September 11, 2024 • 16 mins
Timestamps
00:13 North Korean Hackers
01:25 Cardano Token Lockup??? WTF?
04:13 MASSIVE $SOL Token Unlock Incoming
06:42 Wingriders V2 Launched
07:03 Subhandles are here
07:51 Emurgo Bringing In the VCs
09:09 Massive Buy of $MIN Tokens
10:16 Decentralised Recovery Alliance
12:12 GenWealth
12:54 Applications for Committee & Board seats
13:32 Hostky Hard Fork
14:52 No More Interviews
00:13 North Korean Hackers
01:25 Cardano Token Lockup??? WTF?
04:13 MASSIVE $SOL Token Unlock Incoming
06:42 Wingriders V2 Launched
07:03 Subhandles are here
07:51 Emurgo Bringing In the VCs
09:09 Massive Buy of $MIN Tokens
10:16 Decentralised Recovery Alliance
12:12 GenWealth
12:54 Applications for Committee & Board seats
13:32 Hostky Hard Fork
14:52 No More Interviews
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
A midweek done a news update for you guys. There's
a lot of interesting small stories here that I like
to cover. Some of these didn't get much attention during
the week because of so much drama it's been happening.
But let's get right into this one for you guys.
The very first one here is this security risk. Here,
a group of North Korean hackers have worked out a
(00:21):
way to drain your wallets by scanning your seed phrase
from photos that you may take. So what had happened
here was the person had lost twenty five thousand dollars
worth of assets. They didn't know what was going on here.
Checking transaction history found no interactions with the drainer wallet
or malicious smart contracts. But what they did find here
(00:42):
was that the seed phrase was compromised by a particular app. Now,
this person ran a full diagnostic on the phone and
found some malware on it which is super scary called
spy agent. And this malware it was hidden and a
TV streaming app that had a very unique way of operating.
So this allowed that app to scan the data of
(01:02):
the photos searching for a patterns resembling a seed phrase.
And what astonishing was that the malware could even recognize
a seed phrase from a photo even though it wasn't
in text form, So this is absolutely crazy. Guys, do
not take a photo of your seed phrase and store
on your mobile device. That is definitely a way to
(01:23):
compromise your assets. Now, this was an interesting video. This
is from invested Answers.
Speaker 2 (01:29):
What can I say?
Speaker 1 (01:29):
I've done videos like looking at his content before and
this this just really annoys me. Let me just play
this for you guys, and you can hear what they're
saying here in this video clipment. Let me know what
you think.
Speaker 2 (01:41):
What happens to all the old stuff with no adoption?
What happens to the aids and the xrps. How come
they still have huge market caps locked.
Speaker 3 (01:49):
In they can't sell, they're locked into staking and steak.
There was a trick early on especially card Honor. They're
locked in people at a rate where they can't exit
until a certain good date, which I think starts in
October for Cardana, so we should see some Kardana actually October,
and then next year it starts that revel. So whether
(02:11):
people sell Cardona when they can, we don't know. But Cardana,
I think is one that we should watch could potentially drop.
Speaker 2 (02:18):
All right, That is absolute bullshit.
Speaker 1 (02:21):
So what they're saying here is that with the ADA
that is around, it's locked up in smart contracts. That
is definitely not true. Cardona is the only l one
platform in the top twenty that has complete liquid staking,
so that AIDA can move in and out. You have
your AIDA wallet, you delegate it to a particular stakpool
(02:42):
that AIDA never leaves your wallet, and you're free to
do whatever you want with it. You can buy NFTs,
you can move it to exchange, you can buy, sell,
trade other native tokens, whatever it is. And every five
days it takes a snapshot records how much is in
your wallet, and that amount is staked for that next
EPOP for staking rewards, so it's never locked up. And
(03:03):
the fact that Marty Party here still thinks that Ado
is a locked asset for staking means that he knows
nothing about Kardano at all. That is the bare basics
of what Kardana is and had been for many many
years before smart contracts. People were insulting it saying, oh
there is a staking. It was probably the best staking
(03:26):
there and this is also why you don't see Kardana's
TVL massively huge because that staked Aida isn't included in
metrics like DeFi Lama. DeFi Lama specifically needs you to
have Aida locked into a smart contract for that TVL
to be included into their stats. Unlike Etheroereum and like Solanna,
(03:46):
it's all in the smart contracts, so that you do
need to so that they can have those particular metrics
in that data there. So Kardano isn't included there because
of that complete native liquid staking very different guys. Just
wanted to clear that up for anyone that is watching
that isn't in the Candona ecosystem. Obviously, if you're are
(04:07):
in Candano and you're are holding eight, you know exactly
how it works. But this is completely false. Now, what
I also like to point out here is Solana does
have locked up assets and this is insane.
Speaker 2 (04:22):
This is Solana.
Speaker 1 (04:23):
One hundred and thirty eight million Soul is locked and
not included in the market cap currently.
Speaker 2 (04:29):
So you look at the market cap.
Speaker 1 (04:30):
You see x amount of Soul in circulation. Wow, that's amazing,
lots of soul. But there's even more of it that's
locked up in contracts and will be released soon. How soon,
very soon. Look at this in January. In February twenty
twenty five, we got three point two million Soul tokens
being released. In March, we've got nine point seven being released.
(04:54):
And if you don't believe me, have a look at
the Solana metrics. This is from Solana Compass. This is
a website dedicated to the tokenomics of Solanum. So here
we can see the total supply at five hundred and
eighty million. Great, but have a look at this unlocked schedule.
This is when Soul tokens will be unlocked from vcs
(05:16):
that were involved. Whatever it is these vcs that have
these tokens unlocked, they have the biggest motivation to pump
the price of Soul as high as possible, so when
they get those unlocks, they'll snap it and sell as
much as possible so they can maximize their profits. Let's
have a look here. So here is October twenty twenty four.
(05:39):
We go to twenty twenty five. Here we are, that's January.
Speaker 3 (05:42):
Now we'll just.
Speaker 1 (05:44):
Scroll down a little bit more. I highlighted this is
the first of the unlocks. Here we got that three
point three point two million in the end of February.
There then we got here this is insane. Eight point
four million unlocking on the first of March next year.
If we go down a little bit further, we can
(06:05):
see all these other huge unlocked half million. There another
one point seven million Soul tokens unlocked. So if you
have Soul tokens and you're staking and you're trading whatever
it is, keep this in mind because this unlock is massive.
If I had any Soul, I'll be selling it on
(06:25):
the twenty third to maximize my profits. Watch the charts,
come back to this video book market review it. This
is insane. Watch that March next year, we'll see how
the price of Soul is. Then after these vcs get
their tokens unlocked. Another good news for the Cadana ecosystem.
We have wing Riders upgraded to V two, So these
(06:48):
are brand new, upgrade smart contracts for their platform.
Speaker 2 (06:51):
They've upgraded to Plutus.
Speaker 1 (06:52):
V two that have a whole bunch of new features
that are added into their platform as well. So congratulations
to the wing Riders team it this far and continuously
building in the bear market. Now, this other awesome news
story is Aida Handles launching their subhandles. Now, this is
absolutely having a look at the user interface here for
(07:14):
the subhandles, it looks like you can personalize it. You
can create the subhandles, do all sorts of things there. Now,
I haven't had a play with this one yet. I
had to go through and upgrade my handles. There's a
bit of a process there, and I thought i'd create
some content around it so that if you guys hadn't
yet and you wanted to step through something, There'll be
some content there And I'll put this on my new
(07:36):
channel on the learn Condino tutorials. So if you want
to follow along and learn how to upgrade your handles
and get into subhandles, this is where you can find
the tools for it. So check out check that out
links down below for you guys. Now, I did a
big video covering Amergo's new strategic partnership here with Ibex
(07:57):
from the Antler Group Global. Now, this is all around
VC funding coming into the Cadana ecosystem. And from the comments,
people were criticizing, oh, you know Solana gets VCS and
you hate on it, and Kadano suddenly gets VC and
you jump up now and enjoy.
Speaker 2 (08:15):
Well, I just want.
Speaker 1 (08:16):
To make the clarification here, this is vcs for projects
building on Kardano, not Kadano itself. So all these awesome
innovators that are building things, infrastructure, whatever it is, I'm fine.
I'm really am fine with that having VC funding so
that they can go and excel where they are best at.
(08:36):
Maybe it's a small infrastructure thing, maybe it's an NFT minting,
maybe it's something I don't know what it is, but
you get the idea. Those type of companies need that
VC investment so they can excale and grow their products
out there and then help other developers use their platforms
whatever it might be, and then build new stuff on Kardano.
(08:57):
So it has that massive snowball effect. So this is
the idea of this and I absolutely love it. So
check out that video. I'll put links down below so
that you can watch the full breakdown of what Amerga
are up to here. Now, this was a crazy post here.
This was someone buying eight point two million min tokens
for a total of three hundred and fifty thousand and eight.
(09:18):
That's the buy order there, and that's this insane amount
of mintokens. That's more mintokens than I will ever possibly
have do anything to the charts. Yep, it sure did.
Have a look at these green candles. It really pushed
that price of mintokens up. But you know, if we
scroll out here and zoom out and have a look
(09:39):
at the price history, it's still got a long way
to recover really from when mintswap originally launched. But it's
a good positive move there. Maybe this is the bottom
for mintokens with that amount of confidence that someone put
in to buy that many mintokens from the project. So
(09:59):
like to I am, I'm a massive fan of minswaps,
so I'd like to see where this one goes in
regards to recovery from the price and I'd like to
understand why that person brought so much in one go. Anyway,
really good news for the minswap team. Now, this was
a new story that was covered not just in the
Kadana space but broadly. I watched all these other YouTubers
(10:23):
from Hedra, hashgraft Ripple also covered this one as well.
And this is all around the Decentralized Recovery Alliance and
this I think this is initiative is really cool. I
didn't know about it until this particular announcement with the
incorporation of Kadana and iog into the picture as well.
But this deck alliance, they provide a decentralized way of
(10:49):
recovering your digital assets. So Ledger had a product that
was built into their devices called Ledger Recovery, and that
sharded the seed phrase into three different storage providers and encrypted,
so that you could recover from a lost device a
lost seed phrase. By using that service, you pay a
(11:10):
monthly fee or whatever it is, and then you can
pull back those shards, reform your seed phrase, and then
you can recover your assets that way. So if you're
holding millions, that is the type of service that you want.
This project does it in a decentralized way, so you're
not relying on a centralized entity what Ledger is doing,
for example. So this is a really cool way, and
(11:33):
I think it's really needed for mass, mass mass adoption.
Imagine a hedge fund that's holding hundreds of millions of
aida and suddenly they lose their seed phrase and that
all disappears, or hackers get into it, whatever it is.
That's not a way that a hedge one would.
Speaker 2 (11:51):
Want to operate.
Speaker 1 (11:52):
It would absolutely destroy their business. So it's a massive
risk for them, so this is a nice way for
them to recover so that they can continue to operating
their business. And if you check out their website you
can follow along with the development of what they're doing,
and I think it's absolutely brilliant. So watch the project.
We'll see where this one goes as well. Now there's
(12:13):
other project services that are also needed for mass adoption,
and this one here something we never really think about,
and it's an inheritance of crypto assets. So if I
pass away tomorrow, what happens to all of these crypto
assets that are on my ledger, on my hardware devices
wherever it is. There needs to be a way to
be able to pass that and unlock it to another wallet.
(12:34):
And gen Wealth are building a really cool solution on
Kadano for this as well, So check this one out.
I did the interview a while back. I'll put a
link down below for you guys as well. But they've
got Catalyst funding, so they are developing this and is
progressing forward. So all these really cool solutions to help
mass adoption on Candano. Now, on the government side of things,
(12:56):
we have Intersect opening applications for Internet Committee and board
seat elections. They're all up and running. You can now
nominate yourself to be a part of the committee or
a part of the board. Applications are online within the
Intersect NBO dashboard. This is what the application form looks like.
So it is a little bit of a lengthy process,
(13:16):
but you also do need to be an INTERSECT member
to be able to gain access to those particular forms
and submit yourself as a committee member or a board
board member. So check those out if you are interested
about helping and forming the future of Kadano. Now, in
one of my previous videos, I did talk about the
first governance action that was put on chain. It's an
(13:37):
info action, so it's a kind of a temperature check
in regards to various actions, and this was the first one.
Here about the name of the next hard fork being
the Hosky hard fork.
Speaker 2 (13:50):
So it's a bit of a joke.
Speaker 1 (13:52):
It's a bit I think it was Adam Dean that
put it up, but it's essentially just testing out everything,
making sure it's all working. But you know, this is
a governan's action, it is on chain. If this one
does pass, we should really name the next hard fork
the Hosky hard fork.
Speaker 2 (14:09):
That would be.
Speaker 1 (14:10):
Absolute hilarious if it was actually But you can see
all this on chain. You can see people voting for it.
This is the data on ad A stat It's a
very nice website, very well designed, but you can see
everyone that has voted for this particular governance action here
and which direction the governan's action is potentially going. So
at the moment, SPO's eighty percent voted no, de reps
(14:33):
eighty two percent voted no, and Committee hasn't voted at
this point in time yet, so there's still a bit
of time for this one.
Speaker 2 (14:39):
It expires on the epoch five fourteen and.
Speaker 1 (14:43):
We're currently at epoch five eight, so quite a bit
of time here to go for this one. But you
can see the direction. It's not going to be called
the Hosky hard fork, all right now. The last thing
I want to talk about here as a comment that
got my YouTube channel here, and this is all about
it's being called a paid shill for interviews that I
do on my channel. So some projects do well, some
(15:03):
projects don't do well, and it's hard for me to
vet these things, but people say, hey, you got paid
for this, you're shilling this project.
Speaker 2 (15:10):
You're profiting on us.
Speaker 1 (15:11):
Now, I'd like to mention that in the Kadana space,
it's weird, it's different. No one gets paid for any
of these interviews. I've spoken to other people that have
come into the ecosystem like bridges, exchanges and all that,
and they ask what your rate card is? How much
are you guys getting paid? Like how do you organize
an interview? I tell them we don't charge, and they've
(15:35):
taken aback because they don't understand everyone else charges. Why
don't you guys charge? That's just the way it's been.
It's from the very early days. You create content, you
try and gain traction. Everyone's trying to gain traction and
no one's charging. So this is where we've ended up
at the moment in the Kadana space with content creators
not charging for videos. And as a result, you know,
I'm just going to stop doing interviews. If people are
(15:59):
going to call me a pay chill, I'm just going
to stop. So you can't accuse me of anything. And
this is also Paul's sentiment as well. He can He
also doesn't charge for interviews and he doesn't like these accusations,
so he's not going to do it either. So this
is this is just how it is in the Cadana space.
(16:20):
You think that we get the big bucks for doing
these interviews, we do not.
Speaker 2 (16:26):
Anyway.
Speaker 1 (16:26):
Anyway, if you enjoyed the content, if you enjoyed the
video overall, please at least hit that thumbs up on
your way out hip subscribe notification. Bell wonders for the
YouTube algorithm. I'm actually getting demonetized on my last video
for whatever reason.
Speaker 2 (16:40):
So I don't know. This YouTube thing is a mystery
and I'll see in next video. Guys,
A midweek done a news update for you guys. There's
a lot of interesting small stories here that I like
to cover. Some of these didn't get much attention during
the week because of so much drama it's been happening.
But let's get right into this one for you guys.
The very first one here is this security risk. Here,
a group of North Korean hackers have worked out a
(00:21):
way to drain your wallets by scanning your seed phrase
from photos that you may take. So what had happened
here was the person had lost twenty five thousand dollars
worth of assets. They didn't know what was going on here.
Checking transaction history found no interactions with the drainer wallet
or malicious smart contracts. But what they did find here
(00:42):
was that the seed phrase was compromised by a particular app. Now,
this person ran a full diagnostic on the phone and
found some malware on it which is super scary called
spy agent. And this malware it was hidden and a
TV streaming app that had a very unique way of operating.
So this allowed that app to scan the data of
(01:02):
the photos searching for a patterns resembling a seed phrase.
And what astonishing was that the malware could even recognize
a seed phrase from a photo even though it wasn't
in text form, So this is absolutely crazy. Guys, do
not take a photo of your seed phrase and store
on your mobile device. That is definitely a way to
(01:23):
compromise your assets. Now, this was an interesting video. This
is from invested Answers.
Speaker 2 (01:29):
What can I say?
Speaker 1 (01:29):
I've done videos like looking at his content before and
this this just really annoys me. Let me just play
this for you guys, and you can hear what they're
saying here in this video clipment. Let me know what
you think.
Speaker 2 (01:41):
What happens to all the old stuff with no adoption?
What happens to the aids and the xrps. How come
they still have huge market caps locked.
Speaker 3 (01:49):
In they can't sell, they're locked into staking and steak.
There was a trick early on especially card Honor. They're
locked in people at a rate where they can't exit
until a certain good date, which I think starts in
October for Cardana, so we should see some Kardana actually October,
and then next year it starts that revel. So whether
(02:11):
people sell Cardona when they can, we don't know. But Cardana,
I think is one that we should watch could potentially drop.
Speaker 2 (02:18):
All right, That is absolute bullshit.
Speaker 1 (02:21):
So what they're saying here is that with the ADA
that is around, it's locked up in smart contracts. That
is definitely not true. Cardona is the only l one
platform in the top twenty that has complete liquid staking,
so that AIDA can move in and out. You have
your AIDA wallet, you delegate it to a particular stakpool
(02:42):
that AIDA never leaves your wallet, and you're free to
do whatever you want with it. You can buy NFTs,
you can move it to exchange, you can buy, sell,
trade other native tokens, whatever it is. And every five
days it takes a snapshot records how much is in
your wallet, and that amount is staked for that next
EPOP for staking rewards, so it's never locked up. And
(03:03):
the fact that Marty Party here still thinks that Ado
is a locked asset for staking means that he knows
nothing about Kardano at all. That is the bare basics
of what Kardana is and had been for many many
years before smart contracts. People were insulting it saying, oh
there is a staking. It was probably the best staking
(03:26):
there and this is also why you don't see Kardana's
TVL massively huge because that staked Aida isn't included in
metrics like DeFi Lama. DeFi Lama specifically needs you to
have Aida locked into a smart contract for that TVL
to be included into their stats. Unlike Etheroereum and like Solanna,
(03:46):
it's all in the smart contracts, so that you do
need to so that they can have those particular metrics
in that data there. So Kardano isn't included there because
of that complete native liquid staking very different guys. Just
wanted to clear that up for anyone that is watching
that isn't in the Candona ecosystem. Obviously, if you're are
(04:07):
in Candano and you're are holding eight, you know exactly
how it works. But this is completely false. Now, what
I also like to point out here is Solana does
have locked up assets and this is insane.
Speaker 2 (04:22):
This is Solana.
Speaker 1 (04:23):
One hundred and thirty eight million Soul is locked and
not included in the market cap currently.
Speaker 2 (04:29):
So you look at the market cap.
Speaker 1 (04:30):
You see x amount of Soul in circulation. Wow, that's amazing,
lots of soul. But there's even more of it that's
locked up in contracts and will be released soon. How soon,
very soon. Look at this in January. In February twenty
twenty five, we got three point two million Soul tokens
being released. In March, we've got nine point seven being released.
(04:54):
And if you don't believe me, have a look at
the Solana metrics. This is from Solana Compass. This is
a website dedicated to the tokenomics of Solanum. So here
we can see the total supply at five hundred and
eighty million. Great, but have a look at this unlocked schedule.
This is when Soul tokens will be unlocked from vcs
(05:16):
that were involved. Whatever it is these vcs that have
these tokens unlocked, they have the biggest motivation to pump
the price of Soul as high as possible, so when
they get those unlocks, they'll snap it and sell as
much as possible so they can maximize their profits. Let's
have a look here. So here is October twenty twenty four.
(05:39):
We go to twenty twenty five. Here we are, that's January.
Speaker 3 (05:42):
Now we'll just.
Speaker 1 (05:44):
Scroll down a little bit more. I highlighted this is
the first of the unlocks. Here we got that three
point three point two million in the end of February.
There then we got here this is insane. Eight point
four million unlocking on the first of March next year.
If we go down a little bit further, we can
(06:05):
see all these other huge unlocked half million. There another
one point seven million Soul tokens unlocked. So if you
have Soul tokens and you're staking and you're trading whatever
it is, keep this in mind because this unlock is massive.
If I had any Soul, I'll be selling it on
(06:25):
the twenty third to maximize my profits. Watch the charts,
come back to this video book market review it. This
is insane. Watch that March next year, we'll see how
the price of Soul is. Then after these vcs get
their tokens unlocked. Another good news for the Cadana ecosystem.
We have wing Riders upgraded to V two, So these
(06:48):
are brand new, upgrade smart contracts for their platform.
Speaker 2 (06:51):
They've upgraded to Plutus.
Speaker 1 (06:52):
V two that have a whole bunch of new features
that are added into their platform as well. So congratulations
to the wing Riders team it this far and continuously
building in the bear market. Now, this other awesome news
story is Aida Handles launching their subhandles. Now, this is
absolutely having a look at the user interface here for
(07:14):
the subhandles, it looks like you can personalize it. You
can create the subhandles, do all sorts of things there. Now,
I haven't had a play with this one yet. I
had to go through and upgrade my handles. There's a
bit of a process there, and I thought i'd create
some content around it so that if you guys hadn't
yet and you wanted to step through something, There'll be
some content there And I'll put this on my new
(07:36):
channel on the learn Condino tutorials. So if you want
to follow along and learn how to upgrade your handles
and get into subhandles, this is where you can find
the tools for it. So check out check that out
links down below for you guys. Now, I did a
big video covering Amergo's new strategic partnership here with Ibex
(07:57):
from the Antler Group Global. Now, this is all around
VC funding coming into the Cadana ecosystem. And from the comments,
people were criticizing, oh, you know Solana gets VCS and
you hate on it, and Kadano suddenly gets VC and
you jump up now and enjoy.
Speaker 2 (08:15):
Well, I just want.
Speaker 1 (08:16):
To make the clarification here, this is vcs for projects
building on Kardano, not Kadano itself. So all these awesome
innovators that are building things, infrastructure, whatever it is, I'm fine.
I'm really am fine with that having VC funding so
that they can go and excel where they are best at.
(08:36):
Maybe it's a small infrastructure thing, maybe it's an NFT minting,
maybe it's something I don't know what it is, but
you get the idea. Those type of companies need that
VC investment so they can excale and grow their products
out there and then help other developers use their platforms
whatever it might be, and then build new stuff on Kardano.
(08:57):
So it has that massive snowball effect. So this is
the idea of this and I absolutely love it. So
check out that video. I'll put links down below so
that you can watch the full breakdown of what Amerga
are up to here. Now, this was a crazy post here.
This was someone buying eight point two million min tokens
for a total of three hundred and fifty thousand and eight.
(09:18):
That's the buy order there, and that's this insane amount
of mintokens. That's more mintokens than I will ever possibly
have do anything to the charts. Yep, it sure did.
Have a look at these green candles. It really pushed
that price of mintokens up. But you know, if we
scroll out here and zoom out and have a look
(09:39):
at the price history, it's still got a long way
to recover really from when mintswap originally launched. But it's
a good positive move there. Maybe this is the bottom
for mintokens with that amount of confidence that someone put
in to buy that many mintokens from the project. So
(09:59):
like to I am, I'm a massive fan of minswaps,
so I'd like to see where this one goes in
regards to recovery from the price and I'd like to
understand why that person brought so much in one go. Anyway,
really good news for the minswap team. Now, this was
a new story that was covered not just in the
Kadana space but broadly. I watched all these other YouTubers
(10:23):
from Hedra, hashgraft Ripple also covered this one as well.
And this is all around the Decentralized Recovery Alliance and
this I think this is initiative is really cool. I
didn't know about it until this particular announcement with the
incorporation of Kadana and iog into the picture as well.
But this deck alliance, they provide a decentralized way of
(10:49):
recovering your digital assets. So Ledger had a product that
was built into their devices called Ledger Recovery, and that
sharded the seed phrase into three different storage providers and encrypted,
so that you could recover from a lost device a
lost seed phrase. By using that service, you pay a
(11:10):
monthly fee or whatever it is, and then you can
pull back those shards, reform your seed phrase, and then
you can recover your assets that way. So if you're
holding millions, that is the type of service that you want.
This project does it in a decentralized way, so you're
not relying on a centralized entity what Ledger is doing,
for example. So this is a really cool way, and
(11:33):
I think it's really needed for mass, mass mass adoption.
Imagine a hedge fund that's holding hundreds of millions of
aida and suddenly they lose their seed phrase and that
all disappears, or hackers get into it, whatever it is.
That's not a way that a hedge one would.
Speaker 2 (11:51):
Want to operate.
Speaker 1 (11:52):
It would absolutely destroy their business. So it's a massive
risk for them, so this is a nice way for
them to recover so that they can continue to operating
their business. And if you check out their website you
can follow along with the development of what they're doing,
and I think it's absolutely brilliant. So watch the project.
We'll see where this one goes as well. Now there's
(12:13):
other project services that are also needed for mass adoption,
and this one here something we never really think about,
and it's an inheritance of crypto assets. So if I
pass away tomorrow, what happens to all of these crypto
assets that are on my ledger, on my hardware devices
wherever it is. There needs to be a way to
be able to pass that and unlock it to another wallet.
(12:34):
And gen Wealth are building a really cool solution on
Kadano for this as well, So check this one out.
I did the interview a while back. I'll put a
link down below for you guys as well. But they've
got Catalyst funding, so they are developing this and is
progressing forward. So all these really cool solutions to help
mass adoption on Candano. Now, on the government side of things,
(12:56):
we have Intersect opening applications for Internet Committee and board
seat elections. They're all up and running. You can now
nominate yourself to be a part of the committee or
a part of the board. Applications are online within the
Intersect NBO dashboard. This is what the application form looks like.
So it is a little bit of a lengthy process,
(13:16):
but you also do need to be an INTERSECT member
to be able to gain access to those particular forms
and submit yourself as a committee member or a board
board member. So check those out if you are interested
about helping and forming the future of Kadano. Now, in
one of my previous videos, I did talk about the
first governance action that was put on chain. It's an
(13:37):
info action, so it's a kind of a temperature check
in regards to various actions, and this was the first one.
Here about the name of the next hard fork being
the Hosky hard fork.
Speaker 2 (13:50):
So it's a bit of a joke.
Speaker 1 (13:52):
It's a bit I think it was Adam Dean that
put it up, but it's essentially just testing out everything,
making sure it's all working. But you know, this is
a governan's action, it is on chain. If this one
does pass, we should really name the next hard fork
the Hosky hard fork.
Speaker 2 (14:09):
That would be.
Speaker 1 (14:10):
Absolute hilarious if it was actually But you can see
all this on chain. You can see people voting for it.
This is the data on ad A stat It's a
very nice website, very well designed, but you can see
everyone that has voted for this particular governance action here
and which direction the governan's action is potentially going. So
at the moment, SPO's eighty percent voted no, de reps
(14:33):
eighty two percent voted no, and Committee hasn't voted at
this point in time yet, so there's still a bit
of time for this one.
Speaker 2 (14:39):
It expires on the epoch five fourteen and.
Speaker 1 (14:43):
We're currently at epoch five eight, so quite a bit
of time here to go for this one. But you
can see the direction. It's not going to be called
the Hosky hard fork, all right now. The last thing
I want to talk about here as a comment that
got my YouTube channel here, and this is all about
it's being called a paid shill for interviews that I
do on my channel. So some projects do well, some
(15:03):
projects don't do well, and it's hard for me to
vet these things, but people say, hey, you got paid
for this, you're shilling this project.
Speaker 2 (15:10):
You're profiting on us.
Speaker 1 (15:11):
Now, I'd like to mention that in the Kadana space,
it's weird, it's different. No one gets paid for any
of these interviews. I've spoken to other people that have
come into the ecosystem like bridges, exchanges and all that,
and they ask what your rate card is? How much
are you guys getting paid? Like how do you organize
an interview? I tell them we don't charge, and they've
(15:35):
taken aback because they don't understand everyone else charges. Why
don't you guys charge? That's just the way it's been.
It's from the very early days. You create content, you
try and gain traction. Everyone's trying to gain traction and
no one's charging. So this is where we've ended up
at the moment in the Kadana space with content creators
not charging for videos. And as a result, you know,
I'm just going to stop doing interviews. If people are
(15:59):
going to call me a pay chill, I'm just going
to stop. So you can't accuse me of anything. And
this is also Paul's sentiment as well. He can He
also doesn't charge for interviews and he doesn't like these accusations,
so he's not going to do it either. So this
is this is just how it is in the Cadana space.
(16:20):
You think that we get the big bucks for doing
these interviews, we do not.
Speaker 2 (16:26):
Anyway.
Speaker 1 (16:26):
Anyway, if you enjoyed the content, if you enjoyed the
video overall, please at least hit that thumbs up on
your way out hip subscribe notification. Bell wonders for the
YouTube algorithm. I'm actually getting demonetized on my last video
for whatever reason.
Speaker 2 (16:40):
So I don't know. This YouTube thing is a mystery
and I'll see in next video. Guys,
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