Cardano vs. EOS


#1

After today’s webcast I am still convinced about Cardano. The
strategy is absolutely convincing. But as I heard many statements
now, especially from Charles Hoskinson, I beginning to ask myself
some questions.

The principle are getting clearer, because they are repeated many times:

We are the best, because we are academic, we rely on peer reviews,
and we use the best development process, based on functional
programming and many more standards that have emerged from year long
scientific research. The correctness of our software can even be
proven in a mathematical sense, because we are based on a language
that enables this. (Haskell). Cardano is a 3rd generation
blockchain, and there will be no fourth generation, just
improvements of Cardano.

So what? Are we all convinced? Only time will tell! For sure,
Cardano is the best bet at the moment, also for me. But I am also
looking at competitors. Sometimes it is hard to tell if they could
compete with Cardano or not …

What about EOS? Can they compete? How do the
compare to Cardano? Are they a serious thread?

Who knows more? Where are the (wannabe) competitors of Cardano?


#2

There is no competition because Cardano is in a league of its own :smile:

I am half joking half being serious


#3

Many have bought the storyline that Ethereum has first mover advantage and therefore will have the market cornered before serious competition is ready to compete. It is becoming clear week by week (to those who read between the lines) that being the first mover is a disadvantage for Ethereum; it is hard to overhaul the engine on a moving vehicle. Especially when so many are already heavily invested. One serious dapp brought the network to its knees…and still the price goes up?

If the last 12 months have make anything clear, it is that the next evolution of commerce will utilize technological and financial blockchain ecosystems, like Ethereum. It is a revolution unfolding before our eyes. It seems quite likely it will take serious hold in the East and slowly makes its way West. While crypto-kitties (or Capybaras) may be cute, in my opinion it will be a while before it is obvious who the lasting blockchain platform leaders will be. If you have been around a while it can get to feeling like the race is almost over, but in reality it is just beginning.

Being that we are early investors/adopters, we are also speculators. So we do our research, we be careful not to get near sighted, and we go with our gut. Cardano is fascinating because it addresses most shortcomings of all others in one bundle. Almost to good to be true, yet there it is, with huge promises and potential and its market position and ability to hold value are proof that many believe. While we appreciate Charles’ “process over people” and understand and know this is logical and right, people make the process work and leaders are very important. People invest not only in processes and products, but also in people. While Charles is humble and I appreciate that, without him what would IOHK be? No one knows because Charles is clearly the leader.

So, about EOS… sorry but I can’t personally answer very deeply on their tech, why? Because I don’t trust Dan Larimer or his gang enough to get interested or invest my hard earned money in anything he is leading. For me, it all started when I was researching Steemit and Bitshares a few years ago and I watched interviews of Dan. I couldn’t believe they put him in front of a camera. My distaste grew from there. Not to bash, just being honest. While the technology and the processes are very important, the majority of people have an easier time getting behind a good leader because they want to follow and believe in something. Leaders bridge the gaps, smooth the rough edges and make us feel we can trust the future. This is an important aspect. I like Vitalik and think he is fascinating, but I really feel I can relate to, trust, and follow Charles’ vision. Dan Larimer, not so much, not with my money. That is my gut. Perhaps I will be proven wrong.

Not to make it sound like tech is not important, of course it is very important. But the best tech in the world will struggle to compete without good leadership to bring the complex entities together that can make it all work and thrive in the real world. Especially on the cutting edge of Fintech where the world is evolving before our eyes.

I will put my money on Cardano because after all the research I can afford to do, I believe its leaders are making very sound technological decisions AND can unite the right people in the right places at the right time to bring it all together (and not just abandoned it for the next best opportunity). But I too am speculating!

That is my 0.00000001 BTC … Chad


#4

Very well said.
Also to mention: Cardano is looking for partnerships with other crypto currencies. It looks like you can have special functionality for things like gaming, transportation, trading, quality-control, … integrated into a large ecosystem. It’s not a question if only BTC or ETH or Larimers Baby and between you have always to go through regulated exchanges.


#5

Is there room for thought outside the lines of which block-chain is best? When I listen to Charles talk about interoperability it seems that he believes the real value is in having many different platforms working together. If a decentralized database is better then centralized one, then wouldn’t many decentralized (but connected) blockchains be better then one? Do we really want Cardano to monopolize the blockchain market and make every other system obsolete? (yes some of us would make a lot of money, but is that what’s best for the rest of the world?). Saying there will not be a blockchain v.4 after Cardano, is like saying there will be no new networks after the internet. What was the internet before blockchain? What will it be after every consumer has an advanced A.I. that is creating and eating blockchains at lightspeed? Change is constant.

(P.S. Cardano is the best.)


#6

The Cardano people are not saying, that they want to build the one
and only blockchain to kill all the other blockchains. But they are
obviously aiming at setting a standard, so that everything else
should be built on top of it. Just like TCP/IP is a standard, or
HTML. For example HTML went to many different transformations, but
today this is just no longer really interesting, just for web
developers maybe. Nobody is questioning HTML. Cardano wants to be
something similar in the world of distributed platforms. What an
ambitious goal!

As a programmer, I tried out some of the Ethereum APIs, and I never
acchieved anything remarkable with it. There are several other
indications that made me conclude that Ethereum will not work in the
large. This is also what Charles Hoskinson seems to believe. I will
have to try out the EOS APIs, even in their early stage. At the
moment, I do not know what to try out in the cardano world: Different
programming language, not much one could do with the (meanstream)
languages and frameworks that I am used to.

I also have a business idea, and it involves selling digital assets
(data) in a P2P shareing network, maybe a dapp. But to be honest, I
still do not see the technology stack ready for production
anywhere. It might become Cardano, but Cardano is not ready. It will
definitely not be Ethereum. But to find the right technology stack
is crucial for any such business. What can be done but wait?

Vitalik Buterin, Charles Hoskinson, Dan Larimer? Who is on the
right track? Who will win? I do assume, there must have been a time
in the past where these people have met, and they disagreed. They
just do not have the same principles, even if they had the same
starting point and are working towards the same goals. That is why there
will be competition, not collaboration.

For me it really comes down to the question, if this area is
deterministic, if there really are some clear laws that
this markets must follow. If it is somehow a deterministic world,
Cardano will win. But if this is chaos, just real world
big mess, then anybody could win.


#7

I tend to think we live in a deterministic jungle chaos.


#8

Maybe, but as this would mean BOTH-YES-AND-NO, it does not really help to predict the future. Year, as the future cannot be predicted, I tend to say “chaos”, not “determinism”. But this is philosophy …


#9

Yes, there is definitely room for multiple players to succeed. Some will believe Cardano is the best, some will believe NEO is the best. Perhaps for what they are doing, both will be right. Daedalus is being designed to be the main access/entry point for all in the future, not just Cardano, which is brilliant for IOHK. True for both the developers and consumers. So there is no reason one must be the exclusive winner. Yet, we are in a speculative situation where the odds of failure are high and we play with real money, so we must choose wisely. I am personally very excited to see what Daedalus really becomes and think it will be an asset to Cardano, ETC, and many others.

To be fair I watched some newer videos of Dan giving EOS updates this morning. Still gives me a bad gut feeling when I listen to him. Again, just my honest opinion, not trying to be a jerk. Someone somewhere probably sees the same thing when they listen to Charles (hard to imagine though). There will be delivery of EOS for sure, but what it will grow to be in reality is unclear to me.

Multiple successful ecosystems will be good for the world, the competition is healthy. What I believe such ecosystems will do is break down financial and technical barriers that that allow entrepreneurs and existing small/medium businesses to find new ways to get funding, grow, thrive in a greatly expanded sphere. There will be significant challenges, most notably with system governance and the old world regulatory side. Cardano is looking deeply at these issues in the specification phase, which is very important. I wish I had a better feel for what the leaders are doing on the government/regulatory side, I would like to hear lots more from the Cardano Foundation, they seem rather quiet, but it could be that I am not looking in the right places. Same general feeling on Emurgo. I have reached out to them and get the response that more is coming soon.

Again, just my 2 Satoshis. Chad


#10

The reality is that watching Charles is like watching Steve Jobs talk. Steve was all about the intersection of technology and liberal arts. Charles is about the intersection of the constitution, monetary theory, mathematics, his networking skills are out of this world…the list is too much…i mean look at the naming convention for God sakes…it is craftmanship of it’s highest order.


#11

When a technology becomes the bedrock the innovation and activity happen at the top layer. You can’t have innovation at the top layer/consumer experience if you don’t have bedrock/foundations of the house built correctly. I would argue that Cardano is doing the hardwork of building a foundation that is built to be easily itterative (soft forks)…others will build amazing innovation on top of it. The reality is that there will be a dominant foundation (think TCP/IP) …the only question is will it be done right or do we live with it’s flaws which effect every app built on top of it for generations to come.


#12

I would love for a reliable ADA wallet to appear for Linux. Until that time, I will not buy, even if I have really wanted to for weeks,


#13

After all the wonderful things they are doing you are stuck on a Linux wallet? :slight_smile: Well here is hoping that you get your wish.


#14

For Steve Jobs is was about building great teams and in the context of opensource i can see no other person with the political networking chops as savvy as Charles.


#15

Steve Jobs would have acchieved much much less without the people
from Apple. Also, I don’t think you can compare him with Charles
Hoskinson, neither in a negative, nor in a positive sense. While
Charles seems to be a guy with a philantropic attitude, Jobs was
not like that. Jobs was driven by his ideas – leading him to a certain cruelty.

But I see one similarity: »craftsmanship« it has been named by
saline09. I might call it a certain sense of beauty, or
perfectionism. At Cardano they are trying to do something really well,
and they do not accept compromises in this. Good! It must be
appreciated, and now it must be proven … I myself was hanging around
with Linux and Thinkpads for almost twenty years, and the reasons
where idealistic, the same as for many other people who do
so. But now I switched to the products from the Jobs company, not
because I like this company so much, but because they are just
better. – So let’s live up to the equivalent of what Apple did for
mobile phones and also for PCs: Be better, not cheaper.


#16

I built it on my ubuntu system, not that difficult !


#17

OK, that’s good to know. I tried running it on Wine but that didn’t go well.

But if you can build it on Ubuntu, why are these builds not just made available on the downloads page??


#18

dont’t know why… Maybe because it rely on haskell’s package manager…


#19

Haskell, for all its greatness is one of the most complex comp languages around, mainly due to functional approach. Most devs, especially web script kiddies, are only verse in procedural and object oriented style of programming. So IMHO quite a big barrier to adoption. On the other hand, for professional fintech smart contracts in general such an approach will be beneficial, many mistakes one can do with ethereum are avoided. On top we have the formal proof such language offer. Only time will show whether haskell is a good match. I am aware that the actual lang for smart contracts are not Haskell but a simplified dialect , and only core uses native Haskell, but still.


#20

I guess IELE vm will allow to use many languages for writing smart contracts ( JAVA, Javascript … ) https://iohk.io/blog/iele-a-new-virtual-machine-for-the-blockchain