Not all crypto. But Ethereum and its ecosystem has some of the worst cases of hacks and scams.
Fiat Cash gives you the problems we see today.
Metals are good for local transactions but not for long distance. Also in case of internet/electronic. The problem is you have to trust 3rd parties to safely secure and transport metals without fudging the numbers. These 3rd parties eventually become banks and as their greed and hold grows over time they eventually advocate for a Central Bank and fiat currency, repeating the same loop.
Crypto and blockchain is the only new tech that could free us from this loop. Crypto doesn't run into the problems of Triffin's Dilemna or the Cantillon Effect because the currency is distributed internationally and not from any one point.
You want a crypto that has:
code that's open source
no history of hacks
is decentralized in every way
scalability
efficiency
ability to be rebuilt with ledger intact if internet/electronics go down (more copies of the ledger makes this better)
smart contracts
low fees
Nobody wants CBDC in any way unless they profit from the control.
Just remember: XRP IS a CBDC. It doesn't belong in the same category as other crypto coins. XRP is run on a fully permissioned blockchain dictated and controlled by a centralized authority.
XRP was designed for and used by the central bankers. Literally ANYTHING is better than XRP. It is even worse than Proof of Stake coins, where an organization can control both the value AND the allowed transactions of a coin if they own enough of it. Only Proof of Work coins like BTC on a public blockchain are truly decentralized.
Keep in mind the following categories, and a convenient way to think about them:
XRP/CBDCs: Tyranny by central authorities
Proof of Stake: Tyranny by corporate structures
Proof of Work: Optimal decentralization
The beauty of Proof of Work is that a bad actor can own nearly all of a coin, but he still can't control spending of that coin. To do that, he must control a completely orthogonal resource. In this case, energy.
World's bridge currency. Ripple was chosen to build the rails and they are building all the CBDC's for the central banks and countries. Correct there is nothing good about the digital prison that has been built around us while we have been talking and pointing about the elections, wars and vaccines. Those have all been a distraction so they can get this in place and get the gates shut. If you think anything in the last 5 years were bad, wait until they flip the switch on this. "You give me control of the monetary system and I care not what laws you make"
Cardano has 3000 small business stake pool validators to process transactions. They are so cheap and easy to setup you can use a Raspberry Pi as the stake pool.
Cardano (ADA) that is staked to a stake pool increases its chances of validating a block and getting a payout. If a block is processed, stakers get a cut of transaction fees and newly minted crypto based on % they staked compared to the entire stake pool supply.
On Cardano, staked crypto is not held by the stake pools, it is delegated. It's basically voting with your tokens which stake pool processes transactions. This is Non-Custodial which is great because Ethereum doesn't work this way.
If too much Cardano (ADA) is staked in a stake pool, it doesn't become more likely to be picked to process transactions and it flattens out. This encourages more decentralization.
Because the cost of stake pool rig (raspberry pi) is so cheap and the amount you need to start staking (10 ADA) is so low, you see more stake pools instead of decreasing.
The minimum attack vector in Cardano is usually in the high 20s. That means it would take the 20+ biggest stake pool groups to come together to take over the network
Compare this with Mining pools on Bitcoin, if 3 of the biggest mining pools (or the people running the mining pool software) decide to join hands, they can take over the network in a 51% attack. Much worse imo.
I am not wrong. It has zero to do with how many small authenticators you do or do not have. ANY proof of stake coin is insecure, because it uses the SAME resource to decide who can authenticate as well as who can establish the coins value.
If I hold 99% of the tokens (through many shell companies), I can continue forever holding 99% of the tokens and I NEVER have to spend real money to be an authenticator. And I never have to give up my holdings. It is a fundamental flaw in the entire Proof of Stake industry. I can control everything and there is nothing anyone can ever do to wrest control away from me. If I don't want to sell my stake, you can only buy the tiny float I allow you to have. You can never dethrone me.
If I were to hold 99% of Bitcoin though, it gets me nothing. To control who can transact the other 1%, I have to spend actual money OUTSIDE OF THE BITCOIN ECOSYSTEM in order to control the authentication. And if enough people decide I'm an evil dictator, they can always ban together and eventually overwhelm me. This is because they don't need to buy my stake in BTC to authenticate. They only need energy, and I don't control that.
Proof of Stake is an inherently bad idea. It is exactly analogous to a corporate structure, where the people who control the stock control the coins. The fact that a coin may have many stakeholders does nothing to minimize the fact that a determined bad actor could set up many nominee stakeholders.
All Proof of Stake coins are inherently vulnerable to this. Only Proof of Work guarantees that nobody can control both sides.
To control who can transact the other 1%, I have to spend actual money OUTSIDE OF THE BITCOIN ECOSYSTEM in order to control the authentication
I agree with this, it's true for now unless Bitcoin becomes the World Reserve Currency. Then the amount of Bitcoin you have also greatly controls how much energy you can acquire to mine Bitcoin and your % of ownership stays stagnant if you mine as well.
Not only that but in Bitcoin as the difficulty increases, the hardware must get more specialized, more expensive, and price out more people. Eventually you do get to a point where 1-2 mining pools control over 50% of transactions which is what we're seeing in Bitcoin. Regular people don't even have the option to mine for bitcoin because the costs (and electricty) are so high and take so long that it's not worth it unless your in a bunghole shithole 3rd world nation. Corporations will vastly control the bitcoin mining operation, eventually acquiring the wealth to buy out/create the best mining rigs to maintain control forever. And even if they initially had a lower % supply, they will increase that supply if they have a market control on the computing power and the hardware.
This is what we have been seeing in Bitcoin since it started.
So eventually with a rising ledger and an exponentially rising mining difficulty, regular users of Bitcoin and even miners get priced out by those same corporations who already own millions of Bitcoin and already own a vast % of the computation to bitcoin mining. Then you're fucked.
So then the major question proof of stake is how decentralized is the crypto?
Now sure they can hide their crypto in wallets and that can be tracked. There is a way to find this out considering we know some of the big addresses like Coinbase or Binance or the Dapps for example. If someone owns the majority then you will see a predictability in the Project Catalyst voting, in the staking, in how the system is running and you do not see that. If the majority ownership is not there initially, it becomes harder over time as more and more people acquire ADA and hodl it themselves.
Stake pool operators will remain low cost for small businesses to create so this isn't a problem. It won't be priced out with better hardware and higher energy output. At the end of the day it all comes down to decentralization and Cardano has Bitcoin soundly beat in pretty much everything.
Look into Cardano 😆 there's so many positives if you dive into the technical details and compare BTC, ETH, XRP, and Cardano
I am also becoming a Cardano developer so I am biased though. I've taken a lot of time to learn everything about it and how it's better in many ways. Others can't easily copy it because it's built completely differently from the ground up.
You don't have any logic in what you're saying. What grade are you in?
The whole point is owning a % of the entire blockchain, not the number of coins you have.
I had an idiot roommate who thought like that and he couldn't get a job outside fast food.
You got 45 Billion coins total that can go back 8 decimal places .00000001
If you think thats a bad idea, go make a copy of it with less coins and see if anyone will adopt it. Go make a proposal in Project Catalyst and see if anyone votes on it.
In your view the world must seem a dark, scary, confusing place. You'll have thoughts like "why can everyone count but me?" or "why is the magical internet money worth anything? IT MUST BE A SCAM!"
Its okay, we've all had the intelligence of a 3rd grader at some point in our lives.
The way to get smarter though is not to double down on your ignorance.
Ya I used to believe that lol. But it's an illusion. You are still investing in what you are against.
BTC controls all shit coins and has been taken over by deep state, thus why the updates. When Bitcoin halves it shoots up shitcoins. Doesn't take a rocket scientist to understand this. Only if you are lucky enough to still be able to sell at top and/or still have your coins available before some hacker takes your shit you can make money.
Even silver and gold (gods money) are manipulated and shorted. But I can at least hold in my hand at the end of the day. Same with currencies, real estate, collectibles, food, etc.
Pretty much have a spread over everything. Crypto id never hold a big position unless you can afford to lose it.
Civilization will not rise further unless there is a more efficient means of trading than just gold and silver.
While I invest in gold and silver, I'll also keep investing in crypto.
BTC controls all shit coins and has been taken over by deep state
Cardano is many ways superior to BTC in decentralization, efficiency, and using smart contracts. Its no shit coin and it gets constantly FUDed by crypto publications and prominent figures in the crypto industry but nothing backing up the FUD.
The better tech will win out and since Cardano has better tech and its EUTXO model programmed in Haskell can't be copied by Ethereum or Bitcoin, it holds a clear advantage since it expands beyond both of their capabilities.
You really don't know what you're talking about. You can destroy the Cabal and have an ever expanding future with minimal pain from the collapse. You get more freedom in the end and Crypto is the road there.
If Bitcoin is compromised (its not) then so what, anyone can make a copy of it and fix the problems that brought it down in the first place and compete on the open market. Basically what Cardano is doing, and Cardano being open source means anyone can copy it and fix its problems if needed. So far Cardano has had no hacks or bugs that have lost people money or brought down their blockchain.
In the end with only using gold and silver you don't fix the problem that started fiat in the first place and you give up on exploring any other options of escaping the Civilization Death Cycle before there's been time to fully mesh out new ideas. Idk what other people say but I call that dooming.
My Cryptos never been stolen so I'm perfectly fine Doomer.
Yeah we lived for thousands of years without gold and silver and we can go back to that but we'll have a period of shrinking and then stagnation. Because food and resources that were easily accessible before won't be when you have to tack on all the gold security and transport fees.
I intend to have a lineage that conquers planets and solar systems, not live in mud huts and longhouses!
There are new avenues and roads in life to discover and these just aren't viable on slow and inefficient forms of long distance trade.
The hacked cryptos of course won't win out, they suck! The better, more efficient, more value bringing tech will win out.
Backdoors. I don't need to explain when people losing money daily on crypto via hackers on exchanges and wallets. Especially wallets without open source code (most of them).
Backdoors pre installed in ledger and software wallets. Don't even get me started on cell phone wallets lol.
Hackers love crypto. They wrote the code and wait for suckers to keep loading up their wallet.
The hackers are mostly coming from the Ethereum ecosystem and Dapps using Solidity Programming Language*.
Its not that you don't need to explain, you either don't want to or DONT KNOW HOW TO because you are so ignorant in how crypto works.
Nobody should be using wallets without open source code, that's a common viewpoint in crypto traders.
Ledger doesn't have open source code but Trezor does. This is why I don't recommend people use Ledger. And yeah cell phone wallets are not for storing large amounts of money in, they're for spending relatively small amounts quickly like a regular wallet.
If you don't do your research and get greedy from a link an internet Rando gives you then yeah you'll lose your money easily.
Solidity Programming Language was made for Ethereum Smart Contracts and has been widely adopted in crypto to its detriment.
Here is also a dump of super useful materials on Solidity Exploits and Security:
The fact your still bag holding and pump up ADA is telling. Probably got that shit staking as there plan to create more coins out of thin air underway.
Cardano has a set number of 45 Billion tokens that will ever be made.
There is currently about 34 Billion tokens circulating.
Every time a stake pool validates a transaction (like a bitcoin miner would do but without the energy heavy Random Guessing Game) a bit more Cardano is added to the circulating currency and it gets less over time as the Cardano gets closer to its Total Supply. It can't be created out of thin air, it's hardcoded in the software that all Cardano stake pool operators adopt in order to validate transactions.
If one of those guys tries change the software they won't be on the Cardano blockchain anymore because they won't have the same software.
The fact your still bag holding and pump up ADA is telling.
Yeah man I think it's a very under appreciated and less understood crypto than others. So I'm willing to waste conversations online with soyboys like you telling you I have Cardano and I think everyone should have it too because it has many positives that people want in a crypto and in a currency overall.
You can in several ways, some have more steps than others.
Get a free protonmail email account (don't use anything identifying you)
Sign up for Kucoin Exchange, it doesn't require KYC (Know Your Customer) if daily transactions are less than (5 Bitcoin worth I think). There's others but this one has been running as long as Coinbase, no hacks, and it comes to mind when trying to trade anonymously.
Get a Trezor Hardware wallet, it can be paid for in Bitcoin.
There are peer to peer sites (Bisq comes to mind) where you can pay for crypto by a cash order. Also Bitcoin ATMs (high fee).
But the best is if you have a friend who holds crypto and you can just exchange some money for his crypto. Only the transaction is online, nothing electronic connects back to you.
If you live in an urban area there are usually regular crypto meetups. They usually consist of miners and traders who you could also do business with.
If you have Monero you can move it around online exchanges to get Cardano. All Monero transactions are private and there's websites for getting Monero by p2p cash order as well. But I'd recommend finding a friend.
When many people at once start trading crypto person to person, the government won't be able to track it and they will be easily overwhelmed.
Crypto, this post is a shitshow. God I hate reading you fs. I don't get it.I just don't. I spent 2 hours listening to Bonjino walk his listeners through Crypto. It was infuriating, he kept getting to a point only to stop and say.we will get back to this shortly, hold on. Then he was start talking about another aspect. Listening, taking notes, he did this three times. Suddenly it was the end to the days podcast. And he was like, their you have it??? That's how crypto works. WHAT... ffs, sake. You asshole. That explains nothing.
All crypto has backdoors. CBDC will be no different. I only want cash and metals
Not all crypto. But Ethereum and its ecosystem has some of the worst cases of hacks and scams.
Fiat Cash gives you the problems we see today.
Metals are good for local transactions but not for long distance. Also in case of internet/electronic. The problem is you have to trust 3rd parties to safely secure and transport metals without fudging the numbers. These 3rd parties eventually become banks and as their greed and hold grows over time they eventually advocate for a Central Bank and fiat currency, repeating the same loop.
Crypto and blockchain is the only new tech that could free us from this loop. Crypto doesn't run into the problems of Triffin's Dilemna or the Cantillon Effect because the currency is distributed internationally and not from any one point.
You want a crypto that has:
Nobody wants CBDC in any way unless they profit from the control.
Most of my holdings are ETH, then BTC, but it's XRP that I expect to mun.
JP Morgan was recently revealed to run a huge portion of the ETH infrastructure. ETH definitely has the favouritism of the SEC.
Just remember: XRP IS a CBDC. It doesn't belong in the same category as other crypto coins. XRP is run on a fully permissioned blockchain dictated and controlled by a centralized authority.
XRP was designed for and used by the central bankers. Literally ANYTHING is better than XRP. It is even worse than Proof of Stake coins, where an organization can control both the value AND the allowed transactions of a coin if they own enough of it. Only Proof of Work coins like BTC on a public blockchain are truly decentralized.
Keep in mind the following categories, and a convenient way to think about them:
The beauty of Proof of Work is that a bad actor can own nearly all of a coin, but he still can't control spending of that coin. To do that, he must control a completely orthogonal resource. In this case, energy.
World's bridge currency. Ripple was chosen to build the rails and they are building all the CBDC's for the central banks and countries. Correct there is nothing good about the digital prison that has been built around us while we have been talking and pointing about the elections, wars and vaccines. Those have all been a distraction so they can get this in place and get the gates shut. If you think anything in the last 5 years were bad, wait until they flip the switch on this. "You give me control of the monetary system and I care not what laws you make"
You're wrong about Proof of Stake.
Cardano has 3000 small business stake pool validators to process transactions. They are so cheap and easy to setup you can use a Raspberry Pi as the stake pool.
Cardano (ADA) that is staked to a stake pool increases its chances of validating a block and getting a payout. If a block is processed, stakers get a cut of transaction fees and newly minted crypto based on % they staked compared to the entire stake pool supply.
On Cardano, staked crypto is not held by the stake pools, it is delegated. It's basically voting with your tokens which stake pool processes transactions. This is Non-Custodial which is great because Ethereum doesn't work this way.
If too much Cardano (ADA) is staked in a stake pool, it doesn't become more likely to be picked to process transactions and it flattens out. This encourages more decentralization.
Because the cost of stake pool rig (raspberry pi) is so cheap and the amount you need to start staking (10 ADA) is so low, you see more stake pools instead of decreasing.
The minimum attack vector in Cardano is usually in the high 20s. That means it would take the 20+ biggest stake pool groups to come together to take over the network
Compare this with Mining pools on Bitcoin, if 3 of the biggest mining pools (or the people running the mining pool software) decide to join hands, they can take over the network in a 51% attack. Much worse imo.
I am not wrong. It has zero to do with how many small authenticators you do or do not have. ANY proof of stake coin is insecure, because it uses the SAME resource to decide who can authenticate as well as who can establish the coins value.
If I hold 99% of the tokens (through many shell companies), I can continue forever holding 99% of the tokens and I NEVER have to spend real money to be an authenticator. And I never have to give up my holdings. It is a fundamental flaw in the entire Proof of Stake industry. I can control everything and there is nothing anyone can ever do to wrest control away from me. If I don't want to sell my stake, you can only buy the tiny float I allow you to have. You can never dethrone me.
If I were to hold 99% of Bitcoin though, it gets me nothing. To control who can transact the other 1%, I have to spend actual money OUTSIDE OF THE BITCOIN ECOSYSTEM in order to control the authentication. And if enough people decide I'm an evil dictator, they can always ban together and eventually overwhelm me. This is because they don't need to buy my stake in BTC to authenticate. They only need energy, and I don't control that.
Proof of Stake is an inherently bad idea. It is exactly analogous to a corporate structure, where the people who control the stock control the coins. The fact that a coin may have many stakeholders does nothing to minimize the fact that a determined bad actor could set up many nominee stakeholders.
All Proof of Stake coins are inherently vulnerable to this. Only Proof of Work guarantees that nobody can control both sides.
I agree with this, it's true for now unless Bitcoin becomes the World Reserve Currency. Then the amount of Bitcoin you have also greatly controls how much energy you can acquire to mine Bitcoin and your % of ownership stays stagnant if you mine as well.
Not only that but in Bitcoin as the difficulty increases, the hardware must get more specialized, more expensive, and price out more people. Eventually you do get to a point where 1-2 mining pools control over 50% of transactions which is what we're seeing in Bitcoin. Regular people don't even have the option to mine for bitcoin because the costs (and electricty) are so high and take so long that it's not worth it unless your in a bunghole shithole 3rd world nation. Corporations will vastly control the bitcoin mining operation, eventually acquiring the wealth to buy out/create the best mining rigs to maintain control forever. And even if they initially had a lower % supply, they will increase that supply if they have a market control on the computing power and the hardware.
This is what we have been seeing in Bitcoin since it started.
So eventually with a rising ledger and an exponentially rising mining difficulty, regular users of Bitcoin and even miners get priced out by those same corporations who already own millions of Bitcoin and already own a vast % of the computation to bitcoin mining. Then you're fucked.
So then the major question proof of stake is how decentralized is the crypto?
Here is data on Cardano wallet distribution
https://lookerstudio.google.com/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/r2LQC
https://lookerstudio.google.com/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/p_ogr3ndx6qc
Now sure they can hide their crypto in wallets and that can be tracked. There is a way to find this out considering we know some of the big addresses like Coinbase or Binance or the Dapps for example. If someone owns the majority then you will see a predictability in the Project Catalyst voting, in the staking, in how the system is running and you do not see that. If the majority ownership is not there initially, it becomes harder over time as more and more people acquire ADA and hodl it themselves.
Stake pool operators will remain low cost for small businesses to create so this isn't a problem. It won't be priced out with better hardware and higher energy output. At the end of the day it all comes down to decentralization and Cardano has Bitcoin soundly beat in pretty much everything.
You are 100 percent right on proof of work.
Look into Cardano 😆 there's so many positives if you dive into the technical details and compare BTC, ETH, XRP, and Cardano
I am also becoming a Cardano developer so I am biased though. I've taken a lot of time to learn everything about it and how it's better in many ways. Others can't easily copy it because it's built completely differently from the ground up.
Agree. I own about 400+ projects... I buy the teams, not the tech, and it's worked for me
That's a pretty good plan and much harder to evaluate. Of course ideally being good in both is
How do you go about grading the different projects?
Cardano has too many coins.
False
As of early 2022, there are a total of 33.55 billion ADA in circulation, out of a complete and total supply of 45 billion.
Lucky that got to over a buck for a few minutes lol.
You said it has too many. That is false. You dont understand tokenomics
How's that a negative?
Just like a penny stock with too many shares.
You don't have any logic in what you're saying. What grade are you in?
The whole point is owning a % of the entire blockchain, not the number of coins you have.
I had an idiot roommate who thought like that and he couldn't get a job outside fast food.
You got 45 Billion coins total that can go back 8 decimal places .00000001
If you think thats a bad idea, go make a copy of it with less coins and see if anyone will adopt it. Go make a proposal in Project Catalyst and see if anyone votes on it.
They are all controlled once they are worth something.
Also false
ETH and BTC only ones worth a shit cause controlled. All your shit coins they dgaf.
😆 it must be miserable waking up as you.
In your view the world must seem a dark, scary, confusing place. You'll have thoughts like "why can everyone count but me?" or "why is the magical internet money worth anything? IT MUST BE A SCAM!"
Its okay, we've all had the intelligence of a 3rd grader at some point in our lives.
The way to get smarter though is not to double down on your ignorance.
How do you see btc being controlled in the future? Just wondering.
Its already controlled. Thus BTC fork. Thus high transaction fees. Eth has same problem with fees.
When eth hit highs those fees to move it went up big time.
What about Monero Xrm?
Monero is great! Privacy coins are awesome and Monero is the King of Privacy Coins!
I heard pirate key is better but I've never used it
I've heard Zcash and PirateCoin were good contenders for the King of Privacy Coins but yeah I haven't used those either.
Ya I used to believe that lol. But it's an illusion. You are still investing in what you are against.
BTC controls all shit coins and has been taken over by deep state, thus why the updates. When Bitcoin halves it shoots up shitcoins. Doesn't take a rocket scientist to understand this. Only if you are lucky enough to still be able to sell at top and/or still have your coins available before some hacker takes your shit you can make money.
Even silver and gold (gods money) are manipulated and shorted. But I can at least hold in my hand at the end of the day. Same with currencies, real estate, collectibles, food, etc.
Pretty much have a spread over everything. Crypto id never hold a big position unless you can afford to lose it.
You have demonstrated how little you actually know about crypto. But, conveniently for you, thats a good reason not to be in it.
Btc is based on sha256 which is nsa invention they likely have backdoor to.
NSA would not release an encryption into the wild that they could not break
No
Civilization will not rise further unless there is a more efficient means of trading than just gold and silver.
While I invest in gold and silver, I'll also keep investing in crypto.
Cardano is many ways superior to BTC in decentralization, efficiency, and using smart contracts. Its no shit coin and it gets constantly FUDed by crypto publications and prominent figures in the crypto industry but nothing backing up the FUD.
The better tech will win out and since Cardano has better tech and its EUTXO model programmed in Haskell can't be copied by Ethereum or Bitcoin, it holds a clear advantage since it expands beyond both of their capabilities.
You really don't know what you're talking about. You can destroy the Cabal and have an ever expanding future with minimal pain from the collapse. You get more freedom in the end and Crypto is the road there.
If Bitcoin is compromised (its not) then so what, anyone can make a copy of it and fix the problems that brought it down in the first place and compete on the open market. Basically what Cardano is doing, and Cardano being open source means anyone can copy it and fix its problems if needed. So far Cardano has had no hacks or bugs that have lost people money or brought down their blockchain.
In the end with only using gold and silver you don't fix the problem that started fiat in the first place and you give up on exploring any other options of escaping the Civilization Death Cycle before there's been time to fully mesh out new ideas. Idk what other people say but I call that dooming.
Ya. Well we lived without crypto for thousands of years. Lol.
What's that freedom like when a hacker steals your digital gold.
My Cryptos never been stolen so I'm perfectly fine Doomer.
Yeah we lived for thousands of years without gold and silver and we can go back to that but we'll have a period of shrinking and then stagnation. Because food and resources that were easily accessible before won't be when you have to tack on all the gold security and transport fees.
I intend to have a lineage that conquers planets and solar systems, not live in mud huts and longhouses!
There are new avenues and roads in life to discover and these just aren't viable on slow and inefficient forms of long distance trade.
The hacked cryptos of course won't win out, they suck! The better, more efficient, more value bringing tech will win out.
You probably don't have enough for them to give a shit.
Well you wouldn't know would you soyboy 😆
Point out the backdoor or gtfo
Backdoors. I don't need to explain when people losing money daily on crypto via hackers on exchanges and wallets. Especially wallets without open source code (most of them).
Backdoors pre installed in ledger and software wallets. Don't even get me started on cell phone wallets lol.
Hackers love crypto. They wrote the code and wait for suckers to keep loading up their wallet.
The hackers are mostly coming from the Ethereum ecosystem and Dapps using Solidity Programming Language*.
Its not that you don't need to explain, you either don't want to or DONT KNOW HOW TO because you are so ignorant in how crypto works.
Nobody should be using wallets without open source code, that's a common viewpoint in crypto traders.
Ledger doesn't have open source code but Trezor does. This is why I don't recommend people use Ledger. And yeah cell phone wallets are not for storing large amounts of money in, they're for spending relatively small amounts quickly like a regular wallet.
If you don't do your research and get greedy from a link an internet Rando gives you then yeah you'll lose your money easily.
Here is also a dump of super useful materials on Solidity Exploits and Security:
https://twitter.com/asen_sec/status/1652211063612485633
Attack vectors -
https://github.com/sigp/solidity-security-blog
Database of attacks by
@1nf0s3cpt - https://github.com/SunWeb3Sec/DeFiHackLabs
More attacks by @QuillHash -
https://github.com/Quillhash/Solidity-Attack-Vectors
More exploits -
https://github.com/ZhangZhuoSJTU/Web3Bugs/tree/main
Bottom line, Solidity is full of vulnerabilities and is not a superior language for keeping smart contracts secure.
I don't remember hackers stealing silver and gold lol.
Hackers legally just print more paper gold and paper silver to devalue the prices so they can buy up more for cheap.
Then a MEGAsoyboySucker like you shows up.
Can't get my crypto though.
The fact your still bag holding and pump up ADA is telling. Probably got that shit staking as there plan to create more coins out of thin air underway.
Again 😆 you're completely ignorant of crypto.
Cardano has a set number of 45 Billion tokens that will ever be made.
There is currently about 34 Billion tokens circulating.
Every time a stake pool validates a transaction (like a bitcoin miner would do but without the energy heavy Random Guessing Game) a bit more Cardano is added to the circulating currency and it gets less over time as the Cardano gets closer to its Total Supply. It can't be created out of thin air, it's hardcoded in the software that all Cardano stake pool operators adopt in order to validate transactions.
If one of those guys tries change the software they won't be on the Cardano blockchain anymore because they won't have the same software.
Yeah man I think it's a very under appreciated and less understood crypto than others. So I'm willing to waste conversations online with soyboys like you telling you I have Cardano and I think everyone should have it too because it has many positives that people want in a crypto and in a currency overall.
Ya I would not trust a bank with anything.
Yeah we know the Feds want us to be scared of crypto. Thanks for sharing.
Yep feds own Bitcoin. They confiscate it regularly.
When's the last time they confiscated bitcoin Doomer? You got a date?
The govt owns less than 1% of Bitcoin which is pretty insignificant.
https://fortune.com/2017/10/02/bitcoin-sale-silk-road/
Also Doomer, there's much more than Bitcoin out there.
19 million but I'd say a lot less then that. Better the 52 million cardanblow
Man are you from Reddit or something 😆 you're an idiot
False.
https://www.breitbart.com/tech/2017/11/14/ethereum-cryptocurrency-creator-defends-possession-of-child-porn-claims-it-can-have-social-benefits/
These people are sick. No Coincidence.
I'm not surprised at this point.
I remember Vitalik Buterin liked to hang out in Singapore and other Asian countries and I wouldn't be surprised if that's why.
Is Cardano controlled by a central authority like XRP? Can I buy it with physical money anonymously? Thank you! 👍 🥰🐇❤️🙏
You can in several ways, some have more steps than others.
Get a free protonmail email account (don't use anything identifying you)
Sign up for Kucoin Exchange, it doesn't require KYC (Know Your Customer) if daily transactions are less than (5 Bitcoin worth I think). There's others but this one has been running as long as Coinbase, no hacks, and it comes to mind when trying to trade anonymously.
Get a Trezor Hardware wallet, it can be paid for in Bitcoin.
There are peer to peer sites (Bisq comes to mind) where you can pay for crypto by a cash order. Also Bitcoin ATMs (high fee).
But the best is if you have a friend who holds crypto and you can just exchange some money for his crypto. Only the transaction is online, nothing electronic connects back to you.
If you live in an urban area there are usually regular crypto meetups. They usually consist of miners and traders who you could also do business with.
If you have Monero you can move it around online exchanges to get Cardano. All Monero transactions are private and there's websites for getting Monero by p2p cash order as well. But I'd recommend finding a friend.
When many people at once start trading crypto person to person, the government won't be able to track it and they will be easily overwhelmed.
Crypto, this post is a shitshow. God I hate reading you fs. I don't get it.I just don't. I spent 2 hours listening to Bonjino walk his listeners through Crypto. It was infuriating, he kept getting to a point only to stop and say.we will get back to this shortly, hold on. Then he was start talking about another aspect. Listening, taking notes, he did this three times. Suddenly it was the end to the days podcast. And he was like, their you have it??? That's how crypto works. WHAT... ffs, sake. You asshole. That explains nothing.
Who tf is Bonjino and why would I care about your drunk rambling?
Blockchain takes out a central authority and allows many entities to be the authority all at the same time.
I could explain that and more about crypto without taking a break, even better if I knew you personally and I can explain it visually.
But it would probably piss you off. Go watch sports or something. The adults are talking right now.
For basics listen to Crypto Casey on youtube. For bigger picture listen to Michael Saylor. For incredible view listen to Jason Lowery. All on youtube.
The Little Bitcoin Book and Bitcoin Standard are two great reads for a deeper dive.
It's like learning a new language. You have to be patient and invest some time into understanding a new technology.