[ 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: 84 KB, 1200x630, 1600757767321.jpg [View same] [iqdb] [saucenao] [google]
29964071 No.29964071 [Reply] [Original]

Cardano has a developer tax

>> No.29964132

https://www.youtube.com/watch?v=w2bhIQdzeI4

>> No.29964187

>>29964132
Money is taken from the block rewards and redistributed to and entity selected by the majority. Sound familiar? Currently that entity is Charles Hoskinson's company.

>> No.29964195

Ethereum has one too.

>> No.29964234

>>29964195
Let's see some proof because that's not true.

>> No.29965397

>>29964071
you got a source/timestamp for this?

>> No.29965566

>>29965397
>The difference between these two figures is called the reserve. During each epoch, a fixed, (but parameterizable) percentage of the remaining reserve is taken from the reserve and used for epoch rewards and treasury, where the amount being sent to the treasury is a fixed percentage of the amount taken from the reserve.
https://docs.cardano.org/en/latest/explore-cardano/understanding-pledging-and-rewards.html

>> No.29965704
File: 396 KB, 1200x1200, 1613737060887.png [View same] [iqdb] [saucenao] [google]
29965704

>> No.29965744

>>29964071
if below 40$ it's alright

>> No.29965918

>>29965704
Hey, I actually made that pepe, no joke. Nice to see someone saved it.

>> No.29966259
File: 59 KB, 556x611, 1614338060952.jpg [View same] [iqdb] [saucenao] [google]
29966259

>>29965566
sorry anon, poor attempt at fud. do you even know what youre talking about? after each epoch ada is taken from the reserve and used as epoch rewards AND given to the treasury. The "reserve" is all ada that is not in circulation/in the treasury.

>> No.29966347

>>29966259
Yes, that's a dev tax. Bitcoin works the same way. If some of the BTC from block rewards were to be redistributed to a third party, this would be a dev tax too. Luckily Bitcoin is neutral and doesn't do such things.

>> No.29966393

Ah, so now you are fudding ADA?
Ok.

>> No.29966394
File: 13 KB, 244x207, 1614264620752.jpg [View same] [iqdb] [saucenao] [google]
29966394

WHY IS THIS SHIT CRABBING AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>> No.29966440

>>29966393
Can a simple fact really be considered FUD? Many people don't know this little detail and are put off by it, which is why it's not advertised.

>> No.29966510
File: 57 KB, 645x729, 1610141645899.jpg [View same] [iqdb] [saucenao] [google]
29966510

>>29966347
there is no 3rd party you fucking idiot. the reserve and treasury are held by the protocol not a specific entity. last response because you are obviously conflating shit you don't understand as fud (dex tax) and/or you're retarded.

>> No.29966587

>>29966510
It's paid out by majority vote (to charles hoskinson), just like a tax. You're moving the goal posts btw. First it wasn't a tax, now it's about who it's paid to.

>> No.29966806

>>29966510
Reminder that you said "last response" because you felt that you couldn't win this debate. Sad!