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2023.01.10 01:54 Adderalin What's next after Portfolio Margin? The Potential Trading Career Paths Ahead For You
Many people think Portfolio Margin is just the end game or final destination on their own path through trading. Take a minute to reflect through your own path of discovery of unlocking more margin, more power, yet with more responsibility.
For me, my own path:
I'm going to open the door for everyone. The path does not end with retail Portfolio Margin. I was really excited to have hit $250k in my account a second time (highest in taxable was $400k b4 house, $330k after house.) I'll tell you why:
There is more portfolio margin offerings past the initial offerings of TD Ameritrade and the like! Getting Retail PM is just another step on a journey of your trading career path however you want it to be.
For instance - being on Portfolio Margin at TD Ameritrade they expect you to know the house rules, the Short Unit Test, Point of No Return rules (PNR), and so on. They're friendly to talk you through it and explain it of course. The whole idea though is with greater margin/leverage/risk comes greater responsibilities.
I've separated the two career paths into the "less regulated path" - this is blending still largely retail trading (your option orders will still be marked non professional) but expectations to complying with the above frameworks and not giving your broker a heart attack, to the more regulated path where you have licensing requirements, exams, tests and if you fuck up its much easier for fines/exchange censures/etc.
Of course - you can stick to regular portfolio margin! Many people can and do. I just haven't seen any post like this anywhere on Reddit OR the internet at all. I want to share with you all!
On the less regulated path this is obtaining a prime-brokerage account. If you're able to maintain $500k net-liq (per OCC overnight values) by the close of each trading day you unlock some major major benefits. The biggest benefits getting a prime brokerage account is:
Different prime brokers might have much better locates available than what TD Ameritrade has if you're a short seller. If you have a really profitable options trading strategy but are annoyed that TOS seems to take 1-2 seconds to route your orders - you can find a good Direct Market Access broker that is already colo-located with the exchange you like to trade.
You might also get some extra margin relief vs TD Ameritrade gives you.
Regulation issues you might face at this level:
This is the grand-daddy prime brokerage account. At this level the handcuffs come off. You can do anything a hedge fund can do. The options are endless:
All the steps here on this path require licensing - full stop. Licensing requires a lot of study, regulations, background checks, a moral and ethical code, good moral character, possible restrictions on trading in your own accounts, possible restrictions on strategies, leverage controls, risk management, and so on. You'll be registering with a ton of regulatory bodies (the SEC, FINRA, Exchanges, SIPC, etc) depending on what you want to do. From this point you'll be paying pro data fees for your home account, pro data fees for anything else, etc.
At this level - you are beginning to be treated less as an individual and more as a firm the more you progress.
The benefits are mentorship, community, organization, learning from people who have done it before you, and so on.
This guide will cover the Net Capital Rules
Proprietary Trading Requirements: $0 to $50k+
So, I debated mentioning prop trading or not. Most shops suck ass and stick traders to reg-t limits with risk controls. However in my interview circuit one VERY REPUTIABLE firm was willing to let me have PM at $50k with my money gone first with haircuts, 1 year before I could withdraw my deposit. They didn't allow ANYONE to trade options but they reviewed my brokerage statements and felt safe with me given my track record/so on. I decided against it as they wanted a 80/20 split where they'd take 20% profit. Secondly - risk controls seemed too great for me. Third - wanted monthly reports on the strategy while equity traders were 100% discretionary with no reports. They offered up to 10x leverage for equities, and 30x with written permission for stuff like merg-arb.
Pros:
This was the OG portfolio margin back in the day. Get your various series licenses, pass a written and oral exam, and you get to trade on the floor, with all the leverage available to you. What is the difference between a floor trader and a floor broker? A floor trader trades for his own account. A floor broker trades for other peoples' accounts.
Pros:
Market Maker Requirements: Maintaining $250,000 net liquidation at all times What brokers like to see: $500k+ (survive 50% drawdown)
So for $250k you can get PM and be an actual Market Maker in options or equities! Yup, for that low of $250k! Robert Morse covers a crap ton of market maker advantages that are just crazy! I'll post these here and add on my own:
Pros:
Designated Primary Market Maker Requirements: Maintaining $7,000,000 net liquidation at all times
Formerly known as a specialist - You're now swimming with the big boys - Citadel and the like. Achieving this level means you are the official market maker for one or more stocks with the exchange(s) you have a seat on. If you're doing equities - you are the point of contact for your stock. You're the point of contact for the options or the stock for the exchange it is listed on.
For options I'm still really in the dark as to what level this gives you in terms of advantages over better selection of stocks and so on to market make in.
Pros:
This is the final career path in the more regulated side. If your trading edge has died and you can't mine the gold yourself, you still can sell the pick axes and shovels. FINRA requires $100k of net capital and licensing, and your state(s) might require more. The same Floor Broker stuff we talked about. If you're tired of all the options available in brokers - slow routing, bad APIs, etc, you can say hit up Interactive Brokers and mark up their fees by 15x if you have some new innovative take on being a broker and can attract a ton of client accounts and so forth:
Client markups by introducing brokers are limited to 15 times IBKR's highest tiered rate plus external fees.
This last section is talking about opening up another Robinhood/TD Ameritrade brokerage business, etc for the Public. You can already privately trade on PM for a lot less as a regulated floor broker.
Pros:
Pros:
Requirements: Maintaining $25,000,000 net liquidation at all times AFTER RISK BASED HAIRCUTS - ie a brokerage firm has to have $25m AFTER the SPX drops 20%!
Pros:
Individual Trading:
Of course, just because the regulations lets you start a prime broker account at $500k, market making at $250k, or a full on brokerage offering PM at $25m, remember these are the minimums. Suffer a $1 loss and it's a margin call, wire in more funds or you have to stop doing that activity! I'd recommend at least doubling the above figures if you want to be self-sufficient in it and survive typical 2008 era drawdowns:
$1m for realistically exploring prime-broker services $10m for prime-brokers unleashed
$500k to start market-making $14m-$20m if you want to start a HFT Options MM firm.
$50m - $100m if you want to start a new brokerage firm and offer portfolio margin.
FINRA Net Capital Rules
CBOE C1 Exchange Rulebook
CBOE Market Making Program
submitted by Adderalin to PMTraders [link] [comments]
For me, my own path:
- 2010: $5,000 opened my first brokerage account, an Roth IRA account at Vanguard and googled around, found Bogleheads. Was passive investor for a while and insanely focused on career.
- 2013: Discovered Reddit and /financialindependence changed my life.
- 2014: $5,000 opened cash taxable brokerage account. Got hit with a freeriding violation, googled that shit, enabled margin. Discovered /wallstreetbets lost money buying 50% OTM GILD calls. Kept to passive investing.
- 2016: Took selling theta seriously (tasty-works style.) Started off spreads. At $10k TDA gave me naked options margin. Was annoyed with being limited to 4 day trades a day. Hit $25k in summer - mind blown that all a sudden TDA would let me spin it on up to $100k - 4x with intraday margin. Likewise TDA let me have Intraday Futures Margin by signing their form.
- 2016: Interview rounds in the whole industry from the biggest option firms in the world to the smallest prop firms. I toured them all. Two offers from two top option firms. I decided to shoot for portfolio margin instead.
- 2020: Unlocked Portfolio Margin
I'm going to open the door for everyone. The path does not end with retail Portfolio Margin. I was really excited to have hit $250k in my account a second time (highest in taxable was $400k b4 house, $330k after house.) I'll tell you why:
There is more portfolio margin offerings past the initial offerings of TD Ameritrade and the like! Getting Retail PM is just another step on a journey of your trading career path however you want it to be.
The Two Paths Ahead of You
So the two paths are both amazing career paths, however they both have one thing that I feel they share in common: the beginning of the end of retail trading. As you advance on these paths you'll face more regulations with the more privileges and reductions of margin you get. The further you go down these paths the less trading is "retail" and becomes more "professional."For instance - being on Portfolio Margin at TD Ameritrade they expect you to know the house rules, the Short Unit Test, Point of No Return rules (PNR), and so on. They're friendly to talk you through it and explain it of course. The whole idea though is with greater margin/leverage/risk comes greater responsibilities.
I've separated the two career paths into the "less regulated path" - this is blending still largely retail trading (your option orders will still be marked non professional) but expectations to complying with the above frameworks and not giving your broker a heart attack, to the more regulated path where you have licensing requirements, exams, tests and if you fuck up its much easier for fines/exchange censures/etc.
Of course - you can stick to regular portfolio margin! Many people can and do. I just haven't seen any post like this anywhere on Reddit OR the internet at all. I want to share with you all!
The Less Regulated Path
Prime Brokerage Account Unlock Requirement: Maintaining $500,000 net liquidation at all times What Brokers Like to See: $1m+ (so you can survive a 50% drawdown.)On the less regulated path this is obtaining a prime-brokerage account. If you're able to maintain $500k net-liq (per OCC overnight values) by the close of each trading day you unlock some major major benefits. The biggest benefits getting a prime brokerage account is:
- Allowed to execute away from your broker. You're still bound to PDT rules at $500k.
- Execution quality improvements - being allowed to execute away lets you connect directly to an exchange or send trades to multiple brokers!
- Since you can execute with multiple brokers - you can locate hard to borrow shares with different brokers. Execute short sells at IBKR, TDA, and others who have short inventory, etc!
- Possible access to dark pools/block trades.
- Access to better order types (Sadly enabling "advanced features" for PM at TDA gets rid of FOK - fill or kill!)
- Access to MUCH better trading APIs/Orders than TDA/IBKR, for example: https://www.tradewex.com/Home/Integration
- Networking - Capital Introduction if you want to raise money to start a hedge fund.
Different prime brokers might have much better locates available than what TD Ameritrade has if you're a short seller. If you have a really profitable options trading strategy but are annoyed that TOS seems to take 1-2 seconds to route your orders - you can find a good Direct Market Access broker that is already colo-located with the exchange you like to trade.
You might also get some extra margin relief vs TD Ameritrade gives you.
Regulation issues you might face at this level:
- If you want to execute away at $500k - $5m - you have to provide a real time drop file of your trades, or use a broker that does so to ensure you don't violate PDT rules.
- Might have very specific custom agreements. Might need to retain legal advice if its your first time!
- If you prime-broker with Goldman Sachs they make you apply a value-at-risk stress test to your portfolio.
- If your software directly connects with an exchange they have specific testing requirements that you might have to hire a consultant for. You're also going to have to sign and agree to exchange requirements/rules/procedures vs being a retail trader who the broker is supposed to know most of this.
- TONS of regulations if you want to start a hedge fund and invest OPM - other people's money.
This is the grand-daddy prime brokerage account. At this level the handcuffs come off. You can do anything a hedge fund can do. The options are endless:
- Get full TIMS margin. Lightspeed offers that for $5m+ - No additional 20% of exchange mandated portfolio margin requirement
- PDT rules don't apply to $5m+ prime brokerage accounts. Go nuts making large day trades. Must close above $5m each day.
- If you want to self clear - you get access to STANS margin (lets you offset risk with futures positions.)
- Definitely full access to any dark pools and block trading at this level. Have nuts placing a buy order of 200,000 of MSFT, getting the average price of the last 5 minutes of retail trades, and your 200k share buy doesn't affect the market until after the print of the trade.
- You have the same trading privileges of any hedge fund - so you can start one yourself if you want to!
- You might be subject to Large Trader Reporting - essentially the SEC will review all of your trades if you trade 2 million shares or $20 million in a day, or 20 million shares/$200 million in a month. Easy to cross this threshold if you hit $5m with a 4x PDT strategy!
- Did you know options have position limits? Some are as low as 25,000 contracts!
- If you self clear - tons of regulations!
- If you use dark pools - tons of regulations on how you access and use these systems. HFT firms get kicked out all the time by abusing stuff like sending FOK orders to probe dark pool liquidity... then get invited back as they were actually helping with liquidity... then getting kicked off again as they front-ran the limbering institutional inside there too much.
- If you start a hedge fund and take other peoples' money - shit ton of regulations. Good luck!
- If you hire other traders - make sure they don't start spoofing or creating manipulative trades on behalf of your firm! Now you have to conduct your own surveillance activities.
The More Regulated Path
Did you know Portfolio Margin existed for Clearing Firm members in 1986? Did you know you could have traded on Portfolio Margin as early as ~1994 if you got floor access to the various exchange trading floors? At the time it was called risk based haircuts. Portfolio Margin evolved to give retail the same advantages and risks that Floor Traders and Floor Brokers have been enjoying for years and years!All the steps here on this path require licensing - full stop. Licensing requires a lot of study, regulations, background checks, a moral and ethical code, good moral character, possible restrictions on trading in your own accounts, possible restrictions on strategies, leverage controls, risk management, and so on. You'll be registering with a ton of regulatory bodies (the SEC, FINRA, Exchanges, SIPC, etc) depending on what you want to do. From this point you'll be paying pro data fees for your home account, pro data fees for anything else, etc.
At this level - you are beginning to be treated less as an individual and more as a firm the more you progress.
The benefits are mentorship, community, organization, learning from people who have done it before you, and so on.
This guide will cover the Net Capital Rules
Proprietary Trading Requirements: $0 to $50k+
So, I debated mentioning prop trading or not. Most shops suck ass and stick traders to reg-t limits with risk controls. However in my interview circuit one VERY REPUTIABLE firm was willing to let me have PM at $50k with my money gone first with haircuts, 1 year before I could withdraw my deposit. They didn't allow ANYONE to trade options but they reviewed my brokerage statements and felt safe with me given my track record/so on. I decided against it as they wanted a 80/20 split where they'd take 20% profit. Secondly - risk controls seemed too great for me. Third - wanted monthly reports on the strategy while equity traders were 100% discretionary with no reports. They offered up to 10x leverage for equities, and 30x with written permission for stuff like merg-arb.
Pros:
- Quickest route to actual leverage past reg-t limits without having $ for PM.
- Possibly K-1 or 1099. If 1099 it's self employment income allowing you to contribute to a solo 401k. If it's k1 its pass-through cap gains. The firm that offered me PM was cap-gains.
- Mentorship.
- Charges a ton for trade fees (huge markup over IBKR, clearly a profit center for them), software fees (huge markup over IBKR), pro data fees (another markup), and so on. I'd say 2x.
- Questionable how profitable you'd be with 2x markup on everything.
- Licensing - 1 or more series licenses as you're trading other peoples money (firm money). At this level though you're going to be mentored like crazy, risk monitored like crazy, and subject to real risk controls.
This was the OG portfolio margin back in the day. Get your various series licenses, pass a written and oral exam, and you get to trade on the floor, with all the leverage available to you. What is the difference between a floor trader and a floor broker? A floor trader trades for his own account. A floor broker trades for other peoples' accounts.
Pros:
- MAJOR Tax Advantages. Owning/Leasing a seat on an options exchange makes your option trades 60/40 long-term/short term capital gains tax with NO wash sales.
- Before retail-PM came about in 2007 this was the ONLY way to get Portfolio Margin like relief. If you're ever in a time traveling situation now you know how to get PM if you've found yourself in the past.
- Besides tax advantages - The biggest thing you get today being a floor trader is access:
- Access to dark pool systems much quicker than $500k/$5m above retail-prime-brokerage cutoffs.
- Access to placing orders directly on exchanges much quicker than $500k/$5m cutoffs.
- Access to upstairs liquidity providers - if you're trading 1,000 contracts you can get some quotes on a bid and ask for both sides from other floor brokers/floor traders, possibly better pricing than the electronic markets.
- Access to other professionals - sharing an office, and so on.
- Floor Broker: Get paid to run other peoples accounts/trade on their behalf for commission/fees/etc.
- Marked "floor" for option orders. (yup there's actually 3 markings of trades! retail, professional, and floor!)
- Have to buy/lease a seat. Expensive $$$
- Approved software that interacts with exchanges is expensive. $$$
- Writing your own software has testing requirements that's less expensive. $
- Have to get licensed/take tests. Floor trader = way less regulations (CBOE manual goes back and forth on requiring a floor TRADER to have a series license since they're trading their own account - might have to phone call them.)
- In a professional environment - I'm not sure what the mentorship is like for a floor trader vs the MM route. My gut feeling its more swimming on your own.
- Subject to exchange fines.
- In the past physical presence was required - you had to physically trade on the floor. I'm not sure how it is today post covid if it's still the same if you go this route. CBOE appears to be relaxing the requirement for floor presence, especially if you trade your own account. YMMV with other exchanges (nasdaq, NYSE, etc.)
- You've taken professional tests. You've paid professional dues. You've gotten professional tax advantages. You'll be upheld to much more regulations than a retail WSBer spinning $100k in a PM account.
- Significant regulations if you go the floor broker route. Floor trader is mostly regulations around system access and so on since you're trading your own account.
Market Maker Requirements: Maintaining $250,000 net liquidation at all times What brokers like to see: $500k+ (survive 50% drawdown)
So for $250k you can get PM and be an actual Market Maker in options or equities! Yup, for that low of $250k! Robert Morse covers a crap ton of market maker advantages that are just crazy! I'll post these here and add on my own:
- Option Market Makers income is 60% capital gain/40% short term (same as a floor trader.)
- Option Market Makers are taxed based on MTM with no wash sales (same as a floor trader.)
- Option Market Makers do not require a located on HTB stocks to sell short-customers do.
- Option Market Makers are not required to tag bid/offers as open/close-customers must.
- Option Market Makers get market maker margin which is better than Portfolio Margin
- Option Market Makers can change many bids/offer with a single message-non-members have to cancel/replace each order
- Inspect the order book! Yup! Market Makers get to see the entire order book - hidden orders, firm flags (IBKR orders, TD Ameritrade orders), professional status of the order (retail, professional, floor), Order Flags("Buy to close vs Buy to Open) and so on. Yes Market Makers can tell the difference between a Robinhood Order, a TD Ameritrade Order, and an IBKR Order!
- Inspect the Complex Order Book (COB) - Now you can see all the resting spreads. Feel free to pick off the profitable spreads!
- Send responses to Price Improvement Auctions. Did you know Price Improvement Auctions actually ping market makers asking them to submit a bid or an offer?
- Still have the ability to trade for other firms like prop-trading. You can join a Designated Primary Market Maker like Citadel and market-make under them with your $250k net-liq market-making permit.
- Have the ability to respond to flash orders. Market Makers get to see orders for 50 ms before the public do for orders routed to the CBOE Exchange. The SEC Banned Flash Orders in 2009 but if we look at the CBOE's Step-Up Mechanism we see flash orders are alive and well on options exchanges! "Cboe SUM Auctions provide execution opportunity by exposing marketable orders prior to (1) routing to an away market, (2) canceling an order back or (3) booking the order on the Exchange. The period of time the SUM Auction order will be exposed is 50 ms."
- Buy or lease a seat on the exchange you want to Market Make.
- Expensive. Professional accounting REQUIRED - $1k - $1.5k/mo.
- Market-Making software is rare like Actant Quote - $3.5k/mo
- Probably $12k/mo in business expenses all-in given all the regulations, clearing, etc.
- Subject to exchange fines.
- Delta hedging required/strongly suggested at these low levels.
- Restricted from Acting as a Market Maker and Floor Broker(Trader) in Same Security/Related Securities in the Same Business Day.
- Need broker-dealer licensing. Full stop - from here on you're fully licensed and subject to a lot more red tape.
- You're treated as a firm. Even if it's all just you as a sole-proprietorship - this is the end of individual trading. From here on you are now a firm.
- Required to have your books and records open to inspection of the exchanges you market-make with. Yup - the exchanges get to inspect all your accounting and every trade/order!
- Need professional accounting - see above why.
- Subject to quoting requirements. At this level you are told by your Lead or Designated Market Maker which options and series to quote per the exchange rulebook's time and series quoting requirements. For instance if you join CBOE they require 90% of time and 60% of series (strikes) for quoting options. If you join NYSE they are much more relaxed - 60% of time of quoting and no % of series requirements.
- Firewall Requirements - if your firm also does prop trading they CANNOT know about the market-making sides. Imagine the advantage it gives knowing the order book. It's such an issue that Madoff hid his ponzi scheme for years by successfully misleading the SEC by making them think there was a firewall leak between his legit market-making side of his firm and his legit prop-side of the firm.
- "Except under unusual circumstances and with the prior permission of a Floor Official, no Trading Permit Holder shall, on the same business day, act as a Market-Maker and also act as a Floor Broker (i) with respect to option contracts traded at a given station, or (ii) in any security determined by the Exchange to be related to such a security."
- Market Making at this level feels more like prop-trading in that there is mentorship but you're trading your own capital and not other peoples' capital but it's also very competitive. Exchange rulebooks require competition between Market Makers.
Pros:
- Get to quote more stocks/option classes
- Possibly boss around Market Makers if you're trading for a Designated Primary Market Maker like Citadel?
- Nothing I can think of much that wasn't already covered.
Designated Primary Market Maker Requirements: Maintaining $7,000,000 net liquidation at all times
Formerly known as a specialist - You're now swimming with the big boys - Citadel and the like. Achieving this level means you are the official market maker for one or more stocks with the exchange(s) you have a seat on. If you're doing equities - you are the point of contact for your stock. You're the point of contact for the options or the stock for the exchange it is listed on.
For options I'm still really in the dark as to what level this gives you in terms of advantages over better selection of stocks and so on to market make in.
Pros:
- Corner the market... literally on your exchange, per CBOE C1 Rulebook: "Only one DPM may be appointed per class."
- Ability to participate in payment for order flow. Given your size brokers will be happy to sign PFOF agreements.
- Huge advantages for equity traders being the source of liquidity. I'm not sure on the options side vs what we already covered above.
- At the $7m level it looks like it's possible that delta hedging isn't required, given SIG recently getting in trouble for violating option position limits. Either way - they used market-making to build up speculative positions instead of delta hedging them.
- You can obtain Market-Making permits and hire individual market makers to help you make markets.
- Better be careful what you pick to be a DPM of: "A DPM's allocation in an option class or group of classes is non-transferable unless approved by the Exchange."
- SEC just nuked Payment for Order Flow.
This is the final career path in the more regulated side. If your trading edge has died and you can't mine the gold yourself, you still can sell the pick axes and shovels. FINRA requires $100k of net capital and licensing, and your state(s) might require more. The same Floor Broker stuff we talked about. If you're tired of all the options available in brokers - slow routing, bad APIs, etc, you can say hit up Interactive Brokers and mark up their fees by 15x if you have some new innovative take on being a broker and can attract a ton of client accounts and so forth:
Client markups by introducing brokers are limited to 15 times IBKR's highest tiered rate plus external fees.
This last section is talking about opening up another Robinhood/TD Ameritrade brokerage business, etc for the Public. You can already privately trade on PM for a lot less as a regulated floor broker.
Pros:
- Opening a brokerage business TO THE PUBLIC - to allow the public to place trades, instead of trading on behalf of other people.
- Possibly get lots of passive income from non-invested money, lending out shares to short, fee markups/etc.
- Entrepreneurs dream. Robinhood started off with an app and broke huge ground.
- Quick to start off by being an Introducing Broker. Basically resell IBKR or Lightspeed services but with your own website/branding/functionality.
- Red tape galore - lots of legalities, licensing, even more than all the above career paths as now you're openly advertising a brokerage website/services to the PUBLIC.
- Full on business - end of discussion.
- Probably going to need lots of employees to help you with everything.
- Probably need a lot more than the minimum FINA capital requirements realistically.
- Not for the faint of the heart.
Pros:
- Your customers now can gamble on Reg-T margined Options by placing their own trades.
- It's your money at line if your customers blow up and you can't recover your customers assets.
- By allowing options trading - you become a member of the OCC - Options Clearing Corporation, which backs all option contracts. Legally the OCC is the buyer and seller of all options and they guarantee the performance if an individual busts an account. You might have OCC member payments due if another brokerage goes bankrupt to ensure the integrity of the options clearing corporation.
Requirements: Maintaining $25,000,000 net liquidation at all times AFTER RISK BASED HAIRCUTS - ie a brokerage firm has to have $25m AFTER the SPX drops 20%!
Pros:
- Your customers can now have PM! If ya'll don't like the current offerings of TDA, Charles Scwhab, etc., if you can collectively get $25m together for a firm we can start a new PM Traders Brokerage.
- You're required to pass the SPX Beta Test as a brokerage firm and also if you want to be a TPH (Trading Permit Holder) of CBOE - you're required to pass that with +40% vix levels too! Now you know why TDA is on our butts about passing the SPX Beta Test as they collectively have to pass as well per exchange rules!
- Capital Calls - Biggest issue I've found for brokers offering PM is if your equity falls due to your customers' trading - you have to get more equity within 5 business days for each million you're under $25m. That means you will be having to establish credit lines with Goldman Sachs and the like to fund these additional capital calls. More risky your PM customers are = more credit you have to borrow from the investment bankers. This equity is based off your biggest loss - most likely a 20% downward move in SPX.
- $1m equity per PM customer at max loss on TIMS. In addition to $25m firm equity - each PM customer that signs up requires you to get $1m of equity per PM account - may be drawn as a line of credit as well. So if you have a PM customer with $2.5m equity but they're looking at a $5m total loss on a 20% down move on SPX, you'll need to match $3m of your own money to that account (rounded up to nearest $1m.) This is also due within 5 days of risk breach. This explains Lightspeed's Maximum Dollar Risk Rules
- If your retail customers blow up a PM account and you can't recover funds from them - your own money is at risk.
Prime Brokers List
Here's a list of Prime Brokers, in no particular order:- Lightspeed (also has PM) - https://lightspeed.com/institutional-services/prime-brokerage
- Bank of America Merrill Lynch - ML Prime - https://markets.ml.com/login/mlprime
- DASH (also offers PM) - https://dashprime.com/
- Goldman Sachs - https://www.goldmansachs.com/what-we-do/FICC-and-equities/prime-services/index.html
- Interactive Brokers - https://www.interactivebrokers.com/en/trading/prime-broker-services.php
- Morgan Stanley Matrix (might also offer PM) - https://www.morganstanley.com/matrixvision/
Execution Providers List
Here is a list of Execution Providers - broker-dealers that you can execute away trades with for more efficiency without being a member of an exchange yourself:- Matrix Executions - https://www.matrixexecutions.com/
- Trading Technologies - https://www.tradingtechnologies.com/
- Dynamex Trading & Execution - https://dynamextrading.com/cmta-dvp-agreements/
- Wolverine Execution Services - https://www.tradewex.com/Home/Execution
Summary
I have covered the whole spectrum of career advances past Portfolio Margin. Just like retail trading went cash -> margin -> options margin -> pattern day trader -> portfolio margin. I've unlocked three new career paths in the market should you choose to pursue them with your trading gains.Individual Trading:
- $50k - Prop Shops might allow you to have PM at this level.
- $100k - Floor TradeBroker OG Portfolio Margin Account
- $125k - Retail PM Account
- $500k - Prime Brokerage Unlocked
- $5m - Prime Brokerage Unleashed
- $250k - Options/Individual Stocks Market Making with PM. Can Market-Make for a DPM
- $1m - Lead Market Maker - Slightly Better Market Making?
- $7m - Designated Primary Market Maker - Citadel Level of Market Making
- $100k - Floor Broker OG PM Account (PM trades on behalf of others)/Introducing Brokers (equity only)
- $1m - Offer Reg-T Options Trading to your customers to place their own trades
- $25m - Offer PM Trading to your customers to place their own PM margin trades
Of course, just because the regulations lets you start a prime broker account at $500k, market making at $250k, or a full on brokerage offering PM at $25m, remember these are the minimums. Suffer a $1 loss and it's a margin call, wire in more funds or you have to stop doing that activity! I'd recommend at least doubling the above figures if you want to be self-sufficient in it and survive typical 2008 era drawdowns:
$1m for realistically exploring prime-broker services $10m for prime-brokers unleashed
$500k to start market-making $14m-$20m if you want to start a HFT Options MM firm.
$50m - $100m if you want to start a new brokerage firm and offer portfolio margin.
Sources
FINRA Portfolio Margin FAQFINRA Net Capital Rules
CBOE C1 Exchange Rulebook
CBOE Market Making Program
2023.01.05 01:18 Adderalin What's next after Portfolio Margin? The Potential Trading Career Paths Ahead For You
Many people think Portfolio Margin is just the end game or final destination on their own path through trading. Take a minute to reflect through your own path of discovery of unlocking more margin, more power, yet with more responsibility.
For me, my own path:
I'm going to open the door for everyone. The path does not end with retail Portfolio Margin. I was really excited to have hit $250k in my account a second time (highest in taxable was $400k b4 house, $330k after house.) I'll tell you why:
There is more portfolio margin offerings past the initial offerings of TD Ameritrade and the like! Getting Retail PM is just another step on a journey of your trading career path however you want it to be.
For instance - being on Portfolio Margin at TD Ameritrade they expect you to know the house rules, the Short Unit Test, Point of No Return rules (PNR), and so on. They're friendly to talk you through it and explain it of course. The whole idea though is with greater margin/leverage/risk comes greater responsibilities.
I've separated the two career paths into the "less regulated path" - this is blending still largely retail trading (your option orders will still be marked non professional) but expectations to complying with the above frameworks and not giving your broker a heart attack, to the more regulated path where you have licensing requirements, exams, tests and if you fuck up its much easier for fines/exchange censures/etc.
Of course - you can stick to regular portfolio margin! Many people can and do. I just haven't seen any post like this anywhere on Reddit OR the internet at all. I want to share with you all!
On the less regulated path this is obtaining a prime-brokerage account. If you're able to maintain $500k net-liq (per OCC overnight values) by the close of each trading day you unlock some major major benefits. The biggest benefits getting a prime brokerage account is:
Different prime brokers might have much better locates available than what TD Ameritrade has if you're a short seller. If you have a really profitable options trading strategy but are annoyed that TOS seems to take 1-2 seconds to route your orders - you can find a good Direct Market Access broker that is already colo-located with the exchange you like to trade.
You might also get some extra margin relief vs TD Ameritrade gives you.
Regulation issues you might face at this level:
This is the grand-daddy prime brokerage account. At this level the handcuffs come off. You can do anything a hedge fund can do. The options are endless:
All the steps here on this path require licensing - full stop. Licensing requires a lot of study, regulations, background checks, a moral and ethical code, good moral character, possible restrictions on trading in your own accounts, possible restrictions on strategies, leverage controls, risk management, and so on. You'll be registering with a ton of regulatory bodies (the SEC, FINRA, Exchanges, SIPC, etc) depending on what you want to do. From this point you'll be paying pro data fees for your home account, pro data fees for anything else, etc.
At this level - you are beginning to be treated less as an individual and more as a firm the more you progress.
The benefits are mentorship, community, organization, learning from people who have done it before you, and so on.
This guide will cover the Net Capital Rules
Proprietary Trading Requirements: $0 to $50k+
So, I debated mentioning prop trading or not. Most shops suck ass and stick traders to reg-t limits with risk controls. However in my interview circuit one VERY REPUTIABLE firm was willing to let me have PM at $50k with my money gone first with haircuts, 1 year before I could withdraw my deposit. They didn't allow ANYONE to trade options but they reviewed my brokerage statements and felt safe with me given my track record/so on. I decided against it as they wanted a 80/20 split where they'd take 20% profit. Secondly - risk controls seemed too great for me. Third - wanted monthly reports on the strategy while equity traders were 100% discretionary with no reports. They offered up to 10x leverage for equities, and 30x with written permission for stuff like merg-arb.
Pros:
This was the OG portfolio margin back in the day. Get your various series licenses, pass a written and oral exam, and you get to trade on the floor, with all the leverage available to you. What is the difference between a floor trader and a floor broker? A floor trader trades for his own account. A floor broker trades for other peoples' accounts.
Pros:
Market Maker Requirements: Maintaining $250,000 net liquidation at all times What brokers like to see: $500k+ (survive 50% drawdown)
So for $250k you can get PM and be an actual Market Maker in options or equities! Yup, for that low of $250k! Robert Morse covers a crap ton of market maker advantages that are just crazy! I'll post these here and add on my own:
Pros:
Designated Primary Market Maker Requirements: Maintaining $7,000,000 net liquidation at all times
Formerly known as a specialist - You're now swimming with the big boys - Citadel and the like. Achieving this level means you are the official market maker for one or more stocks with the exchange(s) you have a seat on. If you're doing equities - you are the point of contact for your stock. You're the point of contact for the options or the stock for the exchange it is listed on.
For options I'm still really in the dark as to what level this gives you in terms of advantages over better selection of stocks and so on to market make in.
Pros:
This is the final career path in the more regulated side. If your trading edge has died and you can't mine the gold yourself, you still can sell the pick axes and shovels. FINRA requires $100k of net capital and licensing, and your state(s) might require more. The same Floor Broker stuff we talked about. If you're tired of all the options available in brokers - slow routing, bad APIs, etc, you can say hit up Interactive Brokers and mark up their fees by 15x if you have some new innovative take on being a broker and can attract a ton of client accounts and so forth:
Client markups by introducing brokers are limited to 15 times IBKR's highest tiered rate plus external fees.
This last section is talking about opening up another Robinhood/TD Ameritrade brokerage business, etc for the Public. You can already privately trade on PM for a lot less as a regulated floor broker.
Pros:
Pros:
Requirements: Maintaining $25,000,000 net liquidation at all times AFTER RISK BASED HAIRCUTS - ie a brokerage firm has to have $25m AFTER the SPX drops 20%!
Pros:
Individual Trading:
Of course, just because the regulations lets you start a prime broker account at $500k, market making at $250k, or a full on brokerage offering PM at $25m, remember these are the minimums. Suffer a $1 loss and it's a margin call, wire in more funds or you have to stop doing that activity! I'd recommend at least doubling the above figures if you want to be self-sufficient in it and survive typical 2008 era drawdowns:
$1m for realistically exploring prime-broker services $10m for prime-brokers unleashed
$500k to start market-making $14m-$20m if you want to join HFT firms.
$50m - $100m if you want to start a new brokerage firm and offer portfolio margin.
FINRA Net Capital Rules
CBOE C1 Exchange Rulebook
CBOE Market Making Program
submitted by Adderalin to test [link] [comments]
For me, my own path:
- 2010: $5,000 opened my first brokerage account, an Roth IRA account at Vanguard and googled around, found Bogleheads. Was passive investor for a while and insanely focused on career.
- 2013: Discovered Reddit and /financialindependence changed my life.
- 2014: $5,000 opened cash taxable brokerage account. Got hit with a freeriding violation, googled that shit, enabled margin. Discovered /wallstreetbets lost money buying 50% OTM GILD calls. Kept to passive investing.
- 2016: Took selling theta seriously (tasty-works style.) Started off spreads. At $10k TDA gave me naked options margin. Was annoyed with being limited to 4 day trades a day. Hit $25k in summer - mind blown that all a sudden TDA would let me spin it on up to $100k - 4x with intraday margin. Likewise TDA let me have Intraday Futures Margin by signing their form.
- 2016: Interview rounds in the whole industry from the biggest option firms in the world to the smallest prop firms. I toured them all. Two offers from two top option firms. I decided to shoot for portfolio margin instead.
- 2020: Unlocked Portfolio Margin
I'm going to open the door for everyone. The path does not end with retail Portfolio Margin. I was really excited to have hit $250k in my account a second time (highest in taxable was $400k b4 house, $330k after house.) I'll tell you why:
There is more portfolio margin offerings past the initial offerings of TD Ameritrade and the like! Getting Retail PM is just another step on a journey of your trading career path however you want it to be.
The Two Paths Ahead of You
So the two paths are both amazing career paths, however they both have one thing that I feel they share in common: the beginning of the end of retail trading. As you advance on these paths you'll face more regulations with the more privileges and reductions of margin you get. The further you go down these paths the less trading is "retail" and becomes more "professional."For instance - being on Portfolio Margin at TD Ameritrade they expect you to know the house rules, the Short Unit Test, Point of No Return rules (PNR), and so on. They're friendly to talk you through it and explain it of course. The whole idea though is with greater margin/leverage/risk comes greater responsibilities.
I've separated the two career paths into the "less regulated path" - this is blending still largely retail trading (your option orders will still be marked non professional) but expectations to complying with the above frameworks and not giving your broker a heart attack, to the more regulated path where you have licensing requirements, exams, tests and if you fuck up its much easier for fines/exchange censures/etc.
Of course - you can stick to regular portfolio margin! Many people can and do. I just haven't seen any post like this anywhere on Reddit OR the internet at all. I want to share with you all!
The Less Regulated Path
Prime Brokerage Account Unlock Requirement: Maintaining $500,000 net liquidation at all times What Brokers Like to See: $1m+ (so you can survive a 50% drawdown.)On the less regulated path this is obtaining a prime-brokerage account. If you're able to maintain $500k net-liq (per OCC overnight values) by the close of each trading day you unlock some major major benefits. The biggest benefits getting a prime brokerage account is:
- Allowed to execute away from your broker. You're still bound to PDT rules at $500k.
- Execution quality improvements - being allowed to execute away lets you connect directly to an exchange or send trades to multiple brokers!
- Since you can execute with multiple brokers - you can locate hard to borrow shares with different brokers. Execute short sells at IBKR, TDA, and others who have short inventory, etc!
- Possible access to dark pools/block trades.
- Access to better order types (Sadly enabling "advanced features" for PM at TDA gets rid of FOK - fill or kill!)
- Networking - Capital Introduction if you want to raise money to start a hedge fund.
Different prime brokers might have much better locates available than what TD Ameritrade has if you're a short seller. If you have a really profitable options trading strategy but are annoyed that TOS seems to take 1-2 seconds to route your orders - you can find a good Direct Market Access broker that is already colo-located with the exchange you like to trade.
You might also get some extra margin relief vs TD Ameritrade gives you.
Regulation issues you might face at this level:
- If you want to execute away at $500k - $5m - you have to provide a real time drop file of your trades, or use a broker that does so to ensure you don't violate PDT rules.
- Might have very specific custom agreements. Might need to retain legal advice if its your first time!
- If you prime-broker with Goldman Sachs they make you apply a value-at-risk stress test to your portfolio.
- If your software directly connects with an exchange they have specific testing requirements that you might have to hire a consultant for. You're also going to have to sign and agree to exchange requirements/rules/procedures vs being a retail trader who the broker is supposed to know most of this.
- TONS of regulations if you want to start a hedge fund and invest OPM - other people's money.
This is the grand-daddy prime brokerage account. At this level the handcuffs come off. You can do anything a hedge fund can do. The options are endless:
- Get full TIMS margin. Lightspeed offers that for $5m+ - No additional 20% of exchange mandated portfolio margin requirement
- PDT rules don't apply to $5m+ prime brokerage accounts. Go nuts making large day trades. Must close above $5m each day.
- If you want to self clear - you get access to STANS margin (lets you offset risk with futures positions.)
- Definitely full access to any dark pools and block trading at this level. Have nuts placing a buy order of 200,000 of MSFT, getting the average price of the last 5 minutes of retail trades, and your 200k share buy doesn't affect the market until after the print of the trade.
- You have the same trading privileges of any hedge fund - so you can start one yourself if you want to!
- You might be subject to Large Trader Reporting - essentially the SEC will review all of your trades if you trade 2 million shares or $20 million in a day, or 20 million shares/$200 million in a month. Easy to cross this threshold if you hit $5m with a 4x PDT strategy!
- Did you know options have position limits? Some are as low as 25,000 contracts!
- If you self clear - tons of regulations!
- If you use dark pools - tons of regulations on how you access and use these systems. HFT firms get kicked out all the time by abusing stuff like sending FOK orders to probe dark pool liquidity... then get invited back as they were actually helping with liquidity... then getting kicked off again as they front-ran the limbering institutional inside there too much.
- If you start a hedge fund and take other peoples' money - shit ton of regulations. Good luck!
- If you hire other traders - make sure they don't start spoofing or creating manipulative trades on behalf of your firm! Now you have to conduct your own surveillance activities.
The More Regulated Path
Did you know Portfolio Margin existed for Clearing Firm members in 1986? Did you know you could have traded on Portfolio Margin as early as ~1994 if you got floor access to the various exchange trading floors? At the time it was called risk based haircuts. Portfolio Margin evolved to give retail the same advantages and risks that Floor Traders and Floor Brokers have been enjoying for years and years!All the steps here on this path require licensing - full stop. Licensing requires a lot of study, regulations, background checks, a moral and ethical code, good moral character, possible restrictions on trading in your own accounts, possible restrictions on strategies, leverage controls, risk management, and so on. You'll be registering with a ton of regulatory bodies (the SEC, FINRA, Exchanges, SIPC, etc) depending on what you want to do. From this point you'll be paying pro data fees for your home account, pro data fees for anything else, etc.
At this level - you are beginning to be treated less as an individual and more as a firm the more you progress.
The benefits are mentorship, community, organization, learning from people who have done it before you, and so on.
This guide will cover the Net Capital Rules
Proprietary Trading Requirements: $0 to $50k+
So, I debated mentioning prop trading or not. Most shops suck ass and stick traders to reg-t limits with risk controls. However in my interview circuit one VERY REPUTIABLE firm was willing to let me have PM at $50k with my money gone first with haircuts, 1 year before I could withdraw my deposit. They didn't allow ANYONE to trade options but they reviewed my brokerage statements and felt safe with me given my track record/so on. I decided against it as they wanted a 80/20 split where they'd take 20% profit. Secondly - risk controls seemed too great for me. Third - wanted monthly reports on the strategy while equity traders were 100% discretionary with no reports. They offered up to 10x leverage for equities, and 30x with written permission for stuff like merg-arb.
Pros:
- Quickest route to actual leverage past reg-t limits without having $ for PM.
- Possibly K-1 or 1099. If 1099 it's self employment income allowing you to contribute to a solo 401k. If it's k1 its pass-through cap gains. The firm that offered me PM was cap-gains.
- Mentorship.
- Charges a ton for trade fees (huge markup over IBKR, clearly a profit center for them), software fees (huge markup over IBKR), pro data fees (another markup), and so on. I'd say 2x.
- Questionable how profitable you'd be with 2x markup on everything.
- Licensing - 1 or more series licenses as you're trading other peoples money (firm money). At this level though you're going to be mentored like crazy, risk monitored like crazy, and subject to real risk controls.
This was the OG portfolio margin back in the day. Get your various series licenses, pass a written and oral exam, and you get to trade on the floor, with all the leverage available to you. What is the difference between a floor trader and a floor broker? A floor trader trades for his own account. A floor broker trades for other peoples' accounts.
Pros:
- MAJOR Tax Advantages. Owning/Leasing a seat on an options exchange makes your option trades 60/40 long-term/short term capital gains tax with NO wash sales.
- Before retail-PM came about in 2007 this was the ONLY way to get Portfolio Margin like relief. If you're ever in a time traveling situation now you know how to get PM if you've found yourself in the past.
- Besides tax advantages - The biggest thing you get today being a floor trader is access:
- Access to dark pool systems much quicker than $500k/$5m above retail-prime-brokerage cutoffs.
- Access to placing orders directly on exchanges much quicker than $500k/$5m cutoffs.
- Access to upstairs liquidity providers - if you're trading 1,000 contracts you can get some quotes on a bid and ask for both sides from other floor brokers/floor traders, possibly better pricing than the electronic markets.
- Access to other professionals - sharing an office, and so on.
- Floor Broker: Get paid to run other peoples accounts/trade on their behalf for commission/fees/etc.
- Marked "floor" for option orders. (yup there's actually 3 markings of trades! retail, professional, and floor!)
- Have to buy/lease a seat. Expensive $$$
- Approved software that interacts with exchanges is expensive. $$$
- Writing your own software has testing requirements that's less expensive. $
- Have to get licensed/take tests. Floor trader = way less regulations (CBOE manual goes back and forth on requiring a floor TRADER to have a series license since they're trading their own account - might have to phone call them.)
- In a professional environment - I'm not sure what the mentorship is like for a floor trader vs the MM route. My gut feeling its more swimming on your own.
- Subject to exchange fines.
- In the past physical presence was required - you had to physically trade on the floor. I'm not sure how it is today post covid if it's still the same if you go this route. CBOE appears to be relaxing the requirement for floor presence, especially if you trade your own account. YMMV with other exchanges (nasdaq, NYSE, etc.)
- You've taken professional tests. You've paid professional dues. You've gotten professional tax advantages. You'll be upheld to much more regulations than a retail WSBer spinning $100k in a PM account.
- Significant regulations if you go the floor broker route. Floor trader is mostly regulations around system access and so on since you're trading your own account.
Market Maker Requirements: Maintaining $250,000 net liquidation at all times What brokers like to see: $500k+ (survive 50% drawdown)
So for $250k you can get PM and be an actual Market Maker in options or equities! Yup, for that low of $250k! Robert Morse covers a crap ton of market maker advantages that are just crazy! I'll post these here and add on my own:
- Option Market Makers income is 60% capital gain/40% short term (same as a floor trader.)
- Option Market Makers are taxed based on MTM with no wash sales (same as a floor trader.)
- Option Market Makers do not require a located on HTB stocks to sell short-customers do.
- Option Market Makers are not required to tag bid/offers as open/close-customers must.
- Option Market Makers get market maker margin which is better than Portfolio Margin
- Option Market Makers can change many bids/offer with a single message-non-members have to cancel/replace each order
- Inspect the order book! Yup! Market Makers get to see the entire order book - hidden orders, firm flags (IBKR orders, TD Ameritrade orders), professional status of the order (retail, professional, floor), Order Flags("Buy to close vs Buy to Open) and so on. Yes Market Makers can tell the difference between a Robinhood Order, a TD Ameritrade Order, and an IBKR Order!
- Inspect the Complex Order Book (COB) - Now you can see all the resting spreads. Feel free to pick off the profitable spreads!
- Send responses to Price Improvement Auctions. Did you know Price Improvement Auctions actually ping market makers asking them to submit a bid or an offer?
- Still have the ability to trade for other firms like prop-trading. You can join a Designated Primary Market Maker like Citadel and market-make under them with your $250k net-liq market-making permit.
- Have the ability to respond to flash orders. Market Makers get to see orders for 50 ms before the public do for orders routed to the CBOE Exchange. The SEC Banned Flash Orders in 2009 but if we look at the CBOE's Step-Up Mechanism we see flash orders are alive and well on options exchanges! "Cboe SUM Auctions provide execution opportunity by exposing marketable orders prior to (1) routing to an away market, (2) canceling an order back or (3) booking the order on the Exchange. The period of time the SUM Auction order will be exposed is 50 ms."
- Buy or lease a seat on the exchange you want to Market Make.
- Expensive. Professional accounting REQUIRED - $1k - $1.5k/mo.
- Market-Making software is rare like Actant Quote - $3.5k/mo
- Probably $12k/mo in business expenses all-in given all the regulations, clearing, etc.
- Subject to exchange fines.
- Delta hedging required/strongly suggested at these low levels.
- Restricted from Acting as a Market Maker and Floor Broker(Trader) in Same Security/Related Securities in the Same Business Day.
- Need broker-dealer licensing. Full stop - from here on you're fully licensed and subject to a lot more red tape.
- You're treated as a firm. Even if it's all just you as a sole-proprietorship - this is the end of individual trading. From here on you are now a firm.
- Required to have your books and records open to inspection of the exchanges you market-make with. Yup - the exchanges get to inspect all your accounting and every trade/order!
- Need professional accounting - see above why.
- Subject to quoting requirements. At this level you are told by your Lead or Designated Market Maker which options and series to quote per the exchange rulebook's time and series quoting requirements. For instance if you join CBOE they require 90% of time and 60% of series (strikes) for quoting options. If you join NYSE they are much more relaxed - 60% of time of quoting and no % of series requirements.
- Firewall Requirements - if your firm also does prop trading they CANNOT know about the market-making sides. Imagine the advantage it gives knowing the order book. It's such an issue that Madoff hid his ponzi scheme for years by successfully misleading the SEC by making them think there was a firewall leak between his legit market-making side of his firm and his legit prop-side of the firm.
- "Except under unusual circumstances and with the prior permission of a Floor Official, no Trading Permit Holder shall, on the same business day, act as a Market-Maker and also act as a Floor Broker (i) with respect to option contracts traded at a given station, or (ii) in any security determined by the Exchange to be related to such a security."
- Market Making at this level feels more like prop-trading in that there is mentorship but you're trading your own capital and not other peoples' capital but it's also very competitive. Exchange rulebooks require competition between Market Makers.
Pros:
- Get to quote more stocks/option classes
- Possibly boss around Market Makers if you're trading for a Designated Primary Market Maker like Citadel?
- Nothing I can think of much that wasn't already covered.
Designated Primary Market Maker Requirements: Maintaining $7,000,000 net liquidation at all times
Formerly known as a specialist - You're now swimming with the big boys - Citadel and the like. Achieving this level means you are the official market maker for one or more stocks with the exchange(s) you have a seat on. If you're doing equities - you are the point of contact for your stock. You're the point of contact for the options or the stock for the exchange it is listed on.
For options I'm still really in the dark as to what level this gives you in terms of advantages over better selection of stocks and so on to market make in.
Pros:
- Corner the market... literally on your exchange, per CBOE C1 Rulebook: "Only one DPM may be appointed per class."
- Ability to participate in payment for order flow. Given your size brokers will be happy to sign PFOF agreements.
- Huge advantages for equity traders being the source of liquidity. I'm not sure on the options side vs what we already covered above.
- At the $7m level it looks like it's possible that delta hedging isn't required, given SIG recently getting in trouble for violating option position limits. Either way - they used market-making to build up speculative positions instead of delta hedging them.
- You can obtain Market-Making permits and hire individual market makers to help you make markets.
- Better be careful what you pick to be a DPM of: "A DPM's allocation in an option class or group of classes is non-transferable unless approved by the Exchange."
- SEC just nuked Payment for Order Flow.
This is the final career path in the more regulated side. If your trading edge has died and you can't mine the gold yourself, you still can sell the pick axes and shovels. FINRA requires $100k of net capital and licensing, and your state(s) might require more. The same Floor Broker stuff we talked about. If you're tired of all the options available in brokers - slow routing, bad APIs, etc, you can say hit up Interactive Brokers and mark up their fees by 15x if you have some new innovative take on being a broker and can attract a ton of client accounts and so forth:
Client markups by introducing brokers are limited to 15 times IBKR's highest tiered rate plus external fees.
This last section is talking about opening up another Robinhood/TD Ameritrade brokerage business, etc for the Public. You can already privately trade on PM for a lot less as a regulated floor broker.
Pros:
- Opening a brokerage business TO THE PUBLIC - to allow the public to place trades, instead of trading on behalf of other people.
- Possibly get lots of passive income from non-invested money, lending out shares to short, fee markups/etc.
- Entrepreneurs dream. Robinhood started off with an app and broke huge ground.
- Quick to start off by being an Introducing Broker. Basically resell IBKR or Lightspeed services but with your own website/branding/functionality.
- Red tape galore - lots of legalities, licensing, even more than all the above career paths as now you're openly advertising a brokerage website/services to the PUBLIC.
- Full on business - end of discussion.
- Probably going to need lots of employees to help you with everything.
- Probably need a lot more than the minimum FINA capital requirements realistically.
- Not for the faint of the heart.
Pros:
- Your customers now can gamble on Reg-T margined Options by placing their own trades.
- It's your money at line if your customers blow up and you can't recover your customers assets.
- By allowing options trading - you become a member of the OCC - Options Clearing Corporation, which backs all option contracts. Legally the OCC is the buyer and seller of all options and they guarantee the performance if an individual busts an account. You might have OCC member payments due if another brokerage goes bankrupt to ensure the integrity of the options clearing corporation.
Requirements: Maintaining $25,000,000 net liquidation at all times AFTER RISK BASED HAIRCUTS - ie a brokerage firm has to have $25m AFTER the SPX drops 20%!
Pros:
- Your customers can now have PM! If ya'll don't like the current offerings of TDA, Charles Scwhab, etc., if you can collectively get $25m together for a firm we can start a new PM Traders Brokerage.
- You're required to pass the SPX Beta Test as a brokerage firm and also if you want to be a TPH (Trading Permit Holder) of CBOE - you're required to pass that with +40% vix levels too! Now you know why TDA is on our butts about passing the SPX Beta Test as they collectively have to pass as well per exchange rules!
- Capital Calls - Biggest issue I've found for brokers offering PM is if your equity falls due to your customers' trading - you have to get more equity within 5 business days for each million you're under $25m. That means you will be having to establish credit lines with Goldman Sachs and the like to fund these additional capital calls. More risky your PM customers are = more credit you have to borrow from the investment bankers. This equity is based off your biggest loss - most likely a 20% downward move in SPX.
- $1m equity per PM customer at max loss on TIMS. In addition to $25m firm equity - each PM customer that signs up requires you to get $1m of equity per PM account - may be drawn as a line of credit as well. So if you have a PM customer with $2.5m equity but they're looking at a $5m total loss on a 20% down move on SPX, you'll need to match $3m of your own money to that account (rounded up to nearest $1m.) This is also due within 5 days of risk breach. This explains Lightspeed's Maximum Dollar Risk Rules
- If your retail customers blow up a PM account and you can't recover funds from them - your own money is at risk.
Prime Brokers List
Here's a list of Prime Brokers, in no particular order:- Lightspeed (also has PM) - https://lightspeed.com/institutional-services/prime-brokerage
- Bank of America Merrill Lynch - ML Prime - https://markets.ml.com/login/mlprime
- DASH (also offers PM) - https://dashprime.com/
- Goldman Sachs - https://www.goldmansachs.com/what-we-do/FICC-and-equities/prime-services/index.html
- Interactive Brokers - https://www.interactivebrokers.com/en/trading/prime-broker-services.php
- Morgan Stanley Matrix (might also offer PM) - https://www.morganstanley.com/matrixvision/
Execution Providers List
Here is a list of Execution Providers - broker-dealers that you can execute away trades with for more efficiency without being a member of an exchange yourself:- Matrix Executions - https://www.matrixexecutions.com/
- Trading Technologies - https://www.tradingtechnologies.com/
Summary
I have covered the whole spectrum of career advances past Portfolio Margin. Just like retail trading went cash -> margin -> options margin -> pattern day trader -> portfolio margin. I've unlocked three new career paths in the market should you choose to pursue them with your trading gains.Individual Trading:
- $50k - Prop Shops might allow you to have PM at this level.
- $100k - Floor TradeBroker OG Portfolio Margin Account
- $125k - Retail PM Account
- $500k - Prime Brokerage Unlocked
- $5m - Prime Brokerage Unleashed
- $250k - Options/Individual Stocks Market Making with PM. Can Market-Make for a DPM
- $1m - Lead Market Maker - Slightly Better Market Making?
- $7m - Designated Primary Market Maker - Citadel Level of Market Making
- $100k - Floor Broker OG PM Account (PM trades on behalf of others)/Introducing Brokers (equity only)
- $1m - Offer Reg-T Options Trading to your customers to place their own trades
- $25m - Offer PM Trading to your customers to place their own PM margin trades
Of course, just because the regulations lets you start a prime broker account at $500k, market making at $250k, or a full on brokerage offering PM at $25m, remember these are the minimums. Suffer a $1 loss and it's a margin call, wire in more funds or you have to stop doing that activity! I'd recommend at least doubling the above figures if you want to be self-sufficient in it and survive typical 2008 era drawdowns:
$1m for realistically exploring prime-broker services $10m for prime-brokers unleashed
$500k to start market-making $14m-$20m if you want to join HFT firms.
$50m - $100m if you want to start a new brokerage firm and offer portfolio margin.
Sources
FINRA Portfolio Margin FAQFINRA Net Capital Rules
CBOE C1 Exchange Rulebook
CBOE Market Making Program
2022.11.14 08:05 ArmyofSpies Cardano Rumor Rundown November 14, 2022
Hey Everyone!
Let’s go….
Newly Covered Today:
submitted by ArmyofSpies to cardano [link] [comments]
Let’s go….
Newly Covered Today:
- The Cardano Summit registration for virtual attendance is now open. The Summit will run Nov. 19-21st. https://twitter.com/Cardano/status/1591793019975397377
- Cardano development stats are looking very nice (Nov 14). https://twitter.com/InputOutputHK/status/1591822447346536449
- IOG’s virtual ScotFest will be happening right before the Summit Nov 18-19. Kickoff will be 10:00 AM GMT on the 18th. Keynote from Charles at 2pm GMT on the 18th. https://iohk.io/scotfest/
- Apparently, Crypto.com says it accidentally sent $400 million to Gate.io and then had to ask Gate to send it back. People should be asking some serious questions about controls at crypto.com. https://twitter.com/kris/status/1591605600638881792
- BlockFi appears to be impacted by the FTX/Alameda implosion. https://twitter.com/BlockFi/status/1590875997351866368
- Carda Station has a treasure hunt going on inside their metaverse! https://twitter.com/Carda_station/status/1591462387776888833
- A large ETH podcast gets called out and ratioed hard for its past behavior in the context of current events. https://twitter.com/StakeWithPride/status/1591500079873265665
- The IOG Lace Presentation from Rare Bloom can be found here: https://youtu.be/eBH34WkU_2w?t=14556
- Apparently, you can make paper wallets in NMKR. https://twitter.com/nmkr_io/status/1581765372511866880
- According to MEVWatch, 53% of all blocks in ETH are now enforcing OFAC sanctions. Censorship resistance is no longer a thing in ETH. https://www.mevwatch.info/ https://twitter.com/koeppelmann/status/1580893089077809153
- The Mango Markets events have definitely taken an interesting turn. https://twitter.com/avi_eisen/status/1581326197241180160
- US Senator Hickenlooper of Colorado has requested that the SEC provide a formal regulatory process for cryptocurrencies. It would be nice to have the clarity. But, the SEC is definitely not the preferred regulator on our side of the fence. https://news.bitcoin.com/us-lawmaker-calls-on-sec-to-issue-crypto-regulations-says-a-formal-regulatory-process-is-needed-now/
- Book.io has just closed an investment from BDMI a venture capital firm which is a wholly owned subsidiary of the global media, services and education company Bertelsmann. https://www.prnewswire.com/news-releases/bdmi-invests-in-bookio-the-first-ever-nft-ebook-platform-301650304.html https://twitter.com/book_io/status/1582045180571836418
- SEC Commissioner Hester Peirce lays out the contours of what NFTs could possibly be deemed securities by the SEC. https://www.ft.com/content/e8df6ea4-e9fb-4058-9a36-cef9c12f4726
- Here’s a great discussion on what exists or will exist in Cardano to prevent widespread MEV type sequencing of transactions. https://twitter.com/liberlion17/status/1581409081276833793
- Texas securities regulators are “now investigating FTX Trading, FTX US, and their principals, including Sam BankmanFried.” https://cases.stretto.com/public/x193/11753/PLEADINGS/1175310142280000000134.pdf https://www.barrons.com/articles/ftx-us-sam-bankman-fried-probe-securities-regulator-51666020282
- Curious why your “crypto attorney” never seems to give you actionable advice. Here’s the thread for you from the Chief Legal Officer of Kraken. https://twitter.com/msantoriESQ/status/1582033096345817088
- There was a fairly small exploit of RayStake (roughly 412k ADA). Here’s the post-mortem. https://raynetwork.medium.com/franken-attack-80140b63749f
- Here’s a very interesting article on whale behavior on DEXs. https://twitter.com/SpectrumLabs_/status/1582067954132262912
- Coinbase will now allow you to mint NFTs. https://twitter.com/brian_armstrong/status/1582447497431068673
- Bitboy now thinks Cardano will flip Ethereum (eventually). https://twitter.com/Bitboy_Crypto/status/1581377266403065856
- An Ape Society NFT sold for 180k ADA. https://twitter.com/TAS_SalesBot/status/1582453748462649344
- An amicus brief in the Ooki DAO case is now challenging whether a DAO can be considered a legal “person”. https://www.coindesk.com/policy/2022/10/18/daos-arent-people-crypto-lawyers-tell-court-in-cftcs-ooki-case/
- It looks like the Aptos launch was accompanied by something far less than glowing praise. https://twitter.com/ParadigmEng420/status/1582121408548651009
- Greenland is looking into blockchain voting. https://www.computerweekly.com/news/252526273/Greenland-investigate-potential-blockchain-based-election-system
- The next FutureFest concert is going to be a multi-destination concert with several venues all built on Unity. https://twitter.com/unitygames/status/1582370930709274624
- All of the beachfront parcels on Spy Island in REACH are now gone. https://www.market.reachmetaverse.org/map
- The LexPunk Army is making public a copy of the Digital Commodities Consumer Protection Act that is making the rounds in Washington. https://github.com/LeXpunK-Army/Crypto-CaseLaw/blob/main/DCCPA%20Markup%20Latest%2010.19.22.pdf
- Here’s some great analysis on the leaked DCCPA draft. https://twitter.com/ianDAOs/status/1582897980935266304
- SBF floats his ideas on crypto regulation and people aren’t happy about it. https://www.ftxpolicy.com/posts/possible-digital-asset-industry-standards https://twitter.com/SBF_FTX/status/1582835426116575235
- Liqwid’s Agora code audit is 50% done. https://twitter.com/DCdoso/status/1583152577079701505
- It looks like the new info coming out of the SEC on NFTs is already having an effect on decisions made by NFT projects. https://twitter.com/Canadian4Crypto/status/1583090643043516416
- ADA Realm just did something really important. They made a beach bar and explicitly called it a “bar”. I approve. https://twitter.com/AdaRealm/status/1583190472591568896
- A certain youtube personality seems extremely angry at a certain Ethereum personality. https://twitter.com/WatcherGuru/status/1583202589654495232 https://www.youtube.com/watch?v=o2dhgZopyBs
- Even Representative Tom Emmer of the US Congress says we shouldn’t sacrifice decentralization or DeFi in the name of new crypto legislation. https://twitter.com/RepTomEmmestatus/1582915646157131779
- A user on FTX is reporting that he had $1.5MM USD stolen from his account. Another person is reporting a loss of $2MM USD. Brutal! The discussion seems to mention possible compromise of 3commas trading software API Keys by the attackers. The team behind 3Commas seems to be pointing to a phishing strategy by the attackers. https://twitter.com/littlesand2/status/1583830658203283456 https://twitter.com/3commas_io/status/1583571729628004352
- Shahaf Bar-Geffen makes a very important point about your future as an AI with whom your great grandchildren might interact. https://twitter.com/shahafbg/status/1584244982537277440
- Sam Bankman-Fried responds to a question about why FTX hasn’t listed spot ADA.
- Just the metrics examines Aptos as compared to more decentralized blockchains like Cardano. https://twitter.com/Soorajksaju2/status/1584133947227013120
- The ETH/EVM world is having a hard time right now trying to hash out how much of their DeFi is going to fall under the control of regulators. https://twitter.com/JonnyRhea/status/1584252081493667842 https://twitter.com/lex_node/status/1584180230297890817 https://twitter.com/SBF_FTX/status/1584184430117425152
- MuesliSwap has completed its transition to MuesliSwap v2! https://twitter.com/MuesliSwapTeam/status/1584650148273336320
- Liqwid mentions that they’ve been working with Platonic Systems and it has accelerated their launch timeline. https://twitter.com/liqwidfinance/status/1584587690712104960
- Apparently, Apple has decided that Apps in the App Store aren’t allowed to sell NFTs that unlock features in the App. https://twitter.com/wongmjane/status/1584609845570768897
- It’s reported that Twitter is working on a crypto wallet. People surmise this is an impetus for Elon’s purchase. https://twitter.com/CaitlinLong_/status/1584729157401202688
- The Pavia map is looking a lot fancier. https://pavia.io/map
- Reportedly, this video is of a fox walking past 10 Downing Street ( https://twitter.com/itvnews/status/1584976609232445440) as Rishi Sunak prepares to take his position as the next Prime Minister of the UK. No idea if this is actually current or if the fox was voluntarily there or planted. We already know that Rishi Sunak seems to be very pro-CBDC and likes BAYC more than Crypto Punks. Sunak is a familiar figure from back in April when, as Chancellor of the Exchequer he declared: “It’s my ambition to make the UK a global hub for cryptoasset technology…” https://twitter.com/hmtreasury/status/1468193641638207489 https://twitter.com/tier10k/status/1584635528695017472 https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub https://twitter.com/greyskulledm/status/1511026486798651393
- There are reports that the UK House of Commons also voted to treat cryptocurrencies as regulated financial instruments. Apparently there was even language around the inclusion of stablecoins. https://www.yahoo.com/now/uk-lawmakers-vote-recognize-crypto-153128469.html
- NMKR now has a function for you to auction off any NFT. https://twitter.com/nmkr_io/status/1584975658777972736
- Here’s the link if you missed the Rare Bloom Keynote from Charles. https://www.youtube.com/watch?v=TZ8K8FW72BA
- US cryptolaw is turning into the worst export ever. https://twitter.com/lex_node/status/1584962177739653121 https://twitter.com/brian_armstrong/status/1585001996490510336
- Nami Wallet Version 3.4.1 is out now! https://twitter.com/berry_ales/status/1585395882605903879
- Apparently, people are now paying for telemedicine on Cardano! https://twitter.com/Citaldoc/status/1583548196927983616?s=20&t=hK3-IVgaiGG7V7voRgiOuA
- Looks like A16Z is getting stung by this crypto winter! How do you say 40% mark down in their fancy abbreviation system? https://www.wsj.com/articles/andreessen-horowitz-went-all-in-on-crypto-at-the-worst-possible-time-11666769270
- Elon musk just walked into Twitter HQ with a literal sink in his hands saying “let that sink in”. This could have a significant impact on crypto if his purchase is related to the potential of Twitter as a payments network as some have surmised.
- Elizabeth Warren & AOC seem mad that crypto is now engaging in effective lobbying just like their buddies in big tech. https://punchbowl.news/wp-content/uploads/10.24-Letters-to-Regulators-re-Crypto-Revolving-Door.pdf https://www.opensecrets.org/members-of-congress/alexandria-ocasio-cortez/summary?cid=N00041162 https://www.opensecrets.org/members-of-congress/elizabeth-warren/summary?cid=N00033492
- The Monetary Authority of Singapore has proposed new crypto regulations with a special focus on stablecoins. https://www.mas.gov.sg/news/media-releases/2022/mas-proposes-measures-to-reduce-risks-to-consumers-from-cryptocurrency-trading-and-enhance-standards-of-stablecoin-related-activities
- Everyone who saw the “Day in the Life of a Meta PM” video comes away shocked at the -20% dive after the earnings report. Was the culprit rooftop avocado toast and lattes, the $3.9 billion lost on the metaverse, or the (currently) ill-fated stock buy back? Time will tell. (Oct 27). https://twitter.com/zerohedge/status/1585398981995233304 https://twitter.com/unusual_whales/status/1585376066713321472 https://twitter.com/zerohedge/status/1585374381211062273
- One of the AI generated Tim Beiko tweets is too accurate! https://twitter.com/TimBeiko/status/1585699510243950594
- Paypal just quietly reinserted the $2500 penalty if you engage in a transaction they think amounts to a “form[] of intolerance that is discriminatory”. https://twitter.com/WallStreetSilv/status/1585643176185823236
- The World Mobile Aerostat program is amazingly cool. https://twitter.com/WorldMobileTeam/status/1585715475690004481
- It looks like Army of Spies is in the running for the Educational Influencer award at the Cardano Summit 2022. Vote here: https://voting.summit.cardano.org/nominees
- Elon has consummated the transaction to acquire Twitter and the slaughter of executives has already begun. https://twitter.com/WallStreetSilv/status/158526910183167181
- IOG has released a new article on the pros and cons of changing the K parameter vs. changing the minimum fee for stakepools. https://www.essentialcardano.io/article/staking-parameters-and-network-optimization-where-next-for-k-and-min-fee https://twitter.com/InputOutputHK/status/1585600629740896257
- Even Forbes Crypto is now talking about how Cardano is #3 for NFT volume. https://twitter.com/ForbesCrypto/status/1586628979556917249
- World Mobile says it is looking to almost double the number of airnodes in Zanzibar by the end of the year. https://twitter.com/WorldMobileTeam/status/1586789320471576576
- The Cornucopias bridge from BSC to Cardano is coming today! (Oct 31). https://twitter.com/CornucopiasGame/status/1586849014611329024
- Don’t forget that the Cardano 360 for October is out and available. https://www.youtube.com/watch?v=hZRwLWKNNfQ
- Erik Voorhees crushes SBF’s logic by asking him to distinguish between KYC for DeFi front ends and KYC for email front ends. https://twitter.com/artofbagholding/status/1586117772005605376 https://twitter.com/ctaggstatus/1586104117197475844
- If front ends become a focus of regulation, we might have to move to headless dApps. https://twitter.com/ERG_Armeanio/status/1586423711350984704 https://youtu.be/temmjyKpsEU
- If you missed it check out this post from Pavia. It looks like you need to comment to get on the list for the Plaza test event. https://twitter.com/Pavia_io/status/1585939474030428160
- It looks like the Cornucopias bridge from BSC to Cardano is now live (as of Oct. 31). https://twitter.com/CornucopiasGame/status/1587110191031541761
- Check out the new weekly thread series “This Week in Cardano”. https://twitter.com/Soorajksaju2/status/1586813500596232193
- Sooraj & Laura will also have a new Cardano podcast coming soon. https://twitter.com/Soorajksaju2/status/1586998510892863488
- Somehow I totally missed this video preview of the cyberpunk themed district of the Pavia Plaza. https://twitter.com/Pavia_io/status/1580554201813618689
- Elon’s going to make the blue check mark accessible to all for $8 (or the purchasing power equivalent in your country) and also reward content creators. This could have significant effects on crypto ecosystems like Cardano that rely heavily on Twitter. https://twitter.com/elonmusk/status/1587498907336118274
- Virtua has given us a look at what the entire planet of Virtua Prime will look like including the location of Cardano Island in relation to the other land masses. https://twitter.com/VirtuaMetaverse/status/1587525839628951552
- Artifct has made a decision to shut down their marketplace. Hopefully, this will mean a focus on the moon metaverse project instead. https://twitter.com/ArtifctApp/status/1587168164336390144 https://discord.com/channels/882364185244237884/882374348638404628
- Here’s another teaser from the Pavia cyberpunk district. https://twitter.com/Pavia_io/status/1587476665516662784
- MuesliSwap has revealed some upcoming farming UI changes. https://twitter.com/MuesliSwapTeam/status/1587481326097207298
- Ardana has revealed a new roadmap. https://ardana.org/roadmap/ https://medium.com/@ardanaproject/roadmap-2-0-the-journey-to-ardana-ba59335c6303
- FutureFest just participated in the world’s first multi-destination virtual concert along with some other unity projects. https://twitter.com/futurefestxstatus/1587555369810731008
- ADA Realm is creating “The ADA Realm Council”. Anyone who holds a plot can join to help provide input into the development of the metaverse. https://discord.com/channels/903957555083087892/903971388812050462
- The U.S. Fed gave us another very unsurprising 75 basis point hike in the federal funds rate today (Nov. 2). This brings us to 3.75-4% which is the highest rate we’ve seen since January 2008. https://www.cnbc.com/2022/11/02/fed-hikes-by-another-three-quarters-of-a-point-taking-rates-to-the-highest-level-since-january-2008.html
- Apparently, Twitter has a program called Birdwatch that could be used to add “readers notes” to misleading tweets about Cardano. Maybe we should look into this to combat the psyops against Cardano. https://twitter.com/micsolana/status/1587774389264973826
- Crypto and the Howey Test are on a collision course. https://twitter.com/scotty2ten/status/1587620216938594304
- Here’s another case of a supposed news outlet trying to pretend like Cardano liquid staking isn’t the biggest and best out there. https://twitter.com/danny_cryptofay/status/1587761429607768064
- There is speculation that the November announcement might be the actual building of a PEReDi (Privacy Enhanced Regulated Distributed) CBDC. A CBDC that isn’t a panopticon does sound better than the alternative. https://iohk.io/en/research/library/papers/peredi-privacy-enhanced-regulated-and-distributed-central-bank-digital-currencies/ https://twitter.com/Northern_ADA/status/1587805885379842050
- For November surprise contenders, we also still have the speculation around BMW. https://twitter.com/seenwasad/status/1574144652902555652
- Looks like IOG just acquired the talents of Dr. Vanishree Rao who led development at Mina! You’ve heard Charles mention some of the innovative work done at Mina in his AMAs. https://twitter.com/timbharrison/status/1588183693599731718
- Goldman has teamed up with Coin Metrics to unveil a new crypto classification system they are calling Datonomy. Very clever Goldman: data + taxonomy. I’m sure you focus grouped the hell out of that one. https://www.cnbc.com/2022/11/03/goldman-sachs-unveils-crypto-classification-system-aimed-at-institutional-investors.html
- You can do Cardano smart contract transactions with your Ledger hardware wallet device on an experimental basis. https://twitter.com/Ledger_Support/status/1588114156401856517
- JP Morgan has now executed its first DeFi trade according to Bloomberg. https://twitter.com/ZeMariaMacedo/status/1588225282850390018 https://www.bloomberg.com/news/articles/2022-11-02/jpmorgan-executes-its-first-defi-trade-using-public-blockchain
- The way they’re currently structured and operating, a lot of DAOs may get smashed as regulators will just view them as on-chain corporations who sold early stage securities to non-accredited investors. https://twitter.com/lex_node/status/1588184594133749760
- Jpeg Store now has bundles. This will make it much easier for anyone trying to sell a metaverse estate. https://twitter.com/jpgstoreNFT/status/1588279773331001344
- Check out this intro to Demeter Run, a “cloud environment with all the tools for building & deploying your Cardano dApp”. https://twitter.com/DemeterRun/status/1582893470015844352
- Cardanians makes a really good point about Cardano having the largest team in crypto behind it. https://twitter.com/Cardanians_io/status/1588059198461558784
- a16z thinks social media needs three separate game modes from safe space to wild west and to be governed by its users. https://a16zcrypto.com/toppling-the-internets-accidental-monarchs-how-to-design-web3-platform-governance/
- There’s a whole crypto twitter drama happening right now with the finances of FTX and Alameda that has apparently led to Binance announcing that they will sell their FTX Token holdings (Nov. 6). https://twitter.com/JohnEDeaton1/status/1589305305388621824 https://twitter.com/cz_binance/status/1589283421704290306 https://twitter.com/DU09BTC/status/1589135270103773184
- Colin from Obsidian and Lode Wallet gives us an early look at Hydra. https://twitter.com/osColinH/status/1588890270149783553
- There’s trouble in DeFi land as it’s pointed out once again that LPing in AMMs seems to very frequently involve impermanent losses outpacing fee revenue. In this case, it’s asserted that the lab behind the AMM didn’t even understand the extent of the problem due to a mismeasurement. Of course, the prospect of new DEXs with impermanent loss mitigation brings something new to the table. https://twitter.com/thiccythot_/status/1589022227437039616 https://twitter.com/ravanave/status/1589264438087266305
- LBRY announces that they lost in their case with the SEC. The ruling is pretty much the opposite of what everyone was hoping. https://twitter.com/LBRYcom/status/1589645453091827712 https://odysee.com/@lbry:3f/secvslbrysummaryjudgementruling:a
- Virtua’s mobile app is coming today (Nov 8). I’m curious to see how much of the functionality relates to their metaverse. https://twitter.com/virtua_official/status/1589691063211790337
- Pavia says only one more dev sprint until they can reveal the Plaza test event date. https://twitter.com/Pavia_io/status/1589601264102699008
- This twitter space today (Nov. 8) on audits and security includes MLabs, Runtime Verification, Simon Thompson of IOG, and Tweag. https://twitter.com/thompson_si/status/1589620874269044736
- Charles dropped a whole video on how Elon can decentralize Twitter with Doge and Cardano. https://www.youtube.com/watch?v=G7dmU2CCJo
- MuesliSwap drops a mysterious tweet saying it is working on one the biggest Cardano DeFi innovations. https://twitter.com/MuesliSwapTeam/status/1590096808042459136
- Charles sums up today in Cardano perfectly. https://twitter.com/IOHK_Charles/status/1590151060639059970
- CZ of Binance signed a non-binding letter of intent to acquire FTX to help remedy what he describes as a liquidity crunch at FTX. https://twitter.com/cz_binance/status/1590013613586411520
- I definitely did not think I would wake up this morning and watch Martin Shkreli and Do Kwon in a live discussion of a non-binding LOI for Binance to acquire FTX. https://www.twitch.tv/uponlytv
- Here’s a great thread offering a very thorough explanation of what has gone down with FTX. https://twitter.com/milesdeutschestatus/1589631447517655040
- Elon files paperwork with FinCen for Twitter to become a payments network as a money transmitter. https://twitter.com/jp_koning/status/1590413986843201536
- Here’s a nice video of Charles crushing the kid from The OC (who is now a middle aged crypto critic) along with some other person who says that “crypto has ruined lives.” The actor basically thinks that every cryptocurrency is just a security. He also reminded everyone he went to college and has a book coming out. https://twitter.com/casey_lau/status/1589530354217783296
- Out of the FTX-Alameda chaos, things are really REALLY not looking good for Solana. https://twitter.com/DU09BTC/status/1590307342884962305
- Virtua gave us a sneak peek of the inside of the Cardano Island condos. They look good! https://twitter.com/virtua_official/status/1590450026957840384
- My…my…my…how the tables have turned, Solana. https://twitter.com/MagicEden/status/1590435695080140800
- Rumors are swirling that wrapped BTC in Solana issued by FTX and/or Alameda and present on many lending and AMM platforms will spread the contagion very widely. https://twitter.com/weremeow/status/1590461628864397312
2022.11.11 08:01 ArmyofSpies Cardano Rumor Rundown November 11, 2022
Hey Everyone!
Let’s go….
Newly Covered Today:
submitted by ArmyofSpies to cardano [link] [comments]
Let’s go….
Newly Covered Today:
- The Cardano Island Condo claim will open Monday 14th Nov @ 5pm UTC. https://twitter.com/VirtuaMetaverse/status/1590781344094773249
- Looks like Liqwid has the Agora Audit report from Vacuum Labs. They’re saying that Liqwid v1 is next. https://twitter.com/liqwidfinance/status/1590777847698055168
- Accusations flying that Solana postponed the token unlock for retail while the devs were frontrunning them to liquidate tokens. https://cryptoslate.com/solana-postpones-token-unlock-amid-double-dip-fears-developers-unaffected/
- Binance is drowning in coin! https://www.binance.com/en/blog/community/our-commitment-to-transparency-2895840147147652626
- Here’s World Mobile installing more air nodes off Zanzibar. https://twitter.com/WMTHodlers/status/1590808207118958592
- There were too many big FTX items today. So I put them all together in one thread. https://twitter.com/ArmySpies/status/1590773532384169984
- Lace has opened up the “Lace Explorers” program for anyone who wants to be first in line to try the new Lace wallet from IOG. https://www.lace.io/ https://twitter.com/IOHK_Charles/status/1581627196149444608
- The IOG Lace Presentation from Rare Bloom can be found here: https://youtu.be/eBH34WkU_2w?t=14556
- Apparently, you can make paper wallets in NMKR. https://twitter.com/nmkr_io/status/1581765372511866880
- According to MEVWatch, 53% of all blocks in ETH are now enforcing OFAC sanctions. Censorship resistance is no longer a thing in ETH. https://www.mevwatch.info/ https://twitter.com/koeppelmann/status/1580893089077809153
- The Mango Markets events have definitely taken an interesting turn. https://twitter.com/avi_eisen/status/1581326197241180160
- US Senator Hickenlooper of Colorado has requested that the SEC provide a formal regulatory process for cryptocurrencies. It would be nice to have the clarity. But, the SEC is definitely not the preferred regulator on our side of the fence. https://news.bitcoin.com/us-lawmaker-calls-on-sec-to-issue-crypto-regulations-says-a-formal-regulatory-process-is-needed-now/
- Book.io has just closed an investment from BDMI a venture capital firm which is a wholly owned subsidiary of the global media, services and education company Bertelsmann. https://www.prnewswire.com/news-releases/bdmi-invests-in-bookio-the-first-ever-nft-ebook-platform-301650304.html https://twitter.com/book_io/status/1582045180571836418
- SEC Commissioner Hester Peirce lays out the contours of what NFTs could possibly be deemed securities by the SEC. https://www.ft.com/content/e8df6ea4-e9fb-4058-9a36-cef9c12f4726
- Here’s a great discussion on what exists or will exist in Cardano to prevent widespread MEV type sequencing of transactions. https://twitter.com/liberlion17/status/1581409081276833793
- Texas securities regulators are “now investigating FTX Trading, FTX US, and their principals, including Sam BankmanFried.” https://cases.stretto.com/public/x193/11753/PLEADINGS/1175310142280000000134.pdf https://www.barrons.com/articles/ftx-us-sam-bankman-fried-probe-securities-regulator-51666020282
- Curious why your “crypto attorney” never seems to give you actionable advice. Here’s the thread for you from the Chief Legal Officer of Kraken. https://twitter.com/msantoriESQ/status/1582033096345817088
- There was a fairly small exploit of RayStake (roughly 412k ADA). Here’s the post-mortem. https://raynetwork.medium.com/franken-attack-80140b63749f
- Here’s a very interesting article on whale behavior on DEXs. https://twitter.com/SpectrumLabs_/status/1582067954132262912
- Coinbase will now allow you to mint NFTs. https://twitter.com/brian_armstrong/status/1582447497431068673
- Bitboy now thinks Cardano will flip Ethereum (eventually). https://twitter.com/Bitboy_Crypto/status/1581377266403065856
- An Ape Society NFT sold for 180k ADA. https://twitter.com/TAS_SalesBot/status/1582453748462649344
- An amicus brief in the Ooki DAO case is now challenging whether a DAO can be considered a legal “person”. https://www.coindesk.com/policy/2022/10/18/daos-arent-people-crypto-lawyers-tell-court-in-cftcs-ooki-case/
- It looks like the Aptos launch was accompanied by something far less than glowing praise. https://twitter.com/ParadigmEng420/status/1582121408548651009
- Greenland is looking into blockchain voting. https://www.computerweekly.com/news/252526273/Greenland-investigate-potential-blockchain-based-election-system
- The next FutureFest concert is going to be a multi-destination concert with several venues all built on Unity. https://twitter.com/unitygames/status/1582370930709274624
- All of the beachfront parcels on Spy Island in REACH are now gone. https://www.market.reachmetaverse.org/map
- The LexPunk Army is making public a copy of the Digital Commodities Consumer Protection Act that is making the rounds in Washington. https://github.com/LeXpunK-Army/Crypto-CaseLaw/blob/main/DCCPA%20Markup%20Latest%2010.19.22.pdf
- Here’s some great analysis on the leaked DCCPA draft. https://twitter.com/ianDAOs/status/1582897980935266304
- SBF floats his ideas on crypto regulation and people aren’t happy about it. https://www.ftxpolicy.com/posts/possible-digital-asset-industry-standards https://twitter.com/SBF_FTX/status/1582835426116575235
- Liqwid’s Agora code audit is 50% done. https://twitter.com/DCdoso/status/1583152577079701505
- It looks like the new info coming out of the SEC on NFTs is already having an effect on decisions made by NFT projects. https://twitter.com/Canadian4Crypto/status/1583090643043516416
- ADA Realm just did something really important. They made a beach bar and explicitly called it a “bar”. I approve. https://twitter.com/AdaRealm/status/1583190472591568896
- A certain youtube personality seems extremely angry at a certain Ethereum personality. https://twitter.com/WatcherGuru/status/1583202589654495232 https://www.youtube.com/watch?v=o2dhgZopyBs
- Even Representative Tom Emmer of the US Congress says we shouldn’t sacrifice decentralization or DeFi in the name of new crypto legislation. https://twitter.com/RepTomEmmestatus/1582915646157131779
- A user on FTX is reporting that he had $1.5MM USD stolen from his account. Another person is reporting a loss of $2MM USD. Brutal! The discussion seems to mention possible compromise of 3commas trading software API Keys by the attackers. The team behind 3Commas seems to be pointing to a phishing strategy by the attackers. https://twitter.com/littlesand2/status/1583830658203283456 https://twitter.com/3commas_io/status/1583571729628004352
- Shahaf Bar-Geffen makes a very important point about your future as an AI with whom your great grandchildren might interact. https://twitter.com/shahafbg/status/1584244982537277440
- Sam Bankman-Fried responds to a question about why FTX hasn’t listed spot ADA.
- Just the metrics examines Aptos as compared to more decentralized blockchains like Cardano. https://twitter.com/Soorajksaju2/status/1584133947227013120
- The ETH/EVM world is having a hard time right now trying to hash out how much of their DeFi is going to fall under the control of regulators. https://twitter.com/JonnyRhea/status/1584252081493667842 https://twitter.com/lex_node/status/1584180230297890817 https://twitter.com/SBF_FTX/status/1584184430117425152
- MuesliSwap has completed its transition to MuesliSwap v2! https://twitter.com/MuesliSwapTeam/status/1584650148273336320
- Liqwid mentions that they’ve been working with Platonic Systems and it has accelerated their launch timeline. https://twitter.com/liqwidfinance/status/1584587690712104960
- Apparently, Apple has decided that Apps in the App Store aren’t allowed to sell NFTs that unlock features in the App. https://twitter.com/wongmjane/status/1584609845570768897
- It’s reported that Twitter is working on a crypto wallet. People surmise this is an impetus for Elon’s purchase. https://twitter.com/CaitlinLong_/status/1584729157401202688
- The Pavia map is looking a lot fancier. https://pavia.io/map
- Reportedly, this video is of a fox walking past 10 Downing Street ( https://twitter.com/itvnews/status/1584976609232445440) as Rishi Sunak prepares to take his position as the next Prime Minister of the UK. No idea if this is actually current or if the fox was voluntarily there or planted. We already know that Rishi Sunak seems to be very pro-CBDC and likes BAYC more than Crypto Punks. Sunak is a familiar figure from back in April when, as Chancellor of the Exchequer he declared: “It’s my ambition to make the UK a global hub for cryptoasset technology…” https://twitter.com/hmtreasury/status/1468193641638207489 https://twitter.com/tier10k/status/1584635528695017472 https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub https://twitter.com/greyskulledm/status/1511026486798651393
- There are reports that the UK House of Commons also voted to treat cryptocurrencies as regulated financial instruments. Apparently there was even language around the inclusion of stablecoins. https://www.yahoo.com/now/uk-lawmakers-vote-recognize-crypto-153128469.html
- NMKR now has a function for you to auction off any NFT. https://twitter.com/nmkr_io/status/1584975658777972736
- Here’s the link if you missed the Rare Bloom Keynote from Charles. https://www.youtube.com/watch?v=TZ8K8FW72BA
- US cryptolaw is turning into the worst export ever. https://twitter.com/lex_node/status/1584962177739653121 https://twitter.com/brian_armstrong/status/1585001996490510336
- Nami Wallet Version 3.4.1 is out now! https://twitter.com/berry_ales/status/1585395882605903879
- Apparently, people are now paying for telemedicine on Cardano! https://twitter.com/Citaldoc/status/1583548196927983616?s=20&t=hK3-IVgaiGG7V7voRgiOuA
- Looks like A16Z is getting stung by this crypto winter! How do you say 40% mark down in their fancy abbreviation system? https://www.wsj.com/articles/andreessen-horowitz-went-all-in-on-crypto-at-the-worst-possible-time-11666769270
- Elon musk just walked into Twitter HQ with a literal sink in his hands saying “let that sink in”. This could have a significant impact on crypto if his purchase is related to the potential of Twitter as a payments network as some have surmised.
- Elizabeth Warren & AOC seem mad that crypto is now engaging in effective lobbying just like their buddies in big tech. https://punchbowl.news/wp-content/uploads/10.24-Letters-to-Regulators-re-Crypto-Revolving-Door.pdf https://www.opensecrets.org/members-of-congress/alexandria-ocasio-cortez/summary?cid=N00041162 https://www.opensecrets.org/members-of-congress/elizabeth-warren/summary?cid=N00033492
- The Monetary Authority of Singapore has proposed new crypto regulations with a special focus on stablecoins. https://www.mas.gov.sg/news/media-releases/2022/mas-proposes-measures-to-reduce-risks-to-consumers-from-cryptocurrency-trading-and-enhance-standards-of-stablecoin-related-activities
- Everyone who saw the “Day in the Life of a Meta PM” video comes away shocked at the -20% dive after the earnings report. Was the culprit rooftop avocado toast and lattes, the $3.9 billion lost on the metaverse, or the (currently) ill-fated stock buy back? Time will tell. (Oct 27). https://twitter.com/zerohedge/status/1585398981995233304 https://twitter.com/unusual_whales/status/1585376066713321472 https://twitter.com/zerohedge/status/1585374381211062273
- One of the AI generated Tim Beiko tweets is too accurate! https://twitter.com/TimBeiko/status/1585699510243950594
- Paypal just quietly reinserted the $2500 penalty if you engage in a transaction they think amounts to a “form[] of intolerance that is discriminatory”. https://twitter.com/WallStreetSilv/status/1585643176185823236
- The World Mobile Aerostat program is amazingly cool. https://twitter.com/WorldMobileTeam/status/1585715475690004481
- It looks like Army of Spies is in the running for the Educational Influencer award at the Cardano Summit 2022. Vote here: https://voting.summit.cardano.org/nominees
- Elon has consummated the transaction to acquire Twitter and the slaughter of executives has already begun. https://twitter.com/WallStreetSilv/status/158526910183167181
- IOG has released a new article on the pros and cons of changing the K parameter vs. changing the minimum fee for stakepools. https://www.essentialcardano.io/article/staking-parameters-and-network-optimization-where-next-for-k-and-min-fee https://twitter.com/InputOutputHK/status/1585600629740896257
- Even Forbes Crypto is now talking about how Cardano is #3 for NFT volume. https://twitter.com/ForbesCrypto/status/1586628979556917249
- World Mobile says it is looking to almost double the number of airnodes in Zanzibar by the end of the year. https://twitter.com/WorldMobileTeam/status/1586789320471576576
- The Cornucopias bridge from BSC to Cardano is coming today! (Oct 31). https://twitter.com/CornucopiasGame/status/1586849014611329024
- Don’t forget that the Cardano 360 for October is out and available. https://www.youtube.com/watch?v=hZRwLWKNNfQ
- Erik Voorhees crushes SBF’s logic by asking him to distinguish between KYC for DeFi front ends and KYC for email front ends. https://twitter.com/artofbagholding/status/1586117772005605376 https://twitter.com/ctaggstatus/1586104117197475844
- If front ends become a focus of regulation, we might have to move to headless dApps. https://twitter.com/ERG_Armeanio/status/1586423711350984704 https://youtu.be/temmjyKpsEU
- If you missed it check out this post from Pavia. It looks like you need to comment to get on the list for the Plaza test event. https://twitter.com/Pavia_io/status/1585939474030428160
- It looks like the Cornucopias bridge from BSC to Cardano is now live (as of Oct. 31). https://twitter.com/CornucopiasGame/status/1587110191031541761
- Check out the new weekly thread series “This Week in Cardano”. https://twitter.com/Soorajksaju2/status/1586813500596232193
- Sooraj & Laura will also have a new Cardano podcast coming soon. https://twitter.com/Soorajksaju2/status/1586998510892863488
- Somehow I totally missed this video preview of the cyberpunk themed district of the Pavia Plaza. https://twitter.com/Pavia_io/status/1580554201813618689
- Elon’s going to make the blue check mark accessible to all for $8 (or the purchasing power equivalent in your country) and also reward content creators. This could have significant effects on crypto ecosystems like Cardano that rely heavily on Twitter. https://twitter.com/elonmusk/status/1587498907336118274
- Virtua has given us a look at what the entire planet of Virtua Prime will look like including the location of Cardano Island in relation to the other land masses. https://twitter.com/VirtuaMetaverse/status/1587525839628951552
- Artifct has made a decision to shut down their marketplace. Hopefully, this will mean a focus on the moon metaverse project instead. https://twitter.com/ArtifctApp/status/1587168164336390144 https://discord.com/channels/882364185244237884/882374348638404628
- Here’s another teaser from the Pavia cyberpunk district. https://twitter.com/Pavia_io/status/1587476665516662784
- MuesliSwap has revealed some upcoming farming UI changes. https://twitter.com/MuesliSwapTeam/status/1587481326097207298
- Ardana has revealed a new roadmap. https://ardana.org/roadmap/ https://medium.com/@ardanaproject/roadmap-2-0-the-journey-to-ardana-ba59335c6303
- FutureFest just participated in the world’s first multi-destination virtual concert along with some other unity projects. https://twitter.com/futurefestxstatus/1587555369810731008
- ADA Realm is creating “The ADA Realm Council”. Anyone who holds a plot can join to help provide input into the development of the metaverse. https://discord.com/channels/903957555083087892/903971388812050462
- The U.S. Fed gave us another very unsurprising 75 basis point hike in the federal funds rate today (Nov. 2). This brings us to 3.75-4% which is the highest rate we’ve seen since January 2008. https://www.cnbc.com/2022/11/02/fed-hikes-by-another-three-quarters-of-a-point-taking-rates-to-the-highest-level-since-january-2008.html
- Apparently, Twitter has a program called Birdwatch that could be used to add “readers notes” to misleading tweets about Cardano. Maybe we should look into this to combat the psyops against Cardano. https://twitter.com/micsolana/status/1587774389264973826
- Crypto and the Howey Test are on a collision course. https://twitter.com/scotty2ten/status/1587620216938594304
- Here’s another case of a supposed news outlet trying to pretend like Cardano liquid staking isn’t the biggest and best out there. https://twitter.com/danny_cryptofay/status/1587761429607768064
- There is speculation that the November announcement might be the actual building of a PEReDi (Privacy Enhanced Regulated Distributed) CBDC. A CBDC that isn’t a panopticon does sound better than the alternative. https://iohk.io/en/research/library/papers/peredi-privacy-enhanced-regulated-and-distributed-central-bank-digital-currencies/ https://twitter.com/Northern_ADA/status/1587805885379842050
- For November surprise contenders, we also still have the speculation around BMW. https://twitter.com/seenwasad/status/1574144652902555652
- Looks like IOG just acquired the talents of Dr. Vanishree Rao who led development at Mina! You’ve heard Charles mention some of the innovative work done at Mina in his AMAs. https://twitter.com/timbharrison/status/1588183693599731718
- Goldman has teamed up with Coin Metrics to unveil a new crypto classification system they are calling Datonomy. Very clever Goldman: data + taxonomy. I’m sure you focus grouped the hell out of that one. https://www.cnbc.com/2022/11/03/goldman-sachs-unveils-crypto-classification-system-aimed-at-institutional-investors.html
- You can do Cardano smart contract transactions with your Ledger hardware wallet device on an experimental basis. https://twitter.com/Ledger_Support/status/1588114156401856517
- JP Morgan has now executed its first DeFi trade according to Bloomberg. https://twitter.com/ZeMariaMacedo/status/1588225282850390018 https://www.bloomberg.com/news/articles/2022-11-02/jpmorgan-executes-its-first-defi-trade-using-public-blockchain
- The way they’re currently structured and operating, a lot of DAOs may get smashed as regulators will just view them as on-chain corporations who sold early stage securities to non-accredited investors. https://twitter.com/lex_node/status/1588184594133749760
- Jpeg Store now has bundles. This will make it much easier for anyone trying to sell a metaverse estate. https://twitter.com/jpgstoreNFT/status/1588279773331001344
- Check out this intro to Demeter Run, a “cloud environment with all the tools for building & deploying your Cardano dApp”. https://twitter.com/DemeterRun/status/1582893470015844352
- Cardanians makes a really good point about Cardano having the largest team in crypto behind it. https://twitter.com/Cardanians_io/status/1588059198461558784
- a16z thinks social media needs three separate game modes from safe space to wild west and to be governed by its users. https://a16zcrypto.com/toppling-the-internets-accidental-monarchs-how-to-design-web3-platform-governance/
- There’s a whole crypto twitter drama happening right now with the finances of FTX and Alameda that has apparently led to Binance announcing that they will sell their FTX Token holdings (Nov. 6). https://twitter.com/JohnEDeaton1/status/1589305305388621824 https://twitter.com/cz_binance/status/1589283421704290306 https://twitter.com/DU09BTC/status/1589135270103773184
- Colin from Obsidian and Lode Wallet gives us an early look at Hydra. https://twitter.com/osColinH/status/1588890270149783553
- There’s trouble in DeFi land as it’s pointed out once again that LPing in AMMs seems to very frequently involve impermanent losses outpacing fee revenue. In this case, it’s asserted that the lab behind the AMM didn’t even understand the extent of the problem due to a mismeasurement. Of course, the prospect of new DEXs with impermanent loss mitigation brings something new to the table. https://twitter.com/thiccythot_/status/1589022227437039616 https://twitter.com/ravanave/status/1589264438087266305
- LBRY announces that they lost in their case with the SEC. The ruling is pretty much the opposite of what everyone was hoping. https://twitter.com/LBRYcom/status/1589645453091827712 https://odysee.com/@lbry:3f/secvslbrysummaryjudgementruling:a
- Virtua’s mobile app is coming today (Nov 8). I’m curious to see how much of the functionality relates to their metaverse. https://twitter.com/virtua_official/status/1589691063211790337
- Pavia says only one more dev sprint until they can reveal the Plaza test event date. https://twitter.com/Pavia_io/status/1589601264102699008
- This twitter space today (Nov. 8) on audits and security includes MLabs, Runtime Verification, Simon Thompson of IOG, and Tweag. https://twitter.com/thompson_si/status/1589620874269044736
- Charles dropped a whole video on how Elon can decentralize Twitter with Doge and Cardano. https://www.youtube.com/watch?v=G7dmU2CCJo
- MuesliSwap drops a mysterious tweet saying it is working on one the biggest Cardano DeFi innovations. https://twitter.com/MuesliSwapTeam/status/1590096808042459136
- Charles sums up today in Cardano perfectly. https://twitter.com/IOHK_Charles/status/1590151060639059970
- CZ of Binance signed a non-binding letter of intent to acquire FTX to help remedy what he describes as a liquidity crunch at FTX. https://twitter.com/cz_binance/status/1590013613586411520
- I definitely did not think I would wake up this morning and watch Martin Shkreli and Do Kwon in a live discussion of a non-binding LOI for Binance to acquire FTX. https://www.twitch.tv/uponlytv
- Here’s a great thread offering a very thorough explanation of what has gone down with FTX. https://twitter.com/milesdeutschestatus/1589631447517655040
- Elon files paperwork with FinCen for Twitter to become a payments network as a money transmitter. https://twitter.com/jp_koning/status/1590413986843201536
- Here’s a nice video of Charles crushing the kid from The OC (who is now a middle aged crypto critic) along with some other person who says that “crypto has ruined lives.” The actor basically thinks that every cryptocurrency is just a security. He also reminded everyone he went to college and has a book coming out. https://twitter.com/casey_lau/status/1589530354217783296
- Out of the FTX-Alameda chaos, things are really REALLY not looking good for Solana. https://twitter.com/DU09BTC/status/1590307342884962305
- Virtua gave us a sneak peek of the inside of the Cardano Island condos. They look good! https://twitter.com/virtua_official/status/1590450026957840384
- My…my…my…how the tables have turned, Solana. https://twitter.com/MagicEden/status/1590435695080140800
- Rumors are swirling that wrapped BTC in Solana issued by FTX and/or Alameda and present on many lending and AMM platforms will spread the contagion very widely. https://twitter.com/weremeow/status/1590461628864397312
2022.11.10 09:10 ArmyofSpies Cardano Rumor Rundown November 10, 2022
Hey Everyone!
Let’s go….
Newly Covered Today:
submitted by ArmyofSpies to cardano [link] [comments]
Let’s go….
Newly Covered Today:
- Elon files paperwork with FinCen for Twitter to become a payments network as a money transmitter. https://twitter.com/jp_koning/status/1590413986843201536
- Here’s a nice video of Charles crushing the kid from The OC (who is now a middle aged crypto critic) along with some other person who says that “crypto has ruined lives.” The actor basically thinks that every cryptocurrency is just a security. He also reminded everyone he has a bachelor’s degree and a book coming out. https://twitter.com/casey_lau/status/1589530354217783296
- Out of the FTX-Alameda chaos, things are really REALLY not looking good for Solana. https://twitter.com/DU09BTC/status/1590307342884962305
- Virtua gave us a sneak peek of the inside of the Cardano Island condos. They look good! https://twitter.com/virtua_official/status/1590450026957840384
- My…my…my…how the tables have turned, Solana. https://twitter.com/MagicEden/status/1590435695080140800
- Rumors are swirling that wrapped BTC in Solana issued by FTX and/or Alameda and present on many lending and AMM platforms will spread the contagion very widely. https://twitter.com/weremeow/status/1590461628864397312
- Lace has opened up the “Lace Explorers” program for anyone who wants to be first in line to try the new Lace wallet from IOG. https://www.lace.io/ https://twitter.com/IOHK_Charles/status/1581627196149444608
- The IOG Lace Presentation from Rare Bloom can be found here: https://youtu.be/eBH34WkU_2w?t=14556
- Apparently, you can make paper wallets in NMKR. https://twitter.com/nmkr_io/status/1581765372511866880
- According to MEVWatch, 53% of all blocks in ETH are now enforcing OFAC sanctions. Censorship resistance is no longer a thing in ETH. https://www.mevwatch.info/ https://twitter.com/koeppelmann/status/1580893089077809153
- The Mango Markets events have definitely taken an interesting turn. https://twitter.com/avi_eisen/status/1581326197241180160
- US Senator Hickenlooper of Colorado has requested that the SEC provide a formal regulatory process for cryptocurrencies. It would be nice to have the clarity. But, the SEC is definitely not the preferred regulator on our side of the fence. https://news.bitcoin.com/us-lawmaker-calls-on-sec-to-issue-crypto-regulations-says-a-formal-regulatory-process-is-needed-now/
- Book.io has just closed an investment from BDMI a venture capital firm which is a wholly owned subsidiary of the global media, services and education company Bertelsmann. https://www.prnewswire.com/news-releases/bdmi-invests-in-bookio-the-first-ever-nft-ebook-platform-301650304.html https://twitter.com/book_io/status/1582045180571836418
- SEC Commissioner Hester Peirce lays out the contours of what NFTs could possibly be deemed securities by the SEC. https://www.ft.com/content/e8df6ea4-e9fb-4058-9a36-cef9c12f4726
- Here’s a great discussion on what exists or will exist in Cardano to prevent widespread MEV type sequencing of transactions. https://twitter.com/liberlion17/status/1581409081276833793
- Texas securities regulators are “now investigating FTX Trading, FTX US, and their principals, including Sam BankmanFried.” https://cases.stretto.com/public/x193/11753/PLEADINGS/1175310142280000000134.pdf https://www.barrons.com/articles/ftx-us-sam-bankman-fried-probe-securities-regulator-51666020282
- Curious why your “crypto attorney” never seems to give you actionable advice. Here’s the thread for you from the Chief Legal Officer of Kraken. https://twitter.com/msantoriESQ/status/1582033096345817088
- There was a fairly small exploit of RayStake (roughly 412k ADA). Here’s the post-mortem. https://raynetwork.medium.com/franken-attack-80140b63749f
- Here’s a very interesting article on whale behavior on DEXs. https://twitter.com/SpectrumLabs_/status/1582067954132262912
- Coinbase will now allow you to mint NFTs. https://twitter.com/brian_armstrong/status/1582447497431068673
- Bitboy now thinks Cardano will flip Ethereum (eventually). https://twitter.com/Bitboy_Crypto/status/1581377266403065856
- An Ape Society NFT sold for 180k ADA. https://twitter.com/TAS_SalesBot/status/1582453748462649344
- An amicus brief in the Ooki DAO case is now challenging whether a DAO can be considered a legal “person”. https://www.coindesk.com/policy/2022/10/18/daos-arent-people-crypto-lawyers-tell-court-in-cftcs-ooki-case/
- It looks like the Aptos launch was accompanied by something far less than glowing praise. https://twitter.com/ParadigmEng420/status/1582121408548651009
- Greenland is looking into blockchain voting. https://www.computerweekly.com/news/252526273/Greenland-investigate-potential-blockchain-based-election-system
- The next FutureFest concert is going to be a multi-destination concert with several venues all built on Unity. https://twitter.com/unitygames/status/1582370930709274624
- All of the beachfront parcels on Spy Island in REACH are now gone. https://www.market.reachmetaverse.org/map
- The LexPunk Army is making public a copy of the Digital Commodities Consumer Protection Act that is making the rounds in Washington. https://github.com/LeXpunK-Army/Crypto-CaseLaw/blob/main/DCCPA%20Markup%20Latest%2010.19.22.pdf
- Here’s some great analysis on the leaked DCCPA draft. https://twitter.com/ianDAOs/status/1582897980935266304
- SBF floats his ideas on crypto regulation and people aren’t happy about it. https://www.ftxpolicy.com/posts/possible-digital-asset-industry-standards https://twitter.com/SBF_FTX/status/1582835426116575235
- Liqwid’s Agora code audit is 50% done. https://twitter.com/DCdoso/status/1583152577079701505
- It looks like the new info coming out of the SEC on NFTs is already having an effect on decisions made by NFT projects. https://twitter.com/Canadian4Crypto/status/1583090643043516416
- ADA Realm just did something really important. They made a beach bar and explicitly called it a “bar”. I approve. https://twitter.com/AdaRealm/status/1583190472591568896
- A certain youtube personality seems extremely angry at a certain Ethereum personality. https://twitter.com/WatcherGuru/status/1583202589654495232 https://www.youtube.com/watch?v=o2dhgZopyBs
- Even Representative Tom Emmer of the US Congress says we shouldn’t sacrifice decentralization or DeFi in the name of new crypto legislation. https://twitter.com/RepTomEmmestatus/1582915646157131779
- A user on FTX is reporting that he had $1.5MM USD stolen from his account. Another person is reporting a loss of $2MM USD. Brutal! The discussion seems to mention possible compromise of 3commas trading software API Keys by the attackers. The team behind 3Commas seems to be pointing to a phishing strategy by the attackers. https://twitter.com/littlesand2/status/1583830658203283456 https://twitter.com/3commas_io/status/1583571729628004352
- Shahaf Bar-Geffen makes a very important point about your future as an AI with whom your great grandchildren might interact. https://twitter.com/shahafbg/status/1584244982537277440
- Sam Bankman-Fried responds to a question about why FTX hasn’t listed spot ADA.
- Just the metrics examines Aptos as compared to more decentralized blockchains like Cardano. https://twitter.com/Soorajksaju2/status/1584133947227013120
- The ETH/EVM world is having a hard time right now trying to hash out how much of their DeFi is going to fall under the control of regulators. https://twitter.com/JonnyRhea/status/1584252081493667842 https://twitter.com/lex_node/status/1584180230297890817 https://twitter.com/SBF_FTX/status/1584184430117425152
- MuesliSwap has completed its transition to MuesliSwap v2! https://twitter.com/MuesliSwapTeam/status/1584650148273336320
- Liqwid mentions that they’ve been working with Platonic Systems and it has accelerated their launch timeline. https://twitter.com/liqwidfinance/status/1584587690712104960
- Apparently, Apple has decided that Apps in the App Store aren’t allowed to sell NFTs that unlock features in the App. https://twitter.com/wongmjane/status/1584609845570768897
- It’s reported that Twitter is working on a crypto wallet. People surmise this is an impetus for Elon’s purchase. https://twitter.com/CaitlinLong_/status/1584729157401202688
- The Pavia map is looking a lot fancier. https://pavia.io/map
- Reportedly, this video is of a fox walking past 10 Downing Street ( https://twitter.com/itvnews/status/1584976609232445440) as Rishi Sunak prepares to take his position as the next Prime Minister of the UK. No idea if this is actually current or if the fox was voluntarily there or planted. We already know that Rishi Sunak seems to be very pro-CBDC and likes BAYC more than Crypto Punks. Sunak is a familiar figure from back in April when, as Chancellor of the Exchequer he declared: “It’s my ambition to make the UK a global hub for cryptoasset technology…” https://twitter.com/hmtreasury/status/1468193641638207489 https://twitter.com/tier10k/status/1584635528695017472 https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub https://twitter.com/greyskulledm/status/1511026486798651393
- There are reports that the UK House of Commons also voted to treat cryptocurrencies as regulated financial instruments. Apparently there was even language around the inclusion of stablecoins. https://www.yahoo.com/now/uk-lawmakers-vote-recognize-crypto-153128469.html
- NMKR now has a function for you to auction off any NFT. https://twitter.com/nmkr_io/status/1584975658777972736
- Here’s the link if you missed the Rare Bloom Keynote from Charles. https://www.youtube.com/watch?v=TZ8K8FW72BA
- US cryptolaw is turning into the worst export ever. https://twitter.com/lex_node/status/1584962177739653121 https://twitter.com/brian_armstrong/status/1585001996490510336
- Nami Wallet Version 3.4.1 is out now! https://twitter.com/berry_ales/status/1585395882605903879
- Apparently, people are now paying for telemedicine on Cardano! https://twitter.com/Citaldoc/status/1583548196927983616?s=20&t=hK3-IVgaiGG7V7voRgiOuA
- Looks like A16Z is getting stung by this crypto winter! How do you say 40% mark down in their fancy abbreviation system? https://www.wsj.com/articles/andreessen-horowitz-went-all-in-on-crypto-at-the-worst-possible-time-11666769270
- Elon musk just walked into Twitter HQ with a literal sink in his hands saying “let that sink in”. This could have a significant impact on crypto if his purchase is related to the potential of Twitter as a payments network as some have surmised.
- Elizabeth Warren & AOC seem mad that crypto is now engaging in effective lobbying just like their buddies in big tech. https://punchbowl.news/wp-content/uploads/10.24-Letters-to-Regulators-re-Crypto-Revolving-Door.pdf https://www.opensecrets.org/members-of-congress/alexandria-ocasio-cortez/summary?cid=N00041162 https://www.opensecrets.org/members-of-congress/elizabeth-warren/summary?cid=N00033492
- The Monetary Authority of Singapore has proposed new crypto regulations with a special focus on stablecoins. https://www.mas.gov.sg/news/media-releases/2022/mas-proposes-measures-to-reduce-risks-to-consumers-from-cryptocurrency-trading-and-enhance-standards-of-stablecoin-related-activities
- Everyone who saw the “Day in the Life of a Meta PM” video comes away shocked at the -20% dive after the earnings report. Was the culprit rooftop avocado toast and lattes, the $3.9 billion lost on the metaverse, or the (currently) ill-fated stock buy back? Time will tell. (Oct 27). https://twitter.com/zerohedge/status/1585398981995233304 https://twitter.com/unusual_whales/status/1585376066713321472 https://twitter.com/zerohedge/status/1585374381211062273
- One of the AI generated Tim Beiko tweets is too accurate! https://twitter.com/TimBeiko/status/1585699510243950594
- Paypal just quietly reinserted the $2500 penalty if you engage in a transaction they think amounts to a “form[] of intolerance that is discriminatory”. https://twitter.com/WallStreetSilv/status/1585643176185823236
- The World Mobile Aerostat program is amazingly cool. https://twitter.com/WorldMobileTeam/status/1585715475690004481
- It looks like Army of Spies is in the running for the Educational Influencer award at the Cardano Summit 2022. Vote here: https://voting.summit.cardano.org/nominees
- Elon has consummated the transaction to acquire Twitter and the slaughter of executives has already begun. https://twitter.com/WallStreetSilv/status/158526910183167181
- IOG has released a new article on the pros and cons of changing the K parameter vs. changing the minimum fee for stakepools. https://www.essentialcardano.io/article/staking-parameters-and-network-optimization-where-next-for-k-and-min-fee https://twitter.com/InputOutputHK/status/1585600629740896257
- Even Forbes Crypto is now talking about how Cardano is #3 for NFT volume. https://twitter.com/ForbesCrypto/status/1586628979556917249
- World Mobile says it is looking to almost double the number of airnodes in Zanzibar by the end of the year. https://twitter.com/WorldMobileTeam/status/1586789320471576576
- The Cornucopias bridge from BSC to Cardano is coming today! (Oct 31). https://twitter.com/CornucopiasGame/status/1586849014611329024
- Don’t forget that the Cardano 360 for October is out and available. https://www.youtube.com/watch?v=hZRwLWKNNfQ
- Erik Voorhees crushes SBF’s logic by asking him to distinguish between KYC for DeFi front ends and KYC for email front ends. https://twitter.com/artofbagholding/status/1586117772005605376 https://twitter.com/ctaggstatus/1586104117197475844
- If front ends become a focus of regulation, we might have to move to headless dApps. https://twitter.com/ERG_Armeanio/status/1586423711350984704 https://youtu.be/temmjyKpsEU
- If you missed it check out this post from Pavia. It looks like you need to comment to get on the list for the Plaza test event. https://twitter.com/Pavia_io/status/1585939474030428160
- It looks like the Cornucopias bridge from BSC to Cardano is now live (as of Oct. 31). https://twitter.com/CornucopiasGame/status/1587110191031541761
- Check out the new weekly thread series “This Week in Cardano”. https://twitter.com/Soorajksaju2/status/1586813500596232193
- Sooraj & Laura will also have a new Cardano podcast coming soon. https://twitter.com/Soorajksaju2/status/1586998510892863488
- Somehow I totally missed this video preview of the cyberpunk themed district of the Pavia Plaza. https://twitter.com/Pavia_io/status/1580554201813618689
- Elon’s going to make the blue check mark accessible to all for $8 (or the purchasing power equivalent in your country) and also reward content creators. This could have significant effects on crypto ecosystems like Cardano that rely heavily on Twitter. https://twitter.com/elonmusk/status/1587498907336118274
- Virtua has given us a look at what the entire planet of Virtua Prime will look like including the location of Cardano Island in relation to the other land masses. https://twitter.com/VirtuaMetaverse/status/1587525839628951552
- Artifct has made a decision to shut down their marketplace. Hopefully, this will mean a focus on the moon metaverse project instead. https://twitter.com/ArtifctApp/status/1587168164336390144 https://discord.com/channels/882364185244237884/882374348638404628
- Here’s another teaser from the Pavia cyberpunk district. https://twitter.com/Pavia_io/status/1587476665516662784
- MuesliSwap has revealed some upcoming farming UI changes. https://twitter.com/MuesliSwapTeam/status/1587481326097207298
- Ardana has revealed a new roadmap. https://ardana.org/roadmap/ https://medium.com/@ardanaproject/roadmap-2-0-the-journey-to-ardana-ba59335c6303
- FutureFest just participated in the world’s first multi-destination virtual concert along with some other unity projects. https://twitter.com/futurefestxstatus/1587555369810731008
- ADA Realm is creating “The ADA Realm Council”. Anyone who holds a plot can join to help provide input into the development of the metaverse. https://discord.com/channels/903957555083087892/903971388812050462
- The U.S. Fed gave us another very unsurprising 75 basis point hike in the federal funds rate today (Nov. 2). This brings us to 3.75-4% which is the highest rate we’ve seen since January 2008. https://www.cnbc.com/2022/11/02/fed-hikes-by-another-three-quarters-of-a-point-taking-rates-to-the-highest-level-since-january-2008.html
- Apparently, Twitter has a program called Birdwatch that could be used to add “readers notes” to misleading tweets about Cardano. Maybe we should look into this to combat the psyops against Cardano. https://twitter.com/micsolana/status/1587774389264973826
- Crypto and the Howey Test are on a collision course. https://twitter.com/scotty2ten/status/1587620216938594304
- Here’s another case of a supposed news outlet trying to pretend like Cardano liquid staking isn’t the biggest and best out there. https://twitter.com/danny_cryptofay/status/1587761429607768064
- There is speculation that the November announcement might be the actual building of a PEReDi (Privacy Enhanced Regulated Distributed) CBDC. A CBDC that isn’t a panopticon does sound better than the alternative. https://iohk.io/en/research/library/papers/peredi-privacy-enhanced-regulated-and-distributed-central-bank-digital-currencies/ https://twitter.com/Northern_ADA/status/1587805885379842050
- For November surprise contenders, we also still have the speculation around BMW. https://twitter.com/seenwasad/status/1574144652902555652
- Looks like IOG just acquired the talents of Dr. Vanishree Rao who led development at Mina! You’ve heard Charles mention some of the innovative work done at Mina in his AMAs. https://twitter.com/timbharrison/status/1588183693599731718
- Goldman has teamed up with Coin Metrics to unveil a new crypto classification system they are calling Datonomy. Very clever Goldman: data + taxonomy. I’m sure you focus grouped the hell out of that one. https://www.cnbc.com/2022/11/03/goldman-sachs-unveils-crypto-classification-system-aimed-at-institutional-investors.html
- You can do Cardano smart contract transactions with your Ledger hardware wallet device on an experimental basis. https://twitter.com/Ledger_Support/status/1588114156401856517
- JP Morgan has now executed its first DeFi trade according to Bloomberg. https://twitter.com/ZeMariaMacedo/status/1588225282850390018 https://www.bloomberg.com/news/articles/2022-11-02/jpmorgan-executes-its-first-defi-trade-using-public-blockchain
- The way they’re currently structured and operating, a lot of DAOs may get smashed as regulators will just view them as on-chain corporations who sold early stage securities to non-accredited investors. https://twitter.com/lex_node/status/1588184594133749760
- Jpeg Store now has bundles. This will make it much easier for anyone trying to sell a metaverse estate. https://twitter.com/jpgstoreNFT/status/1588279773331001344
- Check out this intro to Demeter Run, a “cloud environment with all the tools for building & deploying your Cardano dApp”. https://twitter.com/DemeterRun/status/1582893470015844352
- Cardanians makes a really good point about Cardano having the largest team in crypto behind it. https://twitter.com/Cardanians_io/status/1588059198461558784
- a16z thinks social media needs three separate game modes from safe space to wild west and to be governed by its users. https://a16zcrypto.com/toppling-the-internets-accidental-monarchs-how-to-design-web3-platform-governance/
- There’s a whole crypto twitter drama happening right now with the finances of FTX and Alameda that has apparently led to Binance announcing that they will sell their FTX Token holdings (Nov. 6). https://twitter.com/JohnEDeaton1/status/1589305305388621824 https://twitter.com/cz_binance/status/1589283421704290306 https://twitter.com/DU09BTC/status/1589135270103773184
- Colin from Obsidian and Lode Wallet gives us an early look at Hydra. https://twitter.com/osColinH/status/1588890270149783553
- There’s trouble in DeFi land as it’s pointed out once again that LPing in AMMs seems to very frequently involve impermanent losses outpacing fee revenue. In this case, it’s asserted that the lab behind the AMM didn’t even understand the extent of the problem due to a mismeasurement. Of course, the prospect of new DEXs with impermanent loss mitigation brings something new to the table. https://twitter.com/thiccythot_/status/1589022227437039616 https://twitter.com/ravanave/status/1589264438087266305
- LBRY announces that they lost in their case with the SEC. The ruling is pretty much the opposite of what everyone was hoping. https://twitter.com/LBRYcom/status/1589645453091827712 https://odysee.com/@lbry:3f/secvslbrysummaryjudgementruling:a
- Virtua’s mobile app is coming today (Nov 8). I’m curious to see how much of the functionality relates to their metaverse. https://twitter.com/virtua_official/status/1589691063211790337
- Pavia says only one more dev sprint until they can reveal the Plaza test event date. https://twitter.com/Pavia_io/status/1589601264102699008
- This twitter space today (Nov. 8) on audits and security includes MLabs, Runtime Verification, Simon Thompson of IOG, and Tweag. https://twitter.com/thompson_si/status/1589620874269044736
- Charles dropped a whole video on how Elon can decentralize Twitter with Doge and Cardano. https://www.youtube.com/watch?v=G7dmU2CCJo
- MuesliSwap drops a mysterious tweet saying it is working on one the biggest Cardano DeFi innovations. https://twitter.com/MuesliSwapTeam/status/1590096808042459136
- Charles sums up today in Cardano perfectly. https://twitter.com/IOHK_Charles/status/1590151060639059970
- CZ of Binance signed a non-binding letter of intent to acquire FTX to help remedy what he describes as a liquidity crunch at FTX. https://twitter.com/cz_binance/status/1590013613586411520
- I definitely did not think I would wake up this morning and watch Martin Shkreli and Do Kwon in a live discussion of a non-binding LOI for Binance to acquire FTX. https://www.twitch.tv/uponlytv
- Here’s a great thread offering a very thorough explanation of what has gone down with FTX. https://twitter.com/milesdeutschestatus/1589631447517655040
2022.11.09 08:18 ArmyofSpies Cardano Rumor Rundown November 9, 2022
Hey Everyone!
Let’s go….
Newly Covered Today:
submitted by ArmyofSpies to cardano [link] [comments]
Hey Everyone!
Let’s go….
Newly Covered Today:
- MuesliSwap drops a mysterious tweet saying it is working on one the biggest Cardano DeFi innovations. https://twitter.com/MuesliSwapTeam/status/1590096808042459136
- Charles sums up today in Cardano perfectly. https://twitter.com/IOHK_Charles/status/1590151060639059970
- CZ of Binance signed a non-binding letter of intent to acquire FTX to help remedy what he describes as a liquidity crunch at FTX. https://twitter.com/cz_binance/status/1590013613586411520
- I definitely did not think I would wake up this morning and watch Martin Shkreli and Do Kwon in a live discussion of a non-binding LOI for Binance to acquire FTX. https://www.twitch.tv/uponlytv
- Here’s a great thread offering a very thorough explanation of what has gone down with FTX. https://twitter.com/milesdeutschestatus/1589631447517655040
- Lace has opened up the “Lace Explorers” program for anyone who wants to be first in line to try the new Lace wallet from IOG. https://www.lace.io/ https://twitter.com/IOHK_Charles/status/1581627196149444608
- The IOG Lace Presentation from Rare Bloom can be found here: https://youtu.be/eBH34WkU_2w?t=14556
- Apparently, you can make paper wallets in NMKR. https://twitter.com/nmkr_io/status/1581765372511866880
- According to MEVWatch, 53% of all blocks in ETH are now enforcing OFAC sanctions. Censorship resistance is no longer a thing in ETH. https://www.mevwatch.info/ https://twitter.com/koeppelmann/status/1580893089077809153
- The Mango Markets events have definitely taken an interesting turn. https://twitter.com/avi_eisen/status/1581326197241180160
- US Senator Hickenlooper of Colorado has requested that the SEC provide a formal regulatory process for cryptocurrencies. It would be nice to have the clarity. But, the SEC is definitely not the preferred regulator on our side of the fence. https://news.bitcoin.com/us-lawmaker-calls-on-sec-to-issue-crypto-regulations-says-a-formal-regulatory-process-is-needed-now/
- Book.io has just closed an investment from BDMI a venture capital firm which is a wholly owned subsidiary of the global media, services and education company Bertelsmann. https://www.prnewswire.com/news-releases/bdmi-invests-in-bookio-the-first-ever-nft-ebook-platform-301650304.html https://twitter.com/book_io/status/1582045180571836418
- SEC Commissioner Hester Peirce lays out the contours of what NFTs could possibly be deemed securities by the SEC. https://www.ft.com/content/e8df6ea4-e9fb-4058-9a36-cef9c12f4726
- Here’s a great discussion on what exists or will exist in Cardano to prevent widespread MEV type sequencing of transactions. https://twitter.com/liberlion17/status/1581409081276833793
- Texas securities regulators are “now investigating FTX Trading, FTX US, and their principals, including Sam BankmanFried.” https://cases.stretto.com/public/x193/11753/PLEADINGS/1175310142280000000134.pdf https://www.barrons.com/articles/ftx-us-sam-bankman-fried-probe-securities-regulator-51666020282
- Curious why your “crypto attorney” never seems to give you actionable advice. Here’s the thread for you from the Chief Legal Officer of Kraken. https://twitter.com/msantoriESQ/status/1582033096345817088
- There was a fairly small exploit of RayStake (roughly 412k ADA). Here’s the post-mortem. https://raynetwork.medium.com/franken-attack-80140b63749f
- Here’s a very interesting article on whale behavior on DEXs. https://twitter.com/SpectrumLabs_/status/1582067954132262912
- Coinbase will now allow you to mint NFTs. https://twitter.com/brian_armstrong/status/1582447497431068673
- Bitboy now thinks Cardano will flip Ethereum (eventually). https://twitter.com/Bitboy_Crypto/status/1581377266403065856
- An Ape Society NFT sold for 180k ADA. https://twitter.com/TAS_SalesBot/status/1582453748462649344
- An amicus brief in the Ooki DAO case is now challenging whether a DAO can be considered a legal “person”. https://www.coindesk.com/policy/2022/10/18/daos-arent-people-crypto-lawyers-tell-court-in-cftcs-ooki-case/
- It looks like the Aptos launch was accompanied by something far less than glowing praise. https://twitter.com/ParadigmEng420/status/1582121408548651009
- Greenland is looking into blockchain voting. https://www.computerweekly.com/news/252526273/Greenland-investigate-potential-blockchain-based-election-system
- The next FutureFest concert is going to be a multi-destination concert with several venues all built on Unity. https://twitter.com/unitygames/status/1582370930709274624
- All of the beachfront parcels on Spy Island in REACH are now gone. https://www.market.reachmetaverse.org/map
- The LexPunk Army is making public a copy of the Digital Commodities Consumer Protection Act that is making the rounds in Washington. https://github.com/LeXpunK-Army/Crypto-CaseLaw/blob/main/DCCPA%20Markup%20Latest%2010.19.22.pdf
- Here’s some great analysis on the leaked DCCPA draft. https://twitter.com/ianDAOs/status/1582897980935266304
- SBF floats his ideas on crypto regulation and people aren’t happy about it. https://www.ftxpolicy.com/posts/possible-digital-asset-industry-standards https://twitter.com/SBF_FTX/status/1582835426116575235
- Liqwid’s Agora code audit is 50% done. https://twitter.com/DCdoso/status/1583152577079701505
- It looks like the new info coming out of the SEC on NFTs is already having an effect on decisions made by NFT projects. https://twitter.com/Canadian4Crypto/status/1583090643043516416
- ADA Realm just did something really important. They made a beach bar and explicitly called it a “bar”. I approve. https://twitter.com/AdaRealm/status/1583190472591568896
- A certain youtube personality seems extremely angry at a certain Ethereum personality. https://twitter.com/WatcherGuru/status/1583202589654495232 https://www.youtube.com/watch?v=o2dhgZopyBs
- Even Representative Tom Emmer of the US Congress says we shouldn’t sacrifice decentralization or DeFi in the name of new crypto legislation. https://twitter.com/RepTomEmmestatus/1582915646157131779
- A user on FTX is reporting that he had $1.5MM USD stolen from his account. Another person is reporting a loss of $2MM USD. Brutal! The discussion seems to mention possible compromise of 3commas trading software API Keys by the attackers. The team behind 3Commas seems to be pointing to a phishing strategy by the attackers. https://twitter.com/littlesand2/status/1583830658203283456 https://twitter.com/3commas_io/status/1583571729628004352
- Shahaf Bar-Geffen makes a very important point about your future as an AI with whom your great grandchildren might interact. https://twitter.com/shahafbg/status/1584244982537277440
- Sam Bankman-Fried responds to a question about why FTX hasn’t listed spot ADA.
- Just the metrics examines Aptos as compared to more decentralized blockchains like Cardano. https://twitter.com/Soorajksaju2/status/1584133947227013120
- The ETH/EVM world is having a hard time right now trying to hash out how much of their DeFi is going to fall under the control of regulators. https://twitter.com/JonnyRhea/status/1584252081493667842 https://twitter.com/lex_node/status/1584180230297890817 https://twitter.com/SBF_FTX/status/1584184430117425152
- MuesliSwap has completed its transition to MuesliSwap v2! https://twitter.com/MuesliSwapTeam/status/1584650148273336320
- Liqwid mentions that they’ve been working with Platonic Systems and it has accelerated their launch timeline. https://twitter.com/liqwidfinance/status/1584587690712104960
- Apparently, Apple has decided that Apps in the App Store aren’t allowed to sell NFTs that unlock features in the App. https://twitter.com/wongmjane/status/1584609845570768897
- It’s reported that Twitter is working on a crypto wallet. People surmise this is an impetus for Elon’s purchase. https://twitter.com/CaitlinLong_/status/1584729157401202688
- The Pavia map is looking a lot fancier. https://pavia.io/map
- Reportedly, this video is of a fox walking past 10 Downing Street ( https://twitter.com/itvnews/status/1584976609232445440) as Rishi Sunak prepares to take his position as the next Prime Minister of the UK. No idea if this is actually current or if the fox was voluntarily there or planted. We already know that Rishi Sunak seems to be very pro-CBDC and likes BAYC more than Crypto Punks. Sunak is a familiar figure from back in April when, as Chancellor of the Exchequer he declared: “It’s my ambition to make the UK a global hub for cryptoasset technology…” https://twitter.com/hmtreasury/status/1468193641638207489 https://twitter.com/tier10k/status/1584635528695017472 https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub https://twitter.com/greyskulledm/status/1511026486798651393
- There are reports that the UK House of Commons also voted to treat cryptocurrencies as regulated financial instruments. Apparently there was even language around the inclusion of stablecoins. https://www.yahoo.com/now/uk-lawmakers-vote-recognize-crypto-153128469.html
- NMKR now has a function for you to auction off any NFT. https://twitter.com/nmkr_io/status/1584975658777972736
- Here’s the link if you missed the Rare Bloom Keynote from Charles. https://www.youtube.com/watch?v=TZ8K8FW72BA
- US cryptolaw is turning into the worst export ever. https://twitter.com/lex_node/status/1584962177739653121 https://twitter.com/brian_armstrong/status/1585001996490510336
- Nami Wallet Version 3.4.1 is out now! https://twitter.com/berry_ales/status/1585395882605903879
- Apparently, people are now paying for telemedicine on Cardano! https://twitter.com/Citaldoc/status/1583548196927983616?s=20&t=hK3-IVgaiGG7V7voRgiOuA
- Looks like A16Z is getting stung by this crypto winter! How do you say 40% mark down in their fancy abbreviation system? https://www.wsj.com/articles/andreessen-horowitz-went-all-in-on-crypto-at-the-worst-possible-time-11666769270
- Elon musk just walked into Twitter HQ with a literal sink in his hands saying “let that sink in”. This could have a significant impact on crypto if his purchase is related to the potential of Twitter as a payments network as some have surmised.
- Elizabeth Warren & AOC seem mad that crypto is now engaging in effective lobbying just like their buddies in big tech. https://punchbowl.news/wp-content/uploads/10.24-Letters-to-Regulators-re-Crypto-Revolving-Door.pdf https://www.opensecrets.org/members-of-congress/alexandria-ocasio-cortez/summary?cid=N00041162 https://www.opensecrets.org/members-of-congress/elizabeth-warren/summary?cid=N00033492
- The Monetary Authority of Singapore has proposed new crypto regulations with a special focus on stablecoins. https://www.mas.gov.sg/news/media-releases/2022/mas-proposes-measures-to-reduce-risks-to-consumers-from-cryptocurrency-trading-and-enhance-standards-of-stablecoin-related-activities
- Everyone who saw the “Day in the Life of a Meta PM” video comes away shocked at the -20% dive after the earnings report. Was the culprit rooftop avocado toast and lattes, the $3.9 billion lost on the metaverse, or the (currently) ill-fated stock buy back? Time will tell. (Oct 27). https://twitter.com/zerohedge/status/1585398981995233304 https://twitter.com/unusual_whales/status/1585376066713321472 https://twitter.com/zerohedge/status/1585374381211062273
- One of the AI generated Tim Beiko tweets is too accurate! https://twitter.com/TimBeiko/status/1585699510243950594
- Paypal just quietly reinserted the $2500 penalty if you engage in a transaction they think amounts to a “form[] of intolerance that is discriminatory”. https://twitter.com/WallStreetSilv/status/1585643176185823236
- The World Mobile Aerostat program is amazingly cool. https://twitter.com/WorldMobileTeam/status/1585715475690004481
- It looks like Army of Spies is in the running for the Educational Influencer award at the Cardano Summit 2022. Vote here: https://voting.summit.cardano.org/nominees
- Elon has consummated the transaction to acquire Twitter and the slaughter of executives has already begun. https://twitter.com/WallStreetSilv/status/158526910183167181
- IOG has released a new article on the pros and cons of changing the K parameter vs. changing the minimum fee for stakepools. https://www.essentialcardano.io/article/staking-parameters-and-network-optimization-where-next-for-k-and-min-fee https://twitter.com/InputOutputHK/status/1585600629740896257
- Even Forbes Crypto is now talking about how Cardano is #3 for NFT volume. https://twitter.com/ForbesCrypto/status/1586628979556917249
- World Mobile says it is looking to almost double the number of airnodes in Zanzibar by the end of the year. https://twitter.com/WorldMobileTeam/status/1586789320471576576
- The Cornucopias bridge from BSC to Cardano is coming today! (Oct 31). https://twitter.com/CornucopiasGame/status/1586849014611329024
- Don’t forget that the Cardano 360 for October is out and available. https://www.youtube.com/watch?v=hZRwLWKNNfQ
- Erik Voorhees crushes SBF’s logic by asking him to distinguish between KYC for DeFi front ends and KYC for email front ends. https://twitter.com/artofbagholding/status/1586117772005605376 https://twitter.com/ctaggstatus/1586104117197475844
- If front ends become a focus of regulation, we might have to move to headless dApps. https://twitter.com/ERG_Armeanio/status/1586423711350984704 https://youtu.be/temmjyKpsEU
- If you missed it check out this post from Pavia. It looks like you need to comment to get on the list for the Plaza test event. https://twitter.com/Pavia_io/status/1585939474030428160
- It looks like the Cornucopias bridge from BSC to Cardano is now live (as of Oct. 31). https://twitter.com/CornucopiasGame/status/1587110191031541761
- Check out the new weekly thread series “This Week in Cardano”. https://twitter.com/Soorajksaju2/status/1586813500596232193
- Sooraj & Laura will also have a new Cardano podcast coming soon. https://twitter.com/Soorajksaju2/status/1586998510892863488
- Somehow I totally missed this video preview of the cyberpunk themed district of the Pavia Plaza. https://twitter.com/Pavia_io/status/1580554201813618689
- Elon’s going to make the blue check mark accessible to all for $8 (or the purchasing power equivalent in your country) and also reward content creators. This could have significant effects on crypto ecosystems like Cardano that rely heavily on Twitter. https://twitter.com/elonmusk/status/1587498907336118274
- Virtua has given us a look at what the entire planet of Virtua Prime will look like including the location of Cardano Island in relation to the other land masses. https://twitter.com/VirtuaMetaverse/status/1587525839628951552
- Artifct has made a decision to shut down their marketplace. Hopefully, this will mean a focus on the moon metaverse project instead. https://twitter.com/ArtifctApp/status/1587168164336390144 https://discord.com/channels/882364185244237884/882374348638404628
- Here’s another teaser from the Pavia cyberpunk district. https://twitter.com/Pavia_io/status/1587476665516662784
- MuesliSwap has revealed some upcoming farming UI changes. https://twitter.com/MuesliSwapTeam/status/1587481326097207298
- Ardana has revealed a new roadmap. https://ardana.org/roadmap/ https://medium.com/@ardanaproject/roadmap-2-0-the-journey-to-ardana-ba59335c6303
- FutureFest just participated in the world’s first multi-destination virtual concert along with some other unity projects. https://twitter.com/futurefestxstatus/1587555369810731008
- ADA Realm is creating “The ADA Realm Council”. Anyone who holds a plot can join to help provide input into the development of the metaverse. https://discord.com/channels/903957555083087892/903971388812050462
- The U.S. Fed gave us another very unsurprising 75 basis point hike in the federal funds rate today (Nov. 2). This brings us to 3.75-4% which is the highest rate we’ve seen since January 2008. https://www.cnbc.com/2022/11/02/fed-hikes-by-another-three-quarters-of-a-point-taking-rates-to-the-highest-level-since-january-2008.html
- Apparently, Twitter has a program called Birdwatch that could be used to add “readers notes” to misleading tweets about Cardano. Maybe we should look into this to combat the psyops against Cardano. https://twitter.com/micsolana/status/1587774389264973826
- Crypto and the Howey Test are on a collision course. https://twitter.com/scotty2ten/status/1587620216938594304
- Here’s another case of a supposed news outlet trying to pretend like Cardano liquid staking isn’t the biggest and best out there. https://twitter.com/danny_cryptofay/status/1587761429607768064
- There is speculation that the November announcement might be the actual building of a PEReDi (Privacy Enhanced Regulated Distributed) CBDC. A CBDC that isn’t a panopticon does sound better than the alternative. https://iohk.io/en/research/library/papers/peredi-privacy-enhanced-regulated-and-distributed-central-bank-digital-currencies/ https://twitter.com/Northern_ADA/status/1587805885379842050
- For November surprise contenders, we also still have the speculation around BMW. https://twitter.com/seenwasad/status/1574144652902555652
- Looks like IOG just acquired the talents of Dr. Vanishree Rao who led development at Mina! You’ve heard Charles mention some of the innovative work done at Mina in his AMAs. https://twitter.com/timbharrison/status/1588183693599731718
- Goldman has teamed up with Coin Metrics to unveil a new crypto classification system they are calling Datonomy. Very clever Goldman: data + taxonomy. I’m sure you focus grouped the hell out of that one. https://www.cnbc.com/2022/11/03/goldman-sachs-unveils-crypto-classification-system-aimed-at-institutional-investors.html
- You can do Cardano smart contract transactions with your Ledger hardware wallet device on an experimental basis. https://twitter.com/Ledger_Support/status/1588114156401856517
- JP Morgan has now executed its first DeFi trade according to Bloomberg. https://twitter.com/ZeMariaMacedo/status/1588225282850390018 https://www.bloomberg.com/news/articles/2022-11-02/jpmorgan-executes-its-first-defi-trade-using-public-blockchain
- The way they’re currently structured and operating, a lot of DAOs may get smashed as regulators will just view them as on-chain corporations who sold early stage securities to non-accredited investors. https://twitter.com/lex_node/status/1588184594133749760
- Jpeg Store now has bundles. This will make it much easier for anyone trying to sell a metaverse estate. https://twitter.com/jpgstoreNFT/status/1588279773331001344
- Check out this intro to Demeter Run, a “cloud environment with all the tools for building & deploying your Cardano dApp”. https://twitter.com/DemeterRun/status/1582893470015844352
- Cardanians makes a really good point about Cardano having the largest team in crypto behind it. https://twitter.com/Cardanians_io/status/1588059198461558784
- a16z thinks social media needs three separate game modes from safe space to wild west and to be governed by its users. https://a16zcrypto.com/toppling-the-internets-accidental-monarchs-how-to-design-web3-platform-governance/
- There’s a whole crypto twitter drama happening right now with the finances of FTX and Alameda that has apparently led to Binance announcing that they will sell their FTX Token holdings (Nov. 6). https://twitter.com/JohnEDeaton1/status/1589305305388621824 https://twitter.com/cz_binance/status/1589283421704290306 https://twitter.com/DU09BTC/status/1589135270103773184
- Colin from Obsidian and Lode Wallet gives us an early look at Hydra. https://twitter.com/osColinH/status/1588890270149783553
- There’s trouble in DeFi land as it’s pointed out once again that LPing in AMMs seems to very frequently involve impermanent losses outpacing fee revenue. In this case, it’s asserted that the lab behind the AMM didn’t even understand the extent of the problem due to a mismeasurement. Of course, the prospect of new DEXs with impermanent loss mitigation brings something new to the table. https://twitter.com/thiccythot_/status/1589022227437039616 https://twitter.com/ravanave/status/1589264438087266305
- LBRY announces that they lost in their case with the SEC. The ruling is pretty much the opposite of what everyone was hoping. https://twitter.com/LBRYcom/status/1589645453091827712 https://odysee.com/@lbry:3f/secvslbrysummaryjudgementruling:a
- Virtua’s mobile app is coming today (Nov 8). I’m curious to see how much of the functionality relates to their metaverse. https://twitter.com/virtua_official/status/1589691063211790337
- Pavia says only one more dev sprint until they can reveal the Plaza test event date. https://twitter.com/Pavia_io/status/1589601264102699008
- This twitter space today (Nov. 8) on audits and security includes MLabs, Runtime Verification, Simon Thompson of IOG, and Tweag. https://twitter.com/thompson_si/status/1589620874269044736
- Charles dropped a whole video on how Elon can decentralize Twitter with Doge and Cardano. https://www.youtube.com/watch?v=G7dmU2CCJo
2022.11.08 08:12 ArmyofSpies Cardano Rumor Rundown November 8, 2022
Hey Everyone!
Let’s go….
Newly Covered Today:
submitted by ArmyofSpies to cardano [link] [comments]
Let’s go….
Newly Covered Today:
- Charles dropped a whole video on how Elon can decentralize Twitter with Doge and Cardano. https://www.youtube.com/watch?v=G7dmU2CCJoY
- LBRY announces that they lost in their case with the SEC. The ruling is pretty much the opposite of what everyone was hoping. https://twitter.com/LBRYcom/status/1589645453091827712 https://odysee.com/@lbry:3f/secvslbrysummaryjudgementruling:a
- Virtua’s mobile app is coming tomorrow (Nov 8). I’m curious to see how much of the functionality relates to their metaverse. https://twitter.com/virtua_official/status/1589691063211790337
- Pavia says only one more dev sprint until they can reveal the Plaza test event date. https://twitter.com/Pavia_io/status/1589601264102699008
- This twitter space today (Nov. 8) on audits and security includes MLabs, Runtime Verification, Simon Thompson of IOG, and Tweag. https://twitter.com/thompson_si/status/1589620874269044736
- Lace has opened up the “Lace Explorers” program for anyone who wants to be first in line to try the new Lace wallet from IOG. https://www.lace.io/ https://twitter.com/IOHK_Charles/status/1581627196149444608
- The IOG Lace Presentation from Rare Bloom can be found here: https://youtu.be/eBH34WkU_2w?t=14556
- Apparently, you can make paper wallets in NMKR. https://twitter.com/nmkr_io/status/1581765372511866880
- According to MEVWatch, 53% of all blocks in ETH are now enforcing OFAC sanctions. Censorship resistance is no longer a thing in ETH. https://www.mevwatch.info/ https://twitter.com/koeppelmann/status/1580893089077809153
- The Mango Markets events have definitely taken an interesting turn. https://twitter.com/avi_eisen/status/1581326197241180160
- US Senator Hickenlooper of Colorado has requested that the SEC provide a formal regulatory process for cryptocurrencies. It would be nice to have the clarity. But, the SEC is definitely not the preferred regulator on our side of the fence. https://news.bitcoin.com/us-lawmaker-calls-on-sec-to-issue-crypto-regulations-says-a-formal-regulatory-process-is-needed-now/
- Book.io has just closed an investment from BDMI a venture capital firm which is a wholly owned subsidiary of the global media, services and education company Bertelsmann. https://www.prnewswire.com/news-releases/bdmi-invests-in-bookio-the-first-ever-nft-ebook-platform-301650304.html https://twitter.com/book_io/status/1582045180571836418
- SEC Commissioner Hester Peirce lays out the contours of what NFTs could possibly be deemed securities by the SEC. https://www.ft.com/content/e8df6ea4-e9fb-4058-9a36-cef9c12f4726
- Here’s a great discussion on what exists or will exist in Cardano to prevent widespread MEV type sequencing of transactions. https://twitter.com/liberlion17/status/1581409081276833793
- Texas securities regulators are “now investigating FTX Trading, FTX US, and their principals, including Sam BankmanFried.” https://cases.stretto.com/public/x193/11753/PLEADINGS/1175310142280000000134.pdf https://www.barrons.com/articles/ftx-us-sam-bankman-fried-probe-securities-regulator-51666020282
- Curious why your “crypto attorney” never seems to give you actionable advice. Here’s the thread for you from the Chief Legal Officer of Kraken. https://twitter.com/msantoriESQ/status/1582033096345817088
- There was a fairly small exploit of RayStake (roughly 412k ADA). Here’s the post-mortem. https://raynetwork.medium.com/franken-attack-80140b63749f
- Here’s a very interesting article on whale behavior on DEXs. https://twitter.com/SpectrumLabs_/status/1582067954132262912
- Coinbase will now allow you to mint NFTs. https://twitter.com/brian_armstrong/status/1582447497431068673
- Bitboy now thinks Cardano will flip Ethereum (eventually). https://twitter.com/Bitboy_Crypto/status/1581377266403065856
- An Ape Society NFT sold for 180k ADA. https://twitter.com/TAS_SalesBot/status/1582453748462649344
- An amicus brief in the Ooki DAO case is now challenging whether a DAO can be considered a legal “person”. https://www.coindesk.com/policy/2022/10/18/daos-arent-people-crypto-lawyers-tell-court-in-cftcs-ooki-case/
- It looks like the Aptos launch was accompanied by something far less than glowing praise. https://twitter.com/ParadigmEng420/status/1582121408548651009
- Greenland is looking into blockchain voting. https://www.computerweekly.com/news/252526273/Greenland-investigate-potential-blockchain-based-election-system
- The next FutureFest concert is going to be a multi-destination concert with several venues all built on Unity. https://twitter.com/unitygames/status/1582370930709274624
- All of the beachfront parcels on Spy Island in REACH are now gone. https://www.market.reachmetaverse.org/map
- The LexPunk Army is making public a copy of the Digital Commodities Consumer Protection Act that is making the rounds in Washington. https://github.com/LeXpunK-Army/Crypto-CaseLaw/blob/main/DCCPA%20Markup%20Latest%2010.19.22.pdf
- Here’s some great analysis on the leaked DCCPA draft. https://twitter.com/ianDAOs/status/1582897980935266304
- SBF floats his ideas on crypto regulation and people aren’t happy about it. https://www.ftxpolicy.com/posts/possible-digital-asset-industry-standards https://twitter.com/SBF_FTX/status/1582835426116575235
- Liqwid’s Agora code audit is 50% done. https://twitter.com/DCdoso/status/1583152577079701505
- It looks like the new info coming out of the SEC on NFTs is already having an effect on decisions made by NFT projects. https://twitter.com/Canadian4Crypto/status/1583090643043516416
- ADA Realm just did something really important. They made a beach bar and explicitly called it a “bar”. I approve. https://twitter.com/AdaRealm/status/1583190472591568896
- A certain youtube personality seems extremely angry at a certain Ethereum personality. https://twitter.com/WatcherGuru/status/1583202589654495232 https://www.youtube.com/watch?v=o2dhgZopyBs
- Even Representative Tom Emmer of the US Congress says we shouldn’t sacrifice decentralization or DeFi in the name of new crypto legislation. https://twitter.com/RepTomEmmestatus/1582915646157131779
- A user on FTX is reporting that he had $1.5MM USD stolen from his account. Another person is reporting a loss of $2MM USD. Brutal! The discussion seems to mention possible compromise of 3commas trading software API Keys by the attackers. The team behind 3Commas seems to be pointing to a phishing strategy by the attackers. https://twitter.com/littlesand2/status/1583830658203283456 https://twitter.com/3commas_io/status/1583571729628004352
- Shahaf Bar-Geffen makes a very important point about your future as an AI with whom your great grandchildren might interact. https://twitter.com/shahafbg/status/1584244982537277440
- Sam Bankman-Fried responds to a question about why FTX hasn’t listed spot ADA.
- Just the metrics examines Aptos as compared to more decentralized blockchains like Cardano. https://twitter.com/Soorajksaju2/status/1584133947227013120
- The ETH/EVM world is having a hard time right now trying to hash out how much of their DeFi is going to fall under the control of regulators. https://twitter.com/JonnyRhea/status/1584252081493667842 https://twitter.com/lex_node/status/1584180230297890817 https://twitter.com/SBF_FTX/status/1584184430117425152
- MuesliSwap has completed its transition to MuesliSwap v2! https://twitter.com/MuesliSwapTeam/status/1584650148273336320
- Liqwid mentions that they’ve been working with Platonic Systems and it has accelerated their launch timeline. https://twitter.com/liqwidfinance/status/1584587690712104960
- Apparently, Apple has decided that Apps in the App Store aren’t allowed to sell NFTs that unlock features in the App. https://twitter.com/wongmjane/status/1584609845570768897
- It’s reported that Twitter is working on a crypto wallet. People surmise this is an impetus for Elon’s purchase. https://twitter.com/CaitlinLong_/status/1584729157401202688
- The Pavia map is looking a lot fancier. https://pavia.io/map
- Reportedly, this video is of a fox walking past 10 Downing Street ( https://twitter.com/itvnews/status/1584976609232445440) as Rishi Sunak prepares to take his position as the next Prime Minister of the UK. No idea if this is actually current or if the fox was voluntarily there or planted. We already know that Rishi Sunak seems to be very pro-CBDC and likes BAYC more than Crypto Punks. Sunak is a familiar figure from back in April when, as Chancellor of the Exchequer he declared: “It’s my ambition to make the UK a global hub for cryptoasset technology…” https://twitter.com/hmtreasury/status/1468193641638207489 https://twitter.com/tier10k/status/1584635528695017472 https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub https://twitter.com/greyskulledm/status/1511026486798651393
- There are reports that the UK House of Commons also voted to treat cryptocurrencies as regulated financial instruments. Apparently there was even language around the inclusion of stablecoins. https://www.yahoo.com/now/uk-lawmakers-vote-recognize-crypto-153128469.html
- NMKR now has a function for you to auction off any NFT. https://twitter.com/nmkr_io/status/1584975658777972736
- Here’s the link if you missed the Rare Bloom Keynote from Charles. https://www.youtube.com/watch?v=TZ8K8FW72BA
- US cryptolaw is turning into the worst export ever. https://twitter.com/lex_node/status/1584962177739653121 https://twitter.com/brian_armstrong/status/1585001996490510336
- Nami Wallet Version 3.4.1 is out now! https://twitter.com/berry_ales/status/1585395882605903879
- Apparently, people are now paying for telemedicine on Cardano! https://twitter.com/Citaldoc/status/1583548196927983616?s=20&t=hK3-IVgaiGG7V7voRgiOuA
- Looks like A16Z is getting stung by this crypto winter! How do you say 40% mark down in their fancy abbreviation system? https://www.wsj.com/articles/andreessen-horowitz-went-all-in-on-crypto-at-the-worst-possible-time-11666769270
- Elon musk just walked into Twitter HQ with a literal sink in his hands saying “let that sink in”. This could have a significant impact on crypto if his purchase is related to the potential of Twitter as a payments network as some have surmised.
- Elizabeth Warren & AOC seem mad that crypto is now engaging in effective lobbying just like their buddies in big tech. https://punchbowl.news/wp-content/uploads/10.24-Letters-to-Regulators-re-Crypto-Revolving-Door.pdf https://www.opensecrets.org/members-of-congress/alexandria-ocasio-cortez/summary?cid=N00041162 https://www.opensecrets.org/members-of-congress/elizabeth-warren/summary?cid=N00033492
- The Monetary Authority of Singapore has proposed new crypto regulations with a special focus on stablecoins. https://www.mas.gov.sg/news/media-releases/2022/mas-proposes-measures-to-reduce-risks-to-consumers-from-cryptocurrency-trading-and-enhance-standards-of-stablecoin-related-activities
- Everyone who saw the “Day in the Life of a Meta PM” video comes away shocked at the -20% dive after the earnings report. Was the culprit rooftop avocado toast and lattes, the $3.9 billion lost on the metaverse, or the (currently) ill-fated stock buy back? Time will tell. (Oct 27). https://twitter.com/zerohedge/status/1585398981995233304 https://twitter.com/unusual_whales/status/1585376066713321472 https://twitter.com/zerohedge/status/1585374381211062273
- One of the AI generated Tim Beiko tweets is too accurate! https://twitter.com/TimBeiko/status/1585699510243950594
- Paypal just quietly reinserted the $2500 penalty if you engage in a transaction they think amounts to a “form[] of intolerance that is discriminatory”. https://twitter.com/WallStreetSilv/status/1585643176185823236
- The World Mobile Aerostat program is amazingly cool. https://twitter.com/WorldMobileTeam/status/1585715475690004481
- It looks like Army of Spies is in the running for the Educational Influencer award at the Cardano Summit 2022. Vote here: https://voting.summit.cardano.org/nominees
- Elon has consummated the transaction to acquire Twitter and the slaughter of executives has already begun. https://twitter.com/WallStreetSilv/status/158526910183167181
- IOG has released a new article on the pros and cons of changing the K parameter vs. changing the minimum fee for stakepools. https://www.essentialcardano.io/article/staking-parameters-and-network-optimization-where-next-for-k-and-min-fee https://twitter.com/InputOutputHK/status/1585600629740896257
- Even Forbes Crypto is now talking about how Cardano is #3 for NFT volume. https://twitter.com/ForbesCrypto/status/1586628979556917249
- World Mobile says it is looking to almost double the number of airnodes in Zanzibar by the end of the year. https://twitter.com/WorldMobileTeam/status/1586789320471576576
- The Cornucopias bridge from BSC to Cardano is coming today! (Oct 31). https://twitter.com/CornucopiasGame/status/1586849014611329024
- Don’t forget that the Cardano 360 for October is out and available. https://www.youtube.com/watch?v=hZRwLWKNNfQ
- Erik Voorhees crushes SBF’s logic by asking him to distinguish between KYC for DeFi front ends and KYC for email front ends. https://twitter.com/artofbagholding/status/1586117772005605376 https://twitter.com/ctaggstatus/1586104117197475844
- If front ends become a focus of regulation, we might have to move to headless dApps. https://twitter.com/ERG_Armeanio/status/1586423711350984704 https://youtu.be/temmjyKpsEU
- If you missed it check out this post from Pavia. It looks like you need to comment to get on the list for the Plaza test event. https://twitter.com/Pavia_io/status/1585939474030428160
- It looks like the Cornucopias bridge from BSC to Cardano is now live (as of Oct. 31). https://twitter.com/CornucopiasGame/status/1587110191031541761
- Check out the new weekly thread series “This Week in Cardano”. https://twitter.com/Soorajksaju2/status/1586813500596232193
- Sooraj & Laura will also have a new Cardano podcast coming soon. https://twitter.com/Soorajksaju2/status/1586998510892863488
- Somehow I totally missed this video preview of the cyberpunk themed district of the Pavia Plaza. https://twitter.com/Pavia_io/status/1580554201813618689
- Elon’s going to make the blue check mark accessible to all for $8 (or the purchasing power equivalent in your country) and also reward content creators. This could have significant effects on crypto ecosystems like Cardano that rely heavily on Twitter. https://twitter.com/elonmusk/status/1587498907336118274
- Virtua has given us a look at what the entire planet of Virtua Prime will look like including the location of Cardano Island in relation to the other land masses. https://twitter.com/VirtuaMetaverse/status/1587525839628951552
- Artifct has made a decision to shut down their marketplace. Hopefully, this will mean a focus on the moon metaverse project instead. https://twitter.com/ArtifctApp/status/1587168164336390144 https://discord.com/channels/882364185244237884/882374348638404628
- Here’s another teaser from the Pavia cyberpunk district. https://twitter.com/Pavia_io/status/1587476665516662784
- MuesliSwap has revealed some upcoming farming UI changes. https://twitter.com/MuesliSwapTeam/status/1587481326097207298
- Ardana has revealed a new roadmap. https://ardana.org/roadmap/ https://medium.com/@ardanaproject/roadmap-2-0-the-journey-to-ardana-ba59335c6303
- FutureFest just participated in the world’s first multi-destination virtual concert along with some other unity projects. https://twitter.com/futurefestxstatus/1587555369810731008
- ADA Realm is creating “The ADA Realm Council”. Anyone who holds a plot can join to help provide input into the development of the metaverse. https://discord.com/channels/903957555083087892/903971388812050462
- The U.S. Fed gave us another very unsurprising 75 basis point hike in the federal funds rate today (Nov. 2). This brings us to 3.75-4% which is the highest rate we’ve seen since January 2008. https://www.cnbc.com/2022/11/02/fed-hikes-by-another-three-quarters-of-a-point-taking-rates-to-the-highest-level-since-january-2008.html
- Apparently, Twitter has a program called Birdwatch that could be used to add “readers notes” to misleading tweets about Cardano. Maybe we should look into this to combat the psyops against Cardano. https://twitter.com/micsolana/status/1587774389264973826
- Crypto and the Howey Test are on a collision course. https://twitter.com/scotty2ten/status/1587620216938594304
- Here’s another case of a supposed news outlet trying to pretend like Cardano liquid staking isn’t the biggest and best out there. https://twitter.com/danny_cryptofay/status/1587761429607768064
- There is speculation that the November announcement might be the actual building of a PEReDi (Privacy Enhanced Regulated Distributed) CBDC. A CBDC that isn’t a panopticon does sound better than the alternative. https://iohk.io/en/research/library/papers/peredi-privacy-enhanced-regulated-and-distributed-central-bank-digital-currencies/ https://twitter.com/Northern_ADA/status/1587805885379842050
- For November surprise contenders, we also still have the speculation around BMW. https://twitter.com/seenwasad/status/1574144652902555652
- Looks like IOG just acquired the talents of Dr. Vanishree Rao who led development at Mina! You’ve heard Charles mention some of the innovative work done at Mina in his AMAs. https://twitter.com/timbharrison/status/1588183693599731718
- Goldman has teamed up with Coin Metrics to unveil a new crypto classification system they are calling Datonomy. Very clever Goldman: data + taxonomy. I’m sure you focus grouped the hell out of that one. https://www.cnbc.com/2022/11/03/goldman-sachs-unveils-crypto-classification-system-aimed-at-institutional-investors.html
- You can do Cardano smart contract transactions with your Ledger hardware wallet device on an experimental basis. https://twitter.com/Ledger_Support/status/1588114156401856517
- JP Morgan has now executed its first DeFi trade according to Bloomberg. https://twitter.com/ZeMariaMacedo/status/1588225282850390018 https://www.bloomberg.com/news/articles/2022-11-02/jpmorgan-executes-its-first-defi-trade-using-public-blockchain
- The way they’re currently structured and operating, a lot of DAOs may get smashed as regulators will just view them as on-chain corporations who sold early stage securities to non-accredited investors. https://twitter.com/lex_node/status/1588184594133749760
- Jpeg Store now has bundles. This will make it much easier for anyone trying to sell a metaverse estate. https://twitter.com/jpgstoreNFT/status/1588279773331001344
- Check out this intro to Demeter Run, a “cloud environment with all the tools for building & deploying your Cardano dApp”. https://twitter.com/DemeterRun/status/1582893470015844352
- Cardanians makes a really good point about Cardano having the largest team in crypto behind it. https://twitter.com/Cardanians_io/status/1588059198461558784
- a16z thinks social media needs three separate game modes from safe space to wild west and to be governed by its users. https://a16zcrypto.com/toppling-the-internets-accidental-monarchs-how-to-design-web3-platform-governance/
- There’s a whole crypto twitter drama happening right now with the finances of FTX and Alameda that has apparently led to Binance announcing that they will sell their FTX Token holdings (Nov. 6). https://twitter.com/JohnEDeaton1/status/1589305305388621824 https://twitter.com/cz_binance/status/1589283421704290306 https://twitter.com/DU09BTC/status/1589135270103773184
- Colin from Obsidian and Lode Wallet gives us an early look at Hydra. https://twitter.com/osColinH/status/1588890270149783553
- There’s trouble in DeFi land as it’s pointed out once again that LPing in AMMs seems to very frequently involve impermanent losses outpacing fee revenue. In this case, it’s asserted that the lab behind the AMM didn’t even understand the extent of the problem due to a mismeasurement. Of course, the prospect of new DEXs with impermanent loss mitigation brings something new to the table. https://twitter.com/thiccythot_/status/1589022227437039616 https://twitter.com/ravanave/status/1589264438087266305
2022.11.07 08:10 ArmyofSpies Cardano Rumor Rundown November 7, 2022
Hey Everyone!
Let’s go….
Newly Covered Today:
submitted by ArmyofSpies to cardano [link] [comments]
Let’s go….
Newly Covered Today:
- a16z thinks social media needs three separate game modes from safe space to wild west and to be governed by its users. https://a16zcrypto.com/toppling-the-internets-accidental-monarchs-how-to-design-web3-platform-governance/
- There’s a whole crypto twitter drama happening right now with the finances of FTX and Alameda that has apparently led to Binance announcing that they will sell their FTX Token holdings (Nov. 6). https://twitter.com/JohnEDeaton1/status/1589305305388621824 https://twitter.com/cz_binance/status/1589283421704290306 https://twitter.com/DU09BTC/status/1589135270103773184
- Colin from Obsidian and Lode Wallet gives us an early look at Hydra. https://twitter.com/osColinH/status/1588890270149783553
- There’s trouble in DeFi land as it’s pointed out once again that LPing in AMMs seems to very frequently involve impermanent losses outpacing fee revenue. In this case, it’s asserted that the lab behind the AMM didn’t even understand the extent of the problem due to a mismeasurement. Of course, the prospect of new DEXs with impermanent loss mitigation brings something new to the table. https://twitter.com/thiccythot_/status/1589022227437039616 https://twitter.com/ravanave/status/1589264438087266305
- Lace has opened up the “Lace Explorers” program for anyone who wants to be first in line to try the new Lace wallet from IOG. https://www.lace.io/ https://twitter.com/IOHK_Charles/status/1581627196149444608
- The IOG Lace Presentation from Rare Bloom can be found here: https://youtu.be/eBH34WkU_2w?t=14556
- Apparently, you can make paper wallets in NMKR. https://twitter.com/nmkr_io/status/1581765372511866880
- According to MEVWatch, 53% of all blocks in ETH are now enforcing OFAC sanctions. Censorship resistance is no longer a thing in ETH. https://www.mevwatch.info/ https://twitter.com/koeppelmann/status/1580893089077809153
- The Mango Markets events have definitely taken an interesting turn. https://twitter.com/avi_eisen/status/1581326197241180160
- US Senator Hickenlooper of Colorado has requested that the SEC provide a formal regulatory process for cryptocurrencies. It would be nice to have the clarity. But, the SEC is definitely not the preferred regulator on our side of the fence. https://news.bitcoin.com/us-lawmaker-calls-on-sec-to-issue-crypto-regulations-says-a-formal-regulatory-process-is-needed-now/
- Book.io has just closed an investment from BDMI a venture capital firm which is a wholly owned subsidiary of the global media, services and education company Bertelsmann. https://www.prnewswire.com/news-releases/bdmi-invests-in-bookio-the-first-ever-nft-ebook-platform-301650304.html https://twitter.com/book_io/status/1582045180571836418
- SEC Commissioner Hester Peirce lays out the contours of what NFTs could possibly be deemed securities by the SEC. https://www.ft.com/content/e8df6ea4-e9fb-4058-9a36-cef9c12f4726
- Here’s a great discussion on what exists or will exist in Cardano to prevent widespread MEV type sequencing of transactions. https://twitter.com/liberlion17/status/1581409081276833793
- Texas securities regulators are “now investigating FTX Trading, FTX US, and their principals, including Sam BankmanFried.” https://cases.stretto.com/public/x193/11753/PLEADINGS/1175310142280000000134.pdf https://www.barrons.com/articles/ftx-us-sam-bankman-fried-probe-securities-regulator-51666020282
- Curious why your “crypto attorney” never seems to give you actionable advice. Here’s the thread for you from the Chief Legal Officer of Kraken. https://twitter.com/msantoriESQ/status/1582033096345817088
- There was a fairly small exploit of RayStake (roughly 412k ADA). Here’s the post-mortem. https://raynetwork.medium.com/franken-attack-80140b63749f
- Here’s a very interesting article on whale behavior on DEXs. https://twitter.com/SpectrumLabs_/status/1582067954132262912
- Coinbase will now allow you to mint NFTs. https://twitter.com/brian_armstrong/status/1582447497431068673
- Bitboy now thinks Cardano will flip Ethereum (eventually). https://twitter.com/Bitboy_Crypto/status/1581377266403065856
- An Ape Society NFT sold for 180k ADA. https://twitter.com/TAS_SalesBot/status/1582453748462649344
- An amicus brief in the Ooki DAO case is now challenging whether a DAO can be considered a legal “person”. https://www.coindesk.com/policy/2022/10/18/daos-arent-people-crypto-lawyers-tell-court-in-cftcs-ooki-case/
- It looks like the Aptos launch was accompanied by something far less than glowing praise. https://twitter.com/ParadigmEng420/status/1582121408548651009
- Greenland is looking into blockchain voting. https://www.computerweekly.com/news/252526273/Greenland-investigate-potential-blockchain-based-election-system
- The next FutureFest concert is going to be a multi-destination concert with several venues all built on Unity. https://twitter.com/unitygames/status/1582370930709274624
- All of the beachfront parcels on Spy Island in REACH are now gone. https://www.market.reachmetaverse.org/map
- The LexPunk Army is making public a copy of the Digital Commodities Consumer Protection Act that is making the rounds in Washington. https://github.com/LeXpunK-Army/Crypto-CaseLaw/blob/main/DCCPA%20Markup%20Latest%2010.19.22.pdf
- Here’s some great analysis on the leaked DCCPA draft. https://twitter.com/ianDAOs/status/1582897980935266304
- SBF floats his ideas on crypto regulation and people aren’t happy about it. https://www.ftxpolicy.com/posts/possible-digital-asset-industry-standards https://twitter.com/SBF_FTX/status/1582835426116575235
- Liqwid’s Agora code audit is 50% done. https://twitter.com/DCdoso/status/1583152577079701505
- It looks like the new info coming out of the SEC on NFTs is already having an effect on decisions made by NFT projects. https://twitter.com/Canadian4Crypto/status/1583090643043516416
- ADA Realm just did something really important. They made a beach bar and explicitly called it a “bar”. I approve. https://twitter.com/AdaRealm/status/1583190472591568896
- A certain youtube personality seems extremely angry at a certain Ethereum personality. https://twitter.com/WatcherGuru/status/1583202589654495232 https://www.youtube.com/watch?v=o2dhgZopyBs
- Even Representative Tom Emmer of the US Congress says we shouldn’t sacrifice decentralization or DeFi in the name of new crypto legislation. https://twitter.com/RepTomEmmestatus/1582915646157131779
- A user on FTX is reporting that he had $1.5MM USD stolen from his account. Another person is reporting a loss of $2MM USD. Brutal! The discussion seems to mention possible compromise of 3commas trading software API Keys by the attackers. The team behind 3Commas seems to be pointing to a phishing strategy by the attackers. https://twitter.com/littlesand2/status/1583830658203283456 https://twitter.com/3commas_io/status/1583571729628004352
- Shahaf Bar-Geffen makes a very important point about your future as an AI with whom your great grandchildren might interact. https://twitter.com/shahafbg/status/1584244982537277440
- Sam Bankman-Fried responds to a question about why FTX hasn’t listed spot ADA.
- Just the metrics examines Aptos as compared to more decentralized blockchains like Cardano. https://twitter.com/Soorajksaju2/status/1584133947227013120
- The ETH/EVM world is having a hard time right now trying to hash out how much of their DeFi is going to fall under the control of regulators. https://twitter.com/JonnyRhea/status/1584252081493667842 https://twitter.com/lex_node/status/1584180230297890817 https://twitter.com/SBF_FTX/status/1584184430117425152
- MuesliSwap has completed its transition to MuesliSwap v2! https://twitter.com/MuesliSwapTeam/status/1584650148273336320
- Liqwid mentions that they’ve been working with Platonic Systems and it has accelerated their launch timeline. https://twitter.com/liqwidfinance/status/1584587690712104960
- Apparently, Apple has decided that Apps in the App Store aren’t allowed to sell NFTs that unlock features in the App. https://twitter.com/wongmjane/status/1584609845570768897
- It’s reported that Twitter is working on a crypto wallet. People surmise this is an impetus for Elon’s purchase. https://twitter.com/CaitlinLong_/status/1584729157401202688
- The Pavia map is looking a lot fancier. https://pavia.io/map
- Reportedly, this video is of a fox walking past 10 Downing Street ( https://twitter.com/itvnews/status/1584976609232445440) as Rishi Sunak prepares to take his position as the next Prime Minister of the UK. No idea if this is actually current or if the fox was voluntarily there or planted. We already know that Rishi Sunak seems to be very pro-CBDC and likes BAYC more than Crypto Punks. Sunak is a familiar figure from back in April when, as Chancellor of the Exchequer he declared: “It’s my ambition to make the UK a global hub for cryptoasset technology…” https://twitter.com/hmtreasury/status/1468193641638207489 https://twitter.com/tier10k/status/1584635528695017472 https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub https://twitter.com/greyskulledm/status/1511026486798651393
- There are reports that the UK House of Commons also voted to treat cryptocurrencies as regulated financial instruments. Apparently there was even language around the inclusion of stablecoins. https://www.yahoo.com/now/uk-lawmakers-vote-recognize-crypto-153128469.html
- NMKR now has a function for you to auction off any NFT. https://twitter.com/nmkr_io/status/1584975658777972736
- Here’s the link if you missed the Rare Bloom Keynote from Charles. https://www.youtube.com/watch?v=TZ8K8FW72BA
- US cryptolaw is turning into the worst export ever. https://twitter.com/lex_node/status/1584962177739653121 https://twitter.com/brian_armstrong/status/1585001996490510336
- Nami Wallet Version 3.4.1 is out now! https://twitter.com/berry_ales/status/1585395882605903879
- Apparently, people are now paying for telemedicine on Cardano! https://twitter.com/Citaldoc/status/1583548196927983616?s=20&t=hK3-IVgaiGG7V7voRgiOuA
- Looks like A16Z is getting stung by this crypto winter! How do you say 40% mark down in their fancy abbreviation system? https://www.wsj.com/articles/andreessen-horowitz-went-all-in-on-crypto-at-the-worst-possible-time-11666769270
- Elon musk just walked into Twitter HQ with a literal sink in his hands saying “let that sink in”. This could have a significant impact on crypto if his purchase is related to the potential of Twitter as a payments network as some have surmised.
- Elizabeth Warren & AOC seem mad that crypto is now engaging in effective lobbying just like their buddies in big tech. https://punchbowl.news/wp-content/uploads/10.24-Letters-to-Regulators-re-Crypto-Revolving-Door.pdf https://www.opensecrets.org/members-of-congress/alexandria-ocasio-cortez/summary?cid=N00041162 https://www.opensecrets.org/members-of-congress/elizabeth-warren/summary?cid=N00033492
- The Monetary Authority of Singapore has proposed new crypto regulations with a special focus on stablecoins. https://www.mas.gov.sg/news/media-releases/2022/mas-proposes-measures-to-reduce-risks-to-consumers-from-cryptocurrency-trading-and-enhance-standards-of-stablecoin-related-activities
- Everyone who saw the “Day in the Life of a Meta PM” video comes away shocked at the -20% dive after the earnings report. Was the culprit rooftop avocado toast and lattes, the $3.9 billion lost on the metaverse, or the (currently) ill-fated stock buy back? Time will tell. (Oct 27). https://twitter.com/zerohedge/status/1585398981995233304 https://twitter.com/unusual_whales/status/1585376066713321472 https://twitter.com/zerohedge/status/1585374381211062273
- One of the AI generated Tim Beiko tweets is too accurate! https://twitter.com/TimBeiko/status/1585699510243950594
- Paypal just quietly reinserted the $2500 penalty if you engage in a transaction they think amounts to a “form[] of intolerance that is discriminatory”. https://twitter.com/WallStreetSilv/status/1585643176185823236
- The World Mobile Aerostat program is amazingly cool. https://twitter.com/WorldMobileTeam/status/1585715475690004481
- It looks like Army of Spies is in the running for the Educational Influencer award at the Cardano Summit 2022. Vote here: https://voting.summit.cardano.org/nominees
- Elon has consummated the transaction to acquire Twitter and the slaughter of executives has already begun. https://twitter.com/WallStreetSilv/status/158526910183167181
- IOG has released a new article on the pros and cons of changing the K parameter vs. changing the minimum fee for stakepools. https://www.essentialcardano.io/article/staking-parameters-and-network-optimization-where-next-for-k-and-min-fee https://twitter.com/InputOutputHK/status/1585600629740896257
- Even Forbes Crypto is now talking about how Cardano is #3 for NFT volume. https://twitter.com/ForbesCrypto/status/1586628979556917249
- World Mobile says it is looking to almost double the number of airnodes in Zanzibar by the end of the year. https://twitter.com/WorldMobileTeam/status/1586789320471576576
- The Cornucopias bridge from BSC to Cardano is coming today! (Oct 31). https://twitter.com/CornucopiasGame/status/1586849014611329024
- Don’t forget that the Cardano 360 for October is out and available. https://www.youtube.com/watch?v=hZRwLWKNNfQ
- Erik Voorhees crushes SBF’s logic by asking him to distinguish between KYC for DeFi front ends and KYC for email front ends. https://twitter.com/artofbagholding/status/1586117772005605376 https://twitter.com/ctaggstatus/1586104117197475844
- If front ends become a focus of regulation, we might have to move to headless dApps. https://twitter.com/ERG_Armeanio/status/1586423711350984704 https://youtu.be/temmjyKpsEU
- If you missed it check out this post from Pavia. It looks like you need to comment to get on the list for the Plaza test event. https://twitter.com/Pavia_io/status/1585939474030428160
- It looks like the Cornucopias bridge from BSC to Cardano is now live (as of Oct. 31). https://twitter.com/CornucopiasGame/status/1587110191031541761
- Check out the new weekly thread series “This Week in Cardano”. https://twitter.com/Soorajksaju2/status/1586813500596232193
- Sooraj & Laura will also have a new Cardano podcast coming soon. https://twitter.com/Soorajksaju2/status/1586998510892863488
- Somehow I totally missed this video preview of the cyberpunk themed district of the Pavia Plaza. https://twitter.com/Pavia_io/status/1580554201813618689
- Elon’s going to make the blue check mark accessible to all for $8 (or the purchasing power equivalent in your country) and also reward content creators. This could have significant effects on crypto ecosystems like Cardano that rely heavily on Twitter. https://twitter.com/elonmusk/status/1587498907336118274
- Virtua has given us a look at what the entire planet of Virtua Prime will look like including the location of Cardano Island in relation to the other land masses. https://twitter.com/VirtuaMetaverse/status/1587525839628951552
- Artifct has made a decision to shut down their marketplace. Hopefully, this will mean a focus on the moon metaverse project instead. https://twitter.com/ArtifctApp/status/1587168164336390144 https://discord.com/channels/882364185244237884/882374348638404628
- Here’s another teaser from the Pavia cyberpunk district. https://twitter.com/Pavia_io/status/1587476665516662784
- MuesliSwap has revealed some upcoming farming UI changes. https://twitter.com/MuesliSwapTeam/status/1587481326097207298
- Ardana has revealed a new roadmap. https://ardana.org/roadmap/ https://medium.com/@ardanaproject/roadmap-2-0-the-journey-to-ardana-ba59335c6303
- FutureFest just participated in the world’s first multi-destination virtual concert along with some other unity projects. https://twitter.com/futurefestxstatus/1587555369810731008
- ADA Realm is creating “The ADA Realm Council”. Anyone who holds a plot can join to help provide input into the development of the metaverse. https://discord.com/channels/903957555083087892/903971388812050462
- The U.S. Fed gave us another very unsurprising 75 basis point hike in the federal funds rate today (Nov. 2). This brings us to 3.75-4% which is the highest rate we’ve seen since January 2008. https://www.cnbc.com/2022/11/02/fed-hikes-by-another-three-quarters-of-a-point-taking-rates-to-the-highest-level-since-january-2008.html
- Apparently, Twitter has a program called Birdwatch that could be used to add “readers notes” to misleading tweets about Cardano. Maybe we should look into this to combat the psyops against Cardano. https://twitter.com/micsolana/status/1587774389264973826
- Crypto and the Howey Test are on a collision course. https://twitter.com/scotty2ten/status/1587620216938594304
- Here’s another case of a supposed news outlet trying to pretend like Cardano liquid staking isn’t the biggest and best out there. https://twitter.com/danny_cryptofay/status/1587761429607768064
- There is speculation that the November announcement might be the actual building of a PEReDi (Privacy Enhanced Regulated Distributed) CBDC. A CBDC that isn’t a panopticon does sound better than the alternative. https://iohk.io/en/research/library/papers/peredi-privacy-enhanced-regulated-and-distributed-central-bank-digital-currencies/ https://twitter.com/Northern_ADA/status/1587805885379842050
- For November surprise contenders, we also still have the speculation around BMW. https://twitter.com/seenwasad/status/1574144652902555652
- Looks like IOG just acquired the talents of Dr. Vanishree Rao who led development at Mina! You’ve heard Charles mention some of the innovative work done at Mina in his AMAs. https://twitter.com/timbharrison/status/1588183693599731718
- Goldman has teamed up with Coin Metrics to unveil a new crypto classification system they are calling Datonomy. Very clever Goldman: data + taxonomy. I’m sure you focus grouped the hell out of that one. https://www.cnbc.com/2022/11/03/goldman-sachs-unveils-crypto-classification-system-aimed-at-institutional-investors.html
- You can do Cardano smart contract transactions with your Ledger hardware wallet device on an experimental basis. https://twitter.com/Ledger_Support/status/1588114156401856517
- JP Morgan has now executed its first DeFi trade according to Bloomberg. https://twitter.com/ZeMariaMacedo/status/1588225282850390018 https://www.bloomberg.com/news/articles/2022-11-02/jpmorgan-executes-its-first-defi-trade-using-public-blockchain
- The way they’re currently structured and operating, a lot of DAOs may get smashed as regulators will just view them as on-chain corporations who sold early stage securities to non-accredited investors. https://twitter.com/lex_node/status/1588184594133749760
- Jpeg Store now has bundles. This will make it much easier for anyone trying to sell a metaverse estate. https://twitter.com/jpgstoreNFT/status/1588279773331001344
- Check out this intro to Demeter Run, a “cloud environment with all the tools for building & deploying your Cardano dApp”. https://twitter.com/DemeterRun/status/1582893470015844352
- Cardanians makes a really good point about Cardano having the largest team in crypto behind it. https://twitter.com/Cardanians_io/status/1588059198461558784
2022.11.04 07:04 ArmyofSpies Cardano Rumor Rundown November 3, 2022
Hey Everyone!
Let’s go….
Newly Covered Today:
submitted by ArmyofSpies to cardano [link] [comments]
Let’s go….
Newly Covered Today:
- Looks like IOG just acquired the talents of Dr. Vanishree Rao who led development at Mina! You’ve heard Charles mention some of the innovative work done at Mina in his AMAs. https://twitter.com/timbharrison/status/1588183693599731718
- Goldman has teamed up with Coin Metrics to unveil a new crypto classification system they are calling Datonomy. Very clever Goldman: data + taxonomy. I’m sure you focus grouped the hell out of that one. https://www.cnbc.com/2022/11/03/goldman-sachs-unveils-crypto-classification-system-aimed-at-institutional-investors.html
- You can do Cardano smart contract transactions with your Ledger hardware wallet device on an experimental basis. https://twitter.com/Ledger_Support/status/1588114156401856517
- JP Morgan has now executed its first DeFi trade according to Bloomberg. https://twitter.com/ZeMariaMacedo/status/1588225282850390018 https://www.bloomberg.com/news/articles/2022-11-02/jpmorgan-executes-its-first-defi-trade-using-public-blockchain
- The way they’re currently structured and operating, a lot of DAOs may get smashed as regulators will just view them as on-chain corporations who sold early stage securities to non-accredited investors. https://twitter.com/lex_node/status/1588184594133749760
- Jpeg Store now has bundles. This will make it much easier for anyone trying to sell a metaverse estate. https://twitter.com/jpgstoreNFT/status/1588279773331001344
- Check out this intro to Demeter Run, a “cloud environment with all the tools for building & deploying your Cardano dApp”. https://twitter.com/DemeterRun/status/1582893470015844352
- Cardanians makes a really good point about Cardano having the largest team in crypto behind it. https://twitter.com/Cardanians_io/status/1588059198461558784
- Lace has opened up the “Lace Explorers” program for anyone who wants to be first in line to try the new Lace wallet from IOG. https://www.lace.io/ https://twitter.com/IOHK_Charles/status/1581627196149444608
- The IOG Lace Presentation from Rare Bloom can be found here: https://youtu.be/eBH34WkU_2w?t=14556
- Apparently, you can make paper wallets in NMKR. https://twitter.com/nmkr_io/status/1581765372511866880
- According to MEVWatch, 53% of all blocks in ETH are now enforcing OFAC sanctions. Censorship resistance is no longer a thing in ETH. https://www.mevwatch.info/ https://twitter.com/koeppelmann/status/1580893089077809153
- The Mango Markets events have definitely taken an interesting turn. https://twitter.com/avi_eisen/status/1581326197241180160
- US Senator Hickenlooper of Colorado has requested that the SEC provide a formal regulatory process for cryptocurrencies. It would be nice to have the clarity. But, the SEC is definitely not the preferred regulator on our side of the fence. https://news.bitcoin.com/us-lawmaker-calls-on-sec-to-issue-crypto-regulations-says-a-formal-regulatory-process-is-needed-now/
- Book.io has just closed an investment from BDMI a venture capital firm which is a wholly owned subsidiary of the global media, services and education company Bertelsmann. https://www.prnewswire.com/news-releases/bdmi-invests-in-bookio-the-first-ever-nft-ebook-platform-301650304.html https://twitter.com/book_io/status/1582045180571836418
- SEC Commissioner Hester Peirce lays out the contours of what NFTs could possibly be deemed securities by the SEC. https://www.ft.com/content/e8df6ea4-e9fb-4058-9a36-cef9c12f4726
- Here’s a great discussion on what exists or will exist in Cardano to prevent widespread MEV type sequencing of transactions. https://twitter.com/liberlion17/status/1581409081276833793
- Texas securities regulators are “now investigating FTX Trading, FTX US, and their principals, including Sam BankmanFried.” https://cases.stretto.com/public/x193/11753/PLEADINGS/1175310142280000000134.pdf https://www.barrons.com/articles/ftx-us-sam-bankman-fried-probe-securities-regulator-51666020282
- Curious why your “crypto attorney” never seems to give you actionable advice. Here’s the thread for you from the Chief Legal Officer of Kraken. https://twitter.com/msantoriESQ/status/1582033096345817088
- There was a fairly small exploit of RayStake (roughly 412k ADA). Here’s the post-mortem. https://raynetwork.medium.com/franken-attack-80140b63749f
- Here’s a very interesting article on whale behavior on DEXs. https://twitter.com/SpectrumLabs_/status/1582067954132262912
- Coinbase will now allow you to mint NFTs. https://twitter.com/brian_armstrong/status/1582447497431068673
- Bitboy now thinks Cardano will flip Ethereum (eventually). https://twitter.com/Bitboy_Crypto/status/1581377266403065856
- An Ape Society NFT sold for 180k ADA. https://twitter.com/TAS_SalesBot/status/1582453748462649344
- An amicus brief in the Ooki DAO case is now challenging whether a DAO can be considered a legal “person”. https://www.coindesk.com/policy/2022/10/18/daos-arent-people-crypto-lawyers-tell-court-in-cftcs-ooki-case/
- It looks like the Aptos launch was accompanied by something far less than glowing praise. https://twitter.com/ParadigmEng420/status/1582121408548651009
- Greenland is looking into blockchain voting. https://www.computerweekly.com/news/252526273/Greenland-investigate-potential-blockchain-based-election-system
- The next FutureFest concert is going to be a multi-destination concert with several venues all built on Unity. https://twitter.com/unitygames/status/1582370930709274624
- All of the beachfront parcels on Spy Island in REACH are now gone. https://www.market.reachmetaverse.org/map
- The LexPunk Army is making public a copy of the Digital Commodities Consumer Protection Act that is making the rounds in Washington. https://github.com/LeXpunK-Army/Crypto-CaseLaw/blob/main/DCCPA%20Markup%20Latest%2010.19.22.pdf
- Here’s some great analysis on the leaked DCCPA draft. https://twitter.com/ianDAOs/status/1582897980935266304
- SBF floats his ideas on crypto regulation and people aren’t happy about it. https://www.ftxpolicy.com/posts/possible-digital-asset-industry-standards https://twitter.com/SBF_FTX/status/1582835426116575235
- Liqwid’s Agora code audit is 50% done. https://twitter.com/DCdoso/status/1583152577079701505
- It looks like the new info coming out of the SEC on NFTs is already having an effect on decisions made by NFT projects. https://twitter.com/Canadian4Crypto/status/1583090643043516416
- ADA Realm just did something really important. They made a beach bar and explicitly called it a “bar”. I approve. https://twitter.com/AdaRealm/status/1583190472591568896
- A certain youtube personality seems extremely angry at a certain Ethereum personality. https://twitter.com/WatcherGuru/status/1583202589654495232 https://www.youtube.com/watch?v=o2dhgZopyBs
- Even Representative Tom Emmer of the US Congress says we shouldn’t sacrifice decentralization or DeFi in the name of new crypto legislation. https://twitter.com/RepTomEmmestatus/1582915646157131779
- A user on FTX is reporting that he had $1.5MM USD stolen from his account. Another person is reporting a loss of $2MM USD. Brutal! The discussion seems to mention possible compromise of 3commas trading software API Keys by the attackers. The team behind 3Commas seems to be pointing to a phishing strategy by the attackers. https://twitter.com/littlesand2/status/1583830658203283456 https://twitter.com/3commas_io/status/1583571729628004352
- Shahaf Bar-Geffen makes a very important point about your future as an AI with whom your great grandchildren might interact. https://twitter.com/shahafbg/status/1584244982537277440
- Sam Bankman-Fried responds to a question about why FTX hasn’t listed spot ADA.
- Just the metrics examines Aptos as compared to more decentralized blockchains like Cardano. https://twitter.com/Soorajksaju2/status/1584133947227013120
- The ETH/EVM world is having a hard time right now trying to hash out how much of their DeFi is going to fall under the control of regulators. https://twitter.com/JonnyRhea/status/1584252081493667842 https://twitter.com/lex_node/status/1584180230297890817 https://twitter.com/SBF_FTX/status/1584184430117425152
- MuesliSwap has completed its transition to MuesliSwap v2! https://twitter.com/MuesliSwapTeam/status/1584650148273336320
- Liqwid mentions that they’ve been working with Platonic Systems and it has accelerated their launch timeline. https://twitter.com/liqwidfinance/status/1584587690712104960
- Apparently, Apple has decided that Apps in the App Store aren’t allowed to sell NFTs that unlock features in the App. https://twitter.com/wongmjane/status/1584609845570768897
- It’s reported that Twitter is working on a crypto wallet. People surmise this is an impetus for Elon’s purchase. https://twitter.com/CaitlinLong_/status/1584729157401202688
- The Pavia map is looking a lot fancier. https://pavia.io/map
- Reportedly, this video is of a fox walking past 10 Downing Street ( https://twitter.com/itvnews/status/1584976609232445440) as Rishi Sunak prepares to take his position as the next Prime Minister of the UK. No idea if this is actually current or if the fox was voluntarily there or planted. We already know that Rishi Sunak seems to be very pro-CBDC and likes BAYC more than Crypto Punks. Sunak is a familiar figure from back in April when, as Chancellor of the Exchequer he declared: “It’s my ambition to make the UK a global hub for cryptoasset technology…” https://twitter.com/hmtreasury/status/1468193641638207489 https://twitter.com/tier10k/status/1584635528695017472 https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub https://twitter.com/greyskulledm/status/1511026486798651393
- There are reports that the UK House of Commons also voted to treat cryptocurrencies as regulated financial instruments. Apparently there was even language around the inclusion of stablecoins. https://www.yahoo.com/now/uk-lawmakers-vote-recognize-crypto-153128469.html
- NMKR now has a function for you to auction off any NFT. https://twitter.com/nmkr_io/status/1584975658777972736
- Here’s the link if you missed the Rare Bloom Keynote from Charles. https://www.youtube.com/watch?v=TZ8K8FW72BA
- US cryptolaw is turning into the worst export ever. https://twitter.com/lex_node/status/1584962177739653121 https://twitter.com/brian_armstrong/status/1585001996490510336
- Nami Wallet Version 3.4.1 is out now! https://twitter.com/berry_ales/status/1585395882605903879
- Apparently, people are now paying for telemedicine on Cardano! https://twitter.com/Citaldoc/status/1583548196927983616?s=20&t=hK3-IVgaiGG7V7voRgiOuA
- Looks like A16Z is getting stung by this crypto winter! How do you say 40% mark down in their fancy abbreviation system? https://www.wsj.com/articles/andreessen-horowitz-went-all-in-on-crypto-at-the-worst-possible-time-11666769270
- Elon musk just walked into Twitter HQ with a literal sink in his hands saying “let that sink in”. This could have a significant impact on crypto if his purchase is related to the potential of Twitter as a payments network as some have surmised.
- Elizabeth Warren & AOC seem mad that crypto is now engaging in effective lobbying just like their buddies in big tech. https://punchbowl.news/wp-content/uploads/10.24-Letters-to-Regulators-re-Crypto-Revolving-Door.pdf https://www.opensecrets.org/members-of-congress/alexandria-ocasio-cortez/summary?cid=N00041162 https://www.opensecrets.org/members-of-congress/elizabeth-warren/summary?cid=N00033492
- The Monetary Authority of Singapore has proposed new crypto regulations with a special focus on stablecoins. https://www.mas.gov.sg/news/media-releases/2022/mas-proposes-measures-to-reduce-risks-to-consumers-from-cryptocurrency-trading-and-enhance-standards-of-stablecoin-related-activities
- Everyone who saw the “Day in the Life of a Meta PM” video comes away shocked at the -20% dive after the earnings report. Was the culprit rooftop avocado toast and lattes, the $3.9 billion lost on the metaverse, or the (currently) ill-fated stock buy back? Time will tell. (Oct 27). https://twitter.com/zerohedge/status/1585398981995233304 https://twitter.com/unusual_whales/status/1585376066713321472 https://twitter.com/zerohedge/status/1585374381211062273
- One of the AI generated Tim Beiko tweets is too accurate! https://twitter.com/TimBeiko/status/1585699510243950594
- Paypal just quietly reinserted the $2500 penalty if you engage in a transaction they think amounts to a “form[] of intolerance that is discriminatory”. https://twitter.com/WallStreetSilv/status/1585643176185823236
- The World Mobile Aerostat program is amazingly cool. https://twitter.com/WorldMobileTeam/status/1585715475690004481
- It looks like Army of Spies is in the running for the Educational Influencer award at the Cardano Summit 2022. Vote here: https://voting.summit.cardano.org/nominees
- Elon has consummated the transaction to acquire Twitter and the slaughter of executives has already begun. https://twitter.com/WallStreetSilv/status/158526910183167181
- IOG has released a new article on the pros and cons of changing the K parameter vs. changing the minimum fee for stakepools. https://www.essentialcardano.io/article/staking-parameters-and-network-optimization-where-next-for-k-and-min-fee https://twitter.com/InputOutputHK/status/1585600629740896257
- Even Forbes Crypto is now talking about how Cardano is #3 for NFT volume. https://twitter.com/ForbesCrypto/status/1586628979556917249
- World Mobile says it is looking to almost double the number of airnodes in Zanzibar by the end of the year. https://twitter.com/WorldMobileTeam/status/1586789320471576576
- The Cornucopias bridge from BSC to Cardano is coming today! (Oct 31). https://twitter.com/CornucopiasGame/status/1586849014611329024
- Don’t forget that the Cardano 360 for October is out and available. https://www.youtube.com/watch?v=hZRwLWKNNfQ
- Erik Voorhees crushes SBF’s logic by asking him to distinguish between KYC for DeFi front ends and KYC for email front ends. https://twitter.com/artofbagholding/status/1586117772005605376 https://twitter.com/ctaggstatus/1586104117197475844
- If front ends become a focus of regulation, we might have to move to headless dApps. https://twitter.com/ERG_Armeanio/status/1586423711350984704 https://youtu.be/temmjyKpsEU
- If you missed it check out this post from Pavia. It looks like you need to comment to get on the list for the Plaza test event. https://twitter.com/Pavia_io/status/1585939474030428160
- It looks like the Cornucopias bridge from BSC to Cardano is now live (as of Oct. 31). https://twitter.com/CornucopiasGame/status/1587110191031541761
- Check out the new weekly thread series “This Week in Cardano”. https://twitter.com/Soorajksaju2/status/1586813500596232193
- Sooraj & Laura will also have a new Cardano podcast coming soon. https://twitter.com/Soorajksaju2/status/1586998510892863488
- Somehow I totally missed this video preview of the cyberpunk themed district of the Pavia Plaza. https://twitter.com/Pavia_io/status/1580554201813618689
- Elon’s going to make the blue check mark accessible to all for $8 (or the purchasing power equivalent in your country) and also reward content creators. This could have significant effects on crypto ecosystems like Cardano that rely heavily on Twitter. https://twitter.com/elonmusk/status/1587498907336118274
- Virtua has given us a look at what the entire planet of Virtua Prime will look like including the location of Cardano Island in relation to the other land masses. https://twitter.com/VirtuaMetaverse/status/1587525839628951552
- Artifct has made a decision to shut down their marketplace. Hopefully, this will mean a focus on the moon metaverse project instead. https://twitter.com/ArtifctApp/status/1587168164336390144 https://discord.com/channels/882364185244237884/882374348638404628
- Here’s another teaser from the Pavia cyberpunk district. https://twitter.com/Pavia_io/status/1587476665516662784
- MuesliSwap has revealed some upcoming farming UI changes. https://twitter.com/MuesliSwapTeam/status/1587481326097207298
- Ardana has revealed a new roadmap. https://ardana.org/roadmap/ https://medium.com/@ardanaproject/roadmap-2-0-the-journey-to-ardana-ba59335c6303
- FutureFest just participated in the world’s first multi-destination virtual concert along with some other unity projects. https://twitter.com/futurefestxstatus/1587555369810731008
- ADA Realm is creating “The ADA Realm Council”. Anyone who holds a plot can join to help provide input into the development of the metaverse. https://discord.com/channels/903957555083087892/903971388812050462
- The U.S. Fed gave us another very unsurprising 75 basis point hike in the federal funds rate today (Nov. 2). This brings us to 3.75-4% which is the highest rate we’ve seen since January 2008. https://www.cnbc.com/2022/11/02/fed-hikes-by-another-three-quarters-of-a-point-taking-rates-to-the-highest-level-since-january-2008.html
- Apparently, Twitter has a program called Birdwatch that could be used to add “readers notes” to misleading tweets about Cardano. Maybe we should look into this to combat the psyops against Cardano. https://twitter.com/micsolana/status/1587774389264973826
- Crypto and the Howey Test are on a collision course. https://twitter.com/scotty2ten/status/1587620216938594304
- Here’s another case of a supposed news outlet trying to pretend like Cardano liquid staking isn’t the biggest and best out there. https://twitter.com/danny_cryptofay/status/1587761429607768064
- There is speculation that the November announcement might be the actual building of a PEReDi (Privacy Enhanced Regulated Distributed) CBDC. A CBDC that isn’t a panopticon does sound better than the alternative. https://iohk.io/en/research/library/papers/peredi-privacy-enhanced-regulated-and-distributed-central-bank-digital-currencies/ https://twitter.com/Northern_ADA/status/1587805885379842050
- For November surprise contenders, we also still have the speculation around BMW. https://twitter.com/seenwasad/status/1574144652902555652
2022.11.03 07:01 ArmyofSpies Cardano Rumor Rundown November 3, 2022
Hey Everyone!
Let’s go….
Newly Covered Today:
submitted by ArmyofSpies to cardano [link] [comments]
Let’s go….
Newly Covered Today:
- The U.S. Fed gave us another very unsurprising 75 basis point hike in the federal funds rate today (Nov. 2). This brings us to 3.75-4% which is the highest rate we’ve seen since January 2008. https://www.cnbc.com/2022/11/02/fed-hikes-by-another-three-quarters-of-a-point-taking-rates-to-the-highest-level-since-january-2008.html
- Apparently, Twitter has a program called Birdwatch that could be used to add “readers notes” to misleading tweets about Cardano. Maybe we should look into this to combat the psyops against Cardano. https://twitter.com/micsolana/status/1587774389264973826
- Crypto and the Howey Test are on a collision course. https://twitter.com/scotty2ten/status/1587620216938594304
- Here’s another case of a supposed news outlet trying to pretend like Cardano liquid staking isn’t the biggest and best out there. https://twitter.com/danny_cryptofay/status/1587761429607768064
- There is speculation that the November announcement might be the actual building of the PEReDi (Privacy Enhanced Regulated Distributed) CBDC. A CBDC that isn’t a panopticon does sound better than the alternative. https://iohk.io/en/research/library/papers/peredi-privacy-enhanced-regulated-and-distributed-central-bank-digital-currencies/ https://twitter.com/Northern_ADA/status/1587805885379842050
- For November surprise contenders, we also still have the speculation around BMW. https://twitter.com/seenwasad/status/1574144652902555652
- Looks like everyone had a great time at CNFTCON. https://twitter.com/jj_silestatus/1578908621496143873
- Charles pointed out that SEC & CFTC being ill-equipped to regulate crypto is actually a much bigger issue than any possibility of a shadow conspiracy between ETH and the SEC as some have suggested in relation to the Ripple-SEC litigation (and of course everyone freaked out). https://twitter.com/digitalassetbuy/status/1578557810136125440
- Paypal updated its Acceptable Use Policy to give you notice that they can fine you $2500 for posting misinformation. A huge backlash ensued with many closing accounts. Then they said that language was never supposed to be included. Time for decentralization! Former founders say it goes against everything they believe in. https://twitter.com/1970Brat/status/1578596182225321986 https://www.dailywire.com/news/new-paypal-policy-lets-company-pull-2500-from-users-accounts-if-they-promote-misinformation https://twitter.com/elonmusk/status/1578815879445217280
- Indigo has posted a demo of their web app. https://twitter.com/Indigo_protocol/status/1578762462639230976
- Cornucopias had some great looking demos at their booth in Vegas. https://twitter.com/keyofjoshua/status/1578805488942084097 https://twitter.com/keyofjoshua/status/1578789601824473091
- Virtua has partnered with Shelby (the automotive company…not the Peaky Blinders). https://twitter.com/VirtuaMetaverse/status/1579228939813543936
- Apparently, the Nobel Prize for Economics decided to be a satire of itself this year by including Ben Bernanke as an awardee. https://twitter.com/BitcoinMagazine/status/1579423178912575491
- Phase 2 of the Indigo DAO Kickstart is ramping up with a governance temperature check on adoption of the Indigo Foundation which is a Cayman Islands entity established in September 2022. https://twitter.com/Indigo_protocol/status/1579472642272550912 https://forum.indigoprotocol.io/t/proposal-to-adopt-the-creation-of-the-indigo-foundation/11360
- Laura & Sooraj analyze Iota in Just the Metrics. https://twitter.com/Soorajksaju2/status/1579166201816973312
- Jaime Dimon is predicting a likely recession in 6-9 months. https://www.cnbc.com/2022/10/10/jpmorgan-jamie-dimon-warns-us-likely-to-tip-into-recession-soon.html
- MuesliSwap will be kicking off a Liquidity Bootstrapping Event on Oct 12th. The addition of ADA liquidity to the pool will work in a way inspired by the Zap-In function on MinSwap. https://twitter.com/MuesliSwapTeam/status/1579935297940647936 https://medium.com/@muesliswap/milk-liquidity-pool-bootstrapping-event-3af1bc256de0
- NMKR is adding Decentralized Identity to NFT collections. https://twitter.com/nmkr_io/status/1579766157867126784
- Charles was interviewed again by Maria Bartiromo on Fox Business. https://twitter.com/timbharrison/status/1579886248155811841 https://video.foxbusiness.com/v/6313598392112#sp=show-clips
- The SEC is now investigating Yuga Labs (creators of the Bored Ape Yacht Club) related to whether APE coin and even some of their NFTs may be securities. This is a pretty big step in a bad direction since many in crypto regarded NFTs as less risky in terms of securities regulation. https://www.bloomberg.com/news/articles/2022-10-11/bored-ape-creator-yuga-labs-faces-sec-probe-over-unregistered-offerings https://twitter.com/zin_esq/status/1504217688469504000 https://www.cryptoratingcouncil.com/asset-ratings https://assets.website-files.com/5d766f847039d787f8a99a02/609998f89636a3f99c8429c6_CRC%20Securities%20Law%20Framework.pdf
- It looks like IOG has begun the run up to the Lace wallet release. https://twitter.com/InputOutputHK/status/1579508405211107330
- Coincenter has filed a complaint against OFAC for sanctioning Tornado Cash. https://twitter.com/lex_node/status/1580242673415299072
- It looks like Virtua is kicking off their sale of the rest of Virtua Prime (beyond Cardano Island) and they gave everyone a peek of what “Virtua Island” will look like. https://island.virtua.com/
- Axo has partnered with IAMX which is an identity management platform. https://twitter.com/axotrade/status/1580166314097668098
- Charles is fresh back from DC Fintech Week with Georgetown Law Professor Chris Brummer. https://twitter.com/InputOutputHK/status/1580281704127770625
- Liqwid says the on-chain and off-chain portions of its initial oracle and liquidity contracts are built! https://twitter.com/liqwidfinance/status/1580279200698671104
- CNN is accused of an NFT rugpull. https://www.pcgamer.com/cnn-faces-accusations-of-an-nft-rug-pull/
- The Robbery Forest is most fun to watch (with binoculars from CardanoLand) when the robbers try to negotiate with their victims. This time it was the Solana-Mango section of the forest. https://twitter.com/hosseeb/status/1580178798061883394
- SundaeSwap has released a demo of their platform running on Hydra! https://twitter.com/SundaeSwap/status/1580969361892085762
- Charles seems to have once again been very available to the community at Rare Bloom with the poncho in full effect this time. https://twitter.com/conraddit/status/1581651934196269056
- Charli3 says it’s oracle is now live on main net. https://twitter.com/Oraclecharli3/status/1581406625058824192
- Lace has opened up the “Lace Explorers” program for anyone who wants to be first in line to try the new Lace wallet from IOG. https://www.lace.io/ https://twitter.com/IOHK_Charles/status/1581627196149444608
- The IOG Lace Presentation from Rare Bloom can be found here: https://youtu.be/eBH34WkU_2w?t=14556
- Apparently, you can make paper wallets in NMKR. https://twitter.com/nmkr_io/status/1581765372511866880
- According to MEVWatch, 53% of all blocks in ETH are now enforcing OFAC sanctions. Censorship resistance is no longer a thing in ETH. https://www.mevwatch.info/ https://twitter.com/koeppelmann/status/1580893089077809153
- The Mango Markets events have definitely taken an interesting turn. https://twitter.com/avi_eisen/status/1581326197241180160
- US Senator Hickenlooper of Colorado has requested that the SEC provide a formal regulatory process for cryptocurrencies. It would be nice to have the clarity. But, the SEC is definitely not the preferred regulator on our side of the fence. https://news.bitcoin.com/us-lawmaker-calls-on-sec-to-issue-crypto-regulations-says-a-formal-regulatory-process-is-needed-now/
- Book.io has just closed an investment from BDMI a venture capital firm which is a wholly owned subsidiary of the global media, services and education company Bertelsmann. https://www.prnewswire.com/news-releases/bdmi-invests-in-bookio-the-first-ever-nft-ebook-platform-301650304.html https://twitter.com/book_io/status/1582045180571836418
- SEC Commissioner Hester Peirce lays out the contours of what NFTs could possibly be deemed securities by the SEC. https://www.ft.com/content/e8df6ea4-e9fb-4058-9a36-cef9c12f4726
- Here’s a great discussion on what exists or will exist in Cardano to prevent widespread MEV type sequencing of transactions. https://twitter.com/liberlion17/status/1581409081276833793
- Texas securities regulators are “now investigating FTX Trading, FTX US, and their principals, including Sam BankmanFried.” https://cases.stretto.com/public/x193/11753/PLEADINGS/1175310142280000000134.pdf https://www.barrons.com/articles/ftx-us-sam-bankman-fried-probe-securities-regulator-51666020282
- Curious why your “crypto attorney” never seems to give you actionable advice. Here’s the thread for you from the Chief Legal Officer of Kraken. https://twitter.com/msantoriESQ/status/1582033096345817088
- There was a fairly small exploit of RayStake (roughly 412k ADA). Here’s the post-mortem. https://raynetwork.medium.com/franken-attack-80140b63749f
- Here’s a very interesting article on whale behavior on DEXs. https://twitter.com/SpectrumLabs_/status/1582067954132262912
- Coinbase will now allow you to mint NFTs. https://twitter.com/brian_armstrong/status/1582447497431068673
- Bitboy now thinks Cardano will flip Ethereum (eventually). https://twitter.com/Bitboy_Crypto/status/1581377266403065856
- An Ape Society NFT sold for 180k ADA. https://twitter.com/TAS_SalesBot/status/1582453748462649344
- An amicus brief in the Ooki DAO case is now challenging whether a DAO can be considered a legal “person”. https://www.coindesk.com/policy/2022/10/18/daos-arent-people-crypto-lawyers-tell-court-in-cftcs-ooki-case/
- It looks like the Aptos launch was accompanied by something far less than glowing praise. https://twitter.com/ParadigmEng420/status/1582121408548651009
- Greenland is looking into blockchain voting. https://www.computerweekly.com/news/252526273/Greenland-investigate-potential-blockchain-based-election-system
- The next FutureFest concert is going to be a multi-destination concert with several venues all built on Unity. https://twitter.com/unitygames/status/1582370930709274624
- All of the beachfront parcels on Spy Island in REACH are now gone. https://www.market.reachmetaverse.org/map
- The LexPunk Army is making public a copy of the Digital Commodities Consumer Protection Act that is making the rounds in Washington. https://github.com/LeXpunK-Army/Crypto-CaseLaw/blob/main/DCCPA%20Markup%20Latest%2010.19.22.pdf
- Here’s some great analysis on the leaked DCCPA draft. https://twitter.com/ianDAOs/status/1582897980935266304
- SBF floats his ideas on crypto regulation and people aren’t happy about it. https://www.ftxpolicy.com/posts/possible-digital-asset-industry-standards https://twitter.com/SBF_FTX/status/1582835426116575235
- Liqwid’s Agora code audit is 50% done. https://twitter.com/DCdoso/status/1583152577079701505
- It looks like the new info coming out of the SEC on NFTs is already having an effect on decisions made by NFT projects. https://twitter.com/Canadian4Crypto/status/1583090643043516416
- ADA Realm just did something really important. They made a beach bar and explicitly called it a “bar”. I approve. https://twitter.com/AdaRealm/status/1583190472591568896
- A certain youtube personality seems extremely angry at a certain Ethereum personality. https://twitter.com/WatcherGuru/status/1583202589654495232 https://www.youtube.com/watch?v=o2dhgZopyBs
- Even Representative Tom Emmer of the US Congress says we shouldn’t sacrifice decentralization or DeFi in the name of new crypto legislation. https://twitter.com/RepTomEmmestatus/1582915646157131779
- A user on FTX is reporting that he had $1.5MM USD stolen from his account. Another person is reporting a loss of $2MM USD. Brutal! The discussion seems to mention possible compromise of 3commas trading software API Keys by the attackers. The team behind 3Commas seems to be pointing to a phishing strategy by the attackers. https://twitter.com/littlesand2/status/1583830658203283456 https://twitter.com/3commas_io/status/1583571729628004352
- Shahaf Bar-Geffen makes a very important point about your future as an AI with whom your great grandchildren might interact. https://twitter.com/shahafbg/status/1584244982537277440
- Sam Bankman-Fried responds to a question about why FTX hasn’t listed spot ADA.
- Just the metrics examines Aptos as compared to more decentralized blockchains like Cardano. https://twitter.com/Soorajksaju2/status/1584133947227013120
- The ETH/EVM world is having a hard time right now trying to hash out how much of their DeFi is going to fall under the control of regulators. https://twitter.com/JonnyRhea/status/1584252081493667842 https://twitter.com/lex_node/status/1584180230297890817 https://twitter.com/SBF_FTX/status/1584184430117425152
- MuesliSwap has completed its transition to MuesliSwap v2! https://twitter.com/MuesliSwapTeam/status/1584650148273336320
- Liqwid mentions that they’ve been working with Platonic Systems and it has accelerated their launch timeline. https://twitter.com/liqwidfinance/status/1584587690712104960
- Apparently, Apple has decided that Apps in the App Store aren’t allowed to sell NFTs that unlock features in the App. https://twitter.com/wongmjane/status/1584609845570768897
- It’s reported that Twitter is working on a crypto wallet. People surmise this is an impetus for Elon’s purchase. https://twitter.com/CaitlinLong_/status/1584729157401202688
- The Pavia map is looking a lot fancier. https://pavia.io/map
- Reportedly, this video is of a fox walking past 10 Downing Street ( https://twitter.com/itvnews/status/1584976609232445440) as Rishi Sunak prepares to take his position as the next Prime Minister of the UK. No idea if this is actually current or if the fox was voluntarily there or planted. We already know that Rishi Sunak seems to be very pro-CBDC and likes BAYC more than Crypto Punks. Sunak is a familiar figure from back in April when, as Chancellor of the Exchequer he declared: “It’s my ambition to make the UK a global hub for cryptoasset technology…” https://twitter.com/hmtreasury/status/1468193641638207489 https://twitter.com/tier10k/status/1584635528695017472 https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub https://twitter.com/greyskulledm/status/1511026486798651393
- There are reports that the UK House of Commons also voted to treat cryptocurrencies as regulated financial instruments. Apparently there was even language around the inclusion of stablecoins. https://www.yahoo.com/now/uk-lawmakers-vote-recognize-crypto-153128469.html
- NMKR now has a function for you to auction off any NFT. https://twitter.com/nmkr_io/status/1584975658777972736
- Here’s the link if you missed the Rare Bloom Keynote from Charles. https://www.youtube.com/watch?v=TZ8K8FW72BA
- US cryptolaw is turning into the worst export ever. https://twitter.com/lex_node/status/1584962177739653121 https://twitter.com/brian_armstrong/status/1585001996490510336
- Nami Wallet Version 3.4.1 is out now! https://twitter.com/berry_ales/status/1585395882605903879
- Apparently, people are now paying for telemedicine on Cardano! https://twitter.com/Citaldoc/status/1583548196927983616?s=20&t=hK3-IVgaiGG7V7voRgiOuA
- Looks like A16Z is getting stung by this crypto winter! How do you say 40% mark down in their fancy abbreviation system? https://www.wsj.com/articles/andreessen-horowitz-went-all-in-on-crypto-at-the-worst-possible-time-11666769270
- Elon musk just walked into Twitter HQ with a literal sink in his hands saying “let that sink in”. This could have a significant impact on crypto if his purchase is related to the potential of Twitter as a payments network as some have surmised.
- Elizabeth Warren & AOC seem mad that crypto is now engaging in effective lobbying just like their buddies in big tech. https://punchbowl.news/wp-content/uploads/10.24-Letters-to-Regulators-re-Crypto-Revolving-Door.pdf https://www.opensecrets.org/members-of-congress/alexandria-ocasio-cortez/summary?cid=N00041162 https://www.opensecrets.org/members-of-congress/elizabeth-warren/summary?cid=N00033492
- The Monetary Authority of Singapore has proposed new crypto regulations with a special focus on stablecoins. https://www.mas.gov.sg/news/media-releases/2022/mas-proposes-measures-to-reduce-risks-to-consumers-from-cryptocurrency-trading-and-enhance-standards-of-stablecoin-related-activities
- Everyone who saw the “Day in the Life of a Meta PM” video comes away shocked at the -20% dive after the earnings report. Was the culprit rooftop avocado toast and lattes, the $3.9 billion lost on the metaverse, or the (currently) ill-fated stock buy back? Time will tell. (Oct 27). https://twitter.com/zerohedge/status/1585398981995233304 https://twitter.com/unusual_whales/status/1585376066713321472 https://twitter.com/zerohedge/status/1585374381211062273
- One of the AI generated Tim Beiko tweets is too accurate! https://twitter.com/TimBeiko/status/1585699510243950594
- Paypal just quietly reinserted the $2500 penalty if you engage in a transaction they think amounts to a “form[] of intolerance that is discriminatory”. https://twitter.com/WallStreetSilv/status/1585643176185823236
- The World Mobile Aerostat program is amazingly cool. https://twitter.com/WorldMobileTeam/status/1585715475690004481
- It looks like Army of Spies is in the running for the Educational Influencer award at the Cardano Summit 2022. Vote here: https://voting.summit.cardano.org/nominees
- Elon has consummated the transaction to acquire Twitter and the slaughter of executives has already begun. https://twitter.com/WallStreetSilv/status/158526910183167181
- IOG has released a new article on the pros and cons of changing the K parameter vs. changing the minimum fee for stakepools. https://www.essentialcardano.io/article/staking-parameters-and-network-optimization-where-next-for-k-and-min-fee https://twitter.com/InputOutputHK/status/1585600629740896257
- Even Forbes Crypto is now talking about how Cardano is #3 for NFT volume. https://twitter.com/ForbesCrypto/status/1586628979556917249
- World Mobile says it is looking to almost double the number of airnodes in Zanzibar by the end of the year. https://twitter.com/WorldMobileTeam/status/1586789320471576576
- The Cornucopias bridge from BSC to Cardano is coming today! (Oct 31). https://twitter.com/CornucopiasGame/status/1586849014611329024
- Don’t forget that the Cardano 360 for October is out and available. https://www.youtube.com/watch?v=hZRwLWKNNfQ
- Erik Voorhees crushes SBF’s logic by asking him to distinguish between KYC for DeFi front ends and KYC for email front ends. https://twitter.com/artofbagholding/status/1586117772005605376 https://twitter.com/ctaggstatus/1586104117197475844
- If front ends become a focus of regulation, we might have to move to headless dApps. https://twitter.com/ERG_Armeanio/status/1586423711350984704 https://youtu.be/temmjyKpsEU
- If you missed it check out this post from Pavia. It looks like you need to comment to get on the list for the Plaza test event. https://twitter.com/Pavia_io/status/1585939474030428160
- It looks like the Cornucopias bridge from BSC to Cardano is now live (as of Oct. 31). https://twitter.com/CornucopiasGame/status/1587110191031541761
- Check out the new weekly thread series “This Week in Cardano”. https://twitter.com/Soorajksaju2/status/1586813500596232193
- Sooraj & Laura will also have a new Cardano podcast coming soon. https://twitter.com/Soorajksaju2/status/1586998510892863488
- Somehow I totally missed this video preview of the cyberpunk themed district of the Pavia Plaza. https://twitter.com/Pavia_io/status/1580554201813618689
- Elon’s going to make the blue check mark accessible to all for $8 (or the purchasing power equivalent in your country) and also reward content creators. This could have significant effects on crypto ecosystems like Cardano that rely heavily on Twitter. https://twitter.com/elonmusk/status/1587498907336118274
- Virtua has given us a look at what the entire planet of Virtua Prime will look like including the location of Cardano Island in relation to the other land masses. https://twitter.com/VirtuaMetaverse/status/1587525839628951552
- Artifct has made a decision to shut down their marketplace. Hopefully, this will mean a focus on the moon metaverse project instead. https://twitter.com/ArtifctApp/status/1587168164336390144 https://discord.com/channels/882364185244237884/882374348638404628
- Here’s another teaser from the Pavia cyberpunk district. https://twitter.com/Pavia_io/status/1587476665516662784
- MuesliSwap has revealed some upcoming farming UI changes. https://twitter.com/MuesliSwapTeam/status/1587481326097207298
- Ardana has revealed a new roadmap. https://ardana.org/roadmap/ https://medium.com/@ardanaproject/roadmap-2-0-the-journey-to-ardana-ba59335c6303
- FutureFest just participated in the world’s first multi-destination virtual concert along with some other unity projects. https://twitter.com/futurefestxstatus/1587555369810731008
- ADA Realm is creating “The ADA Realm Council”. Anyone who holds a plot can join to help provide input into the development of the metaverse. https://discord.com/channels/903957555083087892/903971388812050462
2022.11.02 07:13 ArmyofSpies Cardano Rumor Rundown November 2, 2022
Hey Everyone!
Let’s go….
Newly Covered Today:
submitted by ArmyofSpies to cardano [link] [comments]
Let’s go….
Newly Covered Today:
- Elon’s going to make the blue check mark accessible to all for $8 (or the purchasing power equivalent in your country) and also reward content creators. This could have significant effects on crypto ecosystems like Cardano that rely heavily on Twitter. https://twitter.com/elonmusk/status/1587498907336118274
- Virtua has given us a look at what the entire planet of Virtua Prime will look like including the location of Cardano Island in relation to the other land masses. https://twitter.com/VirtuaMetaverse/status/1587525839628951552
- Artifct has made a decision to shut down their marketplace. Hopefully, this will mean a focus on the moon metaverse project instead. https://twitter.com/ArtifctApp/status/1587168164336390144 https://discord.com/channels/882364185244237884/882374348638404628
- Here’s another teaser from the Pavia cyberpunk district. https://twitter.com/Pavia_io/status/1587476665516662784
- MuesliSwap has revealed some upcoming farming UI changes. https://twitter.com/MuesliSwapTeam/status/1587481326097207298
- Ardana has revealed a new roadmap. https://ardana.org/roadmap/ https://medium.com/@ardanaproject/roadmap-2-0-the-journey-to-ardana-ba59335c6303
- FutureFest just participated in the world’s first multi-destination virtual concert along with some other unity projects. https://twitter.com/futurefestxstatus/1587555369810731008
- ADA Realm is creating “The ADA Realm Council”. Anyone who holds a plot can join to help provide input into the development of the metaverse. https://discord.com/channels/903957555083087892/903971388812050462
- Looks like everyone had a great time at CNFTCON. https://twitter.com/jj_silestatus/1578908621496143873
- Charles pointed out that SEC & CFTC being ill-equipped to regulate crypto is actually a much bigger issue than any possibility of a shadow conspiracy between ETH and the SEC as some have suggested in relation to the Ripple-SEC litigation (and of course everyone freaked out). https://twitter.com/digitalassetbuy/status/1578557810136125440
- Paypal updated its Acceptable Use Policy to give you notice that they can fine you $2500 for posting misinformation. A huge backlash ensued with many closing accounts. Then they said that language was never supposed to be included. Time for decentralization! Former founders say it goes against everything they believe in. https://twitter.com/1970Brat/status/1578596182225321986 https://www.dailywire.com/news/new-paypal-policy-lets-company-pull-2500-from-users-accounts-if-they-promote-misinformation https://twitter.com/elonmusk/status/1578815879445217280
- Indigo has posted a demo of their web app. https://twitter.com/Indigo_protocol/status/1578762462639230976
- Cornucopias had some great looking demos at their booth in Vegas. https://twitter.com/keyofjoshua/status/1578805488942084097 https://twitter.com/keyofjoshua/status/1578789601824473091
- Virtua has partnered with Shelby (the automotive company…not the Peaky Blinders). https://twitter.com/VirtuaMetaverse/status/1579228939813543936
- Apparently, the Nobel Prize for Economics decided to be a satire of itself this year by including Ben Bernanke as an awardee. https://twitter.com/BitcoinMagazine/status/1579423178912575491
- Phase 2 of the Indigo DAO Kickstart is ramping up with a governance temperature check on adoption of the Indigo Foundation which is a Cayman Islands entity established in September 2022. https://twitter.com/Indigo_protocol/status/1579472642272550912 https://forum.indigoprotocol.io/t/proposal-to-adopt-the-creation-of-the-indigo-foundation/11360
- Laura & Sooraj analyze Iota in Just the Metrics. https://twitter.com/Soorajksaju2/status/1579166201816973312
- Jaime Dimon is predicting a likely recession in 6-9 months. https://www.cnbc.com/2022/10/10/jpmorgan-jamie-dimon-warns-us-likely-to-tip-into-recession-soon.html
- MuesliSwap will be kicking off a Liquidity Bootstrapping Event on Oct 12th. The addition of ADA liquidity to the pool will work in a way inspired by the Zap-In function on MinSwap. https://twitter.com/MuesliSwapTeam/status/1579935297940647936 https://medium.com/@muesliswap/milk-liquidity-pool-bootstrapping-event-3af1bc256de0
- NMKR is adding Decentralized Identity to NFT collections. https://twitter.com/nmkr_io/status/1579766157867126784
- Charles was interviewed again by Maria Bartiromo on Fox Business. https://twitter.com/timbharrison/status/1579886248155811841 https://video.foxbusiness.com/v/6313598392112#sp=show-clips
- The SEC is now investigating Yuga Labs (creators of the Bored Ape Yacht Club) related to whether APE coin and even some of their NFTs may be securities. This is a pretty big step in a bad direction since many in crypto regarded NFTs as less risky in terms of securities regulation. https://www.bloomberg.com/news/articles/2022-10-11/bored-ape-creator-yuga-labs-faces-sec-probe-over-unregistered-offerings https://twitter.com/zin_esq/status/1504217688469504000 https://www.cryptoratingcouncil.com/asset-ratings https://assets.website-files.com/5d766f847039d787f8a99a02/609998f89636a3f99c8429c6_CRC%20Securities%20Law%20Framework.pdf
- It looks like IOG has begun the run up to the Lace wallet release. https://twitter.com/InputOutputHK/status/1579508405211107330
- Coincenter has filed a complaint against OFAC for sanctioning Tornado Cash. https://twitter.com/lex_node/status/1580242673415299072
- It looks like Virtua is kicking off their sale of the rest of Virtua Prime (beyond Cardano Island) and they gave everyone a peek of what “Virtua Island” will look like. https://island.virtua.com/
- Axo has partnered with IAMX which is an identity management platform. https://twitter.com/axotrade/status/1580166314097668098
- Charles is fresh back from DC Fintech Week with Georgetown Law Professor Chris Brummer. https://twitter.com/InputOutputHK/status/1580281704127770625
- Liqwid says the on-chain and off-chain portions of its initial oracle and liquidity contracts are built! https://twitter.com/liqwidfinance/status/1580279200698671104
- CNN is accused of an NFT rugpull. https://www.pcgamer.com/cnn-faces-accusations-of-an-nft-rug-pull/
- The Robbery Forest is most fun to watch (with binoculars from CardanoLand) when the robbers try to negotiate with their victims. This time it was the Solana-Mango section of the forest. https://twitter.com/hosseeb/status/1580178798061883394
- SundaeSwap has released a demo of their platform running on Hydra! https://twitter.com/SundaeSwap/status/1580969361892085762
- Charles seems to have once again been very available to the community at Rare Bloom with the poncho in full effect this time. https://twitter.com/conraddit/status/1581651934196269056
- Charli3 says it’s oracle is now live on main net. https://twitter.com/Oraclecharli3/status/1581406625058824192
- Lace has opened up the “Lace Explorers” program for anyone who wants to be first in line to try the new Lace wallet from IOG. https://www.lace.io/ https://twitter.com/IOHK_Charles/status/1581627196149444608
- The IOG Lace Presentation from Rare Bloom can be found here: https://youtu.be/eBH34WkU_2w?t=14556
- Apparently, you can make paper wallets in NMKR. https://twitter.com/nmkr_io/status/1581765372511866880
- According to MEVWatch, 53% of all blocks in ETH are now enforcing OFAC sanctions. Censorship resistance is no longer a thing in ETH. https://www.mevwatch.info/ https://twitter.com/koeppelmann/status/1580893089077809153
- The Mango Markets events have definitely taken an interesting turn. https://twitter.com/avi_eisen/status/1581326197241180160
- US Senator Hickenlooper of Colorado has requested that the SEC provide a formal regulatory process for cryptocurrencies. It would be nice to have the clarity. But, the SEC is definitely not the preferred regulator on our side of the fence. https://news.bitcoin.com/us-lawmaker-calls-on-sec-to-issue-crypto-regulations-says-a-formal-regulatory-process-is-needed-now/
- Book.io has just closed an investment from BDMI a venture capital firm which is a wholly owned subsidiary of the global media, services and education company Bertelsmann. https://www.prnewswire.com/news-releases/bdmi-invests-in-bookio-the-first-ever-nft-ebook-platform-301650304.html https://twitter.com/book_io/status/1582045180571836418
- SEC Commissioner Hester Peirce lays out the contours of what NFTs could possibly be deemed securities by the SEC. https://www.ft.com/content/e8df6ea4-e9fb-4058-9a36-cef9c12f4726
- Here’s a great discussion on what exists or will exist in Cardano to prevent widespread MEV type sequencing of transactions. https://twitter.com/liberlion17/status/1581409081276833793
- Texas securities regulators are “now investigating FTX Trading, FTX US, and their principals, including Sam BankmanFried.” https://cases.stretto.com/public/x193/11753/PLEADINGS/1175310142280000000134.pdf https://www.barrons.com/articles/ftx-us-sam-bankman-fried-probe-securities-regulator-51666020282
- Curious why your “crypto attorney” never seems to give you actionable advice. Here’s the thread for you from the Chief Legal Officer of Kraken. https://twitter.com/msantoriESQ/status/1582033096345817088
- There was a fairly small exploit of RayStake (roughly 412k ADA). Here’s the post-mortem. https://raynetwork.medium.com/franken-attack-80140b63749f
- Here’s a very interesting article on whale behavior on DEXs. https://twitter.com/SpectrumLabs_/status/1582067954132262912
- Coinbase will now allow you to mint NFTs. https://twitter.com/brian_armstrong/status/1582447497431068673
- Bitboy now thinks Cardano will flip Ethereum (eventually). https://twitter.com/Bitboy_Crypto/status/1581377266403065856
- An Ape Society NFT sold for 180k ADA. https://twitter.com/TAS_SalesBot/status/1582453748462649344
- An amicus brief in the Ooki DAO case is now challenging whether a DAO can be considered a legal “person”. https://www.coindesk.com/policy/2022/10/18/daos-arent-people-crypto-lawyers-tell-court-in-cftcs-ooki-case/
- It looks like the Aptos launch was accompanied by something far less than glowing praise. https://twitter.com/ParadigmEng420/status/1582121408548651009
- Greenland is looking into blockchain voting. https://www.computerweekly.com/news/252526273/Greenland-investigate-potential-blockchain-based-election-system
- The next FutureFest concert is going to be a multi-destination concert with several venues all built on Unity. https://twitter.com/unitygames/status/1582370930709274624
- All of the beachfront parcels on Spy Island in REACH are now gone. https://www.market.reachmetaverse.org/map
- The LexPunk Army is making public a copy of the Digital Commodities Consumer Protection Act that is making the rounds in Washington. https://github.com/LeXpunK-Army/Crypto-CaseLaw/blob/main/DCCPA%20Markup%20Latest%2010.19.22.pdf
- Here’s some great analysis on the leaked DCCPA draft. https://twitter.com/ianDAOs/status/1582897980935266304
- SBF floats his ideas on crypto regulation and people aren’t happy about it. https://www.ftxpolicy.com/posts/possible-digital-asset-industry-standards https://twitter.com/SBF_FTX/status/1582835426116575235
- Liqwid’s Agora code audit is 50% done. https://twitter.com/DCdoso/status/1583152577079701505
- It looks like the new info coming out of the SEC on NFTs is already having an effect on decisions made by NFT projects. https://twitter.com/Canadian4Crypto/status/1583090643043516416
- ADA Realm just did something really important. They made a beach bar and explicitly called it a “bar”. I approve. https://twitter.com/AdaRealm/status/1583190472591568896
- A certain youtube personality seems extremely angry at a certain Ethereum personality. https://twitter.com/WatcherGuru/status/1583202589654495232 https://www.youtube.com/watch?v=o2dhgZopyBs
- Even Representative Tom Emmer of the US Congress says we shouldn’t sacrifice decentralization or DeFi in the name of new crypto legislation. https://twitter.com/RepTomEmmestatus/1582915646157131779
- A user on FTX is reporting that he had $1.5MM USD stolen from his account. Another person is reporting a loss of $2MM USD. Brutal! The discussion seems to mention possible compromise of 3commas trading software API Keys by the attackers. The team behind 3Commas seems to be pointing to a phishing strategy by the attackers. https://twitter.com/littlesand2/status/1583830658203283456 https://twitter.com/3commas_io/status/1583571729628004352
- Shahaf Bar-Geffen makes a very important point about your future as an AI with whom your great grandchildren might interact. https://twitter.com/shahafbg/status/1584244982537277440
- Sam Bankman-Fried responds to a question about why FTX hasn’t listed spot ADA.
- Just the metrics examines Aptos as compared to more decentralized blockchains like Cardano. https://twitter.com/Soorajksaju2/status/1584133947227013120
- The ETH/EVM world is having a hard time right now trying to hash out how much of their DeFi is going to fall under the control of regulators. https://twitter.com/JonnyRhea/status/1584252081493667842 https://twitter.com/lex_node/status/1584180230297890817 https://twitter.com/SBF_FTX/status/1584184430117425152
- MuesliSwap has completed its transition to MuesliSwap v2! https://twitter.com/MuesliSwapTeam/status/1584650148273336320
- Liqwid mentions that they’ve been working with Platonic Systems and it has accelerated their launch timeline. https://twitter.com/liqwidfinance/status/1584587690712104960
- Apparently, Apple has decided that Apps in the App Store aren’t allowed to sell NFTs that unlock features in the App. https://twitter.com/wongmjane/status/1584609845570768897
- It’s reported that Twitter is working on a crypto wallet. People surmise this is an impetus for Elon’s purchase. https://twitter.com/CaitlinLong_/status/1584729157401202688
- The Pavia map is looking a lot fancier. https://pavia.io/map
- Reportedly, this video is of a fox walking past 10 Downing Street ( https://twitter.com/itvnews/status/1584976609232445440) as Rishi Sunak prepares to take his position as the next Prime Minister of the UK. No idea if this is actually current or if the fox was voluntarily there or planted. We already know that Rishi Sunak seems to be very pro-CBDC and likes BAYC more than Crypto Punks. Sunak is a familiar figure from back in April when, as Chancellor of the Exchequer he declared: “It’s my ambition to make the UK a global hub for cryptoasset technology…” https://twitter.com/hmtreasury/status/1468193641638207489 https://twitter.com/tier10k/status/1584635528695017472 https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub https://twitter.com/greyskulledm/status/1511026486798651393
- There are reports that the UK House of Commons also voted to treat cryptocurrencies as regulated financial instruments. Apparently there was even language around the inclusion of stablecoins. https://www.yahoo.com/now/uk-lawmakers-vote-recognize-crypto-153128469.html
- NMKR now has a function for you to auction off any NFT. https://twitter.com/nmkr_io/status/1584975658777972736
- Here’s the link if you missed the Rare Bloom Keynote from Charles. https://www.youtube.com/watch?v=TZ8K8FW72BA
- US cryptolaw is turning into the worst export ever. https://twitter.com/lex_node/status/1584962177739653121 https://twitter.com/brian_armstrong/status/1585001996490510336
- Nami Wallet Version 3.4.1 is out now! https://twitter.com/berry_ales/status/1585395882605903879
- Apparently, people are now paying for telemedicine on Cardano! https://twitter.com/Citaldoc/status/1583548196927983616?s=20&t=hK3-IVgaiGG7V7voRgiOuA
- Looks like A16Z is getting stung by this crypto winter! How do you say 40% mark down in their fancy abbreviation system? https://www.wsj.com/articles/andreessen-horowitz-went-all-in-on-crypto-at-the-worst-possible-time-11666769270
- Elon musk just walked into Twitter HQ with a literal sink in his hands saying “let that sink in”. This could have a significant impact on crypto if his purchase is related to the potential of Twitter as a payments network as some have surmised.
- Elizabeth Warren & AOC seem mad that crypto is now engaging in effective lobbying just like their buddies in big tech. https://punchbowl.news/wp-content/uploads/10.24-Letters-to-Regulators-re-Crypto-Revolving-Door.pdf https://www.opensecrets.org/members-of-congress/alexandria-ocasio-cortez/summary?cid=N00041162 https://www.opensecrets.org/members-of-congress/elizabeth-warren/summary?cid=N00033492
- The Monetary Authority of Singapore has proposed new crypto regulations with a special focus on stablecoins. https://www.mas.gov.sg/news/media-releases/2022/mas-proposes-measures-to-reduce-risks-to-consumers-from-cryptocurrency-trading-and-enhance-standards-of-stablecoin-related-activities
- Everyone who saw the “Day in the Life of a Meta PM” video comes away shocked at the -20% dive after the earnings report. Was the culprit rooftop avocado toast and lattes, the $3.9 billion lost on the metaverse, or the (currently) ill-fated stock buy back? Time will tell. (Oct 27). https://twitter.com/zerohedge/status/1585398981995233304 https://twitter.com/unusual_whales/status/1585376066713321472 https://twitter.com/zerohedge/status/1585374381211062273
- One of the AI generated Tim Beiko tweets is too accurate! https://twitter.com/TimBeiko/status/1585699510243950594
- Paypal just quietly reinserted the $2500 penalty if you engage in a transaction they think amounts to a “form[] of intolerance that is discriminatory”. https://twitter.com/WallStreetSilv/status/1585643176185823236
- The World Mobile Aerostat program is amazingly cool. https://twitter.com/WorldMobileTeam/status/1585715475690004481
- It looks like Army of Spies is in the running for the Educational Influencer award at the Cardano Summit 2022. Vote here: https://voting.summit.cardano.org/nominees
- Elon has consummated the transaction to acquire Twitter and the slaughter of executives has already begun. https://twitter.com/WallStreetSilv/status/158526910183167181
- IOG has released a new article on the pros and cons of changing the K parameter vs. changing the minimum fee for stakepools. https://www.essentialcardano.io/article/staking-parameters-and-network-optimization-where-next-for-k-and-min-fee https://twitter.com/InputOutputHK/status/1585600629740896257
- Even Forbes Crypto is now talking about how Cardano is #3 for NFT volume. https://twitter.com/ForbesCrypto/status/1586628979556917249
- World Mobile says it is looking to almost double the number of airnodes in Zanzibar by the end of the year. https://twitter.com/WorldMobileTeam/status/1586789320471576576
- The Cornucopias bridge from BSC to Cardano is coming today! (Oct 31). https://twitter.com/CornucopiasGame/status/1586849014611329024
- Don’t forget that the Cardano 360 for October is out and available. https://www.youtube.com/watch?v=hZRwLWKNNfQ
- Erik Voorhees crushes SBF’s logic by asking him to distinguish between KYC for DeFi front ends and KYC for email front ends. https://twitter.com/artofbagholding/status/1586117772005605376 https://twitter.com/ctaggstatus/1586104117197475844
- If front ends become a focus of regulation, we might have to move to headless dApps. https://twitter.com/ERG_Armeanio/status/1586423711350984704 https://youtu.be/temmjyKpsEU
- If you missed it check out this post from Pavia. It looks like you need to comment to get on the list for the Plaza test event. https://twitter.com/Pavia_io/status/1585939474030428160
- It looks like the Cornucopias bridge from BSC to Cardano is now live (as of Oct. 31). https://twitter.com/CornucopiasGame/status/1587110191031541761
- Check out the new weekly thread series “This Week in Cardano”. https://twitter.com/Soorajksaju2/status/1586813500596232193
- Sooraj & Laura will also have a new Cardano podcast coming soon. https://twitter.com/Soorajksaju2/status/1586998510892863488
- Somehow I totally missed this video preview of the cyberpunk themed district of the Pavia Plaza. https://twitter.com/Pavia_io/status/1580554201813618689
2022.11.01 07:34 ArmyofSpies Cardano Rumor Rundown November 1, 2022
Hey Everyone!
Let’s go….
Newly Covered Today:
submitted by ArmyofSpies to cardano [link] [comments]
Let’s go….
Newly Covered Today:
- If you missed it check out this post from Pavia. It looks like you need to comment to get on the list for the Plaza test event. https://twitter.com/Pavia_io/status/1585939474030428160
- It looks like the Cornucopias bridge from BSC to Cardano is now live (as of Oct. 31). https://twitter.com/CornucopiasGame/status/1587110191031541761
- Check out the new weekly thread series “This Week in Cardano”. https://twitter.com/Soorajksaju2/status/1586813500596232193
- Sooraj & Laura will also have a new Cardano podcast coming soon. https://twitter.com/Soorajksaju2/status/1586998510892863488
- Somehow I totally missed this video preview of the cyberpunk themed district of the Pavia Plaza. https://twitter.com/Pavia_io/status/1580554201813618689
- Looks like everyone had a great time at CNFTCON. https://twitter.com/jj_silestatus/1578908621496143873
- Charles pointed out that SEC & CFTC being ill-equipped to regulate crypto is actually a much bigger issue than any possibility of a shadow conspiracy between ETH and the SEC as some have suggested in relation to the Ripple-SEC litigation (and of course everyone freaked out). https://twitter.com/digitalassetbuy/status/1578557810136125440
- Paypal updated its Acceptable Use Policy to give you notice that they can fine you $2500 for posting misinformation. A huge backlash ensued with many closing accounts. Then they said that language was never supposed to be included. Time for decentralization! Former founders say it goes against everything they believe in. https://twitter.com/1970Brat/status/1578596182225321986 https://www.dailywire.com/news/new-paypal-policy-lets-company-pull-2500-from-users-accounts-if-they-promote-misinformation https://twitter.com/elonmusk/status/1578815879445217280
- Indigo has posted a demo of their web app. https://twitter.com/Indigo_protocol/status/1578762462639230976
- Cornucopias had some great looking demos at their booth in Vegas. https://twitter.com/keyofjoshua/status/1578805488942084097 https://twitter.com/keyofjoshua/status/1578789601824473091
- Virtua has partnered with Shelby (the automotive company…not the Peaky Blinders). https://twitter.com/VirtuaMetaverse/status/1579228939813543936
- Apparently, the Nobel Prize for Economics decided to be a satire of itself this year by including Ben Bernanke as an awardee. https://twitter.com/BitcoinMagazine/status/1579423178912575491
- Phase 2 of the Indigo DAO Kickstart is ramping up with a governance temperature check on adoption of the Indigo Foundation which is a Cayman Islands entity established in September 2022. https://twitter.com/Indigo_protocol/status/1579472642272550912 https://forum.indigoprotocol.io/t/proposal-to-adopt-the-creation-of-the-indigo-foundation/11360
- Laura & Sooraj analyze Iota in Just the Metrics. https://twitter.com/Soorajksaju2/status/1579166201816973312
- Jaime Dimon is predicting a likely recession in 6-9 months. https://www.cnbc.com/2022/10/10/jpmorgan-jamie-dimon-warns-us-likely-to-tip-into-recession-soon.html
- MuesliSwap will be kicking off a Liquidity Bootstrapping Event on Oct 12th. The addition of ADA liquidity to the pool will work in a way inspired by the Zap-In function on MinSwap. https://twitter.com/MuesliSwapTeam/status/1579935297940647936 https://medium.com/@muesliswap/milk-liquidity-pool-bootstrapping-event-3af1bc256de0
- NMKR is adding Decentralized Identity to NFT collections. https://twitter.com/nmkr_io/status/1579766157867126784
- Charles was interviewed again by Maria Bartiromo on Fox Business. https://twitter.com/timbharrison/status/1579886248155811841 https://video.foxbusiness.com/v/6313598392112#sp=show-clips
- The SEC is now investigating Yuga Labs (creators of the Bored Ape Yacht Club) related to whether APE coin and even some of their NFTs may be securities. This is a pretty big step in a bad direction since many in crypto regarded NFTs as less risky in terms of securities regulation. https://www.bloomberg.com/news/articles/2022-10-11/bored-ape-creator-yuga-labs-faces-sec-probe-over-unregistered-offerings https://twitter.com/zin_esq/status/1504217688469504000 https://www.cryptoratingcouncil.com/asset-ratings https://assets.website-files.com/5d766f847039d787f8a99a02/609998f89636a3f99c8429c6_CRC%20Securities%20Law%20Framework.pdf
- It looks like IOG has begun the run up to the Lace wallet release. https://twitter.com/InputOutputHK/status/1579508405211107330
- Coincenter has filed a complaint against OFAC for sanctioning Tornado Cash. https://twitter.com/lex_node/status/1580242673415299072
- It looks like Virtua is kicking off their sale of the rest of Virtua Prime (beyond Cardano Island) and they gave everyone a peek of what “Virtua Island” will look like. https://island.virtua.com/
- Axo has partnered with IAMX which is an identity management platform. https://twitter.com/axotrade/status/1580166314097668098
- Charles is fresh back from DC Fintech Week with Georgetown Law Professor Chris Brummer. https://twitter.com/InputOutputHK/status/1580281704127770625
- Liqwid says the on-chain and off-chain portions of its initial oracle and liquidity contracts are built! https://twitter.com/liqwidfinance/status/1580279200698671104
- CNN is accused of an NFT rugpull. https://www.pcgamer.com/cnn-faces-accusations-of-an-nft-rug-pull/
- The Robbery Forest is most fun to watch (with binoculars from CardanoLand) when the robbers try to negotiate with their victims. This time it was the Solana-Mango section of the forest. https://twitter.com/hosseeb/status/1580178798061883394
- SundaeSwap has released a demo of their platform running on Hydra! https://twitter.com/SundaeSwap/status/1580969361892085762
- Charles seems to have once again been very available to the community at Rare Bloom with the poncho in full effect this time. https://twitter.com/conraddit/status/1581651934196269056
- Charli3 says it’s oracle is now live on main net. https://twitter.com/Oraclecharli3/status/1581406625058824192
- Lace has opened up the “Lace Explorers” program for anyone who wants to be first in line to try the new Lace wallet from IOG. https://www.lace.io/ https://twitter.com/IOHK_Charles/status/1581627196149444608
- The IOG Lace Presentation from Rare Bloom can be found here: https://youtu.be/eBH34WkU_2w?t=14556
- Apparently, you can make paper wallets in NMKR. https://twitter.com/nmkr_io/status/1581765372511866880
- According to MEVWatch, 53% of all blocks in ETH are now enforcing OFAC sanctions. Censorship resistance is no longer a thing in ETH. https://www.mevwatch.info/ https://twitter.com/koeppelmann/status/1580893089077809153
- The Mango Markets events have definitely taken an interesting turn. https://twitter.com/avi_eisen/status/1581326197241180160
- US Senator Hickenlooper of Colorado has requested that the SEC provide a formal regulatory process for cryptocurrencies. It would be nice to have the clarity. But, the SEC is definitely not the preferred regulator on our side of the fence. https://news.bitcoin.com/us-lawmaker-calls-on-sec-to-issue-crypto-regulations-says-a-formal-regulatory-process-is-needed-now/
- Book.io has just closed an investment from BDMI a venture capital firm which is a wholly owned subsidiary of the global media, services and education company Bertelsmann. https://www.prnewswire.com/news-releases/bdmi-invests-in-bookio-the-first-ever-nft-ebook-platform-301650304.html https://twitter.com/book_io/status/1582045180571836418
- SEC Commissioner Hester Peirce lays out the contours of what NFTs could possibly be deemed securities by the SEC. https://www.ft.com/content/e8df6ea4-e9fb-4058-9a36-cef9c12f4726
- Here’s a great discussion on what exists or will exist in Cardano to prevent widespread MEV type sequencing of transactions. https://twitter.com/liberlion17/status/1581409081276833793
- Texas securities regulators are “now investigating FTX Trading, FTX US, and their principals, including Sam BankmanFried.” https://cases.stretto.com/public/x193/11753/PLEADINGS/1175310142280000000134.pdf https://www.barrons.com/articles/ftx-us-sam-bankman-fried-probe-securities-regulator-51666020282
- Curious why your “crypto attorney” never seems to give you actionable advice. Here’s the thread for you from the Chief Legal Officer of Kraken. https://twitter.com/msantoriESQ/status/1582033096345817088
- There was a fairly small exploit of RayStake (roughly 412k ADA). Here’s the post-mortem. https://raynetwork.medium.com/franken-attack-80140b63749f
- Here’s a very interesting article on whale behavior on DEXs. https://twitter.com/SpectrumLabs_/status/1582067954132262912
- Coinbase will now allow you to mint NFTs. https://twitter.com/brian_armstrong/status/1582447497431068673
- Bitboy now thinks Cardano will flip Ethereum (eventually). https://twitter.com/Bitboy_Crypto/status/1581377266403065856
- An Ape Society NFT sold for 180k ADA. https://twitter.com/TAS_SalesBot/status/1582453748462649344
- An amicus brief in the Ooki DAO case is now challenging whether a DAO can be considered a legal “person”. https://www.coindesk.com/policy/2022/10/18/daos-arent-people-crypto-lawyers-tell-court-in-cftcs-ooki-case/
- It looks like the Aptos launch was accompanied by something far less than glowing praise. https://twitter.com/ParadigmEng420/status/1582121408548651009
- Greenland is looking into blockchain voting. https://www.computerweekly.com/news/252526273/Greenland-investigate-potential-blockchain-based-election-system
- The next FutureFest concert is going to be a multi-destination concert with several venues all built on Unity. https://twitter.com/unitygames/status/1582370930709274624
- All of the beachfront parcels on Spy Island in REACH are now gone. https://www.market.reachmetaverse.org/map
- The LexPunk Army is making public a copy of the Digital Commodities Consumer Protection Act that is making the rounds in Washington. https://github.com/LeXpunK-Army/Crypto-CaseLaw/blob/main/DCCPA%20Markup%20Latest%2010.19.22.pdf
- Here’s some great analysis on the leaked DCCPA draft. https://twitter.com/ianDAOs/status/1582897980935266304
- SBF floats his ideas on crypto regulation and people aren’t happy about it. https://www.ftxpolicy.com/posts/possible-digital-asset-industry-standards https://twitter.com/SBF_FTX/status/1582835426116575235
- Liqwid’s Agora code audit is 50% done. https://twitter.com/DCdoso/status/1583152577079701505
- It looks like the new info coming out of the SEC on NFTs is already having an effect on decisions made by NFT projects. https://twitter.com/Canadian4Crypto/status/1583090643043516416
- ADA Realm just did something really important. They made a beach bar and explicitly called it a “bar”. I approve. https://twitter.com/AdaRealm/status/1583190472591568896
- A certain youtube personality seems extremely angry at a certain Ethereum personality. https://twitter.com/WatcherGuru/status/1583202589654495232 https://www.youtube.com/watch?v=o2dhgZopyBs
- Even Representative Tom Emmer of the US Congress says we shouldn’t sacrifice decentralization or DeFi in the name of new crypto legislation. https://twitter.com/RepTomEmmestatus/1582915646157131779
- A user on FTX is reporting that he had $1.5MM USD stolen from his account. Another person is reporting a loss of $2MM USD. Brutal! The discussion seems to mention possible compromise of 3commas trading software API Keys by the attackers. The team behind 3Commas seems to be pointing to a phishing strategy by the attackers. https://twitter.com/littlesand2/status/1583830658203283456 https://twitter.com/3commas_io/status/1583571729628004352
- Shahaf Bar-Geffen makes a very important point about your future as an AI with whom your great grandchildren might interact. https://twitter.com/shahafbg/status/1584244982537277440
- Sam Bankman-Fried responds to a question about why FTX hasn’t listed spot ADA.
- Just the metrics examines Aptos as compared to more decentralized blockchains like Cardano. https://twitter.com/Soorajksaju2/status/1584133947227013120
- The ETH/EVM world is having a hard time right now trying to hash out how much of their DeFi is going to fall under the control of regulators. https://twitter.com/JonnyRhea/status/1584252081493667842 https://twitter.com/lex_node/status/1584180230297890817 https://twitter.com/SBF_FTX/status/1584184430117425152
- MuesliSwap has completed its transition to MuesliSwap v2! https://twitter.com/MuesliSwapTeam/status/1584650148273336320
- Liqwid mentions that they’ve been working with Platonic Systems and it has accelerated their launch timeline. https://twitter.com/liqwidfinance/status/1584587690712104960
- Apparently, Apple has decided that Apps in the App Store aren’t allowed to sell NFTs that unlock features in the App. https://twitter.com/wongmjane/status/1584609845570768897
- It’s reported that Twitter is working on a crypto wallet. People surmise this is an impetus for Elon’s purchase. https://twitter.com/CaitlinLong_/status/1584729157401202688
- The Pavia map is looking a lot fancier. https://pavia.io/map
- Reportedly, this video is of a fox walking past 10 Downing Street ( https://twitter.com/itvnews/status/1584976609232445440) as Rishi Sunak prepares to take his position as the next Prime Minister of the UK. No idea if this is actually current or if the fox was voluntarily there or planted. We already know that Rishi Sunak seems to be very pro-CBDC and likes BAYC more than Crypto Punks. Sunak is a familiar figure from back in April when, as Chancellor of the Exchequer he declared: “It’s my ambition to make the UK a global hub for cryptoasset technology…” https://twitter.com/hmtreasury/status/1468193641638207489 https://twitter.com/tier10k/status/1584635528695017472 https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub https://twitter.com/greyskulledm/status/1511026486798651393
- There are reports that the UK House of Commons also voted to treat cryptocurrencies as regulated financial instruments. Apparently there was even language around the inclusion of stablecoins. https://www.yahoo.com/now/uk-lawmakers-vote-recognize-crypto-153128469.html
- NMKR now has a function for you to auction off any NFT. https://twitter.com/nmkr_io/status/1584975658777972736
- Here’s the link if you missed the Rare Bloom Keynote from Charles. https://www.youtube.com/watch?v=TZ8K8FW72BA
- US cryptolaw is turning into the worst export ever. https://twitter.com/lex_node/status/1584962177739653121 https://twitter.com/brian_armstrong/status/1585001996490510336
- Nami Wallet Version 3.4.1 is out now! https://twitter.com/berry_ales/status/1585395882605903879
- Apparently, people are now paying for telemedicine on Cardano! https://twitter.com/Citaldoc/status/1583548196927983616?s=20&t=hK3-IVgaiGG7V7voRgiOuA
- Looks like A16Z is getting stung by this crypto winter! How do you say 40% mark down in their fancy abbreviation system? https://www.wsj.com/articles/andreessen-horowitz-went-all-in-on-crypto-at-the-worst-possible-time-11666769270
- Elon musk just walked into Twitter HQ with a literal sink in his hands saying “let that sink in”. This could have a significant impact on crypto if his purchase is related to the potential of Twitter as a payments network as some have surmised.
- Elizabeth Warren & AOC seem mad that crypto is now engaging in effective lobbying just like their buddies in big tech. https://punchbowl.news/wp-content/uploads/10.24-Letters-to-Regulators-re-Crypto-Revolving-Door.pdf https://www.opensecrets.org/members-of-congress/alexandria-ocasio-cortez/summary?cid=N00041162 https://www.opensecrets.org/members-of-congress/elizabeth-warren/summary?cid=N00033492
- The Monetary Authority of Singapore has proposed new crypto regulations with a special focus on stablecoins. https://www.mas.gov.sg/news/media-releases/2022/mas-proposes-measures-to-reduce-risks-to-consumers-from-cryptocurrency-trading-and-enhance-standards-of-stablecoin-related-activities
- Everyone who saw the “Day in the Life of a Meta PM” video comes away shocked at the -20% dive after the earnings report. Was the culprit rooftop avocado toast and lattes, the $3.9 billion lost on the metaverse, or the (currently) ill-fated stock buy back? Time will tell. (Oct 27). https://twitter.com/zerohedge/status/1585398981995233304 https://twitter.com/unusual_whales/status/1585376066713321472 https://twitter.com/zerohedge/status/1585374381211062273
- One of the AI generated Tim Beiko tweets is too accurate! https://twitter.com/TimBeiko/status/1585699510243950594
- Paypal just quietly reinserted the $2500 penalty if you engage in a transaction they think amounts to a “form[] of intolerance that is discriminatory”. https://twitter.com/WallStreetSilv/status/1585643176185823236
- The World Mobile Aerostat program is amazingly cool. https://twitter.com/WorldMobileTeam/status/1585715475690004481
- It looks like Army of Spies is in the running for the Educational Influencer award at the Cardano Summit 2022. Vote here: https://voting.summit.cardano.org/nominees
- Will the next wave of crypto be social? https://twitter.com/prestonjbyrne/status/1585748764958273536
- IOG has released a new article on the pros and cons of changing the K parameter vs. changing the minimum fee for stakepools. https://www.essentialcardano.io/article/staking-parameters-and-network-optimization-where-next-for-k-and-min-fee https://twitter.com/InputOutputHK/status/1585600629740896257
- Even Forbes Crypto is now talking about how Cardano is #3 for NFT volume. https://twitter.com/ForbesCrypto/status/1586628979556917249
- World Mobile says it is looking to almost double the number of airnodes in Zanzibar by the end of the year. https://twitter.com/WorldMobileTeam/status/1586789320471576576
- The Cornucopias bridge from BSC to Cardano is coming today! (Oct 31). https://twitter.com/CornucopiasGame/status/1586849014611329024
- Don’t forget that the Cardano 360 for October is out and available. https://www.youtube.com/watch?v=hZRwLWKNNfQ
- Erik Voorhees crushes SBF’s logic by asking him to distinguish between KYC for DeFi front ends and KYC for email front ends. https://twitter.com/artofbagholding/status/1586117772005605376 https://twitter.com/ctaggstatus/1586104117197475844
- If front ends become a focus of regulation, we might have to move to headless dApps. https://twitter.com/ERG_Armeanio/status/1586423711350984704 https://youtu.be/temmjyKpsEU
2022.10.31 07:07 ArmyofSpies Cardano Rumor Rundown October 31, 2022
Hey Everyone!
Let’s go….
Newly Covered Today:
submitted by ArmyofSpies to cardano [link] [comments]
Let’s go….
Newly Covered Today:
- IOG has released a new article on the pros and cons of changing the K parameter vs. changing the minimum fee for stakepools. https://www.essentialcardano.io/article/staking-parameters-and-network-optimization-where-next-for-k-and-min-fee https://twitter.com/InputOutputHK/status/1585600629740896257
- Even Forbes Crypto is now talking about how Cardano is #3 for NFT volume. https://twitter.com/ForbesCrypto/status/1586628979556917249
- World Mobile says it is looking to almost double the number of airnodes in Zanzibar by the end of the year. https://twitter.com/WorldMobileTeam/status/1586789320471576576
- The Cornucopias bridge from BSC to Cardano is coming today! (Oct 31). https://twitter.com/CornucopiasGame/status/1586849014611329024
- Don’t forget that the Cardano 360 for October is out and available. https://www.youtube.com/watch?v=hZRwLWKNNfQ
- Erik Voorhees crushes SBF’s logic by asking him to distinguish between KYC for DeFi front ends and KYC for email front ends. https://twitter.com/artofbagholding/status/1586117772005605376 https://twitter.com/ctaggstatus/1586104117197475844
- If frontends become a focus of regulation, we might have to move to headless dApps. https://twitter.com/ERG_Armeanio/status/1586423711350984704 https://youtu.be/temmjyKpsEU
- Looks like everyone had a great time at CNFTCON. https://twitter.com/jj_silestatus/1578908621496143873
- Charles pointed out that SEC & CFTC being ill-equipped to regulate crypto is actually a much bigger issue than any possibility of a shadow conspiracy between ETH and the SEC as some have suggested in relation to the Ripple-SEC litigation (and of course everyone freaked out). https://twitter.com/digitalassetbuy/status/1578557810136125440
- Paypal updated its Acceptable Use Policy to give you notice that they can fine you $2500 for posting misinformation. A huge backlash ensued with many closing accounts. Then they said that language was never supposed to be included. Time for decentralization! Former founders say it goes against everything they believe in. https://twitter.com/1970Brat/status/1578596182225321986 https://www.dailywire.com/news/new-paypal-policy-lets-company-pull-2500-from-users-accounts-if-they-promote-misinformation https://twitter.com/elonmusk/status/1578815879445217280
- Indigo has posted a demo of their web app. https://twitter.com/Indigo_protocol/status/1578762462639230976
- Cornucopias had some great looking demos at their booth in Vegas. https://twitter.com/keyofjoshua/status/1578805488942084097 https://twitter.com/keyofjoshua/status/1578789601824473091
- Virtua has partnered with Shelby (the automotive company…not the Peaky Blinders). https://twitter.com/VirtuaMetaverse/status/1579228939813543936
- Apparently, the Nobel Prize for Economics decided to be a satire of itself this year by including Ben Bernanke as an awardee. https://twitter.com/BitcoinMagazine/status/1579423178912575491
- Phase 2 of the Indigo DAO Kickstart is ramping up with a governance temperature check on adoption of the Indigo Foundation which is a Cayman Islands entity established in September 2022. https://twitter.com/Indigo_protocol/status/1579472642272550912 https://forum.indigoprotocol.io/t/proposal-to-adopt-the-creation-of-the-indigo-foundation/11360
- Laura & Sooraj analyze Iota in Just the Metrics. https://twitter.com/Soorajksaju2/status/1579166201816973312
- Jaime Dimon is predicting a likely recession in 6-9 months. https://www.cnbc.com/2022/10/10/jpmorgan-jamie-dimon-warns-us-likely-to-tip-into-recession-soon.html
- MuesliSwap will be kicking off a Liquidity Bootstrapping Event on Oct 12th. The addition of ADA liquidity to the pool will work in a way inspired by the Zap-In function on MinSwap. https://twitter.com/MuesliSwapTeam/status/1579935297940647936 https://medium.com/@muesliswap/milk-liquidity-pool-bootstrapping-event-3af1bc256de0
- NMKR is adding Decentralized Identity to NFT collections. https://twitter.com/nmkr_io/status/1579766157867126784
- Charles was interviewed again by Maria Bartiromo on Fox Business. https://twitter.com/timbharrison/status/1579886248155811841 https://video.foxbusiness.com/v/6313598392112#sp=show-clips
- The SEC is now investigating Yuga Labs (creators of the Bored Ape Yacht Club) related to whether APE coin and even some of their NFTs may be securities. This is a pretty big step in a bad direction since many in crypto regarded NFTs as less risky in terms of securities regulation. https://www.bloomberg.com/news/articles/2022-10-11/bored-ape-creator-yuga-labs-faces-sec-probe-over-unregistered-offerings https://twitter.com/zin_esq/status/1504217688469504000 https://www.cryptoratingcouncil.com/asset-ratings https://assets.website-files.com/5d766f847039d787f8a99a02/609998f89636a3f99c8429c6_CRC%20Securities%20Law%20Framework.pdf
- It looks like IOG has begun the run up to the Lace wallet release. https://twitter.com/InputOutputHK/status/1579508405211107330
- Coincenter has filed a complaint against OFAC for sanctioning Tornado Cash. https://twitter.com/lex_node/status/1580242673415299072
- It looks like Virtua is kicking off their sale of the rest of Virtua Prime (beyond Cardano Island) and they gave everyone a peek of what “Virtua Island” will look like. https://island.virtua.com/
- Axo has partnered with IAMX which is an identity management platform. https://twitter.com/axotrade/status/1580166314097668098
- Charles is fresh back from DC Fintech Week with Georgetown Law Professor Chris Brummer. https://twitter.com/InputOutputHK/status/1580281704127770625
- Liqwid says the on-chain and off-chain portions of its initial oracle and liquidity contracts are built! https://twitter.com/liqwidfinance/status/1580279200698671104
- CNN is accused of an NFT rugpull. https://www.pcgamer.com/cnn-faces-accusations-of-an-nft-rug-pull/
- The Robbery Forest is most fun to watch (with binoculars from CardanoLand) when the robbers try to negotiate with their victims. This time it was the Solana-Mango section of the forest. https://twitter.com/hosseeb/status/1580178798061883394
- SundaeSwap has released a demo of their platform running on Hydra! https://twitter.com/SundaeSwap/status/1580969361892085762
- Charles seems to have once again been very available to the community at Rare Bloom with the poncho in full effect this time. https://twitter.com/conraddit/status/1581651934196269056
- Charli3 says it’s oracle is now live on main net. https://twitter.com/Oraclecharli3/status/1581406625058824192
- Lace has opened up the “Lace Explorers” program for anyone who wants to be first in line to try the new Lace wallet from IOG. https://www.lace.io/ https://twitter.com/IOHK_Charles/status/1581627196149444608
- The IOG Lace Presentation from Rare Bloom can be found here: https://youtu.be/eBH34WkU_2w?t=14556
- Apparently, you can make paper wallets in NMKR. https://twitter.com/nmkr_io/status/1581765372511866880
- According to MEVWatch, 53% of all blocks in ETH are now enforcing OFAC sanctions. Censorship resistance is no longer a thing in ETH. https://www.mevwatch.info/ https://twitter.com/koeppelmann/status/1580893089077809153
- The Mango Markets events have definitely taken an interesting turn. https://twitter.com/avi_eisen/status/1581326197241180160
- US Senator Hickenlooper of Colorado has requested that the SEC provide a formal regulatory process for cryptocurrencies. It would be nice to have the clarity. But, the SEC is definitely not the preferred regulator on our side of the fence. https://news.bitcoin.com/us-lawmaker-calls-on-sec-to-issue-crypto-regulations-says-a-formal-regulatory-process-is-needed-now/
- Book.io has just closed an investment from BDMI a venture capital firm which is a wholly owned subsidiary of the global media, services and education company Bertelsmann. https://www.prnewswire.com/news-releases/bdmi-invests-in-bookio-the-first-ever-nft-ebook-platform-301650304.html https://twitter.com/book_io/status/1582045180571836418
- SEC Commissioner Hester Peirce lays out the contours of what NFTs could possibly be deemed securities by the SEC. https://www.ft.com/content/e8df6ea4-e9fb-4058-9a36-cef9c12f4726
- Here’s a great discussion on what exists or will exist in Cardano to prevent widespread MEV type sequencing of transactions. https://twitter.com/liberlion17/status/1581409081276833793
- Texas securities regulators are “now investigating FTX Trading, FTX US, and their principals, including Sam BankmanFried.” https://cases.stretto.com/public/x193/11753/PLEADINGS/1175310142280000000134.pdf https://www.barrons.com/articles/ftx-us-sam-bankman-fried-probe-securities-regulator-51666020282
- Curious why your “crypto attorney” never seems to give you actionable advice. Here’s the thread for you from the Chief Legal Officer of Kraken. https://twitter.com/msantoriESQ/status/1582033096345817088
- There was a fairly small exploit of RayStake (roughly 412k ADA). Here’s the post-mortem. https://raynetwork.medium.com/franken-attack-80140b63749f
- Here’s a very interesting article on whale behavior on DEXs. https://twitter.com/SpectrumLabs_/status/1582067954132262912
- Coinbase will now allow you to mint NFTs. https://twitter.com/brian_armstrong/status/1582447497431068673
- Bitboy now thinks Cardano will flip Ethereum (eventually). https://twitter.com/Bitboy_Crypto/status/1581377266403065856
- An Ape Society NFT sold for 180k ADA. https://twitter.com/TAS_SalesBot/status/1582453748462649344
- An amicus brief in the Ooki DAO case is now challenging whether a DAO can be considered a legal “person”. https://www.coindesk.com/policy/2022/10/18/daos-arent-people-crypto-lawyers-tell-court-in-cftcs-ooki-case/
- It looks like the Aptos launch was accompanied by something far less than glowing praise. https://twitter.com/ParadigmEng420/status/1582121408548651009
- Greenland is looking into blockchain voting. https://www.computerweekly.com/news/252526273/Greenland-investigate-potential-blockchain-based-election-system
- The next FutureFest concert is going to be a multi-destination concert with several venues all built on Unity. https://twitter.com/unitygames/status/1582370930709274624
- All of the beachfront parcels on Spy Island in REACH are now gone. https://www.market.reachmetaverse.org/map
- The LexPunk Army is making public a copy of the Digital Commodities Consumer Protection Act that is making the rounds in Washington. https://github.com/LeXpunK-Army/Crypto-CaseLaw/blob/main/DCCPA%20Markup%20Latest%2010.19.22.pdf
- Here’s some great analysis on the leaked DCCPA draft. https://twitter.com/ianDAOs/status/1582897980935266304
- SBF floats his ideas on crypto regulation and people aren’t happy about it. https://www.ftxpolicy.com/posts/possible-digital-asset-industry-standards https://twitter.com/SBF_FTX/status/1582835426116575235
- Liqwid’s Agora code audit is 50% done. https://twitter.com/DCdoso/status/1583152577079701505
- It looks like the new info coming out of the SEC on NFTs is already having an effect on decisions made by NFT projects. https://twitter.com/Canadian4Crypto/status/1583090643043516416
- ADA Realm just did something really important. They made a beach bar and explicitly called it a “bar”. I approve. https://twitter.com/AdaRealm/status/1583190472591568896
- A certain youtube personality seems extremely angry at a certain Ethereum personality. https://twitter.com/WatcherGuru/status/1583202589654495232 https://www.youtube.com/watch?v=o2dhgZopyBs
- Even Representative Tom Emmer of the US Congress says we shouldn’t sacrifice decentralization or DeFi in the name of new crypto legislation. https://twitter.com/RepTomEmmestatus/1582915646157131779
- A user on FTX is reporting that he had $1.5MM USD stolen from his account. Another person is reporting a loss of $2MM USD. Brutal! The discussion seems to mention possible compromise of 3commas trading software API Keys by the attackers. The team behind 3Commas seems to be pointing to a phishing strategy by the attackers. https://twitter.com/littlesand2/status/1583830658203283456 https://twitter.com/3commas_io/status/1583571729628004352
- Shahaf Bar-Geffen makes a very important point about your future as an AI with whom your great grandchildren might interact. https://twitter.com/shahafbg/status/1584244982537277440
- Sam Bankman-Fried responds to a question about why FTX hasn’t listed spot ADA.
- Just the metrics examines Aptos as compared to more decentralized blockchains like Cardano. https://twitter.com/Soorajksaju2/status/1584133947227013120
- The ETH/EVM world is having a hard time right now trying to hash out how much of their DeFi is going to fall under the control of regulators. https://twitter.com/JonnyRhea/status/1584252081493667842 https://twitter.com/lex_node/status/1584180230297890817 https://twitter.com/SBF_FTX/status/1584184430117425152
- MuesliSwap has completed its transition to MuesliSwap v2! https://twitter.com/MuesliSwapTeam/status/1584650148273336320
- Liqwid mentions that they’ve been working with Platonic Systems and it has accelerated their launch timeline. https://twitter.com/liqwidfinance/status/1584587690712104960
- Apparently, Apple has decided that Apps in the App Store aren’t allowed to sell NFTs that unlock features in the App. https://twitter.com/wongmjane/status/1584609845570768897
- It’s reported that Twitter is working on a crypto wallet. People surmise this is an impetus for Elon’s purchase. https://twitter.com/CaitlinLong_/status/1584729157401202688
- The Pavia map is looking a lot fancier. https://pavia.io/map
- Reportedly, this video is of a fox walking past 10 Downing Street ( https://twitter.com/itvnews/status/1584976609232445440) as Rishi Sunak prepares to take his position as the next Prime Minister of the UK. No idea if this is actually current or if the fox was voluntarily there or planted. We already know that Rishi Sunak seems to be very pro-CBDC and likes BAYC more than Crypto Punks. Sunak is a familiar figure from back in April when, as Chancellor of the Exchequer he declared: “It’s my ambition to make the UK a global hub for cryptoasset technology…” https://twitter.com/hmtreasury/status/1468193641638207489 https://twitter.com/tier10k/status/1584635528695017472 https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub https://twitter.com/greyskulledm/status/1511026486798651393
- There are reports that the UK House of Commons also voted to treat cryptocurrencies as regulated financial instruments. Apparently there was even language around the inclusion of stablecoins. https://www.yahoo.com/now/uk-lawmakers-vote-recognize-crypto-153128469.html
- NMKR now has a function for you to auction off any NFT. https://twitter.com/nmkr_io/status/1584975658777972736
- Here’s the link if you missed the Rare Bloom Keynote from Charles. https://www.youtube.com/watch?v=TZ8K8FW72BA
- US cryptolaw is turning into the worst export ever. https://twitter.com/lex_node/status/1584962177739653121 https://twitter.com/brian_armstrong/status/1585001996490510336
- Nami Wallet Version 3.4.1 is out now! https://twitter.com/berry_ales/status/1585395882605903879
- Apparently, people are now paying for telemedicine on Cardano! https://twitter.com/Citaldoc/status/1583548196927983616?s=20&t=hK3-IVgaiGG7V7voRgiOuA
- Looks like A16Z is getting stung by this crypto winter! How do you say 40% mark down in their fancy abbreviation system? https://www.wsj.com/articles/andreessen-horowitz-went-all-in-on-crypto-at-the-worst-possible-time-11666769270
- Elon musk just walked into Twitter HQ with a literal sink in his hands saying “let that sink in”. This could have a significant impact on crypto if his purchase is related to the potential of Twitter as a payments network as some have surmised.
- Elizabeth Warren & AOC seem mad that crypto is now engaging in effective lobbying just like their buddies in big tech. https://punchbowl.news/wp-content/uploads/10.24-Letters-to-Regulators-re-Crypto-Revolving-Door.pdf https://www.opensecrets.org/members-of-congress/alexandria-ocasio-cortez/summary?cid=N00041162 https://www.opensecrets.org/members-of-congress/elizabeth-warren/summary?cid=N00033492
- The Monetary Authority of Singapore has proposed new crypto regulations with a special focus on stablecoins. https://www.mas.gov.sg/news/media-releases/2022/mas-proposes-measures-to-reduce-risks-to-consumers-from-cryptocurrency-trading-and-enhance-standards-of-stablecoin-related-activities
- Everyone who saw the “Day in the Life of a Meta PM” video comes away shocked at the -20% dive after the earnings report. Was the culprit rooftop avocado toast and lattes, the $3.9 billion lost on the metaverse, or the (currently) ill-fated stock buy back? Time will tell. (Oct 27). https://twitter.com/zerohedge/status/1585398981995233304 https://twitter.com/unusual_whales/status/1585376066713321472 https://twitter.com/zerohedge/status/1585374381211062273
- One of the AI generated Tim Beiko tweets is too accurate! https://twitter.com/TimBeiko/status/1585699510243950594
- Paypal just quietly reinserted the $2500 penalty if you engage in a transaction they think amounts to a “form[] of intolerance that is discriminatory”. https://twitter.com/WallStreetSilv/status/1585643176185823236
- The World Mobile Aerostat program is amazingly cool. https://twitter.com/WorldMobileTeam/status/1585715475690004481
- It looks like Army of Spies is in the running for the Educational Influencer award at the Cardano Summit 2022. Vote here: https://voting.summit.cardano.org/nominees
- Will the next wave of crypto be social? https://twitter.com/prestonjbyrne/status/1585748764958273536
- Elon has consummated the transaction to acquire Twitter and the slaughter of executives has already begun. https://twitter.com/WallStreetSilv/status/158526910183167181
2022.09.23 04:24 SalmaanQ National Lampoon's Vacation of Adnan Syed's Conviction Pt. 2
Continued from Pt. 1
Then we have the fact that the grassy lot on the 300 Block of Edgewood Street in Baltimore where Hae’s car was located was known to Sellers because he had a relative who lived there. Yes and that is, in fact, Edgewood STREET, not Edgewood Avenue or Edgewood Road both of which are mentioned in the MtV and neither of which exist. I don’t mean to be a stickler, but after almost 8 years as Baltimore City prosecutor, try to pretend to know your own fucking jurisdiction. There are 28 residences on the 300 block of Edgewood Street. A real psycho would pull the public records of each of those 28 residences from the Maryland Department of Assessments and Taxation to see who lived there at the relevant time. Given that Alternative Suspect #2 is Bilal Ahmed, the lack of any Indo/Pak surnames in the records suggests that Sellers was related to one of the 28 homeowners who lived on this block in 1999. That's weaker circumstantial evidence than what Mosby took issue with in the MtV.
Then the MtV hammers home the idea that Selles was improperly cleared as a suspect by the cops because of the junk science otherwise known as polygraph tests. Whether Sellers passed the polygraph or not, it would have been nice if Mosby’s morons focused for a moment on the fact that Hae Min Lee was last seen leaving school after 2 PM. We know that Hae picked up her 6-year-old cousin every day from elementary school between 3 and 3:15 PM. Trial Transcript, 1/28/2000 at p. 26, lns. 23-25. She did not show up to pick up her cousin on January 13, 1999. The cops pulled Sellers’ employment records from Coppin State University. On January 13, 1999, he clocked out at 4 PM. MPIA 15 459 699. His physical presence at work until about an hour after Hae failed to show up to get her cousin is enough to eliminate him as a suspect. It is far more compelling than the metaphysical connection to a house on Edgewood, the results of a polygraph, or his criminal record.
Which brings us to the alleged Brady Violation. It is safe to assume that this is about Bilal. Because between the two “alternative suspects,” Bilal is the only one that we know was aware of Hae’s existence before she was murdered. Brady does not apply to Bilal though because evidence of Bilal saying that he would make Hae disappear and that he would kill her is unfavorable to Adnan. That fails the second prong of Brady. In the great tradition of bumbling idiots like Rabia Chaudry who inadvertently prove Adnan’s guilt while ineptly arguing for his innocence, Mosby accidentally makes a convincing argument that would keep Adnan locked up in a world where facts and evidence matter. Bilal’s likely involvement is further established in the addendum to Leaving Baltimore that is titled, This Message will Self Destruct Pt. 2. Fortunately for Adnan, neither Mosby nor the court have a fucking clue of who and what Bilal really is. And they never will because no one is going to take this investigation where it should have gone 23 years ago. Thus, there may technically have been a Brady violation under the letter of the law, but under the spirit of the law, a(nother) Brady disclosure involving him is harmful to Adnan's case.
I’ve always had the tendency to over-analyze everything. I suppose suggesting that I have an analytical mind is something I share in common with Asia McClain. Anyway, the example that Ezra Edelman provides in his 8-hour documentary on OJ’s case is a master class in providing structure to analysis and had a huge influence on how I process information. He took a shit case and had the brilliance to recognize it for the paradigm shift in our culture and history that it represented. Knowing little about the details of the case because of my boycott made Edelman’s documentary even more compelling. Most importantly, he explained the verdict in a way that no one else did for decades.
Edelman provided historical context about race and the LAPD—not just the immediate events that preceded the case like what happened to Rodney King and the riots that followed when the cops who were captured on video beating the living shit out of him were found not guilty. He laid the foundation of the racial tensions by reminding us of the Watts Riots and the brutal treatment by the LAPD of the black people who migrated West from the deep South hoping for a better life. He reminded us of the lesser-known injustices that were fresh in the minds of members of the black community. Latasha Harlins, Eula Love, the raided homes at 39th and Dalton. Watts and the 1992 LA riots served as bookends for how OJ Simpson lived his adult life stiff-arming the suffering of the black community like the statue in the Heisman Trophy that he won. The riots served as a snapshot spanning three decades of the LAPD acting with impunity. Where abuse of discretion was so common and normalized that it became standard operating procedure. It represented the worst of our criminal justice system on steroids and it was unleashed against countless innocents who could do nothing about it because they were among the poor, the unsophisticated and disenfranchised. They lacked the power and resources to do anything about the system that repeatedly bulldozed over them.
Edelman underscored the two very different justices that were being pursued in the OJ Simpson case. The obvious was justice for the two victims of murder. The less obvious, but far more powerful, was the justice for the hundreds of thousands who were mistreated or killed by the LAPD. The latter justice had been percolating for decades. “He’s not one of you! He has contempt for the black community! He obviously committed murder!” So, the black community should have waited for the perfect representative who was arrested on false charges as a teen, could not get a good job because of his criminal record and is now being framed for a murder that he did not commit. Hey, Robert Shapiro, Johnny Cochran, Barry Scheck, F. Lee Baily, Gerald Uelmen, Alan Dershowitz, can you please take that case pro bono?
Yeah, OJ totally murdered two people, but he had the resources to shine a light on how criminal justice was meted out by the LAPD. He didn’t even try to cover his tracks. In fact, he left a bloody shoe print. The case did not require any “help” from the cops. OJ more than did his part. But operating with impunity and mishandling evidence had become like muscle memory for the LAPD because they never faced a meaningful challenge against their practices. Sure, there have been several examples of cases that have been reexamined and scrutinized by the public after convictions were secured and the defendants’ fates were sealed. But these investigations were after the fact and of little consequence. The cries of injustice fell on deaf ears of the majority who are comfortable with living under the perception of safety that is the hallmark of “Law and Order.” They don’t give a shit about the cries of injustice by those they regard as bleeding heart socialists.
The OJ case is rare because the LAPD was up against a legal team with the capability to challenge them IN REAL TIME. This was not about simply using this case to punish the LAPD for their past abuses of power and discretion. They brought the abuse of powediscretion to this case when a conviction could have easily been secured without it. Mishandling of evidence was being called out while the forensic tech was on the stand—not years later in a compelling but inconsequential documentary. The racist attitude and history of a detective was being called out while the detective was on the stand—not in a podcast to millions of shocked listeners way after the racist detective retired or died. It was a pivotal moment and a unique opportunity to place the LAPD on trial. The prosecution was completely unprepared for this. The victims and their families were unfortunately collateral damage that were lost in the wake of a case that ended up becoming much more than a murder trial.
At the end of Edelman’s doc, I was just as convinced that OJ murdered his ex and her lover, but I was also convinced that the jury got it right. Not because the LAPD needed to be punished for its ugly history. But because they brought that ugly history to the OJ Simpson case and contaminated a murder investigation that should have been a ground ball. If a person is obviously guilty, it does not absolve the police and prosecutors from doing their fucking jobs. The LAPD/prosecution shot themselves in the foot by injecting reasonable doubt by following their normalized corrupt and/or sloppy procedures. I used to scoff at the “Dream Team” moniker, but those fuckers nailed it.
The Dream Team substantively destroyed the prosecution’s mishandling of physical evidence. They exposed the racial bias of the detective who was not above doing what he felt was necessary to help the prosecution remove reasonable doubt. And Johnny Cochran was keenly aware of the historical context of what was happening while he was in the moment. The decades of injustice was palpable in the courtroom. But this was not Bill Lambeer being called for a phantom foul on Kareem in game 6 of the 1988 NBA Finals because of all the other shit Lambeer pulled in the past. This was Lambeer bodyslamming Kareem and wondering why the ref blew the whistle. The racial dynamics of that analogy were inadvertent but surprisingly apt.
Finally, Edelman made it a point to acknowledge how the OJ case was covered by the news media. For years, the focus of news reporting had been shifting away from informing the public and catering more to what the public wanted to see. With the OJ case, the need to inform was abandoned and ratings became the only currency that mattered.
The immediate consequence of this shift was an uninformed majority who could not understand why so many black people were celebrating. For all the bloviating legal consultants providing their exhaustive, “expert” analysis, the outrage over injecting race into the case was emphasized instead of the Dream Team’s systematic dismantling of the prosecution’s physical evidence and the LAPD’s mishandling of evidence and misconduct. Unfortunately, the larger themes of the case were lost on the majority. For them, the case boiled down to a murderer escaping justice because black people sided with their own.
Those who celebrated the OJ verdict knew why they were celebrating. The corrupt practices of the LAPD were finally exposed for the world to see. The LAPD faced a comeuppance that had been decades in the making. But the jubilation felt by the black community that their cries of injustice were finally heard was short-lived. The majority was blind to the systemic flaws that were exposed. Those flaws in our imperfect criminal justice system persist and have multiplied. Our collective ignorance of those flaws is compounded by our being deluged by continuous waves of misinformation. Adnan Syed’s case is a natural byproduct of what we have become. Which brings me to the link between OJ and Adnan.
Bear with me. I promise that this rant has a purpose.
Mueller was the FBI director from 2001 and 2013. He helmed the domestic war on terror. His agency dispatched thousands of informants to mosques across the country. Their work led to dozens of high profile arrests of Muslim men charged with conspiracy to commit acts of terror. The American Muslim community felt like it was under siege. However, cursory examination of these cases revealed absurd entrapment tactics wherein the FBI recruited the would be terrorists often by enticing those in financial hardship with promises of money. But the feds did not stop there. They targeted the mentally challenged. They provided the plot, the target and the dummy weapons to carry out the crime. The lengths to which our government’s investigative agency under Mueller went to fabricate these crimes would be laughable if it was not true. They are the subject of some compelling documentaries. HBO’s, The Newburgh Sting, is one of the best I’ve ever seen. It won a Peabody in 2014. It used to be available for free on youtube, but good luck finding a copy of it anywhere now. Another good one was (T)ERROR on PBS, which is probably easier to find. TAL did a fantastic episode titled, “The Convert,” that I always thought would make an excellent film. Ira Glass gives disclaimers in the episode about how unusual it is for the FBI to attempt this type of entrapment. He is dead fucking wrong. There are several other books, articles and docs out there on the subject. At the end of the day, we are again talking about taking measures that give the public the perception of safety. But that is where the similarities between state/local and federal law enforcement ends.
Speaking as a Muslim with the same ethnic background as Adnan, I am acutely aware that discrimination against Muslims in the US is very real. But what too many of my fellow Muslims don’t get is that, unless the Muslim is black or Latino, our stop and frisks do not happen on the street by local PD. Our stop and frisks happen in the security line at the airport by TSA. We are on no-fly lists. Federal authorities audit our charities. Federal agents dispatch informants into our houses of worship. It is absolutely discriminatory, but we are NOT the target for discrimination by state and local law enforcement. We are the target for discrimination by federal law enforcement. Adnan’s case does not have a single fucking thing to do with the discrimination faced by Muslims in the US. But team Adnan has done an excellent job deceptively conflating it with the injustices and discrimination that our community experiences at the federal level. Team Adnan scored the best of both discriminations by also conflating Adnan's case with the discrimination suffered by the black community that was felt during the OJ trial. State and local law enforcement do not give a shit about targeting Muslims. There are not enough of us to feed that machine. If you don’t understand the distinction, you shouldn’t complain about systemic discrimination because you don’t even understand the fucking system.
Adnan’s supporters cry out against injustice. But the injustice they wail about was conjured in the minds of team Adnan. His fabricated alibi being ignored by his dead attorney before she was even representing him. The general stupidity of the police/DA railroading Adnan because he is Muslim. A complete lack of understanding that state/local law enforcement is incentivized to target the poor and disenfranchised who are unable to secure decent legal representation. Most of those celebrating the vacating of Adnan’s conviction likely hold a negative opinion of Jay Wilds. That is so ironic. The seeds for this were firmly planted in the heads of Adnan’s supporters by his core team.
There is nothing unconscious about the racism demonstrated by team Adnan with regard to Jay. It is deliberate. They leverage it to con their marks into believing their manufactured case. Still, it is strange how many were willing to buy it. It is especially strange given how many give their full-throated support to BLM, yet somehow Jay exists in a vacuum to them, separate from how police treat most black people in America. Jay getting picked up and harassed by the police for reasons unrelated to Hae’s murder is twisted by Adnan’s core team into the police using Jay to frame Adnan. The crazy thing is that the police did use Jay to fudge the story, but not in the way Team Adnan claims. The con is so effective that among Adnan’s supporters, it is inconceivable that Jay could have interactions with the police independent of Adnan’s case. They are blind to Jay being black, poor and, therefore, an easy target to pad the arrest statistics.
Frankly, the most surprising thing about this case is that the cops did not pin the murder on Jay. Adnan’s lawyers were calling the station house on February 28, 1999 at 7:00 AM—30 minutes after he was brought in. Adnan’s lawyers were law professors and expensive private criminal defense attorneys. Jay’s first interaction with a lawyer was not until September 1999, more than half a year after he was first questioned by the police in connection with Hae’s murder. The court room was packed during Adnan’s bail hearings and trials with busloads of his supporters. One fucking person showed up for Jay at his sentencing. Who was easier to put away? The kid who is regarded as the community golden boy with an army of lawyers and supporters or the poor black kid who spent most of the case with no legal representation about whom nobody gives a shit? Had Adnan not lawyered up and instead gave the cops an alternate account that was one tenth as plausible as Jay’s story, Adnan today would be a free man, charming the patients at his medical office as he commits Medicare fraud. Jay, on the other hand, would be another forgotten black man serving a life sentence for a crime he didn’t commit. There would be no Serial Podcast for Jay.
The most troubling distinction between OJ’s case and Adnan’s is where we are right now. OJ’s case shined a light on the very real racism, substantive mishandling of evidence, and abuse of discretion/power that was endemic to the LAPD’s brand of injustice. The prosecution’s evidence was challenged in real time. OJ’s supporters were themselves victims of that same injustice. They understood it. They experienced it. They knew exactly what the problems were with OJ’s case. They knew exactly what they were celebrating after the jury verdict even though the rest of America did not.
In Adnan’s case, no one is celebrating the prosecution being exposed for using Jay to erase a critical 5-hour window of uncertainty. The revelers don’t even fucking know that it happened. Nor does the bent prosecutor who is pretending to be a crusader for justice. They are celebrating a fabricated set of lies concocted by Adnan’s core team. Lies that are born from historical revision. Lies that were not raised during his trial but through a one-sided PR campaign. A PR campaign that was embraced by politicians who are supposed to enforce the law but are more concerned with succumbing to what is popular. The revelers are celebrating an invented alibi. They are celebrating lies told about a dead attorney. They are celebrating the reversal of discrimination that never occurred.
Adnan’s Latrine Team was so busy making up stories to create uninformed outrage that they neglected to see the actual injustice that was staring them in the face. Adnan admitted to hanging out with Jay on January 13, 1999. He admitted to loaning Jay his car and cell phone. Jay and Adnan were seen together at Kristi’s place. When Jay’s interview with The Intercept came out, Adnan’s team wrote it off as yet another version of his lies. They were too fucking stupid to read it in the context of Jay giving his account without the cops holding a gun to his head. They were too invested in the idea that anything Jay said must be ignored. They were too focused on using deceptive tactics to erase Jay and Adnan being at Kristi’s that evening. If they just stopped for a few minutes and understood the enormous gift that Jay gave them with his interview, Adnan could have been released on legitimate grounds a few years ago. The five-hour window that vanished represents major police/prosecutorial misconduct. It is disappointing that after the OJ verdict there were no meaningful reforms. It is downright tragic that after Adnan’s verdict was vacated, hardly anyone understands what happened let alone what needs to be fixed.
This is the tough part because I do not want to rob people of their inherent inclination to speak out against injustice. That inclination is good. It is an instinct that gives us hope. But we must be wary of the depraved opportunists who prey upon good people for possessing this instinct. The charlatans who know how to leverage and weaponize social media to manipulate us into a frenzy and unleash our uninformed outrage at our imperfect institutions making them worse than before. We must be careful to guard our precious faith in justice from those bent on using it for their cynical purposes.
Like Sarah Koenig, and like most of you, I was manipulated into caring about this case. I was eager to help and reverse what I believed was the egregious failure of the system that led to Adnan’s conviction. The first red flag for me was ugly smear campaign against Cristina Gutierrez. Gutierrez did not have the reputation of being a dumb-shit hack. My deep dive into the validity of the false claim of her being ineffective exposed the fact that Team Adnan has no qualms about telling demonstrable lies. Their depravity was exposed by their willingness to broadcast their lies after Gutierrez was dead and could not defend herself. Their hubris was exposed by how easy it was to uncover their lies for those who bother checking the facts. They benefitted from our collective indifference to fact checking because it’s a helluva lot easier to simply retweet.
The second red flag was Rabia Chaudry’s paradoxical effort to publicize Adnan’s case as much as possible while at the same time jealously guarding the case file and trying to exercise absolute control over information. Speaking about truth and justice while selectively sharing only favorable information is problematic, but I was willing to initially give her the benefit of the doubt because she needed to be mindful of disclosing privileged info (which she ended up doing anyway). But what really changed my perception was seeing how she directed her rancor at anyone for simply seeking access to information. That is basically an admission that you are full of shit. You don’t need to be a lawyer to understand this one. Any parent knows that it’s bad news when your kid is desperately trying to hide something and is speaking in half-truths or flat out lying.
Unlike the Dream Team, Adnan’s Latrine Team focused on historical revision instead of substantively attacking the evidence. Despite having more than two fucking decades to raise substantive challenges, they focused instead on making shit up. Lying about Cristina Gutierrez. Doubling down on a ridiculous alibi made even more ridiculous by sabotaging themselves by making it unnecessarily and unbelievably complex. Screaming “DNA!” every few years like they have Tourette’s Syndrome when there is a lull in the public’s interest in this case.
The biggest problem that people often have with my Leaving Baltimore post is all the ridiculous steps and the unnecessary complexity of the plot. Yeah, I know. That is exactly who these dumb-shits are. Look at what they did with the Asia alibi. All they had to do was have Asia come forward after July 8, 1999 (Item #15) when the State disclosed its theory of when Hae was murdered. “Yeah, I saw Adnan at the library at that time!” DONE! What did these fuck-heads do? They fabricate these absurd letters containing far too much unknowable information with laughable dates...letters that we are supposed to believe Adnan sat on for several weeks and said nothing about them to his lawyers, Colbert and Flohr, despite meeting with them at least 6 fucking times after the time that he testified under oath that he received them just so he could share them with Cristina Gutierrez who he did not know fucking existed and would not be his attorney for--You hopefully know the story by now. Unnecessarily complex and ridiculous plots is exactly where these people live.
In March of 2019, the Maryland Court of Appeals pushed back against Adnan’s PR campaign. The Appeals Court reversed the lower court’s decision to grant Adnan a new trial. The timing of the reversal was no coincidence. It was two days before the first episode of the HBO documentary aired. A not so subtle “fuck you” to the PR campaign that was bent on applying pressure to render a favorable ruling. At the same time, the majority’s opinion was nevertheless influenced by the “incompetent, money-grubbing bitch” mantra that was incessantly repeated and directed at Cristina Gutierrez. Repeat it enough and the lie will take root even in the minds of those who should know better. But then again, Thiru V would have had to make the arguments highlighted in this post and he did not. He was too busy planning his unsuccessful run for State's Attorney for Baltimore.
And now we have Marilyn Mosby’s MtV that is essentially a cut and paste job of Team Adnan’s greatest hits. This should scare the shit out of everyone. A DA who is bent on scoring some political points embraced the lies perpetuated by a popular and deceptive PR campaign. Team Adnan was so fucking busy concentrating on spinning their incessant string of lies that they watched the pitch of the 5-hour stretch go right past them. I know this is repetitive, but it cannot be emphasized enough:
Jay told The Intercept that he DID NOT see Hae’s car or body at Best Buy before he took Adnan to track practice and that he DID NOT see her dead body until after he and Adnan left Kristi’s house close to 7 PM.
That was huge. Team Adnan should have pounced on this immediately. They should have been screaming bloody murder that the state committed prosecutorial misconduct by eliminating an almost FIVE HOUR window of time just so they could tighten the noose around Adnan’s neck. But they were too busy spinning the bullshit that DID NOT happen. Too busy challenging the parts of Jay’s testimony that he DID NOT lie about. Too busy casting aspersions on Don who, according to her diary, Hae was nuts about until her final entry where she wrote his name 127 times. They were too busy monetizing the misery surrounding Hae Min Lee’s murder. There were too many fund raisers to organize. Too many book tours and speaking engagements. But it makes no difference now. Their job is done. The PR campaign was a success. The seeds of the lies that they planted had blossomed into a poisonous tree. Like we saw in 1995, people are jubilant and celebrating. Like we heard in 1995, people are crying out for reform. Unlike 1995, those celebrating have no fucking idea what really happened in this case.
Because of how the cops/prosecution used Jay to illegally eliminate the five-hour window, Adnan’s conviction should be vacated. Although he likely did the crime, the state cheated to secure the guilty verdict. If this goes unaddressed, it will embolden the police and prosecutors to not do the work required of them to meet the evidentiary standard of proving guilt beyond a reasonable doubt. Today we are talking about Adnan. Tomorrow it will be some poor bastard who is actually innocent whose five-hour exculpatory window will magically vanish. THAT is the injustice we must give our full-throated support to prevent. THAT is what must emerge from cesspool of misinformation. OJ’s verdict was correct and should have exposed the greater, persistent and pernicious evil that was normalized in our criminal justice system. Vacating Adnan’s conviction increases the likelihood that the huge lie sold by the prosecution during trial that was the lynchpin to his conviction will never be discussed. Instead, it will be buried under a mountain of lies sold by Team Adnan that too many good people were tricked into believing.
I do not have a problem with Adnan being released. It’s just unfortunate that his team never argued or even understood the legit grounds under which he should have won his freedom. Under no circumstances is it ok that the prosecution cheated to put away the guilty man in 2000. Yes, Adnan cheated and lied too, but at the end of the day, 23 years is 23 years. He has spent most of his life in prison and worse people got away doing less time. Had Adnan given up Bilal, he might have pleaded out in 10. Adnan did his time for the crime he committed. He likely could not bring himself to admit what really happened for the reasons described toward the end of the Leaving Baltimore post.
I cannot allow myself to be upset with people celebrating Adnan's verdict. It is not their fault. Their celebration is a symptom of what our society has become. They do not know any better. More people in the US have been stupidly screaming about a stolen election. What I cannot stand is seeing the con artists who tricked them get away with it. Whether it is Team Adnan or Trump. I cannot stand the publicity machine running countless unearned victory laps and the monetization of his “vindication.” The paid speaking engagements. The books. The films. All based on lies and all made possible because a prosecutor who is under federal indictment exploited the most popular case in Baltimore for optics. Then again, had Mosby not fired off the MtV last week, I would not have come around to where I am now. Team Adnan knows what they did. There will be no new investigation into these two “alternative suspects." The murder of Hae Min Lee will be filed as open and unsolved. Her family’s torment will deepen as they watch her killer being hailed as an innocent man. Our criminal justice system in a nutsack.
Speaking to Adnan directly. It will go a long way to build some good will by pledging to Hae’s family half of what you will make from the monetizing machine that has already started ramping up. They will not accept it, so create a scholarship in her name. Create a scholarship in Cristina Gutierrez’s name for minority female law students. Do something to cleanse it. Do something that--Ah, fuck it. Now I’m just babbling. No strong finish on this one. I’ve got nothing left. Now let me go spend the next two months editing this shit.
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Alternative Suspect #1:
Let’s quickly dispense with the absurdity of the MtV alleged alternative suspect who was polygraphed twice by the cops during the investigation. Anyone with a working knowledge of the police investigation would know that the only suspect who was the subject of a polygraph examination was Alonzo Sellers. He was the man who had the misfortune of finding Hae’s body when he pulled over to take a leak in Leakin Park about a month after she disappeared. Being a compulsive streaker, Sellers had a criminal record for indecent exposure. This caused the cops to spend two weeks taking a hard look at him. Sellers also racked up a couple of assault charges which come up when you run a Maryland Judiciary Case Search. These are likely the “Attacking a Woman in her Vehicle” and “Violence Against a Woman Known to Him” pieces of “New Information.” Ok, sure that looks kinda bad.Then we have the fact that the grassy lot on the 300 Block of Edgewood Street in Baltimore where Hae’s car was located was known to Sellers because he had a relative who lived there. Yes and that is, in fact, Edgewood STREET, not Edgewood Avenue or Edgewood Road both of which are mentioned in the MtV and neither of which exist. I don’t mean to be a stickler, but after almost 8 years as Baltimore City prosecutor, try to pretend to know your own fucking jurisdiction. There are 28 residences on the 300 block of Edgewood Street. A real psycho would pull the public records of each of those 28 residences from the Maryland Department of Assessments and Taxation to see who lived there at the relevant time. Given that Alternative Suspect #2 is Bilal Ahmed, the lack of any Indo/Pak surnames in the records suggests that Sellers was related to one of the 28 homeowners who lived on this block in 1999. That's weaker circumstantial evidence than what Mosby took issue with in the MtV.
Then the MtV hammers home the idea that Selles was improperly cleared as a suspect by the cops because of the junk science otherwise known as polygraph tests. Whether Sellers passed the polygraph or not, it would have been nice if Mosby’s morons focused for a moment on the fact that Hae Min Lee was last seen leaving school after 2 PM. We know that Hae picked up her 6-year-old cousin every day from elementary school between 3 and 3:15 PM. Trial Transcript, 1/28/2000 at p. 26, lns. 23-25. She did not show up to pick up her cousin on January 13, 1999. The cops pulled Sellers’ employment records from Coppin State University. On January 13, 1999, he clocked out at 4 PM. MPIA 15 459 699. His physical presence at work until about an hour after Hae failed to show up to get her cousin is enough to eliminate him as a suspect. It is far more compelling than the metaphysical connection to a house on Edgewood, the results of a polygraph, or his criminal record.
Alternative Suspect #2:
The MtV mentions another alternative suspect who was convicted of "multiple instances of rape and sexual assault of compromised or vulnerable victims in a systematic, deliberate and premeditated way." Compromised or vulnerable like they were anesthetized in a dentist chair when they were sexually assaulted? Yeah, they’re talking about Bilal Ahmed. Unless, of course, anyone can point to another person in the police file that fits this description. I’ve written a lot about this twisted fuck and the role he likely played in calling the shots being the man with the plan in the plot to murder Hae. This is laid out in the two-part Leaving Baltimore posts. Does that mean that I was right about Bilal? Do I feel any satisfaction that the prosecutor is suggesting Bilal might have been involved? "Fuck no," to both questions. Mosby is completely full of shit. It is ironic that Mosby's accidental reference to Bilal caused a sudden spark of interest in my Leaving Baltimore post. Recall how far off she was in ignoring a fundamental fact that cleared Alonzo Sellers. I get about as much satisfaction out of this as if my arguments were corroborated by Frito Pendejo. Mosby is a hack who doesn’t even understand what it means to identify Bilal as an “alternate suspect." Bilal being a suspect is in no way exculpatory for Adnan. Seriously, in what way would Bilal’s involvement necessitate vacating Adnan’s conviction? It does the opposite. I won’t repeat the laundry list of reasons why Bilal was likely calling the shots and Adnan was carrying out Bilal’s plan (until that 6:24 PM call Adnan received from the cops). Suggesting Bilal as an alternate suspect only serves to further entrench the fact that Adnan was definitely involved in Hae’s murder. Talking about Bilal being a suspect without understanding that Bilal and Adnan are inextricably linked is simply ignorant.Which brings us to the alleged Brady Violation. It is safe to assume that this is about Bilal. Because between the two “alternative suspects,” Bilal is the only one that we know was aware of Hae’s existence before she was murdered. Brady does not apply to Bilal though because evidence of Bilal saying that he would make Hae disappear and that he would kill her is unfavorable to Adnan. That fails the second prong of Brady. In the great tradition of bumbling idiots like Rabia Chaudry who inadvertently prove Adnan’s guilt while ineptly arguing for his innocence, Mosby accidentally makes a convincing argument that would keep Adnan locked up in a world where facts and evidence matter. Bilal’s likely involvement is further established in the addendum to Leaving Baltimore that is titled, This Message will Self Destruct Pt. 2. Fortunately for Adnan, neither Mosby nor the court have a fucking clue of who and what Bilal really is. And they never will because no one is going to take this investigation where it should have gone 23 years ago. Thus, there may technically have been a Brady violation under the letter of the law, but under the spirit of the law, a(nother) Brady disclosure involving him is harmful to Adnan's case.
Reliability of Other Evidence Mentioned in MtV:
Mosby destroys any last remnants of her credibility by embracing the team Adnan narrative regarding the cell tower evidence and dropping all pretense of being professional and admitting to being fooled by a piece of propaganda that they learned from watching TV. So, vague polygraph results are superior to the physical impossibility of an alleged suspect being present to commit the murder. As to the cell tower evidence, the State’s reliance was not limited to only incoming calls. Finally, the gullible Baltimore City Prosecutor fell for Team Adnan’s con regarding Kristi Vinson’s schedule. As always, they were extremely cagey with what they chose to show and what they desperately tried to hide. Another eagle-eyed user had pointed out the deceptive tactics employed by Team Adnan to fool Kristi into mixing up the two classes Kristi had that semester.Ritz’s Misconduct:
This is the only part of the MtV that holds sway, but it only gets us half way there. Det. Ritz being responsible for an innocent man doing 17 years that he did not owe is compelling, but that is a different case. It would have been nice if Mosby exercised a modicum of critical thinking and deployed the investigative resources at her disposal to flesh out the fact that in the case at bar, Ritz and MacGillivary forced their star witness, Jay, to deviate wildly from the truth to help the DA secure a guilty verdict.
Echo of OJ:
The shitshow that has been Adnan Syed’s case did not happen in a vacuum. It is part of a continuum that is a natural consequence of the direction our society has been heading since the OJ Simpson trial. I really hated the OJ Simpson case when it was happening in 1994-95. It was the only thing being reported by the major news outlets for a year. As though there wasn’t a single other goddamn thing that happening in the world that was worthy of coverage. I got on a moral high horse and boycotted watching anything related to the case. Missing out on a bunch of lame pop culture jokes related to the case was a small sacrifice. Of course, it was impossible to avoid some of the details and evidence of Simpson’s obvious guilt. So, when the verdict was announced, I pretended not to care but privately thought, like most of America, that the jurors were a bunch of fucking idiots. But then 21 years later, the five-part ESPN documentary titled, OJ: Made in America was released.I’ve always had the tendency to over-analyze everything. I suppose suggesting that I have an analytical mind is something I share in common with Asia McClain. Anyway, the example that Ezra Edelman provides in his 8-hour documentary on OJ’s case is a master class in providing structure to analysis and had a huge influence on how I process information. He took a shit case and had the brilliance to recognize it for the paradigm shift in our culture and history that it represented. Knowing little about the details of the case because of my boycott made Edelman’s documentary even more compelling. Most importantly, he explained the verdict in a way that no one else did for decades.
Edelman provided historical context about race and the LAPD—not just the immediate events that preceded the case like what happened to Rodney King and the riots that followed when the cops who were captured on video beating the living shit out of him were found not guilty. He laid the foundation of the racial tensions by reminding us of the Watts Riots and the brutal treatment by the LAPD of the black people who migrated West from the deep South hoping for a better life. He reminded us of the lesser-known injustices that were fresh in the minds of members of the black community. Latasha Harlins, Eula Love, the raided homes at 39th and Dalton. Watts and the 1992 LA riots served as bookends for how OJ Simpson lived his adult life stiff-arming the suffering of the black community like the statue in the Heisman Trophy that he won. The riots served as a snapshot spanning three decades of the LAPD acting with impunity. Where abuse of discretion was so common and normalized that it became standard operating procedure. It represented the worst of our criminal justice system on steroids and it was unleashed against countless innocents who could do nothing about it because they were among the poor, the unsophisticated and disenfranchised. They lacked the power and resources to do anything about the system that repeatedly bulldozed over them.
Edelman underscored the two very different justices that were being pursued in the OJ Simpson case. The obvious was justice for the two victims of murder. The less obvious, but far more powerful, was the justice for the hundreds of thousands who were mistreated or killed by the LAPD. The latter justice had been percolating for decades. “He’s not one of you! He has contempt for the black community! He obviously committed murder!” So, the black community should have waited for the perfect representative who was arrested on false charges as a teen, could not get a good job because of his criminal record and is now being framed for a murder that he did not commit. Hey, Robert Shapiro, Johnny Cochran, Barry Scheck, F. Lee Baily, Gerald Uelmen, Alan Dershowitz, can you please take that case pro bono?
Yeah, OJ totally murdered two people, but he had the resources to shine a light on how criminal justice was meted out by the LAPD. He didn’t even try to cover his tracks. In fact, he left a bloody shoe print. The case did not require any “help” from the cops. OJ more than did his part. But operating with impunity and mishandling evidence had become like muscle memory for the LAPD because they never faced a meaningful challenge against their practices. Sure, there have been several examples of cases that have been reexamined and scrutinized by the public after convictions were secured and the defendants’ fates were sealed. But these investigations were after the fact and of little consequence. The cries of injustice fell on deaf ears of the majority who are comfortable with living under the perception of safety that is the hallmark of “Law and Order.” They don’t give a shit about the cries of injustice by those they regard as bleeding heart socialists.
The OJ case is rare because the LAPD was up against a legal team with the capability to challenge them IN REAL TIME. This was not about simply using this case to punish the LAPD for their past abuses of power and discretion. They brought the abuse of powediscretion to this case when a conviction could have easily been secured without it. Mishandling of evidence was being called out while the forensic tech was on the stand—not years later in a compelling but inconsequential documentary. The racist attitude and history of a detective was being called out while the detective was on the stand—not in a podcast to millions of shocked listeners way after the racist detective retired or died. It was a pivotal moment and a unique opportunity to place the LAPD on trial. The prosecution was completely unprepared for this. The victims and their families were unfortunately collateral damage that were lost in the wake of a case that ended up becoming much more than a murder trial.
At the end of Edelman’s doc, I was just as convinced that OJ murdered his ex and her lover, but I was also convinced that the jury got it right. Not because the LAPD needed to be punished for its ugly history. But because they brought that ugly history to the OJ Simpson case and contaminated a murder investigation that should have been a ground ball. If a person is obviously guilty, it does not absolve the police and prosecutors from doing their fucking jobs. The LAPD/prosecution shot themselves in the foot by injecting reasonable doubt by following their normalized corrupt and/or sloppy procedures. I used to scoff at the “Dream Team” moniker, but those fuckers nailed it.
The Dream Team substantively destroyed the prosecution’s mishandling of physical evidence. They exposed the racial bias of the detective who was not above doing what he felt was necessary to help the prosecution remove reasonable doubt. And Johnny Cochran was keenly aware of the historical context of what was happening while he was in the moment. The decades of injustice was palpable in the courtroom. But this was not Bill Lambeer being called for a phantom foul on Kareem in game 6 of the 1988 NBA Finals because of all the other shit Lambeer pulled in the past. This was Lambeer bodyslamming Kareem and wondering why the ref blew the whistle. The racial dynamics of that analogy were inadvertent but surprisingly apt.
Finally, Edelman made it a point to acknowledge how the OJ case was covered by the news media. For years, the focus of news reporting had been shifting away from informing the public and catering more to what the public wanted to see. With the OJ case, the need to inform was abandoned and ratings became the only currency that mattered.
The immediate consequence of this shift was an uninformed majority who could not understand why so many black people were celebrating. For all the bloviating legal consultants providing their exhaustive, “expert” analysis, the outrage over injecting race into the case was emphasized instead of the Dream Team’s systematic dismantling of the prosecution’s physical evidence and the LAPD’s mishandling of evidence and misconduct. Unfortunately, the larger themes of the case were lost on the majority. For them, the case boiled down to a murderer escaping justice because black people sided with their own.
Those who celebrated the OJ verdict knew why they were celebrating. The corrupt practices of the LAPD were finally exposed for the world to see. The LAPD faced a comeuppance that had been decades in the making. But the jubilation felt by the black community that their cries of injustice were finally heard was short-lived. The majority was blind to the systemic flaws that were exposed. Those flaws in our imperfect criminal justice system persist and have multiplied. Our collective ignorance of those flaws is compounded by our being deluged by continuous waves of misinformation. Adnan Syed’s case is a natural byproduct of what we have become. Which brings me to the link between OJ and Adnan.
Adnan: The OJ for Our Times:
I used to refer to Adnan as my Indo/Pak community’s OJ. The most imperfect example of systemic discrimination and injustice who is the least worthy of our collective support. That is where the similarities end. But there is a nexus between the effect the OJ Simpson case had on our society and how Adnan’s case was processed and misunderstood by so many people. After almost two decades of consuming a steady stream of news that caters to what we want to see and believe, we were hit with the Serial podcast. Along the way, the news media became increasingly lazy and dumb. It took its cues on what to report from what is trending on social media. Yeah, news directors prioritize stories based on the brain-farts of uninformed shit-heads who process information in 140 (now generously expanded to 280) character segments. Nuance is gone. We have become a reflection of that lack of nuance. Am I exaggerating? Regardless of your political affiliation, you cannot deny the fact that we elected a fucking internet troll as president in 2016. Being uninformed is what brought us there. And don’t kid yourself that the ignorance is limited to one side of the political spectrum. For three years, Russia collusion was trending on Twitter. Accordingly, we were bombarded by stories of collusion every evening by (the once great) Rachel Maddow and others of her ilk. Three fucking years of examining whether this orange dumbshit, who cannot collude with himself, colluded with a foreign government to win the US presidency. And who was the white knight leading this investigation? Robert Mueller.Bear with me. I promise that this rant has a purpose.
Mueller was the FBI director from 2001 and 2013. He helmed the domestic war on terror. His agency dispatched thousands of informants to mosques across the country. Their work led to dozens of high profile arrests of Muslim men charged with conspiracy to commit acts of terror. The American Muslim community felt like it was under siege. However, cursory examination of these cases revealed absurd entrapment tactics wherein the FBI recruited the would be terrorists often by enticing those in financial hardship with promises of money. But the feds did not stop there. They targeted the mentally challenged. They provided the plot, the target and the dummy weapons to carry out the crime. The lengths to which our government’s investigative agency under Mueller went to fabricate these crimes would be laughable if it was not true. They are the subject of some compelling documentaries. HBO’s, The Newburgh Sting, is one of the best I’ve ever seen. It won a Peabody in 2014. It used to be available for free on youtube, but good luck finding a copy of it anywhere now. Another good one was (T)ERROR on PBS, which is probably easier to find. TAL did a fantastic episode titled, “The Convert,” that I always thought would make an excellent film. Ira Glass gives disclaimers in the episode about how unusual it is for the FBI to attempt this type of entrapment. He is dead fucking wrong. There are several other books, articles and docs out there on the subject. At the end of the day, we are again talking about taking measures that give the public the perception of safety. But that is where the similarities between state/local and federal law enforcement ends.
Speaking as a Muslim with the same ethnic background as Adnan, I am acutely aware that discrimination against Muslims in the US is very real. But what too many of my fellow Muslims don’t get is that, unless the Muslim is black or Latino, our stop and frisks do not happen on the street by local PD. Our stop and frisks happen in the security line at the airport by TSA. We are on no-fly lists. Federal authorities audit our charities. Federal agents dispatch informants into our houses of worship. It is absolutely discriminatory, but we are NOT the target for discrimination by state and local law enforcement. We are the target for discrimination by federal law enforcement. Adnan’s case does not have a single fucking thing to do with the discrimination faced by Muslims in the US. But team Adnan has done an excellent job deceptively conflating it with the injustices and discrimination that our community experiences at the federal level. Team Adnan scored the best of both discriminations by also conflating Adnan's case with the discrimination suffered by the black community that was felt during the OJ trial. State and local law enforcement do not give a shit about targeting Muslims. There are not enough of us to feed that machine. If you don’t understand the distinction, you shouldn’t complain about systemic discrimination because you don’t even understand the fucking system.
Adnan’s supporters cry out against injustice. But the injustice they wail about was conjured in the minds of team Adnan. His fabricated alibi being ignored by his dead attorney before she was even representing him. The general stupidity of the police/DA railroading Adnan because he is Muslim. A complete lack of understanding that state/local law enforcement is incentivized to target the poor and disenfranchised who are unable to secure decent legal representation. Most of those celebrating the vacating of Adnan’s conviction likely hold a negative opinion of Jay Wilds. That is so ironic. The seeds for this were firmly planted in the heads of Adnan’s supporters by his core team.
There is nothing unconscious about the racism demonstrated by team Adnan with regard to Jay. It is deliberate. They leverage it to con their marks into believing their manufactured case. Still, it is strange how many were willing to buy it. It is especially strange given how many give their full-throated support to BLM, yet somehow Jay exists in a vacuum to them, separate from how police treat most black people in America. Jay getting picked up and harassed by the police for reasons unrelated to Hae’s murder is twisted by Adnan’s core team into the police using Jay to frame Adnan. The crazy thing is that the police did use Jay to fudge the story, but not in the way Team Adnan claims. The con is so effective that among Adnan’s supporters, it is inconceivable that Jay could have interactions with the police independent of Adnan’s case. They are blind to Jay being black, poor and, therefore, an easy target to pad the arrest statistics.
Frankly, the most surprising thing about this case is that the cops did not pin the murder on Jay. Adnan’s lawyers were calling the station house on February 28, 1999 at 7:00 AM—30 minutes after he was brought in. Adnan’s lawyers were law professors and expensive private criminal defense attorneys. Jay’s first interaction with a lawyer was not until September 1999, more than half a year after he was first questioned by the police in connection with Hae’s murder. The court room was packed during Adnan’s bail hearings and trials with busloads of his supporters. One fucking person showed up for Jay at his sentencing. Who was easier to put away? The kid who is regarded as the community golden boy with an army of lawyers and supporters or the poor black kid who spent most of the case with no legal representation about whom nobody gives a shit? Had Adnan not lawyered up and instead gave the cops an alternate account that was one tenth as plausible as Jay’s story, Adnan today would be a free man, charming the patients at his medical office as he commits Medicare fraud. Jay, on the other hand, would be another forgotten black man serving a life sentence for a crime he didn’t commit. There would be no Serial Podcast for Jay.
The most troubling distinction between OJ’s case and Adnan’s is where we are right now. OJ’s case shined a light on the very real racism, substantive mishandling of evidence, and abuse of discretion/power that was endemic to the LAPD’s brand of injustice. The prosecution’s evidence was challenged in real time. OJ’s supporters were themselves victims of that same injustice. They understood it. They experienced it. They knew exactly what the problems were with OJ’s case. They knew exactly what they were celebrating after the jury verdict even though the rest of America did not.
In Adnan’s case, no one is celebrating the prosecution being exposed for using Jay to erase a critical 5-hour window of uncertainty. The revelers don’t even fucking know that it happened. Nor does the bent prosecutor who is pretending to be a crusader for justice. They are celebrating a fabricated set of lies concocted by Adnan’s core team. Lies that are born from historical revision. Lies that were not raised during his trial but through a one-sided PR campaign. A PR campaign that was embraced by politicians who are supposed to enforce the law but are more concerned with succumbing to what is popular. The revelers are celebrating an invented alibi. They are celebrating lies told about a dead attorney. They are celebrating the reversal of discrimination that never occurred.
Adnan’s Latrine Team was so busy making up stories to create uninformed outrage that they neglected to see the actual injustice that was staring them in the face. Adnan admitted to hanging out with Jay on January 13, 1999. He admitted to loaning Jay his car and cell phone. Jay and Adnan were seen together at Kristi’s place. When Jay’s interview with The Intercept came out, Adnan’s team wrote it off as yet another version of his lies. They were too fucking stupid to read it in the context of Jay giving his account without the cops holding a gun to his head. They were too invested in the idea that anything Jay said must be ignored. They were too focused on using deceptive tactics to erase Jay and Adnan being at Kristi’s that evening. If they just stopped for a few minutes and understood the enormous gift that Jay gave them with his interview, Adnan could have been released on legitimate grounds a few years ago. The five-hour window that vanished represents major police/prosecutorial misconduct. It is disappointing that after the OJ verdict there were no meaningful reforms. It is downright tragic that after Adnan’s verdict was vacated, hardly anyone understands what happened let alone what needs to be fixed.
Twelve-Stepilogue:
How to wrap up my thoughts on this ridiculously addictive case that I cannot seem to quit? I need to walk back some of what I said about Adnan being the OJ for the narcoleptic somnambulists who are convinced that they are woke. Goddammit. I don’t want to be mean, but you fuckers don’t make it easy.This is the tough part because I do not want to rob people of their inherent inclination to speak out against injustice. That inclination is good. It is an instinct that gives us hope. But we must be wary of the depraved opportunists who prey upon good people for possessing this instinct. The charlatans who know how to leverage and weaponize social media to manipulate us into a frenzy and unleash our uninformed outrage at our imperfect institutions making them worse than before. We must be careful to guard our precious faith in justice from those bent on using it for their cynical purposes.
Like Sarah Koenig, and like most of you, I was manipulated into caring about this case. I was eager to help and reverse what I believed was the egregious failure of the system that led to Adnan’s conviction. The first red flag for me was ugly smear campaign against Cristina Gutierrez. Gutierrez did not have the reputation of being a dumb-shit hack. My deep dive into the validity of the false claim of her being ineffective exposed the fact that Team Adnan has no qualms about telling demonstrable lies. Their depravity was exposed by their willingness to broadcast their lies after Gutierrez was dead and could not defend herself. Their hubris was exposed by how easy it was to uncover their lies for those who bother checking the facts. They benefitted from our collective indifference to fact checking because it’s a helluva lot easier to simply retweet.
The second red flag was Rabia Chaudry’s paradoxical effort to publicize Adnan’s case as much as possible while at the same time jealously guarding the case file and trying to exercise absolute control over information. Speaking about truth and justice while selectively sharing only favorable information is problematic, but I was willing to initially give her the benefit of the doubt because she needed to be mindful of disclosing privileged info (which she ended up doing anyway). But what really changed my perception was seeing how she directed her rancor at anyone for simply seeking access to information. That is basically an admission that you are full of shit. You don’t need to be a lawyer to understand this one. Any parent knows that it’s bad news when your kid is desperately trying to hide something and is speaking in half-truths or flat out lying.
Unlike the Dream Team, Adnan’s Latrine Team focused on historical revision instead of substantively attacking the evidence. Despite having more than two fucking decades to raise substantive challenges, they focused instead on making shit up. Lying about Cristina Gutierrez. Doubling down on a ridiculous alibi made even more ridiculous by sabotaging themselves by making it unnecessarily and unbelievably complex. Screaming “DNA!” every few years like they have Tourette’s Syndrome when there is a lull in the public’s interest in this case.
The biggest problem that people often have with my Leaving Baltimore post is all the ridiculous steps and the unnecessary complexity of the plot. Yeah, I know. That is exactly who these dumb-shits are. Look at what they did with the Asia alibi. All they had to do was have Asia come forward after July 8, 1999 (Item #15) when the State disclosed its theory of when Hae was murdered. “Yeah, I saw Adnan at the library at that time!” DONE! What did these fuck-heads do? They fabricate these absurd letters containing far too much unknowable information with laughable dates...letters that we are supposed to believe Adnan sat on for several weeks and said nothing about them to his lawyers, Colbert and Flohr, despite meeting with them at least 6 fucking times after the time that he testified under oath that he received them just so he could share them with Cristina Gutierrez who he did not know fucking existed and would not be his attorney for--You hopefully know the story by now. Unnecessarily complex and ridiculous plots is exactly where these people live.
In March of 2019, the Maryland Court of Appeals pushed back against Adnan’s PR campaign. The Appeals Court reversed the lower court’s decision to grant Adnan a new trial. The timing of the reversal was no coincidence. It was two days before the first episode of the HBO documentary aired. A not so subtle “fuck you” to the PR campaign that was bent on applying pressure to render a favorable ruling. At the same time, the majority’s opinion was nevertheless influenced by the “incompetent, money-grubbing bitch” mantra that was incessantly repeated and directed at Cristina Gutierrez. Repeat it enough and the lie will take root even in the minds of those who should know better. But then again, Thiru V would have had to make the arguments highlighted in this post and he did not. He was too busy planning his unsuccessful run for State's Attorney for Baltimore.
And now we have Marilyn Mosby’s MtV that is essentially a cut and paste job of Team Adnan’s greatest hits. This should scare the shit out of everyone. A DA who is bent on scoring some political points embraced the lies perpetuated by a popular and deceptive PR campaign. Team Adnan was so fucking busy concentrating on spinning their incessant string of lies that they watched the pitch of the 5-hour stretch go right past them. I know this is repetitive, but it cannot be emphasized enough:
Jay told The Intercept that he DID NOT see Hae’s car or body at Best Buy before he took Adnan to track practice and that he DID NOT see her dead body until after he and Adnan left Kristi’s house close to 7 PM.
That was huge. Team Adnan should have pounced on this immediately. They should have been screaming bloody murder that the state committed prosecutorial misconduct by eliminating an almost FIVE HOUR window of time just so they could tighten the noose around Adnan’s neck. But they were too busy spinning the bullshit that DID NOT happen. Too busy challenging the parts of Jay’s testimony that he DID NOT lie about. Too busy casting aspersions on Don who, according to her diary, Hae was nuts about until her final entry where she wrote his name 127 times. They were too busy monetizing the misery surrounding Hae Min Lee’s murder. There were too many fund raisers to organize. Too many book tours and speaking engagements. But it makes no difference now. Their job is done. The PR campaign was a success. The seeds of the lies that they planted had blossomed into a poisonous tree. Like we saw in 1995, people are jubilant and celebrating. Like we heard in 1995, people are crying out for reform. Unlike 1995, those celebrating have no fucking idea what really happened in this case.
Because of how the cops/prosecution used Jay to illegally eliminate the five-hour window, Adnan’s conviction should be vacated. Although he likely did the crime, the state cheated to secure the guilty verdict. If this goes unaddressed, it will embolden the police and prosecutors to not do the work required of them to meet the evidentiary standard of proving guilt beyond a reasonable doubt. Today we are talking about Adnan. Tomorrow it will be some poor bastard who is actually innocent whose five-hour exculpatory window will magically vanish. THAT is the injustice we must give our full-throated support to prevent. THAT is what must emerge from cesspool of misinformation. OJ’s verdict was correct and should have exposed the greater, persistent and pernicious evil that was normalized in our criminal justice system. Vacating Adnan’s conviction increases the likelihood that the huge lie sold by the prosecution during trial that was the lynchpin to his conviction will never be discussed. Instead, it will be buried under a mountain of lies sold by Team Adnan that too many good people were tricked into believing.
I do not have a problem with Adnan being released. It’s just unfortunate that his team never argued or even understood the legit grounds under which he should have won his freedom. Under no circumstances is it ok that the prosecution cheated to put away the guilty man in 2000. Yes, Adnan cheated and lied too, but at the end of the day, 23 years is 23 years. He has spent most of his life in prison and worse people got away doing less time. Had Adnan given up Bilal, he might have pleaded out in 10. Adnan did his time for the crime he committed. He likely could not bring himself to admit what really happened for the reasons described toward the end of the Leaving Baltimore post.
I cannot allow myself to be upset with people celebrating Adnan's verdict. It is not their fault. Their celebration is a symptom of what our society has become. They do not know any better. More people in the US have been stupidly screaming about a stolen election. What I cannot stand is seeing the con artists who tricked them get away with it. Whether it is Team Adnan or Trump. I cannot stand the publicity machine running countless unearned victory laps and the monetization of his “vindication.” The paid speaking engagements. The books. The films. All based on lies and all made possible because a prosecutor who is under federal indictment exploited the most popular case in Baltimore for optics. Then again, had Mosby not fired off the MtV last week, I would not have come around to where I am now. Team Adnan knows what they did. There will be no new investigation into these two “alternative suspects." The murder of Hae Min Lee will be filed as open and unsolved. Her family’s torment will deepen as they watch her killer being hailed as an innocent man. Our criminal justice system in a nutsack.
Speaking to Adnan directly. It will go a long way to build some good will by pledging to Hae’s family half of what you will make from the monetizing machine that has already started ramping up. They will not accept it, so create a scholarship in her name. Create a scholarship in Cristina Gutierrez’s name for minority female law students. Do something to cleanse it. Do something that--Ah, fuck it. Now I’m just babbling. No strong finish on this one. I’ve got nothing left. Now let me go spend the next two months editing this shit.
Click Here for the Final Stop in the TL/DR Tour
2021.12.22 09:27 DrakenWinter ASUS Zephyrus G14 (2020) Complete Purchasing & Maintenance Guide All You Need To Know (UPDATED)
Foreword: I have bought my G14 2020 (Ryzen 5/GTX 1650) since its release. The following guide is based on my personal experience with the machine, after a year of extensive use. Please peruse the current contents of this guide, in the hopes that it may be of help to you. Enjoy!
Final thoughts: I have been using this laptop for over a year now, and I have got to say, it has been a rough start that went to a smooth sail after scouring basically every single post in this subreddit (back then there weren't too much, but there were enough to make the G14 so good). I experience 7 hours of battery at school, typing essays, surfing the web, and watching YouTube. At home, I place it on a laptop stand, connect the 180w charger, and a single USB-C hub for my mouse, keyboard, external DAC/AMP, headphones and microphone. I have already upgraded this base version to 2x 8GB RAM to run 16GB dual-channel, and it has been great for medium/AA games like BF1, Civ 6, CSGO, all on high settings. I'm currently saving up for a 24-27" 144Hz monitor for gaming, and a better mic and an external webcam for next semester.
submitted by DrakenWinter to ZephyrusG14 [link] [comments]
Asus ROG Zephyrus G14 (GA401) 2020
PROS- New AMD Ryzen 4000 series processors paired with Nvidia GTX/RTX series graphics cards
- Low and efficient power-consumption -35W, thus
- 8-10 hours of battery life (after a few days of tweaking and tinkering)
- 65w USB-C charging capable
- Premium build quality
- Thin and light; portable
- Wide selection of ports available
- Above average speaker sound quality
- Beautiful 14" display (100% sRGB, adaptive sync, anti-glare, multiple options)
- No built-in webcam (Although one can refer to this as a premium webcam privacy feature)
- No Thunderbolt 3
- No ethernet port
- Soldered 8GB RAM on one slot (max 40GB total; 8GB+32GB)
- Slow screen response time even at 120Hz (not ideal for competitive gaming)
Purchasing Guide (after buying from a store)
GENERAL- Check that the box is sealed. Ensure the contents are complete. Here's a checklist of what you get out-of-the-box:
- laptop unit
- 180w power adapter
- 65w USC-C adapter*
- warranty card
- user guide
- ROG Strix gaming mouse*
- ROG laptop sleeve*
- receipt/proof of purchase
- a sense of pride and satisfaction with your great purchase*
- NOTE: \subject to the availability of your supplier*
- Look underneath the unit to ensure the correct product variant code. Take a picture for later use. Do note the manufacturing date as well.
- I suggest taking pictures of/typing down important serial codes, documents, etc. to save you froma headache down the line. Place them in a Google Drive folder for quick access.
- Check if both the 180w (barrel port) and 65w (left USB-C port) chargers are working, Note: NOT AT THE SAME TIME
- Test all I/O ports (USB A, USB C, 3.5mm, HDMI)
- Test the rigidity of the hinge
- Test display panel flex/resistance
- Test the fingerprint scanner
- Inspect all three (3) levels of keyboard backlighting. Really check the quality on each key
- Check the display panel for backlight bleed by performing this test
- Check the display panel for dead pixels and color misalignment by performing this test
- Test the quad speakers by performing this test, specifically
- Check for the boot time.
- Make sure Windows 10 is properly installed.
- Check your version using (Windows+R, msinfo32)
- Check About your PC. Ensure CPU, GPU, RAM, and storage size are all in order.
- Inspect Armoury Crate and MyASUS.
Set-Up Guide (first-time/initial setup)
- Join ZephyrusG14 , check pinned posts and keep yourself updated
- Update software/drivers
- Windows 10
- BIOS
- MyASUS
- Armoury Crate
- AMD Radeon Integrated Graphics Driver
- Nvidia Dedicated Graphics Driver
- Realtek Audio Drivers
- Wi-Fi 6 driver & wireless switch
- Bluetooth 5.0 driver
- Windows precision trackpad driver
- Dolby Atmos Access
- Gamefirst
- 3rd-party antivirus software (Windows Security works just fine)
- Pre-installed games (candy crush, etc.)
- Go to ninite.com to easily download multiple applications that you need, all at once.
- BatteryBar v.3.6.6 to check your discharge rate (and participate in the subreddit wars)
- HWinfo64 to check your usage statistics
- DO NOT plug the 180w power brick and the USB-C PD 65w charger at the same time.
- DO NOT force the hinge to open more than it gives. Avoid overextending.
- Register your fingerprint (same finger) 3+ times during different times of day / humidity. I do this with my smartphones and I haven't failed a log-in since.
- Keep your keyboard back lighting at 0, 2 or 3. Setting it at 1 makes this squeaking sound.
Upgrade Guide
- To pair with the soldered-on 8GB RAM, you can choose to use up to 32GB. Make sure to get DDR4 3200Mhz iteration. Note: only 16GB max will run in dual-channel mode; the excess will run in single channel. Recommended: Crucial 8GB, Crucial 32 GB
- As for the storage, there's only one M.2 SSD slot. You could buy a 2TB variant or higher. But should you require more storage space, I advise you to get an external SSD instead, to keep anything other than program files, games, and pertinent school/work files on-hand. Recommended: Samsung EVO 2TB M.2 Internal SSD, Sandisk Extreme Portable 1TB External SSD
Accessories
- Buy a microfiber cloth to keep your screen clean and to get rid of fingerprint marks.
- Buy a smaller and lighter 65w USB-C charger if you can, but the included one will do just fine when you're on-the-go.
- When buying a case/sleeve/bag/backpack, you can go with the standard 14" sizes, but the 13-13.3" (Macbook) size ones fit the G14 better because of its slim profile. The 15" ones will be a loose fit, but still usable.
- You won't have to worry about USB hubs since the G14 has both type-A and type-C ports. Plug your choice of gaming mouse and mechanical keyboard and you're good to go.
- The G14 has a dedicated 3.5mm audio jack, so plug your earphones/headset in and make sure to turn on Dolby Atmos for the best sound experience.
- Since the G14 doesn't have a webcam built-in, you can go with an external HD webcam if you need it.
- Get a cooling pad when you plan to game on your G14 to help the thermals and prevent overheating. It is also best to keep your laptop elevated using a laptop stand or mount.
- The G14 has great support for external secondary monitors and displays, having a built-in HDMI port.
- You could get custom skins, stickers, etc. to customize your laptop. Not that regardless of whether you have an Anime-Matrix model or not, the holes that cover part of the carbon fiber lid remain, where stickers cannot be placed.
- On-The-Go Light Travel Setup (for school or work)
- At-Home Workstation Setup (for gaming)
- Logitech G502 Proteus Spectrum
- Royal Kludge G68 65% mechanical keyboard with Kailh box brown switches
- Moondrop Aria IEMs
- Dual Shock 4 Controller
- Cooling Pad
Additional Resources
Good Reads- Asus ROG Zephyrus G14 GA401 Official Website
- G14 REVIEW: AMD HAS REWRITTEN THE RULES; Asus and AMD have put Intel on notice by The Verge
- All About AMD: Welcome "Renoir" (Ryzen 4000 Zen 2 Mobile Processors) by PCMAG
- Ryzen 9 4900HS debuts on the G14 by notebookcheck.net
- Asus Zephyrus G14 revisited by ultrabookreview.com
- My Previous Guide (old reddit account)
- Official G14 Reveal Video
- Reviews by Jarrod's Tech, Dave Lee, Matthew Moniz
- (most of what you'll find these days are about the 2021 model)
Final thoughts: I have been using this laptop for over a year now, and I have got to say, it has been a rough start that went to a smooth sail after scouring basically every single post in this subreddit (back then there weren't too much, but there were enough to make the G14 so good). I experience 7 hours of battery at school, typing essays, surfing the web, and watching YouTube. At home, I place it on a laptop stand, connect the 180w charger, and a single USB-C hub for my mouse, keyboard, external DAC/AMP, headphones and microphone. I have already upgraded this base version to 2x 8GB RAM to run 16GB dual-channel, and it has been great for medium/AA games like BF1, Civ 6, CSGO, all on high settings. I'm currently saving up for a 24-27" 144Hz monitor for gaming, and a better mic and an external webcam for next semester.
2021.12.15 18:39 MorpheusIndustry The Great Reset Timeline
I just published this timeline at https://morpheusindustry.medium.com/cfe519536497. It took hundreds of hours, so I would appreciate you taking at least a quick glance.
I will post the first portion here as well, but it's only about one third of the full timeline.
But first, here's an honorable mention (I couldn't find a date): https://www.blackrock.com/uk/individual/products/charities/why-social-housing-deserves-a-place-in-your-portfolio
Some timelines that helped with my research: https://sociable.co/government-and-policy/timeline-great-reset-agenda-event-201-pandemic-2020/
https://www.zodlikeproductions.net/t218-id2020-accenture-deloitte-mastercard-microsoft-rockefeller-foundation-gavi-open-society-foundation-world-economic-forum-covi-pass-commonpass
https://goingdirect.solari.com/timeline-of-key-economic-events-of-the-pandemic/
...
The following is primarily a timeline of information relevant to what is discussed by Klaus Schwab, the Executive Chairman of the World Economic Forum, which describes itself as "the International Organization for Public-Private Cooperation". This timeline will present information based on the themes of what Shwab calls the "Fourth Industrial Revolution", as well as potential crises that could allow for the acceleration of its implementation.
June 22-23, 2001: "The Dark Winter exercise, held at Andrews AFB, Washington, DC, June 22-23, 2001, portrayed a fictional scenario depicting a covert smallpox attack on US citizens."
January 14, 2005: "Atlantic Storm was a ministerial table-top exercise convened on January 14, 2005 by the Center for Biosecurity of the University of Pittsburgh Medical Center, the Center for Transatlantic Relations of the Johns Hopkins University, and the Transatlantic Biosecurity Network. The exercise used a fictitious scenario designed to mimic a summit of transatlantic leaders forced to respond to a bioterrorist attack."
"During the six hour meeting, the transatlantic leaders wrestled with the enormity and rapid pace of the emerging epidemics of smallpox, the tension between domestic politics and international relations, the challenge of controlling the movement of people across borders, and an international shortage of critical medical resources such as smallpox vaccine."
September 7-8, 2006: Black ICE (Bioterrorism International Coordination Exercise)
"In the Black ICE scenario six terrorists from South Asia self-infect with smallpox and, while they are at their most contagious, travel by air to Central Asia. During their travel and upon arrival, the terrorists infect as many people as possible with the disease. National response capabilities are quickly overwhelmed and governments call upon international organizations for assistance in areas such as disease diagnosis and interventions, public health and law enforcement investigations, coordinating transportation policies, and managing displaced populations."
August 26, 2009: Wikileaks Cable: Russia Declines USG Request to Extend Joint Smallpox Research Through ISTC
May 2010: The Rockefeller Foundation publishes: Scenarios for the Future of Technology and International Development. The section titled "Lock Step" presents a fictitious scenario of a pandemic and its aftermath.
"The Chinese government’s quick imposition and enforcement of mandatory quarantine for all citizens, as well as its instant and near-hermetic sealing off of all borders, saved millions of lives, stopping the spread of the virus far earlier than in other countries and enabling a swifter postpandemic recovery." (Page 18)
"During the pandemic, national leaders around the world flexed their authority and imposed airtight rules and restrictions, from the mandatory wearing of face masks to body-temperature checks at the entries to communal spaces like train stations and supermarkets. Even after the pandemic faded, this more authoritarian control and oversight of citizens and their activities stuck and even intensified." (Page 19)
"In developed countries, this heightened oversight took many forms: biometric IDs for all citizens, for example, and tighter regulation of key industries whose stability was deemed vital to national interests." (Page 19)
March 14, 2013: The U.S. Is Stocking Drugs for a Hypothetical Smallpox Bio-Attack
January 15, 2014: Ahead of the WEF meeting in Davos, Switzerland, Schwab announced that he hoped the WEF would push the reset button on the global economy
January 22, 2014: The WEF publishes its meeting agenda: The Reshaping of the World: Consequences for Society, Politics and Business (PDF)
"Consequently, the United Nations Secretary-General and the Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) agreed with the World Economic Forum jointly to advance public-private cooperation, action and ambition on climate change and broader sustainability issues." (Page 33)
"Companies that deal with sensitive and critical information such as those in financial services should put cyberattacks at the top of their list of risks. While CEOs and corporate boards are increasingly becoming aware of the threat, not everyone knows how to respond to it effectively. In today’s hyperconnected world, companies need to have dedicated IT teams to constantly monitor technology systems and devise ways to repel cyber attacks. Encryption is another line of defence as is two-factor verification – requiring a username and password; use of biometric information, such as fingerprints and DNA, are also useful techniques." (Page 42)
2015: Rapid Medical Countermeasure Response to Infectious Diseases: Enabling Sustainable Capabilities Through Ongoing Public- and Private-Sector Partnerships
Peter Daszak, President of EcoHealth Alliance: "Daszak reiterated that, until an infectious disease crisis is very real, present, and at an emergency threshold, it is often largely ignored. To sustain the funding base beyond the crisis, he said, we need to increase public understanding of the need for MCMs such as a pan-influenza or pancoronavirus vaccine. A key driver is the media, and the economics follow the hype. We need to use that hype to our advantage to get to the real issues. Investors will respond if they see profit at the end of process, Daszak stated." (Page 73)
March 14, 2015: Statement by Prime Minister Shinzo Abe at the High Level Segment of the Third UN World Conference on Disaster Risk Reduction
"Japan is working on the reconstruction from the Great East Japan Earthquake based on the idea of 'Build Back Better,' which aims not simply to recover the same situation that existed prior to the disaster, but rather build a society that is more resilient to disasters than before."
April 3, 2015: The next outbreak? We’re not ready Bill Gates
Bill Gates on how to respond to the next pandemic: "And then we need to pair those medical people with the military. Taking advantage of the military's ability to move fast, do logistics, and secure areas." (Timestamp: 6:37)
September 25, 2015: UN adopts new Global Goals, charting sustainable development for people and planet by 2030
"The 2030 Agenda compels us to look beyond national boundaries and short-term interests and act in solidarity for the long-term. We can no longer afford to think and work in silos.
Institutions will have to become fit for a grand new purpose."
PDF: Transforming our world: the 2030 Agenda for Sustainable Development
November 9, 2015: Journal article co-authored by Ralph Baric: A SARS-like cluster of circulating bat coronaviruses shows potential for human emergence
December 12, 2015: Klaus Schwab: The Fourth Industrial Revolution: what it means, how to respond
"Engineers, designers, and architects are combining computational design, additive manufacturing, materials engineering, and synthetic biology to pioneer a symbiosis between microorganisms, our bodies, the products we consume, and even the buildings we inhabit."
"...governments will gain new technological powers to increase their control over populations, based on pervasive surveillance systems and the ability to control digital infrastructure."
"Modern conflicts involving states are increasingly 'hybrid' in nature, combining traditional battlefield techniques with elements previously associated with nonstate actors. The distinction between war and peace, combatant and noncombatant, and even violence and nonviolence (think cyberwarfare) is becoming uncomfortably blurry."
"...the tracking and sharing of information about us is a crucial part of the new connectivity. Debates about fundamental issues such as the impact on our inner lives of the loss of control over our data will only intensify in the years ahead. Similarly, the revolutions occurring in biotechnology and AI, which are redefining what it means to be human by pushing back the current thresholds of life span, health, cognition, and capabilities, will compel us to redefine our moral and ethical boundaries."
January 10, 2016: L'interview de Klaus Schwab
Klaus Schwab when asked about implants and when they will be implemented: "Certainly in the next ten years. At first we will implant them in our clothes, and then we could imagine that we will implant them in our brains or in our skin. And in the end, maybe, there will be a direct communication between our brain and the digital world. What we see is a kind of fusion of the physical, digital and biological world."
May 20, 2016: ID2020 holds Inaugural Summit at the United Nations
"...the inaugural ID2020 Summit brought together over 400 people to discuss how to provide a unique digital identity to everyone on the planet, including the 1.5 billion people living without any form of recognized identification."
"...a public-private partnership is needed to bring together the broad group of stakeholders, provide coordination, and ensure that the best technological innovations are implemented in ways that are appropriate, secure, and sustainable."
November 11, 2016: WEF: Welcome to 2030. I own nothing, have no privacy, and life has never been better
"Welcome to the year 2030. Welcome to my city - or should I say, 'our city'. I don't own anything. I don't own a car. I don't own a house. I don't own any appliances or any clothes."
"Everything you considered a product, has now become a service."
"In our city we don't pay any rent, because someone else is using our free space whenever we do not need it. My living room is used for business meetings when I am not there."
"My biggest concern is all the people who do not live in our city. Those we lost on the way. Those who decided that it became too much, all this technology. Those who felt obsolete and useless when robots and AI took over big parts of our jobs. Those who got upset with the political system and turned against it. They live different kind of lives outside of the city. Some have formed little self-supplying communities. Others just stayed in the empty and abandoned houses in small 19th century villages."
"Once in awhile I get annoyed about the fact that I have no real privacy. No where I can go and not be registered. I know that, somewhere, everything I do, think and dream of is recorded. I just hope that nobody will use it against me."
January 10, 2017: Dr. Fauci: "There is no question that there will be a challenge the coming administration in the arena of infectious diseases ... there will be a surprise outbreak."
February 6, 2017: The WEF publishes a video on social media: 8 predictions for the world in 2030: facebookDOTcom/worldeconomicforum/videos/8-predictions-for-the-world-in-2030/10154159674886479/
"You'll own nothing. And you'll be happy."
"The US won't be the world's leading superpower."
"You'll eat much less meat."
"Polluters will have to pay to emit carbon dioxide."
"Western values will have been tested to the breaking point."
April 1, 2017: The Rockefeller Foundation awards a grant to Identity2020 Systems Inc.
"Toward the costs of establishing an alliance of governments, non-governmental organizations and private sector companies committed to providing digital identity to populations currently lacking any type of formal identification."
June 19, 2017: Accenture, Microsoft team up on blockchain-based digital ID network
"...build a digital ID network using blockchain technology, as part of a United Nations-supported project to provide legal identification to 1.1 billion people worldwide with no official documents."
"The companies unveiled a prototype of the network on Monday at the UN headquarters in New York during the second summit of ID2020, a public-private consortium promoting the UN 2030 Sustainable Development Goal of providing legal identity for everyone on the planet."
June 28, 2017: World Bank Launches First-Ever Pandemic Bonds to Support $500 Million Pandemic Emergency Financing Facility
July 6, 2017: How Canadian researchers reconstituted an extinct poxvirus for $100,000 using mail-order DNA
"Eradicating smallpox, one of the deadliest diseases in history, took humanity decades and cost billions of dollars. Bringing the scourge back would probably take a small scientific team with little specialized knowledge half a year and cost about $100,000."
October 2017: Johns Hopkins Center for Health Security publishes: The SPARS Pandemic: A Futuristic Scenario for Public Health Communicators
"From a government standpoint, the current administration is led by President Randall Archer, who took office in January 2025. Archer served as Vice President under President Jaclyn Bennett (2020-2024), who did not seek a second term due to health concerns." (Page 2)
"Responding to Misinformation or Doubt about an MCM Generated by a Prominent Public Figure: Given the ability of powerful, popular figures to reinforce or to undermine public health messages, what steps might health authorities—at either national or local levels—take to reverse the negative effects of BZee’s unintended linkage of Tuskegee and Corovax..." (Page 28)
"On July 9, 2026, a week before Corovax was released for distribution in the United States, the power grid at the Grand Coulee Dam in eastern Washington State experienced a catastrophic failure. While the event did not destroy any infrastructure or result in any deaths, it did cause widespread power outages in Washington, Oregon, Idaho, Montana, and British Columbia. Though power was restored within a day of the initial outage, blackouts continued plaguing these areas over the next three weeks." (Page 40)
"The group vigorously debated whether it was appropriate for the President to acknowledge the sacrifice that vaccine recipients had made on behalf of their communities or to console them in their grief over that sacrifice." (Page 64)
"Reports of Corovax side effects began to gain traction. Several parents of children who experienced neurological symptoms after receiving the vaccination sued the federal government and CynBio. The lawsuit was dropped when they learned of compensation funds available through the PREP Act and the National Vaccine Injury Compensation Trust Fund." (Page 75)
January 2018: World Economic Forum publishes: The Known Traveller: Unlocking the potential of digital identity for secure and seamless travel (In collaboration with Accenture) (PDF)
"Emerging technologies – from biometrics to distributed ledger to machine learning – offer tremendous potential to transform and enhance the global travel security system." (Page 3)
"Security is increasingly the focus for international travellers and border agencies as a result of growing turmoil and uncertainty due to geopolitical tensions, complex international security policies, the threat of terrorism and the rise of global pandemics." (Page 8)
February 2018 (Webster definition date): Merriam-Webster Defines 79 Percent of Americans as ‘Anti-Vaxxers’
"Peter Sokolowski, editor at large of Merriam-Webster.com, said that the entry for 'anti-vaxxer' was first added to the online dictionary in February 2018 and hasn’t been revised or changed since. It has always defined it as 'a person who opposes vaccination or laws that mandate vaccination'."
March 28, 2018: ID2020: Immunization: an entry point for digital identity
"And because immunization is conducted in infancy, providing children with a digital child health card would give them a unique, portable digital identity early in life. And as children grow, their digital child health card can be used to access secondary services, such as primary school, or ease the process of obtaining alternative credentials. Effectively the child health card becomes the first step in establishing a legal, broadly recognized identity."
May 15, 2018: "Clade X is a day-long pandemic tabletop exercise that simulated a series of National Security Council–convened meetings of 10 US government leaders, played by individuals prominent in the fields of national security or epidemic response."
Clade-X-exercise-presentation PDF: "Clade X Virus Synthesis: Genes for neurologic virulence of Nipah have been inserted into the parainfluenza genome. Virologists with special training and a reasonably outfitted laboratory could make the virus." (Page 27)
July 16, 2018: How Russia Is Disrupting the World Order NYT News
"Cybermeddling. Method: Undermine elections, trigger power outages, leak emails."
September 2018: WEF Insight Report: Identity in a Digital World: A new chapter in the social contract (PDF)
"Our identity is, literally, who we are, and as the digital technologies of the Fourth Industrial Revolution advance, our identity is increasingly digital. This digital identity determines what products, services and information we can access – or, conversely, what is closed off to us." (Page 5)
"Governments are increasingly advancing digital identity systems to support multiple goals: efficient public service delivery, sustained rule of law and robust democratic processes. At the same time, they also have a growing responsibility to ensure that systems and processes do not lead to unconstitutional intrusions into a citizen’s or resident’s privacy, or become a tool for unwarranted surveillance, discrimination and abuse." (Page 10)
"New technologies such as Internet of Things (IoT) that establish and verify identity of produce can enable an end-to-end supply-chain traceability model." (Page 11)
"Digital identity systems need technological innovation, robust regulatory frameworks, widespread public trust and acceptance, a design that appeals to consumers and long-term financial sustainability. This makes them ideal candidates for public-private partnerships, with clearly defined roles and incentives for all involved." (Page 19)
January to August 2019: Crimson Contagion was a joint exercise conducted from January to August 2019, in which numerous national, state and local, private and public organizations in the US participated, in order to test the capacity of the federal government and twelve states to respond to a severe pandemic of influenza originating in China.
March 26, 2019: WHO launches new global influenza strategy
March 26, 2019: UN accuses Blackstone Group of contributing to global housing crisis
"The UN’s housing advisor has accused private equity firms and one of the world’s largest corporate residential landlords, Blackstone Group, of exploiting tenants, 'wreaking havoc' in communities and helping to fuel a global housing crisis."
June 13, 2019: World Economic Forum and UN Sign Strategic Partnership Framework
"The World Economic Forum and the United Nations signed today a Strategic Partnership Framework outlining areas of cooperation to deepen institutional engagement and jointly accelerate the implementation of the 2030 Agenda for Sustainable Development. The framework was drafted based on a mapping of existing collaboration between the two institutions and will enable a more strategic and coordinated approach towards delivering impact."
June 27, 2019: Former FDA Commissioner Scott Gottlieb joins Pfizer's board of directors
July 24, 2019 (funding date): "But just last year, the National Institute for Allergy and Infectious Diseases, the organization led by Dr. Fauci, funded scientists at the Wuhan Institute of Virology and other institutions for work on gain-of-function research on bat coronaviruses.
"A second phase of the project, beginning that year, included additional surveillance work but also gain-of-function research for the purpose of understanding how bat coronaviruses could mutate to attack humans. The project was run by EcoHealth Alliance, a non-profit research group, under the direction of President Peter Daszak, an expert on disease ecology."
August 5, 2019: Deadly Germ Research Is Shut Down at Army Lab Over Safety Concerns
"The statement said the Centers for Disease Control and Prevention decided to issue a 'cease and desist order' last month to halt the research at Fort Detrick because the center did not have 'sufficient systems in place to decontaminate wastewater' from its highest-security labs.
But there has been no threat to public health, no injuries to employees and no leaks of dangerous material outside the laboratory, Ms. Vander Linden said.
In the statement, the C.D.C. cited 'national security reasons' as the rationale for not releasing information about its decision."
"The army institute also employed Bruce E. Ivins, a microbiologist who was a leading suspect — but who was never charged — in the anthrax mailings in 2001 that killed five people. Dr. Ivins died in 2008, apparently by suicide."
August 19, 2019: Blackrock publishes: Dealing with the next downturn: From unconventional monetary policy to unprecedented policy coordination (PDF)
"Going direct means the central bank finding ways to get central bank money directly in the hands of public and private sector spenders. Going direct, which can be organised in a variety of different ways, works by: 1) bypassing the interest rate channel when this traditional central bank toolkit is exhausted, and; 2) enforcing policy coordination so that the fiscal expansion does not lead to an offsetting increase in interest rates.
An extreme form of 'going direct' would be an explicit and permanent monetary financing of a fiscal expansion, or so-called helicopter money." (Page 2)
"...in a downturn the only solution is for a more formal – and historically unusual – coordination of monetary and fiscal policy to provide effective stimulus." (Page 8)
"Any additional measures to stimulate economic growth will have to go beyond the interest rate channel and 'go direct' – when a central bank crediting private or public sector accounts directly with money. One way or another, this will mean subsidising spending – and such a measure would be fiscal rather than monetary by design. This can be done directly through fiscal policy or by expanding the monetary policy toolkit with an instrument that will be fiscal in nature, such as credit easing by way of buying equities. This implies that an effective stimulus would require coordination between monetary and fiscal policy – be it implicitly or explicitly." (Page 8)
August 22, 2019: Symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming: Challenges for Monetary Policy
Fed Chair Jerome Powell: "Banks and other key institutions have significantly more capital and more stable funding than before the (2007–08 financial) crisis."
"To address this new normal, we are conducting a public review of our monetary policy strategy, tools, and communications—the first of its kind for the Federal Reserve. We are evaluating the pros and cons of strategies that aim to reverse past misses of our inflation objective. We are examining the monetary policy tools we have used both in calm times and in crisis, and we are asking whether we should expand our toolkit."
August 26, 2019: U.S. officials fear ransomware attack against 2020 election
September 3, 2019: HHS Purchases Smallpox Vaccine to Enhance Biodefense Preparedness
"As part of ongoing preparedness efforts against biodefense threats, the U.S. Department of Health and Human Services (HHS) will purchase smallpox vaccine, called ACAM2000, to build and replenish vaccine stored in the Strategic National Stockpile (SNS) over the next decade.
Under the agreement announced today, the HHS Office of the Assistant Secretary for Preparedness and Response (ASPR), which oversees the SNS, will award approximately $170 million to Emergent BioSolutions..."
September 4, 2019: The Bill and Melinda Gates Foundation spent $55MM on a pre-ipo equity investment into BioNtech, which later partnered with Pfizer to make its mRNA vaccine.
September 5, 2019: CommonHealth Will Enable Android™ Phone Users to Access and Share their Electronic Health Record Data with Trusted Apps and Partners
"Cornell Tech, UC San Francisco (UCSF), Sage Bionetworks, Open mHealth and The Commons Project are collaborating to develop CommonHealth, an open-source, non-profit public service designed to make it easy and secure for people to collect their electronic health record data and share it with health apps and partners that have demonstrated their trustworthiness."
September 12, 2019 (date of database suspension): Gravitas Exclusive: Why did Wuhan lab take database of '22,000 virus samples' offline?
"The 'Bat Woman' Shi claimed that the database was taken down because of hacking attempts during the pandemic."
"...the database was actually taken down in September 2019."
September 17, 2019: Fed runs repo Tuesday amid worries about keeping its benchmark rate in check
"The Federal Reserve conducted a repurchase operation Tuesday involving $53 billion worth of various debt instruments as it seeks to control the level of its benchmark interest rate. It was the first such move in a decade."
September 17, 2019: Blast sparks fire at Russian laboratory housing smallpox virus
"The smallpox virus survives in two places on Earth: at Vector and at another high-security laboratory at the US Centers for Disease Control and Prevention in Atlanta."
September 18, 2019: The Johns Hopkins Center for Health Security publishes: Preparedness for a High-Impact Respiratory Pathogen Pandemic
"Nucleic acid (RNA and DNA)–based vaccines are widely seen as highly promising and potentially rapid vaccine development pathways, though they have not yet broken through with licensed products." (Page 11)
"During an emergency, it should be expected that implementation of some NPIs (nonpharmaceutical interventions), such as travel restrictions and quarantine, might be pursued for social or political purposes by political leaders, rather than pursued because of public health evidence." (Page 13)
"National governments need to prepare for the deliberate use of a respiratory pathogen." (Page 14)
"Continued research into the science of attribution, as well as the strengthening of surveillance systems, international collaboration, and implementation of treaty agreements, particularly the Biological Weapons Convention (BWC), are all needed for an effective response to the deliberate use of a biological weapon with a high-impact respiratory pathogen." (Page 14)
September 18, 2019: Global Preparedness Monitoring Board: A World At Risk: Annual report on global preparedness for health emergencies
"Countries, donors and multilateral institutions must be prepared for the worst. A rapidly spreading pandemic due to a lethal respiratory pathogen (whether naturally emergent or accidentally or deliberately released) poses additional preparedness requirements. Donors and multilateral institutions must ensure adequate investment in developing innovative vaccines and therapeutics, surge manufacturing capacity, broad-spectrum antivirals and appropriate non-pharmaceutical interventions. All countries must develop a system for immediately sharing genome sequences of any new pathogen for public health purposes along with the means to share limited medical countermeasures across countries.
Progress indicator(s) by September 2020 • Donors and countries commit and identify timelines for: financing and development of a universal influenza vaccine, broad spectrum antivirals, and targeted therapeutics. WHO and its Member States develop options for standard procedures and timelines for sharing of sequence data, specimens, and medical countermeasures for pathogens other than influenza." (Page 8)
September 18, 2019: Wuhan Customs Holds 30 Days Countdown to Military Games and Emergency Response Drill at Ports (English translation)
Original source: https://web.archive.org/web/20200129163943/http://k.sina.com.cn/article_2000016880_7735d5f002000krlq.html
September 19, 2019: Executive Order 13887: Modernizing Influenza Vaccines in the United States to Promote National Security and Public Health
September 19, 2019: ID2020 Alliance launches digital ID program with Government of Bangladesh and Gavi, announces new partners at annual summit
"Recognizing the opportunity for immunization to serve as a platform for digital identity, this program leverages existing vaccination and birth registration operations to offer newborns a persistent and portable biometrically-linked digital identity."
September 20, 2019: The World Knows an Apocalyptic Pandemic Is Coming
September 24, 2019: FDA approves first live, non-replicating vaccine (Jynneos) to prevent smallpox and monkeypox
October 8, 2019: AB 1482 "The California Tenant Protection Act of 2019"
"Statewide law that goes into effect on January 1, 2020 and expires on January 1, 2030."
October 18, 2019: Military World Games opens in Wuhan, ushering in new era
"This edition marks the first time that the Games have been staged outside the military barracks and the first time all the events are held in one city."
October 18, 2019: Event 201 simulated the effects of a fictional coronavirus originating in bats but passing to humans via pigs.
"The Johns Hopkins Center for Health Security in partnership with the World Economic Forum and the Bill and Melinda Gates Foundation hosted Event 201, a high-level pandemic exercise ... The exercise illustrated areas where public/private partnerships will be necessary during the response to a severe pandemic in order to diminish large-scale economic and societal consequences."
"Governments and the private sector should assign a greater priority to developing methods to combat mis- and disinformation prior to the next pandemic response."
October 25, 2019: Joe Biden: We are not prepared for a pandemic. Trump has rolled back progress President Obama and I made to strengthen global health security. We need leadership that builds public trust, focuses on real threats, and mobilizes the world to stop outbreaks before they reach our shores.
November 17, 2019 (case date): Coronavirus: China’s first confirmed Covid-19 case traced back to November 17
December 12, 2019: Alleged leaked document: Confidential Disclosure Agreement between NIAID, Moderna Therapeutics, Inc. and its affiliates
"mRNA coronavirus vaccine candidates developed and jointly owned by NIAID and Moderna" (Page 105) (Signed by Ralph Baric on Page 107)
December 19, 2019: Bill Gates: "What's next for our foundation? I'm particularly excited about what the next year could mean for one of the best buys in global health: vaccines."
December 27, 2019 (case date): Coronavirus: France's first known case 'was in December'
December 29, 2019: Central Bank Gold Hoarding Hits 50-Year High
"...at least 37 developed central banks have participated in significant monetary easing practices like large scale overnight repos and slashing interest rates."
January 7, 2020: Prediction For 2030: A Government Take Over Of Rental Housing
January 8, 2020: 2019 had the most CEO departures on record with more than 1,600
"A 'staggering' 1,640 CEOs left their posts in 2019, the highest year on record since Challenger, Gray, & Christmas began tracking in 2002."
January 11, 2020: Chinese researchers reveal draft genome of virus implicated in Wuhan pneumonia outbreak
"Ralph Baric, a coronavirus researcher at the University of North Carolina, Chapel Hill, notes that of the four known SARS-related bat viruses capable of infecting humans, this one is the most distant from SARS itself. After downloading the sequence last night, his lab immediately began to try to reverse-engineer a live virus from the sequence, which can be helpful to develop antibody tests and to start experiments in animal models. 'If you want to have a strong public health response, you have to do this quickly,' says Baric, who leads one of the few labs in the world that can re-create coronaviruses just from their sequences. (Bureaucratic hurdles would make it difficult for China to ship the actual virus quickly to other countries, he says.)"
submitted by MorpheusIndustry to conspiracy [link] [comments]
I will post the first portion here as well, but it's only about one third of the full timeline.
But first, here's an honorable mention (I couldn't find a date): https://www.blackrock.com/uk/individual/products/charities/why-social-housing-deserves-a-place-in-your-portfolio
Some timelines that helped with my research: https://sociable.co/government-and-policy/timeline-great-reset-agenda-event-201-pandemic-2020/
https://www.zodlikeproductions.net/t218-id2020-accenture-deloitte-mastercard-microsoft-rockefeller-foundation-gavi-open-society-foundation-world-economic-forum-covi-pass-commonpass
https://goingdirect.solari.com/timeline-of-key-economic-events-of-the-pandemic/
...
The following is primarily a timeline of information relevant to what is discussed by Klaus Schwab, the Executive Chairman of the World Economic Forum, which describes itself as "the International Organization for Public-Private Cooperation". This timeline will present information based on the themes of what Shwab calls the "Fourth Industrial Revolution", as well as potential crises that could allow for the acceleration of its implementation.
June 22-23, 2001: "The Dark Winter exercise, held at Andrews AFB, Washington, DC, June 22-23, 2001, portrayed a fictional scenario depicting a covert smallpox attack on US citizens."
January 14, 2005: "Atlantic Storm was a ministerial table-top exercise convened on January 14, 2005 by the Center for Biosecurity of the University of Pittsburgh Medical Center, the Center for Transatlantic Relations of the Johns Hopkins University, and the Transatlantic Biosecurity Network. The exercise used a fictitious scenario designed to mimic a summit of transatlantic leaders forced to respond to a bioterrorist attack."
"During the six hour meeting, the transatlantic leaders wrestled with the enormity and rapid pace of the emerging epidemics of smallpox, the tension between domestic politics and international relations, the challenge of controlling the movement of people across borders, and an international shortage of critical medical resources such as smallpox vaccine."
September 7-8, 2006: Black ICE (Bioterrorism International Coordination Exercise)
"In the Black ICE scenario six terrorists from South Asia self-infect with smallpox and, while they are at their most contagious, travel by air to Central Asia. During their travel and upon arrival, the terrorists infect as many people as possible with the disease. National response capabilities are quickly overwhelmed and governments call upon international organizations for assistance in areas such as disease diagnosis and interventions, public health and law enforcement investigations, coordinating transportation policies, and managing displaced populations."
August 26, 2009: Wikileaks Cable: Russia Declines USG Request to Extend Joint Smallpox Research Through ISTC
May 2010: The Rockefeller Foundation publishes: Scenarios for the Future of Technology and International Development. The section titled "Lock Step" presents a fictitious scenario of a pandemic and its aftermath.
"The Chinese government’s quick imposition and enforcement of mandatory quarantine for all citizens, as well as its instant and near-hermetic sealing off of all borders, saved millions of lives, stopping the spread of the virus far earlier than in other countries and enabling a swifter postpandemic recovery." (Page 18)
"During the pandemic, national leaders around the world flexed their authority and imposed airtight rules and restrictions, from the mandatory wearing of face masks to body-temperature checks at the entries to communal spaces like train stations and supermarkets. Even after the pandemic faded, this more authoritarian control and oversight of citizens and their activities stuck and even intensified." (Page 19)
"In developed countries, this heightened oversight took many forms: biometric IDs for all citizens, for example, and tighter regulation of key industries whose stability was deemed vital to national interests." (Page 19)
March 14, 2013: The U.S. Is Stocking Drugs for a Hypothetical Smallpox Bio-Attack
January 15, 2014: Ahead of the WEF meeting in Davos, Switzerland, Schwab announced that he hoped the WEF would push the reset button on the global economy
January 22, 2014: The WEF publishes its meeting agenda: The Reshaping of the World: Consequences for Society, Politics and Business (PDF)
"Consequently, the United Nations Secretary-General and the Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) agreed with the World Economic Forum jointly to advance public-private cooperation, action and ambition on climate change and broader sustainability issues." (Page 33)
"Companies that deal with sensitive and critical information such as those in financial services should put cyberattacks at the top of their list of risks. While CEOs and corporate boards are increasingly becoming aware of the threat, not everyone knows how to respond to it effectively. In today’s hyperconnected world, companies need to have dedicated IT teams to constantly monitor technology systems and devise ways to repel cyber attacks. Encryption is another line of defence as is two-factor verification – requiring a username and password; use of biometric information, such as fingerprints and DNA, are also useful techniques." (Page 42)
2015: Rapid Medical Countermeasure Response to Infectious Diseases: Enabling Sustainable Capabilities Through Ongoing Public- and Private-Sector Partnerships
Peter Daszak, President of EcoHealth Alliance: "Daszak reiterated that, until an infectious disease crisis is very real, present, and at an emergency threshold, it is often largely ignored. To sustain the funding base beyond the crisis, he said, we need to increase public understanding of the need for MCMs such as a pan-influenza or pancoronavirus vaccine. A key driver is the media, and the economics follow the hype. We need to use that hype to our advantage to get to the real issues. Investors will respond if they see profit at the end of process, Daszak stated." (Page 73)
March 14, 2015: Statement by Prime Minister Shinzo Abe at the High Level Segment of the Third UN World Conference on Disaster Risk Reduction
"Japan is working on the reconstruction from the Great East Japan Earthquake based on the idea of 'Build Back Better,' which aims not simply to recover the same situation that existed prior to the disaster, but rather build a society that is more resilient to disasters than before."
April 3, 2015: The next outbreak? We’re not ready Bill Gates
Bill Gates on how to respond to the next pandemic: "And then we need to pair those medical people with the military. Taking advantage of the military's ability to move fast, do logistics, and secure areas." (Timestamp: 6:37)
September 25, 2015: UN adopts new Global Goals, charting sustainable development for people and planet by 2030
"The 2030 Agenda compels us to look beyond national boundaries and short-term interests and act in solidarity for the long-term. We can no longer afford to think and work in silos.
Institutions will have to become fit for a grand new purpose."
PDF: Transforming our world: the 2030 Agenda for Sustainable Development
November 9, 2015: Journal article co-authored by Ralph Baric: A SARS-like cluster of circulating bat coronaviruses shows potential for human emergence
December 12, 2015: Klaus Schwab: The Fourth Industrial Revolution: what it means, how to respond
"Engineers, designers, and architects are combining computational design, additive manufacturing, materials engineering, and synthetic biology to pioneer a symbiosis between microorganisms, our bodies, the products we consume, and even the buildings we inhabit."
"...governments will gain new technological powers to increase their control over populations, based on pervasive surveillance systems and the ability to control digital infrastructure."
"Modern conflicts involving states are increasingly 'hybrid' in nature, combining traditional battlefield techniques with elements previously associated with nonstate actors. The distinction between war and peace, combatant and noncombatant, and even violence and nonviolence (think cyberwarfare) is becoming uncomfortably blurry."
"...the tracking and sharing of information about us is a crucial part of the new connectivity. Debates about fundamental issues such as the impact on our inner lives of the loss of control over our data will only intensify in the years ahead. Similarly, the revolutions occurring in biotechnology and AI, which are redefining what it means to be human by pushing back the current thresholds of life span, health, cognition, and capabilities, will compel us to redefine our moral and ethical boundaries."
January 10, 2016: L'interview de Klaus Schwab
Klaus Schwab when asked about implants and when they will be implemented: "Certainly in the next ten years. At first we will implant them in our clothes, and then we could imagine that we will implant them in our brains or in our skin. And in the end, maybe, there will be a direct communication between our brain and the digital world. What we see is a kind of fusion of the physical, digital and biological world."
May 20, 2016: ID2020 holds Inaugural Summit at the United Nations
"...the inaugural ID2020 Summit brought together over 400 people to discuss how to provide a unique digital identity to everyone on the planet, including the 1.5 billion people living without any form of recognized identification."
"...a public-private partnership is needed to bring together the broad group of stakeholders, provide coordination, and ensure that the best technological innovations are implemented in ways that are appropriate, secure, and sustainable."
November 11, 2016: WEF: Welcome to 2030. I own nothing, have no privacy, and life has never been better
"Welcome to the year 2030. Welcome to my city - or should I say, 'our city'. I don't own anything. I don't own a car. I don't own a house. I don't own any appliances or any clothes."
"Everything you considered a product, has now become a service."
"In our city we don't pay any rent, because someone else is using our free space whenever we do not need it. My living room is used for business meetings when I am not there."
"My biggest concern is all the people who do not live in our city. Those we lost on the way. Those who decided that it became too much, all this technology. Those who felt obsolete and useless when robots and AI took over big parts of our jobs. Those who got upset with the political system and turned against it. They live different kind of lives outside of the city. Some have formed little self-supplying communities. Others just stayed in the empty and abandoned houses in small 19th century villages."
"Once in awhile I get annoyed about the fact that I have no real privacy. No where I can go and not be registered. I know that, somewhere, everything I do, think and dream of is recorded. I just hope that nobody will use it against me."
January 10, 2017: Dr. Fauci: "There is no question that there will be a challenge the coming administration in the arena of infectious diseases ... there will be a surprise outbreak."
February 6, 2017: The WEF publishes a video on social media: 8 predictions for the world in 2030: facebookDOTcom/worldeconomicforum/videos/8-predictions-for-the-world-in-2030/10154159674886479/
"You'll own nothing. And you'll be happy."
"The US won't be the world's leading superpower."
"You'll eat much less meat."
"Polluters will have to pay to emit carbon dioxide."
"Western values will have been tested to the breaking point."
April 1, 2017: The Rockefeller Foundation awards a grant to Identity2020 Systems Inc.
"Toward the costs of establishing an alliance of governments, non-governmental organizations and private sector companies committed to providing digital identity to populations currently lacking any type of formal identification."
June 19, 2017: Accenture, Microsoft team up on blockchain-based digital ID network
"...build a digital ID network using blockchain technology, as part of a United Nations-supported project to provide legal identification to 1.1 billion people worldwide with no official documents."
"The companies unveiled a prototype of the network on Monday at the UN headquarters in New York during the second summit of ID2020, a public-private consortium promoting the UN 2030 Sustainable Development Goal of providing legal identity for everyone on the planet."
June 28, 2017: World Bank Launches First-Ever Pandemic Bonds to Support $500 Million Pandemic Emergency Financing Facility
July 6, 2017: How Canadian researchers reconstituted an extinct poxvirus for $100,000 using mail-order DNA
"Eradicating smallpox, one of the deadliest diseases in history, took humanity decades and cost billions of dollars. Bringing the scourge back would probably take a small scientific team with little specialized knowledge half a year and cost about $100,000."
October 2017: Johns Hopkins Center for Health Security publishes: The SPARS Pandemic: A Futuristic Scenario for Public Health Communicators
"From a government standpoint, the current administration is led by President Randall Archer, who took office in January 2025. Archer served as Vice President under President Jaclyn Bennett (2020-2024), who did not seek a second term due to health concerns." (Page 2)
"Responding to Misinformation or Doubt about an MCM Generated by a Prominent Public Figure: Given the ability of powerful, popular figures to reinforce or to undermine public health messages, what steps might health authorities—at either national or local levels—take to reverse the negative effects of BZee’s unintended linkage of Tuskegee and Corovax..." (Page 28)
"On July 9, 2026, a week before Corovax was released for distribution in the United States, the power grid at the Grand Coulee Dam in eastern Washington State experienced a catastrophic failure. While the event did not destroy any infrastructure or result in any deaths, it did cause widespread power outages in Washington, Oregon, Idaho, Montana, and British Columbia. Though power was restored within a day of the initial outage, blackouts continued plaguing these areas over the next three weeks." (Page 40)
"The group vigorously debated whether it was appropriate for the President to acknowledge the sacrifice that vaccine recipients had made on behalf of their communities or to console them in their grief over that sacrifice." (Page 64)
"Reports of Corovax side effects began to gain traction. Several parents of children who experienced neurological symptoms after receiving the vaccination sued the federal government and CynBio. The lawsuit was dropped when they learned of compensation funds available through the PREP Act and the National Vaccine Injury Compensation Trust Fund." (Page 75)
January 2018: World Economic Forum publishes: The Known Traveller: Unlocking the potential of digital identity for secure and seamless travel (In collaboration with Accenture) (PDF)
"Emerging technologies – from biometrics to distributed ledger to machine learning – offer tremendous potential to transform and enhance the global travel security system." (Page 3)
"Security is increasingly the focus for international travellers and border agencies as a result of growing turmoil and uncertainty due to geopolitical tensions, complex international security policies, the threat of terrorism and the rise of global pandemics." (Page 8)
February 2018 (Webster definition date): Merriam-Webster Defines 79 Percent of Americans as ‘Anti-Vaxxers’
"Peter Sokolowski, editor at large of Merriam-Webster.com, said that the entry for 'anti-vaxxer' was first added to the online dictionary in February 2018 and hasn’t been revised or changed since. It has always defined it as 'a person who opposes vaccination or laws that mandate vaccination'."
March 28, 2018: ID2020: Immunization: an entry point for digital identity
"And because immunization is conducted in infancy, providing children with a digital child health card would give them a unique, portable digital identity early in life. And as children grow, their digital child health card can be used to access secondary services, such as primary school, or ease the process of obtaining alternative credentials. Effectively the child health card becomes the first step in establishing a legal, broadly recognized identity."
May 15, 2018: "Clade X is a day-long pandemic tabletop exercise that simulated a series of National Security Council–convened meetings of 10 US government leaders, played by individuals prominent in the fields of national security or epidemic response."
Clade-X-exercise-presentation PDF: "Clade X Virus Synthesis: Genes for neurologic virulence of Nipah have been inserted into the parainfluenza genome. Virologists with special training and a reasonably outfitted laboratory could make the virus." (Page 27)
July 16, 2018: How Russia Is Disrupting the World Order NYT News
"Cybermeddling. Method: Undermine elections, trigger power outages, leak emails."
September 2018: WEF Insight Report: Identity in a Digital World: A new chapter in the social contract (PDF)
"Our identity is, literally, who we are, and as the digital technologies of the Fourth Industrial Revolution advance, our identity is increasingly digital. This digital identity determines what products, services and information we can access – or, conversely, what is closed off to us." (Page 5)
"Governments are increasingly advancing digital identity systems to support multiple goals: efficient public service delivery, sustained rule of law and robust democratic processes. At the same time, they also have a growing responsibility to ensure that systems and processes do not lead to unconstitutional intrusions into a citizen’s or resident’s privacy, or become a tool for unwarranted surveillance, discrimination and abuse." (Page 10)
"New technologies such as Internet of Things (IoT) that establish and verify identity of produce can enable an end-to-end supply-chain traceability model." (Page 11)
"Digital identity systems need technological innovation, robust regulatory frameworks, widespread public trust and acceptance, a design that appeals to consumers and long-term financial sustainability. This makes them ideal candidates for public-private partnerships, with clearly defined roles and incentives for all involved." (Page 19)
January to August 2019: Crimson Contagion was a joint exercise conducted from January to August 2019, in which numerous national, state and local, private and public organizations in the US participated, in order to test the capacity of the federal government and twelve states to respond to a severe pandemic of influenza originating in China.
March 26, 2019: WHO launches new global influenza strategy
March 26, 2019: UN accuses Blackstone Group of contributing to global housing crisis
"The UN’s housing advisor has accused private equity firms and one of the world’s largest corporate residential landlords, Blackstone Group, of exploiting tenants, 'wreaking havoc' in communities and helping to fuel a global housing crisis."
June 13, 2019: World Economic Forum and UN Sign Strategic Partnership Framework
"The World Economic Forum and the United Nations signed today a Strategic Partnership Framework outlining areas of cooperation to deepen institutional engagement and jointly accelerate the implementation of the 2030 Agenda for Sustainable Development. The framework was drafted based on a mapping of existing collaboration between the two institutions and will enable a more strategic and coordinated approach towards delivering impact."
June 27, 2019: Former FDA Commissioner Scott Gottlieb joins Pfizer's board of directors
July 24, 2019 (funding date): "But just last year, the National Institute for Allergy and Infectious Diseases, the organization led by Dr. Fauci, funded scientists at the Wuhan Institute of Virology and other institutions for work on gain-of-function research on bat coronaviruses.
"A second phase of the project, beginning that year, included additional surveillance work but also gain-of-function research for the purpose of understanding how bat coronaviruses could mutate to attack humans. The project was run by EcoHealth Alliance, a non-profit research group, under the direction of President Peter Daszak, an expert on disease ecology."
August 5, 2019: Deadly Germ Research Is Shut Down at Army Lab Over Safety Concerns
"The statement said the Centers for Disease Control and Prevention decided to issue a 'cease and desist order' last month to halt the research at Fort Detrick because the center did not have 'sufficient systems in place to decontaminate wastewater' from its highest-security labs.
But there has been no threat to public health, no injuries to employees and no leaks of dangerous material outside the laboratory, Ms. Vander Linden said.
In the statement, the C.D.C. cited 'national security reasons' as the rationale for not releasing information about its decision."
"The army institute also employed Bruce E. Ivins, a microbiologist who was a leading suspect — but who was never charged — in the anthrax mailings in 2001 that killed five people. Dr. Ivins died in 2008, apparently by suicide."
August 19, 2019: Blackrock publishes: Dealing with the next downturn: From unconventional monetary policy to unprecedented policy coordination (PDF)
"Going direct means the central bank finding ways to get central bank money directly in the hands of public and private sector spenders. Going direct, which can be organised in a variety of different ways, works by: 1) bypassing the interest rate channel when this traditional central bank toolkit is exhausted, and; 2) enforcing policy coordination so that the fiscal expansion does not lead to an offsetting increase in interest rates.
An extreme form of 'going direct' would be an explicit and permanent monetary financing of a fiscal expansion, or so-called helicopter money." (Page 2)
"...in a downturn the only solution is for a more formal – and historically unusual – coordination of monetary and fiscal policy to provide effective stimulus." (Page 8)
"Any additional measures to stimulate economic growth will have to go beyond the interest rate channel and 'go direct' – when a central bank crediting private or public sector accounts directly with money. One way or another, this will mean subsidising spending – and such a measure would be fiscal rather than monetary by design. This can be done directly through fiscal policy or by expanding the monetary policy toolkit with an instrument that will be fiscal in nature, such as credit easing by way of buying equities. This implies that an effective stimulus would require coordination between monetary and fiscal policy – be it implicitly or explicitly." (Page 8)
August 22, 2019: Symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming: Challenges for Monetary Policy
Fed Chair Jerome Powell: "Banks and other key institutions have significantly more capital and more stable funding than before the (2007–08 financial) crisis."
"To address this new normal, we are conducting a public review of our monetary policy strategy, tools, and communications—the first of its kind for the Federal Reserve. We are evaluating the pros and cons of strategies that aim to reverse past misses of our inflation objective. We are examining the monetary policy tools we have used both in calm times and in crisis, and we are asking whether we should expand our toolkit."
August 26, 2019: U.S. officials fear ransomware attack against 2020 election
September 3, 2019: HHS Purchases Smallpox Vaccine to Enhance Biodefense Preparedness
"As part of ongoing preparedness efforts against biodefense threats, the U.S. Department of Health and Human Services (HHS) will purchase smallpox vaccine, called ACAM2000, to build and replenish vaccine stored in the Strategic National Stockpile (SNS) over the next decade.
Under the agreement announced today, the HHS Office of the Assistant Secretary for Preparedness and Response (ASPR), which oversees the SNS, will award approximately $170 million to Emergent BioSolutions..."
September 4, 2019: The Bill and Melinda Gates Foundation spent $55MM on a pre-ipo equity investment into BioNtech, which later partnered with Pfizer to make its mRNA vaccine.
September 5, 2019: CommonHealth Will Enable Android™ Phone Users to Access and Share their Electronic Health Record Data with Trusted Apps and Partners
"Cornell Tech, UC San Francisco (UCSF), Sage Bionetworks, Open mHealth and The Commons Project are collaborating to develop CommonHealth, an open-source, non-profit public service designed to make it easy and secure for people to collect their electronic health record data and share it with health apps and partners that have demonstrated their trustworthiness."
September 12, 2019 (date of database suspension): Gravitas Exclusive: Why did Wuhan lab take database of '22,000 virus samples' offline?
"The 'Bat Woman' Shi claimed that the database was taken down because of hacking attempts during the pandemic."
"...the database was actually taken down in September 2019."
September 17, 2019: Fed runs repo Tuesday amid worries about keeping its benchmark rate in check
"The Federal Reserve conducted a repurchase operation Tuesday involving $53 billion worth of various debt instruments as it seeks to control the level of its benchmark interest rate. It was the first such move in a decade."
September 17, 2019: Blast sparks fire at Russian laboratory housing smallpox virus
"The smallpox virus survives in two places on Earth: at Vector and at another high-security laboratory at the US Centers for Disease Control and Prevention in Atlanta."
September 18, 2019: The Johns Hopkins Center for Health Security publishes: Preparedness for a High-Impact Respiratory Pathogen Pandemic
"Nucleic acid (RNA and DNA)–based vaccines are widely seen as highly promising and potentially rapid vaccine development pathways, though they have not yet broken through with licensed products." (Page 11)
"During an emergency, it should be expected that implementation of some NPIs (nonpharmaceutical interventions), such as travel restrictions and quarantine, might be pursued for social or political purposes by political leaders, rather than pursued because of public health evidence." (Page 13)
"National governments need to prepare for the deliberate use of a respiratory pathogen." (Page 14)
"Continued research into the science of attribution, as well as the strengthening of surveillance systems, international collaboration, and implementation of treaty agreements, particularly the Biological Weapons Convention (BWC), are all needed for an effective response to the deliberate use of a biological weapon with a high-impact respiratory pathogen." (Page 14)
September 18, 2019: Global Preparedness Monitoring Board: A World At Risk: Annual report on global preparedness for health emergencies
"Countries, donors and multilateral institutions must be prepared for the worst. A rapidly spreading pandemic due to a lethal respiratory pathogen (whether naturally emergent or accidentally or deliberately released) poses additional preparedness requirements. Donors and multilateral institutions must ensure adequate investment in developing innovative vaccines and therapeutics, surge manufacturing capacity, broad-spectrum antivirals and appropriate non-pharmaceutical interventions. All countries must develop a system for immediately sharing genome sequences of any new pathogen for public health purposes along with the means to share limited medical countermeasures across countries.
Progress indicator(s) by September 2020 • Donors and countries commit and identify timelines for: financing and development of a universal influenza vaccine, broad spectrum antivirals, and targeted therapeutics. WHO and its Member States develop options for standard procedures and timelines for sharing of sequence data, specimens, and medical countermeasures for pathogens other than influenza." (Page 8)
September 18, 2019: Wuhan Customs Holds 30 Days Countdown to Military Games and Emergency Response Drill at Ports (English translation)
Original source: https://web.archive.org/web/20200129163943/http://k.sina.com.cn/article_2000016880_7735d5f002000krlq.html
September 19, 2019: Executive Order 13887: Modernizing Influenza Vaccines in the United States to Promote National Security and Public Health
September 19, 2019: ID2020 Alliance launches digital ID program with Government of Bangladesh and Gavi, announces new partners at annual summit
"Recognizing the opportunity for immunization to serve as a platform for digital identity, this program leverages existing vaccination and birth registration operations to offer newborns a persistent and portable biometrically-linked digital identity."
September 20, 2019: The World Knows an Apocalyptic Pandemic Is Coming
September 24, 2019: FDA approves first live, non-replicating vaccine (Jynneos) to prevent smallpox and monkeypox
October 8, 2019: AB 1482 "The California Tenant Protection Act of 2019"
"Statewide law that goes into effect on January 1, 2020 and expires on January 1, 2030."
October 18, 2019: Military World Games opens in Wuhan, ushering in new era
"This edition marks the first time that the Games have been staged outside the military barracks and the first time all the events are held in one city."
October 18, 2019: Event 201 simulated the effects of a fictional coronavirus originating in bats but passing to humans via pigs.
"The Johns Hopkins Center for Health Security in partnership with the World Economic Forum and the Bill and Melinda Gates Foundation hosted Event 201, a high-level pandemic exercise ... The exercise illustrated areas where public/private partnerships will be necessary during the response to a severe pandemic in order to diminish large-scale economic and societal consequences."
"Governments and the private sector should assign a greater priority to developing methods to combat mis- and disinformation prior to the next pandemic response."
October 25, 2019: Joe Biden: We are not prepared for a pandemic. Trump has rolled back progress President Obama and I made to strengthen global health security. We need leadership that builds public trust, focuses on real threats, and mobilizes the world to stop outbreaks before they reach our shores.
November 17, 2019 (case date): Coronavirus: China’s first confirmed Covid-19 case traced back to November 17
December 12, 2019: Alleged leaked document: Confidential Disclosure Agreement between NIAID, Moderna Therapeutics, Inc. and its affiliates
"mRNA coronavirus vaccine candidates developed and jointly owned by NIAID and Moderna" (Page 105) (Signed by Ralph Baric on Page 107)
December 19, 2019: Bill Gates: "What's next for our foundation? I'm particularly excited about what the next year could mean for one of the best buys in global health: vaccines."
December 27, 2019 (case date): Coronavirus: France's first known case 'was in December'
December 29, 2019: Central Bank Gold Hoarding Hits 50-Year High
"...at least 37 developed central banks have participated in significant monetary easing practices like large scale overnight repos and slashing interest rates."
January 7, 2020: Prediction For 2030: A Government Take Over Of Rental Housing
January 8, 2020: 2019 had the most CEO departures on record with more than 1,600
"A 'staggering' 1,640 CEOs left their posts in 2019, the highest year on record since Challenger, Gray, & Christmas began tracking in 2002."
January 11, 2020: Chinese researchers reveal draft genome of virus implicated in Wuhan pneumonia outbreak
"Ralph Baric, a coronavirus researcher at the University of North Carolina, Chapel Hill, notes that of the four known SARS-related bat viruses capable of infecting humans, this one is the most distant from SARS itself. After downloading the sequence last night, his lab immediately began to try to reverse-engineer a live virus from the sequence, which can be helpful to develop antibody tests and to start experiments in animal models. 'If you want to have a strong public health response, you have to do this quickly,' says Baric, who leads one of the few labs in the world that can re-create coronaviruses just from their sequences. (Bureaucratic hurdles would make it difficult for China to ship the actual virus quickly to other countries, he says.)"
2021.08.06 23:49 RobertLahblaw Here's the Tech Newsletter Info I Promised.
Afternoon Everyone. A few weeks ago (I guess months at this point) I asked if there was any interest in me sharing a weekly newsletter I get that discusses Communications Infrastructure, data centers, towers, and Internet fibeinfrastructure companies. At least one person thought it was a good idea so here we are. I mentioned in the previous post that these companies should more or less be treated as consistent growth companies and not Yolo opportunities.
All that said, everything below is part of a weekly news letter prepared and distributed by an analyst at CS. I work with/for some of the clients listed, but none of the work or analysis below is mine or my opinion. Also, this kinda looks like it's going to be a giant wall of text so comments/criticisms of how to make if better (if anyone is still interested) are appreciated.
submitted by RobertLahblaw to TheGoldenCalf [link] [comments]
All that said, everything below is part of a weekly news letter prepared and distributed by an analyst at CS. I work with/for some of the clients listed, but none of the work or analysis below is mine or my opinion. Also, this kinda looks like it's going to be a giant wall of text so comments/criticisms of how to make if better (if anyone is still interested) are appreciated.
- Data Centers & Cloud Infrastructure: Data Centers & Cloud Infrastructure: The data center group traded higher this week (+3.8% average). SWCH led the way, rising 16.3%, while CONE rebounded 5.8%. SWCH’s large move is primarily due to mgmt announcing that they are evaluating the pros/cons of converting to a REIT. We do think there is a solid possibility that mgmt will elect to become a REIT, especially given the stock’s reaction to the news. Additionally, given that an Elliott rep is now on the BoD’s REIT committee, we expect them to push for a REIT conversion at some point. SWCH also reported strong 2Q results and raised its guidance notably, even when excluding Data Foundry. CCOI reported healthy results this week, with rev and EBITDA beating estimates. Corporate revenues saw an improvement vs the prior two quarters, and is following a similar trajectory to the commentary laid out by mgmt in CCOI’s 1Q call. NetCentric revenue growth was strong (+4.8% q/q), buoying the recovering Corporate business. In data centers, we remain Outperform rated on DLR, EQIX, COR, and SWCH.
- Telecom & Networking Equipment: The Telecom & Networking coverage group traded lower this week (-1.7% average). COMM traded down (-21.1%), but MSI’s stock rose +2.4%. MSI beat & raised in 2Q, with Higher Video Security and Access Control growth expected in 2021, now forecasted at +30% for the year versus prior guidance of +20%. PSI growth now revised to mid-to-high single digit growth for the year versus MSD prior, reflecting the strength in LMR and video equipment. MSI remains a top pick for its multi-year tailwinds which we believe are not priced into current consensus numbers including the Americas Rescue Plan, Next Generation 911 upgrades, NDAA policy, and T-Band spectrum bands. COMM’s results were mostly in line with estimates, but the call revolved around supply constraints on equipment components, which cost the company lost revenue opportunity and hindered the company’s ability to grow cash flow ahead of 2020 levels. That said, we believe these dynamics are transitory, viewing the current share price as an attractive entry point at current levels given the company remains positioned well for 5G deployment densification efforts, network extensions with cable companies, and RDOF. ANET reported results ahead of estimates, with 3Q21 guidance well ahead of expectations, aligning with our Mid-year Outlook as we are seeing major equipment shipments to opening data centers. ANET has visibility on customer orders and continues to ship product to customers that have built their core networks on ANET gear, making it more immune to “double ordering” fears. ANET is clearly executing well with enterprise customers in both DC and campus switching as customers look for a solution that is easy to deploy. We remain Outperform rated on MSI (CS top pick), ANET, COMM, and FFIV.
- Towers: The TowerCo group traded higher this week (+0.8% average) with SBAC and RADI rising 1.8% and 0.9%, respectively. SBAC reported results ahead of estimates on strong domestic tower activity. Gross activity should strengthen in 2H21 and into 2022, but we note SBAC is likely to see $30-35M of Sprint-related churn in 2022, so net levels of activity may ultimately be similar to 2021. We remain Outperform rated on AMT and RADI.
ANET: “Double Order” Fears Overblown
- Strong 2Q21 Results, Model Adjustments, & Our Key Takeaways: ANET reported rev. / EPS of $707.3M (+30.8% y/y) / $2.72 (+29.1% y/y), above our estimates of $684.7M (+26.7% y/y) / $2.52 (+19.9% y/y). Results were solid across all metrics including gross margins and operating margins of 65.2%/38.4%. Product revs were the standout a $566.5M (+34.8% y/y) and services revenue growth accelerated sequentially to $140.9M (+18.2% y/y). Cloud Titans and Enterprise customers led the drive for ANET. Our key takeaways include: (1) Guidance for 3Q21 was well ahead of expectations representing +21.5% growth y/y (mid-point) in 3Q21 aligning with our Mid-year Outlook as we are seeing major equipment shipments to opening data centers. These dynamics were a paramount to our January 2021 ANET upgrade. In addition, the 3Q21 guidance reflects this significant influx of capacity as well. We continue to see strong data center dynamics across our data center supply chain checks, so expect the ANET momentum to continue despite supply chain overhangs; (2) Customer order visibility reiterated. Mgmt. noted they continue to have visibility on customer orders and continue to ship product to customers that have built their core networks on ANET gear, making ANET more immune to “double ordering” fears in our view. And, (3) based on results and call commentary, ANET is clearly executing well with enterprise customers in both data center and campus switching as customers look for a solution that is easier to deploy than competing solutions, a dynamic driven by ANET EOS. After incorporating 3Q21 guidance (including supply chain constraints), we now model FY21/22 revenue growth of +24.4% y/y/+12.2% y/y and EPS of $10.79/$ 11.97 (from $10.31/$11.56).
- Thesis: Our O/P hinges on three key dynamics: (1) data center capacity influx is expected to be significant in 2021/2022, (2) strong campus switching and WLAN product revenue ramp, and (3) the white box threat is dissolving as ANET’s execution/innovation improves.
- Valuation―Reiterate O/P Rating and Increase our TP to $410 (from $362): Our $410 target price is based on the average of a sales multiple and DCF valuation. We value ANET based on 9x (increased by 1x on stronger sequential strength into 2H21) our FY22 Sales estimate of $3,234M (increased by ~$140M), computing a $406 valuation, and a DCF computing $414 (WACC 7.2%, TVGR 3.2%). Potential downside risks to our rating and target price include decreased long-term campus demand, delayed product refresh cycle timing for 400G, and weakening cloud capex trends.
SBAC: Strong Activity from VZ & DISH
- 2Q21 Results and Model Adjustments: SBAC reported better than expected results with rev./adj. EBITDA /AFFOS of $576M (+13.5% y/y)/$400M (+8.5% y/y)/$2.64 (+15.3% y/y), vs. CS estimates of $557M/ $394M/ $2.59. SBAC raised its 2021 rev./ adj. EBITDA/ AFFOS guidance to midpoints of $2,280M/$1,596M/$10.52, above our prior estimates due to elevated tower activity and FX tailwinds. Following updates, we adjust our 2021 rev./AFFOS estimates to $2,293M/$10.63 (old: $2,246M/$10.40). We reiterate our Neutral rating and raise our target price to $325 from $312.
- Guidance Raised on Strong Domestic Tower Outlook: SBAC improved its outlook for the year +$40M/ +$13M/ +$0.16 for revenues/ adj. EBITDA/ AFFOS at the midpoints, of which +$10M/ +$7M/ +$0.06 are attributable to FX. As expected, domestic tower activity was robust given the deployment of C-band spectrum, albeit even higher than we forecasted, with SBAC booking the highest level of contracted revenue since 2014. Mgmt specifically noted VZ as a key driver of the boosted 2021 outlook, with the operator seeing a step function in activity. DISH was also a key driver of 2Q results, evidenced by SBAC’s domestic amendment mix of 34%, which implies that much more activity was taking place on new sites, and note that all of DISH’s activity is on new sites. Mgmt expects gross tower activity to strengthen in 2H21, especially in 4Q. We believe gross activity should continue to see momentum throughout 2022, with T raising its level of activity once its C-band blocks clear. That said, SBAC is likely to see $30-35M of Sprint-related churn in 2022, so net levels of activity may ultimately be similar to 2021.
- Tanzania JV Highlights a Resourceful Mgmt Team: SBAC entered into a JV for $175M in 2Q with Airtel Tanzania to purchase ~1,400 towers, which will be leased back to Airtel. We are positive on the deal which shares the costs with Paradigm Infrastructure (given SBAC’s high degree of leverage) thus allowing the company to stay within its targeted range and search for more M&A opportunities going forward.
- Thesis: We are Neutral on SBAC given it trades at a premium valuation relative to its peers.
- Valuation: We value SBAC based on the average of two methods arriving to a $325 target price: (1) P/AFFOS multiple of 29.0x our 2022E AFFOS of $11.43; and (2) DCF valuation assuming a WACC of 5.7% and terminal growth rate of 2.6%. Risks include reduced telecom carrier spending, macro tower obsolescence, and customer concentration.
MSI: Another Beat & Raise; Multi-year Tailwinds Remain Intact; Remains Top Pick
- 2Q21 Results and Model Adjustments: MSI reported a strong quarter posting revenues/EPS (non-GAAP) of $1.97B (+21.8% y/y)/ $2.07 beating our estimates of $1.93B (+19.1% y/y)/$1.90. 3Q21 guidance was a clear beat over CS/Street expectations. The software and services (SS) segment grew +18.9% y/y while PSI sales contributed grew +23.8% y/y. Key takeaways from the results include: (1) Higher Video Security and Access Control growth expected in 2021, now forecasted at +30% for the year versus prior guidance of +20%, a clear high growth area for MSI, seeing traction across the board and with U.S. Federal. (2) PSI growth now revised to mid-to-high single digit growth for the year versus MSD prior, reflecting the strength in LMR and video equipment (including robust body-worn camera shipments). We also note that our recent state/municipal checks suggested strengthening funding/spending dynamics at the local government level, explaining the guidance lift in the PSI segment (see 2Q21 Preview). (3) Operating margins expanded by 230bps y/y and 130bps q/q, as MSI continues to see strength across both major segments (PSI, SS). (4) Command Center software guidance was unchanged for the year at +20% with 2H21 growth strengthening versus 1H21. And on the back of all the aforementioned factors, (5) mgmt. raised the full year guide to 9.5%-10.0% top line growth y/y (vs. 8.0%-9.0%) and $8.88-8.98 in EPS (vs. $8.70-$8.80). Following the strong 3Q21 and updated full year guidance, we now forecast $8.16B/ $8.64B (from $8.06B/ $8.51B), now projecting growth of +10%/+6% in FY21/FY22. For FY21/22 EPS, we forecast $8.97/$10.01 (from $8.76/$10.01). We reiterate our O/P rating and raise our target price to $307 (from $301).
- MSI Remains CS Top Pick ― For Good Reason: MSI remains a top pick for its (1) multi-year tailwinds which we believe are not priced into current consensus numbers including the Americas Rescue Plan, Next Generation 911 upgrades, NDAA policy, T-Band spectrum bands, Hytera litigation implications. Additionally, based on MSI’s strong and well integrated portfolio, we believe MSI should be valued and seen more as a formidable platform company for major first responder and government customers. See our detailed top pick note: MSI – Aligning Valuation with Value Proposition.
- Valuation: Our TP of $307 is based on a P/E multiple of ~28x FY22 EPS, in-line with MSI’s newly reconstructed comp group and a DCF valuation factoring in a terminal growth rate of 1.55% and WACC of 5.5% (capturing LT value). Risks to our OP on MSI include disruptive technology, municipal budget spending, pandemics, and macroeconomic risks.
SWCH: Potential REIT Conversion, Elliott Stake in Focus
- 2Q21 Results: SWCH reported rev./ adj. EBITDA of $141.7M (+11.6% y/y)/ $79.0M (+14.3% y/y), compared to CS estimates of $135.0M (+6.3% y/y)/ $73.1M (+5.7% y/y), respectively. Colocation led revenue by growing 11.4% y/y, outpacing Connectivity growth of +9.2% y/y. EBITDA margins improved to 55.7%, from 54.5% in 2Q20, but should fall in 2H21 as Data Foundry (DF) is integrated. SWCH raised its 2021 rev./EBITDA guidance to $598.5M/ $310.5M (at the midpoints) to incorporate DF acquisition.
- Data Foundry, Faster Customer Deployments Drive our Forecasts Higher: We forecast revenue of $600.1M for 2021 (prior: $550.1M), which is attributable to both DF’s inclusion in our model (added $28.5M to rev guide) and a broadly better demand environment (added $21.0M to rev guide), including more rapid deployments and better MRC per cabinet on an organic basis. SWCH’s backlog reached another record of $63.5M in 2Q, providing it robust visibility while the company works to match demand with developments (88% of cabinets in service are committed). Meanwhile, the EBITDA guide rose $25M ($13.5M from core ops, $11.5M from DF), and we note that its margin profile will decline significantly in 3Q, as DF’s standalone EBITDA margin is in the low 40% range. Overall, we believe that the results and guidance highlight a strong value proposition that should see continued momentum in a world of growing density requirements.
- REIT Conversion in Consideration, Elliott Stake: SWCH is now evaluating the pros/cons of converting to a REIT. Simultaneously, activist – Elliott Management is now SWCH’s largest public investor. However, the BoD was actually the party that instigated the ongoing REIT conversion analysis. We remain interested in the results of mgmt’s analysis, and despite the fact that SWCH should not be a taxpayer in the near future, we do think there is a solid possibility that mgmt will elect to become a REIT, given the stock’s discount to peers. Additionally, given that an Elliott rep is now on the BoD’s REIT committee, we expect them to push for a REIT conversion at some point.
- Valuation – Increasing Target Price to $24 (from $20): $24 TP based on a P/AFFOS multiple of 20.0x our 2022 est. of $1.22. Given the potential REIT conversion, we shift valuation frameworks from a DCF to an AFFOS multiple, but we use a discounted multiple to the peer group given the company is not yet a REIT. Key risks include failure to convert to a REIT, dependency on future build plans, and intellectual property protection ability.
CCOI: Corporate Rebound Still on Track
- 2Q21 Results and Model Adjustments: CCOI reported rev./ adj. EBITDA / EPS of $147.9M (+4.9% y/y)/ $57.2M (+6.8% y/y)/ -$0.05 (N/M; miss due to FX and debt extinguishment), compared to CS estimates of $147.3M / $57.2M / $0.16, respectively. Sales improved and were slightly better than our expectations due to continued strength from On-Net customers and NetCentric Business. Salesforce productivity modestly improved in 2Q21 (4.5 units per FTE) vs. 1Q21’s 4.3. Despite COVID-19 pressures, corporate churn remained below 2020 levels and bad debt expense improved. We make minor model adjustments to account for 2Q21 results and updated 2021 color. Our gross and adjusted EBITDA margins for FY21 move just slightly lower, and our y/y revenue growth forecast ticks up vs prior estimate (+4.9% vs +4.7%). We maintain our Outperform rating and TP of $93, valuing CCOI on dividend yield basis.
- Positive Corporate Trends: Corporate revenues declined 1.6% q/q, an improvement versus the prior two quarters, and is following a similar trajectory to the commentary laid out by mgmt in CCOI’s 1Q call, which touted a segment that is beginning to turn around. Even when excluding a favorable USF-rate (+$0.3M q/q impact), Corporate revenues declined by $1.8M, better than 1Q21/4Q20’s -$2.1M/-$2.4M, respectively. Looking ahead, mgmt noted that its Corporate customers have been seeing an increase in activity as they plan to eventually return to office, with a sizeable portion planning to do so after Labor Day. Mgmt also noted a minor bifurcation in customers return to office plans amongst geographies and industries, with tech companies (SF, LA) looking at a more hybrid model, and financial services (NY, BOS) indicating a full return to office. Given current sentiment, we view that offices will generally continue to re-open, and CCOI’s Corporate business will continue to improve throughout 2021, returning to sequential growth in 1H22.
- NetCentric Robust Again: NetCentric revenue growth was strong (+4.8% q/q; +4.5% cc basis), but decelerated from a massive +9.2% sequential improvement in 1Q. Traffic growth slowed, but we noted this was expected given seasonally slower traffic growth as the weather warms, combined with pent up demand for travel, etc. Importantly, we believe that the pandemic has accelerated positive habits for online entertainment (OTT apps specifically), which should lead to improved growth longer term.
- Valuation – Outperform, Target Price Unchanged at $93: We value CCOI on a div. yield basis, using a 2021 yield of 4.5%, and forecast +14.2% y/y dividend per share growth in FY21 (CCOI has raised its dividend in 36 consecutive quarters). Key risks include technological disruption, FX headwinds, market competition, and net neutrality laws.
COMM: Pullback an Attractive Entry Point; 5G and RDOF Remain Significant Drivers
- 2Q21 Results and Model Adjustments: 2Q21 results were in-line with revenues and slightly below consensus expectations on adj. EBITDA. Key focus areas of the results revolved around supply constraints on equipment components, which cost the company lost revenue opportunity and hindered the company’s ability to grow cash flow ahead of 2020 levels. This in turn prevents the company from executing its deleveraging roadmap which has been an overhang on COMM’s valuation for the past two years. Shares sharply pulled back on this news and we believe these dynamics are transitory (from 2H21-1H22), viewing the current share price as an attractive entry point at current levels given the company remains positioned well for 5G deployment densification efforts by telcos, network extensions with cable companies, data center build outs with clouds/multi-tenant data centers, and RDOF. Following 2Q21 results, we adjust our model to account for 2021 dynamics, including broadband strength, continued pressure on component supply (impacting Home Networks most) and lower cash flow generation. We adjust our EPS forecasts to $1.78/$2.42 (from $1.99/$2.38) for FY21/22 EPS, adjusting down 2021 EPS despite strong backlog formation but increase 2022 to account for backlog conversion to revenue. Our updated operating margins for 2021/2022 are 12.9%13.9% (from 14.0%/14.5%), respectively, reflecting guidance around supply chain impacts due to COVID-19. We reiterate our O/P rating and decrease our target price to $23 from $24.
- Broadband Business to Benefit from Government Funding Strength: On the call mgmt. emphasized that they are benefiting from multi-year government programs to bridge the digital divide. They expect to benefit significantly from RDOF spend in 2H21, a tailwind which will materialize mainly though the broadband segment. We believe this opportunity remains durable for COMM, and forecast revenue growth of +13.6%/7.5% y/y for 2021/2022, outpacing corporate growth of +2.3%/+7.3%, respectively.
- Thesis: Given COMM’s product indexation to strong end market trends, including 5G, RDOF, digital infrastructure growth, and cable network densification, we continue to identify COMM as a key thematic beneficiary to these themes and at an attractive valuation.
- Valuation―Reiterate O/P and Decrease TP to $23: We value COMM based on ~10x P/FY2 EPS multiple on our $2.42 FY22 estimate. Risks to our valuation include high leverage, tech. disruption, telecom pricing effects and synergies not materializing.
Weekly News
- Huawei and COMM are Leaders in Base Stations: On Tuesday, August 3rd, 2021, ABI Research published Base Station Antenna market rankings, and the top four firms remain unchanged for 2020 with Huawei in the lead, followed by CommScope (see Huawei and CommScope are the Market Leaders in ABI Research's Cellular Base Station Antenna Competitive Ranking).
- CONE to Build 21MW Data Center in Madrid: On Tuesday, August 3rd, 2021, CapacityMedia reported that CyrusOne is expanding its European footprint beyond the FLAP-D markets through building a new 21MW Madrid facility. The company has acquired a five-acre site to build the data center to serve the emerging hyperscale market in Madrid. (see CONE to Build 21MW Data Center in Madrid).
- Mantra Data Centers Lays Out $1bn to Build Indian Data Centers: On Tuesday, August 3rd, 2021, Mantra Data Centers announced significant investment plans across India. It will design, build and operate state-of-the-art data center facilities with an initial IT load of 20MW in each of the key data hubs: Mumbai, NCR (Delhi), Chennai, Bangalore, Hyderabad and Kolkata (see Mantra Data Centers to Invest $1 Billion to Develop Data Centers in India).
- Rakuten Group to Acquire Mobile Industry Innovator Altiostar: On Wednesday, August 4th, 2021, Rakuten announced the acquisition of U.S.-based mobile technology company, Altiostar Networks, Inc., at a total valuation of Altiostar at $1B+. Rakuten and Altiostar will partner to accelerate deployment of software-centric, virtualized services for the mobile industry across the globe (see Rakuten Group to Acquire Mobile Industry Innovator Altiostar).
- Melody Investment Advisors Makes an Offer for Landmark Infrastructure Partners: On Tuesday, August 3rd, 2021, Melody announced that it has submitted a proposal to purchase 100% of the assets currently owned by Landmark Infrastructure. Melody's proposal represents a 25% premium to the offer proposed by Digital Bridge and a 20% premium to the offer made by Verde Investments (see Melody Investment Advisors Announces Proposal to Purchase All of Landmark Infrastructure Partners' Assets for $16.25 Per Common Unit in Cash).
2021.07.21 03:04 poncecatchemall poncecatchemall's Guide to Best Rep Batches to Buy
Please refer to My 2022 Updated Batch Guide for up-to-date recommendations
A guide highlighting all of my own personal research that has helped me build this collection.New to agents? Sign up for WeGoBuy here and get $40 off towards your first rep purchases
See my Agents, TaoBao, and Weidian Guide Here
Before diving into the guide, I wanted to touch on a common misconception among new rep purchasers and veterans alike. What matters is batch, NOT seller, unless the seller is truly making their own batch. The only time I have personally encountered this is with UABat's exclusive pairs. Please do not fall for Muks' Tier 1 Batch which is just LJR relabeled (original post discovering this now over a year ago) in order to seem like they have an exclusive product. You can see another well-respected QCer's thoughts on this here. This is only to say that anyone commenting “I got Mr. Hou batch” or “Monica batch” likely don’t know what they’re talking about, as neither seller has their own batch. Our main goal is to figure out what batch we are looking atBasic, Commonly Used Rep Terms
QC: Quality Control/Quality Check. Buyers post their QC pictures from the sellers and ask others to check the pictures for errors that would justify asking the seller to send for a different pair.LC: Legit Check.
GL: Green Light. Pair does not have any glaring flaws and is good to go.
RL: Red Light. Pair does have a flaw and should be exchanged for a replacement pair.
W2C/WTC: Where to Cop. This is what someone comments when they are asking for the link to buy a certain product. I often use W2C when linking products that I review so that readers can easily find the products.
GP: Guinea Pig. People use the term GP when they are the first person trying out a new product that has not yet been QC'd or reviewed on any of the replica groups.
Batch: Different factories each make a shoe a certain way - certain materials, certain details (swooshes, wings logos, toe boxes, overall shoe shape, etc). Certain batches are higher quality or more accurate to retail than others.
Batch Flaw: A flaw that is present on every shoe of a certain batch. For example, LJR batch TS1 highs all have a discolored midsole compared to retail. This flaw is present on every pair of LJR TS1's, and will be until the factory updates their batch materials to correct the midsole color. It is important to know batch flaws to know what flaws are worth RL'ing over to get a better pair, and what flaws won't ever improve by RL'ing.
Agent: Covered in my Agents, TaoBao, and Weidian Guide Here
Middleman: Person/Company that will source pairs and ship to you directly without the hassle of using an agent. Make sure to note, middlemen don't make their own pairs. Different middlemen usually source from the same factories, so they carry the same batches ie same products.
"How do I get started?"
Your buying process should go as follows:Step 1: Decide what shoe you'd like to buy
Step 2: Search for QCs for the shoe you want, look them over, and read QCs. Prioritize QCs from people commenting that seem to know what they're talking about. These are typically in-depth QCs and not "fire emoji" or "GL" without an explanation - those are not at all helpful.
You can do so on repsneakers or fashionreps. Disclaimer, people are typically more knowledgeable on repsneakers, whereas fashionreps prioritizes low price over high quality. Just be aware of the comments you're reading on the respective subs, how much knowledge the commenter has, whether or not the account has -100 karma, etc.
Step 3: Pick a batch! Decide what batch you think is best or best fits your needs.
Step 4: See who provides said batch for the best price. This can vary by pair. For some shoes, that may be Monica. Other pairs it may be UABat. Others might be PK, and some may be Coco. Other shoes, you might say hey, these are beaters, I can get them from Taobao or Weidian (after doing research for good pairs of course). It all depends
Step 5: Place your order from wherever you choose, and wait for your shoes to come in.
This buying process prioritizes learning about batches in order to make informed decisions about what product you're purchasing rather than blindly telling you to purchase from x person or y person. Follow the best batches, not a singular source. This methodology has helped me acquire this collection of 90% top batches, 10% beaters.
"In your opinion, what's the best batch?"
Below is my batch guide divided by shoe model. These are my opinions. I support them as best as I can with evidence and details. Ideally this can help new buyers learn how to research and purchase reps on their own. The batches and shoes included below are all shoes I personally have researched prior to purchasing to ensure I make wise decisions with my money and get the best product available. Therefore, shoes that do not interest me such as Dior 1s, Trophy Room 1s, Black Cat 4s, or most designer shoes, will not be listed below. I'm sure someone else has covered them on the repsneakers subreddit. If not, be the change you'd like to see in the world and compile the knowledge for others.Jordans:
Retro Air Jordan 1 Highs:- Top Batch (AGENT REQUIRED): SK Exclusive Batch: think LJR as described below, but slightly improved. When colors are off on LJR, they're more accurate to retail on SK (applicable for the red on Chicagos, starfish on Shattered Backboards, light blue on Obsidians). Swoosh shapes are more accurate on certain models as well, matching the Jordan 1 mold used for the shoe the year of release. Overall shoe shape is also improved. If you are willing to invest time into learning to use an agent to order, these are well worth it. You'll need to click on the Weidian link below, find the shoe you'd like, paste that link into your agent of choice (I personally use WeGoBuy), and click order.
The downsides include essentially having to make a haul with other items to spread out m the shipping cost and make it worth it, and SK typically does not take returns, though as of October 2021, will now accept returns and exchanges on SK Exclusive batches. This is good, as QC between pairs from SK isn’t always the most consistent. Keep all of these things in mind when deciding between SK Exclusive and LJR.
W2C: SK Weidian Store
- Top Batch (MIDDLEMEN or AGENT): LJR Batch: Regarded as the best option for AJ1s available from middlemen due to accurate swoosh shape and placement, wings logo size and placement, hourglass shape, toe box, and quality of materials. If you are asking what the best batch from a middleman is for a retro, non-collab Air Jordan 1, LJR is likely the answer. This includes Chicagos, Shadows, Royals, Royal Toes, Smoke Greys, etc. The list goes on and on. Here are links to QC pictures for my own Obsidians, Bred Toes, Smoke Greys, Chicagos, and GS Hyper Royals.
Other Popular Batches:
- QY Batch (mid-tier batch, under LJR, but above DT Batch)
- DT Batch (mid-tier batch, under LJR, but above budget):
A new offering from SK and some other Weidian sellers. Do not confuse these with the SK Exclusive batch - these are much lower quality. From others' experiences, these are mid-tier reps, mostly due to comfort and quality of materials. The toe box perforations on some pairs were partially punched out. Details-wise, the swooshes, wings logos, and toe box height are all better than typical budget batches, but not as good as top-tier batches like LJR or SK. I personally would not recommend DT Batch unless you are absolutely strapped for cash, but I myself hate spending money on something that isn't the best option available.
- Top Batch: LJR Batch: As above, LJR nails the details on AJ1s. For the Fragments, a few notable details are different from the typical AJ1. The second row of perforated holes on the toe box should be placed in a straight line. This is also the case on the Chicago 1s. All other Jordan 1s have these perforation holes placed more jaggedly. LJR Batch gets the correct perforation pattern. A batch flaw on LJR Fragments though is that the embossing of the lightning bolt on the heels is weaker than on retails. Can see all this here in the QC here and here. IMO, I prioritize the toe box perforation placement over the depth of the lightning embossing and still believe this is the best batch out. Embossing could be shallow from wear and tear, there's no fixing those toe box perforations. Compare LJR with this older batch here from Will with the incorrect toe box perforation pattern.
For my ranking of Union 1 batches, see my Union Los Angeles Jordan 1 Batch Guide
Top Batches: LJR, OG Batch
For all 3 colorways of the Off-White Jordan 1s, you can't go wrong with either LJR Batch or OG Batch. Both batches are great and have their own pros and cons. LJR Batch has better ghost stitching, outer swoosh length, heel cups, and toe box shape than OG Batch, though on some pairs can struggle with AIR placement on the outer heel. Another flaw is LJR's medial text is a bit thicker, darker, and more distressed than retail. LJR's midsole is also slightly darker than on retail. LJR batch does have marks that show up under UV light that more resemble retail pairs. More recent OG batches may also have these marks, but I'll need to double check that.
OG Batch's medial text and midsole color are closer to retail than LJR. Batch flaws on OG Batch are the weak ghost stitching out of the box, heel cups that don't match up with retail, and the tongue being slightly longer than retail.
Zip Ties are off in color on both batches, though a bit closer to retail on LJR batch.
Overall, from what I've seen, LJR has more variation between pairs, whereas OG Batch is more consistent and can be greatly improved with the ghost stitching fix below. The way I think of it is like this: The best LJR pair is better than the best OG Batch pair - however, I do think you have a higher chance of having to RL an LJR pair than an OG Batch pair due to the high amount of variation. Up to you to decide how you proceed. Want to get your pair ASAP and know you're getting a very solid, above-average pair? Probably go OG Batch. Have the time to invest into getting the best pair possible, even if that means having to go through a few RLs? Go LJR.
Disclaimer: Some middlemen give people OG Batch when the buyer specifically asked for LJR Batch (have mostly seen this happen with Coco, but also with others). Be wary and always double check you're getting what you asked for! Easiest tell to distinguish between the two batches is the ghost stitching.
Loscoguy's Post on How to Fix Your Ghost Stitching on OG Batch
Loscoguy's Review of UNC LJR vs OG Batch
Loscoguy's Comparison of NRG Retail vs OG Batch
As of 12/24/21, please see my post dedicated to best TS1 batches here for most up-to-date guidance.
- Top Batch: UABat 2.0 (W2C: OOS)
My QC Pictures for Updated UABat Batch and QC comment
Updated UABat Batch In-Hand
Bat's updated batch offers the best all-around batch for TS1 highs. It takes the pros of Old UABat Batch and fixes the flaws that were present - midsole color closer to retail, smaller black area under the wings logo, bar code size tag instead of QR code size tag. It takes the best of the batches in the Runner Up category and puts them all together here without their respective drawbacks. At only $10 more compared to Updated LJR, I think the improvement in quality of materials is worth it. Anyone that has owned both a UABat rep and an LJR rep for the same shoe can attest to the quality differences.
It is absolutely unfortunate that UABat 3.0 is a strict downgrade from UABat 2.0
Note: some may prefer the gray-tinged suede color on LJR 2.0/Updated LJR 7/31/21-10/15/21, and that is fine. However, that's all it is: a preference. Retails vary substantially in terms of suede color, and both batches offer colors that are within retail-range. u/SneakerGlide’s post of Updated LJR side-by-side with Retail showcases the variation in retail suede color once again and shows that Updated LJR does not match every retail pair perfectly.
Album of Retail Pairs Showcasing Suede Color Spectrum
- Top Batch in Stock: GD 7.0 (W2C: Coco)
- Runner Up: UABat 3.0 (W2C: UABat.xyz)
- Runner Up/Second-Tier: Old UABat Batch / SK1 / Updated LJR 7/31/21-10/15/21:
Can read my full in-hand review on Old UABat Batch and SK1, but in short, these two batches were the only batches to offer the best suede quality I’ve seen on TS1 reps and accurate details (reverse swoosh placement, 3M placement, wings logo, and heel embossing) prior to the release of Updated LJR on 7/31/2021.
My QC pictures for my UABat 1st Batch as well as my QC comment.
Rynbro's post showing UABat's 1st Batch next to retail
For Updated LJR 7/31/21-10/15/21, it is a big improvement over old LJR described in the Third-Tier category. Notable improvements are improved suede movement, improved overall shoe shape, and a barcode size tag instead of the QR code size tag, which is rare on retail pairs. They do however continue to have the batch flaw of yellow midsoles that we commonly see on LJR pairs. I was tagged to give my thoughts on the repsneakers post announcing that LJR had updated its batch, and my original comment can be seen here.
We now however have more in-hand posts and comparisons to work with.
SneakerGlide’s Updated LJR 7/31/21-10/15/21 vs Retail
Rynbro's Updated LJR 7/31/21-10/15/21 vs Retail
UABat Batch #1 vs Updated LJR 7/31/21-10/15/21 Side-by-Side
Updated LJR 7/31/21-10/15/21 vs OG Batch Side-by-Side
As expected, where Updated LJR 7/31/21-10/15/21 falls short in comparison with other top-tier batches is the quality of materials. For this reason, I do not believe this is the best batch out at the moment, and have put it in the Runner Up category. Each pair in this category offers its own pros and cons. Two of the three options are sold out, but for sake of explaining my reasoning, we can go through it.
Updated LJR 7/31/21-10/15/11 has the unique gray-tinged suede seen on some retail pairs with great suede movement and overall shoe shape, though as above, falters in quality of materials, has the yellow midsole, and could have improved heel embossing. Old UABat batch has great quality of materials, though also has a yellow midsole, has the large black area under the wings logo, and has the QR code size tag. SK1 is a good middleground between the two other batches in terms of quality of materials and has the best midsole color of the 3, though could have better heel embossing.
Depending on what matters most to you, either of these options could be a good pick for you if you can't get your hands on the best batch out.
Keep in mind there is a substantial gap between batches above this point and batches below this point.
- Slightly Above Third-Tier: Updated LJR 10/15/21 onward, Dubbed Updated LJR 3.0:
QC From Mr Hou: We can see here that the color on pairs from mid-October onward now have a darker brown suede instead of the gray-tinged suede. While this color is still in retail range given the wide spectrum of retail suede colors, the gray-tinged suede was unique and the main draw of this batch for many people. Without the suede color, it doesn’t stand out much compared to the batches below like GD 6.0 or OG Batch.
Personally, I would wait to see if the suede reverts back to the gray-tinged suede if you are sold on that pair, or just grab UABat’s batch, which I rank higher thank Updated LJR anyway, gray suede or not. I would not recommend rushing and buying Updated LJR 3.0 with this darker brown suede.
- Third-Tier: Old LJR, GD 6.0:
For GD 6.0: Reverse swooshes point towards the first lace hole, wings logos are glossy, accurate 3M placement, back heel embossing nice and defined with symmetric placement. Batch flaws are reverse swooshes are placed higher compared to other batches, and the wings logos can be placed a bit high on some pairs. This batch benefits from a suede brush to improve the suede and they come out looking great. All around a solid batch.
GD 6.0 after suede brush
For LJR 1.0: Details are all solid - good reverse swoosh placement, 3M placement, emoji heel embossing is okay. Suede isn't the best, but after hitting them with a suede brush, they're not bad. Batch flaws are yellow midsole, poor hourglass shape, and given how rare QR codes are on retail pairs, one can consider the QR code on the size tag a flaw.
LJR (GD 4.0) after suede brush and mink oil here and here
pfresh26's Suede Brush Guide
- Third String (Sixth String): OG Batch
OG Batch catches people's attention because of the suede. Everyone knows this. Mr. Hou, one of the most popular sellers for OG Batch, especially knows this, which is why he emphasizes the suede movement with lighting and has even started (wasn't before) drawing lines on his suede (it's in every recent QC) to really make the suede movement obvious.
The suede movement and its superiority compared to other batches (GD 6.0, LJR) is typically the response given for why it is okay to overlook all of OG Batch's batch flaws: the matte wings logo (should be glossy), low placement (can happen on retail but is extremely low on some OG Batch pairs), the low 3M placement on the left shoe, and the reverse swooshes that don't point towards the first lace hole from the bottom as a majority of retail pairs I've seen do. For the reverse swooshes, placement can vary, but the swooshes still point towards the first lace hole from the bottom, no matter how high or sunken the other edge of the Nike Check is.
Disclaimer: I am aware that the "3M flaw can happen on retail, and reverse swoosh placement can vary, but this constellation of flaws makes OG Batch the EASIEST rep to legit check. Can see that here and here.
To make matters even worse for OG Batch, here is an OG Batch with GD 6.0 side-by-side comparison, and the suede movement looks identical on both pairs. For all the reasons above, I really cannot recommend OG Batch. It's not a wise use of money in my opinion when there are much better batches on the market.
- Top Batch: GD 2.0
- Runner Up: OG Batch
currently ranking these solely in terms of appearance, as I only have GD and UABat in-hand
- Top Batch: GD (which is not LJR batch rebranded in this case, as explained below)
At the moment, Coco’s Fragment Lows look the best due to the heel tab shape, midsole color, and heel embossing. The biggest batch flaw is that some pairs have low-placed tooling codes, though this isn’t present on every pair, so you can get a pair with well-placed tooling codes.
But Mr Poncecatchemall, I can’t distinguish batch flaws, how can I tell GD Batch apart from LJR?
Aside from batch flaws, GD Batch has a 3/20/21 dated size tag compared to LJR’s 4/01/21 dated size tag.
GD Batch and LJR Batch Side-by-Side
- Runner Up: LJR or UABat
LJR has a discolored midsole compared to retail and more U-shaped heel tabs compared to retail. Left heel embossing is also on the weaker end. Currently subpar compared to GD batch in terms of appearance, unclear how they compare in terms of quality of materials.
LJR Fragment Lows QC from Mr Hou
99problemsna’s Side-by-Side of LJR with Retail
UABat’s batch looks decent. Flaws I see are the FRAGMENTDESIGN text being a different size than retail and the tooling code being bolder than retail. Midsole color is closer to retail than LJR. His quality of materials is always a notch above the typical reps middlemen carry though. Ultimately comes down to what you prefer and how much quality is worth it to you IMO, though we don’t know quality on any of the above 3 batches, so I can’t say which rep is the all-around best.
SK exclusive had reverse swooshes that were completely the wrong color, so I wouldn’t recommend those at the moment.
- Top Batch: UABat (W2C: UABat.xyz)
Winner of RepMafia’s and Vault 813’s Rep vs Retail Comparison
Better Waxed Laces Compared to Coco’s Current Pair, Supported by pfresh26
- Runner Up: LJR
- Runner Up: H12 (excessive paint splatter, toe box cages, care direction, midsole colors +/-
Repmafia’s Batch Comparison with Retail with Vault 813
Other user's guide to Travis Scott 4s (predates the release of UABat's batch)
- Top Batch: Updated PK Batch
You can see my side-by-side post with retail. The main flaws you want to look out for are the cage flaw and the midsole color flaw. On older batches, the lines on the material behind the cage will go diagonally - you want the lines to go horizontally. Older batches also have a midsole that is two different colors, with the darker color being much darker than retail. You can see a QC from Monica of updated PK Batch, though I've seen other middlemen carry it as well.
What you don't want is this or this.
Other details to pay attention to are UN/LA tag placement, which should be about 50% exposed (poor batches have it completely hidden behind the cage or pushed too far forward.
- Runner Up: Coco
- Third-Tier: H12
The usual for H12, decent mid-tier batch, and hence will be okay in terms of details and will have okay material quality.
Dunks:
Non-collab Dunks:- Top Batch: M Batch
I have an in-depth review of M Batch here, but in short, it is the best bang for you buck batch for dunks, especially if ordered through Weidian using an agent. Key to note, M Batch is good for regular dunks, but not as good for SBs.
- Runner Up: PK Batch
A very consistent batch that I prefer for older colorways. However, M Batch does more recent colorways better IMO and has a slimmer toe box which people tend to prefer.
- Top Batch: LJR
Here is my pair of LJR Batch Pine Green Off White Dunks.
- Runner Up: H12
Previously, H12 was essentially the only decent option for these and this was the go-to by default. I’ve never been a fan of H12 dunk quality though.
- Top Batches: UABat (W2C: UABat.xyz) or PK Batch
Biggest flaw on all reps at the moment and easiest way to legit check a pair is by looking at the tie-dye sockliner - retails are more blended between colors, whereas reps have more distinct blocks of color.
- Top Batches: UABat (W2C: UABat.xyz), PK Batch, or Coco
Can’t go wrong with either batch as they are all extremely strong and have different pros and cons. I will update this section when I have more time.
Rynbro’s TS Dunk Review
Sean Wotherspoon Air Max 1/97
For Sean Wotherspoon’s, the usual go-to QCer is u/plugmebby. Here’s her pick for the current best batch and her guide on how to improve older batches with the dye-methodTop Batch: Coco (thought to be LW Batch)
Runner Up: H12: Below Coco due to the yellow sockliner flaw, corduroy colors being less accurate than the above batches, worse mini-swoosh placement. This batch is cheaper and hence you’ll see some people recommend it, but beware those with a bias towards cheaper reps regardless of the drop in quality/accuracy. QC Post 1 QC Post 3
2021.07.17 10:40 Armstonk86 Atossa Therapeutics PT estimation (Endoxifen only)
 | Hi all, submitted by Armstonk86 to AtossaTherapeutics [link] [comments] I'm an investor in the company since January and I wanted to share my personal estimation of a fair PT for the company stock. This is not to be taken as a full blown DD but as a valuation exercise which is highly speculative because it refers to the scenario in which all the Endoxifen products are going to succeed. Also, I'm not a financial advisor and I decided to share this content mainly to receive feedbacks from the community in order to revise this for myself by including aspects that I might have ignored or wrongly weighted. So, this whole analysis could be wrong altogether and I'm open to constructive criticism. That being said, this analysis is based on the estimation of the revenue streams of the company once the Endoxifen pipeline is rolled out to the market and, for the moment, is confined to the US market alone considering a future potential FDA approval to be valid only for the USA (in this regard this might be conservative). Furthermore also it doesn't take into account the COVID Nasal Spray (AT-301) and the Hope program (AT-H201), therefore it shall be considered a lower-bound for the company's stock PT estimation. Let's get started. US Market opportunity size. The yearly number of new Breast Cancer cases in USA is forecasted to be 281550 for the current year of 2021 (Source: https://seer.cancer.gov/statfacts/html/breast.html ), therefore this will be the figure that I'm assuming for simplicity to be constant in the near future although worldwide, the breast cancer therapeutics market opportunity is in a growing trend driven by the, unfortunate, forecasted demand growth. As reference, In 2017 was 21.6 B$ while is forecasted to reach 55.3 B$ in 2027, resulting, therefore, in a CAGR of roughly 13% (Source: https://www.fortunebusinessinsights.com/industry-reports/breast-cancer-therapeutics-market-100163) . For now I'm not making any geographical breakdown and we could assume for simplicity as 10% the YoY growth rate of the market size in US as well over the next decade. Anyway, for now let's ignore this and consider the 281550 yearly new cases figure as our starting point. The application niche for Endoxifen is to take over Tamoxifen and partially AI (Aromatase Inhibitors) for the ER+ (positive estrogen receptors) patients which make 78% of the total patient population. (Source: company investor presentation at slide 8: https://atossatherapeutics.com/wp-content/uploads/2021/06/June-9-2021-Endoxifen-Ph-2-WOO-Final-Data-Presentation.pdf). Tamoxifen vs AI vs Endoxifen Let's also briefly summarise pros and cons of Tamoxifen and Aromatase inhibitors in order to provide some context. Tamoxifen:
From the initial pool of 281550 new yearly breast cancer patients in the US we can estimate that 78% are ER positive. The actual most commonly widespread therapy is made up 5 years of Tamoxifen + 5 years of AI inhibitors because of the increased availability of AI in post-menopausal age and consequent risk reduction of severe adverse events such as endometrial cancer and thromboembolic events. An alternative recommendation is 3 years Tamoxifen + 5 years AI based drugs. Below the sources. This source link explains the usual Tamoxifen therapy ranges from 5 to 10 years: https://www.cancer.org/cancebreast-cancetreatment/hormone-therapy-for-breast-cancer.html this other source link cites the two scenarios of 5 years Tamo + 5 years AI and as a better performing therapy 3 years Tamo + 5 years AI: https://www.breastcancer.org/treatment/hormonal/aromatase_inhibitors For the moment I'll stick with the 5 + 5 scenario as the standard one under analysis. It is legit to assume that out of the ER+ pool a portion is still eligible for an "AI only" therapy (mainly post-menopausal patients which are diagnosed with the tumor for the first time) therefore I'll include another coefficient which takes into account the effective pool reduction. In order to properly have a better idea of how much this reduction really is let's consider the age statistics of the breast cancer patient population. For this I found this source very useful: https://www.cancer.org/content/dam/cancer-org/research/cancer-facts-and-statistics/breast-cancer-facts-and-figures/breast-cancer-facts-and-figures-2017-2018.pdf https://preview.redd.it/2d2uojkalqb71.png?width=1202&format=png&auto=webp&s=32264f26ea317b23ca1254b3e8d8c9eef2f7151a From this study the following facts emerge:
Therefore I'm giving a 0.4 as Tamoxifen market share ratio (lower than half, but not too low because the distribution is long tailed, and because there might still be an edge of Tamoxifen over AI based drugs in post-menopausal age). This number can be wrong but this is what with the best of my efforts I can come up to , so it's a guess (community feedback highly appreciated here! :) ). The next step is to understand how much from the Tamoxifen share the Endoxifen will end up to be taking over. Here , in my view, there are two possible scenarios. The first, more optimistic, scenraio entails the success of Endoxifen over Tamoxifen thanks to its best average tumor growth rate and tumor recurrence risk reduction. If that ends up to be the case I can see Endoxifen taking over very aggressively the Tamoxifen market share for the vast majority. For this scenario I'm willing to give an 90% replacement ratio score (another guess here!). The last, more pessimistic , scenario considers the niche success of Endoxifen over Tamoxifen bounded to the abnormal CYP2D6 level pool (in simple terms "poor metabolisers" ) with no further added benefits neither in performances nor in side effects. For this figure, since I've found contrasting facts about the magnitude of the poor metabolisers pool (ranging from as low as 10% to as high as 33%) and also by considering the fact that Tamoxifen failure stands also because of the usage of other contrasting drugs I'm willing to provide a 25% score for this coefficient (oh no..another guess!). An half full glass scenario can find as usually its ground in the middle of these two extremes. Such figure would lie at 57.5 which we can round up to 60%.
Yes, but which Atossa's products will actually benefit from this? I think mainly the WoO (Window of Opportunity) and the Post-surgery (Refractory) programs. While for the MD (Mass Density) reduction program since is a "pre - diagnosis" program is meant to function as a preventive drug and therefore we need a different pool estimation. Regarding this latter one (MD), studies have shown how a reduced breast density is linked to lower overall breast cancer risks (https://pubmed.ncbi.nlm.nih.gov/27894075/) therefore I believe that if this product is also going to be successful this will see a much larger eligible pool: the non patients women which might be considered at higher risk for several risk factors such as age, sedentary life-style, unhealthy diet and so on (here the complete list of the general risk factors: https://www.mayoclinic.org/healthy-lifestyle/womens-health/in-depth/breast-cancer-prevention/art-20044676) and therefore being recommended a preventive therapy. It's difficult to have an idea of such pool size but again we can give it a try to estimate it. The total US women population is roughly 167.8 million in 2019. (source: https://www.statista.com/statistics/737923/us-population-by-gende) We know the US average physical inactivity ratio: 26.4% (source: https://www.americashealthrankings.org/explore/annual/measure/Sedentary/state/ALL) The age breakdown details can be found here (2019): https://www.statista.com/statistics/241488/population-of-the-us-by-sex-and-age/ And we can count that in the range 25 to 74 years old we have 102.87 million women**,** hence the 61.3% of the total women population. By crossing the data of the US physical inactivity ratio and the women in eligible range for breast cancer (and more likely to undergo a preventive therapy..ps: I did cut some corners below 25 and above 74 years old by assuming to very likely never be interested in a preventive program). We might get a pool of circa 26.7 million women in the eligible pool of preventive therapy. Considering a success rate of 5% (another guess) in accepting to undergo such preventive therapy the effective pool shrinks to 1.33 million women. Since we are guessing let's trim further down this figure and let's consider 1 million women pool for MD treatment. Endoxifen (end products) pricing But how much shall this drug cost? I'm not an expert in the health care sector but I could try to infer the pipeline pricing by analogy with current products pricing and make a guess (another!). For this matter I considered this source to be useful: https://www.verywellhealth.com/compared-cost-effectiveness-of-tamoxifen-and-arimidex-430669 . A capture of the adjuvant drugs costs table for a 1 MONTH dose is attached here: https://preview.redd.it/xq88y4b5lqb71.png?width=1260&format=png&auto=webp&s=724abe68db467bfe09a08885818b3f92203d50a8 Tamoxifen average price is 70$ while AI based drugs group average is 330$. I can imagine that Endoxifen, by being a more innovative drug , can find its ground in between the two groups at 200$ for a month dose. Again this is just a reasonable guess, and you can try yourself to play with different options (also here, if you have a different opinion I'd be glad to hear from you, above all if you are an industry expert). Another topic is the product dosage and its differentiation across the three different Atossa's product designations: Mammographic Density, Window of Opportunity, Post-surgery (refractory). I could imagine that the different products will entail different doses and therefore different drug pricing. Revenue Streams calculation Now comes the tough part: estimating the therapy length for each program and making some guesses on the dosage (and therefore price) in each program. For the revenue streams model I'm going to considering this:
Also, the price considerations related to different programs might not be entirely driven by the exclusive dosage factor but maybe by the revenue streams models. Common sense would be to expect long term programs to be cheaper as monthly price than a short term one. Therefore I'm going to partially hide, within a mixed reasoning, the mere dosage considerations and consider this possible model: a reference price of 200$/month and a coefficient array which modifies the price for the different programs into having a price tag which makes more sense for both dosage and business side of things.
Rev(MD) = 20$ / month x 12 x 1 million patients = 240 M$ / year Rev(WoO) = 500$ / month x 1 x 52706 patients = 26.3 M$ / year Rev(Refractory) _this_year = 50$ / month x 11 months (this_year_pool) x 52706 = 29 M$ / year Rev(Refractory)_previous4years_rollover_into_this_year = 50$ / month x 12 x 4 x 52706 = 126.5 M$ / year Rev(TOT) = 422 M$ / year Earning estimation - Industry average financial performances We need now the estimate the earnings from the business. For this we will use an industry average net margin which will give us an estimation of how much earnings the company has been left with after all costs, interest, asset depreciation and taxes. A picture of the biotech industry net margin performance can be found here: https://csimarket.com/Industry/industry_Profitability_Ratios.php?ind=801 The Q121 had an average of 12.12% while all other previous quarters were ranging from 5 to 20%. I'll consider an average of 12%. Therefore the earnings from revenues are: earnings = 0.12 x 422M$/year = 50.64 M$/year By knowing the company float of 120.77M shares we can derive the earning per share: EPS = earnings / float = 0.42 $ / share The industry average PE for biotech sector is 26x . Therefore we can derive an average PT of: PT [$] = 26 x 0.42 = 10.92 ~ 11$ This was our average success Endoxifen scenario. We can repeat the same calculations for the other two cases and we get the following fork:
I've the feeling that some of these guesses might be a bit too conservative such as the Tamoxifen market penetration (here guessed to be 0.4) because based on a little industry knowledge; but this is the best I can come up with a data driven approach. The pricing itself is another large approximation because apparently there is no hard bound on setting a larger price tag other than competition with Tamoxifen and AI inhibitors. Furthermore isn't fully clear the application designation for which those prices are valid, I'm assuming it must be the 5Y refractory program for which Tamoxifen and AI drugs are currently used. I want to conclude with some observations:
Any feedback is appreciated regarding this rough analysis and your idea about the Covid pipeline potential that I didn't evaluate at all. Glta, Armstonk86 |
2021.06.26 08:46 RandomCollection (Saturday Paper) EV Battery costs - the wider implications on society and EV adoption
In any industry, there are going to be bottlenecks that prevent wider adoption.
For EVs, one big problem is the cost of EVs relative to that of ICE vehicles. The big bottleneck here is battery technology. Cost and range anxiety are often cited as the main barrier to EV adoption.
https://www.thedrive.com/news/26637/americans-cite-range-anxiety-cost-as-largest-barriers-for-new-ev-purchases-study
This by nature, requires:
The other is that if prices do not fall quick enough that an EV ban is politically viable. Effectively, this means that people who cannot afford EVs would be banned from being able to purchase a new vehicle. See here for my thoughts on why this is not politically viable if EV prices do not fall.
https://www.reddit.com/RealTesla/comments/klkdjy/some_thoughts_about_why_you_need_to_be_skeptical/
In other cases, some nations have not outright banned ICE vehicles, but have allowed hybrids, which causes many BEV enthusiast sites to complain.
https://electrek.co/2020/10/27/china-plans-2035-gas-car-ban-that-doesnt-actually-ban-gas-cars/
Electrek and similar websites are assuming that prices for EVs will continue to fall forever.
Is this a realistic assumption?
For the purposes of this article, I'd like to focus on the US.
Strictly speaking, Moore's Law refers to the idea that the number of transistors doubles every 24 months, so the cost per transistor is halved. Even here the transition to the latest node (at time of this writing, TSMC has a 5nm node, and TSMC is currently the leading fab in the industry), costs more per gate than the previous 7nm.
The challenges the industry has encountered wit h smaller nodes, which have resulted in ever increasing fab sizes are a testament to the challenges that will only get worse as transistors get smaller. Some technologies, such as 450mm wafers shave been abandoned altogether.
Moore's Law is a function of the amount of transistors on a piece of silicon. In fact, it can be argued that mentioning Moore's Law for EVs and batteries is a sign of ignorance.
https://www.greencarreports.com/news/1087071_mentioning-moores-law-for-electric-cars-sign-of-ignorance
A more relevant question may be, can EV costs go down? One huge bottleneck then is material costs.
We may be hitting limits already.
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/as-battery-costs-plummet-lithium-ion-innovation-hits-limits-experts-say-58613238
http://blog.gorozen.com/blog/how-low-can-lithium-ion-battery-costs-go
They go into more detail in part 2:
http://blog.gorozen.com/blog/how-low-can-lithium-ion-battery-costs-go-part-2
Recently Tesla pushed its 4680 battery (and the tabless battery).
https://energycentral.com/c/cp/tesla-battery-day-one-slide
We are still chasing diminishing returns here. Like the memory controller example I referenced earlier, a tabless battery can only result in a "one time" savings. Larger batteries can only result in a "one time" reduction each time they are made larger and eventually, like how the semiconductor industry abandoned 450mm wafers, there will come a time where a larger battery does not outweigh the drawbacks.
Keep in mind that this even assumes that the real world gains are as good as Tesla claims. Based on their self driving claims, let's just say there is ground for skepticism.
Also, keep in mind what high EV adoption means.
Part of the issue is consumer's lack of knowledge about EVs, but part of the issue is that consumers won't pay more.
To get say, 100 kwH battery at $4000, we would need $40 per kwH. Less to access the 56% of the market that won't be able to pay even that. The reason why I emphasize the 1000 kWh is because that's a "guess" as to where we would need range to be to ward off the worst of the range anxiety sentiment, although that number may be higher for pickup trucks (keep in mind in the US, the F-150 is the top selling vehicle).
Let's keep in mind too that most people live paycheck to paycheck, so blaming them is pretty futile and may be blaming the victim.
https://www.cnbc.com/2019/01/09/shutdown-highlights-that-4-in-5-us-workers-live-paycheck-to-paycheck.html
A more recent survey has said that consumers are even less willing to pay more.
https://morningconsult.com/2021/02/09/energy-efficiency-series-electric-vehicles-consumers-polling/
Another big issue is that ignorance about EVs works both ways. Most advocates for EVs recognize that most people don't know about battery technology and EVs and if they just knew, they would buy more EVs. Unfortunately, knowledge also has one big drawback. EVs tend to lose range in colder and hotter climates.
https://www.geotab.com/blog/ev-range/
If consumers knew, range anxiety might be an even bigger problem and consumers may demand an even bigger range as a "temperature buffer". Knowledge works both ways.
So in that regard, for EVs to drop in price, we would need:
There are other issues - one is the number of charge / discharge cycles. The pursuit of cheaper batteries cannot come at the expense of the lifespan of the battery or else consumers may also not accept a battery that does not last as long.
There are a number of technologies on the horizon:
We may see some of these new technologies by the late 2020s or 2030s, but a reliance on such new technology pushes the timeline of when EVs become mainstream back even more.
One possibility (and Tesla may have set a precedent with its LFP battery) is that inferior batteries will go onto cheaper cars whereas the priciest cars get the best battery chemistry.
https://scitechdaily.com/analysis-reveals-plunge-in-lithium-ion-battery-costs-further-steep-declines-possible/
There are claims of $60 per kwh packs making an EV cost less than combustion engine cars.
https://www.greencarreports.com/news/1132072_report-60-kwh-battery-pack-price-will-make-evs-cheaper-than-combustion
The optimistic point of view is very simple - if we have enough years of the price falling, eventually it will reach price parity and even be cheaper than ICE vehicles.
In such a situation, EV adoption might be quite high, provided charging capability is available (and the power grid can handle it - see https://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2020/01/09/electric-cars-will-challenge-state-power-grids and https://www.reuters.com/article/us-usa-weather-grids-autos-insight-idUSKBN2AX18Y) and EV batteries last long enough. If they do not, then these assumptions will not hold.
Even in this situation, most cars on the road will be ICE for quite some time.
The reason - take a look at the age of American vehicles.
So by 2030, we can expect that cars will be perhaps 13.5 to 14 years old at this current rate.
This is caused by:
WE can extrapolate that if the age of cars of 2040 will be mostly 2024 or 2025 model year cars (15-16 years old based on the IHS graph) too because the age of cars will go up again. Hint: Many of those will be mid-cycle refreshes of cars that are present today in model year 2021 or 2022 and therefore ICE cars.
So even in 2040, even under an optimistic scenario, there will be lots of ICE cars.
https://www.nationalgeographic.com/science/article/coronavirus-will-we-ever-trust-crowds-again-cvd (https://archive.ph/bRqrV if you are asked for your email)
Work from home or a hybrid of partly at home, partly in office for many white collar workers (ex: those who are more likely to have the economic means to buy new cars) may remain. Technologies like VPNs, meetings on Zoom or Microsoft Teams, etc, will remain even after the pandemic.
More people have left for the suburbs, which means greater car dependency.
https://www.wsj.com/articles/pandemic-supercharged-changes-in-where-americans-live-11619536399 (https://archive.ph/5V0Aj)
Many of these people will remain in the suburbs after the pandemic - the issue is that not everyone will buy a new car - that means there will be more people who want to buy the same number of used cars (that were made a couple of years ago or older - before the pandemic and increased demand for vehicles).
Other issue such as politics, civil unrest, crime, etc, have all had lasting effects on where people move as well. Net though, it would appear that a higher percentage of people are moving to the more auto dependent suburbs, a trend likely to hold after the pandemic.
That shift away means that fewer can buy used cars (which are now more expensive). Considering most could not afford new cars to begin with (https://www.cnbc.com/2017/06/28/that-shiny-new-car-is-out-of-reach-for-many-americans.html), that means that older cars will remain on the roads. Keep in mind that not everyone moving to the suburbs will be wealthy.
If a greater percentage of people move to the suburbs, this will increase the "swing" nature of politics not decrease it.
If they do not fall, then we are left with challenges.
If the costs fall faster relative to EV cars, then hydrogen may very well prove to be the superior option.
This becomes even more paramount if the costs of batteries do indeed stop falling and newer battery chemistries are hard to come by.
IF neither EVs nor hydrogen cars gets to the price point we need, it may be the end result.
Refer to my post earlier - most people will not tolerate the kind of bans necessary on vehicles.
https://www.reddit.com/RealTesla/comments/klkdjy/some_thoughts_about_why_you_need_to_be_skeptical/
In an electoral democracy, that makes it very challenging to address the issues of global warming and for a politician to be re-electable.
Even in an authoritarian nation, the government has to satisfy the needs to the people or else they will lose legitimacy as well.
Other scientists have felt so as well:
https://sustainabilitycommunity.springernature.com/posts/limiting-warming-to-2-c-requires-emissions-reductions-80-above-paris-agreement-targets
The question becomes is this politically possible in a democracy or even an authoritarian society? This would require a substantial loss in the living standards of most people that may not be politically feasible.
2 out of 3 Americans for example will not pay more than $10 a month in power bills to address global warming. Keep in mind that if EVs are to lower greenhouse gas emissions, it has to come from renewable sources of energy.
https://www.nbcnews.com/news/us-news/more-americans-believe-global-warming-they-won-t-pay-much-n962001
This has huge implications on the roll-out of renewable energy which tends to be intermittent. It's been suggested that changes in how we price electricity have to be made.
https://www.forbes.com/sites/brianmurray1/2019/06/17/the-paradox-of-declining-renewable-costs-and-rising-electricity-prices/?sh=e9bd78561d5b
I hope you understand the magnitude of the problems that we face. Is it even possible to operate an industrial civilization with this type of pricing? What sort of hedging will be needed for electricity costs?
It's for these reasons I think we may have to spend a lot of money on geoengineering, even if it carries enormous risks.
The other is that I've learned not to judge people as harshly as some might. Some people may judge very harshly Americans for not being willing to pay more costs for global warming for example.
https://www.vice.com/en/article/ev3dde/most-money-advice-is-worthless
It is "dumb" in a sense to not think longer term, but it also makes sense in a way as well. This inability to think longer term due to barely making ends meet (or not making ends meet at all due to poverty) also in my view explains the lack of prioritization of global warming.
With around 80% of the US living paycheck to paycheck pre-COVID (and possibly an even higher number now), that would explain the inability to plan longer term.
The people who judge most harshly their fellow citizens for not being willing to pay for global warming tend to themselves be upper middle class and economically secure.
Here is a very good article:
https://www.nytimes.com/2018/12/14/opinion/sunday/yellow-vest-protests-climate.html (https://archive.ph/CbarE)
At the risk of drifting off topic, I've become a very left wing person economically (I have been downvoted and called a Marxist on /canada), although quite right wing socially, but that reflects how I see the world now - I think that inequality has become one of the biggest obstacles for our world.
Today, EVs are a luxury vehicle for the upper middle class and rich.
If wages do not rise dramatically and/or EV costs do not fall, the risk is that they will remain that way. This is not a "good" outcome, but unless another technology (such as hydrogen) does save the day, we could be in very serious trouble.
EVs won't single-handedly save our world (after all aviation and other sources of carbon emissions exist), but either a transition to EV or H2 would be a step in the right direction.
https://ourworldindata.org/co2-emissions-from-transport
Also, we should bear in mind that all car manufacturing has lifecycle emissions. One reason why I focused on electricity was due to impacts on where electricity comes from.
https://www.carbonbrief.org/factcheck-how-electric-vehicles-help-to-tackle-climate-change
Hydrogen will still have a role to play even in this situation. Unless there are huge improvements in energy density, it is likely that for long range applications, EVs will not be suitable because they are too heavy.
https://en.wikipedia.org/wiki/Energy_density#/media/File:Energy_density.svg
Weight is a huge issue in areas like aviation, so hydrogen is a necessity.
In many ways, EVs have been a sort of "let's pretend to care" fraud of sorts that seems convincing to the casual observer for the wealthy.
The reason why there is an emphasis on 2 degrees is because past 2 degrees, the planet creates a feedback loop that worsens global warming (ex: there are large methane traps under Siberia and northern Canada for example, along with methane clathrates under our oceans).
The end result could be a Permian like extinction event. Most people know about the famous KT extinction event 65 million years ago that eradicated the dinosaurs. That was not the worst extinction in earth's history, which was the end Permian, which was caused by volcanic activity that resulted in a global warming event on a massive scale.
On the contrary, EVs failing is not at all a desirable outcome. I think Musk is a very unethical con artist, and should be brought to justice for his actions, but I do not wish for EVs as a whole to fail.
It's actually in our interests for both EVs and Hydrogen cars to be spectacularly successful. Hydrogen could also serve as an energy storage as well for intermittent renewable energy too.
However, I am also not ignorant as to the barriers that EVs will face. Hydrogen too faces its own challenges, but that's for another article. Even if successful, EVs cannot be save the world alone, Musk's claims aside.
The reason why I am in favor of pushing for geoengineering isn't because I want our efforts at global warming mitigation to fail - it's because I see no alternative given our political realities and because I'm aware of the danger if nothing happens.
submitted by RandomCollection to RealTesla [link] [comments]
For EVs, one big problem is the cost of EVs relative to that of ICE vehicles. The big bottleneck here is battery technology. Cost and range anxiety are often cited as the main barrier to EV adoption.
https://www.thedrive.com/news/26637/americans-cite-range-anxiety-cost-as-largest-barriers-for-new-ev-purchases-study
This by nature, requires:
- Cars have large enough batteries to overcome range anxiety.
- Chargers are widespread and a common standard adopted.
- Chargers charge quickly enough.
- Batteries can last enough charge - discharge cycles to be useful (and acceptable to the general public).
- Having a car with a large battery does not cost more (or much more than an ICE vehicle).
The other is that if prices do not fall quick enough that an EV ban is politically viable. Effectively, this means that people who cannot afford EVs would be banned from being able to purchase a new vehicle. See here for my thoughts on why this is not politically viable if EV prices do not fall.
https://www.reddit.com/RealTesla/comments/klkdjy/some_thoughts_about_why_you_need_to_be_skeptical/
In other cases, some nations have not outright banned ICE vehicles, but have allowed hybrids, which causes many BEV enthusiast sites to complain.
https://electrek.co/2020/10/27/china-plans-2035-gas-car-ban-that-doesnt-actually-ban-gas-cars/
Electrek and similar websites are assuming that prices for EVs will continue to fall forever.
Is this a realistic assumption?
For the purposes of this article, I'd like to focus on the US.
A pessimistic view
The pessimistic view is based on silicon. Advocates of EVs often use Moore's Law and Dennard Scaling as an example for EVs. In the early 2000s, it was imagined that with a big enough push, a 10 GHz CPU would be viable.The Moore's Law Analogy
In 1992, both HP and DEC for example released a 100 MHz CPU, and Intel would release the Pentium CPU that also hit 100 MHz in 1995. By 2004, Intel had released its Prescott Pentium 4 CPU with a clockspeed of 3.8 GHz. Going from 1992 to 2004, that works out to an improvement of 38x in a period of 12 years in clockspeed. But since then, CPU clockspeeds have hit a physical wall that has dramatically slowed down progress. Making things worse, so too has the progression in terms of IPC improvement. Efforts to make more cores have since emerged, but of course it is not a perfect substitute, and workloads are limited by Amdahl's Law. Chiplets, pioneered by AMD, too are a recent development, but again not a substitute (https://www.extremetech.com/computing/280344-chiplets-are-the-future-but-they-wont-replace-moores-law).Strictly speaking, Moore's Law refers to the idea that the number of transistors doubles every 24 months, so the cost per transistor is halved. Even here the transition to the latest node (at time of this writing, TSMC has a 5nm node, and TSMC is currently the leading fab in the industry), costs more per gate than the previous 7nm.
- https://semianalysis.com/apples-a14-packs-134-million-transistors-mm2-but-falls-far-short-of-tsmcs-density-claims/
- https://semianalysis.com/apple-a14-die-annotation-and-analysis-terrifying-implications-for-the-industry/
3D Stacking is not the silver bullet. Cost scaling has begun slowing dramatically. With TSMC N5 wafer pricing in the ~$17k range, it is clear cost per transistor has not fallen. Even if SRAM scaling kept up, the cost per transistor would still have remained flat from N7 to N5.So in effect, Moore's law as a function of transistors getting cheaper appears to be dead. SRAM doesn't scale very well.
The challenges the industry has encountered wit h smaller nodes, which have resulted in ever increasing fab sizes are a testament to the challenges that will only get worse as transistors get smaller. Some technologies, such as 450mm wafers shave been abandoned altogether.
What about for EVs?
Battery prices have seen a very fantastic fall, but they are not Moore's Law.Moore's Law is a function of the amount of transistors on a piece of silicon. In fact, it can be argued that mentioning Moore's Law for EVs and batteries is a sign of ignorance.
https://www.greencarreports.com/news/1087071_mentioning-moores-law-for-electric-cars-sign-of-ignorance
But battery cost reduction does not follow Moore's law, because the fundamental technology of lithium-ion cells is not based on transistors.Another article: https://www.greentechmedia.com/articles/read/why-moores-law-doesnt-apply-to-clean-technologies
A more relevant question may be, can EV costs go down? One huge bottleneck then is material costs.
We may be hitting limits already.
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/as-battery-costs-plummet-lithium-ion-innovation-hits-limits-experts-say-58613238
While this will be accomplished without major innovations in lithium-ion batteries, mature lithium-ion technology is fast approaching limits to how much it can be improved, experts told S&P Global Market Intelligence. One battery chemist, a leading lithium-ion battery scientist who has conducted research for a major electric-vehicle maker that depends on the technology, said lithium-ion batteries have started to max out on certain fronts such as price, energy density and charging speed.In a sense (but keep in mind of course that CPUs and EV battery costs are totally different), like CPUs before Pentium 4, we may already seen the fastest rates of improvement already and the technology is maxing out.
Venkat Viswanathan, associate professor in the Department of Mechanical Engineering at Carnegie Mellon University, agreed the technology is nearing its limits. He expects that lithium-ion battery prices could still decline by about 20% and 30% but that they will not likely get much cheaper.Prices for lithium, cobalt, and various other elements on the periodic table that EVs need will be a major bottleneck.
"We're quickly approaching the limits of raw material costs," Viswanathan said.
Most of the current gains are one time gains that will not be repeated
Many gains are "1 time" gains - to use an imperfect analogy again (and once again, I must emphasize that Moore's law is not to be compared with EV batteries, but I'll use it because EV enthusiasts insist on it), CPUs - moving the memory (DRAM) controller from the Northbridge (chipset) to the CPU die itself created a one time gain. AMD would do this with its K8 architecture and Intel would later do this with its Nehalem architecture. For battery prices though, it seems that there may have been quite a few more gains that are "one time".http://blog.gorozen.com/blog/how-low-can-lithium-ion-battery-costs-go
Our research indicates that neither the EV nor renewable power can gain material adoption without further major reductions in battery costs. Yes, battery costs have dropped dramatically over the last decade, but we believe these costs reductions were one-time in nature and will be near impossible to repeat. Further cost reductions will be entirely dependent on major advancements in battery technology, which, as of today, don’t exist.So basically saying the same thing I was.
Through our research, we came across an excellent book detailing the inner workings of the battery industry. In the Powerhouse, Steve LeVine explores the challenges in developing lithium-ion batteries.So in other words, most of these gains are not repeatable.
He also describes the ground-breaking work conducted at the Argonne National Laboratory outside of Chicago. Levine explains how Argonne maintained meticulous cost models for all major lithium-ion battery formulations over time and regularly released these models into the public domain.
Argonne’s models are invaluable in understanding what caused the 80% fall in battery costs over the last seven years. After carefully analyzing the Argonne data, we now believe costs have come down mostly through a series of one-time improvements. Instead of continuing to fall materially (à la Moore’s Law), we believe that most of the drop in lithium-ion costs is now behind us. The first $600 move from $750 to $156 per kwh was relatively easy-- the next $56 move from $156 to $100 will be extremely difficult. If we are correct, lithium-ion batteries will not be able to reach the threshold for mass adoption in either EVs or grid-level storage for the foreseeable future. We should point out that many battery experts privately acknowledge that the trajectory of the past decade is not repeatable.
They go into more detail in part 2:
http://blog.gorozen.com/blog/how-low-can-lithium-ion-battery-costs-go-part-2
Beginning in 2008, the battery industry built a large amount of lithium-ion manufacturing capacity to meet the expected surge in demand. While the demand projections ultimately proved correct, the timing was initially far too optimistic and by 2010 the average battery plant only operated at 10% utilization. The low level of throughput resulted in substantial operational inefficiencies and artificially high unit costs. Argonne National Laboratory released a version of its model in late 2011 and we used this as a starting point for our analysis. The Argonne model assumes a 100,000 pack per year facility that operates at full capacity. The first thing we did was adjust the model to reflect a plant that only operated at 10% utilization. The result was a cost of $705 per kwh – within 5% of the battery cost reported by the battery industry for 2012.It's not discussed in the article, but I suspect one of the reasons why progress slowed down was the 2008 recession, which the auto industry saw a number of failures. Indeed for most companies in the industry, it was a struggle to survive.
Using this as a baseline, we adjusted the plant utilization to 100% – the base case used in the Argonne model. Immediately the costs collapsed by 50% from $705 per kwh to $360. These results have profound consequences: nearly 60% of the total cost savings of the past decade came from simply ramping up underutilized facilities. The cost savings is the result of the fixed or semi-fixed costs (such as capital equipment, land and labor) being amortized over a greater quantity of batteries. Battery manufacturing plants today are operating near full utilization. Going forward, additional demand will be met by building new plants and not by increasing utilization. As a result, the largest driver of cost reduction over the last decade is unrepeatable.So again, more unrepeatable cost reductions.
The second source of cost reduction is the size of the battery itself. In 2012 the average lithium-ion battery had much less capacity than today. For example, the benchmark battery from the 2011 Argonne model only had capacity of 11 kwh compared with 65 kwh in the most recent edition. In any battery pack there are significant costs that are incurred only once per battery. These costs include module terminals, gas release valves, bus bars, and pack jackets as well as various integration costs. By increasing the capacity of the battery five-fold, these one-time costs are spread over more kilowatt hours. In a typical 2012-vintage battery, these costs made up as much as 20% of the total battery cost. As the capacity increased materially, we estimate these costs came down from $80 to $20 per kwh--a reduction of 75%.
Recently Tesla pushed its 4680 battery (and the tabless battery).
https://energycentral.com/c/cp/tesla-battery-day-one-slide
We are still chasing diminishing returns here. Like the memory controller example I referenced earlier, a tabless battery can only result in a "one time" savings. Larger batteries can only result in a "one time" reduction each time they are made larger and eventually, like how the semiconductor industry abandoned 450mm wafers, there will come a time where a larger battery does not outweigh the drawbacks.
Keep in mind that this even assumes that the real world gains are as good as Tesla claims. Based on their self driving claims, let's just say there is ground for skepticism.
The third driver of cost reduction over the last several years has been chemical prices. A battery’s “chemistry” typically refers to the active material used in the battery’s cathode. For example, Tesla utilizes a so-called LCA battery where the cathode consists of a compound made of lithium, cobalt, nickel, and aluminum. This compound is purchased from a specialty chemical company which charges a price based upon the cost of the underlying materials and the cost of manufacturing. Over the last several years, the compound price has fallen by nearly 50% as manufacturing costs have declined materially. Our models suggest these cost savings have a limit as the raw material cost becomes a larger and larger percent of the total. For example, we estimate raw material costs made up 40% of chemical price in 2011. By 2018 this had flipped and the raw materials made up 60% of the total chemical price. Moreover, as battery demand picks up, we believe metal demand risks exceeding supply in cobalt and nickel. This will put upward pressure on the specialty chemical price.One issue here is that high EV demand may be its own enemy - if demand for EV raw materials exceeds supply, it will put an upwards pressure on the raw material prices. In other words, it's not different than oil or any other commodity - a function of market demand and supply along with other geopolitical events.
Our analysis suggests a full 80% of the cost savings of the last several years have come from one-time sources that cannot be repeated. Battery bulls extrapolate the 20% annual cost savings that took prices from $705 to $157 over the last several years. Instead, we believe it is more appropriate to first back-out the one-time cost savings in order to isolate the sustainable cost savings going forward.So that is the pessimistic view. 80% of the costs are not repeatable.
A closer analysis
If we do see a slowdown at say, $100 USD per kwh, that means a 100 kwH battery will add $10000 USD per vehicle cost., if the rate of battery cost begins to decline.Also, keep in mind what high EV adoption means.
- Oil prices would drop (and by extension gas) over time because more people are driving EVs.
- EV raw material prices would increase. This would put pressure on nations that are heavily relying on EV vehicles. It may also lead to tensions as nations try to secure safe supplies.
- Used car prices for ICE vehicles too might drop if EVs are seen as more desirable (keep in mind that depreciation is the largest cost of vehicle ownership in many jurisdictions).
Part of the issue is consumer's lack of knowledge about EVs, but part of the issue is that consumers won't pay more.
And the AAA found 44% of buyers would be willing to pay up to $4,000 more for an electric vehicle than a gas model, with 23% willing to pay even more of a premium.One issue - will 56% pay even less than $4,000 more per EV? If the prices don't fall, it's less than a quarter of the market that is achievable (and keep in mind my earlier post about public backlash to taxes that increase car vehicle costs - it will make the Yellow Vests look moderate).
To get say, 100 kwH battery at $4000, we would need $40 per kwH. Less to access the 56% of the market that won't be able to pay even that. The reason why I emphasize the 1000 kWh is because that's a "guess" as to where we would need range to be to ward off the worst of the range anxiety sentiment, although that number may be higher for pickup trucks (keep in mind in the US, the F-150 is the top selling vehicle).
Let's keep in mind too that most people live paycheck to paycheck, so blaming them is pretty futile and may be blaming the victim.
https://www.cnbc.com/2019/01/09/shutdown-highlights-that-4-in-5-us-workers-live-paycheck-to-paycheck.html
A more recent survey has said that consumers are even less willing to pay more.
https://morningconsult.com/2021/02/09/energy-efficiency-series-electric-vehicles-consumers-polling/
According to a new Morning Consult survey, 47 percent of U.S. adults who don’t already own an electric vehicle said their budget would be the same for an EV as it would be for a conventional vehicle; just 18 percent said they would be willing to spend more.One possibility is that the coronavirus has worsened the budgets of the general public.
Willingness to pay more correlated with income: 29 percent of those making over $100,000 per year said they would increase their car budget for an EV, while 14 percent of those making less than $50,000 annually said the same.Keep in mind even among the well off, less than 1 in 3 are willing to pay more. Also remember, not everyone making over 100k is rich, in the San Francisco Bay area for example, 100k is classified as "low income" due to the high living costs.
Asked to consider their range demands if money were no object and charging stations were plentiful, 23 percent of adults who don’t already own an EV said they would require 500 miles or more. Just 7 percent selected less than 200 miles of range and another 16 percent chose between 200 and 299 miles, options which represent the bulk of the current market.For the ones needing 500 miles (800 km) or more, that would require a much larger than 100 kwH battery, especially for a pickup truck or a larger vehicle.
Another big issue is that ignorance about EVs works both ways. Most advocates for EVs recognize that most people don't know about battery technology and EVs and if they just knew, they would buy more EVs. Unfortunately, knowledge also has one big drawback. EVs tend to lose range in colder and hotter climates.
https://www.geotab.com/blog/ev-range/
If consumers knew, range anxiety might be an even bigger problem and consumers may demand an even bigger range as a "temperature buffer". Knowledge works both ways.
So in that regard, for EVs to drop in price, we would need:
- EV battery raw material costs to fall
- Greater range per kWh
- Newer battery chemistries that involve storing more joules with cheaper elements on the periodic table or more joules with the same amount of existing materials
- Some combination of the above
There are other issues - one is the number of charge / discharge cycles. The pursuit of cheaper batteries cannot come at the expense of the lifespan of the battery or else consumers may also not accept a battery that does not last as long.
Changing battery chemistry
Most people are aware of the inherent limits of lithium ion batteries.There are a number of technologies on the horizon:
- Lithium air https://www.nanowerk.com/spotlight/spotid=56929.php
- Aluminum ion https://www.slashgear.com/aluminum-ion-batteries-charge-ten-times-faster-than-similar-lithium-ion-units-20673644/
- Sodium ion https://spectrum.ieee.org/energywise/energy/batteries-storage/sodium-ion-batteries-poised-to-pick-off-large-scale-lithium-applications
- Zinc ion https://www.powermag.com/zinc-ion-batteries-are-a-scalable-alternative-to-lithium-ion/
We may see some of these new technologies by the late 2020s or 2030s, but a reliance on such new technology pushes the timeline of when EVs become mainstream back even more.
One possibility (and Tesla may have set a precedent with its LFP battery) is that inferior batteries will go onto cheaper cars whereas the priciest cars get the best battery chemistry.
An optimistic view
The optimistic view is that batteries have a few more years to go.https://scitechdaily.com/analysis-reveals-plunge-in-lithium-ion-battery-costs-further-steep-declines-possible/
The researchers found that the cost of these batteries has dropped by 97 percent since they were first commercially introduced in 1991. This rate of improvement is much faster than many analysts had claimed and is comparable to that of solar photovoltaic panels, which some had considered to be an exceptional case. The new findings are reported today in the journal Energy and Environmental Science, in a paper by MIT postdoc Micah Ziegler and Associate Professor Jessika Trancik.This is basically saying battery prices fell a lot in the past and so we can project on that future price declines.
While it’s clear that there have been dramatic cost declines in some clean-energy technologies such as solar and wind, Trancik says, when they started to look into the decline in prices for lithium-ion batteries, “we saw that there was substantial disagreement as to how quickly the costs of these technologies had come down.” Similar disagreements showed up in tracing other important aspects of battery development, such as the ever-improving energy density (energy stored within a given volume) and specific energy (energy stored within a given mass).
“These trends are so consequential for getting us to where we are right now, and also for thinking about what could happen in the future,” says Trancik, who is an associate professor in MIT’s Institute for Data, Systems and Society.
There are claims of $60 per kwh packs making an EV cost less than combustion engine cars.
https://www.greencarreports.com/news/1132072_report-60-kwh-battery-pack-price-will-make-evs-cheaper-than-combustion
Granted, these analyses indicate battery costs aren't falling as rapidly as they were earlier last decade, but the turn rate should still put parity with internal combustion in sight.One fly in the ointment here though - even though prices will still fall, the rate of decrease is slowing down.
The optimistic point of view is very simple - if we have enough years of the price falling, eventually it will reach price parity and even be cheaper than ICE vehicles.
In such a situation, EV adoption might be quite high, provided charging capability is available (and the power grid can handle it - see https://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2020/01/09/electric-cars-will-challenge-state-power-grids and https://www.reuters.com/article/us-usa-weather-grids-autos-insight-idUSKBN2AX18Y) and EV batteries last long enough. If they do not, then these assumptions will not hold.
Even in this optimistic situation, most cars on the road will be ICE for some time
Let me repeat an argument I have made before.Even in this situation, most cars on the road will be ICE for quite some time.
The reason - take a look at the age of American vehicles.
- https://news.ihsmarkit.com/prviewerelease_only/id/4759502/
- https://www.wsj.com/articles/average-u-s-vehicle-age-hits-record-12-years-11623680640
So by 2030, we can expect that cars will be perhaps 13.5 to 14 years old at this current rate.
This is caused by:
- The economic effects of the coronavirus pandemic. Many have seen their finances worsen and the "K" shaped recovery means the bottom 80% of society will recover less well than the top 20%.
- A chip shortage will last a couple of years. This should be resolved in the next couple of years, but for now will keep prices for cars higher.
- Rising demand for used vehicles.
- Cars are getting more and more reliable, which means that there is less urgency to replace. Some brands like Toyota even sell very well based on their perceived reliability.
- People are leaving cities and less likely to use mass transit (more on that later) because this means that this will increase the demand for used vehicles.
WE can extrapolate that if the age of cars of 2040 will be mostly 2024 or 2025 model year cars (15-16 years old based on the IHS graph) too because the age of cars will go up again. Hint: Many of those will be mid-cycle refreshes of cars that are present today in model year 2021 or 2022 and therefore ICE cars.
So even in 2040, even under an optimistic scenario, there will be lots of ICE cars.
There is a shift away from mass transit
First, I would like you to read this article: https://www.reddit.com/RealTesla/comments/m056i9/why_our_reliance_on_cars_could_start_booming/Reluctance to use public transport was at its highest in 18 years. Some 54% of respondents said safety was a top consideration, but only 43% agreed that they would use their cars less if public transport was improved, which was the lowest figure since 2002. “The pandemic had the effect of making drivers who already had cars realise that they would depend on them more than ever,” says Rod Dennis, a data-insight spokesperson for RAC. “The million-dollar question is whether or not this is a deep-rooted change.”One of the lasting effects of the coronavirus even long after the pandemic is over will be a shift in behavior. To give an example, we may have lasting effects on fearing crowds even well after the pandemic.
The generation that has been historically least interested in car ownership, Gen Z, may offer some clues. Auto Trader, a digital marketplace for cars, says 15% of its website audience in the UK between June and September was aged 18 to 24, compared to just 6% during the same period in 2019. Rory Reid, Auto Trader UK’s YouTube director, noted that “the pandemic has shifted young people’s views of car ownership and gotten them to hit the road earlier than usual, as they look to rely less on public transport and try to minimise risk of spreading coronavirus”.
And, perhaps surprisingly, fears over the potential environmental risks of increased car use don’t seem to be a top concern for many around the world. A YouGov-Cambridge Globalism Project survey of 26,000 people from 25 countries showed that an overwhelming majority accept human responsibility for climate change. Yet the poll, conducted between July and August, found that the majority of respondents also plan to drive more in the future than they did in the past. For example, take Brazil, where 88% of respondents believed in human-induced climate change. Some 60% of those same people said they would use their car more after the pandemic than before, while just 12% said they would use it less. More than 40% of respondents in the US and Australia also said they would drive more after the pandemic compared to just 10% who said they’d drive less.
https://www.nationalgeographic.com/science/article/coronavirus-will-we-ever-trust-crowds-again-cvd (https://archive.ph/bRqrV if you are asked for your email)
Work from home or a hybrid of partly at home, partly in office for many white collar workers (ex: those who are more likely to have the economic means to buy new cars) may remain. Technologies like VPNs, meetings on Zoom or Microsoft Teams, etc, will remain even after the pandemic.
More people have left for the suburbs, which means greater car dependency.
https://www.wsj.com/articles/pandemic-supercharged-changes-in-where-americans-live-11619536399 (https://archive.ph/5V0Aj)
Many of these people will remain in the suburbs after the pandemic - the issue is that not everyone will buy a new car - that means there will be more people who want to buy the same number of used cars (that were made a couple of years ago or older - before the pandemic and increased demand for vehicles).
Other issue such as politics, civil unrest, crime, etc, have all had lasting effects on where people move as well. Net though, it would appear that a higher percentage of people are moving to the more auto dependent suburbs, a trend likely to hold after the pandemic.
That shift away means that fewer can buy used cars (which are now more expensive). Considering most could not afford new cars to begin with (https://www.cnbc.com/2017/06/28/that-shiny-new-car-is-out-of-reach-for-many-americans.html), that means that older cars will remain on the roads. Keep in mind that not everyone moving to the suburbs will be wealthy.
The suburbs hold the political power
In many developed nations, the medium density areas are the politically swing areas (rural tends to be conservative and urban tends to be politically liberal).- 2012 http://davetroy.com/posts/the-real-republican-adversary-population-density
- 2016 https://climatechangefork.blog.brooklyn.edu/2016/12/06/election-urban-rural-voter-density/
- 2020 https://engaging-data.com/election-population-density/
If a greater percentage of people move to the suburbs, this will increase the "swing" nature of politics not decrease it.
What does all of this mean?
In general, we can split people between those who are optimistic about EVs and those who are not. Optimists tend to take the existing EV tends of rapidly falling prices and assume that they will continue for a long time, if not forever.If they do not fall, then we are left with challenges.
Hydrogen cars
Hydrogen fuel cells and hydrogen combustion, which Toyota has recently experimented with are one possibility. Toyota in particular has been skeptical of EVs (https://www.wsj.com/articles/toyotas-chief-says-electric-vehicles-are-overhyped-11608196665) and feels that ICE bans would make cars unattainable for most people.If the costs fall faster relative to EV cars, then hydrogen may very well prove to be the superior option.
This becomes even more paramount if the costs of batteries do indeed stop falling and newer battery chemistries are hard to come by.
- If EV costs do fall and H2 doesn't, EV will win except where energy density (Ex: in aviation) is critical
- Another possibility is the 2 exist side by side. https://www.spglobal.com/platts/en/market-insights/latest-news/metals/020421-bevs-hydrogen-fuel-cell-vehicles-to-complement-not-compete-in-medium-term
- If EV costs do stagnate and H2 falls, then H2 becomes dominant (this appears to be what Toyota expects)
- Which brings us to the last outcome, if neither falls, ICE will remain for longer than many hope
If neither H2 or EVs can match the costs, then ICE remains for a lot longer than many hope
This is a "bad" outcome as far as global warming goes, but it is a possibility.IF neither EVs nor hydrogen cars gets to the price point we need, it may be the end result.
Refer to my post earlier - most people will not tolerate the kind of bans necessary on vehicles.
https://www.reddit.com/RealTesla/comments/klkdjy/some_thoughts_about_why_you_need_to_be_skeptical/
In an electoral democracy, that makes it very challenging to address the issues of global warming and for a politician to be re-electable.
Even in an authoritarian nation, the government has to satisfy the needs to the people or else they will lose legitimacy as well.
Potential Consequences
I think that one possibility is that we might have no other choice than resort to geoengineering. It's not the outcome I wanted, but it might be given human nature the only real possibility.Other scientists have felt so as well:
- https://www.wired.com/story/more-scientists-now-think-geoengineering-may-be-essential/ (https://archive.ph/Yq2Kf)
- https://www.scientificamerican.com/article/solar-geoengineering-should-be-investigated-scientists-say/ (https://archive.ph/wip/zQnlA)
https://sustainabilitycommunity.springernature.com/posts/limiting-warming-to-2-c-requires-emissions-reductions-80-above-paris-agreement-targets
The question becomes is this politically possible in a democracy or even an authoritarian society? This would require a substantial loss in the living standards of most people that may not be politically feasible.
2 out of 3 Americans for example will not pay more than $10 a month in power bills to address global warming. Keep in mind that if EVs are to lower greenhouse gas emissions, it has to come from renewable sources of energy.
https://www.nbcnews.com/news/us-news/more-americans-believe-global-warming-they-won-t-pay-much-n962001
This has huge implications on the roll-out of renewable energy which tends to be intermittent. It's been suggested that changes in how we price electricity have to be made.
https://www.forbes.com/sites/brianmurray1/2019/06/17/the-paradox-of-declining-renewable-costs-and-rising-electricity-prices/?sh=e9bd78561d5b
I hope you understand the magnitude of the problems that we face. Is it even possible to operate an industrial civilization with this type of pricing? What sort of hedging will be needed for electricity costs?
It's for these reasons I think we may have to spend a lot of money on geoengineering, even if it carries enormous risks.
The other is that I've learned not to judge people as harshly as some might. Some people may judge very harshly Americans for not being willing to pay more costs for global warming for example.
https://www.vice.com/en/article/ev3dde/most-money-advice-is-worthless
I recently spoke with Linda Tirado, who wrote Hand to Mouth: Living in Bootstrap America, which details her experiences with (and misconceptions about) low-income life. Trying to align with the standard expectation of how to interact with your money when you’re low income, she tells me, is useless: “You are adapting to your circumstances, thinking in the short term. It would be maladaptive for a low wage worker to set even middle class financial goals. It doesn’t make sense to maintain a savings account if you can’t pay your rent.” Lots of recent research on the topic backs her viewpoint.The people in charge have built an economic system where too high a percentage of people are in such a precarious economic state.
As Tirado explains, "if you’re working low wages, the whole concept of saving and investing goes away because you don’t have the luxury of that long term; it’s hypothetical.”
I often ask myself: how come I’m working all the time, my body is breaking down, I’ve cut and tightened every way I can think of, and despite how much I’m sacrificing, I still can’t manage to make rent? It’s at this point that poor person brain blossoms: I’m still going to struggle whether or not I buy a bag of chips, so I might as well buy the chips. As Tirado puts it, “there’s no reason to put anything off for the long term if there is no long term that will be better than today.”
Buy the chips. Have you a good time, before your time is up. The immediate necessity for psychological survival negates the bogus narrative that you just have to work harder, and it’ll get better when you know it won’t.
It is "dumb" in a sense to not think longer term, but it also makes sense in a way as well. This inability to think longer term due to barely making ends meet (or not making ends meet at all due to poverty) also in my view explains the lack of prioritization of global warming.
With around 80% of the US living paycheck to paycheck pre-COVID (and possibly an even higher number now), that would explain the inability to plan longer term.
The people who judge most harshly their fellow citizens for not being willing to pay for global warming tend to themselves be upper middle class and economically secure.
Here is a very good article:
https://www.nytimes.com/2018/12/14/opinion/sunday/yellow-vest-protests-climate.html (https://archive.ph/CbarE)
At the risk of drifting off topic, I've become a very left wing person economically (I have been downvoted and called a Marxist on /canada), although quite right wing socially, but that reflects how I see the world now - I think that inequality has become one of the biggest obstacles for our world.
Today, EVs are a luxury vehicle for the upper middle class and rich.
If wages do not rise dramatically and/or EV costs do not fall, the risk is that they will remain that way. This is not a "good" outcome, but unless another technology (such as hydrogen) does save the day, we could be in very serious trouble.
EVs won't single-handedly save our world (after all aviation and other sources of carbon emissions exist), but either a transition to EV or H2 would be a step in the right direction.
https://ourworldindata.org/co2-emissions-from-transport
Also, we should bear in mind that all car manufacturing has lifecycle emissions. One reason why I focused on electricity was due to impacts on where electricity comes from.
https://www.carbonbrief.org/factcheck-how-electric-vehicles-help-to-tackle-climate-change
Hydrogen will still have a role to play even in this situation. Unless there are huge improvements in energy density, it is likely that for long range applications, EVs will not be suitable because they are too heavy.
https://en.wikipedia.org/wiki/Energy_density#/media/File:Energy_density.svg
Weight is a huge issue in areas like aviation, so hydrogen is a necessity.
Many EV owners don't actually care
Another big hypocrisy I've noticed is that many wealthy EV owners don't actually care about the environment or themselves are unwilling to make the sacrifices needed. I think that this should be judged more harshly than those living paycheck to paycheck in my opinion.In many ways, EVs have been a sort of "let's pretend to care" fraud of sorts that seems convincing to the casual observer for the wealthy.
What if nothing happens
The problem of course, is if our actions to address global warming are inadequate.The reason why there is an emphasis on 2 degrees is because past 2 degrees, the planet creates a feedback loop that worsens global warming (ex: there are large methane traps under Siberia and northern Canada for example, along with methane clathrates under our oceans).
The end result could be a Permian like extinction event. Most people know about the famous KT extinction event 65 million years ago that eradicated the dinosaurs. That was not the worst extinction in earth's history, which was the end Permian, which was caused by volcanic activity that resulted in a global warming event on a massive scale.
Final thoughts
A lot of people seem to think that the EV skeptics "want" EVs to fail.On the contrary, EVs failing is not at all a desirable outcome. I think Musk is a very unethical con artist, and should be brought to justice for his actions, but I do not wish for EVs as a whole to fail.
It's actually in our interests for both EVs and Hydrogen cars to be spectacularly successful. Hydrogen could also serve as an energy storage as well for intermittent renewable energy too.
However, I am also not ignorant as to the barriers that EVs will face. Hydrogen too faces its own challenges, but that's for another article. Even if successful, EVs cannot be save the world alone, Musk's claims aside.
The reason why I am in favor of pushing for geoengineering isn't because I want our efforts at global warming mitigation to fail - it's because I see no alternative given our political realities and because I'm aware of the danger if nothing happens.
2021.03.27 11:59 VideoGamesArt HISTORY OF VR CONSUMER ERA: NOT ONLY OCULUS - Reddit Edition
 | You can read the original article with videos and pictures HERE. submitted by VideoGamesArt to VideoGamesArt [link] [comments] Here it is just the text for Reddit users! https://preview.redd.it/rp8plwmayjp61.jpg?width=780&format=pjpg&auto=webp&s=5e9d16dadbfb97fc39b5ff375fa661bcc986af0d In the PREVIOUS CHAPTER we witnessed the acquisition of Oculus by facebook, the release of Rift DK2, Samsung Gear VR and Rift CV1, the competition with HTC Vive. We talked of the new Oculus/facebook business strategy aimed at mobile VR, social apps and users commercial profiling; once again we underlined the actual technological weakness of mobile VR. In the end we examined the perils of the social network “thing”: data mining and manipulation of information, especially in the realm of VR. In this chapter we are getting closer to the present. The book “The History of the Future” by B.J. Harris, articles and videos from the web and my direct experience are the main sources; I started to get personally involved in VR in the end of 2016. THE LUCKEY PALMER AFFAIR As I said in the first chapter, the story of Oculus is like a dark novel orbiting around greed! After the Oculus sale, Palmer was a really rich man, and, you know, too much money can make people crazy, especially if you are too young. When you are living for money you are living for nothing. People should live for their passions, their relationships, their work, their values, for improving themselves and building a better society and a better world. When you have too much money and you can buy everything you want, life becomes boring and empty if you have no other goals and values. I’m the most satisfied man in the world while teaching physics and educating new generations or while writing my articles, I’m doing what I like more and at the same time I’m trying to do something for improving me and the others; well, at least that’s what I hope. And I’m not the kind of self-righteous person that pretend to make the world a better place by connecting people through stupid social networks, while actually he is just speculating on privacy data, manipulating information and public opinion, applying aggressive anti-competitive behavior for preserving his richness and power. Btw, what kind of man Luckey Palmer was? Well, in the first chapter I presented Palmer as a smart talented young entrepreneur with a crucial role in the birth of the current consumer VR era. No doubt about this. However we usually tend to create myths, we tend to associate great men with great deeds. Well, it’s not the case in my opinion! Probably because of too much money at a young age, who knows. Let’s see a few facts reported on the book by Harris and other articles. Luckey never hid his passion for military things and U.S. Army; one day in January 2015 he drove a decommissioned military rocket launcher vehicle to work, in Menlo Park, the facebook headquarter, creating danger, scandal and confusion. The ultra-progressist Sylicon Valley is not the best place for such show! On september 2016 the Daily Beast revealed that Palmer had funded with $10000 the unofficial Donald Trump supporting group Nimble America; the group managed a subreddit dedicated to “shitposting” and “meme magic”, where it wasn’t rare to find anti-semitic, racist, white-suprematist. alt-right comments. It was Palmer himself who granted an interview to the newspaper, making clear that he was still speaking anonymously. It was Milo Yiannopoulos, Trump supporter close to the alt-right movement, to get Luckey in touch with the Daily Beast. Luckey, together with the founders of Nimble America, signed on reddit a call-to-the-arms post that is worth to read: I am a Nimble Rich Man [Luckey’s nick name on the subreddit]. I support Donald J Trump, and I need your help defeating Hillary Rodham Clinton through Nimble America. AMA America is the land of opportunity. I made the most of that opportunity. I am a member of the 0.001%. I started with nothing and worked my way to the top… You and I are the same. We know Hillary Clinton is corrupt, a warmonger, a freedom-stripper. Not the good kind you see dancing in bikinis on Independence Day, the bad kind that strips freedom from citizens and grants it to donors. Hillary Rodham Clinton is not just bought and paid for. Everyone around her is, too. The elite of the country know it. They don’t care. They know she is the candidate that will do what they want. I have supported Donald’s presidential ambitions for years. I encouraged him to run in the last election, but the overwhelming power, resources, and institutional advantages available to a sitting President made it almost impossible. If we allow the Clinton Dynasty to continue, the situation will be repeated. I reached out to the leaders of this community because I am doing everything I can to help make America great again. I have already donated significant funds to Nimble America, and will continue to do so. I need your help: For the next 48 hours, I will match your donations dollar for dollar. Donate ten dollars and I will match you by flying my jet a minute less. Donate a hundred and I will match you by skipping a glass of scotch. Donate a thousand and I will match by putting off the tire change on my car. Am I bragging? Will people be offended? Yes, but those people already hate Donald. They cannot stand to see successful people who are proud of their success. Let’s generate some success of our own. Make America great again with your meme magic, centipedes of The Donald! After the revelations of The Daily Beast a lot of developers and companies temporarily menaced to cancel their partnership with facebook unless Luckey stepped down. Many facebook employers and Palmer’s collegues were upset and showed intolerance to Luckey. Facebook executives pressured Palmer to publicily declare his support to Gary Johnson instead of Trump! The atmosphere at Menlo Park was too thick; upon suggestion of facebook executives, Luckey took a long break from work, trying to stay out of the media spotlight for quite a while. Mission impossible! He was called to testify at the ZeniMax trial and condemned for violation of the NDA (see previous chapter). On March 2017 Palmer left officially facebook, he was fired; The Wall Street Journal and other newspaper reported that it was fired because of the political controversy. Zuckerberg and facebook executives never revealed the official reasons. So, he was the one who had started the whole VR thing, together with Carmack, but he was fired from his own company, the company he had founded and sold to the “evil”, and he lost his work in the VR industry! As I told you, money is shit, the measurement unit for greed, and most of time doesn’t make people happy or better, but crazy and worse. The political involvement of Palmer with Republicans just after the Oculus sales was not casual in my opinion; it’s really a sad and dark story that in my opinion says everything about who really Luckey Palmer is. I limit myself to report the facts, I’m sure you’re good to make 2 + 2! In June, The New York Times revealed that Luckey was secretly building surveillance technology as part of a new startup. One application of the technology explored by Luckey’s startup was creating a “virtual” border wall between the US and Mexico by means of armed surveillance drones. In June 2017, Luckey co-founded the defense technology company Anduril, along with former Palantir Technologies executives Matt Grimm, Trae Stephens, and Brian Schimpf, and early Oculus employers Joe Chen and Chris Dycus. Anduril, like Palantir, is named after a magic sword from J. R. R. Tolkien’s fantasy novels. In March 2018, Anduril began a pilot program for the U.S. government to detect illegal immigrants attempting to enter Texas from Mexico; the program led to 55 attempted entrants being caught in its first 12 days in operation. In September 2020, Luckey announced through Twitter that Anduril was selected as one of the vendors for project Advanced Battle Management Systems (ABMS), a cutting-edge multi-billion dollar project by the US Air Force. In October 2020, Luckey hosted a fundraiser for Donald Trump at his home in Lido Isle, Newport Beach, with the president in attendance. Well, let’s say goodbye to Palmer and his sad dark story, at this point he exits the VR scene. Life and Career of Oculus founder (Business Insider) Btw, what about the other oculus guys? As you know Andrew Reisse died in 2013 in tragic circumstances (see the second chapter). Michael Antonov left facebook in september 2018; then he founded Formic Ventures, a venture capital firm that makes early stage investments in biotechnology startups focused on human longevity as well as technology startups and companies that, according to Antonov, make human lives better. Brendan Iribe left facebook in October 2018. Rumors say that his departure followed some internal shake-ups in the company that saw the cancellation of the next generation “Rift 2” PC-powered virtual reality headset, which Iribe had been leading development of. Iribe and the Facebook executive team had fundamentally “different views on the future of Oculus” that grew deeper over time, and Iribe wasn’t interested in a “race to the bottom” in terms of performance. Obviously he was referring to the mobile VR obsession and to the Quest 1 & 2 standalone headsets. Such rumors are confirmed by the book by Blake Harris and other tech magazines on the web; it was the same Iribe to express his disappointment in private conversations. Nate Mitchell left facebook in August 2019; in July 2020 he founded Mountaintop, a new game studio creating multiplayer games; they are working on their first IP but nothing has been revealed yet. What about John Carmack? He is one of the fathers of current VR consumer era and, paradoxically, the first one to start the “race to the bottom” because of his obsession for mobile gaming and in particular for mobile VR; an obsession driven by the greed to put the hands on the potential billions of users of the mobile market, no matter of the quality of VR (see the second chapter for details). He is still in good company with mr Z. at facebook as consulting CTO for Oculus division. The Oculus/facebook affair doesn’t end here! We’ll come back to Oculus in the next chapter. But now, let’s give a look at other companies joining the VR race. OSVR AND RAZER HMDs After facebook acquisition, many developers and manifacturers jumped in the VR race. While Oculus/facebook was betraying the open PC philosophy (see previous chapter), in 2014/2015 the gaming company Razer in partnership with Sensics decided to develop an open source VR platform called OSVR. It was meant to be the base for VR hardware, games and apps development from different companies. It would allow virtual reality developers to detect, configure and operate virtual reality devices across a wide range of operating systems, graphics engines and development tools. At start, the project was funded by different tech companies, like Leap Motion and Ubisoft. In the end 2015 Razer released its first VR headset called OSVR HDK 1 (hackers development kit); it was aimed at early VR developers, but, on the contrary of Oculus DK1&2, it was sold even to consumers. It was very similar to Oculus DK2, but it was cheaper. It was an open hardware: you could see the schematic, modify it and sell your own version! The HDK 2 model opened preorders in July 2016; it was meant as the competitor to Rift CV1 with a more affordable price, $400 against $600. However when Sony, HTC and Valve joined the VR race in 2016, it was clear that Razer could not sustain the competition. Valve integrated another open platform OpenVR in SteamVR; PSVR (see below) was very cheap and PS4 very widespread, with a rich VR games library; the Vive came with hand controllers and state-of-the-art tracking; Oculus launched the Touch controllers and offered a rich games library. On the contrary, still in 2017 OSVR had no hand controllers, few hardware was supported, and few games and apps were available. In 2018 Razer and Sensics and other early funders abandoned the project; Razer started to sustain another open platform, OpenXR. If you’re a developer or manufacturer, you can still enjoy the source code of OSVR and related hardware and software on GitHub, but the project is clearly abandoned. May the first open source headset rest in peace! Amen! A few open VR headsets projects are alive still today (Vis3R, Relativity, etc.), they try to replicate the Palmer&Co. adventure! But they cannot compete with the “beast” hardware from big companies, sorry! VR tech is very challenging and demands big money that only big companies can afford. Like Sony. SONY’S RUSH VR was not new to Sony, the japanese company had launched a few early VR headsets in the ’90s and at the beginning of the new millennium. In 2012 it tried to hire Palmer without success (see the first chapter), but was able to buy a few early Rift prototypes. Sony unveiled Project Morpheus, early code name for PSVR, at GDC 2014. PSVR was released two years later on October 13th 2016. If the Vive won the early VR competion thanks to tech innovation, PSVR smashed the competitors in terms of sales. It’s still today (March 2021) the most widespread VR headset. At the time it could rely on the wide base of PS4 users; adding just $400 (later just $350) to the $300 PS4 OG, they could enjoy the best early VR experiences. The quality/price ratio was high; don’t forget that consoles are machines optimized for gaming and can rely on an echosystem of games developed exclusively for their hardware. The early VR experiences on PSVR were on par with early VR experiences on mid/high-range gaming PC, but at less than half the price; Oculus Rift CV1 at start was sold at $600, mid/high-range VR-ready PC at $1000. PSVR and Rift CV1 shared similar features; they came both with frontal external camera for outside-in tracking; however Rift had an infrared camera (good), PSVR a visible light camera (bad). They were both shipped without hand controllers. Oculus Touch controllers came only in October 2017. Move controllers came from the PS3 era and were available since the release of PSVR, but not bundled; however they offer a limited experience because of the absence of thumbsticks. Visible light tracking of Move controllers is another big issue. Even Dualshock 4 controller can be tracked. Headset tracking is very good, but it suffers from a small drift you have to correct manually from time to time; Sony forgot to introduce internal magnetometer for auto-calibration or other auto-calibration routines. No manual adjustment of IPD. While Rift got rid of the external box with DK2 model in 2014, PSVR still needs to be linked to the external black box through a lot of cables. Apart from these defects, PSVR is a high quality headset. The Halo strap design is futuristic and super comfortable, coming with adjustable eye relief; PSVR mounts custom aspherical smooth lenses (not cheap Fresnel lenses) that even the best today headsets can only dream of! It came in 2016 with an AMOLED splitted panel granting very low SDE at resolution of 1080 lines. 5,7″ display, not pentile matrix as the competitors, but RGB stripe, that means bigger definition. Nominal PPI is 386 but it don’t take in account the sub-pixel arrangement. Max refresh rate at 120 Hz, not just 90 Hz as the competitors. Nominal diagonal FoV is 100°. Better global latency than Rift: 18 ms. One month after PSVR, Sony launched the PS4 PRO for 4K gaming and better performance in VR games. Obviously PSVR today is very aged, especially tracking and resolution, just as the PS4 hardware. VR headsets and controllers get old in two-three years on the today market. The limit of consoles is that you cannot update the hardware as you do on PC, you have to wait for the next gen model. The 8th generation of consoles lasted far too long, 7 years, because of the mid-gen refresh. But PSVR received not so many adavantages from PS4 PRO, the OG model was a bottleneck for games development. I think that Sony should have launched a new headset together with PS5 in the end of 2020, 4 years after the PSVR; on the contray, PSVR2 is expected in 2022, but 6 years are too many in terms of VR tech evolution. The Move controllers should have been replaced at least 3-4 years ago; the PS4 PRO could be a good reason for a mid-gen refresh of hand controllers. Today I can suggest PSVR only on second hand; but it is still worth the experience because of its first class library of Sony exclusive games giving honor to VR: RE7, Hitman 3, Here They Lie, Bound, Iron Man, Blood & Truth, Dreams, Wipeout, Farpoint, etc. etc. Plus all the third party games you can find even on PC with comparable quality. PC VR has just made a leap recently thanks to Half-Life Alyx (Valve, 2020), otherwise the console library is better. You want PCVR for the best graphic performance (but at very high price), for mods and for VR applications other than gaming (e.g. VR archviz, VR movies, VR theatre, VR concert, VR musuem, etc. etc.). Console VR is the best way for VR gaming to become mainstream (affordable) without losing too much quality, the best compromise; as I said in the previous chapter, today the right commercial strategy stays in the middle; not in the cheap but improbable and gimmicky mobile VR, not in the high-end but pricey PCVR; but in the affordable mid-range devices: consoles, mid-range PCs and mid-range headsets. It’s a pity that Xbox is not interested in VR for now. One thing is sure: let alone the tracking, PSVR + PS4 OG in 2021 is still more performant and better than standalone Quest 2 relying on XR2 Snapdragon chipset; games developed for XR2 are diminuitive experiences, especially because of the ugly graphics, the limited memory space and the limited processing power. The mobile chipset is an unacceptable bottleneck for games development. That’s the race to the bottom Iribe was referring to. If you would enjoy my speculations about PSVR2 see my post on reddit. Latest news: Sony unveils next-gen hand controllers! WINDOWS MIXED REALITY & HP REVERB G2 No one is surprised by the absence of Microsoft in this story? The Redmont colossus has been interested in AR, augmented reality, since 2010; that’s when the development of the smart glasses called Hololens started. The first model was released in the end of March 2016 and the second one in November 2019. Hololens 1 & 2 are not consumer devices, they are aimed just at enterprises and developers; that’s the reason why I’m not talking of them in this article focused on consumer VR and in particular VR gaming. They are based on the futuristic technology of holographic lenses. Hololens are AR devices, computer generated images are meant to mix with real world images. AR is so far more complicated and demanding than VR, it needs advanced holographic display technology, advanced AI software and very powerful hardware for photorealistic graphics and ultra-fast processing; otherwise you cannot mix real and virtual in a convincing way. Microsoft is aware that such technology is not yet mature, that’s the reason why there is no consumer edition yet. I appreciate that. They are not selling us a premature technology as the wonder of wonders. On the contrary Oculus/facebook is running a race to the bottom with premature standalone headsets, but they have the nerve to sell them as the wonder of wonders! Nevertheless I’m skeptic about the so called smart glasses even in the far future; I cannot see people wearing uncomfortable glasses or lenses in their daily routine. Maybe some professionals for specific applications, gamers for specific games, but not common people as daily habit. In my opinion they are not going to replace handy and comfy mini portable computers, today called smartphone. At most in the far future I can imagine “smartphones” projecting holograms in front of our eyes! In the next future I can see just more and more powerful “smartphones” with foldable double display! It’s weird, Microsoft focused on AR and almost neglected VR; but VR is the more affordable technological challenge in the spectrum of MR (mixed reality). VR is preparatory to AR, first you have to win the technological challenges offered by VR, then you can face AR. I know, you would think that hardware has just to render a small part od the field of view with CGI, it should be easier. Not at all, AR needs ultra-refined tracking technology and advanced interactive mechanics for user-CGI interaction, advanced AI algorithms for CGI-environment interaction, ultra realistic graphics for CGI-real reality visual matching, futuristic displays for merging CGI and real world images on retina. VR is so far easier, the first step in the MR tech challenge. Today Microsoft has by pure chance a marginal role in the current VR landscape. Windows Mixed Reality is a mixed reality platform introduced as part of Windows 10 for interfacing AVR devices and providing AVR applications. It was meant to support Hololens. However several OEMs as Lenovo, HP, Acer, Dell, Asus and even Samsung, traditionally partnering with Microsoft, were determined to enter the VR competition after the first successful steps by Oculus. In October 2016 they announced the release of a family of VR headsets relying on the WMR platform. Obviously such headsets had to conform to the peculiar software design of the platform, that was meant for Hololens devices. That’s the reason why WMR headsets came out with innovative room-scale inside-out tracking! HTC had been the first one to put a camera on the front of the Vive, but not for tracking; just for the security system Chaperone that warns users approaching physical barriers thanks to visual scanning of the environment. WMR introduced inside-out tracking of controllers and headset by mounting two cameras on the front of the headset; the devices are also equipped with IMUs. However the tracking system has three big issues: a) two cams positioned on the front of the headset are too few, the tracking volume is too small; b) cams detect visible light, instead of infrared light as the Rift CV1 external camera; that causes heavy interference with environmental light making the tracking flawed; c) predictive algorithms are not so efficient. In addition, quality of “christmas tree” hand controllers is questionable. Not by chance, after the initial disappointment, WMR headsets have been labeled as good headsets for racing and flight simulators, in general for seated games or non-gaming applications. The first batch of headsets was released between October 2017 and February 2018: Lenovo Explorer, Acer AH101, Dell Visor, HP WMR headset, Samsung Odyssey. Prices were affordable, between $400 and $500. In October 2018 Samsung released the Odyssey+, one of the most appreciated models: 1440 x 1600 per eye, AMOLED displays with anti-SDE, 90 Hz, 110° FoV, IPD manual adjustment, integrated audio headphones by AKG, Halo strap, removable cover, 600 gr, $500. In May 2019 HP launched the Reverb G1 with two displays (2160 X 2160 per eye) and 114° FoV at $600, followed by the Reverb G2 in the end of 2020. The latter has been developed with the support of Valve and Microsoft; it has two 2,89” 2160 x 2160 LED displays with RGB stripe and Pulse Backlight technology for better contrast, colors and blacks, refresh rate 90 Hz, FoV 114°, removable gasket, IPD manual adjustment, the same suspended audio speakers as Valve Index (see next chapter), custom aspherical Fresnel lenses courtesy of Valve, two front cameras and two side cameras for inside-out tracking with visible light, 550 g, 6 m cable, $600 (tracked hand controllers included). The HP Reverb G2 is actually the headset with the best definition so far (around 1050 PPI); at a reference distance of 1 inch displays have circa 25 PPD (average value). I don’t know the screen-lens distance, I cannot estabilish the real PPD. For better understanding such technical features I suggest you to read my complete guide for VR beginners. The pros of Reverb G2 : best definition ever (on the consumer market), very good audio, very comfortable and lightweight. The cons: tracking and compatibility. There is just one issue that can be ascribed to HP: cameras placement is not optimized for the biggest tracking volume. The rest is responsability of WMR platform implementing old visible light tracking system with not updated predictive algorithms. To say the truth the whole platform seems dismissed, not regularly updated and supported, with no appealing applications. You can have also compatibility issues with a few games. Microsoft seems to have no interest in the platform, no interest to compete on the VR consumer market, it’s just focused on Hololens and AR. Not by chance, Xbox has no dedicated VR headset, in opposition to its direct competitor Sony’s PlayStation. My suggestion is that HP and other manufacturers should rely just on SteamVR and OpenVR or create their own updated platform supporting inside-out tracking with infrared cameras and better controllers. However the Reverb G2 is a very good headset for the price, high definition and very good audio are great achievements for VR; if you’re used to PS Move tracking, in comparison G2 controllers tracking is good enough and enjoyable. G2 can completely rely on SteamVR, you have just to run WMR on the background. Complaints about FoV are unjustified, G2 FoV is on par with the current generation of headsets; interchangeable face cushion allows to find the solution most suited to you. Bigger FoV, as in Pimax headsets (see below), are not compatible with high definition; you cannot have both at the same time, unless to implement higher resolutions that today hardware cannot handle. I also heard complaints about the small sweet spot; again this is a problem of every current generation headset mounting Fresnel lenses; just like FoV, it depends on the shape of your face and your IPD, you can have better results by eventually changing the gasket and adjusting the IPD. So, if you’re addicted to VR graphics and 3D audio like me, G2 + powerful GPU + high end audio card is probably your best choice today (March 2021). This is what VR should be; it’s true that tracking is important for some games, especially if you’re a pro gamer, but not as much as graphics and audio rendering, the core of today VR. Remember that VR has to fool your perception with the best video and audio rendering for immersing you in coherent alternative realities; it’s true that you have also to act and move inside the virtual world, but for the “VR miracle” to succeed, you don’t need who knows what actions, gestures and movements. Many people find actual tracking interfaces (hand controllers) and gestures mechanics (mostly using hands) very immersion-killer, even when tracking works very well (e.g. lighthouse tracking); not by chance hand controllers usually come with sticks, triggers and keys and in the end you use them like traditional controllers the most of time! Many users prefer to use traditional gamepad in order to minimize actions and movements in the real world. Many experts think that the best immersion can be achieved through brain controlled interfaces, with no physical involvement at all! The interactive response to the simple will of moving and acting is the best way for granting the best immersion; all in all VR is a matter of brain perception! Otherwise, if you like sport games or games where you have to simulate realistic gestures, tracking of body and body elements (hands, arms, legs, etc,) through AI software is the best alternative to brain control; you need your hands, arms, legs, hip, etc. to be directely tracked by cams, even without sensors or gloves or whatsoever device; it’s a matter of AI software able to recognize movements of body and body elements through head-mounted cameras. Just like the hand tracking system of Oculus Quest 2 (see next chapter). However such technology is so far to be implemented in games yet. Hand controllers or gamepads are the standard today. PIMAX Pimax is a tech company founded in 2015, based in Shangai, China, with offices in San Jose, California. In 2016 they released their first product, the Pimax 4K HMD for PC. 4K is referred to the resolution of the single splitted display, 3840×2160 = 1920×2160 per eye, not properly 4K, so the label it’s a bit confusing. 806 PPI, refresh rate 60 Hz, latency 18 ms, Fresnel lenses 53 mm, FoV 110°, built-in 5.1 audio, no hand controllers, no positional tracking, just rotational tracking through IMUs, 320 g, around $300. I have no info about sub-pixels stripe of LCD panels or panel dimensions. Very hard to find info about this headset, it’s no more supported on the official Pimax website. I found just few sources. Since their first product, you can see the main feature of Pimax headsets: they are not well rounded, they have one or two astonishing specs to the detriment of the other specs. Here you have a 4K display with 806 PPI in 2016! Wow! The requested PC hardware was very very expensive at the time and there were no VR games taking advantages from such high resolution! However the higher the density of pixels the lower the SDE. On the other hand, you have just 60 Hz of refresh rate, that’s so far lower than the minimum requirement for acceptable VR experience (90 Hz). Timewarp algorithms can partly compensate, but they create artifacts and other visual defects. No positional tracking, no controllers, several compatibility issues. That’s Pimax! Hands on Pimax 4K HMD (VR World) Pimax launches 4K HMD (China Daily) At CES 2017 they unveiled the Pimax 8K and in autumn 2017 they launched the Kickstarter campaign. It ended with more than $4M funded! Wow! After many delays and several manufacturing issues, the Pimax 8K was shipped worldwide in 2019. 8K display? Are you kidding? Yes, they are kidding! That’s Pimax! :-) It’s not correct to refer to the number of pixels of both the two displays; you should refer to the resolution per eye. It comes with two separated displays, 3840×2160 per eye, so it’s 4K, not 8K. You may say: hardware has to render 2x4K pixels, so it’s 8K. Not properly! First of all there aren’t two indipendent rendering pipelines, one for each eye; that’s not as VR is working. There is just one monoscopic rendering pipeline, the image is transformed and adapted to the points of view of the two eyes only at the end of the pipeline. There is more. 8K in standard TV panels is meant to have 7680 × 4320 pixels, so you can see that the Pimax 8K is not 8K even if we sum the pixels of the two displays! Pimax 8K is a dual 4K headset. However the resolution is still outstanding; in comparison, Reverb G2 has just 2160×2160 pixels per eye. But there is a trick! In the originary model (8K with no other letters) the cable connecting PC to headset has a limited bandwith, it cannot light more than 2560×1440 pixels per eye at the same time, a sort of 2.5K resolution; so, resolution is upscaled to 4K inside the headset by replicating the pixels with questionable algorithms! Disappointing results! They solved the cable bandwidth issue with the updated model Pimax 8KX, released in 2020. At full 4K resolution, native refresh rate is limited to 75 Hz, again below the recommended value. For enjoying 90 Hz, you have to play in upscale mode (2560×1440). Recently Pimax updated the software; if you have a last gen GPU (e.g. series 3000) you can have 90 Hz with native dual 4K resolution. But it’s just a software trick. Pimax is specialized in software tricks, even more than Oculus, which introduced Time&Space-warp algorithms. Pimax developed a series of optimization algorithms called Brain-warp. What a fantasy! However the less the software tricks, the better the quality of vision and the whole experience. Today most expensive hardware can barely handle dual 4K in VR and there are no VR games taking advantage from such high resolution, so the most of time you would play in the upscale mode. You would say: ok, not a problem, at least with such high resolution I will have the best visual definition, quality and clarity ever. WRONG! They are crazy at Pimax, I said you! They mounted two very big LCD panels (5.7” per eye, around 800 PPI) and very big and thick Fresnel lenses; not yet satisfied, they tilted the two panels forming a V shape! Result: 200° diagonal FoV, 140°h 115°v! Crazy! I appreciate big FoVs but this is too much huge. Remember: Bigger screens + ticker lenses + bigger lenses + tilted panels = lower definition + lower clarity + higher peripheral distorsion + reduced stereoscopic area. End of the story, Reverb G2 has better definition, clarity and quality of vision (but smaller FoV)! You can choose different FoVs through the Pi-Tool (ex-Pi-Play), the proprietary app that allows for a lot of hackery! And you know? Most of users prefer to play with FoV lower than 200°!!! That’s Pimax! They are not able to produce well rounded devices! They flooded the market in a few years with a lot of models with similar specs and names causing a lot of confusion to consumers. No one of them is well rounded! You can mainly distinguish between 5K and 8K models. 5K translated from the “Pimax language” is 2560×1440 pixels per eye, a sort of dual 2.5K! Then you have a lot of sub-models with subtle differences in panels (OLED or LCD, RGB or PenTile stripe), resolution (horizontal resolution can change), refresh rates (some experimental 5K models reach 180 Hz!), etc. I’m not covering all the models. You know? They claimed that the original 8K model mounted LCD panels with RGB stripe, but they were clearly PenTile stripe (less definition)! It’s very difficult to find detailed specs of Pimax headsets, the official website show few info. That’s Pimax! Let me give you some more specs about the 8KX. Pimax claims to mount custom CLPL displays (customized low persistence liquid), LCD displays with RGB stripes and low latency; motion to photon latency 15 ms. Ok, this time it’s true, it’s RGB stripe! IPD manual adjustment 55-75 mm. Rotational tracking through IMUs, positional tracking through SteamVR base stations. No proprietary hand controllers; compatible with Vive and Index controllers. Rigid counterweighted strap with built-in speakers; but audio quality is low in comparison to G2 and Index. The bundle with 2 SteamVR base stations and hand controllers is about $1800. Optional modules: eye tracking, hand tracking. No info about weight. You have to bypass a lot of compatibility issues by doing a lot of hackery with the Pi-Tool. Not for everyone. The World first 8K VR HMD (Kickstarter campaign) ENDING THOUGHTS I cannot tackle every existing or existed device, sorry. You cannot find here products aimed at enterprises and professionals, like the StarVROne, the Varjo VR-3 or the XTAL. For historical reasons, let me mention on the fly the first pioneering headset implementing eye tracking and foveated rendering, the FOVE 0, by Japanese company Fove. Initially welcomed by a successful international kickstarter campaign in mid-2015, it shipped with extreme delay and after numerous refinements and retouches just in 2017. It was initially aimed at consumers, but in the end the Japanese company decided to sell it just to enterprises and professionals; it focused on medical applications, no gaming. The company is still alive, but it’s selling just in Japan. There are a lot of standalone headsets, especially on the asian market, like the PICO VR or the HTC Vive Focus, I’m not examining here. I’m going to talk of Oculus GO, Rift S, Oculus Quests, Valve Index, HTC Vive PRO and Cosmos in the next chapter. Stay tuned! |
2020.12.16 13:30 readingrachelx Housewife highlights/Daily shit talk - December 16th, 2020
NEW YORK
While appearing on an upcoming episode of The LadyGang on PodcastOne, Zarin revealed how she feels about the fight she had with her former friend. “She moved on away from me, and I was the girl who felt abandoned,” Zarin said while on the podcast. “I look back now and I was wrong. I was wrong, I had no right to be angry that she was moving on. I felt the way I felt, I can’t apologize for that. I felt that she was breaking up with me.”
Zarin continued, “I felt like she got a boyfriend, she got Jason, and she was leaving and didn’t want to bring me along for the ride. That was very clear, and I was very hurt by that. I think Bobby was right, which he always is, and he said, ‘What do you care, just let it go.’ But I was very locked into that, and I couldn’t see my way out. Now I see it differently and I can give advice on it, which is back off. Just back off and let her do her thing. When she comes around, she’s not your husband, she’s not the father of your children, she’s just another girlfriend in your life.”
Zarin also gave an update on the current status of her friendship with Frankel. “It depends on how you qualify ‘friends,'” Zarin said. “We are definitely in a better place than we were five years ago.”
Daniela De Los Rios alleges she took care of Jennifer Gilbert and Wall Street investor Bennett Egeth’s children while living in a spare room in their Tribeca house from Jan. 18, 2019 through Sept. 17, 2020 — only to discover a camera had been set up in her bedroom, her Manhattan Supreme Court lawsuit says.
De los Rios allegedly made the horrifying discovery on Aug. 26 when Egeth, 59, put his iPad down and she saw a live feed of her bedroom. This prompted her to look for a camera — and she discovered that a digital clock in her room “apparently concealed the secret video recording device, aimed at her bed,” the court papers, filed Tuesday, say.
De los Rios slept naked in the room and even had sex with her then-boyfriend there — all of which could be seen by the camera, the court documents claim.
“Unbeknownst to her, defendant Egeth watched her undress, enter her bed naked, and exit her bed naked in the morning, during those 600 consecutive days and nights,” the suit charges.
The discovery “horrified and traumatized” her, the court papers say.
De los Rios reported the situation to the cops, who arrested Egeth a few days later on Sept. 17, and seized his iPad, iPhone and Apple watch, the court papers say.
Prosecutors found 11 video clips of de los Rios on his iCloud account, the criminal complaint alleges.
Egeth was charged with unlawful surveillance, according to the complaint. His case is still pending, according to court records.
Gilbert, who appeared on season three of “RHONY,” has not been criminally charged. She told Page Six on Tuesday she has been separated from Egeth for seven years and divorced him this spring.
But immediately after Egeth’s arrest, de los Rios claims both parents began harassing her — despite cops warning them not to have any more contact with her, her court papers say.
“Defendants continued to berate her for calling the police and threatened: ‘Just let you know this won’t end up well!'” the court documents allege.
“Ignoring the instructions of the NYPD officers, Defendants have engaged in a campaign of harassment and intimidation against Ms. de los Rios that began moments after the arrest and NYPD officers’ instructions to Defendants not to contact her,” the suit claims.
De los Rios is seeking unspecified damages from the pair, and is asking a court to order any photos or videos of her to be turned over and for the parents to be barred from sharing them.
Egeth’s criminal defense attorney, David Touger, said, “We have not seen the civil case yet but assuming the content is the same as the criminal charges, we deny all allegations.”
POTOMAC
“Real Housewives of Potomac” star Gizelle Bryant caught the full wrath of co-star Monique Samuels during Sunday night’s Season 5 reunion, as Samuels accused Bryant of sticking her nose in others’ relationships while not having her own house in order.
According to Samuels, Bryant — who claims to have reconciled with ex-husband, Pastor Jamal Bryant — is being cheated on by the man of God, reading text messages she was allegedly sent from a woman minister claiming to have dated Pastor Bryant during his on-screen reconciliation with Gizelle.
Pouring salt on the wound, Samuels read the phone number attached to the damning text messages aloud, leading Gizelle, 50, to confirm it was Jamal’s, whom Monique dubbed, “Pastor Holy Whore.”
While fans are calling it one of the greatest “Real Housewives” reads of all time, Pastor Bryant is shrugging off the matter, responding with a cryptic Instagram message imploring his followers to remain unbothered.
“Give no energy to anything that doesn’t add to your joy, align with your purpose or pay any of your bills!” he captioned the post of a man sitting under running water while enjoying a meal. “Be at peace!”
Jamal and Gizelle married in 2002, splitting in 2009 due to Jamal’s several extramarital affairs. Gizelle announced their reconciliation in the beginning of Season 5."
ORANGE COUNTY
"Braunwyn Windham-Burke supports mental health awareness, but she is denying that she was placed under a 5150 psychiatric hold.
Windham-Burke, 43, spoke out against the allegation recently made by her “Real Housewives of Orange County” co-star Kelly Dodd in a series of tweets.
While some of her tweets regarding Windham-Burke remain on Dodd’s account, she deleted one that read, “I am not going to be blamed for her mental disorders, alcoholism, cheating, violence, & her children being depressed. She’s been in a 5150 hold.”
In a video posted to her Instagram Story, Windham-Burke said, “Good morning. So once again, I’m waking up, reading some stuff and honestly, there’s certain people I work with that I’m shocked how much they get away with. How many lies they’re allowed to tell — how it seems like nothing really happens.”
“I just want to clear something up. I’ve never been on a 5150 hold,” she continued. “That’s a lie. Not that there’s anything wrong with that. You know, when I needed help 10 years ago, I checked myself in. So that’s a different situation. But, 5150 holds are good for people who need them. There’s no shame in that. There’s no shame in mental health issues.”
A 5150-5155 hold is defined by California state law as “when a person, as a result of a mental health disorder, is a danger to others, or to himself or herself, or gravely disabled, a peace officer, professional person in charge of a facility designated by the county for evaluation and treatment, member of the attending staff, as defined by regulation, of a facility designated by the county for evaluation and treatment, designated members of a mobile crisis team, or professional person designated by the county may, upon probable cause, take, or cause to be taken, the person into custody for a period of up to 72 hours for assessment, evaluation, and crisis intervention, or placement for evaluation and treatment in a facility designated by the county for evaluation and treatment and approved by the State Department of Health Care Services.”
Windham-Burke then promoted that she started holding Zoom calls to discuss mental health and offer support to others.
Dodd, 45, also tweeted-and-deleted a reference to “Real Housewives of Beverly Hills” star Taylor Armstrong accusing her husband, Russell Armstrong, of abuse in early seasons of the show, writing: “Haven’t they learned anything from Taylor Armstrong’s late husband? Clean up your own house. Get help. Stop blaming others.”
Russell killed himself on August 15, 2011, one month after Taylor filed for divorce after an incident where he fractured her orbital floor and she had to undergo reconstructive surgery on her right eye. Russell was allegedly distraught over how Bravo had portrayed him on the show when he hung himself, and Taylor exited the series after Season 3 (2012-2013).
Taylor accused Russell of abusing her on multiple occasions, with the cast even staging an intervention of sorts to discuss the situation.
Dodd and Windham-Burke have been at odds after Dodd claimed the mom of seven’s sobriety was for a storyline. Windham-Burke revealed that she is an alcoholic in the first episode of Season 15 of “RHOC,” which is currently airing.
In the most recent episode, she confessed to physically abusing her husband, Sean Burke.
In real-time, she came out earlier this month and said she was in a lesbian relationship with a woman named Kris.
It appears that Windham-Burke is not on good terms with her other co-stars either, as she recently told a fan on social media that Tamra Judge “has been the only person from ‘RHOC’ that has been there” for her.
She proclaimed, “She knew I was sober and kept it to herself, she knew we were struggling with our daughters mental health issues and listened, she got me through a day that was so hard I was physically shaking. Whatever you think you know, you don’t.”
"She used to cause dust-ups but now she just wants to clean up the mess.
Former “Real Housewives of Orange County” star Tamra Judge told Page Six Style she’s hoping to receive an iRobot Roomba (models start at $399.99) for Christmas this year, so she doesn’t have to worry as much about dust.
“Since we’ve been home most of the year, I’ve discovered how easily my house gets dirty,” she said. “It would be so nice to turn that thing on and not worry about vacuuming again!”
Judge, 53, seems to be the queen of the practical present, as she also said her favorite gift to give out during the holidays is an electric milk steamer like Sayeso’s ($38.88), so her closest friends and family can jazz up their coffee drinks and hot chocolates.
“Coffee is more important than ever since it’s so easy to get stuck in a lazy cycle,” she told us.
To offset the caffeine, Judge will be stuffing stockings with the Full Spectrum CBD Bites ($49.95) from her Vena line.
“We all could use more relaxation this year!” she quipped."
MEET THE STARS
The Property Power-Player
One big surprise about The Real Housewives Of Jersey is that the women featured are a mature group — five are in their 50s.
They are led by 58-year old socialite Margaret Thompson, also known as Jersey's Queen of Property, who deals in some of the island's most elite homes, costing up to £25 million.
The Glaswegian-born divorcee, who arrived on the island as a penniless 18-year-old to work in hospitality, bagged one of the best beach-front homes to live in herself.
The stunning property, converted from a restaurant, features a huge pool and vast terrace, dubbed the best in Jersey. It's here that she hosts her annual party, which is one of the highlights of the social season and where all seven women come together in episode one.
The Charity Fundraiser
Another colourful character is Margaret's best friend Kate Taylor, 52, originally from Cleethorpes — 'a philanthropist' who made a name for herself on the social circuit, organising charity balls.
She and her former partner used to run one of the hubs of the island's social life, The Royal Yacht Hotel.
However, she is now in the middle of a messy divorce.
Wooed By A (Married) Hedge Fund Manager
After two failed marriages and 14 years as a single mother, Jane Rayner, 56, is determined to make up for lost time.
Six years ago at a charity event, Jane had the good fortune to meet her fiance, Andy, a hedge fund manager. The tone for their relationship was set on their second date, when he flew her away for a weekend in Ibiza.
The couple are seen in the series house-hunting for their first marital home together — the only problem being that, though long separated, Andy's not yet divorced from his previous wife.
The ex hasn't seen the programme yet, says Jane, but it's a fair guess that she may not want to hear Jane's story of how she was once chased down the beach by an admirer convinced she was Cameron Diaz.
Former Lingerie Model
Another new-ish arrival is Mia Ledbury, 44, an Australian-born former underwear model.
She met her banker husband Dan, who works for a hedge fund, when she worked on the front desk of his company.
The couple, who have two young daughters, uprooted from London's Chelsea to Jersey five years ago to enjoy the laidback beach lifestyle.
The Supermum
Jersey's self-styled answer to Kardashian matriarch Kris Jenner is mother of four and 'mom-ager' Tessa Hartmann, 50, a PR guru, and founder of another one of the island's key social events, The Jersey Style Awards.
In 2016 she was made a CBE for her contribution to fashion and textiles.
She is also mother to four children, including singer Tallia Storm, 22, who has sung with Elton John and dated Brooklyn Beckham.
Baby of the Bunch
At 31, Ashley Cairney is the youngest of the group and the only Jersey-born-and-bred Real Housewife.
A mum to two young sons, she is married to her childhood sweetheart, Ben, whom she met at 17.
The Daredevil
Twice-divorced Hedi Green, 57, is the action woman of the pack.
A competitive skydiver for the past 18 years, she also tours the island in Pussy Galore-style leathers on her Royal Enfield motorbike.
A natural health practitioner, she owns three health clinics and is such a firm believer in cannabis oil that each morning she gives her 18-year-old dog Milo a drop on his dog biscuit to keep him youthful.
RANKLED RESIDENTS
The series is yet to air, but already there's just as much bitching off‑screen as there will, no doubt, be on.
One critic, historian and former local politician Alastair Layzell, said in the summer, when news of the series got out: 'My sense over the years is that people have come here to take part in the community and keep a low profile. I'm not sure those people would want to be part of a series like this.'
In a letter to the Jersey Evening Post, resident Mike Keeping raged: 'The thought of a local group of mindless, self-obsessed women with egos as high as the stratosphere representing this island does not bear contemplation.'
However Gary Burgess, a respected journalist and local celebrity on Jersey, says for most locals, the series will be 'like Marmite'. Having seen some of the first episodes, he says: 'There are the people who absolutely love the rubbernecking glory of being able to see inside the lives of the ladies who lunch. Then there are the people on the other side of the divide, saying they'd rather stick pins in their eyes.
'One of their frustrations is that The Real Housewives do not really represent Jersey, because there is poverty here, too. The average wage is similar to the UK's, and the cost of living here is higher.
'For the aspirational 1 per cent, it may be how they live their lives sometimes, and then only on their best days.'
AN ISLAND APART
Though it is part of the British Isles, Jersey is far closer to France than to the UK. It is a British crown dependency, which means it is internationally represented and defended by the UK government but it governs itself and has its own laws and elected parliament. For example, it was only in February that lawmakers approved scrapping a rule that prevented women from filing taxes under their own name.
Many more vestiges of ancient laws are still on the statute books, including one that men are not allowed to knit during harvest-time (which dates back to the 17th century, when it became so well-paid that many preferred it to working in the fields).
The very low number of Covid-19 cases on the island this summer meant that there were few barriers to filming The Real Housewives. A production insider says: 'We had the original lockdown like the UK. But when we came out of it, we had nothing like the restrictions you had on the mainland.' But they added that the latest government guidelines and necessary Covid protocols were followed at all times during filming.
MEGA-RICH HAVEN
For decades, Jersey has been a haven, famous not just for its beautiful beaches and dairy cows, but also once seen as an offshore financial centre for the super-rich to enjoy and preserve their wealth away from prying eyes and the punishing tax rules of mainland Britain.
Government diktats mean most well-off incomers need to earn a minimum of £750,000 a year and have the cash to afford a house worth more than £1.75 million in order to move to the island.
An impossible dream for most, but small fry for the richest tier of Jersey residents, who regard having a private jet as no more unusual than an extra car and think nothing of sailing to France on their yacht for a spot of lunch.
MOD-CON MANSIONS
Jersey is home to some of the most extravagant homes in the British Isles, some of which look more like they should be nestling in the Hollywood Hills rather than overlooking the English Channel.
Many are purpose-built to meet the exacting specifications of uber-wealthy owners, such as Simon Nixon, the billionaire co-founder of Moneysupermarket.com.
He has replaced a pink 1930s home that cost £3.6 million, overlooking St Brelade's Bay in Jersey, with an imposing modern mansion with all mod cons.
The series gives glimpses of two of the most sumptuous homes for sale to the super-rich set.
Currently on the market for £25 million is new-build Eden House, which has all the specifications top-end buyers expect. It includes both an indoor and outdoor pool, hot tub and steam room, as well as a 100-metre-square kitchen with an Aga, and a party room designed to make the most of the spectacular sea views.
Or, for £13 million, there's Le Val Lodge, which has a 14 metre-long infinity pool, Jacuzzi, pool house and tennis court.
As the most discreet A-listers prefer to entertain at home, large entertaining spaces and wine cellars are a must-have.
Other desirable properties include Le Mont de Rozel, St Martin, on sale for £18 million. With stunning views over the picture-postcard fishing port at Rozel Bay, the house has a private pathway to the cove below.
There are six reception rooms, seven bedrooms and parking for ten cars, so there's plenty of space for visitors to come and enjoy the infinity pool with sun terrace and sunken alfresco seating, the entertainment complex and gym.
The closest thing you'll get to Downton Abbey on the island is Le Chemin Des Moulins, St Helier, now on sale for £12 million.
This eight-bedroom stately home's interior was designed by Lady Henrietta Spencer-Churchill, and it comes with a lake and fountain, as well as a swimming pool.
However if it's privacy you want, La Rue Des Aix, St Peter, has a quarter-mile-long driveway, one of the longest on the island.
The £7.5 million seven-bedroom property is spread over 15,000 sq ft, with a separate two-bedroom guest and staff suite. As well as a swimming pool, there's also an orangery, home cinema and gym, all set on 12 acres of land."
submitted by readingrachelx to RHDiscussion [link] [comments]
- Jill Zarin Dishes on Her Fight With Bethenny Frankel (The LadyGang on PodcastOne/heavy.)
While appearing on an upcoming episode of The LadyGang on PodcastOne, Zarin revealed how she feels about the fight she had with her former friend. “She moved on away from me, and I was the girl who felt abandoned,” Zarin said while on the podcast. “I look back now and I was wrong. I was wrong, I had no right to be angry that she was moving on. I felt the way I felt, I can’t apologize for that. I felt that she was breaking up with me.”
Zarin continued, “I felt like she got a boyfriend, she got Jason, and she was leaving and didn’t want to bring me along for the ride. That was very clear, and I was very hurt by that. I think Bobby was right, which he always is, and he said, ‘What do you care, just let it go.’ But I was very locked into that, and I couldn’t see my way out. Now I see it differently and I can give advice on it, which is back off. Just back off and let her do her thing. When she comes around, she’s not your husband, she’s not the father of your children, she’s just another girlfriend in your life.”
Zarin also gave an update on the current status of her friendship with Frankel. “It depends on how you qualify ‘friends,'” Zarin said. “We are definitely in a better place than we were five years ago.”
- Throwback: Carole tells Andy he's FOS (Queens of Bravo Twitter)
- ‘RHONY’ friend’s husband secretly recorded au pair having sex, nude: suit (Page Six)
Daniela De Los Rios alleges she took care of Jennifer Gilbert and Wall Street investor Bennett Egeth’s children while living in a spare room in their Tribeca house from Jan. 18, 2019 through Sept. 17, 2020 — only to discover a camera had been set up in her bedroom, her Manhattan Supreme Court lawsuit says.
De los Rios allegedly made the horrifying discovery on Aug. 26 when Egeth, 59, put his iPad down and she saw a live feed of her bedroom. This prompted her to look for a camera — and she discovered that a digital clock in her room “apparently concealed the secret video recording device, aimed at her bed,” the court papers, filed Tuesday, say.
De los Rios slept naked in the room and even had sex with her then-boyfriend there — all of which could be seen by the camera, the court documents claim.
“Unbeknownst to her, defendant Egeth watched her undress, enter her bed naked, and exit her bed naked in the morning, during those 600 consecutive days and nights,” the suit charges.
The discovery “horrified and traumatized” her, the court papers say.
De los Rios reported the situation to the cops, who arrested Egeth a few days later on Sept. 17, and seized his iPad, iPhone and Apple watch, the court papers say.
Prosecutors found 11 video clips of de los Rios on his iCloud account, the criminal complaint alleges.
Egeth was charged with unlawful surveillance, according to the complaint. His case is still pending, according to court records.
Gilbert, who appeared on season three of “RHONY,” has not been criminally charged. She told Page Six on Tuesday she has been separated from Egeth for seven years and divorced him this spring.
But immediately after Egeth’s arrest, de los Rios claims both parents began harassing her — despite cops warning them not to have any more contact with her, her court papers say.
“Defendants continued to berate her for calling the police and threatened: ‘Just let you know this won’t end up well!'” the court documents allege.
“Ignoring the instructions of the NYPD officers, Defendants have engaged in a campaign of harassment and intimidation against Ms. de los Rios that began moments after the arrest and NYPD officers’ instructions to Defendants not to contact her,” the suit claims.
De los Rios is seeking unspecified damages from the pair, and is asking a court to order any photos or videos of her to be turned over and for the parents to be barred from sharing them.
Egeth’s criminal defense attorney, David Touger, said, “We have not seen the civil case yet but assuming the content is the same as the criminal charges, we deny all allegations.”
POTOMAC
“Real Housewives of Potomac” star Gizelle Bryant caught the full wrath of co-star Monique Samuels during Sunday night’s Season 5 reunion, as Samuels accused Bryant of sticking her nose in others’ relationships while not having her own house in order.
According to Samuels, Bryant — who claims to have reconciled with ex-husband, Pastor Jamal Bryant — is being cheated on by the man of God, reading text messages she was allegedly sent from a woman minister claiming to have dated Pastor Bryant during his on-screen reconciliation with Gizelle.
Pouring salt on the wound, Samuels read the phone number attached to the damning text messages aloud, leading Gizelle, 50, to confirm it was Jamal’s, whom Monique dubbed, “Pastor Holy Whore.”
While fans are calling it one of the greatest “Real Housewives” reads of all time, Pastor Bryant is shrugging off the matter, responding with a cryptic Instagram message imploring his followers to remain unbothered.
“Give no energy to anything that doesn’t add to your joy, align with your purpose or pay any of your bills!” he captioned the post of a man sitting under running water while enjoying a meal. “Be at peace!”
Jamal and Gizelle married in 2002, splitting in 2009 due to Jamal’s several extramarital affairs. Gizelle announced their reconciliation in the beginning of Season 5."
ORANGE COUNTY
"Braunwyn Windham-Burke supports mental health awareness, but she is denying that she was placed under a 5150 psychiatric hold.
Windham-Burke, 43, spoke out against the allegation recently made by her “Real Housewives of Orange County” co-star Kelly Dodd in a series of tweets.
While some of her tweets regarding Windham-Burke remain on Dodd’s account, she deleted one that read, “I am not going to be blamed for her mental disorders, alcoholism, cheating, violence, & her children being depressed. She’s been in a 5150 hold.”
In a video posted to her Instagram Story, Windham-Burke said, “Good morning. So once again, I’m waking up, reading some stuff and honestly, there’s certain people I work with that I’m shocked how much they get away with. How many lies they’re allowed to tell — how it seems like nothing really happens.”
“I just want to clear something up. I’ve never been on a 5150 hold,” she continued. “That’s a lie. Not that there’s anything wrong with that. You know, when I needed help 10 years ago, I checked myself in. So that’s a different situation. But, 5150 holds are good for people who need them. There’s no shame in that. There’s no shame in mental health issues.”
A 5150-5155 hold is defined by California state law as “when a person, as a result of a mental health disorder, is a danger to others, or to himself or herself, or gravely disabled, a peace officer, professional person in charge of a facility designated by the county for evaluation and treatment, member of the attending staff, as defined by regulation, of a facility designated by the county for evaluation and treatment, designated members of a mobile crisis team, or professional person designated by the county may, upon probable cause, take, or cause to be taken, the person into custody for a period of up to 72 hours for assessment, evaluation, and crisis intervention, or placement for evaluation and treatment in a facility designated by the county for evaluation and treatment and approved by the State Department of Health Care Services.”
Windham-Burke then promoted that she started holding Zoom calls to discuss mental health and offer support to others.
Dodd, 45, also tweeted-and-deleted a reference to “Real Housewives of Beverly Hills” star Taylor Armstrong accusing her husband, Russell Armstrong, of abuse in early seasons of the show, writing: “Haven’t they learned anything from Taylor Armstrong’s late husband? Clean up your own house. Get help. Stop blaming others.”
Russell killed himself on August 15, 2011, one month after Taylor filed for divorce after an incident where he fractured her orbital floor and she had to undergo reconstructive surgery on her right eye. Russell was allegedly distraught over how Bravo had portrayed him on the show when he hung himself, and Taylor exited the series after Season 3 (2012-2013).
Taylor accused Russell of abusing her on multiple occasions, with the cast even staging an intervention of sorts to discuss the situation.
Dodd and Windham-Burke have been at odds after Dodd claimed the mom of seven’s sobriety was for a storyline. Windham-Burke revealed that she is an alcoholic in the first episode of Season 15 of “RHOC,” which is currently airing.
In the most recent episode, she confessed to physically abusing her husband, Sean Burke.
In real-time, she came out earlier this month and said she was in a lesbian relationship with a woman named Kris.
It appears that Windham-Burke is not on good terms with her other co-stars either, as she recently told a fan on social media that Tamra Judge “has been the only person from ‘RHOC’ that has been there” for her.
She proclaimed, “She knew I was sober and kept it to herself, she knew we were struggling with our daughters mental health issues and listened, she got me through a day that was so hard I was physically shaking. Whatever you think you know, you don’t.”
"She used to cause dust-ups but now she just wants to clean up the mess.
Former “Real Housewives of Orange County” star Tamra Judge told Page Six Style she’s hoping to receive an iRobot Roomba (models start at $399.99) for Christmas this year, so she doesn’t have to worry as much about dust.
“Since we’ve been home most of the year, I’ve discovered how easily my house gets dirty,” she said. “It would be so nice to turn that thing on and not worry about vacuuming again!”
Judge, 53, seems to be the queen of the practical present, as she also said her favorite gift to give out during the holidays is an electric milk steamer like Sayeso’s ($38.88), so her closest friends and family can jazz up their coffee drinks and hot chocolates.
“Coffee is more important than ever since it’s so easy to get stuck in a lazy cycle,” she told us.
To offset the caffeine, Judge will be stuffing stockings with the Full Spectrum CBD Bites ($49.95) from her Vena line.
“We all could use more relaxation this year!” she quipped."
- Throwback: Vicki getting caught on the trunk of a van (Queens of Bravo Twitter)
- Melissa Gorga’s Montville home of 12 years has officially sold (Melissa Gorga Instagram/realhousewivesfranchise Instagram)
- Preview of Atlanta s13e3 (Queens of Bravo Twitter)
MEET THE STARS
The Property Power-Player
One big surprise about The Real Housewives Of Jersey is that the women featured are a mature group — five are in their 50s.
They are led by 58-year old socialite Margaret Thompson, also known as Jersey's Queen of Property, who deals in some of the island's most elite homes, costing up to £25 million.
The Glaswegian-born divorcee, who arrived on the island as a penniless 18-year-old to work in hospitality, bagged one of the best beach-front homes to live in herself.
The stunning property, converted from a restaurant, features a huge pool and vast terrace, dubbed the best in Jersey. It's here that she hosts her annual party, which is one of the highlights of the social season and where all seven women come together in episode one.
The Charity Fundraiser
Another colourful character is Margaret's best friend Kate Taylor, 52, originally from Cleethorpes — 'a philanthropist' who made a name for herself on the social circuit, organising charity balls.
She and her former partner used to run one of the hubs of the island's social life, The Royal Yacht Hotel.
However, she is now in the middle of a messy divorce.
Wooed By A (Married) Hedge Fund Manager
After two failed marriages and 14 years as a single mother, Jane Rayner, 56, is determined to make up for lost time.
Six years ago at a charity event, Jane had the good fortune to meet her fiance, Andy, a hedge fund manager. The tone for their relationship was set on their second date, when he flew her away for a weekend in Ibiza.
The couple are seen in the series house-hunting for their first marital home together — the only problem being that, though long separated, Andy's not yet divorced from his previous wife.
The ex hasn't seen the programme yet, says Jane, but it's a fair guess that she may not want to hear Jane's story of how she was once chased down the beach by an admirer convinced she was Cameron Diaz.
Former Lingerie Model
Another new-ish arrival is Mia Ledbury, 44, an Australian-born former underwear model.
She met her banker husband Dan, who works for a hedge fund, when she worked on the front desk of his company.
The couple, who have two young daughters, uprooted from London's Chelsea to Jersey five years ago to enjoy the laidback beach lifestyle.
The Supermum
Jersey's self-styled answer to Kardashian matriarch Kris Jenner is mother of four and 'mom-ager' Tessa Hartmann, 50, a PR guru, and founder of another one of the island's key social events, The Jersey Style Awards.
In 2016 she was made a CBE for her contribution to fashion and textiles.
She is also mother to four children, including singer Tallia Storm, 22, who has sung with Elton John and dated Brooklyn Beckham.
Baby of the Bunch
At 31, Ashley Cairney is the youngest of the group and the only Jersey-born-and-bred Real Housewife.
A mum to two young sons, she is married to her childhood sweetheart, Ben, whom she met at 17.
The Daredevil
Twice-divorced Hedi Green, 57, is the action woman of the pack.
A competitive skydiver for the past 18 years, she also tours the island in Pussy Galore-style leathers on her Royal Enfield motorbike.
A natural health practitioner, she owns three health clinics and is such a firm believer in cannabis oil that each morning she gives her 18-year-old dog Milo a drop on his dog biscuit to keep him youthful.
RANKLED RESIDENTS
The series is yet to air, but already there's just as much bitching off‑screen as there will, no doubt, be on.
One critic, historian and former local politician Alastair Layzell, said in the summer, when news of the series got out: 'My sense over the years is that people have come here to take part in the community and keep a low profile. I'm not sure those people would want to be part of a series like this.'
In a letter to the Jersey Evening Post, resident Mike Keeping raged: 'The thought of a local group of mindless, self-obsessed women with egos as high as the stratosphere representing this island does not bear contemplation.'
However Gary Burgess, a respected journalist and local celebrity on Jersey, says for most locals, the series will be 'like Marmite'. Having seen some of the first episodes, he says: 'There are the people who absolutely love the rubbernecking glory of being able to see inside the lives of the ladies who lunch. Then there are the people on the other side of the divide, saying they'd rather stick pins in their eyes.
'One of their frustrations is that The Real Housewives do not really represent Jersey, because there is poverty here, too. The average wage is similar to the UK's, and the cost of living here is higher.
'For the aspirational 1 per cent, it may be how they live their lives sometimes, and then only on their best days.'
AN ISLAND APART
Though it is part of the British Isles, Jersey is far closer to France than to the UK. It is a British crown dependency, which means it is internationally represented and defended by the UK government but it governs itself and has its own laws and elected parliament. For example, it was only in February that lawmakers approved scrapping a rule that prevented women from filing taxes under their own name.
Many more vestiges of ancient laws are still on the statute books, including one that men are not allowed to knit during harvest-time (which dates back to the 17th century, when it became so well-paid that many preferred it to working in the fields).
The very low number of Covid-19 cases on the island this summer meant that there were few barriers to filming The Real Housewives. A production insider says: 'We had the original lockdown like the UK. But when we came out of it, we had nothing like the restrictions you had on the mainland.' But they added that the latest government guidelines and necessary Covid protocols were followed at all times during filming.
MEGA-RICH HAVEN
For decades, Jersey has been a haven, famous not just for its beautiful beaches and dairy cows, but also once seen as an offshore financial centre for the super-rich to enjoy and preserve their wealth away from prying eyes and the punishing tax rules of mainland Britain.
Government diktats mean most well-off incomers need to earn a minimum of £750,000 a year and have the cash to afford a house worth more than £1.75 million in order to move to the island.
An impossible dream for most, but small fry for the richest tier of Jersey residents, who regard having a private jet as no more unusual than an extra car and think nothing of sailing to France on their yacht for a spot of lunch.
MOD-CON MANSIONS
Jersey is home to some of the most extravagant homes in the British Isles, some of which look more like they should be nestling in the Hollywood Hills rather than overlooking the English Channel.
Many are purpose-built to meet the exacting specifications of uber-wealthy owners, such as Simon Nixon, the billionaire co-founder of Moneysupermarket.com.
He has replaced a pink 1930s home that cost £3.6 million, overlooking St Brelade's Bay in Jersey, with an imposing modern mansion with all mod cons.
The series gives glimpses of two of the most sumptuous homes for sale to the super-rich set.
Currently on the market for £25 million is new-build Eden House, which has all the specifications top-end buyers expect. It includes both an indoor and outdoor pool, hot tub and steam room, as well as a 100-metre-square kitchen with an Aga, and a party room designed to make the most of the spectacular sea views.
Or, for £13 million, there's Le Val Lodge, which has a 14 metre-long infinity pool, Jacuzzi, pool house and tennis court.
As the most discreet A-listers prefer to entertain at home, large entertaining spaces and wine cellars are a must-have.
Other desirable properties include Le Mont de Rozel, St Martin, on sale for £18 million. With stunning views over the picture-postcard fishing port at Rozel Bay, the house has a private pathway to the cove below.
There are six reception rooms, seven bedrooms and parking for ten cars, so there's plenty of space for visitors to come and enjoy the infinity pool with sun terrace and sunken alfresco seating, the entertainment complex and gym.
The closest thing you'll get to Downton Abbey on the island is Le Chemin Des Moulins, St Helier, now on sale for £12 million.
This eight-bedroom stately home's interior was designed by Lady Henrietta Spencer-Churchill, and it comes with a lake and fountain, as well as a swimming pool.
However if it's privacy you want, La Rue Des Aix, St Peter, has a quarter-mile-long driveway, one of the longest on the island.
The £7.5 million seven-bedroom property is spread over 15,000 sq ft, with a separate two-bedroom guest and staff suite. As well as a swimming pool, there's also an orangery, home cinema and gym, all set on 12 acres of land."