New Ethiopian Crypto

I think your summary @Donnybaseball of Atala’s use case and interoperability with Cardano is a good one and I hope it helps @madmatt and others understand why IOHK are pursuing both lines.

I think the main concern that prompted @Scarcity to start this thread, is whether the time being put into Atala is contributing to delays for Shelley and whether the delays to Shelley are impacting the price of ADA (this thread is after all in the Trading forum category).

Hopefully the videos that Charles provides can give some comfort to those that are only interested in ADA’s price. As I said in my initial post on this thread, it is not unreasonable for IOHK (as a private company) to work on multiple projects at once. It doesn’t appear that resourcing (or lack thereof) is the reason for Shelley delays.

While using the markets to profit from changes in ADA’s price is all well and good, unfortunately ADA isn’t a security and therefore IOHK don’t owe ADA owners anything. It is obviously in their best interest to ensure the price doesn’t bottom out as it would impact on their ability to fund the project, but that is their responsibility to manage and not something ADA holders have a right to influence.

Regarding some of the tone that is happening in response to @Scarcity which prompted

I think it is important to try to be as civil as possible and not attack someone just because they question something. I realise that my initial post was written sarcastically, but I hoped that @Scarcity realised it was “tongue in cheek” and therefore wouldn’t take offence. As I mention in a different thread (Future of Cardano - #24 by phil.lewis)

questioning decisions are important and shouldn’t be shut down just because you don’t agree with the premise.

It can be frustrating for some people, if they are only interested in ADA’s price (which there is nothing wrong with). Your sentiments @Donnybaseball about Cardano being worth the wait as it is the needed next evolution of blockchains that many mainstream people are waiting for is correct and is something I echoed in a response to a recent Medium article at https://medium.com/@phil.lewis_10993/i-dont-think-anyone-is-suggesting-that-cardano-will-supplant-ethereum-in-2019-but-when-it-is-789b62728daa

I realise that many people that have bought ADA, did so because it (like all cryptocurrencies) can be highly volatile and they were hoping to cash in on the swings, however hopefully many that are now starting to get an appreciation for the project (through this forum) are starting to realise that the gains might not be as fast as some other projects that are less scientific or professional in their engineering practices. While this is something that could probably have been researched ahead of “investing” in ADA, many are hopefully now learning the lesson about researching before you invest.

Let’s keep the conversation going :smile: