Not 24h have passed and I already came across a good counterpoint and non-biased article to that crap over there (only pointing finger I could find as emo, no pun intented).
I’ll leave the facts that matter, along with the link to the article:
Pure proof-of-stake : Ouroboros is Cardano’s consensus mechanism. The website for Cardano states that “Ouroboros is the first provably secure proof-of-stake protocol, and the first blockchain protocol to be based on peer-reviewed research. Ouroboros combines unique technology and mathematically-verified mechanisms – which, in turn, combine behavioral psychology and economic philosophy – to ensure the security and sustainability of the blockchains that depend upon it. The result is a protocol with proven security guarantees able to facilitate the propagation of global, permissionless networks with minimal energy requirements – of which Cardano is the first.”
Uncirculated coins are distributed over time at a specific percentage rate. As the reserve decreases in size, the amount distributed each epoch (5 days) will decrease. At the current percentage rate the reserve will halve approximately every 4-5 years. ADA fixes its supply at 45 billion coins. 30 billion coins were issues during the ICO rounds. The remaining 15 billion coins are in a operating network reserve. Every 5 days the transaction fees and a percentage of the reserve is added to a ‘pot.’ We can break Cardano’s monetary policy into two key areas, transaction fees and monetary expansion.
Transaction Fees – fees from every transaction from all blocks produced during every epoch go into a virtual ‘pot’. A fixed percentage (ρ) of the remaining ada reserves is added to that pot.
Monetary Expansion – Monetary expansion – a certain percentage (τ) of the pot is sent to the treasury, and the rest is used as epoch rewards.
Don’t let this MF’s fool you! Bornt scum will die scum (in almost cases anyway).