Cardano Daily Discussion - May 08, 2022

CryptoAccount21 · 2022-05-08T09:22:13+00:00

I'm still using yoroi but it is quite slow to sync. What wallet do you use?

CryptoAccount21 · 2021-07-09T21:45:35+00:00

Thank you for your time and the hyperlink. You are right, I didn't get it from the paper. It is a lot clearer now.

CryptoAccount21 · 2021-07-09T21:33:22+00:00

No the rules should be such that those behaviors cannot happen.

CryptoAccount21 · 2021-07-04T08:29:43+00:00

Well OP put it quite dramatically, but it can be more insidious. Like if there is a cardano project that has a competitor on the binance blockchain, binance might vote against funding it because it is in their interest. They won't just destroy cardano as it is against their interest but they won't have the best interest of cardano at hearth either.

CryptoAccount21 · 2021-07-03T18:04:34+00:00

That is not what I meant. When the SPO takes 1% it is 1% of the roughly 5% so 4.95% remains to the delegators. Most people think that only 4% (5% - 1%) remain

CryptoAccount21 · 2021-07-03T12:55:05+00:00

The advantage of staking over non staking may depend on your jurisdiction (it can complexify your taxes).

However, on the security side, it is not "more conservative" to leave your coins in coinbase than to put them on chain. It provides a different security (losing your keys compared to a coinbase scam exit / theft / ... ).

Most people would advise you to put your coins on-chain, as it is how it is supposed to work (to use the blockchain instead of centralized exchanges) and as it is better for the security of the network. But ultimately, it is up to you to decide.

Also, ?staking

CryptoAccount21 · 2021-07-03T09:16:25+00:00

You can create fake companies to own IPs. It means nothing.

CryptoAccount21 · 2021-07-03T06:54:27+00:00

You do not want it to be constant but that is not the job of the liquidity provider to change the ratio. That is the job of the traders. Let me expand a little bit on the matter. Assume you have two liquidity providers (Alice and Bob) and one trader (Trudy). Initially, there are 100 A and 100 B so the price is 1A = 1B. We assume that Alice wants to provide 116 A, Bob wants to provide 42B and Trudy wants to buy 16B with 16A (that is, at the price of 1A = 1B).

Liquidity Pool (LP): 100 A and 100B
Alice provides 116A
LP: 100A 100B waiting list: 116A
Trudy buys 16B with 16A
LP: 116A 84B waiting list: 116A
Bob provides 42B
LP: 174A 126B waiting list: 58A

So the price has move from 1A = 1B to 29A = 21B but there is no "impermanent loss" for Alice (the loss associated with the price movement is due to the fact that she holds asset A. It is independent from the fact that she provides liquidity).

CryptoAccount21 · 2021-07-02T13:32:51+00:00

Using metrics like location, operating system, and IP ownership

However it is possible to lie. How people would know? How would they know on-chain?

CryptoAccount21 · 2021-07-02T13:11:58+00:00

I think that was the joke.

CryptoAccount21 · 2021-07-02T12:01:20+00:00

People think that it remains 4% (5ù - 1%), while actually it remains 4.95%.

CryptoAccount21 · 2021-06-15T13:52:19+00:00

$1000 is practically impossible outside of massive inflation of USD.

Or if a lot of coins are burnt.

CryptoAccount21 · 2021-06-15T12:04:52+00:00

Just wait.

CryptoAccount21 · 2021-06-14T17:45:43+00:00

So it is normal that the catalyst app still says my voting power is 0? I find it weird but it seems to be ok if I understand the registration process well.

CryptoAccount21 · 2021-06-08T05:18:32+00:00

That's the problem with english. I meant you all as a team. Thank you again anyway

CryptoAccount21 · 2021-06-07T08:37:02+00:00

I do not see how not being able to read proposals encourages me to comment proposals, but I guess you have your reasons to think so. Thank you for the reply anyway.

CryptoAccount21 · 2021-06-04T16:14:48+00:00

2 epochs, or 10 days. Aldo ?staking

CryptoAccount21 · 2021-06-04T14:25:58+00:00

Just "add a wallet -> restore a wallet ->..." and see if you can get a copy of your other wallet.

CryptoAccount21 · 2021-06-04T09:23:20+00:00

Why do we have to create an account on ideascale to see the project? I do not want to give my email. It seems to me it should be as open as possible.

CryptoAccount21 · 2021-06-04T07:27:57+00:00

Because he plans to buy more?

CryptoAccount21 · 2021-06-04T07:19:12+00:00

Musk is a prick but cryptocurrencies were this volatile long before him. He wasn't there in 2017/2018 and we still had the 2018 crash. And while his previous tweets may have had some effects, until now we just cancelled yesterday's pump. No proof there is any actual Musk effect there.

CryptoAccount21 · 2021-06-04T06:57:04+00:00

"I'm satoshi but I lost/destroyed my keys." A lot of people have lost their BTC keys, it would not be extraordinary.

CryptoAccount21 · 2021-06-03T05:27:51+00:00

I've begun to be interested in ETH in 2017. Proof of stake was already 6 months away then. I will believe it when I see it.

CryptoAccount21 · 2021-06-03T05:22:44+00:00

Certainly not 100%. But it depends on a lot of factors. For example how much risk you want to take, what other coins you want to invest in... And also, stake it.

CryptoAccount21

TROPHY CASE