Purple Lurker

3.3K posts

Purple Lurker

Purple Lurker

@Bigthingsacomin

I am a person with opinions on twitter.

Katılım Ekim 2021
454 Takip Edilen220 Takipçiler
Purple Lurker
Purple Lurker@Bigthingsacomin·
@chepurnoy @ergo_platform Lora and the emerging mesh technologies are a natural fit for crypto tools that are unstoppable. They should be explored and demonstrated
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Purple Lurker
Purple Lurker@Bigthingsacomin·
@blinklabs_io Theres a paradox at play here, scaling will allow fast cheap bulk transactions but will relocate activity away from the L1. L1 transactions will need to increase massively to create sustainability. Currently, what value does ADA need to be for SPO's to be profitable?
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Blink Labs
Blink Labs@blinklabs_io·
How many transactions can the Cardano network handle and is this enough for the network to sustain itself? Without the infrastructure for scaling in place, we cannot win. It's simple math. The network cannot support enough transactions for profitability, yet. No "app" fixes this.
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Purple Lurker
Purple Lurker@Bigthingsacomin·
@JaromirTesar @MinswapIntern community voted influencers should get a 6-12 month budget. A large portion of ADA is placed in a frankenaddress so the influencer controls staking and gets rewards (but cant touch the capitol). at the end of term the capitol is returned to the treasury or extended.
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Matt Scheff 🐍 ᛤ
Matt Scheff 🐍 ᛤ@scheff_matt·
@IagonOfficial basically just confirmed massive incoming revenue completely unrelated to the price of any asset. Holders can mark themselves safe from bear market collapse concerns. Miles ahead. $IAG
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KtorZ
KtorZ@_KtorZ_·
Situation: You (customer): have Ada (or any native assets) Merchant: Accepts Bitcoin lightning as payment solution, knows nothing about Cardano or ADA. You're buying something, merchant shows you a lightning invoice as a QR code, you scan it with your phone and pay with ADA. The merchant receives BTC. Everyone's happy.
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KtorZ
KtorZ@_KtorZ_·
Cardano buidlers love stickers it seems. Been busy routing ADA -> Lightning payments all day.
KtorZ tweet media
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Purple Lurker
Purple Lurker@Bigthingsacomin·
@HMResearchX @IagonOfficial @IOHK_Charles Iagon isn't really a financial product so it makes sense that customers and participants can access their services with whatever token they have. Under the hood it can still use Cardano's security
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Hard Money Research
Hard Money Research@HMResearchX·
I don’t think @IagonOfficial going chain agnostic is a jab at Cardano. Using Cardano as the security layer makes a ton of sense, but there are problems with liquidity and users here It’s probably because like @IOHK_Charles said we havent invested in the people of the ecosystem
⛏️Dr. Navjit Dhaliwal@NaVi_GaT0R

@bohx2 We will be chain agnostic in the future. We have said it before. We still believe that Cardano USP of security and reliability is important for Iagon.

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Purple Lurker
Purple Lurker@Bigthingsacomin·
@NaVi_GaT0R @ItsDave_ADA @adamKDean @yutazzz There are lots of good ideas like this for the founding entities to add liquidity and support the ecosystem that should have been happening for years now. I am of the opinion that behind the scenes nobody has the balls to deal with the regulation headache - weak.
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Angry Crypto Show
Angry Crypto Show@angrycryptoshow·
JUST IN: 🇺🇸 CFTC Chairman Michael Selig says "I expect in the coming months to have a bill on the President's desk for his signature. I do expect in the next couple months to get this thing across the line."
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Cardano YOD₳
Cardano YOD₳@JaromirTesar·
@lorenzoxbt @matiwinnetou I agree with that. Many people have heard of DJED but don't even know that it's a stablecoin, how it works, etc. It's enough to have "USD" in the name to make it more understandable for users.
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matiwinnetou
matiwinnetou@matiwinnetou·
I am very happy of this but still I don't quite can wrap my head around why DJED has not been an industry standard by now (not only on Cardano). Its like we moved away from original goal posts on which this industry was build on, or am I missing something?
Cardano YOD₳@JaromirTesar

USDC might be better for Cardano than USDCx, but it’s certainly a good start. USDC is a fiat-backed stablecoin that is widely recognized, liquid, and supported across wallets, exchanges, and protocols. It’s natively issued on over 30 blockchains (mostly EVM chains) with a supply of $70B. USDCx is a derivative/wrapper of USDC. USDCx is a Circle-issued, 1:1 USDC-backed variant that enables USDC functionality on chains where canonical USDC is not yet available, such as Cardano. USDCx incorporates ZK proofs for banking-level privacy in transactions, shielding details while remaining compliant. Standard USDC lacks this built-in privacy. USDC is globally understood and adopted. It is the second most widely used stablecoin after USDT (with a supply of $185B). USDCx will require extra explanation to users and extra steps for integration. It may be more difficult to bootstrap liquidity. USDCx does not require third-party bridges for deployment on Cardano. It's directly backed 1:1 by USDC reserves held in Circle's xReserve smart contracts. xReserve is a protocol deployed and managed by Circle. USDCx will be a Cardano Native Token but functions as a 1:1 representation of USDC. The great thing is that, unlike some USDC implementations, USDCx cannot be frozen by Circle, aligning with Cardano's principles. USDCx isn't widely listed on CEXs yet, so direct deposits and withdrawals might be limited. Moreover, support for CNTs is also limited. However, it will be possible to hold USDCx on Cardano and deposit USDC on CEXs through a web application (or perhaps wallet integration) that will convert USDCx to USDC in the background. It will work in one click. If I understand correctly, minting will be done by users depositing USDC into the xReserve contract on the source chain. This triggers minting of an equivalent amount of USDCx on Cardano via Circle's attestation service. Burning and redemption will be done analogously. First, USDCx is burned on Cardano. Then xReserve releases the backing USDC on the source chain after verification. For the record, the supply overview of Cardano stablecoins: - USDM: 14.4M - USDA: 11.7M The success of the USDCx integration will depend primarily on liquidity. The active proposal requesting 50M ADA to inject stablecoins into Cardano DeFi should consider USDCx. The team should probably ask the community and DReps which stablecoin they want to support. Given the current low price of ADA, it is necessary to think about how many stablecoins to support. I estimate that currently, only about $10M worth of stablecoins could be minted. Market conditions may change. This is a challenge. I am glad that Pentad delivered. The specific terms of the agreement have not been disclosed, so I do not know whether native USDC could have been delivered or whether USDCx represents the most feasible option. Congratulations to the Pentad team on this deal.

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Purple Lurker
Purple Lurker@Bigthingsacomin·
@zygomeb I used to fix red light therapy lamps, humans treat it like some powerful magic. Meanwhile a campfire pumps out 100 times as much light in the same wavelength and we casually stare directly at it for hours on end. Its better for you in every dimension.
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zygomeb
zygomeb@zygomeb·
Peatards be like "much chicken lamp!!! My red light therapy!!!" and skip the beat in going to chop some wood and make a campfire like a real man
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Purple Lurker
Purple Lurker@Bigthingsacomin·
@AdvocateAda looked up prices for refurbished ones, Blackhawks go for approx 5 mill so.. a bazillion ADA
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₳DA_ ₳dvocate
₳DA_ ₳dvocate@AdvocateAda·
How much ADA does a Blackhawk helicopter fetch? Asking for a friend
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Purple Lurker
Purple Lurker@Bigthingsacomin·
@ItsDave_ADA A suite of free to use audited and marketed contracts that emulate basic banking and security/ trading actions open for direct use by any dapp (or technical user) providing at least minimal functionality for use in difficult environments.
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Dave
Dave@ItsDave_ADA·
What do you want, as ADA holders, from Cardano in 2026? Intrigued to know the general thoughts no matter what it is.
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Purple Lurker
Purple Lurker@Bigthingsacomin·
@InputEndorsers It would be nice to see some marketing (signalling) coming from @circle itself to signal to the broader markets that the cardano eco is legit.
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decypher
decypher@decypher_xyz·
@lorenzoxbt Yes, it’s great - but not as great as native integration. It seems, however, that Circle is doing this for mostly non-EVM chains, so we have to accept it’s where we stand right now I will say though: bullish!
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Lorenzo
Lorenzo@lorenzoxbt·
Been reading the Circle xReserve website, as far as I understand it: USDCx is USDC on Cardano, being 1:1 backed. You lock USDC, and the same value is minted on Cardano as USDCx When you want out, you burn USDCx and get back real USDC through Circle xReserve webapp Bullish?
Lorenzo tweet media
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Saint
Saint@UtxoSaint·
@Steph_iscrypto lol what ever tf does it mean.... What have we come to. All stupid nonsense blabber is now headlines.... and BREAKING news... SMH!
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STEPH IS CRYPTO
STEPH IS CRYPTO@Steph_iscrypto·
💥BREAKING: 🇺🇸 COINBASE CEO BRIAN ARMSTRONG SAYS “EXPECT MAJOR PROGRESS IN 2026.”
STEPH IS CRYPTO tweet media
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Purple Lurker
Purple Lurker@Bigthingsacomin·
@UtxoSaint yea, the idea that bitcoin will always win (which may be true) has attracted a lot of grifters that spout nonsense and think they are vindicated every time price moves up. It's seen as a low risk way to appear prophetic.
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Saint
Saint@UtxoSaint·
Ever noticed all so called "BTC OGs" (aka shills) are like pretty much morons talking only about price predictions which sound ridiculous!! Not saying one or some of them might one day luckily turn out to be true. But mfrs want the world to take this space seriously as they keep making stupid, meaningless price predictions... Almost whoever is seen or considered an OG now is basically a top class clown 🤡.
Trending Bitcoin@TrendingBitcoin

ARTHUR HAYES: Bitcoin is going to $3.4 million by 2028.

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Saint
Saint@UtxoSaint·
@CoinDesk Charles is born in the wrong country. Pretty much any legislation in America works on bribery which we call “lobbying”. Yes it shouldn’t but that’s how it always worked.
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CoinDesk
CoinDesk@CoinDesk·
Charles Hoskinson: Crypto legislation shouldn’t require bribery or million-dollar campaign checks. “This is for the American people and the 55 million who hold crypto.”
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