Hey,
You make a good point, maybe that’s what separates good stake from bad stake. Do you have that link to Charles’ update?
Another point to consider is that you will always get a proportional pay in Cardano, so it’s really more like return on investment than “mining something precious”. Thank you for stressing this point of community’s share - something to think about for sure. And to your question - Yes, people will go where they are offered easy profit, better to have fan pools as you say with a deeper connection to the project.
I would argue that just running a staking pool thats live 99% of the time - is still: doing Nothing for the community. As you pointed out, pools wil have some sort of incentive to exist - and people like you, or me, or others will do it with that incentive in mind - lets not try and fool anyone we are doing this just for Cardano, ada stakeholders are smart - they will know this “charity ngo shit” is not real
Charles said he wants 25-100 went Shelley goes live!
Charles said the distribution of ada is rather balanced and there aren’t to many whales (it was on Official Cardano Telegram i think Telegram: Contact @CardanoMaingroup)
24 billion ada is in circulation - even if only 50% of this will be “staked” -12 bil is enough for 25-100 pools but i would speculate that over time the nr of pools could go to 5000 , why not? If you will be able to “turnkey setup” a pool from Daedalus?
Ada as a stake - will give you a reward in ada - you re just holding and doing nothing basically
Adafans will be as the name states a fan club. Fan club members will stake our pool - and will get in return not only the ROI offered by the Cardano protocol but a membership in the fan club But as a fanclub - we would love to help/promote/connect all friendly ada pools! There is a risk of non-friendly, hostile whales that would could try to attack somehow Cardano - a vital part of a the future decentralized network is to ensure enough stakeholder power is in friendly pools! I dont want to be biased - i just have no idea who are the people who are trying to start ada pools…and what are their long term intentions, are they even ada holders, or just trying to “rent” their infrastructure? I am Samuru from the telegram group - people know I am there - you can ask
We (www.Cardanostakingpool.com) have a team who also believes in Cardano’s vision and we are very excited about developing a staking project. Our team consists of Scientists, Engineers and Information Technology specialists, we are looking at long team uses for Cardano (ADA).
We believe in Cardano’s vision, its ethics behind a truly decentralised cryptocurrency (i.e. liquid democracy), and Charles Hoskinson and the entire team at IOHK. Our small independent group is made up of Scientists, Engineers, Developers and Information Technology specialists.
Before we began this project, 6 weeks of intensive analytical research was undertaken by our team to decide which of, or if any, cryptocurrencies would have a place in the future of our world’s economy. As you know there are a lot of cryptocurrencies in the market with more being made every day. Some of these have very important and specific uses of blockchain technology that will revolutionise our future, while others are just one trick ponies, and others that have nothing tangible backing them at all.
After our thorough research, we shortlisted a small number of cryptocurrencies that we believe could benefit humanity and stand the test of time. Cardano stood head and shoulders above the rest, so we put our money where our mouth is (so to speak). Every member of our team has backed Cardano 100% with our own money. Money that we could be using on our families, mortgages, holidays, etc. We are far from wealthy, just average income earners with a belief and a dream.
We have already spent a lot of time and money on our endeavour and hope that you will join us on our journey. Working a full time job and coming home to work another 4 to 6 hours a day on this project isn’t easy. Some of our team members have used their annual leave from their day jobs to devote to this dream.
Our aim is to be a part of the Cardano Community and play a role (no matter how small) to help propel IOHK’s Cardano vision into the future. We hope to achieve this by helping to inform fellow Cardano holders of some of the projects that IOHK are currently working on and how they will benefit you. We are also asking for our Cardano brethren to subscribe to our Staking Pool so that as soon as Ouroboros Delegation is released, together we will have a large Delegation Pool, where immediately we are confirming blocks on the Shelley Blockchain. All benefit through this by earning a high (proportional to your delegated stake in the pool) and steady Delegation Reward all while creating the necessary infrastructure for Cardano’s truly decentralised and paradigm shifting cryptocurrency (see below for screenshot from Cardano Roadmap - https://cardanoroadmap.com).
I’m a designer and I like starting up new projects… I got excited about the upcoming staking and put together this over last weekend: http://cryptogrill.io/
Now I’m looking for people who would actually be able to make it work (yeah, haha). Or maybe I could join some team which for example has technical stuff already figured out and wants to “dress it to make it look good”.
I’ve planned to find folks from my neighbourhood to build it. But as I’m reading this thread, it looks like fun to build something with you guys!
What do you think?
Full disclosure:
I’m an entrepreneur and a product designer (mostly UX, UI and Video). That means that…
Although I’m a technical type and I (mostly) understand basic code, I’m not a developer - so I guess I would not be able to set up my own node (or it would took me ages). So the site http://cryptogrill.io/ would die without an actual developer
I’m ADA holder, but not a whale
I don’t really expect much profit out of running a node (compared to time spent).
I can’t drink beer because my stomach sucks - but I’m inviting you all to for one or two to Slovakia!
That is a fun domain name and site you have, clean, I like it.
I’m planning on deploying some nodes in flyover countries, I have access to server cages in multiple locations that I will be utilizing. Having said that I’m also of the mindset that node operators should not be redistributing back to stakeholders directly, an unpopular view. But if Cardano wants to keep their transaction rates low then this is a way to do it; have node operators composited for the work they perform, the value they bring and nothing more.
Imagine a Cardano where one does not have to select, can if they so choose, their delegated node operators. Staking gives holders a percentage growth already why complicate this more than it has to be?
Get more independant node operators doing the work and stop the marketing.
I could talk on this point all day, but back to you, if you are okay with dealing with a very opinionated crew, two of us, then send a PM and we can talk more.
BTW, we are planning for more than just ADA nodes, like utilizing the “profits” for lasting actionable systemic change.
Nice work and design skills! If you’re interested we’re working on a community project that will be in need of a front end designer. Also added you to our list of pools at ada.in.th
You’re correct. Running either the wallet or even a full node is not CPU intensive. Not sure about the hard drive space requirements, but I can’t imagine it being too high on that either. The whole point is to have the entire blockchain sharded in a way where even if you do not get a full replica of it, you still can participate, meaning verify, send and receive ada/transactions.
I believe staking pool software will be open-sourced for a most part. Of cause you can always have additional features for your users on top of it, but for the most part you just need person who able to setup secure server.
You don’t even need to promote your pool, since it will be listed in daedalus itself.
And it seams like everybody want to have a pool (including me)
but i would speculate that over time the nr of pools could go to 5000 , why not? If you will be able to “turnkey setup” a pool from Daedalus?
But as a fanclub - we would love to help/promote/connect all friendly ada pools! There is a risk of non-friendly, hostile whales that would could try to attack somehow Cardano - a vital part of a the future decentralized network is to ensure enough stakeholder power is in friendly pools! I dont want to be biased - i just have no idea who are the people who are trying to start ada pools…and what are their long term intentions, are they even ada holders, or just trying to “rent” their infrastructure?
I just want to know if you are a part of the community? Are you on telegram? )
