Dear Minimalists,
In November, as the days are getting shorter, the Bitcoin price did not hit $98,000 as predicted by the Stock-to-Flow model by Plan B. While price action is often one of the most-reported features of the markets, at Minima, we were busy working on growing the network and preparing for our upcoming Hard Fork.
A big thanks to everyone running a node and helping share the word on the network.
One major milestone for us was hitting 7000 nodes in the network — which is half the node count of Bitcoin. Read on to learn more about our November Highlights.
DeFi Live
We’re a decentralized team distributed across the globe, but a few of us made it to DeFi Live in London to represent Minima in early November. It was a pleasure meeting fellow minimalists and learning from renowned speakers about the future of DeFi.
On the first day of the event, our Social Media Manager spoke on two panels on Marketing in DeFi, and about Working in Crypto.
7000 Minima nodes and growing
On November 16th, we shared the exciting news that we’ve hit more than 60% of the node count of Bitcoin. We now have node runners worldwide in over 94 countries that fully validate and construct the Minima protocol.
Our CEO Hugo Feiler on this significant accomplishment:
“Minima believes that everyone should be able to run a Complete node, to ensure the network remains completely decentralized, now and into the future.
For this reason, I am delighted to announce today 7,000 full nodes, the first major step on our journey to one million knots. We are grateful to our community of early users and testers, who are making our Mainnet launch in 2022 a reality.”
You can find more details on this milestone here.
An OG's View on Crypto — AMA
On Wednesday, November 17th, we held an AMA on our Discord channel to allow anyone to ask our CMO Jon MacDonald anything. Jon has been involved in crypto since the early days and shared his views on blockchain, Minima, and the industry’s current state.
We don’t believe that the blockchain trilemma is unsolvable. If you centralize any component, your decentralization is gone. There’s no being just “slightly” decentralized.
You can find a recap of the most critical questions we covered, as well as a link to the recording here.
The Metaverse
The Metaverse continues to be a buzzword in crypto, and metaverse tokens like MANA and SAND have seen their prices rise exponentially. But what exactly is the Metaverse, and why do we believe we can’t let a few big companies dominate it?
Find out more in our blog post.
A Talk about Freedom and Decentralization
What would you do if you had access to free information and value transfer? Many critics might see such a network as a network that enables bad actors. However, that, in our view, is too short-sighted an argument.
“If it is the case that people could do wrong with your tools, should we not provide the tools because of the risk, or do we handle the risk in a way that doesn’t stop the freedom of use for the people who want to do the right thing?” — Jon MacDonald CMO Minima
Find out how we think a free network will do more good than harm in a "Talk about Freedom and Decentralization. "
Upcoming Hard Fork
As you might know, we’re currently in test net, which means we are going through upgrades to ensure that Minima will be complete at the main net launch.
On December 6th, we will be going through such an upgrade — which in Blockchain terms is known as Hard Fork — to lay the foundation for our peer-to-peer network, which will enhance the security and scalability of Minima.
As part of our preparation, we’ve started migrating IncentiveCash to the new system and put it into maintenance mode to ensure a smooth transition. If you can’t log into your IncentiveCash account, worry not. You will continue earning Minima Coins for every day that your node is running. Once we successfully conclude the Hard Fork, all your rewards, including missed ones, will be waiting for you in your IncentiveCash account.
You can find all the details on Hard Forks and commonly asked questions about Minima’s Hard Fork addressed here.
A huge thanks to all our early backers, investors, community members, and node runners for making our growth possible.
The evolution will not be centralized.
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