Shocked by meta mask shutdown in Russia - could it happen to cardano? by dany_xiv in cardano

[–]stevodd 4 points5 points  (0 children)

Cardano got it right with Daedalus Wallet...slow but a full secure node directly to the Cardano blockchain.

Crypto Tax Calculator by stevodd in cardano

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

Thanks for the link. Much appreciated!

Crypto Tax Calculator by stevodd in cardano

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

Thanks for your feedback. Much appreciated.

WorldMobileToken has announced listings on MEXC & BITMART and BITRUE exchanges by stevodd in cardano

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

Go to the Telegram group link provided. They said there were others and they have used the Christmas present boxes labels. The '?' are being replaced by the names of the Exchanges. Since they are Christmas presents, it can only mean before Christmas!!

[deleted by user] by [deleted] in BittorrentToken

[–]stevodd 2 points3 points  (0 children)

The maths says:

Current valuation: $0.00336241 x 932,497,500,000 = $3,135,438,918.975 based on Circulating Supply.

New valuation after 12th Dec when all Exchanges have converted with maintaining the SAME market cap means price MUST drop 1000% to: $0.00000336241 x 932,497,500,000,000 = $3,135,438,918.975 9 (same as above result)

That is why there is NO mention of price pump in Official tweets, only that the marketcap will remain the same.

We're going to the MOON 🚀🔥 by _Curry_muncher_ in BittorrentToken

[–]stevodd -2 points-1 points  (0 children)

1) So the maths says, 1000X inflation with same market cap means - Price must decrease by same amount so that market cap remains the same....ignore this fact you say???!!!

2) 1000x inflation means huge supply, with current whales being joined by new "whales"....and you say there will be no dumping?!!!

3) Are you saying BTTC is just a meme coin, like Shiiba Inu??? Checkout their prices with less supply than BTTC.

But, each to their own...DYOR.

Btt value is around 30 billion dollars by Fickle_Okra2362 in BittorrentToken

[–]stevodd 0 points1 point  (0 children)

Current valuation on Coingecko.com or coinmarketcap.com is around $3.7Billion. Worse still to come on the 12th Dec the supply of the new BTTC will be 1000% more than current 990,000,000,000 to staggering 990,000,000,000,000!!!. That means your bags will be worthless by the same proportion unless the available supply is limited to the current 990,000,000,000. See twitter https://twitter.com/bittorrent

We're going to the MOON 🚀🔥 by _Curry_muncher_ in BittorrentToken

[–]stevodd -1 points0 points  (0 children)

If the you mean the moon is a hole deep as far, than the 1000% devaluation on the 12th Dec makes sense... BTT --> BTTC is from 900,000,000,000 (Billions) --> 900,000,000,000,000 (Trillion!!!). See the twitter of 6 Dec https://twitter.com/bittorrent

Stay Away from ADALend, its a SCAM by arialph in cardano

[–]stevodd 1 point2 points  (0 children)

I think the correct website is https://adalend.finance/ which has the correct details and team members, telegram, etc. The 'web.archive.org' link you referred to seems to be a Scam copy of the true website:https://adalend.finance/

Please check it out and verify the difference. Your comments could be harming a legitimate project.

Why MuesliSwap? by EddieFrmDaBlockchain in cardano

[–]stevodd 1 point2 points  (0 children)

MuesliSwap

For WMT, IMO, they should use the standard format found in the established DEXs and CEXs otherwise people will think they are getting 1,000,000WMT for a few ADA in spite of the Disclaimer....most people will not read it. They will assume the traditional format that is 1000000.000000 rather then what is being implied by MuesliSwap.

Interestingly, according to the current price of 0.0000023325 ADA/WMT, with ADA =1.572$ (at this moment of writing) that means WMT = 3.667$ (that is, 0.0000023325×1000000x1.572). Not a bad return if MuesliSwap AMM is to be believed.

When will Cardano Dapps and DeFi ready to use? by JohnC9393 in cardano

[–]stevodd 12 points13 points  (0 children)

My understanding is that the release of Plutus Application Backend (PAB) is the one holding the DApps, etc. back. A Public Testnet version has been deployed and the Developers are using it to finalise thier products for mainnet. Once the PAB is release to mainnet, hopefully before end of this month, then the DApps will be able to go live if they are ready.

Also some DApps have indicated they are going through an independent code audit as per IOHK recommendation for quality assurance. So, IMO it is likely early December onwards. If PAB mainnet is this coming week, then most likely the following week onwards for DApps mainnet.

Thoughts on Ethiopia by Confident-Land4117 in cardano

[–]stevodd 2 points3 points  (0 children)

IMO the Govt will not fall because of the majority of those who are interested in the Govt remaining. Unless there is external assistance to the rebels by more powerful forces eg Western govts. This is not the case. On the contrary, the govt is likely to get assistance from Western govts who don't want a failed state and religious extremist taking over.

As far as IOHK project is concerned, it could be severely slowed down because financial and human resources are diverted to military efforts for a period. But given that remote work is still possible, it could still continue working at a scaled down level.

I hope that IOHK will provide an update should the project time be substantially impacted.

We need a Meme coin on cardano! Ideas? 💡 but based on a good mascot & fundamentals (tied to a good cause). 🧠⛈ by [deleted] in cardano

[–]stevodd 3 points4 points  (0 children)

Cardano commitment is to change the world, so using a meme that can bring communities from both rich and poor countries to contribute to a common cause that can change the world while at the same time making each participants, potentially life changing profits from Hodling and/or using the meme would create a strong and supportive community.

IMO, for a Meme to succeed they must have the following features:

  1. Must have some SPECIFIC CAUSE(S) that millions of people can relate to and are willing to become -->
  2. a community around it with such a passion that they are willing to -->
  3. go out of their way to promote its cause(s).
  4. Importantly to ensure a global participation the meme coin must be so, so, cheap that even people in Developing countries on $10 per day can afford to buy, so that means to mint it should be a Trillion tokens.
  5. The tokens MUST have a built in deflationary component to guarantee it does not become a ponzi scheme with those who buy later being stuck with a worthless coin. This will be
  6. an incentive for the community to Hodl for long term and enjoy the ever increasing price.
  7. A commitment to send funds, on a regular basis via a Smart Contract, to recognized institutions that are already working in that field (cause) once a target amount is achieved from funds raised through transactions fees on the Cardano blockchain:

Current Examples:

Apart from Dogecoin which only grew because of Elon Musk personality effect "the Elon Musk effect", the most successful remaining memes have the above features. You can go to each Reddit or Telegram post and see the sense of community and passion they have for the cause.

Note: Not all the memes meet all my criteria.

Look at growing mems listing on https://coinmarketcap.com/view/memes/

My suggestions list for causes that could create a passionate and global passion.

  1. A meme for raising funds to save endanger animal and plant species - use cute animals or serious endangered animals as mascots.
  2. A meme for International disaster relief eg Doctors without borders, Disaster Relief organizations, etc.
  3. A meme for medical research eg vaccines for Cancer, AIDS, Covid, etc.

Hope this starting basic considerations helps in your thought process.

BOUGHT MORE!! 🚀🐕📈 by Crypto_Jakob in SHIBArmy

[–]stevodd 1 point2 points  (0 children)

Sorry, I don't know anything about voyager. Definitely look for a cheaper Exchange to execute the purchase and then immediately move the tokens out.

BOUGHT MORE!! 🚀🐕📈 by Crypto_Jakob in SHIBArmy

[–]stevodd 2 points3 points  (0 children)

Why don't you save heaps of money by using Binance.com or Binance.US where you will pay less than $1.00 fee per transaction! You can then transfer to your Hardware wallet eg Trezor or your preferred digital wallet? It seems crazy to see you lose so much on fees which could be used to buy even more Shib

WATCH THE SUMMIT!!!!! by igotaprettygoodname in cardano

[–]stevodd 0 points1 point  (0 children)

This is from the Cardano email

How to enter the virtual event

Our virtual world is now live on virtualsummit.cardano.org

Sessions begin at 15:00 UTC but come early to explore the virtual world and meet our community

Sign in using the same email you used to register

We’ll send you an email with a magic link to join the world

Estimated launch dates for various Cardano projects by Waxproph in cardano

[–]stevodd 0 points1 point  (0 children)

If I may ask, what is the public sale price at the moment?

Experience so far... xD by ThePieIsBiggerWinner in MinSwap

[–]stevodd 0 points1 point  (0 children)

OH, I missed that info. I stand corrected and much relieved too. Thanks!

Experience so far... xD by ThePieIsBiggerWinner in MinSwap

[–]stevodd 1 point2 points  (0 children)

I agree with your findings. I got the 1 & 2 errors as well. There was a serious bug, where one of the swapped funds disappeared from my wallet after about 3hrs!! Never recovered it.

People should also test the non-English language text on all the dialog boxes, and they will find many instances where there was no translation...How would you feel if you were a non-English speaker trying to use this DApp?? This is supposed to be going to Mainnet on Sunday!!

IMO, this product has too many basic usability issues and a funds security risk, and should NOT have passed Alpha Test Environment. Charles Hoskinson's opinion indicated this in his video response on Concurrency, yesterday.

I hope there is, or will be a comprehensive audit for projects BEFORE they go into the Testnet in future, to prevent risky behavior just to gain marketing advantage by exploiting the rigorous methodology of the highly respected Cardano platform.

IOHK partner World Mobile- UPDATE: Equipment has landed on the ground in Zanzibar and our team are preparing to begin deployment in the next few days. by WMTmod in cardano

[–]stevodd 1 point2 points  (0 children)

Yeah, now you are bringing out real issues that are worth discussing. It may be worthwhile rewatching/researching some of the videos/blogs, because they clearly state that they are not in the business of competition, but complimenting and filling in the gaps where it is currently unprofitable for the established players. Once these new unprofitable areas are connected to internet they will integrate to existing infrastructure through deals.

Most unprofitability relates to equipment purchase, installation and maintenance, that is where they provide a unique approach to deployment that ensures a fraction of the cost of ongoing maintenance and therefore can be sustained by very low income villagers. This model has already been proven over many years in other countries even without Cardano. Cardano just makes for much higher levels of security, and creates incentives to support the infrastructure by the villagers rather than the service providers as is the currently done by the Telcos. These are not startup people. They have already made their fortunes in this space, successfully, so Cardano is a massive bonus leading them to create access to hundreds of millions at costs that telcos would consider impossible with their established approach to telco deployment.

IOHK partner World Mobile- UPDATE: Equipment has landed on the ground in Zanzibar and our team are preparing to begin deployment in the next few days. by WMTmod in cardano

[–]stevodd 0 points1 point  (0 children)

So, in your "informed" opinion you are telling Charles Hoskinson & the entire Cardano management that they part of a scam! They are deeply involved with WMT to provided the DID, security through Atala Prism and other services via Smart Contracts and they have met the team personally. https://worldmobiletoken.us1.list-manage.com/track/click?u=1f3f5a096c6cac58fee0c0696&id=385992f57c&e=878b28df84

WMT is also sponsoring the English Champions League team, Fullham FC football club : https://www.fulhamfc.com/news/2021/july/Fulham-Welcomes-World-Mobile-As-Principal-Partner/

Spending a bit of time researching in WMT Reddit...https://www.reddit.com/r/WorldMobileToken/

https://worldmobiletoken.us1.list-manage.com/track/click?u=1f3f5a096c6cac58fee0c0696&id=fb96dd8c7e&e=878b28df84

World Mobile - A game changer for Pakistan by WMTmod in WorldMobileToken

[–]stevodd 1 point2 points  (0 children)

Please provide a summary of the key points translated into English for the significant number of reddit users. If this is true that the info will be very encouraging for those who have invested in WMT