Apart from NFTs and crypto, I'm also into forex trading. I, like many, trailed social traders for their gains, paid hefty for mentorship due to these misjudgments.
Reflecting,I wish to share insights into how I could have navigated those learning moments more effectively. 🧵1/6
BREAKING NEWS:
THERE IS NO REASON TO HAVE CENTRALIZED EXCHANGES – CHARLES 😱😱😱
@IOHK_Charles compares centralized exchanges to a system built on blind trust, manipulation, and predatory listing fees.
He insists that decentralized exchanges DEXs are the path forward offering honesty, transparency, and freedom from custodial risk.
Is this the beginning of the end for centralized exchanges?
@lilybrodi the best advice? is not to look for too much advice specially an external
one. Choosing where to settle is super personal — it’s something you need to figure out on your own.
good question:
Cardano is built from the ground up using BTC's UTXO architecture but extending it to eUTXO in order to facilitate more programmability and smart contracts
its primary token is ADA, disinflationary and capped, also like BTC
It is built on bitcoin's first principles hence the focus on decentralization and security
it uses a POS system called ouroboros that enables trully liquid, unlocked delegation to the 3000 or so, low HW requirement pools run by the community
Its also governed by the community with the recent release of Voltaire
In essence, the Cardano community runs, funds, and governs the protocol
Its critics ridicule it for the lack of liquidity but the reason for that is not succumbing to ETH's network effect nor does it cater to VCs, something im sure someone with your moral credibility and virtuous ethics would find appealing
So what you get is what you see, a grass root, bottom up, decentralized, network state with a 1.5billion ADA or at the time of writing $877,500,000 treasury that was funded through our usage and the community governs over
Its as a cryptocurrency should be
Moreover, through the @BTC_OS trustless bridge, Cardano will soon connect with the UTXO king
Trillions of $ worth of dusted BTC will soon have the ability to loan, borrow, leverage and use all the other services and DEFI without relying on middlemen
This will be the first time in the history of BTC that you dont need to rely on custodians or multisigs to borrow on your BTC. it will be monumentally historic
The reason for this seamless integration is the compatibility and interoperability UTXO offers through ZK proofs, which is far easier and natural to do on, instead of the VM world
this will offer true scalability to both BTC and ADA
I'd gladly go into more details in any of the aspects of governance, technology, methodology etc. and I'm sure many others, that know more than me would also happily answer any more questions you have
thank you for the opportunity to answer your question Duo
@bobasfk@duonine he knows very well that he gets good engagement when its cardano. I followed him because he has good data gathering the last time i came across his account, i LOVE cardano and would also like to see data on his "slow rug" comment - dang i just contributed to his engagement hehe
It works 🤯
This address is a smart contract, built on Plutus V3, that allows a Bitcoin wallet to control it directly!
Bitcoin users can now send ADA, tokens, and even stake in any Cardano pool — no new wallet needed.
Tldr: A seamless bridge between Bitcoin and Cardano apps is here!
Wanna know more👇
I respectfully disagree. Cardano's focus should remain on sustainable, long-term growth rather than short-term, speculative investments like a Meme fund. Our treasury is better spent investing in real innovation, infrastructure, and tools that will build lasting value, attract serious developers, and create real utility for the ecosystem.
Not memes.
You are not watching gold surge.
You are watching the dollar get debased.
The dollar has lost over 30% of its purchasing power against gold in the past year.
The Blindsight device from Neuralink will enable even those who have lost both eyes and their optic nerve to see.
Provided the visual cortex is intact, it will even enable those who have been blind from birth to see for the first time.
To set expectations correctly, the vision will be at first be low resolution, like Atari graphics, but eventually it has the potential be better than natural vision and enable you to see in infrared, ultraviolet or even radar wavelengths, like Geordi La Forge.
Much appreciated, @US_FDA!
"The point of decentralization is you have that say, you have human rights, you have dignity, you own your own identity, you are your own bank. You have human rights, like freedom of speech, freedom of association, freedom of expression. These are foundational things." @IOHK_Charles@nmkr_io@trivolvetech #Token2049singapore
I love you Adam but let's be real. #Cardano is very, very far from being a global financial system.
We are barely getting 30K monthly active addresses according to @MessariCrypto (addresses and NOT users) and 20K UAW (unique active wallets) on dapps according to @DappRadar.
I say let's focus on getting there first by making it EASY for people to participate in all aspects of the blockchain and not impose prohibitive parameters.
Let's put these @IOHK_Charles-esque delusions of grandeur behind us and act on real world data. We couldn't effectively handle a memecoin launchpad, let alone being "a global financial system". We are not there yet. And I would love to see us get there at some point, but we have to be able to look what we are lacking in the eye and say "we need to fix this".
I love Cardano, I quit my job to come and build on Cardano but sometimes you gotta say it like it is.✌️
@elonmusk Because maybe there is nothing wrong with it? It’s not about gender—it’s about skills and strengths. We all bring value, just in different fields.