Please send any great links and news on Revolution Populi! I haven't looked at it much since you last posted, there's always a lot of news to look into.

Are there some good youtube channels or twitter handles with updates?

Revolution Populi is a very sore subject for me. I had an opportunity to buy into Rev Pop during the first of the three initial auctions. I had 1 ETH (valued at $1800 at the time) in a metamask wallet set aside to invest in this specific project.

At a purchase price of 0.0000001304123255 ETH ($0.000234742186) per RVP token during the first auction, that 1 ETH would've given me 7,667,987 RVP tokens. Sadly I couldn't buy in because I couldn't pass the strict KYC put in place that prohibited US residents from participating in the auctions. I was livid!!!

On 10/15/2021, RVP reached an all time high of $0.1424 per token. I lost out on almost $1.1 million because the SEC are such bitches that the Rev Pop team decided to just prohibit US residents from participating and save themselves the headache!

https://files.catbox.moe/3nygs9.PNG

Data ownership. Now that's the glitch in the system. We have to fix or forget it.

I had purchased some last week since gas was super low!

Yes the SWIFT banking system is the cabal. It is not a cryptocurrency, its been in use since the 1970s

A good place to start is download the Strike app. You can buy BTC in small increments (as little as 50 cents I believe). They offer better spreads from spot and lower fees compared to Coinbase. This permits a low commitment option to get used to buying crypto and opens the door for research. Nothing like a little skin in the game to get you to study.

Don't leave a lot of BTC on strike. You'll want to transfer some into a wallet. Muun is a good option, but not the only one.

Most important thing - wallets and apps will give you a list of words - this is your seed phrase to access your holdings from anywhere. WRITE THIS DOWN. You NEED this. Put is somewhere safe. Amazon sells fireproof document bags cheap. Do not store your seed phrases on your phone or computer.

This just permits you to dip your toe in the water. Happy to talk more.

It takes less than $2 in ADA to start staking and learn the process of that. There are many projects on there that are less than $1 a token that I think will increase significantly in value during the next bull run (or possibly sooner).

What I would do is use the money you have to learn how to buy/sell on centralized exchanges, get a crypto with smart contracts (again I would be against with Ethereum due to fees but there are several other cryptocurrencies running smart contracts), learn how to buy/sell on a Dex, how to provide liquidity to liquidity pools on a DEX, learn how DeFi works, etc.

This would take a chunk out of $100 (maybe $10 or less on cardano) but you would be much more knowledgeable in how crypto and DeFi work. When new opportunities arise you can be on of the first to get in on the action.

I was asked to do this by u/catsfive

This is his site. He is the main mod.

https://greatawakening.win/p/15JnYqIMZo/x/c/4OeyrSmSOGI

If there is a crypto or a topic in the economy you would like me to talk about lmk.

Why does Cardano get hated on so much

Get some and stake it. Coinbase is an easy option. Eth isn't going to be kicked off it's throne anytime soon.

It very well may double or triple in the future.

My honest opinion is I think ETH is not a good investment at all. If it doubles or triples that means several other viable projects will 10x or even 100x.

First of all, the ETH 2.0 upgrade moving ethereum to proof of stake leaves it very vulnerable to a 51% attack

It just takes 2 top stake pools (LIDO and Coinbase) joining together to control 46% of the entire Ethereum network in post merge Ethereum.

https://nitter.it/santimentfeed/status/1570339602346684416

Kraken is the 3rd largest (American crypto exchange like Coinbase) and together these 3 stake pools control over 60% of the network.

If these 3 staking pools secretly joined together, they have the power to change the Ethereum ledger and route money from addresses wherever they see fit. This is very unlikely to happen as once its discovered the price of Ethereum will drop immediately but this is extremely worrisome to even have thay capability.

Cardano meanwhile would need the 20+ top stake pool groups to come together to cause a 51% attack. Take a look at their Nakamoto Coefficient (the number of stake pools groups needed to come together to do a 51% attack)

https://datastudio.google.com/u/0/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/p_9vyfu6gorc

These are some of the best numbers for decntralization in Crypto and much better than Ethereum or Bitcoin. Binance, XRP, Solana are all centralized platforms anyway (not what I consider crypto).

Second, it takes 32 ETH along with your own computing equipment to set up your own stake pool (about $42k for the ETH right now without buying the stake pool equipment). If you don't have 32 ETH you can stake in LIDO stake pool (currently the biggest stake pool on ETH 2.0). You will have to setup a smart contract and LIDO will have custodial ownership of your funds. If LIDO has any kind of screwup on their network, their funds are slashed (meaning taken away) and you can lose all of your ETH. Extremely Bad! Same if you do something wrong on setting up a Stake pool with 32 ETH, if you have any screwup in running your stake pool, your funds get slashed and you can lose your ETH. Someone correct me if I'm wrong but I think if the power went out on a stake pool it could all (or a good portion) of its funds slashed.

In Cardano it takes 3 Ada to start Staking (2 Ada deposit for initial staking given back when you take your crypto out of the staking pool). Many stake pools were running until recently on a $100-200 Raspberry Pi 4 (too lazy to look up price). Staking is non-custodial meaning your funds can't be taken from you. Think of your ADA coins as votes used for the Cardano network to randomly pick a stake pool to process transactions. The more ADA coins voted on that stake pool, the more likely that stake pool gets picked to process transactions, get fees, and some newly minted ADA all divided up between the stakers and that stake pool.

Third, ETH 2.0 upgrade doesn't fix failed transactions and fee. I lost $300 December 2021 because of fees paid to failed transactions on the Ethereum Network. Now you can go down more rabbit holes and use networks like Polygon or LoopRing but that's a whole other headache for regular investors. You expect Ethereum to work and when it eats your money away your left stunned and furious why anyone would use it.

The failed transactions is due to the accounting model. When several transactions are taking place at the same time on the Ethereum system, 2+ transactions that happen at the same millisecond will cause one to go through and the others booted with their fees being taken. This is because in the accounting model the entire blockchain is taken as a global variable in the transaction which is very inefficient with the way the transaction itself is handled and the amount of energy needed to process that transaction (even on ETH 2.0)

Fourth, many hacks happen on Ethereum because of the Solidity programming language used and because of a lack or certication & standards for dApps. Cardano addresses this

https://iohk.io/en/blog/posts/2021/10/25/new-certification-levels-for-smart-contracts-on-cardano

but Ethereum is not even though Ethereum is a much larger network with more money flowing through its networks.

Cardano does things more slowly than people may like but once its built it never breaks. They use Haskell Programming language that automatically stops many bugs from compiling in Haskell that can run in Ethereums Solidity smart contracts. It also takes less resources to audit and secure Haskell programs (which are more strict, less expressive) than Solidity ones (which are more expressive, but also more open doors).

Fifth, a couple of stake pools in Ethereum were already hacked last summer and all of their money drained out. I would never trust them just from this alone. It will take me a minute to find the articles on the 2 stake pools that were hacked last summer (had to use web.archive.org because their links were taken down, takenote of this).

(June 2021) StakeHound, the second biggest ETH 2.0 staking pool lost their users' private keys. 38,178 ETH (~$75m) is lost forever. Not your keys, not your coins!

http://web.archive.org/web/20210623111111/https://ourbitcoinnews.com/lost-access-rights-worth-8-billion-yen-worth-of-ethereum-entrusted-or-major-custody-fireblocks-are-sued/

Cardano (ADA)'s Best Salesman is Ethereum | Cardano Rumor Rundown #99 | Army of Spies

https://www.youtube.com/watch?v=MEvHS72K3Wo

People are starting to realize that the Stakehound private key loss in ETH may attract unwanted regulatory attention to Ethereum 2.0 while this problem could never have occurred in Cardano. Also, only a few days later another ETH stakepool (this time SharedStake…the sixth biggest ETH Stakepool) allegedly experiences a rugpull that some are valuing at over $30MM. This is another problem that could not happen in Cardano staking. It feels like we stepped into the ring, they rang the bell, and ETH just started punching itself in the head. Eventually it’s going to KO itself.

https://nitter.it/Madror7/status/1408505144984051716

https://archive.ph/GzDmu

https://nitter.it/JamesSpediacci/status/1407761823143645189

https://archive.ph/ncg1i

https://nitter.it/MeiTrades/status/1408117430656905219

https://archive.ph/5xYGW

http://web.archive.org/web/20210625212610/https://sharedstake.medium.com/the-sharedstake-story-by-kairos-44d37aa7837a

Cardano (ADA) Watching ETH KO Itself | Cardano Rumor Rundown #102 | Army of Spies

https://www.youtube.com/watch?v=ELgoHFPYce4

Sixth, They've been planning "The Merge" of bringing Ethereum to Proof of Stake since 2015 and talking about releasing it all the way back in 2016. This is all just to become an inferior proof of stake compared to Cardano which released in 2020. It took Ethereum developers 7 Years to move to proof of stake.

https://files.catbox.moe/uea6n1.mp4

Seventh, Ethereum started burning their ETH coins in every transaction to make it a "deflationary currency". All this does is create more speculative investors and less people using projects because they think "the value of Ethereum will go up the longer I hold because there will be less coins in the future".

What makes ETH valuable? The projects built that use the Ethereum network. When you burn coins during every transaction, that gets people in the mindset of just hoarding their coins and not using them in projects. That means projects on Ethereum become dead over time. That means the value of Ethereum becomes dead.

On their current path, I think Ethereum will be a dead ecosystem in 5-10 years where you will still have Bitcoin, Cardano, and others.

Eighth, Vitalik Buterins future Ethereum roadmap released on the Bankless podcast episode stated he planned to centralize many entities important to the Ethereum Ecosystem in the future. One of the biggest points I remember was he plans eventually to have only 1 centralized entity have a complete copy of the Ethereum blockchain. The rest of the nodes would be running a part of the blockchain up to a certain point in time.

99 - Endgame | Vitalik Buterin

https://www.youtube.com/watch?v=b1m_PTVxD-s

This also with the fact that he did not state any plans to address growing increase in costs that would be increasing for stake pool operators. No plans made to make things more efficient in increasing blockchain size.

Ok I won't use it as a source next time.

Those Ada bags are gonna pump regardless of me. Its just a much better project overall.

Dear God no, ada won't be as valuable as BTC. It is a niche coin.

Do you see ADA becoming as valuable as Bitcoin? Will ADA evolve into a digital currency that is adopted globally, is lightening fast, is private (fungible), and secure?

Yes to all of those. Projects on Ada expand the economy on top of making peoples money secure.

Here is a great article on 11 ways Cardano plans to scale in 2022. Several have already come to pass like pipelining and reference scripts. Hydra and Mithril are still coming and lots of activity on their github open source code.

https://iohk.io/en/blog/posts/2022/01/14/how-we-re-scaling-cardano-in-2022/#

Follow up question, will ADA be used to tokenize assists such as real-estate? How or why should I tokenize my house?

You should check out Gokey, a Cardano project to tokenize real estate. Gokey and tokenizing real estate brings new business opportunities for people such as renting a house that can go towards their down payment of a house. Gokey is still a very new project and a bit of a gamble. If I remember right younger more tokens right now buying Gokey off a DEX than staking in their ISPO

https://gokey.network/

A great interview with Gokey by Learn Cardano

Building Wealth with Blockchain Real Estate & Tokenized Properties | Learn Cardano

https://www.youtube.com/watch?v=2De1Vp7W6jQ

Thank you for educating folks on the dangers of Bitcoin. Personally, I think it’ll fall to near zero at some point

I think it'll remain a store of value for a time but I don't think it'll fall to zero until Quantum Computing becomes prevalent enough. Hopefully Bitcoin developers add in a quantum proof algorithm by then but Bitcoin is known for bit changing at all.

Here's a interesting video Charles Hoskinson put out recently where he thinks that most Bitcoin will become wrapped bitcoin to be used as a store if value on other more efficient cryptocurrency networks. This will mean most Bitcoin is taken off the network and Bitcoin miners get much less in fees.

Bitcoin is Digital Gold. Let's talk about the mine... | Charles Hoskinson

https://www.youtube.com/watch?v=CWSUatgdd5U