Enter Output World (IOG) CEO Charles Hoskinson gained a $50,000 wager, with Polymarket, on Cardano launching good contracts on time. The proceeds will go to a charity of Hoskinson’s alternative.
— Charles Hoskinson (@IOHK_Charles) September 13, 2021
Given IOG’s patchy historical past with assembly rollout deadlines, some had questioned whether or not good contracts can be reside on deadline day. Nonetheless, Alonzo good contracts formally launched late Sunday night.
However how did Polymarket, and different skeptics, reply?
Cardano and the scientific technique
It’s well-known that Cardano’s “scientific technique” focuses on accountability, repeatable processes, and iterative testing. Whereas that’s all good and nicely, the draw back to that is usually sluggish progress.
This grew to become obvious final yr, as IOG was within the means of launching the Shelley phase. Delayed deadlines drew a lot criticism on the grounds that Cardano was all speak however no substance.
Hoskinson has on many events defended the scientific method to constructing blockchains. He mentioned his precedence lies in getting issues proper the primary time round.
Commenting on this lately, Hoskinson mentioned that is the mature and accountable method to nullify system failure. Which, in the long term, advantages customers by way of stopping loss.
Evaluating this to Ethereum’s heuristic method, Hoskinson mentioned:
“I simply occur to consider the best way we do issues is a little more mature and accountable as a result of the best way that we do issues leads to a greater assurance that the techniques we construct gained’t fail.”
A heuristic method refers to problem-solving by any and all means, even shortcuts, to get issues carried out. These options might not be best, however they may do underneath the circumstances.
Polymarket describes itself as “an info markets platform that allows you to commerce on the world’s most highly-debated matters (e.g. coronavirus, politics, present occasions, and so on).” By the way, it runs on the Ethereum blockchain.
On dropping the wager with Hoskinson, Polymarket made good on the deal and graciously accepted they have been mistaken about good contracts on Cardano not launching on time.
At Polymarket, we consider in giving credit score the place it’s due & sticking to our phrase. We stand corrected & donated $50ok on behalf of@IOHK_Charles& the Cardano Group.”
Hoskinson chosen the Magic Yarn Project, which helps youngsters battling most cancers by crafting character wigs to cowl hair loss on account of chemotherapy remedy.
However that’s not all. The Co-founder of Polygon, Sandeep Nailwal, additionally took the wager that Cardano wouldn’t make it. This time for a $20,000 wager.
Though Hoskinson has prompted Nailwal, thus far, he has failed to reply.
Come on, Sandeep, it’s time to pay up.
Seems like we obtained one other donation coming https://t.co/Km6gsL8S6i
— Charles Hoskinson (@IOHK_Charles) September 14, 2021
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