Eureka Street Creative Podcast

Episode 146 - Welcome back to the village! Now here’s some money.

Good morning!  In this episode I end up talking alot about 0xSifu and how he was welcomed back to the Wonderland community after being expelled several months ago.  Not only was he welcomed back, but he got a proposal passed to pump $25 million into his project Sifu Vision that he launched while in exile.  Sifu Vision uses the $SIFU token to track the portfolio of 0xSifu.  There's not much more to it.  Regardless of the past of 0xSifu, he knows how to make money, so those who trust in this will buy the SIFU token.  It appears that Wonderland community has trust in this as well.

 

Sources:

https://sifu.vision/

 

https://www.theblock.co/post/155433/wonderland-passes-vote-to-invest-25-million-in-sifu-vision?utm_source=twitter&utm_medium=social

 

https://sablier.finance/

 

 

Episode 145 - web3, blockchain, and crypto - separate and together

Good morning! This morning I explore a meme I found on LinkedIn that showed a Venn Diagram composed of web3, crypto, and blockchain. The meme was meant to visualize the three separate entities that are yet blended together. A holy trinity of sorts. With people making distinctions between web3 and web 3.0, I thought this meme was interesting; especially when you throw AI and iOT in there. I would be interested to hear your thoughts on these things!

Sources:

https://www.linkedin.com/feed/update/urn:li:activity:6949622866598391808/

https://thenextweb.com/news/web-inventor-tim-berners-lee-screw-web3-my-decentralized-internet-doesnt-need-blockchain

https://inrupt.com/solid/

https://www.spiceworks.com/tech/it-strategy/news/web-three-dystopian-nightmare-future/

https://www.w3.org/

 

Episode 144 - Web3 or Web 3.0 - What does it matter?

Good morning!  This morning I woke up at 5:30 am with the burning desire to explain the differences between web3 and web 3.0 and some of the history and function of both (said noone ever).  Well that's exactly what I do in this episode, except it is not some organized survey of both.  It is, rather, a crash-up-derby of an event with topics, questions, and answers all over the place.  Have fun listening and making sense of it all!

 

Sources:

https://www.reworked.co/information-management/why-web3-and-web-30-are-not-the-same/

 

https://www.spiceworks.com/tech/it-strategy/news/web-three-dystopian-nightmare-future/

 

https://en.wikipedia.org/wiki/Semantic_Web

 

https://thenextweb.com/news/web-inventor-tim-berners-lee-screw-web3-my-decentralized-internet-doesnt-need-blockchain

 

https://twobithistory.org/2018/05/27/semantic-web.html

 

https://www.youtube.com/watch?v=V6BR9DrmUQA

 

Episode 143 - Is Coinbase doomed to fail or is this an undercover buying opp?

Good morning!  This episode ended up being mainly about Coinbase.  Goldman Sachs slapped a "Sell" rating on $COIN.  Is Coinbase doomed to slide into insolvency with this downward crypto draft we are having?  Is all of this manipulated by the institutional investors to kick out the amateurs and bring in the big players with regulatory certainty?  Will Goldman Sachs knock down the price of Coinbase and come in an come in and scoop it up cheaply later? Binance seems to be gaining BTC activity while Coinbase is proportionally losing it.  Coinbase seems to be in big trouble.  However...

Mastercard has just adopted crypto into it's system and is calling Coinbase the place "designed to make crypto more accessible and help the NFT ecosystem keep growing, innovating and bringing in more fans."  

So which one is it?  What are your thoughts?  Either way, now is not the time to be letting your money sit on centralized exchanges.  Get your crypto off exchanges and into private wallets!

 

Sources:

https://twitter.com/BTC_Archive/status/1541723806124883969

 

https://twitter.com/LitecoinNow/status/1539956864133332992

 

https://coinmarketcap.com/alexandria/article/coinbase-stock-slapped-with-sell-rating-by-goldman-sachs

 

https://www.mastercard.com/news/perspectives/2022/simple-nft-purchasing-on-nft-marketplaces/

 

Episode 142 - Is old dawg Bancor DEX teetering on death spiral now too?

Good morning! This morning I go through a CryptoSlate article that coevrs the current issue of Bancor freezing their impermanent loss protection service. This service, along with their tempting rewards are why many people jumped participating into Bancor's DEX LP's in the first place. Two of these participants are most likeley Celsius and 3AC who are going through a death spiral themselves. Their death spiral is possibly causing havoc on Bancor's liquidity along with an anonymous large shorter of the BNT token. Bancor is shutting off deposits and pausing impermanent loss protection while they strategize how to best resolve the situation. Is this all a shell game or an honest and ethical pause? You decide for yourself!

Sources:

https://cryptoslate.com/whats-going-on-with-bancor/

https://twitter.com/hasufl/status/1538774433359441920?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1538774433359441920%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptoslate.com%2Fwhats-going-on-with-bancor%2F

https://home.bancor.network/ https://blog.bancor.network/?gi=744b99dc45ce

 

Episode 141 - Celsius under investigation - What is Parity Substrate and how does Polkadot use it?

****Note: I said Ford S10. I meant Chevy S10! But I think you got the idea hopefully.

 

Good morning! First up until the 12:00 minute mark, listen to me ramble on about Celsius and how they are being investigated. I received an e-mail from the Texas State Securities Board asking me to complete a survey on my dealings with Celsius. Sounds like they are in hot water. I hope I am not. Probably not, but hey, something to consider. Then, around the 12:00 minute mark, I get into the Polkadot Ecosystem and attempt to do a 30 minute overview of Substrate and the Polkadot Ecosystem in my own janky way.

Sources:

https://www.ssb.texas.gov/

https://www.parity.io/blog/what-is-substrate/

https://www.parity.io/blog/substrate-in-a-nutshell/

https://www.shawntabrizi.com/substrate/what-is-substrate/

https://cointelegraph.com/blockchain-for-beginners/what-is-polkadot-dot-a-beginners-guide-to-the-decentralized-web-3-0-blockchain

https://cointelegraph.com/news/3-reasons-why-polkadot-could-be-the-next-altcoin-to-hit-a-new-all-time-high

 

Episode 140 - Harmony blockchain bridge suffers 100 million dollar hack and other morning tangents

Good morning!  As I meander around on my morning news dump, I talk about the recent Harmony Horizon Bridge hack of over $100 million.  The hack was not a smart contract exploit, but instead, was an exploit of the private keys of a multisig wallet.  I explore this hack and talk about foundational crypto concepts along the way.

 

Sources:

https://twitter.com/harmonyprotocol

 

https://medium.com/harmony-one/harmonys-horizon-bridge-hack-1e8d283b6d66

 

https://etherscan.io/address/0x0d043128146654c7683fbf30ac98d7b2285ded00

 

https://chat.blockscan.com/start

 

https://decrypt.co/103736/harmony-plunges-10-as-horizon-ethereum-bridge-hacked-for-100-million

 

https://blockworks.co/defi-cross-chain-horizon-bridge-hacked-for-100m/

 

https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/

Episode 139 - Ditch the voting apathy and make sure your vote is cast wisely!

Good morning!  This morning I speak about voting in DAOs.  DAOs have notoriously low participation in voting as well as people that just speculate on the governance tokens.  This has been an issue lots of communities have been trying to solve.  This issue even applies to the large-scale apathy we see in our nation-wide voting today.  In this episode I go over a prototype of a voting system being developed by Re-Public.io.  The idea is that a DAO gives the members voting tokens that are non-transferable soulbound tokens.  In order to claim these tokens, they must be delegated.  What makes it original, is that on top of needing to be delegated, you can delegated to someone based on proposal topic and to a person who specializes in that topic category.  For example, if I know Keith is good at software development, and a proposal is about a a proposed software upgrade, I am going to delegate my votes to Keith on that proposal because I don't know jack squat about software. 

Hopefully this type of liquid democracy can wrangle people from apathy or just speculation back into the voting process.

 

Sources:

https://journodao.xyz/

 

https://re-public.io/

 

https://re-public.io/blog/fixing-dao-governance-because-we-have-to/

 

https://www.opendemocracy.net/en/can-europe-make-it/liquid-de/

 

 

 

Episode 138 - Poking around Tron’s USDD. Is it primed to collapse like UST?

Good morning!  Normally, I don't pay attention to what's going on with the Tron ecosystem and especially not the USDD decentralized stablecoin.  In fact, I had never even heard of it until a few days ago.  But with all the fear whipped up from the collapse of the Terra ecosystem, there are now rumors that Tron could do the same thing.  I saw the Tron TKN token jump to #13 in the market-cap rankings and it piqued my curiosity.  So here I am beating the Tron bush for some news and seeing what will fly out at me.

Sources:

https://decrypt.co/103338/trons-usdd-stablecoin-still-hasnt-recovered-its-dollar-peg

 

https://news.bitcoin.com/usdd-continues-to-trade-for-under-1-tron-dao-reserve-insists-stablecoin-has-not-depegged/

 

https://watcher.guru/news/same-but-different-trons-usdd-not-like-terras-ust

 

https://defillama.com/peggedassets/stablecoins

 

 

Episode 137 - Making your donation actually count for something with Gitcoin Grants

Good morning!  In this episode I take a gander at Gitcoin Grants and a couple of projects I donated to using a concept called quadratic funding.  It is a way to donate to make sure that everyone's vote/donation matters.  There is more weight put on the amount of different people donating to a project than one large donor.  This way, large donors are not able to manipulate outcomes just because they have to cash power.  There is a pool of funds donated by larger organizations that match individual contributors.  when lots of little contributors donate a little bit to a project, that project receives more of the pool funds than if one single large rich and powerful contributor put in one large donation.  It is a cool way to make doing a little turn out to be alot.

 

Sources:

https://gitcoin.co/

 

https://gitcoin.co/grants/5187/crypto-sapiens-podcast-gitcoin-grants-proposal

 

https://gitcoin.co/grants/4972/journodao-using-web3-to-upgrade-journalism

 

https://wtfisqf.com/

 

https://www.youtube.com/watch?v=hEHv-dE4xl8

 

https://finematics.com/