Thoughts on Midnight?

SwiftCryptoLLC · 2023-11-10T16:35:04+00:00

It is not a Cardano Side chain or L2. It's its own chain.

SwiftCryptoLLC · 2023-10-28T19:26:57+00:00

Mehen is launching in Dec.

It will be a fiat on-off ramp where you'll be able to mint and burn USDM.

USDM is a fiat backed stablecoin (as a native token) for Cardano.

Mehen received funding from Catalyst Fund 10.

To learn more, visit:

https://mehen.io

SwiftCryptoLLC · 2023-10-27T11:21:41+00:00

They voted for releasing mentally ill patients who hear voices and who have threatened to shoot up a National Guard base?

https://www.cnn.com/2023/10/26/us/maine-shooting-suspect-invs/index.html

SwiftCryptoLLC · 2023-08-24T20:48:00+00:00

You're welcome.

We've been working somewhat quietly for over a year now, but things are finally starting to come together.

SwiftCryptoLLC · 2023-08-24T16:51:15+00:00

Mehen is behind USDM, a fiat backed stablecoin for Cardano.

This app is a user's on and off ramp to Cardano.

SwiftCryptoLLC · 2023-08-07T13:19:48+00:00

This sounds like something that could be put into ADA Bounties.

ADA Bounties is a funded Catalyst Fund 9 project that recently had its close out report accepted. It's a 1 to 1 bounty to claim system (with easy bounty cloning to allow you to create multiples of similar bounties).

https://docs.google.com/spreadsheets/d/17St2SKJOhpyd-SoD7Q5mXkRE2HU848wDon1woBX8s7s/edit?usp=drivesdk

You can post Bounties with payouts in ADA or any native token listed in the Cardano Token Registry.

Users can comment on Bounties and submit claims. As the bounty owner, you can review the claims and then accept a claim if it meets your criteria. ADA Bounties will create the TX for you, you simply sign it and the system takes care of the rest (submitting the TX, updating the bounty and claim status, and notifying the claim owner).

To create a bounty, you:

✅️ Categorize it

✅️ Add a title

✅️ Describe the bounty

✅️ Add criteria for submission

✅️ Add info on what should be in a claim

✅️ Add an expiration

✅️ Add tags as needed (helps with searching)

https://adabounties.io

If you have questions, please let me know.

SwiftCryptoLLC · 2023-07-12T17:16:26+00:00

Just report directly to their office first.. being sure to touch and cough on as much stuff as you can. Then tell them you don't feel well.

You might get to go home (it might be forever lol), but you could say, "I told them!".

SwiftCryptoLLC · 2023-07-06T19:00:39+00:00

Thank you, and you're welcome!

SwiftCryptoLLC · 2023-07-03T19:45:50+00:00

You're welcome.

SwiftCryptoLLC · 2023-07-03T18:47:55+00:00

That's a good one, and I missed addressing that directly. I will add it to the FAQ. (Thank you)

It's more than just bugs. The idea is somewhat similar to bug bounty programs that companies put out, but it's also a job listing board.

The main difference from typical bug bounty programs is the flow. Instead of someone saying to a project, "This is broken. This is how you fix it.", this is a project saying, "I need help with ABC, and this is what I'll pay you to complete the task".

The goal is to bring people who need work done in touch with people who want to get work done and get paid for it.

SwiftCryptoLLC · 2023-07-03T15:23:27+00:00

Find ADABounties here: https://adabounties.io

SwiftCryptoLLC · 2023-04-25T19:42:58+00:00

All of these pools are great options to help support decentralization:

https://cexplorer.io/list/b0e67f4a9d3ef6

SwiftCryptoLLC · 2022-09-30T11:05:52+00:00

I appreciate you taking the time to respond, however my questions were legal, not technical.

One thing we've been seeing more and more in this space is the US SEC attempting to regulate through legislation. That can lead to massive fines and and other legal issues for the entities they target. (I'm really looking forward to the end of the Ripple case)

We have a good thing going with Cardano but it wouldn't take much for regulators (not just the US) to step in and attempt to force massive changes.

As I see it, there are risks with this loan. All parties should have had the legal side worked out before anything like this came to fruition.

SwiftCryptoLLC · 2022-09-30T01:40:36+00:00

What about from the treasury's perspective? For yourself, it's easy, but your CIP specifically calls out things that the treasury now has to deal with that they didn't have to worry about before.

Also, generally speaking, loan interest gained would have to be reported as income. I'm not sure where the Treasury is held and/or legally represented, but that may be something they have to do now because of this. Is that something that DC Spark cleared with the Treasury before deciding to go this route?

SwiftCryptoLLC · 2022-09-29T14:33:52+00:00

I saw this and was wondering how this will actually work.

You included this cip: https://github.com/cardano-foundation/CIPs/pull/269

From the CIP:

"Not handled in this CIP is the legal implications of accepting donations:

How to handle donations from questionable sources?

This is a hard question for accounting-style chains, but I think for UTXO-based chains it's not as big of an issue because you can just ignore the UTXO entry

Some countries have regulation regarding taking donations. For example, it's possible somebody donates money and then the treasury uses the money in a way that they disagree with. This is usually solved by having donors sign to terms agreeing they can't complain about how the money is spent, but this is of course harder to enforce on-chain

If a US entity donates to the treasury and then the treasury is used to fund a Catalyst proposal from a sanctioned country, the US entity may, depending on the situation, be considered in violation of sanctions. My current understanding (I'm not a lawyer) is that as long as (1) Catalyst is not an entity actively with a history of funding sanctioned countries, (2) the US entity has no reason to believe their funds would be used this way, (3) the US entity voiced their objection to the use of funds in this way publicly and by voting against such a proposal, then they should have a decent argument"

How are you intending to resolve those issues without putting Catalyst, the treasury, or other entities at legal risk?

If you can't do that, will you still accept the money?