Yeah, he basically didn’t say anything. He could’ve explained why he believes it’s technically feasible instead of postponing his explanation.
Yes talk it out. But note that what this guy is saying doesn’t make any sense. So it’s very likely he gets exposed during the conversation, at which point the community should reconsider this funding, not to mention the entire current Catalyst process
Which need to be approved even before the first payment is sent. Thus, given that Daedalus Turbo is technically not feasible, they probably won't get a single dime.
I'd also like to point out - The Daedalus Turbo proposal got a perfect 5 star rating from VPA's. But if it was (5 star) perfectly feasible to cut Daedalus' synching time by ~90% for under $750k, that begs the question of why IOHK hasn't done it already.
So far, we only downvoted the proposal "Daedalus Turbo" because is exactly what Mithril archives to solve. Full node security in lightweight wallets.
And for the asked funds, in our opinion, that $ can be better allocated.
#Cardano
I just completed the analysis Rick.
Gap = Daedalus sync is slow
Remedies = Turbo or Mithril
Conclusion
Daedalus Turbo is not required or worth the outlay. Mithril is in progress and should help address the Gap.
I will post my bill.
I like how the proposal guarantees a "10x" synching speed improvement on core infrastructure, then outlines a series of "experiments" to be completed by an anonymous team of freelancers. 5 stars ... Can't wait for DIDs 4 VPAs and boards of subject matter experts to advise them.
The amount of dumb stuff that gets voted. We barely missed funding, is what it is for our category. But some schmuck getting almost $1mil for “Daedalus Turbo” is a completely broken system.
By the way, you all know that #Cardano #Mithril can bootstrap a cardano-node if needed, this is as "TURBO" as it gets, just saying...
What do you think Daedalus runs on? it's a cardano-node wrapped with a UI, this is why it's "slow" to sync.
mithril.network/doc/manual/get…
I think the real issue is: how did it ever get a 5.0 rating from only 7 voters, when there is 3/4 of a million ada at stake? IMO after this round we need a break and seriously discuss catalyst and all its flaws.
The "Daedalus Turbo"-proposal looks extremly suspect to be. There are 2k wallet which voted and despite that over 230M $ADA voted against it, it has a + of over 60M $ADA. Also me and probably most other people never heard of Alex Sierkov before.
#Cardano $ADA #ProjectCatalyst
The proposal Daedalus Turbo is actually infeasible in the current state, which got funded
The step involved in the #ProjectCatalyst to prevent such an event is the proposal finalizing stage
Where veteran proposal assessors (vPAs) give green light to proposals for voting stage
Daedalus Turbo just got funded for building a technically infeasible product
Total funds allocated USD 759000
That is 6% of the total catalyst budget, allocated to a team/person with no experience in #blockchain development
Reddit comment
Cardano will already get Mithril. This seems like a waste of funds.
Jane, come on. Rick, Berry & many other Cardano OGs have already said Daedalus Turbo is a non starter. It CAN’T work unless you wanna throw out all the security walls built into Daedalus.
You might as well come to the fact now that this guy Alex just swindled catalyst for $760k
This part is very weird. Seems like he doesn't know Daedalus downloads blocks via the N2N protocol which verifies each block and of course that slows down the sync a bit. His solution seems to bypassing that, which actually doesn't gurantee full node security anymore...
Some guy proposed some Mumbo Jumbo called Daedalus Turbo, asking for 700k $ADA funding, 2,000 wallets voted on it, mostly AGAINST it, but because some whales voted PRO, it passed, which p!ss3d off a lot of community members.
A proper gap analysis would have likely determined Cardano does not need a “Daedalus Turbo”.
(quite possibly, not for certain)
Hey so… Catalyst is broken in it’s current state. Cannot believe some of the projects and proposals that secured funding over ones that didn’t. What in the absolute fuck is Daedalus Turbo 😂
🤬 what the f*ck? the useless "daedalus turbo 10x" proposal got funded with $759000, but none of the koios proposals or for example typhon wallet mobile app. i am speechless 😳
It was mentioned a few times here on Twitter actually. I thought it's so obvious crap that never gets funded so I don't have to jump on the train. Maybe I was wrong here.
Turbo Daedalus is a prime example of why the technology matters.
Else you have degens voting for stupid shit that sounds cool, not realizing we're giving away millions of dollars to scammers.
3) Direct democracy has its downside.
Occasionally, you will get a Daedalus Turbo result that will cause experts to face palm. 🤦♂️
A by-choice representative system (where you can choose to delegate your votes to an expert or not) may make more sense in the long run.
In IdeaScale cardano.ideascale.com/c/idea/414953 Alex received clever comments, for example, Nikhil Shetty suggested a reduced amount for an investigation proposal and Lucas Cavalcante explained the solution from IOG is Mithral.
So, the collective intelligence of the community was working...
Dude, that says a lot about the entire Cardano infrastructure? Is there anything slower than that?
Look, I'm not the only one who sees this. Desperate people voted for a scam just because it was called "Daedalus Turbo" 🥲
What is shocking about Turbo Daedalus is not just the wrong solution to the problem, but how it managed to pass the #PojectCatalyst "filters".
Alex Sierkov linkedin.com/in/alexsierkov got funded $750k (10% of the ecosystem's most critical category) without even dev team information
For instance some art NFT or gaming proposal would be low tier and open to all.. where higher level abstraction such as Daedalus turbo and its relation to Mithril would be out of the hands of those who don't have the technical knowledge to understand the difference..
Inquiring minds would love to know
Identity of the person is unknown, they’ve previously been funded for a project that has done fuck all in months.
The only question that needs answering, is it a full node that the user syncs?
If the answer is no then he isn’t building Daedalus turbo it’s that simple.
He’s building a wallet with different trust assumptions to Daedalus so don’t use it’s name in the proposal.