Governance in the Junior Mining Space

In earlier blogs I explained how Cardano could prevent fraudulent yoga teacher certificates and the advantages of using ADA coins to pay for yoga services. In this blog I’ll give you the environmental reasons for choosing an investment in Cardano over other crypto-currency alternatives. I’ll keep the explanation relatively jargon free.

The legitimacy of a transaction using blockchain technology can be verified in one of two ways. One method is called proof-of-work the other proof-of-stake (the Cardano way). The proof-of-work approached is identified with Bitcoin. Bitcoin’s proof-of-work has several disadvantages including the enormous amount of energy it takes to “mine” Bitcoin. According to a 2018 Harvard Business Review article, mining Bitcoin consumes as much energy as does the entire country of Ireland! Proof-of-work was cutting edge in 2008; but we live in 2021.

Using proof-of-stake technology, Cardano consumes only 1% of the energy compared to proof-of-work. Why is that? Well, the answer is simple–Cardano is third generation crypto-currency and blockchain technology. Just think for a moment about your mobile phone in 2008 versus your cell phone of 2021! With proof-of-stake Cardano delivers the same results without causing environmental damage.

Frankly, I entered the world of crypto-currency blockchain technology looking for investment opportunity. However, I want my “greenbacks” to earn a return in a “green” manner. My fellow yogis, I invest in Cardano because it is consistent with yoga values, e.g. no environmental damage, more inclusive society, and decentralization of power. I would not consider any other way.

There is a direct connection between yoga and Cardano. Yogis perform pranayama (breath control) as a means to control, preserve and elevate life energies. We understand the importance of creating energy, directing energy and preserving energy in ourself and earth. Investing in companies whose technologies preserves energy, protects the earth and enhances society is the ideal. Cardano’s technology is also all about using energy wisely. I discovered Cardano and hope you will consider it also.

See you on the yoga mat. Namaste and hari ohm. http://cardano.org

Uncategorized

ADA Coins from Cardano as Payments for Yoga Services

June 21, 2021 Yogi Nelson

From October 2017 to May 2018, I traveled southeast Asia. During those eight months, I enrolled in advanced yoga courses in India, Indonesia, Thailand, Philippines, Malaysia, Vietnam and Singapore. Sounds great right? Well, it was except for one aspect–payments. No, I don’t mean paying for what I received. I’m referring to the nightmare of our current international payment systems. Put simply, its horrible, expensive and actually a bit dangerous. Cardano is a superior alternative.

As I made my yoga courses reservations I often thought there must be a better way. Now I know there is–paying with ADA coins from Cardano. And, what’s more soon we pay with Cardano ADA and enter into smart contracts for the services. I’ll tell you about smart contracts in an upcoming blog for now I don’t want to get ahead of myself. I’ll start with the dangers of carrying cash.

Tourist, regardless of the country, are often targeted by street criminals. Why? Because street criminals are astute and know tourist often carry cash. In every country, except for Singapore, I was obligated to pay the yoga schools in cash. No choice. That meant, going to a bank and walking out with a wad of cash into unknown streets. I often did not feel safe. Imagine the security I would have enjoyed if I could have paid in Cardano ADA. What peace of mind!

Preferring Cardano for security would probably be enough but actually there’s more; a lot more. For example, when conducting international transaction the user experience Cardano offers can’t be compared to traditional banks. With Cardano ADA there is no waiting in line, tellers, numerous forms, handing over your passport for the bank to make a photocopy, etc. With Cardano ADA there is no withdraw limit; at the time Rishikesh India had a $60 a day exchange limit meaning I had to go to the bank everyday for two weeks!

Okay, security and user experience are superior. But let’s get to the bottom line. Is Cardano more expensive? No it’s not. Using your favorite crypto-currency exchange your transactions fees will be considerably less compared to your banks and credit card companies with their commissions, international money exchange rates and service fees. Cardano sweeps it three to zero.

I teach yoga at the University of Puerto Rico and unfortunately they won’t pay me in Cardano ADA; at least, not yet. But I’ll keep asking and the next time I undertake a yoga adventure I’ll be sure to ask if the studio accepts Cardano ADA. I know it would be long. Hopefully, I’ll see you on the path using ADA from Cardano.

Uncategorized

With Cardano Yoga Can Stretch Into the 21st Century

June 16, 2021 Yogi Nelson

Believe it or not, Cardano’s technology can and should be a big part of the yoga industry. Yes that’s right. You may think, come on Nelson get serious. And I agree it may appear unbelievable or perhaps even a typo–it’s not. You might say, how in the world does yoga, an ancient philosophy and exercise relate to a 21st century technology like Cardano? If you guess nothing, perhaps you will be surprised as you read this post. As a practicing yogi and a Cardano enthusiast I too had doubts. Stretch out your yoga mat and meditate on Cardano as I explain.

The most recognized yoga teacher certification in the world is issued by the Yoga Alliance. Essentially, after completing 200 hours of yoga teacher training (YTT) from an accredited yoga school the student earns a yoga teacher certificate. After completing 500 hours from an accredited school the student earns a master teacher certificate, meaning the student is a teacher-of-teachers, provided the student has completed the required number of teaching hours. Follow me so far? Okay good. Well, just as every certificate, diploma, etc. from a university can be forged the same applies to certificates from the Yoga Alliance. Yoga studios, gyms, private clients could be victims of fake certifications. Unqualified teachers could lead to unnecessary injuries. Is there a solution or are we stuck in the downward dog position? Fortunately, there is a solution and it’s called Cardano.

Using the Cardano blockchain technology the Yoga Alliance could eliminate the threat of yoga teacher certificate forgeries. Essentially, Cardano can do for yoga what Cardano is doing for students in Ethiopia; creating a permanent unalterable record that proves the person is in fact a certified yoga instructor. The Cardano blockchain will assure potential yoga employers they are hiring legitimate instructors and that helps gyms and studios comply with insurance requirements. Risk managers will love it! Equally important students will have confidence in the instructor knowing he/she has earned the certificate. The quality of yoga goes up and everyone is better off because of Cardano’s technology.

Now do you agree Cardano should be part of yoga’s future? I suspect you. So let’s stay flexible with yoga but solid with the Cardano ecosystem.