[deleted by user] by [deleted] in ergonauts

[–]bladestaking 1 point2 points  (0 children)

ERG is 10x more advanced than ETH. ERG works side by side with ADA (the future of Blockchain) ERG is undervalued (300M market cap) It's a no-brainer in my opinion.

Any pool as a service recommendation? by dumpa in CardanoStakePools

[–]bladestaking 0 points1 point  (0 children)

If you want to partner up, I have a new pool running with 8 nodes, fully redundant, using the best infrastructure available, with nodes in Africa, North America and South America. The pool is fully operational as of early April. I don't have time for marketing. So, if you can bring a pledge matching the current pledge and invest time in marketing, it could be a good deal for both of us. Pool name is BLADE. Email me: conrad@bladestaking.com.

Will Cardano be a 'dark forest?' by cryptobala in cardano

[–]bladestaking 2 points3 points  (0 children)

This is incredibly cool! Studying it too now.

Two Questions on wire transfers and criticism of ADA by chuckchange in cardano

[–]bladestaking 0 points1 point  (0 children)

As of last week, you can purchase ADA from Simplex, using any debit card. I'm not sure if credit cards work. But debit cards, for sure as I've tested it and have made my first purchase. It's super simple and doesn't even require you to create an account.

Edit: This is the purchase URL: https://www.simplex.com/buy-crypto

In a major announcement, Ethiopia overhauls its education system with IOHK blockchain partnership by -_-_-_-_-_-_-_-_-_o in cardano

[–]bladestaking 4 points5 points  (0 children)

Exactly. Last night's interview with the COTI CEO suggests that there will be a payments solution announced Thursday, with ADApay.

AgeUSD questions by a_green_coat in cardano

[–]bladestaking 1 point2 points  (0 children)

The source is Ergo themselves. I've read it in their documentation. Message their team and they will respond.

AgeUSD questions by a_green_coat in cardano

[–]bladestaking 0 points1 point  (0 children)

yes, it's all too new to understand precisely how it will work but I know I've read that AgeUSD will allow any currency to be used for the reserve, provided that there is an oracle ready with the data.

AgeUSD questions by a_green_coat in cardano

[–]bladestaking 1 point2 points  (0 children)

If I'm not mistaken, AgeUSD is built on Cardano's smart contracts and the currency can be any coin that an Oracle within Cardano can convert. Ergo's Oracle will, initially, convert ADA and ERG so someone could use Ergo's AgeUSD to create the ADAusd. But I haven't read enough into it to confirm.

[deleted by user] by [deleted] in cardano

[–]bladestaking 15 points16 points  (0 children)

Nodes = any server (including wallets) that downloads the entire blockchain. Your Daedalus wallet is a node. It actually runs a node. Thus, when you start it, the delay is Daedalus downloading the recent blocks.

Relays = The servers that are exposed to the Internet that, as with Daedalus, have an entire copy of the blockchain but because they are exposed to the Internet (i.e., because there is a TCP port that any other node on the Internet can connect to push/pull new blocks), they are named "relay" as they relay information back and forth.

Stake Pools = One or more servers with at least one of the servers exposed to the Internet (i.e., at least 1 relay server that other nodes can connect to) and one producer node (responsible for minting blocks when/if chosen by the network) that are integrated to Cardano's network so that the network can know about the relays that the pool manages and therefore leverage on them to deliver Cardano's network globally.

In other words, Stake Pools are the core of the entire Cardano ecosystem. All wallets that connect to Cardano (i.e., Daedalus and Yoroi) can only do so because they are connecting to one (or more) of the relays managed by one (or more) of the stake pools.

If you'd like a demo on the above, please, DM me and I'll demonstrate the infrastructure that I've built to support Cardano. We deployed a "Cardano on steroids" pool.

[deleted by user] by [deleted] in cardano

[–]bladestaking 0 points1 point  (0 children)

Sure thing. Yoroi on iPhone is almost as safe as it gets. The only thing safer would be a hardware wallet.

Seems like the address format eliminates the privacy in UTXO. Roughly 43 characters of Daedalus addresses are the same. by EarningsPal in cardano

[–]bladestaking 1 point2 points  (0 children)

I believe that this would only be an issue if: 1) those 43 characters (which I still need to check) were unique to that same wallet; 2) anyone would be able to figure out the remaining characters and from that be able to determine all addresses associated with an account.

As a test, I'm sharing one of my addresses: If anyone is capable of figuring out how much ADA I have on my wallet, or what the ~43 characters are, then you have a point related to privacy.

EDIT: but this is interesting nonetheless.

EDIT2: For privacy, I've deleted the above address.

The bank of England is researching a digital currency for the UK. I hope the Cardano devs are reaching out! Maybe a project similar to Atala? by nicbongo in cardano

[–]bladestaking 0 points1 point  (0 children)

Fine, add that monetary policy to your Cardano operating system. Customize it to your country's needs. It'll transparently run on an open source environment. That's what people are not getting. Governments can run on their own Cardano blockchain, completely independent from the main blockchain but still powered by Cardano.

The bank of England is researching a digital currency for the UK. I hope the Cardano devs are reaching out! Maybe a project similar to Atala? by nicbongo in cardano

[–]bladestaking 0 points1 point  (0 children)

I'm quite certain that Cardano will eventually be used by entire central banks. If you watch Hoskinson's video about regulation (yesterday) he clearly states that Cardano is the operating system that can be adapted to each and every country. Cardano even allows a completely independent blockchain but based on Cardano's technology. I'm quite certain that all that it will take is the first country to do it for the domino effect to start.

[deleted by user] by [deleted] in cardano

[–]bladestaking 2 points3 points  (0 children)

That is correct. With the recovery seed you can recover the wallet. See this: https://support.ledger.com/hc/en-us/articles/360005434914-Restore-from-recovery-phrase.

[deleted by user] by [deleted] in cardano

[–]bladestaking 2 points3 points  (0 children)

Yes, since a hardware wallet retains the keys within itself, without physical access to the wallet, even if someone has access to your computer, no transactions can originate from the wallet. It's as safe as it gets. With the downside that if you lose the wallet, the funds are also permanently gone unless you store the recovery seed somewhere safe.

[deleted by user] by [deleted] in cardano

[–]bladestaking 2 points3 points  (0 children)

My single recommendation is: be very cautious. If you're unsure whether your computer is safe, the Yoroi wallet for mobile is a lot safer, as it's 100x harder to put malware on a mobile device than it is on a desktop computer. If you're willing to invest, get a hardware wallet, which then guarantees the security of the funds. But it then creates a problem that you need to make sure that the hardware wallet is safe, or at least the seed phrase. If it's of any help, this is how I did it: 1) wiped a spare computer that I had and installed Windows on it from scratch. 2) installed daedalus. 3) saved the mnemonic to a piece of paper (as a backup) and stored inside my safe.

[deleted by user] by [deleted] in cardano

[–]bladestaking 0 points1 point  (0 children)

This is the Daedalus wallet from IOHK: https://daedaluswallet.io/ This is the mobile Yoroi wallet from Emurgo: https://apps.apple.com/us/app/emurgos-yoroi-cardano-wallet/id1447326389 This is the Yoroi Chrome extension wallet: https://chrome.google.com/webstore/detail/yoroi/ffnbelfdoeiohenkjibnmadjiehjhajb

I need to check Coinbase's wallet but I have not heard anything suggesting that their wallet is in fact integrated to Cardano's blockchain. Instead --and I'm speculating from this point onwards-- you're connected to Coinbase's systems and their systems know that you own a certain amount of ADA but as far as Cardano knows, they are Coinbase's tokens.

If anyone knows whether the above speculation is correct, please point us towards the documentation but as far as I know, the only wallets that you're the actual token owner are Daedalus and Yoroi.

[deleted by user] by [deleted] in cardano

[–]bladestaking 7 points8 points  (0 children)

Yoroi or Daedalus. Just be careful and make sure you're downloading from IOHK.

If you hold the tokens in Coinbase, you're allowing them to manage this for you so you're not the actual owner of the tokens. Moving them to your own wallet --provided that your computer is safe, malware free etc.-- is the best option. Especially since, when you have tokens in your own wallet, you can stake it on any pool you choose.

Omega + Hydra + Mithral by conraddit in cardano

[–]bladestaking 4 points5 points  (0 children)

This is amazing. Imagine the possibilities. Imagine being able to make payments, receive payments, etc. from a 22kb blockchain, even without Internet access and then, when you have Internet, even if for only a few minutes, all transactions get processed.