You cannot tell (as it depends on), always those who lost the fork battle (longest chain wins always).
iiL497493217 activity
iiL497493217 commented on So to conclude there is a chance that the max supply could be altered if the community vote passes by 51%?
There is a chance that the earth will disappear in 2 hours.
iiL497493217 commented on thought the main net is confirmed on 29th?
It does not matter. @cardanoinvestor just see the 2nd june, 2nd june, 2nd June, and not the officially announced 29th of June (unless it is postponed due some critical blocker bug). I hate negligence driven ignorance.
iiL497493217 commented on So the contract will buy it at minimum price anyway? But I thought you can't burn it when the reserve is below 400%? Also, where do all the fees come from?
It depends on, but yes the minimum is the defined min price of the Shen. What fees? You meant the gain from burning and selling Shen, of fees that COTI fill take for any burn/mint?
iiL497493217 commented on So shen is not decentralised?
It is decentralised but its price (as a form of ADA) is always calculated based on the ADA's exchange rate, the current reserve, minted stable coins, number of current reserve coins (Shen) etc.
iiL497493217 commented on Let's say I have no access to banking, for example I live in Africa. I want to build stable savings. Why would I choose an "algorithmic" "stablecoin" that is risky, over a stablecoin backed by USD?
Diversity is the key. You even should put your savings in a bank. Bank run remember?
iiL497493217 commented on My friend, the university can be legit but the human behind it not always. So for example, I want doctor degree from Uni X, i just go and find the best degree dealer and buy from them. For cheap price, they dont even bother to update the real uni database but for expensive one, they can just pay som... Read more
You cannot prevent it anyway, but VCs (not that VCs.:) bit Verified credentials) can satisfy that the institution (issuers) provides the degree to the holder /w specific grades. But, how the verifiers (Companies' etc trust to that institutions is a very different story). Blockchain should not be a database of big data's but like some very small data (signatures, verifier's public keys hashes etc) and the real data should live outside the chains.
iiL497493217 commented on 1.) How and where are transaction fees calculated exactly. Had this post in the forum. https://forum.cardano.org/t/variable-fees-on-cardano/95517?u=heptasean The theoretical maximum transaction fee should be 0.876 ADA, but Daedalus automatically used 1.19 ADA (although he was probably far from the m... Read more
The node2client protocol I created some diagram last year or beforefor general public to understand how it works. https://github.com/ilap/ShelleyStuffs#network-communications
iiL497493217 commented on 1.) How and where are transaction fees calculated exactly. Had this post in the forum. https://forum.cardano.org/t/variable-fees-on-cardano/95517?u=heptasean The theoretical maximum transaction fee should be 0.876 ADA, but Daedalus automatically used 1.19 ADA (although he was probably far from the m... Read more
Fee calculation is tricky as it is like chicken and egg situation, as it is based from the size of tax but a tax must include the fee. That is why Daedalus just overestimated but it was very long ago iirc.
iiL497493217 commented on Okay, but if the documentation was really that good, I should be able to find the answer immediately, shouldn't I?
I feel your frustration, it is not perfect but much much more better than anything from competitors where they can say whatever thy want without any formal proofs to fool ppl. A lot of examples from the past with very tough consequences.
iiL497493217 commented on thoughts on this crtitique?
You have two options. Beleive what anybody says (easy way no effort required) or verify by months of hard learning. All is up to you. Blue pill or red pill the decision is y
iiL497493217 commented on Check theorem 1&2. As we have at least 400% reserve how realistic would be to have ADA dropped for example from 1$ to 0.25 in a couple of hours (market response)?
The risk goes to the reserve coin and not to ADA, these theorems work all together (with incentives) and not individually.
iiL497493217 commented on Best hot wallet for cardano?
I am here from the very-very beggining, but I did not see any.:) But, it depends on your definition of "Best hot wallet", which can be very different from my definition. As always, it's relative and subjective.
iiL497493217 commented on Hello, I have one question, how much will the rewards decrease in the future? is there already a number or plan for this?
Around 20% yearly decay and the rewards would last for around 150yrs.