₳DT

@APompliano Midnight has picked up many of the best parts, and forged on.

Most of the crypto industry is dead and never coming back. Eventually people will realize it.

@IOHK_Charles There is no denying the mammoth efforts, forging ahead in dire times, scraping the very depths for glowing sprouts of innovation. Love your work.

I am getting insanely tired of hearing a false narrative that we abandoned scaling in favor of governance. There was continuous effort and work from before even Shelley on scaling (for example eprint.iacr.org/2018/1119.pdf) It was an enormously challenging problem that we relentlessly attacked from many different angles including L2 innovations, a brand new accounting model- eutxo- zero knowledge ideas, partnerchains, and capstoning with Leios. Many of these ideas required deep r&d and original publications. This cannot be made faster by throwing more people at it. It's research. In the meantime while the research was being done, we implemented Voltaire because it unlocks the treasury for the entire community to use thereby making Cardano stronger and also scaling will require many parameter changes we cannot unilaterally make. No one was pulled from scaling research and development. There were dozens of scientists and engineers brainstorming and prototyping for years. A semi-centralized and not secure halfway house could have been implemented that crashed all the time like other blockchains. Or we could do it right like we've always done things with the Cardano ecosystem. We chose the latter. We now have a full design for Leios, Peras, and a great L2 strategy. They are elegant and future proof. We now have the best scaling strategy in the entire cryptocurrency space. That's what the time bought us. Implementing Voltaire means that every single one of you has a voice and vote on when and how to turn that on. You also exercised that vote and voice on a desire for a multi-client ecosystem. So it's going to be turned on multiple times by independent teams. That's the point of governance. Critics somehow argue that we should have just made a mad rush for scalability, robbed everybody of a voice, and somehow we would be ahead today. What that means in practice is none of you would be dreps, there would no constitution, no constitutional committee, you would have no say when and how we upgrade the network, you would have no say on client diversity, there would be no legitimate members-based organizations, we would have no legitimate- community endorsed- road map, and over a billion Ada would be locked for no one to use. The very fact that Bitcoin is having an issue trying to figure out whether to steal Satoshi's money for the "greater good" (BIP361) or just simply let someone else steal it (BIP360) is the single greatest endorsement of the value of governance. It's going to literally break their ecosystem into two halves and cause catastrophic economic harm. We will completely sidestep this issue thanks to governance.

@DaniVibesADA Also, is everything strictly bundled in time? On a annual basis, I think it would be this time.

@DaniVibesADA I guess so. Who outside of IOG analyses this and says we don't have any other choices? For those things that could be done by others, where have they put their hand up, and what do we think of them?

$ADA Charles is right about the roadmap debate. A roadmap cannot be cut into pieces and still produce a coherent product. IOG did not submit random wishlist items. They submitted connected workstreams with sequencing, dependencies and a bigger architecture. If DReps start picking only the parts that sound popular, Cardano risks funding fragments instead of shipping a system. Governance should improve the roadmap. Not dismantle it.

@coingecko Midnight (via Cardano).

Project for May?

@DexHunterIO A cloud managed firewall.

If you had $1 mil funding what kind of dApp would you build on Cardano?🤔

We can't handle high traffic. That's why CF wants to market to low traffic but consistent transaction enterprise adoption. It's what we can handle. Anytime we brought in hype, it was brutally murdered by our current technical capabilities. We take a black eye every time. Cardano is not ready. We cannot reach sustainable revenue with the current capabilities. The network costs more than it makes. The tree cannot bear fruit if the trunk dies. We're too focused on short term prices and bad feelings to understand that we cannot win if we don't fix these problems. It doesn't matter what anyone thinks about prior spending. That's done. Gone. Over. We need to collectively stop trying to wag fingers and be right and start working. Price is down for everyone. Capabilities keep moving forward. If we want to win, we need to spend and complete the roadmap. The arguments against this are based on emotional pain and not assessment of our capacity and how to improve it until we can fill the bucket where transaction fees cover the rewards output. We cannot handle a huge influx of transactions with an acceptable user experience. We need to fix this. We *must* be ready for the next surge, or the treasury will be worth zero anyway.

@binance Easiest when starting at the end and checking if its visible at the start.

Looks easy until you actually try it

@benohanlon Lets leave the Web, and get back on the Internet.

Dark forest theory is the idea that public space becomes a less reliable map of reality. On the internet, the visible layer may be surveilled, synthetic, performative or adversarial, while real human signal retreats into private and trusted spaces. AI accelerates this as public platforms fill with astroturfed consensus and AI slop, making visible activity less reliable as asignal because real humans retreat into private spaces.

@jasonappleton If this ever happens on Cardano, I'm out.

Looks to be an exploit of Pre-2019 Wallets...jesus. I'll stick with Cardano, thanks.

@SebastienGllmt Get the Devs to do something.

Only soup until the price of ADA recovers

@coinbureau How many Dust does it take screw in a light-bulb? None, its a sponsored transaction.

🤖TECH: ROBOTIC MOVEMENT IS ADVANCING FAST New robot footage shows just how quickly mobility and control are improving. At today’s pace of progress, clips like this may soon look primitive rather than cutting edge.

@TapTools The build on Cardano is persistent.

JUST IN: Cardano ranks 3rd in core chain code commits over the past 3 years, accounting for over 5% of all crypto development activity. $ADA

@phil_uplc @RickMcCracken Whitehat the hell out of Cardano. Also, the cracks in the others won't last long. Scaling I think will come back to rule what is required.

The entire design philosophy of Cardano and our execution layer of prioritizing security above all else and making the sacrifices to do so, has struggled in the market for the past five years because the blue chip DeFi protocols on other chains were largely considered untouchable, secure, and reliable with years of proven history. So we had to argue abstractly that dApps here are more secure, which doesn’t land well when someone can point to AAVE and see that in its many years of operations, has never been subject to an exploit, or to Uniswap where the same is true. With the advent of advanced AI all of that has changed, the cracks are finally showing, bluechip DeFi apps with impeccable historic records are being exploited left and right for millions and millions month after month. Trust is shaking, LPs are leaving left and right. It is critical that we take advantage of this narrative and we market this now. We need to strike while the iron is hot, and recent events form a perfect storm for heavily marketing Cardano DeFi and attracting external LPs.

Absolutely. People are sleeping on how critical the formal verification narrative is right now with all the blue chip DeFi protocols getting hit with 50M+ USD exploits month after month.

@coinbureau Just add drama.

THIS IS INSANE 🤯 AI platform shows how it cloned X in a few seconds...

@evaedxn Boost.

why I’m leaving Solana for Cardano, a thread 🧵👇

@DaveXCrypto Go Pete.

📽️THIS IS A CARDANO BUDGET PROPOSAL This video covers our proposal for a creator-led marketing collective to be submitted through Intersect. We’re in the "Pre-Submission" phase and want your feedback to ensure this serves the whole community. Please watch and let us know what you think. @astroboysoup @Cryptofly777 @cwpaulm @angrycryptoshow @bigpey @LaPetiteADA

@F900102 @blinklabs_io Be prepared to die trying, rather lay down and die.

@blinklabs_io A calculation showed we need around 138 TPS. But we even don't have tx to process 😂

How many transactions can the Cardano network handle and is this enough for the network to sustain itself? Without the infrastructure for scaling in place, we cannot win. It's simple math. The network cannot support enough transactions for profitability, yet. No "app" fixes this.

@Ledger AAA d.

you can only pick one 👀

@JureKaramarko Did Amazon pay for companies to run on their infra? There are two layers. Cardano is infra for others, and should be extremely selective when pushing funds up a level.

If Cardano holders had been Amazon shareholders... The story goes like this: In September 2001, Amazon’s stock fell to around $0.30 on a split-adjusted basis, or roughly $5.97 in pre-split prices at the time. At the same time, in its 2001 annual report, Amazon reported $241 million in “Technology and Content” expenses, which included development, systems, telecommunications infrastructure, website operations, and technological improvements. Let me repeat that: $241 million invested in technology and development at a time when the stock price was down around 94.7% from its all-time high. Now imagine if Amazon shareholders back then had behaved like some #Cardano holders today. They would have stopped every development effort, every investment into the future, and told Jeff Bezos: “No more investing until the stock price gets back to at least $50. Our bags are bleeding, and you are not spending money on development.” We all know where Amazon went from those years to where it is today. And now, in Cardano, we are seeing a similar situation: people are crying over their bleeding $ADA bags and want to stop investments in development. ( @IOHK_Charles @IOGroup @Cardano_CF @F_Gregaard ) Unbelievable. Development must be paid for, whatever it costs. There should be no debate about that. Amazon would not be what it is today if the leadership had listened to emotional, short-term, speculative shareholders crying about the price. I see similarities with Cardano today. Some holders do not understand how important development is and that it must be funded now, immediately, whatever it costs. Because that is how it works. And that is how it has to be.