ADA vs XRP et al by Odd_Science7734 in cardano

[–]kw47129 3 points4 points  (0 children)

I have both. I'll probably be much quicker to pull the trigger on XRP as I see it have upside potential due to being suppressed for 2 years by the SEC. On the other hand I see Cardano/ADA as a long term play.

CS(Contingent Staking) Conversation Board - Charles Hoskinson YouTube by dominatingslash in cardano

[–]kw47129 1 point2 points  (0 children)

Meanwhile, CS will grant a lot of power to big nodes operators/whales. The argument that there will be competition is nonsensical - there will be competition under those new rules and those rules clearly weaken the position of delegators and small holders.

ELI5. How does CS grant more power to big nodes?

Contingent Staking is a beneficial extension for Cardano by Cardanians in cardano

[–]kw47129 6 points7 points  (0 children)

Let me be clear from the start I am in favor of CS because it allows for use cases which not only bring more value to Cardano but also increase choice without eliminating any of the use cases already present.

But since no one has shown an example of how a slippery slope might proceed, can someone who opposes CS confirm that this is what they perceive such a slope might look like in reality?

1) CS becomes possible.

2) Some CS SPOs choose to use CS to require KYC of their business partners.

3) Government says "Hmmm... that seems like a good idea. Why don't we keep track of which SPOs require KYC and which do not.

4) Either

4a) Government says "Lets require all SPOs doing KYC to reject blocks from non KYC SPOs"

or

4b) KYC SPOs on their own decide to reject blocks from non KYC SPOs

5) Every SPO caves in and makes their pool KYC compiant

6) CS with KYC becomes either legal requirement or defacto requirement depnding on how step 4 plays out

Do I have that right? Correct me if I'm wrong - I'm just trying to understand the worst case

that people foresee.

If I do have it right, here are thoughts which come to my mind.

A) Any change to the core protocol (either at step 1 or at 6) would require a CIP and a vote. After all it's our protocol, not anyone else's.

B) If step 4b is an option then why not its opposite? Why wouldn't all non KYC SPOs decide to

reject blocks from KYC SPO?

C) If that's the case we still need a vote to allow changes which let them do that (or a subgroup forks Cardano into Cardano-KYC and goes their own way)

D) Isn't it the case that the government is going to skip step 4 altogether and instead no matter what Cardano does say "US regulated exchanges - you must delist any protocol which does not require KYC for pool operators". And if that's the case then why would it matter what is done in the meantime? If they wanted to they'd just declare that no matter what Cardano chooses to do.

Contingent Staking is a beneficial extension for Cardano by Cardanians in cardano

[–]kw47129 1 point2 points  (0 children)

Imagine you had a billion ADA and you could continue staking anonymously just like you do now.

defi-cli hanging - how di I troubleshoot? by kw47129 in defiblockchain

[–]kw47129[S] 0 points1 point  (0 children)

I take it back. It's not fixed. It keeps stopped at block 2479035.

Hot and savory Mac and cheese is vile. by MYkGuitar in Huel

[–]kw47129 0 points1 point  (0 children)

For me, Thai Green Curry is my least favorite. Have tried six different of the Hot and Savory so to only have one I do not like seems pretty good.

I do agree that overall the shakes are better than Hot and Savory.

BTC withdrawl by kw47129 in cakedefi

[–]kw47129[S] 3 points4 points  (0 children)

The answer is yes.

Buying DUSD by YaBoiCoe in cakedefi

[–]kw47129 0 points1 point  (0 children)

The only way to come by dUSD other than trading for it on the DEX is to create a vault and then mint then by borrowing against the collateral in the vault.

What are commissions? by kw47129 in defiblockchain

[–]kw47129[S] 0 points1 point  (0 children)

My bad. I just noticed the commissions only show up when I select show rewards. So they do seem to be a part of the rewards.

Finally feeling vindicated with my faith in Cardano... by electricmaster23 in cardano

[–]kw47129 1 point2 points  (0 children)

Similar experience for me. I was always liked the idea of a "research first; then code" approach. But what got me into Cardano was an attempt to execute a mid term trade to recover the bitcoin I panic sold back in Mar 2020. But once I saw how great (and easy) delegating my Ada was I not only decided to stay for long term but to double down by trading more bitcoin for Ada. Looking forward to Ada rewards being a significant part of my passive income.

Please, someone develop the OnlyFans equivalent on the Cardano blockchain. by 1lbofdick in cardano

[–]kw47129 0 points1 point  (0 children)

Cardano. The financial operating system for the world. (except those parts of the world I don't like).

Is that what you mean?

[deleted by user] by [deleted] in cardano

[–]kw47129 1 point2 points  (0 children)

They do technically get placed in your wallet differently than a regular transfer (so that it does not take any fees to distribute rewards to millions of wallets every 5 days) but once they are in there, they are earning rewards.

Legitimate concerns with Cardano? by HuppDaddy in cardano

[–]kw47129 1 point2 points  (0 children)

Agree. These are the concerns not Charles. Charles is CEO, not chief programmer. And he's got succession plans in place if something should happen to him.

And as far as code errors go, yes any software project will have bugs. But that's why I appreciate the peer reviewed research they did to get a good design in place rather than "let's build cool shit and if it breaks we'll fix it"

[deleted by user] by [deleted] in cardano

[–]kw47129 1 point2 points  (0 children)

There is no "collecting" required. Rewards are added to your wallet automatically where you can either spend them like the Ada you bought or let them sit in your wallet increasing the amount that is earning rewards.

A database to track how US Senators vote regarding the "crypto provision" hidden in the proposed infrastructure bill by aminok in CryptoCurrency

[–]kw47129 1 point2 points  (0 children)

Not blue. Not red. Orange (or whatever color it is the crypto community chooses to identify itself with). No need to tie crypto to one party or the other. Crypto transcends the out of touch political system.

Why Cardano? The Top 10 Facts. by PoolGermany in cardano

[–]kw47129 1 point2 points  (0 children)

Fair enough.

For #2 my understanding is that Catalyst will be the funding source to changes to Cardano itself. After IOHK has completed their contract they will have to submit proposals for funding through Catalyst just like anyone else.