You’ll get basically 2 answers.

1. Cardano is vapor ware and a joke. The team has gone whole hog marketing this project has promised many things and underwhelms at every step.

2. Cardano is the eth killer and is going to the moon. It’s cheaper, faster, and more secure than eth.

I lean towards camp one, but it’s probably somewhere in the middle.

If you want to learn more about the Cardano roadmap and its goals regarding smart contracts specifically, see https://roadmap.cardano.org/en/goguen/.

I think the notion of any cryptocurrency being an Ethereum killer is a media narrative whose main purpose is clickbait. See Charles Hoskinson's response when asked about this recently: https://www.benzinga.com/markets/cry...s-ethereum-2-0

Is there room for more than one search engine or more than one smartphone? Why wouldn't there be room for more than one smart contract platform? Ethereum doesn't have to fail for Cardano (and Polkadot and others) to succeed. As for first-mover advantage, how did that work for Netscape or Blackberry?

Please feel free to move this discussion to the altcoin thread and/or search that thread for prior discussion of Cardano.

Browsers and phones are products that will always need new features, marketing hype, etc.

We're talking about protocols here, bitcoins feature are security and immutability, completely different. I agree cardano is interesting tho, most user friendly staking experience imo. I don't understand people who believe in PoS blockchain and yet spit on it. I guess its marketing as a network you can do stuff on, yet you cant do anything, kinda rubs people the wrong way lol

TwoSHAE completely eviscerated the idea of buying Cardano a few pages back in this forum I believe.

It's all marketing hype basically.

Cardano is dead on arrival imo.

Thats why it will never arrive and is always coming soon.

Thanks for the input everyone. Just to clarify: I'm not particularly interested in Cardano, it's just the most obvious example. I'm curious what ANY platform emerging is going to look like; whether it's a battle vs Ethereum, or if they're looking to carve out their own niches. A lot of the rhetoric leans toward the former, which seems pretty ridiculous to me.

agamblerthen: thanks a lot, what you wrote makes a lot of sense.

re cardano

===========

Cardano is a potential pure play

Personally I think of it like this; basically it’s just a bunch of crypto game theory nerds trying to figure out the most optimal way to build the fastest practical securiest algorithmic blockchain, eventually Bitcoin or maybe Eth will just onboard the best practises… and the nits will be eaten by whales of the ecosystem.

then central banks will follow these standards…. it’s a super interesting moment in time.

At this rate he will be updating the joke for 1k by the end of the week

the more i've looked at dex stuff over the last few weeks the more i'm wondering what exactly happens when layer 2's are properly implemented and how that probably permanently kills yields?

https://twitter.com/mevintern/status...10748867399684

this isn't a great example because it appears a sharp whale was able to capture a few hundred bucks in EV on like 8 figures of turning ETH into USDC, but the day gas fees plummet from an L2 is the day alameda and virtu and whoever else is into this **** are going to ****ing pile into best bid/offer to pick up all the free pennies.

end result is kind of a centralization/oligarchy in terms of who actually captures the pooling EV which is bad for people who want to get some yield on their pools and good for people who want to trade as much as they want without slippage.

maybe i'm overestimating but it seems like pools as we know it are going to die the moment L2 is smooth, at which point yield is only going to come from the riskier pools (?) or via rewards for using new protocols.

idk, to me it seems short term bearish whenever it happens because it murders a lot of interesting speculation but long term it has to be good. but it'll prob feel salty for community members when their favorite decentralized protocol becomes oligarchic.

cuz countries eating Binance

Passive market making for "retail" traders using fixed public algorithms that are subject to the information disadvantage that comes from the delay in processing blocks was always doomed as a liquidity provider strategy. It has worked remarkably well in the ponzi bull wave because it's either directly subsidized by rewards or indirectly subsidized since so much of the defi volume isn't particularly price sensitive.

Long run - no free lunch, obv. There's a somewhat interesting game theory problem here as the market starts to smarten up to ponzi reward tokens. If the big players start gulping up the juicy LP action and there's next to nothing left for the little guy, the hype has to die down and obviously that would be bearish for the entire defi economy, so there's a bit of a prisoner's dilemma for big sophisticated players.

Part of me wonders if it would be better for the "distributed economy" if dex infrastructure were intentionally handicapped to make it more difficult to exploit intra-block information, but that also seems like commie luddite ****.

In any case, it will be interesting to see how it plays out.

(Disclaimer: Not an expert on what the different dexes are doing to address these things, just find it all interesting. Feel free to point it out if I've said something dumb.)

aint no dilemma about it, the big boys are gonna eat. the question becomes what do fees/slippage as a trader look like in the new landscape. if its not a stark difference maybe the landscape doesnt change a lot (people will continue to shop for the best rates but if they fluctuate across protocols then theres prob still enough demand for protocols where the little guy is allowed to sit at the table), but if uni v3 models end up smashing then the question is 1) does that suppress yields, 2) probably means bullish eth shortterm and maybe more into btc or utility tokens like link? (caveat long link). i srsly have no idea. maybe also bullish uni? but the protocol could get vampire'd. idk.

If dexes are worried about this, could easily add a feature to the code that new lp is not live or swappable for x blocks.

I don't necessarily buy that intentionally making the protocol worse for market makers/big players is a winning strategy in a competitive market. But it certainly would have some merits.

lol!

https://www.fightforthefuture.org/ac...rypto-economy/

takes literally 2 minutes to reach out to senators offices to stop the portman amendment.

do itttttt

Here we go again

Will the grayscale premium flip to positive if this run continues?

lets go moon to 3400$ today

Scientists generally agree that infinite economic growth is impossible given physical limits, regardless of mitigating climate change. Our current paradigm doesn’t acknowledge this impending problem.

I’m beginning to learn more about ethereum. My understanding is still rudimentary so perhaps my vision is off. But could it be that much of the economy moves to the ethereum blockchain, becoming more fully digitized? Could we achieve enough growth through digital consumption? Would the physical needs of the network grow to the point that this itself becomes an issue of physical constraints at some point?

It will become more widely recognized this decade that solutions like EVs and renewables have their own physical and environmental limits. While circular economy principles and tech like artificial photosynthesis could greatly enhance our ability to grow within physical constraints, still they will be present and physical consumption must be reduced. At that point, I believe we will see less travel, less construction, less manufacturing, etc.

Any thoughts about these topics? Could this blockchain become the “world” in the way our physical world is now? And if so, is growth in this realm only a limit of our imagination?

Nope impossible. Buy the pet rock instead.