Josephine @ADAjosephineADA Twitter profile

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Josephine

2 years

A #cardano stake pool with 19MM pledge and 0% margin should never offer lower rewards than a pool with 0 pledge. @InputOutputHK , revisit minPoolCost parameter.

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Josephine

@ADAjosephineADA

2 years

Yo @IOHK_Charles I’m often very critical of #cardano and a few particular design choices, specifically minPoolCost. Just know I do this because I deeply care about the network and want it to be its best. I tend to focus on what need fixing over what doesn’t You’ve done a good job

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Josephine

@ADAjosephineADA

2 years

If your #cardano stake pool operator runs more than 1 pool you can guarantee they care about themselves more than they care about you and the other delegators. Consolidated pledge gives better rewards. Split pools gives the operator higher rewards and delegators lower.

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Josephine

@ADAjosephineADA

2 years

This one is to all the early #Cardano YouTube starz. You recognized the network’s incentive model wasn’t working as expected. Instead of using your power to petition a fix, you used your power to exploit it. The damage you caused to $ADA can never be fully cured. But wait 👇

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Josephine

@ADAjosephineADA

2 years

Most of the #Cardano network stopped and needed a reboot earlier today. @F_Gregaard , you can prevent this from happening again by directing the @Cardano_CF to commission a grant for a second node implementation.🕦 $ADA

Josephine

@ADAjosephineADA

2 years

The @Cardano_CF should focus on commissioning a grant(s) to build an alternate #cardano -node implementation(s) with #Rust and/or #Java . By setting up 2 fully pledged private pools they’d generate about 5-6MM #ADA per year ($1.75-2.1MM at todays low price) #decentralized

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Josephine

@ADAjosephineADA

2 years

Yo @CoinDesk , let’s work together on an article about #Cardano .

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Josephine

@ADAjosephineADA

2 years

If you don’t like my method for trying to fix #Cardano , then go do it your own way. Keeping quiet is voting for it to stay broken. You need to speak up. $ADA

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Josephine

@ADAjosephineADA

2 years

#cardano needs more than 1 node client. If the single client has a bug the entire chain is compromised. With each new flavor comes a different company and language, but same underlying function. Redundancy brings resilience. One of you needs to make this.

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Josephine

@ADAjosephineADA

2 years

Remember those times @InputOutputHK blamed their research team for minPoolCost not being removed. Then their research team spoke out and made it clear they didn’t agree with it in the first place and it should at least be lowered.

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Josephine

@ADAjosephineADA

1 year

I got a crazy idea. What if #cardano stake pools with higher $ADA pledge give higher rewards? People will be incentivized to delegate to the highest pledged pools. High pledged pools are the least likely bad actors. @IOHK_Charles , what do you think?

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Josephine

@ADAjosephineADA

2 years

If parameter changes go to a vote, do you think binance, coinbase, exodus, adalite, etc are going to vote against themselves? Putting decentralization to a vote when the network is already dangerously centralized is suicide. @IOHK_Charles #Cardano #ADA #Voltaire

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Josephine

@ADAjosephineADA

2 years

It should alarm everybody that @InputOutputHK advertises that #Cardano has over 3000 stake pools, but they leave K at 500.

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Josephine

@ADAjosephineADA

2 years

#Cardano needs to stop giving great rewards to custodies and wallets staking user’s #ADA . If they don’t put up stake of their own in the system, they should get really bad rewards. This is fundamental to incentivizing stake out of CEXs and other high leverage delegations.

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Josephine

@ADAjosephineADA

2 years

If you were proud of #cardano ’s research first approach, then you should be ashamed of cardano. minPoolCost was not part of any of the research. You won’t find a single mention of it in any @InputOutputHK paper. minPoolCost is the 340 #ADA /epoch fixed fee most all pools charge.

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Josephine

@ADAjosephineADA

2 years

It’s absolutely crazy to me how many #cardano blocks are made by people with almost no stake in the system. Imagine running a warehouse full of bitcoin miners and somebody with a rasPi at home gets more blocks than you.

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Josephine

@ADAjosephineADA

2 years

When a #Cardano stake pool breaks bad and joins in on an attack on the network, they do it knowing they are devaluing their own stake (pledge). If a pool has no #ADA pledge then they have nothing to lose participating in an attack.

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Josephine

@ADAjosephineADA

2 years

Stop upgrading your nodes #Cardano SPOs. Deny @InputOutputHK ’s hard fork until they fix the centralizing network by adjusting parameters.

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Josephine

@ADAjosephineADA

2 years

Pledge is cheap right now; get in while you still can. #CIP74 #CardanoADA

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Josephine

@ADAjosephineADA

2 years

If you are a delegator now and have 10MM+ #ADA you should be running your own #cardano stake pool. You don’t even need to hire out. Go get yourself a ‘linux & bash fundamentals’ book. Using it you can learn all the skills you need to run an effective, profitable stake pool.

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Josephine

@ADAjosephineADA

2 years

Running a #cardano stake pool doesn’t cost 340 ADA/epoch. Infrastructure costs only a small fraction of that. A decent SPO can literally not touch the pool for months while still maintaining perfect performance. Besides setup and infrequent updates, there’s no big time commitment

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Josephine

@ADAjosephineADA

2 years

Adjusting #Cardano ’s parameters and decentralizing block production is as easy as sending an #ADA transaction. Delaying this for years shows me @IOHK_Charles doesn’t want to. 🤔 but why prefer it centralized with this particular small group of pools? That’s a real AMA question

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Josephine

@ADAjosephineADA

2 years

I understand opening more pools to accommodate your popularity among delegators. It’s when you leave open many more pools than you have stake that shows you’re a predator farming minPoolCost. #Cardano #ADA

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Josephine

@ADAjosephineADA

2 years

👀 Find CIP 69? - Set minPoolCost to 0. The most heavily research change to #cardano parameters to date. This CIP comes with a large body of supporting research by some of the worlds leading experts. #ADA #decentralize #community

CIP ? - Set minPoolCost to 0

CIP ??? Set minPoolCost to 0 Robin of Loxley [email protected] Draft Standards 2022-10-17 CC-BY-4.0 Abstract A minPoolCost of 340 ADA/epoch makes popularity the basis for pool desirability,...

forum.cardano.org

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Josephine

@ADAjosephineADA

2 years

DARK private pool is part of the @cardanobloom pool group. Here is DARK and BLOOM withdrawing rewards to the same distribution wallet. 046d536501148cf2bb285b13358b25ee3b3ed789462d2bf1a4633887675f0c84 f3d5cdf5bc9aec91a6019e8551fb50926f32332ad949479d5738c346ae91674c

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Josephine

@ADAjosephineADA

2 years

It was a much nicer time before people started treating their favorite crypto like a religion.

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Josephine

@ADAjosephineADA

2 years

The #Cardano community has been trying to get parameter changes from IOG for over two years to decentralize #ADA stake distribution - strengthen the security of the chain. IOG first said they would, then they said wait, then wait a few more times, now it’s seeming like NO.

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Josephine

@ADAjosephineADA

2 years

My message is clear, but my presentation isn’t great. What can I do better?

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Josephine

@ADAjosephineADA

2 years

I spent the last few hours going through old pre-shelley #cardano research. It honestly made me pretty sad. The theories and equations are so beautifully intuitive. To have it all so impetuously undercut by an eleventh-hour decision is …

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Josephine

@ADAjosephineADA

2 years

Did you know: 46% of #ADA stake has never redelegated 48% of stake hasn’t changed delegation in over a year Only 14% of stake has redelegated in the last 3 months 🤔 #cardano (excluding pool owner & reward wallets)

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Josephine

@ADAjosephineADA

2 years

Let’s face it, people have been kindly asking and suggesting parameter changes for years. It’s gotten us nowhere. We are at the stage where we need to be pointing fingers at the people who are denying progress and get them out of here. A revolt isn’t pretty. #Cardano $ADA

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Josephine

@ADAjosephineADA

2 years

Make no mistake, the founders have been custodians of the #Cardano network since genesis and will be until #Voltaire allows the genesis keys to be destroyed @InputOutputHK @Cardano_CF and @emurgo_io are in charge of setting and modifying system parameters to keep the chain secure

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Josephine

@ADAjosephineADA

1 year

High ups at @InputOutputHK and @Cardano_CF are now aware that certain misrepresentations have been made about #minPoolCost and it’s efficacy on #cardano . I’m expecting Kevin Hammond to resign in the coming weeks followed promptly by a reduction in minPoolCost to 0.

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Josephine

@ADAjosephineADA

2 years

Setting #cardano ’s minPoolCost to 0 requires no code rewrites. All it takes is a transaction signed by @InputOutputHK and @Cardano_CF . It could be effective on-chain within a few weeks. It’s a simple fix for a huge problem.

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Josephine

@ADAjosephineADA

2 years

If you think #Cardano is adequately decentralized right now, you’re wrong. #ADA

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Josephine

@ADAjosephineADA

2 years

Notice, Charles never did address the issues I’ve brought up, like how minPoolCost can be proven to destroy the #Cardano network’s sybille defense, or that the incentive design rationale was junked. He tried to discredit me, not my argument. This should worry investors (YOU).

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Josephine

@ADAjosephineADA

2 years

A lot of people really have trouble conceptualizing how #ADA pledge assures decentralization. Let’s look at some real world examples. EDEN has 30MM total pledge and can only run 5 high-ish pledged pools. 1PCT has 1.6 MM pledge and is running 29 pools.

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Josephine

@ADAjosephineADA

2 years

Because #cardano ’s incentives are backwards, here’s how @binance could gather a majority of #ADA stake and attack the network. This can only happen with a minPoolCost. Removing minPoolCost removes this attack vector. @cz_binance @IOHK_Charles

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Josephine

@ADAjosephineADA

2 years

"The entire point of an MBO and Voltaire is to hand this structure over to the community and let them decide how they want to regulate Cardano." 2/10/22 "The point of Cardano is the Cardano community self-regulates" 7/1/23 - @IOHK_Charles #ContingentStaking $ADA #Cardano

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Josephine

@ADAjosephineADA

2 years

I don’t hate multi-pool operators, I don’t even blame them. They are a symptom, not the problem. minPoolCost is the problem; it incentivizes everybody to open as many #cardano stake pools as possible. Treat the cause, not the symptoms.

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Josephine

@ADAjosephineADA

2 years

K -> 3000, a0 -> 1, minPoolCost -> 0 That’s a 35% reduction in Binance, Exodus, Avengers, Adalite, and most other MAV pools’ rewards. It encourages pool groups to consolidate their pledge into 1 pool, instead of spreading it out. It give more people opportunity to run a pool.

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Josephine

@ADAjosephineADA

2 years

Let’s take a look at how tweaking a0, and K parameters effect #cardano . a0 controls pledge influence, more specifically it determines the disparity between pledge saturated pools and pools with 0 pledge. This is a graph comparing current a0 of 0.3 (black) and a0 of 1.2 (green)

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Josephine

@ADAjosephineADA

2 years

BTW, I never called IOG power-hungry. I’m actually pushing for them to show more power. They’re custodians of the network for the 3+ years from #Shelley to #Voltaire . It’s their responsibility to maintain the network during this time. #Cardano $ADA

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Josephine

@ADAjosephineADA

2 years

The @Cardano_CF should focus on commissioning a grant(s) to build an alternate #cardano -node implementation(s) with #Rust and/or #Java . By setting up 2 fully pledged private pools they’d generate about 5-6MM #ADA per year ($1.75-2.1MM at todays low price) #decentralized

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Josephine

@ADAjosephineADA

2 years

Adjusting parameters isn’t about making certain people happy, it’s about configuring the #Cardano network to be secure and resilient. $ADA

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Josephine

@ADAjosephineADA

2 years

Game theory won’t work if people are given a manipulated set of rules to the game. #Cardano ‘s delegation design overlooked how aggressively adversaries and selfish participants would be distributing falsified rules. @sol3gga @IOHK_Charles

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Josephine

@ADAjosephineADA

2 years

Almost all #cardano SPOs are financially incentivized to misinform delegates about how the reward mechanism works. Sadly, almost all educators are SPOs.

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Josephine

@ADAjosephineADA

2 years

@cardano_whale Yep. Requiring competitive pledge puts constant buy pressure on the market. That’d be a terrific thing right now with prices low.

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Josephine

@ADAjosephineADA

2 years

This is just a reminder that IOG hasn’t published a single paper including minPoolCost and they’re not following the design specification. #Cardano $ADA

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Josephine

@ADAjosephineADA

2 years

Without decentralization #cardano is just a super inefficient database. Skipping over #shelley is skipping THE thing that makes the network worthwhile against a legacy system. #ADA

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Josephine

@ADAjosephineADA

1 year

Building a #cardano themed website is not stake in the network. Making a questionably inaccurate guide or YouTube video is not stake. Building an app that extracts value is not stake. Owning $ADA is the ONLY stake in the network that matters. @Cardano_CF

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Josephine

@ADAjosephineADA

2 years

#Cardano is at a crossroads. Decisions made here and now will determine if the network can succeed or will fail. These decisions are the founder’s alone. #ADA

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Josephine

@ADAjosephineADA

2 years

Only a dummy would be stocking up on a coin that’s becoming more centralized over time driven by misaligned incentives. #cardano has the opportunity to distinguish itself from BTC and ETH, but can’t with a minPoolCost. minPoolCost incentivizes centralization. @IOHK_Charles

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Josephine

@ADAjosephineADA

2 years

#Cardano ’s K (currently set at 500) parameter derives saturation (70 million) from the current supply (35.32 billion). 35.32b —— ≈ 70MM #ADA 500 However, only about 71% of stake is active (delegated to a pool). So there is only enough stake for about 355 pools.

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Josephine

@ADAjosephineADA

2 years

Delegate to ARF1 until it reaches 76MM total stake. That pool will offer the best rewards on the network even when it’s over saturated. That’s the power of pledge. #Cardano #ADA

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Josephine

@ADAjosephineADA

2 years

It costs about $55,000 (32 $ETH) to get the same reward rate as @VitalikButerin . It costs about $28,000,000 (70MM $ADA) to get the same reward rate as @IOHK_Charles .

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Josephine

@ADAjosephineADA

2 years

Stop concerning with conditional staking. @IOHK_Charles made it abundantly clear neither him nor IOG will change anything until after #voltaire . He will never lie to you. #Cardano $ADA.

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Josephine

@ADAjosephineADA

2 years

On 10/15/21 @CardanoStiftung announced their new delegation strategy. On 11/4/21 the 1st of a group of 10 pools was made, each with 2500 pledge and 4% margin. They were all created a couple days apart.

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Josephine

@ADAjosephineADA

2 years

Delegators, why accept this kind of treatment, why accept lower rewards? If you were to pick pools that prioritize YOUR rewards over that of the operator we’d have a MAV (minimum attack vector) above 20’s, we’d have a #decentralized network.

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Josephine

@ADAjosephineADA

1 year

I started this account to determine for myself and everybody who cared whether @InputOutputHK was lying to SPOs when they talked of fixes for the broken incentive scheme. I gave them the benefit of the doubt that they were unaware of the issues minPoolCost presented.

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Josephine

@ADAjosephineADA

2 years

Then @InputOutputHK lied to the #cardano #community again saying they’re working in conjunction with @Cardano_CF and their research team regarding it. This is an IOG board decision, nobody else’s.

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Josephine

@ADAjosephineADA

2 years

More people are recognizing @InputOutputHK and @IOHK_Charles as liars. All people want is the truth. If you treat everybody like idiots, there are only going to be idiots left. That’s the direction of #Cardano . #CardanoADA $ADA

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Josephine

@ADAjosephineADA

2 years

There seems to be a real lack of education brought from a technical level down to the lowest among us. If you made a video 2 years ago nobody is watching it anymore. You gotta be hammering these people every day with the RIGHT message, not ‘delegate to my pool’ #Cardano $ADA

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Josephine

@ADAjosephineADA

2 years

A lot of people are going to look back and think ‘I was so stupid, the writing was on the wall. Why didn’t I listen?’ #CardanoADA #Cardano $ADA

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Josephine

@ADAjosephineADA

2 years

For some people, controlling the narrative is more important than the truth. Stop being a pawn. #Cardano $ADA

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Josephine

@ADAjosephineADA

2 years

1. Fix #cardano ’s incentives problem. 2. Re-educate the #cardano #community . 3. Trigger redelegation event.

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Josephine

@ADAjosephineADA

2 years

Congratulations @CatalystSwarm for receiving @Cardano_CF delegation 4 rounds in a row! Unfortunately, none of your other 9+ pools got delegation this round (that I know of yet). Keep at it, though, integrity is overrated.

Josephine

@ADAjosephineADA

2 years

@CardanoStiftung You’ve delegated to SWARM and QADAO 3 times in a row. They’re owned by the same person who owns at least 8 other pools. More evidence if you’re interested.

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Josephine

@ADAjosephineADA

2 years

#Cardano is a much riskier buy now than it was in 2017. Back then the network had promise (literally promises from Charles and IOG) to be a provably decentralized distributed network.

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Josephine

@ADAjosephineADA

2 years

Your story doesn’t have to end in disgrace. You can still deny your greed and use your powers for good. It’s not too late (but almost) for you to try to fix the network. I’m not going to tag anybody, but you know who these people are. Feel free to tag somebody you think fits.

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Josephine

@ADAjosephineADA

2 years

MAV in the 20s isn’t good enough. There needs to be an upset of #cardano ’s status quo. Is your SPO in favor of a decentralized network? Are you?

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Josephine

@ADAjosephineADA

2 years

RAY stake pool is rated 17th on Daedalus despite only having 1000 $ADA pledge. They should be rated closer to 1350. Daedalus is using real stake when it should not be. Design Specification for Delegation and Incentives in Cardano - 4.3

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Josephine

@ADAjosephineADA

2 years

The people making the most blocks don’t have any stake in the system. The people with the most votes don’t have any stake in the system. This is what the founders have chosen the network to be. Stop listening to marketing and see the writing on the wall. #Cardano #ADA

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Josephine

@ADAjosephineADA

2 years

If there are 100 people in a room and a decision is made that benefits 5 people at the expense of the other 95, that’s the wrong decision. There are people trying to do this now with #cardano . Delegators are the largest #ADA #community .

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Josephine

@ADAjosephineADA

2 years

Just because your ‘leader’ talks shit about other coins doesn’t mean you should share his bias. It’s really bad form and gives people reason to hate you - like they do him. You’re safer and will likely make more money betting on many horses than you will pigeonholing yourself.

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Josephine

@ADAjosephineADA

1 year

Less than 3 million $ADA pledge controls over 51% of stake on the #cardano network.

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Josephine

@ADAjosephineADA

2 years

Before a0 can be raised K needs to be raised. Before K can be raised minPoolCost needs to be 0. #Cardano #ADA

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Josephine

@ADAjosephineADA

2 years

I’m curious why 5 IOHK employees are labeled ‘vacuum labs’ ? Vacuum labs is one of the companies that’s profiting most from #cardano ’s current stagnant parameter set.

Input Output - IOHK

Cascading disruption.

iohk.io

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Josephine

@ADAjosephineADA

2 years

Yes, I started selling #ADA and will continue with tranches in the coming days/weeks. @IOHK_Charles @InputOutputHK gave investors the belief that they would be following a specified roadmap and design specification based on published research. This turned out to be false.

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Josephine

@ADAjosephineADA

1 month

. @IOHK_Charles will continue to lie to you as long as you’re listening. #Cardano devs continually left as they heard what Charles was saying compared to what was real and spoken about in closed meetings.

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Josephine

@ADAjosephineADA

2 years

Removing #cardano ’s minPoolCost does not force SPOs to lower their cost. It gives them the choice.

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Josephine

@ADAjosephineADA

2 years

There is no reason the #CardanoCommunity should accept the founders having ≈17% (premine) control over the network FOREVER. #CardanoADA #Cardano $ADA

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Josephine

@ADAjosephineADA

2 years

Adjusting parameters is required to make pool splitting yield LESS rewards, not more. Be part of the solution, not the problem.

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Josephine

@ADAjosephineADA

2 years

Imagine how much we could have learned about parameter changes and their effects over the last 2 years. Kinda sad to have forfeit all that science. #Cardano $ADA

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Josephine

@ADAjosephineADA

1 year

“How does #Cardano prevent a 51% attack when pools with 0 pledge and a margin fee are offering better $ADA rewards than pools with millions pledged and no margin?” This is the ONLY question @IOHK_Charles should be asked during his AMAs.

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Josephine

@ADAjosephineADA

2 years

I bought a lot of #cardano pre-shelley, after reading @InputOutputHK research papers, design documentation, and advertisements. Imagine my disappointment when they launched a completely different network that included an undocumented parameter called minPoolCost.

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Josephine

@ADAjosephineADA

2 years

minPoolCost is not an add on security feature, it’s a completely different security model. We already have a bunch of research, simulations, and years of real world data showing it’s not working. Removing minPoolCost is a fast, easy, risk free way to decentralize #cardano .

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Josephine

@ADAjosephineADA

2 years

Parameters have been a hot topic in #Cardano since the beginning. Certain parameters (minPoolCost, K, a0) control how $ADA stake is spread between public pools. This is usually the focus of discussions, modifying parameters to get a more fair and secure stake distribution. 1/

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Josephine

@ADAjosephineADA

2 years

Why anon? The message is too important to be sullied with predisposition. What if I’m a 10yr old girl, or an already famous person, or the any other person you least expect? Each of those could distort my message or imply an alternate motive. #decentralized #cardano matters most.

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Josephine

@ADAjosephineADA

2 years

A CIP is in the works for expiring delegation.cert. This will force players to regularly make moves in the ‘staking game’. A move isn’t always a redelegation, but should always be a revaluation. The higher the number moves, the greater the network’s ability to repair itself.

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Josephine

@ADAjosephineADA

2 years

@jackfriks I understand your viewpoint, which many people share. It’s difficult for me to do. Champions don’t focus on the 99 shots they made, but the 1 they missed.

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Josephine

@ADAjosephineADA

2 years

The most successful pool group during #Cardano ’s ITN didn’t have 0 fees, they charged 1% margin - hence the name 1PCT. They continues to gather over a billion $ADA stake on mainnet charging > 0 margin. Why didn’t they race to bottom?

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Josephine

@ADAjosephineADA

18 days

Everything they plan to do on #midnight can be done on a hydra style mini protocol as an L2 on #Cardano . The only reason midnight will be standalone is so @IOHK_Charles can get his 3rd premine. “Partner chain” is advertising.

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Josephine

@ADAjosephineADA

2 years

The entire conditional staking debate is built around hypothetical regulations. Reward sharing scheme (RSS) parameters are here, now, and provably inadequate. Stop being misdirected; focus on real problems. #CardanoADA #Cardano $ADA

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Josephine

@ADAjosephineADA

1 year

I’m leaving, but will leave this account as a historical reference. The best thing for #Cardano is to distance itself from Charles Hoskinson @IOHK_Charles . He has and will continue to lie to you.

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Josephine

@ADAjosephineADA

2 years

#Voltaire won’t be turning over control of #Cardano to the community, it’ll be turning control over to exchanges and wallets. #Shelley was supposed to prevent that.

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Josephine

@ADAjosephineADA

2 years

#cardano #community : minPoolCost is a bad thing! IOG: too bad … CC: please change it IO: wait till after goguen … CC: now please change it IO: wait till SPO call … IO: wait till vasil … IO: make us #decentralized

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Josephine

@ADAjosephineADA

9 months

It would be the ultimate f**k all y’all haters if it were @IOHK_Charles driving up the $ADA price right now with an epic buy back.

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Josephine

@ADAjosephineADA

2 years

If the people in a position to attack #Cardano don’t have any #ADA of their own, what is at stake by attacking the network?

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Josephine

@ADAjosephineADA

2 years

Thanks to #cardano ’s mandatory 340 ada/epoch fixed fee, a pool with 5mil pledge and 0% margin can be less attractive than a pool with 0 pledge 12% margin. @InputOutputHK that’s a bad thing.

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Josephine

@ADAjosephineADA

2 years

#cardano delegation certificates should expire within something like 36 epochs (180 days, 1/2 year). The network is stronger when its participants are engaged and constantly reevaluating pools. #ADA #decentralized #community

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Josephine

@ADAjosephineADA

4 months

Last cycle $ADA hit $3 based on what people thought #Cardano would become - almost entirely based on what @IOHK_Charles was telling people. Most of that turned out to be entirely made up. It’s failure to revisit that price is due to people seeing Cardano for what it is.

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