Can you please tell us more about the following two points in your whitepaper:

• Integrate protocols of interoperability for transferring arbitrary messages from or to Ethereum and other blockchain networks. Will this be (1) messages that you can send like in communication messages or (2) text that you can save in a blockchain or (3) signing of a message to prove you own an account?
• Focus on modular and optional “security as a service”. This is intriguing and can you tell us more about what security services you plan to provide?

The metaverse is just a virtual convergance of things. Crypto is an enabler to execute the convergence that would otherwise have been difficult to do. The regulation is in the enabling technology, but more because it can be misused for illicit purposes, hence regulation like KYC and AML. Privacy regulation for example already exist and it does not matter where and how you work with PII data, the same regulation will apply. I think it will be the same for many other types of regulation.

In modern wars there are no real winners. In modern wars even the victors suffers by other means like loss of life and economically. In previous centuries the victors gained if the victory was a quick decisive and overwhelming victory. The only real gainers in modern wars are the parties that provides the weaponry as it keeps factories going and provides work.

There is an old cliché: War is not about who is right but who is left. War only leads to death and destruction.

Expelling a country from SWIFT is not an easy decision taken lightly. Previously Iran was removed in 2018. USA and Germany would stand the most to lose if Russia is disconnected from the SWIFT network. Also remember that Russia has the System for Transfer of Financial Messages (SPFS) that has been worked on since 2014 as a potential plan B in case of ever being disconnected from SWIFT.

Here is my advice:

• There is a saying in crypto, "don't invest money that you are not willing to lose". This is the most important rule. Consider any money you put into crypto as already lost and that it went up in smoke.
• The second most important rule is to remove all emotion from your decisions. A lot of what happens in crypto is based on hype and fomo and if you get caught in that you will lose your money with 90% certainty
• In the end a lot of coins and tokens are musical chairs - it is fun to take part while the music plays, just make sure you are not the one without the chair when the music stops. This is called holding a bag
• Read this forum a lot - there are many gems of threads that will teach you stuff
• Read this forum a lot - but don't believe everything you read
• If you don't want to invest time to learn stuff of how crypto works and rather want to take short cuts, then play it safe and buy Bitcoin. Even in this sentence though "safe" is a relative word

 

Nice to be able to automate ones DeFI activities, however can you clarify the following please:

• Do users have to trust you by depositing their crypto to you and then you manage it from there? If that is the case what assurances do users have that you will not rug pull and disappear?
• What do users do that have crypto on Ledger? Can you connect via metamask and work from the crypto on the Leger or do you have to transfer to your contract?
• Do you make the investment decisions for users or do they have to specify an investment and then you just manage the specified investment?
• How will the fees work as each time you touch coins like withdrawing a stake there are fees. Do you then have to give you L2 tokens plus L2 base tokens for fees?

I would like to read up more about what you are planning especially on the reserve backed portion and how you are going to do that and with which "reserve". Can you hook us up with your whitepaper and audit reports. Please do include any reports done on your reserves that you will be using to back the project. Without a proper reserve there is a high risk that the price will tank.

Privacy and decentralized storage are both important aspects that people are interested in. Can you please let us know the following items:

• Will the files be stored in nodes and if so how many will there be? Will the nodes be decentralized or centralized? How will availability be guaranteed?
• How will you prevent illegal content to be stored on the nodes?
• In layman terms, how will your project be different to Storj and IPFS and what advantages do you have over those?

The big value of NFT in my view is the technological proof that you own the picture. Of course there will be scams like there are scams for everything else, but the underlying technology for NFTs is something that will stay. Should you spend millions on an NFT? Probably not but that can be said for any picture that is non-tech as well and yet people spend millions on a Picasso or other masters.

Why do you need a new token and token sale for buying mining equipment on your site? Couldn't find much in your whitepaper on this. You can sell your equipment and quote in BTC or ETH or use one of the payment aggregators that facilitate a whole list of coins. You can also use an existing token for a loyalty program.

Your project looks like most DeFi projects just on Cardano. Competition is fine. I notice in point 6 of your whitepaper "$Bash can also be used to convert cryptocurrency into fiat". This point in particular will catch attention. How are you going to comply with the regulation to be able to do this? If you provide that functionality you will need to have your ducks in a row and DEX doing KYC will be a difficult one to get right. Yet on your site you say "List tokens without permission, trade without KYC". I doubt you will get the cash-out to fiat right without KYC.

I was quite excited to see a credit score mechanism being worked on that can be used in the DeFi ecosystem. Of all the items you list this point is the most interesting. However reading the Telescore API section of the lightpaper I am wondering if you are measuring the correct attributes to determine someone's credit worthiness to re-pay a loan? You list the following attributes:

1. How many transactions in wallet?
2. What’s the wallet balance?
3. Time holding coins
4. Telefy protocol usage (Extra score!)
5. NFT transactions
6. Amount owned and repaid
7. Credit History Length
8. Any Collateralized Liquidation History
9. Cross Chain wallet transaction validation

These things can give you a score, but is it a score that can be applied to determine if the holder will pay back a loan? I am skeptical that about the principle of calculating a credit score in this case. The best way to secure a loan would be to lock up collateral in a contract that will automatically go the lender in the case of default. This plays closer to point 8 in the list. However locking something into a contract as collateral is independent of a credit score. I think most items on the list are irrelevant to determine if someone will pay back a loan. Some people for example store coins/tokens in new addresses because some consider that best practice. These people might be the lowest risk to pay back a loan yet they will be penalized?

I also note you have swaps functionality going, can you point us to your audits for your contract?

I have my own definition to make sense of it all to which I have added some characteristics of the DeFi ecosystem. This is very important especially in the DeFi space and cross-chain world to make sure that you keep track of all the fees and costs and what you need to pay the fees and in what you need to pay the fees. I normally look in both the Altcoin announcements and Token threads to keep track of what's new and what projects people are working on. These are split along the lines of the formal forum definitions. For me when I look at them I say if the item is reliant on an underlying platform it is a token. Something on ETH = token, something on Poly = token etc. Some are hard to tell but if you think about it, a game or NFT related item is most probably closer to a token because it is reliant on the underlying platform to function.  Also, if you need to pay fees in the denomination of the underlying platform it is a token. If the item requires a token on an underlying platform it is a token. If the item is reliant on itself to propel the blockchain it is a coin eg. Doge, BTC, ETH.

Look, with all due respect, I have answered everything you asked and advised you the best I could. Do what I advised, but since you seem very concerned, test everything first and make sure everything works as I advised to be sure for yourself. Remember with crypto there never is 100% risk free. Everyone in crypto knows that and knows that at some point they will lose coins or make typos or setup an account wrong and lose coins. That is part of the game. All the best with your Waves endeavor with Ledger.

Glad to be of assistance


Never heard of that. The way Ledger works is that when you delete and put it back all is back like it was. If you doubt this test it yourself before you send the big amount over. A Ledger Nano S can take 138kb of apps. Waves is a small amount of kb so still plenty of space if you want to add other accounts like. Depending on size of the accounts you can get two or three big wallets on a Nano S or more if the extra wallet is related to the base wallet of that coin, for example if you have Eth wallet on a Nano S adding BSC will be a very small addition. If you want to add a lot of base wallets like BTC and ETH and ADA and AVAx etc. you will get stuck at two wallets. Unless you do funny stuff it would seldom be needed for you to remove your Waves app. If Waves is your primary wallet you ever use then keep that one on the Ledger and rather remove other wallets as and when needed.


Again, even if I tell you it works, it seems you want to test it yourself so go ahead and test it by resetting your Ledger and re-entering the words and see if it is the same or not.


Just send a small amount of Waves from the online account to the Ledger account address and back. If it appears on both sides it is fine. You will see several confirmation messages when working with a Ledger. The most important is the receiving address or sending address.


If you use a Ledger, it does not matter which wallet you use as the safety is in the buttons you need to press. The steps you mention will work.


You can have as many online wallets in your Master account and it will not impact the safety of your Ledger wallet as the Ledger's safety is in the buttons you press. Even if you have malware in your PC your funds cannot be stolen unless you press the button. The order of the accounts as listed in your Master account does not matter.


When you login to the Waves Exchange, select the Ledger option and then type in your Master account password and thats it.


Dont be shocked, be glad. This is is why a Ledger is so secure. You press a button each and every time you do anything linked to an account on the Ledger. There are lots of info displayed on the screen of a Ledger that you need to review. The best is for you to do a test transaction and see what are all the items displayed.

I hope all your questions are now answered and that you get everything right.

In my view, you do not need a token sale. You are talking a lot about gold will be mined etc. in future tense. This means that you do not yet have the gold that will back the QAM coin. If you have mining rights that is worth so much as you indicate in your whitepaper and it is going to be so clear cut as you say, you know the reserves etc, this will be worth a lot to traditional banks. It will be a no-brainer to get funding from a traditional bank to start mining gold because banks understand physical mining activities. Once the gold starts to flow, you can use that gold to produce certificates, have it audited by a traditional big four firm and then go to market with QAM and operate the stable coin. You literally sit on a gold mine that you can explore and use for funding to build a proper crypto project.

I honestly do not know if a traditional financial institution will give you a loan for building a mining rig. A bank manager will most probably not understand mining fully in order to make an informed decision on your application. Financial institutions like low risk. In addition, a mining rig depreciates quickly unless you can keep building it out with your profits and replace hardware in time and successfully offload the depreciated assets. In the old days it was still possible to get into a ninja launch make a buck but those days are over in the new predominantly DeFi ecosystem. Mining rig providers also keep a close eye on the difficulty and prices of the target coins they make rigs for and you will probably buy their second hand equipment after they used the profitable equipment to make money before they go to the general market with their equipment. So your timespan to be profitable will be short, especially if you have to re-pay the loan with the profits. Perhaps three months or maybe six if you are lucky.

Having said this, your electricity is free (solar) and you have already invested in that so it is sunk cost which is a huge advantage to you. I would recommend that you either go to a family member with your plan, or try to go to the DeFi market and use some of your other crypto as collateral or something to that effect. Alternatively take a loan against other real life assets. But be warned, mining is high risk as is any crypto and don't use any money you cannot afford to lose. Taking a loan to use for crypto is a big no-no in almost all use cases.

I see you posted here as well. I don't want to repeat everything I said so you can see in the main Waves thread what I posted there. Hopefully this addresses everything now.

Your private keys are stored in the Waves wallet on the Ledger. Your Ledger has a seed phrase of 24 words that you need to keep safe. If you lose your Ledger, then you get a new blank, uninitialized Ledger device. Then you restore your 24 Ledger words to the new device and it will be exactly the same as your previous device. When you then reload your Waves wallet on the new Ledger device, then all your wallet addresses with Waves in them will be restored as well as your private keys stored in the Ledger device. So as long as you have your Ledger device's 24 words you do not have to worry about losing or damaging your current Ledger device.

If you lose your computer or if the hard drive becomes corrupt, you get a new PC or reload your PC and reload Waves Exhange. Go through the process gain to link your Ledger and everything is back to where it was as your Waves are stored on your Ledger device and not in Waves Exchange on your PC. Let me repeat, if you use a Ledger device the coins are on the device and not on the PC.


Yes all you need to recover your old Ledger wallets to a new Ledger device is the Ledger 24 words (or seed phrases as you call it). You don't need to take down anything else because when you connect your Ledger again to Waves Exchange, all your accounts will be there again.


Yes, it seems you did it correctly. It is normal good practice to send a small amount to the device first to see that it words, send a small amount back to see that it workds and then send the motherload to the Ledger device. If you did this and it worked then you are good to go. Then you can discard your online wallet or "seed phrase wallet" as you call it. From then onwards only use the wallet addresses on your Ledger


When you initially created your Waves Exchange master account, it was a shell to add in any other wallet addresses you have. These addresses can be software accounts which you load by typing in a sequence of words or "seed phrase" as you call it. You can also add Ledger wallet addresses. All these addresses that you add will go into your master account on Waves Exchange. If you want to get rid of this, then move all your Waves from all your software wallet addresses to the wallet address on your Ledger device, then all your Waves will be safe. Then you can uninstall Waves Exchange and re-install, create a new master account and only link your Ledger Waves addresses, then all your old Waves wallet addresses will be gone. Should you ever want to add them again, just add an account and type in the seedphrase and they will be added to the list of addresses you see after you type in the password of your master exchange account.



Yes, that is the beauty of a Ledger device, you have to confirm each transaction on the device by pressing a button. This means that if womeone wants to steal your coins they also need to have physical access to your device to press the button else it will not work. The software wallets are unlocked when you open your master account and the private keys  for those are stored on your PC. It is therefore easy for someone to steal the coins in the software accounts as you do not need to confirm anything with a second factor.


Any action that you perform that moves or affects coins that are stored on you Ledger device, like an outward transaction, you will have to review and confirm on the device before actioned. Every time going forward including trading and staking. It is the safety of the device and how it is designed.

I think that Binance is at a point where it is in need of re-inventing itself. This is needed because while it was at the peak and the leader at some point Binance is losing market share to competitors and new kids on the block.  At one point Polo was at the top and when new players entered, look where it is now. At one point Binance was clearly at the top due to things like its low tx fees among several others. Most of those first to market and clear advantages are now diluted in a more crowded market. There are a few things that are pointing to this and the effort Binance is doing to stay relevant. (1) Binance invested $200m in Forbes and (2) Binance converging their "chains" so to speak into a new ecosystem bnbchain.world. If the competitors keep inventing and Binance do not do something about it, more stats will pass them and they will become a Polo in a year's time.