Topic: Cardano (ADA): A New Cryptocurrency and More - page 55. (Read 50995 times)
In the first place this coin will not move, because other teams are working. Bitcoin in the foreseeable future will not give way to anyone. All coins are measured in Satoshi.
ADA price settled below the $0.1600 level and it is currently in a bearish zone.
ADA price is struggling to move higher. ADA has to settle back above $0.1550 to start a fresh recovery in the near future.
however, around $0.1600 price level would be great to trigger an upside wave.
If the price fails to move above the $0.1500 level, there is a chance of a downside reaction back towards $0.1400.
Below $0.1400, there is a risk of ADA trading to a new low.
ADA price is struggling to move higher. ADA has to settle back above $0.1550 to start a fresh recovery in the near future.
however, around $0.1600 price level would be great to trigger an upside wave.
If the price fails to move above the $0.1500 level, there is a chance of a downside reaction back towards $0.1400.
Below $0.1400, there is a risk of ADA trading to a new low.
You can check out the forums at forum.cardano.org, but i agree a bitcointalk offical thread would be nice
this is the only tread I could find for ADA on btct. Is this correct ? Dont they have a official ANN here?
Where do I store ADA is it still a eth token?
It has been never eth token. ADA is native token that fuels Cardano blockchain. You can store ADA either in Cardano's Daedalus wallet or on exchange (not recomended if you are not active trader).Where do I store ADA is it still a eth token?
this is the only tread I could find for ADA on btct. Is this correct ? Dont they have a official ANN here?
Where do I store ADA is it still a eth token?
Where do I store ADA is it still a eth token?
Yes, that's right, for some reason they did not want to make a thread on bitalk.
What about the wallet - here's the link: https://www.cardanohub.org/en/the-daedalus-wallet/
Yes sorry indeed it never was I was confused nowadays almost everything is a eth token
Thanks for the wallet link just bought some so those will be leaving the exchange for longer term.
To bad there isnt a ANN always like to read on btct
Time to learn a little bit more about Cardano
i hope this coin not only shows the potential for further growth, but also for great speculation, it is traded on the major exchanges like Bittrex,hope will be successful
this is the only tread I could find for ADA on btct. Is this correct ? Dont they have a official ANN here?
Where do I store ADA is it still a eth token?
Where do I store ADA is it still a eth token?
Yes, that's right, for some reason they did not want to make a thread on bitalk.
What about the wallet - here's the link: https://www.cardanohub.org/en/the-daedalus-wallet/
this is the only tread I could find for ADA on btct. Is this correct ? Dont they have a official ANN here?
Where do I store ADA is it still a eth token?
Where do I store ADA is it still a eth token?
The team is very active, and it is clear that before offering its idea and the product is very well prepared, the expansion of the borders will not keep you waiting and the correct emphasis on those states.
https://twitter.com/CardanoStiftung/status/976412667605913600
This morning, Long Finance’s Distributed Futures research programme, sponsored by Cardano Foundation, launched its latest report: “Liquidity Or Leakage - Plumbing Problems With Cryptocurrencies”. The full report will be available on their website soon.
This morning, Long Finance’s Distributed Futures research programme, sponsored by Cardano Foundation, launched its latest report: “Liquidity Or Leakage - Plumbing Problems With Cryptocurrencies”. The full report will be available on their website soon.
After all it is pleasant to look behind work of harmonious team. Of course I do not know all subtleties in the project at the moment. But visually reverse side allows to judge development. In general a little even I regret now that at the beginning did not come into this project when in the market the price was ten times cheaper, now navryadl such price will be.
16.03.2018 - Cardano Foundation Newsletter - https://forum.cardano.org/t/16-03-2018-cardano-foundation-newsletter/9646
And [DarpalRating] We went through 133 Blockchain projects Github, Here’s our Code Audit Report for February
And [DarpalRating] We went through 133 Blockchain projects Github, Here’s our Code Audit Report for February
IOHK | Cardano whiteboard; Cardano SL, George Agapov
This Cardano whiteboard outlines the work that has gone into the Cardano Settlement Layer since its development began in 2016. Consisting of three main parts – Core, wallet and networking – the code grew in complexity over the duration of the project as functionality was added to Cardano. George Agapov, Core developer at Serokell, the contractor working on Cardano, explains the challenges faced during development and how they were tackled.
George Agapov is a software engineer from Saint Petersburg, Russia. Currently, he is doing his Computer Science master’s degree at ITMO University. In parallel with studying he acquired 5 years’ experience of industrial programming, working with Web technologies, networking, creating software for financial industry (ForEx brokerage and backoffice). Having good experience with Haskell from university and being adept at functional programming.
https://www.youtube.com/watch?v=f01got8H-1k
This Cardano whiteboard outlines the work that has gone into the Cardano Settlement Layer since its development began in 2016. Consisting of three main parts – Core, wallet and networking – the code grew in complexity over the duration of the project as functionality was added to Cardano. George Agapov, Core developer at Serokell, the contractor working on Cardano, explains the challenges faced during development and how they were tackled.
George Agapov is a software engineer from Saint Petersburg, Russia. Currently, he is doing his Computer Science master’s degree at ITMO University. In parallel with studying he acquired 5 years’ experience of industrial programming, working with Web technologies, networking, creating software for financial industry (ForEx brokerage and backoffice). Having good experience with Haskell from university and being adept at functional programming.
https://www.youtube.com/watch?v=f01got8H-1k
Cardano 1.1.0 software update has been released! Read all about this major package of improvements and fixes here: http://ow.ly/CbLl30iOp0G
https://twitter.com/CardanoStiftung/status/970981173655719937
There will be an update push today. The process will start today and takes about 12 hours, once initiated, to propagate throughout the entire Cardano network. This update should help resolve some of the Daedalus issues some of you have faced.
There will be an update push today. The process will start today and takes about 12 hours, once initiated, to propagate throughout the entire Cardano network. This update should help resolve some of the Daedalus issues some of you have faced.
IOHK | Cardano: Shelley Update. March 2018.
Throughout Q2 and Q3 of 2018 the features of Shelley will be released, starting with delegation and stake pool testnets. Duncan Coutts, IOHK Director of Engineering, explores the progress of Shelley.
Duncan has more than 15 years' programming experience with Haskell and is a well-known member of the Haskell community. He helps maintain several popular libraries and tools including Cabal and ByteString. He has several years' experience in packaging the Haskell toolchain and took a leading role in establishing the Haskell Platform.
He holds a first-class degree in Computation and a D.Phil in Computer Science, both from Oxford University. He has published papers at international conferences, including ICFP. His research focus is on generating high performance code from idiomatic high-level Haskell code. This included co-authoring the ByteString and Binary libraries and work on stream fusion for lists. He has five years' experience teaching computer science, including four years spent teaching Haskell to mature students at graduate level.
https://www.youtube.com/watch?v=GLciKKGPeTg
Throughout Q2 and Q3 of 2018 the features of Shelley will be released, starting with delegation and stake pool testnets. Duncan Coutts, IOHK Director of Engineering, explores the progress of Shelley.
Duncan has more than 15 years' programming experience with Haskell and is a well-known member of the Haskell community. He helps maintain several popular libraries and tools including Cabal and ByteString. He has several years' experience in packaging the Haskell toolchain and took a leading role in establishing the Haskell Platform.
He holds a first-class degree in Computation and a D.Phil in Computer Science, both from Oxford University. He has published papers at international conferences, including ICFP. His research focus is on generating high performance code from idiomatic high-level Haskell code. This included co-authoring the ByteString and Binary libraries and work on stream fusion for lists. He has five years' experience teaching computer science, including four years spent teaching Haskell to mature students at graduate level.
https://www.youtube.com/watch?v=GLciKKGPeTg
xpost highly relevant to Cardano:
TLDR: Two significant advantages of a large coin supply are improved price granularity and reduced psychological transaction costs relative to coins with a lower emission and/or higher value.
I heard the same "supply is many billions so is huge so do not have high expectations" naysaying when Cardano was 300 sats.
Instead of listening to the FUD, I listened to my FOMO and backed the truck up.
More people need to understand the interplay of "round number bias" and the psychological costs (IE market friction induced by high cognitive load) of using high priced/low emission coins for small transactions.
A large community of people enjoy being able to be Dogecoin millionaires and how much more fun it is tipping each other many 1000s of Doge rather than an equivalent value expressed as a tiny portion of a Bitcoin or Dash.
The objective value transferred is equivalent but the human psychology involved is nothing alike, because giving/receiving a 10,000 Doge tip is a subjectively more satisfying experience than using the equivalent 0.0001 Bitcoin or 0.001 Dash.
These kinds of cognitive artifacts result from brain structures relating to the human mind's sense of numeracy and its subitization engine.
Subitizing is the rapid, accurate, and confident judgments of numbers performed for small numbers of items. The term was coined in 1949 by E.L. Kaufman et al.,[1] and is derived from the Latin adjective subitus (meaning "sudden") and captures a feeling of immediately knowing how many items lie within the visual scene, when the number of items present falls within the subitizing range.[1] Number judgments for larger set-sizes are referred to either as estimating if insufficient time is available for observers to accurately count all the items present, or counting otherwise.
The accuracy, speed, and confidence with which observers make judgments of the number of items are critically dependent on the number of elements to be enumerated. Judgments made for displays composed of around one to four items are rapid,[2] accurate[3] and confident.[4] However, as the number of items to be enumerated increases beyond this amount, judgments are made with decreasing accuracy and confidence.[1] In addition, response times rise in a dramatic fashion, with an extra 250–350 ms added for each additional item within the display beyond about four.[5]
The best work in this space has been done our revered Professor Szabo.
His conclusion is neatly summarized by one of our favorite Bitcoin memes:
One source of objection to high emission coins comes from reckoning using the metaphor of a publicly traded company's stock share structure. Stocks with a very high number of shares are considered diluted, usually due to having many rounds of share issuance to raise capital after several unprofitable quarters/years.
The market sees stock buybacks and corresponding share issuance reduction as a sign of a strong company; investors like there to be fewer shares because the stock price may move up more easily due to reduced liquidity (recall that prices are set on the margin).
This metaphor may be of some use when considering coins that actually behave with shared characteristics comparable to a publicly traded company's stock, where 1 coin and 1 share equal 1 vote, such as Decred and Cardano.
But the metaphor breaks down when it's taken into account that the number of coins in a cryptocurrency's present/total emission is arbitrary. IE, a Bitcoin is just an arbitrary number of satoshis and the number of atomic units may be limited artificially or as a result of the fundamental capacity of the 64-bit memory address space.
A coin's architect must make these design decisions despite the fact they are somewhat akin to picking magic numbers and after launch fairly 'set in stone' because of social contract considerations.
The coin's architect is thus faced with picking these magic numbers based on what has/hasn't worked for previous coins and their own taste (IE intuition). The market then decides if the architect has good or bad taste in magic numbers (IE fundamental parameters).
The market's decision doesn't happen in a vacuum and depends on if the coin's emission/nomenclature parameters are a good fit for its intended/actual use cases.
Thus for Bitcoin, which is destined to become high-powered super money, a relatively low total emission of 21e6 is perfect.
But for other coins, which naturally fulfill lessor/supporting roles as mere mediums of exchange, a far lower per-unit value is desirable as a way to leverage our visually oriented brains' (and resultant cultures') highly optimized, low cognitive load pathways for subitization and mental calculation.
Going by Callisto whitepaper, the supply is many billions so is huge so do not have high expectations from that.
TLDR: Two significant advantages of a large coin supply are improved price granularity and reduced psychological transaction costs relative to coins with a lower emission and/or higher value.
I heard the same "supply is many billions so is huge so do not have high expectations" naysaying when Cardano was 300 sats.
Instead of listening to the FUD, I listened to my FOMO and backed the truck up.
More people need to understand the interplay of "round number bias" and the psychological costs (IE market friction induced by high cognitive load) of using high priced/low emission coins for small transactions.
How Round Number Bias and Psychological Pricing Affect Your Gains and Spending
You may have partied like it was 1999, but the big celebration was in 2000. Your shopping cart is consistently full of products with prices ending in “.99”. Your last salary negotiation involved numbers rounded off to the nearest $5,000 or $10,000.
All of these examples aren’t coincidence – it turns out that there is a round number bias in humans. Closely related to that, pricing strategies known as psychological pricing or charm pricing have evolved to exploit your penchant for round numbers.
Round Number Bias: Your Brain Likes the ‘0’s
Humans have a round number bias. It’s been passed onto us by socialization.
Think about it – picking a Base-10 number system was an arbitrary choice. It was probably an anthropomorphic choice based on the number of fingers the average (fine, modal) human possesses.
However, something in our upbringing – or a combination of numbers and an evolved trait – means we’re just more comfortable with numbers ending with zero.
You may have partied like it was 1999, but the big celebration was in 2000. Your shopping cart is consistently full of products with prices ending in “.99”. Your last salary negotiation involved numbers rounded off to the nearest $5,000 or $10,000.
All of these examples aren’t coincidence – it turns out that there is a round number bias in humans. Closely related to that, pricing strategies known as psychological pricing or charm pricing have evolved to exploit your penchant for round numbers.
Round Number Bias: Your Brain Likes the ‘0’s
Humans have a round number bias. It’s been passed onto us by socialization.
Think about it – picking a Base-10 number system was an arbitrary choice. It was probably an anthropomorphic choice based on the number of fingers the average (fine, modal) human possesses.
However, something in our upbringing – or a combination of numbers and an evolved trait – means we’re just more comfortable with numbers ending with zero.
A large community of people enjoy being able to be Dogecoin millionaires and how much more fun it is tipping each other many 1000s of Doge rather than an equivalent value expressed as a tiny portion of a Bitcoin or Dash.
The objective value transferred is equivalent but the human psychology involved is nothing alike, because giving/receiving a 10,000 Doge tip is a subjectively more satisfying experience than using the equivalent 0.0001 Bitcoin or 0.001 Dash.
These kinds of cognitive artifacts result from brain structures relating to the human mind's sense of numeracy and its subitization engine.
Quote from: https://en.wikipedia.org/wiki/Subitizing
Subitizing is the rapid, accurate, and confident judgments of numbers performed for small numbers of items. The term was coined in 1949 by E.L. Kaufman et al.,[1] and is derived from the Latin adjective subitus (meaning "sudden") and captures a feeling of immediately knowing how many items lie within the visual scene, when the number of items present falls within the subitizing range.[1] Number judgments for larger set-sizes are referred to either as estimating if insufficient time is available for observers to accurately count all the items present, or counting otherwise.
The accuracy, speed, and confidence with which observers make judgments of the number of items are critically dependent on the number of elements to be enumerated. Judgments made for displays composed of around one to four items are rapid,[2] accurate[3] and confident.[4] However, as the number of items to be enumerated increases beyond this amount, judgments are made with decreasing accuracy and confidence.[1] In addition, response times rise in a dramatic fashion, with an extra 250–350 ms added for each additional item within the display beyond about four.[5]
The best work in this space has been done our revered Professor Szabo.
His conclusion is neatly summarized by one of our favorite Bitcoin memes:
One source of objection to high emission coins comes from reckoning using the metaphor of a publicly traded company's stock share structure. Stocks with a very high number of shares are considered diluted, usually due to having many rounds of share issuance to raise capital after several unprofitable quarters/years.
The market sees stock buybacks and corresponding share issuance reduction as a sign of a strong company; investors like there to be fewer shares because the stock price may move up more easily due to reduced liquidity (recall that prices are set on the margin).
This metaphor may be of some use when considering coins that actually behave with shared characteristics comparable to a publicly traded company's stock, where 1 coin and 1 share equal 1 vote, such as Decred and Cardano.
But the metaphor breaks down when it's taken into account that the number of coins in a cryptocurrency's present/total emission is arbitrary. IE, a Bitcoin is just an arbitrary number of satoshis and the number of atomic units may be limited artificially or as a result of the fundamental capacity of the 64-bit memory address space.
A coin's architect must make these design decisions despite the fact they are somewhat akin to picking magic numbers and after launch fairly 'set in stone' because of social contract considerations.
The coin's architect is thus faced with picking these magic numbers based on what has/hasn't worked for previous coins and their own taste (IE intuition). The market then decides if the architect has good or bad taste in magic numbers (IE fundamental parameters).
The market's decision doesn't happen in a vacuum and depends on if the coin's emission/nomenclature parameters are a good fit for its intended/actual use cases.
Thus for Bitcoin, which is destined to become high-powered super money, a relatively low total emission of 21e6 is perfect.
But for other coins, which naturally fulfill lessor/supporting roles as mere mediums of exchange, a far lower per-unit value is desirable as a way to leverage our visually oriented brains' (and resultant cultures') highly optimized, low cognitive load pathways for subitization and mental calculation.
Just taking into account the team contracted to work on it, that alone boosts it to a top 10 coin. The team is impressive and scientifically robust. Haven't seen that many PhDs and professors working on any other blockchain project.
PhDs are not a guarantee of succesfull project. PhDs like to research, talk and write articles and so far, this project is just a list of promises. The question is if they deliver.
Just taking into account the team contracted to work on it, that alone boosts it to a top 10 coin. The team is impressive and scientifically robust. Haven't seen that many PhDs and professors working on any other blockchain project.
Cardano's Ouroboros: Proving Proof of Stake can work in the wild
http://www.ibtimes.co.uk/cardanos-ouroboros-proving-proof-stake-can-work-wild-1663150
http://www.ibtimes.co.uk/cardanos-ouroboros-proving-proof-stake-can-work-wild-1663150
Jump to: