Small altcoins with huge potential! (NO TOP 100 COINS) | Crypto market update

Summary

In this episode of 'Crypto Over Coffee', the host discusses the relationship between hash rate and cryptocurrency price, particularly in proof of work systems like Bitcoin. The conversation extends to the impact of hash rate on network security and market attention. The host also shares personal preferences between BlockFi and Celsius, highlighting reasons for favoring Celsius. The discussion delves into the concepts of bulls and bears in the crypto market, emphasizing the importance of market sentiment. The episode further explores various altcoin projects outside the top 100 market cap, focusing on NFT projects like Terra Virtua and Effinity, interoperability efforts such as Icon and Cardano, and DeFi innovations including Osmosis and Secret Network. The host also touches onmiscellaneous projects like Unibright and Zeitgeist, providing insights into their unique offerings. The segment '404 Logic Not Found' critiques a negative op-ed on cryptocurrencies, advocating for balanced viewpoints and understanding of the technology.

Takeaways

• 🌟 The episode focuses on interesting altcoin projects outside the top 100 market cap coins, aiming to educate rather than encourage impulsive buying.
• 💡 Hash rate in proof of work cryptocurrencies has an indirect relationship with price, affecting miner profitability and network security.
• 📈 The presenter prefers Celsius over BlockFi for its competitive reward rates and robust security measures.
• 🐻🐂 The terms 'bulls' and 'bears' are used to generalize market sentiment rather than representing two distinct groups with opposing interests.
• 🟢 The recent uptick in crypto markets is attributed to waning fears around Grayscale's GBTC shares unlock and periods of accumulation at low prices.
• 🎨 Terra Virtua is highlighted for its focus on enhancing the user experience and interaction with NFTs, offering both desktop and mobile applications for immersive experiences.
• 🔄 Effinity is an upcoming project aimed at achieving true interoperability for NFTs, allowing seamless and secure transfer across different blockchains.
• 🔗 Icon is working on its 2.0 version and the Blockchain Transmission Protocol (BTP) to enable communication and transactions between different blockchain networks.
• 💸 Osmosis and Secret Network are mentioned as promising DeFi projects on an interoperability ecosystem, offering innovative solutions in AMM and privacy-respecting applications.
• 🚀 Cardano's ADA token holders are encouraged to delegate to the presenter's stake pool, with the ticker symbol H4SH, to support the show.
• 🛑 The segment '404 Logic Not Found' criticizes a biased and illogical op-ed piece against cryptocurrencies, emphasizing the importance of understanding before criticizing.

Q & A

What is the main topic of today's episode of 'Crypto Over Coffee'?

The main topic of today's episode is discussing interesting altcoin projects outside of the top 100 market cap coins in the cryptocurrency world.

How can hash rate impact the price of proof of work cryptocurrencies?

Hash rate can indirectly impact the price of proof of work cryptocurrencies like Bitcoin. As hash rate rises, the difficulty in mining also increases, causing miners to put in more effort to maintain their share of the hash rate. This affects their profit and loss margin, leading them to potentially sell more of the cryptocurrency to cover costs, which can influence the market price.

What are the two NFT projects mentioned in the episode that are outside the top 100 market cap?

The two NFT projects mentioned are Terra Virtua and Effinity. Terra Virtua focuses on improving the user experience and interaction with NFTs, while Effinity aims to provide a cost-effective, secure, and widely interoperable NFT platform.

What is the Blockchain Transmission Protocol (BTP) and its significance in the development of ICON project?

The Blockchain Transmission Protocol (BTP) is a general-purpose communication protocol that allows different and heterogeneous blockchain networks to communicate with each other through relayers to the ICON network. This enables ICON's blockchain to openly communicate and exchange transactions with other blockchain networks that integrate using BTP, making ICON a hub for cross-chain communication.

How does the Osmosis project contribute to the DeFi ecosystem?

Osmosis is a cross-chain automated money maker platform (AMM) that leverages a liquidity pool mechanism. It allows for the exchange of cryptocurrency pairs across different blockchains and provides liquidity providers with ample rewards for participating in the protocol, thus enhancing the DeFi ecosystem by facilitating cross-chain transactions and liquidity provision.

What is the primary goal of the Bumper project in the cryptocurrency space?

The primary goal of the Bumper project is to provide volatility insurance or protection for crypto holders and users. It shields them from downward volatility while preserving their ability to benefit from upward price swings, functioning almost like an insurance policy for users with exposure to highly volatile cryptocurrencies.

How does Unibright aim to help enterprises adopt blockchain technology?

Unibright provides a highly abstracted set of tools and platforms designed to help enterprises, even large ones like Coca-Cola, adopt blockchain technology. It allows them to leverage the benefits of a public blockchain while also maintaining some data and transactions privately, making it easier for these organizations to integrate blockchain solutions into their operations.

What is the concept behind the Zeitgeist project and its role in prediction markets?

Zeitgeist is building a platform for prediction markets, where entities can pose questions or hypotheses, and others can buy shares in a new prediction market based on their predictions or beliefs regarding the given question. An oracle provides the definitive result, and those with the correct prediction get rewarded proportionally to their shares. It also includes a mechanism for resolving disputes in a decentralized governance court or tribunal.

What criticism is highlighted in the '404 Logic Not Found' segment of the episode?

The '404 Logic Not Found' segment criticizes an op-ed piece from The Hill titled 'Bye-Bye Bitcoin It's Time to Ban Cryptocurrencies'. The criticism is centered around the author's apparent lack of understanding of cryptocurrencies and the assertion of negative viewpoints without providing a balanced perspective or understanding of the technology.

What advice does the host give to viewers regarding the mentioned altcoin projects?

The host advises viewers not to rush into buying the mentioned altcoin projects but to use the information as a starting point to learn more and determine if these projects align with their own interests and investment strategies. The focus is on education and understanding rather than impulsive investment.

Outlines

00:00

📺 Introduction and Hash Rate Discussion

The video begins with a welcome to the 'Crypto Over Coffee' series, where the host discusses the latest news and hot topics in technology and cryptocurrency. The main topic of this episode is about interesting altcoin projects outside the top 100 market cap coins. The host also encourages viewers to engage by leaving comments and questions. A key question addressed is the relationship between hash rate and cryptocurrency price, specifically in the context of proof of work cryptocurrencies. The host explains how hash rate affects mining difficulty and subsequently the profit margins of miners, which in turn can influence the selling pressure and thus the price of cryptocurrencies. The segment also touches on the security aspect of hash rate and its role in attracting media attention.

05:01

💬 Platform Comparison and Market Sentiment

The host continues the discussion by comparing two cryptocurrency platforms, BlockFi and Celsius, based on user experiences and reward rates. The preference for Celsius is highlighted due to its competitive rewards and robust security measures. The episode also addresses the concept of 'bulls' and 'bears' in the context of market sentiment, explaining that these terms are more about generalized market conditions rather than distinct groups of people. The host advises viewers to consider overall market sentiment and their own market outlook rather than simply categorizing investors as bullish or bearish.

10:02

🚀 Special Episode on Altcoins

The host announces a special episode focused on altcoins that are not part of the top 100 cryptocurrencies. The goal is to introduce viewers to lesser-known projects and encourage them to research and understand these projects rather than rush into investments. The first category discussed is NFT projects, with 'Terra Virtua' highlighted for its focus on user experience and interaction with NFTs. The project offers a platform for issuing, interacting with, and exchanging NFT assets and addresses high fees through its platform. The host also mentions 'Effinity', an interoperability blockchain project aimed at creating cost-effective, secure, and interoperable NFTs.

15:04

🌐 Exploring Interoperability and DeFi

The host delves into the world of interoperability, starting with 'ICON', a project aiming to create an interconnected network of blockchains. The upcoming ICON 2.0 and the Blockchain Transmission Protocol (BTP) are expected to bring significant improvements to the network. The host also discusses 'Cardiac Chain', which leverages a sharded blockchain network architecture to sync with external blockchains and enable cross-chain smart contracts. In the DeFi space, 'Osmosis' and 'Secret Network' are mentioned as projects with unique offerings, such as cross-chain AMM and privacy-focused financial services, respectively. 'Bumper' is introduced as a project providing volatility insurance for crypto holders and users.

20:05

🔍 Miscellaneous Projects and 404 Logic

The host wraps up the episode by highlighting several miscellaneous projects that don't fit neatly into a specific category. 'Unibrite' is mentioned for its efforts to help enterprises adopt blockchain technology while maintaining some privacy. 'Zeitgeist' is discussed as a prediction market project that allows users to buy shares in a new market based on a hypothesis and get rewarded based on the correct prediction. The '404 Logic Not Found' segment critiques a negative op-ed about cryptocurrencies, arguing that the author's lack of understanding of the space invalidates their assertions. The host emphasizes the importance of balanced viewpoints and comprehensive understanding before making bold claims about any subject.

Keywords

💡Cryptocurrency

Cryptocurrency refers to digital or virtual currencies that use cryptography for security and operate on decentralized networks, such as blockchain technology. In the video, the host discusses various aspects of cryptocurrencies, including their market dynamics, the relationship between hash rate and price, and different projects outside the top 100 market cap coins.

💡Hash Rate

Hash rate in the context of cryptocurrencies refers to the speed at which mining operations can perform the necessary computations to validate transactions and add new blocks to the blockchain. A higher hash rate means more computational power is being applied to the network, which can affect the difficulty of mining and, indirectly, the price of the cryptocurrency.

💡Market Cap

Market capitalization, often referred to as market cap, is the total value of all the outstanding coins of a particular cryptocurrency and is calculated by multiplying the current price of the asset by its circulating supply. It is an important metric used to compare the size and value of different cryptocurrencies.

💡Proof of Work

Proof of Work (PoW) is a consensus algorithm used by many cryptocurrencies, including Bitcoin, where miners must perform complex calculations to solve a cryptographic puzzle. The first miner to solve the puzzle gets to add a new block to the blockchain and is rewarded with the cryptocurrency. This process requires significant computational power and energy consumption.

💡Staking

Staking in the context of cryptocurrencies refers to the process of participating in the proof of stake (PoS) consensus mechanism of a blockchain network by holding and 'staking' a certain amount of the cryptocurrency in a wallet to support the network's operations, such as validating transactions. Stakers can earn rewards for their contributions to the network's security and functionality.

💡NFT

NFT stands for Non-Fungible Token, which is a unique digital asset that represents ownership of a specific item or piece of content, such as digital art, collectibles, or virtual real estate. Each NFT is one-of-a-kind and cannot be exchanged on a one-to-one basis with another NFT, unlike cryptocurrencies which are fungible.

💡Interoperability

Interoperability in the context of blockchain refers to the ability of different blockchain networks to communicate and exchange data with each other. This is a crucial aspect for the growth and mass adoption of blockchain technology as it allows for seamless integration of various blockchain services and platforms.

💡DeFi

DeFi stands for Decentralized Finance, which is a financial ecosystem built on blockchain technology that aims to provide alternative financial services such as lending, borrowing, and trading without the need for traditional intermediaries like banks or brokerage firms. DeFi platforms are typically open-source and allow for financial transactions and interactions in a trustless and transparent manner.

💡Prediction Markets

Prediction markets are platforms where individuals can buy and sell shares based on the outcome of events or the resolution of questions or hypotheses. These markets function as a mechanism for forecasting, as the prices of shares reflect the market's collective belief about the likelihood of different outcomes.

💡404 Logic Not Found

This is a segment in the video where the host highlights and critiques illogical or poorly reasoned arguments related to technology or cryptocurrencies. The name is a play on the '404 Not Found' error message used in web browsing to indicate that a requested resource could not be found, symbolizing the lack of logical content in the critiques being addressed.

Highlights

The relationship between hash rate and cryptocurrency price, particularly in proof of work cryptocurrencies.

How an increase in hash rate leads to a rise in mining difficulty, affecting miner's profit margins and potentially leading to more selling pressure.

The security aspect of hash rate and its role in attracting attention to the cryptocurrency world.

A comparison between BlockFi and Celsius, with a preference for Celsius due to its competitive rewards and security features.

The explanation of market sentiment in terms of bulls and bears, and how these terms generalize market conditions rather than representing distinct groups.

A warning about potential scams in the comments section of crypto-related content.

A special episode focused on altcoins outside the top 100 market cap, aiming to educate rather than encourage FOMO.

Terra Virtua's innovation in improving the user experience and interaction with NFTs, including 3D characters and immersive experiences.

Effinity's goal to create a cost-effective, secure, and widely interoperable NFT ecosystem.

The importance of interoperability in blockchain technology for mass adoption and its impact on the future of the crypto market.

ICON's development and adoption of the Blockchain Transmission Protocol (BTP) for heterogeneous blockchain networks to communicate with each other.

The potential of Osmosis as a cross-chain AMM with a well-designed user experience and implementation.

Secret Network's privacy by default approach and its recent launch of SeFi, a secret voting application.

Bumper's volatility insurance solution for crypto holders, protecting from downward price swings while allowing for potential upside.

Unibrite's efforts to provide enterprise tools for blockchain adoption, including partnerships with major brands.

Zeitgeist's prediction market platform, allowing users to buy shares in predictions and be rewarded based on correct outcomes.

A critique of a cryptocurrency takedown op-ed piece, highlighting the importance of understanding the subject before making bold assertions.

Transcripts

ladies and gentlemen people of the

internet welcome back to yet another

episode of crypto over coffee i hope

you're doing well today

if you're new here every saturday we

break down the latest news and the

hottest topics in the world of

technology and cryptocurrency

over a cup of delicious coffee that

being said in today's episode i'm

talking about some of the most

interesting altcoin projects outside of

the top 100 market cap coins that you

hear about all the time

so make sure you stick around till the

end of the video to hear about all of

them

now as always let's kick it off with

questions from you the awesome folks who

support crypto over coffee

so if you want one of your own questions

answered make sure you leave them in the

comments below of the youtube video

tweet me at hishoshi4 and if you would

be so inclined

please do subscribe to the channel and

hit the bell notification button

or follow the podcast on your platform

of choice so that you can get a heads up

on

whenever i post new episodes of crypto

over coffee across those different

platforms

and finally if you are a cardano ada

holder please do consider delegating to

my stake pool

with the ticker symbol h4sh so a big

thank you for that in advance all right

so let's go ahead and dive into the very

first question and this is from

crypto domain sale my question is what

relationship is there between

hash rate and cryptocurrency price so

this is an interesting one and i think

this is mostly referring to of course

proof of work cryptocurrencies where

hash rate

is derivative of sort of the total

number of miners how much compute power

is being pushed through the network

and of course working to solve those

cryptographic puzzles or

solve for proof of work now hash rate

has a relationship to price in a very

tangential way

so the as hash rate rises so does

generally the difficulty in proof of

work protocols like bitcoin

as that difficulty rises miners have to

put in

more effort relative to the rest of the

network to

maintain their share of the hash rate

and subsequently mine

a block and when they mine a block they

get rewarded so that affects the profit

and loss margin so the profit margin

for a given uh minor in the bitcoin

network

and so it does have an impact on price

because

when you are going through and you are

you're hashing and you're spending all

of this money you're spending these

resources you're consuming electricity

in order to

to mine a block to get rewarded you of

course are going to be more likely to

sell bitcoin in order to cover costs the

more costs you are going to have

so hash rate has a relationship there

but also hash rate does play into the

security of the network which is a

positive thing

hashrate also plays into um sort of

pushing

more and more and more and more

attention

towards the cryptocurrency world and

towards bitcoin particularly which is

not a design thing that's just something

that happens as hash rate hits new

milestones

news outlets start talking about it what

have you so there are both positive

and negative potential implications to

hash rate

but in a general sense hashrate does not

unilaterally dictate price it's a very

indirect uh an indirect metric that that

affects price and it's really based off

of miners activity in terms of how

they're you know buying

or selling or holding uh bitcoin so

hopefully it answers your question let's

move on to the second one second

question is from

karen uh borchez i really hope that i

pronounced that correctly

uh i'm already using ledden thank you

for doing that but i would like to know

your opinion between

block fi and celsius which one do you

prefer

so for those of you who don't know

leaden is a sponsor of crypto over

coffee i love their service if you want

to earn yield on usdc and bitcoin

please do check out ledden link is in

the description below big thank you to

ledden for sponsoring the show between

blockfy and celsius and i actually do

use multiple of these different

platforms like i kind of like to spread

it out so

i actually very often use celsius as

well so between block fine celsius i do

prefer celsius over blockfy

there are a couple of reasons for that

some of the the consistent

reductions and reward rates for blockfy

like i understand why they're doing it

right market conditions

profit margins investment all these

things drive their decisions to

try and make more profit and and balance

their business

better against potential risk so i

totally understand that but they just

keep reducing reward rates

and for me if i'm going to take the risk

of putting my crypto in a custody

environment

like you have to with these services i

want to earn the maximum amount of

rewards possible

and in this case the yields just weren't

enough for me so

i use leddin and i use celsius i also

think celsius has provided me

all the different tools that i want to

have for security

it has the most friction of any service

i've ever used to log in

to actually use the service and actually

move my crypto assets and

and do things with it people think oh

it's a bad thing it's not a bad thing

it's the best possible thing

whenever i go through and i log into

celsius i feel great about the security

that's there

in order to protect me and my assets

and subsequently i think that celsius

has done a good job of balancing market

conditions against continuing to pay

good competitive rewards rates so i like

celsius a lot between the two i'd have

to pick celsius

i don't hate block fi i actually still i

think have a blockfi account and still

use it in some semblance

but i prefer celsius over blockfi thank

you for your question

and finally last question of the day is

from bad carol

i've been confused by the talk about

bulls and bears because obviously crypto

is not simply made up of two separate

camps you want to see crypto go up or

down

doesn't make any sense what would you

say bulls and bears actually are

and how do these two how are these two

images helpful to our understanding of

the markets

so you are totally correct and that

there aren't just two separate groups of

people who want crypto to go up versus

go down

those are the polar opposites people

human beings tend to think in black and

white so you've got

people who hate crypto and want it to go

down and who think it's going down

and people who are really bullish who

think it's always going to go up and

everything is hope and passion and

excitement for the future of crypto

there are those extremes there are those

extremes but in between

is most of the population of people who

are really focused on

you know what's good for for me in terms

of investing

how can i protect myself how can i

maximize my rewards and minimize my risk

how can i take calculated risk to make

money and

how can i look at this market in a sort

of um

objective way in order to make money i

mean that's a lot of what people want to

do but also to invest in the future this

technology has a lot of positive impact

so the way that i would look at it is

that bullishness and bearishness is is

more like

an average right you can look at the

overall sentiment of the market as

bearish during times where there's a lot

of fear of regulation lots of fears

about the gray scale gbtc

shares unlocking all sorts of things

like that

and so you also have on the other side

this mass euphoria when things are

bullish and prices are going up so it's

sort of a way to generalize how the

market conditions are

rather than they're being two

populations of people who are either all

in or all out it's really more so just a

generalization of

a um a sort of personification of a

market sentiment

so therefore don't don't read too much

into the bulls and the bears

more so thinking about what the overall

market sentiment is and how

your own outlook on the markets plays

into that and how you can

you know take advantage of your

understanding of the markets and the

conditions there and so

thank you so much for your questions

let's move on now to the news section of

the show we've got a very special

episode today

and i will explain that here in just a

second but before we do that though

just a friendly reminder please be aware

of scammers that are in the comments

posing as me and other crypto youtubers

i do not have a whatsapp i will not ask

you to contact me particularly via phone

i actually don't like people reaching

out to me via phone if the comment does

not have the name highlighted like you

see here on the screen it isn't me and

you can report them

so please be safe out there folks in

partnership

also every week with the folks at

keystone i give away a keystone tablet

steel seed phrase backup device in

every single episode by picking a random

comment from the video and i also give

away one keystone hardware wallet per

month

and just for transparency the product is

only available in select regions

so if you win and you are from an

unsupported region i will just send you

some bitcoin instead

so the winner of last week's giveaway

for the keystone is here on the screen

via random draw

big congratulations to you and of course

i will be in touch

now folks today i want to keep this

crypto market update

very brief because this is a special

episode centered around

altcoins more on that in just a second

but we have finally managed to hold a

week of green in the crypto markets with

bitcoin back above 40 000

and ether nearing 2500 who knows what

recent regulatory news is going to do to

prices

we shall see and altcoins though for the

most part are following suit with

singular double-digit gains this week as

well

why is this well i think first of all

the fear around the gbtc

shares unlock from grayscale capital

that was talked about all throughout

july

turned out not to be the total calamity

that many had made it out to be

and i also think that institutions and

retail alike felt better about buying

after that to

break the selling trend sort of fear was

lifted there were also some significant

periods of time for accumulation over

the last couple months at low prices

which tend to lead towards a run-up

after the fact people buying in

people holding and then we're off but

let's just see how well this holds and

if the next wave of selling pressure

that will inevitably come

sends us back towards previous support

in the low 30 case for bitcoin

or if we hold strong at the 40 000 mark

it's going to be interesting to watch

but i want to know what you think we're

going to see in the coming week more

bullishness or a turn back towards old

support

let me know in the comments below all

right folks now i mentioned that today's

episode

is a special one because it centers

around altcoins specifically altcoins

that are not the usual top 100

cryptocurrencies that you see

all the time on twitter a viewer of the

show challenged me to make a show

with these requirements i'm going to

read them to you

right here the requirements of this show

are as follows make a crypt over coffee

episode only mentioning bitcoin and

ether

as you announce their price and then

after that talk about only alts the

rules you cannot mention top 100 coins

challenge accepted so given this

challenge let's dive into some

sub top 100 alt coins that are

interesting and learn more about them i

think i'm going to split this up into

categories it'll make it easier to

understand where they kind of fit in

the goal here though is not for people

to fomo in and buy these

but instead to use this as a chance to

hear about a project i've never heard of

and maybe

dig deep and figure out if it's

something that you yourself

would be interested in so this is not a

get rich quick or an investment thing

it's a learning thing first off let's

talk about nft projects there are two

nft projects that are outside the top

100

that i think have huge potential and

solve for distinct challenges in the

space these are not the only ones but

these were the first that came to mind

the first of those projects is terra

virtua

which ranks in the 300s in the crypto

market cap charts

and tera virtua is special in the sense

that it's a project that's innovating on

what is arguably the most under

addressed component of nfts

and that is the user experience and

interaction with the nft itself

terra virtua offers a platform to issue

interact with

and exchange nft assets which are often

3d

licensed characters or moments or

objects from popular media like godzilla

king kong pacific rim and more of course

the traditional digital art

still makes up a solid proportion of the

content as well with artists often

featured prominently on the main terra

virtua page

of course the often discussed issue of

high fees to mint and exchange assets is

also addressed in their platform

but the most important part is in their

three-pronged approach

to user experience in interacting with

your nfts

to display them there are two desktop

apps and one

mobile app that can be used to actually

see your nfts in action and experience

them in an immersive way

there's the art gallery and fan cave

terra dome

desktop applications that let you

display and share your digital art

3d characters and models in a

customizable way and those 3d characters

in the pterodome

will scale to this immense size and

virtual reality

so you really feel the scale and that

you own something unique that would go

in a museum

well a digital museum of course the

mobile app on the other hand is a

wallet enabled with augmented reality so

that you can view your entire portfolio

in one place and toss the assets up in

your room

as an augmented reality experience terra

virtua is working really hard to keep

building this platform and it's in the

early stages but

it is super impressive so far by the way

coffee tonic today

now you might call this one cheating

because you can't buy this one yet but

the interoperability blockchain project

dedicated to bringing

cost-effective secure and widely

interoperable nfts called

effinity is one that i am arguably the

most excited about right now going into

next year

one of the big selling points for nfts

has always been they give you this

ubiquitous access and ownership to

digital assets anywhere that you go

but right now that experience is

extremely fragmented due to the isolated

nature of blockchains on which

nfts are created of course you do have

the ability to move from layer 2 to a

layer 1

using a bridge but that's not really

interoperability

for nfts to truly become the evolution

of digital content ownership like it is

poised to be

there needs to be a way for nfts to be

minted on one blockchain

and then freely securely and atomically

transferred to another blockchain back

again and all around

this way an nft that i have can be used

as collateral for a

default loan on another blockchain then

i can withdraw that nft again after

paying back the loan and move it back to

the network where it belongs so i can

use it in a game

you get the idea by the way atomically

that's a word i use all the time

basically means that if i move my nft

from one chain to the other

it must be created on the destination

chain and subsequently burned

or locked on the origin chain or nothing

happens to be an atomic transaction

both operations must occur for the

transaction to work

that is atomicity effinity is going to

deliver on this vision and i believe

that they've chosen the right technology

in their white paper to do it

now because of the rules of the

challenge i'm not allowed to mention the

top 100 project

as part of the challenge so just know

that they are using a certain

interoperability project that exudes

this image

imagery of a series of dots that's all

i'm gonna say

you probably know what i'm saying okay

i'm not gonna go too deep on this last

one but consider it a bonus i've been

looking at dow driven

or decentralized autonomous organization

driven nft marketplaces and platforms

and one that is really impressive to me

so far in my cursory research is called

wilder it has all sorts of cool features

like fractional ownership ready to go

and it seems to be a platform that

really takes into account the ideal

experience for both artists and

collectors

so take a look and see what you think

and shout out to crypto lark for

pointing this one out

i took a look after hearing him mention

it on his channel all right we're going

to move into the world of

interoperability because well

you know me i think interoperability is

the most important component

in the world of blockchain for the next

several years and it will be

one of the big ones to push us to mass

adoption

the very first project in that list that

i want to mention is

one of the only ones on here actually

probably that you've heard me talk about

before

more than once and it's one that sits

right outside the top 100 right now

and that project is icon from the very

beginning of this project

it has sought to create a deeply

interconnected network

of blockchains that would appeal to

enterprises and general user populations

alike

now over the coming months probably the

next two or three months

icon is rounding up development and

migration efforts on its 2.0 version of

its blockchain

which will bring wholesale improvements

to the smart contract execution

environment

the core transactional components and

much more it's a general re-architecture

of everything

and it's all around a better network but

the more notable side of this is the

development and adoption of the

blockchain transmission protocol

or btp for short which is a general

purpose communication protocol that lets

heterogeneous blockchain network so

different blockchain networks that are

composed differently

communicate with each other through

relayers to the icon network

so the icon almost becomes this hub

where communication can occur but of

course btp can be used elsewhere as well

this will enable icons blockchain to

openly communicate and exchange

transactionally with other blockchain

networks that integrate

using btp so i'm really excited to see

what icon 2.0 plus btp

has to offer in the next year or two i

think it's going to be really exciting

and i do want to mention one other

project in the asia region

that is also tackling interoperability

in an interesting way and i've been

researching for a little while now

and that is cardiac chain folks in the

western regions might not have even

really seen it or

looked into it much or heard about it

much but cardiac chain leverages a

sharded blockchain network architecture

sharding not

shart get your head out of the gutter in

which networks

like this shards really are referring to

dual node clients that effectively sync

cardiac chain's ledger with ledgers from

external blockchains

and it preserves the cryptographic

proofs during consensus from those

external chains

cardiac chain has already integrated

blockchains in this way and has

developed a mechanism for cross-chain

smart contracts using their markup

language

ksml cardio chain has also started to

incubate projects on top of their

network like the

really really popular nft project myd5

pet

which is a play to earn nft game that

sits on the interoperability

network cardio chain across a top 100

project that i also can't mention that

starts with a b

so you probably know what that one is

cardio chain is also working to continue

to incubate a series of d5 projects to

serve as the foundation

of a composable defy ecosystem on the

network so it's an interesting one with

an interesting dual node mechanism that

i'm continuously researching

all right but actually we just talked

about defy so let's jump over there now

and there's so many that i can mention

here in the d5 world that are

interesting to me but i'll just mention

two maybe three that are top of mind for

me these days the first one

is osmosis which is a zone on a popular

interoperability project that i also

love

but is also in the top 100 and i can't

mention it due to the rules of the

challenge yet again

so just a hint for what this is it

shares a name with the best science show

of all time

and it was once hosted by carl sagan and

more recently by neil degrasse tyson so

now you probably know what network it's

on

anyway osmosis is a cross-chain

automated money maker platform or amm

that leverages the liquidity pull

mechanism you might be familiar with on

other dex platforms on other blockchains

from my perspective this is one of the

most well-designed user

experiences and implementations of a

cross-chain decks that i have seen

it offers the ability to exchange

cryptocurrency in pairs

across different blockchains but it also

provides liquidity providers

ample rewards for participating in the

key liquidity mechanism

for the protocol i mean building a

constant product liquidity pool protocol

is already somewhat challenging in and

of itself but then you add the fact that

many pairs of assets live on completely

different and sovereign blockchains

altogether

you have even more complexity however so

far even its early stages with lots of

work yet to do

osmosis core product that's really hard

to say by the way

works really well with the kepler wallet

in in this ecosystem and has

been already a success in my book so i'm

excited to see what is to come for this

the other project that is also on the

same overall interoperability ecosystem

or network that

osmosis is on is another d5 powerhouse

that is called

secret network it's privacy by default

network is built with all sorts of

features that make it a unique platform

to build market makers lending and more

on top of

most recently secret network launched

sefi or c5

a secret voting application on top of

the network so that those voting and

governance proposals can do so privately

without feeling influenced by their vote

being public this is a critical part of

governance because

otherwise people feel swayed by judgment

of their public vote if it's not in line

with the majority

now if you've followed secret network's

twitter at all they have some pretty

awesome d5 announcements coming in the

next week or so

which will double down on some of the

already amazing work that's been done

with secret swap

a privacy preserving swap protocol on

secret network so

all the pieces are there i'm really

interested to see how things develop

in the secret world but at d5 is not the

only thing it can do mind you

now another d5 related project that i've

been diving deep into the rabbit hole on

is called bumper

which provides effectively volatility

insurance or protection for crypto

holders and users shielding you from

downward volatility whilst preserving

your ability to catch up swings in price

by the way total full disclosure full

transparency

i was able to purchase a small

allocation in their private sale which i

only did because i was compelled by

their solutions and ideas

i'm not telling you to go buy it i

actually don't mind if you don't buy it

or you're not interested in it just go

research and see what you think again

it's not about buying crypto

so i think this could be a part of

future defy ecosystems where

users with exposure to highly volatile

early stage cryptocurrencies can pay a

premium

to lock in a price floor that protects

them from losses beyond that floor

and liquidity providers who provide the

stablecoin assets to cover users

that pay those premiums for price floor

protection can earn

rewards for doing so so those liquidity

providers would get paid out proportions

of the premiums that are paid by those

looking for protection

so it's almost like an insurance

ecosystem so i can see this being like

an insurance policy for d5 users that

are dabbling in high

risk high yield projects especially ones

that are risky

kind of rug pulley things now this last

section is what i'd call miscellaneous

projects so ones that don't fit squarely

into a category

so here goes another project that sits

near number 200

on the cap charts but has already

achieved quite a bit is

unibrite and unibrite is a project

that's seeking to provide a highly

abstracted set of tools and platforms

for enterprises

ones like huge ones like coca-cola to

adopt blockchain technology and to do so

in a way that gives them both the

benefits of a public blockchain

whilst also allowing them to hold some

data and transactions

privately unibrite's collaboration with

provide to create base ledger an entire

ecosystem and tool set

tailored towards enterprise is a huge

step in the right direction to bring

these massive organizations on board

to the world of blockchain and then

bridge them into the world of defy

and other more decentralized elements of

the of the world

so there are already significant

partnerships which i won't list here for

brevity i'm sure you can find plenty of

those on twitter if you're in the

unibright space but it's a project that

i remain a fan of

and i think that still is extremely

underrated in my opinion

and finally this is another project that

for full transparency i've purchased a

small allocation of tokens for in the

private sale but again

i buy things that i think have a chance

to do well so do not feel any pressure

to do the same that's not

the point again research the project is

called zeitgeist and it's building in a

space that i was really into several

years ago

with projects like auger and that is

prediction markets

essentially you have an ecosystem where

an entity an aggregator can pose a

question or a hypothesis

and others can buy shares in a new

prediction market around that

sort of hypothesis and pose their

prediction or belief on that given

question

what is that variable going to be equal

to then an

oracle provides the definitive result

and those with the correct prediction in

that market get rewarded proportionate

to their shares so you buy

more shares the more confident you are

in your prediction in that market

and of course you would get rewarded

more if you are correct think of an

example like predicting the price of a

cryptocurrency on a given time and date

and for disputes over oracle's

correctness there is also a built-in

protocol for resolving disputes in a

sort of decentralized governance court

or tribunal

which is really pretty fascinating stuff

and there's a lot of forward thinking

elements of this prediction markets

project

and i really like that this space it's a

cool idea so i'm watching this one going

forward

and ladies and gentlemen it is time for

404 logic not found and for those of you

who are as of yet uninitiated in this

little firecracker of a segment

i highlight notable tech related fails

or otherwise stupid moves in the world

that need to get some attention

speaking of attention if you want to

help this episode of crypto over coffee

get some attention from the algorithm

robots

please do hit the like button get

subscribed on the channel or

follow the podcast because it tells

those robots that you like what you're

listening to

you like what you're watching and others

might enjoy it as well

so thank you for that in advance you

didn't think i'd do an episode of

crypto over coffee without 404 did you

anyways today's illogical cereal box

prize in this wonderful

and terrible cryptocurrency takedown

op-ed piece from the hill

is none other than something titled

bye-bye bitcoin it's time to ban

cryptocurrencies

i mean this article basically asserts

the same exhausted and fallacy written

talking points about crypto

that it's basically worthless to

everyone but criminals and

banking officials say that

cryptocurrencies aren't a means of

exchange or value preservation

and they're bad so we get it

i mean you know this but asking a set of

banking officials if they like

cryptocurrency is like asking an italian

if they like pineapple pizza you already

know the answer that you're going to get

and it surely doesn't support your

reasoning that

pineapple pizza is bad i mean i could go

on for an hour about each talking point

in this article and how it's so woefully

illogical and biased and flat out

farcical but

instead i'd like to illustrate the most

logical part which is that the writer

seems to admit their lack of

understanding of the entire space and

then proceeds to denounce it

and i quote i've never understood why

cryptocurrencies are worth

anything that's the very first statement

in the entire piece and while i know

that the purpose of this is to

illustrate hey i don't think that the

cryptocurrency is worth anything

i personally believe that the first step

in an argument for or against something

is understanding that thing to say that

in the first

line is not only something that doesn't

make a lot of sense

it just invalidates any semblance of

authority that the author might have on

this subject is an

impartial person right i can cherry pick

a dozen reasons why fiat currency is

flawed but here's the difference

i can also note areas where fiat

currency provides value and merit

despite its many flaws

same for the internet same for home

ownership same for

everything everything you can think of

is the sum of its positive and negative

aspects which you have to understand

fully before making such bold assertions

about its merit

you cannot reasonably hate that which

you do not understand

not without a distinct 404

logic not found in this case folks

people are free to hate cryptocurrency

free to think that it's pure evil free

to do all these things but at least at

least

try and balance your extreme negativity

your assertions

even in an op-ed even an opinion piece

with counterpoints so people can

actually understand

the opposing viewpoints don't just leave

it out and pitch things as fact to me

that doesn't make a whole lot of sense

but anyways make sure you are subscribed

because

the next episode of the official

standalone 404 logic non-found

series which the first episode actually

posted last wednesday or this past

wednesday

is coming a week from this coming

wednesday i've made this whole thing

very confusing

anyways the latest episode of 404 logic

not found the standalone show is coming

a week from this coming wednesday if

you're watching this on

the saturday which this episode drops on

thank you so much for all the support

you give me on the channel and if you do

have time to stick around

i will link up that first episode of 404

logic not found the standalone show here

on the screen for you to watch

if you are interested and regardless of

that folks i really appreciate you

taking the time to watch the episode i

hope you and your family have a

wonderful weekend

and week ahead and until next time

[Music]

cheers