/biz/ - Business & Finance

Basically, my thesis is that this shit is fucking useless

bump, obviously ADA holders are an intelligent bunch and know about crypto

>>30002175
Don’t care, never selling

>>30002175
>Why does the crypto community at large hate Charles and ADA
because there are people who are emotionally invested in eth and other projects
>Why do only newfriends and people who don't quite understand tech like ADA and Charles?
that's a false statement, actually it seems newfags get turned off from cardano because they don't understand it
>What is being developed for ADA at the moment?
now that native tokens are released, smart contracts are coming next
>Is there any kind of defi being built for ADA?
yes, see above
>What is in the works for ADA? Specific sources?
https://roadmap.cardano.org/en/
>Do you think the March implementation of smart contracts will cause a mass exodus from ETH onto ADA
not a mass exodus but defi devs will need to start looking at other chains, eth is gonna slowly bleed out this year
>Will this March implementation be able to be more attractive than L2s?
no idea. From what I understand polkadot doesn't do the same thing that cardano does so I'm not sure why it's always compared with eth and cardano, and actually neither does AVAX

>>30002654
kek

not selling fag boi

>>30002691
>because there are people who are emotionally invested in eth and other projects
No, it's because ETH has the most promising thing from crypto other than BTC's store of value - defi - and ETH is still widely used despite gas fees, which aren't even a problem except for poorfags.
>that's a false statement, actually it seems newfags get turned off from cardano because they don't understand it
ADA threads are full of people who are obviously new to crypto, and you know this. Everyone who has been in the space for a while on twitter and elsewhere hate Cardano and Charles. ADA is a joke to many here.
>now that native tokens are released, smart contracts are coming next
Ok
>https://roadmap.cardano.org/en/
What is in the works. What is being built. WHAT PROJECTS. SPECIFIC PROJECTS
>not a mass exodus but defi devs will need to start looking at other chains, eth is gonna slowly bleed out this year
This won't happen. Polkas ecosystem is full of IDO scams. The only chain worth anything is Solana. Even then, other chains eating up ETH isn't a problem, it's true decentralization. The issue is that Cardano is the worst ETH killer. Worst than Polkadot, Solana, etc.- as shit as BSC if not more so. BSC actually works.
>no idea. From what I understand polkadot doesn't do the same thing that cardano does so I'm not sure why it's always compared with eth and cardano, and actually neither does AVAX
No.

Cardano is becoming the polished trustworthy decentralized crypto that can become the standard. Charles right now is like Bill Gates in his awkward early years.

>>30002971
There is nothing being developed for Cardano

>>30002175
Who cares. I got in at 20 cents. This shits making me rich. Crypto is almost entirely speculation. If you're not here to make money and are getting mad at internet coins that you don't own you're an enormous faggot.

/thread.

>>30002175
Thanks buying more now, also people love ADA only retards who are jelly and missed out on .10 .50 and 1.00 and hate it.

Did a 10x short. You are based OP.

>>30002691
>no idea.
Exactly. To be fair, it's not your fault: not even Cardano knows what it wants to do. It's supposed to be the apex of cryptographic research, but one autistic Russian kid accomplished in one year much more than what Cardano has in three.
ADA has been basically a shittier version of Stellar up until this point. Now it is promising to be a slightly better version of Ethereum in a time where every fucking <1 year old L1 project is basically a better version of Ethereum.

>>30002175
buy ada or dont buy ada. no ones forcing you either way, so stop being upset.

>>30003204
Wdym retard? It's literally just a thread to discuss how retarded ADA is. I can post a thread if I want to faggot, go cry some more. What kind of response is this nigger
>>30003104
Thats fair, not even trying to shit on people like you. I have frens who bought ADA solely due to the normie hype and knowing it would pump.

The problem is niggers who actually buy into the ADA narrative, which are ENTIRELY NEWFAGS. Hmm I wonder why

>>30003383
You're right, I got a friend into crypto recently and the first thing he wanted to buy was ADA "because it's cheap and going to be better than ETH"

>>30003383
not a newfag, I invested into ADA a year ago purely because I like the tech and development approach, not because I thought it would usurp eth or anything, now I'm sitting a big comfy stack

>>30003579
Literally 99.9% of people in ADA threads and on here are newfags to crypto. Really makes you think

>>30003611
You invested in ADA year ago knowing it didn't have smart contracts? A year ago? You're either a retard or LARPing kek

>>30003648
yes, and that's their target demographic - newfags who they can fool with empty promises. they don't know the difference between an eth killer and eth itself. it'll run its course and they will lose money. i can see you're trying to fight the good fight but there's nothing you can do

>>30003724
you're the retard, it sounds like you don't even know about the shit you are FUDing. If you even bothered to research the project you'd know they have made consistent progress over the years and have focused on doing it right over doing it quickly, unlike every other shitcoin project

>>30003897
Lmao okay buddy, larping newfag retard

>>30003873
I genuinely feel bad

>>30002175
>ADA holders, ask yourselves these questions
I don't hold much ada but I'll try answer anyway

>1. Why does the crypto community at large hate Charles and ADA
There's lot of things here:

* Charles has a bit of a superiority complex
* Elitism, especially when they come up with new terms for already established techniques
* Over promise and yet to deliver
* Charles is always tweeting random shit
* ADA is quite centralised
* ADA plans to submit to regulation
* ADA isn't very private

>2. Why do only newfriends and people who don't quite understand tech like ADA and Charles?

* Charismatic
* Strong leadership figure
* Good at communicating with community - see whiteboard video, personal channel
* Good PR with partnerships (ex: Africa)
* Strong promises of "research papers, formal verification, etc"

The next 3 questions have been answered well already so I'll skip to 4.

>4. Do you think the March implementation of smart contracts will cause a mass exodus from ETH onto ADA, when this hasn't happened with AVAX, Polka, etc. Will this March implementation be able to be more attractive than L2s?

No. Bridges aren't on the roadmap so it'll at least take the first bridge before ada can take advantage of value from other chains. Combined with the difference in model and lack of volume and value from other chains their ecosystem will likely remain very incestuous to start with.
I believe that their model has fundimental benifits above smart contact based tokens, and over time this'll definitely attract developers to the platform. Remeber that development takes time and the smart contact test net was only rolled out a month ago.

rly funny to see their BUYBUY spam
dumpers want to fuck you with all this trash shill on biz

don’t believe if you don’t want to lose your wallet
I get rewards each day with YVS staking, 1.330 $YVS just for staking

>>30002175
they just jelly of awesome crypto gains
real tech
chad developer
you know, the usual

I hold 22K Ada, and I am not selling.

>>30002175
TLDR: People are seething because they didnt buy ADA (because they are dumb). I did, and I'm happy, and rich. Okay thanks

>>30002175
LINK brigade mad af. Enjoy fading to irrelevance faggots

>>30003897
> focused on doing it right

The thing is BSC has proved that the market doesn't care about doing it right or not, they care about it working today.

From a technical community perspective ada is quite far behind compared to other chains. Unlike general community that drives the short term price action the development community is what will dictate the sustainability of ada as a project. They're going to be having to claw their way up in this aspect.

As far as I'm concerned there's no way that IOHK can sustain themselves without a handful of killer projects on their platform.

>>30002175
>cryptokiddies hate ADA
bullish, others envying you is a sign of success

>>30004530
These killer projects are not going to even be around until next year if they materialize. There's not going to be an AAVE on Cardano any time soon.

>>30002175
>Do you think the March implementation of smart contracts will cause a mass exodus from ETH onto ADA, when this hasn't happened with AVAX, Polka, etc. Will this March implementation be able to be more attractive than L2s?

Yes, because I am actually developing 2 dapps, one major with a 1 year dev done already, the other more simple. I am waiting for both to deploy on Ethereum. I hesitated a long time to deploy on a L2 like SKALE or xDai, but who the fuck is going to swap their coins on these chains? nobody does that because it's not convenient at all.

Why am I waiting? BECAUSE ETHEREUM IS SHIT AND JUST DEPLOYING COST ME £1500 THEN NOBODY CAN USE IT BECAUSE EACH TIME THEY CLICK A BUTTON, IT COST THEN 50 BUCKS YOU FUCKING MORON

Although I am also very interested in Algo

>>30003104

Truly this. Who the fuck cares, all your other coins are a fucking LARP as well. Just by virtue of being in the top 5 it makes Cardano a safer bet than 99% of all the other shitcoins.

>>30002175
I like my 10k Algo more, but considering to buy for 1k. Worth it?

>>30002175
>he cares about the “crypto community” and “technology” instead of “green line go up”

POINT AND LAUGH

Dude BTC is a useless sack of shit and it’s worth 50k. The tech is absolutely non usable for anything. I’m in crypto to make money not circle jerk my gay internet nerd friends about “muh computers” lol. This next line of coke is for you, dork. When ADA hits $3 I’ll fly out to your house and do one off your mom’s tits

>>30004227
You forgot to mention:
1) Erc20 token converter: allowing projects to move from Eth > Ada
2) Native Assets: no need for smart contracts to transact other tokens unlike eth and their erc20s
2b) Babel Fees: No longer require Eth to transact on chain as you can pay using the token that's being transacted on
3) On chain governance and treasury; users can vote on where funds go and support viable projects
4) Multi Oracle solution: allows projects to choose vetted projects - so far wolfram and ergo, eventually chainlink if they want
5) Gerolamo: links Cardano to private enterprise Atala blockchains

>>30002175
top kek
you literally can't fud something that doesn't work. That's why normies like it.

>>30004808
Just wait 2 fucking weeks for optimism to launch. or go on avax which literally already works right now
>>30005856
>he doesn't know avax also has a token bridge that actually works right now with working smart contracts.

>>30004808
Cardano is the most loved project in crypto .
People all around the globe are united in Cardano .
A few Twitter or biz haters ..... who the fuck cares!
And Charles is one of the most well respected dudes in crypto too.
ADA community alone will make Cardano rank 2.
Because it's the best and biggest crypto community on this beautiful planet.
With smart contracts ADA will of course be number 1.

We are going for number 1 ADA chads!

>>30003383

once every 6 weeks there's catalyst fund and on average there are approx 80 projects competing for funding.

Fund3 on 5th of March

AGI is migrating to Cardano so is celcius, LTC bridge in the works, IOTA bridge in the works

This week Gawin Wood (Founder of Polkadot, the main programmer for ETH before he left) emailed Charles Hoskinson suggesting they should cooperate.

You clearly do not understand what kind of gamechanger Cardano is. What are ETH dapps? 99% are used to speculate on crypto prices. Cardano vision is move out of crypto space and leave ETH as is. Cardano will become wallstreet and central bank for countries stricken by corruption and poverty on a simple virtue that you can trust blockchain but you cant trust Makumba the village chief as minister of fiance.

Cardano made its homework - IOHK saw where other cryptos failed and done things right. There are only 3 in crytospace that done the same its Algorand and DOT. ETH is moving fast because they test things on mainnet.

Do you really want to bet billion dollar on a smart contract that can end up bugged?

ETH can have all its Defi speculating on price of the next shitcoin to offer to revolutionize cryptopiggies trade.

If IOHK hadnt achived anything then why I see cryptos adpoting Ouroboros almost daily?

>>30004923
Newfag or retarded? Cardano being top 3 gives it one direction to go (down) aka it's not a safer bet than any small market cap shit coin that can moon

>>30006376
If ouroboros was so great why didn't ETH just use that for ETH2? Maybe because it doesn't support BLS aggregated signatures, limiting the number of validators. The idea that cardano is ahead of eth technologically is just flat out wrong. there is a reason why eth2 right now has 2 orders of magnitude more validators.

ahhh all these fud threads..
if ada was shit you wouldn't bother posting about it would you

>>30006639

You cannot change the wheels on a moving car

They cant because every smart contract on ETH would have to be rewritten to be executed on Ouroboros.

Right now smart contract must be executed by single validator. On ouroboros smart contract can be executed by several. If one validator is overwhelmed he can delegate parts of smart contract to another validator.

>>30005856
>You forgot to mention:
>1) Erc20 token converter: allowing projects to move from Eth > Ada
Moving a project doesn't move the community behind it. Just like how anyone has clone uniswap and launch a food token on BSC that doesn't really do much for the ecosystem.

>2) Native Assets: no need for smart contracts to transact other tokens unlike eth and their erc20s
>2b) Babel Fees: No longer require Eth to transact on chain as you can pay using the token that's being transacted on
Native assets and babel fees are a pretty good feature but it is still to be seen how they are implemented and interact with smart contacts. Native assets also bering into question how effective the ERC20 converter is as each model has different invariants. So far I've not seen any update on the converter.

>3) On chain governance and treasury; users can vote on where funds go and support viable projects
The benifits and drawbacks of this are to be seen, so far we've seen many projects with governemence models but the crypto space has very little experience in designing good on chain governance and holding off chain participants responsible.

>4) Multi Oracle solution: allows projects to choose vetted projects - so far wolfram and ergo, eventually chainlink if they want
Can also be seen as a criticism, vetting existing companies as oracles reduces decentralisation and elevates their status.

>5) Gerolamo: links Cardano to private enterprise Atala blockchains
A grand promise that is to be seen. Many enterprises and governments have already started blockchain projects based on other protocols. Since cardano won't be ready for another year or so I doubt most of the currently invested will gain benifits greater than the switching costs.

>>30006314
A comment with all fluff and no substance. This is why cardano is disliked.

>>30006376
Why must you provide decent counterpoint interspersed with lies (ETH is moving fast because they test things on mainnet)?

>>30003579
>>30003648
>>30003897

I own both. I'm already staking on ADA. Can't do that without locking up for 2 years with ETH. Both will go up.

>>30006844
Don't let us lick their noobish tears.
99% of crypto investors don't understand blockchain tech.
Let us invite all the noobs to teach them.

>>30006981
Do you even understand what I'm saying? There are 100k validators on eth2 and less than 2000 pools on ada, and the k value of ada is 500, which means the network is trying to have 500 pools. why? because eth supports bls signatures which allow all the 100k signatures to be aggregated into one, while ada doenst so you have to check all 2000 signatures when people vote on blocks.

>>30007225
You can make your blabla blabla all day long.
Nobody cares anymore for your ETH rainbow unicorn childish shit.
We all can see in real life how fucked up your entire system is.
Your low IQ devs can't even figure out how to build a proper working POS since 2016.
Hahaha

muh smart contracts

>>30007464
>t. fag who can't program who thinks he's qualified to talk about tech

>>30006639
Different security models, you can see a high level discussion here https://www.reddit.com/r/cardano/comments/92r3si/vitalik_allegations_against_ouroboros and here https://www.reddit.com/r/ethereum/comments/95xgno/how_does_casper_compare_to_ouroboros_iohk_blog/e3wdzk9 and these third party comments https://harkal.medium.com/ouroboros-casper-and-other-computer-science-masturbation-d281f7a219f https://harkal.medium.com/is-ouroboros-a-dan-larimers-dpos-ripoff-e77bab21ea7e

>>30006981
You do not seem to understand what you're talking about. We're comparing consensus protocols. There's no reason that an ethereum fork couldn't use ouroboros style dpos.

>>30007225

so it takes only one validator and whole blockchain and every other validator acknowledges blindly that smart contract executed?

Nice

>>30002589
That doesn't mean that you can't ride the normie pumps, anon.

>>30008081
>You do not seem to understand what you're talking about.

No I don't

>>30008111
>>30008189

Please do some reading to understand the basics of proof of stake.

>>30008081
Charles is the co-founder of the 2nd largest crypto and the founder of the 3rd largest crypto. This guy is a genius.

ADA goes for number 1.

>>30002175
>1. Y'all only care about shit that makes you money and ADA hasn't pumped before now so you're salty that it took years and now you've missed out
>2. You act like that's not the majority of the people who are going to be adopting crypto in the near future.

>>30008111
>doesn't know how signatures work
>>30008081
it seems like eth has 2 orders of magnitude more decentralization though, and not a lot of loss in terms of scalability. Also slashing makes sure that people act in line, while there isn't much incentive for ada delegators to make sure they stake with the right pool. So from my perspective it seems like eth's consensus algorithm is much better.

>>30003065
>There is nothing being developed for MS-DOS/Windows.

>>30008189
We're Cardano. And, if you'll permit us, we'd like to change the world.

>>30002175
1. Because hes a bit pompous and extremely successful.
2. That's just like your opinion man

All the rest require me doing research for you or are a blanket yes and require more research to back up my opinions so sorry dude nah. Dont need to convince you lol plus idk if I'm right so like uhhhhhhh what's the point. 7/10 thread for /biz/ though

>>30002175
Dear anon,

who asked?

>>30002175
Fud fud fud. All I see is the tear drops of no coiners

>>30007056
Thanks just bought more ada.

>>30002175
Outpriced faggot seething he cant get a stack

Op, like others have said most of Crypto is just speculation anyway.
If you want a coin with ACTUAL VALUE (and no, most of these shitcoins and even ETH and BTC have very limited real use), BUY MONERO. Monero is already being used as money because it works

Think of ADA as a store of value, like a government bond.

>>30002175
Whats the point of these threads? I mean why would you baselessly attack any popular crypto project? Hate? Jealousy? Brain tumor?
Cardano has the biggest developer activity in the whole crypto space. It literally become a multi asset chain a hour ago. You dont have to use it or love it? So why the hate?

>>30006314
You sound like one of those bitconnect retards.

Africa is HBAR soil, Charles. You need to leave before you get in our way.

Did the fork happen yet?

>>30009079
Please stop thot posting. It's really fucking annoying.

>>30003724
I bought a ton of ADA at 5 cents. Now I could buy a big house from it but I just HODL forever.
I bought it because I like this functional programming and formal verification approach and they have big names in the team like Philip Wadler.

>>30009274
Yeah, exchanges are back up too.

Price is crabby today

>>30009275
>Please stop thot posting. It's really fucking annoying.
It's your problem you gay tranny faggot. This is a woman. You will never be a woman like this. Your scrotum hole just stinks and full of pus and scars.

>>30008081
https://iohk.io/en/blog/posts/2018/01/11/on-the-ouroboros-design-how-rigour-and-engineering-are-essential-for-critical-infrastructure/

>>30009079
They force midwit boomers like me to do some due diligence. It's a pain in the ass for ADA holders like me but it does serve a useful purpose. The due diligence in this case has made me realise just how fucking iffy Ethereum is as a project.

>>30008369
Why is this relevant? Last week the 2nd largest crypto was BSC. Once again this is why people dislike the cardano, a ton of their community are brainlet NPCs that can only repeat the same lines over and over.

>>30008427
I'll be holding my final judgement until I see both solutions in action.

From my theoretical understanding I wouldn't agree that casper incentivises greater decentralisation though. Pools balance is incentivised by lowering rewards when they get too large via a saturation parameter.

>>30008612
Your welcome anon, I'm bullish for ada and really cope the community levels up to the point where they're no longer repeating the same NPC lines.

>>30008930
XMR's smart contact sidechain platform tari is still only had a test net. I'm excited for privacy to reenter the public consciousness but proclaiming that btc, eth and smart contact platforms have no value is asinine. Why not give some real criticisms of ada like I did >>30004227? You can even talk about privacy and their lack of answer for chain analysis.

>>30002175
Can't wait for it to dump, and all the normies lose their money

>>30009647
My question about the pool parameter is whats stopping Binance from making 10 pools to take advantage?

>>30009853
they already have pools people are stupid and lazy and actually lock stake with them

>>30003199
didnt even read anons post, takes one line and uses it as an end all be all. No one knows when or even if eth2 can be properly rolled out, and by then it'll probably be too late as ADA, DOT, or some other altcoin will have the ability to dominate the smart contract market. Despite this people still shill eth to no end. This guy >>30002691 is absolutely right, maybe last years where cardano was still vaporwave with no meaningful progress I would get skepticism, but its advancing now, which is more than anyone can say about shitherem

>>30002175
>ada
Look honestly, maybe you guys will make some money off it, but what's really going to happen is that eth is going to pump because it's a normie coin, ada won't replace it, it will die, and there will be a real eth killer next cycle.

>>30009964
My point is if their first pool gets saturated, why can't they just make a second pool, and then a third, and then a fourth and so on.

>>30009210
Shut the fuck up Michael, you goddamn retard.

>>30002969
>it's because ETH has the most promising thing from crypto
every time

>>30003199

>>30010038
They can do that. But if they act weird people would just delegate to other pools.
And it's harder to cheat here than in bitcoin. You can lost your stake easily without having effect on the chain.

>>30002175
1. because after he left ethereum there were 2 books published that painted him as a comicbook villain in the ethereum story, something he claims isnt true but only the involved parties will ever know the truth
2. wrong

1-3 singularityNet, COTI is developing adaPay but ultimately asking what is being developed when smart contracts arent even here is just pointless FUD. If you are gonna invest in ada do it because you understand the technology and believe that its benefits will ultimately attract business, not because of "company X that might not even be around anymore in 5 years is coming to our side"
I am long on cardano because fixed transaction fees along with native tokens that dont require gas fees like ethereum and the fact that they are working on having multiple big programming languages supported makes me believe it will be a very attractive platrform for devs. Will it kill ethereum? No, no blockchain ever truly dies and no matter how much ETH1 is gonna bleed talent because of gas fees, ETH2 will eventually be out even if its years from now.

>>30010038
they wont get saturated because they are locked stake pools, only binance can add to them (not public), so when stakers on site stake with binance, binance puts them in whatever pool they want

>>30003199
To be fair, Cardano lost 2 years on rewriting everything in Haskell.

>>30002175
1. They don't, you're a schizo
2. ADA has a large thriving community and has for years now

DYOR, invest in other coins if you want. ADA is as close to a sure thing as exists in crypto

>>30006228
>avax which literally already works righ...
oh what was that, another chain breaking double spend? muh such secure. don't worry , jist throw in a vouple of bonus blocks and some deleted blockchain explorer pages and all will be right as rain

>>30010313
idk this is why i don't really think cardano incentivizes decentralization. you have to rely on normie money to stake somewhere else, and they don't have an incentive to do that because there is no penalty for staking with the wrong people.
>>30010569
A shit chain is better than no chain.

>>30006632
Oh honey

>>30007225
100k validators is a meme. how many is vitalik running all by himself anon? 500, 1000?

can we get to 100? 500? dolalrs

>>30008081
jesus fuck with the dpos faggotry that ignorant as fuck mETH bagholders throw around

>>30008427
>eth has 2 orders of magnitude more decentralization though,
no anon, a validator is NOT a person. people are running dozens and hundreds of validators. it's a meme and everyone knows it

>>30002969
what’s ethereum used for other than moving shit coins? serious question

>>30008314

I understand how PoS work

What I don't understand is what is OP saying about signatures.

Let me explain how I see it works atm

PoS works like this: each block is forged every x minutes (or seconds hours depending on blockchain) when its time to forge a block a validator is chosen and it listens for transactions on a blockchain, he then signs the block as validated and uses his signature so the blockchain knows its legit.

In ETH2.0 every validator forges its own block every x minutes. Now if whole blockchain uses same signature it only takes one fraudulent "validator" and whole blockchain accepts "transations" it has validated. If several must validate then ETH2.0 is just more bloated IOTA. Whats the point or it existing?

Ouroboros is more elastic than Casper. In Ouroboros you can have several validators minting its own blocks, one is overwhelmed it delegates to another. In Casper each validator works independently to all others so it creates a complicated problem of smart contracts executing contradicting results at the same time but both outcomes are recognized by blockchain as valid.

>>30002175
I don't give a fuck, it's making me money

>>30009565

Is ADA the ultimate reddit coin? Or is it DOGE?

>>30009647
>is why people dislike the cardano
horseshit. mETH bagholders and youtubers paid in mETH for shilling projects are terrified that as Vardano inevitably succeess, their shitty mETH bags will lose value.

>>30004808
Greetings fellow dapp developer. I got pretty far into a freelancer billing platform but stopped when I realized Ethereum is unworkable and probably has no future. Now I'm just watching the space. Cardano sounds nice but I have no reason to believe it's not a scam. I don't care because I'm not a gambler.

In the meantime I'm working on something that I will one day convert into a dapp when there's actually a platform for it.

Also, do you ever get sick of anons thinking dapps = defi? THERE IS MORE DO DO WITH SMART CONTRACTS THAN LARP AS A JEW.

Why do anons want me to sell my ADA? they keep shitting on it despite going x10. they say bag holders when literally everyone who owns ADA already made profits.
I really don't get it, is it because you hate Charles and not the coin itself?

>>30010625
>idk this is why i don't really think cardano incentivizes decentralization
the sad truth is while most cryptocurrencies are still much more decentralized than shitty fiat, they all will to some degree become centralized down the line. Proof of work will always centralize over time because hardware patents and economy of scale and countries with cheap electricity exist and proof of stake will always centralize somewhat because of what you mentioned. Still atleast cardano attempts to build decentralization into their protocol itself with the k factor and stuff and aslong as its open for anyone to become a block creator i think thats the best we can do in this space, ultimately i would take 10 chinese mining farms that have an incentive to keep my currency alive over a shitty government that just prints money if it fucks up again

>>30006228
>smart contracts
Who is gonna write a smart contract in assembly? Not me.

>>30010761
>>30010918
you can make 5 pools too if you're rich enough faggot.
>>30011003
Everyone needs to sign a block (or at least an attestation) to show that they support it. With ETH, all these attestations can be combined into one so by checking the aggregated attestation, you are effectively verifying everyone's signature.
>>30011258
sure i guess that's a good point. but i don't see why they are technically better than eth as people say here.

>>30002175
>>30002175
>>30002175
Deep down inside, you know you didn't make this post because of your genuine concerns, but rather regurgitating FUDs been answered a million times on this board. Here's an advise, there are plenty of things to be proud about being poor and angry, just don't KYS and do a flip off a building or something.

>>30011113
BTC, ETH and doge are the only true reddit coins, all other coins are so tiny that reddit barely talks about them

>>30010625
annd then there's a nearly perfect chain (e.g. Cardano), and no, a chain with double spends and bonus blocks and developers who try to cover it up by deleting explorer pages is worse than nothing

>>30011174
>Also, do you ever get sick of anons thinking dapps = defi?
NFT trading card game when? Its a billion dollar idea someone just has to get the talent together

Fundamentals fag here, Cardano has the upside potential to go to $30 by the end of the year without taking any of ETH's market share. If it does start to take ETH's market share, it will be more like $300 by the end of the year. Long term it has even more huge upside potential, it's just subject to manipulation by chinks that will try and pump and dump it. Long term though it's a decent hold

>>30009079
> DD thread
> Why are you attacking my favourite crypto project?

How can you be so brain dead. Imagine being blindly in love with a project to the extent that DD and actual criticism is seen as hate.

>>30009596
> it is claimed that “DPOS” in the Ouroboros paper stands for “delegated proof of stake”, while in fact, DPOS means “dynamic proof of stake”
This is anothear issue I have with cardano, using different terms from the industry. Their paper uses DPOS to refer to dynamic proof of stake but it doesn't change that their model is a variant of delighted proof of stake which is from 2014 (https://bitcointalk.org/index.php?topic=558316.0).). If you actually read the papers then you'd come to one of two conclusions:

* they didn't do their research to find prior work and reinvented the wheel
* the knew but didn't reference the prior work becuase...???

> Ouroboros is unique in that it was designed in tandem with a formal security model and a mathematical proof that it implements a robust transaction ledger.

The thing is this isn't a strong redeeming quality of a consensus model. The formal security model is the point of contention and just because ouroboros is proven against this model is meaningless if another security researcher has fundimental disagreements with your model. At the end of the day you can't "prove" one model is better than another, at the end of the day there ware always tradeoffs.

> This brings us to the final distinguishing advantage of the philosophy of Cardano. Scientific peer review has been refined over centuries.

This is also a fallacy that cardano often falls to. Peer review isn't the be and end all of quality. Plenty of valid criticism has been given through other mediums and for the most part Charles responds by dismissing them though a layman's explanation of their vision (just see the latest video)

I don't agree with all of Dan or Vitalik's criticism but the above really annoys me.

>>30011259
that's zksnarks. zksnarks are really hard to code because complicated math. optimism lets devs just copy and paste code. it's literally like bsc but a L2 which means it inherits eth's security and decentralization.
>>30011399
they still got their chain up and working in like 20% of the time cardano has spent. so they definitely deliver faster.

>>30011358
>sure i guess that's a good point. but i don't see why they are technically better than eth as people say here.
I havent had the time to read up on any of the ETH2 stuff, i think PoS is superior to PoW just because it removes all these gametheoretic attacks that originate from the resource not being the currency itself. Also because fuck hardware patents and fuck GPUs being nonexistant in stores for months on end.

>>30011557
meant zkrollups fuck.
still immutablex, dydx, and loopring are using it, so we know it's 100% viable.

>>30011358
>5 pools
100k validators is a meme. how many is vitalik running all by himself anon? 500, 1000, 5000? how many people are running 20 validators, 100 validators, how many tens of thousands of validators are being run by centralized staking as a service eth 2 phase zero providers?
what happeneed to casper sharding??? ahh that's right, pizza havkathon devs coded themselves into a vorner yet again and they just quit - sharding cancelled.

>>30002175
not selling
sook-mah-deek

>>30011557
>they still got their chain up and working in like 20% of the time cardano has spent. so they definitely deliver faster.
i'd argue thats a negative, one of the earliest blogposts about cardano in like 2017 said that they could easily rush out smart contract implementation but that would only lead to fundamental problems down the line, theyre taking the slow approach. Is the slow approach ultimately gonna kill em because by the time their done the network effect of other coins is too big? No idea. Do i think its all a scam and they arent actually working on it? Definitely not.

>>30011557
>hey still got their chain up and working in like 20% of the time cardano has spent. so they definitely deliver faster.
that'a the whole fucking point. cardano could have launched with shit tier smart contracts back in 2007 with zero difficulty. that is now what cardano is about. AVAX rushed to market and is now a double spend chain - what a shitshow

Is the hard fork done?

>>30011515
im long on ada but $300 EOY is psychotic. You dont grow from 40b to 12t marketcap in 12months.

>>30011715
You fags still have not answered my question. Let's say you're kraken or some other normie exchange and you get 30% of the supply from normies to stake. Why can't you open multiple pools to bypass the saturation problem? Also the goal of allowing thousands of validators is so any fag with 32 ETH can make their own validator without having to trust the guy they're delegating tokens to.
>>30011824
optimism is launching this month though. their slow development time is going to bite them in the ass.

>>30011824
>the network effect
>https://youtu.be/GJANeEkj408

>>30011358

Sorry speak in plain english as Im not native.

In ouroboros one validator (right now its one but more is planned) forges a block and its results are accepted by blockchain by virtue that other validators try to recreate this same block and if they produced the same result they accept the block and next block if forged on top of it.

In casper as I understand it each validator forges his own block and the blockchain just accepts it as valid. It all works fine if there is no fault in the block.

What if somebody executes smart contract in brasil and another party executes the same smart contract in another part of the world producing different result.

Ie 2 people have acces to the same wallet and one sends their ETH to wallet2 and another sends their ETH to wallet3. Before both parties sync new block is produced and now we have double the amount of ETH.

Its a real problem and I don't see Casper as superior to Ouroboros. In theory it is more scalable but there are many chokepoints Vitalik needs to solve.

>>30012010
i'm talking about the myth of deventralization that the 100,000 validators is. total fucking myth and you will not engage with it, you shift the goalposts. vitalik running 1000+ validators? 5000+ validators? are 50,000 balidators run by a single staking as a service provider or is it just 25,000 with one guy in charge? i think you understand very well.

>>30011914
For reference you don't just assess market cap. If ADA rivals ETH and starts to take market share the amount of ADA on the open market will plummet. This will just lead to higher prices.

>it’s just dumping while everything else is pumping
Epic coin bros!

>>30012010
>optimism is launching this month though. their slow development time is going to bite them in the ass.
It really depends how big this space will still grow. If its gonna go global and grow massively then theres still plenty of time since that will take possibly decades. Who knows, the king of coins might be one that hasn't even been whitepapered yet. If however crypto will stay somewhat niche and never go truly global then yeah their slow approach might fuck them. The funny thing in the end is no matter how good your chain is all it takes is some japanese nerd to create the next pokemon sized dApp on a chain and that one will explode even if the chain itself is shitty so ultimately the dApp devs still hold all the cards

>>30009210
>>muh hashgraphs
Closed source shit.

>>30002175
im a newfag and im excited about ada and i haven't even bought it yet

>>30009596
this boomer gets it.

>>30003065
Holy fuck! Imagine if there was?!!!

>>30010963
this: Eth is literally just a gambling casino with high fees and a network that can stop you from selling out of the shitcoin of the week before everyone dumps their bags on you.

There isn't any working product with Eth that does anything that can be applied to the real world unfortunately. It doesn't even do that great of a job at being a casino sometimes lol.

>>30012010
>Let's say you're kraken or some other normie exchange and you get 30% of the supply from normies to stake. Why can't you open multiple pools to bypass the saturation problem?
they could try. not gonna happen though. K is about to go to 1000 and over time the largest exchange on earth only holds less and less ADA.

>>30011370
Bull-fucking-shit. ADA is shilled on reddit non-stop.

>>30012039
Ive seen this video. Im hopeful charles is right but if crypto stays niche and never truly blows up as much as we all hope it will then he might be wrong. I doubt it though. Or the alternative is that crpyto will go global but it will be so slow that by the time it happens we are all dead in which case the network effect existed, just for our lifetime but thats all that matters to us.

>>30012472
no anon... ETH has a death-grip on leddit like no other coin and has been for years. leddit is one giant ethereum wank-fest. your head is buried in the sand.

>>30012040
If there is a fault in the block, someone will call you out on it and you'll get slashed. Half of the money is given to the person who called you out, and half gets burned. So you basically lose money for trying to do double spends.
>>30012254
the point is that right now, I can spin up a validator if I wanted to. There is no k value like in cardano which puts a limit/disincentive on the number of pools. With cardano, there is the k value which is set to 500 right now. the k value specifies how many validators the network wants. sure, many people are running 100 validators but poorfags like me can also run a validator and earn interest without having to trust the guy i'm delegating to.
Also how many fags do you think have as many eth as vitalik?
>>30012302
optimism is pretty big news imo. people love shitting on L2 because no one uses the lightning network, but all it takes is for uniswap to move there and now everyone wants to build on optimism. i'm accoomulating UNI tokens because of this.
>>30012451
There's no k value in eth2 which makes it more decentralizeed.
>>30012566
go on r/cryptocurrency and tell me that ada isn't the reddit coin.

Cardano is literally THE Reddit coin and it will destroy so many lives it's not even funny

holy shit you morons are gonna seethe so hard when a bunch of newfags get rich from ADA lmao

>>30012497
have you seen his video titled the island, ocean and pond? that's when I realized there's no stopping Cardano. sounds like they're going to get to more languages very quickly, much faster than originally expected.

>>30012566
Reddit is full of people complaining about ETH's gas fees, I'm not sure where your wankfest narrative is coming from.

Honestly, if the FUDs spent just a little time looking into the project they would know that most of their criticisms are foolish. The one legitimate criticism is the slow nature of the project thus far. However, they were busy doing things others weren't and it's just a fact that they have the best actual solution for the problem. They have thought through it all...and it's fucking launching now. No, not all at once, but the rubber is meeting the road. In less than a year's time we will start seeing people mentioning missing out when Cardono was less than $2 and, in hindsight, all the writing was on the wall.

>>30012472
Maybe? I rarely go on crypto reddits because they always seemed like maximalist garbage with no productive convos happening so my only real impressions were r/cryptocurrencies back in 2019-mid 2020 and all i saw then was eth this, btc that eth this btc that blablablablabla

>>30012685
>There's no k value in eth2 which makes it more decentralizeed.
not having a k value does not make something more decentralized.
>go on r/cryptocurrency
for the past years it has been an ETH hivemind, you saying that's changed? if so, good.

>>30012472
It's been shilled on /biz/ for long time newfag.

>>30012835
You understand what the k value does, right?

>>30002175
Why aren't ETHfags seething more about other shitcoins?
Because they see Cardano as a real threat.

>>30012884
I've been here since 2016, nigger. No one took ADA seriously until the recent price rise.

>>30012807
based. there was a post on r/cryptocurrency where some normie tried to convince other normies that NANO was going to flip BTC. The nly reason why I still go there is because it's super easy to farm reddit tokens which you can then sell for money. I unironically made like $5k doing this in a few months

>>30009853
There's nothing to stop a malicious exchange except the cost of accumulating 51% of the tokens, just as there's nothing stopping an eth 2 staker from accumulating 51% of the staked eth. Once again the same problem applies to exchanges and ethereum once eth has unstaking.

This said cardano initially tired to address this by having "enterprise addresses" that can't stake or perform governance. So far this hadn't really been effective (https://www.reddit.com/r/cardano/comments/js6zbp/it_seems_that_exchanges_are_not_using_the_correct)) and I've not seen any updates to solving this problem. Perhaps another anon can chime in here.

>>30010402
What are you talking about? As seen from the above reddit link exchanges could do whatever they want.

>>30010625
This line of argument that you have to rely on people to properly deligate their stake is inevitable.

"make sure to mine and contribute to the hashrate"
"make sure you're keeping the mining pools balanced"
"make sure to run a staking node"
"make sure to deligate and contribute to the governance"

Cardano staking is probably the most user friendly solution that I've seen so far, there's plenty of good incentives that aren't seen in other PoS schemes.

>>30010823
It's a simply calculation. Grab a market cap from your ass, let's take Ethereum's current cap of 175B. Divide that by the maximum number of ada (45B) to get $3.89.

>>30010834
English, do you speak it?

>>30012776
Ah yes I'll be so disappointed I missed out at $2 and need to buy it at $3 instead. What a shame.

>>30004530
yeah, bsc unironically exposed ada and polkadot, and all of these "better tech" platforms. nobody gives a shit, bitcoin is still the only store of value in crypto. all people want are ethereum with lower fees, layer 2 networks are the only innovation the market is going to bother with for established usecases anymore

>>30012685
>Also how many fags do you think have as many eth as vitalik?
tons of ETH fags with thousands of ETH, fucktons with multiple hundred. you don't have to trust anybody on cardano. the stake pool operators NEVER control your crypto, and the NEVER control your rewards. you are rewarded directly from the protocol and your crypto can be kept in a cold wallet the entire time. there is nothing to trust. they have a free-market incentive to perform and their desire to turn a profit is something you can trust in, it's called capitalism and the free market.
statistics for pools are all public. there is nothing to trust, and since there is no lock-in you can switch pools at any time you like.
https://pooltool.io/

made 100k on ADA cope faggots

>>30013072
Sure I guess that's a fair argument. but you do get slashed if you have someone else stake for you and they do a shit job with eth. you don't lose anything with ada though if you delegate to the wrong guy.
thats why i think there is a greater incentive with eth2
>>30013197
my point is that not losing anything if the pool controller does stupid stuff is a bad idea because it removes the incentive for delegators to care about who they're delegating to.

>>30012917
yes I do anon
>>30013028
wrong faggot. i've been here since 2017 and all cardano threads were bombarded with shit for brains shitting all over everything with FUD. now that cardano is literally unfuddable I'm here in force and fearful faggot fudders can fuck right off.

>>30012917
Eth pos looks less sophisticated and more vulnerable.

>>30012917

You can have 100k stake pools on cardano right now.

It isnt affected by k how many pools can exist.

Cardano is in its infancy give it time.

>>30013028
>Knew about ada since birth
Hahahahaha you fudded ada since it's inception and still got priced out hahahahahahahaha what a faggot.

Kinda scared rn boys, are we up for a red day?

>>30013072
>This said cardano initially tired to address this by having "enterprise addresses" that can't stake or perform governance
they're still working on that, charles mentioned it in his last video addressed to Szabo
>https://youtu.be/w2bhIQdzeI4

>>30013385
he literally described a 51% attack. you can not stop a 51% attack.
>>30013389
would like to see proof of that statement.

>>30002969
Fantom

>>30012807
Of course, but things are much different now that we're in a bull market. Many consider BTC and ETH as boring, blue-chip crypto and are hoping to get in on the next big thing.

>>30012445
That's unfair. SNX, DAI, AVAX and DOT are all valid, but the shitcoins do show up the problem of a move fast and break things approach to finance.

>>30013532
>he literally described a 51% attack
Ah you can read! Congratulations!

>>30012445
this was my suspicion seeing as i’ve only ever used it to move shit coins or buy shit coins or shit coin my way about the market. and gas is retarded the entire thing is sperg central

> TRASH! TRASH! TRASH!
>SHILLERS WITH TRASHTOKENS ON BIZ
>TURN ALLERTS ON, PAJEETS GO HOME
>I AM HERE JUST TO ROFL ON YOU
>STAK JULD AND DRINK TEQUILA
>MY WAY TO HAVE $$$

>>30013606
If there is one thing i know about crypto then its that if we could for 1 second open coinmarketcap from the year 2040 right now we would probably be shocked, for all we know someone could come up with a chain tomorrow that flips both eth and btc. Its such an exciting space because its still so young

>>30013663
so how is the guy saying eth2 's consensus is more vulnerable?

>>30010100
who the FUCK is michael you keep talking about, retard? nice digits tho

>>30013354
>my point is that not losing anything if the pool controller does stupid stuff is a bad idea because it removes the incentive for delegators to care about who they're delegating to.
I don't think it's as simple as that. that's where the game theorists take over. That's some god-tier math and there is no simplifying it to a Vitalik philosophical tweet storm:
https://iohk.io/en/blog/authors/lars-brunjes/page-1/

https://arxiv.org/ftp/arxiv/papers/1807/1807.11218.pdf

https://en.wikipedia.org/wiki/Nash_equilibrium

>>30013370
>now that cardano is literally unfuddable I'm here in force

>>30013532
>you can not stop a 51% attack
cardano is going to build out recovery from spikes of dishonest majority into Ouroboros Omega should IOG be chosen to continue with protocol development by the community.
>Consensus Redux: Distributed Ledgers
in the Face of Adversarial Supremacy
https://eprint.iacr.org/2020/1021.pdf

>>30013532

There are 1,873 pools at this time and k is 500

WHAT? k is lower than active pools? How can it happen?

k is just a factor so ADA is delegated to more smaller pools not a centralization method.

>>30014093
You still haven't given me proof that ada could support 100k validators.

>>30013900
yes anon, you might not like it but it's true. and I do say I've been quite effective.
>ghost chain
native tokens live today, now what are you going to say?
>no smart contracts
goguen is inevitable - Q2. use the devnets to build your projects now to be ready for the launch.

>>30014291
it doesn't need to right now, and since a validator does not = an individual and since there are individuals running thousand(s) of validators and staking as a service providers running tens of thousands of validators, who gives a fuck how many there are. it could be 1million total validators run by 100 guys or 100 total validators run by 100 guys, decentralization is the same.

>>30014417
I don't think they can do it from a tech perspective. They probably need to use BLS signatures in order to do that, since it would take too long to verify 100000 signatures.

>>30014093
>WHAT? k is lower than active pools? How can it happen?
K is a market mechanic. it sets the optimal pool size for optimal rewards. at K=500 the optimal # of pools is 500 and that sets the saturation threshold for the pools. optimal rewards occur exactly at the threshold. more than the saturation in the pool and you get diminishing returns for each additional ada staked. less than the optimal saturation and the pool will produce less blocks than are optimal and thus diminishing rewards. 1800 pools at K=500 means that people are so enthusiastic that they are willing to run at a loss to have a chance to build reputation and try to gain more delegators. when K=1000 that 1800 is only going to grow. We'll probably be at over 5000 stake pools by this time next year.

>>30013085
I said under $2, thinking $1 or less. Honestly, I would not even get in now. It's a bit late to realize the mistake. The time to buy was well before $1.

Anyways the holy grail of scaling is zkrollups. We know they already work but they are not general purpose yet. zkrollups do not require fraud proofs and they can scale to VISA-level speeds, but they require tons of hard math to figure out. Whoever figures out zkrollups first wins and I personally think ETH is going to come out ahead with this one because they already have working rollups and cardano is still stuck on state channels which have failed on ethereum.

>>30014293
>native tokens live today, now what are you going to say?
where are they

>>30002175

>implying all the other coins aren't just fucking scam projects lead by retards or egomaniacs or both

>>30014496
here's just one provider. rocketpool is anothe staking as a service provider. those validators are all centrally controlled by a single entity at rocketpool, similarly at Staked.

>>30011166
Why do you have to prove me right? Do you have no self reflection capabilities?

>>30011358
>i don't see why they are technically better than eth as people say here.
What about >>30011258
>attempts to build decentralization into their protocol itself with the k factor and stuff

Casper doesn't have any built in incentives does it?

>>30011515
$30*45B=$1.35T undiluted market cap. The cryptocurrency market cap upper bound is going to be around $10T. I think that isn't out of the relm of possilibity. On the other hand $13.5T eoy market cap is ridiculous unless you're predicting the total cryptocurrency market cap to be at least x5 more overextended than 2017.

ETH also has it's London hard fork in H1 2021 which is expected to address gads fees to some extent. I don't expect ADA to take that much of ETH's market share when it's unlikely there'll be as much locked liquidy as smart contact developers will have only had a few months to get used to the platform.

>>30011715
You should try getting involved in ethereum development and start following EIPs instead of just listening to the repeated hype. Here's a link to get your started: https://github.com/ethereum/eth2.0-specs

>>30011824
The slow and proper approach is such a meme.
So far cardano has avoided major problems by taking the iota approach - using centralisation and moving to decentralisation.
This is just a fundimental tradeoff thst most other projects and value decentralisation over theoretical stability don't take.
Ethereum is literally suffering from success, Kusama is working wonderfully and whilst avax had issues they were quickly identified and remedied.

Properly doesn't actually exist and all projects have to make fundimental tradeoffs. So far ada doesn't have anything and therefore doesn't have any fundimental problems to criticise.

>>30014890
Cardano has been researching zero knowledge proofs anon. they've been at a while and since all this research is open source there's no biggie there to adopting whatever the big breakthrough is by any party. also, those aren't required at anything like the kind of throughput that will be needed in the coming 3-5 years.

>>30010569
You can't tame the beast long enough with this kind of fud, It's clear you never took the time to really see what's going on.

>>30014968
https://tokentool.io/
be sure to click on the mainnet button at the bottom of the page. see the user interface in daedalus flight now if you like.

>>30011851
Avalanche is flawlessly implemented, It's the biggest masterpiece this space ever created since Bitcoin. You're a joke.

>>30015141
yes i understand but my point is that the k value seems to encourage, at least economically from a rewards standpoint, reducing the number of pools if there's too many. also saturation seems like it can easily be bypassed.
>>30015231
their proposed method of scaling is still state channels, which have failed on ethereum (oldfags will remember raiden network and plasma and how much eth maxis shilled it, only for it to flop right after). i have not seen hoskinson talk about rollups.

>>30015141
>The slow and proper approach is such a meme.
is faster anon. Ethereum had a 1 year head-start and on proof of stake and cardano beat them to market. Cardano with Goguen will be superior to Ethereum in every way, and with Ouroboros Omega pipeline Cardano will be unassailable. Goguen is 1 quarter away. Ethereum's move fast and patch things later now only was SLOWER to market with staking, but without the kind of clear vision that Cardano's approach offered, without that the Ethereum developers did in fact get stuck yet again and yet again they have had to switch tactics entirely, sharding has all but been abandoned. For years we've been preached at about how sharding was the godsent manna from heaven and that ETH would scale wonderfully through sharding, then when the devs couldn't figure it out, the narrative switched to... L2, L2 guys! that's the ticket! L2 was always the best way to scale! just use L2! we'll patch the hell out of all the problems this creates later, nevermind we have no idea how we'll accomplish that but it'll come.

Cardano's slow and proper is winning, is faster, and its momentum is unstoppable at this point.

>>30015368
why does this look like spam

>>30015624
>Their proposed method of scaling is still state channels
yes, fast isomorphic state channels. that's the easy low-hanging fruit, and it will take cardano to 1million+ transactions per second with instant finality. That is the easy low-hanging fruit and it works beautifully because of the design of the Cardano's extended EUTXO model. Sharding is what takes it to the next level beyond that. but like you say, data-pruning and zero knowledge proofs will be required with so much data flowing through the systems.

https://iohk.io/en/research/library/papers/soniczero-knowledge-snarks-from-linear-size-universal-and-updateable-structured-reference-strings/

>which have failed on ethereum
comparing ethereum's attempt at an accounts based state-channels system to an Extended UTXO based state-channels system... I do not believe that's appropriate.

>>30002175
1) Cause Cardano is scamcity
2) Cause Cardano is scamcity

1) Nothing
2) No
3) No specifics
4) No, Smart Contracts on Cardano will take the rest of 2021 to roll out.

>>30015556
>flawlessly implemented
>bonus blocks
>double spend
>flawless
I can't help but wonder what other flaws will surface after the doublemint gum calamity.

>>30015871
there's the testnet version and the live version... you have to click on the bottom button on the page to switch between the two. many of those tokens will be worthless, others will be quite the opposite. Many are likely NFTs being deployed. the NFT market is hot right now and NFTs can now be deployed on cardano.
>BerryBlack
>BerryBlue
>Berr...
probably NFTs

>>30002691
>not a mass exodus but defi devs will need to start looking at other chains, eth is gonna slowly bleed out this year
https://cryptonews.com/news/scaling-coming-to-ethereum-in-march-optimism-announces-main-9344.htm
This is likely going to make not only other eth killers irrelevant but also every other L2 and it's happening within the month. Don't marry your bag man, keep a moonbag/long term bag if you want but don't go full retard.

>>30016212
You can lie (Or troll really, The bonus block fud is a literal joke lmao) as much as you want, but lying to yourself will only damage you in the end.

I emphasis, Avalanche is the only innovative first layer implementation that we've ever seen in this space since Bitcoin, A single bug that doesn't concern consensus proofs and didn't compromise security (Thanks to Avalanche robust design) in 6 months after the chain first started running is a MAJOR achievement. Projects who didn't have any bugs simply never were innovative to begin with and just forked mature works that already had to go through all the testing.

I punch myself for even responding to pajeets like you

If the actual credentials and technology mattered, Algorand would be the one crabbing at $1.25. Instead it’s crabbing at $1.05, which is where I bought into Cardano and profited by more than 20%.
So, better question: when will ALGO moon and how far will it go?

>>30003104
>in at .20 Im rich!!
>t.imbecile
since I got in at .8 & sold at 1.30 idgaf
also got in ksm around $5
Elrond for less then a penny
Eth for under $50
bnb under $20
funny that those projects actually work & that they have 10-100x'd in price.
but yeah hold your non functional vaporware thats four years behind its own schedule

>>30002333
The trips of truth.

>>30012040
You have a fundimental misunderstanding of Casper. What you have described is naive proof of stake and the nothing at stake issue. The best resource I can provide is this set of slides on consensus algorithms: https://docs.google.com/presentation/d/10YH5ssdES2C228SwDoQI3kM1X-mMw3NhHjlESPYi9iY/
They should also cover what seems to be the Byzantine generals problem that you describe which if you think about it also applies to your explanation for ouroboros.

>>30012445
Link, Uni, Aave, Snx, Dai (Mkr) just looking at market cap. If you think these are just casino projects then you might as well get out of the cryptocurrency market. Nobody is forcing you to buy shitcoin anon.

>>30012451
Nothing stops an exchange from having multiple pooos, k can be whatever they want but until cardano has built in features to verify pool ownership there's no k value that can stop exchanges from holding the same amount of ada.

>>30012776
Ah yes, more ada evangelism. Please, most of the discussion in this thread is really good and addresses some fundimental tradeoffs that cardano makes. Instead of blindly thinking cardano is the perfect project maybe use some of these points to accurately predict a time that it'll remain above that price. Then it can be a useful prediction when compared to the prediction for the price of another project at that time.

>>30012985
Did you not see the anger over BSC?

>>30013197
RocketPool or other trustless solutions easily address the eth requirements in a trustless manner.

>>30018274
are you a berkeley student by any chance?

>>30013354
DPoS makes the tradeoff that not everyone will run a staking node yet can participate in block creation. It sacrifices slashing of stake for no potential rewards. On the other hand non delighted PoS makes that tradeoff that users don't have to deligate but only those who can successfully run a staking node (good uptime, connectivity, etc) can participate in block creation.

Even under ethereum you can impliment "trustless" (under certain conditions) staking pools.

Under DPoS participating in block creation is built into the network and doesn't require any specialised knowledge or hardware. It obviously doesn't make sense for stakes to be slashed under deligation as this would disincentive staking. If your deligator is misbehaving you don't receive rewards so you're incentivised to switch pools.

There are tradeoffs and I don't see how you can think one is superior.

>>30013385
Literally a similar attack can be performed on cardano.
>>30014090
Literally the first line
> Consensus in the presence of dishonest majority is impossible
The attack described in the paper seems to assume the adversary can only continue attack under a fixed budget, which is not the case for collusion. Their results only apply under the case that a dishonest majority can only maintain a limited attack.

>>30013474
Thank you for the link. I saw the video but it doesn't really add much that hasn't been already said. My understanding is that the restriction would have to be part of implicit policy and/or regulation rather than enforced as explicit resictions, at least for the short them.

The longer term goal that most projects have of true, on chain governance has it's own issues, especially when it comes to external regulation. It's an interesting area and I'm looking forward to their research.

>>30014890
Rollups do nothing for consensus, which has been a large talking point of this thread. They also don't solve cross chain bridging.

>>30002969
>Eth has the most promising thing from crypto
eth maxis have room temp IQs

>>30020365
ok guess we'll have to agree to disagree. Also, my rollups comment was on the topic of scaling, not consensus. Sorry if you thought i was talking about consensus.

still try to get profit with this erc gas?
what a tard, use BSC platforms, hold SWG and get bonuses every day

>stop wasting your time with shitcoins

>>30020915
there are no eth maxis
just people who use functioning platforms
there's like 5 of them now
if charles wasn't busy sniffing his own farts out of a wine glass & posting vitalik seeth for the last 5 years he could have been a competitor when it mattered.
cz saw an opportunity & since he's a ruthless business man he took it.
all the eth shit will be fixed & 6 other solid playforms will be established before cardano vaporware eras end.

>>30003104
>Crypto is almost entirely speculation.


This Polka fags have nothing to show and ETH has $100 fee's. All of these are far from finished products. Purely speculation and hype at this point.
Just make insane gains and dump on the boomers in the few months.
Rebuy at 90% discounts about 18 months from now.

>>30003579
>"because it's cheap and going to be better than ETH"

Where is the lie though?

>>30002175
>Why does the crypto community at large hate Charles and ADA

????????????

it was third in transaction volume (not market cap) of all cryptocurrencies the other day, literally only behind ETH and BTC

YOU and some weirdos on /biz/ hate ADA, not the """"community"""" at large lmfaooooooooooooooo

>>30015624
> yes i understand but my point is that the k value seems to encourage reducing the number of pools if there's too many.
More decentralisation is better no?
> also saturation seems like it can easily be bypassed.
I don't deny this one.

>>30015791
I'll believe it when cardano launches smart contacts, we see bridges and both the locked and finalised value in cardano is greater than ethereum.

Most crypto projects have the benifit of looking at eth to see what issues they'll face if they get big but there's no evidence they'll do any better in the lead.

In the ethereum timeline London will also happen in Q1 and it's L2 solutions are ramping up. Sharding is set to come out before EOY.

Cardano has more hype and it looks like its beginning a sprint but I think it's important to reserve judgement until it arrives.

>>30021245
I'm surprised, do you really believe the eth 2 staking requirements are a much better tradeoff in promoting decentralisation? The difficult for those without hardware, knowledge or reliable Internet to host their own node? This slowly incentivises centralisation of staking nodes in cloud services?
I just see too many tradeoffs to call one better than the other.

As seen by L2 or parachain solutions scaling by itself isn't that useful. Is there really a benifit of L2 @ 100k tps vs 10k tps if both are stuck with moving back to the main chain if transacting with other networks? It is for this reason I don't see how rollups will really change anything even if they are released.

>>30004501
>LINK brigade mad af. Enjoy fading to irrelevance faggots

This.
Link faggots went from $21 to $29 today (196 days.
ADA went has 10x in the same time period.
Now faggots want to have some childish "MUH fundamentals" talk.
Marines get eternally BTFO

>>30000000

So /biz/, how low can we reasonably expect it to dip between now and the Q2 Goguen launch? I have seller's remorse.

>>30022378
If you have 32 eth you should be able to afford good hardware to host your own node. Also eth ontime requirements are much more lenient when compared to ada, so your arguments could be said for ada too, and it would apply more too. i also believe you need better hardware for an ada validator since they claim to be able to process more tx/s so more state growth. i guess i could be wrong about people with 32 eth being smart/rich enough to be able to set up their own validator, but the fact that the protocol lets you set up a node on standard home internet and a standard computer is a big plus in my opinion. i probably am not normal and i definitely see the appeal of just trusting binance to stake my eth, particularly for someone who's not that good with tech. in the future, i think someone will come up with a plug and play type of validator where anyone can just buy it and plug it into their internet and power, and it'll automatically validate.

as for rollups something as simple as an atomic swap would allow you to move fungible tokens between two chains, right? I'm pretty sure there are smarter ways to do it. the goal is that eventually L1 will only be for data availability for L2.

this thread fucking sucks

>>30023186
If you have 32 eth. That's if you have $50,000 that you can invest. At best that's 20% of the global population. Its a combination of having the money, resource and know how. Even with the current ethereum users there's probably less than 20% which meet that criteria. Plug and play validator don't solve this issue.

In comparison everyone is both incentivised and can easily help secure a DPoS network through deligation. ADA's current staking is something like 70%. DPoS naturally also leads to a governance scheme whilst ETH is run by Vitalik, BDfL.

As you've suggested for the majority of ethereum owners they're going to turn to centralised services like binance which in turn reduces decentralisation.

>>30002333
>this shit is fucking useless
if I'm day trading though who cares

>>30022228
>it was third in transaction volume (not market cap) of all cryptocurrencies the other day, literally only behind ETH and BTC
>YOU and some weirdos on /biz/ hate ADA, not the """"community"""" at large lmfaooooooooooooooo
wew lad
maybe that volume is a result of mouthbreathing niggers & women pigpiling in while smart money dumps bags on them.
anyone who's been around since 2015 has charles embarrassing antics unfold & would sooner buy white dog shit then xrp2.0
scratch that
xrp actually released a working crypto
bitconnect2.0

>>30002175
>So /biz/, how low can we reasonably expect it to dip between now and the Q2 Goguen launch? I have seller's remorse.
number small me buy anon idk wtf you mean

What the fuck is the first coin?

>>30002175
Let's be real. When you watch his videos and go through the website of Cardano with its post-leninist techno hippie babble, it's obvious Charles's goal is to let niggers babysit your kids and be caretakers for the elderly in retirement communities. Underneath it all the subtext it quite clear. He wants you to remain naive and to not cross the street when niggers are afoot. When Charles is talking about oracles and blockchains what he really mean is that interracial docking is the key to solving existential inefficiency and loss. Charles doesn't understand how bizarre and disconnected from modern reality Africa really is. Charles has never been robbed at gun point then invited to by his muggers to eat dinner with the family after posing in a photo together. Charles never has seen the village daughter get gang-raped by the tribe to feed the collected semen to the elders as a magic youth potion. Charles never tried to show niggers how to make an hourglass out of a water bottle only for them to poke hole through it because they think it would make the water heat up faster for cooking. Maybe if Charles watch even an old Vice documentary, he would understand that you cannot fix a people stuck in time with mobile remittance capability through the blockchain.

All in all even if you were to take away their kleptocratic regimes, you are left with a communal high time-preference oriented people who are culturally poised to always consume away their capital when not under the supervision of the white man. The only solution for Africa is a smart gas deployed all over the continent that develops their prefrontal lobes like in Planet of the Apes.

>>30024444
Lol a cia psyop in the form of a crypto, neat. Also checked.

>>30024163
It could be argued that on chain governance isn't that great (just look at what happened with Binance and STEEM). But you make valid points. My hope is that in the future the eth community comes up with some way to not have the whole thing degenerate into dpos with like rocketpool, binance, kraken, and a few other entities.

>>30024444
Nice quads
token looks like its got something to do with faggy sailorboys from nyc

Hey anons I need some help here, if I’ve got my Ada in my trust wallet and it’s on BEP2 how do I go about sending it to a daedalus wallet I’m going to set up? Does the chain the Ada is on matter? thanks in advance for any help with this.

>>30024786
Yeah, on chain governance hasn't been a well researched area and I'm hoping IOHK can make some breakthroughs here.

> My hope is that in the future the eth community comes up with some way to not have the whole thing degenerate into dpos with like rocketpool, binance, kraken, and a few other entities.
To be honest I hope so too, but most of these services provide a lot of incentives above normal staking so without any changes the writing is on the wall.

>>30024589
every scammy shit token tries the 'we are fixing africans economies'.meme

1. Because it makes most of their tech obsolete as the one crypto that actually works at scale without pow and with various features. ETH 2.0 would fit this category too, but shit is taking forever. Also ETH has no emission cap.
2. Dunno, but probably not being fucked

Second part
1. Smart contracts Q2 this year
2. How would there be if smart contracts aren't on main net?
3. Read the roadmap https://roadmap.cardano.org/en/goguen/
4. Maybe, it will probably take a while. Smart contracts aren't coming out in March. AVAX / Polka / etc aren't as interesting of projects to me, they are in the usual speculative space. ADA seems much clear in what and how things are being done. Furthermore, layer 2 solutions need a good layer 1 to work with, which doesn't exist. ETH is all fucked in various ways until 2.0, and BSC is a complete joke (which nets me some profit, but I'm getting the fuck out of it this year, centralized pos)

>>30024986
Send it back to binance and withdraw it into the ada blockchain to your wallet directly. I think you'll have to wait though as Binance is going through upgrades to their ada wallet.

>>30024986
> I've got my ADA
That's your first problem right there

Fuck, it's over isn't it. The price is plummeting

ADA is reddits 2021 version of NANO and WTC back in 2018. ADA is written in haskell and the docs are shit. Good luck with that. Seriously as a coder the only thing worse then haskell. is writing haskell to have it peer reviewed by trannies... LIke ADA. Fuck eth as well but ADA is literally worth .02 cents. No joke.

>>30025168
Thanks!

>>30025183
I didn’t buy it to make profit you seething cuck I clearly went all in to save Africa and lay the foundation of wakanda

>>30003065
Liqwid Finance is being worked for Cardano and SingularityNet is moving to Cardanonas well. That's all i got

>>30022936
I don't think it's going under 1.2 if with BTC and ETH bleeding 20-30% ADA just touched floor at 1.2. There is really no incentive to buy ADA when just holding you get 5% and it keeps going up. Native tokens released today, smart contracts Q2, you'd have to be a real high IQ day trader to not fuck up selling+rebuying.

>>30022936
Not trying to be funny or anything but looking at this simple chart, I would say it can probably go down to 1.1 or a bit lower, it seems to dip hard then go back up hard and so on, we are currently in the middle of a drop, watch closely between today and the next few days.

>>30006376
>Gavin Woods emailed Charles Hoskinson
Watch out guys, a pedo emailed a fat fuck narcissist. ETH is kill for sure!

>>30022936
$0.80 at absolute lowest but it's had problems going down passed 1.20 and holding there as is

If it does get artificially driven down below a dollar it will shoot back up before burning out into a crab dance

>>30002175

Holding on to 20k for a few years.

>average price 0.18

>>30002969
>The only chain worth anything is Solana
What about FTM?

>>30004227

Literally the most decentralized network
>eh ADA is quite centralized

>>30025990
the "hard drop" between 1.19 and 1.48 is the 45k BTC flash crash. wtf? this coin is stable as fuck

>>30026276
Yes

>>30025237
Listen, reddit like trannies and niggers and ADA has plenty of those. This is a surefire pump as soon as redditor's get some GME money. ADA $25 eoy.

>>30002333
checked. this is the truth.

>>30025237
>haskell bad
Get a load of this brainlet cope. Go back to code your js with dynamic typing and mutable state everywhere, shoo shoo

>>30002175
1. Why does the crypto community at large hate Charles and ADA

People on the internet are like middle schoolers - they reiterate what others say to fit in. A kid who likes chocolate milk will throw it away if the cool kid in class says they don't like chocolate milk.

The crypto community at large doesn't hate Charles and ADA. You are in /biz/. This is a hive of retards who jerk off to cartoons.

2. Why do only newfriends and people who don't quite understand tech like ADA and Charles?

If you listened to retards you'll only think newfags are into Cardano which simply isn't true. Look at the market cap and tell me - are all these people newfags on /biz/?

The crypto community does not hate Charles. Only the weebs do.
This happens because Charles like to dress kimonos (or whatever that dress is called) and this evokes the japanese tradition of the samurai, which is antitethical to weebdom.
The weaboo fears the samurai. A grown adult calling a pillow a "waifu" would be mocked and punished in a traditional japanese society.

>>30027338
fuck you bro. Charles would fuck your wife and nut in your sister. You would be lucky just to lap up that sweet sweet ADA Charles Cardano nut that he just filled your loved ones up with. Buy the dip, you jealous faggot.

>>30028507
It seems my post touched a weebs nerve, kek.

>>30002175
>spoon feed me - The Post
I'm pretty sure bitches ain't gonna keep trading $100 fees per tx on eth when they'll be able to interact with the same exact contracts on ada for basically free. ETH is the myspace of smart contract platforms so you can go ahead and get left behind trading your $102 for 2 bucks of Cumcoins or whatever the fuck is so revolutionary about the current state of DeFi on eth. Everyone else will be moving on to next gen crypto.

>>30002175
>1. Why does the crypto community at large hate Charles and ADA

He's mostly correct about how a project and company should be ran. Started working on cardano almost as a DARPA project look at everything from a fundamental standpoint, bottom up, scratch, write peer reviewed scientific papers, rewrite ect. Heard he turned down a significant amount of eth purely out of fuck you. So there's also that about him. You can give the man a significant amount of money and he'd still turn it down if he thought it was the wrong thing to do.

>2. Why do only newfriends and people who don't quite understand tech like ADA and Charles?

That's ur opinion.

After this, please answer these questions for me.

1. What is being developed for ADA at the moment?

Smart contracts aren't like so nothing on chain. The plutus playground is up so projects are probably writing code in preparation for main net.

Liquid: https://www.liqwid.finance/
AGI: https://singularitynet.io/
Celsius: https://celsius.network/
DNAtags: https://sanp.us/

There are probably more I'm missing. What I can get off top.

2. Is there any kind of defi being built for ADA?

Liquid was one, but IOHK will also be working in house on a dex and such things.

3. What is in the works for ADA? Specific sources?

They posted the roadmap.

4. Do you think the March implementation of smart contracts will cause a mass exodus from ETH onto ADA, when this hasn't happened with AVAX, Polka, etc. Will this March implementation be able to be more attractive than L2s?

Who knows, if I was a developing on eth I'd be pretty damn frustrated with the fees. If ADA pulls off the erc20 converter, and you can write smart contracts in all the other languages they posted including js, I'm sure if open a door the new devs, not just the ones who are already here. But I'm sure they'd move over regardless, if they don't then another can just fork their code if it's open source.

260k sacklet.

HOLY FUCK.

Im gonna have an aneurysm reading this shit post.
Someone please just tell me what to do. HODL OR SELL

>>30002175
It made me 30% profit. I don't give a shit about anything other then money.

>>30002969
>it's because ETH has the most promising thing from crypto

>>30002175
>ADA fudders not realizing they're talking about ADA just like everyone else

Nice advertisement.

ADA to the moon soon.

>>30002175
Op.
1) Hes literally the basedjack face.
2) Because they didn't get suckered in by his vaporware snake oil pitch.

1) Nothing is being developed.
2) No. No DEFI.
3) Nothing in the works for ADA
4) Smart contracts are coming in march honestly.

>>30025569
>liquid
lel are they still going after the exitscam?

I remember how most voins tgag mooned hard had FUD thresds like this.

I guess OP just needs to acumulate more before moon mission

>>30030460
What price you buy at? Prob hold for a long while if you got in at the top, maybe consider staking in the meantime

ADA is just a ponzi scheme for Charles to fund his black tranny hooker fetish and do coke in vegas and all you normie reddit retards buying ADA are funding it

>>30033941
Bullish.

>>30033941
just bought another 10k off the back of this post

>>30034456
Buy it high now and sell it low after the rugpulls
feel free to buy even more because of this post