Since some of you are depressed with PAB on Cardano taking longer than expected by the community, let me try to cheer you up and you tell me if this worked.
... thread...
"We recognize the power of UTXO, this is why at @fuellabs_ we are building the most scalable optimistic rollup in the world, with unique UTXO-based design on Ethereum as L2 solution. We just don't believe 6 years peer reviewed research that IOHK is doing is necessary".
You may also have noticed that @ercwl has gone quiet after his attacks on Cardano.
You see when @fuellabs_ is building UTxO L2 based solution on #ETH then all is fine but when Charles and IOG are doing then suddenly this is the worst thing on the planet and won't work for DeFi.
What does it tell you? It tells you that people are evil to the core and there is very little legitimacy in this industry. People don't tell you the truth, either because they deceive you (conscious) or they are deceived themselves (subconscious).
Let me finish with a few beautiful quotes.
1. "Nobody is ready on DeFi on Cardano" - @DCdoso 2. "Processing on ETH is sequential, in Cardano eUTxO processing is in parallel, most people haven't worked it out yet" - @CardanoMaladex
3. "Invention of eUTxO is comparable to invention of multi processors" - @IOHK_Charles 4. "On @liqwidfinance we are planning to introduce tripple yield DeFi products, when we launch it, it is gg to VC chains." - @DCdoso
5. "It will take some time until people learn how to program with eUTxO blockchains, DApps need to be rewritten and new approaches by devs need to be found to take advantage of parallel processing." - @IOHK_Charles
6. "It is an irony that eUTxO is mocked in crypto industry by clueless people since it is a great invention still not understood by many".
7. "On-/Off Chain separation in Cardano opens up quite a few new possibilities, we are amazed what it allows us todo." - @CardanoMaladex
A: Hello Sir, you are from which VC firm?
B: Unchained Inc.
<small talk>
A: How is it that new SM chains launch despite competition of Cardano and Ethereum?
A: The problem with established chains is that they have too high token price, it is much better to launch new one from 0
A: So you support chains like AVAX, SOL, LUNA, ALGO and effectively print money?
B: Well, who said print money, we innovate but for this innovation we want high profit, this is why VCs own sometimes even 50% of tokens of those chains, yes.
A: But others could copy you and fork!
B: No way, we usually patent parts of software so it is not possible to fork those chains
A: But doesn't centralize those chains?
B: Yes but most people don't care, they want to flip coins and NFTs and want cheap transactions
- relays per country
- relays per provider
- user relays per pool
- map
Note this data is excluding retired pools.
Future work:
Epoch level data not available yet but we will be gathering history from now on, also retired pools are not factored, something we want to explore as well, that is in which location they retire. We want to classify providers into cloud / baremetal in future versions.
This not so simple because needles to say influences also contribute to the success because they often bring new users but balance should not be too much skewed.
This problem is recognized and some work is ongoing but much much more needs to be done.
Here what needs to happen:
1. Multi delegation portfolios [IOHK] + community including staking portfolios. @viperstakepool@CryptoJoe101@PooltoolI@Stakeboard_ 2. Education among friends, family that community builder pools are key 3. Support from IOG and Cardano Foundation (in progress)
In Catalyst I voted for many proposal but notably:
- Elm Integration with Plutus
- Plutus PAB Typescript SDK
- Maladex: Algorithmic Swaps Protocol (MALADEX)
- Maladex: Cardano Index Funds (MALADEX)
- Indigo: Synthetic Assets on Cardano
- Reach PoC
- Connecting delegators to SPOs
- Multisig For Building EVM Bridges (DC SPARK)
- Blockfrost PAB
- Multiverse - dApp Rollback Handler (DC SPARK)
- Cross-chain Asset Transfer Standard (DC SPARK)
- API for Multi-Delegation Portfolios
Q: You mentioned CRFA is working on stakepool accounting software, this got me thinking, what is this?
A: We noticed that each epoch, month we have to do some actions that could be automated like sending % of revenue to charity, reserving ADA for our epoch lottery.
Q: So it will withdraw rewards for stake pool and credit this into account + cost and distribute profit based on pledge to pool owners?
A: YES! This is a bit of a mess to manage this, some profit is pledge based, some is stake pool based and its harder when you have more owners
Q: Ok but this is not so easy, sometimes utility bill for electricity or cloud is in USD not always in ADA
A: This is true but it is possible to convert also and we are working on automation for ADA payments, for some things it will work well as more and more ppl have ADA addr
I get asked a question why I am against MPOs (Multi Pool Operators).
Let me explain. It is a bit complex, they are not the worst in some cases albeit far from ideal.
It is all about added value.
I have been working as a Tech Lead now for years in rather large organisation. I have this position that somehow puts me in hierarchy higher. Over years however I noticed that ingenuity and many great ideas comes from people below my "level" and I felt this level things is stupid
In this sense ADA delegated to another stake pool could enable them to realize ideas I didn't even come across.
OK you could argue but as a multi SPO I could hire many people and we together would innovate on ideas and provide additional value to the Cardano ecosystem or?