TypicalHog

joined 9 months ago
[–] TypicalHog@lemm.ee 1 points 9 months ago

To whoever disliked this:

Did I say something that's not true?

[–] TypicalHog@lemm.ee 1 points 9 months ago

Can I know why so many people disliked this? Did I said something that is not factually correct?

[–] TypicalHog@lemm.ee 1 points 9 months ago

Nice dislikes. Can you point to even one factually incorrect thing I said?

[–] TypicalHog@lemm.ee 1 points 9 months ago (7 children)

What makes you think the FIAT system won't end up in a hyperinflation? And if it doesn't (lol), what makes you think people won't wake up and realize crypto only goes up against FIAT and it's fixed supply? And if we do get CBDCs (which I believe we will, especially since that's probably the only way they can try to save and transition the current system into something that doesn't implode), what makes you think people will just gladly welcome them and not opt out for the alternative (crypto)? I hold strong belief we will live in a hybrid CBDC + crypto world fairly soon.

[–] TypicalHog@lemm.ee 1 points 9 months ago (4 children)

Did you only skim through? They are literally presenting hard on-chain facts.

[–] TypicalHog@lemm.ee 1 points 9 months ago (9 children)

Ok, but thinking crypto won't be widely adopted is just wishful thinking. Do you honestly see a reality in the future where it's not widely adopted?
If so, I would be curious to hear how that would work and what would people use instead?

[–] TypicalHog@lemm.ee 1 points 9 months ago* (last edited 9 months ago)

Yeah, but people are just gonna leave your pool if you try to attack the network or miss blocks. (And good luck attacking the network where even the largest 2 entities Binance and Coinbase together only have about12% of block production (stake)).
Like... ye, it's not happening.
And why would you attack a network (if you could) where your value is stored. It's a suicide.
If you did have so much stake, it might be smarter to play by the rules.

[–] TypicalHog@lemm.ee 2 points 9 months ago (2 children)

We in Cardano have a "saturation" limit per pool. So if you have more than like 70M ADA, you don't get rewards for anything above that. This encourages people with a lot of ADA (either theirs or delegated to them) to run multiple pools. We call them multi pool operators. Cardano community has a really strong sentiment against delegating to multi pools. And if you are wondering if that figure I mentioned earlier (30 pools to reach 50+%) is just a few entities with many pools. No - this is actually 30 individual MPOs (multi pool operators).

[–] TypicalHog@lemm.ee 1 points 9 months ago (2 children)

Oh yeah, I was never for banning PoW. I just don't like it since I know same or better can be achieved with a well designed PoS.

Ethereum PoS has slashing so people are scared to stake thus causing low participation rate. Also, in Ethereum, you need a minimum amount of 32 ETH to solo stake. Ethereum also doesn't have a native liquid staking and has locking, unlike Cardano. And you can't delegate your coins without giving up custody of them. Cardano PoS is designed completely differently and is natively liquid with no locking, no min amount to stake, native delegation and both delegation and self-staking is risk free when it comes to your balance. Worst case - you miss out on those 3.5% rewards for the period your balance is delegated to a pool that's not doing its job. All of this is the reason staking participation is like 65% in Cardano. Would probably be even higher if it wasn't for lost coins and large whale wallets that are not staking/delegating for some reason.

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