Knowing what you know about Cardano, what would your estimates be for Cardano’s capacity in terms of:
CPU (TFlops?)
Storage
Bandwidth
My sense is that Turing-complete networks are just giant, decentralized computers that allow people build stuff on them. If so, their ultimate value will be dependent on how efficiently the network will perform across all those categories compared to competition (Cloud computing).
We might be far away to compete with cloud, but if there is a reasonable path to evolution that would put decentralized computing at par with cloud, we would have global adoption.
In a sense yes, but the blockchain allows them to do stuff that other systems cannot do without manual intervention, so such comparisons in terms of simple metrics are not relevant, IMO.
Not a CS but interested in understanding what you mean by the Cardano network. Would that be all the people who have a Daedalus Wallet and shome ADA in it?
Fair enough. So blockchain allows a secure movement of value, paid computation, decentralized (secure) and audit-able ledger. All these are amazing features, but they may come at a cost. So to gain security, for example, you’d have to give up on performance in some way. That handicap is big enough with BTC and ETH to limit adoption.
I think it would be less so with POS protorols… but I wonder if it would eventually disappear—meaning there is a path to make POS-based crypto as competitive as cloud.
Think about Cardano as a network of inter-connected computers that share their resources with the protocol. In its ultimate form it is anyone who is online, connected with his computer to Cardano.
I said blockchain does different things so comparison irrelevant, you said fair enough, but now you seem to have gone back to that comparison. Or am I misunderstanding?
I believe as you have said, that network power could be a potential selling point, with the other benefits… The thing is… Can blockchain do it… If hashgraph is as powerful as the claims, this might do it… You could use the “network” as a server, to even host games… This way you can make sure no one is cheating… and tons of other use-cases.
I hold ADA for blockchain exposure, there is no doubt that ADA is the superior blockchain project, but it matters none if it is inferior technology… Hedera hashgraph defintely sounds much more exciting if it works… and I love the patent protection…
Yep. Decentralization is another good selling point in terms of security. There may be other use cases that effectively leverage decentralized processing, storage and bandwidth to better address current and future real-world demand for products/services.
I have looked at hashgraph before. It looks like a great tech, but I am not sure you can get in on that unless you are an accredited investor. Even then, I am not sure they are open for investments. Hashgraph has one thing against them and that is general crypto public. They won’t buy into a tech that isn’t open or truly decentralized.
Cardano has still an upper hand in being able to evolve into a new crypto… Maybe reinventing itself in the process as the challenges come along.
We do not need the public or the crypto communnity. That they dont want to get involved is probably the best sign ever.
Besides, they will be the ones rushing in after the fact to buy.
Yes you are right, the first rounds will probably be only accredited in the US, if this will be for all rounds, we will see, but there will probably be several, and there is always the open market after.
But remember we are not discussing investment opportunity, but the product itself.
I see this as a sign of weakness actually. If they had a good tech, they would have made its codebase public.
Otherwise you’d have to just trust them that the tech works, which doesn’t fly for me at least from risk mitigation perspective. Maybe that info is available to accredited investor before they invest so I may be wrong…
I am focusing on the tech to evaluate the investment potential of the technology.
Wouldn’t discount blockchain entirely based on unverified claims by a single company. Cardano is light years ahead with regards to its tech and security assurances.
I think a variation of their goasop protocol is already out in the market… I can’t rememver the name of the coin though.
It will be public, it will be open-source, it is decentralized (to the extent we need it), but it is patent protected. There will be no forks or copies or anyone starting their own. This is a great advantage and companies can rest assured that it will be around, to make huge investments to build upon it.
Should someone go rogue and re-release it as their own project. They can go after companies using a illegimate project, so the patent can be enforced this way… All legimate companies will be on the legitimate project.
From what I know in this space, it’s impossible to enforce patent protection of the code. So if it’s public, it will be cloned and used in ways that company won’t directly benefit.
If I were to evaluate this tech I’d put the value of patents as zero.
Software patents and business methods are completely enforceable, and is being done in courtrooms every day.
The problem comes in with cross-border. US and EU is easy to cover… Asia and rogue nations, lot less… But again, they can go after companies… and that is inherently where the value lies, not the network itself.
The question all is, if what is patented is going to be a necessary key to make gossip work… If what is patented, could be done just as well or better with alternative solutions, yeah then it doesn’t have much value. Which definitely could end up being the case.