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on this channel we do everything we can to give you the most information about projects we can and today we're bringing in an expert ethereum developer to tell us the technology side of ethereum and maybe some of the problems it might face in the future but we're also going to talk about between cardano and dot which one's got the best chance to knock off eth let's get it bid swap is the hottest new way to trade tokens following all the top decentralized exchanges biswap gets you the very best price and value for your trades bitswap is changing the game try it now at bitswapdex.io hey everybody today i'm joined with a real live ethereum developer who also has great knowledge of cardano we're going to get the inside scoop on the battle between these two smart contract giants and who knows we may talk about polka dot we're joined here by hashoshi how are you doing today living the dream how's it going thanks for having me oh it's going great now we say this every time we do a collaboration but we're going to say it again here a lot of people don't know this uh this was my first collaboration the first person on youtube i ever talked to in crypto we were how many subscribers do we both have do you remember i was like we had like 300 subscribers we like got in touch via gmail in the old bitboy bitboy and hotel gmail.com that's right that's right now at that time let's be fair fair here i had 450 subscribers you got 300. okay fair fair i'm just saying i've always been i've always been chasing man and now the race is over you were ahead of me at one point yeah it was a short period yeah it was kind of like bitcoin going above 40k you know who shows you getting ahead of me and then except you didn't go down so so glad to be joined by you are a developer and you've got a lot of inside knowledge about things uh you know since you're on that side of things everybody knows i'm not a developer uh i i don't get into the coding and that's not how i got into crypto but a question a lot of people have is cardano versus ethereum and then you know we might do you know much about polka dot we touch on that at the end maybe yeah we can touch on that i have some knowledge of polka dot awesome okay so let's start with ethereum versus cardnano i did a recent video on talking about the price action of these three projects and saying how you know i think ethereum is probably the best especially for new investors but this is a little more about the the back end of things tell us a little bit from the developer perspective of how ethereum compares to cardano that's a good question well i think the first thing anyone who is an ethereum loyal fan would say is right now here we stand ethereum has proven that it can be used to build high quality dapps you have d5 really popular things like uniswap ethereum focused and the foundation of those you know protocols are ethereum no doubt solidity has existed for a long time as a programming language you can use to build smart contracts and make cool stuff no doubt the developer tooling ecosystem is also great in ethereum and the community is great cardano though was designed i guess from the very beginning as sort of a counterpoint to the way that ethereum works which is move fast and break things let's just let's just create cutting edge stuff and get it into people's hands whereas you know cardano on the other hand said let's create a really safe predictable functional programming language that's a lot different than solidity it's formally verified which basically means it operates predictably in a simplified sense and so they've been working on that for a long time and we're now getting to the point where cardano is about to drop all of that functionality for smart contracts onto the world um in the form of their development era that they call gogen and so the initial argument is well ethereum has it and has had smart contracts for a long time cardano doesn't even have it yet so there's no comparison but i think in this space we're so early still that it's fair to talk about what is what will be and what the landscape is going to look like five years from now and where people want to build stuff so that's my initial take i'll let you react yeah so i think that's very interesting and this is kind of uh this is kind of how i think of it you know which is uh it's much easier to build a house from scratch than it is to build a house and remodel it you know correct um to get it how you want it to be right now obviously building a house takes a long time uh but if you build it and then you gotta re-gut the whole thing and kind of do it then that's not gonna be optimal and it's much easier to just start with a foundation that's strong and then build up and i feel like ethereum right now is the house that's getting the remodel and cardano is the house that's almost finished right now it's almost been built everything is where they want it to be so here's the only issue though which is you know for this for the people that love cardano for from an investment perspective i mean i don't know if it's going to get any real advantages from that standpoint during this bull run but when we project out five years down the road i i'm really like kind of more bullish on cardona than i am ethereum uh for that very reason uh what do you do you see and i know you don't talk about prize a lot on your channel i understand that what what's that yeah i was just saying less yes but you know it's always in the conversation it's always it's impossible for it not to be how do you how do you see is from the developer standpoint the relationship between the quality of these projects and and the price and and you know predict you don't have to predict a number but just in the prediction for the future prices of these what does that have to do with the actual quality of what's being built yeah i think if you carry that same analogy that you were that you were talking about before like you know rebuilding a house gutting it and building it from scratch which is largely what's happening with keith 2.0 and then someone who looks at this house that was ethereum and says let's build every element of that in a way that we think is better there are two different challenges ethereum's main you know main advantage is they have the builders and the buyers already people are already invested in the ethereum ecosystem that's people like me someone who learned solidity early on someone who's built dapps someone who you know has done consulting in in regards to how to use ethereum to solve problems and then you also though have on the other side is that those builders and those buyers need to i guess not get locked out because of the temporary performance limitations that they're going to have before each 2.0 is there right and ready whereas with cardano you've got this interesting thing where they they're going to have the tools and they're going to have the sort of the runway to build really cool stuff that you probably can't build on ethereum 1.0 as they call it the trick is going to be to get the builders and the buyers you need the users who are going to use the dapps and the developers who are going to build the dapps and you create this virtuous cycle where more users means more adapt developers which means more users and it keeps going round and round and round that is the difficult part and i think it's interesting to look at case studies like elrond who have really really solid tech fundamentals right really solid and you know as someone who's a fan of technology that's how i got into space i really like what elrond's doing but they also have a tough path ahead because the hard part isn't building the tech that's hard enough the hard part is getting dap developers to build stuff and then users to come to bring more developers like that is the really hard thing building an active community really is well they say that elrond has the number two most engaged community in cryptocurrency outside of which project you think probably cardano barely good job he knows his stuff guys well i mean you had to know it was either that or a three i mean ethereum has the biggest development community but in terms of engagement from the community itself i mean ethereum by its numbers are probably higher but in terms of the you know rate of engagement it's much higher for those two projects so it's very interesting that you brought up elrond we're very bullish on elrond we did a video on this uh recently we think it's got potential to get up to the top 10 uh for sure another project that definitely compares to ethereum and cardano is polka dot now here here's my 30 000 foot view of polka dot and how to explain it uh it basically solves a lot of the same problems that ethereum had the cardano has the difference is it's built to be reverse compatible with the entire ethereum ecosystem but of course ethereum is not compatible to the polka dot ecosystem is that correct more or less yeah i mean if you think about polka dot it's a play i think gavin wood who actually was formerly with the ethereum foundation who helped scaffold out a lot of the early aetherium stuff including solidity yeah and just tear it out here terrible had a terrible haircut but i will tell you building polka dot excuses that um and uh the whole vision is he basically says it's a bet against blockchain maximalism which i'm a huge proponent of you know people are like oh well if you're really invested in ethereum why do you support and like cardano or elrond because i don't think that this the world is going to be ruled by one protocol i think there's room for a lot of these to succeed in an environment that's not mutually exclusive and polka dot i think is and also cosmos to an extent i like cosmos as well it's a bet on a multi-blockchain protocol world which i think is where we're going and that's why polkadot and cosmos and the other interop projects you know even things like icon i think have have potential and they should be in the conversation but not in the conversation in the sense that polka dots an ethereum killer or cosmos is an ethereum killer because i think that that rhetoric is just overdone and it's not it runs counter to the whole idea of what i think everyone wants and everyone shares the belief in which is that we need decentralized tech that people can use and that makes the world a better place period sounds cliche but well this moment i've just decided and the people probably see this is that this video's title has got to be hashoshi reveals the next ethereum killer right that has to be it so i may or may not use this people who are here will know by the time they watch but so and that brings something of an interesting idea that i had which was going to ask you i guess you kind of just stated your opinion on it which is do you believe in one of these winning or do you believe in a world where all of them share market share and you obviously you know have already answered that so i don't have to ask it but i got to ask this there will be one of these projects that has the most market share there there will be every industry in the world there's one that has the most if you got to pick between these three between cardano ethereum and polka dot for the long term not just you know for the next year but you know six years seven years eight years ten years down the road which one of these has the most market share between inclusive of polka dot two yes polka dot ethereum i would say of all of them the most likely statistically in my mind is ethereum and i say that exclusively because as long as they deliver the tech that they're promising which is by far not a guarantee right it's never a guarantee building software is hard they have the the intangible things that makes a protocol successful and they have a mature ecosystem around ethereum that if they deliver the tech that they're promising i don't see that they can be fully unseated uh in a majority way i i don't yeah that's that's really definitely interesting so hishoshi reveals the next ethereum killer is ethereum yeah right there you go there's the paradox title that we're looking for there it is uh so yeah very interesting i i kind of agree with you know most of what you're saying i think that the interesting thing like yes statistically i would agree with you that ethereum should have the front you know the first movers advantage that's what we see with bitcoin it's still there i think it's going to last i don't think that first movers advantage for bitcoin is going to go anywhere because it's firmly secured itself is basically a gold alternative so for ethereum i think that a lot of the institutional money that's coming in now is coming to ethereum i think that could be another advantage that it has however the caveat to this would be if ethereum 2.0 is not launched let's say by the next bull run completely and it still has a lot of problems yeah people say it's not going to be fully done until 2023 if the eip 1559 proposal or a similar similar proposal does not get passed because i know a lot of the miners are kicking back on that um i would say that that does open up the the door for something else and i would say i think that uh after having talked with charles hoskinson and and interviewing him and listening to a lot of what he had to say i would say that you know cardano has has a a decent chance which are right it needs aetherium to stumble i believe yeah and i think also it needs i i think that you know look i admire the fact that cardano has made the move to make a compatible ethereum virtual machine to run solidity code in the context of cardano great idea gives a path for people on ethereum that want a scalable chain now and don't want to wait great idea but they need to double down on what the vision has been from the very beginning which is we are we have created a platform that is different in almost every way than ethereum but will also be a means to an end to do the same thing to build decentralized applications and i think that might be a differentiator to go to different industries that might not have been willing to touch ethereum because of the programming style that it that it has and capture some of that you know i think some of the financial industries from the older finance might be willing to step in to the ring of blockchain using something that's you know safe and formally verified using a language like haskell which is already out there in the financial world so just just some food for thought yeah and is everybody watching these channels knows i love food so yeah yeah especially food that's composed of thoughts that's you know some of my favorite also food composed of food also really good okay ashoji thank you so much for joining us today listen guys make sure to go subscribe to his channel okay and you guys heard it here first you know we were about the same when we were back at about 300 400 subscribers and now we need to boost him up and get up here with the big boys because you guys know when we talk about content we bring experts on we bring experts in charts because we're you know we are not a solely technical analysis channel and we also bring experts from the development world and heshoshi is definitely an expert he's doing it every single day so uh thank you for joining us you guys make sure to go subscribe to his channel appreciate you appreciate you that's all we got be blessed cheers [Music] you