(1) Hydra.

Based on what I understand about Hydra is that low value transactions will be either automatically or with a decision of a user routed through L2 Hydra.
(2)
Now this is all known but think about like this, in E.U. it is necessary to register transactions from 10.000 EUR and banks do this, no major institution cares that you are buying a coffee or a meal for 5 EUR.
(3)
Those transactions would be routed automatically or manually via Hydra L2.

Stake Pool Operator would still contain log of those transactions and perhaps Hydra will introduce some async syncing process to send this data (replicate) to another SPOs for redundancy reasons.
(4)
They key is that process to send Hydra transactions to another SPO must be an asynchronous process, then you eliminate all mess associated with taking part in consensus.
(5) My understanding is also that with Hydra apart from getting isomorphic smart contracts (+), sadly one would not get inclusive accountability (this is for sure a disadvantage), only on L1 you have other people checking your transactions.
(6)
Long story short, this is very interesting approach, in line with overall regulations, and no other blockchain is planning it.

@_KtorZ_ does this somehow make sense? How would Cardano know what is low value transaction what is high value, could user override it (L1 or L2)?
@_KtorZ_ Is it even possible for Cardano to implement Blockchain pipelinening that Algorand have or architecture prevents it? It pushed them from 1.000 TPS to 46.000 TPS. We don't need this yet but question is whether this approach for L1 scaling is even possible on Cardano?

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More from @matiwinnetou

16 Sep
Q: Why are AVAX supporters never criticising ETH but are sometimes taking the mickey out of Cardano and Cardano supporters?

A: Avalanche fans know that ETH ecosystem is in trouble, L2 scaling, ETH 2.0 is still not here. They aim for customers that hate Cardano and @IOHK_Charles.
I think it is a strategic decision to aim for customers that are not fan of Cardano ecosystem, prefer heavy VC investments and in general align with philosophy of Ethereum.

They would never attack Vitalik for slow execution because it would undermine ETHs ecosystem's hero / star
Hear me out, there are cultural and philosophical differences between #Cardano and #Ethereum ecosystem.

There is a set of people (share is unknown) that would never leave Ethereum (if they had to) to go to Cardano. This is a certain market share that cannot be easily estimated.
Read 4 tweets
3 Sep
1. BTC: PoW is king, PoS sucks, L1 without smart contracts, should move slowly because money likes stability. In terms of governance they are fine with federated system as long as monetary policy doesn't change.Don't seem to care about growing electricity usage too much. Gold 2.0
2. ETH: Move fast and innovate, occasional breaks are fine as long as we innovate (stability sucks in fast evolving tech), experiment with monetary policy as as long as you want but numbers need to go up. Blockchain without smart contracts is not a blockchain. Federation is fine
3. Cardano: Stability over experimentation, user shouldnt suffer financial loss over experimentation, e.g. minimize SM hacks, predictable fees, don't charge for failed trx, governance should be democratic but proportional to ADA, staking not for rich only. Charities are fine.
Read 12 tweets
2 Sep
(1) Once we get Voltaire such an increase in fees and a trick to pump bags of early investors could also get passed. Neither a federated system (Ethereum) nor fully democratized system protect against it.

Ah come on Cardano Fans you say right, we are angels... we would not do it
(2) This is the moment when you need to be afraid of yourself and your future voting. After all we have pools that have >= 5 multi-pool operators milking often tens of thousands USD per epoch.
(3) No, we as Cardano supporters are not somehow magically immune to massive greed, despite @IOHK_Charles preaching about values and morals since 2017 if not longer.

Greed is a human cancer.
Read 8 tweets
22 Aug
So tell me, why Cardano?

(1) In 2021 I could see many smart contract chains launching, a lot of them quite late to the party but launching with "amazing TPS". TPS is a vanity metric.
(2) Not surprisingly that in this whole TPS paranoia you can see now e.g. Solana on top because they claim 65.000 TPS on L1. The problem is that their TPS is not growing with the community. On Bitcoin there is 7 TPS and yet still BTC has indisputably the largest community???
(3) You see it is about size and values of the community not some nonsense TPS metric. Cardano community is all about governance, extreme patience, delayed gratification (en.wikipedia.org/wiki/Stanford_…), inclusivity, egalitarianism (with some exceptions sadly) and most of all integrity.
Read 8 tweets
21 Aug
Every single one of you in Cardano community can help, every one(!).
How:
- talk to to some friends about Cardano but if they reject it don't be pushy!
- write a blog article explaining it in your native language
- buy T-Shirts and stickers, plenty of them online
- submit Catalyst ideas
- talk to other projects if they want to build on Cardano, e.g. @Mobius_Finance or in fact any other and tell them that funds are in Catalyst but also in 4 other kick starter projects (@OccamFi @VentFinance @CardStarter @kicklaunchpad), plenty of DeFi proj
- politely engage on tweeter to protect good image of community
- review(!) and propose new CIPs: cips.cardano.org
- help develop SPO tools, e.g. write a new S.M.A.S.H server linked to @adafolio1 pools data
Read 8 tweets
15 Aug
(1) Dear Cardano Community members, I need your help (!)

@chrisswenor is interested to know how much appetite from the community would be to add @reachlang support on #Cardano.

cardano.ideascale.com/a/dtd/Reach-on…

Please engage and give me your feedback (!), we need it, details below.
(2) Reach is a programming language written in Haskell, which is very similar to Glow. It is a DSL and writing a Plutus Core is rather simple.

Reach has over 2.000 developers onboarded and in fast is core of AVM (Algorand Virtual Machine).
(3) Dapp on Algorand can be ported to Cardano and vice versa.

Language is written in such a way that hacks are super hard.
Read 7 tweets

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