/biz/ - Business & Finance

It's not, it's down way from ATH when it was worth 1 bitcoin. It's one long scam by a fat faggot

>>28492193
>it was worth 1 bitcoin
kek what the fuck

>>28492193
kek what a seethe post I'm literally trying to make you money anon. Down from ATH in the most ridiculous bull market ever, when everything was mooning despite not being ready? Blockchain has reached maturity, and Cardano will dominate. I'm accumulating all the way up so I can live like a NEET for the next decade off my staking rewards.

I hold it but its fucking slow, 30 days minimum to stake a low APY.

Dunno what use it has but at least I have some diversity.

>>28492359
I accumulated a decent stack so I wanted to switch to a more secure, hardware wallet and now I have to go through those fucking 5 epochs again

>>28492152
Ok I'm all in ADA now OP. But if I'm not a millionaire this time next year I'm gonna hold you responsible and rape your nan,

>>28492315
>cardano will dominate brooooooooooooooo
vaporware reddit coin

>>28492659

I would say ETH is the Reddit coin.

>>28492659
Isn't all crypto essentially vaporware atm?

>>28492868
No product built on cardano. Retarded language to make smart contracts that is all boilerplate

>>28492948
No bro, you can buy literal scam no use shitcoins for the small transaction fee of 200$ on ethereum.

WORLDCHANGING

>>28492193
Your are fucking retarded lmao

>>28492948
Not in general, but compared to real securities, yes

>>28492359
>>28492453
It feels slow, but your staking preferences take effect from when you delegated. So even though it takes 5 epochs to show, it's still accumulating. It's a low APY compared to DeFi protocols but its more stable, safer, less liable to rugpulls and liquidity issues, and its still 6% - way more than a bank. Plus, it's compounding automatically, so you literally just watch money roll in on top of money on top of more money...

>>28492659
ETH 2.0 is the true vaporware coin. ETH 1.0 is now useless with $100 gas fees.

Cardano is already the most decentralized crypto. Already has staking. Native assets EOM. Ethereum is fucked longer term. Short term it's good for buying pajeets.

>>28493048
>useless with $100 gas fees.
Be poor

IVE BEEN ALL IN CARDANO FOR 3 YEARS

>>28493087
Imagine being such a brainlet you can't see how $100 in gas will limit adoption. Compare that to ADA fees which are around 0.17ADA per transaction, with NO gas fees. Check out Plutus and Marlowe Playgrounds, you can build smart contracts right now. It's already over.

>>28493027
if the apy is low that means the sell pressure of big staking entities is also low. there are entities that bought cardanos at sub cent prices. imagine if you got yourself 100 million at $0.005. you can stake and dump forever basically. thats why I like coins with low(er) staking rewards over high(er) staking rewards.

>>28492193
>BTC maxi has never read about sunk cost fallacy.

LMFAO. Literally the same people who constantly say "b-b-but link is down in sats" I bought link, the link I have was at one point worth 1.8BTC. Maxis told me to sell because I have to think of the sats! Now my link is worth 126k. Eat shit maxis.

>>28492973

>>28493184
its already showing its effects. most alts are mooning but ETH does nothing. cuz the fees are crippling it. BNB took a huge marketshare of ETH too. people moving to binance smart chain and pancakeswap. the more weeks go by with big ETH transaction costs the more market share they lose. A lot of projects on ETh cant even move forward cause the fees are too high.

>>28492973
>>28493198
Kleros is moving to Cardano

>>28493027
yeah the big benefit is your coins aren't locked up anywhere, you can still spend them and they are safe in your wallet. So it's 0 risk and 0 inconvenience to delegate your ADA, it's not a whole lot but it's free money

>>28492359
It's 4 epochs so 20 days at most. Also if you didn't de register your staking key you will still get 2 epochs worth of rewards into your old wallet even if it's got no coins now.

>>28493193
from 1.8btc to 126k sats is quite the loss desu

>>28493323
This anon gets it. And actually, once you calculate your compounded returns over 5 or 10 years it is a whole lot of money really.

>>28493087
Unironically thinks a transaction based system that involves paying $100 per transactions is gonna work out long term. Ethereum 2.0 is vaporware.

If this shit could 10x in one year I'd put all my bags, but that market cap tells me it can't.

>>28493444
Nice graphic anon. IOHK's pool is dwindling as they let community stake pools take the lead. They are now delegating to stake pools that support charities, which proves it's not all about the money for Charles Hoskinson. He could make an insane amount running his own stake pools. Same with the Cardano Foundation, they delegate to community-led stake pools and don't run their own pools. There isn't a more decentralized protocol in crypto, over 1,600 independent pools. How can ETH cucks ever compete?

>>28493255
Yeah, but remember, it's autobalancing
once enough people switch to BSC, the fees will get lower and Eth will be usable again
also, BNB is a fucking centralized scam, but we all know it

>>28493184
I checked them. Still not comparable to Ethereum. If I had to make the list of what is wrong it wouldn’t fit here. Ethereum is a truly on-chain computation platform

>>28493567
>it's not all about the money for Charles Hoskinson
Huge sell signal

>>28493445
Bitcoin isn't even worth a trillion, I think it should be worth 10T at least which is on par with gold, so I think ADA has also has some more room to grow than we might think. $10 only puts it at 400 billion, probably not this year though, but who knows. I know it feels like this is the peak but crypto is still ludicrously undervalued in the grand scheme of the world's economy

>>28493027
can't I do that with algo but freely move it while always staking in a wallet at a higher 7.3%?

>>28493444
>paying $100 per transactions
I can afford it

>>28493269
Kleros will be on Algorand, mark my words.

>>28493839
I'm betting there's a 50% correction coming. Hell, maybe it's occurring was we speak.

>>28493680
Just tell me in two words how to deploy a simple contract, like a token you can buy and exchange, and how to interact with it by calling interfaces and responding to events. Found so much about this for ethereum but zero info on Ada.

>>28493680
Ethereum trying to be Cardano by switching to POS. Too late Vitalik, kek.

>>28493919
The % doesn't matter, actually the higher it is the worse it gets.
Stacking on a PoS chain allows you to keep up with the inflation if the coin, it's actually not making you money but is mandatory to avoid losing some. If you're not stacking, you will eat the inflation, for example your DOT with depreciate at 12% per year

The only thing I know is that ADA is written in Haskell, therefore it's the best. Haskell is like Lisp, only not from 50s and not parentheses-littered, untyped shit,.

I yeeted a moderate amount into it and I'll take it to 0 if it comes to it, but I'm hoping for $10 in 1-3 years.

>>28493957
If you are worth 1 million USD and you buy a 100 things for a $100 you have spent 1% of your networth. This isn't sustainable.

Let's say you are worth $10 million and spend $10 000 a year on random shit like shoes, eating out etc in $100 chunks. You doubled the amount you spent by using ETH. $10 000 worth of goods for $20 000.

You are gonna be poor if you are not worth $10 million plus real fast.