Cryptocurrency: which alt-coins are the globalist corporations backing and why?

[seehas]

how much did you guys stake on yieldly? im in with 30% of my algos dont have the balls to put all of them there

[Mypos]

how much did you guys stake on yieldly? im in with 30% of my algos dont have the balls to put all of them there

Well i have about 200k Yieldly now. But i have very little Algo at the moment. I invested alot in Yieldly and Algo NFT's. But im a bit bummed now cause i wanted to invest more in Algo and thought i still had time. If i had to choose now i would do 50/50 Algo/Yieldly.

[seehas]

how much did you guys stake on yieldly? im in with 30% of my algos dont have the balls to put all of them there

Well i have about 200k Yieldly now. But i have very little Algo at the moment. I invested alot in Yieldly and Algo NFT's. But im a bit bummed now cause i wanted to invest more in Algo and thought i still had time. If i had to choose now i would do 50/50 Algo/Yieldly.

well let me tell you something i bought ETH when it was nearly 200$ and at this time "i wished i had more time" look where it is now.

[Jayke]

how much did you guys stake on yieldly? im in with 30% of my algos dont have the balls to put all of them there

I’ve got my whole Algo bag staked in Yieldly at the moment, and will do until governance starts on October 1st. At which point I’ll have a similar split to you, 70% locked away for 3 months for the Algo governance rewards and 30% kept on Yieldly for the chance to win the No Loss lotteries, while earning the extra APY in Yldy.

I was nervous about DeFi in general and the fear of getting rug pulled. That fear has diminished as Yieldly keeps going from strength to strength though—and seeing the support they’ve been getting from the Algorand team—and the rest of the projects being built in the Algo ecosystem. Probably one of the most collaborative communities in the crypto-space, where projects that could be direct competitors, are actually working together and making partnerships to ensure the entire Algorand ecosystem as a whole is successful. It’s a great thing to watch being built out and gives me confidence Yieldly is going to be a huge success longterm.

It also helps that they take security very seriously, getting top tier security audits from Halborn, the same company that audits Coinbase. My confidence in Yieldly grows with every new announcement, there’s one due next week when the partnership between Yieldly and Opulous goes live. Will be interesting to see what kind of buzz gets stirred up around that.:cocktail::thumbsup:

[Mypos]

how much did you guys stake on yieldly? im in with 30% of my algos dont have the balls to put all of them there

Well i have about 200k Yieldly now. But i have very little Algo at the moment. I invested alot in Yieldly and Algo NFT's. But im a bit bummed now cause i wanted to invest more in Algo and thought i still had time. If i had to choose now i would do 50/50 Algo/Yieldly.

well let me tell you something i bought ETH when it was nearly 200$ and at this time "i wished i had more time" look where it is now.

Did you HODL? Yeah who knows where Algorand can go right. Interesting yourney its been untill now in Cryptoworld for me!

If not for Jayke i would probably still have the same stance now as most of my friends and family. Very dangerous to lose your money and just a bunch of ponzischemes. Even alot of financial experts i speak to have this view on crypto. So much ignorance and fear because of the picture the mainstream media paints.

Crypto will change the world. Its as big as the invention of Internet and it has the potential to be a huge revolution for us the people too.

[seehas]

how much did you guys stake on yieldly? im in with 30% of my algos dont have the balls to put all of them there

Well i have about 200k Yieldly now. But i have very little Algo at the moment. I invested alot in Yieldly and Algo NFT's. But im a bit bummed now cause i wanted to invest more in Algo and thought i still had time. If i had to choose now i would do 50/50 Algo/Yieldly.

well let me tell you something i bought ETH when it was nearly 200$ and at this time "i wished i had more time" look where it is now.

Did you HODL? Yeah who knows where Algorand can go right. Interesting yourney its been untill now in Cryptoworld for me!

If not for Jayke i would probably still have the same stance now as most of my friends and family. Very dangerous to lose your money and just a bunch of ponzischemes. Even alot of financial experts i speak to have this view on crypto. So much ignorance and fear because of the picture the mainstream media paints.

Crypto will change the world. Its as big as the invention of Internet and it has the potential to be a huge revolution for us the people too.

yes i did hold but i didnt get rich from it, wasnt that much

Jayke is our CryptoKing here on Avalon :clapping::highfive:, if it wasnt for him i would still be holding a ton of ripple (traded all for hbar and algo).

btw. im all in now on Yieldly @Jayke , all my Algos and 100k+ in Yieldly

[Jayke]

Thanks for the kudos guys! :beer::sun:

Been a while since I covered ripple, think the last time was when Ripple CEO, Brad Garlinghouse, was pictured with Algorand CEO, Steve Kokinos at the big Miami meet-up earlier this year. Flare network (https://flare.network) was launched since then, which is supposed to bring smart contracts to XRP. The Algorand team posted about their partnership with them a while back, but can’t find any mention of that partnership on the Flare website.

Bitboy crypto seems to think the Ripple manipulation has come to an end now, while the SEC seems to be losing face in the court case against them, which is good for the crypto market as a whole.

BA695yKtCuw
~~~~~~~~~~~~~~

Keli Callaghan dropping some hints of what the Algorand marketing team have been working on behind the scenes. She mentioned in her Algofest interview that her role at Algorand inc is primarily about business to business, or business to government sales and adoption. Which is why I find this post from yesterday very curious. Mentioning an imminent DeFi wave to the tune of $1 billion flowing into Algorand within the coming weeks. Specifically mentions the AVM (Algorand Virtual Machine). The AVM allows developers on Ethereum to port their smart contracts over to Algorand at the click of a button. A project called Smile coin (https://smilecoin.us/smilecoin-roadmap.pdf) has already led the way in this regard. Beyond Opulous launching next week, will be interesting to see what other DeFi projects are being onboarded.

https://mobile.twitter.com/KeliCallaghan/status/1436328867782877186
1436328867782877186
https://mobile.twitter.com/KeliCallaghan/status/1436501706494316544
1436501706494316544

[seehas]

for everyone that is interested in the governance coming on algorand on 1st of October

https://algorand.foundation/gov-faq

[Jayke]

Looks like Hbar is getting ready for its run to a new all time high. After making a perfect cup and handle pattern on the weekly chart. Should at least see $0.70 on the next move up and hopefully break the dollar barrier by end of year.

https://mobile.twitter.com/bengrahamrocks/status/1436555042006384641
1436555042006384641

[Jayke]

Good interview between Layah Heilpern and Ran Naneur from Cryptobanter. I like Ran but I’m sure he’s been paid by Solana and Cardano to never mention Algorand. :facepalm:

dRY4ozzw2UU
~~~~~~~~~~~

Meanwhile, Solana has been down for over 5 hours today, Ninos Mansor from Arrington Capital and David Garcia from Borderless capital having a little banter at Solanas expense.
https://mobile.twitter.com/DG__tw/status/1437817996395925518
1437817996395925518
===========

https://cryptobriefing.com/solana-intermittent-instability-arbitrum-suffers-outage/




Solana Hit By “Intermittent Instability” Again, Arbitrum Suffers Outage

The Solana Foundation reported that the high-throughput blockchain was experiencing “intermittent instability” earlier today. Meanwhile, the Ethereum Layer Two solution Arbitrum is also down.

Solana and Arbitrum are down.
Solana Status, a Twitter page run by the Solana Foundation, posted an update reporting that the issue had been ongoing for 45 minutes at 12:38 UTC Tuesday. It read:

“Solana mainnet-beta is experiencing intermittent instability. This began approximately 45 minutes ago, and engineers are investigating the issue.”

The team added that resource exhaustion had caused a denial of service and that engineers were looking for a resolution. “Validators are preparing for a potential restart if necessary,” the announcement read.

Data from SolScan (https://solscan.io/txs), a popular block explorer for Solana, indicates that the last block on the network was processed roughly three hours ago. Many users have also reported that their funds are stuck as a result of the incident.
Phantom, a popular Solana-based wallet, confirmed that it was “having trouble connecting” (https://twitter.com/phantom/status/1437777629688500242?s=20) along with other applications.

Solana, which bills itself as a high-throughput blockchain, has faced other performance issues in recent weeks. On Sep. 2, Solana Status posted a similar message that the network was experiencing “intermittent instability,” (https://twitter.com/SolanaStatus/status/1433429598230876173) which was the result of performance degradation. The issue reduced throughput on the network and reportedly lasted for about 62 minutes.
Solana’s SOL token took a dip around the time the issues started, hitting a low of $156.36. It’s slightly recovered since, trading at $162.41 at press time.
==========

I remember this problem with Solana happened earlier in this thread already when Adsdax, a high throughput company, was asked to stop using them because they were using up all the Solana server processing power. Not sure how they’ll manage to resolve this issue to meet institutional demand and usage.


I’m not sure about Solana, one of Hederas most active customers Adsdax hinted they’d tried Solana before moving to Hbar but were asked to stop because Sol couldn’t handle the high throughput.
https://mobile.twitter.com/roopots/status/1401977266897231881
1401977266897231881
https://mobile.twitter.com/roopots/status/1401996757479956497
1401996757479956497

[Jayke]

Algorand partners with the Drone Race League? Drone racing looks amazing, how’ve I never heard of this sport before. Almost like fighter pilot training for Star Wars :ROFL:

https://mobile.twitter.com/Algorand/status/1437730863710605312
1437730863710605312

bITjRQCGEug

[leavesoftrees]

Algo seems to be playing snakes and ladders, but Hbar is soaring ahead!

[gord]

big whale yesterday:

Input total 1,129,564.20 BTC 50,877,800,000 USD
Output total 1,129,570.45 BTC 50,878,100,000 USD
https://blockchair.com/bitcoin/block/700520

[Jayke]

Is the ISDA (International Swaps and Derivatives) moving onto the blockchain January 1st 2022? “A future without LIBOR”

https://mobile.twitter.com/ISDA/status/1438128034071076871
1438128034071076871

~~~~~~~~

Interview with Mark Beeston from April 2021

Description


Technological innovation could transform derivatives markets, but how do you identify technologies with true potential, and what parts of the trade lifecycle are most in need of a tech upgrade? Industry veteran Mark Beeston, founder and partner at Illuminate Financial, shares his perspective.


https://www.isda.org/2021/04/09/episode-9-investing-in-innovation/


Mark Beeston at 22mins: “Crypto and ESG...they’re going to be huge” :muscle:

Note: ESG = Environmental, Social and Governance (https://corporatefinanceinstitute.com/resources/knowledge/other/esg-environmental-social-governance/)
“ESG is the acronym for Environmental, Social, and (Corporate) Governance, the three broad categories, or areas, of interest for what is termed “socially responsible investors.” They are investors who consider it important to incorporate their values and concerns (such as environmental concerns) into their selection of investments instead of simply considering the potential profitability and/or risk presented by an investment opportunity.”

~~~~~~~~~~~

Algorand is listed as a CDM champion on the ISDA membership webpage.
(https://www.isda.org/member-showcase/algorand/)

January 1st, is that when we’ll finally see some derivatives market action moved onto Algorand as was mentioned in a press release a couple years ago? Is the ESG part of it why Algorand has been promoting their carbon negative credentials and moving to a new governance model on October 1st?

=======

https://www.algorand.com/resources/blog/algorand-isda-member




JUL 17, 2019

Algorand Continues Development of Advanced Financial Assets on the Blockchain as Member of International Swaps and Derivatives Association (ISDA)
By: Algorand

Coming on the heels of the announcement of the first stablecoin to integrate with the Algorand blockchain, we are pleased to share yet another milestone in our vision of establishing the infrastructure needed for new decentralized assets and financial instruments. Algorand has become a member of the International Swaps and Derivatives Association (ISDA).

A primary focus for Algorand is expanding the breadth and depth of possible transaction classes through advanced financial instruments on the blockchain. By working with ISDA to implement their Common Domain Model (CDM) on the Algorand blockchain, financial organizations will be able to use existing templates and programming tools to easily create decentralized financial instruments.

In addition, Algorand is working with financial institutions to develop smart derivatives contracts that are in line with ISDA standards. These smart derivatives contracts will formalize existing legal constructs into executable code, allowing for increased efficiency and automation in the financial industry.

With a substantial global market for financial derivatives representing around $10 trillion in gross market value and more than $500 trillion in notional value,* ISDA plays a crucial role in helping professional financial institutions participate in this market in a way that is transparent and standardized. ISDA developed its Common Domain Model to allow all financial institutions to have a single, common digital representation of derivatives trade events. It is anticipated that the Common Domain Model will save the financial industry billions of dollars by allowing standardization of financial derivatives across participants in the industry.

“We are very pleased that Algorand is implementing the ISDA Common Domain Model on their blockchain, which will give their community access to financial tools to safely participate in blockchain-based derivatives markets.” said Ian Sloyan, Director Market Infrastructure and Technology at ISDA.

We’re excited to work with ISDA to help bring new tools and infrastructure, and encourage new participants to build products in the borderless economy.
========

[seehas]

Im also into (ALGO) NFT's right now as a information platform i like - https://www.reddit.com/r/AlgoNFTMarketplace/ and the markets for algo nfts

https://ab2.gallery


and

https://www.randgallery.com/

here is my favourite one i bought so far

https://i.imgur.com/O9yLCn0.jpeg

[Mypos]

Im also into (ALGO) NFT's right now as a information platform i like - https://www.reddit.com/r/AlgoNFTMarketplace/ and the markets for algo nfts

https://ab2.gallery


and

https://www.randgallery.com/

here is my favourite one i bought so far

https://i.imgur.com/O9yLCn0.jpeg

Nice! I love his style. I also have one from JL Studio Colab with RU.

https://www.randgallery.com/algo-collection/?address=265010208

[Antagenet]

For what it's worth, Check out the NFT Project on Opensea, Gambling Apes.
Not controlled by Old Global Disorder Cartel.

[seehas]

For what it's worth, Check out the NFT Project on Opensea, Gambling Apes.
Not controlled by Old Global Disorder Cartel.

Well on the ALGO-NFT Side you have a very interesting shuffle running now "Al Goanna", shuffle means you enter your wallet-address into a pool and 50 will be chosen to buy an nft

the shuffle will be live only a few hours more, so if you are interested its a great time to pick up one of the best NFTs on ALGO available.

https://algoanna.com/

Someone should send one to David Icke aswell :ROFL:
https://algoanna.com/wp-content/uploads/2021/09/149-300x300.jpg

[Mypos]

The time has finally come! Opulous will be listed tomorrow on exchanges. Kucoin, Uniswap and Pancakeswap. I think its pretty rare to be listed on 3 platforms at the same time? Maybe Jayke can give some more comments.

https://twitter.com/opulousapp/status/1440702087445180424?s=20

[seehas]

The time has finally come! Opulous will be listed tomorrow on exchanges. Kucoin, Uniswap and Pancakeswap. I think its pretty rare to be listed on 3 platforms at the same time? Maybe Jayke can give some more comments.

https://twitter.com/opulousapp/status/1440702087445180424?s=20

whats the current price couldnt find anything

[Jayke]

The time has finally come! Opulous will be listed tomorrow on exchanges. Kucoin, Uniswap and Pancakeswap. I think its pretty rare to be listed on 3 platforms at the same time? Maybe Jayke can give some more comments.

https://twitter.com/opulousapp/status/1440702087445180424?s=20

whats the current price couldnt find anything

We won’t know until it gets listed tomorrow. The ICO price was $0.05, so not sure if it’ll be the same when it’s first listed. Probably won’t stay that price for long though. Another Algorand project ‘SmileCoin’ was released on MEXC (https://www.mexc.com/exchange/SMILE_USDT) yesterday. Was listed for 1c and shot up to 5c right away, before settling back down to 2c where it is now.

Opulous is both an Algorand ASA as well as being an Ethereum ERC-20 token. They’re using Algorand for all the in-house stuff, the back end payments processing in their DeFi app, but the token itself is cross-chain.

For the listings, Kucoin does Algo and Eth integration, Uniswap is for the Eth crowd, pancake swap uses Binance smart chain. Although from Kucoin’s press release (https://www.kucoin.com/news/en-opul-gets-listed-on-kucoin-world-premiere?utm_source=I-love-apples) it says they’re only supporting the ERC-20 token on launch tomorrow. So, I don’t know if I’m going to buy any tomorrow, I’ll have to keep tabs on the Kucoin listing to see if they will actually support the OPUL ASA (Algorand Standard Asset). I bought another bag of Algorand on the dip yesterday, in anticipation of the OPUL launch, but if the ASA isn’t supported tomorrow, I’ll keep hold of those Algo to invest in Tinyman (https://tinyman.org) instead, the first Automated Market Maker on Algorand, which should be going live any day now.
https://mobile.twitter.com/YieldlyFinance/status/1440644312748810244
1440644312748810244
The Smile coin team did an interview before their launch yesterday where they let slip they’ll be partnering with Yieldly, which will let you stake Yieldly tokens to earn Smile coins. Smile coin actually sounds really interesting, it makes sense why Yieldly partnered with Esports and Algorand partnered with the drone racing league, Smile coin is looking to be the online currency that the esport gaming community uses to integrate all online gaming transactions and payments.

vB86rgYhHi0
The Yieldly partnership with Opulous was due to be announced soon as well so I might just try and earn my OPUL tokens through staking my YLDY if the Eth-heads drive the OPUL price up too much tomorrow before the ASA listing version is announced.

MEXC is the go-to centralised exchange for ASA listings right now so I expect an announcement from them soon if Kucoin just stays with the ERC-20 version of OPUL.
https://mobile.twitter.com/Algorand/status/1435537373530664960
1435537373530664960

[Mypos]

The time has finally come! Opulous will be listed tomorrow on exchanges. Kucoin, Uniswap and Pancakeswap. I think its pretty rare to be listed on 3 platforms at the same time? Maybe Jayke can give some more comments.

https://twitter.com/opulousapp/status/1440702087445180424?s=20

whats the current price couldnt find anything

ICO price is 0.05 dollar but i dont think you will be able to buy it for that price. It will probably spike direct.

[Jayke]

Wow, Avalanch’s first DeFi project gets hacked for $35 million on its first day of operation.

https://mobile.twitter.com/Cointelegraph/status/1440262052421902347
1440262052421902347

[Mypos]

The time has finally come! Opulous will be listed tomorrow on exchanges. Kucoin, Uniswap and Pancakeswap. I think its pretty rare to be listed on 3 platforms at the same time? Maybe Jayke can give some more comments.

https://twitter.com/opulousapp/status/1440702087445180424?s=20

whats the current price couldnt find anything

We won’t know until it gets listed tomorrow. The ICO price was $0.05, so not sure if it’ll be the same when it’s first listed. Probably won’t stay that price for long though. Another Algorand project ‘SmileCoin’ was released on MEXC (https://www.mexc.com/exchange/SMILE_USDT) yesterday. Was listed for 1c and shot up to 5c right away, before settling back down to 2c where it is now.

Opulous is both an Algorand ASA as well as being an Ethereum ERC-20 token. They’re using Algorand for all the in-house stuff, the back end payments processing in their DeFi app, but the token itself is cross-chain.

For the listings, Kucoin does Algo and Eth integration, Uniswap is for the Eth crowd, pancake swap uses Binance smart chain. Although from Kucoin’s press release (https://www.kucoin.com/news/en-opul-gets-listed-on-kucoin-world-premiere?utm_source=I-love-apples) it says they’re only supporting the ERC-20 token on launch tomorrow. So, I don’t know if I’m going to buy any tomorrow, I’ll have to keep tabs on the Kucoin listing to see if they will actually support the OPUL ASA (Algorand Standard Asset). I bought another bag of Algorand on the dip yesterday, in anticipation of the OPUL launch, but if the ASA isn’t supported tomorrow, I’ll keep hold of those Algo to invest in Tinyman (https://tinyman.org) instead, the first Automated Market Maker on Algorand, which should be going live any day now.
https://mobile.twitter.com/YieldlyFinance/status/1440644312748810244
1440644312748810244
The Smile coin team did an interview before their launch yesterday where they let slip they’ll be partnering with Yieldly, which will let you stake Yieldly tokens to earn Smile coins. Smile coin actually sounds really interesting, it makes sense why Yieldly partnered with Esports and Algorand partnered with the drone racing league, Smile coin is looking to be the online currency that the esport gaming community uses to integrate all online gaming transactions and payments.

vB86rgYhHi0
The Yieldly partnership with Opulous was due to be announced soon as well so I might just try and earn my OPUL tokens through staking my YLDY if the Eth-heads drive the OPUL price up too much tomorrow before the ASA listing version is announced.

MEXC is the go-to centralised exchange for ASA listings right now so I expect an announcement from them soon if Kucoin just stays with the ERC-20 version of OPUL.
https://mobile.twitter.com/Algorand/status/1435537373530664960
1435537373530664960

Thx Jayke! Very elaborate as allways. Much honour and appreciation!

Im in the Tinyman Telegram group and as i understand it they will not be doing a Tinyman Token before next year. They are also not doing ICO or airdrops as how i understand it now. So i dont think there is a way to invest for the moment.

[Jayke]

Thx Jayke! Very elaborate as allways. Much honour and appreciation!

Im in the Tinyman Telegram group and as i understand it they will not be doing a Tinyman Token before next year. They are also not doing ICO or airdrops as how i understand it now. So i dont think there is a way to invest for the moment.

Oh man, that’s disappointing, Tinyman is going to be huge for the ecosystem. At least it gives longer to save up. I might just bite the bullet and buy the ERC-20 token on Kucoin. Some big names already backing the OPUL launch. They’ve even got Mr Beast, one of the biggest Youtube influencers, with 70 million subscribers onboard. Would only take one tweet or YouTube vid from someone like that to launch the OPUL rocket ship.

https://mobile.twitter.com/opulousapp/status/1440772049228558339
1440772049228558339

Even at 100x, 124 million is still considered a microcap in the crypto world.

https://mobile.twitter.com/top7ico/status/1440759978936000518
1440759978936000518

[Antagenet]

Im a little sick of just buying and holding cryptos and watching them go up down up down up down...
so
I'm getting more into NFT projects
(my favorite is gambling apes, 7,777 owners will share profit from 2 online casinos)
https://gamblingapes.com/

and especially play to earn and pay to play crypto projects,
DeRace is selling there first horse racing horsies on Binance tomorrow, and then next week
on their own platform.
https://www.derace.com/

[Jayke]

So OPUL did an instant 50x on launch. I was there the minute it dropped on Kucoin and couldn’t get an order in as it was going up so quick. Settled down to $1 per token now though, still 20x from the ICO price. Anyone that got a prelaunch allocation must be feeling pretty happy right now. ::Party:

I ended up just using my OPUL allocation to buy more Yieldly instead. Yieldly’s only done 10x since it launched, still plenty of room for growth for both projects.

[Jayke]

Dr Robert Malone, inventor of the mRNA vaccine, whose been exposing the Covid-19 scamdemic via his twitter account, has recently adopted blockchain technology to get real healthcare science to the public.:sun:

1442121561142595586
https://mobile.twitter.com/RWMaloneMD/status/1442121561142595586

[Jayke]

This development is huge for adoption. AlgoPay, embed a payment portal on your website with just a couple lines of code, which makes receiving payments of any Algorand ASA easier than using PayPal.

https://mobile.twitter.com/KeliCallaghan/status/1442274679952003074
1442274679952003074
https://mobile.twitter.com/Headline_Brian/status/1442261988890091520
1442261988890091520

Rand Gallery also introduces RandSwap.com, where people can atomic swap items in their NFT collections.
https://mobile.twitter.com/al_goanna/status/1442365256307642377
1442365256307642377

[Jayke]

Boom! This is why I’ve been stacking yieldly! Get ready for the pool party!

https://mobile.twitter.com/YieldlyFinance/status/1442504098901749762
1442504098901749762

~~~~~~~~~~~~~~


https://yieldly.finance/yieldly-launches-multi-asset-liquidity-pools/




Yieldly Launches First Multi-Asset Liquidity Pools on Algorand
September 27, 2021

Yieldly is delighted to announce the next crucial building block in Algorand’s DeFi ecosystem — the launch of new partnerships and liquidity pools with the four largest Algorand Standard Assets (ASAs): Xfinite (XET), Smile Coin Network (SMILE), the Asia Reserve Currency Coin (ARCC) from the International Blockchain Monetary Reserve, and Opulous (OPUL). These exciting new projects each have their own unique use cases. Their pools will bring additional liquidity and encourage institutional growth for Yieldly and the Algorand ecosystem that powers it.

What this means for Yieldly, Algorand, and you

The unveiling of these multi-asset liquidity pools stands to foster greater utility for both Yieldly and the broader Algorand ecosystem and provides projects the ability to garner better user adoption and liquidity by distributing their tokens to the community. In turn, this will render a channel for even more projects to develop on Algorand, further expanding Yieldly’s utility. The partnerships will enable projects to distribute their native tokens to the 15k+ Yieldly DeFi community and much larger 10m+ Algorand community. The benefits to the users are that anybody can stake in these pools and generate rewards.

The launch of Yieldly’s new liquidity pools, enabling greater utility for the ecosystem, follows soon after the launch of Algorand Foundation’s $300m USD Fund designed to support DeFi innovation and provide liquidity incentives to the Algorand DeFi ecosystem.

Yieldly’s liquidity pools will launch as follows: Opulous liquidity pool to launch 27 September EDT, Smile Coin liquidity pool to launch 30 September EDT (1 October AEST), followed by Xfinite in mid October and then IBMR’s pool.

The rewards generated from Yieldly’s multi-asset liquidity pools will mainly depend on the size of the stake and how long a user stakes. Anybody in the pool has the freedom to stake, unstake or claim their rewards at any time — making for a great way to get rewards, all while also supporting the growth and adoption of both Algorand and Yieldly!

The new partner tokens (and what they do)

Smile Coin Network (SMILE)
SMILE aims to decentralize gaming by enabling users to view, manage, and track their gaming activity on an open, public infrastructure. The blockchain-based network will create a decentralized platform for gamers to manage and control the use of their gaming data and leverage AI-tools to optimize performance. Their offerings will also include streamlined financing for gaming companies and alternatives for payment processing allows gaming companies to process payments, deposits, and withdrawals in major global currencies, so players can participate from any jurisdiction.

Asia Reserve Currency Coin (ARCC)

ARCC is the token being used by the International Blockchain Monetary Reserve. IBMR’s mission is to break the cycle of poverty, exploitation, and wealth disparity in failing emerging markets through the decentralized network effects of blockchain technology, focused on Southeast Asia. So many in Southeast Asia lack access to banking services, and the distribution of resources is by no means even. This platform attempts to create a system and token that can be used by those left behind by the legacy financial market.

Opulous (OPUL)

Opulous is seeking to redefine the music industry by changing the entire way artists find funding. It is the first platform of its kind to launch music copyright contracts powered by NFTs. Unlike most NFTs out there, Opulous tokens offer holders a portion of the underlying musical copyright. That means these groundbreaking NFTs will generate monthly royalty rewards and increase in value as an artist’s career progresses. This offers artists a chance to have more artistic freedom than ever before and gives fans an opportunity to support independent artists in ways beyond merely buying their music.

Xfinite Entertainment Token (XET)

XET is an entertainment ecosystem token that aims to revolutionize digital media through innovations to customer experience, data driven engagement and ecosystem economics for the benefit of its community. It is a technology enabled solution to ensure transparency and re-establish trust in the digital world. Xfinite has launched Mzaalo which is a gamified video on demand platform available on iOS, Google Play store and Web. Mzaalo provides free access to premium content, user rewards and a range of fun and interactive features.

Why Yieldly and Algorand are destined for DeFi

These partnerships come among a flood of DeFi opportunities out there. So what — outside of the aforementioned unique use cases — should drive users onto Yieldly over other offerings? Well, the answer comes from both the underlying power of the Algorand blockchain as well as a variety of other benefits that Yieldly itself has to offer.

For one, Algorand is faster, cheaper, and more scalable than virtually all of the competition, making it a logical choice for building a DeFi ecosystem. Then there’s Yieldly itself. Yieldly’s smart contracts have already been fully audited (twice). Once by cybersecurity firm Halborn and again by Runtime verification (passed with flying colors on both occasions, by the way).

In addition to bolstering liquidity, and expanding NFT options, Yieldly’s partners can also access Yieldly Bridges. For example, Yieldly’s ERC20 cross-chain interoperability bridge links Algorand to Ethereum, which facilitates the flow of liquidity on and off-chain and adds flexibility for DeFi participants — enabling an easy means to compound rewards made via Yieldly.

For all of these reasons and more, Yieldly is set to become a thriving market for DeFi and a crucial staging platform for ASA-based assets and projects. Teaming up with so many promising projects will be the key to unlocking adoption for Yieldly and Algorand alike. Big things coming.

===========

On a side note, I’ve still been struggling to buy any OPUL coins, I noticed the OPUL ASA was listed on gate.io, so bought £50 worth, only to find when trying to withdraw those OPUL to my Algorand wallet, Gate.io were charging 40 OPUL as the transaction fee.:( Stay away from those scammers, got my OPUL locked on there now as there’s no way I’m paying that much when any ASA transaction is only 0.0001 of an Algo. They’re trying to pocket 39.999 OPUL for themselves.:doh:

[ThePythonicCow]

I've just started listening to this guy, Qiao Wang, a few minutes ago.

He gets crypto (and if you look at his twitter feed, https://twitter.com/QwQiao, he also understands nutrition).

Awesome interview:
oMmllT1pQMU

[Jayke]

I've just started listening to this guy, Qiao Wang, a few minutes ago.

He gets crypto (and if you look at his twitter feed, https://twitter.com/QwQiao, he also understands nutrition).

Awesome interview:
oMmllT1pQMU

The PythonicCow, the blockchain godfather returns, been wondering if you’d end up commenting on this thread. :cocktail::highfive:

Since you were the one that initially gave us the heads up over Hedera hashgraph several years ago, just wondering if you kept tabs on it and managed to buy in while it was 3cent last year? Also, what are your thoughts on the Algorand protocol? Just as good as Hbar or is Hbar still superior?

~~~~~~~

Leemon Baird was on the BBC news here in the UK recently.

https://mobile.twitter.com/BarHBARian/status/1443101891504885763
1443101891504885763
I find it curious how one of Hbars primary adopters DLA Piper has just announced a new partnership with Algorand for their TOKO platform. Algorand and Hbar finally shaking hands, dominating the market together perhaps?

https://mobile.twitter.com/AlgoFoundation/status/1443134560665997315
1443134560665997315
I’ve always thought Algorand and Hbar are like the Yin and Yang of DLT technology. Algorand’s more surface level, what people visibly see as they’re making payments and sending international transactions, whereas Hbar seems better suited for the more background stuff, “everyone will be using Hedera and won’t even know it” as the EFTPOS CEO once said.

~~~~~~~~~~~~

The Algorand super cycle looks like it’s about to start with asset tokenisation and trading launching on the platform.

https://mobile.twitter.com/KeliCallaghan/status/1442849794578333705
1442849794578333705
Also community governance starts on Friday, should see several billion Algo locked away in staking for 3 months. #AlgoAutumn getting ready for launch.

https://mobile.twitter.com/AlgoFoundation/status/1442947807107637250
1442947807107637250

[ThePythonicCow]

Since you were the one that initially gave us the heads up over Hedera hashgraph several years ago, just wondering if you kept tabs on it and managed to buy in while it was 3cent last year? Also, what are your thoughts on the Algorand protocol? Just as good as Hbar or is Hbar still superior?
As a long time geek in parallel algorithms, as far back as being one of the principle authors of a paper in the Journal of the ACM (American Computing Machinery) back in the 1970's that provided an algorithm for coordinating N independent processes using a single shared memory location of size Log2(N)/2 bits, I find the hashgraph algorithm to be superior to any of the blockchain based algorithms.

However, as also a long time geek in open source software, and its ancestors back in Bell Labs Unix, on which I worked also in the 1970's, and Stallman's GNU work and his GPL license that was a critical element of the success of Linux, which kernel has still has a significant chunk of my code in the file kernel/cgroup/cpuset.c, I have abandoned my enthusiasm for hashgraph.

Dr. Leemon Baird and Hedera have gone the closed source, patent protected, route, focusing on working with key corporate and financial giants of our present debt-money funded Babylonian-Phoenician-Venetian originated tyrants who have ruled over humanity for at least the last 6,000 years.

Just as I prefer to work with Linux these days over Windows, similarly I prefer to work with (well, dabble in lightly) open source, distributed development projects in the crypto world.

I've sold my HBAR (the hashgraph crypto), which did not cause me much grief, as it's not one of the super stars in the crypto coin markets these days anyway.

I do have a few ALGO (Algorand coins) in my crypto piggy bank, amongst others.

[ThePythonicCow]

.
My preference for crypto is, like with open source operating systems and the open standards underlying Internet, for multiple competing, interoperating, mostly open cryptocurrency projects.

Thus we can replace the monopoly on our civilization's monetary system that the central banks have obtained (bombing back to the stone age any nation that wouldn't "join the club"), with a diverse, underlying, openly accessible, panorama of competing monetary alternatives.

Thus we can throw off the "cross of gold" that William Jennings Bryan warned us Americans of, back in 1986, as the New York bankers were working to shut down the use of silver as the common man's currency, and to stop independent banks from issuing their own gold and silver backed currencies.

The world monopoly over our "fungible assets", by the Banksters, must come to an end, just as the world (near) monopoly over distant communication that was once held by those who owned radio and TV antennas or who bought ink by the barrel has come to an end with the Internet.

Murray N. Rothbard spoke to this need to end the Banksters monopoly over our money, in this 1992 interview: Monetary Competition: The Best Alternative to Razing Central Banks to the Ground (https://www.lewrockwell.com/2021/09/murray-n-rothbard/monetary-competition-the-best-alternative-to-razing-central-banks-to-the-ground/).

[ThePythonicCow]

Dr. Leemon Baird and Hedera have gone the closed source, patent protected, route, focusing on working with key corporate and financial giants of our present debt-money funded Babylonian-Phoenician-Venetian originated tyrants who have ruled over humanity for at least the last 6,000 years.
In other words, noticing this thread's title, I am claiming that Leemon Baird has sought the backing of the "globalist corporations".

[ThePythonicCow]

.
This article, Why China's Latest 'Bitcoin Ban' Is Bullish for DeFi (https://decrypt.co/82243/china-bans-bitcoin-again-bullish-for-defi), interprets this latest Chinese crypto ban as favorable for "DeFi" (Decentralized Finance). My preferences noted above also align with DeFi. Decentralizing our world's monetary and financial system seems to be another way of conceptualizing the removal of the centralized monopoly power that our Banksters have long sought and largely achieved, over our civilizations monetary, financial and debt markets.

The article lays out the impact that this latest Chinese ban has on miners, exchanges, investors, traders and users, concluding:

=== ===



Crypto builders still in China need to remain 100% anonymous now, which is difficult and not always possible. They must look abroad, and adjust the way their organization is structured, marketing messages delivered, and more importantly, how their project's expectations are met.

“We are gradually shutting down Chinese business, which is honestly fine," one DeFi founder told me, asking to remain anonymous. "Most of our users are international anyways."

The golden days of building crypto empires by feeding off China’s large consumer base are over. But the latest ban is a catalyst to crypto’s decentralization. It's bullish for DeFi, and for decentralized mindsets.

[ThePythonicCow]

Hmmm ... the Fantom FTM token seems to be using an asynchronous Byzantine Fault Tolerant (aBFT) gossip protocol and directed acyclic graph (DAG) architecture similar to Hashgraph.

If they can avoid patent infringement lawsuits or other such entanglements, and if they can gain traction even without "selling their soul" to some big corporations, then they could be quite interesting. This reminds me of where Linux was, in the 1990's, as a knock off of Unix, which outside of free distribution to Universities, required a license from Bell Labs/Western Electric that only corporations found worth buying. Few (certainly not myself) expected Linux to become so dominant at the time.


Lachesis is Fantom’s aBFT consensus algorithm (https://fantom.foundation/lachesis-consensus-algorithm/)
Fantom Review: DAG Based DeFi Powerhouse (https://www.coinbureau.com/review/fantom-ftm/)

[Jayke]

Hmmm ... the Fantom FTM token seems to be using an asynchronous Byzantine Fault Tolerant (aBFT) gossip protocol and directed acyclic graph (DAG) architecture similar to Hashgraph.

If they can avoid patent infringement lawsuits or other such entanglements, and if they can gain traction even without "selling their soul" to some big corporations, then they could be quite interesting. This reminds me of where Linux was, in the 1990's, as a knock off of Unix, which outside of free distribution to Universities, required a license from Bell Labs/Western Electric that only corporations found worth buying. Few (certainly not myself) expected Linux to become so dominant at the time.


Lachesis is Fantom’s aBFT consensus algorithm (https://fantom.foundation/lachesis-consensus-algorithm/)
Fantom Review: DAG Based DeFi Powerhouse (https://www.coinbureau.com/review/fantom-ftm/)


I remember this Fantom protocol being asked about during a Hedera town Hall meeting several months ago, Leemon seemed assured their patents and governing council were strong enough that they didn’t seem concerned.

With Hederas announcement of the Hbar foundation (https://hedera.com/blog/hedera-governing-council-to-allocate-5-billion-in-hbar-to-independent-foundation-and-ecosystem-development-initiatives), where they’ve set 10billion Hbar (20% of total supply) aside for ecosystem development. It’s only a matter of time before Hedera becomes a behemoth of institutional adoption imo.

I’ve still been keeping tabs on that ‘better hashgraph’ you pointed out as well, the PARSEC protocol, but could only find MAIDsafe building with that one. They don’t seem to have made much progress in getting it operational just yet, at least haven’t been making any major announcements on Twitter for a while.

~~~~~~~~~~~

Texas leading the way in blockchain adoption, intend to make it useable in the local grocery store:
https://mobile.twitter.com/zhusu/status/1444533262374748167
1444533262374748167
~~~~~~~~~~~

Raoul Pal predicting a strong close for the Q4 crypto markets, the charts show a potential $6.4 trillion total crypto market cap by the years end, overall 3x from the Mays previous all time highs.

https://mobile.twitter.com/RaoulGMI/status/1444446301509279750
1444446301509279750
~~~~~~~~~~~

And the Algorand governance portal is now open... https://governance.algorand.foundation/governance-period-1

Only 165million Algo committed so far, with a rewards for the quarter set at 70.5 million Algo, currently 42% returns for the 3 month staking period. No doubt that’ll decrease dramatically as the governance window comes to a close on October 15th. I’ve still got my Algo staked in Yieldly for one more punt at the no loss lottery next Friday before I add mine to the governance pool.

~~~~~~~~~~~~

Kucoin have finally made OPUL ASA withdrawals available, for a 5 OPUL transaction fee, still high for an ASA but much more acceptable than the 40 gate.io were charging. Kucoin have also opened a 35% APY staking pool for any OPUL you buy on there.

https://mobile.twitter.com/opulousapp/status/1443599463138873363
1443599463138873363

[mountain_jim]

https://twitter.com/100trillionUSD/status/https://twitter.com/100trillionUSD/status/1444228421228417024?s=20?s=20

1444228421228417024


https://twitter.com/100trillionUSD/status/1443893179196002307?s=20

1443893179196002307

[Jayke]

Bitcoins price action adoption cycle overlapped with Golds price action from 50 years ago. Might see the cycle top in February 2022 if the pattern continues to play out.

https://mobile.twitter.com/TechDev_52/status/1444815214856261635
1444815214856261635

[ThePythonicCow]

.
My preference for crypto is, like with open source operating systems and the open standards underlying Internet, for multiple competing, interoperating, mostly open cryptocurrency projects.

Thus we can replace the monopoly on our civilization's monetary system that the central banks have obtained (bombing back to the stone age any nation that wouldn't "join the club"), with a diverse, underlying, openly accessible, panorama of competing monetary alternatives.

Thus we can throw off the "cross of gold" that William Jennings Bryan warned us Americans of, back in 1986, as the New York bankers were working to shut down the use of silver as the common man's currency, and to stop independent banks from issuing their own gold and silver backed currencies.

The world monopoly over our "fungible assets", by the Banksters, must come to an end, just as the world (near) monopoly over distant communication that was once held by those who owned radio and TV antennas or who bought ink by the barrel has come to an end with the Internet.

Murray N. Rothbard spoke to this need to end the Banksters monopoly over our money, in this 1992 interview: Monetary Competition: The Best Alternative to Razing Central Banks to the Ground (https://www.lewrockwell.com/2021/09/murray-n-rothbard/monetary-competition-the-best-alternative-to-razing-central-banks-to-the-ground/).

Charles Hoskinson, of Cardano (ADA), has been working this for years now. He understands far better than I do what it will take to build a new, robust, global, decentralized, monetary system.

This interview is over an hour long (sorry), but it's a great listen to understand what it will take, and where we are so far, on building this new global monetary system, to replace the one we've been using for the last 6,000 years.

5-vsuU-OIhI

[Jayke]

I’m going to miss Algorands accelerated vesting program. Managed to buy way more Algo at discount prices than I thought I’d be able to when I first got into crypto. Without the accelerated vesting suppressing the price, and the new governance model just beginning, we should see some real price discovery on Algo over the next couple months.

~~~~~~~~~~


https://algorand.foundation/news/accelerated-vesting-complete




Accelerated Vesting Complete
October 5th, 2021 - The Algorand Foundation is happy to announce the completion of EIP- 11252019AF, the Accelerated Vesting Program linked to the Algorand Early Backer / Node Runner program. As of today, October 5th, approx. 3.1Bn Algo linked to this program has been vested. As a result of this year’s multiple accelerated vesting events, circulating supply of the Algo is now ~6.15Bn Algo, with a liquid supply of ~6.7Bn Algo.

There are a small number of recipients that have had issues with their ability to accept their vesting at different points in the program, and for now, the vesting of these recipients has been placed in a short term pause, until they have resolutions in place to receive the balance of their vesting. The Foundation is actively working with those recipients to ensure they are in a position to accept their vesting by the end of 2021. The total amount of Algo in these paused recipient accounts is ~200M Algo.

Out of the 10Bn Algo minted at mainnet genesis, there now remains ~3.2Bn Algo that is to enter circulation between now and 2030. This 3.2Bn Algo is the Algorand Ecosystem Resource Pool (AERP) and is governed by the newly launched Algorand Community Governance program. Details of the AERP are outlined in the LTAD and cover areas such as Governance Rewards, Developer and Ecosystem Grant funding, the Viridis DeFi Fund and the recently launched ACE program for University partners.

We are excited to move forward with the next phase in the development of the Algorand ecosystem and look forward to the continued growth of our community in the years ahead.
~~~~~~~~~~~~~

https://mobile.twitter.com/DG__tw/status/1445139139163271174
1445139139163271174

[gs_powered]

Ok, lots of information on this thread, but I would like to ask the "experts" what coins and wallet would you advise to someone like me, who's wanting to get into crypto only to have some some money on a diferent market.

My idea is every month spend 100-200 Eur buying crypto, and keep it there until I either have profits gained that I can withdraw or until something bad happens to that particular coin and I may have to trade/sell.

I have signaled some potential interesting coins; Cardano and Hedera Hash, would these be recomended at this time?
Also, I understand different wallets mean different fees, and not all possible currencies... Is there a sugestion for a wallet for a beginner like me?

Thanks!

[Jayke]

Ok, lots of information on this thread, but I would like to ask the "experts" what coins and wallet would you advise to someone like me, who's wanting to get into crypto only to have some some money on a diferent market.

My idea is every month spend 100-200 Eur buying crypto, and keep it there until I either have profits gained that I can withdraw or until something bad happens to that particular coin and I may have to trade/sell.

I have signaled some potential interesting coins; Cardano and Hedera Hash, would these be recomended at this time?
Also, I understand different wallets mean different fees, and not all possible currencies... Is there a sugestion for a wallet for a beginner like me?

Thanks!

If I was just getting started in crypto now, I’d probably go all in on Yieldly (https://app.yieldly.finance) (https://www.mexc.com/exchange/YLDY_USDT). At current prices 200 Euros would net you 11,000 YLDY. You can then stake those Yieldly back on their platform for 35% APY. Yieldly has only done 10x from its ICO price of $0.002. If it follows the trajectory of similar coins of its type from different networks, it could easily reach a dollar per coin in a couple years, still a 50x potential from where it is now.

All you need is a MyAlgo wallet (https://wallet.myalgo.com/home) to get started.

The thing that puts me off with Cardano and Hbar is the 50 billion total supply. They’ll probably both do well for a long term investment, but in terms of price appreciation, they’ll be more limited this bull run with their huge market caps. The Algorand network is primed for performing best in the last phase of this current bull market IMO. Plus there’s basically no fees to use the Algorand wallet, only costs .001 Algo to send anything. Even if Algorand reaches $1000 per coin it’ll still only cost $1 to send a transaction.

[Jayke]

TinyMan (https://app.tinyman.org), Algorands first AMM (Automated Market Maker) is now live for trading. This has been predicted to bring $10 billion of value onto the Algorand network before 2022 by Fortior Blockchains (https://fortiorblockchain.com/) AI algorithms. Guess we’ll see how accurate the AI is in a few months.

https://mobile.twitter.com/tinymanorg/status/1446146794656780289
1446146794656780289

[Vangelo]

Ok, lots of information on this thread, but I would like to ask the "experts" what coins and wallet would you advise to someone like me, who's wanting to get into crypto only to have some some money on a diferent market.

My idea is every month spend 100-200 Eur buying crypto, and keep it there until I either have profits gained that I can withdraw or until something bad happens to that particular coin and I may have to trade/sell.

I have signaled some potential interesting coins; Cardano and Hedera Hash, would these be recomended at this time?
Also, I understand different wallets mean different fees, and not all possible currencies... Is there a sugestion for a wallet for a beginner like me?

Thanks!

The following is a conservative recommendation. Please read ThePythonicCow's post Future-U.S.-IRS-Tax-regulations-on-Cryptocurrencies-Bitcoin-etc (https://projectavalon.net/forum4/showthread.php?116499-Future-U.S.-IRS-Tax-regulations-on-Cryptocurrencies-Bitcoin-etc)for a reasonable assessment of what is happening in the regulatory space in the US.
- BTC: 60%
- ETH: 20%
- SOL: 20%

Purchase and store your crypto on either FTX or CoinbasePro. When you have sufficient holdings then buy a hardware wallet such as Trezor. Note: FTX.us if you reside in US and FTX.com if you reside outside US.

[Jayke]

Ok, lots of information on this thread, but I would like to ask the "experts" what coins and wallet would you advise to someone like me, who's wanting to get into crypto only to have some some money on a diferent market.

My idea is every month spend 100-200 Eur buying crypto, and keep it there until I either have profits gained that I can withdraw or until something bad happens to that particular coin and I may have to trade/sell.

I have signaled some potential interesting coins; Cardano and Hedera Hash, would these be recomended at this time?
Also, I understand different wallets mean different fees, and not all possible currencies... Is there a sugestion for a wallet for a beginner like me?

Thanks!

The following is a conservative recommendation. Please read ThePythonicCow's post Future-U.S.-IRS-Tax-regulations-on-Cryptocurrencies-Bitcoin-etc (https://projectavalon.net/forum4/showthread.php?116499-Future-U.S.-IRS-Tax-regulations-on-Cryptocurrencies-Bitcoin-etc)for a reasonable assessment of what is happening in the regulatory space in the US.
- BTC: 60%
- ETH: 20%
- SOL: 20%

Purchase and store your crypto on either FTX or CoinbasePro. When you have sufficient holdings then buy a hardware wallet such as Trezor. Note: FTX.us if you reside in US and FTX.com if you reside outside US.

I doubt they’ll be as much melodrama around the whole security vs commodity debate as people anticipate. Pretty much all Web 3.0 layer 1 protocols will fall under the commodity act, meaning Cardano, Hbar, Algorand, Solana, Avalanche etc will be just fine. Hbar and Algorand in particular have been working with the SEC from the beginning to ensure they have regulatory compliance.

~~~~~~~~~~~~

https://decentralizedlegalsystem.com/us-crypto-currency-regulation/



Digital Asset Definition

Next, the end of Section 1a of the Commodity Exchange Act will be amended by adding a clarification of what a digital asset is:

“(A) means an asset—

(i) that is created electronically or digitally through software code;

(ii) that is programmed with rules that—

(I) govern the creation, supply, ownership, use, and transfer of such digital asset; and

(II) are designed to resist modification or tampering by any single person or persons under common control;

(iii) that has a transaction history that—

(I) is recorded on a—

(aa) distributed digital ledger; or

(bb) digital data structure in which consensus is achieved through a mathematically verifiable process;

(II) is updated as soon as possible in accordance with the digital asset programming rules related to transactions and ownership; and

(III) after consensus is reached, is designed to prevent modification or tampering with the ownership or transaction history by any single person or persons under common control;

(iv) that is capable of being transferred between persons through a decentralized method without an intermediate custodian; and

(B) is a broad term which includes several other terms used to describe digital assets by market participants and regulators such as ‘virtual asset’, ‘virtual currency’, and ‘convertible virtual currency’ among others.”7)

Smart Contracts with Delivery Time of More than 24 hours are Futures Contracts

A sharpening of the definition of retail commodity transactions could decrease the options for the use of smart contracts outside of regulated exchanges.

Currently, Section 2(c)(2)(D)(i) of the Commodity Exchange Act prohibits persons that are not “eligible contract participants” or “eligible commercial entities” to engage in agreements, contract or transactions in commodities on leverage, margin, or financed by the offeror, the counterparty, or a person acting in concert with the offeror or counterparty on a similar basis.8)

Next, additional amendments mentioned in the SEC. 202 of the Digital Asset Bill applies this on transactions done by smart contract of which the delivery takes longer than 24 hours:

“(ii)  Exceptions

(III) a contract of sale that–

(cc) with respect to digital assets, results in actual delivery (including transfer of control over private keys) not later than 24 hours after the transaction is entered into and such delivery is accomplished by either-

(AA) recording the transaction on the public distributed ledger for the digital asset; or

(BB) with respect to digital which are not recorded on a public distributed ledger for the digital asset, reporting the transaction to a CFTC registered digital asset trade repository; or”9)
~~~~~~~~~~~~

A couple projects on Algorand offering SEC compliant Securities that’ll pass the regulations. Opulous offering S-NFT’s (Securities compliant NFT’s in the form of music royalties).

https://mobile.twitter.com/opulousapp/status/1445744448529260544
1445744448529260544
~~~~~~~~~~

Securitize offering a class A stock trading market, fully SEC compliant.

https://mobile.twitter.com/Securitize/status/1442795541423923206
1442795541423923206
~~~~~~~~~~

Algorand partnering with DLA Piper (a Hedera Hashgraph governing council member), a company at the forefront of the global laws and regulations surrounding the crypto markets.

https://mobile.twitter.com/AlgoSeanLee/status/1443168769098989568
1443168769098989568

[gs_powered]

I'm more and more inclined to follow your advise and make a deposit in a wallet and buy all the Algo I can... it's my first crypto instinct, let's see how it goes :rolleyes:

[rgray222]

Hmmm ... the Fantom FTM token seems to be using an asynchronous Byzantine Fault Tolerant (aBFT) gossip protocol and directed acyclic graph (DAG) architecture similar to Hashgraph.

If they can avoid patent infringement lawsuits or other such entanglements, and if they can gain traction even without "selling their soul" to some big corporations, then they could be quite interesting. This reminds me of where Linux was, in the 1990's, as a knock off of Unix, which outside of free distribution to Universities, required a license from Bell Labs/Western Electric that only corporations found worth buying. Few (certainly not myself) expected Linux to become so dominant at the time.


Lachesis is Fantom’s aBFT consensus algorithm (https://fantom.foundation/lachesis-consensus-algorithm/)
Fantom Review: DAG Based DeFi Powerhouse (https://www.coinbureau.com/review/fantom-ftm/)


Paul, good call
I was not familiar with Fantom so I dropped it into my watch list and thought I would read about it while I considered investing in it. It was selling for approximately $1.20 on Sept 30 (when you made the above post) and as of this morning it was selling at $2.43
I was caught out because I was still researching FTM when the price more than doubled. Now my sense of caution has kicked in.
R

[leavesoftrees]

I'm more and more inclined to follow your advise and make a deposit in a wallet and buy all the Algo I can... it's my first crypto instinct, let's see how it goes :rolleyes:

My advice which you can take or leave is never put all your eggs in one basket. Better to buy a couple of coins. It's a wild ride in terms of rises and falls, so. never invest any more than you can afford to lose

[Mypos]

I'm more and more inclined to follow your advise and make a deposit in a wallet and buy all the Algo I can... it's my first crypto instinct, let's see how it goes :rolleyes:

His advice was not to buy Algorand but to buy Yieldly. Or maybe i didnt read it properly?

[Jayke]

I'm more and more inclined to follow your advise and make a deposit in a wallet and buy all the Algo I can... it's my first crypto instinct, let's see how it goes :rolleyes:

His advice was not to buy Algorand but to buy Yieldly. Or maybe i didnt read it properly?

Just depends on the investment strategy. For a beginner with only €200 to spend. Getting 11,000 YLDY and staking for 35% APY is going to produce better returns than €200 worth of Algo. Over a ‘set it and forget it’ timeframe at least. If you’ve got more to play with though then absolutely load up on Algo before the governance window closes in a few days.

When I first started this thread I did the ‘diversified portfolio’ strategy and just bought a bit of everything. I heard a comment from a long term investor on Twitter though that rang true to me “diversification is selling the winners to buy the losers”. So now I just look for the ‘Alpha and Omega’ investments. Alpha in terms of team, tech and potential, and Omega in that the best tech and team are currently flying under the radar of public perception. Algorands finally starting to gain broader recognition now so should hit price appreciation once governance sets in next week.

Yieldly is still very much under the radar though and they’ve got some big plans in the works that’ll put them in the alpha position.

I_VdRnwqFX4
This ‘alpha and omega’ investment strategy though is suited for ‘low risk, high timeframe’ investors. Have you got the patience to sit on an investment for several years before taking any profit? For people with ‘high risk, short term’ investment goals in mind, there are better strategies. I’ve got a friend whose just made $120,000 ‘flipping NFT’s’ on Opensea I.e. buying an NFT for 0.5 ETH when they first get listed then selling them for 20ETH a couple days later.:ROFL:

Seems way too much like gambling to me though, plus my friend managed to get in a ‘whales club discord chat’ where they plot and plan which NFT’s they’re going to pump and dump on, so unless you’ve got the insider trading knowledge of which NFT’s are going to pump, not worth the risk imo. I’m much happier just earning a garunteed APY in DeFi staking rewards. Much more hassle free, don’t have to spend all day staring at charts to trade and don’t have to stay up till 4am every morning to find out from the whales which NFT’s are going to pump (my friends current daily routine :().

[Mypos]

I'm more and more inclined to follow your advise and make a deposit in a wallet and buy all the Algo I can... it's my first crypto instinct, let's see how it goes :rolleyes:

His advice was not to buy Algorand but to buy Yieldly. Or maybe i didnt read it properly?

Just depends on the investment strategy. For a beginner with only €200 to spend. Getting 11,000 YLDY and staking for 35% APY is going to produce better returns than €200 worth of Algo. Over a ‘set it and forget it’ timeframe at least. If you’ve got more to play with though then absolutely load up on Algo before the governance window closes in a few days.

When I first started this thread I did the ‘diversified portfolio’ strategy and just bought a bit of everything. I heard a comment from a long term investor on Twitter though that rang true to me “diversification is selling the winners to buy the losers”. So now I just look for the ‘Alpha and Omega’ investments. Alpha in terms of team, tech and potential, and Omega in that the best tech and team are currently flying under the radar of public perception. Algorands finally starting to gain broader recognition now so should hit price appreciation once governance sets in next week.

Yieldly is still very much under the radar though and they’ve got some big plans in the works that’ll put them in the alpha position.

I_VdRnwqFX4
This ‘alpha and omega’ investment strategy though is suited for ‘low risk, high timeframe’ investors. Have you got the patience to sit on an investment for several years before taking any profit? For people with ‘high risk, short term’ investment goals in mind, there are better strategies. I’ve got a friend whose just made $120,000 ‘flipping NFT’s’ on Opensea I.e. buying an NFT for 0.5 ETH when they first get listed then selling them for 20ETH a couple days later.:ROFL:

Seems way too much like gambling to me though, plus my friend managed to get in a ‘whales club discord chat’ where they plot and plan which NFT’s they’re going to pump and dump on, so unless you’ve got the insider trading knowledge of which NFT’s are going to pump, not worth the risk imo. I’m much happier just earning a garunteed APY in DeFi staking rewards. Much more hassle free, don’t have to spend all day staring at charts to trade and don’t have to stay up till 4am every morning to find out from the whales which NFT’s are going to pump (my friends current daily routine :().

I made some moderate gains with flipping Algo NFTs. Like about 1000 dollar with a Yieldling. The good part from Algo NFT space is thats its exactly like you said, still in its infancy now. So the prices are way lower then NFTS on ETH or Solana. But its indeed much like gambling. I bought this NFT a week ago for 100 algo which i thought i could flip for at least 1000 algo. But the artists is totally freaking up his own project so there is hardly any demand for his NFTs now. Its also very slow now on Algo NFT market because of coming governance.

[Jayke]

I made some moderate gains with flipping Algo NFTs. Like about 1000 dollar with a Yieldling. The good part from Algo NFT space is thats its exactly like you said, still in its infancy now. So the prices are way lower then NFTS on ETH or Solana. But its indeed much like gambling. I bought this NFT a week ago for 100 algo which i thought i could flip for at least 1000 algo. But the artists is totally freaking up his own project so there is hardly any demand for his NFTs now. Its also very slow now on Algo NFT market because of coming governance.

The Al-goana NFT project on Algorand seems to be doing some impressive things. They had an auction held in VR yesterday where one was sold for over 10,000 Algo. Wouldn’t mind winning one of these in Yieldlys NFT lotteries.:sun:

https://mobile.twitter.com/MarrsPLNZ/status/1447320278451716097
1447320278451716097

[gs_powered]

As I'm seing the Algo currency dropping every day, I was hoping to buy it as low as possible :)

Is there a specific near date when it will no longer pay off to buy the Algos in order to convert them to Yeldly?

[Jayke]

As I'm seing the Algo currency dropping every day, I was hoping to buy it as low as possible :)

Is there a specific near date when it willhttps://app.tinyman.org/ no longer pay off to buy the Algos in order to convert them to Yeldly?

If you’re buying Algo to swap straight into Yieldly, it doesn’t really matter what price Algo is as you can buy on Coinbase, send to your MyAlgo wallet and use TinyMan to make a swap within a couple minutes. The price shouldn’t fluctuate much in that time span.

As for when Algo is going to pump, all eyes on Bitcoin right now.

Algo is making a descending triangle pattern in its daily chart, which looks like it’ll break in 3-7 days. Which way it breaks depends on whether Bitcoin keeps challenging or breaking through to all time highs.

https://s3.amazonaws.com/tradingview/n/nigpTMy0_big.png

The large caps like Algo tend to follow Bitcoin and Ethereum as leading indicators. After they’ve bitcoin and Eth have made a run, then Algo and the other large caps tend to follow.

https://pbs.twimg.com/media/FBZjOx4XoAAK7ZR?format=jpg&name=900x900

How much Algo will pump by if it does break upwards, all eyes on those governance rewards (https://governance.algorand.foundation/governance-period-1). The more Algo staked for governance the less APY we’ll get for the 3 month duration, but the higher the price will appreciate as supply is taken out the market. If the staked amount stays under 1 billion, we’ll get higher APY yet the price won’t go as parabolic as there’ll be more liquid supply to sell at the bull run peak. Only 400 million staked with 3 days left to enroll, the APY is looking good so far, currently sitting at 70%.

If Algo touches the bottom trend line of its descending wedge again in the next few days, you could have some buy orders set between $1.55-$1.63, hopefully scoop some up before we get a break to the upside out of the triangle.

[ThePythonicCow]

I'm more and more inclined to follow your advise and make a deposit in a wallet and buy all the Algo I can... it's my first crypto instinct, let's see how it goes :rolleyes:

My advice which you can take or leave is never put all your eggs in one basket. Better to buy a couple of coins. It's a wild ride in terms of rises and falls, so. never invest any more than you can afford to lose

If your crystal ball is better than mine, and you know one or more cryptos will be big winners, than it might make sense (cents) go all in on those winners.

But what I am confident of, enough to put some (but certainly not all) of my money on, is that

total crypto market capitalization will go up a lot, albeit with dramatic volatility, over time,
with a few of the cryptos going to the moon,
while most of the cryptos collapse and die.

I am basically applying to cryptos what I saw while I was working at a computer company in Silicon Valley, during the dot com boom in the 1990's

Based on that forecast, I spread my crypto investments across a basket of cryptos that seem to me to have what it takes to be a likely longer term winner, and then enjoy the ride as if I were choosing to ride the roller coaster at the state fair.

If I tried to pick just one or two winners, then the odds are I would end up losing all my crypto investments, with a smaller chance I'd be a much bigger winner. When one is younger, or one has more "play money" to invest, such a higher risk strategy might make more sense. That's not my situation. I'd rather have good odds on a good win, rather than lousy odds on a huge win.

I have fantasies of having been able to identify the Google and Amazon dot.com's as the big winners, back in the late 1990's, but like most of my fantasies, they are "for amusement purposes only".

[Jayke]

I'm more and more inclined to follow your advise and make a deposit in a wallet and buy all the Algo I can... it's my first crypto instinct, let's see how it goes :rolleyes:

My advice which you can take or leave is never put all your eggs in one basket. Better to buy a couple of coins. It's a wild ride in terms of rises and falls, so. never invest any more than you can afford to lose

If your crystal ball is better than mine, and you know one or more cryptos will be big winners, than it might make sense (cents) go all in on those winners.

But what I am confident of, enough to put some (but certainly not all) of my money on, is that

total crypto market capitalization will go up a lot, albeit with dramatic volatility, over time,
with a few of the cryptos going to the moon,
while most of the cryptos collapse and die.

I am basically applying to cryptos what I saw while I was working at a computer company in Silicon Valley, during the dot com boom in the 1990's

Based on that forecast, I spread my crypto investments across a basket of cryptos that seem to me to have what it takes to be a likely longer term winner, and then enjoy the ride as if I were choosing to ride the roller coaster at the state fair.

If I tried to pick just one or two winners, then the odds are I would end up losing all my crypto investments, with a smaller chance I'd be a much bigger winner. When one is younger, or one has more "play money" to invest, such a higher risk strategy might make more sense. That's not my situation. I'd rather have good odds on a good win, rather than lousy odds on a huge win.

I have fantasies of having been able to identify the Google and Amazon dot.com's as the big winners, back in the late 1990's, but like most of my fantasies, they are "for amusement purposes only".

I did diversify into Quant when it was $70 and Avalanche when it was $9.50, but after they both pumped 400% I just sold them to buy more Algo at $1.20, reducing my average entry price for that Algo bag to $0.21 per coin. :ROFL:

~~~~~~~~

Plan B did a good interview with Pomp yesterday, so good in fact YouTube deleted Pomp’s channel before an uproar on Twitter saw it reinstated again. The safest strategy is the one he talks about, buying at the bottom of the bear market, then selling at the top—or as close to the top as possible—during the bull market. When the market was pumping to all time highs in May, I had a diversified portfolio of over 50 different coins. When the on-chain data showed a massive dump was imminent, trying to sell 50 different coins individually before the crash was impossible. I managed to take profit on maybe 5 coins before the market tanked.

Holding a smaller portfolio of 3-5 really fundamentally strong assets is so much more stress and hassle free than spreading your bets too thin imo. Especially assets that give APY for the passive income. Doesn’t matter if the price doesn’t move, we’re still making more money than we’d get in the regular financial system.
ytmhmixeCRo
~~~~~~~~~

You know this thread started as a follow the smart money play, what’s the smartest money i.e. Thales, a company that already processes 90% of all credit card transactions globally, investing in? Out of a basket of 15 cryptocurrencies in their portfolio, after months of research, the stand out ones were Algo and Hbar.

A little network analysis on Hbar showed they’re positioning themselves as leaders in the global CBDC infrastructure space. Sure enough, they’ve headed in that direction. We got in Hbar when it was 9cents, now in the 30c range.:muscle:

https://mobile.twitter.com/CarmelleCadet/status/1446511745590247424
1446511745590247424
~~~~~~~~

Algorand is really exciting from the Thales perspective. I actually went for a job interview with Thales a couple years ago. I was trying to switch careers to get into some Eric Dollard style electrical engineering, so I applied for an apprenticeship roll, made it down to the final interview stage but ultimately didn’t get it (I was there with a bunch of fresh out of school 16 year olds:blushing:). During the interview process though I did learn about several of the projects they were really focused on moving into the future. The main project was ‘Swarming’, they wanted to decentralise the battlefield for their battleships. How do you take all the elements of a battle cruiser; the sonar, the weapons, the communications and radars etc, and instead of having them all on one easy to hit battleship, spread those systems out among several smaller, modular, harder to target drones. A swarm of drones instead of one large battleship.

You really think Algorands partnership with the drone racing league is just a random sponsorship and not a highly calculated investment strategy from the team of Nobel prize winning computer scientists at MIT?

The Yieldly team also mentioned the reason they used Algorand to build on is because their dev has his Phd in robotics, and TEAL, Algorands programming language is primarily a robotics language. Algorand is the only blockchain ready for the “post-quantum” world, and it’s potential can be utilised in far more fields than just ‘the future of finance’. Are there any other blockchains that are even attempting to be ‘post-quantum’ ready at this point? Algorand has, by far, the best ‘product-market fit’ for what the global mega-corps are looking to create. Making it the lowest risk investment out of the pack imo. I’m sure there’ll be others that haven’t become overly popular yet and would make a solid opportunity to diversify into. What’s this new Senetas layer 2 solution Thales have recently partnered with, might have to look into this a bit deeper.


https://cpl.thalesgroup.com/partners/senetas-corporation


Senetas’ suite of high-performance, purpose-built Layer 2 network encryption products offer market-leading performance by a number of criteria, including near-zero impact on data speeds and bandwidth, and encryption of data moving at speeds of up to 10 Gbps with little or no impact on network performance. These certified solutions are used to protect data in motion for government and military organizations, as well as financial and other commercial enterprises. Proven reliability, high throughput, and low latency make network encryption security devices the ideal solution for protecting data in flight including time-sensitive voice and video streams.

==========

https://cpl.thalesgroup.com/about-us/newsroom/quantum-resistant-network-encryption-solution




Senetas and Thales launch the world’s first quantum resistant network encryption solution
May 5, 2021

Thales and Senetas have collaborated to launch the world’s first quantum resistant network encryption solution, capable of protecting customer data (at speeds up to 100 Gbps) against future quantum attacks. Regarded as among the most significant threat to cybersecurity, quantum-computing looks set to render many of today’s security methods, such as encryption, obsolete.

With estimates that a working quantum computer outside a lab environment will be a reality within the next five to 10 years, minimum security requirement standards are being developed to protect data in a quantum world. The United States National Institute of Standards and Technology (NIST) is currently selecting finalists amongst the quantum safe encryption algorithms being developed. In anticipation of this, the collaboration between Thales and Senetas supports the current finalists (including Thales’ Falcon algorithm), enabling an easy transition to the winning formula expected to be chosen by NIST in 2022. The solution also supports the latest European Telecommunication Standards Institute standards for how quantum keys are created, protected and distributed – an important and emerging security capability that has application usage in 5G networks.

Future protection

Enabling customers to combine both conventional and quantum resistant encryption in a single network security platform, the solution also provides long-term data protection in a quantum world. Hackers harvesting encrypted data today, will come unstuck when attempting to break data with supercomputing power in the future. The adoption of the new standards will protect any critical data and continue to render the data useless without the correct key.

“As quantum computing becomes a reality, organisations around the world should develop a quantum security strategy and start planning to implement quantum resistant encryption sooner rather than later. This is the first to market high-speed network encryption platform that provides quantum resistant encryption with today’s encryption technology. Our government, defense and business customers can make a secure transition to a future quantum-safe world knowing data is protected for the long-term,” said Andrew Wilson, Senetas CEO.

“It’s vital that businesses understand that all of today’s encryption standards are not fit for a quantum world. Hackers know quantum is coming and are actively working to steal data now so they can access it in the future, and large and multi-national organisations are most at risk due to compliance and privacy mandates. Businesses can’t afford to wait, the time is now to review their security quantum strategy,” said Todd Moore, Vice President, Encryption Solutions at Thales.
==========

[Jayke]

Are there any other blockchains that are even attempting to be ‘post-quantum’ ready at this point? Algorand has, by far, the best ‘product-market fit’ for what the global mega-corps are looking to create. Making it the lowest risk investment out of the pack imo. I’m sure there’ll be others that haven’t become overly popular yet and would make a solid opportunity to diversify into. What’s this new Senetas layer 2 solution Thales have recently partnered with, might have to look into this a bit deeper.

==========

https://cpl.thalesgroup.com/about-us/newsroom/quantum-resistant-network-encryption-solution




Senetas and Thales launch the world’s first quantum resistant network encryption solution
May 5, 2021

Thales and Senetas have collaborated to launch the world’s first quantum resistant network encryption solution, capable of protecting customer data (at speeds up to 100 Gbps) against future quantum attacks. Regarded as among the most significant threat to cybersecurity, quantum-computing looks set to render many of today’s security methods, such as encryption, obsolete.

With estimates that a working quantum computer outside a lab environment will be a reality within the next five to 10 years, minimum security requirement standards are being developed to protect data in a quantum world. The United States National Institute of Standards and Technology (NIST) is currently selecting finalists amongst the quantum safe encryption algorithms being developed. In anticipation of this, the collaboration between Thales and Senetas supports the current finalists (including Thales’ Falcon algorithm), enabling an easy transition to the winning formula expected to be chosen by NIST in 2022. The solution also supports the latest European Telecommunication Standards Institute standards for how quantum keys are created, protected and distributed – an important and emerging security capability that has application usage in 5G networks.
==========

Boom! Didn’t take much digging. Thales own Falcon Algorithm, created in joint collaboration with Algorand:


https://pqshield.com/falcon-a-post-quantum-signature-scheme/




Falcon – A Post-Quantum Signature Scheme
Topic: Comment, Events, News
This blog note is an introduction to Falcon, our post-quantum signature scheme. Falcon is a joint work between researchers from PQShield, Algorand, Brown University, IBM, NCC Group, Qualcomm, Thales and Université Rennes I. It is one of the few remaining candidates to NIST’s standardization process, and as such it targets both high efficiency and long-term security. In this note, I will present the key ideas underlying Falcon and explain how they all fit together.

[Jayke]

Coinbase trending on Twitter today as they announce they’ll be opening an NFT marketplace on their website:

https://mobile.twitter.com/CoinDesk/status/1447970427037491201
1447970427037491201

[Ernie Nemeth]

Was talking to a friend who tried to buy crypto. I think it was xyz or something like that. He said somehow he managed to loose the address when he copied and pasted it into his wallet. But the copy/paste was of another link and so was invalid.

He says he lost $10,000!

I cannot believe it is that easy to loose money on crypto by entering a wrong address.

Does any of this sound likely?

[Jayke]

Was talking to a friend who tried to buy crypto. I think it was xyz or something like that. He said somehow he managed to loose the address when he copied and pasted it into his wallet. But the copy/paste was of another link and so was invalid.

He says he lost $10,000!

I cannot believe it is that easy to loose money on crypto by entering a wrong address.

Does any of this sound likely?

Depends on the network. I did a transaction on Stellar Lumen (XLM) network from Wirex to my Exodus wallet when I first started this thread. Only 2 small payments of £20 and £50. Where I entered the address for a different network by mistake. Thought the money was lost completely until 4 months later when the transaction was randomly debited back into my Wirex wallet as a failed transaction after being held in limbo for so long.

But yeah you have to be extra careful of making sure the addresses are right. Would be the same in real life if you put $10,000 cash in a shoebox and mailed it to a random address. Would be very lucky if you ever got that back again.

[Ernie Nemeth]

There are many sites that do not give the person a 'make sure everything is in order' summary page before taking your money.

On the other hand there are sites that ask redundantly 'are you sure?', to give the customer time to verify all information.

That is why I was wondering. Some sites can barely wait for the opportunity to take your money, and give no chance to a 'change my mind' type of scenario.

The other thing I cannot understand is the 'mining' of crypto. What? A lot of people loose their money that others then go and find? Where is all this unclaimed circulating virtual coins coming from? Whose money is it that they mine?

It is these questions that make me wonder just how safe is crypto really?

Will my buddy get his $10,000 back some time in the future, or will some miner find it first?

[Mypos]

There are many sites that do not give the person a 'make sure everything is in order' summary page before taking your money.

On the other hand there are sites that ask redundantly 'are you sure?', to give the customer time to verify all information.

That is why I was wondering. Some sites can barely wait for the opportunity to take your money, and give no chance to a 'change my mind' type of scenario.

The other thing I cannot understand is the 'mining' of crypto. What? A lot of people loose their money that others then go and find? Where is all this unclaimed circulating virtual coins coming from? Whose money is it that they mine?

It is these questions that make me wonder just how safe is crypto really?

Will my buddy get his $10,000 back some time in the future, or will some miner find it first?

IMO Crypto is absolutely not safe. You can see Crypto world at the moment as the Wild West. Your life (money) isnt worth much because you can be shot down at any moment by bandits. But! You can also find a gold mine if you do your research. So its for people who are comfortable taking big risks.

I myself never gave a crap about money in my life. Untill a few years ago because i have big dreams of buying a farm and healing the soil and create a little paradise on earth. Thats why i got into crypto. Im taking big risks because i really want my dream to come true.

[Jayke]

There are many sites that do not give the person a 'make sure everything is in order' summary page before taking your money.

On the other hand there are sites that ask redundantly 'are you sure?', to give the customer time to verify all information.

That is why I was wondering. Some sites can barely wait for the opportunity to take your money, and give no chance to a 'change my mind' type of scenario.

The other thing I cannot understand is the 'mining' of crypto. What? A lot of people loose their money that others then go and find? Where is all this unclaimed circulating virtual coins coming from? Whose money is it that they mine?

Puts a new spin on Warren Buffets phrase “the stock market is a device for transferring money from the impatient to the patient”.

Crypto mining = “the crypto market is a device for transferring money from the careless to the careful” :ROFL:

But no, put simply, mining is just the process of using your computers processing power to write new transactions in a blockchains decentralised ledger. The more transactions you’re eligible to process for the network, the more you get rewarded for your time and energy spent processing those transactions. Doesn’t have anything to do with finding lost transactions people have dropped down the back of a ledger. :sherlock:


It is these questions that make me wonder just how safe is crypto really?

Will my buddy get his $10,000 back some time in the future, or will some miner find it first?

How safe is modern banking in general? Especially now most banks are closing their brick and mortar stores and going more heavily down the digital route.

We’d have to know more about your buddy’s specific situation, what website he used, what network on the website etc. navigating the world of crypto is definitely full of expensive mistakes and lessons to be learned. Although I’m sure losing that much would be enough to put him off for good. :(:raining:

[Ernie Nemeth]

Maybe my buddy has money he needs to clean?...because he sure did not seem too worried about the loss.

[Elainie]

Was talking to a friend who tried to buy crypto. I think it was xyz or something like that. He said somehow he managed to loose the address when he copied and pasted it into his wallet. But the copy/paste was of another link and so was invalid.

He says he lost $10,000!

I cannot believe it is that easy to loose money on crypto by entering a wrong address.

Does any of this sound likely?


Yes, I lost tons of crypto because my phone broke and one password was off.........

[Mypos]

https://twitter.com/AltyChatBot/status/1447967618166579200?s=20

[Jayke]

Yieldly's Opulous staking pool is now live. Stake Opul for more Opul.

Lee Parsons (Opulous CEO) did a recent interview with Layah Heilpern discussing how he got into the blockchain space and ended up founding Opulous. Probably one of the most laid back and grounded CEO's of any company, ever. :star:

c3THVVjTc9g

https://mobile.twitter.com/YieldlyFinance/status/1448174285554548740
1448174285554548740
~~~~~~~~~~~

On a side note, I've been playing around on Tinyman looking for potential lottery tickets to spend some of my Algo staking rewards on. There's a couple that look interesting purely from a tokenomics perspective.

The first is AlgoFam token ($Fame) (https://algoexplorer.io/asset/142838028) run by Bilal on Twitter. Not much of a use case for this other than it being a community coin. What makes it significant however is its 10,000 total supply. Total gamble but if the Algorand community takes off in a big way could be worth having just 1 in the portfolio.

https://mobile.twitter.com/bilalgorand/status/1447840136365019136
1447840136365019136
~~~~~~~~~~

Another one to watch is Headline (HDL) (https://algoexplorer.io/asset/137594422), this one has more utility than $Fame, and a total supply of 25,000,000. This is from the developers who brought out AlgoPay, and are now bringing out Forum, a new decentralised Forum platform on Algorand. Could be worth getting in early on this one because it looks like these guys are really going places and adding a lot of value to the community.

https://mobile.twitter.com/headline_crypto/status/1448018564447887364
1448018564447887364
The full interview with Aaron Martinez from Headline:
r1Q9KdyiPb0

[gs_powered]

As I'm seing the Algo currency dropping every day, I was hoping to buy it as low as possible :)

Is there a specific near date when it will no longer pay off to buy the Algos in order to convert them to Yeldly?

Well, finally bought my 1st crypto, used Kraken to buy around 50 Algo. Was about to send them to my wallet in order to use them on Yieldly but apparently one has to wait 72h after first deposit... :doh:

[Jayke]

As I'm seing the Algo currency dropping every day, I was hoping to buy it as low as possible :)

Is there a specific near date when it will no longer pay off to buy the Algos in order to convert them to Yeldly?

Well, finally bought my 1st crypto, used Kraken to buy around 50 Algo. Was about to send them to my wallet in order to use them on Yieldly but apparently one has to wait 72h after first deposit... :doh:

Yup, I’ve just had the exact same problem on Kucoin trying to withdraw my OPUL out of the Kucoin staking pool to put into the Yieldly staking pool. There’s a 3 day lockup redemption period apparantly, where the funds are frozen. Going to miss out on that 72% APY Yieldly are currently offering, will probably be half that by time I get the OPUL out. All Algo community needs now is a good fiat on-and-off ramp and we’ll never have to bother with the scammy centralised exchanges again. Roll on Algofi (https://www.algofi.org), I know they’ve got a fiat on-and-off ramp in production.

[canadianborn]

Hey Jayke (and anyone else!). Have you started to consider you exit (partial or otherwise) from the current market cycle once strong enough indications are in that the peak has been reached? I've been putting some thought into it myself lately but would appreciate to your know your thoughts, e.g. converting some back to fiat to buy back at the bottom or just "HODL" through the storm :happythumbsup:

[ThePythonicCow]

Hey Jayke (and anyone else!). Have you started to consider you exit (partial or otherwise) from the current market cycle once strong enough indications are in that the peak has been reached?
In my experience, both in the dot.com boom of the 1990's, and the crypto markets of recent years ... I do not make major buy/sell decisions in one such market in isolation.

Rather, I manage all my assets, debts, resources, ... and rebalance across them, as my circumstances and sense of potentials and vulnerabilities changes.

Basically, when I have more to invest, I'll put it where it seems to have the most potential, such as in an asset class that seems to be in a low spot of a longer term up trend, and when I need resources elsewhere, I'll take it out of class that feels "hotter than a two dollar pistol" (a shorter term high) and put it to use where else I need it.

My sense of a roller coaster market like dot.com stocks (then) and cryptos (more recently) is getting pretty good at noticing when the market seems over heated. I don't move all in or out (unless my other needs and assets are large), but rather I'll "skim some cream off the top" of the hot market when I have better use for that.

The above works whether my total "net worth" is large or small at the time.

So for example, when Bitcoin was nearly $60,000 early in 2021, I skimmed some off to put in some "prepper" supplies.

[Jayke]

Hey Jayke (and anyone else!). Have you started to consider you exit (partial or otherwise) from the current market cycle once strong enough indications are in that the peak has been reached? I've been putting some thought into it myself lately but would appreciate to your know your thoughts, e.g. converting some back to fiat to buy back at the bottom or just "HODL" through the storm :happythumbsup:

I don't intend on selling much this year. I've got a portion of Hbar sat in my binance account incase it does go parabolic end of year. I've got no real intention of selling it unless it hits my first take profit zone of $2.4 this bull run.

And I've got around 3000 Algo that I bought with a 0% interest credit card when Algo dipped to $0.67 earlier this year. Which I bought fully with the intention of either buying any new Algo ecosystem tokens that launch later this year, say if AlgoDex launches their DAO token for instance, or just for taking profit.

I only really need to sell enough crypto to pay off that debt though, most of my holdings are in DeFi coins that are earning passive APY, so, I'd rather just let the majority of it ride for as long as possible. Even if Yieldly only gets to $0.20, I'll be making enough in the daily staking rewards to comfortably live on, without ever dipping into my capital allocation, so I'm not in any rush to get rich quick. It's more of a marathon than a sprint for me. I can comfortably wait till the 2024 bull run or even till the last Algo are distributed in 2030 before considering to sell any major portion of any of my bags.

I might only really sell 1000-2000 Algo around christmas time, pay off the credit card and keep whatevers left over in USDC in MyAlgo wallet for buying the next bear market lows. Hopefully there'll be a FIAT off-ramp in the Algorand ecosystem by then, with either AlgoFi or AlgoPay providing the service. If not, I'll just send 1000-2000 to my Coinbase Pro account and hope they don't freeze my funds while I'm converting it back into cash.:ROFL:

[Jayke]

Might be worth buying more Quant and Avalanche again. They’ve just announced their partnership with ‘the British Pound Foundation’.

https://mobile.twitter.com/gverdian/status/1448580002811990017
1448580002811990017

~~~~~~~~~~~~

New features soon to drop on Algorand. Is your public key too long to remember? Buy yourself a .algo address to have a public key of your choice. It’s little features like this that’ll help streamline adoption for the mainstream. Make it just as simple as using a PayPal email address for transferring funds.

https://mobile.twitter.com/TxnLab/status/1448405306581659648
1448405306581659648

[Jayke]

If anyones interested in the decentralised FORUM project Headline are bringing out. Minimum staking requirement for the HDL token to gain access is 1000. They also mention in this Twitter thread that HDL will be the token for the AlgoPay project, which has potential to be pretty huge.

https://mobile.twitter.com/headline_crypto/status/1448674815322304516
1448674815322304516

https://mobile.twitter.com/headline_crypto/status/1448675213831512071
1448675213831512071

[mountain_jim]

Hey Jayke (and anyone else!). Have you started to consider you exit (partial or otherwise) from the current market cycle once strong enough indications are in that the peak has been reached?
In my experience, both in the dot.com boom of the 1990's, and the crypto markets of recent years ... I do not make major buy/sell decisions in one such market in isolation.

....

My sense of a roller coaster market like dot.com stocks (then) and cryptos (more recently) is getting pretty good at noticing when the market seems over heated. I don't move all in or out (unless my other needs and assets are large), but rather I'll "skim some cream off the top" of the hot market when I have better use for that.

The above works whether my total "net worth" is large or small at the time.

So for example, when Bitcoin was nearly $60,000 early in 2021, I skimmed some off to put in some "prepper" supplies.

Again overheated per your notice? BTC back over $61k at moment.

I did not sell any before, grumbled ever since, but now that we are back here I still don't want to sell any BTC.

I treat it like my Gold and Silver as I wait for the expected Dollar Demolition and cycle peak.....

Just HODLing.....

Ideally I would like to wait until the new year to defer taxes on a big gain another year, but on other hand IF the prevailing sentiment is that the peak of this cycle has been reached then I will sell some/most sooner.

[gord]

I've been periodically converting very small quantities of btc to dai and usdc since btc hit about 44k not long ago, and really haven't made a dent in the btc I started with. It's nice to have some stablecoin around that I don't even think about. When or if it goes back down, I'll do the same in reverse.

[TargeT]

for those that know:

Tether is being used to pump BTC, BTC will be dumped for fiat... genius pump and dump play that will happen over the next week or two .

tread carefully in crypto ATM... it's being heavily leveraged by large institutions & may prove to not be as good as a safe haven as people assume (in the short term).

[mountain_jim]

for those that know:

Tether is being used to pump BTC, BTC will be dumped for fiat... genius pump and dump play that will happen over the next week or two .

tread carefully in crypto ATM... it's being heavily leveraged by large institutions & may prove to not be as good as a safe haven as people assume (in the short term).

tether related today

https://www.zerohedge.com/crypto/cftc-fines-bitfinex-tether-43mm-misleading-claims-about-reserves



CFTC Fines Bitfinex, Tether $43MM For "Misleading" Claims About Reserves

[ThePythonicCow]

Again overheated per your notice? BTC back over $61k at moment.
I am not sensing that it is over heated as I type this.

But:

I reserve the right to change my mind, without notice, at any time.
If you're relying even slightly on my "investment" advice ... well ... you have my condolences.

:bigsmile:

[TargeT]

for those that know:

Tether is being used to pump BTC, BTC will be dumped for fiat... genius pump and dump play that will happen over the next week or two .

tread carefully in crypto ATM... it's being heavily leveraged by large institutions & may prove to not be as good as a safe haven as people assume (in the short term).

tether related today

https://www.zerohedge.com/crypto/cftc-fines-bitfinex-tether-43mm-misleading-claims-about-reserves



CFTC Fines Bitfinex, Tether $43MM For "Misleading" Claims About Reserves


yeah,,, be very very wary.

Tether is a ponzi scheme to pump BTC. tether has a capitalization value of $ 69 billion, but for this to be a stablecoin it has to be backed by a large amount of dollars. But of those $ 69 billion, only 3.5% are dollars and half are commercial papers,most of which come from China. So imagine when China collapses and tether does not get his money back, they already denied that they were from Evergrande but there is no one who believes it.

-whuXHSL1Pg

[ThePythonicCow]

BTC will be dumped for fiat... genius pump and dump play that will happen over the next week or two .
How do you come to know this? Is it primarily because of such information as is presented in the "Coffeezilla" video you posted?

P.S. -- It would not surprise me greatly if Tether blew up, but I don't so how this would effect those who have longer term, larger investments, in Bitcoin and the major decentralized finance (DeFi) digital currencies. Those who would be devastated by a Tether crash are probably newer, smaller crypto investors, and in the shorter term, that would likely cause other crypto currencies to go down, until the bigger players re-engaged.

A major exchange (e.g. Binance) going down, like Mt Gox did, would be a big hit too, in the shorter term.

Either one, a stable currency, and/or a major exchange, going down would be an "excellent opportunity" for China to squeeze out some yuan, and the U.S. to motivate some more regulation, so neither can't be ruled out.

Keep your crypto in a private wallet to which you hold the private keys, and treat Tether with considerable caution.

But ... I don't see why this is a BTC pump and dump, at least not primarily. Rather this feels to me like the dot.com boom in the 1990's ... destined to dominate the biggest stocks one or two decades later, after most dot.com stocks disappeared and the eventual winners crashed pretty hard before their current rise.

[Jayke]

I looked into the Tether FUD after the market crash in May. Tether has a circulating supply of $68 billion. Bitcoin a market cap right now of $1.1trillion. Even if Tether collapsed overnight Bitcoin would still be at $1.032 trillion.:sun: Hardly much of a dent. Unlikely to collapse the entire market.

My suggestion then, as now, is just to use USDC instead of USDT whenever the option is available.

Tom Luongo had a pretty epic rant around the current geopolitical climate in China recently.

Wo2I0BF8dwE

[ThePythonicCow]

It would not surprise me greatly if Tether blew up
As further support of this possibility, that some "stable coin" (such as Tether), will blow up soon, listen to the following report, from former Boston Fed President Eric Rosengren, who seems determined to regulate stable coins.

In my cynical view, the way that the regulators get to regulate something is to first blow it up, so people "demand" more regulation. Hence ... I would beware of stable coins, such as Tether, and if Tether is entangled with Binance, then of Binance too. I've little doubt that the Fed would like crypto exchanges to be increasingly regulated too.

Skip to the 5:49 mark to listen to the overview of Rosengren's comments on crypto:

B67RQ_FuKj0

[Antagenet]

@gamblingapes going to get their casino license in a week or two. Last chance to get in now before it moons.
7777 owners share the profits of two online casinos.
I held different cryptos since BTC was 4 dollars...
but this.. NFT projects are a THRILL!!!!

[Jayke]

Aaron Martinez from Headline (HDL), after building AlgoPay in one weekend, he’s now just built the first ‘Open Authenticator’ on Algorand in less than 4 days. These guys move fast, they’ll have the first BETA trials of their decentraliased FORUM project ready by next week. I’m really curious to see how this project plays out. Been playing around with my HDL tokens with DeFi on TinyMan as well. With 2000 HDL and 160 Algo added as liquidity, I’m currently earning 1.7% of all the trading fees. It accumulated $84 in trading fees yesterday so making roughly $1 a day as a liquidity provider :Party:

https://mobile.twitter.com/headline_crypto/status/1449457163877949440
1449457163877949440

https://mobile.twitter.com/headline_crypto/status/1449760044904505349
1449760044904505349
~~~~~~~

Tom Luongo mentions the recent Bitcoin ETF, at 15 minutes in, says the ETF will be used to keep the Bitcoin price suppressed.

1Jx02Inm4lA

[Jayke]

Oh man, love this about the Algorand community. They’ve coined it the #ASA Alliance on Twitter, where the different Dapp developers collaborate together to build a strong Algorand community as a whole rather than just try and compete with other. This next alliance between AlgoMint (https://www.algomint.io) and Authentium (https://authentium.io) has massive potential for the commodities market.

https://mobile.twitter.com/Algomint_io/status/1449867226803163140
1449867226803163140

Farmers will be able to mint their produce as assets directly onto the blockchain and then sell that produce directly to their customers via the Authentium commodities decentralised marketplace. Farmers get complete autonomy for their livelihood while cutting out the money grabbing middlemen.


https://authentium.io


What is Authentium?
Since late 2017, Authentium is a pioneering open-source community with a shared vision to design and build an ecosystem of DAO-like Decentralised Autonomous Supply Chain Organisations (DASCO’s) that remove powerful centralised authorities from global food supply chains.

Our vision is to liberate primary producers from these centralised exploitive supply chains. We think it’s time we help to create a new world of trusted peer-to-peer food supply chains by building an ecosystem that incentivises their transformation.

What are we trying to achieve?

We believe supply chains are broken. Buyers simply don't trust them. They are highly inefficient, lack transparency and provenance traceability and are controlled by powerful centralised intermediaries. Their time is up. Struggling primary producers and farmers are controlled by these supply chain cartels who take their profits and withhold valuable provenance data and have no interest in sharing this data with the world. We want to change this for good.

An Authentium future is one that is caring, fair, open, transparent and ultimately restores the market inequities and power back to where it belongs….the hard working people in the farming and primary production industry who feed the world. Our sole mission is to help them to generate more profits so they can re-generate their soils properly and ultimately deliver real globally sustainable farming practises.

Interview with Bilal, one of the Authentium team members, on his other project, the Algo Fame token.

c52VuhVIc1k

[ZenBaller]

Hey Jayke, I'm far from a technical expert about Algo. Since you are an avid supporter of it, I'd like to ask you a couple of question in case you know.

I've read that Algo has a really long term plan because of the potential parternerships with CBDCs and for that reason the developers maintain their price at a low level on purpose. Every time there is a demand and the price increases, they sell part of their Algo so they can restrain and control it. Is that true? I don't find it necessarily bad, but it's definitely interesting.

Secondly, what's your view about those parternships with governments? Doesn't it feel like cooperating with the "devil"?

[Jayke]

Hey Jayke, I'm far from a technical expert about Algo. Since you are an avid supporter of it, I'd like to ask you a couple of question in case you know.

I've read that Algo has a really long term plan because of the potential parternerships with CBDCs and for that reason the developers maintain their price at a low level on purpose. Every time there is a demand and the price increases, they sell part of their Algo so they can restrain and control it. Is that true? I don't find it necessarily bad, but it's definitely interesting.

Secondly, what's your view about those parternships with governments? Doesn't it feel like cooperating with the "devil"?

The price suppression was known as ‘the accelerated vesting program’, it was a rewards scheme for the early node runners. I loved it because it made it predictable for trading, every time it pumped you knew it would dump again soon afterwards, meaning i managed to accumulate way more Algo than I thought I’d be able to when I started this thread.

The accelerated vesting program actually ended a couple weeks ago (https://algorand.foundation/news/accelerated-vesting-complete), all the rewards were distributed 4 years early, just in time for the new decentralised governance model to start. So, now Algo has switched from artificial price suppression to artificial price appreciation as almost 2 billion Algo, a third of its circulating supply has been locked away in governance staking for 3 months. We should see some real price discovery on its next wave upwards.

The Algorand protocol itself is just a protocol. It’s an open network so anyone can run a node and build a dapp on it. Governments may be interested in using it for their Covid passports but there’s also a lot of great projects that are liberating for the creators economy and doing amazing things for the social good. Algorand has the most potential for creating a Star Trek type society imo, even if that does mean certain segments of government might try and abuse the technology for their dystopian tyrannies. We’ll just have to do our best to build around whatever agendas those entities might try and create.

[ZenBaller]

The price suppression was known as ‘the accelerated vesting program’, it was a rewards scheme for the early node runners. I loved it because it made it predictable for trading, every time it pumped you knew it would dump again soon afterwards, meaning i managed to accumulate way more Algo than I thought I’d be able to when I started this thread.

The accelerated vesting program actually ended a couple weeks ago (https://algorand.foundation/news/accelerated-vesting-complete), all the rewards were distributed 4 years early, just in time for the new decentralised governance model to start. So, now Algo has switched from artificial price suppression to artificial price appreciation as almost 2 billion Algo, a third of its circulating supply has been locked away in governance staking for 3 months. We should see some real price discovery on its next wave upwards.

The Algorand protocol itself is just a protocol. It’s an open network so anyone can run a node and build a dapp on it. Governments may be interested in using it for their Covid passports but there’s also a lot of great projects that are liberating for the creators economy and doing amazing things for the social good. Algorand has the most potential for creating a Star Trek type society imo, even if that does mean certain segments of government might try and abuse the technology for their dystopian tyrannies. We’ll just have to do our best to build around whatever agendas those entities might try and create.

Great information! Thank you. I've been researching this past year, talking to several knowledgeable people, trying to find solid projects. I recently invested in Algo, a few weeks ago.

As the world will start collapsing financially the next few (months?) years, I can see Algo steadily announcing and creating those partnerships with CBCDs. Probably during the incoming bear market as well. Those few good projects will blow up after the next bitcoin halving.

Keep posting and informing us if you have the time. Great thread overall!

[ThePythonicCow]

Guy of the Coin Bureau (:https://www.youtube.com/channel/UCqK_GSMbpiV8spgD3ZGloSw") Youtube channel has a long (for him) 35 minute review of a detailed crypto currency report just issued by the Bank of America:

rxc69iMzOxo

It is a rather comprehensive report, and rather more sensible than I might have expected from a major institution.

The written report was 170 pages long, and Guy's video has the following sections and timestatmps:

- TIMESTAMPS -

0:00 Intro (https://www.youtube.com/watch?v=rxc69iMzOxo&t=0s)
1:24 About The Report (https://www.youtube.com/watch?v=rxc69iMzOxo&t=84s)
3:09 Report Overview (https://www.youtube.com/watch?v=rxc69iMzOxo&t=189s)
6:41 Crypto Explained (https://www.youtube.com/watch?v=rxc69iMzOxo&t=401s)
8:54 Crypto Analysis (https://www.youtube.com/watch?v=rxc69iMzOxo&t=534s)
11:43 Crypto FAQs (https://www.youtube.com/watch?v=rxc69iMzOxo&t=703s)
14:26 Bitcoin Inflation Hedge (https://www.youtube.com/watch?v=rxc69iMzOxo&t=866s)
16:02 Crypto Trading Stats (https://www.youtube.com/watch?v=rxc69iMzOxo&t=962s)
19:49 Valuing Bitcoin (https://www.youtube.com/watch?v=rxc69iMzOxo&t=1189s)
22:02 Altcoin Analysis (https://www.youtube.com/watch?v=rxc69iMzOxo&t=1322s)
24:40 CBDCs (https://www.youtube.com/watch?v=rxc69iMzOxo&t=1480s)
27:06 NFTs (https://www.youtube.com/watch?v=rxc69iMzOxo&t=1626s)
28:34 DeFi (https://www.youtube.com/watch?v=rxc69iMzOxo&t=1714s)
30:17 Appendices (https://www.youtube.com/watch?v=rxc69iMzOxo&t=1817s)
33:44 Outro (https://www.youtube.com/watch?v=rxc69iMzOxo&t=2024s)

[gord]

And here's the report: https://incrypted.net/wp-content/uploads/2021/10/Digital-Assets-Primer.pdf

https://incrypted.net/wp-content/uploads/2021/10/Digital-Assets-Primer.pdf

[iota]

ok ... guys ... so you all know i'm a BEYOND a "newbie" when it comes to Crypto!!

and earlier i posted how i got "caught up" when COIN was launched and felt "safer" with a related product because apparently i have NO brain power to figure the nuances of "mining" and fees and just really feel way over my head in that arena!!

sooooo .. i fell for the opening and bought in at something ridiculous like close to $400

well, additional purchases reduced it to an average price per share of $285!

and NOW ... after 188 DAYS of "holding"?

i'm finally at a profit!!!!! because it closed today at $305.63

i was stubbornly refusing to take a loss and was biding my time to break even and continue with some others that have proven solid for me because of price i bought in at like TSLA that i NEVER buy above $600 and so THAT's going nicely! and new one i "eyed" and KNEW would go higher quickly like AXTI when i saw it at $7.50!

and i'm completely terrible at all of this, because i'm operating it the same way i do ALL of life, intuitively

when really, i should be using my brain and logic!!

so .. i defer to the better judgment of the members here, i suffered for 188 days to realize a profit with COIN!

do i take it and run now? (as i had planned)

or am i about to pull out after SOOOO long when its about to hit an unprecedented high??

;)

or am i wrong to see an inherent connection between COIN and the rise or fall of BITCOIN?

all perspectives appreciated!

:cash::cash::cash:

and PS

HIYA everyone! hope everyone is doing well! and prospering!

:flower:

[Jayke]

ok ... guys ... so you all know i'm a BEYOND a "newbie" when it comes to Crypto!!

and earlier i posted how i got "caught up" when COIN was launched and felt "safer" with a related product because apparently i have NO brain power to figure the nuances of "mining" and fees and just really feel way over my head in that arena!!

sooooo .. i fell for the opening and bought in at something ridiculous like close to $400

well, additional purchases reduced it to an average price per share of $285!

and NOW ... after 188 DAYS of "holding"?

i'm finally at a profit!!!!! because it closed today at $305.63

i was stubbornly refusing to take a loss and was biding my time to break even and continue with some others that have proven solid for me because of price i bought in at like TSLA that i NEVER buy above $600 and so THAT's going nicely! and new one i "eyed" and KNEW would go higher quickly like AXTI when i saw it at $7.50!

and i'm completely terrible at all of this, because i'm operating it the same way i do ALL of life, intuitively

when really, i should be using my brain and logic!!

so .. i defer to the better judgment of the members here, i suffered for 188 days to realize a profit with COIN!

do i take it and run now? (as i had planned)

or am i about to pull out after SOOOO long when its about to hit an unprecedented high??

;)

or am i wrong to see an inherent connection between COIN and the rise or fall of BITCOIN?

all perspectives appreciated!

:cash::cash::cash:

and PS

HIYA everyone! hope everyone is doing well! and prospering!

:flower:

Looks like Coin started moving a few days after Bitcoin began its climb in price at the start of October. I guess everything hinges on whether Bitcoin breaks through to a new all time high or whether the Bitcoin futures ETF will be used now to suppress the price, forming a double top where it is now.

Looking at the Coin chart, I can see a nice cup and handle pattern shaping up, which might look something like this. With a retest of the trend line it just exploded past, forming the handle of the cup before heading up to a technical breakout price of around $400.

https://i.imgur.com/P4kLraX.png

It could quite easily hit $400 if we do see bitcoin at $100k and a subsequent alt-coin season as The Birb nest has predicted:

https://twitter.com/TheBirbNest/status/1450357053923512324
1450357053923512324
The recent rise in Coin can also be attributed to the news it’ll be opening an NFT marketplace (https://www.nftobserver.com/coinbase-to-launch-nft-marketplace/), which could bring in billions more in revenue for the company. Especially if they include tokenised assets as part of their marketplace and not just jpeg images, which would be pretty groundbreaking. I’m not selling anything yet, I’ll be taking profit just before Christmas, which is usually when Bitcoin has peaked in previous cycles.

https://i.imgur.com/mbC0CCi.jpg

https://pbs.twimg.com/media/FBnaHL2UUAcv0UT?format=jpg&name=large

[iota]

you're the best Jayke!! missed you and thank you so much my friend!

:flower:

PS new announcement came out today, G7 to Launch of CBDC
Central Bank Digital Currencies, pretty sure it will have an impact on all current crypto just not sure how or how soon

see post here (https://projectavalon.net/forum4/showthread.php?113363-BREAKING-NEWS-Continuously-Updated&p=1458496&viewfull=1#post1458496)

[apokalypse]

what u guys think of BSV? seems negative and unknown..

[Kirstenwilliamson23]

As of yet, I think Polkadot is on the positive side. This cryptocurrency (https://learncrypto.com/knowledge-base/how-to-use-crypto/how-you-buy-crypto-1) is a one-of-a-kind proof-of-stake coin that aims to provide interoperability across different blockchains. Its protocol connects permissioned and permissionless blockchains, as well as oracles, allowing systems to collaborate under one roof.

[Jayke]

Damn! Did anyone buy any Headline (HDL) tokens when I mentioned them last week. The price has done a quick 100% overnight as a new Venture Capital firm announces they’ll be the first project in their portfolio on the Algorand ecosystem. From $0.14 to $0.32 on TinyMan right now. They’ve also just released their AlgoPay 2.0 and the Beta trials for their FORUM project started recently. Looks pretty sleek.

https://mobile.twitter.com/headline_crypto/status/1452727919671971840
1452727919671971840

https://mobile.twitter.com/headline_crypto/status/1452827962055827458
1452827962055827458

https://mobile.twitter.com/headline_crypto/status/1452346297558741003
1452346297558741003

[Jayke]

No wonder the Opulous price has been climbing lately. Big announcement released today. Opulous will be going mainstream in record time with partnerships like this getting onboarded:

https://mobile.twitter.com/CryptoKuiil/status/1453007573012058115
1453007573012058115

[Jayke]

A recoop interview with Aaron Martinez, from Headline (HDL), possibly one of the coolest and most productive guys in the crypto space.
gVjhHLU0MwY
They’re almost ready to go live with their AlgoCloud product, which will be a one stop portal that connects all your DeFi investments across the Algo ecosystem into one window.

https://mobile.twitter.com/ussaaron_/status/1454961793831473152
1454961793831473152
I signed up to the email list on their website to be a Beta tester for their new decentralised FORUM platform as well:

https://mobile.twitter.com/headline_crypto/status/1454863980233637892
1454863980233637892
To test the waters I published a short post on the platform (https://forum.ax/stevejk_480/algorand-working-with-thales-on-post-quantum-cryptography-2d3p) with content previously posted on this thread. Seems like a great blend of traditional forum style interaction like we have here on Avalon mixed with the best elements of social media.

Not sure if it’ll be a permanent feature or just for the beta testers, but you have to learn some really basic coding to format the posts properly, something called Markdown (https://github.com/adam-p/markdown-here/wiki/Markdown-Here-Cheatsheet), small learning curve to it but seems great so far.

[rgray222]

Jayke, (or anyone else) I am wondering if you would share some of the details on how you plan to invest or take profits from the crypto market between now and the end of the year. You have mentioned several times that you plan to take some profits before Jan 1, 2022. This has been my plan all along I am just not sure what percentage I should liquidate and what percent I want to hold onto. My primary investments have done exceptionally well, Polygon, Cardano, Algorand and Ether. I own other cryptos (Fantom, Siacoin,Solana, Hbar, Loopring, One, IoTeX and a few others) but not in the same quantities as my primary investments.

No worries, I am not planning to live and die by any advice I get from anyone I am just looking for some perspective that will help me determine how much I will eventually sell. Of course this is all predicated on the market staying in a bull position between now and Dec 31, 2021.
Thanks

[Jayke]

Jayke, (or anyone else) I am wondering if you would share some of the details on how you plan to invest or take profits from the crypto market between now and the end of the year. You have mentioned several times that you plan to take some profits before Jan 1, 2022. This has been my plan all along I am just not sure what percentage I should liquidate and what percent I want to hold onto. My primary investments have done exceptionally well, Polygon, Cardano, Algorand and Ether. I own other cryptos (Fantom, Siacoin,Solana, Hbar, Loopring, One, IoTeX and a few others) but not in the same quantities as my primary investments.

No worries, I am not planning to live and die by any advice I get from anyone I am just looking for some perspective that will help me determine how much I will eventually sell. Of course this is all predicated on the market staying in a bull position between now and Dec 31, 2021.
Thanks

I’m only selling if my take profit levels are reached, which will be subjective to everyone’s particular circumstances. And I’m only selling enough to pay off any credit card debt used to buy crypto earlier this year. Otherwise I’ve mostly got coins that are earning 20-50% APY so no need to sell any of the capital when the staking rewards are so good. Low risk, high reward, long timeframe for my investment strategy. :muscle:

~~~~~~~~~~~~

You know for a brief moment yesterday my 720,000 YLDY tokens were worth $3,600,000 as a fat fingered market buyer blew the roof off the price and the slippage hit $5 per coin. Just a couple days after Yieldly got listed on Coinbase wallet. Hopefully indicative of things to come for Yieldly as it continues to get listed on more exchanges.:Party:

https://pbs.twimg.com/media/FD1ZZGJWYAkDe6X?format=jpg&name=4096x4096

~~~~~~~~

NFT’s on Algorand are starting to pop as well with an Algoana selling for 111,111 Algo.

Thought I’d try flipping an NFT for fun, bought this Algo Saiyan for 90 Algo and have relisted it on AB2 gallery (https://ab2.gallery/asset/351741145) for 2000 Algo. :idea: I’m calling it ‘Djehuty Saiyan’ as it reminds me of Thoth, the Egyptian baboon god of wisdom. Not even worried if it sells as I love the ‘Algo House’ artists style and have it as my new profile pic on Twitter. Might even up the price to 10,000 Algo if the NFT craze goes wild at the peak of the bullrun.:ROFL:

https://infura-ipfs.io/ipfs/bafybeiheldblu4ohiqndo6n72wqzeriqcqqcrn7t63bjalgjdfhalugtvm

[Jayke]

New Algorand ecosystem project worth keeping an eye on. TinyChart (https://tinychart.org), which does charting for all the projects on Algorands Automated Market Maker, TinyMan (https://app.tinyman.org/#/analytics).

TinyCharts native token, $Tiny, only has 10,000,000 supply, and are currently working on a use case that has been vetted and authorised by the Algorand ecosystem development/funding team. I’m expecting this one to grow as the Algo ecosystem grows so worthwhile getting in early. I’ve just bought 500 $Tiny tokens anyway.

https://mobile.twitter.com/tinychartorg/status/1458476514715049990
1458476514715049990

Expect some big announcements at Algorands Decipher event at the end of this month. Sean Ford, the Algorand CEO has already hinted about a new CBDC project announcement, speculation suggests a new cross country stable coin for the whole of Latin America might be in the works. Scaramucci has hinted we’ll be finding out how institutions plan on utilising ‘the future of finance’ as we move into next year.
https://mobile.twitter.com/Algorand/status/1439925313887084558
1439925313887084558
Also, AlgoMint is set to go live on Mainnet November 22nd, which will see green (environmentally friendly sourced) Bitcoin being minted on Algorand. AlgoMint also facilitates the minting of traditional commodities such as gold and silver onto the blockchain. AlgoAutumn should end with an impressive bang with all the utility that’s rapidly going live on the network.
https://mobile.twitter.com/Algomint_io/status/1458922627142074372
1458922627142074372

[thalox]

Is anyone following the court case of satoshi coins going on?

I know most here will call Craig a fraud but he is actually in court to prove he holds the satoshi coins. I wonder how this is going to play out.

https://coingeek.com/satoshi-bitcoin-tokens-in-florida-litigation-now-at-all-time-high-of-over-74b/

[mountain_jim]

Thanks for that article - I was not aware - and if much of the volume of coin in question gets unloaded in a short time at some point, I could see that lowering the BTC price if/when it happens.

[seehas]

New Algorand ecosystem project worth keeping an eye on. TinyChart (https://tinychart.org), which does charting for all the projects on Algorands Automated Market Maker, TinyMan (https://app.tinyman.org/#/analytics).

TinyCharts native token, $Tiny, only has 10,000,000 supply, and are currently working on a use case that has been vetted and authorised by the Algorand ecosystem development/funding team. I’m expecting this one to grow as the Algo ecosystem grows so worthwhile getting in early. I’ve just bought 500 $Tiny tokens anyway.

https://mobile.twitter.com/tinychartorg/status/1458476514715049990
1458476514715049990

Expect some big announcements at Algorands Decipher event at the end of this month. Sean Ford, the Algorand CEO has already hinted about a new CBDC project announcement, speculation suggests a new cross country stable coin for the whole of Latin America might be in the works. Scaramucci has hinted we’ll be finding out how institutions plan on utilising ‘the future of finance’ as we move into next year.
https://mobile.twitter.com/Algorand/status/1439925313887084558
1439925313887084558
Also, AlgoMint is set to go live on Mainnet November 22nd, which will see green (environmentally friendly sourced) Bitcoin being minted on Algorand. AlgoMint also facilitates the minting of traditional commodities such as gold and silver onto the blockchain. AlgoAutumn should end with an impressive bang with all the utility that’s rapidly going live on the network.
https://mobile.twitter.com/Algomint_io/status/1458922627142074372
1458922627142074372

@Jayke , where did you buy the TinyChart Token?

i owned 3 goanna's myself sold one already one of the ones i got is a rare one, my plan is holding them for some time untill nfts on algo go to the moon ;)



another interesting NFT Project is starting tomorrow "TITAN HUNTERS", the TITA Tokens will be listed tomorrow on MEXC.

https://mobile.twitter.com/titan_hunters

[Jayke]

@Jayke , where did you buy the TinyChart Token?

i owned 3 goanna's myself sold one already one of the ones i got is a rare one, my plan is holding them for some time untill nfts on algo go to the moon ;)

another interesting NFT Project is starting tomorrow "TITAN HUNTERS", the TITA Tokens will be listed tomorrow on MEXC.

https://mobile.twitter.com/titan_hunters

TinyChart token is only being traded on TinyMan as far as I know (https://app.tinyman.org/#/swap?asset_in=0&asset_out=378382099).

I would like an Algoanna but even when they first launched they were selling for 1000 Algo each, which was well beyond my NFT and artwork budget. I did decide to relist my Algo Saiyan on AB2 gallery for 100,000 Algo though. :ROFL: I don’t even know much about the rarity ratings these NFT projects have, other than my Algo Saiyan is a 1 of 1. I do think it’s a ridiculously high price to ask but then I remember the ETH rocks that are selling for millions of dollars so crazier things can happen in crypto.

~~~~~~~~~~

Did anyone buy Opulous when it first launched? I missed out on the ICO but managed to scoop up plenty during the opening week when it hit $0.67. Opulous is now officially my first 10x return investment after it smashed through $7 today.:sun:

10x return in 7 weeks and Opulous is only just getting started.:muscle: They made an announcement earlier that they’ll match any royalties you make from their music NFT’s with a payment of equal value in Opul. After taking some profit on my Opul today I’ve got plenty to reinvest in whatever next wave of artists will be dropping soon.

https://mobile.twitter.com/opulousapp/status/1461061636731637763
1461061636731637763

[gord]

This was really quite an odd spike in algo a little more than ten hours ago. It hit about $3.50 very briefly and I managed to take advantage of it.
https://i.imgur.com/OlBCRPw.png

[seehas]

@Jayke , where did you buy the TinyChart Token?

i owned 3 goanna's myself sold one already one of the ones i got is a rare one, my plan is holding them for some time untill nfts on algo go to the moon ;)

another interesting NFT Project is starting tomorrow "TITAN HUNTERS", the TITA Tokens will be listed tomorrow on MEX

https://mobile.twitter.com/titan_hunters

TinyChart token is only being traded on TinyMan as far as I know (https://app.tinyman.org/#/swap?asset_in=0&asset_out=378382099).

I would like an Algoanna but even when they first launched they were selling for 1000 Algo each, which was well beyond my NFT and artwork budget. I did decide to relist my Algo Saiyan on AB2 gallery for 100,000 Algo though. :ROFL: I don’t even know much about the rarity ratings these NFT projects have, other than my Algo Saiyan is a 1 of 1. I do think it’s a ridiculously high price to ask but then I remember the ETH rocks that are selling for millions of dollars so crazier things can happen in crypto.

~~~~~~~~~~

Did anyone buy Opulous when it first launched? I missed out on the ICO but managed to scoop up plenty during the opening week when it hit $0.67. Opulous is now officially my first 10x return investment after it smashed through $7 today.:sun:

10x return in 7 weeks and Opulous is only just getting started.:muscle: They made an announcement earlier that they’ll match any royalties you make from their music NFT’s with a payment of equal value in Opul. After taking some profit on my Opul today I’ve got plenty to reinvest in whatever next wave of artists will be dropping soon.

https://mobile.twitter.com/opulousapp/status/1461061636731637763
1461061636731637763

only got a few hundred Opulous, jumped the Train at 1dollar and staked 50grand in yieldoy on it

i will load up some tinychart today

btw. i was able to buy my algoannas for 400each already sold one for 2k, my rare is worth arround 10k but its a keeper

[Jayke]

This was really quite an odd spike in algo a little more than ten hours ago. It hit about $3.50 very briefly and I managed to take advantage of it.

Algo got listed on a Korean exchange called Upbit, which is second only in 24 hour trading volume to Binance apparantly. (https://beincrypto.com/algorand-algo-prints-57-candle-upbit-exchange-listing/)

Some Korean millionaires buying the dip. A sign of things to come as we approach Algorands Decipher event in Miami at the end of the month.
I was asleep during the best part of the price action, managed to catch the tail end of it when I woke up first thing in the morning though, got a couple good trades in. :highfive:


only got a few hundred Opulous, jumped the Train at 1dollar and staked 50grand in yieldoy on it

i will load up some tinychart today

btw. i was able to buy my algoannas for 400each already sold one for 2k, my rare is worth arround 10k but its a keeper

The new Algogator NFT’s for Decipher look pretty cool, the AlGoanna artist worked on them. Everyone who bought a ticket for the event in Miami gets an NFT as a ticket for entry. I would’ve bought a VIP virtual ticket if I’d known.:( Guess I missed out on the Goannas again.

https://mobile.twitter.com/al_goanna/status/1461444074297122819
1461444074297122819

New NFT marketplace on testnet (https://testnet.exa.finance) that looks interesting. Will be able to trade NFT’s with any Algorand Standard Asset (YLDY, USDC, OPUL, etc.)

https://mobile.twitter.com/exafinance/status/1461375541135777794
1461375541135777794

[TargeT]

Holy crap it's a blood bath....

https://cryptorank.io/heatmaps

[Jayke]

Holy crap it's a blood bath....

https://cryptorank.io/heatmaps

This is why we Algo on this thread.:bigsmile: One of the only coins that’s up 11% amidst the sea of red.:happythumbsup:

[TargeT]

Holy crap it's a blood bath....

https://cryptorank.io/heatmaps

This is why we Algo on this thread.:bigsmile: One of the only coins that’s up 11% amidst the sea of red.:happythumbsup:

LRC....

I'll explain if you dunno.. but LRC is the only viable play I see till the market crashes.

[Jayke]

Holy crap it's a blood bath....

https://cryptorank.io/heatmaps

This is why we Algo on this thread.:bigsmile: One of the only coins that’s up 11% amidst the sea of red.:happythumbsup:

LRC....

I'll explain if you dunno.. but LRC is the only viable play I see till the market crashes.

Not heard of it, just looked it up. Loopring (https://www.coinbase.com/price/loopring)?

I'm not a fan of ERC-20 tokens. My friend had $40,000 of SAND, one of the only other crypto's that was green yesterday when everything else was red. When he came to take profit however, failed Ethereum transactions, on top of the ridiculous Ethereum gas fees meant out of 40k, he ended up banking only 6k profit. $33,000 lost to the ethereum mining mob!:ROFL:

Not sure what Loopring brings to the table but just briefly reviewing their website, it doesn't seem to offer anything I can't already do with Tinyman and Yieldly working directly on Algorands post quantum level security and soon to be 46,000 TPS, layer 1 protocol.

Feel free to elaborate on why you feel LRC is the only viable play though? Personally, I think we're only just getting started with popcorn season. The next couple months are going to see plenty of alts randomly starting to pop off, I've already had a couple 10x's this week. Opulous went from 5cent to 7 dollars in 8 weeks. Render is another one mentioned (https://projectavalon.net/forum4/showthread.php?113968-Cryptocurrency-which-alt-coins-are-the-globalist-corporations-backing-and-why&p=1429063&viewfull=1#post1429063) back in May that's done a 10x recently (from 50cents to 5 dollars). Still plenty of opportunities to be had all over the market imo.

[TargeT]

Holy crap it's a blood bath....

https://cryptorank.io/heatmaps

This is why we Algo on this thread.:bigsmile: One of the only coins that’s up 11% amidst the sea of red.:happythumbsup:

LRC....

I'll explain if you dunno.. but LRC is the only viable play I see till the market crashes.

Not heard of it, just looked it up. Loopring (https://www.coinbase.com/price/loopring)?

I'm not a fan of ERC-20 tokens. My friend had $40,000 of SAND, one of the only other crypto's that was green yesterday when everything else was red. When he came to take profit however, failed Ethereum transactions, on top of the ridiculous Ethereum gas fees meant out of 40k, he ended up banking only 6k profit. $33,000 lost to the ethereum mining mob!:ROFL:

Not sure what Loopring brings to the table but just briefly reviewing their website, it doesn't seem to offer anything I can't already do with Tinyman and Yieldly working directly on Algorands post quantum level security and soon to be 46,000 TPS, layer 1 protocol.

Feel free to elaborate on why you feel LRC is the only viable play though? Personally, I think we're only just getting started with popcorn season. The next couple months are going to see plenty of alts randomly starting to pop off, I've already had a couple 10x's this week. Opulous went from 5cent to 7 dollars in 8 weeks. Render is another one mentioned (https://projectavalon.net/forum4/showthread.php?113968-Cryptocurrency-which-alt-coins-are-the-globalist-corporations-backing-and-why&p=1429063&viewfull=1#post1429063) back in May that's done a 10x recently (from 50cents to 5 dollars). Still plenty of opportunities to be had all over the market imo.

NFT market place & partnership with GameStop.... if the Github code is correct.... I expect an announcement sometime near turkey day.....

[mountain_jim]

https://twitter.com/JacobCanfield/status/1461682095068262437?s=20

1461682095068262437


https://www.zerohedge.com/political/hillary-clinton-warns-crypto-can-destabilize-nations-and-undermine-dollar-reserve



Hillary Clinton Warns Crypto Can 'Destabilize Nations' And 'Undermine Dollar As Reserve Currency'

BY TYLER DURDEN
FRIDAY, NOV 19, 2021 - 10:45 AM

Nation destabilizer Hillary Clinton has warned that cryptocurrency has the potential to destabilize nations, and is undermining the role of the US dollar as the global reserve currency.

During a panel discussion at the Bloomberg New Economy Forum on Friday in Singapore, Clinton rattled off a list of technology-driven "asymmetric power centers" that threaten governments, including 'disinformation, artificial intelligence, and the rise of cryptocurrency,' according to Bloomberg.

"One more area that I hope nation-states start paying greater attention to is the rise of cryptocurrency -- because what looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the role of the dollar as the reserve currency, for destabilizing nations, perhaps starting with small ones but going much larger," she said.

As Bitcoin Magazine's Alex McShane notes:

In describing this rather vague threat to nations and multinational corporations Hillary betrayed the fact that she doesn’t know the difference between Bitcoin and the separate asset class of cryptocurrencies. Many politicians don’t. The terms should not be used interchangeably.

Bitcoin assures anyone with internet access a decentralized, permissionless right to property that cannot be confiscated or censored by any government. No one on the Bitcoin network is forced to choose between updating their software or risk losing their wealth, it is backwards compatible. Bitcoin is a geographically agnostic personal sovereign wealth fund. The other thousands of cryptocurrencies are centralized and largely unregulated assets whose protocol can be changed at any time, thus, in crypto the threat of property confiscation persists. Bitcoin and crypto are completely different asset classes.

Therefore, when Clinton casually throws crypto in with her laundry list of threats to her political and economic worldview, she is categorically wrong. Cryptocurrencies cannot undermine fiat currencies or nation states outright, because what they offer is fundamentally the same as fiat, which is an asset that can and is debased by governance.

* * *

Clinton also criticized Russian President Vladimir Putin for deploying "a very large stable of hackers and those who deal in disinformation and cyberwarfare."

In 2017, Clinton blamed Russian interference along with questionable decisions by the Federal Bureau of Investigation for her loss the year before to Republican Donald Trump in the U.S. presidential election. She highlighted Russia’s role in hacking into her campaign’s internal emails and later coordinating their release on WikiLeaks. -Bloomberg

"With his oligarchic coterie he has utilized many non-state actors to personal as well as nationalistic goals, and I think that’s going to become a greater and greater threat," she said of the Russian leader, whose house Bill Clinton hung out at in 2010 right before the Uranium One deal - a trip during which the former President made a cool $500,000 speaking to a Russian bank.

[Jayke]

The merging of CeFi and Defi is upon us. New product from Rand Labs, the guys who brought us a couple essential components of the Algorand ecosystem, MyAlgo wallet (https://wallet.myalgo.com) and algoexplorer.io (https://algoexplorer.io). Their new product C3 Protocol (c3.io) has the potential to be huge for mainstream adoption and traditional finance to enter the space. Algorand is the only blockchain listed as an Associate member of ISDA (https://www.isda.org) (International Swaps and Derivatives). Only a week away from the Decipher event in Miami. Big things coming for the future of finance.

https://mobile.twitter.com/danielalcivarm/status/1462849371779776514
1462849371779776514

==========

https://medium.com/c3protocol/announcing-c3-protocol-5c5e998d4c73




Announcing C3 Protocol

Today we are announcing C3, a decentralized layer for cross-margin trading across derivatives and spot markets. There is a wide gap between the DeFi and CeFi trading experience. Even though there is a wide variety of successful derivatives, lending and trading protocols across various blockchains, DeFi trading remains orders of magnitude smaller than centralized alternatives.

We think this gap exists because liquidity is split between blockchains and protocols within each blockchain. This fragmentation of liquidity and financial products is hampering capital efficiency, creating a clunky user experience and limiting DeFi’s potential growth. Solving intra-blockchain fragmentation: Rebuilding the stack on a single protocol

C3 will eliminate the gap between DeFi and traditional finance by offering a single decentralized layer where users have access to:



Cross-collateralization: Use any supported asset as collateral
Derivatives trading: Perpetuals and Options
Spot trading: Spot market with leverage
Cross-margining: margin requirements calculated globally across positions

C3 can therefore offer a single global account and all-in-one capital market that improves the cross-chain trading experience, streamlines collateral management and unlocks siloed capital.

In our view, the only way of achieving this is by rebuilding the entire financial stack from scratch on a single layer. This is how C3 dramatically improves capital efficiency. Market makers can write options by hedging them with perpetual positions, while traders could arbitrage funding rates by hedging perpetuals with leveraged trades in the spot market — all without segregating capital across venues. All of this can live in one interoperable universe of trading — C3.

Solving multi-blockchain fragmentation: Cross-chain technology

The future is multi-chain and C3 aims to access liquidity across all blockchains. C3 will launch on Algorand and use a novel cross-chain messaging technology native to Algorand to interact with other blockchains through cryptographic proofs that enable decentralized bridging.

In parallel with this novel approach to decentralized interoperability, C3 will explore existing cross-chain communication technologies to achieve multi-chain support early on. At its core, C3 design will allow the central limit order book to be natively interoperable: a global CLOB that can connect to as many chains as possible. Our goal is to give users the comfort and freedom to collateralize any asset from a wallet of their choice.

C3 Design: CeFi performance with L1 assurances

C3 will have a hybrid design. An off-chain CLOB will match derivatives and spot trades while settlement will happen on Algorand’s blockchain — at every block. This design will allow C3 to be as performant as a centralized exchange — with high trade throughput and negligible latency — while remaining decentralized and non-custodial, leveraging the security and decentralization properties of Algorand’s L1.

We envision a world where users can trade freely across blockchains and enjoy the benefits of native cross-margining without giving up sovereignty to custodial venues. C3 will make DeFi more capital efficient, but more importantly provide an experience that resembles CeFi without sacrificing DeFi’s self-sovereign and non-custodial nature. We have a similar thesis to Algorand itself: today’s market is pushing users to accept tradeoffs that don’t have to exist. Instead, we believe that trading will someday resemble the speed of traditional finance and CeFi, but simultaneously preserve the security and decentralization of L1 ideals.

Realizing C3’s vision as an integral DeFi primitive for multi-chain trading will require several important phases. Our development roadmap will be released soon and provide more details on priority products and markets. If you are a talented engineer looking to build and shape the future of finance, reach out at join@c3.io.
===========

1snExIlv5p0

[palehorse]

Hi, I am not into blockchain stuffs, but I do follow the technical development of it, am hearing quite a few people speaking about NFTs lately, even Lorenzo from psychedelic salon is considering to get into it, here is a very interesting talk

https://ia801803.us.archive.org/35/items/665-psychedelic-nfts/665-PsychedelicNFTs.mp3
MP3 LINK (https://ia801803.us.archive.org/35/items/665-psychedelic-nfts/665-PsychedelicNFTs.mp3)
Date this lecture was recorded: March 8, 2021
Guest speakers: Various
This is a recording of a conversation that we had on a live salon the other day. It’s about Non-Fungible Tokens, the NFTs that have been making news lately


Here are some people that I know personally getting into NFT: friend working with 3D design, another friend fashion cloches design also getting into it with her designs,
and from them for what they told me about their friends also getting into it: people like artists, sport players, singers, fashion models among many others getting into the game, it seems like bitcoin fever around 10 years ago. :)

What called my attention was, all these people except my friend in 3D industry, are non-technical people, they can operate a computer of course, but they know nothing about the underlaying technicalities of the tech, smells like it is going mainstream at any point soon.

[ThePythonicCow]

Solving multi-blockchain fragmentation: Cross-chain technology

The future is multi-chain and C3 aims to access liquidity across all blockchains. C3 will launch on Algorand and use a novel cross-chain messaging technology native to Algorand to interact with other blockchains through cryptographic proofs that enable decentralized bridging.

In parallel with this novel approach to decentralized interoperability, C3 will explore existing cross-chain communication technologies to achieve multi-chain support early on. At its core, C3 design will allow the central limit order book to be natively interoperable: a global CLOB that can connect to as many chains as possible. Our goal is to give users the comfort and freedom to collateralize any asset from a wallet of their choice.

C3 Design: CeFi performance with L1 assurances

C3 will have a hybrid design. An off-chain CLOB will match derivatives and spot trades while settlement will happen on Algorand’s blockchain — at every block. This design will allow C3 to be as performant as a centralized exchange — with high trade throughput and negligible latency — while remaining decentralized and non-custodial, leveraging the security and decentralization properties of Algorand’s L1.
Very interesting technology. I had not noticed Algorand before that I recall. It could end up serving a key role in a new, distributed financial system. I've got some digging to do.

Thanks for posting this!

[thalox]

Anyone care to share their holdings? I think this market is full of crap coins and any of them can die so i think we are all taking a gamble here. Ive put about $30k across the board on all of my holdings, and some are doing well and some are just dead. Haha.

A few of my great ones that i think are going to do great next bull run are as follows.

Ocean protocol: this is a data centric cross chain “you own your data” erc20 token who is going to touch all blockchains. I picked this baby up at .02cents. Right now i have enough to not work again for a few years but this is my let it ride to my exit price of $20. Then it will be **** you money.

Sia Coin: decentralized cloud storage. They are competing against Storj and filecoin. Big bag here. Picked a bunch up below pennies. My exit price is $2. This is another let it ride.

Singularitynet: a decentralized AI marketplace. They are trying to be like the Amazon of AI markets. You host an AI and people pay to use it. Some decent partnerships and are going cross chain as well. .07cent entry and $2 is my exit.

Bsv: imho the true bitcoin. This is my hedge against the whole crypto space. I plan to never sell into fiat for these. Sold all my btc for it. As btc relies on tether, and bsv doesnt. It’s very hard to buy and not listed on a lot of exchanges.

Deep brain chain: AI computing. It’s a Chinese/Asian centric project. Very small team who just work and build, no advertising. Got in at below pennies. Exit point is $2.

Cardado: I have this just to hedge my bets. I dislike this coin and dont care if it dies. But have enough that if it touches $100 it will be a decent gain and i can go buy my vehicle of my dreams. But that’s about it.

Well that’s pretty much it. I just wanted to introduce myself as i do follow crypto pretty closely. Not all projects but rules and regs that come with it.

Even have a few stocks of public companies based out of Canada who mine or support crypto assets.

Either way, good luck to all. Just wanted to share a bit of different coins as i see this thread reads like an algorand feed.

As for which crypto is backed by corporations. Not a lot now, but in the end i think almost all of them, because there is money to be made. We havent even a clue of the corporate elite which projects they endorse or even hold.

Some say that found a few peoples wallets and just follow them.

I’d say the safe bet would be to try to find Hilary Clintons wallet, because her stop pick is the best performing one out there so far. I am sure her wallet would be a good one to follow haha.

[mountain_jim]

Is anyone following the court case of satoshi coins going on?

I know most here will call Craig a fraud but he is actually in court to prove he holds the satoshi coins. I wonder how this is going to play out.

https://coingeek.com/satoshi-bitcoin-tokens-in-florida-litigation-now-at-all-time-high-of-over-74b/

Coingeek gets trashed in this update -more links at link
This does not settle the issue of what coins he holds, but does throw some shade on him personally, it appears to me

https://www.zerohedge.com/crypto/craig-wright-didnt-win-anything-except-lot-undeserved-attention

https://decrypt.co/87873/craig-wright-didnt-win-anything



Craig Wright Didn’t 'Win' Anything
Except a lot of undeserved attention.
By Ben Munster

https://cdn.decrypt.co/resize/1400/wp-content/uploads/2019/02/craigwright-gID_6.png
CRAIG WRIGHT CLAIMS TO HAVE INVENTED BITCOIN UNDER THE PSEUDONYM SATOSHI NAKAMOTO. IMAGE:

It takes time to build a press operation so effective that you can chalk up a $100 million legal fine as a victory—but Craig Wright, the Australian computer scientist who claims to be the inventor of Bitcoin, managed to pull it off.

On Tuesday, Wright, 51, was compelled to pay $100 million to a business venture called W&K Info Defense that he set up with the late developer Dave Kleiman.

In early 2018, Kleiman’s brother Ira sued Wright in a Miami court, a few years after Wright debuted the claim that he invented Bitcoin. Ira alleged that Wright designed the Bitcoin protocol with Dave under the pseudonym Satoshi Nakamoto, but also that Wright misappropriated a large portion of the early Bitcoins he and Kleiman supposedly mined (currently worth around $50 billion) and to which the Kleiman estate was entitled. For the sake of the Miami trial, both sides appeared to agree that Wright was one of the people behind the famed inventor, so the court didn’t press the issue.

Ultimately, the jury determined that Wright hadn’t stolen from the duo’s mining operation, and Wright wasn’t made to shell out billions. The court did, however, order Wright to pay the joint business venture $100 million in damages related to “conversion,” the misuse of another’s property.

Swiftly, Wright’s formidable press machine—particularly an outlet called CoinGeek that regularly leaps to his defense—rumbled into action, with outlets as prodigious as the BBC reporting that Wright won the “right to keep billions of dollars.” The Telegraph’s headline shouted: “I am Satoshi Nakamoto: Self-proclaimed inventor of bitcoin prevails in legal case.” CNBC got roasted for its first headline: “Miami jury rules in favor of Craig Wright, finding him to be the sole inventor of bitcoin.” The site later corrected it.

This case wasn’t about whether Wright is Satoshi. The case was strictly about whether Wright misappropriated billions of dollars in Bitcoins from the joint venture with Kleiman; the jury ruled he did not. That was the “big win.” But Wright was still slapped with a $100 million judgment, a small fact that multiple papers dismissed as insignificant in the context of his purported multi-billion dollar fortune, which may not even exist.

Wright’s press team has a history of spin. In 2019, for instance, Wright registered a copyright for the Bitcoin white paper, claiming it amounted to “government recognition” that he was Satoshi. Though that was quickly undermined when another person filed their own copyright within days, Wright, in an email sent to me at the time, remained steadfast: “Now we can both show our credentials and see who ends up wearing an orange suit!” (False registrations bring only a $2,500 fine.) Or, similarly, when a libel case brought by Wright against Bitcoin evangelist Roger Ver was thrown out in court, Ed Pownall, Wright’s PR flack, assured me that the case was “only thrown out because of jurisdiction, not the content.” (That case was ultimately thrown out a second time.)

And yet, the latest round of credulous reporting shows the degree to which Wright’s team has succeeded in manifesting a new reality in which all events serve only to vindicate Craig Wright.

If you believe Wright is Satoshi, then you are not bothered by his alleged backdating of blog posts; his dissembling in court; his profligate legal threats which seem to frequently fall by the wayside; his inability, in 2016, to prove he is Satoshi using the original private keys.

If you believe Wright is Satoshi, you also believe that he is in possession of that vast Bitcoin fortune. Which means that the $100 million he owes Kleiman is truly a pittance, relative to what he supposedly has. So when the Guardian announces that he has won the case, you will nod enthusiastically. It will also lead you to a somewhat circular conclusion: that the outcome of the trial, as The Telegraph put it, “shows [Wright] is the mysterious inventor of Bitcoin.”

The faulty logic here is concluding that the damages awarded to the Kleiman estate imply some kind of courtly recognition that Wright is Satoshi. Wright himself told Bloomberg, “The jury has obviously found that I am [Satoshi Nakamoto] because there would have been no award otherwise. And I am.”

You could even say it would’ve been better for him if he had been fined the full $50 billion—a sum to which only Bitcoin’s true inventor would have access.

This take requires you to ignore the obvious ethical implications of Wright’s argument: that he stole from an ailing man who considered him a friend. Beyond that, the fact that Wright was made to pay damages doesn’t amount to confirmation that he is Satoshi because, as D.C. blockchain attorney Stephen Palley tells Decrypt, “the court proceeded from the premise that it did not need to decide who Satoshi was, and the jury did not decide that issue either.”

From this perspective, the trial played out as a series of precarious bluffs, a game of legal chicken in which these basic facts of Kleiman’s lawsuit went unexamined. (The focus of the case was the duo’s business relationship, interrogated through emails surfaced in discovery.) In this interpretation of events, Wright staked his reputation on being Satoshi; Kleiman claimed Satoshi owed him money; neither man could back down, so the case proceeded on false grounds. It is really weird, when you think about it, that a years-long trial may well have proceeded from a financially useful but highly disputable “fact” agreed between plaintiff and defendant. So the jury’s verdict wasn't "recognition" by any stretch of the imagination—Wright's Satoshi claims were not up for vindication.

This would also mean that Wright does not have the vast fortune alleged to be in his possession, meaning $100 million is no small sum for him. So the real test next may be whether Wright can afford to promptly pay the $100 million.

[rgray222]

Craig Wright Didn’t 'Win' Anything
Except a lot of undeserved attention.

https://cdn.decrypt.co/resize/1400/wp-content/uploads/2019/02/craigwright-gID_6.png


Ever since I have been involved with crypto I have been mesmerized by the Satoshi Nakamoto mystery. We may never know the truth about Craig Wright but we do know that he was around and involved with Bitcoin from the beginning. Even the thought that he might possibly be Satoshi Nakamoto is less than pleasing. Many times people that are obnoxious, deceitful and dishonest have been the ones to make incredible contributions. Just look at some of the technologies and infrastructure that has come out of war. We would all be better off if Wright had stayed quiet and out of the limelight.

Now would be a good time for the real Satoshi Nakamoto to stand up, hopefully, he/she is a kinder more gentle soul.

[DSKlausler]

Sorry, I know that I have posted about this before, but I must be misunderstanding something, somewhere...

I want to deal with HBar and Hedera - THAT'S IT - no other entities. Is this possible?

I purchased on CoinZoom, and there my HBar sit (and Algo). For whatever reason, I have my doubts that CoinZoom will survive and wish to transfer my holdings.

I attempted to use MyHbarWallet to create, what I thought was embedded, an account on the Hedera mainnet. Nope, it asked for a Hedera Account ID.

OK, I went to Hedera [Account Creation] and attempted to create an account using one of their posted Wallet links. MyHbarWallet is NOT listed on that page (but IS listed elsewhere).

I asked MHW support what was up, and they responded that I need to use, or request, some other entity's hedera mainnet account for creation of MY account. Huh? I asked MHW for clarification... why would I use them, if I have to use Atomic Wallet (or other Hedera Account creator) first?

Can I not create an account of my own on Hedera?

[Jayke]

Sorry, I know that I have posted about this before, but I must be misunderstanding something, somewhere...

I want to deal with HBar and Hedera - THAT'S IT - no other entities. Is this possible?

I purchased on CoinZoom, and there my HBar sit (and Algo). For whatever reason, I have my doubts that CoinZoom will survive and wish to transfer my holdings.

I attempted to use MyHbarWallet to create, what I thought was embedded, an account on the Hedera mainnet. Nope, it asked for a Hedera Account ID.

OK, I went to Hedera [Account Creation] and attempted to create an account using one of their posted Wallet links. MyHbarWallet is NOT listed on that page (but IS listed elsewhere).

I asked MHW support what was up, and they responded that I need to use, or request, some other entity's hedera mainnet account for creation of MY account. Huh? I asked MHW for clarification... why would I use them, if I have to use Atomic Wallet (or other Hedera Account creator) first?

Can I not create an account of my own on Hedera?

Have you tried Walla Wallet? Was simple enough to create a seed phrase for accessing Hedera Mainnet for storing your Hbar directly on-chain when I set the wallet up a while back.

https://wallawallet.com/

[DSKlausler]

Sorry, I know that I have posted about this before, but I must be misunderstanding something, somewhere...

I want to deal with HBar and Hedera - THAT'S IT - no other entities. Is this possible?

I purchased on CoinZoom, and there my HBar sit (and Algo). For whatever reason, I have my doubts that CoinZoom will survive and wish to transfer my holdings.

I attempted to use MyHbarWallet to create, what I thought was embedded, an account on the Hedera mainnet. Nope, it asked for a Hedera Account ID.

OK, I went to Hedera [Account Creation] and attempted to create an account using one of their posted Wallet links. MyHbarWallet is NOT listed on that page (but IS listed elsewhere).

I asked MHW support what was up, and they responded that I need to use, or request, some other entity's hedera mainnet account for creation of MY account. Huh? I asked MHW for clarification... why would I use them, if I have to use Atomic Wallet (or other Hedera Account creator) first?

Can I not create an account of my own on Hedera?

Have you tried Walla Wallet? Was simple enough to create a seed phrase for accessing Hedera Mainnet for storing your Hbar directly on-chain when I set the wallet up a while back.

https://wallawallet.com/

I had no issue getting that far with MHW... but AFTER the phrase, it asked for the Hedera Account ID. Are you saying that the WallaWallet CREATES a distinct account for ME on the Hedera Mainnet; OR is WW using THEIR Hedera Account and I reference THAT in creating a link to Hedera through WW? It's an important distinction to me.

I saw no place on Hedera where I could create an account for ME... no middlemen.

[Jayke]

Sorry, I know that I have posted about this before, but I must be misunderstanding something, somewhere...

I want to deal with HBar and Hedera - THAT'S IT - no other entities. Is this possible?

I purchased on CoinZoom, and there my HBar sit (and Algo). For whatever reason, I have my doubts that CoinZoom will survive and wish to transfer my holdings.

I attempted to use MyHbarWallet to create, what I thought was embedded, an account on the Hedera mainnet. Nope, it asked for a Hedera Account ID.

OK, I went to Hedera [Account Creation] and attempted to create an account using one of their posted Wallet links. MyHbarWallet is NOT listed on that page (but IS listed elsewhere).

I asked MHW support what was up, and they responded that I need to use, or request, some other entity's hedera mainnet account for creation of MY account. Huh? I asked MHW for clarification... why would I use them, if I have to use Atomic Wallet (or other Hedera Account creator) first?

Can I not create an account of my own on Hedera?

Have you tried Walla Wallet? Was simple enough to create a seed phrase for accessing Hedera Mainnet for storing your Hbar directly on-chain when I set the wallet up a while back.

https://wallawallet.com/

I had no issue getting that far with MHW... but AFTER the phrase, it asked for the Hedera Account ID. Are you saying that the WallaWallet CREATES a distinct account for ME on the Hedera Mainnet; OR is WW using THEIR Hedera Account and I reference THAT in creating a link to Hedera through WW? It's an important distinction to me.

I saw no place on Hedera where I could create an account for ME... no middlemen.

WallaWallet creates an account directly on Hbars Mainnet for you, as in, you’ll get a seed phrase that you’ll be able to plug into any other wallet to be able to gain access to your funds. WallaWallet is just a portal for your own account creation, similar to how MyAlgo or the Algorand Wallet works for Algorand.

[DSKlausler]

Once again Jayke, I thank you.

I don't understand why MyHbarWallet is looked upon so positively... it CANNOT do what WW can.

[Antagenet]

Gambling Apes@gamblingapes on twitter
Their online casino opening soon, likely tomorrow.
Founders and investors meeting for a party in Miami tomorrow.
Price of GamblingApes NFT will probably skyrocket.
This is so much more exciting than watching cryptos go up and down.
Passive income!!
For every 1 million dollars the online casino makes
each ape will receive $100 dollars
10 million a month is pretty easy and common in online casinos
that means each ape's passive income $1,000. usd a month, paid in ETH.
Don't say I didn't tell you about this.
Much luck

[Jayke]

Gambling Apes@gamblingapes on twitter
Their online casino opening soon, likely tomorrow.
Founders and investors meeting for a party in Miami tomorrow.
Price of GamblingApes NFT will probably skyrocket.
This is so much more exciting than watching cryptos go up and down.
Passive income!!
For every 1 million dollars the online casino makes
each ape will receive $100 dollars
10 million a month is pretty easy and common in online casinos
that means each ape's passive income $1,https://app.yieldly.finance/lottery000. usd a month, paid in ETH.
Don't say I didn't tell you about this.
Much luck

I went heavy into Yieldly Finance (https://app.yieldly.finance/lottery) on Algorand. I’m currently making $75 a day purely in passive income with their various staking pools. :Party:
Passive income is definitely a lot nicer than trading and watching charts all day.

AlgoFi is going on Mainnet today. Collateral loans using your Algorand ASA’s. Get in early to get some governance rights. DAO’s (Decentralised Autonomous Organisations) are the future of crypto.

https://mobile.twitter.com/algofiorg/status/1470556197107691520
1470556197107691520

[seehas]

Some new Stuff from the NFT-ALGO Side:


ART GOANNA*

https://i.ibb.co/x7CR57S/artgoana.jpg

I'm super excited to be able to formally announce our "Art Goanna" series. The concept is that during this series we will work with a range of artists from both within the NFT community and also the broader fine art space. Each artist will be given free reign to create their own interpretation of the Goanna or works inspired by it.


To avoid any confusion or dilution of the original V1 series, the Art Goannas will all be minted from a separate creator address and will not be eligible for staking/airdrops etc.


The current thinking is that we look to work with a different artist every 6/8 weeks over the next year.


As with all things related to the Goanna project the art series is intended to support our three key missions.

1 - Support our tree planting efforts
2- Giveback and reward our community of Goanna owners
3- Make cool ****

To support our tree planting efforts three of the Goannas will be auctioned off with the proceeds going to the Gilbert Tree Planting Fund
To reward our community, three of the art Goannas will be given away over the weekend to existing Goanna holders. Entry will be via our discord, details to follow.

This first release from the Art Goanna series features the work of Caleb Hutchinson who has created a total of ten Goannas.

The Goannas that are available for public sale will be released in an auction format using a bespoke platform powered by EXA Finance. The auction will take place this Sunday 19th December concluding at 2 pm PST and end on Monday 20th December at 2pm PST.

Read more via the press release here.
https://medium.com/algopulse/al-goanna-launch-new-art-goanna-collaboration-series-d75c946c288b

2RzgjwFCn7U

[Mypos]

Gambling Apes@gamblingapes on twitter
Their online casino opening soon, likely tomorrow.
Founders and investors meeting for a party in Miami tomorrow.
Price of GamblingApes NFT will probably skyrocket.
This is so much more exciting than watching cryptos go up and down.
Passive income!!
For every 1 million dollars the online casino makes
each ape will receive $100 dollars
10 million a month is pretty easy and common in online casinos
that means each ape's passive income $1,https://app.yieldly.finance/lottery000. usd a month, paid in ETH.
Don't say I didn't tell you about this.
Much luck

I went heavy into Yieldly Finance (https://app.yieldly.finance/lottery) on Algorand. I’m currently making $75 a day purely in passive income with their various staking pools. :Party:
Passive income is definitely a lot nicer than trading and watching charts all day.

AlgoFi is going on Mainnet today. Collateral loans using your Algorand ASA’s. Get in early to get some governance rights. DAO’s (Decentralised Autonomous Organisations) are the future of crypto.

https://mobile.twitter.com/algofiorg/status/1470556197107691520
1470556197107691520

Hey Jayke! Could you maybe shed some light on the benefits of Algofi? Isnt staking your coins a better way to get passive income then lending?

[Jayke]

I went heavy into Yieldly Finance (https://app.yieldly.finance/lottery) on Algorand. I’m currently making $75 a day purely in passive income with their various staking pools. :Party:
Passive income is definitely a lot nicer than trading and watching charts all day.

AlgoFi is going on Mainnet today. Collateral loans using your Algorand ASA’s. Get in early to get some governance rights. DAO’s (Decentralised Autonomous Organisations) are the future of crypto.

https://mobile.twitter.com/algofiorg/status/1470556197107691520
1470556197107691520

Hey Jayke! Could you maybe shed some light on the benefits of Algofi? Isnt staking your coins a better way to get passive income then lending?

It’s just another way to be your own bank and take charge of how you deploy your own capital. Some people are using it to leverage their APY returns. Pay 2% APY on an Algorand loan, use that loaned Algo to buy more Yieldly then stake the Yieldly for 40% APY. Use 5% of the Yieldly APY to pay off the loan while the other 35% is yours to keep as pure profit. It’s not without risk. I’m not using it myself personally just yet as I’m happy with my risk free staking rewards on Yieldly (I made $115 in the lucrative Choice pools yesterday :happythumbsup:). But AlgoFi and these kind of collateral lending protocols are a big attraction for the serious market maker types—with tons of capital to deploy—to increase their yields. It’s extremely bullish for the Algo ecosystem as a whole.
https://mobile.twitter.com/AlgoRand6/status/1471977213847351297
1471977213847351297

[rgray222]

Jayke or anyone else care to give any thoughts what will happen to cryptocurrencies if/when the USA comes out with a digital currency. China eliminated (as best they could) crypto at the same time they launched the digital yuan.


Fed kicks off debate on issuing its own digital currency with new white paper

https://www.reuters.com/resizer/b49WtzUclFOrpsqaFOYbWZQf3rI=/960x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/7V2PLH5ZDNOGRATNXFKBL7LCPQ.jpg

Jan 20 (Reuters) - Creating an official digital version of the U.S. dollar could give Americans more, and speedier, payment options, but it would also present financial stability risks and privacy concerns, the U.S. Federal Reserve said in a long-awaited discussion paper released on Thursday.

The paper made no policy recommendations and offered no clear signal on where the Fed stands on whether to launch a central bank digital currency (CBDC), a digital form of cash in your pocket. The Fedsaid it would not proceed with creating one "without clear support from the executive branch and from Congress, ideally in the form of a specific authorizing law."

The paper tiptoes around a subject that has sparked debate inside the Fed's top ranks, even as other central banks across the globe are exploring the adoption of digital currencies.

Nevertheless,it sets the stage for the central bank to collect public feedback on the potential costs and benefits of a CBDC, which could ultimately advance legislation long-term.

"While a CBDC could provide a safe, digital payment option for households and businesses as the payments system continues to evolve, and may result in faster payment options between countries, there may also be downsides," Fed officials wrote.

Challenges include maintaining financial stability and making sure the digital dollar would "complement existing means of payment," the Fed said. The central bank also needs to tackle major policy questions such as ensuring a CBDC does not violate Americans' privacy and that the government maintains its "ability to combat illicit finance."

Unlike cryptocurrencies, which are typically run by private actors, a CBDC would be issued and backed by the central bank. It would differ from electronic transactions that happen through large commercial banks in that it could give consumers a direct claim to the central bank, similar to physical cash.

About 90 countries are exploring or launching their own CBDCs, according to the Atlantic Council. A widely used digital euro, yuan or dollar may still be years away, but the projects could dramatically disrupt the global financial system.

Despite steering clear of policy recommendations, the Fed did shed some light on how a digital dollar might function.

Critically, it said a digital dollar would "best suit" U.S. needs if it were intermediated through the current financial system. That means individuals would not have CBDC accounts directly with the Fed, an approach backed by some Democrats who say a digital currency could help the unbanked. Banks worried that such an approach would eat into their deposit base.

Still, Fed officials said they are not ruling anything out.

The central bank will collect comments on the issue via an online form for 120 days.

Thursday's paper is separate from research the Boston Fed has been working on with the Massachusetts Institute of Technology to explore the technological aspects of a CBDC. That research, including coding that could be used for a potential U.S. CBDC, will be released as early as next month.

BOARD DIVISIONS

The paper partially echoed the views of Fed Chair Jerome Powell, who has said such a project must have broad support and ideally be mandated by Congress.

Fed Governor Lael Brainard, meanwhile, has said it is not "sustainable" for the United States to hold off on pursuing a digital dollar at time when competing economies are moving ahead.

Others, including Fed Governor Christopher Waller, are more skeptical and point out that many dollar transactions are already digital.

Jonathan McCollum, chair of federal government relations for Davidoff Hutcher & Citron, said some in Washington worry the United States could weaken its position as the holder of the global reserve currency if it does not move ahead.

"The U.S. has the opportunity to set the rules for how digital currencies function in the international financial system, but it is critical we start now," he said.


Source: https://www.reuters.com/business/fed-lays-out-risks-benefits-cbdc-paper-takes-no-policy-stance-2022-01-20/?utm_campaign=trueAnthem%3A%20Trending%20Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR0SV-XzJVvRtQmAekiNOvJV6SHqe0gSNxqAsMMsNeJHCaxbRC-vKg_NNlk

[halcyon026]

Anyone care to share their holdings? ...

Got in pretty early on solid coins like ETH, SOL, Matic, FTM, ROSE, BNB, that I hang on to.

Also hold Gamefi coins like PYR, SPIN, RFOX, WILD.

Layer1's like NEAR and ROSE.

ZK-rollups are on my radar to start accumulating next.


My current favorite passive income plays include.

UST staking 20% APY on Anchor
https://app.anchorprotocol.com/

SPIN+WBNB pool @ about 400% APY (risk of I.L.)
https://dex.spintop.network/pools

WFTM+TOMB pool @ about 150% (Tomb is pegged to FTM so no I.L.)
https://www.reaper.farm/

THOR nodes
https://app.thor.financial/

POWER nodes
https://app.powernode.io/

VAPOR nodes
https://app.vapornodes.finance/

FLUX nodes when new contract is out
https://www.runonflux.io/

CRV/CONVEX
https://www.convexfinance.com/

HEC (15,000% APY)
https://app.hectordao.com/#/stake

Degenbox (UST+MIM pool @ 100% APY, MIM is a stable too, no I.L.)
https://abracadabra.money/

HERMES (1680% APR, HERMES is pegged to AVAX, no I.L.)
https://hermesfinance.app/

[mountain_jim]

https://twitter.com/RudyHavenstein/status/1484639128494821378?s=20

1484639128494821378



https://i.redd.it/dejokhyy4zc81.jpg

[seehas]

https://twitter.com/RudyHavenstein/status/1484639128494821378?s=20

1484639128494821378



https://i.redd.it/dejokhyy4zc81.jpg

Funny because i just bought some more Algos/Yieldly before the Crash :(:silent:

[wegge]

This is a great series on many foundational technical and philosophical aspects of crypto.

https://links.uncensoredcrypto.com/a/1617/click/1114/298175/d358e41b28cc05c1174f5912ac606de55ec1a9e2/2f84e7fcd13b5474807a2ef4dd9a643f94a7b971

It has 9 parts, each almost 2 hours it seems. There’s one released every day, we are into day 3. Each episode is free for 24 hours, afterwards you can buy the whole documentary.

Maybe it could be purchased in a joint effort for the Avalon Library.