Posts on plantimals on Nostr: **cardano** I enjoyed a recent post from the visualize value substack: I had lunch ...
**cardano**
I enjoyed a recent post from the visualize value substack:
I had lunch with a real estate investor today.
After my layman explanation of the difference between BTC and ETH, he shot back an analogy:
Bitcoin is digital land that’s appreciating due to its finite supply.
Ethereum is digital land that you can build cash-flowing assets (property) on top of.
the “finite supply” aspect of bitcoin is a necessary part of its success. the rapid adoption of ethereum as a platform for executing smart contracts is a necessary part of its success. while I see bitcoin as the foundation of all crypto now and for the foreseeable future, I don’t share that same belief of ethereum. early mistakes and a broad base of deployment will end up choking forward progress. core concepts of such a computational platform must be implemented in a forward looking way that allows extension and composition. I’m not counting ethereum out, but am currently exploring cardano as a platform for implementing distributed applications.
here I reproduce a list of design principles from the project:
Separation of accounting and computation into different layers
Implementation of core components in highly modular functional code
Small groups of academics and developers competing with peer reviewed research
Heavy use of interdisciplinary teams including early use of InfoSec experts
Fast iteration between white papers, implementation and new research required to correct issues discovered during review
Building in the ability to upgrade post-deployed systems without destroying the network
Development of a decentralized funding mechanism for future work
A long-term view on improving the design of cryptocurrencies so they can work on mobile devices with a reasonable and secure user experience
Bringing stakeholders closer to the operations and maintenance of their cryptocurrency
Acknowledging the need to account for multiple assets in the same ledger
Abstracting transactions to include optional metadata in order to better conform to the needs of legacy systems
Learning from the nearly 1,000 altcoins by embracing features that make sense
Adopt a standards-driven process inspired by the Internet Engineering Task Force using a dedicated foundation to lock down the final protocol design
Explore the social elements of commerce
Find a healthy middle ground for regulators to interact with commerce without compromising some core principles inherited from Bitcoin
aside from the “healthy middle ground” for regulators, that being a potential back door, I’m on board with these ideas. how these ideas are implemented makes all the difference, but this seems like a worthwhile line of inquiry.
if you have thoughts about cardano vs ethereum, cardano vs bitcoin, or any other aspects, connect with me on twitter @plantimals.**cardano**
I enjoyed a recent post from the visualize value substack:
I had lunch with a real estate investor today.
After my layman explanation of the difference between BTC and ETH, he shot back an analogy:
Bitcoin is digital land that’s …
https://plantimals.org/posts/cardano/
I enjoyed a recent post from the visualize value substack:
I had lunch with a real estate investor today.
After my layman explanation of the difference between BTC and ETH, he shot back an analogy:
Bitcoin is digital land that’s appreciating due to its finite supply.
Ethereum is digital land that you can build cash-flowing assets (property) on top of.
the “finite supply” aspect of bitcoin is a necessary part of its success. the rapid adoption of ethereum as a platform for executing smart contracts is a necessary part of its success. while I see bitcoin as the foundation of all crypto now and for the foreseeable future, I don’t share that same belief of ethereum. early mistakes and a broad base of deployment will end up choking forward progress. core concepts of such a computational platform must be implemented in a forward looking way that allows extension and composition. I’m not counting ethereum out, but am currently exploring cardano as a platform for implementing distributed applications.
here I reproduce a list of design principles from the project:
Separation of accounting and computation into different layers
Implementation of core components in highly modular functional code
Small groups of academics and developers competing with peer reviewed research
Heavy use of interdisciplinary teams including early use of InfoSec experts
Fast iteration between white papers, implementation and new research required to correct issues discovered during review
Building in the ability to upgrade post-deployed systems without destroying the network
Development of a decentralized funding mechanism for future work
A long-term view on improving the design of cryptocurrencies so they can work on mobile devices with a reasonable and secure user experience
Bringing stakeholders closer to the operations and maintenance of their cryptocurrency
Acknowledging the need to account for multiple assets in the same ledger
Abstracting transactions to include optional metadata in order to better conform to the needs of legacy systems
Learning from the nearly 1,000 altcoins by embracing features that make sense
Adopt a standards-driven process inspired by the Internet Engineering Task Force using a dedicated foundation to lock down the final protocol design
Explore the social elements of commerce
Find a healthy middle ground for regulators to interact with commerce without compromising some core principles inherited from Bitcoin
aside from the “healthy middle ground” for regulators, that being a potential back door, I’m on board with these ideas. how these ideas are implemented makes all the difference, but this seems like a worthwhile line of inquiry.
if you have thoughts about cardano vs ethereum, cardano vs bitcoin, or any other aspects, connect with me on twitter @plantimals.**cardano**
I enjoyed a recent post from the visualize value substack:
I had lunch with a real estate investor today.
After my layman explanation of the difference between BTC and ETH, he shot back an analogy:
Bitcoin is digital land that’s …
https://plantimals.org/posts/cardano/