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Cardano (ADA) & a New Race | Cardano Rumor Rundown #746 - Army of Spies

Most still holding I have 13 k of ADA and buying more

🚨 Exclusive 1-Month Outlook: XRP, ADA, BNB, BTC, BCH Analysis

>What if we burn future supply or reduce the rewards at protocol level or a bit of this and a bit of that.
In Cardano's fixed-supply model, the 'future supply' (the Reserve) is not just arbitrary unprinted tokens; it is the game theory incentive for SPOs and delegators for the next several decades. The security of the network depends on that incentive, so if you start burning the reserve/transaction fees, you risk destroying the incentive and thus risking network security. Again, the incentive is already quite minimal as it is, as are transaction fees. "bit of this and a bit of that" isn't going to have any meaningful impact.
>burning increases the value of the Treasury/Rewards in USD terms.
You make the assumption that the price increase will be *proportional or greater* than the amount of ADA destroyed. If we burn 20% of the rewards to pump the price, but the price only rises 10% (because markets are inefficient or bear market conditions persist), we have only reduced the purchasing power of the Treasury for long term development.
Rather than speculate on if burning would be good or bad for Cardano, all you have to do is look at the blockchains which have been token burning already. Has burning *really* benefitted those chains? Are they in a good place now compared to when they started burning?
Perhaps look at Stellar, Shib, Dot, Bitcoin Cash, Polkadot? How's their price doing? How many of those are inflationary? How many of them can you confidently *prove* that token burning works and has the desired impact? At the end of the day, having definative proof that token burning has meaningfully provided the desired outcome, and definitely prove that it won't sacrifice Cardano's network security or longevity. If you have the proof then you can formally propose a change: [https://gov.tools/](https://gov.tools/) Until then, you're just speculating and repeating conversations that have already been had and that won't lead to any meaningful change.

Cardano can’t stop anyone from using the chain to launch a token that ultimately bootstraps a privacy blockchain. ADA is still ADA

SNEK: "Our 5,000,000 ADA Treasury Withdrawal has been officially approved"

This is what happens when VC's have never been given an "in" on this.
There have been multiple legitimate examples of poor performance, the $6m failed stable coin swap and the forking of the chain being the most obvious.
Yes I understand it was "low liquidity" not a fault so to speak but that's the experience of the first attempt of someone with large capital getting involved with ADA, how does that look to others who have been thinking about it?
We NEED Tier 1 stable coins and liquidity, this isn't something that would be nice to have, it is a MUST and ASAP.
Every day this drags on Cardano falls further behind, is it stands Cardano CAN'T be adopted by any sizeable use case.
This is my second largest holding, I think this is the future, the Bitcoin how it should be, decentralized, scalable, secure, backed by research and designed with purpose every step of the way.

Thanks. And with that I'd like to close the discussion on the attack again. There's been plenty said on it, both on this subreddit and crypto media wide.
I would like to reserve this post for the purpose to call attention to the fact that the stakepool is retiring, and 7.7 million ADA representing 1687 delegators are about to receive no more staking rewards, unless they change delegation.

Is there any explanation anywhere by any actual developer on how Midnight drives demand for ADA? If Midnight integrates with everything, whats the driver for people actually using Cardano?

I’m in that position right now. I’ve sold a lot of ADA since 2019 and still have a small bag. But I’m less interested in the development.
The stablecoin fiasco really made me tune out. Most of this year I’ve been disinterested. The TVL hasn’t grown because DeFi isn’t that active on Cardano, Ethereum is dominating tokenized RWAs, etc, etc.
Man. I think I was coming to Cardano’s defense all time.
“Ethereum is a security because it doesn’t have liquid staking.”
“Ethereum moving to proof of stake might be disastrous.”
“Solana keeps going offline.”
“Bitcoin needs Cardano DeFi.”
“Cardano doesn’t need USDC.”
Etc.

Me, Ive held since then lol and its hard to stay bullish when ive watched solana and other chains that did not even exist yet take over so quickly. Ofc im still holding a good chunk of ADA and probably always will.

It’s been around for awhile. There are people who held ADA since 2018. I can see people taking profit(or even a loss) because the ADA/BTC chart hasn’t looked so good(like most alts).

you know some people actually held ADA for a long time and have given up...

Not to mention any mythical sea monsters but in the years I've been using a certain CEX I've had no problems moving ADA in or out.

Admit that: Midnight will not push ADA's price to go up. It costs no ADA but NIGHT and DUST.
So, there's still no application built on ADA, which hurts ADA's price instead.
So sad.

When will ADA deposit and withdrawal transactions begin on exchanges? Why did it take so long?

I wonder what the venn diagram of the coin bureau faithful and ADA holders are
Because Coin Bureau relentlessly shills ADA on Twitter

Midnight works because Cardano is the heartbeat running underneath it. If Cardano went dark tomorrow, Midnight would feel the consequences of that, since its consensus rules and security model are built around the Cardano state.
Technically, Midnight runs on Substrate, using AURA for block creation and GRANDPA for finality, but it adapts these via the Minotaur consensus protocol to function as a partner chain. Instead of choosing validators independently, Minotaur depends on Cardano SPO credentials and ADA stake distribution to decide who is allowed to produce blocks. Midnight nodes verify these identities against the live Cardano ledger, pulling the data via DbSync.
This means that to attack Midnight, you would effectively need to gain control over the Cardano SPOs. So by extension you could conclude that by staking ADA you are helping to secure Midnight.
My next point is more difficult to find sources for, because I've only seen it stated in past presentations about Midnight, and hinted at it being a possibility in research papers. Whether or not it's factually going to be used on launch of the network, remains to be seen. But it's suggested that the connection to Cardano is further defined by periodic checkpointing. Midnight anchors its history back to Cardano, and Cardano's version of events would be considered the final authority in case of a fork or otherwise.
All this is why validators can only help secure Midnight if they are already established on Cardano. As the [Guide to Becoming a Midnight Block Producer](https://forum.midnight.network/t/guide-how-to-become-a-midnight-block-producer/258) states:
>"To embark on the path of becoming a Midnight Validator, one must either be, or become, a Cardano SPO."
It literally requires an existing Cardano pool, including cold keys and UTXOs, just to be able to register as a Midnight validator. This is in line with statements by Charles, saying that Midnight will be a vanguard for Cardano, by potentially providing more nodes to it and by paving the way for Cardano on exchanges etc. Deals made by Midnight, will ensure a necessity to implement the Cardano infrastructure at the same time. A two-for-one deal as Charles calls it.
\_\_\_
Sources for info:
[Minotaur: Multi-Resource Blockchain Consensus](https://iohk.io/en/research/library/papers/minotaur-multi-resource-blockchain-consensus/)
[Midnight Docs](https://docs.midnight.network/) (Consensus etc.)
[Polkadot Docs](https://docs.polkadot.com/) (Substrate, AURA, GRANDPA etc.)
[Midnight Whiteboard with Charles Hoskinson](https://www.youtube.com/watch?v=TMGkYEVKuzI)
[Midnight Summit 2025 - Keynote Address w/ Charles Hoskinson](https://www.youtube.com/watch?v=HC3bHmp9Q9Q)
[Cardano Summit 2023: Cardano: Past, Present, and future](https://www.youtube.com/watch?v=wvV2h89cTo8)

Wow talk about a blast from the past. ADA still exists!!

Hi, while I also recommend to invest in BTC, ETH, ADA regularly, my best choice would be WeFi (future of Banking Defi - credit card already operational).They planned a constant growth, and you can even make better long term investment mining the WeFi token at low price (just buying ITO). We are potentially at the end of this cycle for BTC, and the strategy of WeFi makes it very resilient even during this type of phase. If you have questions, happy to help.
https://preview.redd.it/uitpis5asd3g1.jpeg?width=2622&format=pjpg&auto=webp&s=51248d14dee3343a422bc31f54eb48ff83093a56