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
A: They could use AWS or something, why blockchains for it?
B: Blockchain is hyped so we capitalise on it.
A: But AGLO actually wants to have decentralised governance?
B: True but some parts of their software stack are patented so it is a bit tricky in some aspects
A: So what is patented in each chain?
B: It depends, in AVAX metastable byzantine agreement consensus (uspto.report/patent/app/202…), ALGO also has number of them: reddit.com/r/AlgorandOffi…
A: and SOL?
B: 8 patents, cbinsights.com/company/solana…
A: And people don't care?
B: Well some do but many don't.
A: When will you realise gains of those 50% allocations?
B: Well these are our secrets but yes we will have to at some point, VCs need to return revenue to shareholders, we are not charities or something.
A: You said that VC chains innovate why do they most of the innovative stuff like Hedera Hashgraph does...
B: Other network have communities, we have money, a looot of money and we can effectively buy scientist but we cannot buy communities of other chains.
A: So you need to make sure other chains don't copy your tech to their communities?
B: Yes, this is the only line of deference for us.
A: Thank you for a chat.
B: You are welcome.

• • •

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More from @matiwinnetou

25 Oct
A: Hello Sir B, short interview please?
B: Sure
A: What is our position?
B: I am a Junior Blockchain Developer
A: What's that
B: I know some aspects of blockchain but learning
A: Ok tell us, from smart contracts platforms what is interesting...
B: Depends what you want really..
.
A: Ultimate truth :)
B: That would have to be Cardano and Ethereum
A: Why is that, why not AVAX, ALGO, SOL, etc
B: Only those blockchains aspire at the moment to scale to millions TPS with L1 security guarantees (!), they just choose completely different path to the same goal.
A: Why is that?
B: Ethereum rushed developed an account model and rushed a few things to solve ultimately scalability issue (L2 layer using validators from L1). They want to do this via Optimistic and zkRollups.
Read 25 tweets
22 Oct
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".

@jadler0
Read 10 tweets
22 Oct
CRFA announcing Pool Relays page.

- 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.
Read 4 tweets
21 Oct
IMHO on such things depends price of ADA, 1$, 2$, 5$ or $32 or $100 in 5 - 10 years.

At the moment situation is very far from ideal.

In dire situation are especially pools run by 'builders'.

Most success have pools run by influences, early pool creators.
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)
Read 4 tweets
20 Oct
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
and many many more...
Read 4 tweets
18 Oct
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
Read 7 tweets

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