Share this page!

Li₿εʁLiøη Profile picture
Twitter logo
Jan 20 • 10 tweets • 3 min read
1/10 It will never be my intention to create FUD or FOMO, neither in our #CardanoCommunity or any other.
I always seek the truth, with constructive criticism to evolve.
The polite does not take away the brave.
2/10 I believe the protocol of Djed #Cardano stablecoin is one of the most robust, if not the most robust in the crypto industry, of the ones I have researched, but I have these doubts about Djed's release:
3/10 —1. COTI will be the only platform to launch $Djed, which was handpicked by IOHK. Would anyone else be able to run the stablecoin protocol? Yes, but 👇

—2. They state that the protocol is open source but I have not seen it published on GitHub (or any other repository).
4/10 —3.COTI will increase the rewards of Djed reserves by delegating the reserve contracts, and will unilaterally decide to which stakepools to delegate the funds blocked in Djed contracts 👀
5/10 COTI said: "...to create another revenue stream for our SHEN holders, we will delegate the ADA in the contract to specific stake pools, and 100% of the rewards received will be transferred to the reserve..the stake pool operators that we will be working with will be…
6/10 …screened and very carefully picked according to different parameters to ensure the stability, security, and functionality of the contract is not affected."
cotinetwork.medium.com/djed-ama-recap…

—4. I have not seen published, yet, the audit document (I think it is from Tweag).
7/10 COTI has been promised on mainnet in January, February is 10 days away. COTI said: "...will be live on mainnet this January, 2023 following a successful full audit." medium.com/cotinetwork/up…
8/10 —5. COTI will lunch minimal version first (January 2023). Section 4 of the Whitepaper says that Minimal Djed has 6 "minor issues" that will be fixed with the Extended version. Extended Djed is more robust.
9/10 One of these "minor issues" is "Reserve Draining Attack with Price Foresight"
eprint.iacr.org/2021/1069.pdf
10/10 If you want to understand Djed better, I leave you my article that has 2 parts, in the first one I explain how the protocol works, in the second one I show you examples for you to understand better, and I compare it with other stablecoins.
adapulse.io/djed-a-stablec…

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Li₿εʁLiøη

Li₿εʁLiøη Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @liberlion17

Li₿εʁLiøη Profile picture
Jan 20
1/4 How could a government reduce its public debt in a short period of time?
2/4 If the government decided to issue a CBDC, replacing your traditional fiat money, in a ratio of, say, 1 CBDC : $5 fiat, it would be covertly devaluing your currency, and hurting creditors, since the debt generated in fiat currency would be paid with a new best valued…
3/4 …electronic emission, by themselves, the State, the debtor..
This is just one example of what I think will happen. Part of the Great Reset.
How to protect yourself?
Read 4 tweets
Li₿εʁLiøη Profile picture
Jan 18
1/3
 It is because of issues like this (among others) that I decided not to become an Ambassador for the @Cardano_CF
I prefer to be independent. I cannot decide the direction of an organization, but I can decide the direction of my life.
2/3
 The @Cardano_CF does some things very well, which I agree with, but it also has an ecosystem development policy that I do not agree with.

The WEF is a globalist entity that advocates a centralized world government, and this hurts everyone's freedom.
weforum.org/great-reset/
3/3
 I am in the crypto space to fight this, I am not in it for money. I understand blockchain as a tool to use for personal sovereignty.

Not being part of any organization allows me to express my opinions freely and unconditionally.
Read 4 tweets
Li₿εʁLiøη Profile picture
Dec 15, 2022
1/7 Another great report from @SCATDAO
medium.com/@scatdao/meld-…
2/7 In this second part about Meld, you can see that their Roadmap promised DApp release in Q3-2021, then they changed it to Q4 2021, then delayed it to Q1-2022, and so on, always delaying release every quarter, and the latest info is that DAP lending/borrowing will be on…
3/7 …mainnet Q2 2023. We will see.

Tokenomics: SCATDAO said in the report: "If we add up all the tokens that go to the benefit of the team creating the product we get 80% (private sale 30% + Team 17.5% + ISPO 22.9% +Partnerships 4.6% + Foundation 5%)"
Read 7 tweets
Li₿εʁLiøη Profile picture
Dec 14, 2022
1/10 Some notable features (not all) of #Cardano Blockchain. The current and upcoming implementation, explained in my articles.
-eUTXO: deterministic model that can handle sending multiple tokens to different addresses in a single tx.
blog.blockmagnates.com/accounting-mod…
2/10 -Cardano has a multi-asset ledger, and so all tokens issued on the network has native token treatment, similar to ADA coins and no smart contracts are needed for interaction (as in Ethereum).
liberlion.medium.com/cardano-and-to…
3/10 -Cardano has native liquid staking, which has no blocking or slashing of funds. Funds can always be withdrawn and ownership of fund keys is maintained at all times.
medium.com/coinmonks/stak…

-Hard Fork Combinator for hard network updates, without friction or trauma.
Read 10 tweets
Li₿εʁLiøη Profile picture
Dec 13, 2022
1/10 An analogy to understand #privacy in blockchain.

Your safe box (the wallet) contains inside the checks that you can issue to operate in the network. Only you can sign the checks (the private address of your wallet contained in the seed).
2/10 Then, the tx of those checks already operated are public, and show the funds transferred, destination and origin addresses, day and time, (this is traceability), but as they are bearer checks it is not known who transacted.
3/10 It is possible to know from which safes they were issued and which safe endorsed them, but without knowing their holders, on-chain. But if you post on Twitter that you are the owner of that safe (off-chain information) everyone can track the tx (on-chain information).
Read 10 tweets
Li₿εʁLiøη Profile picture
Dec 13, 2022
1/4
 Unsustainable #Bitcoin Mining

RBF (Replace By Fee) is a further step in trying to save scalability by allowing to increase the fee of a tx before it is confirmed.

It will have introduce a vulnerability in double-spending.
n9.cl/l2lr8 Image
2/4
 Bitcoin Core Devs are introducing changes that are twisting the BTC's essence.

In less than 10 years Bitcoin will be unrecognizable to Satoshi Nakamoto's creation.
3/4
 #Bitcoin will be more scalable because it will be centralized.

#Bitcoin will function as a payment platform in the hands of banking companies.

threadreaderapp.com/thread/1602355…
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

Send Email!

:(