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CRYPTOCURRENCY

2/27/2021

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HONEYCOMB PROSPERITY
A family foray into the idea of being Cardano stake pool operators gave us a taste of what it takes. We wisely chose to leave it to those more technically inclined. This post is a compilation made for the website, which was called Honeycomb Prosperity.

ABOUT CARDANO
(from the official Cardano website)
If you haven't already, a visit to the site is recommended:
https://cardano.org/

Making The World Work Better For All
Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibility for the many, as well as the few, and bring about positive global change.

Our World Is Changing. Together, We Can Change It For The Better.
Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.

With a leading team of engineers, Cardano exists to redistribute power from unaccountable structures to the margins – to individuals – and be an enabling force for positive change and progress.

Cardano restores trust to global systems – creating, through science, a more secure, transparent, and sustainable foundation for individuals to transact and exchange, systems to govern, and enterprises to grow.

Cardano brings a new standard in technology – open and inclusive – to challenge the old and activate a new age of sustainable, globally-distributed innovation.

Proof-Of-Stake And Ouroboros: The Most Environmentally Sustainable Blockchain Protocol
Ouroboros is the first peer-reviewed, verifiably secure blockchain protocol, and Cardano is the first blockchain to implement it. Ouroboros enables the Cardano network’s decentralization, and allows it to sustainably scale to global requirements without, crucially, compromising security.

The protocol is the culmination of tireless effort, building on foundational research, and is propelled by a vision for more secure and transparent global payment systems, and a means to redistribute, more fairly, power and control.

ABOUT THE CARDANO COMMUNITY
CARDANO FORUM WEBSITE
(From the official Cardano Forum)
https://forum.cardano.org/

Staking & Delegation
Topics ranging from 'delegating your stake' to 'operating a stake pool.'

CARDANO PUBLIC FACEBOOK GROUP
(From the official group)
https://www.facebook.com/groups/CardanoCommunity/

Welcome to the official Cardano community Facebook group!
This is a place for all of us to learn more about Cardano whether that be from the teams building Cardano or other Ada holders.

We strive to maintain a friendly, informative and happy atmosphere here and although we won't edit your posts, admins can delete them. Our primary policy is to lead with respect on all counts.

ABOUT WALLETS
(From the official Daedalus website)
If you haven't already, a visit to the site is recommended:
https://daedaluswallet.io/

ADA - The cryptocurrency of Cardano
Daedalus is a secure wallet for the ada cryptocurrency. Download and install the wallet so you can keep your ada safe.

Or use the Yoroi App:
Yoroi allows you to use hardware wallets and to use it on Mobile, plus it is fast to download and install and takes up very little space on your device.

Daedalus, on the other hand, allows you to maintain multiple wallets and you have a direct connection to the Cardano network.

From the article, 'Daedalus wallet compared to Yoroi wallet' by IOHK Support.

ABOUT IOHK
(from the official IOHK website)
If you haven't already, a visit to the site is recommended:
https://iohk.io/

Founded in 2015 by Charles Hoskinson and Jeremy Wood, IOHK is a technology company committed to using peer-to-peer innovations to provide financial services to the three billion people who don't have them.

We are an engineering company that builds cryptocurrencies and blockchains for academic institutions, government entities and corporations.

We are a decentralized company that loves small, innovative teams forming and executing ideas that cause cascading disruption.

ABOUT STAKING AND DELEGATING
"Fundamentally, Cardano works like any other cryptocurrency staking system. By holding and staking its tokens, you will assist the network with validating blocks on the protocol and receive a return on your investment... " - Cardano (ADA) Staking Pools: How do they work? | eToro

"Staking Cardano is a great way to earn passive ADA income. You can view it as earning interest on your crypto holdings...." - Cardano Staking FAQ - Exodus Support

Choosing a stake pool and delegating your ADA - (Written by Elliot Hill of the Cardano Foundation)

(An article on Medium)
https://medium.com/cardanorss/choosing-a-stake-pool-and-delegating-your-ada

ABOUT THE CARDANO SUPPORT FAQ
(from the official Cardano Support FAQ site)
https://cardano-community.github.io/support-faq/#/

This is a community served documentation of various Frequently asked usage/issue queries alongwith some how-to guides for use within Cardano ecosystem.

ABOUT TAX SHELTERS
(From Blockfi.com)
Tips to Minimize your Crypto Tax Liability
https://blockfi.com/crypto-tax-tips

Cryptocurrency capital gains taxes are becoming a point of interest for governments tax organizations.

Don Fort, the Chief of the IRS criminal investigation unit, recently spoke on a tax conference panel and discussed at length how ‘cryptocurrency is becoming a new area of enforcement.’ Other events like the IRS Coinbase Summons and the IRS warning sent to tax filers is a clear indicator the U.S. crypto traders should be looking closer at the tax implications of their investments.

With this increased scrutiny comes the question: How can I minimize my crypto tax liability while staying in the good graces of the IRS? Here are three strategies you can use to minimize your crypto tax liabilities.

ABOUT CRYPTO DOT COM
One of many cryptocurrency exchanges, crypto.com has become our trusted choice over the past year. When it becomes possible to buy ADA directly from Cardano, that may be a clear preference.

If you haven't already, a visit to the crypto dot com site is recommended:
https://crypto.com/

VALUES
(from the official Crypto.com website)

Think Clearly
Clarity of thought is the single most important trait we look for in our colleagues.

Be Resourceful
We believe that great ideas can come from anywhere, regardless of seniority and experience.

Stay Determined
We celebrate milestones together, we recharge and we get back to it.

Dream Big & Be Decisive
We aim to surprise and inspire with quality and speed of decision making.

Act As Owners
We're trusted to do the right thing.

Remain Humble
We understand that we're always stronger as a team - you leave your ego at the door.

***

Use our referral link https://crypto.com/app/djrhwfb35w to sign up for Crypto.com and we both get $25 USD

ABOUT COMMUNITY AND CHARITY

We (had planned to) donate 10% of our profits to nonprofit organizations and projects dedicated to supporting a healthy bee 🐝 population, which is essential for a sustainable natural ecosystem on the planet which is home to us all.

These links are provided as a resource for those interested:
​

Bee Mission
https://beemission.com/

Bee Responsible
https://www.beesponsible.com/

Bee Symbolism
https://www.worldbirds.org/bee-symbolism/

Better Homes and Gardens
https://www.bhg.com/news/companies-save-the-bees/

Food Tank
https://foodtank.com/news/2020/09/fifteen-organizations-and-initiatives-helping-to-save-the-bees/

Heifer Organization
https://www.heifer.org/gift-catalog/animals/gift-of-honeybees.html

Karma Honey Project
https://karmahoneyproject.com/

Operation Honeybee
https://www.operationhoneybee.com/

Planet Bee
https://www.planetbee.org/

Pollinator
https://www.pollinator.org/donation-hbh

The Bee Conservancy
https://thebeeconservancy.org/
Picture
These screenshots are from financial investment information providers.
​They are somewhat random, but may give a sense....
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