DASH

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). Their reputation was hurt badly after the [Cardstarter scandal](https://cardanofeed.com/cardstarter-and-sundaeswap-a-falling-out-story-42690.html) where SundaeSwap cheated their Cardstarter partner of initial rewards, in addition to rumors of front-running. > * **MinSwap** has now [doubled SundaeSwap in total locked value](https://defillama.com/chain/Cardano) in only 3 weeks, but even this DEX only sees a couple of million USD worth of swaps daily. No other Cardano DEX even come close in size. Compare this to a whopping [$1.2 billion daily volume for Ethereum network's Uniswap](https://coinranking.com/exchanges). In their defense, it's only been 1-2 months, so it could just take time to grow. Another downside is that neither of these exchanges natively support the most popular Cardano wallet, Yoroi. Instead, you have to install specialized extensions to use these DEXs due to DEX design complexities. > > **Scaling issues** > > * **Transaction speed**: ADA's current maximum transaction speed is about 8 TPS, which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without additional updates. While this was fine before the Alonso update, after the release of smart contracts, the network has become very congested. Top scaling is 1000 TPS without Hydra Layer 2 scaling. This is still nowhere near the limits needed for global adoption on Layer 1. Many of its competitors like Solana, Polygon, Algorand, and Terra, have surpassed its TPS. > * **Scaling** via Hydra and sharding is far away on their timeline (Basho update maybe Q2 2022 if there are no further delays). Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. We still have scant information of the protocol on a detailed level. > * **Storage inefficiency**: Cardano: [12.26M transactions in 10.76 GB](https://blockchair.com/cardano) = 880 bytes / transaction. Ethereum: [1.27B transactions in 279 GB](https://blockchair.com/ethereum) = 218 bytes / transaction. Ethereum is 4x more storage-efficient even before Cardano releases smart contracts. If Cardano were to scale to 1000 TPS, it would increase its blocksize by at least 30 TB per year. > > > **Competitors** > > * Cardano's development has been extremely slow and delayed so much that its competitors have caught up: Cardano has fallen from #3 in market cap to #6 last year after Solana passed it, and it has further fallen to #8. There are so many (monolithic Layer 1) Ethereum competitors that can already do smart contracts with DEXs more efficiently with higher scalability than Cardano: Polygon, Terra, Algorand, Elrond. The academic researcher crowd that Cardano was targeting has moved onto supporting Algorand. Even if Cardano releases a working DEX, they're technologically-behind their competitors. > > **Fees**: > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.40 - 0.50 USD as of Mar 2022. While these are cheaper than current Bitcoin network transaction fees of ~2-4 USD and much cheaper than Ethereum network transaction fees of 2-20+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $2+ due to processing fees. > > **Diminishing Staking Rewards in the long run**: > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/xpwwdf/daily_general_discussion_september_28_2022_gmt0/).

chuck_portis

So from your top 10: BCH, IOTA, DASH, NEM are probably cooked. They are #3, 7, 8, 9. The others are all still quite relevant. Also, LTC flirted with its 2017 high this bull run. It remained relevant, although far from a top story. I'd say the best strategy is probably similar to S&P500. Buy a market-weighted index. Even better if it's dynamic like S&P500 and auto-adjusts. That way you'll always catch the new trends and ditch the stuff that's fading out. Crypto top 25 is probably what you'd want.

Shibinator

How come BCH was described as "will never rise again", but not LTC? Or IOTA or DASH (both of which it is outperforming)? > Remind me, BCH is how many % off its ATH right now? A lot.But if your criteria is "% off ATH = quality of coin", you're a degenerate gambler not someone informed about cryptocurrency, and you will find that almost every coin in the market is performing poorly right now.

temp45667

No, BCH has been on a steady decline for 5 years, and IOTA isn't too similar, as are DASH and NEM is down 98% from its ATH. For most of the coins posted, this is significantly off their previous ATHs. Only ETH and BTC (and from this particular time, ADA) are anywhere near their values at this time and ADA and ETH went a lot higher than the values posted here at their heights.

jewbagel10

Other Highlights: CKB for $1,528 BCH for $4,799 BSV for $2,006 ETHW for $3,041 DASH for $984 RVN for $5,628 ERG for $961

Classic_Equal_9427

If you are looking for bottom then look at Velas, it is the fastest EVM blockchain and they also sponsor Ferrari, which means they have strong support, and it is now at the bottom, also the APY on staking over 10% which is pretty cool for PoS blockchain, especially if you invest in the long term I also have FTM XLM and DASH in my portfolio if you take the coins from your list But i also have about 15% in USDT because the market may fall even lower, i think i will see how will the FOMC meeting today end and how much will the interest rate be raised, if it will be about 75 points or lower then i will probably buy more cryptocurrencies

Hour-Agency5482

Well, actually I'm buying BTC this dip First the BTC bullrun, then altseason (DASH, MATIC etc)

VegetableSuch6044

Man idk I'm rooting for EVER, DASH and XDC from your list

dazzledswag46

This is the tokens I personally invested in: DASH, EOS, FTM, EVER, 1INCH

coinfeeds-bot

tldr; Big Eyes Coin (BIG), Cardano (ADA), and Dash (DASH) are among the DAO tokens that offer their holders a variety of options. Big Eyes Coin is a community-owned project that is more than just a “joke” coin. Dash seeks to provide faster transactions than BTC through decentralized digital payments. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

SenseiRaheem

DASH has become CRAWL

pbjclimbing

DASH A coin that is past its prime.

jesuzombieapocalypse

If you know anything about crypto regulation you’d know BTC’s been classified as a commodity for a pretty long time now lol of course it’s not classified as currency, we’re not El Salvador, I’m not sure what I’m supposed to be mad about here. The best thing crypto does is decentralization, a CBDC by definition can’t undercut that, and the main thing people buy it for is as an investment, I don’t see the USD ever having a 5x year (except if we’re talking about supply), so again on that a CBDC isn’t competing since it’s just another form of transactional currency. The corner of crypto dedicated to actually functioning as everyday currency hasn’t been the top performing classification of alts since like 2013. If my entire portfolio was made of nothing but LTC, BCH, DASH, NANO, etc I might feel a little threatened, but somehow I don’t think that’s a lot of people these days.

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). Their reputation was hurt badly after the [Cardstarter scandal](https://cardanofeed.com/cardstarter-and-sundaeswap-a-falling-out-story-42690.html) where SundaeSwap cheated their Cardstarter partner of initial rewards, in addition to rumors of front-running. > * **MinSwap** has now [doubled SundaeSwap in total locked value](https://defillama.com/chain/Cardano) in only 3 weeks, but even this DEX only sees a couple of million USD worth of swaps daily. No other Cardano DEX even come close in size. Compare this to a whopping [$1.2 billion daily volume for Ethereum network's Uniswap](https://coinranking.com/exchanges). In their defense, it's only been 1-2 months, so it could just take time to grow. Another downside is that neither of these exchanges natively support the most popular Cardano wallet, Yoroi. Instead, you have to install specialized extensions to use these DEXs due to DEX design complexities. > > **Scaling issues** > > * **Transaction speed**: ADA's current maximum transaction speed is about 8 TPS, which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without additional updates. While this was fine before the Alonso update, after the release of smart contracts, the network has become very congested. Top scaling is 1000 TPS without Hydra Layer 2 scaling. This is still nowhere near the limits needed for global adoption on Layer 1. Many of its competitors like Solana, Polygon, Algorand, and Terra, have surpassed its TPS. > * **Scaling** via Hydra and sharding is far away on their timeline (Basho update maybe Q2 2022 if there are no further delays). Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. We still have scant information of the protocol on a detailed level. > * **Storage inefficiency**: Cardano: [12.26M transactions in 10.76 GB](https://blockchair.com/cardano) = 880 bytes / transaction. Ethereum: [1.27B transactions in 279 GB](https://blockchair.com/ethereum) = 218 bytes / transaction. Ethereum is 4x more storage-efficient even before Cardano releases smart contracts. If Cardano were to scale to 1000 TPS, it would increase its blocksize by at least 30 TB per year. > > > **Competitors** > > * Cardano's development has been extremely slow and delayed so much that its competitors have caught up: Cardano has fallen from #3 in market cap to #6 last year after Solana passed it, and it has further fallen to #8. There are so many (monolithic Layer 1) Ethereum competitors that can already do smart contracts with DEXs more efficiently with higher scalability than Cardano: Polygon, Terra, Algorand, Elrond. The academic researcher crowd that Cardano was targeting has moved onto supporting Algorand. Even if Cardano releases a working DEX, they're technologically-behind their competitors. > > **Fees**: > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.40 - 0.50 USD as of Mar 2022. While these are cheaper than current Bitcoin network transaction fees of ~2-4 USD and much cheaper than Ethereum network transaction fees of 2-20+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $2+ due to processing fees. > > **Diminishing Staking Rewards in the long run**: > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/xb3w34/daily_general_discussion_september_11_2022_gmt0/).

apex_editor

Her name was LUNA. Or maybe it was DOT… Saw her at the GALA.She WAVES at me and I DASH to her. I take out my 1INCH BAT and she says OMG. I go APE and am NEAR and tell her she better not DOGE.

devilsgospel666

Fuck LTC all my homies use DASH

osoese

bitcoin won't, but coins like DASH and PIVX clone off of BTC source code and introduce masternode proof of stake concept in production. So, basically it already has in a way... imo.

teddy_swits

DASH, GET, FUN and… dare I say XRP?

MentalUsurpation

What the hell happened to DASH?

silverf1re

How can I see others? ZCASH DASH LTC ETC

Aishamar

Wow. That's huge. I miss DASH as well. But thank God I have got it along BTC OGN ETH now

Joe-M-4

No worries! Yeah, Luna is the biggest loser of any of the 5 Top Ten Portfolios, up to this date. Second worst currently is DASH from the 2018 Portfolio, currently down -95% since I made the purchase...

VideoGameDana

Seriously. BCH is just the continuation of Satoshi's whitepaper. If you don't like the original purpose of crypto, that's fine. But brigading against a single Bitcoin fork in a general cryptocurrency forum like /r/Cryptocurrency says more about you than it does the coin. I'm a maxi of none. I believe all crypto with actual purpose and utility can and should live side-by-side. BCH is simply a useable crypto that doesn't need a 2nd or 3rd layer to work efficiently. Granted it's not as great on the tech side of things, with Simple Ledger Protocol all but dying (there are people still working on it but the teams failed to get funding with their Flipstarter), and SmartBCH being a wonderful alternative to ETH until CoinFlex shit the bed. SmartBCH is still salvageable but Coinflex will forever be a stain on it. But then you have WAX, DASH, and all these other coins that maxis like to call "shitcoins" or come up with lame nicknames that attempt to strip the identity of the coin they're criticizing, like "Bcash". It's like, dude, did you really have to get that creative? Why must everything be seen as a threat to your coin? Don't you have faith in your coin? Maxis seem to think their coin will "win" whatever game it seems to be playing in their eyes. I just want control over my money.

kooshx

EOS and ZCash are coins from the same era and they are showing signs of life during this uptick - no reason why DASH can't do so as well.

Unfair-Newspaper-546

Also DASH has been smashed... Old schooler

Unfair-Newspaper-546

Is there any possibility DASH will have a comeback?

sickvisionz

​ |Token|Price Today|2021 High| |:-|:-|:-| |Bitcoin|$24,533.24 +|$69,044.77 +| |Ethereum|$1,991.32 +|$4,878.26 +| |XRP|$0.38 +|$1.84 +| |Bitcoin Cash|$144.73 - |$1,547.08 +| |Litecoin|$65.29 +|$384.67 +| |Neo|$12.08 -|$122.45 +| |NEM|$0.06 -|$0.79 +| |IOTA|$0.36 -|$2.52 +| |DASH|$57.36 - |$441.96| |Ethereum Classic|$44.32 +|$136.38 +| \+It *gained* vs OP's price/date \-It **lost** vs OP's price/date In the middle of a beat market, half the tokens are doing better than they were five years ago. 100% of the tokens were doing better last year than they were 5 years ago. The worst performer was 220% of the old value...

FanNo62

I would like to return the DASH project to its former glory But now there are projects that in my opinion will get glory, for example AngelBlock as it is a fundrising platform that people will use, I would highlight FLUX and Kusama instead of living in dreams it is better to look for new investment opportunities

SpuddyA7X

Where do I start? Buying Monero way back when. Eth was $10 at the time, Monero probably $5. Throwing out a harddrive containing 3000Darkcoin, which later rebranded to DASH, and would have been worth over $4M at the peak of the 2017 bullrun. Not holding on to Matrix long enough. I had thousands when they were 3¢ a piece, I sold em off not long after. Was happy with the profit at the time, but it would have been astronomically bigger if held to the $1 mark. Just a few of my experiences and regrets.

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). Their reputation was hurt badly after the [Cardstarter scandal](https://cardanofeed.com/cardstarter-and-sundaeswap-a-falling-out-story-42690.html) where SundaeSwap cheated their Cardstarter partner of initial rewards, in addition to rumors of front-running. > * **MinSwap** has now [doubled SundaeSwap in total locked value](https://defillama.com/chain/Cardano) in only 3 weeks, but even this DEX only sees a couple of million USD worth of swaps daily. No other Cardano DEX even come close in size. Compare this to a whopping [$1.2 billion daily volume for Ethereum network's Uniswap](https://coinranking.com/exchanges). In their defense, it's only been 1-2 months, so it could just take time to grow. Another downside is that neither of these exchanges natively support the most popular Cardano wallet, Yoroi. Instead, you have to install specialized extensions to use these DEXs due to DEX design complexities. > > **Scaling issues** > > * **Transaction speed**: ADA's current maximum transaction speed is about 8 TPS, which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without additional updates. While this was fine before the Alonso update, after the release of smart contracts, the network has become very congested. Top scaling is 1000 TPS without Hydra Layer 2 scaling. This is still nowhere near the limits needed for global adoption on Layer 1. Many of its competitors like Solana, Polygon, Algorand, and Terra, have surpassed its TPS. > * **Scaling** via Hydra and sharding is far away on their timeline (Basho update maybe Q2 2022 if there are no further delays). Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. We still have scant information of the protocol on a detailed level. > * **Storage inefficiency**: Cardano: [12.26M transactions in 10.76 GB](https://blockchair.com/cardano) = 880 bytes / transaction. Ethereum: [1.27B transactions in 279 GB](https://blockchair.com/ethereum) = 218 bytes / transaction. Ethereum is 4x more storage-efficient even before Cardano releases smart contracts. If Cardano were to scale to 1000 TPS, it would increase its blocksize by at least 30 TB per year. > > > **Competitors** > > * Cardano's development has been extremely slow and delayed so much that its competitors have caught up: Cardano has fallen from #3 in market cap to #6 last year after Solana passed it, and it has further fallen to #8. There are so many (monolithic Layer 1) Ethereum competitors that can already do smart contracts with DEXs more efficiently with higher scalability than Cardano: Polygon, Terra, Algorand, Elrond. The academic researcher crowd that Cardano was targeting has moved onto supporting Algorand. Even if Cardano releases a working DEX, they're technologically-behind their competitors. > > **Fees**: > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.40 - 0.50 USD as of Mar 2022. While these are cheaper than current Bitcoin network transaction fees of ~2-4 USD and much cheaper than Ethereum network transaction fees of 2-20+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $2+ due to processing fees. > > **Diminishing Staking Rewards in the long run**: > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/wbjii0/daily_general_discussion_july_30_2022_gmt0/).

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). Their reputation was hurt badly after the [Cardstarter scandal](https://cardanofeed.com/cardstarter-and-sundaeswap-a-falling-out-story-42690.html) where SundaeSwap cheated their Cardstarter partner of initial rewards, in addition to rumors of front-running. > * **MinSwap** has now [doubled SundaeSwap in total locked value](https://defillama.com/chain/Cardano) in only 3 weeks, but even this DEX only sees a couple of million USD worth of swaps daily. No other Cardano DEX even come close in size. Compare this to a whopping [$1.2 billion daily volume for Ethereum network's Uniswap](https://coinranking.com/exchanges). In their defense, it's only been 1-2 months, so it could just take time to grow. Another downside is that neither of these exchanges natively support the most popular Cardano wallet, Yoroi. Instead, you have to install specialized extensions to use these DEXs due to DEX design complexities. > > **Scaling issues** > > * **Transaction speed**: ADA's current maximum transaction speed is about 8 TPS, which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without additional updates. While this was fine before the Alonso update, after the release of smart contracts, the network has become very congested. Top scaling is 1000 TPS without Hydra Layer 2 scaling. This is still nowhere near the limits needed for global adoption on Layer 1. Many of its competitors like Solana, Polygon, Algorand, and Terra, have surpassed its TPS. > * **Scaling** via Hydra and sharding is far away on their timeline (Basho update maybe Q2 2022 if there are no further delays). Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. We still have scant information of the protocol on a detailed level. > * **Storage inefficiency**: Cardano: [12.26M transactions in 10.76 GB](https://blockchair.com/cardano) = 880 bytes / transaction. Ethereum: [1.27B transactions in 279 GB](https://blockchair.com/ethereum) = 218 bytes / transaction. Ethereum is 4x more storage-efficient even before Cardano releases smart contracts. If Cardano were to scale to 1000 TPS, it would increase its blocksize by at least 30 TB per year. > > > **Competitors** > > * Cardano's development has been extremely slow and delayed so much that its competitors have caught up: Cardano has fallen from #3 in market cap to #6 last year after Solana passed it, and it has further fallen to #8. There are so many (monolithic Layer 1) Ethereum competitors that can already do smart contracts with DEXs more efficiently with higher scalability than Cardano: Polygon, Terra, Algorand, Elrond. The academic researcher crowd that Cardano was targeting has moved onto supporting Algorand. Even if Cardano releases a working DEX, they're technologically-behind their competitors. > > **Fees**: > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.40 - 0.50 USD as of Mar 2022. While these are cheaper than current Bitcoin network transaction fees of ~2-4 USD and much cheaper than Ethereum network transaction fees of 2-20+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $2+ due to processing fees. > > **Diminishing Staking Rewards in the long run**: > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/wapgkg/daily_general_discussion_july_29_2022_gmt0/).

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). Their reputation was hurt badly after the [Cardstarter scandal](https://cardanofeed.com/cardstarter-and-sundaeswap-a-falling-out-story-42690.html) where SundaeSwap cheated their Cardstarter partner of initial rewards, in addition to rumors of front-running. > * **MinSwap** has now [doubled SundaeSwap in total locked value](https://defillama.com/chain/Cardano) in only 3 weeks, but even this DEX only sees a couple of million USD worth of swaps daily. No other Cardano DEX even come close in size. Compare this to a whopping [$1.2 billion daily volume for Ethereum network's Uniswap](https://coinranking.com/exchanges). In their defense, it's only been 1-2 months, so it could just take time to grow. Another downside is that neither of these exchanges natively support the most popular Cardano wallet, Yoroi. Instead, you have to install specialized extensions to use these DEXs due to DEX design complexities. > > **Scaling issues** > > * **Transaction speed**: ADA's current maximum transaction speed is about 8 TPS, which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without additional updates. While this was fine before the Alonso update, after the release of smart contracts, the network has become very congested. Top scaling is 1000 TPS without Hydra Layer 2 scaling. This is still nowhere near the limits needed for global adoption on Layer 1. Many of its competitors like Solana, Polygon, Algorand, and Terra, have surpassed its TPS. > * **Scaling** via Hydra and sharding is far away on their timeline (Basho update maybe Q2 2022 if there are no further delays). Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. We still have scant information of the protocol on a detailed level. > * **Storage inefficiency**: Cardano: [12.26M transactions in 10.76 GB](https://blockchair.com/cardano) = 880 bytes / transaction. Ethereum: [1.27B transactions in 279 GB](https://blockchair.com/ethereum) = 218 bytes / transaction. Ethereum is 4x more storage-efficient even before Cardano releases smart contracts. If Cardano were to scale to 1000 TPS, it would increase its blocksize by at least 30 TB per year. > > > **Competitors** > > * Cardano's development has been extremely slow and delayed so much that its competitors have caught up: Cardano has fallen from #3 in market cap to #6 last year after Solana passed it, and it has further fallen to #8. There are so many (monolithic Layer 1) Ethereum competitors that can already do smart contracts with DEXs more efficiently with higher scalability than Cardano: Polygon, Terra, Algorand, Elrond. The academic researcher crowd that Cardano was targeting has moved onto supporting Algorand. Even if Cardano releases a working DEX, they're technologically-behind their competitors. > > **Fees**: > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.40 - 0.50 USD as of Mar 2022. While these are cheaper than current Bitcoin network transaction fees of ~2-4 USD and much cheaper than Ethereum network transaction fees of 2-20+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $2+ due to processing fees. > > **Diminishing Staking Rewards in the long run**: > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/wapgkg/daily_general_discussion_july_29_2022_gmt0/).

ScoobaMonsta

Still not very good privacy. Less than 1% of transactions are private. To have good privacy you need a big crowd to hide in. The crowd in MWEB is extremely small. Transactions going in and out of the second layer can be tracked. There’s no difference between Litecoin’s MWEB, zcash and DASH Privacy transactions. They all are hardly used.

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). Their reputation was hurt badly after the [Cardstarter scandal](https://cardanofeed.com/cardstarter-and-sundaeswap-a-falling-out-story-42690.html) where SundaeSwap cheated their Cardstarter partner of initial rewards, in addition to rumors of front-running. > * **MinSwap** has now [doubled SundaeSwap in total locked value](https://defillama.com/chain/Cardano) in only 3 weeks, but even this DEX only sees a couple of million USD worth of swaps daily. No other Cardano DEX even come close in size. Compare this to a whopping [$1.2 billion daily volume for Ethereum network's Uniswap](https://coinranking.com/exchanges). In their defense, it's only been 1-2 months, so it could just take time to grow. Another downside is that neither of these exchanges natively support the most popular Cardano wallet, Yoroi. Instead, you have to install specialized extensions to use these DEXs due to DEX design complexities. > > **Scaling issues** > > * **Transaction speed**: ADA's current maximum transaction speed is about 8 TPS, which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without additional updates. While this was fine before the Alonso update, after the release of smart contracts, the network has become very congested. Top scaling is 1000 TPS without Hydra Layer 2 scaling. This is still nowhere near the limits needed for global adoption on Layer 1. Many of its competitors like Solana, Polygon, Algorand, and Terra, have surpassed its TPS. > * **Scaling** via Hydra and sharding is far away on their timeline (Basho update maybe Q2 2022 if there are no further delays). Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. We still have scant information of the protocol on a detailed level. > * **Storage inefficiency**: Cardano: [12.26M transactions in 10.76 GB](https://blockchair.com/cardano) = 880 bytes / transaction. Ethereum: [1.27B transactions in 279 GB](https://blockchair.com/ethereum) = 218 bytes / transaction. Ethereum is 4x more storage-efficient even before Cardano releases smart contracts. If Cardano were to scale to 1000 TPS, it would increase its blocksize by at least 30 TB per year. > > > **Competitors** > > * Cardano's development has been extremely slow and delayed so much that its competitors have caught up: Cardano has fallen from #3 in market cap to #6 last year after Solana passed it, and it has further fallen to #8. There are so many (monolithic Layer 1) Ethereum competitors that can already do smart contracts with DEXs more efficiently with higher scalability than Cardano: Polygon, Terra, Algorand, Elrond. The academic researcher crowd that Cardano was targeting has moved onto supporting Algorand. Even if Cardano releases a working DEX, they're technologically-behind their competitors. > > **Fees**: > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.40 - 0.50 USD as of Mar 2022. While these are cheaper than current Bitcoin network transaction fees of ~2-4 USD and much cheaper than Ethereum network transaction fees of 2-20+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $2+ due to processing fees. > > **Diminishing Staking Rewards in the long run**: > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/vpazdp/monthly_optimists_discussion_july_2022/).

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). Their reputation was hurt badly after the [Cardstarter scandal](https://cardanofeed.com/cardstarter-and-sundaeswap-a-falling-out-story-42690.html) where SundaeSwap cheated their Cardstarter partner of initial rewards, in addition to rumors of front-running. > * **MinSwap** has now [doubled SundaeSwap in total locked value](https://defillama.com/chain/Cardano) in only 3 weeks, but even this DEX only sees a couple of million USD worth of swaps daily. No other Cardano DEX even come close in size. Compare this to a whopping [$1.2 billion daily volume for Ethereum network's Uniswap](https://coinranking.com/exchanges). In their defense, it's only been 1-2 months, so it could just take time to grow. Another downside is that neither of these exchanges natively support the most popular Cardano wallet, Yoroi. Instead, you have to install specialized extensions to use these DEXs due to DEX design complexities. > > **Scaling issues** > > * **Transaction speed**: ADA's current maximum transaction speed is about 8 TPS, which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without additional updates. While this was fine before the Alonso update, after the release of smart contracts, the network has become very congested. Top scaling is 1000 TPS without Hydra Layer 2 scaling. This is still nowhere near the limits needed for global adoption on Layer 1. Many of its competitors like Solana, Polygon, Algorand, and Terra, have surpassed its TPS. > * **Scaling** via Hydra and sharding is far away on their timeline (Basho update maybe Q2 2022 if there are no further delays). Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. We still have scant information of the protocol on a detailed level. > * **Storage inefficiency**: Cardano: [12.26M transactions in 10.76 GB](https://blockchair.com/cardano) = 880 bytes / transaction. Ethereum: [1.27B transactions in 279 GB](https://blockchair.com/ethereum) = 218 bytes / transaction. Ethereum is 4x more storage-efficient even before Cardano releases smart contracts. If Cardano were to scale to 1000 TPS, it would increase its blocksize by at least 30 TB per year. > > > **Competitors** > > * Cardano's development has been extremely slow and delayed so much that its competitors have caught up: Cardano has fallen from #3 in market cap to #6 last year after Solana passed it, and it has further fallen to #8. There are so many (monolithic Layer 1) Ethereum competitors that can already do smart contracts with DEXs more efficiently with higher scalability than Cardano: Polygon, Terra, Algorand, Elrond. The academic researcher crowd that Cardano was targeting has moved onto supporting Algorand. Even if Cardano releases a working DEX, they're technologically-behind their competitors. > > **Fees**: > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.40 - 0.50 USD as of Mar 2022. While these are cheaper than current Bitcoin network transaction fees of ~2-4 USD and much cheaper than Ethereum network transaction fees of 2-20+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $2+ due to processing fees. > > **Diminishing Staking Rewards in the long run**: > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/vpazdp/monthly_optimists_discussion_july_2022/).

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). Their reputation was hurt badly after the [Cardstarter scandal](https://cardanofeed.com/cardstarter-and-sundaeswap-a-falling-out-story-42690.html) where SundaeSwap cheated their Cardstarter partner of initial rewards, in addition to rumors of front-running. > * **MinSwap** has now [doubled SundaeSwap in total locked value](https://defillama.com/chain/Cardano) in only 3 weeks, but even this DEX only sees a couple of million USD worth of swaps daily. No other Cardano DEX even come close in size. Compare this to a whopping [$1.2 billion daily volume for Ethereum network's Uniswap](https://coinranking.com/exchanges). In their defense, it's only been 1-2 months, so it could just take time to grow. Another downside is that neither of these exchanges natively support the most popular Cardano wallet, Yoroi. Instead, you have to install specialized extensions to use these DEXs due to DEX design complexities. > > **Scaling issues** > > * **Transaction speed**: ADA's current maximum transaction speed is about 8 TPS, which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without additional updates. While this was fine before the Alonso update, after the release of smart contracts, the network has become very congested. Top scaling is 1000 TPS without Hydra Layer 2 scaling. This is still nowhere near the limits needed for global adoption on Layer 1. Many of its competitors like Solana, Polygon, Algorand, and Terra, have surpassed its TPS. > * **Scaling** via Hydra and sharding is far away on their timeline (Basho update maybe Q2 2022 if there are no further delays). Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. We still have scant information of the protocol on a detailed level. > * **Storage inefficiency**: Cardano: [12.26M transactions in 10.76 GB](https://blockchair.com/cardano) = 880 bytes / transaction. Ethereum: [1.27B transactions in 279 GB](https://blockchair.com/ethereum) = 218 bytes / transaction. Ethereum is 4x more storage-efficient even before Cardano releases smart contracts. If Cardano were to scale to 1000 TPS, it would increase its blocksize by at least 30 TB per year. > > > **Competitors** > > * Cardano's development has been extremely slow and delayed so much that its competitors have caught up: Cardano has fallen from #3 in market cap to #6 last year after Solana passed it, and it has further fallen to #8. There are so many (monolithic Layer 1) Ethereum competitors that can already do smart contracts with DEXs more efficiently with higher scalability than Cardano: Polygon, Terra, Algorand, Elrond. The academic researcher crowd that Cardano was targeting has moved onto supporting Algorand. Even if Cardano releases a working DEX, they're technologically-behind their competitors. > > **Fees**: > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.40 - 0.50 USD as of Mar 2022. While these are cheaper than current Bitcoin network transaction fees of ~2-4 USD and much cheaper than Ethereum network transaction fees of 2-20+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $2+ due to processing fees. > > **Diminishing Staking Rewards in the long run**: > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/vpazdp/monthly_optimists_discussion_july_2022/).

ethereumflow

There are more proof of stake networks using Cosmos tech than any other stack. Polygon, Tezos, Thorchain and DASH are using Cosmos in some way or form. And in case you missed it dYdX just announced they’re moving to a Cosmos chain. Also in direct relation to the differences in dev environment of Polkadot and Cosmos Compound’s lead dev said building on Polkadot substrate over the Cosmos stack was a mistake they made. There are projects launching on Cosmos and connecting to IBC at a similar rate. IBC is the most widely adopted cross chain communication protocol in all of blockchain and other chains not built with the Cosmos SDK are not trying to build their connections to it; including Polkadot, Kusama and NEAR. Cosmos Hub is about to launch Interchain Secrurity this year which will make ATOM a more direct competitor to DOT as it will be offering security to other chains, and they don’t have to win auctions to get a spot, it’s only subject to a governance prop. Which Cosmos is also far ahead with as Polkadot just announced what was essentially Cosmos governance v0 recently.

FiB_VIKING

Wow! Interesting to see that many of theses Alts from 2017 didn't reach to their ATHs again in 2021 e.g DASH, XRP, EOS, BCH and so many others. That's a good perspective which makes me realize that many current top 20 cryptos won't ever see their ATHs again in next bull run.

Brief-Brain-7652

Here is a direct link to this video on Reddit's server for anyone that would like to download it or link to it. https://v.redd.it/4jysfk6hhjc91/DASH_480.mp4

reed5point0

It has it's anon send update incoming, but DASH has done that since 2015 Does it have smart contract interoperability? B/c honestly SCRT does everything LTC does with a better gain chance market cap napkin math wise too.

WantAndAble

I agree and disagree - as ive seen many technical focused projects not deliver and dwindle. The "to the moon" stuff is a more recent fad. But stuff like NEO, NEM, DASH, BCH, SRATIS, ICON, KOMODO, IOTA All actively developed, non moon boy projects that were technical focused. All disappointments up to this point. Even though theyre often still being developed. Doesnt mean theyll provide for you in the future. ADA could be developed actively forever and never live up to its potential - and it might not be because of any technical flaws.

WantAndAble

100% gambling. Dont make decisions on potential profit based on "well if it goes to ATH again...." 99% of coins will never touch their ATH again. NEM, Bytecoin, EOS, IOTA, DASH. These were top 20 coins just a few years ago. NEM was #6. It will never, ever be what people hoped. That means 99% of the time you will be disappointed.

WantAndAble

100% gambling. Dont make decisions on potential profit based on "well if it goes to ATH again...." 99% of coins will never touch their ATH again. NEM, Bytecoin, EOS, IOTA, DASH. These were top 20 coins. NEM was #6. It will never, ever be what people hoped.

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). Their reputation was hurt badly after the [Cardstarter scandal](https://cardanofeed.com/cardstarter-and-sundaeswap-a-falling-out-story-42690.html) where SundaeSwap cheated their Cardstarter partner of initial rewards, in addition to rumors of front-running. > * **MinSwap** has now [doubled SundaeSwap in total locked value](https://defillama.com/chain/Cardano) in only 3 weeks, but even this DEX only sees a couple of million USD worth of swaps daily. No other Cardano DEX even come close in size. Compare this to a whopping [$1.2 billion daily volume for Ethereum network's Uniswap](https://coinranking.com/exchanges). In their defense, it's only been 1-2 months, so it could just take time to grow. Another downside is that neither of these exchanges natively support the most popular Cardano wallet, Yoroi. Instead, you have to install specialized extensions to use these DEXs due to DEX design complexities. > > **Scaling issues** > > * **Transaction speed**: ADA's current maximum transaction speed is about 8 TPS, which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without additional updates. While this was fine before the Alonso update, after the release of smart contracts, the network has become very congested. Top scaling is 1000 TPS without Hydra Layer 2 scaling. This is still nowhere near the limits needed for global adoption on Layer 1. Many of its competitors like Solana, Polygon, Algorand, and Terra, have surpassed its TPS. > * **Scaling** via Hydra and sharding is far away on their timeline (Basho update maybe Q2 2022 if there are no further delays). Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. We still have scant information of the protocol on a detailed level. > * **Storage inefficiency**: Cardano: [12.26M transactions in 10.76 GB](https://blockchair.com/cardano) = 880 bytes / transaction. Ethereum: [1.27B transactions in 279 GB](https://blockchair.com/ethereum) = 218 bytes / transaction. Ethereum is 4x more storage-efficient even before Cardano releases smart contracts. If Cardano were to scale to 1000 TPS, it would increase its blocksize by at least 30 TB per year. > > > **Competitors** > > * Cardano's development has been extremely slow and delayed so much that its competitors have caught up: Cardano has fallen from #3 in market cap to #6 last year after Solana passed it, and it has further fallen to #8. There are so many (monolithic Layer 1) Ethereum competitors that can already do smart contracts with DEXs more efficiently with higher scalability than Cardano: Polygon, Terra, Algorand, Elrond. The academic researcher crowd that Cardano was targeting has moved onto supporting Algorand. Even if Cardano releases a working DEX, they're technologically-behind their competitors. > > **Fees**: > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.40 - 0.50 USD as of Mar 2022. While these are cheaper than current Bitcoin network transaction fees of ~2-4 USD and much cheaper than Ethereum network transaction fees of 2-20+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $2+ due to processing fees. > > **Diminishing Staking Rewards in the long run**: > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/vpazdp/monthly_optimists_discussion_july_2022/).

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). Their reputation was hurt badly after the [Cardstarter scandal](https://cardanofeed.com/cardstarter-and-sundaeswap-a-falling-out-story-42690.html) where SundaeSwap cheated their Cardstarter partner of initial rewards, in addition to rumors of front-running. > * **MinSwap** has now [doubled SundaeSwap in total locked value](https://defillama.com/chain/Cardano) in only 3 weeks, but even this DEX only sees a couple of million USD worth of swaps daily. No other Cardano DEX even come close in size. Compare this to a whopping [$1.2 billion daily volume for Ethereum network's Uniswap](https://coinranking.com/exchanges). In their defense, it's only been 1-2 months, so it could just take time to grow. Another downside is that neither of these exchanges natively support the most popular Cardano wallet, Yoroi. Instead, you have to install specialized extensions to use these DEXs due to DEX design complexities. > > **Scaling issues** > > * **Transaction speed**: ADA's current maximum transaction speed is about 8 TPS, which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without additional updates. While this was fine before the Alonso update, after the release of smart contracts, the network has become very congested. Top scaling is 1000 TPS without Hydra Layer 2 scaling. This is still nowhere near the limits needed for global adoption on Layer 1. Many of its competitors like Solana, Polygon, Algorand, and Terra, have surpassed its TPS. > * **Scaling** via Hydra and sharding is far away on their timeline (Basho update maybe Q2 2022 if there are no further delays). Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. We still have scant information of the protocol on a detailed level. > * **Storage inefficiency**: Cardano: [12.26M transactions in 10.76 GB](https://blockchair.com/cardano) = 880 bytes / transaction. Ethereum: [1.27B transactions in 279 GB](https://blockchair.com/ethereum) = 218 bytes / transaction. Ethereum is 4x more storage-efficient even before Cardano releases smart contracts. If Cardano were to scale to 1000 TPS, it would increase its blocksize by at least 30 TB per year. > > > **Competitors** > > * Cardano's development has been extremely slow and delayed so much that its competitors have caught up: Cardano has fallen from #3 in market cap to #6 last year after Solana passed it, and it has further fallen to #8. There are so many (monolithic Layer 1) Ethereum competitors that can already do smart contracts with DEXs more efficiently with higher scalability than Cardano: Polygon, Terra, Algorand, Elrond. The academic researcher crowd that Cardano was targeting has moved onto supporting Algorand. Even if Cardano releases a working DEX, they're technologically-behind their competitors. > > **Fees**: > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.40 - 0.50 USD as of Mar 2022. While these are cheaper than current Bitcoin network transaction fees of ~2-4 USD and much cheaper than Ethereum network transaction fees of 2-20+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $2+ due to processing fees. > > **Diminishing Staking Rewards in the long run**: > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/vpazdp/monthly_optimists_discussion_july_2022/).

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). Their reputation was hurt badly after the [Cardstarter scandal](https://cardanofeed.com/cardstarter-and-sundaeswap-a-falling-out-story-42690.html) where SundaeSwap cheated their Cardstarter partner of initial rewards, in addition to rumors of front-running. > * **MinSwap** has now [doubled SundaeSwap in total locked value](https://defillama.com/chain/Cardano) in only 3 weeks, but even this DEX only sees a couple of million USD worth of swaps daily. No other Cardano DEX even come close in size. Compare this to a whopping [$1.2 billion daily volume for Ethereum network's Uniswap](https://coinranking.com/exchanges). In their defense, it's only been 1-2 months, so it could just take time to grow. Another downside is that neither of these exchanges natively support the most popular Cardano wallet, Yoroi. Instead, you have to install specialized extensions to use these DEXs due to DEX design complexities. > > **Scaling issues** > > * **Transaction speed**: ADA's current maximum transaction speed is about 8 TPS, which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without additional updates. While this was fine before the Alonso update, after the release of smart contracts, the network has become very congested. Top scaling is 1000 TPS without Hydra Layer 2 scaling. This is still nowhere near the limits needed for global adoption on Layer 1. Many of its competitors like Solana, Polygon, Algorand, and Terra, have surpassed its TPS. > * **Scaling** via Hydra and sharding is far away on their timeline (Basho update maybe Q2 2022 if there are no further delays). Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. We still have scant information of the protocol on a detailed level. > * **Storage inefficiency**: Cardano: [12.26M transactions in 10.76 GB](https://blockchair.com/cardano) = 880 bytes / transaction. Ethereum: [1.27B transactions in 279 GB](https://blockchair.com/ethereum) = 218 bytes / transaction. Ethereum is 4x more storage-efficient even before Cardano releases smart contracts. If Cardano were to scale to 1000 TPS, it would increase its blocksize by at least 30 TB per year. > > > **Competitors** > > * Cardano's development has been extremely slow and delayed so much that its competitors have caught up: Cardano has fallen from #3 in market cap to #6 last year after Solana passed it, and it has further fallen to #8. There are so many (monolithic Layer 1) Ethereum competitors that can already do smart contracts with DEXs more efficiently with higher scalability than Cardano: Polygon, Terra, Algorand, Elrond. The academic researcher crowd that Cardano was targeting has moved onto supporting Algorand. Even if Cardano releases a working DEX, they're technologically-behind their competitors. > > **Fees**: > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.40 - 0.50 USD as of Mar 2022. While these are cheaper than current Bitcoin network transaction fees of ~2-4 USD and much cheaper than Ethereum network transaction fees of 2-20+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $2+ due to processing fees. > > **Diminishing Staking Rewards in the long run**: > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/vpazdp/monthly_optimists_discussion_july_2022/).

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). Their reputation was hurt badly after the [Cardstarter scandal](https://cardanofeed.com/cardstarter-and-sundaeswap-a-falling-out-story-42690.html) where SundaeSwap cheated their Cardstarter partner of initial rewards, in addition to rumors of front-running. > * **MinSwap** has now [doubled SundaeSwap in total locked value](https://defillama.com/chain/Cardano) in only 3 weeks, but even this DEX only sees a couple of million USD worth of swaps daily. No other Cardano DEX even come close in size. Compare this to a whopping [$1.2 billion daily volume for Ethereum network's Uniswap](https://coinranking.com/exchanges). In their defense, it's only been 1-2 months, so it could just take time to grow. Another downside is that neither of these exchanges natively support the most popular Cardano wallet, Yoroi. Instead, you have to install specialized extensions to use these DEXs due to DEX design complexities. > > **Scaling issues** > > * **Transaction speed**: ADA's current maximum transaction speed is about 8 TPS, which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without additional updates. While this was fine before the Alonso update, after the release of smart contracts, the network has become very congested. Top scaling is 1000 TPS without Hydra Layer 2 scaling. This is still nowhere near the limits needed for global adoption on Layer 1. Many of its competitors like Solana, Polygon, Algorand, and Terra, have surpassed its TPS. > * **Scaling** via Hydra and sharding is far away on their timeline (Basho update maybe Q2 2022 if there are no further delays). Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. We still have scant information of the protocol on a detailed level. > * **Storage inefficiency**: Cardano: [12.26M transactions in 10.76 GB](https://blockchair.com/cardano) = 880 bytes / transaction. Ethereum: [1.27B transactions in 279 GB](https://blockchair.com/ethereum) = 218 bytes / transaction. Ethereum is 4x more storage-efficient even before Cardano releases smart contracts. If Cardano were to scale to 1000 TPS, it would increase its blocksize by at least 30 TB per year. > > > **Competitors** > > * Cardano's development has been extremely slow and delayed so much that its competitors have caught up: Cardano has fallen from #3 in market cap to #6 last year after Solana passed it, and it has further fallen to #8. There are so many (monolithic Layer 1) Ethereum competitors that can already do smart contracts with DEXs more efficiently with higher scalability than Cardano: Polygon, Terra, Algorand, Elrond. The academic researcher crowd that Cardano was targeting has moved onto supporting Algorand. Even if Cardano releases a working DEX, they're technologically-behind their competitors. > > **Fees**: > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.40 - 0.50 USD as of Mar 2022. While these are cheaper than current Bitcoin network transaction fees of ~2-4 USD and much cheaper than Ethereum network transaction fees of 2-20+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $2+ due to processing fees. > > **Diminishing Staking Rewards in the long run**: > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/vpazdp/monthly_optimists_discussion_july_2022/).

Harucifer

Several coins already failed to re-reach their ATHs. LTC, XRP, DASH, EOS to name a few. These were all once in the top10 by marketcap.

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). Their reputation was hurt badly after the [Cardstarter scandal](https://cardanofeed.com/cardstarter-and-sundaeswap-a-falling-out-story-42690.html) where SundaeSwap cheated their Cardstarter partner of initial rewards, in addition to rumors of front-running. > * **MinSwap** has now [doubled SundaeSwap in total locked value](https://defillama.com/chain/Cardano) in only 3 weeks, but even this DEX only sees a couple of million USD worth of swaps daily. No other Cardano DEX even come close in size. Compare this to a whopping [$1.2 billion daily volume for Ethereum network's Uniswap](https://coinranking.com/exchanges). In their defense, it's only been 1-2 months, so it could just take time to grow. Another downside is that neither of these exchanges natively support the most popular Cardano wallet, Yoroi. Instead, you have to install specialized extensions to use these DEXs due to DEX design complexities. > > **Scaling issues** > > * **Transaction speed**: ADA's current maximum transaction speed is about 8 TPS, which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without additional updates. While this was fine before the Alonso update, after the release of smart contracts, the network has become very congested. Top scaling is 1000 TPS without Hydra Layer 2 scaling. This is still nowhere near the limits needed for global adoption on Layer 1. Many of its competitors like Solana, Polygon, Algorand, and Terra, have surpassed its TPS. > * **Scaling** via Hydra and sharding is far away on their timeline (Basho update maybe Q2 2022 if there are no further delays). Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. We still have scant information of the protocol on a detailed level. > * **Storage inefficiency**: Cardano: [12.26M transactions in 10.76 GB](https://blockchair.com/cardano) = 880 bytes / transaction. Ethereum: [1.27B transactions in 279 GB](https://blockchair.com/ethereum) = 218 bytes / transaction. Ethereum is 4x more storage-efficient even before Cardano releases smart contracts. If Cardano were to scale to 1000 TPS, it would increase its blocksize by at least 30 TB per year. > > > **Competitors** > > * Cardano's development has been extremely slow and delayed so much that its competitors have caught up: Cardano has fallen from #3 in market cap to #6 last year after Solana passed it, and it has further fallen to #8. There are so many (monolithic Layer 1) Ethereum competitors that can already do smart contracts with DEXs more efficiently with higher scalability than Cardano: Polygon, Terra, Algorand, Elrond. The academic researcher crowd that Cardano was targeting has moved onto supporting Algorand. Even if Cardano releases a working DEX, they're technologically-behind their competitors. > > **Fees**: > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.40 - 0.50 USD as of Mar 2022. While these are cheaper than current Bitcoin network transaction fees of ~2-4 USD and much cheaper than Ethereum network transaction fees of 2-20+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $2+ due to processing fees. > > **Diminishing Staking Rewards in the long run**: > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/vpazdp/monthly_optimists_discussion_july_2022/).

Corp-Por

> especially since Vitalik talked about it, Never trust influencers friend, always DYOR and make your own conclusions! Since investing in DCR in 2016, it has never disappointed me. First true DAO, upgrades (HFs) are voted as intended, code is always 100% quality No bugs no nothing. Staking while keeping my keys **As for disappointments**, there are too many to list. BlockNet is the biggest one I suppose. They keep changing directions and once they're a fork of DASH, then a fork of BTC, then something else.

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). Their reputation was hurt badly after the [Cardstarter scandal](https://cardanofeed.com/cardstarter-and-sundaeswap-a-falling-out-story-42690.html) where SundaeSwap cheated their Cardstarter partner of initial rewards, in addition to rumors of front-running. > * **MinSwap** has now [doubled SundaeSwap in total locked value](https://defillama.com/chain/Cardano) in only 3 weeks, but even this DEX only sees a couple of million USD worth of swaps daily. No other Cardano DEX even come close in size. Compare this to a whopping [$1.2 billion daily volume for Ethereum network's Uniswap](https://coinranking.com/exchanges). In their defense, it's only been 1-2 months, so it could just take time to grow. Another downside is that neither of these exchanges natively support the most popular Cardano wallet, Yoroi. Instead, you have to install specialized extensions to use these DEXs due to DEX design complexities. > > **Scaling issues** > > * **Transaction speed**: ADA's current maximum transaction speed is about 8 TPS, which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without additional updates. While this was fine before the Alonso update, after the release of smart contracts, the network has become very congested. Top scaling is 1000 TPS without Hydra Layer 2 scaling. This is still nowhere near the limits needed for global adoption on Layer 1. Many of its competitors like Solana, Polygon, Algorand, and Terra, have surpassed its TPS. > * **Scaling** via Hydra and sharding is far away on their timeline (Basho update maybe Q2 2022 if there are no further delays). Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. We still have scant information of the protocol on a detailed level. > * **Storage inefficiency**: Cardano: [12.26M transactions in 10.76 GB](https://blockchair.com/cardano) = 880 bytes / transaction. Ethereum: [1.27B transactions in 279 GB](https://blockchair.com/ethereum) = 218 bytes / transaction. Ethereum is 4x more storage-efficient even before Cardano releases smart contracts. If Cardano were to scale to 1000 TPS, it would increase its blocksize by at least 30 TB per year. > > > **Competitors** > > * Cardano's development has been extremely slow and delayed so much that its competitors have caught up: Cardano has fallen from #3 in market cap to #6 last year after Solana passed it, and it has further fallen to #8. There are so many (monolithic Layer 1) Ethereum competitors that can already do smart contracts with DEXs more efficiently with higher scalability than Cardano: Polygon, Terra, Algorand, Elrond. The academic researcher crowd that Cardano was targeting has moved onto supporting Algorand. Even if Cardano releases a working DEX, they're technologically-behind their competitors. > > **Fees**: > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.40 - 0.50 USD as of Mar 2022. While these are cheaper than current Bitcoin network transaction fees of ~2-4 USD and much cheaper than Ethereum network transaction fees of 2-20+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $2+ due to processing fees. > > **Diminishing Staking Rewards in the long run**: > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/vpazdp/monthly_optimists_discussion_july_2022/).

Future-Goose7

This is why I would like to go for low-caps like OCEAN, XEM, FIL, and DASH. More ROI when they hit ATM. But most of them don't have anything to show again except OCEAN, which is still building.

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). Their reputation was hurt badly after the [Cardstarter scandal](https://cardanofeed.com/cardstarter-and-sundaeswap-a-falling-out-story-42690.html) where SundaeSwap cheated their Cardstarter partner of initial rewards, in addition to rumors of front-running. > * **MinSwap** has now [doubled SundaeSwap in total locked value](https://defillama.com/chain/Cardano) in only 3 weeks, but even this DEX only sees a couple of million USD worth of swaps daily. No other Cardano DEX even come close in size. Compare this to a whopping [$1.2 billion daily volume for Ethereum network's Uniswap](https://coinranking.com/exchanges). In their defense, it's only been 1-2 months, so it could just take time to grow. Another downside is that neither of these exchanges natively support the most popular Cardano wallet, Yoroi. Instead, you have to install specialized extensions to use these DEXs due to DEX design complexities. > > **Scaling issues** > > * **Transaction speed**: ADA's current maximum transaction speed is about 8 TPS, which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without additional updates. While this was fine before the Alonso update, after the release of smart contracts, the network has become very congested. Top scaling is 1000 TPS without Hydra Layer 2 scaling. This is still nowhere near the limits needed for global adoption on Layer 1. Many of its competitors like Solana, Polygon, Algorand, and Terra, have surpassed its TPS. > * **Scaling** via Hydra and sharding is far away on their timeline (Basho update maybe Q2 2022 if there are no further delays). Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. We still have scant information of the protocol on a detailed level. > * **Storage inefficiency**: Cardano: [12.26M transactions in 10.76 GB](https://blockchair.com/cardano) = 880 bytes / transaction. Ethereum: [1.27B transactions in 279 GB](https://blockchair.com/ethereum) = 218 bytes / transaction. Ethereum is 4x more storage-efficient even before Cardano releases smart contracts. If Cardano were to scale to 1000 TPS, it would increase its blocksize by at least 30 TB per year. > > > **Competitors** > > * Cardano's development has been extremely slow and delayed so much that its competitors have caught up: Cardano has fallen from #3 in market cap to #6 last year after Solana passed it, and it has further fallen to #8. There are so many (monolithic Layer 1) Ethereum competitors that can already do smart contracts with DEXs more efficiently with higher scalability than Cardano: Polygon, Terra, Algorand, Elrond. The academic researcher crowd that Cardano was targeting has moved onto supporting Algorand. Even if Cardano releases a working DEX, they're technologically-behind their competitors. > > **Fees**: > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.40 - 0.50 USD as of Mar 2022. While these are cheaper than current Bitcoin network transaction fees of ~2-4 USD and much cheaper than Ethereum network transaction fees of 2-20+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $2+ due to processing fees. > > **Diminishing Staking Rewards in the long run**: > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/vpazdp/monthly_optimists_discussion_july_2022/).

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). Their reputation was hurt badly after the [Cardstarter scandal](https://cardanofeed.com/cardstarter-and-sundaeswap-a-falling-out-story-42690.html) where SundaeSwap cheated their Cardstarter partner of initial rewards, in addition to rumors of front-running. > * **MinSwap** has now [doubled SundaeSwap in total locked value](https://defillama.com/chain/Cardano) in only 3 weeks, but even this DEX only sees a couple of million USD worth of swaps daily. No other Cardano DEX even come close in size. Compare this to a whopping [$1.2 billion daily volume for Ethereum network's Uniswap](https://coinranking.com/exchanges). In their defense, it's only been 1-2 months, so it could just take time to grow. Another downside is that neither of these exchanges natively support the most popular Cardano wallet, Yoroi. Instead, you have to install specialized extensions to use these DEXs due to DEX design complexities. > > **Scaling issues** > > * **Transaction speed**: ADA's current maximum transaction speed is about 8 TPS, which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without additional updates. While this was fine before the Alonso update, after the release of smart contracts, the network has become very congested. Top scaling is 1000 TPS without Hydra Layer 2 scaling. This is still nowhere near the limits needed for global adoption on Layer 1. Many of its competitors like Solana, Polygon, Algorand, and Terra, have surpassed its TPS. > * **Scaling** via Hydra and sharding is far away on their timeline (Basho update maybe Q2 2022 if there are no further delays). Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. We still have scant information of the protocol on a detailed level. > * **Storage inefficiency**: Cardano: [12.26M transactions in 10.76 GB](https://blockchair.com/cardano) = 880 bytes / transaction. Ethereum: [1.27B transactions in 279 GB](https://blockchair.com/ethereum) = 218 bytes / transaction. Ethereum is 4x more storage-efficient even before Cardano releases smart contracts. If Cardano were to scale to 1000 TPS, it would increase its blocksize by at least 30 TB per year. > > > **Competitors** > > * Cardano's development has been extremely slow and delayed so much that its competitors have caught up: Cardano has fallen from #3 in market cap to #6 last year after Solana passed it, and it has further fallen to #8. There are so many (monolithic Layer 1) Ethereum competitors that can already do smart contracts with DEXs more efficiently with higher scalability than Cardano: Polygon, Terra, Algorand, Elrond. The academic researcher crowd that Cardano was targeting has moved onto supporting Algorand. Even if Cardano releases a working DEX, they're technologically-behind their competitors. > > **Fees**: > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.40 - 0.50 USD as of Mar 2022. While these are cheaper than current Bitcoin network transaction fees of ~2-4 USD and much cheaper than Ethereum network transaction fees of 2-20+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $2+ due to processing fees. > > **Diminishing Staking Rewards in the long run**: > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/vpazdp/monthly_optimists_discussion_july_2022/).

Lunar_Horticulture

Thank you OP, going all in on ICP, XEM & DASH. What goes down must come up, right?

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). Their reputation was hurt badly after the [Cardstarter scandal](https://cardanofeed.com/cardstarter-and-sundaeswap-a-falling-out-story-42690.html) where SundaeSwap cheated their Cardstarter partner of initial rewards, in addition to rumors of front-running. > * **MinSwap** has now [doubled SundaeSwap in total locked value](https://defillama.com/chain/Cardano) in only 3 weeks, but even this DEX only sees a couple of million USD worth of swaps daily. No other Cardano DEX even come close in size. Compare this to a whopping [$1.2 billion daily volume for Ethereum network's Uniswap](https://coinranking.com/exchanges). In their defense, it's only been 1-2 months, so it could just take time to grow. Another downside is that neither of these exchanges natively support the most popular Cardano wallet, Yoroi. Instead, you have to install specialized extensions to use these DEXs due to DEX design complexities. > > **Scaling issues** > > * **Transaction speed**: ADA's current maximum transaction speed is about 8 TPS, which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without additional updates. While this was fine before the Alonso update, after the release of smart contracts, the network has become very congested. Top scaling is 1000 TPS without Hydra Layer 2 scaling. This is still nowhere near the limits needed for global adoption on Layer 1. Many of its competitors like Solana, Polygon, Algorand, and Terra, have surpassed its TPS. > * **Scaling** via Hydra and sharding is far away on their timeline (Basho update maybe Q2 2022 if there are no further delays). Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. We still have scant information of the protocol on a detailed level. > * **Storage inefficiency**: Cardano: [12.26M transactions in 10.76 GB](https://blockchair.com/cardano) = 880 bytes / transaction. Ethereum: [1.27B transactions in 279 GB](https://blockchair.com/ethereum) = 218 bytes / transaction. Ethereum is 4x more storage-efficient even before Cardano releases smart contracts. If Cardano were to scale to 1000 TPS, it would increase its blocksize by at least 30 TB per year. > > > **Competitors** > > * Cardano's development has been extremely slow and delayed so much that its competitors have caught up: Cardano has fallen from #3 in market cap to #6 last year after Solana passed it, and it has further fallen to #8. There are so many (monolithic Layer 1) Ethereum competitors that can already do smart contracts with DEXs more efficiently with higher scalability than Cardano: Polygon, Terra, Algorand, Elrond. The academic researcher crowd that Cardano was targeting has moved onto supporting Algorand. Even if Cardano releases a working DEX, they're technologically-behind their competitors. > > **Fees**: > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.40 - 0.50 USD as of Mar 2022. While these are cheaper than current Bitcoin network transaction fees of ~2-4 USD and much cheaper than Ethereum network transaction fees of 2-20+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $2+ due to processing fees. > > **Diminishing Staking Rewards in the long run**: > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/vpazdp/monthly_optimists_discussion_july_2022/).

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). Their reputation was hurt badly after the [Cardstarter scandal](https://cardanofeed.com/cardstarter-and-sundaeswap-a-falling-out-story-42690.html) where SundaeSwap cheated their Cardstarter partner of initial rewards, in addition to rumors of front-running. > * **MinSwap** has now [doubled SundaeSwap in total locked value](https://defillama.com/chain/Cardano) in only 3 weeks, but even this DEX only sees a couple of million USD worth of swaps daily. No other Cardano DEX even come close in size. Compare this to a whopping [$1.2 billion daily volume for Ethereum network's Uniswap](https://coinranking.com/exchanges). In their defense, it's only been 1-2 months, so it could just take time to grow. Another downside is that neither of these exchanges natively support the most popular Cardano wallet, Yoroi. Instead, you have to install specialized extensions to use these DEXs due to DEX design complexities. > > **Scaling issues** > > * **Transaction speed**: ADA's current maximum transaction speed is about 8 TPS, which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without additional updates. While this was fine before the Alonso update, after the release of smart contracts, the network has become very congested. Top scaling is 1000 TPS without Hydra Layer 2 scaling. This is still nowhere near the limits needed for global adoption on Layer 1. Many of its competitors like Solana, Polygon, Algorand, and Terra, have surpassed its TPS. > * **Scaling** via Hydra and sharding is far away on their timeline (Basho update maybe Q2 2022 if there are no further delays). Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. We still have scant information of the protocol on a detailed level. > * **Storage inefficiency**: Cardano: [12.26M transactions in 10.76 GB](https://blockchair.com/cardano) = 880 bytes / transaction. Ethereum: [1.27B transactions in 279 GB](https://blockchair.com/ethereum) = 218 bytes / transaction. Ethereum is 4x more storage-efficient even before Cardano releases smart contracts. If Cardano were to scale to 1000 TPS, it would increase its blocksize by at least 30 TB per year. > > > **Competitors** > > * Cardano's development has been extremely slow and delayed so much that its competitors have caught up: Cardano has fallen from #3 in market cap to #6 last year after Solana passed it, and it has further fallen to #8. There are so many (monolithic Layer 1) Ethereum competitors that can already do smart contracts with DEXs more efficiently with higher scalability than Cardano: Polygon, Terra, Algorand, Elrond. The academic researcher crowd that Cardano was targeting has moved onto supporting Algorand. Even if Cardano releases a working DEX, they're technologically-behind their competitors. > > **Fees**: > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.40 - 0.50 USD as of Mar 2022. While these are cheaper than current Bitcoin network transaction fees of ~2-4 USD and much cheaper than Ethereum network transaction fees of 2-20+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $2+ due to processing fees. > > **Diminishing Staking Rewards in the long run**: > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/vpazdp/monthly_optimists_discussion_july_2022/).

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Cons** > > **Current state of Cardano Smart Contracts and DEXs**: > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **DEX rollout** in the past 6 months was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of t