Wednesday, November 17, 2021

Unpopular opinion: if you are anxious and you need to read the posts that people make on r/cc saying everything will be fine whenever there's a dip crypto speculation is not for you

Every single time there's a dip this sub floods with posts about how everything will be fine and why you shouldnt be worried for it. Most of them say "this is just a dip, prices will go up again, dont worry". Well, guess what? You may have already read this here: nobody knows shit about fuck. Yes, it could be a simple price dip caused by people taking profits or selling because of some FUD. But maybe its a market crash like the one we lived in May this year when BTC fell 60% from its ATH in a matter of hours.

Nobody will ever know if a 3% dip will become a 70% crash. Nobody, not even the most experienced and successful trader in the world can predict a market crash. He might have more possibilities of predicting it than the average person, but chances are he wont be right.

You need to know that the market can crash anytime without previous notice. I assume you know what a black swan event is, it can happen anytime and if that happens the market will go down to oblivion.

9 March 2020 was a black swan. People already remember that day as "Black Monday", there was a global collapse of the markets caused by the COVID-19 pandemic. It was the biggest market crash since 2008. It was a stock market crash but the stock market always drags down the crypto market with it. Some people thought it was the end but here we are. Since that day BTC has done a x20.

If you are worried, anxious, sad... when there's a dip here is probably what's happening to you:

  • You are overleveraged
  • You invested more than what you can afford to lose
  • You are new and thought that crypto only goes up
  • You are into crypto for pure speculation
  • You are trading with your feelings and emotions
  • You FOMO'ed at an ATH
  • You are greedy and can't stand red numbers

All of the above statements are big mistakes only a newbie makes.

If you really want to be successful on crypto then you need to learn the basics of investing. Invest in solid projects with good fundamentals, never use leverage, invest what you can afford to lose, get emotions out of the market...

And most importantly: long term investments are the most profitable ones. Specially in crypto (assuming you put your money in a good project and not in Cum Elon Doge Sperm Inu Safe Uranus token). NOBODY has ever lost money by holding.

And dont get me wrong, I myself love seculating but Im not a professional trader. When ETH dipped from 4k$ to 3.5k$ in May I bought a lot of ETH thinking I was buying the dip and planning to sell it a week later for making a quick buck. The dip turned into a crash and it went down to 1.7k$. I was calmed, I bought more at that price and just holded my way up to 4.2k$ and liquidated my position. I've been since May to October in red. No issues, I trust ETH and it's a solid project so I was sure it would go up again. But I dont know shit about fuck so I could've been wrong.

I've done +700% in the last year just by holding bitcoin and ethereum. No trading, just holding what I bought in November 2020. So learn how to invest properly and you wont feel bad when there's a dip/crash. Stop speculating, start investing.

TL;DR: keep your feelings out of the market and learn the basics of investing so you dont feel anxious when Elon Sex Cum Inu Rocket Mars dips 15%


How I became a free software developer

I was born in 1984. Later, in 1987, when I was at my grandparents house opening Christmas presents, I got a desk. I loved it. But my brother got a gift I loved even more: a Nintendo entertainment system (NES). He let me have his old ATARI 2600 and I loved to play Frogger. All the other games didn't make sense to me yet. Later we would game-jam to Super Mario Bros and other titles.

By the time 1995 rolled around, I knew that I wanted to be a video game designer. So my parents bought me a one of those thick heavy books that could kill a man that I toted with me to school and read in study hall. It was a book on video game design. It was basically a C++ course and included Microsoft Visual C++ 4.0 on a disc. I didn't have a computer then, but my father got a job at Gateway Computers and in 1998 and I got my first PC (a Gateway of course). I put what I read to use and I made a solitaire game with a cow spotted deck (my dad still plays my version). My parents also bought me boxed sets of Linux: first Caldera 1.2, then Red Hat 6, then Debian, and SuSE linux. Also, I had the C Primer Plus book, and later all the books by the Open Source guys: Eric S. Raymond's The Cathedral and the Bazaar, and the Art of Unix Programming. Richard Stallman's Free as in Freedom. And Linus Torvalds' Just for Fun (the story of an accidental revolutionary).

I studied computer science in high school. I learned to code in Visual Basic 6 and C. I achieved some network administrator and Linux certifications. I went to college for Computer Engineering but I flunked out. I was never into doing my homework. I went back to school later and never finished my degree, but I got to my last semester in software development. I just never finished my projects because I had more interesting work that was unrelated to my project requirements--like making an IRC client in C++ and Bitcoin trade bot in Python.

I worked for about half of my life in IT support and system administration roles. With Linux, I've developed and operated eCommerce sites. Made mobile apps. I've hosted game servers. I worked as a security analyst for a bank. I worked as a business analyst for a Fortune 100 insurance company. I was a system admin for a very big ISP. I have written code in VB, C, C++, C#, HTML5, JavaScript, Java, PHP, Python, PERL, TCL/TK, and 5 other scripting languages you've barely heard of. I've even written ASP.NET code (but I never had the qualifications to be a Microsoft developer). I've built dashboards, administered databases, and have a big wheelhouse of IT skills. I can even repair computer hardware and solder boards. I have earned half a dozen CompTIA certifications.

A lot of life events happened. I got married to a woman from the Philippines. After my mother died in 2020 from COVID-19, I inherited some cash and migrated with to my wife's country, living in an area with a low cost of living: the Philippines. This way I can "retire" early.

I'm 37 years old and expecting to be a father soon. Now my hobby and "unpaid career" is developing GPL software. I like to find issue logs and fix reported bugs. It's not always easy reading other peoples code, but I want quality Free software and somebody has to do it. Perhaps I will write my masterpiece soon. Perhaps my resume will grow and I'll be a paid free-software developer. Whatever the future holds, I'm sure it will be fun. Thank you for reading.


Market Update Week 2021 Week 46

BTC and ETH Market Update:

BTC sold off on great news after making a new record high price on 8th November 2021 which suggests the good news was already priced in at the time of the news release. The great news was high inflation data coming out of the USA last week not seen since 1990, apparently. Other major events were the Taproot upgrade for the BTC network and President Biden signing the Infrastructure Bill which carries many burdensome requirements for those participating in cryptocurrency. These events may have also had significant impacts on the recent price action. Sadly, the new record high prices ended up being fake-outs, rendering my prior analysis over the past few weeks obsolete. To reduce the downside risk I foresaw due to the prior analysis being incorrect, I ended up scaling out of the last of my positions for BTC and ETH around $63,000 USD and $4,500 USD, respectively. I haven't received a sell signal yet for my long term system but I'm ok with exiting for now and observing from the sidelines to see how the market evolves in the short and medium term.

Furthermore, the Bitcoin Futures Open Interest exceeded levels last seen in April. Historically, this level of open interest has led to a dip in price due to market participants being somewhat overly leveraged. This makes sense since traders are probably aware of PlanB and Willy Woo's fundamental BTC models which suggest that "$100k USD" is imminent, inducing a false sense of confidence and over-leveraging into positions that they are unable to hold, arguably one of the factors causing BTC to selloff.

News Roundup:

Big Inflation data: https://www.reuters.com/business/futures-tick-lower-inflation-worries-take-hold-ahead-cpi-data-2021-11-10/?utm_source=engagement_mailer&utm_medium=email&utm_content=2021-11-10&utm_campaign=daily

Here’s What Is Keeping Bitcoin From Rallying to New All-Time Highs, According to On-Chain Analyst Willy Woo: https://dailyhodl.com/2021/11/15/heres-what-is-keeping-bitcoin-from-rallying-to-new-all-time-highs-according-to-on-chain-analyst-willy-woo/

Taproot Update for BTC: https://forkast.news/taproot-bitcoin-upgrade-what-it-means/

Biden Signs Infrastructure Bill: https://www.bloomberg.com/news/articles/2021-11-15/senators-seek-crypto-reporting-fix-as-biden-signs-infrastructure?sref=323RPL5z

‘Bull market distribution has begun’ — 5 things to watch in Bitcoin this week: https://cointelegraph.com/news/bull-market-distribution-has-begun-5-things-to-watch-in-bitcoin-this-week

SEC have successfully protected investors from +12,700% gains LOL: https://cointelegraph.com/news/bitcoin-halts-losses-amid-criticism-etf-rejections-have-cost-investors-12-700-gains

Miami will pay residents a 'bitcoin yield' from its city cryptocurrency, Mayor Suarez says: https://markets.businessinsider.com/news/currencies/miami-bitcoin-yield-miamicoin-crypto-francis-suarez-mayor-digital-wallet-2021-11

NewYorkCityCoin launching this week with Mayor-elect Eric Adams’ blessing: https://cointelegraph.com/news/new-york-coin-launching-this-week-with-mayor-elect-eric-adams-blessing

Here’s Why Bitcoin Is Just Now Entering the Main Phase of the Bull Market, Says On-Chain Analyst Will Clemente: https://dailyhodl.com/2021/11/13/heres-why-bitcoin-is-just-now-entering-the-main-phase-of-the-bull-market-says-on-chain-analyst-will-clemente/

This Week On Crypto Twitter: https://decrypt.co/86057/this-week-on-crypto-twitter-discord-backs-out-of-crypto-while-twitter-wades-in

Futures Open Interest \"spike\" may suggest overly leveraged positions.

Perpetual Futures Open Interest also suggest overly leveraged positions.

Outflow of BTC from exchanges. Will this reverse due to panic from falling prices?

Will large whales continue holding during the selloff?

Warren Buffett approves LEL


Bought the dip

500,000 Jasmy strong 💪 People should realize that the dip is happening because the whole market is down with bitcoin. It’s not just Jasmy. Think of it as a holiday sale event. Get yourself a nice bag of present and see it go up in few weeks.

Not a financial advice


Cardano Rumor Rundown November 17, 2021

Hey Everyone!

Let's go...

Newly covered today:

  1. IOHK has dropped their new article on eUTxO dApp architecture. It explains in detail a design for an eUTxO order book. https://iohk.io/en/blog/posts/2021/11/16/architecting-dapps-on-the-eutxo-ledger/
  2. Apparently we saw over 1MM transactions in Epoch 302. https://twitter.com/ccvaultio/status/1460673461614006276
  3. Looks like Cardano is seeing a huge amount of on-chain activity. The crazy part is this is all pre-PAB. Just wait until dApps can actually launch! Unsurprisingly, some supporters of other chains were shocked to realize they didn’t understand the difference between exchange trading volume and actual blockchain use volume. https://twitter.com/cardano_daily/status/1460238659098005504 https://messari.io/screener/most-active-chains-DB01F96B
  4. Charles drops a short regulatory update letting us know about the proposed bill to fix the highly faulty Infrastructure Bill language and another new bill to lay out a pro-crypto comprehensive regulatory framework for crypto (including definitions for utility coins). https://youtu.be/AcBuk0zHLfU
  5. Here’s the announcement and the bill from Senators Lummis & Wyden to fix the bad crypto language in the Infrastructure Bill. https://www.lummis.senate.gov/press-releases/wyden-lummis-introduce-bill-to-fix-broker-definition-for-digital-assets/ https://www.lummis.senate.gov/wp-content/uploads/GAI21B7321.pdf

Previously Covered but still interesting:

  1. In late 2008/early 2009 it turns out Hal Finney was learning Haskell and trying to figure out how to reduce C02 emissions from a (future) widely used Bitcoin. That sounds a lot like Cardano. https://twitter.com/seal_kiman/status/1443593563846193155
  2. Adam Dean gives us a great post-mortem on the network load created yesterday by the NFT drop(s). https://twitter.com/adamKDean/status/1443599818845081600
  3. Wow! It’s looking like Meld has landed a partnership with a mobile provider in Nigeria with nine million customers. Not many details out at this point (Sept 30). But, that certainly sounds like it could be gigantic. https://twitter.com/MELD_labs/status/1443548879966949382
  4. Two factor authentication via SMS once again turns out to be a bad bet. https://bitcoinmagazine.com/business/hackers-rob-thousands-coinbase-customers-sms-mfa-flaw
  5. Grayscale releases a report on Cardano which shocks many due to its (actually) fair reporting. https://twitter.com/Grayscale/status/1443625454146097152 https://twitter.com/cardano_whale/status/1443786596721967104
  6. The Wall Street Journal has dropped a video on stablecoins. A lot of the video surrounds the Tether dollar reserve controversy. It’s notable that Cardano’s Djed solves this. https://www.wsj.com/articles/biden-administration-seeks-to-regulate-stablecoin-issuers-as-banks-11633103156
  7. The Biden Administration has announced they are investigating the prospect of regulating stablecoin providers like banks. https://markets.businessinsider.com/news/currencies/stablecoin-regulation-cryptocurrency-banks-biden-treasury-bitcoin-circle-tether-binance-2021-10
  8. Cardano users on twitter piece together that Charles was talking about visiting u/Pezesha_Africa (in regard to microfinance) in Kenya. This is big because Pezesha operates in countries with a combined population of over $300MM. https://twitter.com/thr33strikes/status/1444898320070086659
  9. Crypto twitter users try to depict US Whitehouse comments out of context to fuel an economic doom narrative. However, if you listen to the whole press briefing, you will understand that these comments were based on a “what if” scenario involving the US debt ceiling somehow not being raised. https://twitter.com/100trillionUSD/status/1445059673401528328
  10. The so-called “Pandora Papers” reveal globally widespread cases of wealth concealment by public officials and bring up the question of whether blockchains like Cardano should take this into account when dealing with nation-state regimes as partners. https://www.icij.org/investigations/pandora-papers/
  11. Remember! There is no mobile Daedalus wallet. There is no browser extension version of Daedalus. These are fakes! They will steal your ADA. https://twitter.com/InputOutputHK/status/1445380773096398853
  12. The “Zombie Lobster” collaboration between Charles Hoskinson and Paul Oakenfold is actually getting coverage by the EDM media outlets! https://edm.com/news/paul-oakenfold-album-cardano-blockchain
  13. dcSpark releases some mockups from the experimental version of its upcoming Flint Wallet. The mockups seem to indicate that the wallet will allow for dApp interaction from hardware wallets. https://twitter.com/FlintWallet/status/1444902727956508674
  14. Charles is interviewed in the Harvard International Review. https://hir.harvard.edu/charles-hoskinson-1/
  15. The Biden Administration has revealed that it is considering an executive order to establish a government wide approach to crypto regulation. https://www.bloomberg.com/news/articles/2021-10-08/white-house-weighs-wide-ranging-push-for-crypto-oversight
  16. The New York Times is now talking about the difficult balancing act the Fed has before it with high inflation and less than promising jobs data creating conflicting priorities. https://www.nytimes.com/2021/10/08/business/economy/fed-jobs-full-employment-inflation.html
  17. Representative Tom Emmer clashes with SEC Head Gensler over the direction of crypto regulation. However, it’s unclear how much Rep. Emmer’s solution (his Securities Clarity Act bill) would solve the problem given that it only relieves issuers of securities regulation burdens after they have already complied with the “registration or exemption” hurdle. https://twitter.com/RepTomEmmer/status/1445465912375590913 https://emmer.house.gov/2021/7/emmer-introduces-legislation-to-provide-certainty-for-digital-assets-under-securities-law
  18. Caitlin Long revisits the articles she wrote years ago about fears of circulation credit in crypto markets. Spoiler: it came and crypto did it to itself. https://twitter.com/CaitlinLong_/status/1446874905241210880
  19. COTI is a licensed payment institution in Singapore. This could get very interesting given their status as the issuer of Djed and the ongoing Monetary Authority of Singapore Blockchain Challenge in which Cardano is a finalist. https://cotinetwork.medium.com/coti-lists-as-a-payment-institution-in-singapore-666c6fcaaab4
  20. Goldman says Evergrande is nothing compared to the potential $8.2 Trillion problem with local government financing vehicles in China. https://www.forbes.com/sites/williampesek/2021/09/30/goldman-flags-82-trillion-threat-worse-than-china-evergrande/?sh=3296c9d515cc https://www.wsj.com/articles/beyond-evergrande-chinas-property-market-faces-a-5-trillion-reckoning-11633882048
  21. Cardano isn’t wrong about Africa. It’s just first. Google is investing $1 Billion in African internet access over the next five years. https://techcrunch.com/2021/10/06/google-confirms-1b-investment-into-africa-including-subsea-cable-for-faster-internet/ https://twitter.com/ghostchainer/status/1445964578257395714
  22. SEC Commissioner Hester Peirce (cryptomom) delivers an opinion piece that investors should be allowed to make their own decisions without SEC paternalism. https://www.cnn.com/2021/10/11/perspectives/sec-commissioner-investors-regulators/index.html
  23. COTI has another AMA that reveals there may be more news soon for Djed. https://twitter.com/theCOTIinvestor/status/1447546724868935684
  24. Heads up: scammers are posing as Yoroi support staff! https://twitter.com/YoroiWallet/status/1446554949782016009
  25. Catalyst Fund 6 has 711 projects on the ballot! https://twitter.com/InputOutputHK/status/1448015757216976903
  26. Coinbase is launching an NFT market. How will this impact the CNFT scene? Coinbase tells us: “...initial launch will support Ethereum based ERC-721 and ERC-1155 standards with multi-chain support planned soon after.” https://blog.coinbase.com/coinbase-nft-is-coming-soon-join-the-waitlist-today-for-early-access-cc7bac29fd72 https://www.cnbc.com/2021/10/12/coinbase-is-launching-a-marketplace-for-nfts.html
  27. Eric Rosengren (who recently left the Boston Fed) let’s us know that the Fed/MIT CBDC project is pretty far along and will release a working paper soon. This would obviously be impactful for all of crypto and for Cardano. https://youtu.be/ivqFo9C2Jdo?t=409
  28. The first project that actually looks like it may one day be a virtual world launches on Cardano and it already has a community built parcel explorer. https://pavia.luiscarlos.pt/
  29. SEC Commissioner Hester Peirce (cryptomom) gave a polite but scathing speech at the Texas Blockchain Summit where she laid bare all the problems with the SEC’s current approach to crypto. After her recent opinion piece and this speech, it’s fair to say that she and SEC Chairman Gensler are in open war over crypto. How this gets resolved will determine the regulatory landscape for Cardano and all of crypto going forward. Sadly, Gensler is in charge and not vice versa. https://twitter.com/HesterPeirce/status/1448011388841037830 https://www.sec.gov/news/speech/peirce-2021-10-08
  30. The Fed may begin tapering it’s Treasury and mortgage backed securities purchases in mid November. This is relevant for the whole economy including crypto. https://www.cnbc.com/2021/10/13/federal-reserve-releases-minutes-from-its-september-policy-meeting.html
  31. Sounds like the Milkomeda sidechain is making good progress. https://twitter.com/NicoArqueros/status/1448447729689059332
  32. Apparently, Putin kind of accepts that crypto might choose to exist. https://www.bloomberg.com/news/articles/2021-10-14/putin-defends-cryptocurrencies-amid-global-regulation-push
  33. Don’t forget: today (Oct 15) is the October Mid-Month Development Update! https://twitter.com/InputOutputHK/status/1448715241961963520
  34. Sounds like Binance was not allowing ADA withdrawals for some period of time. https://twitter.com/Katsumoto87/status/1449723293632634882
  35. The Cardano Africa Tour has commenced with Charles popping up in South Africa. https://twitter.com/IOHK_Charles/status/1449304264849993731
  36. We got a nice Triple H update from Harrison/Hemsley/Hammond joined by Jan Müller in the October mid-Month Dev Update. We learned that we’ll have a maintenance upgrade toward the end of October and then PAB a few weeks later. This is extremely important since it will finally allow for the last bits of dApp buildout. The PAB is already available on the tesnet. The test dApp the team is using is an NFT marketplace. The team is watching as we see high loads around events like NFT drops. But, the network is reacting as expected. https://www.youtube.com/watch?v=XzdTyV5Jejc
  37. Here’s video of the Fireside chat with Charles, Dynal Patel, and John O’Connor at the Cape Innovation & Technology Initiative in South Africa. https://www.youtube.com/watch?v=vmuJFc5Qrr4&t
  38. A brief update dropped from Charles this morning in Africa. https://twitter.com/IOHK_Charles/status/1450124410095030280
  39. Duncan & Sebastien have an interesting discussion on Github that fuels Cardanophobia on the part of ETH maximalists about three weeks later. https://github.com/input-output-hk/cardano-node/issues/3247
  40. The Cardano Foundation is changing its delegation strategy. They will go from primarily delegating to promote decentralization to a new framework focused on delegating to promote ecosystem buildout. https://forum.cardano.org/t/cardano-foundations-new-delegation-methodology-supporting-the-architects-of-the-future/79594
  41. Shahaf Bar-Geffen gives us some more details about the Djed launch. He says IOHK is doing the coding and COTI is doing the business side. https://www.youtube.com/watch?v=dlPmIgJ0tE0
  42. In the Cap Innovation & Technology Initiative Fireside Q&A, Charles mentioned he is talking to Colossol Labs about the possibility of having the Mammoth DeExtinction Project take place on his bison ranch. There are probably some obvious NFT or tokenization use cases there. https://colossal.com/mammoth/ https://www.youtube.com/watch?v=vmuJFc5Qrr4
  43. Three U.S. Senators ask Facebook to discontinue its Novi crypto wallet which just launched. https://www.theverge.com/2021/10/19/22735171/facebook-novi-diem-libra-calibra-cryptocurrency-digital-wallet-zuckerberg-senate https://techcrunch.com/2021/10/19/facebook-scales-back-its-crypto-ambitions-once-again/
  44. There’s a new Frederik Gregaard interview out. https://www.youtube.com/watch?v=uJdRAclhL0Q
  45. People are buying luxury real estate in Portugal with Cardano. https://twitter.com/danny_cryptofay/status/1451113239669092356
  46. Over 292,000 votes were cast in Catalyst Fund 6. https://twitter.com/InputOutputHK/status/1451269575140589577
  47. IOHK announces a partnership with Bondly to create an NFT bridge so that users can move their non-fungible tokens back and forth between Cardano and Ethereum. https://twitter.com/InputOutputHK/status/1451251954496180229
  48. Interesting small thread on how further stumbles by the Chinese economy could affect the global economy which in turn might impact crypto and Cardano. https://twitter.com/i/events/1452290004433125378
  49. Here’s a very nice overview of the Maladex Whitepaper by ADA Whale that breaks down the hidden strengths of eUTxO for DeFi including programmable swaps composability. https://twitter.com/cardano_whale/status/1451835809913470986
  50. The Cardano ecosystem maps are getting so big and dense that they can’t even display logos for the projects anymore. https://twitter.com/Meapool1/status/1450576470133379072/photo/1
  51. There is a report that unstaked ADA is at an all time low of under 8MM ADA. https://twitter.com/IbanxStaking/status/1451944344294883331
  52. Check out this medium article explaining the validator underlying the Spacebudz Market. It’s very elegantly and concisely explained if you have no Haskell/Plutus understanding. It’s even more interesting if you have a tiny bit of understanding of Haskell. https://spacebudz.medium.com/spacebudz-market-71e79d1bbf34
  53. Atala Prism named a top 50 Most Influential Project by PMI. https://twitter.com/IOHKMedia/status/1452544441005248514
  54. Pavia Game Jam is coming. It sounds like they are looking to hire some Unity (game engine) developers and 3D artists. This produce interesting results in a few years. https://twitter.com/Pavia_io/status/1451596816659763213
  55. Charles is releasing some images of meetings with heads of state on his Africa tour. https://twitter.com/IOHK_Charles/status/1452671287977971726 https://twitter.com/IOHK_Charles/status/1452672734580838409/photo/2
  56. There is currently ongoing discussion about the possibility of unexpected tax liability from participation in even Fair Initial Stake Pool Offerings where there are accompanying Initial Dex Offerings. There is even discussion about the potential of exploits that could amplify this unexpected tax liability for all participants. https://twitter.com/mikerogero/status/1452502065381404675 https://medium.com/@mikerogero/tax-implications-of-the-minswap-ido-on-fiso-delegators-and-the-cardano-community-4db219ea8932
  57. We now have a memorandum of understanding with Burundi! https://twitter.com/jjtoconnor/status/1453087264461017092
  58. Fans of certain other Gen 3 blockchains are still getting hilariously worked up when they are confronted with the Messari chart on massive VC ownership of their blockchains. https://twitter.com/TamaraHaasen/status/1452924338047496193
  59. The new IOG stake pool delegations are out. https://twitter.com/InputOutputHK/status/1453041459477819398
  60. Cardano Fans is putting out some really good pieces posed as “Conversations with a Junior Blockchain Developer”. Very educational on the technical advantages of Cardano over other Gen 3 blockchains. https://twitter.com/matiwinnetou/status/1452911202913464328
  61. ETH based platforms are still not faring well at NOT losing the money of users. https://twitter.com/Swag_Stakepool/status/1453392923672915968
  62. dcSpark is making progress on the Milkomeda sidechain. ADA transitions from Cardano testnet to Milkomeda testnet now working. https://twitter.com/Milkomeda_com/status/1453421947157716992
  63. The stark differences between being a validator on ETH and a Cardano validator are once again put on full display. https://twitter.com/evan_van_ness/status/1453133337334272000
  64. There’s a new Djed explainer video out now from IOHK. https://www.youtube.com/watch?v=5-Ozaf_aGNM&t=1s
  65. Cardano 360 October Edition is now out and available! https://youtu.be/R0s3lPG8XDw
  66. The crypto time traveler is back after many months of being gone (i.e. purportedly being in the future). His first prediction after returning was about big news and a crown which was later revealed to concern the health of the Queen. His second prediction was about Cardano and gigantic success. https://twitter.com/CryptoTimeTrav2/status/1452827679300849670
  67. Charles was at the Ethiopian Ministry of Education today. He reports that the onboarding of the five million students is on track. https://twitter.com/IOHK_Charles/status/1453697314187534343
  68. The Ministry of Finance of Ethiopia has posted pics of the Cardano team meeting with them! This is an interesting turn of events. The ministry posted about a “readiness to incorporate avant-garde technology in areas of #Agri Tech, logistics, and digitization”. https://twitter.com/MoF_Ethiopia/status/1453717850766540808
  69. There is a new IOHK blog entry on Mithril. https://iohk.io/en/blog/posts/2021/10/29/mithril-a-stronger-and-lighter-blockchain-for-better-efficiency/
  70. You might have missed this IOHK blog entry on how dApp certification will be incorporated into the new light wallet (I know I did). https://iohk.io/en/blog/posts/2021/10/25/new-certification-levels-for-smart-contracts-on-cardano/
  71. The Cardano dApp Store is looking like it’s going to be amazing. Curation & certification without gatekeeping is a great solution to preserve decentralization and maintain censorship resistance. https://summit.cardano.org/sessions/redefining-dapp-discovery-bringing-dapps-to-the-mass-market
  72. There’s also a new update on Crypto Bisons! https://iohk.io/en/blog/posts/2021/10/28/buffalo-soldiers-march-to-the-heart-of-the-blockchain/
  73. Charles released a new AMA from Ethiopia! https://www.youtube.com/watch?v=L5au7JEPMaM
  74. The U.S. President’s Working Group on Financial markets has published its Stablecoin Report. No surprise: they want to regulate stablecoin issuers as insured depository institutions with federal supervisors and to curtail their affiliation with commercial entities. They also want to curtail such affiliations for custodial wallet providers. https://home.treasury.gov/system/files/136/StableCoinReport_Nov1_508.pdf
  75. It turns out there are some big chain reorg vulnerabilities in ETH 2.0. https://arxiv.org/pdf/2110.10086.pdf But, maybe ETH has already got fixes planned? https://twitter.com/casparschwa/status/1450785316865024000
  76. A partnership among World Mobile, IOHK, and Zanzibar has been announced! It’s a five year plan that focuses on education, eGov solutions, the Blue Economy (sustainable fisheries), replicating the Blue Economy model in tourism | agriculture | & telecommunications. https://worldmobile.io/blog/post/partnering-with-zanzibar-blockchain-hub/
  77. Alessandro has a great idea (multi-sig) to improve NFT drops over his original model that is now used by pretty much everybody! This would help mitigate the hassle of refunds and reduce some congestion. https://twitter.com/berry_ales/status/1455473647934742530
  78. It feels crazy that we have over 2 million Cardano wallets out there these days. Our small ecosystem has become a gigantic one. https://datastudio.google.com/u/0/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/k5r9B
  79. The Plutus Application Backend integration process has begun! https://twitter.com/InputOutputHK/status/1455905122802864138
  80. Pavia has revealed proposals for parcel size in their metaverse. https://twitter.com/Pavia_io/status/1455915006395101188
  81. Mark Stopka takes everyone to school on how “pool extractable value” can still be a thing in Cardano if dApp Developers don’t plan for designs that prevent it. https://youtu.be/0VloKsDjW70
  82. Nami Wallet will soon support hardware wallets! https://twitter.com/NamiWallet/status/1456375916918083588
  83. SundaeSwap has unveiled its own concurrency solution. https://twitter.com/SundaeSwap/status/1456338509870952450
  84. A University of Virginia School of Law lecturer outlines a crypto related “hidden felony” in the Infrastructure Bill. https://www.decential.io/features/defi-and-the-digital-asset-felony-hidden-in-the-infrastructure-bill
  85. IOG drops it’s Sustainability Report. https://static.iohk.io/green-blockchain-paper.pdf
  86. We get a view of what can actually be built on a Pavia single Parcel and news that the Pavia Map v.2 will launch soon with wallet linking and custom images. https://twitter.com/Pavia_io/status/1456667167680831491 https://twitter.com/Pavia_io/status/1456523907280822273
  87. The Plutus Application Backend (PAB) Beta has been released! Developers of Cardano dApps can now begin experimenting on the testnet! This is a big milestone! https://twitter.com/InputOutputHK/status/1456683592726233097
  88. Apparently Cardano’s transaction volume just last month in October was double all of 2020!?! https://twitter.com/CardanoStiftung/status/1456730746861748224
  89. Looks like Cardano (at least the logo) made the cover of the Economist?!?! https://twitter.com/cardano_whale/status/1457327848285376513
  90. We just saw an instance of Yoroi wallet dApp Connector integration! https://twitter.com/SundaeSwap/status/1457396024822075409
  91. We saw an all time high of +61k native assets issued on Cardano in one day recently! https://twitter.com/thinkgrowcrypto/status/1457130708300824576
  92. World Mobile just dropped a great video documenting the IOHK/World Mobile/Zanzibar visit. https://twitter.com/WorldMobileTeam/status/1457800436501467136
  93. It looks like Zimbabwe is looking into crypto adoption! https://twitter.com/BitcoinMagazine/status/1457703228192301058
  94. Apparently, there’s a new partnership between COTI and the Cardano Foundation. Sounds like we’ll hear details on November 10. https://twitter.com/shahafbg/status/1457665945963532294
  95. There is a Spacebudz ad running on the Nasdaq screen in Times Square right now (November 8-14). https://twitter.com/budzdegen/status/1457706024778014720
  96. The IOHK Haskell course in Ghana will include 80 students! https://iohk.io/en/blog/posts/2021/11/05/empowering-a-new-generation-of-innovators-in-ghana/
  97. A new Cardano NFT store has sprung up mentioning smart contract support and royalties for creators. https://twitter.com/jpgstoreNFT/status/1457548567032184832
  98. Terra Virtua is saying we’ll have our Cardano Summit 2021 NFTs by November 10th. https://twitter.com/TerraVirtuaHQ/status/1457800095101976578
  99. COTI is now talking about news of an IOHK Partnership to be announced on Nov. 10 in addition to the previous announcement of an announcement of the new Cardano Foundation partnership slated to be announced Nov. 10 6pm UTC. https://twitter.com/COTInetwork/status/1458129369482792967
  100. Here’s a beautiful thread explaining how one of Cardano’s big competitor’s tps claims may be HIGHLY misleading. https://mobile.twitter.com/EdnStuff/status/1457875177052643333
  101. The Galaxy Digital paper on Gen 3 blockchains is out. I think some may definitely take issue with their description of the capabilities of eUTxO smart contracts in the Cardano section. https://twitter.com/cardano_whale/status/1458271252993302535
  102. The Catalyst Natives program rolls out with a COTI ADAPay challenge to develop ADAPay plugins for medium & small businesses. https://iohk.io/en/blog/posts/2021/11/10/introducing-catalyst-natives-how-any-business-can-leverage-the-cardano-innovation-engine/
  103. The “Director of Ops” of ENS Domains runs a poll about whether or not ENS Domains or Cardano has more utility. At writing, over 30k voters had surprised him with the answer he didn’t expect.. https://twitter.com/BrantlyMillegan/status/1458268301100990467
  104. IOHK drops a blog entry on optimizing network performance. https://iohk.io/en/blog/posts/2021/11/10/optimizing-cardano/
  105. Looks like we’ll be getting both the PAB & the ERC-20 Converter in the “next several weeks”. https://twitter.com/DanielTetsuyama/status/1458209250950332418
  106. In macro news that could affect Cardano and all of crypto 30 year treasury bonds went vertical, and news of the +6% inflation in the US broke widely. https://twitter.com/CaitlinLong_/status/1458507405675880452
  107. World Mobile dropped a nice youtube AMA for us. Very interesting details came up about Microsoft Airband, Google Project X, and Project Taara. https://twitter.com/WorldMobileTeam/status/1458718340931858435
  108. Weiss highlights that Cardano addresses participating in staking have grown by 100k in two months. https://twitter.com/WeissCrypto/status/1458845224671887362
  109. The Cardano Summit 2021 Terra Virtua NFTs have arrived. Check your inventory if you did all the tasks in the Summit’s virtual worlds. https://terravirtua.io/inventory
  110. Pavia dropped a more detailed roadmap with live events scheduled for the plaza in Q3 2022. https://twitter.com/Pavia_io/status/1459246398046674945
  111. Charles is back in Colorado and has dropped a full AMA. https://youtu.be/nnDWc6uP6gs
  112. The November mid-month IOHK Development Update is now out! https://twitter.com/InputOutputHK/status/1459250049414799368
  113. Seeing reports that Cardano’s 24 hour volume recently exceeded Ethereum! https://twitter.com/cardano_daily/status/1460238659098005504
  114. We’ve seen a very nice and steady rise in transactions over the last 15 days! https://twitter.com/WillyzPortico/status/1460221046112456704
  115. The January Haskell class in Ghana will include 80 students! https://twitter.com/IOHK_Charles/status/1460259961313837058

~Army of Spies


Tuesday, November 16, 2021

"Bitcoin is like tourism, with it they are getting to know us," says Minister of El Salvador

What is the relationship between bitcoin and tourism? The Minister of Tourism of El Salvador, Morena Ileana Valdez, has a forceful answer: both things have everything to do with it.

One of the keys to the relationship between both elements is precisely what was the entry point for cryptocurrency development in the Central American country: it was a tourist community that sowed the germ for the adoption of bitcoin as the legal currency of a country for the first time in the history.

Valdez's words are one of many that emanate from El Salvador this week, full of events dedicated to Bitcoin. Valdez participated this Tuesday, November 16, in one of the two events that brings together bitcoiners in the Central American country: Adopting Bitcoin , a conference dedicated especially to the Lightning payment channel network , one of the Bitcoin solutions for making transactions in a almost instantaneous and very low cost.

For the Salvadoran minister, bitcoin and tourism (the area she is in charge of within the government) have a very close relationship. And in the case of El Salvador, it makes a lot of sense. As Valdez recalled, before becoming legal tender, the cryptocurrency was adopted in Bitcoin Beach , a project developed in the tourist area of ​​El Zonte.

Therefore, he said, when he heard from President Nayib Bukele that the country would adopt cryptocurrency, the first thing he thought was: "well, this is not new for tourism."

"Bitcoin is the best thing that has happened to us here, in El Salvador"

Minister Valdez claimed during her participation in the bitcoiner event that tourism is a tool through which "we explore our origin, our identity, our places, our destinations." And although that brings very positive things, a trip can also bring fears of the unknown. Valdez considered that bitcoin has those same properties.

It is said that one of the obstacles that human beings have to progress is the fear of the new, the fear of the intangible. When they criticize bitcoin, 'what is not seen, what is it like', I always say "explore it", do as when you are going to know a new place, fall in love with that place.

Morena Ileana Valdez, Minister of Tourism of El Salvador

In addition to this, the government representative has already exposed in more tangible terms that bitcoin has helped to greatly increase the flow of tourists to the country. In just over two months since bitcoin became legal tender in El Salvador, the minister said, they have become leaders in the region in terms of the entry of foreign visitors. This flow of tourists, Valdez finally acknowledged, gives his country a new opportunity .

When they ask me what bitcoin has to do with tourism, I say everything. Because through this, they are getting to know us better. Bitcoin is the best thing that has happened to us here in El Salvador.

Morena Ileana Valdez, Minister of Tourism of El Salvador.

In addition to Adopting Bitcoin , this week is taking place in the Salvadoran capital, San Salvador, LaBitConf. In both events, Crypto news is present to bring you the most outstanding news and events.


"Bitcoin is like tourism, with it they are getting to know us," says Minister of El Salvador

What is the relationship between bitcoin and tourism? The Minister of Tourism of El Salvador, Morena Ileana Valdez, has a forceful answer: both things have everything to do with it.

One of the keys to the relationship between both elements is precisely what was the entry point for cryptocurrency development in the Central American country: it was a tourist community that sowed the germ for the adoption of bitcoin as the legal currency of a country for the first time in the history.

Valdez's words are one of many that emanate from El Salvador this week, full of events dedicated to Bitcoin. Valdez participated this Tuesday, November 16, in one of the two events that brings together bitcoiners in the Central American country: Adopting Bitcoin , a conference dedicated especially to the Lightning payment channel network , one of the Bitcoin solutions for making transactions in a almost instantaneous and very low cost.

For the Salvadoran minister, bitcoin and tourism (the area she is in charge of within the government) have a very close relationship. And in the case of El Salvador, it makes a lot of sense. As Valdez recalled, before becoming legal tender, the cryptocurrency was adopted in Bitcoin Beach , a project developed in the tourist area of ​​El Zonte.

Therefore, he said, when he heard from President Nayib Bukele that the country would adopt cryptocurrency, the first thing he thought was: "well, this is not new for tourism."

"Bitcoin is the best thing that has happened to us here, in El Salvador"

Minister Valdez claimed during her participation in the bitcoiner event that tourism is a tool through which "we explore our origin, our identity, our places, our destinations." And although that brings very positive things, a trip can also bring fears of the unknown. Valdez considered that bitcoin has those same properties.

It is said that one of the obstacles that human beings have to progress is the fear of the new, the fear of the intangible. When they criticize bitcoin, 'what is not seen, what is it like', I always say "explore it", do as when you are going to know a new place, fall in love with that place.

Morena Ileana Valdez, Minister of Tourism of El Salvador

In addition to this, the government representative has already exposed in more tangible terms that bitcoin has helped to greatly increase the flow of tourists to the country. In just over two months since bitcoin became legal tender in El Salvador, the minister said, they have become leaders in the region in terms of the entry of foreign visitors. This flow of tourists, Valdez finally acknowledged, gives his country a new opportunity .

When they ask me what bitcoin has to do with tourism, I say everything. Because through this, they are getting to know us better. Bitcoin is the best thing that has happened to us here in El Salvador.

Morena Ileana Valdez, Minister of Tourism of El Salvador.

In addition to Adopting Bitcoin , this week is taking place in the Salvadoran capital, San Salvador, LaBitConf. In both events, Crypto news is present to bring you the most outstanding news and events.