My biggest concern has to do with Governments doing everything they can to stop crypto. That destroys almost everyone of my models and benefits only privacy coins.
1 Like
Seems like we have a 649 million Ada problem of our own right about now!
2 Likes
It would also kill any coins in that jurisdiction that were not yet decentralised.
Should be possible to work around this one, but it does show you how problems can crop up suddenly and unexpectedly.
1 Like
You are right on multiple points. Chances of voting for IOHK are pretty sure however maybe a team might demonstrate some elevated competence in the field. So here is my message to future aspiring teams:
2 Likes
My concern is the slow-walking of improvements being witnessed- Shelley was supposed to have been released in quarter 1 of this year, now it’s quarter 1-2 of 2019, with no guarantee of even being done then. Funding supposedly runs out i 2020 and note even half of road-map achievements are even done. I’ve been with project since it was available to invest in, and while the initial “hype” was great, the ensuing progress and results have been sub-par. Even as a firm believer in the project and team, I am losing faith that it will ever rise to the levels it has professed since the beginning and worry it may well be surpassed by other projects that have been started since it began, a sad and sobering realization. Things aren’t looking good Cardano at the moment, and while I am rooting for them, there are a whole host of historical examples that can be cited of great project ideas that simply weren’t able to deliver on promises, or keep up with a rapidly evolving market, and I fear Cardano is just the latest example of this. 
Any source for that claim?
1 Like
Charles stated on several occasions that they (IOHK) were “fully funded” until 2020. This post is correct with regard to that.
Google “don’t worry be happy song” and watch the video. 
As another user in the forum noted, Charles (IOHK) are the ones who’ve made the statements about the extent of their funding. Technically their exact words are that they are “fully funded through 2020” so I’m not sure if that means January 2020, or December 2020, but either way, they are both a little concerning since development has proven to be taken much longer than initially anticipated. I understand things come up and problems will present themselves, especially when dealing with a project as advanced and ambitious as this one, but it’s still disappointing to see things like Ledger support not being available, problems with Daedalus continue to be rampant, decentralization and staking are still months, if not more away when they were originally scheduled for an early to mid 2018 release. I follow the roadmap (on Cardano’s website) pretty avidly and so that’s where my statement about progress comes from- anyone can see that there is still a LONG way to go in terms of completion. I’m still a huge supporter/believer, but I’d be lying if I didn’t say I harbored some concerns at this point. All the best.
If you have not watched this Update from Mongolia by Charles Hoskinson https://www.pscp.tv/w/1rmxPNApElDGN I would suggest you do, at 15:06 he talks about going above and beyond to make sure Cardano succeeds.
With 2,414,658,192 Ada still in the IOHK wallet https://adascan.net/rich-list/ the company is obviously still funded at a USD conversion rate of even .01 that is $24 million, Charles has previously said IOHK burn rate is like $1 Million a month, funding through 2020 does not seem like a problem to me,like yourself these things cross my mind but funding should not be a concern to anyone.
An interesting point to consider is IOHK would greatly benefit from a rise in the price of Ada, if they are a confident company that believes in themselves (I believe they are) then they most likely do not want to let the development move out of house in 2020 and I imagine by the time their contract expires they will complete most of the important development required for the platform to operate efficiently as a host to dApps.
Every .01 price increase or decrease is $24 million 
5 Likes
for a new company that number is very dangerous
FYI Charles apparently had converted a large number of Bitcoins into USD at the top of the market. Their funding is outside of IOHK Ada holdings I believe. It takes a lot of people to get a project of this scope done. They are in good shape in my opinion.
3 Likes
and they were paid for ADA ICO in cold hard cash (their ADA holdings are just icing on the cake)
2 Likes
It could be for sure, they are relatively new but the growth did not happen overnight, operating in 16 countries with more than 160 employees a person could understand how they reached such an amount though.
Of course is possible! @anon20038177 And there are plenty of team that deserves it!
But it seems to me after too much pushing dates constantly of features releases I began to question if they deserve ( all of them! ) this cost for the company and project
I have considered the explanations to push dates and believe them to hold merit, across several different social channels other independent professionals have stated their opinion on the difficulty’s of producing software on time and without errors, and it makes complete sense to me.
Obviously when you ICO an idea you could never expect that the project would become so successful and that your share of holdings would be as great as these partner participants have experienced, I remember when price was rising and certain statements were made that reflected just that, the project has benefited from the increase in btc price and also the support Ada received in the market, none of this could have been accurately predicted and is just plain luck on their side, what it means for us is the amount of resources to create the platform is stronger and we should get a better product in the end, but the research could not move forward any faster and code can not be written any faster either except at a loss of quality of life for those involved.
Whether they deserve or not is something I considered, they work toward the original goals of the project and add value to the world through participating in the growth of the education surrounding the new tech, I have yet to see anything that would convince me they do not deserve to be in their position.
1 Like
Absolutely true!
Yes indeed, but being amazingly pragmatic 1 year later and people still have problem with wallet … if only what it’s already produced were free from bugs or at least not with all that much connecting issues I will be more moderated!
Anyway I hope that people understand that i critic Cardano because I expect more from a wonderful project!
I want more, they have everything … even the community me first I only care about Cardano
2 Likes
Totally my man- I only offer my criticisms in these forums because I want so badly for the project to succeed. It’s such a great project with a really impressive team backing t- but the truth is that there are many in the community losing faith at this point and I try to speak for them. I simply want Cardano to realize that many in the community, whom they need to be successful, will give up if promises aren’t kept to some degree. Of course there will be delays, that’s part of the territory, but to keep it real, Cardano’s delays have been a bit too prolonged and in this viciously competitive market, if a project can’t keep up, it will simply fail, and that’s just a fact. I would be heartbroken to see Cardano fall by the wayside and not realize the vision it put forth from inception of becoming the best crypto-project the world has seen. Let’s go guys and get this shit done! Much love.
3 Likes
100% agreed, well said
1 Like
Agreed. That burn rate is high. I thought though that Charles mentioned one of the companies pulling in a profit. I’d have to go back and find the video but I thought he said IOHK pulls in a profit. Lastly, Charles also preferred a for profit model over non-profit so I think he has his ducks in order on the books.
1 Like