TFSF is now on Yoroi Wallet! The Free ADA Cardano Stake Pool: Stake your Crypto to support Free Thinking!

[freeADA]

UPDATE: The countdown is at ZERO! Get your Yoroi wallet ready and be ready for Staking with The Free ADA!

The node should be available on Yoroi very soon!

https://thefreeada.com

freeADA is partnering with TFSF to bring a unique opportunity to all the members and supporters of this great Forum! freeADA will be providing a Cardano Stake Pool that will be sourced through The Free Speech Forum in order to further develop grassroots digital infrastructure in support of Freedom of Thought.

What is a Cardano Stake Pool?

Operate a stake pool | cardano.org | Cardano

Become a stake pool operator, earn ada, and contribute to the decentralization of the Cardano network.

cardano.org

What can I do right now?

Purchase some ADA and get ready to Stake for Freedom!

Stay tuned for more!

 

[freeADA]

The freeADA node will be going live tomorrow at 3:00 PM EST for beta testing.

Once the testing is complete, there will be a soft opening of the node for members of The Free Speech Forum prior to public release.

 

[TopHook]

Idk

 

[Rebarcock.]

@freeADA explain this to me like I'm having an extra chromosome day

 

[TopHook]

@freeADA explain this to me like I'm having an extra chromosome day

Explain it to me like im a liberal.

 

[PleasureMoose]

@freeADA explain this to me like I'm having an extra chromosome day

Explain it to me like im a liberal.

I've had this process personally explained to me 3 times and tbh I'm still fucking lost. I guess I'm just gonna die poor

 

[ChicagoFats]

I've had this process personally explained to me 3 times and tbh I'm still fucking lost. I guess I'm just gonna die poor

@freeADA get in here and explain yourself. As long as you promise to make us rich we will listen.

 

[PleasureMoose]

@freeADA get in here and explain yourself. As long as you promise to make us rich we will listen.

@freeADA gonna need you to literally break down every fucking step to this lol

you say "purchase some ADA" like i'm buying milk at the store idk wtf that is

 

[shiv]

Don't quote me on any of this, because I'm not the expert, but we are collaborating with @freeADA to try and build something cool.

ADA is a cryptocurrency in the same way that BTC, ETH, DOGE, etc are all cryptocurrencies.

Cardano is a blockchain network that leverages the digital currency (cryptocurrency) ADA. The general idea of investing in cryptocurrency is that you want to invest in a network that will create value. If you would like to invest in the Cardano project, you would buy ADA.

What is ada? | cardano.org | Cardano

A new type of currency. A new means of transaction. Direct. Secure. From Anywhere. For Everyone.

cardano.org

So you can buy ADA at any crypto exchange and hold it in your account the same way you would hold a stock in your brokerage account

 

[shiv]

The way cardano works is that once you buy ADA, you can choose to move it to a different node. You can look at a node as kind of like a regional bank. You want to put your ADA in a bank that you trust, a bank that you can earn a yield from, and a bank that has principles that you agree with.

freeADA is going to be the "bank" that we at the forum are partnering with. The more people that move their ADA to this bank, the stronger the bank becomes. There is a limit to how much ADA can be held at one bank though, and that is how the network maintains decentralization

 

[shiv]

The way cardano works is that once you buy ADA, you can choose to move it to a different node. You can look at a node as kind of like a regional bank. You want to put your ADA in a bank that you trust, a bank that you can earn a yield from, and a bank that has principles that you agree with.

freeADA is going to be the "bank" that we at the forum are partnering with. The more people that move their ADA to this bank, the stronger the bank becomes. There is a limit to how much ADA can be held at one bank though, and that is how the network maintains decentralization

I'm sure some very simple instructions will be provided that describe how to move your ADA to the freeADA node once it is live.

In general, it as simple is copying the "address" of the bank and hitting a transfer button from your crypto brokerage account

 

[shiv]

Once freeADA has their node established and operating publicly, we at the forum are going to build applications on top of it. For a simple example, think of a TFSF shop that you can buy things from with your ADA

 

[shiv]

Here is the ADA price chart. As of this post, 1 ADA = $1.18

 

[Zgdaf]

This is awesome. What is the payout?

https://static.adapools.org/docs/newbie-ultimate-guide.pdf

Cardano Explorer | ADApools.org

Light version of Cardano explorer

adapools.org

 

[22*43*51]

Thanks John.

Transferred some XLM to ADA.

Waiting further instructions.

 

[Rebarcock.]

This is awesome. What is the payout?

https://static.adapools.org/docs/newbie-ultimate-guide.pdf

Cardano Explorer | ADApools.org

Light version of Cardano explorer

adapools.org

Cliffs? Ill watch tomorrow but I'm driving country roads w myhound now

 

[Edgehollow]

Think I'm getting 5.5% on bittrex. What's ROI here?

 

[Rebarcock.]

Think I'm getting 5.5% on bittrex. What's ROI here?

5.5
[R-0-I]
Not bad
Inflation >90%>
It gets worse



Seriously can you expound on how retards can get a steady 5.5? Can I dep monthly? Do I claim gains as anything else in a market once I cash in? Some of us aren't fucking cryptography majors got dammit
Ty dude

 

[Zgdaf]

Cliffs? Ill watch tomorrow but I'm driving country roads w myhound now

Basically the more of us that stake in this pool, the better odds we get a payout. Staking means that the protocol will randomly ask out pool to confirm blocks being written to the block chain. If your pool is not available, you miss out so you want multiple vms in different data centers running.

I think this is a good idea especially if you HODL long term, there’s no risk as long as you don’t lose your private keys. The ADA you own is delegated to this pool and can be removed.

 

[Rebarcock.]

Basically the more of us that stake in this pool, the better odds we get a payout. Staking means that the protocol will randomly ask out pool to confirm blocks being written to the block chain. If your pool is not available, you miss out so you want multiple vms in different data centers running.

I think this is a good idea especially if you HODL long term, there’s no risk as long as you don’t lose your private keys. The ADA you own is delegated to this pool and can be removed.

Hodl and keys...can you expound? I get a key for access and using but no idea what hodl is. Thanks Zero

 

[Zgdaf]

5.5
[R-0-I]
Not bad
Inflation >90%>
It gets worse



Seriously can you expound on how retards can get a steady 5.5? Can I dep monthly? Do I claim gains as anything else in a market once I cash in? Some of us aren't fucking cryptography majors got dammit
Ty dude

You’ll have to claim the payouts on your taxes each year.
Then If you hold your buys and payouts over a year it’s an asset with 15% capital gains whenever you sell.
It’s your own wallet so you can buy ADA, put in your wallet and delegate to this pool. this can be monthly as long as there’s space in the pool,
OP will need to publish specifics.

 

[Zgdaf]

Hodl and keys...can you expound? I get a key for access and using but no idea what hodl is. Thanks Zero

HODL.. hold on for dear life. So essentially never sell no matter what the swing in prices are. Just by, don’t look at the price for 10 years or longer. Let it accumulate the interest from this pool.
Private keys are part of the encryption which only you know.. if your wallet is on a machine that craps out, then you need these private keys written down somewhere to recover. When you set up the wallet, write down the keys and verify you can recover to a second machine prior to transferring ADA to your wallet.

 

[Rebarcock.]

HODL.. hold on for dear life. So essentially never sell no matter what the swing in prices are. Just by, don’t look at the price for 10 years or longer. Let it accumulate the interest from this pool.
Private keys are part of the encryption which only you know.. if your wallet is on a machine that craps out, then you need these private keys written down somewhere to recover. When you set up the wallet, write down the keys and verify you can recover to a second machine prior to transferring ADA to your wallet.

Thanks man. Lol hodl. How do I acquire a wallet? Am I anonymous? Can I have my name attached if I want it?

 

[Zgdaf]

Thanks man. Lol hodl. How do I acquire a wallet? Am I anonymous? Can I have my name attached if I want it?

Read this guide.

https://static.adapools.org/docs/newbie-ultimate-guide.pdf

I am going to use the hardware wallet below. I have two, size of USB stick drives. I verified they’re setup the same by setting up one hardware wallet, then recovered the second. I then keep one in safety deposit, and one with me.

They are anonymous. You will have a public key that represents your wallet, but no one knows it’s you.. unless disclosed. Then every transaction can be linked to you .

 

[ChicagoFats]

Read this guide.

https://static.adapools.org/docs/newbie-ultimate-guide.pdf

I am going to use the hardware wallet below. I have two, size of USB stick drives. I verified they’re setup the same by setting up one hardware wallet, then recovered the second. I then keep one in safety deposit, and one with me.

They are anonymous. You will have a public key that represents your wallet, but no one knows it’s you.. unless disclosed. Then every transaction can be linked to you .

I also use the Ledger Nano S and it works pretty well. Definitely takes a little getting used to.
Still getting used to managing my different currencies and moving them around but for the most part I think i have the hang of it.

Thanks man. Lol hodl. How do I acquire a wallet? Am I anonymous? Can I have my name attached if I want it?

Below is a link to a "hardware wallet." You will want one of these and will connect it to a computer. One day delivery is available.

Having trouble with the link but you can search it.

 

[Rebarcock.]

I also use the Ledger Nano S and it works pretty well. Definitely takes a little getting used to.
Still getting used to managing my different currencies and moving them around but for the most part I think i have the hang of it.


Below is a link to a "hardware wallet." You will want one of these and will connect it to a computer. One day delivery is available.

Having trouble with the link but you can search it.

View attachment 91175

Thanks Fats

 

[quickfeet]

With a pool starting from scratch I imagine it will take several months before regular rewards start flowing in. From what I'm looking at, it seems like you need to hit about 100k ADA to start converting blocks regularly and around 500k ADA to start getting close to max rewards. I would think about a year to max delegation rewards if they can do a good job getting the word out

The good thing here is we know we will be supporting a good cause, and can trust the people running the node.

 

[22*43*51]

With a pool starting from scratch I imagine it will take several months before regular rewards start flowing in. From what I'm looking at, it seems like you need to hit about 100k ADA to start converting blocks regularly and around 500k ADA to start getting close to max rewards. I would think about a year to max delegation rewards if they can do a good job getting the word out

The good thing here is we know we will be supporting a good cause, and can trust the people running the node.

I'm good for bout tree fiddy.

 

[22*43*51]

 

[shiv]

It’s comin. Making sure the kinks are worked out before going live

 

[freeADA]

Click the link for the countdown to release: https://thefreeada.com

 

[shiv]

@freeADA we better be staking this time next week or I’m banning you from this site

 

[shiv]

As far as I can tell, everything is tracking for a Sunday release

 

[Rebarcock.]

As far as I can tell, everything is tracking for a Sunday release

Link where I should get a wallet please. I'm kind of a dumbass on anything crypto. I'm relying on yall not being

 

[shiv]

Link where I should get a wallet please. I'm kind of a dumbass on anything crypto. I'm relying on yall not being

The Yoroi wallet made by Emergo is going to be the easiest thing. You can download the app on your phone. You will need to buy ADA elsewhere (coinbase is the easiest) and then send it to your Yoroi wallet address. Once the node is live, you should be able to find it on the yoroi app and just click a "Stake Here' button.

I expect @freeADA to provide a set of instructions this weekend, but I am pretty sure that will be the easiest process

 

[freeADA]

The countdown is at ZERO! Get your Yoroi wallet ready and be ready for Staking with The Free ADA!

The node should be available on Yoroi very soon!

 

[ChicagoFats]

Looking for somewhere to stake my ADA .... Can we stake with The Free Speech Forum?

@Croot_Overlord

 

[shiv]

Looking for somewhere to stake my ADA .... Can we stake with The Free Speech Forum?

@Croot_Overlord

Waiting on an update!

 

[Rebarcock.]

The countdown is at ZERO! Get your Yoroi wallet ready and be ready for Staking with The Free ADA!

The node should be available on Yoroi very soon!

Step by step instructions for the tardees please

 

[ChicagoFats]

Step by step instructions for the tardees please

What browser do you use? Google Chrome?