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Lgb161944681 activity

Lgb161944681 commented on Any recommended readings?

Depends what you're looking for. From real world applications, metaverses, dex's, decentralised loans / finance, decentralised funding - cardano has the biggest decentralised funding program in the world, called catalyst. Anyone can submit a proposal for funding and anyone holding ₳ can vote to whether you're funded or not. There is even people now being paid (their career in cardano) by funding voted for by the community. Check this site out for different dapps https://www.cardanocube.io/cardano-ecosystem-interactive-map

Lgb161944681 commented on Must Cardano be acquired via KYC exchanges? Is it available through any DEX?

₳ is available on all dex's on the Cardano Blockchain. It depends what blockchain the dex is on that you use. If it's not Cardano, at most it can only be a wrapped ₳ token. So it's not whether a blockchain has a token called ₳ on their dex.. it's whether it is truly wrapped to ₳ and whether there is a route to swap it to ₳ on the cardano chain

Lgb161944681 commented on Is my ADA safe if adalite.io goes down?

Yeah, your ₳ is not in adalite, it is on the cardano blockchain. Adalite is just one of many user interfaces end users can use to control their funds. As long as you have your seed words you are fine. P.s. you will be getting private messages, they are all scams. Never enter your seed words after following a link.

Lgb161944681 commented on So if I'm a farmer in Africa, and I have $100 in life savings, I should spend another $100+ on a third-party commercial device because the normal software is not safe enough?

That's not what I've said at all. I've said mobiles these days are quite secure. I also said if someone has a value in crypto that means something to them, I recommend a hardware wallet. That doesn't mean they have to get one. It's like anything, you work out the value of something, and decide how you want to keep it. Many people are more than happy with hot wallets

Lgb161944681 commented on I knew that as soon as the first hardware wallet came out. Does anyone here know any actual attack vector that could be used on Android to compromise the seed phrase when it's being entered or stored? If I am using Yoroi on a clean Android, what should I do to have it compromised?

That's difficult to say.. compromised could be even losing your phone, or someone watching you type your spending password and then stealing your phone. Also remember people have unlimited attempts at spending password if someone gained access to your mobile. These days mobiles are genuinely quite secure. But I think the bigger question would be, is the cost of a hardware wallet to add security to your funds worth it. Private keys and seed words security are more important than the funds itself. Simply because access to them would give unconditional control over funds in that wallet.

Lgb161944681 commented on So why you use Ledger then, if it's safe to not use it?

A ledger, or other hardware wallet simply keeps your private keys on a device that never accesses the Internet. You only ever put your seed words directly into your hardware device as well, nowhere else. So when you use a hardware, you connect it to the device with your wallet on to authorise a transaction from your wallet. Without a hardware device you need to enter your seed words into your Internet connected device. Your private keys are also saved (encrypted) on your device connected to the internet. You use a spending password to decrypt the private key to authorise a transaction. So if your device with your wallet gets a virus / key logger etc or compromised in any way. Then your funds would be highly vulnerable. That's the difference.

Lgb161944681 commented on There was talk earlier of 3 forks. February June October What happened around February? Has anything been teased about June?

You should follow the Cardano 360 updates. Both the mid month and end of month. They are also pinned in this channel. Updates were pushed through, but the february updates didn't require a Hardfork Combinator. The c360 updates have been giving lots of information about the June update, which will have a hardfork combinator upgrade. The updates are always released at IOHK YouTube channel https://youtube.com/c/IohkIo

Lgb161944681 commented on And won't they be unstaked?

Depends whether your other wallet is delegated or not. You register the wallets staking key, so anything in there is delegated. If you move your ₳ from one staked wallet to another, your old wallet will continue receiving the rewards from that ₳ for three epochs, before your new wallet takes over. So you never lose out on rewards

Lgb161944681 commented on Guys is the SHIBA/ADA trading pair on Sundaeswap actually the real SHIBA inu coin,why is it blue?? How do I import SHIBA on there to provide Liquidity?? Actually I can't figure out how to import anything on Sundaeswap besides ADA. Is that the only way to get funds onto Sundaeswap to provide liquidit... Read more

Shiba inu is not on the cardano network, so if you are seeing that token on a cardano dex it is either wrapped on not linked at all to the token. Tokens on the cardano blockchain are on cardano blockchain dexes

Lgb161944681 commented on does anyone have thoughts on them only ipso'in for 5 epochs ? compared to most other projects length , and also considering the hype , that this is a pretty measly offering , no ?

Have you seen the amount of ₳ delegated to them? It's over 5 billion ₳.. i'm not sure how big their supply is but it's the most ₳ delegated. They obviously don't have a huge amount allocated to their ISPO. They also do not take any income from the ISPO (I.e. you also earn the ada)

Lgb161944681 commented on When Smart contracts?

Specific dates are unknown at the moment. Do you watch the monthly project update named Cardano360, it's on the last Thursday of every month. This Thursday has somewhat been replaced with the Africa Special, although there might be a small update regarding the projects progress. The last Thursday in May will be the next Cardano360