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Musings

Governance matters…

Charles summed this up perfectly a while back: “Cardano is leading the entire cryptocurrency industry in this. Bitcoin and Ethereum the other two big guys, they’ve recused themselves. They’ve said we don’t want to do on-chain governance. In the case of Bitcoin, it’s anarchy. Great, they can’t change. Which means they have to live with…

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Musings

SEC enforcement actions

You are likely aware of the recent enforcement actions by the U.S. Securities and Exchange Commission against Binance U.S. and Coinbase. These actions state the exchanges have been selling Securities and are not licensed to do so. Examples of Securities as stated by the SEC include ADA along with a number of other leading cryptocurrencies.…

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Musings

Contingent Staking and Schelling Fences

There’s been a lot of talk in recent days about a proposal for Contingent Staking (CS) which could be implemented on Cardano to enable SPO’s to set conditions that delegators must meet, such as their nationality. This could technically implemented by using DIDs, necessary metadata and a multi-sig transaction for delegation. This proposal has caused…

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Cardano Native Tokens

A recent article by Emurgo reminded us that there is a massive strength that Cardano has that is somewhat unremarked on and under appreciated; Native Tokens. Unlike all other Blockchains using Smart Contracts to create layer 2 tokens, such as Ethereum which uses the ERC-20 standard for fungible tokens, Cardano allows for Tokens to be…

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Market turbulence

You will likely have seen news over the last few days on the collapse of FTX, the exchange led by Sam Bankman-Fried and the sister company Alameda which was essentially their trading arm. This high profile collapse follows hot on the heels of Terra/Luna (Do Kwon), and Celsius (Alex Mashinsky) and has had similar negative…