What do you guys think about COTI? Are the centralisation concerns warranted? Would love to know! Don't forget that you can follow me in my other socials for all the content you are not getting here 👉 guy.coinbureau.com/socials/. You may also be interested in my clips channel for behind the scenes bits ua-cam.com/channels/R93yACeNzxMSk6Y1cHM2pw.html
At 17:10 this is incorrect. Coti has an extensive community of more than 29k members and currently 21 nodes on main net that are validators on the network.
Yep, you are correct. I'm sure he'll clear up a few things from this video that were a bit inaccurate. Guy is all about being as accurate as possible for his audience. He's one you can trust!
People complian about $coti being centralised but imo it’s the best payment infra + good position we could get for today. There will be a better solution but it will take years to implement. Im thinking about $coti as buying a @Visa + @PayPal + @Square stock but much much better.
According to who? The "Ergonauts" on Reddit?!? People invest in a coin then immediately commence with the tribalism. I love this coin, hate that coin. This coin to the moon! That coin sucks. Crypto has definitely attracted some of this newer "influencer" influenced crowd, and it's turning the crypto space into a joke.
@@AlmightyEye let time decide the facts and not some emotional biased opinions online. That said I do think ergo will easily survive the bear market unlike 80% of the shit that’s out there now
Hi Guy, can you please comment on the tweet from COTI CEO that they are actually running 24 nodes instead of one as you mentioned on the video? Would you still concern about their centralization issues?
For the money that is on my visa card, I am really not worried about the level of decentralisation behind that, that never will be. They are the on and off ramp to to fiat. DJed will live on Cardano, that is a different case than the payment channel.
The only way I see to be Coti worthwhile for adding to a portfolio is when they offer a decentralized privacy mechanism. Additionally they need more nodes and especially community nodes need to take part into governance. Two things I don`t really see yet.
find it strange that Cardano implements Coti, since the DeFi aspect always has been important for Huskinson. Does he knows something we dont regarding incoming regulations?
You're content doesn't make sense It's like saying why does Ethereum implement MakerDAO since defi is important to Voltairelik. Cardano doesn't implement Coti which is a different blockchain and project. Djed is an open source algo stable coin protocol, any one is free to implement their version on their platform. If Coti doesn't do it right, hopefully someone will impending it better. Like Ergo, who helped created the protocol. ;)
Regulation is coming. If playing in the transaction space better to own the player who's already enforcing kyc rules. They will be moles ahead of others.
It's built under Cardano blockchain so that's kind of a big deal, since it's one of the only stablecoin under ADA blockchain and COTI is the only issuer of DJED. And ADA Cardano was developed by the Ethereum co-founder and developer. So COTI is kind of like Polygon that's under Ethereum as COTI is under ADA blockchain and DJED is like USDC under Ethereum as DJED is under Cardano ADA. And DJED might be way faster and cheaper than all stablecoins currently.
I have never been able to compete with Luna's fans $UST and their lavish comments. But I spoke clearly that it will eventually collapse and I was citing a currency IRON. I'm leaving this comment for the next winter years from now.
@@kiko0o0o0o0 I understand the LUNA related fears. It is also entirely possible that DJED fails. However, the two are a million miles away. I am not really sure why IOHK and COTI ever started referring to DJED as an "algorithmic stablecoin" when in reality it is an overcollateralised stablecoin with another token, SHEN, acting as a certificate for collateral providers to represent the ADA they have tied up. It could end badly but it certainly doesn't have the scary death spiral mechanism that UST had in terms of LUNA. With regard to the analogy the other commenter made, COTI isn't remotely like Polygon. Polygon, of course, runs ON the Ethereum blockchain, whereas COTI has it's own network (since this video, now a multi-DAG layer 1 in its own right) and simply operates DJED on Cardano's behalf.
@@benjamin9615 , Ada is the most decentralized among the coins you mentioned and it will get more decentralized once Cardano based dapps and defi start rolling out .
I was concerned when Cardano signed Coti but it is a pragmatic approach. Coti is a seamless bridge from the centralized world to the decentralized Cardano world for the masses as well as corporations. As long as Cardano stays decentralized and have all the facilities to protect privacy if one chooses. There is no point in having a decentralized platform if you can't onboard users.
Thanks for another information packed video. Until the last third of the video, I was getting excited for a new gem. But fully centralized blockchain is a big no-go. Thanks für going through the info and presenting it in an easily digestable way
@@LaserGuidedLoogie coti has no control over the Cardano block chain. Once djed is launched it's running on its own with only a fraction of fees flowing to the coti network. The whole point of making djed truly algorithmic is to cut out the middleman. Read the white paper.
Maybe I’m missing something, but you are required to provide kyc. Additionally if you transact with anyone the trust system deems as untrustworthy then it brings your score down. This seems like a dystopian nightmare and everything that is opposite of the values of crypto
I don't consider his time at Bank of Israel as a positive. All of the rules, restrictions, tech, architecture, conditions and, tokenomics all make sense when you look at founders and backers.
@@alexunlv If they reward and penalize you for who you transact with, that is Orwellian as it gets, just like China's social credit score. This is something we must adamantly and completely reject.
@nosten The part where COTI rewards or penalizes you depending on who you transact with is even more concerning. Hard pass on any social credit (anti-freedom) system.
I've done a lot of research on this project and have similar concerns. On one hand, their affiliation to the Cardano network has the potential for mainstream adoption and rapid price appreciation, however, I'm equally concerned they're vulnerable to be replaced over the long-haul. This is a trade than could turn into an investment... the former seems more probable than the latter at this stage. Thanks for the video!
$COTI: First and most important, AFAK there are 24 mainnet (mostly full nodes) plus 13 testnet nodes. It doesn't have just 1 full node and is more decentralized than some DPoS and other networks.
Just have to say "Djed" is possibly the worst name they could have come up with for a stable coin (or anything else). Rolls off the tongue like a cube-shaped crate.
You could call it AgeUSD. I understand why they renamed it to Djed, the "USD" part give it impression it's just a usd pegged token but the protocol allows it so you can peg it anything else.
@@sndrcve well like all things on the internet.. its very important to get your information from multiple sources and cross check them all.. but that doesn't mean this information can't be relevant..
Did you intentionally lie or are you just that bad at your job? Lies/misinfo 1. Number of nodes is not 1 centralized node 2. The Trustchain is not remotely like Chinese credit system in any sense 3. Treasury 2 is not anything like staking 3.0 4. You do not have to KYC unless you want to use viper wallet (your choice). 5. There are over 200k unique viper wallet users not 10k How do you have a full time staff and either get it this wrong or are you just lying?
Not a fan of the possible centralization and blackrocks involvement. However, the large institutions are going to figure out a way to get their slice of the crypto pie and coti seems to be making all the right moves to capitalize on the popularity of Cardano while appeaseing the large financial institutions. It also has a smaller circulating supply so if it ever takes off it could make some big money.
I was interested in COTI but after this video, I think I'll give it a pass, I'll wait for other alternatives to come out on Cardano that are more decentralised and less invasive.
$COTI: First and most important, AFAK there are 24 mainnet (mostly full nodes) plus 13 testnet nodes. It doesn't have just 1 full node and is more decentralized than some DPoS and other networks.
What do you guys think about COTI? Are the centralisation concerns warranted? Would love to know! Don't forget that you can follow me in my other socials for all the content you are not getting here 👉 guy.coinbureau.com/socials/. You may also be interested in my clips channel for behind the scenes bits ua-cam.com/channels/R93yACeNzxMSk6Y1cHM2pw.html
Analysis of ELON's Dogelon.
ELON has very High Potential surpassing Shiba Inu
Guy can you make a topic on crypto mining on mobile phones is it really that possible? Its flooding in youtube
Is EOS dead , plz guide me , I am stuck
Do a video on Algorand DeFi ecosystem.
Please do one more video on BAT
Sometimes Guy,I look at these older videos and realize how lucky we are to have this information for free…never stop.
Watched the entire video.....BOUGHT MORE COTI 😎
I got more in COTI than any other coin
I am going all in on it with the remaning of the crypto investment slice for this bull run.
Wth would you do that?
Yup
Yeah I watched too and sold all my coti. Fuk this centralized shiat.
hate it or love it, if ada goes up in value and sticks with coti, coti as well will be going up in value
And much more. Because market cap.....
The KYC element is a turn off, I hope this will be true for others. Profit is not the be all and end all. Remember this.
@@sagenose1082 u dnt need kyc to purchase token. Only for coti viper wallet..also coti system is decentralized not centralized as informed here.
@@sagenose1082 Actually, it is.
@@bertdog7639 that is a sad existence
COTI adds more nodes and stakers as the traffic increases.
One of the few channels left that is not a sellout. Really appreciate the work done on this channel.
At 17:10 this is incorrect. Coti has an extensive community of more than 29k members and currently 21 nodes on main net that are validators on the network.
Yep, you are correct. I'm sure he'll clear up a few things from this video that were a bit inaccurate. Guy is all about being as accurate as possible for his audience. He's one you can trust!
@@adpromediasolutions9318
NO---he will not clear thump. He purposely creates FUD and lies quite often on videos. He's done it to ALGO a ton, too!
@@katieocoins7116 exactly you don't rely on youtubers to be honest..... you dyor
Where did you get the infomation that it has 21 main nodes
@@bobdabuilder4075 I think it’s actually more. Check out the COTI YT channel. The CEO has responded to this video
I’m so glad you did COTI! Been DCA it for the last 6 months. A great company with LOTS of potential. Buy before its too late!!
@Pinned by Coin Bureau 🥚
Either you did not watched it till the end or you did not understand it. Or your just whatever greedy maybe or just a complete ass O. . You do you!
@@vank1992 concerns?
nahh, looks like a centralized dystopian shitcoin.
@@oliverdemuth7184 Edit: I take this back. Looks like Guy did not do his research before making this video. Fake news. Coti ftw ❤️
People complian about $coti being centralised but imo it’s the best payment infra + good position we could get for today. There will be a better solution but it will take years to implement. Im thinking about $coti as buying a @Visa + @PayPal + @Square stock but much much better.
Why do you think it would be a visa of the future?
they can't even make a bridge work and you talk about paypal
My $Dash app already works just fine. And no Soviet-style oversight required.
This man gave up a career in rap for us. Respect. 👊
ahahahha top
I just remortgaged my house and put it all on COTI. Thanks for the advice!!
Not good GeForce YT algorithms to put comments like this. I know it's a joke but it can hurt the page
@@blockchainbiker2549 have you also remortgaged your house? Welcome to the COTI club, bruh!
Fascinating review, the comparison to social credit seems apt but I’d be interested to see a rebuttal from COTI.
COTIs response
ua-cam.com/video/dlPmIgJ0tE0/v-deo.html
When will you do an update on Coti, so many things happening in the project ?
Please make a dedicated video on Ergo, it's a massively underrated project right now
Lol no
According to who? The "Ergonauts" on Reddit?!? People invest in a coin then immediately commence with the tribalism. I love this coin, hate that coin. This coin to the moon! That coin sucks. Crypto has definitely attracted some of this newer "influencer" influenced crowd, and it's turning the crypto space into a joke.
@@AlmightyEye let time decide the facts and not some emotional biased opinions online. That said I do think ergo will easily survive the bear market unlike 80% of the shit that’s out there now
@@easterislandhead9579 your reply is so disconnected from my comment that I'm not even going to address it any further than this.
He GUY! Time for a updated version of COTI. A correct one! ;)
I wish you'd cover ERGO soon!
OMG I wish he would too
Lol he is a ethereum maximalist, he will come with a lot of miss infomartion like he did with coti
I wish coinbase would offer ERGO
#COTI is heading to the top 15 buy now or miss out big-time 💎
#STAYCOTI 💎
Hi Guy, can you please comment on the tweet from COTI CEO that they are actually running 24 nodes instead of one as you mentioned on the video? Would you still concern about their centralization issues?
Does the tweet show a map of where the nodes are?
@@TM-fr7gh excellent reply..
Sol is centralized but guy doesn’t seem to mind that.
COTI CEO response to this video
ua-cam.com/video/dlPmIgJ0tE0/v-deo.html
@@sndrcve does the video show a map of where the nodes are?
For the money that is on my visa card, I am really not worried about the level of decentralisation behind that, that never will be. They are the on and off ramp to to fiat. DJed will live on Cardano, that is a different case than the payment channel.
Also coti has 24 full nodes.This Video is messed up with wrong info.
COTI CEO response to this video
ua-cam.com/video/dlPmIgJ0tE0/v-deo.html
COTI and ERGO are going to fly soon !!!
Why ergo? 🤓
Ergo or ErgoDex?
Ergo 😌
Yesss!
We are ready baby!
Any chance of a revised video with the launch of DJED on Cardano next week. Maybe able to correct the errors on the original video.
If Charles Hopkinson chose COTI (who’s smarter than all of us) I’m in!
Yep. Follow the brains.
Sheep. Cardano ain't going anywhere either.
@@simba8665 hater
Hoskinson
No,no so sorry hahah
Thank you for reviewing COTI. I believe in this project since early this year!!
You bloody believe and supports pure manipulation and control???
though he does not :)
@@zigasternad8304 different point of view makes the world goes round. I do my own research. I believe in me.
@@nufatcat You believe in shitcoin
COTI, ERGO AND ADA 🚀🌙
and ADAX.
ADA, ERG, COTI, CKB
and SUNDAE
Meld
Agix
Thanks guy, love how you explain every detail, kudos
The only way I see to be Coti worthwhile for adding to a portfolio is when they offer a decentralized privacy mechanism. Additionally they need more nodes and especially community nodes need to take part into governance. Two things I don`t really see yet.
It just happened
$COTI will reveal its full potential soon, a true hidden dragon 🐉
Dragon that will usher in communist like control over your finance.
The fact it is linked to the nighmarish CCP should make you shudder.
Don't let stupid greed destroy your life
@@cr4yv3n you have link ?
@@myp0h proof ?
@@nhaake you are literally commenting on it, dummy.
I swear Coti went up in value after this video. Lol. I got a big bag been holding it for a while. Got a good feeling about this company
Where did you buy it, I'm not sure how to?
I just put some of my profit from NU to COTI this morning.
I was long NU as well, and had sell limit orders. A boatload of new capital was fun to wake up to.
Congrats guys
find it strange that Cardano implements Coti, since the DeFi aspect always has been important for Huskinson. Does he knows something we dont regarding incoming regulations?
You're content doesn't make sense It's like saying why does Ethereum implement MakerDAO since defi is important to Voltairelik.
Cardano doesn't implement Coti which is a different blockchain and project. Djed is an open source algo stable coin protocol, any one is free to implement their version on their platform.
If Coti doesn't do it right, hopefully someone will impending it better. Like Ergo, who helped created the protocol. ;)
It appears a fair amount to Guy's info is incorrect in this vid it seems
Regulation is coming. If playing in the transaction space better to own the player who's already enforcing kyc rules. They will be moles ahead of others.
COTI actually have 24 nodes
@@sndrcve which can also increase too!
I love how you listen to your subscribers’ demands!!! You are the best!!!!
I look forward to the the rhymes in the beginning. The most informative on youtube. The kids are learning with ease. Keep it up. Appreciate you.
Clash royale world #1st doge coin clan it's me
So djed is just another Algorithmic stablecoin like the dead (UST), more complex = just a more complex end?
It's built under Cardano blockchain so that's kind of a big deal, since it's one of the only stablecoin under ADA blockchain and COTI is the only issuer of DJED. And ADA Cardano was developed by the Ethereum co-founder and developer. So COTI is kind of like Polygon that's under Ethereum as COTI is under ADA blockchain and DJED is like USDC under Ethereum as DJED is under Cardano ADA. And DJED might be way faster and cheaper than all stablecoins currently.
I have never been able to compete with Luna's fans $UST and their lavish comments. But I spoke clearly that it will eventually collapse and I was citing a currency IRON. I'm leaving this comment for the next winter years from now.
@@kiko0o0o0o0
I understand the LUNA related fears. It is also entirely possible that DJED fails. However, the two are a million miles away.
I am not really sure why IOHK and COTI ever started referring to DJED as an "algorithmic stablecoin" when in reality it is an overcollateralised stablecoin with another token, SHEN, acting as a certificate for collateral providers to represent the ADA they have tied up.
It could end badly but it certainly doesn't have the scary death spiral mechanism that UST had in terms of LUNA.
With regard to the analogy the other commenter made, COTI isn't remotely like Polygon. Polygon, of course, runs ON the Ethereum blockchain, whereas COTI has it's own network (since this video, now a multi-DAG layer 1 in its own right) and simply operates DJED on Cardano's behalf.
YESSS!!! Finally! Been waiting for this
That brought way more clarity than I expected :D
Can you please cover ERGO ?
Terra UST only. Thanks for coming to my TED talk
Lol
Let's go ADA!
And this is why you should've watched the video first before making a comment.
@@IMOMENTOI The video could have been about Bitcoin and I would still say let's go ADA!
I wish it would! Thinking of selling the slow fecker.
Ada baby!!!!!!
Nervos Network already has it beat but price
Many valid scary points, even if some info is incorrect. Something doesn’t add up.
can we get a correction video - there's a lot of misunderstood information in here
You are the man Guy, one of a very small handful of people I trust!
Let’s go Brandon 🤙🏼
That intro was epic! :)
Solana’s centralisation dosen’t bother him, yet XRP’s and COTI’s does. Weird standards this guy has.
I haven't found a PoS coin or a DAG that isn't centralised. Bunch of shite has come up in the last few years to feed the moongoons.
@@jdogg5050 So Cardano, Avalanche, Elrond and Tezos are centralised?
Because you don't earn in COTI 🤣😂
@@benjamin9615 , Ada is the most decentralized among the coins you mentioned and it will get more decentralized once Cardano based dapps and defi start rolling out .
Coti has 24 full nodes not one. He has wrong info.
I was concerned when Cardano signed Coti but it is a pragmatic approach. Coti is a seamless bridge from the centralized world to the decentralized Cardano world for the masses as well as corporations. As long as Cardano stays decentralized and have all the facilities to protect privacy if one chooses. There is no point in having a decentralized platform if you can't onboard users.
Mr. FUD Coti is one of the best buys in crypto right now 100%
Thanks Guy! Will follow your lead and hold off buying COTI for now.
Thanks for the video Guy I will be sticking with cardano for now
DYOR maybe fucking sheep? hahaha. Video is wrong..
Hi Guy. Happy birthday 🍾🍻🎁🥳🥳🍰
Thanks for another information packed video.
Until the last third of the video, I was getting excited for a new gem. But fully centralized blockchain is a big no-go.
Thanks für going through the info and presenting it in an easily digestable way
It's not centralised, guy messed up his research...
@@chaoticdanor nah. it is. just because they say it won't be in the future doesn't change the fact it currently is centralized.
Exactly my thoughts. It has put me off of Cardano as well as Coti.
Guys DYOR.
@@LaserGuidedLoogie coti has no control over the Cardano block chain. Once djed is launched it's running on its own with only a fraction of fees flowing to the coti network. The whole point of making djed truly algorithmic is to cut out the middleman. Read the white paper.
Can we get a update on this project?
When will you be correcting all the errors in this video?
Any question to why your the channel to watch? Nope. Concise and to the point. Thanks
Looks like a good project 👍. To bad Guy made a mistake about de centralisation part. 24 full nodes.
It is
Did you watch the conclusion 🙃
@@MrTmll I did, and guy made some mistakes. But im shure hes gonna set it right. 👍
Maybe I’m missing something, but you are required to provide kyc. Additionally if you transact with anyone the trust system deems as untrustworthy then it brings your score down. This seems like a dystopian nightmare and everything that is opposite of the values of crypto
Thanks for all the hard work! I don't like the 1 ADA fee in each direction, I don't like the Centralization or the 3rd party having my data.
hard work? it's a joke 😂🤣
@nosten COTI's own node explorer shows a single full node. The image is right there. Are you that delusional man?
@nosten Prove it.
@nosten but thats straight from the website, you're trusting a tweet over concrete evidence?
@nosten Why should a man lie who runs the entire project? :) Even if there are 27 validators, that's not decentralised enough, not even close.
Give us an ERGO video please, it's much needed.
Nobody cares about ERGO. Pls
I don't consider his time at Bank of Israel as a positive.
All of the rules, restrictions, tech, architecture, conditions and, tokenomics all make sense when you look at founders and backers.
Same
Interesting point. Can you elaborate
Need a Update on COTI🙂
Coti is an effective product and I'm like forward to the growth and outcomes the team will deliver.
NN
Can you do an update on this project please?
I'm a fan of ADA but am completely opposed to centralized control and social incentives/motivators, such as COTI.
It doesn't sound like COTI is intending to centralize. Sounds more like it was an issue of convenience, for now. Still a growing project.
@@alexunlv If they reward and penalize you for who you transact with, that is Orwellian as it gets, just like China's social credit score. This is something we must adamantly and completely reject.
@nosten The part where COTI rewards or penalizes you depending on who you transact with is even more concerning. Hard pass on any social credit (anti-freedom) system.
You could have reached out to COTI for clarification before starting the centralization controversy?
we want an ERGO video
No we don't.
@@AlmightyEye That's funny, because actually we do.
I too am not a fan of centralization. I'm not adding COTI to portfolio, especially when I heard BlackRock is involved.
Well, it seems Guy is completely wrong with his one node argument. It runs on 21 nodes on the moment.
@@Marcus_Rex oh, I'm gonna have to check it for myself then 😃 but anyway, I don't think blackrock is good news.
@@Marcus_Rex even if it was 21 nodes, thats as decentralized as the Binance Smart Chain.
Didn’t understand a word but I’ll throw cash at it
same here :P
i already have put my profit i had from luna classic put into coti because they work with cardano and im a big fan of cardano :)
Thanks for the video. Just bought my first bag of Coti. Looks like a undervalued project.
lol you obviously didn't watch the video then, he clearly recommends not buying it.
@nosten explode is the word! Explode in whose face…
Centralized coins is not a good thing, but think it will be bullish for the price!
Can you please cover ERGO next?
Thanks for the coverage!
I've been waiting for this! Thanks for making this video!
I've been buying Cardano with Tether for 2 months. And I will continue to do it.
I've done a lot of research on this project and have similar concerns. On one hand, their affiliation to the Cardano network has the potential for mainstream adoption and rapid price appreciation, however, I'm equally concerned they're vulnerable to be replaced over the long-haul. This is a trade than could turn into an investment... the former seems more probable than the latter at this stage. Thanks for the video!
$COTI: First and most important, AFAK there are 24 mainnet (mostly full nodes) plus 13 testnet nodes. It doesn't have just 1 full node and is more decentralized than some DPoS and other networks.
With LUNA dead and COTI does not have any more real competitors
@@RebellisSpiritus coti and Luna were in no way competitors. Did you mean djed?
@@mbrunnme luna->ust, coti->djed
@@mbrunnme he meant algo stables.
Always dropping knowledge
Just have to say "Djed" is possibly the worst name they could have come up with for a stable coin (or anything else). Rolls off the tongue like a cube-shaped crate.
But actually the D is almost silent, just a hint at the start. Think Arabic/Hebrew pronunciation.
It's a pillar like symbol in Egyptian hieroglyphs which represents stability. The D is sort of silent
Yes , is like jed (from.jedi) . Is kinda awesome.
You could call it AgeUSD. I understand why they renamed it to Djed, the "USD" part give it impression it's just a usd pegged token but the protocol allows it so you can peg it anything else.
Also sounds a lot like 'degen'
GREAT CONTENT!!! KEEP IT UP!!!! with so much going on in the space its nice to have really good information as a whole! thank you for all you do!
😂
Do you realise how misinformed this video is?
@@sndrcve well like all things on the internet.. its very important to get your information from multiple sources and cross check them all.. but that doesn't mean this information can't be relevant..
@@easternbiker032
COTI CEO response to this video
ua-cam.com/video/dlPmIgJ0tE0/v-deo.html
Dude this info is wrong.
This video explains the price action. The pros outweigh the cons. I'm buying
Do a video on ERGO!
Have a great weekend Guy!! THANK YOU
Everytime he said “DAG” I just hear Brad Pitt’s character off Snatch 😂
U like dags? U know, dags.
It's snatch, not snitch
Coti and djed will be killer
Informative update. Thank you Guy
Hey, you did it! Thank you for reviewing COTI!
Hum ... I agree with you, it looks great, but I think I will give it a miss for now.
Too many unknows
You are wrong the Ceo has 17 nodes in his loft. They don't appear in the map.
pay attention.
And there’s the rub, u aren’t going to get the nod from government and bank unless there is kyc. So why is this better than visa?
Thanks for doing this video. I found it very insightful.
Quality analysis once again from the best Guy on UA-cam.
C O T I 🚀
Can you make analysis of nervous network/ckb?
Love it. One of the best bets right now
Thanks for the insightful research as always. Keep up the good work - subscribed and liked 👍
COTI is a sleeping giant. A very good project 🔥🔥🔥
Where is the best staking for COTI?
Did you intentionally lie or are you just that bad at your job?
Lies/misinfo
1. Number of nodes is not 1 centralized node
2. The Trustchain is not remotely like Chinese credit system in any sense
3. Treasury 2 is not anything like staking 3.0
4. You do not have to KYC unless you want to use viper wallet (your choice).
5. There are over 200k unique viper wallet users not 10k
How do you have a full time staff and either get it this wrong or are you just lying?
Not a fan of the possible centralization and blackrocks involvement. However, the large institutions are going to figure out a way to get their slice of the crypto pie and coti seems to be making all the right moves to capitalize on the popularity of Cardano while appeaseing the large financial institutions. It also has a smaller circulating supply so if it ever takes off it could make some big money.
I was interested in COTI but after this video, I think I'll give it a pass, I'll wait for other alternatives to come out on Cardano that are more decentralised and less invasive.
100%
yeah I just tossed 20 dollars at it but I didn't realize how centralized it was
Something wrong with the audio? Getting slight popping sounds every now in the video and the next one about Algorand.
Or is it just me?
Thank you very much for this video. Another dissecting project. Fantastic! Congrats from Brazil!
But he made bad job this time. Coti will have many full nodes in due process , decentralized..
U lost me a D-JED. Cant even pronounce it properly.
$COTI: First and most important, AFAK there are 24 mainnet (mostly full nodes) plus 13 testnet nodes. It doesn't have just 1 full node and is more decentralized than some DPoS and other networks.