/biz/ - Business & Finance

>>25148071
>Creating decentralized networks are hard
you're right, it's really really really hard
which is why it's unlikely that Ethereum's half-assed approach will succeed
they should have spent the necessary time to do it right the first time

>>25148086
>most used blockchain in the world
>1 million users at *most*
hahahahaha
far less, as people often have multiple wallets (I have 6)

not to mention, we're all power-user investors here
most people aren't loyal to platforms

>we haven't even seen this thing fucking working
if you had any understanding of the tech, it'd be obvious

Cardano is the titanium spear perfectly engineered to destroy the lumbering Ethereum elephant

>>25148483
>high transaction fees = high demand
high demand relative to their teeny tiny capacity
Ethereum *should* be able to scale horizontally to lower fees,
unfortunately, it can't

>Eth 2.0 rapidly approaching
more than 2 years away,
hardly rapid

even if ETH2 launches flawlessly,
the tech pales in comparison to Cardano

>most developers
of any blockchain, sure
but 99.5% of developers are *not* building for any blockchain yet

as for the tiny pond of developers on Ethereum,
Cardano's KEVM framework allows them to build for both platforms at once
(at which point, they'll see which one is superior)

>(2m ETH locked)
pathetically low participation (not even 2%)
shows people are not confident enough to lock their ETH,
or are waiting to dump for better projects this cycle

>Layer 2 gaining traction
laughable
nobody is using state channels, plasma or rollups
sharding is a tangled mess
and you can't build a solid L2 ecosystem on top of quicksand

L1 needs to scale alongside L2,
and even Vitalik says that'll take years

>DeFi locking up billions in value
>WBTC, running on ETH, has a top 15 market cap
so what?
cross-chain technology is rapidly improving,
liquidity can easily shift to better platforms

>Want me to continue?!
please do!
I hope that wasn't the best you have

>>25124583
I used to think the same way OP,
had a $200k inheritance and wanted to stretch it for years
eventually realized i was being lazy and short sighted

don't put the cash in a bank,
the interest rate will be far smaller than the spending power you lose
(inflation is a slow, silent killer, and much worse than most people realize)

instead of burning through that money in a decade or two,
the $300k should be invested well
you could reach single to double digit millions this decade

crypto is a great choice,
few people understand it, so the risk/reward is fantastic
(just don't gamble on random shitcoins, do the necessary reading)

mainstream investments are good too,
just expect it to take a lot longer

460k stack here,
Cardano is crazily underrated

the only arguments you ever see against it are
>no smart contracts yet!
>ethereum too big!
all it takes is a few high quality dapps to kick-off a cascade of adoption
and there's $tens of millions in funding just waiting to be deployed

industry titans want to use the best tech available
nobody gives a shit who was "first!!!"

Cardano
>provably secure
>built with scalability and efficiency in mind
>decentralized governance
>treasury to ensure long term funding of protocol and projects
>user friendly staking (already has massive participation)
>formal commercial adoption strategy

>>25082494
image is photoshopped,
notice how the paper and his hand are completely unlit
despite all the lights above

on another note,
buy Cardano / ADA

>>25041938
>ETH's first mover advantage might have propped it up and out of reach
you didn't address any of the things i said that differentiate blockchains from operating systems
>less friction in using multiple chains at once
>less friction in developing for multiple chains at once
plus, blockchains don't require a distribution network
whereas people expect their laptop or phone to come prepackaged with an OS, and never change it

OS security is also an abstract issue to 99% of users
people are 'fine' with mostly-harmless malware and data leaks,
those aren't enough to inspire a mass exodus

blockchain security is entirely different,
we're talking about money and property, not mostly-worthless data
institutions won't be comfortable placing $trillions of value onto platforms that aren't even provably secure
"it's mostly working so far" won't cut it

even if there aren't any (more) major exploits,
Ethereum is so fragile, developers are forced to move extremely slowly
whereas Cardano is modular and the security of each component is well understood
allowing secure, but rapid development

you also have to consider Ethereum's primary scaling approach: sharding and rollups
cross-shard/cross-rollup communication necessitates the development of fast/cheap/secure bridges

right now a dapp built solely on Ethereum has a better UX than a dapp bridged between Ethereum and other chains
but once Ethereum dapps have to communicate across multiple shards/rollups, the experience will be the same

we've already seen a willingness to explore multiple chains at once
>Chainlink on almost every platform
>USDT on EOS, Tron, Algorand and Bitcoin Cash
>USDC on Algorand and Solana
>Bondly on Polkadot, Cardano and Tron
>Band Protocol on Polkadot and Cosmos
this will only increase as cross-chain capabilities improve

there's no reason for users not to use multi-chain wallets,
and wallet developers will want to catch as many users as they can
(it's trivial to add more platforms to your wallet)

>Ouroboros proof of stake - formally verified and provably secure
>inspired much of Polkadot's BABE consensus mechanism

>frictionless/user-friendly staking - no slashing lockup or minimum stake

>Plutus - functional programming language (similar to Haskell / written by some of it's creators)
>Cardano team has deep understanding of Ethereum infrastructure, from their work on ETH/ETC node clients (ex: Mantis)

>governance-as-a-service for projects inside/outside Cardano

>digital identity/credential standard (Atala PRISM)
>product authentication standard (Atala SCAN)
>supply chain provenance standard (Atala TRACE)
>meta-data standard

>consistently transparent with their technology and product updates
>one of the largest communities in crypto

>formal commercial adoption strategies
>focus on developing nations - fastest growing economies, youngest demographics and the strongest need for crypto
>MoUs with governments of Ethiopia, Mongolia and Georgia

>collaborated with New Balance to provide authentication
>working closely with SingularityNet / Ben Goertzel (the genius behind 'Sophia the Robot')
>most crypto influencers speak positively of Cardano