No one is going to use it to do anything, but it's sitting up at 15 bil market cap. Currently operates at a whopping 5 to 7 TPS, which makes it as bad as bitcoin for the time being in transaction volume.
On the forums, they are feeding us fairy tales of a billion transactions per second. They need to demonstrate that on a test network. Even if it does a billion TPS, what's the response time for a blockchain event? Less than 3 seconds?
I certainly could do more research, but the crypto market loves to bid-up junk projects with fancy websites and technical specifications making huge promises while currently delivering nothing. This looks like one to me.
EOS to me is different because Dan has built 2 other long-term successful projects that deliver on promises. So if he promises something, I'm apt to believe it where other projects could take 5 years to deliver on their promises and become obsolete while they are building them out. Will Cardano be running 1 billion transactions per second before June 2018? That's when EOS goes live with 1 million tps and sub 3 second response times. Cardano will probably still be twiddling its thumbs under 100 tps.
RE: BTC Daily Market Analysis - 12/30/2017 - Looks not so good!