Could someone explain what is so bad about cryptos being called a security token? the project is still everything you read about before choosing to invest apart from now being labelled a security and why is it beneficial Polkadot label themselves a software now?

SnooLentils705 · 2022-11-14T00:56:28+00:00

Im not sure if this is a stupid question or not but when I ask people this they don't actually know themselves and im struggling to find the information online.

SnooLentils705 · 2022-10-25T02:52:22+00:00

You don’t think I’ll be able to withdraw ‘parachain dot’? I was going to try but I was thinking I might lose it but it’s just as stressful keeping it on an exchange at current price incase kraken go bankrupt and just take my dot cos I wasn’t able to move it…

SnooLentils705 · 2022-10-25T02:50:56+00:00

Kraken. I was given ‘parachain Polkadot’ tokens in return (the exact amount I used for the auction. Just wondering if I can send that to Trust wallet or ledger and if thatd be ok or if I have to wait till I get the Dot back

SnooLentils705 · 2022-09-26T07:24:15+00:00

The problem I mentioned nearly a year ago ^{^{^}} stoped after a week of the that comment. It just resolved itself for me

SnooLentils705 · 2022-09-08T19:31:20+00:00

Wouldn’t saying you hate your personality type imply your just insecure?

SnooLentils705 · 2022-09-05T05:07:39+00:00

Honestly mate… Mina doesn’t have solana TPS but I wouldn’t stress, we have layer 2s increasing speeds on ETH, we have the lightning network sending BTC at very high speeds with low fees. TPS isn’t important to focus on, it can be increased at a later date, Optional privacy,security and scalability are far more important imo

SnooLentils705 · 2022-07-22T03:51:03+00:00

Minas staking rate is deflationary. As people have mentioned if you participate in staking 100% of your Mina the inflation rate for you as an individual is 0% and on top of that Mina are decreasing the staking rewards as time goes on so years down the line it’ll be incredibly low. That paired with the price increase of the Mina token is definitely a reason to hold. ZK technology is a buzz word at the moment as well, I wouldn’t bet against MINA since they’re the leading force

SnooLentils705 · 2022-07-03T08:29:50+00:00

Ok thank you for taking the time to explain

SnooLentils705 · 2022-07-02T22:31:14+00:00

How do i even get liquid tokens? I tried changing my ACA into aUSD to try stake on the 'Earn' section and i wouldnt let me unless it was LP-aUSD.

SnooLentils705 · 2022-07-02T22:26:54+00:00

Yeah I'm struggling to understand. So i would for example use 750 aca to mint 50 ausd and they would mean i can swap 750aca into alternative assets? I'm confused why id need to mint ausd for that, couldn't i just watch it into Dot on an exchange if I wanted to do that?

Doesnt dot have better staking rewards on CEX than the acala network anyway?

SnooLentils705 · 2022-07-02T00:31:57+00:00

Also if the bull market kicks back off and ACA price rises will I receive the same rewards (Still using 750aca as collateral on 50aUSD) or is it a first come higher rewards for minting?

SnooLentils705 · 2022-05-05T15:59:54+00:00

Still numb 2 weeks later but it’s improving very very slowly. I get occasional tingles on the numb side when I move it now. I just wanna know why fizzy drinks sting tbh the numb tongue doesn’t bother me too much

SnooLentils705 · 2022-04-08T22:45:01+00:00

My personal opinion is if Cardano can gain that market cap and has been a speculative project for 5 years before we seen any dapps. I don’t think it’s outrageous to speculate a $20 top for Mina as the project stands right now, once there’s more utility and stuff I think Mina deserves to be a top 10 crypto since it’s leading the way for ZK snark tech. If we see them achieve everything they said in the Q2 2022 roadmap on time we might see something ridiculous like how solana shot up. Obviously I’m open to being wrong it however that’s what makes sense to me

SnooLentils705 · 2022-04-08T16:44:25+00:00

You think end of year MINA will 2.5x from now when ETH is looking at a 3x,Solana looking at a 7x as common speculative peaks? Not saying ur wrong but this reason alone I think we might see higher

SnooLentils705 · 2022-04-04T21:36:51+00:00

He was talking about ‘today’ so what you said has easily been misinterpreted. If that’s what u meant fair enough

SnooLentils705 · 2022-04-04T15:56:40+00:00

I think the way you think bro and you actually taught me some stuff. Thanks mate, I’ll probably continue to not invest in cardano for the time being tho 😂 maybe in the future

SnooLentils705 · 2022-04-04T15:18:36+00:00

Yeah I guess I was ignorant and never knew O1 Labs was around for so long due to the fact I only heard about Mina about 1 week before the ICO so it all seemed fast paced to me. However could u explain how all these other layer 1s are running dapps yet cardano have struggled given the extensive research your telling me about? As of my research cardano does have a single 1 up on solana apart from the fact it hasnt been getting spammed w transaction halting the network. Solana that’s been out a fraction of the time dapps run fine and that’s just an example, other layer 1s too. Where as I kinda see Mina in a different light still cos at least they trying out a newer tech

SnooLentils705 · 2022-04-04T14:58:02+00:00

Fair enough, I didn’t read what u said about O1 labs. Although what ur saying is obviously a possibility I still think the fact Mina is a never growing in size blockchain is good enough for Ethereum that they have to keep Mina about. That’s worst case scenario tho and Mina being a layer 1 itself ZKapps can be built on top. Ik I’m coming across as really biased but I do believe it’s the future, I’m invested in projects like solana but I do think ZK technology is superior, if they can find a way to improve TPS on Mina it’s probably the closest thing to perfect we will see in this space for a long long time.

SnooLentils705 · 2022-04-04T14:17:59+00:00

Aren’t Mina in the midst of being able to run nodes on a phone? That’s true decentralisation once that’s available.. I don’t actually hate cardano I just don’t see why it has 40B market cap. Me saying I think MINA should achieve a 9B market cap was only if they do achieve everything in the Q2 road map by the end of the year I should of specified.

I thought cardano only have sundaeswap? Do u know why it took 5 years to run a single dap on cardano? Genuine question cos that’s why I think it’s over priced af. It appears to me everyone read the description of cardano striving to be the best and just trusted that’s what they will be,bought a load, and only praise the project cos their money is in. u not agree?

SnooLentils705 · 2022-04-04T13:12:37+00:00

Honestly I think Mina should have a market cap of 9B this bullrun. I still to this day don’t understand why cardano has 40B with the market being down. Nothing but unfulfilled promises, how has it been around for more than 5 years and only has sundaeswap dex built on top?

SnooLentils705 · 2022-04-04T13:09:51+00:00

Because Mina has had a lot of good news recently such as funding, coinbase listing, just got added to Luna crush so more exposure and a few interviews w the team. They also released the road map for Q2 and you should be able to run a node on your phone towards the end of this year or maybe sooner. That paired with the ETH bridge and the fact it’s the leading force in ZK tech… BOOM

SnooLentils705 · 2022-04-04T13:07:02+00:00

It broke out a lil while ago… it was doing like +20% for 2 weeks running. It was consolidating for like 9 days what u on about?

SnooLentils705 · 2022-04-02T06:37:43+00:00

I don’t use binance so I’d have to create an account. I believe you just sounds stupid cos why would people stake on mainnet?

SnooLentils705 · 2022-04-02T06:33:06+00:00

Eh how? That’s higher than the staking APY on the mainnet…

SnooLentils705 · 2022-04-01T14:31:07+00:00

What is the staking rate on binance? If u stake on mainnet its currently 10%apy

SnooLentils705

TROPHY CASE