/biz/ - Business & Finance

How much of what that James guy in the tweet says is true?

>>27981696
ETH had smart contracts in 12 months on 16mil budget, ADA still has no smart contracts 4 years later and $100s of millions spent in dev. What exactly is Charles bragging about? Being a failure?

What's an ADA make it and suicide stack?

>>27981696
this fag is like the elon musk of crypto
does nothing but shitosts all day while his project moons.
not buying though

>>27981842
Make it: 0
Suicide stack: >0

>>27981842
10,000

>>27981696
He’s talking about the jews backing klaus backing sergey backing ari backing the cult of demeter

>>27981818
seethe more fag

>>27981818
Yeah smart contracts that cost fucking 100 dollars every time you user them

>>27982026
Low iq take

>>27981782
All of it

>>27982026
id rather have $100 fee contracts with millions of users, than literally no smart contracts at all.

also the smart contracts planned for release on cardano dont have any mechanism that allows them to be significantly cheaper than ETH with the same amount of users. it's just as expensive as ETH, except it's 5 years behind getting a user and developer base.

>>27981971
ok I concede, I'll switch to cardano's smart contracts... oh wait they don't exist yet

You FUDwits realise this project has been slow for a reason right?

>>27982266
because stringing along low iq retards while dumping on them is profitable?

>>27982266
because Charles is incompetent and has no software experience. he's literally a math tutor who lucked his way into getting fired from Ethereum

>>27982294
Stringing how?

>>27981696
What a fucking chad. He'll see his shitcoin moon if he keeps it up

>>27982242
cope a bit more

>>27981782
Zero. Charles left Ethereum because he believes in finality. Vitalik and the Ethereum squad have no issues with just rolling back the chain when something goes wrong which I believe is dangerous for a supposed decentralized system which is supposed to be immutable.

>>27982332
ok good luck using cardano's smart contracts... oh wait you can't they don't exist yet

>>27981927
shut the fuck up you lying cockjockey. suicide is 50k, make it stack 500k

>"bigger monsters to slay"
>posts viking war song and fantasizes about marching towards ether

D-does this mean Cardano's a premier shitcoin?

>>27982363
need more seeth desu

>>27982356
cardano's chain right now is not decentralized and can be reversed so I highly doubt he cares about finality.

Who the fuck is pumping this shit?

We've propped up ADA, but have we also created ... a monster?

>>27982385
yes, a soon to be 1 dollar shitcoin

>>27982401
use cardano's smart contracts more desu... oh wait you can't, they dont exist yet

>>27981696
Bitcoin maxis are shitting their beds every night right now

>>27982450
because of viking hoskinson? I highly doubt it

>>27982447
>Yet

Nobody uses ADA for anything. It has zero adoption and solves nothing new.

can someone tell me why hoskinson has such a raging hard-on for academics?

reminder: charles told everyone at ethereum in 2014 that he was satoshi. and that he had a girlfriend in Afghanistan. and he had a limp from breaking his legs jumping out of a helicopter to visit her. not larping

>>27982683
based

>>27981696
Charles is on the verge of realizing the true power, and need of having ALEPH to scale

>>27981818
>>27981857
>>27982204
>>27982318
>>27982417
>>27982447
>>27982484
>>27982531
Cope.

>>27982663
Because proper academics stick to the scientific method and embrace peer review research?

>>27982745
I think that set scale you're alluding to is right around the corner.

>>27982860
Based

You're not gonna make it unless you invest in autism. This why I am long eth.

Let's see some facts:

-ADA can scale to 1,000,000 tps (transactions per second), ETH has 3000 and XRP 50,000
- ADA stake pools now make it more decentralized than bitcoin (google: ADA most decentralized coin)
-ADA is the most secure coin, written in native haskell. Haskell = 300 iq programming language, solidity for ETH =70iq
- Smart contracts unrolled in march, testnet released already. ERC20 converter will be released in a month, letting devs convert their Solidity projects to Cardano

You guys get ETH won't exist by eoy?

>>27981782
>>27982356
Also, they seem to be fine with this happening all the time. Charles keeps saying that one should be a lot more responsible and stay around if you're taking other's peoples investment money.
Charles was entitled to 293 000 ETH from his time at Ethereum. He turned it down. Vitalik dumps on everyone.

>>27981696
charles is the biggest chad in crypto

>>27982860
you faggots can't even make your own memes

>>27983019
>-ADA can scale to 1,000,000 tps
That was a random number thrown about when talking about hydra. it could be much more it all depends on the number of participants in the system.

>>27983019
>You guys get ETH won't exist by eoy?
I guess this is it.
10$ EOY

>>27982385
Charles has been give A LOT of shit over the years, both from 4chan and Ethereum. Guess he's pretty fed up. His skin is a little thicker though. Hasn't seen a "DO YOU KNOW WHO I AM" tweet yet.

>>27983121
You know anon, you should cope a little bit more.

>>27983019
I'lll add one more point: If you don't understand why a coin is in the top 10 or the top 5, you shouldn't be "investing" in crypto. Here our bitconnect man put it well:

https://youtu.be/2FF7TWR88XA

>>27981782
100%

But noooo don't listen to him there are bigger monsters to #slay. Don't you know? Ada the testnet coin that doesn't even support smart contracts after 5 years of development is not only going to beat Eth, but also Btc!!! Yaaaaas slaaaaay.

>>27983019
>ADA can scale to 1,000,000 tps (transactions per second), ETH has 3000 and XRP 50,000
Are you really comparing future performance of ADA with *current* performance of ETH and XRP?
> ADA stake pools now make it more decentralized than bitcoin
Decentralization is more than just how much of your coin is locked up in centralized pools. It's about how many independent nodes there are. How many are there?
>ADA is the most secure coin, written in native haskell.
So it's written in a language too obscure to have that much of an adoption advantage over Solidity, and too niche within crypto to have any adoption advantage over Solidity.
>Smart contracts unrolled in march
Congrats on being late to the party. I mean.. almost there. Still testing?

>>27983019
>-ADA can scale to 1,000,000 tps (transactions per second), ETH has 3000 and XRP 50,000
More. It can scale semi-infinitely, by adding more stake pools and increasing K value. ~1000 TPS per node. We're now at 1578 active pools/nodes. https://pooltool.io/

>>27981818
Yes, basically. And the best retort Adafags can respond to you with is "seethe" and "cope".

>>27981696
Do I hold ADA because it will make me insane gains this bull season? Fuck yes I do.
Do I think ADA has any future? Fuck no lmao. Just the IOHK centralized structure and developments during crab season will tell you that.

>>27983298
You do understand that fracturing your network and compromising security to achieve "semi-infinite" TPS is somewhat counter-productive right?

>>27983333
keep seething, copefag

>>27983388
It counterproductive to pay 100$ on GAS every time yes.
AHAHAHAHAHAHAHA

>>27982683
he's the csw of ethereum

>>27982683
that is quite based

BROS should i buy??? or wait for it to go down?

>>27983489
Full disclosure: I think ETH should be improved.
Fuller disclosure: I don't think ADA is the solution.
Cope.

>>27981818
yeah sure let's rush to release it and watch it crash and burn rather than take some time to get it right. FAG

>>27983528
AHAHAHAHAHAHAHA
The seeth is real, ETH is basically dead at this point.
1$ EOM

>>27983225
Kys

>>27981696
>viking war songs
yeah I'm thinking based

>>27983668
The vikings were probably shit at coding too.

>>27981842
Make it: 100K ADA
Sui: 10K ADA

>>27982266
and that reason is they rarher hire degenerate teannies for thw optics rather than be putting in the work. get ducked

>>27983121
that's it? keep trying

>>27981696
Never owned ETH because I'm straight. But I do hold ADA.

I've always thought this project had legs but it would be nice to see some real shit. Not trying to fud but I'm still paying a bunch of gas fees on eth. Get it going already

>>27981696
I bought a ton of this shit after two tard normies asked me about it, they saw it on twitter and apparently is getting shilled pretty hard. They want to buy but don't have access to ADA yet but they bought doge lol. Once they can buy this from their phone this crapcoin is going up. Remember normies don't give two shits about fundamentals or if it's even useful, I'm just going to ride the fomo for a while then dump.

Hold on, is this, may I say, the Ethereum killer (c)?
Faster, without traffic, full of promises from a centralized entity? To the Moooooon!!!

Hoskinson would give you all a holier-than-thou speech about how quality research takes time.

Listen to the man. He has big brain.

>>27983450
Keep proving my point

>>27983700
Suicide stack has always been 50k

>>27983904
Even if he's thick as shit, he clearly sees where the industry needs to go and has hired the right people to provide the brains to deliver his vision.

>>27983019
>-ADA can scale to 1,000,000 tps (transactions per second), ETH has 3000 and XRP 50,000
Those numbers are pure phantasy. For anyone interested here's actual proven TPS for each:

ADA: 270
ETH: 30
XRP: 1500

>>27983700
>>27984012
Welp people are getting priced out now.

>>27983388
No ofc these dumbasses don't realize that. Not a single hardcore cypherpunk believes in Ada. It's for basedboys who think if you're an academic you're automatically a genius.

>>27981842

What does suicide stack mean ? You kill yourself for not buying more earlier on?

>>27984012
>>27984082
I'll happily continue to buy up to $1USD
Who knows where it'll go from here

>>27983876
unironically yes, its not just a pump and dump like others suggest, even if the prices do drop from this hugh spike the overall project is on a steady upwards trend.

>>27984156
Yep.
Shoulda, woulda, coulda.

Let me counter it with 'you don't go broke making a profit'

>>27981818

>>27982242
hence why it's still a good time to get in

>>27983873
Binance works @ phone

>>27984227
That feel when only 5750 ADA

I'm already kicking myself for not buying it at 5c

>>27984400
Why worry about the past? Look at opportunities you can take advantage of now.
And not just in ADA or crypto.

>>27984043
Well then... why ADA not XRP ?
And what about ETH 2.0

>>27984553

Thanks lad

>>27982370
35k for a suicide stack 350k for a make its stack kek

>>27982026
People are willing to pay that much to use the ETH blockchain

Cardano on the other hand. No nigger even uses that

What does ADA do that ETH2 won't?

Swapped it for AAVE
Good luck with your 2017 shitcoin fren

>>27985152
ada

>>27985152
Well it exists, for starters.

>>27981818
ETH was developed since 2014!! and still have no POS even they said that it will have back in 2017. i see you are a new fag and dont know any history.

>>27983254
>centralized pools
All 1578 of them, vs 4-6 pools in ETH / BTC

>>27985152
>What does ADA do that ETH2 won't?
ETH2 is a centralized shitcoin hosted on amazon, it's not even etherium
and when they congest that network, they'll try to make ETH3

just buy ada and don't sell for 10 years

>>27984112
>if you're an academic you're automatically a genius.
https://iohk.io/en/research/library/
Half of their papers are peer reviewed by cryptographers.

>>27985484
If ETH2 ever gets released, I doubt that.

>>27985019
>No nigger even uses that
https://messari.io/screener/most-active-chains-DB01F96B

the only reason eth isnt going to zero is because people are forced to hold

>>27985528
Were those cryptographers paid by Cardano? Serious question.

>>27985584
Nice, so even this retarded ETH argument is debunked by adachads.
They resort to lies to make their cope more bearable I guess.

>>27985484
Didn't realise it was on Amazon?
Imagine the network congestion.

>>27985661
theyre submitted anonymously to different conferences

>>27985661
No, that's the greatest shame any academic entity can do. They went to different cryptographic conferences all over the world. Everything is anonymous. Author names are hidden from the papers. About 20% of anything presented gets accepted. 40+ of Cardano's papers have been accepted.

>>27985528
haskell is a shit programming language that no one uses, wants to use, or knows how to use.

solidity on the other hand, is exactly the same syntax as javascript. javascript is the most popular language in the world, and it's the language that everybody knows, because it's the only language that works in the browser.

only brainlet nonprogrammers think that haskell was a good language decision. It was a terrible decision.

>>27985836
>anonymously
Ah yes, peer review is nominally anonymous.

>>27983599
To be fair, ETH's smart contract worked perfectly from the start.
And they've been developing/helping develop means of scaling ever since.

I'd rather have an initial product that works perfectly while scaling solutions are developed, than absolutely nothing for four years and still nothing today.

Why ADA not XRP?

Cardano's ideal is that of a research institution. Consider your pumping the coin as a donation mechanism to help fundamental research. They will never deliver product as fast as an entity like them should because they'll always put research over usage.

>>27985979
Because XRP are hypeniggers.

>>27982370
Make it stack is 5 million

>>27982412
But it is though. 74% decentralized out of 1578 active pools.
THREE pool have more than 51% of the mining power on Ethereum:
https://etherscan.io/stat/miner?blocktype=blocks

Fucking snake oil salesman Charles. Come back when you've actually developed something other than hype.

>>27986121
The chain is still 100% under Charles control. It is not decentralized yet. They can still reverse any transaction. They are waiting for some milestone that I forgot the exact details until this centralization is removed.

you don't even know the tech you're shilling fucking brainlet

>>27985901
For those who don't want to write smart contracts in Haskell, there is IELE and KEVM.
IELE = write in any popular language you like best
KEVM = superior EVM with built in formal verification of solidity

>>27985911
>what is single/double-blind

>>27986214
>dude trust me
The post

>>27986214
Source now.
Voices in your head don't count.

>>27986232
1. it's not there yet, and it's 5 years late.
2. makeshift compiling could very well cost 10x the tx fee than their optimized native language.

>>27986300
kek fucking google it brainlet, I literally read it from their subreddit written by charles himself. It is a fact, cardano is not yet decentralized. It is 100% under Charles control. It's part of their safe launch.

>>27986339
google it you fucking brainlet.

how fucking low is the IQ of ADA holders? how fucking bearish is this?

https://www.google.com/search?q=cardano+not+decentralized

CRUSHED

>>27986369
>It is a fact, cardano is not yet decentralized. It is 100% under Charles control. It's part of their safe launch.

Isn't part of the hype that it will be completely decentralized in March?

>>27981696
Is there any interesting Dapp on ADA?
Might make the switch if yes

>>27981696
Based methies on suicide watch

Who fucking knows whether this gets adopted.
But from a quantitive finance level this project basically turns stake holders into mini investment / central banks with capped supply.
You are fucking dumb not to participate in something like this. Everyone wins in this model.
But again who knows what will happen in the future.

Charles Hoskinson is fat

>>27986427

My boy on maximum beast mode, he's usually very passive about Cardano but now he's on the war path, makes me wonder what's really coming!

>>27986493
I already hear the war drums, mETHshits angered the wrong chad.

>>27986369
>It is 100% under Charles control.
It isn't. The community produces 74% of the blocks. Increases by 2% every 5 days until 100%.

>>27986405
more than 70% of the blocks are made by pools not in control of iog. this has been slowly increasing since q3/q4 2020. 100% will be in march. do you not know what this means or are you that retarded?
>REEEE GOOGLE IT
if you didn't have a sub 70 street shitting somalian iq you'd know this after 5 minutes, you fucking yeast infection

>>27986405
Source now or fuck off.

>>27983692
They invented Bluetooth

>>27986615
>>27986656
K-1000 will be a huge incentive for more pools

Cardano fully decentralized by March 31st, truly we are kings of our own making.

mETHies legit can't cope.

>>27986405
>https://www.google.com/search?q=cardano+not+decentralized
>2019
>Staking not even live yet
How long until he deletes his posts?

>>27986734
>>27986684
>>27986405

>May 2019

>>27986734
I screencapped it anyways kek.

.70 breached

>>27986709
Yeah, but sadly it will also mean a lot of the existing multipool SPOs will just fire up additional pools. So even if there are 2000 active pools, some of them will be run by same operator(s). This is my only gripe with Cardano's decentralization atm.

>>27986656
>>27986615
What the fuck are these pools mining for if Cardano doesn’t even have smart contracts?

What's the finality time of a block in Cardano?

>>27984082
that's me kek, i had 100k at one point last year and now i can't afford it.

>>27986866
Transactions fucking idiot, and ADA is like an antivirus

>>27985366
priority on smart contracts vs pos spells the entire debate. one is a tool for building, the other for rentseeking
from the start of his involvement in crypto charles has been obsessed with finding ways to extract rent from protocols
priming valuation above value itself is questionable. in the end, cardano and ethereum are both valid projects for either end of the philosophical spectrum on that question

>>27986859
Agreed.
Way I see it is the Fees based on ADA price will create demand for new operators.

No idea if this will take off but i know for sure I'll start a pool once ADA hits a certain price.

Seriously everyway I try to break the financial model I get met with a clever valve or incentive to control supply and demand. I'm sure there's a draw back somewhere I'm just too dumb to see it.

>>27986902
>finality time of a block in Cardano
Currently 3 blocks, or about 60 seconds. But will be just a few seconds in the future.

>>27986965
> Transactions

That’s my point. Why the fuck would so many pools bother mining Bitcoin clone #3553226 unless they were getting incentivized under the table?

FUDers gonna FUD, but I will keep holding and being comfy

>>27987020
This. You either love it or hate it.

I love it.

>>27987026
Hi Charles. Why don't you get some sleep?

>>27987353
Nice FUD

>>27987554
Are you retarded? It's obvious PY95Bgb3 is Charles Hoskinson

I read through this thread and I still don't get what exactly Cardano is offering that makes it better than any other alt. Etherium is etherium, and btc is btc. Everyone uses them and there are tons of projects made on eth. They have an established trust and presence. Cardano is just some coin...like who cares about it.

>>27981818

Oh look this stale old shit again. Cardano is building properly, with formal methods, so some autist can't exploit a smart contract that controls millions of dollars. It may be a surprise to smoothbrains but that takes time.

>>27987768
its somehow a top 5 project without a useable product

>>27987768
This is obviously Vitalik

>>27987768
iirc Cardano is more scalable, will be fully decentralized soon and is about to reach out to millions of niggers that hopefully will actually use it, if not at least add to it's volume

>>27987768
Cardano exists because the list in pic related keeps growing.
They want to go the extra mile to prevent that, even if it takes longer time. Ethereum likes to move fast and break stuff.
>Just roll back the ledger!
No, fuck that. Get it right the first time.

>>27987923
>so some autist can't exploit a smart contract that controls millions of dollars
This is never an L1 problem.
Be it Defi, the DAO, ... it's always the L2.

>>27987966
>Cardano exists because the list in pic related keeps growing.
None of those are L1 issues.

>>27981696
Charles is very aggressive. I like it. He's getting laughs at people. Also
>posting viking war songs
White power and WPWW.
https://www.youtube.com/watch?v=5VBEh638-aE

>>27988046
One of them made them roll back the ledger, which is L1.

>>27986405
https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano#toc-shelley-decentralization-era-
Shelley has brought decentralization, now we are rallying because of the next step, Goguen

>>27986615
>>27986405
My bad, it's actually 78%.

>>27981971
not even seething, you seem like the fag

>>27981888
based

>>27982204
kek $100 fees BECAUSE millions want to use it, and so many more want to use it that we will keep paying the fees.

>>27982332
cope lmao wut no it's not?

I've always thought Cardano was a piece of shit, never even came close to buying (and I even bought XRP at one point) and seeing how much of a bunch of fucking losers the supporters of Cardano are I'm even more content with my decision.

The founder seems like a fag. Years to make this piece of shit even work at a basic level? Didn't even take Apple that long to bring first mass produced PC in history to market and this faggot takes 4 years to code some fucking software.

What a piece of shit project for low IQ fags. I've never disliked a project as much as this.

>>27982356
What if it was your money? Project was in early days and consensus voted for rollback. Such a dimwit take.

>>27987966
lmao get it right first time his project doesn't even have a user base yet or years of operation to prove anything.

>>27988314
That was a fork, yes.
The exploit had nothing to do with L1.

>>27981696
Buy Cardano?

You mean the empty centralized blockchain founded by the guy who was fired by Vitalik for trying to turn Ethereum into a centralized corporate blockchain like Hyperledger so he could become CEO and later tried to pull a coup with Ethereum Classic?

Nah.

>>27981818
>shit tier insecure clusterfuck solidity was slapdashed together in record time guys

>>27989336
>insecure
what?

And Solidity was a massive success that made ETH what it is today.
The problem is lack of scaling, not fucking solidity.

>>27989250
>seething this hard
best just to sit the cardano threads out vitalik

>>27986866
>smart contract
Soon sis... swap token later, and prepare for shitcoin galore. Everyone can gamble on shitcoins without ridiculous gas fees

>>27989826
you get that on AVAX on ZERO NOW

>>27983254
>So it's written in a language too obscure to have that much of an adoption advantage over Solidity, and too niche within crypto to have any adoption advantage over Solidity.
This is one of the things that made Blackberry's life difficult. Their OS, as great as it was, was too 'niche' for any developers to give a shit about, since the money was in Android and iOS apps.
Perhaps the crypto space is different, but there's a lesson in there, somewhere.
That said, I like ADA, and will continue building a position for the longer run.

>>27989643
Can Cardano holders respond with anything else that "seethe and "cope"?
How long have you been in the blockchain space anyway?

>>27990218
Not as long as you v

so i use eth a lot, can anyone use ADA or is it vaporware?

>>27983019
avalanche already runs ethereum code as well as go, on mainnet

>>27989250
Lmaao why you copy that retards tweet you retard

>>27990654
There's already an NFT dAPP
https://ergoauctions.org/