2019-11-07 · timestamps by ADAtainment
AMA 11/07/2019
- Gives a quick Shelley incentivized testnet update: snapshot tentatively November 12, new Daedalus installers with the Jormungandr wallet backend around November 14.
- Walks through how existing ADA holders redeem into Shelley via keywords from legacy Daedalus, paper wallets, Yoroi, or hardware wallets, and urges everyone to have keywords ready or rotate credentials before the snapshot.
- Frames the November run as a rehearsal before a real snapshot, with metrics tracking restorations, address rotation, and an external Root9B security audit due around January to February.
- Warns the community off scam tokens and lays out a personal framework for avoiding fraud: skepticism of unverified claims, third party vetting, strong community leadership, and distrust of manufactured urgency.
- Takes rapid fire AMA questions covering Tezos on Coinbase, Stellar's token burns, Algorand, hard forks, and Goguen smart contract launch partners, arguing token burns are usually market manipulation.
- Mixes in plenty of personal banter: shirt sizes, music taste, steak preferences, office plants, book recommendations, and jokes about being a Scorpio and not inventing Bitcoin.
56 entries
Opens the livestream from Colorado, joking about testing a new microphone before the update.
Gives a brief Shelley update: the incentivized testnet snapshot is tentatively set for November 12.
Expects new Daedalus installers with the redemption flow to be available around November 14, with explainer videos to follow.
The four main verification paths for redemption: legacy Daedalus addresses, paper wallets, Yoroi addresses, and hardware wallets.
The Yoroi team is building its own keyword verification flow, while exchanges will independently decide whether to participate.
Recaps the November 12 snapshot plan and reports QA looks solid, with one more Jormungandr 0.7 release candidate coming in the week of November 7, 2019.
Details three on chain metrics IOHK will track from the genesis block: unique wallet restorations, address rotation, and total ADA rotated.
Frames the November run as a one to two week rehearsal before the real snapshot, expecting a wave of lost keyword support tickets.
Calls it the first joint deployment of the new Daedalus and Jormungandr wallet backend, with over 3000 testers in the task force channel.
The real snapshot will repeat the same rotation process, but this time delegation to registered stake pools will actually count.
Previews an updated block explorer for November 14 and a stake pool dashboard with GUI and turnkey deployment docs by the 26th.
Confirms the real snapshot lands mid month once the final incentives code merges, and says he is happy with development velocity.
Looks past the testnet toward a mainnet productization push, scaling the rest team and bridging the feature backlog gap.
Announces an external Root9B security audit spanning about 14 GitHub repositories, expecting public release around January to February.
Reflects on the rough testnet launch, citing Ouroboros's heavy protocol overhead and space leaks the team cleaned up in under a month.
Walks through safe keyword rotation: create a new wallet, restore it, send a test transaction, delete and restore again to verify the balance.
Plans a post mortem blog post on verification stats, then a QC pass before the stable full incentivized testnet launch.
Teases Goguen as the next chapter after Shelley, comparing smart contracts to launch titles for a new console with partners across verticals.
Opens the AMA proper and mentions enjoying the recent Lite Point summit conference.
Banters about shirt size, pointing to the Kirkland brand shirt from Costco he is wearing.
Picks the Rolling Stones over the Beatles and sends love to fans watching from Johannesburg.
A dedicated mobile wallet will not be ready for the incentivized testnet launch, though it is intended eventually.
Warns fans off a fake Cardano Gold token, saying any coin that puts gold next to its name should be avoided.
New Balance's blockchain shoe authentication pilot on Cardano only covers some production runs, with a staggered cohort rollout.
Jokes that he was not involved in creating Bitcoin, saying nobody asked him and it never shipped.
Staking will be as simple as sending ADA in Daedalus, with community members already building dedicated staking hardware.
Welcomes Tezos launching staking on Coinbase, calling staking as a service a growing trend across the industry.
Lays out a moral obligation to protect the community from scams, starting with skepticism of claims until independently verified by qualified third parties.
Points to strong, diverse community leadership like the Ambassador program as the second pillar for surfacing credible commentary.
Names distrust of manufactured urgency as the third pillar, arguing this mindset would have prevented much of the 2017 ICO mania.
Top tier cryptography conference papers, not journal publications, are what actually matter for academic tenure.
Clarifies that re-registering a stake pool regenerates the UTXO snapshot but preserves the underlying stake data.
Confirms he is a Scorpio, born November 5th.
Confirms the Shelley project work is on track to be completed in 2020.
Brushes off critics who say he could have done more, listing horses and cars as proof he is happy with his life.
Jokes about ordering a custom t-shirt, settling on a large size.
Confirms Cardano can be forked since the code is open source, saying that is the whole point of decentralization.
Jokes about mailing Vitalik a Cardano t-shirt once Goguen ships, daring him to find a hash preimage for a reward.
Riffs on the Voynich manuscript, calling it a beautiful document he expects will eventually be decoded.
Jokes that Ethereum still has not shipped its WebAssembly runtime after a long wait.
Swapping messy office plants for low maintenance cacti, saying he likes cacti.
Recommends the book Life 3.0 as his current read and mentions taking a course from the Santa Fe Institute.
Jokes about the Coinbase CEO reportedly calling Cardano a scam and refusing to list it.
Mocks a rival billion dollar funded project for shipping little of substance despite the money raised.
Muses on why no European company cracks the global top 20 tech list, crediting America's dynamism.
Shouts out viewers watching from Cape Town and Johannesburg.
Argues Stellar style token burns are usually market manipulation unless funded transparently from a real treasury.
There is no such thing as too much token supply for a truly global scale system, preferring gradual treasury investment over burns.
Answers a food question, saying he prefers a dry aged t-bone over filet.
Jokingly puts a heckler in stream timeout for repeating the same tired criticism.
Jokes that Algorand could copy Cardano's open source code but not the team, tying it into a Hydra reference.
Teases that good news on Hydra is coming soon.
Recommends a Yale negotiation course on Coursera as a good, concise introduction.
Clarifies that staking rewards come from token emission, which is simply inflation.
Recaps the full plan: rehearsal snapshot on the 12th, cross platform installers on the 14th, and wallet restoration and verification for both paper wallets and legacy Daedalus.
Previews a busy month of videos, blog posts, more AMAs, and dedicated Cardano Effect episodes covering the rollout, calling it a proud month for the team.