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Sunday, May 23, 2021

(InvestorWire)AABB Crypto Exchange Development Milestone 5/11/2021

InvestorWire - Asia Broadband Inc. (OTC: AABB) ("AABB" or the "Company") is pleased to announce that the Company has achieved numerous development milestones in the initial month of building its proprietary cryptocurrency exchange (the "Exchange"). Subsequent to the recent launch of the Company's AABBG gold-backed token, created with developer Core State Holdings, Corp. (CSHC), AABB's own proprietary cryptocurrency Exchange version of AABB Wallet has been under development. The Exchange will allow AABB Wallet users to complete quick two-way exchanges of their AABB Gold tokens for major cryptocurrencies such as Bitcoin, Ethereum and Litecoin. The proprietary Exchange will also add tremendously to transaction fee revenues and allow for the price appreciation of AABBG, influenced by market demand and the limited supply of tokens released into circulation.

One of the worlds leading gold producers recently commented about its precious metals sector and endorsed the importance of cryptocurrencies that are an exchangeable method of payment for purchases worldwide. The unique and pioneering mine-to-token qualities of the AABBG token have laid the foundation to become a worldwide standard of exchange that is secured and trusted with gold backing.

https://www.kitco.com/news/2021-05-06/Barrick-Gold-s-Mark-Bristow-on-how-to-out-flank-bitcoin.html

After the first month of development, the Exchange completion timeline is on the planned path for testing in mid-August with the live Exchange launch expected in early September. The major development components planned for completion in the coming months are the cold wallet, web-versions of the wallet and Exchange, transaction fee mechanism, trade platform and reporting system.

The first month of the Exchange development centered around preparing the network, platform, design and algorithms. Some of the development highlights were as follows. The improvement and optimization of the network foundation was completed, adding additional visitor capacity. The blockchain network was upgraded to allow rapid two-way transfers from the blockchain to the wallet and also allow the efficient addition of other currencies to the Exchange. The design for the iOS, Android, and Web-version of the Exchange was completed. Updated versions of the iOS and Android applications were submitted for approval with new functionality and to increase the speed of mobile applications and add information capacity to the Exchange. The KYC protocols began the streamlining process for the Exchange to allow easier user completion and system acceptance.

About Asia Broadband

Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. The Company has recently released its freshly minted mine-to-token gold-backed cryptocurrency AABB Gold token (AABBG) and strives to become a worldwide standard of exchange that is secured and trusted with gold backing, an outstanding quality relative to other cryptocurrencies.

Contact the Company at:InvestorBrandNetworkGeneral Email: ir@asiabroadbandinc.comToken Support : www.AABBGoldToken.com/support/Company Website: www.asiabroadbandinc.comToken Website: www.AABBGoldToken.comPhone: 702-866-9054 Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.'s (the "Company") expected current beliefs about the Company's business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.

Corporate Communications:

InvestorBrandNetwork (IBN)

Los Angeles, California

www.InvestorBrandNetwork.com

310.299.1717 Office

Editor@InvestorBrandNetwork.com

https://ml.globenewswire.com/media/e528907f-e57c-44c9-b289-1bdaf0bb5f87/small/aabb-logo-png.png

(InvestorWire) AABB crypto exchange Development achieved progress and milestone

5/11/2021 InvestorWire Asia Broadband Inc. (OTC: AABB) ("AABB" or the "Company") is pleased to announce that the Company has achieved numerous development milestones in the initial month of building its proprietary cryptocurrency exchange (the "Exchange"). Subsequent to the recent launch of the Company's AABBG gold-backed token, created with developer Core State Holdings, Corp. (CSHC), AABB's own proprietary cryptocurrency Exchange version of AABB Wallet has been under development. The Exchange will allow AABB Wallet users to complete quick two-way exchanges of their AABB Gold tokens for major cryptocurrencies such as Bitcoin, Ethereum and Litecoin. The proprietary Exchange will also add tremendously to transaction fee revenues and allow for the price appreciation of AABBG, influenced by market demand and the limited supply of tokens released into circulation.

https://www.kitco.com/news/2021-05-06/Barrick-Gold-s-Mark-Bristow-on-how-to-out-flank-bitcoin.html

About Asia Broadband

Corporate Communications:

InvestorBrandNetwork (IBN)

Los Angeles, California

www.InvestorBrandNetwork.com

310.299.1717 Office

Editor@InvestorBrandNetwork.com

https://ml.globenewswire.com/media/e528907f-e57c-44c9-b289-1bdaf0bb5f87/small/aabb-logo-png.png

Down

It’s been almost 7 months since I lost my mom, was her birthday on the 18th. She was found unresponsive on the 19th in the early morning. Doctors said it was 6 hours roughly from time she was found laying helplessly on the floor. I never got to say goodbye, and throughout all this I’ve been trying to man up and be the support my family has needed in this hard time. I’ve covered everything funeral wise which was roughly 12k in costs. Was denied the CPP for death benefit which was 2500. And was going to be used to pay for her tombstone. And since being declined that, everything has been wiped from under me, and the stress has become so much to come up with $2800 to pay for her tombstone so she can finally Rest In Peace comfortably. I feel although I spent my savings on all of this that it’s still not enough I’ve been down and out after feeling that I couldn’t have done this. I have family writing me daily wondering when I’ll have that tombstone put in, I feel horrible as it is yet they love to make me feel even more down. We didn’t do the burial yet as it was winter time when she passed and they said it would be June we could do this. Which I still haven’t event paid for this tombstone, I’ve struggled everyday with this loss. She was a single mom, a best friend and most of all the person who taught me so much. Every night I find myself crying myself to sleep, and having no motivation and lack sleep as when I close my eyes I still picture her in the hospital bed during her final breaths that whole experience has left me feeling like a different person. To sit there and watch the woman who loved me first and cared for me and although her finances weren’t ever amazing that woman gave me the world and I feel so ashamed that I haven’t came up with the money to purchases this tombstone yet I feel like I’ve been a horrible son, and I feel like the family looks down on me for this still. The experience and watching what this brain aneurysm done and how it even rattled my whole life has had me wanting to give up, losing her has changed my life and question a lot of it. That girl was everything to me and honestly losing a parent has been one painful time and created a lot of doubt. I never wanted to ask or go to anyone for help and have this all covered for my beautiful mama but sadly I am in no financial place to purchase this tombstone that’s $2800, I’ve been off work since. I know 2800 is not much but to me it seems to be so much at this time if I had one wish in life it would be to pay for this tombstone so I can visit my mom and be with her it hurts me so much, I hope maybe the people of Reddit or who’s in a financial position may make that wish come true I honestly would be grateful more than I could express

I don’t know really how I could but it just breaks me to no I have not done this yet myself I know there’s good people out there and they won’t judge also know some may have words for me and I understand. So with this all being said

I have a Bitcoin wallet that I’ll post or msg and Incan give it to you in hopes some may find it in there hearts to help . Any amount is more then enough and so kind of you $2800 loonies is all this takes to pay for that tombstone So if you can and do or have questions I’d be more then willing to answer those

Thanks for reading this and taking that time out of your day

I miss you mom and love you so much

bc1qpc6wctf09r57hv8d5lw22nwy9fmqzfac9zs9hs

I can also provide a email address that I can accept e-transfer.

Have a good day

Cardano Rumor Rundown MAY 23 2021

Hey Everyone!

Let's go....

Newly covered today:

Even the Pope is condemning Proof-of-Work? At least, that’s how the crypto community took a recent tweet. https://twitter.com/Pontifex/status/1394993742226939905
Apparently, you can now have your own Stakepool run for you for $122/month in a Stakepool-as-a-Service arrangement. https://twitter.com/ChrisGraff/status/1396169061487333380
If you want to see how the Cardano NFT space has been heating up, you can check out CNFT resale listings at Lovelace Marketplace. https://lovelacemarketplace.io/all-categories/
Ethiopia awards new Telecom license as promised. The winner, a consortium including Vodafone, Safaricom, and Sumitomo; will invest $8 billion in their network in Ethiopia in the next 10 years and will cover the country in 4G. https://www.bloomberg.com/news/articles/2021-05-22/ethiopia-awards-new-telecoms-license-to-vodafone-consortium https://twitter.com/AbiyAhmedAli/status/1396060475184533505

Previously Covered but still interesting:

There are even Ouroboros Omega tattoos now! https://twitter.com/Coinfera1/status/1383560914
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
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
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
Today is Get ADA Day with the end of Epoch 260! I hope you crushed it! https://adapools.org/epochs
Hard wallet Catalyst voting is on the horizon! https://twitter.com/ATADA_Stakepool/status/1384204498009157635
IOHK is hiring something like 80 people. https://twitter.com/timbharrison/status/1384116617588535303
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
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
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
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/
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/
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/
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.
Once again we are the champions! Not just of github commits this time, but also of total staked asset value. https://www.stakingrewards.com/
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/
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
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
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.
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
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
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/
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.
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
There’s a new stake pool explorer on the block. Check out the geographic map and the epoch calendar. https://poolpeek.com/epochcalendar
First reactions from the “Ocean” are looking good! https://twitter.com/Saifadin/status/1386305951293075456
I hope everyone enjoyed their sweet, savory, and delicious staking rewards yesterday! https://adapools.org/epochs
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.
Binance Smart Chain has already laid out a very compelling argument that we’re going to CRUSH Ethereum. https://twitter.com/TheADAApe/status/1386583952668958720
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
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.
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
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/
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!
A new Cardano metrics platform has launched https://cardanowaves.com/
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.
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.
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.
Mickey Watkins (CEO of World Mobile) added a step zero to the formula above with: 0) provide access to the digital world.
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.
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
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
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
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
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
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
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
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
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.
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
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
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
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
The Essential Cardano List is published by IOHK. (credit to /u/cascading_disruption for pointing this out) https://twitter.com/InputOutputHK/status/1390728385945550848
Cryptodoggies.org NFTs are now available. The website says 50% will go to a community voted animal charity. https://www.cryptodoggies.org/
For those learning Haskell, Check out this new video on Type Theory. https://www.youtube.com/watch?v=Y7blCeETJo8
Also, Lars puts out a new Plutus Pioneers video on Native tokens. https://www.youtube.com/watch?v=6VbhY162GQA
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
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/
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
The new venture of Sebastien, Nico, and Robert Kornacki is announced: https://twitter.com/dcspark_io. That’s a hell of a team!!!!
The Cardano Subreddit hit 400k users! https://www.reddit.com/r/cardano/
Alonzo Testnet Updates. https://cardanoupdates.com/ https://twitter.com/InputOutputHK/status/1392457888636022789
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/
Does Elon’s move away from BTC (ostensibly for environmental reasons) hold promise for ADA? https://twitter.com/elonmusk/status/1392602041025843203
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
Charles makes the case for collaboration with Starlink in Africa. https://twitter.com/IOHK_Charles/status/1392916783854616577
People are starting to realize what the real value of NFTs will be. It’s not in collectibles. https://twitter.com/RaoulGMI/status/1392939118355783682
The Cardano Development Update for this week is out. https://roadmap.cardano.org/en/status-updates/update/2021-05-14/
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
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
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
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
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
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
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
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
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
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
Elon confirms that Tesla has not sold any BTC. https://twitter.com/BTC_Archive/status/1394051036462071808
Charles makes a whole video about how to fix Doge. https://youtu.be/iQd9XjEm8EE
The Ecosystem is getting even bigger every day we inch closer to Alonzo! https://twitter.com/TyIsDigital/status/1394345977952284676
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
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.
May Cardano 360 coming one week from today (always the last Thursday of the month). https://twitter.com/InputOutputHK/status/1395117067960045569
New delegations from IOHK are out. Congrats to the selected SPOs. https://twitter.com/InputOutputHK/status/1395087751746310156
The Cardano Foundation has released the full video of the Fireside Chat with Eva and Fred. Lots of questions answered on a variety of fronts. Very interesting remarks including that in discussions with financial institutions, Fred has found they are interested in exposure to the alpha provided by the asset class in general, tokenization of assets, and the yield provided by staking rewards. Fred counters that they SHOULD be far more interested in the Cardano standard including the concepts of reference accounts, programmability of money, and transaction metadata. https://youtu.be/JW6s9Jkyazg
In a video press release yesterday, the Fed finally admitted that it’s moving toward a central bank digital currency (just like every other central bank). This will eventually be impactful on Cardano and every other crypto ecosystem. https://youtu.be/WOAQxpG79Ag
The Treasury is trying to figure out how to get cryptocurrency regulation in a headlock. This will probably go hand-in-hand with the Fed’s March toward a CBDC. Afterall, what good is all the tracking and monitoring afforded by a CBDC if it’s easier for everyone to just use a non-central bank digital currency? Tax evasion in crypto is also obviously a target problem since we know only about 800 people a year paid taxes on crypto in 2013-2015. https://www.cnbc.com/2021/05/20/us-treasury-calls-for-stricter-cryptocurrency-compliance-with-irs.html https://home.treasury.gov/system/files/136/The-American-Families-Plan-Tax-Compliance-Agenda.pdf https://www.businessinsider.com/bitcoin-taxes-overview
The Cardano Foundation has released the full video of the Fireside Chat with Eva and Fred. Lots of questions answered on a variety of fronts. Very interesting remarks including that in discussions with financial institutions, Fred has found they are interested in exposure to the alpha provided by the asset class in general, tokenization of assets, and the yield provided by staking rewards. Fred counters that they SHOULD be far more interested in the Cardano standard including the concepts of reference accounts, programmability of money, and transaction metadata. https://youtu.be/JW6s9Jkyazg
In a video press release yesterday, the Fed finally admitted that it’s moving toward a central bank digital currency (just like every other central bank). This will eventually be impactful on Cardano and every other crypto ecosystem. https://youtu.be/WOAQxpG79Ag
The Treasury is trying to figure out how to get cryptocurrency regulation in a headlock. This will probably go hand-in-hand with the Fed’s March toward a CBDC. Afterall, what good is all the tracking and monitoring afforded by a CBDC if it’s easier for everyone to just use a non-central bank digital currency? Tax evasion in crypto is also obviously a target problem since we know only about 800 people a year paid taxes on crypto in 2013-2015. https://www.cnbc.com/2021/05/20/us-treasury-calls-for-stricter-cryptocurrency-compliance-with-irs.html https://home.treasury.gov/system/files/136/The-American-Families-Plan-Tax-Compliance-Agenda.pdf https://www.businessinsider.com/bitcoin-taxes-overview
Charles has now added the Jack Dorsey edition to his series of “Let’s Educate Crypto Adjacent Celebrities” videos. https://youtu.be/lMZ1xQzWtl4
...and still...KINGS OF THE GITHUB! May our reign never end. https://twitter.com/ProofofGitHub/status/1395771379929255945
Some banks still won’t allow customers to buy crypto with their accounts. In 2021, this is still a thing. https://twitter.com/CryptoCardano_/status/1395933037192437763

~Army of Spies

Saturday, May 22, 2021

STP 11: Hashrate Assurance Lock

Purpose

This STP aims (i) to assure the community that the hashrate backing BTCST is sufficiently decentralized and over-collateralized and (ii) to clarify the process with which BTCST will restore hashrate in the unlikely event of hashrate instability.

Details

The team has received many inquiries about BTCST’s hashrate stability in light of certain recent developments on Bitcoin mining regulations. The team now proposes this STP to assure the community that hashrate stability has always been a top priority for the project and to demonstrate that the team is well prepared to take tremendous steps to prevent adverse hashrate event.

If this STP is passed, Standard Hashrate Group will formally take the following actions:

Maintain a reserve pool of hashrate that exceeds 150 PH/s of Bitcoin mining power in size, making the hashrate reserve ratio of BTCST greater than 100% (meaning we reserve 1 PH/s of Bitcoin hashrate for each 1 PH/s of hashrate in production);
In the unlikely event that a percentage of BTCST’s production hashrate becomes unstable or inefficient in terms of power usage, we will replenish the production pool with hashrate from the reserve pool to completely remove any impact the instability may cause to BTCST;
Until all unstable hashrate has passed BTCST’s audit to convincingly demonstrate to the Standard Hashrate Group that the hashrate has become stable again with equal or better power usage efficiency and is immune from similar causes of instability or inefficiency in the future, an amount of BTCST representing the amount of impacted hashrate will be removed from circulation (through means including open-market repurchases) and locked.

This means BTC rewards for BTCST will actually increase during times of hashrate instability, because the total amount of BTC hashrate represented by BTCST is guaranteed to be at least 150 PH/s, while the total circulation of BTCST could be less than 15 million during times of instability.

Options

· Pass

· Deny

Voting Time

Sat., 22:00 05/22/2021– Tue., 22:00 05/25/2021 SGT

Voting Link

https://vote.btcst.finance/#/1btc.eth/proposal/QmXF8smjckWaxzkgKptpztGqhGhPDgGPyEJyWZUNWM1B7R

Weekly Wrap-Up (5/17 -5/21)

NoGainsJustLosses is away this weekend and asked me to fill in for the weekly Wrap-Up

First off congratulations on a HUGE green week! At it's peek $RIDE surged up 62% in just 3 days! We then slid back down Thursday and Friday to close at $9.58 up 32% from the $7.24 Monday open. This crazy price action was all thanks to a few big announcements.

Significant Events:

Monday: As the lawyers vanished into thin air, Lordstown Week was announced June 21-25. This spurred bullish sentiment in $RIDE. The short sellers where caught red handed and as the price surged up there where several notable spikes of what looked to be covering.

Tuesday: The rally continued but now the word of a squeeze was out. More covering.

Wednesday: More up, but with less momentum. $RIDE was trending and surging up even when the market had a horrible red open. At times we where one of the best performing stocks in the market. RIP bitcoin... nevermind. We hit >90% of shares in the green as the weekly high was reached at $11.64! The FORD F-150 was announced and the shorts now absolutely desperate where gifted a topic to FUD.

Thursday: FORD Fud and paper hands ended the rally. Wolfe Research in a blatant act of market manipulation downgraded $RIDE from $18 to 1$.

As always, check out the weekly catalyst checklist from /u/stockratic

News, PR, and Upcoming Events:

Lordstown Motors to Reschedule First Quarter 2021 Financial Results For May 24, 2021

Lordstown Week announced June 21-25.

At least 20 betas spotted

Analysis:

We have seen a HUGE surge in volume and with it many traders are seeking out the long bull/bear case. This is research in motion as many new people are learning what all LMC is about and comparing that to $RIDE value and trend.

As per the FUD, at this point they are just kicking the can down the road one surefire disaster after another. Yet here we are months later, loads of new employees and beta trucks. That's a long way down the road from the prototype and some test mules.

That's a big green candle on the weekly, and from the daily things look to be finding support. I think it all comes down to Tuesday if the bulls will continue the rally or if things will taper off.

Shorts seem to be all in despite this being in my opinion a ridiculous risk/reward. I'm not even sure where they can borrow shares from as it's been HTB all week. I tried at one point to borrow just 1 share but was unable. The short borrow fee is way up.

Next Week's Guesstimate: No idea, but I'll be looking for some big juicy volatility. For the bull side I think $12 is the next major level of resistance. As always don't gamble, be smart.

Let's Talk! Questions, thoughts, ideas? Let's hear it. I'll (NoGainsJustLosses) will try to be a focal point of questions to investor relations as much as possible, and post responses here every week!

My position: LONG 2023 leaps + short term trades.

Dogecoin, Time, 'proof of history' & proof of work

Let me preface this by saying, I'm not a coder, don't know cryptography, and this could all be gobbledygook.

A month or two ago I discovered Solana used a blockchain clock to help resolve their network efficiency/security.

I started thinking that perhaps this could also be used in the context of a proof-of-work model. Like if say, events had a proofed time, then orphan block fairness, maybe even the need for confirmations could be resolved.

A lot of proof of work mechanisms are actually striving to resolve time using propagation as a proxy (which is slower), or network timings as a padding. You don't know when transactions occur, so you use confirmations via propagation. You don't know when blocks are mined, so that constraints block-time. Time is worked around, because there is no absolute sense of time.

Solana uses a specific variation of a Verifiable Delay Function (https://eprint.iacr.org/2018/601.pdf), in their words:

"Our specific implementation uses a sequential pre-image resistant hash that runs over itself continuously with the previous output used as the next input. Periodically the count and the current output are recorded."

They use SHA-256, and apparently this implementation is pretty much impossible to parallelize (ie must run single core). I'm not honestly sure of Scrypt could be used in the same way.

It's explained here:

https://medium.com/solana-labs/proof-of-history-a-clock-for-blockchain-cf47a61a9274

Because it's single core, and the speeds at which ASICs running SHA-256 are predictable, they can also approximate the bounds in which this can be speed up (30% or so). Making it, so within these boundaries, they can have certainty of it's honesty. As far as I understand it, because it's published, and sequential, it cannot be modified retrospectively. Changing a part of the sequence in the past, alters the whole sequence.

I heard that originally Satoshi actually wanted to implement a blockchain clock prior to settling on his solution for bitcoin. In a sense, proof of work acts as a clock. I wonder is this still possible to integrate a clock with tighter timing into a Proof-of-Work system?

I have no idea if this is doable, but it does seem to me one of the central design flaws of proof of work is not knowing time. If it was possible to create a reliably proofed time, some slower mechanisms could be replaced or eliminated. Orphan blocks, in theory at least would then come down not to centralization but how much lost work is tolerable to miners and the network - which in itself would come down to efficiency and network speed.

If confirmations aren't able to be eliminated, they could at least be reduced. Of course efficiency in blockchain propagation itself would be key - if there's too much variability, it would limit the use of this.

Please accept again, that I am not a coder, and I could have all this wildly wrong. I do grasp though that this would essentially be completely altering how the chain propagates and how immutable history functions, and is by no means a simple thing.