/biz/ - Business & Finance

>>27588268

Shh, don't tell 'em, they still think they're going to 5k.

>>27588360
Eth still has some pump potential but once Cardano gets going it's going to become unstoppable. It will rival BTC for the #1 spot. It's going to be the Facebook to Eth's myspace, and it's going to be the Apple to Bitcoin's Microsoft. It's just a matter of time, glad I bought when I did, my avg. buy in is 7 cents and I'm not selling, I'm 100% staking and earning NEET bux for years to come. I can flip my other bags if i need quick money, my ADA will make me a millionaire.

>>27588268
based

>>27588937
You couldn't explain or mention a single reason why Cardano is better than ETH. Obviously you only want idiots to buy your heavy bags.

>>27588360
ETH will go to 5k this run just in hype alone. But once ADA gets going it’s going to be. Great investment if you got in below 0.50. Unclear on if it’s going to replace ETH, probably not if I had to guess. But everyone should own both at this point.

Cardano is a great project, but never be too sure about it's rise. On the technical side it is a step further than ethereum, but the adaption is what pumps the price longterm. I also like IOTA for the technical side though.

>>27588268
I'm literally all in on Cardano mostly because I believe in it. However my main source of income right now is mining ETH so sometimes I spread fud about Cardano and tell people to stick with ETH even though it's an utter shitcoin. The more broken ethereum is the more money I make mining it. I'm timing my ETH exit strategy to dump all my Graphics cards before they lose their value and the market becomes flooded when ETH dies.

>>27590594
gas fee

>>27590594
It's pretty self evident that gas fees on Eth are unsustainable for starters. It's also self evident that proof of work is inferior to proof of stake. The only thing Eth has right now that something like Cardano is lacking is Smart Contracts, once Goguen is launched it will "curb-stomp" Ethereum. I'm not saying you can't still make some money on Eth hype cycle but as more and more normies storm crypto they will need a better user experience than paying $50+ in fees. We've become used to it as normal because our bags pump and we might be doing 10-20k moves on uniswap so $50 - $100 is not a big deal if you're making 5-6k profits but normies aren't playing at this level yet. They are starting out with $100-200 investment, maybe putting in a small amount from their paychecks. Eventually if they make a few thousand bucks and wanna move into DEFI they're basically locked out unless they're willing to pay stupid fees like what we're seeing today. Once Cardano smart contracts are out by March at the latest we will start to see the great exodus out of ETH and into Cardano. It's just a matter of time, enjoy the ETH pumps, I'm gonna make money with ETH too, but ADA is my forever hold. ETH could see $2-3k maybe even $5k but once they start to bleed users to Cardano the party is going to be over, don't be stuck with heavy ETH bags.

>>27590594

Every thread is always filled with reasons why Cardano is better then ETH but it's clear that if you don't even take the time to DYOR on ETHs biggest competitor that maybe you're not meant to make it.

I've never seen anyone who's looked into Cardano shit on it, that's why I stacked this shit hard at .10 when all biz would do is call it a tranny coin and vaporware.

>>27590964
so how much gas is it going to cost when this shit hits 5k - 500 dollars a pop?

>>27588268
what would cardanos price be if it had the same market cap as eth?

>>27591179
Based, and yes that's when I was here stacking ADA, between 5-10 made all my buys. Every thread was fud, every thread was "s.oy boy Charles", never seen so much hate thrown at an asset while it slowly climbed month to month week to week. It's almost as if they were shorting...... KEK biz is so fucking transparent when you pay attention. Anyway, smart money is buying this recent consolidation above the .41-.42 cent range, or at the very least not selling before $3, or selling ever.

$150 in. Currently puckout out lambo colours tbqh

>>27591321
$5.50 roughly

>>27591538
Kek good job

>>27588268
>ethereum has the most adoption
>multiple scaling solutions in end phases of development with some early versions even on mainnet
>arbitrum
>optimism
>zksync
>starkware
>aztec
>loopring
>dydx rollup
>immutable rollup
meanwhile
>cardano
>l1 smart contracts maybe this year
it's not even a contest

>>27591282
Yeah it will become even more unusable soon, it will be looked back as a massive "exit pump" but it's not, it's just hype and the hype will die down and people will come to their senses once it's shown how much better Cardano is by comparison. Most devs will agree and slowly start to move. DEFI will make Cardano the #1 coin as normies start getting exposure to it without needing to use their entire paychecks for 1 transaction.

>>27588268
Cardano is too heavy a bag, EOS on the other hand...

>4.8k stack
Am I gonna make it?

>>27591607
Ok, let me know when Uniswap fees are fixed.

>>27591846
fees are fine unless ur a poorfag

>>27591684
tfw you got nearly 500 ada, not massive amounts but i hope i'm sitting on a goldmine

>>27591607
A skyscraper built on wood vs cement basement

>>27592258
cardano is insecure because there are no penalties for attacking the network. They just assume that majority attacks don't happen. It's called a 'honest majority assumption'.

It's also unscalable, cardano l1 has similar throughput as current ethereum. It's a weak project on multiple levels, good at nothing except marketing to midwits and making them feel smart because they are in cardano

>>27592402
alright einstein, enjoy holding eth to 0

>>27588268
I'm not even arguing this, but why would you say literally when it's in the wrong context? Could you get any more plebit?

>>27588937
The number of times this has been said about a flavour of the month shitcoin...

>>27588268
Hello Cardano!
Meet Polkadot, your killer.

>>27591684
Whats a good suicide stack and a good make it stack in Cardano? What's an EOY price on ADA?

>>27592402
Yea I'm sure you are right and they totally overlooked this in the many papers they literally wrote on the subject.

>>27588268
Ikr. Ethereum's price will collapse in on itself once the ERC20 token converter is released. Stock up while you can bros.

>>27588937
>>27588268
Ok cool, one question: can I start developing dapps without having to deal with non-existing documentation and tooling?

Didn't think so. There is currently only one feasible dapp network and that's ETH. Cardano, Polkadot, EOS are so lacking in dev resources it's not even funny. First mover advantage is very real, think of how far ahead the Ethereum ecosystem is.

There is only world computer and Vitalik (pubh) is its prophet.

>>27588937
Delusional

>>27592724
Pedodot? Nah

>>27592996
>the first mover of a product has never been outdone by another
>eth's ecosystem is totally not as wide and deep as a sidewalk dog piss puddle

>>27592996
>he dosn't know that ethereum runs as a side chain on cardano
>he doesn't know about the ERC20 converter
>he doesn't know about KEVM
>he doesn't know about the dev kits

>>27592996
BTFO
https://youtu.be/k8a6tX53YPs

>>27592724
polkadot literally uses cardano code

>>27591607
This. I am a ML scientist dabbling in Dapp development because I believe in strong decentralised services. I looked into Ethereum alternatives mainly Cardano and Polkadot.

Little to no documentation, tutorials or tooling. With Ethereum you can just start building.

There are libraries, other projects and academic research that solve common issues such as oracles, scaling, etc. Not to mention the vast capital and users in the ERC20 ecosystem.

Ethereum has no competition despite its flaws.

brainlet ass ADA tards, enjoy waiting 5 months for goguin

>>27593336
How's the flippening going?

>>27593510
>5 months for goguin
The Mary Hard fork is today
Seeth more

>>27593432
>A long-term roadmap, may wishlist of features.
>All of which Ethereum already has.
BTFO indeed

>>27588268
>27 ETH
>100 DOT
> 100 ADA

Feels good

>>27592402

Candano is way ahead of ETH and was built with a strong foundation and it is the most cited blockchain, DOT used Cardano papers to create it's governance system. Celsius and SingularityNET are moving from ETH to Cardano. it isn't even fully finished and they're moving wait until March and see what happens. ETHs greatest achievement is UNI swap shit coin swapping, wont be long before Cardano gets something similar, so why the fuck would anyone use ETH, Cardano is ready to go by end of March, it's also going to be the first fully decentralized blockchain on the market, a head of everyone of it's competitors.

Cardano wont even last a year with Tezos on the market

>>27593338

>he dosn't know that ethereum runs as a side chain on cardano

Cool so can I run Solidity dapps with Cardano then? Quick search: you can't.
>he doesn't know about the ERC20 converter
Can't seem to find out it.
>he doesn't know about KEVM
Cool, but doesn't work yet.
>he doesn't know about the dev kits
Can't find any Dev kits after googling, non existent. And a base Dev kit is not even that useful. Abstracting libraries is where devs get real utility.

That's at least several years of work to get up to speed with Ethereum. So ask yourself what is more likely: Ethereum fixing its scaling issues in that timeframe or Cardano catching up to Ethereum?

>>27594025
Me and the boys are literally laughing our asses off at your retardation right now.

>>27593789
>ahead of ETH
>literally no smart contracts, 0 dev who know how to use it, 0 tooling, 0 ecosystem, 0 users, literally 5 years behind on all front
>ahead
KEK the delusion of cardano bagholders is without limit

>>27594025
>Nooooooo your product is not released yet so it was to be bad
If you want to make money you know that you have to take the risk to get on early right?

>>27594189
Cool counter-argument, bro.

>>27588268
$3 end of march , 4-5 EOY!!!

>>27588268
Oh look it’s another eth killer shill thread. Nothing will stop eth especially when eth2 comes out. There’s a reason why it has the most dev activity even though gas fees are high. You pony boys can sit and day dream all you’d like but you’re fucked.

>>27594263
I really want the to be a good next-generation Dapp project. But to me the risk is too great and Ethereum seems like an all-round better allocation of my investment.

I got burned on EOS in 2018 so I learned my lesson betting against Ethereum.

>>27592996
based and vitalikpilled

>>27592724
you can own both i own Cardano 70% and DOT 30% and nothing else . and im a a winner

>>27590594
it's because you're too fucking stupid to DYOR

>>27594209

And Devs are still switching from ETH to Cardano, I'm sure ETH is light years ahead and that's why they're already jumping ship. ETH 2.0 with no time frame, switched from PoW to PoS because ETH is well thought out. The OG ETH team all left, ADA and DOT are both in top ten, makes me wonder.

at this point the only thing that can kill ethereum is itself. through catastrophic v2 failure, or a movement away from the base layer. much like bitcoin, albeit to a lesser extent, ethereum has "won" its market segment, base-layer turing complete smart contracts.

>>27594514
Well i guess we will know if cardano is able to overtake vETH in the next few month. If it does it won't be to late for you to swap on ADA, has it will keep on growing

>>27594263
>>27594514

Basically, the point where I am willing to take the risk is the point where the tech stack is mature enough where I can start developing dapps.

>>27594025
Ethereum will never fix their scaling issues simply because they are too big. The Devs are too scared and rightfully so to change anything that could kill their $1.5k per ETH Generating Project.

ADA and ZIL are new enough to see the issues ETH is having and fix them before their network is in wide use.

Everyone thinks PoS will fix ETH, it won't. Already its more profitable to churn your ETH instead of staking it in the market. Without more PoS nodes gas fees will remain the same.

The price of ETH should not be as high as it is, to make gas price affordable, and I'm sure the Dev team somehow wants to change this without destroying their market cap.

What would make a lot of sense for ETH is to do a VeChain/VTHO style of economics where ETH either generated GAS or could 1:1 convert to gas so they could keep their high prices Token but make the network affordable.

>>27588268
Both shit

>>27594209
main dev was a co-founder of ethereum and vows to fix a lot of the problems it has

>>27594634
>hasn’t heard of l2
>thinks devs are actually switching to cardano
Show me some cardano dapps besides beefchain

>>27594314
I haven’t got the fucking time of day to deal with idiots like you, but I'm gonna. Now sit the fuck down kid or I'll smack you in your face.

Cardano dapps can be programmed in nearly ANY PROGRAMMING LANGUAGE this includes Haskell, Javascript, Solidity, C++ and many fucking more

ERC20 converter:
https://blockchain.news/news/cardano-erc20-converter-cross-chain-communication-extended-interoperability

KEVM: It's fucking going live now
https://www.youtube.com/watch?v=fGGV4fzV2Z8

Dev kits
https://developers.cardano.org/


Now shut the fuck up little boy or I'll burn your Little Unicorn shirt whilst you are wearing it.

>>27594634
>Devs are switching
Bullshit, that's a blatant lie and you got no data to back it up.

>>27594810
Relax Charles, go blow off some steam in your lambo.

>>27594790
he's been vowing for 4 years and still has no smart contracts after wasting hundreds of millions in dev.

ethereum had smart contracts in 12 months on only 16mil.

charles is a scammer and cardano is a failure

>>27593510
someone forgot to take their meds

>>27594514
lol this faggot put money in EOS, what a fucking retard kill yourself please

>>27594807
>>27594870

>Celsius
>SingularityNET

Google friendo, They're moving to a blockchain that's not even finished because they know it's better.

>>27595055
>says the guy putting money in ADA
topkek best ironic post of the day. Thanks for this anon

>>27594953
>wasting hundreds of millions in dev.
you do understand that it takes time and money to develop a solid product right anon?

>>27588268
You spelled AVAX wrong bro

>>27595134
Lmao if you really think theyre “moving” then you can’t be helped. Never change biz

>>27594870
Here ya go tard

>>27594810

>ERC20
Cool.

> KEVM
Cool, but comes with a lot of caveats right now.

Cardano's main selling point being interoperability with Ethereum says a lot more about the value of Ethereum than Cardano.

> https://developers.cardano.org/
There's no actual Dev kits or links to libraries or tools other than playground environments on that site btw, I actually checked.

>>27595183
you do understand that he's lying and scamming you right anon?

Kek, they still try to show this dump on /biz/ thread

I am not an retard to take part in it
>wanna make money? follow stakenet and forget about cheap dump shitty coins
Join XSN! Listed on Bitfinex. Layer2 DEX!

>>27592996
Vitalik is too autistic for ETH to fail. Even pedo coin can't unsurp him. No one cares about Charles and his monkey brigade

>>27593596
implying I know what that is, sorry I dont watch your hoskintards daily vlog updates.

>>27595243

https://ambcrypto.com/celsius-network-confirms-ada-will-be-added-in-q2-2021/

https://cointelegraph.com/news/singulatitynet-set-to-ditch-ethereum-for-cardano-citing-speed-and-cost-issues

Yikes

>>27594953
>Cardano: 3 Ethereum: 3045

stateofdapps.com

Ethereum BTFO

>>27595327
which one is it?
is he spending millions in development or lying and scamming people?

>>27595494
>domain available for purchase
lmao

>>27595499
kek your IQ is literally so low you can't even hold a basic conversation.

>>27595327
Stateofthedapps.com

>>27590594
whyare you coping anon?

Someone explain why the FUCK would i put my eth into this when DOT is performing better and AVAX has better features

>>27593487
All you're saying here is that buying cardano now means the buyer is early. What happens when they have good docs like eth

>>27592716
and thats why it applies to this one or, what is your point?

>>27595353
is singularitynet that weird jap with the creepy sex robot?

>>27595266
>decentralized AI ecosystem
did you really post that unironically
the absolute state of ada bagholders

>>27590964
>the only thing ETH has that cardano doesn't is smart contracts
oh, so it's missing the most important piece, en? no biggie
>this laptop blows previous laptops out of the water, but there is no keyboard, mouse, touchpad, usb ports, touchscreen, or any real way to interact with it.
fucking retard

>>27592402
Cardano's L1 has a fuckton more throughput than ethereum and it will scale with Ouroboros Hydra to 1,000 TPS per hudra head, meaning well north of 1 mikkion TPS.

>>27595635
i'm asking a pretty simple question given your contradictory statement

>>27595871
All I'm saying is that it's too much risk for my personal portfolio to buy early, yes.

My reasoning is this: To get users they need dapps, to get dapps you need devs, to get devs you need docs and tooling.
Each step of the adoption chain comes with its own caveats and has to be competitive with currently established tech.
My PERSONAL barrier to invest is tackling the first part of the adoption chain.

If you want to gamble your shekels on an Eth killer, more power to you. We need better scaling Dapp solutions.

>>27592402
cardano is more secure than ETH 2.0.
>Bitcoin 50% byzantine resistant
>Cardano 50% byzantine resistant
>ETH 2.0 33% byzantine resistant
ETH shills their slashing to COPE for the shitty 33% byzantine resistance. even Vitalik does this, he has no shame

>>27591789
That'll be worth 4.8 mil in ten years.

>>27592996
yes anon, KEVM Soliditydevnet on Cardano. you can build right now.

>>27588268
57k stack here. I’m gonna make it.

>>27594025
>so can I run Solidity dapps with Cardano then?
yes

>>27594209
EVERY solidity dev can build on cardano right now ano

>>27596362
No investor with tech background cares about Cardano anymore. Solana and Tezos are the ones to look out for now.

>>27596124
>Cardano's L1 has a fuckton more throughput than ethereum
translation: you can't find any numbers, and that's because it's maybe 3x scalable than current ethereum.
>Ouroboros Hydra to 1,000 TPS
that's a state channel network that's also possible on ethereum. Nobody uses state channel networks because they suck in practice. It's worthless.
>>27596362
you fell for the midwit trap.
Cardano literally assumes that a majority is always honest. They claim the network is 50% secure because that's their security assumption. It's literally that blatant.
Eth2 33% security means that it's not possible to reverse finality without at least 1/3 of validators losing their stake. Cardano has no penalties at all.
Under the same retarded assumption that cardano relies on - that a majority is always honest - eth2 is also 50% 'resistant'.

Cardano is pure trash from the security perspective and suffers from the nothing at stake problem.
>Bitcoin 50% byzantine resistant
bitcoin has no finality at all, and penalties for reversing the chain are minuscule compared to slashing - just the cost of wasted energy for mining.

>>27596277
>Solidity KEVM Devnet
>Hundreds of millions in funding for DAPP DEVS
think on that last point

>>27596562
But they aren't... Thinking.emoji

>>27596841
Citation needed

Lt. Colonel here

Big things are coming gents.

Come on over to the home team and help celebrate the big win,

>>27596967
>Thinking.emoji
Please go back to Qeddit. Your kind are insufferable

>>27588268
Hi Charles Hoskinson, from CARDANO. I know you are reading this from your web scraper. I have to tell you that you're a soiboy that made a trannycoin, which will make me very rich. Thank you.

Poorfag here looking for advice.. Got 1600 ADA thinking about selling off some to get some VeChain, is that retarded? I'm a huge Cardano believer but cant really get that 100x of my money. Am I retarded for thinking like this?

>>27588268
Remember that you can make Charles read your comment by typing his name or ADA. He admitted to using a /biz/ webscraper for these terms on his latest AMA. He reads all output every morning. Say hi to Charles Hoskinson!

>>27588268
Brainlet here what's the difference between ADA and XLM?
From what i know they are "ETH killer", have their own tokens, almost zero fees, and smart contracts
Thinking of dropping some of my XLM bags because it's crabbing for eternity even with good news like USDC implementation into stellar network

>>27596277
based logical anon. What do you think of GRT?

>>27595966
> Bullshit, that's a blatant lie and you got no data to back it up
Weird way of saying “saying I was wrong”

>>27596919
>translation: you can't find any numbers, and that's because it's maybe 3x scalable than current ethereum.
wrong anon. Cardano's L1 is ~150 TPS which puts it at 10x that of Ethereum

>>27597859
That number is for simple transfers, and ethereum can do 44TPS of simple transfers with the current gas limit.
As I wrote, it's a difference of about 3x.

>>27592724
>your killer.
kys.

>>27596277
>>27596362
>>27596919
>>27597859
Well I'm too retarded to undersand any of this
Still going all in ADA
wish me luck anons

>>27596919
>that's a state channel network that's also possible on ethereum.
An Ouroboros Hydra-style state channel network requires an Extended UTxO based ledger, so no, Ethereum could never implement Hydra.
>Nobody uses state channel networks because they suck in practice.
translation:
>Existing state channel networks suck in practice therefore Cardano's future state channel network will suck in practice.
Ask me how I know you're dumb.
>It's worthless.
COPE. so much cope from you anon. Hydra is pretty fucking fantastic. everything that will run on Cardano's L1 will run on Cardano's Native Hydra because Hydra inherits all the properties of the base layer.
>also possible on ethereum.
well it's not for ethereum, but you do know that far into the future when several million TPS are no longer sufficient, Cardano can shard the base layer ETH 2.0 style. Right now that isn't needed because Cardano chose a more efficient approach, getting all the benefits that ETH 2 hopes to achieve without the pitfalls tha ETH 2.0 brings to the table such as 33% byzantine resistance for ETH 2.

Guess who's going to make it?

>>27596457 are!

>>27597656
Need to do more research on The Graph. The blog posts in their landing site are a bunch of technobabble nonsense.
But having query-able, decentralised state for dapps is obviously required for a robust network.

Right now the largest barrier to strong decentralisation is state. It would be really cool to see fully autonomous dapps deployed without the need for running off-chain databases. Imagine deploying a program that can't be stopped, killed or attacked as long as people are using it.

>>27597609
Circle is a literal whore implementing USDC in every ecosystem on the planet, check it out
USDC going to Stellar means nothing, it's a political move

WHY CAN'T I BUY CARDANO ON COINBASE

>>27598293
>Ethereum could never implement Hydra.
evm is turing complete so it can implement anything brainlet
the reason state channel networks suck is because they assume multiple interactions happen between a limited set of participants that are online, which has nothing to do with reality.
in two years cardano is going to be completely forgotten and out of top 25

>>27596919
>Cardano has no penalties at all.
The fuck am i reading? couldn't you at least spend 2 minutes researching before shitposting such blatant lies?

I see the ETH miners union is out in full force today

>>27594768
Eth price does not really matter to gas prices.

>>27596922
Yet no significant dapps in development, only one pledge and an obvious scam.

Will it dip soon......

>>27596919
>you fell for the midwit trap.
no anon, but you are here to shill the mETH bagholder shashing schtick I see.
>Cardano literally assumes that a majority is always honest.
Bitcoin assumes that the majority is always honest, ohhhh noooooo, bitcoin is insecure! But in all seriousness, yes cardano assumes an honest majority >50% and:
>Cardano is 50% byzantine resistant
>Bitcoin is 50% byzantine resistant
but wait, there's more. Cardano has an ongoing research stream Ouroboros Spikes that allows Cardano to recover from spikes of dishonest majority, propelling it to a security status above Bitcoin's 50%. Ethereum 2.0 on the other hand is only 33% secure. That means:
>Ethereum fails at a 34% malicious control
but you say
>eth2 is also 50% 'resistant'
yes, even vitalik shills this. that is only true under synchronous conditions. are you saying that the global Ethereum network requires fully synchronous operation to be secure? Cardano maintains 50% byzantine resistance while operating in a world-realistic semi-synchronous state. A state in which ETH 2.0 is only 33% resistant. Thus the need for slashing mechanics and these type of COPE responses from the likes of mETH bagholders. who knows, perhaps I'm making a mistake here?

They claim the network is 50% secure because that's their security assumption. It's literally that blatant.
>Eth2 33% security means that it's not possible to reverse finality without at least 1/3 of validators losing their stake. Cardano has no penalties at all.
>Under the same retarded assumption that cardano relies on - that a majority is always honest - eth2 is also 50% 'resistant'.
>Cardano is pure trash from the security perspective and suffers from the nothing at stake problem.
>>Bitcoin 50% byzantine resistant
>bitcoin has no finality at all, and penalties for reversing the chain are minuscule compared to slashing - just the cost of wasted energy for mining

>>27599110
The fund is just getting underway anon. There will be approx. 12 rounds of funding this year. I believe we are on fund 3 right now with 500k in funding with empasis to DAPP developers.

"Cardano: Catalyst fund 3 launches with $500k, trumps all Ethereum DAOs combined"
>https://www.crypto-news-flash.com/cardano-catalyst-fund-3-launches-with-500k-trumps-all-ethereum-daos-combined/#:~:text=News-,Cardano%3A%20Catalyst%20fund%203%20launches%20with%20%24500k,trumps%20all%20Ethereum%20DAOs%20combined&text=Fund%203%20will%20make%20%24500%2C000,Ethereum's%20top%20100%20DAOs%20combined.

With Cardano at $1 I believe the treasure will be valued at over a billion USD, but maybe that's not until we get to $2 ADA.

>>27588937
This has been said about every coin that exists

based thread

>>27599220
>Bitcoin assumes that the majority is always honest
wrong, the idea is that mining cost is a penalty.
>that is only true under synchronous conditions
this is wrong, it's not possible to reverse finality if majority is honest. 1/3 slashing occurs if 1/3 pretends to be offline on the right chain while secretly attesting to another chain with 1/3 of other stakers. Because 2/3 is needed to finality this means once the secret chain is published at least 1/3 of stakers get slashed.
What's actually required for an attack is 2/3 of hostile validators, not just majority.
>Thus the need for slashing mechanics
there's no penalty for attacking cardano. If cardano magically became adopted, it would become profitable to borrow ada to attack the network, because no matter what happens that ada can be returned after the attack. That's the nothing at stake problem. On eth2 borrowed eth would get destroyed, making it a real cost.

>>27599815
yes good luck controlling 10 billion ADA.

>>27588268
Buy the hype sell the news or you will get rekt, remember my warning.

>>27599502
I will definitely keep an eye on this.
DAO funding of dapps and research did wonders for Ethereum.

>>27599815
>wrong, the idea is that mining cost is a penalty.
not true, because once the chain is successfully attacked, the 49% chain miners were the ones who suffered the "penalty". and after the double spend because the miners are extrinsic to the network they can just point their miners at another chain and carry on.

100 ADA here... don't wanna risk much more than that...

>>27599815
>>that is only true under synchronous conditions
>this is wrong, it's not possible to reverse finality if majority is honest
here is vitalik saying otherwise:
>The 1/3 bound is for safety-under-asynchrony
>https://news.ycombinator.com/item?id=25981373

>>27600738
that doesn't contradict what I wrote in any way

>>27600547
If anything, fiat money is going to 0 soon. Not going all-in is risky.

>>27590964
You know ETH 2.0 will come out before Cardano is fully implemented right?

how can so many people fall for the
>better tech meme
there are two reasons ADA is fast: DPoS and zero users

I converted about 15% of my ETH to ADA just because I fucking know you morons will gobble up whatever Charles says - he knows exactly how to appeal to naive crypto illiterates (hitting you on the soft values + memeing you with "acadamic approach" and "funktionel progremmin")

The ETH ecosystem has orders of magnitude more research and dev work than anything else; with sharding and rollups there's just no reason for ADA to exist, and I will cash out long before then

So much hopium in here for cardano...
there will be a use for cardano but not on the scale you’re all thinking it won’t kill/flip ETH ever.

>>27600845
yes it seems you sidestepped the issue doesn't it.
under asynchronous conditions ETH 2.0 is only 33% byzantine resistant. vitalik's own words.

>>27603931
asynchronous conditions mean that network is partitioned forever
Cardano has 0% resistance for this scenario

>>27603244
Cardano is true Proof of Stake. Another mETHie lying. And it would seem that the cryptographic world agrees.
>Blockchain Consensus Algorithms: A Survey
>https://arxiv.org/pdf/2001.07091.pdf
>CASPER THE FRIENDLY GHOST (CTFG). CTFG is a pure BFT PoS algorithm that aims to transform Ethereum to a PoS-only blockchain system in the future
>OUROBOROS. Ouroboros is a provably secure PoS algorithm [185], [186] utilised in the Cardano platform [187]. Cardano is regarded as third-generation blockchain system supporting smart-contract and decentralised application
without relying on any PoW consensus algorithm.
>In Ouroboros, only a stakeholder can participate in the block minting process. A stakeholder is any node that holds the underlying crypto-currency of the Cardano platform called Ada. Ouroboros is based on the concept of epoch, which is essentially a predefined time period. Each epoch consists of several slots. A stakeholder is elected for each slot to create a single block, meaning a block is created in each slot. The selected stakeholder is called a slot leader and is elected by a set of electors. An elector is a specific type of stakeholder which has a certain amount Ada in its disposal.
>In each epoch, the electors select the set of stakeholders for the next epoch using an algorithm called Follow the Satoshi (FTS). The FTS algorithm relies on a random seed to introduce a certain amount of randomness in the election process. A share of the random seed is individually generated by all electors who participate in a multiparty computation protocol. Once the protocol is executed, all electors posses the random seed, constructed with all of their shares. The FTS algorithm utilises the random seed to select a coin for a particular slot. The owner of the coin is then elected as the slot leader. Intuitively, the more coins a stakeholder possesses, the higher is its probability of being selected as the slot leader.

the next section of the paper discusses DPos.

ITT:

Ethies on suicide watch. It's funny because if everything switched to the Cardano blockchain you'd be better off for it. You believe Eth is going to the moon but your fees will sky rocket and eat into your profits big time.

You're looking at ETH like it's google when it's Yahoo, it's a mess but because it's your team you think it can't fail, that will hurt you in the end. I own ADA and ETH I'm not stupid enough not to ride the ETH wave but long term I don't see it lasting and ADA does look very promising. Next 6 months will be telling.

>>27604454
Perhaps I used the wrong word there, Ourboros can operate in semi-synchronous conditions anon and is 50% byzantine resistant under those conditions.
>https://eprint.iacr.org/2017/573.pdf
>Ouroboros Praos: An adaptively-secure, semi-synchronous proof-of-stake blockchain
Under those conditions ETH 2.0 is 33% byzantine resistant.

>>27603244
>muh eth ecosystem
Open your eyes, have you ever used ethereum for anything else than circlejerking with tokens? If you had any knowledge of math or programming, you would understand where this thing is going. Just because you don't understand science, functional programming or formal verification does it means those are meaningless buzzwords.

>>27605145
Wrong, under the honest majority assumption and semi-synchronous network eth2 is also 50% resistant + attacks have costs because of slashing.
Asynchronous setting means that there are two forks each with >2/3 of stake but nobody else can communicate between them, meaning slashing never occurs. In this setting cardano can fork into infinite forks, it has a resistance of 0% because it only cares about online majority. Eth2 needs 2/3 for finality so small forks wouldn't be able to finalize

>>27588268
>ada
>not $SOL

Solana network can handle more than 12k TPS with 0.4s confirmation, already has USDC support, fundamentals for it seem good on Tradingview , so imma long.

I have 1000 ADA, am I going to make it bros?