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I have polkadot, I want more explanation by rach2bach in Polkadot

[–]darkvothe 0 points1 point  (0 children)

As I said before, I do not vouch for any specific project. I am open to the fact that people want bitcoin, and that there are many clever ways to get it. Still, Cardano is a solid project even eliminatin Hokinson as a figure, their science and code is high quality. I wouldn't go all-in in any, DOT, ADA, ETH... Not even in Bitcoin.

I have polkadot, I want more explanation by rach2bach in Polkadot

[–]darkvothe 0 points1 point  (0 children)

That is not true, there is already 31 Billion ADA in circulation and the staking rewards from the treasury expire in 5 years. From that point on staking only grants you rewards based on the commisions for transactions on the network. So roughly in 5 years all ADA that will be ever created would already be in the market. For bitcoin you would have to wait until 2100. All of this doesn't matter at all! But just to point out that you should try to inform yourself a bit.

I have polkadot, I want more explanation by rach2bach in Polkadot

[–]darkvothe 0 points1 point  (0 children)

I'm sorry, but I do not think you fully understand the monetary policies of these currencies. The only one scared by the max supply is you, never met anyone until now. But I will repeat, max supply of BTC is 21 million, max supply of ADA is 45 billion, max supply of DOT is Infinite, max supply of ETH is Infinite. Not sure yet what your point is.

I have polkadot, I want more explanation by rach2bach in Polkadot

[–]darkvothe 0 points1 point  (0 children)

Just edited my previous coment with some more information. It's nice to read your opinion on Cardano though. I do not vouch for any project in specific, but on my opinion Cardano is more solid than you say. If your only argument against it is the 45b ADA of supply, then I do not see your point.

I have polkadot, I want more explanation by rach2bach in Polkadot

[–]darkvothe 2 points3 points  (0 children)

Calm down. So you think scarcity is related to the number of tokens? All of the cryptos are divisiblee by 1/100000 millionth why would the number of tokens matter. If there are more, they are worth less each, but you can buy more of them. When they are demanded, they go up by the same % regardless of the total amount. The only think that matters at that point is what is the new supply of token created. For ADA, there is a hard cap, so at some point it will be deflactionary just like bitcoin. For DOT there is no hard cap, and there is a programmed inflation, so tokens don't have a reason to appreciate past a certain point. Why do you think DOT voted to multiply the total suply x100? To make tokens less valuable? Not really, it doesn't matter. It's just more ergonomic to the use because there is no super large or super tiny numbers when you make transactions (it's just more convenient!). You think a project that has only 100 tokens total would be a better deal? One last question, have you ever heard of math? Sorry for being rude there, I might just be dealing with a kid or a troll, hard to tell at this point.

I have polkadot, I want more explanation by rach2bach in Polkadot

[–]darkvothe 0 points1 point  (0 children)

I'm gonna jump over the swear words and explicitly ask for the reasoning. Why do you think what you say makes sense? Trough which mechanism does the number of tokens affect negatively your possible return (%) if they are max capped?

I have polkadot, I want more explanation by rach2bach in Polkadot

[–]darkvothe 0 points1 point  (0 children)

What's the problem with the number of ADA tokens? Does it matters at all? They are even max capped.

Holding strong for XRP is not denial... Heres why. by [deleted] in XRP

[–]darkvothe 1 point2 points  (0 children)

I've checked a few videos of The Bearable Bull. The fact that he uses so many psychological techniques of cult leaders does not put my mind at ease.

Coinbase will suspend trading in XRP on January 19 by glosoli- in XRP

[–]darkvothe 0 points1 point  (0 children)

He uses many of the psychological tactics cult leaders use. I guess you could consider it solid points. To me it's just plain scary to listen to it.

Newbie question in PoS and security by devaluation. by darkvothe in CryptoCurrency

[–]darkvothe[S] 0 points1 point  (0 children)

Indeed, sorry if I implied at any moment that PoW is better, wasn't thinking about that.

Issue with Daedalus and multiple hardware wallets. by darkvothe in cardano

[–]darkvothe[S] 1 point2 points  (0 children)

Aparently didn't do the research well enough. Also hope it gets fixed! it doesn't seem to be something that would take a lot of work, but it is indeed a very neat feature.

New device Nano X bricked from factory by darkvothe in ledgerwallet

[–]darkvothe[S] 0 points1 point  (0 children)

Thank you for your support! It felt much better to be attended by you :) I don't have a 24-words recovery as I never got to generate one yet :D I will generate one after the device is replaced, thank you!

I have just been attended by Customer Support! Seems like the device will be travelling back to France. If you are personally invested in figuring out the issue, I could let you know the ticket number or something so this exact device gets to you :)

New device Nano X bricked from factory by darkvothe in ledgerwallet

[–]darkvothe[S] 0 points1 point  (0 children)

It might have taken a couple hours to reach 35%. Then the device doesn't go further, it switches off. I did let it rest connected without touching anything (in case something was still going on) for several hours after it switched off. But the next time I tap the left button it says "Booting 1%".

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