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I got into a bit of a tiff yesterday with a bitcoin maxi.
The argument was staking #Cardano is idiotic b/c Charles and IOG will use us as exit liquidity, rug/dump/scam.
I used my rebuttals to build awareness and Ada respect in the btc crowd, hope it helps others too:👇
The argument was staking #Cardano is idiotic b/c Charles and IOG will use us as exit liquidity, rug/dump/scam.
I used my rebuttals to build awareness and Ada respect in the btc crowd, hope it helps others too:👇
Argument points for Ada:
> One of the most fair launches for POS (fair launch was scoffed at).
> Staking is self-custody, goes to your wallet (not Charles), no lock
> All early miners and adopters are whales, less relevant over time.
> Btc has centralization concerns too:
> One of the most fair launches for POS (fair launch was scoffed at).
> Staking is self-custody, goes to your wallet (not Charles), no lock
> All early miners and adopters are whales, less relevant over time.
> Btc has centralization concerns too:
> btc minimum attack vector (MAV, or 51% attack) is ~3, Ada is ~22, Ada more dec. in pools
> btc chip makers will lock up deals for best chips with big contracts from big $ miners only
> btc MAV of 3 easy to co-op, concerns of centralization by miners themselves
> btc chip makers will lock up deals for best chips with big contracts from big $ miners only
> btc MAV of 3 easy to co-op, concerns of centralization by miners themselves
