I would love to read your response. The closest book that I have read that gives me a sense of hope was “A Radically Beneficial World: Automation, Technology, and creating jobs for all” by Charles Smith.
It’s not the machines destroying our jobs part …it’s that the current debt & death system has concentrated both the money and the wealth creation vehicles to the closest to the fiat spigot and has the rest of us in a state of financial repression while creating a generational underclass living on EBT cards. Consumerism and the age of the petro man has us chasing “stuff” when a deeper human need is real meaningful relationships and purposeful/meaningful work…let’s just say that there is no reason for the elites to pay attention to us as we cross this chasm…there will be a lot of looking in the mirror when this is all said & done.
Surely, it is very fascinating, you probably have nothing to worry concerning your investment as you can be sure it will most likely at the least double in value, this thread is next to useless IMO in understanding the whale issue, as it does not remain civil in any way, and when the conversation is infected with aggressive opposition than many decide to just remain silent and not contribute to a very real discussion of what will come out of the ICO disbursement when treasury and real decentralized in nature decision’s that decide the future of Cardano are brought to the table and might just be against a known cultural thought process or for one, than if the whales are of the same thought on the cultural issue than they become a majority and the vote goes in their favor and then brings to light the idea of Cardano not being decentralized but yet possibly geographically centralized (hence the cultural majority vote) stemming from the ICO - highly possible IMHO -
Now I believe these fatty Whales surely deserve their stake in Cardano and all of the benefit’s that were awarded them during the ICO, they risked investment and so should reap reward, the problem will not just disappear but it is somewhat a problem if you are trying to give the world a decentralized platform, I will give you a my life example.
If the ICO was geographical to the Japanese people than we are going to face whales that most likely have a cultural idea that they developed from the history of their culture which would make since as they hail from… -Japan- , not exactly a bad thing but in my own experience having been enveloped in an American sub culture of Asian’s and becoming very close to them I can understand that on some issue’s they do not waver and we are only friends with the understanding that we hold significant differences that we can look past, but not a single one of my friends would submit a vote that did not align with who they are, that is simply how they are, there is a cultural void between us, there just is, the idea I have of liberty and the idea they have of liberty is not even close, I imagine it will be the same when it comes time to award treasury funds to an American sensitive Cardano project, they just do not look at things the same way.
Yes it is, quite complicated when we talk about a top ten crypto of the day and what it’s goals are.
Edit: @ADALove@rin9s I think your separate entity’s and have enjoyed both of your thoughtful writing contributions here.
Great things are not accomplished by those who yield to trends and fads and popular opinion.
Jack Kerouac.
I’ve seen the “destroying jobs is good” argument many times. I’ve posted my respectful response here:
To avoid hurting any egos, I did not call anybody out in that thread by name. So, let’s try to keep that thread civil and focused on ideas, not personal attacks.
I could argue, from the point of view of a lot of holders you are a whale already. Please explain to the so called “adalover” - why on earth would you ever to hurt the value of your ada?
And yes, this thread is becoming quite a nuisance. Really looking forward to the day the issues are resolved and the community is happy with the situation.
So I can lock this thread up and trow away the key .
Hello cardano community. My name is Ben, and I think I got robbed. Over the past two days, my wallet was not connected to the network, when the synchronization still passed, I saw outgoing transactions and a modest balance on the account… Is it a bug or an innovation from developers??? Yet I sincerely hope that is what is crashing, anyone have similar problems?
P.S.They call you “Ethereum Killer” but so far you’ve only killed my money
p.p.s. Sorry if than the violated rules " shovel, I are registered , to ask question, this my the first post, please help. “don’t be sad dude” is taken as sympathy
So basically to equalize the said inbalance in my own opinion is just to encourage more investors into the coin. Then it will be diluted in some point. Like sugar in a water until you can not taste its sweetness anymore. The next action would be controlling on how much ada they can be sold back in the market/ withdraw same as with the different platforms/ exchanges sometimes when the price is too volatile they stop the withdrawal. However we can limit it per day so thus it will not disrupt the whole system, like having ada can only be sold in the daedalus wallet into fiat. Or what they doing right now to integrate it into a card that they can withdraw anytime or use it to buy goods. If you are a primary investor and you hit gold will you ever share your profits i guess not. In my point there will be always first adpoters and etc. Next would be the staking protocol so that we earn " interest" while we hold ada. But to a certain limit. U know its kinda hard how to accept this with regards with the decentralized thing but we need to do it for the betterment of the community. There will be no such thing as no control in the world or there will be chaos. I will say, in time this problems will be solved if they are a lot of people using it. So i believe that what charles.is doing that he is bringing it to the other " high percentage with less privilaged to have a bank account" around the world is a great strategy.
I don’t have the stamina to go through this entire thread so forgive me if someone pointed this out but I think Charles has an answer on this issue in this video go to the 22 min mark.
Thank you for your post. I agree that it is a critical issue which needs to be cleared up by IOHK asap to alleviate long term investors’ concerns. Also, it makes the rationale behind a 1 year long ICO for EOS more attractive as they have done that on purpose to increase dilution.
Please IOHK, provide clarity to the community asap.
It took me some time to get through this thread (still not
complete). It is thrilling!
But the basic assumption implicit to this discussion is (in my
opinion) an illusion. Technology can NOT set up a better world or help
creating a more equal society. So, if there are whales controlling
ADA to a vast degree … it will remain part of the system. It will
most likely not change. Why should it? ADALove must have sensed a
certain disillusionment or disappointment when he found out about ADA
being somewhat monopolized.
This is my point: Disappointment is the essence of this
discussion. Cardano is ONE organization (though several companies). Charles Hoskinson
might honestly believe he can change the world to the better with it. He
will not! There will always be few controlling many. Few people
controlling ADA! From a technological perspective, maybe it will be decentralized. But seen in a broader perspective, politically,
socialogically, even economically … I can see only question marks, not paradise.
So, please stop believing in miracles. The only miracle here is
human genious and creativity. That’s is why I adore it. My deepest
respect for everybody who is working on this project. But: »Creating a better
world« – forget it!
I completely agree with @lyrx1. There will always be a few people on top and many many people on the bottom of the money pyramid. It always has been that way and likely always will be. The concept of cryptocurrencies is not designed to prevent that from happening. Instead, the idea behind cryptocurrencies is to keep those individuals in-check. Finally we have the opportunity to have competition in our monetary policy! If ADA whales want to manipulate the network in their favor, you are welcome to move your money to ETH, BTC, etc… This competition keeps whales from manipulating. We can’t use history as an example, because we’ve never seen this concept alive in the history of the planet.
Nobody in their right mind wants a “equal distributed wealth society” that is communism. Decent and moral people want equal opportunity, not to be engaged in force and aggressiveness basically theft of other peoples work - not only is that the ONLY moral system there is, but it so happens to be that it is also the most effective in raising peoples living standards from top to bottom.
If we wanted to equal wealth today by world standards, your yearly salary would be around 13.000$, and of course this would drop to nothing since people would stop what they would be doing.
The majority of Wealth in a society is created out of thin air (there are a few exceptions like land or natural resources, which btw are valueless by themselves) if you own yourself, you also own your creations, your rights extend to your property.
This is what blockchain is trying to do, to create more equal opportunity, one of the benefits is that “people” cant use governments to steal wealth and keep people down - and yes this extends to many other areas, where blockchain is a benefit, but that is a longer discussion.
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