💌Thank you for watching Cardano Community, I really appreciate it! 😇If you'd like to support the channel while earning $ADA, consider delegating with the DAPP stake pool!
It is, there is no other channel covering all the enhancements and offerings that just keep on coming This channel also covers the controversy too, which is important Let's not forget, these videos are done free of charge when the video creator has a full time job and is involved in other things also, yet he finds the time to create these videos It is really really appreciated
I really appreciate the kind words and support Stu! It has been easy, but the awesome community makes it an enjoyable process! Wishing you a happy holiday season. Cheers!
This gentleman gets it, both ideas are a huge improvement, this deserves to be voted on and implemented. My vote preference is number 2, I’m sure the community may have a few tweaks but he has pretty much covered it all!
Yes , we need this as quickly as possible. ..strong decentralization is Cardanos main selling point , a fairer voting system will go down well with the community
Nice concepts. Grüße aus Deutschland. We think about edge cases in germany, so that could actually work:). I will vote for that. The question is, why people that currently have high voting power (much ADA) should vote for that? Besides that: Did you think about giving CNTs also a value for voting? I think that would involve even more active people in the ecosystem. Another Idea would be voting power depending on activity. Even if that can be botted, it indirectly ivolves costs for the person due to transaction costs. Botting could be decreased if trading which leads to certain loss or win count more. Just brainstorming here. Something like that is more complex and can be faked if not integrated properly. i think multiple approaches must be combined.
Grüße aus Deutschland zurück! ;) Thanks for your support! Yeah rewarding voting by a portion of the tresury fund would be also an interesting idea. To increase participation. Good idea. The incentive to vote for a more balanced voting system would be for large entities to keep the integrity and trust of the system. By keeping it democratic and decentralized. Trust will lead to maintaing the value of Cardano over time. Trust is the currency here. Best regards, Robert
@des1re10 Getting ada for participation is contra productive, imo. Especially if it is equal to the amount of ada you hodl. So otherwise you could again create a couple of wallets or you would need to include your "time factor" for that to avoid something like that. Overall an interesting (but by far not an easy) topic. Unfortunately most people are more interested in quick gains. But Cardano community is strong enough to create a good governance. That is/would be a unique selling point similar to bitcoins mining. You could copy the tech, but you cannot copy the community and everything behind. What do you think about my other ideas? Did you thought about that (or similar approaches)?
@@DappCentral Bitcoin Dominance retested the major trendline it has broken at around 60%. Cardano just tested the exact 0.382 fib level. This is also kind of math haha Exciting times ahead for Cardano!
The true power of decentralisation at play here. Members of the community sharing knowledge and ideas to make cardano governance better. Thank you Robert for your proposals! Great interview Farid as always !
can someone tell me why there is never enough liquidity for stable coins on Cardano dexs .... right now there is 8 stable coins on the network ... last crash i wanted to swap some of my coins to stable coins and non of the 8 coins had enough liquidity to allow the swap and I'm not talking about swapping for millions$$$ just few thousands ..that really sucks
What's incredible is the 1 ada = 1 vote issues and lots of other voting mechanisms have been discussed, proposed and challenged in Project Catalyst from Fund 1 back in 2020 when I first joined. The irony is no action was ever taken and so we are still at square 1 four years later. It's very frustrating and maybe a consequence of having no single authority.
Will there be a consideration given to bag holders in lieu of giving up their current voting rights to end one Ada one vote? Will this not decrease the yield that can be harvested from delegating voting rights and investing in Bonds? I fully understand that one Ada one vote is less than ideal...I just hope that the proposed solution is not throwing out the baby with the bathwater.
Voting on urgent proposals can have a shorter cooldown period. Which would make things dynamic. Any parameter could be dynamically adjusted during governance voting process by the community. On normal proposals or application projects you would have a bigger cooldown period, preventing too frequent voting, generating some costs over time, which currently does not exist. Documents need to be peer reviewed. Any edge case would be covered during extensive unit and integration testing. Completely excluding manipulation. Especially everything is traceable, makes verification easy. Thanks for your support.
@@theartofcraft4480 Just in case the formula or algorithm needs to be adjusted. Flexible system design is necessary here, since you have many dynamically changing factors in the system. The community would basically decide if something is urgent and really needs to be changed. :)
💌Thank you for watching Cardano Community, I really appreciate it!
😇If you'd like to support the channel while earning $ADA, consider delegating with the DAPP stake pool!
Best cardano related channel on TH-cam
Thank you Thug! 🙏
It is, there is no other channel covering all the enhancements and offerings that just keep on coming
This channel also covers the controversy too, which is important
Let's not forget, these videos are done free of charge when the video creator has a full time job and is involved in other things also, yet he finds the time to create these videos
It is really really appreciated
I really appreciate the kind words and support Stu! It has been easy, but the awesome community makes it an enjoyable process! Wishing you a happy holiday season. Cheers!
Glad to see the community waking up to this...and more importantly potentially doing something about it.
This gentleman gets it, both ideas are a huge improvement, this deserves to be voted on and implemented.
My vote preference is number 2, I’m sure the community may have a few tweaks but he has pretty much covered it all!
Yes , we need this as quickly as possible. ..strong decentralization is Cardanos main selling point , a fairer voting system will go down well with the community
Thanks Farid, for this very nice interview! Much apprechiated. Hope i can help.
Thanks for joining me Robert! Great chat!
Great Idea!!😊👍🏽
Glad you liked it! Hopefully it can gain some traction! Cheers Shaq
Without DIDs, governance based on wallet voting will remain vulnerable to all kinds of bad outcomes in the long run.
Are you saying that voting must be coupled with identification to avoid the short comings you are mentioning?
Good idea’s Robert 👍
Thank you ;)
Agreed!
Indeed! Happy Holidays Brah!!💯😊🎄👍🏽
Wow this looks great. Such an obvious solution. Just needed someone to do it.
Totally agree! It’s time for a change to see how it impacts our outcomes
Nice concepts. Grüße aus Deutschland. We think about edge cases in germany, so that could actually work:).
I will vote for that. The question is, why people that currently have high voting power (much ADA) should vote for that?
Besides that: Did you think about giving CNTs also a value for voting? I think that would involve even more active people in the ecosystem.
Another Idea would be voting power depending on activity. Even if that can be botted, it indirectly ivolves costs for the person due to transaction costs.
Botting could be decreased if trading which leads to certain loss or win count more. Just brainstorming here. Something like that is more complex and can be faked if not integrated properly.
i think multiple approaches must be combined.
Grüße aus Deutschland zurück! ;)
Thanks for your support!
Yeah rewarding voting by a portion of the tresury fund would be also an interesting idea. To increase participation. Good idea.
The incentive to vote for a more balanced voting system would be for large entities to keep the integrity and trust of the system. By keeping it democratic and decentralized. Trust will lead to maintaing the value of Cardano over time. Trust is the currency here.
Best regards,
Robert
@des1re10 Getting ada for participation is contra productive, imo. Especially if it is equal to the amount of ada you hodl.
So otherwise you could again create a couple of wallets or you would need to include your "time factor" for that to avoid something like that.
Overall an interesting (but by far not an easy) topic. Unfortunately most people are more interested in quick gains.
But Cardano community is strong enough to create a good governance. That is/would be a unique selling point similar to bitcoins mining.
You could copy the tech, but you cannot copy the community and everything behind.
What do you think about my other ideas? Did you thought about that (or similar approaches)?
DCA ADA !
facts; just got a real great buying opportunity with this latest dip
It got bought up super quick!
@@DappCentral Bitcoin Dominance retested the major trendline it has broken at around 60%. Cardano just tested the exact 0.382 fib level. This is also kind of math haha
Exciting times ahead for Cardano!
Yes.
Time for a change! Cheers.
The true power of decentralisation at play here. Members of the community sharing knowledge and ideas to make cardano governance better. Thank you Robert for your proposals! Great interview Farid as always !
You're welcome!
We need this,will keep things balanced and fair
I like this proposal; and I like how cardano is constantly taking the time to make sure this project remains, Decentralized
Option #2
can someone tell me why there is never enough liquidity for stable coins on Cardano dexs .... right now there is 8 stable coins on the network ... last crash i wanted to swap some of my coins to stable coins and non of the 8 coins had enough liquidity to allow the swap and I'm not talking about swapping for millions$$$ just few thousands ..that really sucks
Cardano ADA 🚀🚀🚀
Let's go!
What's incredible is the 1 ada = 1 vote issues and lots of other voting mechanisms have been discussed, proposed and challenged in Project Catalyst from Fund 1 back in 2020 when I first joined. The irony is no action was ever taken and so we are still at square 1 four years later. It's very frustrating and maybe a consequence of having no single authority.
Farid 🤝🏼 always super interesting
I like this idea!!!
Will there be a consideration given to bag holders in lieu of giving up their current voting rights to end one Ada one vote? Will this not decrease the yield that can be harvested from delegating voting rights and investing in Bonds? I fully understand that one Ada one vote is less than ideal...I just hope that the proposed solution is not throwing out the baby with the bathwater.
Great information!
Great 👍 this need to implement soon..thanks ❤cardano
Best conversation ever, thank you for this great content!
Danke Felix ;)
The major issue being, any proposals that go against whale voting can simply be voted down by whales. 😮
How about acumulatlote voting power so if small and new holders don't get the hang of it they can use it laiter on in life..
Very informative.
good vid sir.
How do I vote, people not really knowing how to vote, maybe part of the problem.
🎉🎉🎉🎉
Some of those ideas can be owercomed. also using this vould slow down decision time on cardano and that is not good
Voting on urgent proposals can have a shorter cooldown period. Which would make things dynamic. Any parameter could be dynamically adjusted during governance voting process by the community. On normal proposals or application projects you would have a bigger cooldown period, preventing too frequent voting, generating some costs over time, which currently does not exist.
Documents need to be peer reviewed. Any edge case would be covered during extensive unit and integration testing. Completely excluding manipulation. Especially everything is traceable, makes verification easy.
Thanks for your support.
@@des1re10 so there would be voting on significance of voting :D damn not annoying at all :D
@@theartofcraft4480 Just in case the formula or algorithm needs to be adjusted. Flexible system design is necessary here, since you have many dynamically changing factors in the system.
The community would basically decide if something is urgent and really needs to be changed. :)
Ada ❤
Cool.
So hyped for XAI105K’s potential. Every dip feels like a gift. Stacking up every chance I get.
Very complicated and hard to understand voting system. 1 ada 1 vote is the best way to go. Just make the voting process more simple and accessible
He pit in 2 days of work chatting with chat gpt
And says we all could do that and we would get exactly what we need and want thats what he's saying
,👍
I am the biggest whale 🐳 when it comes to being a proud ADAnationalists. I am always happy to salute 🫡 !
Yes.