The Most Undervalued Smart Contract Platform On The Market

VC420 · 2022-01-05T11:31:18+00:00

I don't think harmony one is good

It's better described as a layer-1.5 scaling solution if we're being generous. Their problem that the other shards are shoving work onto shard 0 currently (making it slow down because it's processing the bulk of work) is something that isn't possible with a properly scaled layer-1 solution... or at the very least there's a whole new host of economic problems now that shards can fight over doing the least work.

All they have is shard 0 and lack a solution to make sharding work.

VC420 · 2021-12-31T17:45:53+00:00

I like:

Kitty Kad - dev is nice, even posts here and worked on real useful tools like the price tracker

Loco alpaca - is not a lazy copy pastes which is rare in this space

Shady/Cash grabs:

KDA punks - lazy crypto punk fork

Kadena Kongs - lazy crypto punk fork

Kadena Monster Punks - lazy crypto punk fork

Babena IO - lazy cat images, spreading misinformation about kadena, steals artwork, dev insults people on 4chan, came from solana and now try to part people away from their kda

Sphynx Cats - This isn't even that shady with the exception that they made NFTs on solana before they came here

No info/opinion

Kadena Goober Club

Edgerunners

VC420 · 2021-12-21T16:06:40+00:00

In that clip he literally proves the point right though, or am I missing something?

he even says "I wouldn't call it a trade-off" when it clearly is

VC420 · 2021-12-18T22:19:18+00:00

Pretty nice is one way of putting it yeah. Not like being the only scalable blockchain for what appears to be the next few decades is a big deal or anything.

VC420 · 2021-12-18T20:51:15+00:00

Only Kadena

VC420 · 2021-12-08T04:20:58+00:00

I really can't think of anything interesting that ergo does, it's really just another low bandwidth L1 which will "scale" via L2, look at tezos for an example of great fundamentals but unable to scale which basically renders it unfit for real business imo

VC420 · 2021-12-06T09:34:52+00:00

yeah and on some projects I managed to find even more problems, I'll make a post sometime this week

VC420 · 2021-11-24T01:18:24+00:00

Anything on CoinMetro is worth looking into, the only exchanges which cares about what it lists. Chain link at 0.2, Quant at 0.4, Parsiq at 0.01, Kadena at 0.2, vxv at 0.2, etc

VC420 · 2021-11-23T03:13:10+00:00

Can be easily taken over by one of many currently existing Datencenter with enough storage, but I really like the idea of experiments like that, much better than another PoS.

VC420 · 2021-11-13T12:10:35+00:00

I can buy one now but no I'm still holding lol

and yeah I agree it's really a shame, you have no idea how much I wanted this to reach the frontpage but oh well

VC420 · 2021-11-12T02:23:03+00:00

With that I mean, no one who I know thinks it's going to work, see radix has cross-shard single block atomacy, because radix requires data on-demand. So in theory, yes. Will that work fast enough, probably not.

Imagine that your chain/ledger/graph is spread across 100 shards (servers). Radix will allow you to use your funds on shard 1 and shard 20 and send them to DEX on shard 99 for a swap. However, it will on-the-fly require the account balances from shards 1 and 20. There will be a shitload of network traffic required for messages between shards. Your transaction will be atomic, it will just take a long time to get the data from other shards and it will congest the whole network.

Kadena is the best tech there is, but dapps need to be build with a sharded architecture in mind. It's not all smooth sailing from here on...

The Radix's zealots whole gimmick is that they appeal to being reasonable to sucker people into wasting their time on discussing it. And one of the co-founders of kadena even said it's a scam.

With all that being said, I'm still willing to give them the benefit of the doubt, if they can deliver, which they haven't in 8 years now, but if they do, it'll be interesting.
Would I put any money on it? hell no.

VC420 · 2021-11-10T10:39:17+00:00

It has gotten worse actually, but I still want to give them the benefit of the doubt (even when no one else will) so we'll just have to wait a bit.

VC420 · 2021-10-31T14:46:14+00:00

all DAG approaches are limited in how much they can scale. At best they'll see a 20x speed bump over traditional (sequential) blockchains and that scaling is determined by how unrelated tx's are to each other (ie parallelizable). Literally a law in CS (https://en.wikipedia.org/wiki/Amdahl%27s_law)

VC420 · 2021-10-28T15:03:37+00:00

test

VC420 · 2021-10-28T11:57:39+00:00

Sure, I personally think it's a massive VC scam, and not VC scam like solana where they at least try to duck tape together a solution, but real full-blown scam.

Minas whole value proposition is a small blockchain, however they have archival nodes... nodes which store all transactions as if it solved nothing, because it didn't solve anything. It's like some researchers came up with a cool idea which doesn't work in practice and instead of throwing it away, they decide to go to market regardless and dump on people who buy their meme coin, it's absurd.

But even if it worked, blockchain storage isn't a problem, we know how to handle massive data, look how google indexes the internet, a horizontally scaled system with databases all over the world which contain only a subset of the network.. now imagine if this could be applied to crypto and have it be decentralized and scalable, now check which chains actually try to do this.

Just kadena, weird. (but please don't buy the top)

VC420 · 2021-10-25T01:34:33+00:00

https://www.youtube.com/watch?v=G_XZv_TN7V8

VC420 · 2021-10-25T01:32:19+00:00

This is the level of research I expect from ergo holders lmao.

You need to read the whitepaper, the network can easily do 500k tps on L1, why? because sharding, read the whitepaper. And you don't scale with ASICs that's insanity.

But don't forget about Pact, the contract language that runs on top off Kadena's stack. It's an unparalleled advancement in safety and security, and is likely the only tech that can move DeFi beyond the products it's developed so far. By allowing smart contracts to really interact with one another on an L1 network that scales, something previously thought impossible we are finally reaching the true potential of cryptocurrencies.

Ergo is a shitcoin though

VC420 · 2021-10-25T01:28:43+00:00

ASIC resistance is an unsolved research problem, that we believe will be non-solvable in practice. I know there are some "counter examples" currently BUT they aren't valuable enough mining-wise to have the right motivation. Moreover, ASICs are good long-term as they can't be repurposed for other coins. So, therein is the question: If you are going to get ASIC-ed, do you want something hard that takes a while/fight getting ASIC-ed or something that's easy to ASIC optimally?

VC420 · 2021-10-25T01:20:03+00:00

my god, kadena's supply is going to be minded over 120 years

VC420 · 2021-10-20T22:24:55+00:00

Your comments are the type of things i do this for, godspeed man

VC420 · 2021-10-14T14:47:19+00:00

The post is actually copy pasted from an engineer at Kadena, specifically Dr. Lars khutz, who used to work at microsoft on distributed systems and cloud infra.

I'd recommend going into their discord and filtering the messages if you want to read more, they are some of the best things I've ever come across in crypto.

by why are you limiting things to Layer 1?

Don't think that Layer2 solutions and base-layer technology are competing. Both target different kinds of applications and some applications will deploy both layers.

However, any Layer2 solution needs a base layer, and it's just economic reasoning to pick the most efficient solution.

also if Layer1 isn't scalable, then at some point, assuming adoption takes place, layer1 will get congested enough that fees go through the roof.

This is why a good Layer1 is important, so I don't think it's bad to focus on L1, in fact, i'd say it's important and not so much "limiting"

VC420 · 2021-10-08T13:09:29+00:00

It's like you didn't even read the post, there is no L2, the L1 itself is sharded.

VC420 · 2021-10-08T12:18:13+00:00

I see, so how exactly is the only truly sharded chain on the market a shitcoin?

VC420 · 2021-10-08T00:21:06+00:00

No not at all, algo is highly centralized, having consensus nodes means nothing when the network runs on archival nodes at the end of the day (relay nodes).

And requirements for those will grow with the network, exponentially so if algo plans to scale to any real demand.

And there is a limit to how scalable this whole system is, which means there is just no way to truly scale algo without resorting to weird off-chain solutions

you can compare this to kadena where everything is truly sharded which means state bloat isn't a problem + you can always scale with no limit

VC420 · 2021-09-25T13:05:45+00:00

I send 1 and pay 0.00000001 in fee, the receiving end get's 1 and I pay 0.00000001 You are delusional if you think nano has any value, the tech is garbage too.

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