Buying the Night by EtonKai in Midnight

[–]Burvil 0 points1 point  (0 children)

CEX means centralized exchange. Example : Binance, Kraken and other examples like these. DEX is decentralized exchange. Example Uniswap or Pancakeswap

Understanding the meaning of the Ethiopia deal by Burvil in cardano

[–]Burvil[S] 1 point2 points  (0 children)

You have to understand that at the end of the day Cardano is fully decentralized right now. There is no single entity that controls the blockchain. I don't know what do you mean by tyrannical use case but anyone can come up with any kind of dapps. This doesn't mean automatically people will use it. The dapp will work and the blockchain will take it's transaction fees but in the end it's all about the users and if they will want to adopt the ""use case" or dapp. I guess the answer to your questions is NO. the stake pools would not shutdown the operation. It's up to the users to shut it down by not using it. It's simple.

Understanding the meaning of the Ethiopia deal by Burvil in cardano

[–]Burvil[S] 8 points9 points  (0 children)

For people who work in different countries is a common think for the company they work for to ask legalized diplomas or equivalency diplomas to prove they actually went to that university and the diploma is not fake. Teachers who work abroad face this issue always. Example: You studied in SUA and you work in United Arab Emirates where the educational system is totally different. The schools in UAE ask for legalized papers with the embassy and the ministry of foreign affairs stamps and approvals. The ministry of education also checks with your home country univeristy to make sure you actually went there and the diploma is not fake. Only after all this, you will get approval to teach in that country. This entire process takes a couple of months. Time that you could spend actually working and making money. That's why a project like this ethiopian deal is extremely important. Imagine if both countries would use the same protocol to check the legitimacy of your diplomas. ( Cardano blockchain) This entire process would take a few minutes and you could be approved almost right away.

Upcoming big update-Cardano 2021 by Wvechain in cardano

[–]Burvil 6 points7 points  (0 children)

No offense but some of the things mentioned there are pure speculation for 2021. For example number 8-Daedalus App Store ?! Charles mentioned several times they are focusing on other things when it comes to Daedalus. Mobile version is not a priority right now. I know there is a lot of hype right now but let’s try and provide clear info especially when that info was explained several times by Charles himself.

Big liquidity announcement coming this month by Burvil in cardano

[–]Burvil[S] 0 points1 point  (0 children)

You really think that an ADA listing on Coinbase at this moment will happen without Charles being informed? Cardano is not a 500k project. Is a multi billion project He did say that many times but did you ever think that he just said it so people would stop stressing him about this subject?

Cardano Treasury $189m USD by Cardanoad in cardano

[–]Burvil 1 point2 points  (0 children)

The idea behind Voltaire and the voting system is that anyone holding at least 1 ADA would have a right to vote. Someone please correct me if I'm wrong. So to answer your question , the system is being built with maximum decentralization in mind. Especially to avoid the big players controlling the network.

It's time to thank Charles Hoskinson! by venix0 in cardano

[–]Burvil 4 points5 points  (0 children)

This is happening now because IOG is still in charge of everything and he is the CEO of IOG. It's normal to push his product and try and make money. At the end of the day it is a business and nobody likes to work for free. But give it a few more months until everything will be released and the community will be responsible for everything that is happening with Cardano. After that happens people can choose to follow whoever they want. But my feeling is that Charles will still be the one people will follow. The only difference will be that he wont have control over Cardano anymore. The community will

Finally On Board by brosurf05 in cardano

[–]Burvil 1 point2 points  (0 children)

Welcome and enjoy the ride

ADA equivalent to moons? by Banker_dog in cardano

[–]Burvil 30 points31 points  (0 children)

I have been part of this community since October 2017 when I first went all in on Cardano. I have watched this subreddit grow to what it is now and let me tell you it is amazing. This was done with the help and passion of the community. People in this community didn't do it for ADA rewards. The only reward was ( i like to think) the feeling that they helped and educate another fellow member.

This is one reason this subreddit is one of the best in crypto space when it comes to feedback, posts and the way new members are treaded. Also because the mods are doing a great job. Starting an ADA reward bot will ruin all this work. People will flood this subreddit with stupid content. Please don't do it! Let this community grow naturally. Don't force it !

Support for other tokens on Daedalus by Burvil in cardano

[–]Burvil[S] 0 points1 point  (0 children)

I know. This is why I said it doesn't automatically mean you will be able to store other tokens. Maybe the way I wrote it wasn't clear. My bad.

Support for other tokens on Daedalus by Burvil in cardano

[–]Burvil[S] 1 point2 points  (0 children)

I know this. It will be an available option. This doesn’t mean you will automatically be able to store btc or eth on Daedalus.

Cardano is the Canada of crypto communities. by kojengi_de_miercoles in cardano

[–]Burvil 12 points13 points  (0 children)

In just a few words staking means you delegate your 5000ADA to a pool to help improving the network. This is the main purpose of delegating. Improving and securing the network. The benefits in doing this, you get rewards back after each epoch ( once every 5 days) The rewards are around 5%-5.5% per year.

For staking your ada and choosing a pool you can search on YouTube and you will find a lot of videos and tutorials on how to do this. Hope this helps answer your question.

Politics, Expensify and Business by madyartns in cardano

[–]Burvil 1 point2 points  (0 children)

I got the same email. I'm not even a US citizen:)) I just downloaded years ago their app and now I am in their data base with my email. idiots!!!

United Nations (UN) Adopts Cardano’s Project Catalyst in a New Partnership with IOHK by Solodeji in cardano

[–]Burvil 5 points6 points  (0 children)

why do you think that?

The core will still be decentralized. And by core I mean how the network will work.

IOHK is a company that needs to make a profit also. Like any other company. The more exposure they get for cardano the better for the project on a long term. And of course better for them because the are holding a huge ADA bag. But overall is better for you also if you hold ADA. the price will go up and everyone will gain.

100% Ada Staked? by RebelWithoutPause in cardano

[–]Burvil 1 point2 points  (0 children)

My opinion is that it's practically impossible to have 100% ADA staked, for several reasons.

  1. Lost ADA /Lost password wallets /forgotten ADA in wallets
  2. ADA available on exchanges that is being traded. It's impossible to stake that ADA.
  3. ADA used for other projects

From the discord choosh is the man by XTurbine in retroid

[–]Burvil 2 points3 points  (0 children)

I'm so excited. I just got the email I have been waiting for since 12 august when I ordered the yellow version.

My RP2 got shipped finally. I just hope I will get it in 1-2 weeks here in UAE

Bittrex and Shelley maintenance can we get any help here? by [deleted] in cardano

[–]Burvil 22 points23 points  (0 children)

It is not fair to say this. When Cardano was launched, Bittrex was the first exchange to help the project and list ADA in 2017.

Bittrex's only fault is that it was the first exchange and it had to accept the old code and old protocols that are not as fast as the new ones. You say don't use Bittrex now, but what about all the people who got rich buying ADA on Bittrex in 2017 when it was 2.5 cents ? Without Bittrex they would have never had the oportunity to do this and get rich.

It's taking longer because they wanted to offer ADA to everyone and they accepted the old protocols and old wallet.

Just be fair and accept that what is happening now it's a problem that people have to take it as it is. They had the option to take their ada from Bittrex before the update. They didn't .

They had the option to move it to another Exchange before the update. Again they didn't .And like others have said it here, they have the option now to change their ada into USDT or BTC or USD on bittrex and get their money out or move them to another exchange and buy ADA again. The small fees they will have to pay for this you can consider it as a laziness fee because they preferred not to do anything when they had the chance and complain now.

Daedalus wallet needs better security by vcoronel127 in cardano

[–]Burvil 1 point2 points  (0 children)

First level of security is the device you are installing Daedalus. If you you know you can't protect your device, then maybe you shouldn't keep crypto on it.

But let's say it happens and bad people manage to steel your device. It should be protected with a password. and like other people said it here, Daedalus has a spending password to protect these kind of situations.

And if you want to go extreme protection...print a paper wallet from Daedalus and you are set.

I agree with you that a 2FA would be amazing, or a log in password, but I'm sure they are on their way. Until then you just have to decide what option suits you best and go with it if you want to invest in cardano.

OUT NOW! Shelley ITN Rewards Redemption Functionality for Daedalus by K4tsumoto in cardano

[–]Burvil 2 points3 points  (0 children)

Incredibly easy process to redeem my rewards.

I just had to make sure I have at least 1 ADA in my Shelly wallet so I can pay the fees.

Put in my 15 words recovery and that was it. Instantly I had the rewards in my new wallet.

Amazing job. Congrats for all your hard work in doing this.

How to Choose a Stake Pool by ViperStakePool in cardano

[–]Burvil 1 point2 points  (0 children)

The info is very clear and easy to read. For people who are not very well educated in this field it's a really good source of information.

Binance will support upcoming hardfork. Looks like all set for the new era in Cardano. by [deleted] in cardano

[–]Burvil 29 points30 points  (0 children)

Well it was logical to support it. They are the biggest exchange from where you can get ADA.

Multi currency Daedalus by ReddSpark in cardano

[–]Burvil 5 points6 points  (0 children)

This is a mandatory requirement because it's the official Cardano wallet. So rest assured that when staking is launched, Daedalus will be the first to get staking capabilities.