This recent post by a Google engineer talking about how open source communities can out innivate closed source efforts has parallels with the Cardano ecosystem. https://www.semianalysis.com/p/google-we-have-no-moat-and-neither We’ve seen how the community has developed a better alternative to Plutus for a smidgen of the time and cost that Plutus has been under development. We’ve seen howContinue reading “What Open Source AI can tell us about innovation in Cardano”
Author Archives: ReddSpark
All the different views on Contingent Staking
There has been an incredible amount of chatter within the Cardano community about pros and cons of contingent staking. Here I attempt to go through every single argument in an attempt to make sense of it all. I won’t attribute all the points back to each source but I will list the sources I reliedContinue reading “All the different views on Contingent Staking”
Transactions within Transactions
It’s frustrating that TPS is the measure a lot of the wider crypto community look at as a measure of blockchain performance and yet it’s fraught with so many pitfalls and ways to manipulate it. People often confuse TPS with max TPS – the former being a measure of usage of the chain, and theContinue reading “Transactions within Transactions”
Liquidity Incentive Programs
The Cardano DeFi ecosystem is finally starting to take off. Sure we’ve had a few DEXEs launch, but until Vasil it’s fair to say Cardano wasn’t yet ready for DeFi. This is no longer the case. With Vasil in the rear view mirror we are seeing major DeFi projects move towards mainnet. The first ofContinue reading “Liquidity Incentive Programs”
Charles Hoskinson FT Interview
Charles Hoskinson did an interview recently with Jemima Kelly of the Financial Times. At first I thought it was a rather hostile interviewer and very good calm responses from Charles. However on a second viewing I could see areas where the reporter wasn’t getting a direct answer to their questions and hence why they mightContinue reading “Charles Hoskinson FT Interview”
NFT projects and Trust – an epic Twitter space discussion
I started writing this as one of those long twitter threads but decided to just put it into a blog post.. I’m only 55% of the way through this epic Twitter space with @monad_alexander , @wabdoteth and @ponziratti. But a lot has been covered so I wanted to share my thoughts. https://twitter.com/i/spaces/1YpKkgMELlVKj 1. Firstly IContinue reading “NFT projects and Trust – an epic Twitter space discussion”
Algorand’s TPS
In this article I dive deeper into what’s driving Algorand’s TPS and what Cardano can learn from it. But lets start by first by explaining TPS better. TPS is about transaction volume not speed Here is a chart generated through Coin Metrics A simpletons interpretation of this chart would be “Oh this shows Algorand isContinue reading “Algorand’s TPS”
Time is ripe to formulate a vision for Defi 2.0
Terra Luna collapse, Nomad bridge hack, Solana wallets hack… decentralized finance aka DeFi, has not put its best foot forward lately. All these issues are just part of a long line of hacks, scams, and collapses that have occurred in crypto over the years (see Crypto’s Dirty Little Secret). The truth is that crypto encouragesContinue reading “Time is ripe to formulate a vision for Defi 2.0”
The 5 min intro to Cardano
This blog post is aimed at those who want to quickly get up to speed on Cardano. I’m going to distill it down to only the essentials. About the chain Famous for being the slow moving tortoise, Cardano has taken a research first approach to blockchain development, arguing that it was necessary given the complexContinue reading “The 5 min intro to Cardano”
The case against Bitcoin’s value
Shortly after posting my trilogy of Bitcoin articles I got sent this video to watch with the message “Please educate yourself in what #bitcoin is and does. Would love to hear your feedback after watching this documentary“. The author had not actually read what I had written nevertheless I thought I would be a goodContinue reading “The case against Bitcoin’s value”
The case against Bitcoin’s security (vs. POS)
This is the second part of my trilogy of articles. The first being The case against Bitcoin’s energy usage, and the last one being The Case against Bitcoin’s governance. In this post I will examine the view that a Proof-of-Stake (PoS) cryptocurrency, specifically Cardano, is fundamentally less secure than an energy hungry Proof-Of-Work (PoW) coin,Continue reading “The case against Bitcoin’s security (vs. POS)”
The case against Bitcoin’s governance
This is the final part of my trilogy of articles critiquing Bitcoin. If you haven’t already, go check out The case against Bitcoin’s security (vs POS), and The case against Bitcoin’s Energy Usage. In this article I’ll dive into the impact of Bitcoin’s tokenomics on its long-term security, it’s governance system, and how these compareContinue reading “The case against Bitcoin’s governance”
A response to Justin Bons
I was just about to go to bed on a Sunday night when I saw Justin Bon’s long-awaited, deeply researched analysis of Cardano. I kid. I think he had at most a week to research it and I’m going to have to guess he was doing it in his spare time as there was aContinue reading “A response to Justin Bons”
Cardano “Vasil” hardfork on-track for June
In the same week we found out about the delay to Ethereum’s upgrade known as the “merge”, which was expected to be in June but is now some tbd months later, we found out the status of another June hardfork – this time on Cardano. And unlike Ethereum’s upgrade, Cardano’s “Vasil” upgrade is on trackContinue reading “Cardano “Vasil” hardfork on-track for June”
The case against Bitcoin’s energy usage
There is an emerging schism between Proof-of-Work cryptocurrencies such as Bitcoin, and Proof-of-Stake cryptocurrencies such as Cardano. Some of it is down to differences of opinion around security, some of it is around blockchain utility, but the most notable difference is around energy consumption. In the past year I’ve seen Bitcoiner’s apply gravity bending logicContinue reading “The case against Bitcoin’s energy usage”
Tons of Cardano News
There’s been an absolute riot of Cardano news lately that I thought it about time I made a blog post to comment on them all. I’ll start with the less technical news then gradually more on to the deeper end of the pool. Minswap Drama You may remember Minswap as “that DEX that caused concurrencyContinue reading “Tons of Cardano News”
Is Cardano undervalued?
As I write this in the first week of spring, there is much hand wringing amongst the Cardano community over what is going to on with the price. For those of you reading this in the future, welcome time-traveler, we hope you look back with amusement over the days when Cardano was at 0.86 dollars,Continue reading “Is Cardano undervalued?”
Sundae Status
This is a copy / paste of a discord conversation between Cobie and SundaeSwap on the Discord server for the benefit of the Reddit community. I shall provide my own summary at the end in the next day or two once I’m back from travelling. Cobie: hii, so i read the post but was confusedContinue reading “Sundae Status”
Crypto in 2022
I thought I would paint one vision of what might be in store for cryptocurrencies in 2022. Most of this is just an extrapolation of where were are today + a generous dose of hopium. Take it with a large pinch of salt! More and more people will get into cryptos Crypto has had aContinue reading “Crypto in 2022”
Crypto’s dirty little secret
The crypto world is claiming that DeFi will disrupt traditional finance, yet conveniently overlooking a glaring issue in the DeFi space that will significantly hamper adoption. To make it worse, it’s a problem where short-term greed fuels long term complacency. But does Cardano have the answer? Now while in some of these cases the hacksContinue reading “Crypto’s dirty little secret”
ReddSparks Crypto Blog 