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@Patch in October 2022

@Patch

Even the sly fox has to sleep sometimes, and so do I. See you tomorrow, sleep well, and if you're still up. I hope you have a productive night. =) Sweet dreams everyone.

@Patch

What are you looking for in a cryptocurrency? Is there a key feature that gets you excited? Or is there perhaps one that is an immediate no for you? Please share your thoughts with me. =)

@Patch

Solana, 4th time is the charm, or is it? Solana is down again Unfortunate news seems to follow Solana like a bad smell. This is the 4th time this year alone that the Solana blockchain has come to a screeching halt. What happened this time? This time the culprit was a misconfigured node. This node then in turn caused an unrecoverable partition in the network. The good news however is that the Solana devs were fast to respond, as they always seem to be. And addressing the…

@Patch

Per Aspera - an initial look at the game and review Per Aspera by Raw Fury and Tlön Industries, the Mars colonization game you probably have missed. But is it any good? That is what I will try and answer in this post, which is both an initial impression, review, and light how-to of the game Per Aspera. What is the game about You play as an AI that is tasked with preparing Mars for a human colony. And help them to eventually terraform Mars. And I have to say playing as a…

@Patch

Bitcoin vs Satoshi, two sides of the same coin As crypto becomes more and more popular, it sees a greater and greater adoption across the world. Why not make it more inclusive? I thought I would take a look at Bitcoin and Satoshi, two names for the same thing, well sort of. Bitcoin This is by far the most known of all cryptocurrencies. And I would argue that it at least in some countries has become a household name. This is despite most households not using it or owning it.…

@Patch

DEX on the rice and CEX on the decline, according to a report According to a new report from City (C) over the last two years, DEXx has shown more growth than their rivaling CEXs. Can we find out why? **DEX vs CEX** First, of all what is a DEX or a CEX? Both of them basically do the same thing. Allow you to swap crypto for other cryptos. But the main difference between them is the way you do it. The D stands for Decentralized while the C stands for Centralized. The EX stands…

@Patch

https://noiseapp.b-cdn.net/Daje10/543f1ac1ecb2fd11ebfcc44db2949a46.jpg According to a new report from City (C) over the last two years, DEXx has shown more growth than their rivaling CEXs. Can we find out why? DEX vs CEX First, of all what is a DEX or a CEX? Both of them basically do the same thing. Allow you to swap crypto for other cryptos. But the main difference between them is the way you do it. The D stands for Decentralized while the C stands for Centralized. The EX…

@Patch

New government report out on crypto, asking for more regulations? A new US Government report is calling cryptocurrency "a potential risk to the stability of the U.S. financial system". And they are, of course, calling for more regulations *sigh*. The universal fix-all. Except sometimes where the lobby manages to deregulate things. Were you get awesome results like the 2008 house crash. The report This time it is The Financial Stability Oversight Council that is weighing in…

@Patch

The predatory behavior of crypto casinos Recently Twitch made the headlines as they partially banned gambling from their streaming platform. One of the more popular categories on the platform. But why have they done this? Who is watching Twitch According to the demographics, the biggest group of viewers is between the ages of 25 and 34 at 49.7%. And the second biggest group is in the age, 16 to 24-year-olds (22.3%). But just how accurate are these numbers? First, the TOS on…

@Patch

Crypto vs Banks, is Crypto as bad as everyone is making it out to be? I thought I would take a look at the often touted claim that crypto is just used by criminals. Let us see if the grass is greener on the other side. Cryptocurrency and the bad apples Sure, anyone who has been in crypto for more than 5 minutes has probably been approached by a scammer or two, at least. And I hope that no one actually believes that no crimes are being committed involving crypto. But more…

@Patch

Project Icebreaker - a CBDC Frankenstein brought to life In what only can be described as a sad day for a Swede and a crypto enthusiast. I would like to sadly announce that the CBDC end is getting closer and closer. Project Icebreaker This is what they have decided to call this project. A project between three countries central bans, Israel, Norway and Sweden. As well as the Bank for International Settlements, or BIS. They say that the goal of the project is to explore…

@Patch

Are miners to blame for all Ethereum trouble post Merge? In the days after the Merge Ethereum has had everything but a triumphant journey. And according to some, this is all the miner's fault. Nothing to do with Ethereum becoming more centralized, as over 60% of the nodes are all housed under three companies' umbrellas. Companies that have in the past taken orders from the "man" up stares. Something that typically is very well received and liked in the crypto community. How…

@Patch

Alex Mashinsky and S. Daniel Leon have both tendered their resignations fleeing the sinking ship Within a few days after Alex Mashinsky resigned as CEO of Celsius. Midst the companies bankruptcy hearings, he is joined by co-founder Daniel Leon who also tendered his resignation earlier today. The new hotness It appears that resigning from the spotlight, or even changing profession entirely has become the recent new hot thing to do in the crypto sector. Both Alex and Daniel…

@Patch

First arrest made in the TERRA/LUNA investigations, Do "Run, Run" Kwon´s passport is officially void It is good to see some progress being made in this. Hopefully, the arrest will lead to further arrests, and we might be able to get the whole picture of what happened. Who got arrested? The Seoul Southern District Prosecutors' Office has arrested Yoo Mo. He was head of general business operations at Terraform Labs. And he has been described as the “key aide” to Terraform Labs…

@Patch

Gods Unchained - An introduction and my thoughts on the game I have for a little over a week been playing some Goods Unchained. A Play 2 Earn card game that takes some familiar aspects and gives them enough of a twist. Enough so that it still feels familiar yet new. Also worth noting is there is no cost to entry. And as far as I can tell, that is actually the case. Goods Unchained an introduction First of, let us get the similarity out of the way. If you have played…

@Patch

Russia exports its cheap excess power to Kazakhstan, this also have miners staying in Russia In a move, not many saw, Russia has struck a deal to provide electricity to Kazakhstan and its mining sector. Why now? It appears to be yet another side of the perfect storm that semes to be ravaging most of the world with energy prices and inflation running wild. As Russia is becoming more and more isolated due to sanctions from the west, they are left with very few countries that…

@Patch

Reversible transaction, way of the future or just a fools errand? Researchers at Stanford University have made a prototype for Ethereum where it is possible to reverse a transaction. Is this a good way to combat fraud and theft of crypto? Or is it just something that takes away the control of the users? How would it work? The researchers have made a proposal for two new Ethereum token standards: ERC20R and ERC721R. Where the R, I assume, stands for Reversal or something…

@Patch

2 million $BNB coins stolen, but there is a silver lining 2 million $BNS is at this time worth $586 million. Making this the second-largest hack in history. Behind the now infamous Ronin troll bridge thing, where Lazarus Group made of with 650 million. What is the issue? It appears that there was an exploit in a cross-chain bridge, BSC Token Hub. And this resulted in "extra" BNB. Meaning that no BNB was actually stolen from people. And I would say that is a silver lining.…

@Patch

Play 2 Earn games, if you or your kid are playing be aware of this This can be especially dangerous if you are unaware of it, and if you have kids who like to play Play 2 Earn games. What I am talking about is the fact that P2E game earnings are not tax-exempt. Meaning you have to, in most places, pay tax on your earnings. If you are a parent This is most definitely something you need to be aware of if you are a parent. And that is the fact that kids now are far more active…

@Patch

Emergent behavior, can it be found in crypto? To me, emergent behavior is one of the more fascinating things I have come across. I first heard about it while watching a gaming lecture several years back. And I have been fascinated by it ever since. And I hope that, if you do not know about it, you will find it fascinating as well. What is emergent behavior? If I use some of my google-fu, I am given this explanation for emergent behavior. "An emergent behavior is something…

@Patch

The dystopian outlook on the future I thought I would take you all along on a thought experiment, and play a little "what if". taking a look at what the future might have in store for us, at least if things do not go so well for crypto. Or maybe if it goes well. I guess it depends on your outlook. =) Crypto in the "west" The US is charging ahead, enforcing even more regulations on crypto. This is after the SEC has taken control of the whole Ethereum blockchain. Doing so due…

@Patch

Gods Unchained - Beginners Guide As I promised in my breakdown post of God's Unchained, I am now doing Beginners Guide. Here I will try and give new players a leg up when they are starting out. These are things that have picked up across Gods unchained, Hearthstone, and other games. As the key mechanics are universal. These tips should also be fairly universal. Starting out in Gods Unchained After you have played the first introduction bouts and completed the missions to go…

@Patch

How is mining looking after the Merge I thought I would do a quick update on how mining is looking for the PoW Coins now a few days after the Merge. What happened after the Merge What happened for basically, all PoW Coins was that they got saturated. Meaning they basically are at a breaking point when you check the profitability. The actual number of most PoW coins was basically a doubling in total hashrate. *Source 2miners* But the coin that stands out is Ethereum Classic.…

@Patch

Looking for Support in crypto? Me too After having, yet another, interaction with some support. I thought it was about time I wrote a post talking about it and my thoughts on "support" in the crypto space. Support or lack thereof An all too common occurrence is the fact that most crypto projects almost completely lack support. If you are lucky there is a link to a Telegram or a Discord where you can "ask questions". And then all you have to do is pray to RNGesus that they…

@Patch

India set to test their CBDC the ‘E-Rupee’ India is looking to soon start testing its ‘E-Rupee’. The initial test is set to be a limited run. Is India changing its position on crypto? Is this a sign that India is changing its position on crypto? I would argue it is not. As far as I can tell their official stance on it is it is ok, this after the overturn in their courts a while back. This lifted their crypto ban. While this makes India ok with crypto, at least on paper. The…

@Patch

Controversy surrounding Binance delisting of Helium, $HNT If you have been keeping up with your Binance or Helium news as of late. You have seen that this is not the first time these two share a news article. Helium and Binance These two have had their issues in the past. What happened was that Binance made an error. This in turn allowed people with Helium's new 5g network token, $MOBILE, to trade it at the price of the $HNT token. Wich at the time was valued significantly…

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Celsius rears up from the dead and takes revenge at its users The latest chapter in the Celsius saga is just in. The chapter is a long one and appears to contain all their customer's data. This is transactions, wallet Id, and their names. These documents have come to light in their court proceedings. The community reception As "privacy" is one of, at least historically speaking, selling points of crypto. To then do this to its users can only be described as a kick to the…

@Patch

Claim your free ōLand gen 2 NFT, available until the 24th of October ōLand, our favorite floating island NFT, did a similar giveaway with their Genesis or gen 1 NFTs. While the earning part of the project has yet started. Getting in early, and for free, is the best place to get in. ōLand What they are about They are looking to create a network in a similar way that Helium has. So they are currently selling their hot spots also. But if that is something you would want to get…

@Patch

Gods Unchained - Combos and Synergies, leveling up your decks By now you should be getting accustomed to the game, and the different decks you made. I think it is time to add on the next layers and start pushing your game to the next level. Finetuning your decks It is important to not think of a deck as "final" or "done". They are an living organism and is in need of revision from time to time. As the meta of the game shifts so doe your deck. It needs to adapt to the…

@Patch

Coin Center is suing the US treasury because of it´s Tornado Cash ban Finally some positive news, sort of at least. Coming out of this whole Tornado Cash ban. Hopefully, this will come out in favor of Coin Center, limiting any future similar occasions from arising. Why sue? There are actually a few co-plaintiffs in the suite along Coin Center. They are Patrick O'Sullivan, David Hoffman goes by @TrustlessState on twitter, and Brigade688 a volunteer civilian support brigade.…

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Let us take a look at Meta´s Metaverse, join me for a deep dive I thought is it high time I take a look at all the MEtaverses in Web3 and see what all the hype is about? And if the hype is wanted or not. Let us goggle up and dive in. The big fish Metas Metaverse Let us start with the big dog, or whatever euphemism or synonym, or play on words you want to use to describe it. Facebook dived "head first" into this, they even changed the company's name. Something big companies…

@Patch

Influencers might be in for harder times, finally. Or are they? At least if the International Organization of Securities Commissions, IOSCO, gets its will. And I for one think it is high times that those social parasites get what is coming to them. If there is all this talk about regulating crypto this. And regulating crypto that. Why not do something that really will help? Like getting rid of the social parasites. What are they proposing? The IOSCO proposes to oblige the…

@Patch

You can now mint Xen-tokens for only gas fees I thought I would take this opportunity to share with you all the Xen-token. Not sure about all the ins and outs of it yet, but the price is about as good as it ever will get. =) How to mint your Xen What you need to do is to: https://xen.network/ and there you can choose one of the five networks you want to claim the token on. You currently can choose from the following five; Ethereum, Binance Smartchain, Polygon, Avalance, and…

@Patch

Celsius claims yet another victim, sort of As people are sifting through the list of transactions made public by Celsius in their bankruptcy hearing. The people on the internet seem to have found a target for their rage. The newest Celsius victim The target they have found is a popular Bitcoin- and Ethereum Astrologer, Maren Altman. In the list of transactions, there are two payments to her totaling $30,000. These payments were made for marketing purposes. *Source: Maren…

@Patch

Gods Unchained - Why sequence of play matter, and how Favor works This is a shorter post than the one I normally put out. But nonetheless, it is a very important one. And if you can master it is sure to take your game to the next level. What am I talking about, it is the correct sequence of play. The sequence of play At first glance, it might not matter to you what order you do things. As the result will end up being the same either way, right? Well in some aspects they are…

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South Koreans are expected to have a blockchain ID available by 2024 South Korea has always been at the forefront of these sorts of technological adoptions. And this one will be a very interesting one to follow. If it goes well it will be hard for other countries to argue against these sorts of use cases for blockchain technology. Blockchain ID As the current plan stands, the blockchain ID will be completely decentralized. Meaning the government will not be able to see when…

@Patch

Crypto adoption in South America continues to grow, new record set in Brazil They have recently broken a new record in Brazil, the number of companies registered that have crypto holdings. This is a great sign. This shows that crypto adoption is still don't the rice despite all the negative press and talk about regulations. The new record According to local news outlets, the number of companies with crypto holdings now numbers over 12,000, 12,053 to be exact. This was…

@Patch

Bitcoin enters Guinness Book of World Records Time for some fun news as a break for all the sacks and whatnots that are normally among the headlines. The record of the first-ever decentralized cryptocurrency Bitcoin joins the illustrious crowd of record holders. But it appears that some errors have snuck in with the fact blurbs that go along with the entry. As an example, they recorded the wrong date for the publication of the original Bitcoin white paper which was on…

@Patch

Chines researchers propose the digital Yan become an Asian wide digital currency Some very frightening news has founds its way out of China. And I say frightening because that is the feeling I get when I think about the repercussions and the "what if" scenarios. Why an Asian-wide digital Yuan? The researchers cite the main reason being it will allow the region to break free of its Dollar dependency. As the US Dollar currently is working as the world's reserve currency.…

@Patch

Crypto withdrawals using ATMs reaches a new all time high This week there has been news popping up about crypto ATMs both in Spain and Brazil. One would even think it is some sort of competition where they are trying to outdo their competitors. Brazil surges ahead on the South American flank Tether, with the help of Smartpay, will make their $USDT available in more than 24,000 ATMs across over 1,000 cities in Brazil. This is done thanks to Smartpays innovation that allows…

@Patch

Gods Unchained - Gauntlet of the Gods and how to get the most Flux wile playing In this post, I will go over the mechanisms surrounding getting Flux. The in-game currency used for Forging cards along with $GODS. As it is an intregal part of both the late game and the way you are able to maximize your $GODS earning I think it deserves its own post. How does the Gauntlet of the Gods work? There is only one way to get Flux in-game. And that is to play Gauntlet of the Gods. You…

@Patch

Play 2 Earn games, are they always doomed to fail? What exactly are play-to-earn games, or more exactly how do they work. Let us try and find out, shall we? **It starts off with a bang** Most of these type of games starts off with a big bang and fanfare. There are usually a lot of people who are looking to get in early and start to earn. And this is very similar to how most normal computer or console games work. They usually have their peak of players at the launch or close…

@Patch

Hackers' newest weapon is your typos It appears that hackers have weaponized our inability to type the correct web address. And they are using this as a way to introduce malware onto Android phones and PC. What are the Hackers doing? A group of hackers has started to register domains that are very similar to official websites for companies or apps. So if we slightly misspell the address we might end up on their site instead of the proper one. This type of hacking is called…

@Patch

Another fed interest hike in November This inflation just does not seem to be willing to let go of its stranglehold on the world economy. And we might be in for some more turbulence come to the end of the year. The talk is that the def is eying another 75-point rate hike The talk as of late is that the fed is looking to make yet another 75-point rate hike come November. The idea behind it is the same as with the previous ones, cool down the economy and try to wrestle…

@Patch

Tired of Crypto Winter? Listen to an interview with a financial expert, get his take Cointelegraph has done an interview with Mark Yusko. In it, they talk about a few different things but the main point I thought was most interesting was his take on Bitcoin and when he foresees the winter to end and summer to start. Who is Mark Yusko? He is the founder and CEO of Morgan Creek Capital Management. They are an investment firm that also provides financial consulting. Ar in plain…

@Patch

Gods Unchained - Terminology, what to call things As you, like me, hopefully, have started to get better and better at the game. I thought I would take the opportunity to go over some of the terms that tend to be universally used for these types of games. Some of them you have already come across in my previous posts. Hopefully, they did not cause too much of an issue for you. And you were able to absorb the content anyway. =) Note: the terms are what I have learned from…

@Patch

Chinas GDP might actually be 60% smaller then what they are reporting As this news is only crypto-adjacent, I still think it is very interesting and worth sharing. China along with other autocratic countries looks to be inflating their GDP numbers, for the normal reasons. The research In a recently published research paper by Professor Luis Martinez from the University of Chicago. He has looked at satellite data from 1992 to 2008. Compared their announced GDP numbers with…

@Patch

VISA files several crypto and crypto related trademarks VISA is the latest of the ever-growing list of companies looking like they are finally taking notice of the crypto market. They have recently filed a couple of new trademarks relating to this. New trademarks for VISA VISA has filed two new trademarks relating to crypto wallets, NFTs, and the Metaverse. I assume this means that they are currently looking to develop new services at the very least. If they will pull the…

@Patch

Do "Run, Run" Kwon in more legal trouble Yet another lawsuit has been filed against our favorite fugitive, Do "Run, Run" Kwon. Let us see what it is about this time. The lawsuit The lawsuit is a 57 million-dollar lawsuit. It is targeting "Run, Run" but also the Luna Foundation Guard, LFG as well as Terra founding member Nicholas Platias. The interesting wrinkle this time is the fact that the lawsuit was filed in Singapore. The last known address of "Run, Run". Meaning that…