[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 211 KB, 1242x1242, $20.jpg [View same] [iqdb] [saucenao] [google]
25503890 No.25503890 [Reply] [Original]

>> No.25504910

Feels good.

>> No.25505039

my 1$ bags are heavy as shit man one day... one fucking day i may dump them at minimal loss and it will be a glorious day

>> No.25505133

>>25505039
Why haven’t you been dollar cost averaging? Do you just not like cardano that much?

>> No.25505254
File: 26 KB, 317x291, 1606137759593.jpg [View same] [iqdb] [saucenao] [google]
25505254

>>25505039
>buying the top

>> No.25505320
File: 9 KB, 259x194, 1597262353752.jpg [View same] [iqdb] [saucenao] [google]
25505320

i have 2800 EUR, should I put all in ADA or 50% ADA and 50% something else?

>> No.25505443

Put a little of my ETH in ADA 4-5 months ago

What a fucking mistake, hoping for a miracle doubling so I can recoup my ETH losses, and then I'm never looking at this shitcoin again

>> No.25505504

>>25505443
ADA has more room to grow

>> No.25505566

>>25505504
nah its dead on arrival kek they literally hired campervan thot to advertise on facebook

>> No.25505665

Get yourself a few thousand and deleate. The returns are pretty good and this coin will likely be above a dollar soon. There's a reason it's stay withing the top 10 all this time.

>> No.25506442

103k here, The extra 3 has come from staking since August.

>> No.25507125

>>25505320
if you want a safe option, go all in cardano

>> No.25507178

>>25505566
Cope

>> No.25507216

1.5k ADAlette here. should i just rope?

>> No.25507298

>>25505320

I've been following this project since late 2017 and slowly but surely my portfolio drifted towards cardano. Now I am 100% in ADA.

This isnt shilling just common sense.

LTC and IOTA bridge confirmed which means you could mint LTC blocks on cardano network. LTC is testing grounds for bitcoin. Entire projected power needed to run ADA network globaly is 4 watts of power. 4 fucking Wats. Your watch needs more.

Why would anyone run mining farms if they could just mint btc blocks on cardano?

>> No.25507379

already put in their coinbase papers. imagine if the coinbase announcement comes during the golden bullrun?

>> No.25508033

Serious question, how does ADA compare to all of the other “ETH killers” like DOT or AVAX?

>> No.25508107

>>25508033
short answer: it's not shit

>> No.25508268

>>25508033
Ada and avax are the only real competitors to eth out there imo. It’s gonna be one or the other dethroning eth since eth2.0 is shit and the process to move to eth 2 wont be any easier than just moving to avax or cardano

>> No.25508698

>>25508268
Is there a world where all of these coexist and succeed long term... or will the necessarily be one winner in the space?

>> No.25509579

>>25508698
>
I think all those smart contract platforms will coexist. Just like there isnt one programing language that rules over everything similarily there wont be one smart contract platform for all dapps.

I think for a long time ADA will trail behind ETH before reaching 50% of ETH dapps and then it will be just complete takeover.

Oh did I mention that ADA will have offline transactions sometime in the future? The scientific papers how to pull it off are peer reviewed by mathematicians atm

>> No.25510125
File: 86 KB, 588x391, 1589560390022.jpg [View same] [iqdb] [saucenao] [google]
25510125

>>25507379
Cardano is coming to Coinbase?

>> No.25510505

>>25507379
Wish I got more than 230k

>> No.25510585

>>25509579
Offline tx seems like too good to be true. ADA is releasing like crazy so we might see a bunch of things out this year.

>> No.25510638

>>25509579
I still don’t understand how this would possibly work. Brainlet here.
Extremely bullish on Cardano but some of the stuff Charles says does not seem realistically feasible — although he’s built the worlds best smart contract platform already so maybe I should shut up and oisreh

>> No.25510765

I sold 20k ADA at .20. still have 20k left.

There's a crash coming isn't there

>> No.25510838

>>25510765
lol I'd buy back in

>> No.25510873
File: 26 KB, 644x800, QF1JroZ.png [View same] [iqdb] [saucenao] [google]
25510873

>There's a crash coming isn't there

>> No.25510959

LOL

Cardanos biggest "get" was arguably going to be the Ukraine. Remember Charles "friends with the Prime minister of the Ukraine" spiel he loves to repeat.

Well, the Ukraine looked at Cardano, was friends with Charles , and Still went with Stellar

Cardano Absolutely BTFO and I would sell the last of any remaining ADA bags I hold with this news, future fraction of a penny land for Ada price.

>> No.25510968

>>25510638

you store ada on a mobile wallet. This wallet is now tied to device.

When you make a transfer your wallet creates an secure transaction file and sends it over to another mobile device with tied wallet. When file is sent 1st mobile sends poof of burn and passphrase to acces file to 2nd device.

To send ada through internet all you need to do is to sync your wallet to blockchain and then your mobile anounces all tx stored to the network.

>> No.25511045

>>25510765
Fuck

>> No.25511086

>>25507298
please point me to further reading – you may have convinced me to push majority of my holdings into ADA

>> No.25511158

>>25510968
Doesn’t seem secure to me, but I guess ledgers work on the same mentality. Only problem is it would be third worlders using this.

>> No.25511238

>>25510765
rip

>> No.25511290

>>25508033
ADA is probably gonna be the one that takes a share of the eth pie. It's better in basically every single way. Might be good enough to negate the first mover advantage ETH has in a year or two.

>> No.25511358

>>25510959
Likely because Cardano didn't have a mainnet yet you brainlet

>> No.25511365

>>25510765
Nope. Look at BTC dominance chart. All the alts I'm watching just flipped bullish vs BTC. Mini alt season, might be a full blown alt season depending on retail.

>> No.25511373

>>25507298
Proof of work secures the Bitcoin blockchain. What secures Cardano? Seems unbelievable that it doesn't take any power when even running a node costs power

>> No.25511402

>>25503890
2021 is going to be big for Cardano.
Might be €0,5 eoy. Meanwhile buy 10k ada, stake and check out some other project.

>> No.25511460

>>25507298
Saus me in that

>> No.25511464

>>25511373
Proof of Stake, literally what everyone is moving to

>> No.25511523

>>25511365
Aww fuck maybe I can turn it into a swing. Stupid big a red candle shook me.

>> No.25511572

>>25510125
ADA ambassadors, basically public outreach for dev team, has said multiple times on reddit over the last 20 days that the ball is now officially in coinbase's corner to make it official

just a matter of time

>> No.25511668

>>25511464
Proof of Stake has yet to prove it's secure. When the price crashes and stakes pull out, how is the network secured while everybody is fleeing ship? I feel like PoS has a really bad potential for a negative feedback loop. Proof of Work actually has a contrary loop to people exiting. When people exit, mining becomes more profitable and more miners join, securing the network. In proof of Stake there is no incentive for stakers to join when it crashes

>> No.25511687

>>25511572
Shit, nice

>> No.25511739

>>25511668
staking rewards increase when stakers leave. dont they?

>> No.25511812

>>25511739
But who cares about staking rewards if the coins goes to 0? Also that's just hyperinflation

>> No.25511900

>>25511812
1. that will literally never happen
2. will 10s of billions of ADA staked there will never be a 0 supply staked

>> No.25512124

>>25511460
>>25511158
>>25511086

I cant remember in which paper I've read this.

Have this instead
https://opencommons.uconn.edu/cgi/viewcontent.cgi?article=1579&context=srhonors_theses

>> No.25512363

>>25511900
>that will literally never happen

Why? Proof of Work is incentivised by having node operators put actual resources into the system.
What incentive do stakers have if the coin they are backing loses value? What's preventing them from fleeing to another coin that gives better rewards?

>> No.25512492

https://www.youtube.com/watch?v=B8AB8ljzqyE

>> No.25512627

Charles is going to get SEC'd this year. good luck Cardabros

>> No.25512685

>>25511668
>When the price crashes and stakes pull out, how is the network secured while everybody is fleeing ship?
this argument can be said for btc's pow algo.
>When the price crashes and miners pull out
>>25511812
new ada isn't created. there won't ever be more than 45 billion. the ada not in circulation now is locked for treasury/rewards.
https://www.youtube.com/watch?v=LCeK_4o-NCc
ouroboros (and it's revisions) have been mathematically proven to be secure. this is why the peer review process is so important. you know, the thing brainlets like to say is "just a meme".

>>25512627
cardano foundation is based in switzerland. ico was held in japan. ada also isn't a security.

>> No.25512710
File: 70 KB, 400x333, bendisciple.jpg [View same] [iqdb] [saucenao] [google]
25512710

BEEEEEEEEEEEEEEEEEEENNNNNNNNNNNNNN

>> No.25512748

ADA is such a shitcoin and cardies are gay soiibois

>> No.25512772

I'm so happy I swung this x3 and cashed out $3000. Still have 20k BASE just for the laughs.

>> No.25512866

>>25505443
Ada is not a short term pump, I'm sorry you didn't know that anon. Its a long term play, the project isn't even finished yet.

>> No.25512886
File: 433 KB, 1521x1042, Proof_of_Work_vs_Proof_of_Stake5.jpg [View same] [iqdb] [saucenao] [google]
25512886

>>25512363
Please feel free to educate me. I just find Proof of Stake logic of "A hacker would need to control 51% of the money to control the system" to be very flawed, especially because nodes are very incentivised to own most of the money. Today 1% of the population controls 50% of the money. If we lived in a proof of Stake system they'd control 100% of the money. What's preventing stakers from teaming up to gain control over the network? How does PoS prevent centralization to very few rich people? How does it secure against Stakers dropping out? How does prevent inflation? How does PoS prevent creating the exact same financial structure that exist today? With PoS power lies with the people with money, so if a PoS network were to replace the current financial system... We'd have exactly the same system with the world governments being the biggest stakers and having complete control over the monetary supply. Please explain to to me the solutions to these problems, because I want to trust PoS but I just see so many problems with it. I'd happily switch from Bitcoin to a more energy efficient system if you can prove it's secure

>> No.25512954

>>25512685
>he doesn't understand how law works

charles is done. his ego has destroyed what would of been an otherwise good project.

>> No.25513059
File: 6 KB, 207x243, brainlet.png [View same] [iqdb] [saucenao] [google]
25513059

>>25512954
claiming i don't understand how law works is a great argument. you might want to elaborate before talking out your ass

>> No.25514144

Already made 500€ staking doing nothing, thank god i filled my bags when it was like 3 cents kek

>> No.25514324

>>25510765
NGMI.

>> No.25514530

>>25514144
I got into crypto in May. Cardano was my first bag bought my first stack at 0.054 felt lucky to get in even then

>> No.25514593

>>25505320
cardano only, its going to 2 dollars

>> No.25514671

>>25510125
yes, and celsius network

>> No.25514836

mfw sold 40k at 0.05, just rebought 1.5. with some money i had left.

>> No.25514912

>>25512886
https://eprint.iacr.org/2016/889.pdf this is cardano POS ouroboros per rewive paper looked by i think 7 universities around the globe.

>> No.25514993

>>25512954
ADA isn't a security because it's an open source research project founded on peer-review code and is considered to be much more a tech company. Charles has never talked about price, and has never made Cardano about "making money," rather about it being a decentralized network of payment exchange with fast tps and smart contract usage.

Anything with freshly coded smart contracts released open source is obviously far from a security. Far too much technological innovation has gone into Cardano, been released to the world for completely free, and far too little has been discussed about the price of Cardano for it to be considered a security.

>> No.25515080
File: 234 KB, 454x495, 9034109jdsakj-32409230fzdjlkfjs904235-lgf.png [View same] [iqdb] [saucenao] [google]
25515080

>>25503890
I'm proud of you Cardano army

>> No.25515085

>>25514993
Also Cardano is a project which seeks to help the third world, as it's continuously more interconnected to the web, gain financial instruments necessary without central banking industries. Cardano isn't paying people for shitty partnerships left and right and dumping bags on people everywhere. It's just not happening.

>> No.25515161
File: 81 KB, 832x690, 1606643267290.jpg [View same] [iqdb] [saucenao] [google]
25515161

Also Cardano is an ethical blockchain. Proof of Stake is more decentralized than Bitcoin -- it's not a chinese scam. It's really hard to target a network so decentralized and built on decentralization as a security. XRP's centralization, and why people flocked to it to make a quick buck, was its downfall. XRP's ruling in now way sets a precedent for ADA, so chillax and stop fudding and buy in already.