November Week 3 - 2024

Is Cardano About to Power a New Federal Voting System Under Trump?

Rumors are swirling that Cardano could play a pivotal role in reshaping how America votes. According to recent chatter, President-elect Donald Trump is reportedly exploring a blockchain-based federal voting system as part of his effort to “restore election integrity.” Dubbed the “eVote” platform, this system could bring together major blockchain players like Cardano, Hedera, and Hyperledger.

The idea? To combat voter fraud and streamline identity verification using blockchain technology. Trump’s administration, along with the newly proposed Department of Government Efficiency (DOGE), appears keen on leveraging blockchain to ensure transparency and security in elections. If this happens, it would be a monumental shift in how we think about voting—bringing cutting-edge tech into a system that’s often criticized for being outdated.

Interestingly, Cardano founder Charles Hoskinson is reportedly in talks with Trump’s team. Hoskinson has long championed blockchain for identity verification and voting, with Cardano’s decentralized ID system already in use for student IDs in parts of East Africa. This experience could give Cardano a leg up if it ends up powering a federal voting system.

Now, let’s talk about what this could mean for ADA, Cardano’s native token. If Cardano becomes the backbone of a U.S. voting system, the demand for ADA would likely skyrocket. We're talking about a project going from an already impressive blockchain to one with a foundational role in the world’s largest democracy. Speculation alone could send ADA’s price soaring, but actual implementation? The market could see ADA hitting unprecedented levels, with prices “going absolutely bonkers,” as crypto enthusiasts might say.

While nothing is set in stone, one thing is clear: if this rumor pans out, Cardano’s position in the crypto space could be forever altered—and ADA holders might want to buckle up for the ride.

BITCOIN RESET
Bitcoin Boom: Are Nation-States Quietly Loading Up on BTC?

Bitcoin’s price has gone wild, surging toward $80,000 and leaving crypto enthusiasts buzzing. The reason? Rumors are swirling that some nation-states might be quietly stacking sats. If true, this could be one of the most significant bullish signals in Bitcoin’s history.

David Bailey, CEO of Bitcoin Magazine, hinted on social media that at least one nation has entered the top five bitcoin holders. That’s huge when you consider the current leaders: the U.S., China, the U.K., Ukraine, and Bhutan. Most of their bitcoin holdings come from asset seizures or donations, but now we’re talking about deliberate accumulation.

And here’s the kicker—if countries are buying, it’s not just about diversifying their assets. It’s about positioning themselves in a world where Bitcoin’s finite supply could become the ultimate store of value. We’ve already seen trailblazers like El Salvador adopt BTC as legal tender, but this? This could mark the beginning of a much larger trend: sovereign bitcoin FOMO.

Speculation has been brewing for years, but now it feels different. With U.S. Senator Cynthia Lummis pushing for a strategic Bitcoin reserve and Trump’s bold promise to make the U.S. the "crypto capital of the planet," the pieces of this puzzle are coming together fast. If the rumors are true, a global race to secure bitcoin could trigger the biggest bull run we’ve ever seen.

The thought of nation-states battling it out to stack BTC? That’s a game-changer. Whether it’s to hedge against inflation, escape debt, or gain a strategic financial edge, one thing is clear: Bitcoin’s journey from niche asset to geopolitical powerhouse is accelerating.

So, buckle up. If nation-states are indeed in the mix, we’re in for an epic ride.

AI RESET
Sam Altman Says AGI Could Arrive in 2025: Are We Ready?

Sam Altman, CEO of OpenAI, just dropped a bombshell: Artificial General Intelligence (AGI) might arrive as early as 2025. Yes, you read that right. Altman claims that within the next year, machines could start "thinking like humans" across virtually all areas of intelligence. For those of us still wrapping our heads around ChatGPT, this feels like a leap straight into the sci-fi zone.

AGI has long been the holy grail of artificial intelligence—an AI system that’s as capable as humans, if not more. Up until recently, most experts believed AGI was at least a decade away. But Altman is now calling it an "engineering problem," and he says the path to AGI is “basically clear.” Talk about a mic drop moment.

Of course, not everyone is buying it. Critics argue that current AI models are still struggling with tasks like complex reasoning and solving problems outside their training data. Benchmarks like FrontierMath show that even top models, like GPT-4o and Google’s Gemini, solve less than 2% of truly novel problems. So, are we really that close to machines rivaling human intelligence, or is Altman getting ahead of himself?

Here’s the kicker: OpenAI has plenty of motivation to declare AGI sooner rather than later. Achieving AGI could trigger a renegotiation of their deal with Microsoft, potentially bringing in a flood of new funding. Cynical? Maybe. But it’s worth keeping in mind.

If Altman’s right, we’re on the cusp of a new era. AGI won’t arrive with a sudden, world-changing bang—it’ll sneak in, evolving steadily until it’s part of everything we do. Let’s just hope the engineers building it are more careful than Hollywood’s Miles Dyson.

DISCLAIMER:
This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions or investments. Please be careful and do your own research.