Alex Teix

@TapTools Scalable!!?

C A R D A N O

@dori_coin @goametrics Explain to me why DEXs on Cardano require "private" batchers to work!?

@goametrics I already explained to you how DeFi smart contracts get deployed. So of course, I can’t expect you to understand Cardano. In fact, it’s not just Cardano, you clearly don’t grasp the technical side of this market at all. That’s probably why you like Solana.

He’s obsessed with high TPS. Ever since Ethereum launched, countless smart contract chains boasting higher throughput have emerged. Yet, Ethereum still holds a dominant ecosystem and market capitalization. The reason is simple, as more valuable assets and products onboard, what truly matters in this market is the most decentralized and reliable chain. He talks about cypherpunk ideals, yet he shills a network where the foundation handpicks validators under the guise of delegation and exerts immense control over the entire system. That alone exposes the contradiction in his arguments. His criticism of Cardano’s slow development is secondary. Great engineers and investors don’t fixate on the present; they evaluate how the foundation of a chain will realize value in the future. Just like those who invested in Tesla when battery technology was immature and the company was operating at a loss. To claim that slow development justifies undervaluation reveals a lack of technical understanding, and more importantly, a lack of imagination about how technology scales. Price is merely a lagging indicator. Cardano is executing well, and based on what it has built so far, it will create an incredible narrative in the market. I’m confident of that, because the market always loves a comeback story.

@IsauroBargas @Justin_Bons So why does it need private "batchers" for DEXs to work !?

1. Misleading use of TPS as a universal metric The “23 TPS” claim is a simplistic theoretical limit based on unbatched 1-to-1 transactions. In practice, Cardano’s extended UTXO model (EUTXO) allows batching, multi-asset transfers, and parallel validation within a single transaction. A single Cardano transaction can include dozens to hundreds of outputs—each representing a payment or smart-contract interaction—making real throughput far higher than Bons’ number implies. Comparing EUTXO throughput to account-based chains using 1-to-1 TPS is not apples-to-apples, because EUTXO packs multiple logical operations per TX deterministically, without nonce or global state contention.

Cardano is not a serious competitor, with a max capacity of only 23 TPS! Despite being one of the most decentralized cryptocurrencies ever The community should be concerned; ADA keeps falling behind Promising scalability is not good enough for building competitive apps now! 🧵 That is the harsh reality of a competitive free market; ADA cannot sustain itself forever on "vibes" & "promises" alone Without scalability, no serious independent builder will ever consider developing apps on ADA & it will continue to fall behind in usage & revenue: Capacity: Transactions Per Second is an objective measure of capacity that can be equally applied to all chains: ADA's TPS is calculated like so: The block size limit is 90,112 Bytes & a basic 1 to 1 TX is 192 Bytes; so, with a 20-second block time: 90112÷20 = 4505÷192 = 23 TPS! As TPS is a measure of 1-to-1 value transfers for the purpose of equal comparison. However, much of the ADA community claims this is an unfair comparison: Batching: Because ADA can batch many TXs into a single TX by creating multiple outputs, however, many major chains, including BTC & SOL, also have this capability... In BTC's case, Schnorr signatures enable this capability & in SOL's case, it uses a fixed fee per signature regardless of the number of instructions (equivalent to multiple outputs) That is why, contrary to what much of the ADA community claims, this direct comparison is, in fact, totally fair Since, if we were to count batch TXs, we would have to do so consistently across all chains, arbitrarily increasing TPS by a fixed amount across the board. So that still puts ADA way behind on a relative basis, no matter what Speed: Speed is another critical competitive attribute that ADA is lacking, as the latest generation of chains is now within the sub-second range! ADA's 20-second block time cannot possibly compete with this from a UX perspective. Making everything built on ADA feel sluggish in comparison Fee Markets: ADA completely lacks any sort of fee market, as TXs are processed on a first-seen basis, which is also why TXs are so deceptively cheap over ADA That is because in ADA, TX fees are fixed by governance, not a free-market mechanism like in BTC, ETH, & SOL! This means that if there is a large spike in usage, there will be no way to prioritize TXs based on fee. This has the potential to bog down the entire network, as has previously also occurred on SOL when it lacked proper fee market mechanisms This also has the effect of making spam attacks on the chain far cheaper to carry out, as attackers could easily & cheaply block most ADA usage this way. This can be achieved by carrying out a spam attack, which would exploit the delayed response of a governance-based fee mechanism Hydra: Hydra is an L2 & therefore does not count towards ADA's L1 capacity, as it is literally off-chain. Every blockchain can have L2s, giving them theoretically "infinite" capacity; even BTC can do this trick... However, "L2 scaling" always involves major trust & or UX trade-offs, making it a non-solution when it comes to L1 scaling by definition. So, even if playing Doom on Hydra is cool, it has zero relevance to this scalability critique Leios/Input Endorses: Leios is ADA's real scaling solution, as they have been working on this for the past 4 years now Representing a significant leap in performance, both in capacity & speed. The exact numbers are difficult to pin down due to there being several levers. Such as how high will the community allow node requirements to become & whether they will prioritise speed or capacity If node requirements are increased & we take things at face value, Leios might be able to achieve 10K TPS with an average block time of 14 seconds This is all great except that none of this is actually implemented now; that is what is at the core of this critique: Falling Behind: The truth is that the longer this upgrade gets delayed, the more ADA falls behind compared to the competition Building DeFi on ADA today makes no sense, since you will be bottlenecked by the L1's limited capacity if your app saw any serious success That is why people build on SOL, SUI & NEAR, as they have the capacity to support massive usage right now, while still preserving decentralization, unlike BASE, OP & ARB, for instance! (L2s) ADA's decentralization metrics are great, particularly with the implementation of on-chain governance. But none of that matters if you cannot build real products at scale. Since, even if ADA's tech were hypothetically better when it finally releases, that does not matter if the project has fallen so far behind that it cannot overcome the network effects of the competition Competition: The harsh truth is that even if Leios were launched today, it still would not match the performance of the latest generation of blockchains. For example, SOL & SUI are able to achieve 20k+ TPS with sub-second block times now With further significant improvements on the horizon Considering that there is no official date for the release of Leios & it has been continuously promised & pushed back for over 4 years, there are good reasons to be highly skeptical of ADA's competitive edge Talk is cheap, so until ADA actually ships a product that can compete with the current leaders in usage, it will continue to fall behind & I will remain a staunch critic Credits: Credit where credit is due, @Quantumplation offered to help me with this critique for the sake of accuracy, as he is a good person. Since he helped with this effort, despite him obviously not agreeing with my conclusions. As there is no good reason for us to get any of the facts wrong Pi Lanningham is clearly also a very smart & capable crypto CTO, whose work I have leaned on in the past as well. He is an asset to the ADA community & I would recommend more to follow his lead It was also interesting to learn from Lanningham that ADA is aiming for a more gradual rollout of new tech, hopefully cutting down on the waiting time between releases Conclusion: Some will argue against these facts until they go blue in the face. However, that does not change the harsh reality: That 23 TPS, combined with 20-second block times, is completely inadequate to support any sort of on-chain economy or applications today. Putting ADA objectively so far behind the cutting edge that the community should be highly concerned IOHK failed to deliver on the promises it made to the community for years & now seems to have shifted its focus to launching a new chain instead... So now it is up to the grassroots community to make the ADA dream happen instead I hope the community will view this critique as a positive step, helping to push ADA in a more productive direction. Because the ADA community needs to do more to counter "dangerous narratives" that will prevent ADA from scaling. Such as the Hydra "cope" & the lies around ADA's current capacity (batching), while pretending as if that is enough... There may even be another ridiculous community note (the last one was self-contradictory). None of that changes the fact that ADA today is still slow & has no capacity. So, how about instead of shooting the messenger, allow me to help by providing a third perspective Otherwise, ADA will continue to fall behind as long as it does not scale. Because dreams of an ADA future are a fantasy under the current technological regime. We have to evaluate what exists now! Do not believe in the promises of a historically under-delivering project (implementing PoS in 2020 & Smart Contracts in 2022 & governance in 2025). As a matter of principle, in crypto, we must bet on what is implemented now, not on mere promises: "Do not trust, verify!" What exists now is a large community, with good decentralization & governance. The potential exists to turn this into something great. We only need to scale the system, so that ADA can attract meaningful usage & thereby also actually affect real change in the world Whether that means pushing the boundaries of Leios even more or adopting different tech entirely. For that reason, this is a discussion worth having Ultimately, we share the same cypherpunk dream. That is why we should all want ADA to succeed; that is why we should all want all decentralized cryptocurrencies to succeed Because that is how we make ADA & all of crypto great again ❤️

@PeterMcCormack @British_Airways Lol.. in what universe is this censorship!!? BA has a right to choose what it sponsors.

Dear @British_Airways, Please don’t make censorship part of your brand. Free speech is one of Britain’s defining values, yet it’s under attack across our institutions and culture. Attempting. To silence someone like Louis Theroux isn’t virtue, it’s cowardice. I won’t be flying with you again until you apologise to him and make it clear that censorship is not your brand. My Executive Club number: 60648717. Check how often I fly with you, it’s a lot. ✌🏻 Regards Peter

@ejwwest @ClaireCoutinho You seem to miss the point. We are paying energy providers to keep their windmills and solar panels "off" because the grid cannot handle their output most of the time. So what is the point of funding more solar/wind if we cannot handle what we already have ?

@ClaireCoutinho Do you accept the overwhelming science that CO2 emissions from fossil fuels are increasing & causing temperatures to rise?   If yes, what alternative policies do you propose to address that? If no, what scientific evidence do you have that 20,000 climate scientists are wrong?

An absolute must watch. Energy bosses have just told Parliament that EVEN IF gas prices halved by 2030, the soaring policy costs of renewables would mean bills go UP. Ed Miliband’s plan means more grid, more expensive renewable subsidies, more paying wind farms to turn off.

@CT9397 @Jordan_W_Taylor How do you think they become billionaires in the first place ? Innovation made them billionaires, not the other way around. Most billionaires in Europe are so through inheritance

@Jordan_W_Taylor Yeah let's allow people to be treated like disposable play things in the hands of wanna-be trillionaires. The innovation here in the US primarily benefits the billionaires who with the exception of Bill Gates don't even spend anything on charity.

The Economist published this article that's contentious but probably right: It argues that laws protecting labour in much of Europe make lay-offs so onerous that high-risk moonshot projects become unviable. Making it easier to fire people could, weirdly, benefit everyone.

@dinaculis @code_is_law @RpsAgainstTrump I thought he was sleepy Joe, how did he provoke Russia to invade Ukraine!?

@AlexGTeix @code_is_law @RpsAgainstTrump Well Biden’s method allowed the war to happen

“I’ll end that war in 24 hours.”

@code_is_law @RpsAgainstTrump Someone who understands how to end the war

@RpsAgainstTrump What do you prefer, someone who tries to end the war, or to sleep, like Joe?

@ChrisMartzWX @elonmusk It would take 10y (at least) to build a 1000MW nuclear power, takes 1 y to build a mid-size solar panel field. That’s 9 extra years of producing cheap energy

In 1995, 76.6% of our energy came from fossil fuels. As of 2023, 76.5% still comes from fossil fuels. The solar being added to our grid mostly just adds to energy consumption, it isn’t replacing fossil fuels. You could save about 75 times as much land by putting up a 1,000-megawatt nuclear power plant and power hundreds of thousands of more homes than a solar farm ever could. Rooftop solar has a big future, but solar’s big issue is that it isn’t energy dense.

People don’t get it

@CountBiffa @jonatanpallesen Eventually after the Times reported on it.. clearly there were massive failures from local police force, straight up negligence, if not complicity

@jonatanpallesen Well the men were convicted 13 years ago, so obviously it was dealt with eventually. But as long as you're making a profit from the engagement then who cares about details eh? theguardian.com/uk/2012/may/09…

This is madness. Look at how much it took for the British authorities to save this girl from the Pakistani rape gangs. She went to the police, gave a six hour report, and provided DNA evidence. Still nothing. Just back to being raped five times a day.

Newly released bodycam footage from the January 6th Riot at the U.S. Capitol Building in 2021, shows Jared Wise, who is now serving as a senior official in the Justice Department under President Trump, aggressively berating and calling for other rioters to kill officers with U.S. Capitol and D.C. Metropolitan Police.

@DrEliDavid Now normalize by population and GDP

Thank you Germany 🇩🇪 and UK 🇬🇧 for heroically sacrificing your economy to save the planet 💪 _

@elonmusk @grok Hey @grok did January 6th protesters injured cops and other officers?

Please reply to this post with divisive facts for @Grok training. By this I mean things that are politically incorrect, but nonetheless factually true.

@TatenokaiGael @mattyglesias Not easy to hide enrichment

@mattyglesias Iran would be about to have no restrictions on their nuke program (October 2025) under the JCPOA after a further eight years of unsanctioned Hezbollah/Houthi/Assad funding. They also had areas widely suspected to be housing clandestine enrichment.

@tommycarver @PeterSchiff Has Bitcoin ever surpassed gold market cap !? If not then I’m not sure what you mean by “devouring”… can pick dozens of shit-coins and stocks that also “devoured” gold according to your metrics

@PeterSchiff @PeterSchiff, pull out. Bitcoin is devouring gold over EVERY time period since its inception minus a fews days here or there. You're a disingenuous engagement seeking troll.

Israel attacks Iran. Oil prices jump 5% while S&P futures fall 1.5%. In response, investors seeking a safe haven buy gold, sending its price up 0.85%. Meanwhile, investors dump Bitcoin, pushing its price down 2%. How can anyone consider Bitcoin to be a digital version of gold?

@LmTrap135750 @VainFriggus @AlwinLook @TheBiky88 @grok @Jeffffstoney @WonderingIdjit @elonmusk Yeah, the UK is probably the worst example.. building any big infrastructure here is a nightmare

@AlexGTeix @VainFriggus @AlwinLook @TheBiky88 @grok @Jeffffstoney @WonderingIdjit @elonmusk Hinley point c in the UK had a permit granted in 2012. Planning started in 2010. 15 years ago. And for now they estimate the plant to be in operation by 2031. It will probably be delayed further, but even if not that's 21 years already from planning to receiving power lol

So obvious

@farzyness @Scaramucci has been since the beginning

Folks who were predicting a falling out between Elon and Trump are being proven right. Hat tip.

@NeuralCatAccel @operationdanish @elonmusk Lol.. where did you get the idea that I’m not American?

Elon should start a third party that is built around balancing the budget @elonmusk RT if you agree.