Alex Roose

Australia housing is f*****. Australia’s property crisis isn’t just about bricks and mortgages, it’s a slow chokehold on the future. Young couples stare at $1.5 million shoeboxes and ask: kids? How? Daycare’s $500 a week, a second rent disguised as ‘care,’ while wages limp and rents climb faster than hope. You’re lucky to earn $80k, but the bank says ‘not enough’, so you wait, and wait, and maybe give up. The biological clock ticks louder than ever, but the market doesn’t care. Earn 200k? Good luck, maybe you get a 2 bed unit with parking. Then there’s the commute. Affordable homes, if you can call them that, push you 60, 80, 100 kilometers out. Two hours each way, five days a week, stealing time from kids you can’t afford to have anyway. You’re not living; you’re surviving a treadmill powered by property greed. Meanwhile, the lower class camps in bushland or crams six to a room, and the middle class, once the backbone, shrinks into a ghost story. Construction stalls, approvals tank, and politicians peddle 2030 fairy tales while prices soar past reason. I love that we have people educating Australian's at how bad this is, with great content creators like @punterspolitix and @BikoKonstantin1 calling out this BS. This isn’t a housing shortage, it’s a class purge. The rich hoard equity, the rest scramble for scraps, and the ‘Australian Dream’ turns into a privilege for the few. Who builds a society when the foundation’s priced out? When daycare costs more than a uni degree used to, and a home means a lifetime of debt or exile? We’re not just losing roofs, we’re losing a generation, a culture, a shot at something better.

@shaggyrax @IntersectMBO LFG shaggy doing some great work unpacking this crap

Ok kicking me out of the Budget Committee Telegram was the last straw; I’ve thrown my application for Budget Committee of @IntersectMBO into the race 🫡 #EnoughIsEnough I promise I’ll stop the blind waste. I may not be able to shut the money faucet off entirely, but I’ll be sure to raise alarm at any waste I cannot prevent. No more 🗣️

@NaVi_GaT0R It’s funny reading this as someone who has purchased Fireblocks multiple times for companies. You can’t do business with FB without a clear, commercial contract. Especially with a project on Cardano.

@northfaceog @NaVi_GaT0R The right to do what?

@Alexroose99 @NaVi_GaT0R You have the right to do so. Do you want a pat on the back?

It is sad that racism, slander and false statements are supported. Yet genuine questions, are deemed FUD or drama Is this what we want in our ecosystem & governance?

@blockjock2017 @SundaeSwap @liqwidfinance @strikeperps @MinswapDEX The challenge is that you need the capital to do it. I doubt any of them have that opportunity right now given market conditions :/

I understand why most individuals wont put liquidity into stable/stable pools like @SundaeSwap V3 simply because of the very low yield you receive, whats interesting to me is why large dapps like @liqwidfinance @strikeperps and large dexs like @MinswapDEX and @SundaeSwap wouldn’t invest in the thing they generate most of their revenue from. Maybe I misunderstand mkt dynamics and reinvestment into what makes you $$, would love a reply from anyone with a successful dapp here on what they are doing and also why they are not.

@eddie_d123 @ElderM Yep, I get. From our end, intent based systems are very well known across chain, it’s not for Cardano. For instance, Thorchain does a good job with some of the visual charts and explanations they do for intent based, same for layer zero. We got some work to do here.

@Alexroose99 @ElderM Also want to say I have no hard feelings towards you Alex, just had a recent bad experience with another member of your team that REALLY rubbed me the wrong way. I was reciprocating the same energy but that’s unfair to you

Update on Novaswap/Mynth. To their credit, they reached out. It was a difficult conversation that I wont go into all the details about, but this is probably the most fair representation of what we discussed that I can come up with. Mynth/Novaswap does not use Cardano contracts. They have their own separate network that uses on chain addresses to perform actions across chains. Outside of that, they made claims to working with projects, and because I have close relationships with these projects I reached out and could not verify the relationship. They also claimed that they shouldnt need Cardano contracts since they are not a Cardano protocol. I asked why they thought this when other cross-chain protocols (ie Wanchain) use them and received no answer. As I mentioned before, there are potentially good explanations for why a protocol doesn't use contracts. This could be one of them. I still see this as red flags, but theres still no direct evidence of this being bad or malicious. Stay safe out there.

@ElderM @eddie_d123 Okay, I guess when you phrase it like that, I can understand your perspective more. I do think this got more heated than usual, perhaps because we all misunderstood each other. Let me digest this, I’ll bring it up in our team meeting and I’ll take what’s been discussed onboard

Hold on, whether I decide to use the product or not doesnt matter. Theres a lot of products I endorse because they are built on solid principles, they make sense, and I'm happy to recommend to people even if its not a great fit for me. When I see something in the Cardano ecosystem that seems suspicious, I feel obligated to at least ask how it works. You seemed to have an issue with that (in this instance, previous instances have been cordial). I was honestly surprised at your response this time around. Again, Robert was Robert. Whatever.

@ElderM @eddie_d123 This is also the fundamental reason why I have stopped investing in Cardano projects. Cardano developers and community are not supportive or open minded. They are hostile, aggressive and don’t want anyone to succeed. With over 20 seed investments, Cardano is the only on issue.

@ElderM @eddie_d123 I only became hostile when you made it clear you don’t even intend on using the product. I’m a business man, why am I wasting precious time and energy on folks who genuinely have no interest in my product? When multiple people pulling us to expand on the product and are excited?

@eddie_d123 @ElderM Did you not read the thread? We answered the questions once we understood it. Elder provided an interesting perspective and we can now understand the confusion, and now we will add that extra documentation to clarify it, particularly on the Cardano side

@Alexroose99 @ElderM I’ll re-iterate, you just have to answer the questions, which you still refuse to do Your playbook: Block, lie, misdirect, private conversations When ur ready to take ur project seriously, other people will too Until then, Godspeed

@NaVi_GaT0R It will be from entities. I explored this with Immutable, we had to commit at least $50M. Maybe different rules now days, but for sure it’s not outside capital.

Over 10 million $USDCx minted in the last 1h Let's hope this is outside capital coming in. If the pace continues I will be proven wrong - hopefully I'm wrong x.com/NaVi_GaT0R/sta…

@eddie_d123 @ElderM I’ll re-iterate, no customers have had any issues, we have an open discord, my calendar is always open to chat and walk through anything. Based on our chat with Elder, we will make some changes to the documents to explain the smart contract side more. Although niche to Cardano

@Alexroose99 @ElderM It’s simple Alex, your team’s actions speak louder than words We just want ***evidence*** of things working the way you say they do Instead we get blocked, lied to, and misdirected I’m sorry you always have to play PR guy But it’s time to back it up or back off

@ElderM So to confirm, the only confusion / clarity is not how intent based swaps work from Mynth but specifically in the instance where a Cardano intent base swap occurs?

I dont think Ive said anytbing incorrect or would contradict our conversation. Again, not trying to FUD. Sure, Wanchain is one example of a protocol. Its a bridge. That doesnt matter. The point is that the way it integrates into Cardano is through a smart contract. None of the information you provided me explained why there was no smart contract on the Cardano side. Ive said in multiple posts that there are other mechanisms I can think of why this might not be the case. Nothing in our conversation justified having no contracts. Nothing in your docs justify have no contracts. There is a hand wavy justification that you have a completely separate mechanism for intents, which is fine but doesnt explain how the integration secures funds on the Cardano side. If your explanation is that you have an intents based system where the Cardano integration is a multisig, find. Im technical enough to be able to understand a technical explanation of how it works. No one provided an explanation. To reiterate again, I dont think this means youre doing anything wrong, but it raises red flags.

@ElderM @shaggyrax You had to repeat the question because the question didn’t make sense, the documents highlighted it and we couldn’t work out where you were confused. Again, I offered to fund a wallet for you to use the product and give constructive feedback.

@Alexroose99 @shaggyrax The circles we went in: I asked how does it work and why is there no contract. This was followed by Robert asking me what my question was. Repeat that 5 times in a row. There was still no explanation for why there is no contract on the Cardano side.

@shaggyrax @ElderM Ofc man always down to chat and catch up with folks just ping me and we can find some time

@Alexroose99 @ElderM I’d love to catch up with you sometime and learn a bit more about the intent swaps idea nd how it’s implemented Forgive my lack of understanding here sir

@shaggyrax @ElderM Shaggy I’ll give you the TLDR - it was all well documented and we went in circles around a key point that could have been answered if we understand the question better. Intent based swaps require a different type of build. Anyone that know about intents understands why.

@ElderM Well put. Interesting turn of events. Personally I held lots of mynth usd over over the years, even paid some music fam with it. Never had a problem. But I will refrain from engaging with them till this is addressed

@ESCOweb3 @ElderM But again this is all wild fud. The token was launched as air drop, it had no TGE. The IDO was to help support cross chain activities and get pools going for swaps. You can see team wallets, it’s all documented and transparent. My wallet is literally called Roosey…

@ElderM here, i’m done with this but i remember doing some work on this during my “activist” days. 😂👇🏾

@eddie_d123 @ElderM My man, the document literally explaines the process and why it’s built in that way. When doing intent based swaps it works very differently. I would strongly suggest to have a glance at how the process works and again if you have any specific questions I’m happy to answer

@Alexroose99 @ElderM This doesn’t explain what is being talked about in this comment thread. Why does the smart contract address look like a normal address, a process that differs from every other protocol on Cardano?

Mynth has been advertising their new product, NovaSwap. It does not build a transaction for you to sign. Instead it requests you send funds to an address. The address is not a smart contract. As stated in my previous post, I am not accusing them of anything. It is suspicious.

@eddie_d123 @ElderM I’m not sure I understand this. It’s all well documented and it seemed like miss communication around how we build smart contracts. I did gather some interesting Insights on other things to include to clarify the process to make it easier to understand.

@ElderM 1. Release a v cool product 2. Provide zero docs/*evidence* on how it works 3. Block peeps who ask questions abt it 4. Lie that you answered their questions 5. Non-team member (you) has to provide info from PMs 6. Team STILL have not provided evidence or comms Don’t trust…😔