662kJsk?t=8628
61. Charlie Munger thinks crypto is “disgusting”. That’s a wonderful thing because it tells you how early you are. This is especially true in Cardano which is a project that leads with empathy for the developing world. Will he still call that disgusting if we’ve brought financial inclusiveness to an entire continent in five or ten years. Probably he won’t say anything because he won’t have lived that long. But, you get the point. https://www.cnbc.com/2021/05/01/charlie-munger-calls-bitcoin-disgusting-and-contrary-to-the-interests-of-civilization.html
62. The state authorities in Wyoming are so far ahead of the curve it’s scary. Now they’re putting aside $4 million for staking. On the private side, Caitlin Long should be declared a state treasure for making a lot of this happen. https://twitter.com/Cardanians_io/status/1388756653311414272 https://decrypt.co/69390/university-wyoming-generate-revenue-crypto-staking
63. I will be in a tent in a beautiful place where there will be very limited internet access. So, no text format Cardano Rumor Rundown until Saturday. The youtube version has been pre-recorded and is scheduled to come out on the normal daily schedule: https://www.youtube.com/channel/UCWnSP49DJf-G9E0VfqDdBCA.
64. There is supposed to be some kind of mid-month update on Plutus. Charles hinted in a recent update that everything is going really well on that front. https://www.youtube.com/watch?v=786mOp2Xq7s
65. There will be an update on Mithril at the end of the month. You will remember from previous coverage that Mithril is a means to create trustless light wallets via recursive snarks similar to Mina. ZK-SNARK = zero knowledge succinct non-interactive argument of knowledge. https://www.youtube.com/watch?v=786mOp2Xq7s
66. Charles is setting aside $9MM to be shared by two research labs to be set up: one at University of Edinburgh and one at an undisclosed institution. https://www.youtube.com/watch?v=786mOp2Xq7s
67. Doge Mania might be hitting a new peak (as a cultural artifact at least) tonight with Elon’s appearance on SNL. There are many different perspectives you can take on how this might impact ADA. I find the following two the most interesting: 1) if the Doge pump is followed by an inevitable crash it could sour a giant group of new adopters on crypto; or 2) it might be a gateway drug that will turn a large group of new adopters on to better projects. https://twitter.com/elonmusk/status/1390774840135766019
68. The Essential Cardano List is published by IOHK. (credit to /u/cascading_disruption for pointing this out) https://twitter.com/InputOutputHK/status/1390728385945550848
69. Cryptodoggies.org NFTs are now available. The website says 50% will go to a community voted animal charity. https://www.cryptodoggies.org/
70. For those learning Haskell, Check out this new video on Type Theory. https://www.youtube.com/watch?v=Y7blCeETJo8
71. Also, Lars puts out a new Plutus Pioneers video on Native tokens. https://www.youtube.com/watch?v=6VbhY162GQA
72. ADA is the most crypto of all cryptos. George of CryptosRUs pointed out in a recent video that he couldn’t find any trace of a VC firm owning Cardano in its portfolio in his search of the categories section on CMC. This makes sense if you know Cardano. Would freedom and decentralization loving Satoshi not throw up a little in his mouth to find out that VC ownership of cryptos was a metric people would care about in 2021? The lack of VC stake in the very decentralized and freedom loving Cardano only adds to our already iron-clad claim on the mantle of the most crypto of all crypto projects. Our ecosystem never sought to attract VC money that would only centralize ownership in a smaller number of hands. This doesn’t even address the current extreme centralization of block validation in BTC and ETH. https://coinmarketcap.com/cryptocurrency-category/ https://etherscan.io/stat/miner?range=7&blocktype=blocks https://www.blockchain.com/charts/pools
73. IOHK has dropped a new article on the status of KEVM and IELE. Grigori Rosu of Runtime Verification says a proof-of-concept of IELE should be ready in six months. This is a key component in how we get to the ocean of all developers as we grow beyond the pond. https://iohk.io/en/blog/posts/2021/05/10/runtime-verification-iele-from-interoperability-to-universality/
74. Cardano saw a new challenger enter the scene with Internet Computer (ICP) debuting very high on the CoinMarketCap charts. However, a look into ICP makes one question whether they are really in the Gen. 3 Blockchain race at all given that available information indicates the blockchain runs via datacenters hosting standardized hardware and that those datacenters can only join the network with the permission of the “Network Nervous System”. You could say that the winner of the Gen. 3 Blockchain race needs to solve the blockchain trilemma of decentralization, security, and scalability. If that’s true, then it’s arguable that ICP is not even competing in the decentralization leg of the race. https://youtu.be/zHl-oVPoX88?t=97
75. The new venture of Sebastien, Nico, and Robert Kornacki is announced: https://twitter.com/dcspark_io. That’s a hell of a team!!!!
76. The Cardano Subreddit hit 400k users! https://www.reddit.com/r/cardano/
77. Alonzo Testnet Updates. https://cardanoupdates.com/ https://twitter.com/InputOutputHK/status/1392457888636022789
78. IOHK drops a blog entry on the strategic partners in the Plutus rollout! https://iohk.io/en/blog/posts/2021/05/12/developers-add-muscle-to-plutus-smart-contracts-on-cardano-for-defi/
79. Does Elon’s move away from BTC (ostensibly for environmental reasons) hold promise for ADA? https://twitter.com/elonmusk/status/1392602041025843203
80. The case for Cardano to replace BTC with Tesla and beyond is building. https://twitter.com/CardanoStiftung/status/1392806669810339851 https://twitter.com/elonmusk/status/1392950720979030019
81. Charles makes the case for collaboration with Starlink in Africa. https://twitter.com/IOHK_Charles/status/1392916783854616577
82. People are starting to realize what the real value of NFTs will be. It’s not in collectibles. https://twitter.com/RaoulGMI/status/1392939118355783682
83. The Cardano Development Update for this week is out. https://roadmap.cardano.org/en/status-updates/update/2021-05-14/
84. The Cardano 360 team also dropped a video with specific mid-month Alonzo testnet updates. At the timestamp in the link below the vid lays out the various test groups and when they will participate. https://twitter.com/InputOutputHK/status/1393258090703826944 https://youtu.be/5mPC4uLMdEw?t=532
85. We are seeing some small pools retiring. We’ll obviously see more and more of this as time marches on. But, here’s a salute to the small pools that gave it a go! This SPO also brought us poolpeek.com which we have covered here before. https://twitter.com/CardanoBudz/status/1393252321845465088 www.poolpeek.com
86. John O’Connor on CNBCAfrica! He gave a really good explanation of how Africa with it’s already very high adoption of mobile payment wallets can leapfrog the legacy payment systems currently in use in more developed countries. He also reiterated that Cardano will expand to five countries this year and 20 next year! https://youtu.be/RET8hIQQLUA
87. This tweet by u/TheADAApe pretty much sums it all up. When people ask me how I knew, I’m going to point them to this post. https://twitter.com/ArmySpies/status/1393606491110662146
88. To hear about something truly good happening in the Cardano ecosystem check out this interview with Mickey Watkins, CEO of World Mobile, on the Hotel Cardano podcast. Really good details on World Mobile's connecting the unconnected in sub-Saharan Africa! https://youtu.be/L15bn_b2moA
89. What if these two got to talking about what Atala Prism could bring to the table for students in the city of Miami? https://twitter.com/IOHK_Charles/status/1393574632305868805
90. The saga of BTC maximalists being angry at Elon continues with Elon implying that Tesla could sell its BTC while Cardano continues just doing its thing like normal. https://twitter.com/elonmusk/with_replies
91. Likewise, Marc Cuban tried to FUD real world use of Cardano only to be confronted with a giant infographic of use cases and partnerships along with an explanatory video just for him. https://twitter.com/mcuban/status/1393646131708665858 https://twitter.com/IOHK_Charles/status/1393689887648272384
92. Initial Stakepool Offerings (“ISOs”) are here. Crypto is no stranger to novel means of capital formation and now the Cardano ecosystem is getting in on the action. Here is SundaeSwap’s explanation of how ISOs will work. https://sundaeswap-finance.medium.com/iso-sundae-with-the-works-c5c335101ef5
93. ICYMI, Manuel Chakravarty reminds us all that his Cardano Summit 2020 talk is publicly available for questions on native assets. Really interesting discussion of the asset identifier just being a hash of the policy script and how that helps create a super lightweight easy to use system. https://twitter.com/TacticalGrace/status/1394263629088923649
94. Elon confirms that Tesla has not sold any BTC. https://twitter.com/BTC_Archive/status/1394051036462071808
95. Charles makes a whole video about how to fix Doge. https://youtu.be/iQd9XjEm8EE
96. The Ecosystem is getting even bigger every day we inch closer to Alonzo! https://twitter.com/TyIsDigital/status/1394345977952284676
97. The Cardano Foundation is out to do something incredible with supply chains as described in the fireside chat! In his previous Cardano Live appearance, Frederik Gregaard, CF CEO, also expressed a very healthy and sustainable perspective on what DeFi should become. He compared the current state of DeFi to just moving funds from your left pocket to your right pocket and taking profit. https://youtu.be/d8uPMZplfeM https://youtu.be/xbMSQUA1lss

~Army of Spies

Update: A Chart to give you a better grasp of where we currently are and what we can expect from here

This is an update on an earlier to post that compared Bitcoin's current cycle to it's previous cycles. Last time, I mentioned two equally probable scenarios: a bullish and a bearish one. Recent events suggest the bearish scenario is more likely now, so I will be diving deeper into what a bearish scenario could mean for Bitcoin.

IMAGE OF CHART*

Key Considerations:

• I took the BTC's snapshots from each halving period until the market peak. An exemption is made for the first cycle in which the market data starts from July 17, 2010.
• All the cycle comparisons start at the most recent halving on May 11, 2020.
• As of today, we are ~375 days in the current cycle.

Key Takeaways

• BTC's cycle tops have diminishing returns and cycles are longer. So the 2020-21 chart (green) is mathematically expected to be below the 2017-18 chart (blue).
• The 2020-21 cycle is ahead of schedule. A similar trend, "premature bubble", occurred in the 2012-2013 cycle; but the price action eventually corrected. Again, this is what seems to be happening now.

What does this mean in relation to price/trend action?

• If 2020-21 were to follow the laws of diminishing returns and lengthening cycles, this could mean Bitcoin consolidates in the $50k to $25k range—maybe even lower.
• The 2013-14 cycle dipped (-72%) and consolidated for ~97 days before starting another rally. It also took ~200 days to reclaim its ATH before going on a 1-month rally to market cycle top. It's unsure whether Bitcoin's current cycle would uphold this pattern but one may use this as a grounded timeframe.

Of course, I will reiterate "you cannot use the past to predict the future." This is, by no means, an attempt to predict the market. The important takeaway is to stay level-headed and not to expect anything. Bitcoin will go up, down, or sideways regardless how individuals or math thinks about it. Take this chart with a pinch of salt; maybe even a handful.

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\* ^{Could just be me but there seems to have been a rule change on inserting images to text posts.}

Collecting Bitcoins to Use In a Transaction

After to getting an essential information on how the wallet truly work and what bitcoin is , you might need to get into the computerized currency world and get some bitcoin for yourself. Subsequently the central issue shows up to your mind: How to get bitcoins? Did you know you can buy and exchange Bitcoin with Paypal? This YouTube video 如何将比特币 explains how btc to paypal transfer works .

Becoming difficult

First you must get knowledge on the orgin of each and every bitcoin, which is based on a mining interaction, you'll accept that the most ideal approach to get them is by joining this mining cycle. Indeed, this has gotten troublesome, in light of the fact that the popularity of this crypto currency growing.

Sell products or services

Each bitcoin comes as the consequence of a past transactions. Consequently, the best approach to get them, when you don't have any, is by accepting an exchange from another person, when you buy them utilizing cash or additionally by mining new bitcoins. In the case when you know a person, who utilizes bitcoins, you can ask him/her to sell bitcoins to you. On the off chance that you don't know any individual who posses them, you can get bitcoins by offering another sort of exchange with simply one more bitcoin client, resulting you getting paid in bitcoins. The good alternative choice is by mining them yourself. The majority question of Bitcoin owners is how to exchange Bitcoin to paypal ? The answer is very simple - You must use specialized crypto exchanges platforms like a Swingexchange.

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https://preview.redd.it/ja9tojhhv7071.jpg?width=960&format=pjpg&auto=webp&s=45b630f151b7f8e5a4e1511f76e0cd55c2d4d644

Mining

You can get Bitcoins by mining them if you can't buy it from another person. The term mining here implies: tackling a complex numerical issue, which goal is to approve others exchanges. Consequently of that you're awarded with bitcoins. Accepting bitcoins is sometimes free, but an expense might be incorporated for sending them, it depends upon the online platform you use. Before to getting into mining bitcoins, you need to comprehend, that it is anything but a simple method to get bitcoins, it requires some tech information and knowledge, which may not be practical for you.

Buy

In the event that, you don't know any individual who owns bitcoins, you don't have anything to exchange to trade for bitcoins, there's a method to purchase bitcoins. There're a few online wbsites, these sell bitcoins by a cycle called exchanging/trading. I will show you a few different ways you can buy and exchange ethereum, bitcoins or dogecoins on great a video 以太坊和狗狗币兑换成PayPal about cryptocurrencies exchange. In this video learn where to buy bitcoin, ethereum or dogecoin with Paypal and much more.

Three things that are not being talked about enough in current events. (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/ngrl13/three_things_that_are_not_being_talked_about/