Wallet is getting literally completely reworked in version 1.4 (expected around end of Q3 - beginning of Q4). Very many problems are getting solved in that version. Unfortunately, there is this problem of the suboptimal initial wallet implementation that caused some architectural complications and is causing now the complete rework. Charles admits the problem in this twitter thread and never was saying that the Daedalus as it is today is perfect 
https://twitter.com/IOHK_Charles/status/1013478542921699328
But Cardano is literally in its infancy now and what really matters is in what shape IOHK will want to “deliver” the project in 2020, and not in what shape it is right now (basically still a centralised beta). That’s why every user today should understand that they are using a project that is in the process of being created. So (in my opinion, of course), criticising the state of the Cardano tech today, is like looking on the construction site and saying - well this thing is barely livable 
1. Roadmap is practically unachievable for the 2020.
When I became familiar with the Cardano project and IOHK practices - I almost immediately started to incorporate reality into all time-estimates and deadlines they are giving. Never got any butthurt about their timelines ever since.
IOHK will miss deadlines and delay certain deliveries, that’s just the thing to live with. And people usually don’t understand what’s causing these delays and that makes them angry. IOHK are doing everything they can to get MAX prep and research in the given time-limits, given the resources they have. That’s just the goal they have set for themselves and they are sticking with.
And this is exactly the cause of the wallet rewriting we are seeing today, because the wallet-spec was far from done, when they were creating the first Daedalus version. And now it causes the delay for the light-wallets and Ledgers. And this is exactly the cause the Shelley is getting delayed. The principle is simple - they are sticking with the paper until it is done. They always have an option to deliver it in whatever state it currently is - and they are not taking this option. And I like that.
But! This principle causes them to try and balance the complex state between getting the right results and keeping the impatient people happy. And most probably they will overpromise time-estimates and then delay results, just because this is how it’s done when you are trying to manoeuvre the market along with creating a quality product, instead of just pushing some shite out of the gates. And this will cause constant drama and butthurt in many people who do not understand the timeline of the project. And this means that we are forced to deal with this almost constantly for the rest of the development process
And most probably it will cause that some big part of the roadmap will not be done in 2020. Which is ok for me, cuz even 75% of Cardano is better than everything else, if done correctly. Which is exactly what they are trying to do.
P.S. Of course, I might be wrong on this one. IOHK is learning many things as they go, and the company gets bigger really fast. So maybe they will show incredible results and finish EVERYTHING, but I really doubt it. And I’m ok with it.
2. IOHK job security
I am concerned that the whole overpromising thing is actually a “job security” tactics from IOHK. Which is, of course, ok in the free market. But basically they are promoting the voting center and the fact that in 2020 all the users will have a chance to vote for them or any other willing company to take the project for the further development.
I have real doubts that there’s any real chance that any other company would be voted to continue the development. Even if there would be objectively good applicants. Just because of the massive fanboyism over Charles and IOHK in general. Don’t get me wrong - they are doing a really great job. But I would be happier knowing that they do not “own” Cardano after 2020 (for now - they do, and that’s ok).
I’m not sure the project would not be better off having some other company as the “core team” and having IOHK just as a major 3rd party contributor. But that’s just a concern of mine which may change in the next two years. No objective base there, just thinking.
3. Democracy may fail
Cardano is basically an implementation of the “Liquid democracy” system, with stakeholders collectively having control over the treasury fund of tons of money. Democracy is hardly known as a great birthplace of a collective wisdom. For a long time now I had a greatest concern that the whole voting thing will just burn in flames immediately after launch, with people refusing to think and voting for the complete and utter stupid counterproductive shite. And it might happen. Or it might not happen, and instead might find some sort of an equilibrium. I am really not an expert on these questions, and that’s probably why I have concerns But this is really an experiment that might be either successful, or unsuccessful.
Happy part is that treasury implementation is planned for 2020, and there are multiple research papers on this topic are still planned to be released before that, so maybe all my doubts will be erased when we get there. But maybe not, idk.
The good part is that we are discussing this whole thing, which prepares the community to when we will have to actually act it out:
For the fair comparison I would like to list things which I am NOT concerned about in Cardano in no way:
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Quality of the protocol. Ouroboros is the backbone of the system, and along with the Praos and Genesis - it is the most rational, in my opinion, blockchain protocol there is.
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Incentives. The second most important thing in the system after the cryptographic protocol itself. And I am ready to give IOHK all time in the world for them to get it right. And seeing the work they are putting in - I have zero doubts that Cardano incentives will be first in the history of PoS that literally require zero trust. And this is exactly the amount of trust I would like to put in the system.
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Goguen and Basho. I have zero concern about the fact that in 2020 Goguen will be delivered completely, and Basho will be delivered at least for the major part. And those are the important stages. And this means that Cardano at this point already will be greater than anything on the horizon.
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IOHK commitment. I might not want IOHK to be the eternal overlord of the Cardano ecosystem, but I have zero doubts that they have absolutely the realest and truest commitment to the project. Which means that whether they are getting voted out or not in 2020 or in 2025 - they are with Cardano for the long-long time. And I have zero concern that they will deliver most of the things they are dreaming for the Cardano to have, even if they deliver it a bit late and even if they deliver it as a 3rd party contributors.
So these are things that I have looked thru and thought about extensively, and this is exactly why I have zero concern about them. And the ratio of those concerns and non-concerns are kinda still keeping me here
Sorry for the long post!
TL;DR - all good, but be patient and prepare to battle stupid-voting.
Capybara tax
(for those who actually read thru all this nonsense )
