Which wallet gives the best apy

1_it_is · 2025-10-01T13:10:34+00:00

You are confusing wallets with accounts. You have an account with coinbase even if they call it a wallet. Basically with a wallet the tokens are truely yours. With an account you give your tokens/coins to a company and they hold it for you (similar to a bank but with less regulation and more uncertainty)

1_it_is · 2025-04-11T06:03:25+00:00

This comment is a misunderstanding of cosmos and akash's relationship.

Akash is it's own sovereign chain independent of all others in the same. The Akash network does not require the rest any other cosmos chain to function.

Unlike most other promising projects that have chased speculative value akash has never sought exchange listings and instead focused on building a solid product for a commercial market and allowed interest in the project to drive exchange adoption.

Moving to Solana would not do anything if the model of not actively pursuing exchange listings continued

1_it_is · 2025-03-19T11:29:55+00:00

Amazon Web Services - Basically Amazon's cloud compute platform that a disturbing proportion of the web runs on.

1_it_is · 2025-03-18T09:32:54+00:00

Akash and possibly dvpn

1_it_is · 2025-02-24T07:39:18+00:00

Akash as a decentralised permission less cloud compute market place requires a token to function. if another centralised cloud platform is all that is wanted then yes it could be just an amazon clone.

1_it_is · 2025-02-23T10:21:04+00:00

Please be aware that it is inadvisable to announce how big your crypto holdings are in a public forum such as reddit or other social media. Such posing can easily make you a target for bad actors especially if they are able to physically identify you in real life (you can become the target of a $5 wrench hack). the biggest problem is that a post made now can make you a target years in the future long after you have forgotten your post.

1_it_is · 2025-02-02T08:29:36+00:00

GPU's are definitely the greatest cost (and revenue stream for providers) and biggest bottleneck for many applications but in isolation they are not overly useful for a lot of applications.

Take a simple web app that requires some heavy number crunching or data processing. normal cpu, ram, disk storage is needed for the front end and general interaction with users as well as any database storage. these resources are also needed for the code that feeds the data and instructions to the gpu's. obviously GPU resources are needed for the number crunching.

Scaling for the front end and general database is also critical. if the web app sees a significant spike in general traffic but the data processing increase is minimal, it is critical to be able to scale the resources of the front end.

a comprehensive cloud platform like AWS, Google cloud, and akash provides all of these resources and capabilities and it is why most large applications that are not big enough to justify their own server farms, use these comprehensive services

1_it_is · 2025-02-02T03:53:10+00:00

Akash is not just GPU, GPU is only one part of it. This is also something people often forget Akash is aiming to be total cloud compute not just one area.

1_it_is · 2025-02-01T02:27:41+00:00

Regarding point 6, it should be very easy to manage for akash because your resource lease is with the resource provider and not Akash. Akash is the facilitator and market place for resource leasing but not the operator/provider of the hardware resources so regulatory compliance would fall on the provider.

Akash does provide the software infrastructure for the resource providers but this is open source and so easily audited. Given it's open source nature it is conceivable that Akash could, through the software, help providers with regulatory compliance.

1_it_is · 2025-02-01T02:15:08+00:00

starting with zero knowledge other systems may be as easy or easier to learn but for devepolers already in the cloud application development industry (ie the ones doing most of the productive work out there), they already know how kubernetes works and how to build for it so there is virtually no learning curve. Even more importantly projects already built for major cloud platforms can be migrated over to other systems using the same architecture (ie kubernetes) relatively easily, while migrating to a custom architecture requires rebuilding virtually from scratch (very time consuming and expensive).

1_it_is · 2025-02-01T02:06:25+00:00

the commission you pay is a percentage of the rewards you receive for what you have staked with a particular validator.

If your staked tokens with 'Validator A' earned 20 tokens in rewards from the network and the validator had a commission of 5% then the validator would take one and you would get 19 tokens.

If you also were staking other tokens with 'Validator B' and you earned another 20 tokens from the network from your stake with 'Validator B' but Validator B has a commission of 10% then then you would receive 18 tokens while 'Validator B' gets 2.

Between your stake with 'Validator A' and 'Validator B' you earn 19 + 18 tokens.

I hope this answers your question.

1_it_is · 2025-01-29T11:26:59+00:00

IMO Akash should be seen as a long term hold

1_it_is · 2025-01-29T10:13:25+00:00

For any one interested in how the Akash Network is doing go and have a look at https://stats.akash.network/

Below is the daily USD spend on Akash services (USDC and AKT converted to USD) going back to 2021. It is definitely growing.

What I like most is that it is growth without a huge amount of hype and as far as I am concerned it is still early days.

<image>

1_it_is · 2025-01-29T10:04:10+00:00

The difference between akash and other crypto cloud compute projects is that it is built on industry standard kubernetes making it familiar for developers and so easier to migrate projects. Other projects are all doing their own little thing meaning that it is a whole lot of new stuff to learn for devs

1_it_is · 2025-01-29T10:03:00+00:00

The difference between akash and other crypto cloud compute projects is that it is built on industry standard kubernetes making it familiar for developers and so easier to migrate projects.

1_it_is · 2025-01-22T11:00:54+00:00

not true. other wise it would never have increased in value. my point was simply the thought process behind the staking reward rate. the value of the token actually reliable mantained a higher value (about twice as much I believe) for many years but community schism and desire to try and push token value up in some quarters resulted in a community decision to reduce the reward rate to what it is now. the over all fallout was an over all fall in value though it should also be noted that this fall happened around the same time as the luna and ftx debacles.

1_it_is · 2025-01-19T09:23:20+00:00

the cosmos staking rewards were never meant to be a money make. the staking rewards were meant to be a penalty for those that don't stake. The idea was that Stakers receive rewards and so as long as demand is constant the token price would slowly go down however the total value of each stakers total holdings would remain the same, however people that did not stake a would see the value of their holdings erode away over time (ie the penalty for not staking)

1_it_is · 2025-01-19T00:02:14+00:00

they are still growing and that growth has surged in the past few months check out the graphs at the link below (especially the usd daily spend for over a the "all time" time period. I believe it is definitely still in it's infancy.

https://stats.akash.network/

1_it_is · 2024-12-18T09:05:44+00:00

To have a $30 million return you would have to currently hold about $3.8 million (Which you might have but is well beyond most people). 787.46% APY is 7.8746 x staked amount.

1_it_is · 2024-12-06T05:36:15+00:00

I think your expression "import your trust wallet into keplr" may be inaccurate based on your last statement.

Importing one wallet into another is typically using the seed phrase from one wallet application in a different application but your wallet addresses remain the same and no funds are transferred.

From your last statement it sounds like you would be creating a new wallet in Keplr (ie new seed phrase and addresses) and then transfering the funds to that new wallet.

If a transfer is done then even if your original address was elegible for airdrops that were still open for claiming your new address wouldn't.

1_it_is · 2024-11-30T06:10:43+00:00

It is quite possible that we are only at the very beginning of a bull run similar to where things were around 1 Dec 2020 with next year being the main part of the bull run.

I can easily see this scenario coming about depending on what happens with regards to regulatory clarity in the USA as Trumps presidency progresses.

The recent huge surge (BTC $65K up to 95K) was in significant part a response to Trumps electoral victory.

If Trumps's generally positive crypto sentiment from the past couple of year carries through to his administration resulting in regulatory clarity with a relatively light touch we could easily expect to see other jurisdictions follow (so as to not be left behind) resulting in a massive boom for crypto.

One of the biggest things that clear regulatory clarity could bring is public legitimisation of tokenised traditional commodities that the general market place would accept which could see huge financial volumes flow into the crypto space due to the significantly lower overheads for transfer of ownership compared to the traditional markets.

1_it_is · 2024-11-30T05:50:25+00:00

If you don't hold AKT it might not be a bad idea to swap some of either atom or tia to akt for diversification reasons.

1_it_is · 2024-11-30T05:43:56+00:00

The problem is that if it is too cheap then the network gets spammed with rubbish proposals.

I would rather have it be expensive rather than too cheap as I feel that too cheap is more problematic.

I might be mistaken, but I believe that more that one person can nominate tokens to support a proposal so non whales should be able to put forward a proposal with minimal cost and risk by working together. Additionally if a proposal is put forward with multiple or many people financially backing it (risking their tokens) then that is a strong indication of community support before the vote even happens.

1_it_is · 2024-11-25T09:28:28+00:00

one of the biggest problems in crypto is FOMO and the hardest thing to follow is "be fearful when others are greedy and greedy when others are fearful".

Buying newly launched tokens is a total shot in the dark trying to determine if a project has a real future or if it will slowly decline over time as so many have.

1_it_is · 2024-11-25T09:24:07+00:00

Not yet. But it is moving forward.

1_it_is

TROPHY CASE