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Cardano Criticisms

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by COINS NEWS 181 Views

I'll start by saying I used to love Cardano and think it was the future of everything decentralized. I drank all the kool-aid. However, as of late, I've started to really get fed up with the project. Charles is awful. Development is slow. Criticism is lacking within the community. It still has a chance to do something moving forward, but I'm not putting all my eggs in that basket. Here's a list of criticisms I've found that hold some merit

  • Peer-review: If you look at the peer-reviewed papers listed on the IOHK site, you will find that most papers are actually just sent to online repositories which state in the fine print that submissions are not peer reviewed
  • Cardano literally has to write Haskell coding libraries from scratch. This slows development dramatically. Additionally, it takes 10+ years to harden a code library, meaning there will be securities concerns on Cardano for years to come.
  • Charles has never actually finished a project. He seems to be a serial entrepreneur that gets rich and then moves on.
  • Charles acts like he is all for unity, then goes on to trash any project that takes a different approach than Cardano. He literally highjacked the Ethereum Classic Twitter account and swapped it to ERGO, which has a relationship the Cardano. He is simply filling his own bags.
  • Having an active community on github, in reality, means nothing when projects aren't completed. Progress isn't actually made.
  • IOHK might be good at science, but they have not shown they are capable of delivering practically useful products
  • In twitter polls, the Cardano community has built bots to game the results. There are numerous twitter polls that point blank ask "I am a human" and "Cardano" and Cardano wins by a landslide.
  • Catalyst, their governance model where they award ADA, has 0 follow-through. Some projects were awarded tens to hundreds of thousands of dollars worth of ADA, and never delivered on their promises. Basically a marketers dream
  • Speed and TX fees are relatively high when compared to other smart contract chains, with the exception of Ethereum. Cardano pushes for global adoption and helping the impoverished, and then charge .17 ADA per TX, which is significantly higher than chains like ALGO, MATIC, AVAX, etc.
  • Elitist community, with nothing to show to back up the elitism.

In conclusion, I hope Cardano does deliver on their promises, but the way the project is trending compared to the rest of the market and other platforms, I have doubts about its longevity.

submitted by /u/002timmy
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