🚨 BREAKING NEWS
A groundbreaking moment: the first blockchain Constitution has been drafted, voted on & signed!
Naturally, on Cardano 📜
@IOHK_Charles vision has always been different
Cardano is built different
Different is needed
What happened in Argentina? Let's dive in🧵👇
One of the deepest lessons I've taken to heart over the past decade is that becoming a public figure means you turn into a human rorschach test where those who don't like you will take any post or comment and assume the worst possible interpretation.
Working on Cardano this past decade has been a whirlwind of emotions, challenges, and tremendous obstacles to overcome. It's been a journey that not everyone completed, and watching friends fade, false starts, and ending up in a place unexpected, but not undesired, is hard to process.
I took a drive alone, which I rarely do since getting a security detail, and shared the moment with everyone. It was something I felt appropriate because so many of us went on this journey together and are also feeling so much that it is sometimes hard to express in words.
It gave me comfort seeing the comments from kindred spirits who got what I was saying. And I suppose I accept how fragile and damaged the other comments are. People in our industry are so used to scams, rug pulls, and evil founders that they can't comprehend an honest ecosystem or the best efforts of so many thousands of people.
It tells me that we have a very long road ahead to heal the damage and avarice. It also tells me a lot about where humanity is. We don't get to have moments to enjoy a pure accomplishment anymore.
What Cardano has done is one of the greatest technical achievements in human history:
A distributed system that runs in more than 100 countries, which has never shut down, without central coordination just seamlessly upgraded for millions of people who have never met each other to evolve into a decentralized nation complete with its own constitution. The audacity is absurd.
This dwarfs Bitcoin. It's unique, and books will be written about what has happened. Cardano is now a governance virus that is living, self- replicating, and self-sustaining. It has intelligence and a will to survive and grow. Nothing can shut it down. Nothing can stop its growth.
Where all of this could go is what I was thinking about while driving. We created something alive together. Now we all get to live in a world where it exists.
4/ U.S. Elections
The crypto community in America is growing rapidly, and presidential candidates have not ignored this topic
After the latest debates, everyone is convinced that Donald Trump, who openly promises to support the development of the crypto market, will become president
If he wins, the head of the SEC could be someone favorable to cryptocurrency
Holy smokes!! The AI isn’t perfect in this scam video that played before my video but it’s PRETTY DAMN CLOSE. That sounds exactly like @IOHK_Charles albeit a bit choppy. KISS your ada good bye. @YouTube the scams are only getting more sophisticated and this is scary.
I’m about to address the Cardano / Midnight concerns.
By breaking it down with straightforward data, it'll be evident that the concerns are very inflated. While I rarely reference Charles Hoskinson, a few of his remarks offer a grounded view on the topic, as there is not a ton of information out there.
So let’s start with one quote from Charles on the topic:
📌 “You can’t do a Midnight without Cardano”
I could leave it there, but I won't...
I’d also like to underline this by stating that I think it's absolutely crazy that people might think IOG is pivoting away from Cardano right at the moment when Defi is coming online and the blockchain is finally beginning to demonstrate to the world why it stands apart from the rest!
The concerns around Midnight and Cardano seem to stem from either over-analyzing things, under-analyzing them, or maybe both.
🔍 Let me break it down for you:
🌟The Start of Midnight: As Charles put it, "Midnight is a project we've been working on for over four years." This isn't a fly-by-night operation or a sudden pivot to replace Cardano. It can be many things, but it’s not that! It's very simply but also a meticulously crafted project that was born from IOHK's dual exploration of proof of work and proof of stake mechanisms.
🤝 Midnight's Role as a Sidechain: Midnight isn't here to overshadow Cardano. As Charles explained, "Midnight makes a lot more sense, as a side chain of Cardano." Think of it as a powerful ally, bringing new capabilities, such as private smart contracts written in TypeScript, to the Cardano family.
🎁 Token Distribution: Charles and the team plan a "glacier drop" of the dust token, ensuring that all participants, especially ADA holders, benefit. This is a testament to the intention of keeping ADA holders at the forefront.
❤️ Cardano's Continued Importance: Charles is proud of Cardano and its achievements. He even mentions, "you can't do a midnight without Cardano." This sentiment underscores the foundational role Cardano plays.
🤔 What About The Missing Mention of Cardano on Midnight Website?: Stop jumping to conclusions. In Charles's words, "Cardano gets first access to all that goodness, because it's partnered with midnight." The connection is clearly there, even if it's not plastered on the homepage. Branding, identity, technical specifics, target audience are many reasons to consider why Cardano might not be mentioned.
🚀 Boosting the Cardano Ecosystem: Midnight isn't just a side project; it amplifies Cardano's potential. Charles emphasized how it "gives something new and exciting to the Cardano ecosystem." It's a win-win, strengthening both Cardano's network effect and its technological prowess.
Please like and share this post so more eyes can see this information, especially before the crypto media starts to run with any rumors or misinformation that is out there.
There is obviously a lot of speculation on Midnight, so it's probably best to just see what happens when it launches, and in the meantime, chill.
@james_b99 @jbhtweetin01 @sw_holocron Great show but I disagree with the budget thing. A few more minutes well written dialogues on the same set or background wouldn't cost that much. I don't like this 'half-sentences+misterious smiling' way of communication. Andor has more and longer episodes with better dialogues.
Hey ADA holders, Mithril is coming to Cardano mainnet!
This means significant improvements to the ecosystem, once again. Here's a breakdown of what Mithril is and what it means for Cardano:
1️⃣ What is it? Mithril is a cutting-edge stake-based signature scheme and protocol developed to take the speed and efficiency of node syncing on the Cardano network to the next level.
⚡️Supercharged node syncing: Faster and more efficient, boosting the overall performance of the Cardano network.
🔧 Streamlined operations: Opening up new possibilities for building innovative decentralized applications on Cardano.
🗳️ Decentralized governance: Stake-based voting applications and governance solutions, empowering decentralized decision-making. Cardano becomes even more decentralized.
🗺️ Roadmap for success: Mithril has been meticulously developed and tested. After the mainnet release, it will undergo further iterations, leading to a fully decentralized and self-sustaining Mithril ecosystem.
🌟 Enhanced Cardano ecosystem: By integrating Mithril, Cardano becomes more capable and versatile.
Once again, we are entering a new era for this power blockchain that is Cardano!
#Cardano $ADA
🚨I am calling on Congress right now! Here is a clear demonstration of how urgent this issue is and why we need clarity and consistency in crypto regulations ASAP.
For starters, CFTC Chairman Rostin Behnam has declared that Ethereum is a commodity.
Ironically, Gary Gensler had also previously suggested that ETH had evolved into a commodity as it became more decentralized.
But here's the kicker! The SEC has also recently taken action against Coinbase, alleging that it sold unregistered securities, including #Cardano $ADA, which is a far more decentralized cryptocurrency than Ethereum.
This has sent shockwaves through the crypto community considering Cardano is top 5 cryptocurrency with a $9 billion market cap. This discord in regulatory perspectives alone has created mass uncertainty.
Cardano’s development company, IOG, and founder @IOHK_Charles strongly and rightfully refute the SEC’s claims. Charles points out that Cardano's financing was done in Japan, with no ADA sold, only vouchers, and the U.S. was not involved. IOG states, 'Under no circumstances is ADA a security under U.S. securities laws.' With just a dash of objectivity, it becomes obvious that this makes most sense.
The lack of harmony between regulatory bodies, coupled with allegations that seem to disregard fundamental elements of how decentralized blockchains operate, spells chaos for both the industry and investors.
I am encouraging @GOPMajorityWhip, @SenatorHagerty, @SenLummis, and @PatrickMcHenry to continue to put pressure on these issues, for Congress to actually step in, seek alignment between the SEC and CFTC, and establish clear, fair, and knowledgeable regulations that will foster innovation and protect investors in the ever-evolving world of cryptocurrencies.🇺🇸
Please LIKE and RETWEET to get this message out there.