Cardano Classroom

RumChicken
RumChicken

If anyone needs a primer on how Cardano is going to overtake Ethereum, ask me anything. You can chase moons all you like, and you can hold ETH for as long as their platform has no alternatives, but ADA will dominate ETH in every possible way. What do you want to know?

All urls found in this thread:
https://cardanodocs.com/cardano/proof-of-stake/
Crazy_Nice
Crazy_Nice

Price prediction EOY?

Emberburn
Emberburn

how will cardano overcome eth's first mover advantage given that cardanos development process is deliberately extremely slow

DeathDog
DeathDog

What's the justification for transaction irreversibility taking hours to happen?

Crazy_Nice
Crazy_Nice

@Crazy_Nice
$30 if all targets met on time

lostmypassword
lostmypassword

@Crazy_Nice
$30
Thats 3x Bitcoin's current marketcap....

Dreamworx
Dreamworx

@Crazy_Nice

$5 conservatively, assuming BTC doesn't enter a long term bear market.

@Emberburn

It's not deliberately slow, it's deliberately correct, meaning the project will not accumulate the massive technical debt that projects like Ethereum have amassed. Getting things right the first time when you're building your platform ensures you're not spinning your wheels on issues later on, like what is going on with Ethereum and BTC right now.

Cardano development will accelerate exponentially while ETH development will slow logarithmically as they try to burn off all the technical debt they've accumulated by doing things "wrong" during the design phase, while still trying to implement new features.

First mover advantage in a brand new space is actually a huge handicap. Just ask Yahoo. Does anyone still use Yahoo for search? No, they use Google. First mover advantage my ass.

haveahappyday
haveahappyday

@DeathDog
@RumChicken
Well?

CouchChiller
CouchChiller

Also what the fuck is preventing ETH from just making a transpiler for Haskell?

Nude_Bikergirl
Nude_Bikergirl

@lostmypassword
I don't know shit but bitcoin's marketcap was 16b in january 2017 and it surpassed 320b last december. So while $30 is high for cardano this year, $10 seems far to easy

Gigastrength
Gigastrength

price prediction by the end of the night??

TreeEater
TreeEater

@RumChicken
I'm certain ADA will crush ETH. One thing I've yet to figure out though is if the 45b total supply are going to be the staking rewards or will the rewards actually be making new coins?

TurtleCat
TurtleCat

@RumChicken
Is there a product already and what problem is it fixing?

Firespawn
Firespawn

@DeathDog
hours

The fuck are you talking about?

"Transaction confirmation times in minutes that achieve assurance 99.9% against a hypothetical double spending attack."

It's almost 250x faster than bitcoin and 120x faster than Ethereum. It's literally at the near maximum limit for globally networked transaction times.

PurpleCharger
PurpleCharger

@Firespawn
do you think its a problem that japan has most of hte coins?

Poker_Star
Poker_Star

Today's ADA threads have been the most pathetic shilling attempt on a coin I've ever seen. Fucking sage

ZeroReborn
ZeroReborn

@PurpleCharger

Do they really? Show me a ledger of who owns which wallets and their values.

Raving_Cute
Raving_Cute

@TurtleCat
^

happy_sad
happy_sad

@Firespawn
You don't understand the difference between a transaction confirmation and an irreversible transaction. A fork can appear that excludes any irreversible transaction. Not sure why you're doing an "AMA" if you don't have a basic understanding of blockchains.

Emberfire
Emberfire

@RumChicken
When happens when the Japanese ico investors decide to dump their Ada? (~80% of the total supply)
They haven't dumped yet, as you know, because Ada hasn't been listed in any Japanese exchange so far.

TurtleCat
TurtleCat

@RumChicken
but what about QWERTY keyboards

does the best always win the marketshare

Soft_member
Soft_member

Ever since I went all in on Cardano at .13 I've been attempting to understand more about it. Many of the advantages are clear, but their endgame is still fuzzy to me

Does ADA strive to reach universal usability in some fashion?

Will I be able to whip out my ADA debit card and get drinks out of a vending machine?

Or is it more about providing a basis for future projects?

SniperWish
SniperWish

@TreeEater
14,000,000,000ish of the coins are staking rewards. No new coins

whereismyname
whereismyname

@TurtleCat
@Raving_Cute

There is a mainnet and a wallet. Staking system should be deployed in March.

@happy_sad

You don't understand the fucking quote I posted to you, dumbfuck. Read it again. It only takes minutes to confirm up to 99.9% against double spend, meaning 100% immutability is not going to measured in hours but minutes, you fucking pajeet street shitter. Where the hell did you get the claim it would take hours unless you don't understand the least fucking bit how Ourobourous works, dipshit?

idontknow
idontknow

@RumChicken
How many proletariat will you send to the gulag when Carldano takes over?

Deadlyinx
Deadlyinx

@whereismyname
what does the staking system do?

Deadlyinx
Deadlyinx

@Deadlyinx

https://cardanodocs.com/cardano/proof-of-stake/

It's how we decide who gets the block rewards for processing transactions.

AwesomeTucker
AwesomeTucker

@whereismyname
Block Interval:
Ouroboros: 20 seconds
Irreversible Confirmation:
Ouroboros: > 5 hours

Do you know the difference?

TurtleCat
TurtleCat

@AwesomeTucker
I think what OP means is that 99% confirmation is in seconds but a 100% confirmation will take hours.

cum2soon
cum2soon

also pic related

massdebater
massdebater

@AwesomeTucker

Where are you getting those numbers other than fucking Dan Larimer? He just got those numbers out of his asshole where most of this ideas come from, like the idea that EOS can confirm in milliseconds even though that's literally fucking impossible on a globally routed network.

eGremlin
eGremlin

@TurtleCat

No, I mean that up to 99.9% confirmation will happen within a few minutes, and absolute irreversibility will occur within tens of minutes.

Not 5 fucking hours.

girlDog
girlDog

@massdebater
you're so defensive about this
now I dont trust you anymore
pajeet

5mileys
5mileys

When the fuck is staking coming out REEEEEEEEEEEEEEEEEE I want to stake something. Anything really even staking my penis into a a tranny's ass.

Stupidasole
Stupidasole

@girlDog

sucks Dan Larimer's dick
Doesn't like it when he gets told to get Dan Larimer's dick out of his ass
calls people defensive like a woman when cornered

Yep, it's a faggot.

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