Yes, a longer discussion. I love these longer discussions.
To be honest, my heart goes with you, and I would very much like to see happen what you hope: More equal opportunities through blockchain. I would like to believe … but it is cold and lifeless reasoning, that stops me from believing. It never happened in the past, but there were plenty of tech revolutions that could have changed the world for good. A weapon in the hand of a man can be used for hunting. But he can use it to kill his brother. He will use it for both. He always did. The same will happen with blockchain, and it makes me sad.
Cardano (ADA) is one of the latest cryptocurrencies to be developed. The cryptocurrency was launched in November 2017 and it has outdone most of the cryptocurrencies that were developed way before it. The amazing thing with Cardano is that despite the fact that it is still struggling with the value of its token, the ADA, the crypto coin still remains in the top 10 list of cryptocurrencies.
I am curious. After this original post was made, has anyone done a subsequent analysis to find out if some of the large token-holders went ahead and broke out their originally huge holdings and scattered them throughout a number of different wallets?
I don’t know what tools are available that would enable me to search through the ADA blockchain and see what the top 100 holdings/wallets were as of 20 February, and then trace what happened to them. To do so would be helpful to see if some folks heard about the concern and then went ahead and tried to “muddy the waters”, so to speak, to make the issue disappear to the casual observer.
Unlike publicly traded companies, where you can see what the large stakeholders do with their ownership stake, it seems to be harder for an average Joe to do the same type of research on cryptocurrencies, despite the claims of being more open and transparent than conventional markets.
As mentioned above you are ignorant to believe a “whale” or significant owner will have just one wallet.
I believe all crypto currencies will be manipulated for a lot longer. Until real life adoption/application has happend (fingers crossed) and created lots of volume. But even then the initial creators with unknown amounts of holdings may have equally much influence if they do not distribute. Its a governance issue and quite serious one potentially. It’s amazing Bitcoin is about to get CBOE ETF and no one knows if someone has the capacity to crash the price.
Just think of the regulation on 5%+ stock owners in listed companies. They are named in their annual reports. I understand this is a currency but in comparison to fiat it would be countries and their governments. Such “manipulation” is simply regulated as pegged or floating currencies by nationalbanks.
Just thinking about it makes me want to run away screaming. Yet here i am.
Hopefully Cardano and emurgo will be as open and honest as always.
What ADA amount per owner is charactherized to be called a ADA Whale? Think this whole discution is a bit strange… a Whale for me is maybe a Whale for another ect…
whales where part of every ecosystem exist:joy:(lol)
They are investors just like you and everyone else in these community, why bother? you get your reward base in what you have stake(investment), they are not dumb to dump there money into something that they will dump later on(years,decade or century).
Better to be goodvibes and make these ecosystem fruitful in the future…Buy more Ada for the future!
It seems that @blanca12 and all their posts have disappeared. Perhaps a good thing; I too was wondering about the unrelated links after each of his/her posts.
HazelMazel3 I am not too concerned with banks going froward, your comment on changing one world currency for another is concerning to me. The USD is de-facto world currency, over 50% of every dollar goes towards war or empire building! For pacifists, or people of higher conciseness there is little alternative in using the USD, until now. Although concentration of power is ultimately a negative, the governance of $ADA is a leap forward from the legacy system.
We will reach a Type 1 (Galactic) Civilization eventually. I think ADA can be considered to be one of the many interwoven threads/twine that all tie in together.
Well, I have just read this topic end to end (yes everything, I didn’t skim) and I am extremely disappointed (who can I send the bill for my time to).
What started out as a potentially interesting topic, was basically shut down by @adafans_io by adding so much static that nobody wanted to participate anymore.
It is people like them that are the problem, not the whales.
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You make an excellent point. The trade-offs between narrow jurisdiction legitimacy and other modes of distribution are easy criticize post-hoc, but in 2015, the period of Cardano inception, the global regulatory environment was even less clear than it is today. This must’ve been an agonizing decision for the Cardano team.
