CAG is the pool from the CF itself.
Indeed it is, thank you for correcting that - so I was wrong on CAG for sure, but the point remains - there is a much better way to do this - you guys really need to step back a little, get out of your echo chamber and think about this from a ânew venture/new businessâ perspective. Iâm sure you mean well, I really am sure of that, but you are literally just perpetuating the same narratives of the same big names survive and others with single pool dedication and perhaps less public face, just die - iâm not saying there is not a place for recognizing OGâs and success, but I am saying that the same 20 or 30 people do not need your investment at this point - letâs go find the NEXT 30 people, the NEXT 30 things that Cardano needs and fund those a bit, if you can even call this funding. Itâs not, itâs actually easier than that, itâs not Catalyst, itâs not a business loan even, itâs just âwho do i make money off of for the next few monthsâ - make money off of reliable âsmallâ operators that have proven ability but just havenât hit the big thing yet - and yes, look at their Lifetime Luck and number of blocks produced as well, because both of those are important metrics also that show consistent performance at producing blocks - which is what an SPO has to do. I mean, come on, itâs right in front of you, and you guys ignore the Occamâs razor solution - the job of an SPO is to MAKE BLOCKS when called upon - if your lifetime luck is not 100% or higher, you have FAILED at the 1 job an SPO must do. Start with that, and work backwards into all your other criteria.
The metric is called âluckâ because it is â to an extent â random. An SPO can have a value of less than 100% because of bad luck. And they will only have a value above 100% because of good luck.
Yes, the chain canât know which blocks were truly assigned and a value of less than 100% could also be bad operation. But you just canât tell.
Obviously not a math major - over any significant sample size, anomalous results get normalized - it is NOT true to say that after say 500 or more blocks, that oneâs âluckâ has just been bad for a while - most of your awarded pools have 2500 or more blocks produced, so any talk of âluck anomaliesâ goes right out the window - you win some, you lose some of course, but over time, random anomalies are normalized and one gets a very revealing âaverageâ. Again, if you canât hit 98% or 99% or more, then you are doing something wrong. The slot lottery ALWAYS reverts to the mean , ie 100%
Yes, somehow, but we have also seen pools that had bad luck for almost a year. And you were saying â100% or higherâ and earlier implying that your pool having 105% is an indication of exceptionally good operation. Thatâs not the case. Itâs just ⌠luck.
Excluding pools with less than, say, 95% might be okayish, might hit some poor SPOs who did nothing wrong, but will find a lot of badly operated.
Edit:
Just to be clear. Those are not âmyâ awarded pools. I am not CF. And not more affiliated with them than any other ambassador.
Thanks for the response @adatainment , much appreciated
(1) and (2) Iâd say that this just falls under poor / unclear communication instead of unprofessionalism then. It wasnât made clear from the initial posting on either of these points, so hopefully things can be improved in the future.
The way the application post is worded, it doesnât clearly indicate that applying with the current form would have no impact on this round of delegations, and so people are likely to assume that the application form worked the same as it has in the past and they had a chance.
Unfortunately, if this decision was clear in the post, it would have likely gotten even more people upset with the decisions of this delegation round, especially considering how long they will not have an opportunity to be considered for
(3) Thank you for apologizing regarding that comment, I suppose it is a learning experience when dealing with comments from the public - there may be some that could trigger you for whatever reason but keeping a level head and assuming the best of someone can make the difference between a bad or a good interaction.
Again, I appreciate the time you and the Cardano Foundation have taken to respond to questions, feedback, and for the efforts of the Cardano Foundation in general.
Congratulations to all the selected pools - the roster looks great, and are well deserved delegations!
You are (mostly) correct. I would correct you when you say âitâs justâŚluckâ, referring to my 105% performance over 3 year history of KARMA - the truth is regression to the mean says that we all regress, or revert, to 100% over time. So my âextraâ 5% is yes, as you say, âluckâ - but the 100 is not âluckâ - it is the result of running a stable, highly available pool - ie, even if the âluck godsâ were with you and granted you all kinds of âextraâ slots, if your pool isnât available and performing highly then you will lose lose lose all day long, and your Lifetime Luck percentage will show it.
I do agree with you 100% (see what I did there) that part of CFâs filtering out of pools should be to filter out anyone with less than say 95% performance. You will rid yourselves of as you say âbadly operatedâ pools. In this case, 4 of the chosen 30 pools would NOT have received delegation. I call that âjusticeâ. Sorry people, but results matter, and numbers donât lie, people do.
I have made my views clear on Twitter but just want to re iterate here. As a professional organisation I expect more from you. The mistakes that you did today were not only careless but reflect a lack of attention to detail, a lack of oversight and a lack of any formal policies and procedures on anything you do. Please take today as a learning experience and try to improve how your organisation conducts its business. Like so many have elluded to before the CF appears to be totally out of touch with the views of many Stakepool owners that are perplexed by much of the logic that you come up with to justify your actions. At least can you clarify if you have any formal policies in place for this delegation process. Also I trust that I have left enough spelling mistakes and grammatical errors in this reponse so you donât accuse me of getting chatGPT to write this again.
Cardano Foundation (CF) is a not for profit organisation tasked with advancing Cardano. CF works for Cardano. CF works for us.
Frederik Gregaard doesnât own CFâs Ada. The CF representatives on this site donât own CFâs Ada either. This is in effect, community Ada. CFâs Ada should be staked, and used, in ways that align with the communityâs interests.
Letâs not forget that.
Given that the lifetime luck of BALNC â one of the pools called out as exceptionally bad by you on X â just jumped from 92.3% to 93.1% with minting a single block: Have you observed how volatile that metric is over time?
Unfortunately, I havenât found an explorer that shows lifetime luck over time. CExplorer just shows epoch luck over time which is very volatile especially for smaller pools like yours and doesnât give us much insight at all.
Umm, he actually has minted 2 blocks since i reported it at 726 blocks, now 728. Thatâs 2. Also, no his Lifetime Luck has not changed, still at 92.3% - here
And no, itâs not very volatile at all, hence the name âLifetime Luckâ - it takes a lot to move it, assuming you have a significant number of blocks, like BALNC does at 728 blocks. As for my pool, Iâve minted slightly more blocks than BALNC, so not sure where your âsmall poolâ comment comes from - if small means I can outperform every single one of the pools your employer just gave 30M ADA to, then you can call me âsmallâ all day long. 105% Lifetime Luck doesnât lie. Keep trying to cope though with your employerâs bad decisions.
Hmm, itâs now 729 blocks and still 93.1% here:
https://adastat.net/pools/a43ceac028a673e9f8611de0f683c70fdcadde560f28c2fb8cfabc81
Itâs not my employer. Iâve told you before. Itâs rude that you ignore that.
As odd as this may sound, luck is just luck
Eden pool (which you mention earlier) has 11 709 blocks and 98,7 % lifetime luck Pool Garden Pool [EDEN] | Cardano Explorer
Your âabove-averageâ luck may be due to the fact that before the Vasil HF small pools had advantages over large ones, and won battles more often than they lost them. Now all pools are in equal conditions, so your luck probably go down. We can see this behavior if we change âlifetimeâ to âlast yearâ https://adastat.net/pools/d68eed68381b65beb04fc7984dfa156c4dbf53c7911e900af6a535ef
Itâs because both Luck and ROS are only updated on epoch boundaries
The Cardano community is vast. The SPO community can be metaphorically represented by a single dot on the Cardano logo.
Letâs not forget that
I wasnât talking about the SPO community. I was talking about the entire Cardano community.
CF needs to act in the interests of the entire Cardano community. CF represents the voice and wishes of the entire Cardano community.
If the entire Cardano community expects a certain level of decentralisation then CF will need to act in accordance with that community expectation. Soon the community will be voting about such things, so then it will become more clear what the community expects.
I donât think the community likes multi-pool operators to keep running multiple unsaturated pools when these pools could be amalgamated into one and still remain under the cap caused by the K parameter. Such a practice harms delegators by causing them to lose rewards from more minPoolCost fees. And, by delegators, I mean the rest of the Cardano community other than the stake pool operator (SPO) who is profiting from this practice.
With all due respect, you cannot and, do not speak for the entire community.
Regarding delegates and rewards - if anything please speak for your 18 customers, but certainly not for any of my >5k customers.
The MPO narrative (RE decentralization) is beyond flawed and has become harmful to both adoption and the ecosystem.
I am very glad to see the pools the CF has selected.
Yes it does, but in same rate cases it can take years to revert to that mean, longer than Shelley is around yet. Thatâs just how randomness and chances workâŚ
@adatainment Why is it taking so long to fix the over saturation? isnât this handled with the highest priority?
@ADAfrog You appear to be making a disparaging comment about my poolâs number of delegators.
For your information I used to have the following disclaimer on my website until only 3 days ago:
I do not recommend you stake with Terminada pool yet because the protocol does not allow setting the fixed fee any lower than 340 Ada.
With a fixed fee of 340 Ada you will lose too much of your rewards to fees until the pool size is over 10 million Ada.
I only removed this disclaimer since the minPoolCost parameter has been reduced to 170, and I reduced my poolâs fixed fee to this minimum at the earliest possibility. Now that my pool has close to 5Million in delegation and my fixed fee is 170, it is not at such a competitive disadvantage with larger pools anymore. I used the disclaimer to actively discourage delegation because I didnât want Cardano users to earn less than optimal rewards by delegating to my pool while minPoolCost parameter was 340.