Over years critics of Cardano came up with lots of misinformed statements. I remove most idiotic ones but some are somewhat sensible to talk about. Let's go.
Folks often / sometimes say:
Folks often / sometimes say:
1. "oh on chain governance, you want plebs to vote on critical network params"?
LACKS_DETAILS:well it is very sensible view, of course it cannot work like this, Cardano is planning representative democracy with domain experts which people will vote on and off
LACKS_DETAILS:well it is very sensible view, of course it cannot work like this, Cardano is planning representative democracy with domain experts which people will vote on and off
2. "I looked at Cardano's Ouroboros and wtf, it doesn't even have a fee auction system".
There is now a fee auction system in Alonzo but no software supports it yet (apart from core ledger). It was introduced for different reasons - security to best of my knowledge
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There is now a fee auction system in Alonzo but no software supports it yet (apart from core ledger). It was introduced for different reasons - security to best of my knowledge
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Cardano wants to scale with it's community but without increasing fees. Right now transactions going over capacity of mempool would be dropped but user would not be charged for it. One could increase mempool a bit so they would get queued up.
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Generally on L1 there is now plenty of capacity for increases for throughput, up to 2 MB blocks which would give us ca. 250 TPS, enough for years to come. Real scaling however needs to happen on L2, L1 should be just proof checker but we are not here yet.
3. "Hydra is years away!"
This is not true, first basic version of Hydra L2 protocol has just been demonstrated live in Berlin, I think it is reasonable to expect first Hydra Head protocol delivered with hydra-node without extensions yet until end of Q1 2022(don't hold me to it)
This is not true, first basic version of Hydra L2 protocol has just been demonstrated live in Berlin, I think it is reasonable to expect first Hydra Head protocol delivered with hydra-node without extensions yet until end of Q1 2022(don't hold me to it)
4. "Cardano can only do 6 - 7 TPS, it is a scam". Yes with 65kb blocks and avg 20 sec internal between blocks - it is what it can do.
Cardano could do much more if desired, up to 2 MB blocks, every 20 secs or less could very quickly end up being >= 250 TPS the question is why?
Cardano could do much more if desired, up to 2 MB blocks, every 20 secs or less could very quickly end up being >= 250 TPS the question is why?
Going very fast on L1 network centralizes it because you need lots of storage, sure you could have a concept of archivers like Solana has but there are trade-offs with this, you cannot validate easily chain from the beginning.
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There is a notion in blockchain called: inclusive accountability where other people can check up on your work, this is pretty expensive in general and Solana makes it even more expensive (after some time where archiving takes place). Just like ETH Cardano plans to scale via L2s.
5. "ETH won"
Well, chain still splits, ETH 2.0 is still not reality, you pay for failed transactions, Arbitrum / Optimism are still not stable and you need new compilers for smart contracts (not isomorphic), ETH 2.0 staking is overall far from perfect, non CRC on ETH addresses.
Well, chain still splits, ETH 2.0 is still not reality, you pay for failed transactions, Arbitrum / Optimism are still not stable and you need new compilers for smart contracts (not isomorphic), ETH 2.0 staking is overall far from perfect, non CRC on ETH addresses.
6. "Who will program in Haskell, you must be kidding me".
Haskell is an interesting one. My experience tells me that majority of the cases when you chose a language in a company you chose the one in which you have most talented programmers / researchers. Crazy I know.
Haskell is an interesting one. My experience tells me that majority of the cases when you chose a language in a company you chose the one in which you have most talented programmers / researchers. Crazy I know.
Almost all programming languages are Turing complete so you can do anything you want. It is not a mystery that Haskell syntax is a bit alienating for modern programmers used to c-alike syntax ....
but for majority of the cases, e.g. in DeFi a bigger problem is for instance Quantative Finance. In addition there is Plutus but there is Plutus Core. Plutus Core is actually assembler with ca. 15 instructions. One can write a compiler to Plutus Core... Apart from Marlowe (IOG)..
one company is already doing it (@MutualKnowledge ) and creating a Glow to Plutus Core compiler. Another company @reachlang has amazing developers that can also make Reach -> Plutus Core compiler if you decide to vote for them cardano.ideascale.com/a/dtd/Reach-PO…. I will for sure(!)
While Haskell is considered disadvantage in some circles in some more traditional professional investment banking companies it is rather an advantage. So it really depends who you ask, in terms of numbers fewer people but sometimes high professionals in Finance sector know it.
"Nobody is building on Cardano"
This is of course not true, there is many many companies and start ups building and for Catalyst Fund 6 (Cardano's on chain governance system) there is 800 proposals fighting for only 4 mln USD, which means there will be lots lots of losers :(
This is of course not true, there is many many companies and start ups building and for Catalyst Fund 6 (Cardano's on chain governance system) there is 800 proposals fighting for only 4 mln USD, which means there will be lots lots of losers :(
"eUTxO is not suited for DeFi"
It is absolutely suited, it is just harder because you have to make a jump as a programmer from knowing how to program single-core processor to a multi-core processor. It doesn't happen over night.
blog.maladex.com/maladex-solves…
@CardanoMaladex
It is absolutely suited, it is just harder because you have to make a jump as a programmer from knowing how to program single-core processor to a multi-core processor. It doesn't happen over night.
blog.maladex.com/maladex-solves…
@CardanoMaladex
"Charles was kicked out of Ethereum"
The truth is that he did disagree on some fundamental issues with other founders. It is actually quite common across various companies. Now he can realize his vision. Some arguments put against him are actually advantages (paradoxically).
The truth is that he did disagree on some fundamental issues with other founders. It is actually quite common across various companies. Now he can realize his vision. Some arguments put against him are actually advantages (paradoxically).
"Cardano is ok but damn it is slow af".
Peer reviewed research is not fast for sure but correctness is for sure super important, also Ooroboros, eUTxO, Hydra Isomorphic State Channels and many more papers are something that IOG and others are innovating in. Innovation takes time.
Peer reviewed research is not fast for sure but correctness is for sure super important, also Ooroboros, eUTxO, Hydra Isomorphic State Channels and many more papers are something that IOG and others are innovating in. Innovation takes time.
If you honestly look around the ecosystem, what you will find is that 80% copy something, add 20% innovation on top of it and launch a project, if you are lucky. Collective there is a lot of innovation in the crypto space. Cardano makes everything open source and patent free.
"Nobody does peer research, feels like waterfall".
If you consider Cardano major upgrades they don't feel like waterfall or? Byron, Shelley, Allegra, Mary, Alonzo.
I would call it s hybrid system, design upfront (blockchain is specific, and can be hard to change) and then agile
If you consider Cardano major upgrades they don't feel like waterfall or? Byron, Shelley, Allegra, Mary, Alonzo.
I would call it s hybrid system, design upfront (blockchain is specific, and can be hard to change) and then agile
"Cardano doesn't look like any other blockchain, it is slow to launch".
Cardano did one of the most important innovation in the space (Also Tezos has it) that majority people don't realise it is called Hard Fork Combinator.
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Cardano did one of the most important innovation in the space (Also Tezos has it) that majority people don't realise it is called Hard Fork Combinator.
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You see blockchains overall are extremely hard to upgrade - hard fork combinator could be one of the most important features Cardano has.I am not even kidding here. In software development updating system with confidence is super important, as important as air programmers breathe
Ask questions, I will be more than happy to answer them, perhaps I forgot about a few attacks from Cardano sceptics, let me know!
If you like this kind of content don't forget to stake with Cardano Fans (CRFA).
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