Input Output Global (IOG) CEO Charles Hoskinson won a $50,000 bet, with Polymarket, on Cardano launching smart agreements on time. The earnings will go to a charity of Hoskinson’s option.
So given that @PolymarketHQ lost, they need to contribute $50,000 to the charity of my option. I thought of it and discovered a little one with a truly great heart https://t.co/dIgeqCrEuK
— Charles Hoskinson (@IOHK_Charles) September 13, 2021
Given IOG’s irregular history with conference rollout due dates, some had actually questioned whether smart agreements would be live on due date day. Nonetheless, Alonzo smart agreements formally released late Sunday night.
But how did Polymarket, and other doubters, react?
Cardano and the clinical approach
It’s popular that Cardano’s “scientific method” focuses on responsibility, repeatable procedures, and iterative screening. While that’s all great and well, the drawback to this is frequently sluggish development.
This emerged in 2015, as IOG remained in the procedure of launching the Shelley stage. Delayed due dates drew much criticism on the premises that Cardano was all talk however no compound.
Hoskinson has on lots of events protected the clinical method to constructing blockchains. He stated his concern depends on getting things right the very first time around.
Commenting on this just recently, Hoskinson stated this is the fully grown and accountable method to nullify system failure. Which, in the long run, advantages users in regards to avoiding loss.
Comparing this to Ethereum’s heuristic method, Hoskinson stated:
“I just happen to believe the way we do things is a bit more mature and responsible because the way that we do things results in a better assurance that the systems we build won’t fail.”
A heuristic method describes analytical by any and all ways, even faster ways, to get things done. Those services might not be perfect, however they will do under the scenarios.
Polymarket explains itself as “an information markets platform that lets you trade on the world’s most highly-debated topics (e.g. coronavirus, politics, current events, etc).” Incidentally, it runs on the Ethereum blockchain.
On losing the bet with Hoskinson, Polymarket made great on the offer and happily accepted they were incorrect about smart agreements on Cardano not launching on time.
At Polymarket, we believe in giving credit where it’s due & sticking to our word. We stand corrected & donated $50k on behalf of@IOHK_Charles& the Cardano Community.”
Hoskinson picked the Magic Yarn Project, which assists kids fighting cancer by crafting character wigs to cover loss of hair due to chemotherapy treatment.
But that’s not all. The Co-founder of Polygon, Sandeep Nailwal, likewise took the bet that Cardano would not make it. This time for a $20,000 wager.
Although Hoskinson has actually triggered Nailwal, up until now, he has actually stopped working to react.
Come on, Sandeep, it’s time to pay up.
Looks like we got another contribution coming https://t.co/Km6gsL8S6i
— Charles Hoskinson (@IOHK_Charles) September 14, 2021
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