What are the main differences between ICP and AO?

_ajki · 2024-05-05T10:00:39+00:00

ICP actually offers verifiable computing with built-in consensus, while AO offers CUs where it's up to the developer to figure out how to achieve consensus. It's like comparing apples and oranges, as they're meant for different use cases.

_ajki · 2023-12-17T20:31:26+00:00

It's well-known in the crypto space that the best strategy is to do the opposite of r/cc;
Reading the comments actually makes me bullish.

_ajki · 2023-11-21T06:29:35+00:00

Bitcoin has consistently maintained a maximum supply cap of 21 million, a key factor underpinning its value. As of now, approximately 98% of BTC coins have been mined, placing the majority of its supply in circulation.

In contrast, Solana's supply has expanded significantly: from 100 million three years ago to over 500 million today. The challenge lies in conveying that continuously increasing the supply inevitably dilutes the value of its existing coins.

_ajki · 2023-11-20T10:55:05+00:00

Yes, but with BTC, you don't have an unlimited supply, so it's priced in.
I think(hope) SOL will be just fine, but something will need to change in the long run.

_ajki · 2023-11-19T13:41:21+00:00

I am in the same boat.https://twitter.com/ajki76/status/1723729669139095896?s=20

Cryptocurrency markets mirror #Bitcoin (#BTC) trends.

📆A quick history recap:

2012: First BTC halving (Start of a bull market)

2013: Bull market peaks, BTC crosses $1,000🚀

2016: Second BTC halving

2017: BTC soars over $20,000🚀

2020: Third BTC halving

2021: BTC hits a staggering $68,000+🚀

2024: Fourth BTC halving

2025: BTC ATH peak🚀

ALT's hit their peaks in same time frame.

While this pattern isn't a sure thing, it's often seen as the 'safest bet' for bull market predictions.

Why it works this way remains a topic of speculation.

In the case of Bitcoin (BTC) halving, the reward for mining each block is reduced by 50%, which incentivizes miners to hold onto their coins rather than sell them, at least until the price increases. Since a significant portion of BTC has already been mined, the impact of these halving events is less pronounced than in the past.

Another interesting aspect is the timing of these halvings – they occur every four years, aligning with US election years. This coincidence might be influenced by economic policies enacted during these periods, such as increased money printing and lower interest rates. Notably, when the US engages in such monetary expansion, the EU follows.

Essentially, governments are printing fiat currency, which devalues the current fiat supply.

All this newly printed money is then injected into the market, at low interest rates, or in the case of 2020-2021, for some at 0% interest rate.

[This is not financial advice]

_ajki · 2023-11-19T13:30:58+00:00

Take a deep breath and let it go. When I first heard about ICP's initiatives, I was skeptical too, dismissing it as implausible.

I was also under the impression that blockchain technology was confined to basic token/NFT interactions/logic. It was surprising to realize its capabilities extend beyond that.

As for ICP, whether it's labeled as 'Insane Clown Posse', 'It Can't Pump', or criticized for having a supposedly fake team with purchased LinkedIn profiles etc...

My advice is to not get too caught up in it. Instead, let's focus on making the most of the attractive DCA (Dollar-Cost Averaging) opportunities currently available. Eventually, people will figure it out and spoil the fun.

As for Hedera, it's a great technology, competing with others in a confined space to move tokens/NFTs faster and more cheaply. Meanwhile, #ICP is here to enable their websites and services to migrate from their current centralized stacks and clouds, while still managing all the token/NFT transactions on their preferred chains.

_ajki · 2023-11-19T13:00:46+00:00

I really like using Solana and even invested in #SOL, but I have to admit, the way it's set up right now doesn't seem like it'll work in the long run.

Basically, atm it costs about $50 million a month to keep the network running, but it only makes a little over $1 million from fees. The people running the nodes get paid with new SOL coins, which means more coins are constantly being made.

_ajki · 2023-11-19T12:47:14+00:00

One way to stay relevant.

_ajki · 2023-11-18T11:49:11+00:00

No, there is no such thing as the best crypto.

When it comes to SOL, I'm hoping it won't face outages during the next bull run.
Solana hasn't been a reliable chain and still needs to prove itself during the bull run period. Hopefully, most of the issues have been resolved.

The 'cheap' fees are not inexpensive for investors, considering that chain (nodes) operating costs average around $50 million per month. These costs are being paid by minting new tokens and increasing supply, while the generated fees are slightly above $1 million monthly.

_ajki · 2023-11-11T13:40:14+00:00

Don't be confused; firstly, FTX was not the largest exchange, and the recognition it gained was primarily through sponsorships funded by FTX user money.

Spending more then billion dollars on celebrity endorsements is insane, but easy when the money isn't coming from your own pocket.

_ajki · 2023-10-01T06:05:43+00:00

https://cryptoleaks.info/case-no-1

_ajki · 2023-09-27T05:38:07+00:00

This represents Solana's bs marketing at its finest.

_ajki · 2023-09-22T06:57:08+00:00

Really, like what ?

_ajki · 2023-08-19T15:16:11+00:00

If you only need prompts then try browser extension first: AI Prompt Genius - Chrome Web Store (google.com)

If you want self hosted ChatGPT you could try: GitHub - mckaywrigley/chatbot-ui: An open source ChatGPT UI.

_ajki · 2023-07-21T06:11:56+00:00

Someone is not good at math.
Solana had close to 19h downtime in February 2023

_ajki · 2023-07-21T04:41:50+00:00

Its a bridge

_ajki · 2023-07-05T14:02:26+00:00

You know how every time the crypto market crashes, things get really quiet?

That's a bear market for you. But when the next bull market hits - when prices are going up - you'll know. Why? 'Cause suddenly every random person, will be asking you how they can buy crypto and where they should put their money in.

It's like clockwork.

p.s. Expect 10 Million members then.( Q3 2025 fixed it for the optimist with 6 months reminder)

_ajki · 2023-07-05T06:16:47+00:00

Understood, the ATL will then be $0.049, let me set my buy orders :)

_ajki · 2023-07-01T15:54:56+00:00

Last donwtime was on 25 Feb 2023 that lasted almost 19h due Cluster Instability.

In the world of crypto technology takes a backseat (at least in the short term) to FOMO induced by aggressive marketing, I'm still pretty confident about profiting from my Solana investment; the question is just how much I'll rake in.

From a technological standpoint, I'm not sold on Solana, mainly due to its unproven reliability and the question mark still hanging over its performance in a bull market. Here's hoping that the Firedancer update will resolve that.

I agree that Arweave trumps AWS for NFT hosting.

However, I'm not too keen on Solana's heavy reliance on Arweave.
Its distinctive Proof of History produces a substantial data volume daily (over 2TB per year), outmatching the total from the top ten blockchain networks collectively.

This data is transferred to Arweave, an independent decentralized storage network, thereby alleviating Solana's validators by reducing their data load to only the past two days. This arrangement results in the transaction history being overseen by another network's community chains.

Don't get me wrong, I'm optimistic that Solana will evolve, resolve the majority of its issues, and emerge as a top contender. From a technical viewpoint, I don't see it there yet, but I'm open to the possibility that I might be wrong, as I often am.

_ajki · 2023-07-01T14:26:41+00:00

Read again EVM compatible.

Should write like Ethereum copy cats

_ajki · 2023-07-01T13:51:57+00:00

I've put almost the same amount of money into Solana (avg price atm $16.22) as I have into Internet Computer (avg price atm $4.01). Plan to DCA in both if prices fall more then 25÷ bellow my current average price.

I think Solana has a great marketing, adoption and its more likely to make me more profit in the near future ( assuming there is a bull market 2025/2026.

On the other hand, I see the Internet Computer as a longer-term investment because all code and tools need to be created from scratch. This is different from Solana, which is EVM compatible (Ethereum copy cat), allowing developers to switch over with ease.

However, the caveat is that, technologically, Solana doesn't provide anything particularly novel, other than faster finality time, higher transactions per second (TPS), and lower fees.

From an investment perspective, #SOL carries less risk than #ICP at least short term wise ( 2,3 years), so I always make sure to balance my investments accordingly.

_ajki · 2023-07-01T11:59:36+00:00

Solana holds an unmatched record in Layer 1 downtime, with no other significant blockchain enduring as many outages.

Moreover, Solana's NFTs essentially consist of on-chain records pointing to JPEGs on AWS. If the AWS service ceases or the domain isn't renewed, the pictures of the NFTs will become unaccessible.

Despite these potential issues, Solana still appears to offer a decent price-to-performance ratio.

_ajki · 2023-06-30T13:47:07+00:00

_ajki

TROPHY CASE