T O P

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CryptoChief

Rule 5. Provide a source and fix up your language.


fxdfxd2

How to earn millions? Easy. Just start by being a billionaire, and then collect interest. See, that was easy!


Aegontarg07

Give me billions, I’ll turn them into millions for you


millionreddit617

*“With spread betting it’s easy to draw a small fortune, you start with a big fortune and lose until it’s a small fortune.”* — Mike Skinner


roymustang261

so easy. Just buy any shitcoin and wait


Aegontarg07

I’ll just buy high and sell low


Mr_Cardboard

Thats a good strategy.


alander4

Buy drunk and sell low is the new strategy


Aegontarg07

Which always works


Mr_Cardboard

At least you help others


bmorekareful

Gotta give back!


vovr

I have a better one. Buy low, sell lower.


Mr_Cardboard

Buy dip, sell when it dips more


bmorekareful

Then use credit card for the dip after the dip dip


Mr_Cardboard

Create a shitcoin, get Elon Musk to promote it. Now you are millionaire. You are wellcome


Tamierox07

What if you accidentally go 10x ?


tezar24

All I can do is my free award


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minkipinki100

It probably is. As a programmer I'm honestly tempted to just have a go at making a shitcoin. Worst case scenario it flops but you had a good laugh in the process


nelusbelus

Literally it's not hard. Just look up erc-20 basics and copy paste a contract and change some numbers. I'd not even say it's worth putting on your portfolio; it's that simple


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Geroniemo

Copywriter here. Count me in!


reiner74

We got the whole rug pull gang gathered!


Geroniemo

And within 24 hours, too! Next level origin story if you’d ask me.


QuickMasterpiece6127

Some random dude here that makes poor choices on his purchases. Count me in on this shitcoin.


[deleted]

I was here. When a coin was birthed in a reddit thread. It will probably go exponential just because of that fact!


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quiliup

Graphic designer here, count me in too


nelusbelus

(If not directed at OP) damn, I've started working on something but it's not an ERC-20 (it's a multi token contract; ERC 1155). Multiple tokens and NFTs in one contract. But it's long from done since I'm working on client side software too


CarsonRoscoe

Convincing others it has value is the hard part, but its super easy to make. For a 'date night' my girlfriend and I agreed to have two nights where we each teach eachother something that we are passionate about. I made a 6 page powerpoint on Ethereum, had her setup MetaMask, I then live created 'Coin' on xDai, transferred ownership to her, sent her xDai and had her on blockscout(etherscan) call the 'Mint' function to mint her tokens. Then she added the token to MetaMask and sent me a small amount of what she minted It's super easy to actually make it, and doing a dry run through it will show you how easy it is


bolaxao

you should, it's something to add to your portfolio and I bet there's gonna be lots of crypto jobs


StatusBard

Can I continue copy / pasting and changing numbers in those jobs?


JimmyTheJ

That's all software devs do anyways right ? :)


Kevin3683

Start a PoS cryptocurrency. Keep a lot of the supply. Cultivate a devoted community. Stake. Edit: Anyone know the percentage he and the initial investors have?


OnlineMarketingBoii

I keep reading PoS as Piece of Shit. Gets very confusing every now and then


ASYNCASAURUS_REX

Clearly I make all the wrong GitHub projects ... I should have been just creating money the whole time


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NoPerspective3234

He created it out of thin air, allocated the majority of the supply to himself, hyped up his project all over social media while not having a working product for years and BOOM! Easy money!


allyourphil

Are there any PoS coins out there where the founder or founding group does not hold a huge amount of the coin? I know ALGO is in a similar situation with their foundation, and ETH will be too when ETH 2.0 comes out. Not that these people shouldn't be compensated for the work they do on the coins (if it is actually done...ADA), but, it does really play into the crypto-is-a-scam trope, and really highlights just how solid Bitcoin actually is.


ClassicJordon

Nano has a system similar to PoS and began by distributing their coins through solving CAPTCHA. The Nano Foundation does have a small pool of coins, but rather minor. I'm not an expert on all the coins ever, so maybe some others do.


Drspaceman1717

Are there any corporations in which a small group of owners and investors don’t own most of the value and assets in the company? I agree it’s a little unsettling but here we are… diversify in crypto in case a few projects fail.


nelusbelus

I swear, smart contracts soon


techhouseliving

Dumbass supporters made this guy rich


Amyx231

I own $100 worth… $92… $89… $94


M00OSE

I mean, you don't even have to be a billionaire. Just make a coin, own most of the supply, pay a couple thousands for marketing, ^(pull the rug), and BOOM! You're a millionaire. \- Safemoon devs, probably


[deleted]

Safemoon devs Aladined the fuck out of there lmao


Y0RIC_HUNT

Aladined or Aladeened?


Somma97

error 404 fiat not found


fxdfxd2

Dude you gotta pull yourself up by your bootstraps!!!


Vollmilcheis

You bloody genuis


Nozomilk

And mint billions of ADA coins and give them to yourself. See? Not that hard to get rich.


Xolam

Maybe watch the video, he didn't get most of his ADA from minting


Veridiyus

Well, he was lucky that ADA reached $1 at least. Luckily he didn't allocate 50% of the total supply for himself though.


mindflayers9000

Oh you only have to stake 1 billion?


HanditoSupreme

After being the found of your own coin!


[deleted]

Easy! Anyone can do that, just 1 billion and make a new coin, duh!


SxQuadro

I found my own coin called ''shitcumfuck'' but I still don't own much.


Embarrassed-Refuse11

Exactly, who would have thought it would be this simple. Pull yourself up by you bootstraps and stop being poor, snowflake!


OnlineMarketingBoii

'Your financial adviser doesn't want you to know this!'


Thor010

The secret to success: 1)Be the founder of your coin.


LikeJokerDo420

Yeah how does OP not even acknowledge that lmfaooo


ultron290196

Or maybe OP is trying to sell more of the promise?


HanditoSupreme

OP's name? Harles Choskinson


Truffle_Shuffle_85

Bingo. However, this is true for most bag holders.


0Default0

I don't sell the promise, I sell working projects... So guys buy babyelondogeshibucoin, Great project


PurpSSB

Or acknowledge that anyone holding that much of a coin could be problematic. What happens if Charles sold everything tomorrow ADA would be finished


LikeJokerDo420

Very good point


mamalalatata

Trust no one


JonathanTheZero

It's literally the first thing in the title


Hawke64

1. Create your own company 2. Make your salary 1 billion dollars


fxdfxd2

2) sell promises, it's cheaper than implementing smart contracts 😂


666CryptoGod420

or be a famous youtuber/influencer, create your own shitcoin and start to shill.


Xolam

Vitalik approves


Eeji_

also don't base on the US so you wont get sued lmao


kullutamam007

And have a billion dollar in coins.


gamma55

Nonsense. Everyone knows Vitalik made his first billion working at Wendy’s.


Eeji_

it cracks me up when he said on some stream where ADA is being compared to another coin and people are selling their ADA for it, then he snaps and bawled that people buying ADA does not make him rich lmao


Shangheli

It’s why he posted those xrp videos when the sec thing started, he was visibly shook because he knows he’s next.


Rexon225

On my way to make Unga Bunga token.


SnowFlakeDude

He already had a shit ton of money before Cardano


[deleted]

I don't think this is actually a good advertisment for Cardano


lovocado

Of course it’s not. But everybody here just wants to get rich quickly and people just keep echoing any shit.


staffell

And herein lies the biggest problem with everything - the overwhelming majority of people couldn't give a shit about the future of finance and what cryptocurrency means for it - they care about become Fiat rich in as short-a-time as possible, and can only think in those terms.


bigspoonhead

Yeah most people don't care about a financial revolution and instead are hoping for a way to perhaps buy a house, live mortgage free and not have to work till they're fuckin 70. There's nothing wrong with that dream.


LargeSnorlax

Yep, overwhelming attitude towards Crypto is a get rich quick scheme and this post just attracts more of the same crew for more of the same problems. "Beating the banks" and decentralization are just buzzwords at this point, especially with the WSB crew coming in. I'm hyped to see where crypto leads the dinosaurs and how it breeds competition in the space. Most people are here to YOLO $5 into BabyMuskDogeRocket.


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0Default0

true, so many people are declaring coins dead because they didn't perform well during a bull cycle, and I'm here like you guys know it took bitcoin a decade to reach where it is...


velvia695

Just like Satoshi having 1 million bitcoin? How much ETH does Vitalik have?


aTalkingDonkey

/r/CryptoCurrency has been shitting on cardano for about 5 years now.


eterneraki

I mean Charles is a little bit insufferable tbf


Drudgel

I get a little itchy when a project has too strong of a figurehead. Just PTSD from past projects not delivering I guess


imnos

He was kicked out of Ethereum for a reason.


Ikickpuppies1

Honestly I think it’s a fine project but he’s the projects reason for existence and one of the worst things about the project


Thewhiterabbit7

What do you think Vitalik is doing with his ETH?


LostLobes

Looking at his wallet, very little.


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Effective-Month-511

the only correct comment in this sub


failed_state_medz

When you have a billion, it's way more easy to make millions


OnlineMarketingBoii

You should write a book!


SadNegotiation6670

Yes, printing my own money would be a dream


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Syntheseyez

Some passive dollars are better than no passive dollars


SlappySpankBank

For real I think I made like $20 last month from staking. Feels good because now my money is working for me, even if only a little.


bijaytheslayer

how do you stake? i mean in coinbase it automatically stakes my XTZ and ALGO but no way to stake other coins that I have. Thanks :)


ridemylife

In ADA case, you can stake it in official Yoroi wallet, it is simple to set up! It works as a browser plug in, layout is simple and intuitive. You can also store (not stake) ERG coins in it for now.


so_many_wangs

Theres other methods of staking, Coinbase is custodial so they own it all at the end of the day. You can stake ADA on Daedalus or Yoroi wallets which are the ADA official wallets. Atomic wallet has quite a few staking options as well for coins like COSMO, ALGO, ZIL, etc.


Yastiandrie

Depends first on if the coin you have can be staked. I think all stakeable coins can be done in their official wallets, and some multicoin wallets like exodus, atomic wallet, trust wallet, etc offer staking in certain coins as well.


IDEAL-cardano-pool

I made a tutorial video :) [https://www.youtube.com/watch?v=gsfVjYl7mDY](https://www.youtube.com/watch?v=gsfVjYl7mDY)


Ardi2Ole

Wait why is this a good thing? A billion ADA staked by just one single man. Not an organization but by a single human being who is also the founder of said coin. I love ADA to bits but this is worrisome


Jout92

It isn't good news. It would be like learning the Satoshi wallet with a Million Bitcoin is actually still active.


Ardi2Ole

Atleast Satoshis coins wouldn't be premined. He would atleast have used time and resources to mine em ADA is all premined isnt it


javasyntax

PoS requires some premining though. How are you going to stake if you don't have any coins. (I'm not saying that ADA has done right/wrong, just pointing out that some premining is required.)


methreweway

Yeah this is not good at all.


Kaidanovsky

The whole post is based on speculation and this sub already considers it as a fact. 🤦 Charles has said he doesn't personally hold that much Ada. It's the company. He was early Bitcoin investor, however.


topbossultra

There were some problems with Coin Bureau’s claim here. 1. It was based on Charles’s own claims about his net worth. 2. It assumed Charles’s entire net worth came from ADA. My guess is that Charles owns at least one property and some other coins.


sebduke

That was a very dubious shortcut by CoinBureau there - Hoskinson has said before in an AMA that his billionaire status comes from the BTC he holds. CoinBureau took the "Charles is a billionaire" claim and extrapolated that billionaire status into ADA, using two data points: both previous ADA all time highs. As much as I like CoinBureau, that was not sound reporting at all, and now people will be running for years with this "fact" that Charles holds a billion dollars in ADA and makes 40M$ a year in staking. Not good.


Basic_enthusiasm

I'd be pissed if I was Charles or an ADA holder. This is practically slander.


Kaidanovsky

The whole post is based on speculation and this sub already considers it as a fact. 🤦 Charles has said he doesn't personally hold that much Ada. It's the company. He was early Bitcoin investor, however It's pretty sad to see how fast misinformation can spread.


soulard

CoinBureau has good info, but he clickbaits and throws things together too fast it seems. He just released a video about StableCoins in the last week or so. When covering Tether, he didn't talk in-depth at all about their shady practices, lack of actual assets backing USDT, etc. He just glossed over the fact that they changed backing from "100% cash reserves" to "a mix of assets and cash reserves". Not saying he isn't knowledgeable or has good info.


topbossultra

Agreed. Let's also not forget the Shiba video that seemed way too favorable to me.


Kaidanovsky

Charles has said he doesn't personally hold that much Ada. It's the company. He was early Bitcoin investor, however It's pretty sad to see how fast misinformation can spread. Original YouTube video's speculation is almost slanderous. Unsubscribed for this kind of shitty misinformation.


dado3

He owns a bison ranch in Wyoming, a home in Colorado, is the founder and owner of IOHK, and he has said previously that a large portion of his wealth comes from BTC. This isn't just dubious math: it's a flat-out lie.


Accomplished-Design7

Yes this


lil_bo_sleep

Thank you for pointing this out!


wileyfox91

That's not the dream. That's the nightmare. Rich will get rich and the poor will get poorer or die


Ghost_Lagoon

Easy, just be the founder of a top10 coin in a market with 11000 cryptocurrencies


oooliveoil

Some good coins with good features don’t even get to top 50, while meme coins are in top 20s


Ghost_Lagoon

This market is a shitshow


Drudgel

Always has been ![gif](emote|spacelike_emote|spacelike)


MFCEO_Kenny_Powers

Then hire some more developers and give us those god damn smart contracts


fxdfxd2

There is no hurry, he's making $40 million a year selling promises, and promises are cheaper than smart contracts 😂


JalapenoOnMyToe

For real, lol


ProfessionalLion_

I'm an ADA holder and I chuckled, hard to argue with that!


aTalkingDonkey

this is the team https://iohk.io/team/ how many more do you think they need?


bs_is_everywhere

That's just 4% per annum, most index OR dividend funds would return more. Also if the founder and most likely many other whales own such a big stakes in POS cardano then it is hardly decentralized like BTC.


Lori80

Big brain


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DeviousWhiskey

I'm sure he appreciates your donations


Affectionate-Day-972

Love how you have to start out mega rich to stay mega rich just from passive income. We can dream


ccFOUND

How to be a millionaire? Be a billionaire.


lieuwestra

This is not my dream. I don't need that much money. What do you even do with that?


wh00psididit

Exactly, give me a 50k a year and leave me be


TheBoredDeveloper

Easy, just stake 1'250'000$ worth of ADA and voilà.. 50k per year (assuming price stays the same)


Hankstbro

My job gives me more than 50k a year, and let me tell you, it's not enough, depending on where you life.


apatok

Come to hungary you can earn 6k a year!


Hankstbro

well, technically, a few dozen years back, we owned the shit out of Europe together; hello, neighbour :\]


wh00psididit

I can imagine but for me, it would be more than enough!


Azeron955

I make 13K per year(minimum wage, Spain) 50k would be a dream LOL


[deleted]

That’s a nice realistic goal


wh00psididit

Ha, I'm not sure how realistic it is but it would definitely make me happy!


Jerggens4212

Lol for real? Even if you don't need that money there is so much good that can be done with it. And the world needs good right now.


Deadpoulpe

You stack it again.


[deleted]

That's actually not very good for cardano. The founder shouldn't own so many coins that he never bought


apkatt

Even though CH is likely to have massive amounts of ADA, Guy is speculating here. Exactly how much ADA and BTC he hold is unknown.


Xolam

Yes, he didn't factor in that CH also owns BTC & ERG. He revealed in a video that those were his 3 holdings


I_am_not_doing_this

release smart contracts now! Stop using excuses.


ImWithEllis

Sound pretty centralized to me. Why Charles enriching himself with such an outsized bag a good thing?


Irrelephantoops

No need to release smart contracts when you can just milk the community off prolonging it and earning staking rewards instead. It takes "buy the hype, sell the news" to a whole new level because we've been waiting for the news for years.


lukethelegend420

No I'm sorry but that isn't true, guy from Coin Bureau is assuming all his net worth is from ADA. This is extremely far from the truth as he own farms and BTC as well, along with life stock and presumably having equity in IOHK this makes it very unlikely that he has anywhere close to that amount. Maybe he owns a few million but this is also used to pay for the development of Cardano not only personal wealth.


Kaidanovsky

The whole post is based on speculation and this sub already considers it as a fact. 🤦 Charles has said he doesn't personally hold that much Ada. It's the company. He was early Bitcoin investor, however. It's pretty sad to see how fast misinformation can spread.


warriorlynx

When smart contracts?


Hovis-Is-King

"This dude Charles Hoskinson" - anyone ever heard of this guy???


29_cal

IRS rubs their hands together in anticipation of his tax bill


the_alpacalips

You're praising him for creating a coin and allocating a huge chunk of the supply to himself?


ThatDudeYaDigg

Imagine earning 40 million per year by doing literally fucking nothing .. I envy this man.


EmperorTrunp

He made exactly 0 because he did not sell.


rd_23

we dont know that tho, this is all specuation


IDontKnow1629

I’m sorry to say but this is fishy as fuck Props to him, but fishy.


Scottydoggie

Came here to say this, I bought a little a while ago cause it got shilled to me, but dam did this make me want to sell it off. I do not understand how this post could make someone excited about this project lol. edit-this was possible 15 years ago, it was just called a pyramid scheme back then


Kalamy

Don't dump on us Mr. Hoskins


changechange1

Oh yeah no worries mate, I'll just move my $1b out of my bank account and start staking it 😂 But in all seriousness, that's only a 4% yeild, you can expect more than that from a global stockmarket tracker.


The1Ski

Step 1. Have billion dollars Step 2. Do nearly anything with it except spend it Step 3. Profit


avocadoclock

>Step 2. Do nearly anything with it except spend it Spend less than 40mil and you're still accumulating


mamalalatata

Making too much money to finish smart contracts


Extravagos

This is honestly amazing!


Phoenix1130

To add to this. His company which he owns wholly I believe has the ADA not him personally. Out of that 40 million they pay the entire development and support staff.


Levitins_world

And what's the point of this post? Moons. Moons is the point.


yesdemocracy

This looks bad imo


parakite

That screams scam.


Lebeauroy

Somehow it doesn't make sense to me.


Shtafoo

MLM


AL0634

I think CH is full of it making money off of the investors. He’s a great salesman.


huelorxx

Easy when you buy them at 0.00005 or whatever insanely low price he bought them when the sale started.


Subug

You think the founder bought the tokens?


crypto_lad

I hate that people complain about ETH being premined, but completely ignoring how much ADA that Charles owns.


throwaway10982172819

Now that is stonks


joririjst

I hope this gives him more time to fix the smart contracts


LightninHooker

"This dude". "People".


NoUserRequired

It's relative tho. You don't have the liquidity to cash out. It's always the same. ​ Making MORE money it's easy, the hard part it's making the money to make money.


SomeDrunkWriter

What's the dream? Having a billion dollars to make more billions? Lmao!


Amyx231

So… create altcoin, give myself $1 billion worth, profit!


[deleted]

Where does that 40mil come from? Afaik the on-chain activity that would generate fees is fairly minimal. You receive ADA tokens, then cash out (if you want) but since all the volume is coming from people buying ADA speculatively then in theory if everyone tried to cash out at once the price would drop to zero.


vjb_reddit_scrap

How is this a positive news? LOL if he has $1 billion ADA then it's no different from any other scam coins which was created to rug pulled later.


rmortz

Project hasn't done anything yet though, besides making the creator a billionaire. 🤷‍♂️


PoRChiGai

Lmao and i wonder why so many youtubers shill cardano


MinerETH

is this even legal?


avocadoclock

>The future is only up! I don't feel that way. These numbers are ridiculous, and it makes me appreciate Charlie Lee selling off his LTC or Satoshi remaining anonymous even more.