/biz/ - Business & Finance

[Anonymous No.25174882]

What is the argument for Cardano over Polkadot or ETH2?

[Anonymous No.25174897]

wankery about haskell

[Anonymous No.25174915]

they are companies competing for marketshare and adoption

[Anonymous No.25174918]

>>25174882
There is no real argument. Cardano has not launched smart contracts and has delayed it for years. Just bagholders fellating Charles and his “academics” while he travels the world and buys houses and their dime

[Anonymous No.25174943]

>>25174915
I know but what edge does Cardano have? I can argue for Polkadot or eth2 but I have no clue why a 30tps platform would ever catch on in the third generation blockchain competition

[Anonymous No.25175106]

>>25174882
eth2 won't be ready for years, if ever.
but that doesn't matter. eth has dev support. cardania doesn't.
>>25174897
developers are more comfortable with wankery than haskell.
>>25174918
this.

[Anonymous No.25175141]

>>25175106
learn english

[Anonymous No.25175165]

there is non.
No useful dapps on ada, no way of making money on ada, no way of doing anything on ada. Dot the same, eth 2.0 until as well. But eth 2.0 will have the eth dapps migrating while dot and ada will get nobody, no devs no users, because non of them wants to be the first risking his capital while eth and eth clones keep attracting users and money

[Anonymous No.25175300]

>>25174918
When another project collaborates with (and switches to) Cardano, is that dumb or smart?

>"The transition of SingularityNET onto modern blockchains such as Cardano is a clear route to achieving scale and speed, and the completion of the fiat-to-crypto gateway will remove the requirement for end-users of SingularityNET-based services to deal with cryptocurrency infrastructure."
>The new partnership will center around engineering and the development of AI services on the Cardano blockchain, as both ecosystems enter a period “rapid growth.”
>Among the planned projects, the announcement outlines a plan to transition SingularityNET’s decentralized protocol from ethereum to cardano.
https://www.cryptoglobe.com/latest/2020/10/singularitynet-announces-partnership-with-cardano-creator-iohk/

[Anonymous No.25175318]

Non. But what are the arguments for Ethereum 2.0 against Dfinity and Avalanche? Beside network effect.

[Anonymous No.25175381]

- Solve the issue of smart contract being hacked over and over again with formal verification. No sane project can take off on a blockhain full of drain holes.
- Foundation that actually pays its developers and understand what it means to lead a cryptocurrency.
- VM supports all programming language, including eth serenity and simplified ones.
- Charles is cute, unlike spooky skeleton guy.

[Anonymous No.25175387]

>>25175318
>beside network effects
kek. Are you eth killer shills all retarded???? Network effect is all that counts in such a young industry. Microshits OS was always dirt shit, but 90% of all PCs, private and public run on it, because Gilles Bates managed to network most effectively.

ETH, no matter how shit it is from a technical pov, it having users and devs gives it an advantage that no eth killer will ever be able to compensate.

[Anonymous No.25175410]

>>25175165
Check Reef out. DeFi dapp on Polkadot that's doing a lockdrop distribution event on Binance. There's already like $800 million USD locked for 3% of the supply and the event started two days ago.

[Anonymous No.25175417]

>>25174882
https://www.youtube.com/watch?v=xgGph8K7Bxw

take the schizopill

[Anonymous No.25175428]

>>25174882
Money skelly himself said eth and polkadot will compliment each other, cardano is a scam

[Anonymous No.25175455]

>>25175381
The only thing ADA has going for itself is beef chain. It’s too late. Cardano fags think they’re early. Such a shame.

[Anonymous No.25175525]

>>25175381
- Solve the issue of smart contract being hacked over and over again with formal verification.

Tezos did this too and nobody cares. Barely top 20.

[Anonymous No.25175533]

>>25175410
So its basically a multi chain compounder. Nice gimmick, but I rather stake my BNB to farm soccer fan Token

[Anonymous No.25175649]

>>25174943
>30tps
Hydra is being developed in parallel with everything else. Will be implemented in 2021
>>25174882
>ETH 2.0, slashing, 32 ETH to stake, lockup
>Polkadot, locking and slashing
>Cardano, minumum 3 ADA to stake (now), no slashing, no locking. Also has working governance layer

[Anonymous No.25175690]

>Blockchain 3.0
Fucking kek bizatards.
As if 1.0 and 2.0 actually had any uses.

[Anonymous No.25175765]

>>25175381
>VM supports all programming language
That's the point of a VM. You can compile any language to run on a VM, technically.

>Solve the issue of smart contract
Smart contracts are a complete meme.
All you need to make a normal contract is a lawyer while for a smart contract you also need a competent developer to write it and a competent developer to read it and verify it.

[Anonymous No.25175862]

Cardano
>Ouroboros proof of stake - formally verified + provably secure
>inspired much of Polkadot's BABE consensus mechanism
>designed from first principles
>90+ academic papers with hundreds of citations

>frictionless staking - no slashing lockup / minimum stake
>already has 1400+ stake pools
>decentralized governance - community makes decisions, not some foundation/random people
>decentralized treasury - allows funding of projects that provide value to Cardano/ADA
>predictable fee costs
>smooth upgrades due to modular design

>superior Extended-UTXO model
>Ouroboros Hydra layer2 - scales smart contracts / transactions
>each stake pool can run a Hydra head, 1000+ TPS per head
>1000 Hydra heads = 1 million TPS
>E-UTXO allows for safer/easier network sharding

>Plutus - functional programming language
>Marlowe domain specific language - easily build secure financial contracts
>IELE virtual machine - create dapps in any popular language
>developed Sonic - state of the art ZK implementation
>native asset standard - tokens are cheaper / simpler to work with
>network fees can be paid in other tokens (if approved by governance/liquid enough, ex: USDT, LINK)
>governance-as-a-service for projects inside/outside Cardano
>hardfork combinator - ensures safe/smooth upgrades (no accidental chain splits)

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

>transparent technology / product updates
>one of the largest communities in crypto
>formal commercial adoption strategies
>focus on developing nations - fastest growing economies, youngest demographics and the strongest need for crypto
>MoUs with governments of Ethiopia, Mongolia and Georgia
>collaborated with New Balance to provide authentication
>working with SingularityNet / Ben Goertzel (genius behind 'Sophia the Robot')
>most crypto influencers speak positively of Cardano

[Anonymous No.25175896]

>>25175862

[Anonymous No.25175898]

>>25174897
>>25174915
>>25174918
>>25174943
>>25175106
>>25175165
>>25175318
>>25175387
>>25175428
>>25175455
>>25175525
>>25175533
>>25175690

see >>25175862

[Anonymous No.25175904]

Pepsi or Cola?
NOBODY CARES, THEY ARE BOTH FUCKING PROFITABLE!
FUCK ALL OF YOU RETARDS!
/biz/ is so fucking shit now. Full of fucking retarded newfag kids who have no mother fucking clue what they doing or saying.

I FUCKING HATE YOU ALL!

[Anonymous No.25175930]

>>25175896
your point?
In the dotcom bubble
Amazon was $100+ at the peak
and $8 at the bottom

>not buying superior tech because it's too cheap
stay poor dumbass

[Anonymous No.25175949]

>>25175904
Take your meds schizo.
Not everyone is interested in watching candles all day long.
There's a lot of interesting tech in the blockchain, however useless it is.

[Anonymous No.25176029]

>>25175387
>Network effect is all that counts in such a young industry
>Microshits OS was always dirt shit, but 90% of all PCs, private and public run on it
stupid mETH-heads always cherry pick the one industry where network effect mattered

Windows is a terrible comparison,
because operating systems have to be prebuilt into hardware
good luck swapping out an entire OS from tens of millions of units you've already delivered to retail

also, changing your OS is a massive learning curve for users
(on top of also having to buy new hardware)

blockchain is equivalent to search engines, browsers and social media
because changing over = downloading a new app
and you don't have to relearn how to send transactions or manage private keys

on top of that, we already have multi-coin wallets
so people can use Bitcoin, Ethereum and Cardano all from the same app

>"muh network effect"
single digit IQ

[Anonymous No.25176149]

>>25175904
You have to go back. Smart contract market is winner take all.

[Anonymous No.25176230]

>>25175896
>don't buy AMZN it's went from $105 to $6
>watches it hit $3.2k

ADA will hit $300
don't sleep on the king

[Anonymous No.25176257]

>>25174882
None, ETH is the only thing that matters

[Anonymous No.25176269]

>>25176257

see
>>25175862
>>25176029

[Anonymous No.25176303]

>>25176029
>also, changing your OS is a massive learning curve for users
>we already have multi-coin wallets
You are overestimating crypto users. The amount of fuck ups I saw only when it came using multi chain wallets to interact with different chains is great comedy; the true kek is watching the pajeets and normies try to interact with two chains that are basically the same, the fuck ups that involve users using eth and bsc could be nominated for a digital darwin award.

Crypto like everything else involving humans works according to the laws of inertia and path dependencies, Microsoft ETH is established, the path has been build, lazy users dont look to learn something new; those that build alternative paths will most probably never dominate and always be just gimmicks for tech nerds. Maybe an Apple comes along, but non of those that currently exist seem to have the ability to pull of such a branding OP

[Anonymous No.25176410]

>>25176303
>he doesn't know about unstoppable domain
anon, you don't need to copy paste long gibberish addresses anymore

https://unstoppabledomains.com/

the domain name isn't network specific
so you can receive any crypto to a single name
>Bitcoin
>Ethereum
>Cardano
>etc

the user experience for cross network transactions is exactly the same,
except Ethereum fucking sucks because it forces you to hold ETH for fees
(Cardano fixes this)

[Anonymous No.25176521]

>>25175896
That's just a dip of the initial buyer hype from people who don't care about technological layers. It's not relevant to long-term growth.
>>25175525
Tezos is pretty good. Split your assets between tezos and ada if you want. Eth has already shown itself completely ineffective beyond simple coins transfer and no amount of ducktaped hardforks will be enough to let it compete against the alternatives.
>>25175862
Nice feature overview anon.

[Anonymous No.25176660]

>>25176521
>Nice feature overview anon
thanks anon

>Tezos is pretty good.
>Split your assets between tezos and ada if you want
out of curiosity, what do like most about Tezos?

I've mainly studied Bitcoin, Ethereum and Cardano
and when I looked briefly at Tezos the impression I got was:
>some common design goals, but much less ambitious than Cardano
>has smart contract functionality, but not much has been built on Tezos
>focused on getting adoption from large institutions, not economies that really *need* this tech

I see a lot of Tezos fans nowadays
my gut tells me I'm missing something
but my head tells me it's just bagholders

[Anonymous No.25177205]

>>25176660
If you want an opinion, from someone who just wants to work on dapps for fun, ada seems globalized and future-proof while tezos is a more isolated project made by a french guy (who apparently used to work as an engineer in Google X). As far as I've read, tezos solves identical problems (on-chain governance, PoS, formal verification, ...) but with a minimalist/bare-bone vibe to it and a bit of french backing (OCaml is the french equivalent of Haskell; Experimented by some banks there https://www.reddit.com/r/tezos/comments/kjnrti/societe_generale_has_selected_tezos_blockchain/).). It depends on how things unfold after ada releases smart-contracts.

[Anonymous No.25177531]

>>25176660
Both chains could coexist and split among:
- The people who want a mainstream VM, running all languages, all tokens and most popular platforms.
- Ones who need a simple smart-contract layer that just works.
Eth should lose its momentum and fade away. I have a hard time believing anyone will invest large amount of money into a contract without formal proof after what happened to The DAO.

[Anonymous No.25177643]

>>25177205
any thoughts on NEO and *gag* EOS?

[Anonymous No.25178473]

>>25177205
>>25177531
good to see an informed opinion on here
>Ones who need a simple smart-contract layer that just works.
I don't see why Tezos fits this role more than Cardano,
but we'll just have to wait and see

[Anonymous No.25178536]

>>25175165
Dumb fuck is going to get left in the dust.
Lol

[Anonymous No.25178615]

>>25178536
I remember eos shills throwing the same line, including the cringe boomer lol. Not even google shilling eos managed to get the price out of the eternal dead project range. But I know, this time all will be different, lol

[Anonymous No.25179120]

>>25176230
im bullish on ADA, but cardano would need a 10 trillion mcap for that to happen. don't think itll happen in our lifetimes.

[Anonymous No.25179183]

>>25177643
>NEO
I don't understand their consensus algorithm, but it's not a true distributed network. That's not necessarily an eliminating point, since it seems that NEO just wants to be hard-grounded on real life projects and embed a lot of common tools into their framework (file systems, oracle, voting, ...; https://neo.org/about).). If smart-contracts become widespread, it could be used as a learning bridge for dev noobs and by small companies who simply don't care about p2p infrastructures, but it won't grow out of that. It doesn't mean that it can't become popular, since this usage doesn't overlap ada and other alternatives. C# is just a terrible choice of language also.
>EOS
The VM runs WebAssembly bytecodes. Even if javascript is one of the most popular programming languages right now, I don't think it's practical when handling money even if formal verification could be built on top of it. It should be shadowed by ada if things go well for the latter.
>>25178473
Basically the fact tezos is less featured (thus easier to understand, fork, extend and adapt) benefits development's speed, cost and security of new platforms. Ada and tezos do overlap for most usage but yeah, we still have to wait.

[Anonymous No.25179621]

I Should've just bought bitcoin.

[Anonymous No.25179855]

>>25179621
>burns half your planet resources
e-eh? nothing personal anon!