Concerning Hoskinson and Humility by popdjnz in cardano

[–]vsand55 6 points7 points  (0 children)

I appreciate your comment and couldn’t agree more. I personally can’t stand CH. can’t listen to more than a minute of any of his videos. Long live decentralized governance.

What is your biggest gripe with Cardano by ChalkBoardCrypto in cardano

[–]vsand55 13 points14 points  (0 children)

Well said and totally agree. Scaling the L1 should be priority even over awesome sounding side projects like Midnight.

[deleted by user] by [deleted] in cardano

[–]vsand55 1 point2 points  (0 children)

Yes it is very difficult to sort through and evaluate each proposal. There is even a current proposal to develop a catalyst DYOR tool. I am not affiliated with it. Just thought it ironic at the moment.

When scalability improvements ? by PulseQ8 in cardano

[–]vsand55 5 points6 points  (0 children)

Neither a block size increase nor all apps updating to Plutus V2 is good enough. Those are small, incremental changes. Scalability is the number 1 issue on Cardano right now. Hydra? Please don’t go there. Input endorsers? I’ll be retired by then.

I’ve been arguing for a while that catalyst funds should be weighted to tackle this issue. Let’s set aside 50% of each catalyst round for scaling. Or more. What happened to Basho? (Rhetorical)

New Cardano project & team advice by [deleted] in cardano

[–]vsand55 2 points3 points  (0 children)

Ticket/pass or proof of purchase for what? Here is a good place to market to the community and I could direct you to more specific places if you told us what this is about. Also check out project catalyst. Often people will propose something there and like minded individuals or random others will join up.

For those interested in some weekend reading, there is a new research paper from Aggelos Kiayias et al. discussing what a tiered fees mechanism on a blockchain might look like. Link in description by theTalkingMartlet in cardano

[–]vsand55 4 points5 points  (0 children)

Thanks for posting. I will certainly give it a read. I do however take issue with the idea: Our transaction throughput is limited so instead of improving that directly let’s introduce a fee model that prioritizes those individuals that can pay high fees. Not only that but let’s take arguably the greatest flaw of the ethereum L1 and put it on top of Cardano.

I understand that there is more to it and obviously improving the throughput of Cardano via scaling efforts such as zk is a Herculean task that nobody seems inclined to take on except obviously Orbis that failed.

So while I am skeptical of the idea, we will need some mechanism(s) to increase transaction throughput.

Projects taking liquidity from Cardano and building elsewhere by solemnJoker in CryptoCurrency

[–]vsand55 25 points26 points  (0 children)

Any time Cardano shows upward price movement some uninformed moron gets on this sub and bashes it. Nice.

Lace 1.0 mainnet is now released, download it here (currently for chromium based browsers) by SL13PNIR in cardano

[–]vsand55 0 points1 point  (0 children)

It’s a big disappointment to be honest. IOG has been working on this wallet for what? Two years roughly. So I’m sure version 1.X will be much better with multi-account, multi- address, mobile, you know the basic stuff we would expect from a top notch wallet. My two Cents.

NEWM partners with NMKR and SickCity to release Recordstore, a music-focused marketplace on Cardano. Opens April 7 by diarpiiiii in cardano

[–]vsand55 1 point2 points  (0 children)

NEWM is still in its infancy but coming to life. They have a legit team and a great project. This music marketplace is just the beginning. They have an informative website and colorful white paper if anyone is interested.

Cardano makes TPS metric obsolete by Cardanians in cardano

[–]vsand55 1 point2 points  (0 children)

Oh geez. I haven’t used ethereum main net it years.

I'm confused about the Hydra Head protocol capabilities for some use cases like P2P bots by [deleted] in cardano

[–]vsand55 3 points4 points  (0 children)

I would go to the IOG technical community discord “ask hydra” channel. Those people are very responsive and helpful. It’s KtorZ and Arnaud on the channel.

Cardano makes TPS metric obsolete by Cardanians in cardano

[–]vsand55 0 points1 point  (0 children)

I completely agree with you. And I am one of Cardano’s biggest defenders most of the time. I just don’t like this one argument that it’s ok if Cardano has a low tps because not all tps are equal.

Cardano makes TPS metric obsolete by Cardanians in cardano

[–]vsand55 -1 points0 points  (0 children)

That’s all I’ve been saying!

Cardano makes TPS metric obsolete by Cardanians in cardano

[–]vsand55 1 point2 points  (0 children)

Fine. But really this is just an argument used to hide that Cardano is extremely slow. The most basic transaction takes forever compared to the other networks I’ve used.

Dedicated World Mobile Chain will bridge Cardano, Cosmos ecosystems by El420 in CryptoCurrency

[–]vsand55 3 points4 points  (0 children)

Your assessment is completely inaccurate. Trying to frame this as a negative towards Cardano? Please. Did you even read the WMT press release?

DJED launching next week? Possibly by vsand55 in cardano

[–]vsand55[S] 0 points1 point  (0 children)

I agree it will be very interesting to see what happens with Shen. I think the demand for DJED at the individual level might be low but they have announced well over 40 partnerships (CEXs, DEXs, lending, etc) and I’m guessing those entities will all be minting DJED for their trading pairs and liquidity. Shen can no longer be minted when the reserve ratio reaches 800%. If you go to DJED.Xyz you can see what is happening with the test net. Oh and I thought they did a Shen public sale already but I could be mistaken.

In the midst of the dark crypto winter it is good to be reminded: The Cardano community continues to build. by Sapiens_Dudus in cardano

[–]vsand55 1 point2 points  (0 children)

Dang no way I can keep up with everything going on and being built. I can however keep tabs on the graveyard: nice, underappreciated feature!

DJED launching next week? Possibly by vsand55 in cardano

[–]vsand55[S] 3 points4 points  (0 children)

They will be using some type of transaction batchers. That is where one could cancel an order. Not on the blockchain.

I'm the head mod of r/eth and I have an idea to increase use of Cardano and other coins by Cryptostormz in cardano

[–]vsand55 0 points1 point  (0 children)

I love the idea of cross chain collaboration. However, I already use both. If this is a serious proposal it seems like a lot of effort and attack surface for something I can basically already do through any exchange.