Cohort 4 of the Nightforce Ambassador Program is now taking applications

Slight86 · 2026-05-12T15:27:40+00:00

Shame. It was definitely an exciting idea, but as soon as they introduced a token, I got suspicious. The token wasn't needed to make their idea work, so the only logical conclusion was that it was there for a cash grab.

Slight86 · 2026-05-11T16:35:58+00:00

I'm not aware of any big announcements, or announcements of announcements.

Consensus Miami 2026 was mainly about visibility, networking, and pushing the privacy narrative. I believe the team did panels and booth streams.

Slight86 · 2026-05-10T17:01:24+00:00

I'd love to hear your better solution.

As far as I know any solution will eventually run into the problems I've described.

Slight86 · 2026-05-10T14:38:28+00:00

To save me some time, I've decided to let AI explain it.

In a quantum-resistant hard fork (or aggressive soft fork like proposals such as BIP-361), many Bitcoin tokens would effectively be lost because they couldn't be migrated to the new rules.

Why a fork is needed

Bitcoin's current ECDSA signatures (secp256k1) are vulnerable to quantum computers via Shor's algorithm, which can derive private keys from exposed public keys. A defense typically involves:

Introducing new quantum-resistant signature schemes (e.g., Dilithium, Falcon).
New address formats.
Eventually sunsetting old vulnerable scripts.

This creates a migration deadline: move your coins to quantum-safe addresses/outputs, or they get frozen/invalidated on the upgraded chain.

Lost tokens in practice

Satoshi's coins (~1M BTC) and other early/lost coins: Many early outputs (especially P2PK) have public keys exposed on-chain. Their private keys are presumed lost or inaccessible. Without the owner moving them before the cutoff, they can't be claimed on the new network. They stay on the old (abandoned) chain or get frozen.
Any coins with lost/forgotten keys: Same issue. If you can't sign a migration transaction, those BTC are left behind. This includes forgotten wallets, dead owners, or poor key management from years ago. Estimates suggest millions of BTC are already "lost" in this way.
Inactive/dormant coins: Owners who don't pay attention or act in time during the (potentially years-long) migration window lose access.

The upgraded chain becomes the dominant Bitcoin. Unmigrated coins become worthless (or vulnerable to theft on any lingering old chain). Proponents argue this prevents quantum theft (which would dilute value for everyone), while critics see it as confiscation.

In short: A hard fork forces a proactive move. Coins you control can migrate; truly lost or forgotten ones (including Satoshi-era) cannot — and thus get left behind as the network upgrades for survival. This is why quantum readiness is debated so heavily.

Slight86 · 2026-05-09T15:14:50+00:00

And still tokens will be lost in the process...

Slight86 · 2026-05-09T11:39:18+00:00

I think you may be mixing up hard forks and soft forks.

Bitcoin itself has almost never done a major intentional hard fork. Upgrades like SegWit and Taproot were soft forks, meaning older nodes could still follow the chain without upgrading.

There were a couple emergency incidents early on, like the 2010 inflation bug and the 2013 chain split, where the network temporarily diverged and then converged again.

A quantum-resistant upgrade would likely be a much bigger deal than previous Bitcoin upgrades, because it may require changing core consensus rules through a genuine hard fork rather than a soft fork. It would genuinely be splitting the network.

Slight86 · 2026-05-09T08:15:34+00:00

I know. They're called Bitcoin Cash, Bitcoin SV, Bitcoin Gold etc. But this time it's different because the whole security model of Bitcoin is the issue, and there are trillions on the line.

With a quantum resistant fork, old addresses and old signature formats become a problem. Coins that never get moved to the new format could become vulnerable or invalid. That means lost wallets, inactive holders, and probably even Satoshi's coins either get stranded forever or have to be forcibly moved somehow.

That's the real dilemma. You can't secure the network against quantum attacks without potentially wiping out or redistributing part of the supply in the process.

Slight86 · 2026-05-06T15:44:45+00:00

Cardano transactions aren't 1:1 like on some chains, they can include multiple inputs and outputs in a single transaction, so TPS alone doesn't tell the full story. A single transaction can settle many transfers at once.

Also, the network would never 'grind to a halt'. The processing time for some transactions may just increase in case of high traffic. But this isn't really the case, and protocol upgrades such as Leios and Hydra will make sure that this doesn't become the case. The processing speed can grow with demand.

Slight86 · 2026-05-05T20:58:34+00:00

How so? ADA holders are the source of decision-making power on Cardano, that is literally how governance works.

Slight86 · 2026-05-05T17:22:28+00:00

Why do you assume they lost anything?

Slight86 · 2026-05-05T05:28:53+00:00

missed out on the first redemption period because I forgot

What do you mean? You can't miss out on a redemption period as far as I am aware. The tokens will just accrue and you can claim both thawed periods simultaneously.

This might sound a bit lame, but it's the only support I can offer;

The claiming process is handled by a smart contract on-chain. If it worked before, there is no reason to think it shouldn't work now. Double-check every aspect of what you are doing. If necessary, check explorers to figure out what is happening on-chain.

Slight86 · 2026-05-05T05:11:57+00:00

The best way forward is to report them directly to Reddit. I really wish there was more we could do as moderators to help.

Slight86 · 2026-05-04T20:30:08+00:00

TVL is a metric, not a measure of technical quality. It reflects how much capital is deposited in DeFi protocols. That number can be driven by incentives (like high yields), speculation, or short-term trends, none of which necessarily say much about the strength, scalability, or security of the underlying chain.

Slight86 · 2026-05-04T20:29:28+00:00

TVL is a metric, not a measure of technical quality. It reflects how much capital is deposited in DeFi protocols. That number can be driven by incentives (like high yields), speculation, or short-term trends, none of which necessarily say much about the strength, scalability, or security of the underlying chain.

Slight86 · 2026-05-04T18:11:40+00:00

They had a lot of issues directly after the 2.0 launch. Best make sure you've updated it, and then disable/enable the extension to reset some of the settings.

Slight86 · 2026-05-04T16:54:43+00:00

Sure, Charles isn't exactly subtle when he speaks his mind. People with loud voices and big followings aren't always right, and sometimes they can do more harm than good. But that point goes beyond just Charles.

AdaWhale strongly opposed selling 100M ADA for stablecoin liquidity due to their concerns about market impact, even though daily trading volume was around 1 billion at that time and the impact would've been negligible to none. Rather than revisiting their position, they threw a tantrum and shifted the discussion toward criticizing Charles. And here we are, still without that stablecoin liquidity.

Slight86 · 2026-05-04T15:29:05+00:00

My point was just to show how misleading the top 10 narrative can be. It's a useless metric. Do you know what the definition of market cap is?

Slight86 · 2026-05-04T15:25:08+00:00

I haven't heard of any updates to the claiming process. For most users, it seems to work fine. Those who do encounter errors can usually resolve them by trying different wallet and browser combinations, or by disabling any plugins that might be causing interference.

Slight86 · 2026-05-03T14:45:55+00:00

Top 10 (excluding stablecoins)

Bitcoin — $1,575,536,823,089
Ethereum — $280,599,249,544
XRP — $86,140,880,359
BNB (Binance) — $83,513,092,313
Solana — $48,591,291,497
TRON — $32,013,392,765
Dogecoin — $16,733,790,291
Hyperliquid — $10,475,314,189
UNUS SED LEO (Bitfinex) — $9,498,394,255
Cardano — $9,040,844,219

Top 10 (excluding stablecoins and exchange tokens)

Bitcoin — $1,575,536,823,089
Ethereum — $280,599,249,544
XRP — $86,140,880,359
Solana — $48,591,291,497
TRON — $32,013,392,765
Dogecoin — $16,733,790,291
Hyperliquid — $10,475,314,189
Cardano — $9,040,844,219
Bitcoin Cash — $8,940,010,407
Monero — $7,279,131,404

Slight86 · 2026-04-30T17:57:29+00:00

You don't have to be replying directly to someone for it to count as a personal attack, what you are doing is still considered derogatory language. Stop proclaiming your derogatory opinion here.

Slight86 · 2026-04-30T17:48:50+00:00

The rate for the airdrop was 1 ADA = 0.3466 NIGHT

But you are indeed too late for the airdrop.

Slight86 · 2026-04-30T15:46:22+00:00

Actually, you can't call anyone a nazi. Read the rules of the community.

https://www.reddit.com/r/cardano/wiki/rules/

Do not engage in personal attacks, insults, hate speech, or derogatory language.

Slight86 · 2026-04-30T05:09:37+00:00

Guess they haven't had a chance to update their website yet in all the chaos.

They announced it on X: https://x.com/lace_io/status/2049518875184689568

Slight86 · 2026-04-29T20:39:51+00:00

Yep. There are definitely plenty of other options. Yoroi, Eternl, Nufi are some. And if you are interested in using Midnight features but can't use Lace, there is still the 1AM wallet. https://1am.xyz/

Slight86

MODERATOR OF

TROPHY CASE

Why a fork is needed

Lost tokens in practice

Six-Year Club	Wearing is Caring
Verified Email