I'm curious to know why you think Cardano is a trash coin? After doing a lot of research and reading academic papers it seems somewhat legit. Their academic sense rubs me the wrong way, because I feel like I might be getting fooled into this huge Ponzi scheme, but it seems like a lot of original work has been done in the Cardano project and it reminds me of Ethereum in the early days (of which I'm still in awe to be honest).
You are viewing a single comment's thread from:
No one is going to use it to do anything, but it's sitting up at 15 bil market cap. Currently operates at a whopping 5 to 7 TPS, which makes it as bad as bitcoin for the time being in transaction volume.
On the forums, they are feeding us fairy tales of a billion transactions per second. They need to demonstrate that on a test network. Even if it does a billion TPS, what's the response time for a blockchain event? Less than 3 seconds?
I certainly could do more research, but the crypto market loves to bid-up junk projects with fancy websites and technical specifications making huge promises while currently delivering nothing. This looks like one to me.
EOS to me is different because Dan has built 2 other long-term successful projects that deliver on promises. So if he promises something, I'm apt to believe it where other projects could take 5 years to deliver on their promises and become obsolete while they are building them out. Will Cardano be running 1 billion transactions per second before June 2018? That's when EOS goes live with 1 million tps and sub 3 second response times. Cardano will probably still be twiddling its thumbs under 100 tps.
I see what you mean. I agree that it's all too often that a new shitcoin comes out every week with a flashy website claiming millions of TPS when there's no product, no testnet, no nothing, just a shitty whitepaper with some equations on it that people skim because they can't be bothered to read it.
I agree with you about EOS - I've been following BitShares for a while and I got me some when they were around 40 cents, but unfortunately I went into EOS way too late and it skyrocketed to a point where it became essentially too expensive for me (lol). After this recent correction I got me like 100 units of EOS but I'm keeping by BTS. I have some ADA because it seems that the hypetrain is not going to stop and I'll probably pop back whatever I have in ADA into either XLM or EOS before main-net for EOS goes live.
Thanks for the reply!