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m₳tiwinnetou | C₳rdano F₳ns (CRF₳) Profile picture
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15 Oct, 5 tweets, 2 min read
What keeps CRFA busy?

- new page for Cardano Blockchain Insights based on data from @adapools_org -> adapools.org/groups, we will have soon a full historical backfil as well (!)

New page on datastudio.google.com/reporting/3136… will be visible soon.
- turning our crfa-token-app (sending community tokens plus sending epoch rewards) with extra capability of accounting software for SPOs, btw: @ccwalletio we need to catch up next week

Accounting software means it will withdraw staking rewards, distribute rewards based on pledge
to owners and pool revenue will be shared among pool owners minus internal treasury, minus costs, minus epoch rewards, minus utility bills.

income - costs = profit and then automatically send to wallets of owners and companies / entities (e.g. charity ADA wallet, sponsorships)
- new website design for Cardano Fans, this is a pre-requisite for a special page for stakers where they can see their extra rewards based on pool lottery and they will also be able to see tax they need to pay on all rewards + extra lottery based rewards.

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More from @matiwinnetou

m₳tiwinnetou | C₳rdano F₳ns (CRF₳) Profile picture
16 Oct
I get asked a question why I am against MPOs (Multi Pool Operators).

Let me explain. It is a bit complex, they are not the worst in some cases albeit far from ideal.

It is all about added value.
I have been working as a Tech Lead now for years in rather large organisation. I have this position that somehow puts me in hierarchy higher. Over years however I noticed that ingenuity and many great ideas comes from people below my "level" and I felt this level things is stupid
In this sense ADA delegated to another stake pool could enable them to realize ideas I didn't even come across.

OK you could argue but as a multi SPO I could hire many people and we together would innovate on ideas and provide additional value to the Cardano ecosystem or?
Read 8 tweets
m₳tiwinnetou | C₳rdano F₳ns (CRF₳) Profile picture
15 Oct
Added value can vary:
- podcasts / youtube - e.g. H4SH
- develops library, TANGO, NUTS, BLOXB
- creates tools for Cardano, e.g. EASY1
- organises meetups in local country, e.g. POA, HERMES
- translates content to a local language, e.g. SWIM
- takes more active role in project catalyst, e.g. FAY
- develops SPO tools, e.g. CLIO1, EASY1, ATADA, BSCH
- develops UI community tools: PEGA, LOVE
- creates wallet: TITAN
- maintains relay nodes in exotic locations, e.g. ADA
- creates interesting consumer products, e.g. MUSE

Please note that mentioned pools are only examples, I missed tons of pools which provide additional value in those categories (!).
Read 5 tweets
m₳tiwinnetou | C₳rdano F₳ns (CRF₳) Profile picture
7 Oct
In terms of decentralized (!) smart contract platforms there are only two routes ahead, nothing else:

1. Scale on L2 (Ethereum, Cardano)
2. Scale on L1 with on chain Archivers (e.g. Solana)

Both have trade-offs.
1.) L2 scaling is not easy (see zkRollups, Optimistic Rollups or Hydra Isomorphic State Channels + ext), worst part could be user experience L1 <>L2 since technically eventually it will be solved and I mean eventually.

Those chains that hide L2 complexity from the user have adv.
2. Archivers (Solana), this could work but but but it gets rid of inclusive accountability, it becomes very expensive to check up on work > x years, where x is changing, also Solana hardware requirements and node requirements are quite high.
Read 8 tweets
m₳tiwinnetou | C₳rdano F₳ns (CRF₳) Profile picture
6 Oct
I think it is worth to decompose this a bit.

Cardano (PoS) vs Bitcoin (ASIC PoW)

This will be rather in depth, complex but bear with me.
....
1. "Block production in Bitcoin is quite decentralized", This is NOT true, there are a few mining farms.

2. "Bitcoin is free and patent free", this is true for core BTC but Bitcoin mining is pretty much dominated by patented ASICs now
3. "Bitcoin is 100% decentralised development": no, of course not, in order to be a contributor you can open PR but there is a small group of people that merges this on or not. It is important to say there is no way to vote them out(!)
Read 28 tweets
m₳tiwinnetou | C₳rdano F₳ns (CRF₳) Profile picture
5 Oct
For Pool Operators (multi and single), it is gonna be increasingly hard to get delegators, like if it wasn't hard enough.

More companies are stepping up and launching ISPO and own pools.

It is both good and bad, really depends who you ask & from which angle you look at it.
For price of ADA this is great, for DeFi & NFTs and tokens - it is great but those not innovating will be eliminated, cruely

Is there any solution? No, I don't think so, it is by design and CRFA will also suffer, it already did, e.g. to MELD, MAL, etc.

The only choice for SPOs:
Step up the game, invest more into what attracts delegators (for the moment DeFi tokens on Cardano are all the range). It is not a cheap game, very few experienced Haskell / Plutus developers. Those who know it well have a serious competitive advantage for first-mover advantage.
Read 4 tweets
m₳tiwinnetou | C₳rdano F₳ns (CRF₳) Profile picture
4 Oct
Over years critics of Cardano came up with lots of misinformed statements. I remove most idiotic ones but some are somewhat sensible to talk about. Let's go.

Folks often / sometimes say:
1. "oh on chain governance, you want plebs to vote on critical network params"?
LACKS_DETAILS:well it is very sensible view, of course it cannot work like this, Cardano is planning representative democracy with domain experts which people will vote on and off
2. "I looked at Cardano's Ouroboros and wtf, it doesn't even have a fee auction system".
There is now a fee auction system in Alonzo but no software supports it yet (apart from core ledger). It was introduced for different reasons - security to best of my knowledge
...
Read 24 tweets

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