Posts about Cardano
Hello everyone,
Welcome to the Cardano Daily Discussion!
The standard sub rules apply here (see sidebar), with the exception that price discussion is allowed in this thread, though we encourage you to try not to make this the focus and talk about the project itself. Please ask questions, help others and be civil - be sure to get involved in Project Catalyst too!
If you're new, please make sure you're read through the newbies guide and share it with others (use the ?newbies comment command to reference it).
Please read the Cybersecurity guidelines for Cardano Users.
There are ongoing giveaway scams on youtube and many scammers lurking in Cardano's social channels impersonating ambassadors/moderators/official staff contacting users via direct messages.
For example, searching 'cardano' on youtube and sorting by most recent upload date shows several giveaway scams running (all videos in screenshot are scams):
The youtube scams are automated; use stolen footage usually of Charles Hoskinson and are restreamed so to appear to be 'live'; appear to have many watchers (which are bots); use bought hacked channels and are edited to appear like official channels.
See this post for more examples of what they look like
Do not be fooled!
To be clear:
⚠️ There is no such thing as a Cardano giveaway
⚠️ Never share your seed phrase with ANYONE
⚠️ Never send ADA to someone promising to send you more ADA back
⚠️ You will never be contacted by ambassadors/moderators/staff
Please report scams on the Cardano Fraud Detection Bureau.
In anticipation of Input Output's new data protection blockchain 'Midnight', I've managed to acquire r/Midnight through some negotiation and repurpose it for the Cardano Community (the sub was created for a card game back in 2011 but was mostly unused).
I decided to do this as I thought the project will eventually need a home on reddit and best to setup now before any scammers do. Obviously there's not much to post about on there right now as it's early days as the project is yet to be released, but if you'd like to be kept up to date on the project please feel free to join the new subreddit if the project interests you and I'll be sure to post updates as and when they become available.
Right now the sub is mostly a carbon copy of r/cardano, I've copied most of the automod and rules over, so certain aspects may seem a little incongruent atm, but I'll tailor and tweak the sub as we go. Feel free to send me or post any input if you want stuff to change.
Cheers all
SEC lawsuits have no effect on the growth of active wallets, the number of Cardano stakers, and DeFi summer. In the last 3 days, the number of stakers has risen by more than 500. The number of wallets has increased by 6,000. DeFi is heading for a new ATH in terms of ADA.
https://i.redd.it/9lqenq9i0r4b1.jpg
The SEC has filed a lawsuit against Binance and its CEO Changpeng Zhao. The lawsuit is extensive and, among other things, alleges that the ADA is a security. The SEC's activity can be seen as an attack on the freedom of citizens and an effort to prevent the development of modern technologies that have the potential to change the world for the better. The good news is that Cardano is a decentralized network. Each of the 1.3M ADA stakers is involved in decentralizing Cardano along with 3,000 SPOs around the world. The SEC can't stop Cardano and is very likely wrong in thinking that the ADA is security. Cardano is not just a protocol, but a movement fighting for ideals and freedom. This can't be stopped by a court decision.
The hundreds of Catalyst-funded teams are no less official than the IOG, Cardano Foundation, and Emurgo. Every private key in the stakers' wallets is a key to freedom and keeping Cardano running. Cardano is not just a protocol, but a collective effort of the entire community, which is why the ADA cannot be classified as a security.
This article was prepared by Cardanians with support from Cexplorer.
Read the article: https://cexplorer.io/article/sec-attacks-freedom-but-the-cardano-community-builds-on