What are your skeptism/concerns on Cardano?

" Democracy is two wolves and a sheep voting on what to have for lunch " - Ben Franklin

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Fantastic post Christer! My thoughts and concerns - both negative and positive almost ‘as is’.
Very early adopter but because of personal reasons (hard to live with the guilt though) sadly, time is not on my side so I have migrated most of my holdings to another project which will hopefully bear fruit a little more quickly for my family. However I wish all of those within the Cardano forum good health (and prosperity). There is no other group…on any other project!..who are as moralistic, knowledgeable and…God help us…not Lambo drivers. I will miss the posts from all of those I have read since the birth of this forum. Good luck guys.

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So, from the responses in this thread the main concerns appear to be the following:

  1. The prospect of end users voting on monetary policy and technical choices to generally detrimental outcome for the platform
  2. Pace of development relative to expectations or at least relative to projected timeframe in the roadmap
  3. Somewhat centralized control over protocol and software development

Did I miss anything?

I would like to add one more that is not really for Cardano alone, this is for all the Blockchains and platforms out there.

There’s no clear articulation of use cases beyond challenging the incumbents, i.e. the money transfer and payment systems. Even this use case is a very ambitious target. I am not sure there are use cases that are “waiting” for Blockchain projects.

Perhaps the concern I shared is an expression of my lack of knowledge in this regard.

Now another opinion I am about share has skepticism all over it, but this I genuinely wonder. Bitcoin and Ethereum are the poster figures of success in this area; however, the only value we see for these so far is in the speculative markets. That’s why they are so volatile relative to what we know as money at present. Who on Main Street “needs” them in order to serve a purpose?

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Seems to me, most crypto-investors would delegate their vote if they lacked the knowledge to make an informed voting decision…maybe the average crypto-investor isn’t the sharpest-tool in the shed, but I venture to say they are certainly not the dullest - hard to imagine a majority blindly leading Cardano down a path of turmoil, this isn’t a concern to me.

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As others have said the roadmap is the problem. It’s totally and completely bullshit. There shouldn’t even be one for all the reasons stated above, but mainly because there is no way they are going to deliver anything when they say they are going to and that’s already been proven.

Case in point: roadmap said staking would start in Q2 2018 and here we are in Q3 and there no sign of staking anywhere on the horizon (and no the bullshit beta testing doesn’t count, and even that they can’t get their shit together on).

This is a PhD paper that’s being written as it’s made up. This is not a project that has a definite goal or timeline, and that irritates me endlessly. I really feel like we will never have a finished or working decentralized product because there will always be some unfinished research or somebody will be writing a paper and that will be the excuse that’s used to justify another delay.

Cardano is great, Charles is a smart guy, but he needs to decide is this a research project or is this a business. Right now it’s a research project.

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Did you watch the tech update by Charles today? There’s good news about how the development is scaling up.

Roadmap is really a transparency thing and is like a map of who’s doing what with ballpark timeframes.

When billions of dollars are at stake, what do you prefer? Rush to meet deadlines or make sure what you do is free of bugs even if it takes some extra time?

Have you read the news about ICON (capitalization of $800 m)? You don’t want anything like thing that, no matter how punctual the release were. :smile:

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It’s really about being honest. There is no honesty in the development. There is a lot of promises, maybes and somedays. There is nobody taking responsibility and saying “you know what, we really don’t know when we’re going to be done and we really don’t even know what features are going to be included and not included…”

They should know as professional software developers that saying you’re going to be done with this or that on this day and time is total bullshit. And they should have been honest and said so from the get go.

Charles should have said something like “this is what we’re working on, we think it’s going to be done in X days/weeks/years and there is a good possibility that we won’t be done when we say we’ll be done but we don’t know because we’re working on it.”

But instead we get things like staking in Q2 2018, which clearly isn’t happening.

Just be honest. People will be more patient if they don’t feel like they are being lead on and lied to.

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fascinating popcorn :popcorn: mouth stuffing thread but more digression is needed here…
so what of the other characters? who would duncan be? and would eos be the first order to cardano the rebellion? also, who’d be jar jar? :rofl:

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I love the approach Cardano team has begun on this project and I look forward to watching it develop.

My BIG issue is that I was an early user of Daedalus wallet.
about 1 month ago, I could not sync it.
I sent two or three messages to support, i would only get an automated reply that i must register and get log files to include with my support request.

I did not since I have been reporting my log files since i first loaded the wallet to help the development.
I can not load or use or sync the wallet.
I have asked for support and I have been ignored.

So that is why I have moved on.
I can not spend hours or days trying to understand why my wallet will not sync.
I un-installed it and downloaded a new one even

Still same issue.

I used it for almost a year, I once owned over 30,000 ada
i currently own Zero

I can’t own something I can not use.

that is a big issue for me
ONLY a big issue for Cardano if they do this to many users.
I hope they don’t think us lttle guys are any less important that the whales

When you bring up Trump and Brexit as an example of bad democracy, you have no idea what you are talking about.

You are talking about two of the biggest anti-establishment events in recent history.

Anyone who is pro-democracy and want to make arguments for why it can work, these are huge wins. That everything cant just be manipulated, bought and herded through the media, propaganda and special interests.

I totally share your concern. The problem is these voters dont even know they are the stupid ones… You know what I mean… Dont you…

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Duncan would be Qi-Gon Jin, except that Duncan defeated Darth Maul and is in the process of rebuilding the Republic. And yes, EOS is aligned with the dark side.

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Hey i have the same problem on my main acount exactly.But creating another admin acount on the same computer downloading wallet installing syncronize and.restore did solve it…
But yes that took me two days and is no final solution.
I got then same type of replies from support…

Thank you for taking the time to reply with your work around
I appreciate it from a community member, and I would have appreciated it even more from someone on the Cardano support team.
I expect them to help, but maybe that is an unreal expectation of a start up organization.
thanks again

Personally, I would prefer IOHK winning vote after vote. They know the code. If IOHK goes, I’m fairly certain I will sell everything. Look, this is not some simple project that another team can just pick up and start developing. It would be akin to another team coming in and replacing the team working on IOS. Trust me, Apple would go down the drain. And the “well it’s open source…” argument doesn’t work OK.

If you’ve ever worked in an environment where code is being developed, it’s not simple to bring in a new person or a team for that matter to replace someone who left or if a team was disbanded or restructured. Quality takes a hit until the replacement team can ramp up.

Now if you’re talking about replacing the entire development team who built this from the ground up, for a new team to come in and review the millions of lines of code, and not just any code, it’s Haskell, good luck at that. Then to have to rebuild the working and interpersonal relationships, that’s years on its own.

Let me put it this way so that no one is in for a rude awakening. This is an IOHK/Hoskinson project. It’s just like how Apple was an Apple/Jobs/wiz project. If Steve Jobs wasn’t there, I wouldn’t have an iPhone, if the entire Apple Team left, I most certainly wouldn’t buy it. There was a planned transition from Jobs to Cook which took into consideration senior leaders like Jony Ive. If you think for one moment that some other team is going to come in after 4 years, you might as well bail out now. Voting for anyone else would be catastrophic and lead to a negative disruption of the ecosystem.

We should understand that an orderly transition is the best course of action so that there is a consistent development of the team members and leadership. Stability is needed for the evolution of this project to succeed. If I wanted chaos, I would just hop on over to EOS. If IOHK does the work to get Cardano out there, they deserve to reap the reward and fruits of their labors. By extension, we all benefit proportionately from the amount we are willing to put at risk when investing.

Voting any other way to me is not only insane but colossally stupid. That’s my .02. And once this is decentralized, it will not matter if IOHK is still developing. Besides…cmon folks, after seeing everything we’ve been seeing as far as development is there anyone here who thinks that IOHK or Charles will suddenly become Palpatine or Vader and have the desire to rule the crypto universe for themselves?

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I feel for you. I had the same issue with the wallet however, after the first update, every issue I had was resolved. Looking back I’m even open to saying that the issue was User error as my issue was based on the hardware (I.e., computer) which I chose to store it on.as for selling, I could see the case for selling as opportunity costs are lost if you just hodl and don’t not actively trade but once the price moons, then you buy on fomo. I wouldn’t have sold everything but there have been opportunities to buy sell buy and make a nice chunk of change! I won’t deny that. Better to track btc for the buy sell pattern imo.

How does everyone feel about the notion of creating some sort of Constitution once voting goes live?

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No thanks. If I wanted a constitution, I would go to eos. Constitution=centralization.

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I wouldn’t let what’s happening at Eos (fiasco is a polite way to put it) sully the notion of a constitution all together. A constitution would codefy core principles like decentralization and hopefully provide unity and assurance going forward.

I respectfully disagree

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I have to say, my only concern is…ahh…I don’t have any - except the fake news is really a blow-hard. BTW, Cardano is not just great, it’s incredibly awesome…don’t take my word for it, do your due diligence - scientific approach, engineers, cryptographers, academic peer-review, 3rd-party audits, transparency, use cases, use cases, use cases. BTW2, Charles is among the most intelligent people in the space…watch a few of his YouTube videos to get the gist of what this project is about.

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