Donald Coates

@[email protected]
@[email protected]

Art: @Wolves_Cardano

[Donald Coates @digitalap3]

I don't think about last year too much, like I used to all the time. Nearly every waking moment and then some. Except when I am meeting up with an old friend or family member that I haven't seen since then. I think of what they might ask me and how I would respond. And then..

[Donald Coates @digitalap3]

@Dan_Jeffries1 @sterlingcrispin Loving the Salvation series! Thanks for the recommend.

[Donald Coates @digitalap3]

@leashless @gospelofchange @sellieyoung It never ceases to amaze me how fucked up these people are. "And as I’ve been saying to you all along, if you think we’re messing up this world, wait till you see what He does to it." Polluters are doing god's work. Brilliant stupidity.

[Vinay @leashless]

@gospelofchange @sellieyoung https://t.co/ubqHrUg6gL

The deep mythic structure of our civilisation laid bare.

[Donald Coates @digitalap3]

@leashless This fits in beautifully with your wedge issues post. I said something about this to a coworker I considered well informed and they had no idea this was a thing. One of the biggest issues on the planet rn and they had no clue.

[Donald Coates @digitalap3]

@leashless Once everyone is relocated then we can have the civil war.
Honestly that's probably one of the few things keeping it from happening.

[Matt Walsh @MattWalshInBos]

This Prometheum storyline has got to be the strangest thing I have seen in awhile in this industry. Has anyone actually looked into this? Beyond bizarre…

[Cardano Community Charity Coin (CCCC) @CCCCoinio]

Retail Investors : Fire Gary Gensler as SEC Chairman for obstruction of justice - Sign the Petition! https://t.co/lbwdutjDD2 via @Change

[Donald Coates @digitalap3]

@leashless On a side note to this quote - in Catholic school I remember clearly the day a nun said "thinking it is the same as doing it". As a pre pubescent believer I was horrified.

[Donald Coates @digitalap3]

@leashless More collectibles than luxury goods I think. SEC should be posting up at Antique Roadshow.

[Vinay @leashless]

Jimmy Carter famously said he has “lusted in his heart” and this is basically how the SEC wants to decide what is or is not a security.

“If an American wants to buy it for any reason other than using it and throwing it in the garbage then it’s a security”

[Donald Coates @digitalap3]

What kind of an idiot sees this as controversial. Only the snowiest of flakes for sure.

[NowThis Impact @nowthisimpact]

Since Amanda Gorman's poem 'The Hill We Climb' is now being deemed too 'controversial' for Florida elementary schools, why don't we all take 5 min and actually listen to her words, delivered from the Capitol at Pres. Joe Biden's 2021 inauguration

[Patrick Tobler @Padierfind]

ℹ️Cardano SPO Pollℹ️

So the @Cardano SPO Poll is currently happening, and here's why you should pay close attention:

--

1. The SPO poll is a test run for actual SPO voting for future governance events. Its a precedent for what Cardano governance could become

2. The poll is about changing two of the most critical parameters in Cardano.

Let's take a look at these two parameters:

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🪨 The k parameter: This parameter defines the optimal number of Stakepools on the network by setting a soft cap on the pool size.

This parameter is currently set to k=500, meaning that the Cardano Network would be run by 500 Stake Pools in an ideal world.

➕ Increasing the k-parameter, in theory, increases decentralization because it encourages more & smaller pools.

The current maximum ADA a stake pool can have is 64 million, so if we were to increase this parameter to 1000, the maximum ADA per pool would decrease to 32 million.

This means Stake Pool Operators with large pools would make less ADA in revenue, while new opportunities for smaller pools arise.

Sounds like a no-brainer, right? Increase k -> more decentralization.

➖ Not quite. A valid point against increasing k is that it would lead to a larger network, which would lead for slower block propagation between stake pools, which could make it less resilient.

🙋‍♂️ In my personal opinion we should absolutely increase k and force larger pools to lose some of their delegation, creating more opportunities for smaller stake pools and making sure that the network becomes as decentralized as possible.

--

💰 The minPool Cost: This parameter defines how much ADA per Epoch the pool will take as a minimum fee.

This parameter is currently set to a minimum fee of 340 ADA.

➕ In short: The higher this parameter is the more it mathematically hurts pools with little delegation.

Why? Small pools will maybe produce 1 or 2 blocks every epoch. This leads to a certain amount of ADA "earned" by this pool.

Let's say for arguments sake

1 Block = 1000 ADA

If the pool then is forced to take 340 Minimum ADA fee, this equals up to the pool taking 34% of the total rewards.

While on the other hand larger pools that might produce 10 blocks in 1 epoch will "earn"

10 Blocks = 10 000 ADA

So there the 340 MinADA will only be 3.4% of the total fees while the rest would go to the delegators.

66% for delegators on a small pool

vs
96.6% for delegators on a large pool

This means that small pools rewards are not competitive and incentivises users to delegate to larger pools.

➖ The negative part to decreasing the Minimum ADA fee is a possible race to the bottom, where pools might even operate at a loss.

🙋‍♂️ Again, I'd heavily argue for decreasing the Minimum ADA fee to make smaller pools more competitive with large existing pools.

--

Before we take a look at the actual poll, here are three resources you should definitely take a look at:

1. The current status of the poll on @cardanoscanio: https://t.co/0zy85YFiLH

2. @InputOutputHK official blog post about the Pro's and Con's of changing the parameters: https://t.co/K6ueFR4aLD

3. This informative video by @armyofspies: https://t.co/eJYY64kEYk

--

For the current status of the poll I'll write more into the Thread of this tweet.

[Donald Coates @digitalap3]

@Dan_Jeffries1 This was a great article. Really expanded and changed my perspective on the issue.

[Daniel Jeffries @Dan_Jeffries1]

Many folks hope to cripple #AI by choking off its data sources with expanded copyright. In my latest article I talk about why it won't stop AI and why it will have horrible blow back effects that most folks will hate.

https://t.co/iHFvJKuJzW

[The Onion @TheOnion]

Man Buys Sword In Case He Ever Needs A Sword https://t.co/QCrJVeQ2oT

[Daniel Jeffries @Dan_Jeffries1]

Encryption good. All arguments against it are utter and total bullshit and always have been.

https://t.co/rt3Nh0GI4w

[Donald Coates @digitalap3]

@Dan_Jeffries1 It seems so bizarre that encryption needs to be defended. But the principle of "person I think is bad so thing they do I don't really understand is bad" is powerful. I have found myself falling into that trap many times. It feels like the basis of almost all dialogue these days.

[Nick St. Pierre @nickfloats]

I found a far more interesting way to get questions answered in ChatGPT.

Introducing InsultGPT, the chatbot that hopes I choke on a fishbone next week at Providence.

[Donald Coates @digitalap3]

@IOHK_Charles The Fediverse seems to be working pretty well.

[NowThis Impact @nowthisimpact]

Meet the TikToker who’s running from LA to NYC to raise $100,000 for charity