This is not how the system was setup IMHO, the system or protocol is setup to reward stake holders through their efforts to secure a decentralized platform, nothing has been setup to ensure Ada moons, this experiment is not for investing speculators and will be one of the first to breach a new subject -liquid democracy- and setup by utilizing respected approaches to develop and further real world change that old establishments can trust is the best known modern approach they can build on top of to run their own experiments on, the science involved in this protocol reaches further than cryptography blockchain solutions know to the world, delegated voting through liquid democracy would fail in Cardano imo if all Ada was held by institutions controlling the voting power, and if Ada is expected to be setup as a speculators instrument for investment than you could be sure that with all the hard work to bring the research to a protocol it will be wasted in the hands of the Billionaire investment firms that care not for the tree’s planted lately and care not that we have a great community and only care about their bottom line and the return they award those who are invested in them.
With all these people hodling and hoping to make a return on what they call an investment I want to wish them good luck, cause until they understand how to value the future of their holdings that is essentially a vote per Ada within a very serious ecosystem they will be better to take a traditional route to get a roi.
Is everyone trying to be Cardano fanboy of the year here or what? Yes it’s a seriously good ecosystem, one that I hope my kids will be part of, but come on man. If/when ADA goes up significantly in the coming years you won’t sell any of your ADA holdings to support your life outside of CARDANO?? I’m sure MOST of us early investors are hoping our investments, yes investments bring us a decent ROI be it 12345 years down the track. And If I can stake my investment in the meantime and turn that into extra cash I’m doing it. I will however forever hold some ADA for my kids as I do believe in the vision of Charles and Cardano.
altcoins are at the mercy of bitcoin until they are not, it benefits cardano for people to sell their coins during market peaks as it further decentralises voting power by spreading ADA to new users which increases security to the ecosystem
the point that is being made isn’t about hodling 100% of your ADA for eternity, it is more about understanding that you are buying into a long term project that is only really going to bring real world value to users in the coming years
people who are complaining about wen mewn don’t seem to have any idea about what is trying to be done here… if you bought cardano for a pump and dump then you should of gone with a crypto that spends more energy on hype than actually building something worthwhile
the problem with your post is that you are claiming about being left in the dark about staking rewards when that is demonstrably false, you are also asking others to convince you that you should be investing more money in cardano, this is backwards, understand what you are buying and why and you and you wouldn’t have to worry about these things
Ya that is the award I am looking to achieve, fanboy of the year, I have been in this space for a bit of time and I would be honored to be recognized as such , but no-- I will not sell my Ada, fortunately I am in good health and am able to provide for my kitlins, besides that I believe hodling is a bad practice and also have very little Ada to speak of, I approach this space with the intent to disrupt the nature of finance and banking that costs the world population too much using the current system in place, if my voice contributed to the change in global banking then that will be good enough for me.
So you are saying people would be willing to accept 3% returns in USD or less, if the price goes down and still be incentivized to participate?
To clarify my point: if supply is limited and non-speculative (i.e. real and sustainable) demand increases, the price will see a significant upward pressure. I don’t think anyone minds that turn of events given how low $ADA has been trading lately. It’s significantly undervalued compared to its real economic potential. Markets will price it at its fair value once they realize its true potential.
Unfortunately, with ADA being traded openly, no one can tell people to buy or not to buy this asset. People are free to buy, sell and hold for whatever reason they see fit, and that’s ok. Remember incentives are important no matter what drives them. Eventually, speculation will give way to more long-term investing themes.
Yes, corporations, people, banks, hedge funds could be buying ADA, but I see this as a sign of maturity and the validation of your beliefs (that Cardano offers something of value). The more diverse your holders are the more robust your market will be. I would wholeheartedly welcome this turn of events.
As for governance, I wouldn’t worry about it much. First, any attempt to accumulate outsized stakes would drive the price up significantly. Second, voting hasn’t even hit the design stage. I don’t think we will have 1ADA=1vote. There may be other ways to affect change, through community involvement, or perhaps earning a separate, governance coin.
Welcome to the community although I understand your frustration, I can only hope the project survives without your threatened lack of future participation. I am however grateful that you did not have to deal with the syncing of Daedalus, you would never have survived that one.
#hegetsit
Rob use killin me over hear
Time to get in whales… november snapshoot. Q1 2020 shelley. ADA be top 5 in marketplace.
Donnybaseball, I asked David Esser about this today on his AMA. My question was for clarity on % rewards for staking as I’ve heard between 3-12%. His answer was Cardano want to be very competitive when it comes to incentives and it will be at the higher end of that range (closer to 12%) Also the amount of ADA you hold wont determine your % returns. Sounds great to me.
Great! I didn’t know he had an AMA today. I will look for it. Thanks!
BTW where was the AMA? I haven’t seen it on YouTube yet…
Thanks!
It was an IOHK AMA. You can find it on Twitter but I’m sure YT will have it soon if not already.
So… maybe 10 % ? Oh yeah baby! They also said they would release a staking calculator soon
Honestly I was thinking 5% Max! Sooooo happy with around 10%
You should be able to watch the replay here, but I am not sure how long it holds the video:
Still waiting………??? What’s the hold up???