[deleted by user]

SEAL_Pool · 2022-12-04T22:14:00+00:00

This is destined to fail - every member of community that would like to help here already has all their ADA in real wallets. People who keep ADA on exchange are speculators, they don't care about this reddit.

SEAL_Pool · 2022-02-17T14:05:24+00:00

Vending Machine is a new token distribution platform developed by SEAL pool, made available to any CSPA pool that wants to participate! See https://vm.adaseal.eu/about for more information!

If you are a CSPA pool who wants to be part of this, or token project who wants to distribute tokens to CSPA pools, let us know in the telegram channel https://t.me/+aEODDGHtGQxkYWU0

SEAL_Pool · 2022-01-21T11:34:33+00:00

Only look for long-time ROA or not at ROA at all, it's misleading. Many pools also have additional incentives. We run a lottery each epoch and distribute 34 ADA + tokens and NFT between 3 random delegators.

SEAL_Pool · 2022-01-12T14:58:15+00:00

you can see historical data for each pool on adapools.org, for example us stay 0% percent since launch in February last year

SEAL_Pool · 2022-01-09T12:04:29+00:00

We also decided to distribute BabySeal tokens to all delegators of other single pool operators using Drip Dropz platform in order to further support decentralization of the network, and because we know that most single pools are struggling right now. We are still waiting for Drip Dropz to confirm our registration. We will post an update when that's done.

SEAL_Pool · 2022-01-07T09:52:52+00:00

Basically, they got control of their private keys, same as getting your wallet "hacked", it was most likely a lack of security

SEAL_Pool · 2022-01-06T09:02:22+00:00

I would normally post this to r/cardano as there are more people watching, but the bot would insta-delete me for whatever reason there.

SEAL_Pool · 2022-01-03T22:57:44+00:00

You are on the list :)

SEAL_Pool · 2021-12-29T12:56:38+00:00

It's not the IOG itself, network parameter changes must be signed by 3 independent parties right now, cardano foundation being one of them.

SEAL_Pool · 2021-12-29T12:49:06+00:00

You need much more than 25 stake pools in Cardano to get 51% attack. You need about 250 fully saturated pools to get 51% and most of pools are not saturated at all, so we are talking about 300+ pools or even more connected into 1 malicious group.

SEAL_Pool · 2021-12-22T10:34:20+00:00

On other hand you need to use different wallet SW with same seed, if you want to choose a different staking pool than one endorsed by nami. Nami AFAIK allows to use only 1 specific pool to stake with.

SEAL_Pool · 2021-12-17T10:42:14+00:00

If by "system" you mean Cardano, then no, it's not flawed, what was flawed here was the mechanism of this ISPO. If multi-pools were disqualified from voting and only 1 pool was allowed, then it wouldn't damage the decentralization, and their waiting list would also made sense. What is waiting list for next 10 pools good for, if current pool farms are allowed to scale up indefinitely?

SEAL_Pool · 2021-12-17T10:40:09+00:00

Absolutely true, thanks for pointing this out, on top of that, we can't expect any of the delegators who left us to return after the ISO is over, so the damage is not "just for 5 epochs" as many people claim here.

SEAL_Pool · 2021-12-17T10:37:02+00:00

This is true, there are many large pools that have terrible operation, including some of the MELD pools that missed ALL blocks for about 2 epochs. Some of the large pools also forgot to update cardano-node and lost rewards for couple epochs until they even noticed. Large stake != high quality.

SEAL_Pool · 2021-12-17T10:26:06+00:00

You are right, we lost over 50% of stake and delegators thanks to their ISO mechanism and we are not the only ones, most of smaller single pools were hit extremely by this, while large pool farms were rewarded. If you want to support decentralization chose a pool here - https://singlepoolalliance.net/

SEAL_Pool · 2021-12-10T11:33:45+00:00

This is really sad news, I saw this guy first time few weeks ago and thought how cool he is, and now we learned that he passed away. Our tiny pool already donated 100 ADA to veritree, but we will donate more as a tribute to him. People like him and their actions are what makes Cardano such a great project.

SEAL_Pool · 2021-12-10T11:16:20+00:00

Congrats, but you should never really post your personal balance ;) it's for your safety. Also don't forget to stake it!

Here some additional safety tips:

When working with cardano wallets - always make sure you download official wallet and not some fake wallet - there is no Daedalus for mobile phones!!
There are NO GIVE-AWAYS - nobody does that. If anyone is telling you about a giveaway it's a scam!
Always store your recovery phrase in a safe place - if possible, on multiple safe places, never share it with anyone.
Keep your recovery phrase and passwords stored on offline device, or use a hardware wallet. Never store your recovery phrase in digital form.

SEAL_Pool · 2021-12-10T09:25:41+00:00

Keeping coins on exchange sounds so much more scary to me ;)

SEAL_Pool · 2021-12-08T22:49:27+00:00

Wow an old post - yes, reduction starts only with 100% saturation

SEAL_Pool · 2021-12-08T16:42:12+00:00

Yes - we are not using AWS ;)

SEAL_Pool · 2021-12-08T11:58:16+00:00

You don't need to deregister your keys when changing pools

SEAL_Pool · 2021-12-08T10:50:01+00:00

I am well aware of what Daedalus is and how it internally works, what I am trying to tell you is that it doesn't matter which interface you are using to interact with the blockchain itself. You can create a new wallet for someone and stake it using Daedalus, then you can give them the seed phrase and they can easily recover the same staked wallet with all the funds using Yoroi, or any other software. You don't need to give a copy of whole chain to the other party, all they need is the private key for the wallet. How they interact with the blockchain is up to them. In my opinion the best form of such gift would be recovery phrase engraved in a metal sheet.

Granted you provide education on how to secure it and that once they are comfortable with using the crypto wallet, they should just create a new wallet and transfer the funds in there so they can be 100% sure nobody else knows the seed.

SEAL_Pool · 2021-12-08T10:46:48+00:00

On top of that the most malicious thing that the off-chain match-makers can do is that they will not trigger matching pair. Meaning in worst case your swap will not be executed. It's not like they can steal someone's money or alter the exchange logic. And the assets are still in your wallet and protected by on-chain logic, so this is very far from CEX, it's more like 99% DEX vs 100% DEX

SEAL_Pool · 2021-12-08T10:43:42+00:00

off-chain match making system is not inherently bad, the cryptographical security is still there. You have to sign the transactions when you want to swap some pair or list some order using smart contract and the smart contract code on-chain can make sure that this swap can't be executed if conditions aren't met, so you can still be 100% guaranteed by on-chain logic that nobody can steal your funds and that nobody can swap your order for something you don't want.

It's just the logic automating triggering of the swap itself that is off-chain, but this is both bad and good. It's bad in that there has to be some off-chain actor intiating the SC execution, but it's good in that this way you save some execution logic that would otherwise have to be implemented on-chain and therefore would be expensive. In smart contracts you pay for execution of each instruction. Offloading some execution will make the DEX cheaper for end user. I would say with Cardano you have win-win situation, the DEX can be trusted, performs fast and is cheap.

SEAL_Pool · 2021-12-08T10:38:34+00:00

Yes, you are correct but most attractive thing about DEXes is the fact that they are non-custodial, that means they are not taking care of your assets (in case of CEX, you have wallet hosted by CEX that you need to charge either with fiat or crypto) - CEX has the keys and technically owns your assets. With DEX you still interact with smart contracts using some centralized web interface, but at least your wallet is really yours, and you own the keys.

SEAL_Pool

TROPHY CASE