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Smart people dont always do smart things.

Sometimes they are too smart for their own good. Thats how you turn 12 viable institutions into four orphans in a little more than a year.

Reports came out Friday that Pac-12 schools were offered $30 million a year each for media rights by ESPN last fall. USC and UCLA had already announced they were heading to the Big Ten, so thats a good chunk of change annually for 10 schools in the same geographic regions, some of whom have been members of the conference for most, if not all, of its 108 years of existence.

Then, according to a story first reported by John Canzano, the higher-ups for the universities made a counteroffer -- $50 million per year for each school.

Id imagine the speed of ESPN negotiators leaving the table was cartoon-like, a vapor trail in their wake.

I mean, who doesnt enjoy Pac-12 after dark football with scores such as 42-35 midway through the third quarter as Saturday night creeps into Sunday morning. But $50 million? Not a chance.

The Pac-12 commissioner tried to piece together a streaming package with Apple that promised in the neighborhood of $20 million annually to the 10 that were still in the conference. Thats not $30 million and it sure isnt $50 million.

Then Colorado opts to leave to return to the Big 12 for $32 million, so that leaves nine. And then Oregon and Washington join USC and UCLA joining the Big 10 (its really 18) before Arizona, Arizona State and Utah bolt for the Big 12 (which actually will be 16 starting in 2024).

That leaves Stanford, California, Oregon State and Washington State as the four left in the rubble of the West Coast. Stanford is likely the key to saving whats left.

What school has won the most NCAA championships in history? Stanford, with nearly 140. The Cardinal have won at least one NCAA title in each of the last 47 academic years. The school has the deserved reputation of being an Olympic training ground with swimmers. The mens and womens golf, tennis and soccer programs are annual powers.

Who cares if you win a national title in those sports? Well, if Missouri would win one, there would be parades for a week.

But football is the gasoline and the match that lights the financial powers in college athletics. And the Cardinal arent great on the gridiron; therefore, those nearly 140 national championships dont carry much weight when it comes to television.

And make no mistake, its all about television and television money. And with schools showing little-to-no concern about the swimmers and tennis players and track athletes.

No matter what you think of Missouri football coach Eli Drinkwitz, and I know there are vocal supporters and detractors when it comes to his tenure with the Tigers, he wasnt wrong when he pointed that out last Saturday.

Im saying as a collective group, have we asked ourselves whats it going to cost the student-athletes? he said at a media briefing. I saw on Twitter several student-athletes talking about one of the reasons they chose their school was so that their parents didnt have to travel. They chose a local school so that they could be regionally associated so their parents could watch them play and not have to travel. Did we ask them if they wanted to travel from the East Coast to the West Coast?

And then theres what he said at the start of his remarks on the issue.

I thought the transfer window, I thought the portal was closed, he said. Oh, thats just for the student-athletes. The adults in the room get to do whatever they want, apparently.

The adults -- even the smart ones -- can do silly things. Especially when it comes to money.

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Press Box: TV contracts ruining regional experience for some ... - Jefferson City News Tribune

Home Journal Has the best crypto concept yet just been born? Is Ethereum old news?

Theres always a new contender vying for the crown in the fast-evolving crypto landscape. And a new arrival known as Bitcoin Spark has sparked debates among enthusiasts and experts alike. Could this fresh concept be the epitome of the crypto revolution, surpassing the once-dominant Ethereum?

Ethereum (ETH) has undeniably been a trailblazer in the world of cryptocurrencies, ranking as the second-largest cryptocurrency by market cap. As a decentralized smart contract platform, Ethereum has fostered an impressive ecosystem comprising numerous decentralized applications (dApps) and DeFi protocols. However, despite being at the forefront of the blockchain revolution, the current market conditions have placed the ETH in a precarious zone, making short or long positions susceptible to liquidation based on its next price movement. While optimistic investors continue to hold long positions, anticipating a future rally, others remain cautious, bracing for a potential price drop. This uncertainty has spurred discussions about whether Ethereums reign may be challenged by newer and potentially superior crypto concepts like Bitcoin Spark.

Bitcoin Spark seeks to address the limitations of traditional cryptocurrencies. The Bitcoin fork includes a reduced time per block and increased individual block transaction capabilities to ensure faster transaction speeds. The network will also have a significantly increased number of nodes to ensure lower fees.

The Bitcoin Spark ecosystem is built on a multi-layered architecture that all reaches finality on the main network. This will include a smart contract layer allowing for smart contract deployment in high-level and low-level programming languages. The ability to deploy smart contracts on the network transforms Bitcoin Spark from a simple peer-to-peer (P2P) transaction system to a versatile platform with diverse applications.

Bitcoin Spark also introduces the concept of mining for all through its novel consensus mechanism, Proof-of-Process (PoP). The PoP requires users to stake on the network and provide processing power in order to validate blocks and earn new BTCS coins. This mechanism serves as a cross between Proof-of-Work (PoW) and Proof-of-Stake (PoS) and ensures that the electricity consumption has a valid use as the network rents out the miner computational power to companies and individuals. The Proof-of-Process is combined with a special algorithm that ensures rewards per additional power and per larger stake size decrease exponentially to disincentivize what has happened to Bitcoin where two miners (Foundry USA and Antpool) combined can control more than 51% of the hash rate.

The BTCS mining will initially be done through the Bitcoin Spark application before the networks repository is made public for developers to create their own mining applications. The application will be easy-to-use and compatible with iOS, Windows, Mac OS, Linux, and Android devices. It will enable users to mine by permitting access to their devices processing unit. This software will run in an isolated environment that doesnt interact with any other part of the device to ensure security. It will also limit itself on the resources it is able to use on the device, automatically limiting the mining capability. Furthermore, the application will serve as a wallet for the network.

Bitcoin Spark aims to become a self-sustaining revenue network that allows network participants to remain profitable with a limited supply. The project achieves this by overlaying secondary revenue-generation services like advertising within its ecosystem. By allowing a small space for advertisements on its application and website, the network generates advertising revenue, 50% of which is distributed among miners and network participants. The advertising will be community policed, as any BTCS holder can vote to remove an advert based on issues, such as scams and non-conformity to terms and conditions. Once a vote to remove an ad reaches consensus and is deemed unsuitable after a manual review by one of the team members, it will be removed. Then, 85% of the remaining advertising fee will be returned to the advertiser, and 15% will be distributed to the wallets of those who voted for the advertising removal to incentivize community policing of the advertisements.

With its innovative features, Bitcoin Spark could bring a new era of digital transactions, challenging existing concepts like Ethereum. The projects initial coin offering is nearing the end of its first phase, where BTCS is selling at $1.50 with a 20% bonus on top.

For more information on Bitcoin Spark:

Website: https://bitcoinspark.org/

Buy BTCS: https://network.bitcoinspark.org/register

Disclaimer: This publication by CaptainAltcoin does not endorse or assume responsibility for the content, accuracy, or quality of materials and readers should conduct their research before engaging with any mentioned company, as the featured information is not intended as legal, tax, investment, or financial advice, and CaptainAltcoin is not liable for any damages or losses arising from the use of content, goods, or services featured on this page. You should do your own research in the crypto industry before investing in any of the projects mentioned in this article.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

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Has the best crypto concept yet just been born? Is Ethereum old ... - Captain Altcoin

The Cardano ($ADA) ecosystem has made significant advancements in the decentralized finance (DeFi) market, as its DeFi ecosystem which went live in January 2022 with the launch of the MuesliSwap mainnet has grown from $50.9 million in the first quarter of 2023 to over $150 million, a year-to-date growth of over 200%.

Here well explore some of the top performers from Cardanos DeFi ecosystem based on TVL, user activity, and more key factors.

MinSwap is a decentralized exchange (DEX) that allows users to swap a wide range of cryptocurrencies and provide liquidity on multi-pool farms with an automated yield farming mechanism that provides liquidity providers (LPs) with the best yield in the network.

Liquidity providers deposit funds into what are known as liquidity pools. These pools combine the funds of a specific trading pair and are used as liquidity to settle trades, with automated market maker (AMM) exchanges relying on these pools instead of traditional order books.

Anyone can provide liquidity into a liquidity pool on the Cardano network and on multiple other blockchains. These pools are now standard in decentralized exchanges that include Curve, PancakeSwap, and Uniswap.

MinSwap offers over 2500 pools divided into four types stablecoin, constant product, multi-asset, and dynamic pools each showing the potential APY (annual percentage yield) for LPs and an automated yield farming strategy that relocates a percentage of the liquidity LPs provide on the best-performance pools. This division of pools allows LPs to gauge risks depending on the pool they choose.

MinSwap made headlines in May 2023 following the TVL surge in the Cardano ecosystem; its the largest application on the blockchain, with a 26.8% dominance and $48 million in TVL at the time of writing. We can also attribute its surge in popularity thanks to its beginner-friendly dashboard and UI, making it easy to use for regular users.

Indigo is a community-governed protocol that allows users to create synthetic versions of real-world assets on the Cardano blockchain using ADA or stablecoins. The creation of synthetic assets is possible thanks to the Plutus smart contract platform, which allows developers to write, test, and execute applications that interact with the Cardano network.

Synthetic tokens provide users with exposure to real-world assets without owning them directly, and on Indigo are called iAssets, These assets track the price of their underlying real-world asset which can be stocks, bonds, commodities, ETFs, etc., Since real-world assets are often difficult to access for a regular user for a potential number of reasons that include geographic limitations, synthetic assets allow users to gain fractionalized exposure to real-world assets, removing financial boundaries.

Liqwid Finance is a DeFi lending protocol that has been audited by Vacuumlabs. It is an open-source, non-custodial interest rate protocol that makes DeFi lending easier and accessible to everyone on the Cardano blockchain.

Its currently the third highest ranked DeFi protocol in terms of TVL, amassing over $19 million. The protocol has gained popularity mostly due to its simplicity, user-friendly interface, high-yield staking pools, and its well-structured DAO governance system.

Users can earn interest on their Cardano-based assets by staking, they can borrow assets from the lenders on the protocol by collateralizing their positions, or participate in the community by staking their tokens to vote on network proposals or submit some of their own.

Djed is a multi-chain crypto-backed stablecoin protocol. It uses a multi-currency algorithmic system to ensure price stabilization, in which users buy and sell SHEN the protocols reserve coin depending on market conditions to maintain DJEDs USD parity while earning a share of transaction fees in the reserve pool. Djed is also backed by ADA.

Djed requires users to overcollateralized their positions in order to borrow loans; this is in order to avoid a Terra-like collapse and ensure system stability. That said, users need to post between 400% to 800% in collateral before a loan is issued to them.

WingRiders is a fully decentralized automated market maker (AMM) offering multiple DeFi services, including token swap, staking, and yield farming. Its governed by its DAO, which is powered by the protocols native token, WRT, which is a deflationary token with a fixed supply and works both as a utility and governance token.

WingRider allows users to swap Cardano and ERC-20 tokens, making it easier for users to swap tokens between multiple networks directly on the protocol. Its also the first DEX on Cardano to support WalletConnect and Lace wallet.

VyFinance is an interactive protocol designed to make DeFi services easier and accessible for anyone regardless of their level of experience in DeFi. Its the first DEX on Cardano to use an AI neural network to process all kinds of services within VyFinance, such as yield farming, staking, and non-custodial liquidity provision.

Like most protocols, VyFinance has its own native token, VYFI, which users stake in order to receive rewards in the form of crypto and gain voting rights to vote on governance and network proposals or submit their own.

Other features of VyFinance include Lottery, in which users only need to connect their wallet to play; Vaults, in which users can stake tokens on multiple projects on Cardano, a merchandise shop, and a blog section that updates the community with protocol changes and upgrades.

MuesliSwap is a decentralized exchange on the Cardano blockchain that enables users to trade Cardano native tokens. It is the first native DEX on Cardano to offer centralized exchange-like trading features with a proper UX designed for advanced, fast-paced trading.

The protocol uses a hybrid system that employs decentralized features and, instead of using an AMM like other DEXs, it uses an on-chain order book connected to its liquidity pools, providing crypto traders with features like limit, stop and market orders with low fees and fast order matching.

SundaeSwap is a DEX and automated liquidity provision protocol that allows users to trade cryptocurrencies, specifically Cardano tokens, on the Cardano blockchain.

SundaeSwap is a native, scalable DEX that runs using an Automated Market Maker (AMM) algorithm, combined with Constant Product Liquidity Pools, which helps to minimize price slippage in lower liquidity pools.

The protocol is defined by a series of immutable, permissionless, and decentralized smart contracts built on Cardano using Plutus, the smart contract programming language of the Cardano blockchain.

Aada is a decentralized lending protocol built on the Cardano blockchain. It is a non-custodial, interoperable, and peer-to-peer lending and borrowing platform that allows users to lend their assets and earn interest or borrow crypto assets and use them as financial tools. Aada Finance is built on top of powerful and safe Cardano smart contracts.

The platform utilizes the networks eUTxO model by leveraging peer-to-peer lending and borrowing primitives. Lending and borrowing on Aada works in a peer-to-peer manner, starting with a borrower who creates a loan request. This locks the borrowers collateral in a smart contract, which can either be cancelled and redeemed by the borrower or supplied with a loan by a lender. If the latter occurs, the lender sends the loan amount to the borrowers wallet.

Aada Finance uses NFT bonds to lock loans and deposits, which are redeemable by anyone who provides the underlying NFT and fulfills the loan conditions. The platform was launched on the Cardano mainnet on September 13, 2022, making it the first lending and borrowing protocol to launch on the Cardano mainnet.

Optim Finance is a yield aggregator for the Cardano blockchain4. It simplifies the process of maximizing DeFi returns by providing innovative passive investment tools that optimize yield on digital assets.

The suite of automated asset management products includes numerous financial strategy-based and smart contract-managed pools that allow users to optimize their yield potential from whitelisted Cardano DeFi protocols. Optim Finance also provides tooling to create Collateralized Debt Obligations (CDOs) and novel derivatives on Cardano.

Featured image via Unsplash.

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Cardano's DeFi Boom: A Look at the Top DeFi Projects on Cardano - CryptoGlobe

Introduction to Decentralized Finance (DeFi)

Decentralized Finance (DeFi) is the latest means of financial transactions using blockchain technology. Unlike traditional banks, DeFi doesnt need a middleman. Instead, it operates on smart contracts, which are like automated agreements. It lets people borrow, lend, trade, and save their money without relying on a centralized authority.

DeFi platforms are open to everyone and work 24/7, providing transparency and security for users. Stay up-to-date with the latest developments in DeFi through regular BTC News updates to make informed decisions and maximize your financial opportunities. Just be cautious of risks and do proper research before diving in.

A set of core principles is at the heart of DeFis success. One of these guiding principles is decentralization, which also includes trustlessness, smart contracts, open-source, and permissionless protocols.

Smart contracts, which are self-executing contracts with predefined rules and conditions, form the backbone of DeFi. These contracts are stored on a blockchain, ensuring immutability and transparency. Blockchain technology, on the other hand, provides a secure and tamper-proof ledger of all transactions, enhancing the overall reliability of DeFi platforms.

While DeFi brings several benefits, it also faces significant challenges and risks that need to be addressed for its widespread adoption. Some risks in DeFi are as follows:

Smart contracts are subject to vulnerabilities, such as coding errors or exploits, which could result in financial losses. These vulnerabilities highlight the importance of thorough auditing and security practices to mitigate risks.

DeFI (Decentralized Finance) faces challenges related to following rules set by governments and ensuring adherence to financial regulations. These issues include transparency, user protection, and handling of illegal activities. Addressing these concerns is crucial for DeFI platforms to gain wider acceptance and avoid legal troubles.

The volatility of digital assets poses inherent risks in DeFi. Sudden price fluctuations can lead to liquidation events or loss of collateral. Additionally, the lack of liquidity in certain markets can hinder the smooth functioning of DeFi platforms.

DeFi is not meant to replace traditional finance but rather complement it. The integration of DeFi solutions in traditional banking can bridge the gap between the two systems and bring about a more inclusive and efficient financial ecosystem.

In recent years, institutions have begun recognizing the potential of DeFi and actively exploring its applications. The adoption of DeFi by institutions can bring significant credibility and stability to the ecosystem, facilitating its mainstream acceptance.

DAOs are decentralized entities in blockchain and DeFi. They work without a central authority, using smart contracts and decentralized decision-making. Participants have a say in governance through voting. DAOs aim to eliminate centralized control, promoting transparency with actions recorded on the blockchain. They can manage funds, make collective decisions, and organize projects. Their decentralized nature empowers individuals and encourages community-driven initiatives.

Non-fungible tokens (NFTs) have gained immense popularity in the digital art and collectibles space. Their integration into the DeFi ecosystem opens up new opportunities for fractional ownership, decentralized marketplaces, and unique financial instruments.

DeFi offers numerous advantages and benefits that make it an attractive alternative to traditional finance.

Financial Inclusion and Accessibility in DeFi: It means providing financial services to those excluded from traditional banking. DeFi platforms are advantageous, operating on decentralized networks without stringent eligibility criteria. Anyone with internet access can participate, enabling saving, investing, borrowing, and other financial activities. This empowers people worldwide, especially in underserved regions, to have more control over their finances and economic opportunities.

DeFi lowers transaction costs and boosts efficiency by getting rid of middlemen like banks and brokers. Peer-to-peer transactions are made possible by direct participant interaction with the decentralized protocols, eliminating the need for third parties to be trusted.

Decentralized Finance offers clear visibility into financial operations, transactions, and smart contracts on a public blockchain, ensuring openness. Additionally, DeFi utilizes robust cryptography and distributed systems, reducing the risk of hacks and unauthorized access. These features enhance user trust and confidence in the DeFi ecosystem, promoting safer and more reliable financial services.

In DeFi, the community actively participates in decision-making, proposing changes, and voting on important matters. This decentralized governance empowers users, ensuring transparency and inclusivity. Community involvement fosters a sense of ownership and responsibility, driving the platforms growth and adaptability. Transparent governance enhances trust and collaboration, facilitating sustainable development and progress in the DeFi ecosystem.

DeFi is a decentralized financial ecosystem on the blockchain, using smart contracts for automated activities. It allows peer-to-peer transactions, eliminating intermediaries and promoting transparency and accessibility.

While DeFi provides enhanced security through blockchain technology and smart contracts, there are inherent risks, such as smart contract vulnerabilities and market volatility. Users must exercise caution, conduct thorough research, and employ best security practices when engaging in DeFi activities.

To get started with DeFi, learn about protocols, platforms, and wallets. Investigate and comprehend dangers, begin with tiny investments, interact with the community, and seek advice from experienced users.

The DeFi space is constantly evolving, making it challenging to pinpoint specific projects. However, some popular and innovative projects to watch include Uniswap, Aave, Compound, MakerDAO, and Synthetix.

DeFi differs from traditional finance primarily in its decentralized nature. Unlike traditional finance, DeFi operates on peer-to-peer networks, eliminating intermediaries and centralized control. Additionally, DeFi offers greater accessibility.

Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice.Thecoinrepublic.comdoes not, and will not endorse any information on any company or individual on this page. Readers are encourag to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsor post.Thecoinrepublic.comis and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

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Unleashing Financial Freedom: The Soaring World of Decentralized ... - The Coin Republic