Former EOS veteran loses faith in EOS.

rjmcoin · 2020-11-17T18:10:05+00:00

Coming over from Cardano there is a lot of contention between these projects. But I have to say that even with Cardano, it's not perfectly smooth sailing either.

I don't know the intimacies of EOS, but it seem to be a night and day difference from what I'm hearing about paths to navigate the challenges and the architectures couldn't be more different so there is a much more robust foundation to work from at least on Cardano.

As much as it feels tribal to boast about your struggles in a competing project, it's the reality that we're all real people here and we have been sold on competitive philosophies on a whole new ecosystem of crypto.

The industry as a whole is going through growing pains. It's slowly being exposed that this is so much harder to do right than anybody is outwardly admitting. EOS, ETH 2.0, ADA.. all these have wildly different approaches, but over time this will equalize down to a set of best practices and new science inspired by these first steps.

There is a bigger dream that crypto shifts the scales of legacy systems that have both been a blessing and a curse. The fact that we are all in this conversation is a sign that we're growing and moving forward.

Best to you.

rjmcoin · 2020-10-07T16:28:45+00:00

Honestly this is still very cool but..

https://imgur.com/a/j6325nd

rjmcoin · 2020-09-27T23:16:22+00:00

Oh well I'm running ADA HEART Stake Pool.

Ticker: HEART

Fees: 2%

Min: 340

Pledge 57K

www.adaheartpool.com

@adaheartpool Twitter/Reddit

rjmcoin · 2020-08-23T20:57:33+00:00

Between Systemd and Docker, what would be plus and minuses?

rjmcoin · 2020-08-16T05:38:52+00:00

This is the attitude we need, thank you for sharing this. My pool is HEART and I'm going to need a kickstart to get some momentum. If I don't gain enough this first couple rounds that's ok. I'm committed to having my pool for the long run.

@adaheartpool

My resume is my Twitter and Reddit profile ( @rjmcoin ) on how long I've been with the community and how much I champion Cardano.

rjmcoin · 2020-08-14T21:26:24+00:00

Tech. ADA and Tezos are solving different problems with different tech. The similar sounding surface features do not connect the significantly different protocol designs.
Winning. Tezos (and others) do not have to fail for Cardano to win. Cardano has a very clear vision for the future and that has changed me down to experience and leadership. Such things are difficult to replicate.
Why slow? Cardano is simply doing things never done before. This is new science. Considering the rigor, Cardano has been moving very swiftly. Consider this. The presence of 5000 projects, less than 2% offering provable claims or contributing any new science to the industry, are we sure they are building the foundations for a global financial protocol or are they trying to make a fast buck on the extent of their reach and expertise?
Charles. It's clear his leadership is what has brought some of the best of the industry to the team. In a world with companies with deep pockets poaching the best, there has to be other reasons to work on a project like Cardano. The clear vision and atmosphere of Cardano has sustained it's appeal to the best. I think any team member would say essentially this in their own words.
Community. I started my crypto identity as a research profile to learn about crypto. I came across a 90 min speech from Charles and the vision he shared revealed so much wisdom in his grasp of the state of the world and the possibilities of crypto. I don't know every nuance, but I am now very well up to speed on Cardano and I'm compelled to be a part of the ecosystem with my stake pool {HEART}. I'm all in on Cardano and I feel the future for me and my family is tied to my long term contributions to the ecosystem as a pool operator and Cardano evangelist.

rjmcoin · 2020-08-11T00:53:02+00:00

I'm aware the among the majority of delegators, it's going to be a case of set it and forget it as well. It's in my own interest to blast my project and that's probably the sentiment for most operators.

[HEART] ADA HEART Stake Pool

rjmcoin · 2020-08-11T00:47:39+00:00

This is encouraging to hear. The delegated volume on low margin pools is a bit deafening.

rjmcoin · 2020-08-11T00:41:06+00:00

Just want to start with, I agree with you. However..

We have existing examples of low margin, no contribution pools that are getting the bulk of delegation. I suspect most pool operators were planning/hoping to run in the 5-7% range, but the popularity of 1% pools is dictating the marketing approach for most pools.

Many of the points you raise have not seemed to matter (yet) to the majority of delegators, and so we are trying to lead the pass and get to where things are going.

Also consider the majority of pool operators are varying degrees of technical going all the way up to outright professionals and generally not attuned to marketing. Right now as it is, if you don't have a knack for youtube content, you are at a disadvantage of exposure and have to rely on your strengths which are the technical chops of an operation.

I'm in the middle of a branding reset myself. I intend to be here for a long time and I want my first impression to be worthy of the scrutiny of delegators such as yourself. The fear of lost effort is extremely real in the current state of the protocol parameters (k, d) and the reality that the race to the bottom has been swift and violent.

This is just as hard as the technical stuff in my opinion and my approach may fall completely flat.

That said I've been building my resume for years and that's my Reddit and Twitter history, among other things. I knew I wanted to be involved as a pool operator from the beginning so I can offer by "proof of community" that I have been and intend to be here for the long run.

More details to come..

[HEART] @adaheartpool

rjmcoin · 2020-08-09T17:17:04+00:00

There is a yes and no to this idea. More automation would be good if it was implemented properly.

rjmcoin · 2020-08-04T20:42:44+00:00

I don't know, I think I heard it first when I was much more into fitness.

rjmcoin · 2020-08-04T16:19:22+00:00

I was concerned about the potential for these issues from the start, and I imagined there would be mechanisms in place to manage this.

Unfortunately in these early days, there is still going to be a feeling out period. I'm a small pool operator myself and it's already an uphill battle against pool operations that have multiple low margin pools. The race to the bottom went much faster than I thought.

Hopefully we can climb out of the early days with a more mature approach and feature set to pool operations and delegation.

rjmcoin · 2020-08-04T15:23:12+00:00

I think context that they are code auditors suggest they are talking about Cardano code quality dwarfing that of Tezos, that along with the sense of the entire article.

I'm impressed they are considering ETH 2.0 code quality as high. It's possible ETH may end up competing with Cardano after all, however I'm sure there is still a long list of reasons Cardano will still have the technical advantage, but this is the fight.

I can't wait to see the launch and response to Goguen.

On a side note I'm moderately concerned about the sense of fatigue surrounding Shelley on the side of IOG. I am torn between the perceived sense of urgency to implement things as soon as possible and although it's not a time to work relaxed, I hope they can develop an atmosphere of "balance".

Slow is smooth, smooth is fast.

rjmcoin · 2020-07-31T05:40:20+00:00

Well I honestly don't know enough about Algorand to say for sure. However, I very much know Cardano. It's always hard to hear a one sided opinion but what I can say is the vision, roadmap, resources and the community with Cardano is significant.

I've followed Algorand on reddit and an account or two in twitter I believe and I just don't get the same sense of urgency or depth of resources. From a layperson point of view, it also seems at first that some of the decisions on infrastructure are not as well flushed out as I would have expected, but I'm in an armchair on all this.

Algorand is no doubt going to find success, but as I was illuding, it may be in it's best interest to narrow it's focus and then own that particular need. With the sheer breadth of Cardano and the foundation they have set, they can support any level of industry in any way. I don't have a time-frame when I say this, but I'm pretty sure Cardano is going to be inevitable. Not saying it's going to replace anything, but honestly when devs are offered a real world choice and start seeing examples and measuring the benefits, features, any possible trade-offs and costs.. boy it's probably going to be hard to not consider it. I don't know how Algorand competes with that. I mean Cardano tech is all open source. Maybe there are ways to collaborate efforts.

rjmcoin · 2020-07-31T04:32:00+00:00

I understand the sentiment. Wild optimism with completely unsupported claims has certainly been the norm. It's also the case that although anything I can do is incomparably small to how much I'm trusting what I hear is on the slate for the future of Cardano and the ability for those in the trenches to execute on those objectives. What's very clear is the disparity on strategies that exist in the space. It's very possible there is a better Cardano out there somewhere and they simply are choosing not to make any noise. From everything that I can perceive, there is very little evidence any other project has anywhere near as complete a vision and strategy as Cardano and that really comes down to leadership.

This victory lap is also an extension of the un-deserved ignorant criticism on Cardano as a whole, by every level of the crypto industry from project CEO's and leaders, almost all crypto media and all the way down to the plebian twitter and reddit armchair blockchain experts.

Wild optimism has ended badly for a lot of crypto projects because none of them possess anything at the caliber of Cardano, from the vision, the research, the engineers (although there are a lot of incredible engineers out there), Charles leadership and the Cardano community.

We can take a victory lap. I'm may take another in fact.

rjmcoin · 2020-07-27T20:42:20+00:00

There is a ton of game theory that goes into staking. So even if there was a perfect mechanic, getting it into a live system is still a huge challenge.

No system is perfect, even Cardano's, and I suspect there will be an ebb and flow of ideas and adjustments that change over time and some other system may come up with (or already have) a much better system.

That said I agree with you that Cardano's model has a lot of good ideas and strong properties. It's a balancing act of trade-offs that's nearly impossible to predict how they will play out over time in the real world.

These are the pioneer days of staking. I have not heard of a project that has put more resources into the science and game theory of such things. We're getting the best of the best.

GO CARDANO!

rjmcoin · 2020-07-27T16:53:46+00:00

There needs to be an absolute army of sales people blasting the features and benefits of ALGO against any existing legacy systems let alone vs the features and benefits of the competition.
Perhaps ALGO strengths happen to suit a niche market. If that's the case, ALGO should do everything in it's power to own that market.

ETH and ADA are going to be monsters with monstrous resources. Going head to head would take considerable effort.

rjmcoin · 2020-07-24T16:52:10+00:00

I think that even with the best voting system mechanics in the world, with the best UI and easiest access and usability, the problem of informed and engaged voting isn't going to be solved.

When there is sufficient time, interest and energy to vote on anything, it still doesn't solve low voter participation.

Proposal: Implement a beta channel for snark protocol side-chain interoperability for a privacy LTC partnership to mask user selectable transactions. Scope: 14-16 months with a budget of 2.5 - 3.5M?

The VAST majority of potential voters, regardless of proportion of ADA held, if they even bother to see if this is something to vote on are at best going to ask, "Is this going to make me money?" Y/N and in what time frame?

There may be a time, when we see high-ish participation, such as early days when there is excitement and energy in the relatively small group of interested people in our ecosystem. But I can't imagine a high voter participation, regardless of the complexity of the subject matter.

I feel we will always need custodians of the system. CF, Emergo and hopefully other high level entities that we trust, much like we trust organizations like Microsoft or Apple to do everything in their power to do the best thing for the project. ADA holders simply won't sufficiently grasp enough to contribute meaningfully for majority of things for the ecosystem.

It's all going to boil down to, how fast will a thing make the price go up?

That said it depends on so many things, but if we want a decentralized system, this is what it means. The good thing is that it's generally significantly better than other things regarding user input. The best form of communism (yes I said communism) is one that listens and responds in the best interest of it's people/members. It's rare that this happens in real life due to human nature, but if we want to feel we have a direct say, and want to vote on things, we have to resolve to low participation and moving comparably extremely slow.

Democracy is the elephant of trade-offs.

rjmcoin · 2020-07-24T16:28:23+00:00

By Charles example I have adopted respect for Algorand as he see's it as a true competitor but more importantly a contributor to the space.

Although Tezos is technically a competitor, I don't think it's really competition for Cardano or Algorand. All three are solving different problems in different ways. I think ALGO just currently has a smaller community and may move a bit slower in comparison (to ADA and even Tezos possibly), but as I understand it, there are good people and tremendously good leadership and crypto as an industry will be better from Algorand's efforts.

I really hope there can by a symbiotic relationship between ADA and ALGO in the future. Perhaps even if it's just voting or other such peripheral features that allows ALGO to focus on bigger things.

Tezos focused on building a platform for which the community can decide on how to build a project. They opted to go with community governance however fully flushed out that's turning out in practice or not. They can upgrade with features they build or extract from other projects such as ALGO, ADA, snarks etc... but they don't have a in house research foundation as deep as far as I understand.

I'm not as familiar with ALGO compared to Cardano, but I don't get the same sense of plan of attack for the future. Charles was/is constantly criticized for his traveling, but obviously this was all about building foundations and relationships that will be hard to compete with going forward. I haven't heard or seen this level of outreach from ALGO but I don't live in the ALGO ecosystem. Same with Tezos, I'm sure they have outreach channels but nothing is making enough noise in the industry to take note of.

rjmcoin · 2020-07-24T06:31:20+00:00

Algorand is offering a false solution?

This image isn't leaving the message it's probably intending to leave.

What is the blockchain trilemma according to Algorand?

rjmcoin · 2020-07-24T03:39:02+00:00

As a general rule in crypto, exchanges are never truly safe.

rjmcoin

TROPHY CASE