TypicalHog
LMAO WHAT? Who would have thought?
Imagine if they find out that alcohol causes increased risk of slurred speech next.
Well... Cardano has like 30 different pools that add up to 50+% of the block production.
If something sus was happening with one or more of those - people can just leave them.
Same thing but 30 is better than 2.
Oh yeah, Quantum computing won't ruin crypto. Cardano already has plans to transition to quantum resistant crypto primitives. We just need to wait for some standards to form around which algorithms should be used in the future instead of current ones. I'm not worried about quantum computers at all.
My mistake, I was thinking about the current supply. Brain fart.
It's the same with ADA. 1 ADA is the same percentage of the total supply 5 years ago or now.
Do you genuinely believe the impact of Tether buying Bitcoin on Bitcoins price is comparable to the impact of Tether buying USD to USD "price"/value? Like fr?
I sometimes have a weird vibe like someone somehow crippled Bitcoin by making it not able to evolve and develop. I mean... If I wanted it gone and couldn't just destroy it, I would cripple it. Idk, just feels sus.
Bitcoin has literally 2 pools who have more then half of the block production. Also not all PoS systems have locking and slashing btw.
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.