Row 81759

Row ID: 81759 | Dataset Entry | Axioma AXP Content Repository

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Have you developed on it? I have. You can write smart contracts in python if you want but it has to be transpiled into Plutus, so you have to write your contracts like Haskell just with a python syntax. Also because it's UTXO unlike every other smart contract chain (account based) you have to learn a completely new approach to contract design with a tiny fraction of the developer tooling and information. It's not the language it's the entire development process and knowledge requirement, why would you possibly want to learn the one smart contract language/system that doesn't work anywhere else? They literally build people's contracts for them with foundation money because nobody knows how to use it, I have worked with the team that does it, it sucked.

Is that educated enough for you?

'woah token went up! Must be good token with utility. Ooga booga'

If your chain doesn't work with the major dev tooling and infrastructure providers, all of which target account-based EVM chains - nobody can or wants to build on it. For every 1000 dev teams building for the EVM, there's like 1 building on cardano - so there's 1/1000th of the cool products, so there's no liquidity, so nobody wants to build for it, so there's no products etc etc etc

They're permanently promising proper evm support but it never seems to actually arrive. I've seen probably 5 different attempts get announced. The latest is Milkomeda that might or might not make it more attractive but I'm not holding my breath. They get about 5k transactions per day, and cardano total transactions iis like 50k. Ethereum gets over a million. solana (which is also dislike for another reason) gets 10s of millions. These are not good numbers for the cardano evm.

Some time soon chains and tokens are going to have to actually serve a purpose or they'll die - at the moment crypto prices are pretty much 100% speculation which is why PEPE has a 2.3B marketcap despite doing literally nothing. DOGE is a token intentionally designed to be a truly terrible token, madly inflationary and does nothing yet it has a 24B marketcap. Do you honestly think these tokens are going to be worth anything in 5 years? And cardano doesn't even have hype to support it any more lol it's old af.

If you're swing trading memecoins and alt perps then have fun gambling - if you're buying and holding ADA you will think back to this comment in a few years time.

FieldValue
text Have you developed on it? I have. You can write smart contracts in python if you want but it has to be transpiled into Plutus, so you have to write your contracts like Haskell just with a python syntax. Also because it's UTXO unlike every other smart contract chain (account based) you have to learn a completely new approach to contract design with a tiny fraction of the developer tooling and information. It's not the language it's the entire development process and knowledge requirement, why wou…
label r/cryptomarkets
dataType comment
communityName r/CryptoMarkets
datetime 2024-05-24
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Raw Record

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  "text": "Have you developed on it? I have. You can write smart contracts in python if you want but it has to be transpiled into Plutus, so you have to write your contracts like Haskell just with a python syntax. Also because it's UTXO unlike every other smart contract chain (account based) you have to learn a completely new approach to contract design with a tiny fraction of the developer tooling and information. It's not the language it's the entire development process and knowledge requirement, why would you possibly want to learn the one smart contract language/system that doesn't work anywhere else? They literally build people's contracts for them with foundation money because nobody knows how to use it, I have worked with the team that does it, it sucked.\n\n Is that educated enough for you? \n\n'woah token went up! Must be good token with utility. Ooga booga'\n\nIf your chain doesn't work with the major dev tooling and infrastructure providers, all of which target account-based EVM chains - nobody can or wants to build on it. For every 1000 dev teams building for the EVM, there's like 1 building on cardano - so there's 1/1000th of the cool products, so there's no liquidity, so nobody wants to build for it, so there's no products etc etc etc\n\nThey're permanently promising proper evm support but it never seems to actually arrive. I've seen probably 5 different attempts get announced. The latest is Milkomeda that might or might not make it more attractive but I'm not holding my breath. They get about 5k transactions per day, and cardano total transactions iis like 50k. Ethereum gets over a million. solana (which is also dislike for another reason) gets 10s of millions. These are not good numbers for the cardano evm.\n\nSome time soon chains and tokens are going to have to actually serve a purpose or they'll die - at the moment crypto prices are pretty much 100% speculation which is why PEPE has a 2.3B marketcap despite doing literally nothing. DOGE is a token intentionally designed to be a truly terrible token, madly inflationary and does nothing yet it has a 24B marketcap. Do you honestly think these tokens are going to be worth anything in 5 years? And cardano doesn't even have hype to support it any more lol it's old af.\n\nIf you're swing trading memecoins and alt perps then have fun gambling - if you're buying and holding ADA you will think back to this comment in a few years time.",
  "label": "r/cryptomarkets",
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