(1) Project Catalyst / Voltaire are really game changers. Think of this like this. Multiple teams and companies are forming a larger ecosystem being financed by Cardano's treasury. All of them work towards increasing value in Cardano and ultimately $ADA commodity token.
(2) Normally in a company you would have multiple departments and teams working towards company's profit, here you are funded by treasury and are working to increase value of Cardano.
(3) A team or a company is kinda like a contractor of Cardano to deliver a particular deliverable, which they propose themselves. Here comes an interesting thing we could do in catalyst -> users would request that somebody solves a certain problem and vote and then..
(4) companies would be take part in auction to delivery this functionality.
We could see working to a larger extend in Ethereum but in this case a source of financing for these teams was a ERC-20 token. People buying this token were supporting that team / company.
We could see working to a larger extend in Ethereum but in this case a source of financing for these teams was a ERC-20 token. People buying this token were supporting that team / company.
(5) Needless to say many of those investors expected gains in ICOs and those tokens but often they were funding tokens for teams. What if we fire somebody or forget to fund them? E.q. @liqwidfinance does amazing job but people simply forget to fund them further despite their work
(6) So right now on Catalyst (cardano.ideascale.com) we have a so called PUSH model, where teams push ideas and request funding. We could also have PULL model, where users propose ideas and companies / teams bet on those ideas. Then voting takes place to select company.
(7) When @IOHK_Charles said there is still a lot of do in Catalyst -> this is very true, there is a whole game theory side as well that needs to be monitored and analyzed.
Once you win in Catalyst - a project is kinda unbeatable because eventually millions of people will work
Once you win in Catalyst - a project is kinda unbeatable because eventually millions of people will work
(8) for Cardano... think about this.
Of course there are also cons... there is no such thing as job stability, everything is based on value. There are not employees, there are no trade unions, there are only contractors.
Of course there are also cons... there is no such thing as job stability, everything is based on value. There are not employees, there are no trade unions, there are only contractors.
(9) What we know from contracting out in our company is that often contractors do not pay attention to code quality as much and tend to be sometimes driven by "resume" for next job rather than delivering value.
I give you an example: a contractor may try to persuade management
I give you an example: a contractor may try to persuade management
(10) to move from private cloud to public cloud (e.g. GCP), this move covertly appears to benefit company but in fact it benefits contractor as they can grow and develop there. Couple of years ago I wrote about this here albeit also in context of emplyees: ebaytech.berlin/picking-techno…
(11) Having said that I think that core Cardano's artefacts are here especially at danger, lesser dapps and these things as they can be rewritten based on old code. Core Cardano code can be messed up and lots of time and money lost on this.
(12) I would like to see Cardano Omega proposal like yesterday but it is hard for me to imagine I would note vote IOG / IOHK by the end of the 2021 for contract extension. Where could one find next the team and @IOHK_Charles ? Crazy...
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