Blockchain
By Steven Anderson
1 / 11
The top question on the Cardano Subreddit: Get Charles to play the Devil’s Advocate on Cardano, if it is going to fail what would the failure look like and what are the…
2 / 11
Okay, failure – I think one of the project goals is to achieve self-evolution. So, if it doesn’t evolve itself iteration by iteration, then obviously the product did not do what…
3 / 11
The good news is that we have a lot of data showing the opposite. You know we used to run a federated model and now we are completely decentralized with block production.
4 / 11
But there is no guarantee that would be sustainable. And, there is no guarantee that the next step the governance step would achieve what we want.
5 / 11
And, in our case, our business is systems and societies. We are offering to the world a vision of how to run humanity in a different way.
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Another failure scenario would be this system evolves in the wrong direction. So it is self-evolving but it goes in to a more centralized in an Estopian way and that is…
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Estopian way: A small group of actors who had total control over who gets to use the system and how they get to use the system and your use of the system is moderated and…
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Social Credit Channels in China, is an example of that, a small group of people have access to that and your experience in the Chinese society is determined by it.
9 / 11
And, another could be the network effects, where the inputs don’t match the outputs and you lose more than you gain and then the system gains.
10 / 11
Our Evangelism is unbelievable in the Cardano community. I think we never want the tattoos.
11 / 11
Does that community sustain itself? Will the community not do the mistake of bitcoin that is toxic and maximalist?
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