2026-07-07
doesn't look like anything to me (Ethereum's C Word)
- A frustrated rant that Ethereum is now proposing native UTXOs, cutting permanent state by 99.8%, without ever mentioning Cardano.
- Cardano spent ten years on UTXO, extended UTXO, and smart contracts on UTXO, including the chimeric ledgers paper combining UTXO and accounts.
- Mentioning Cardano is treated as a crime in the Ethereum inner circle, which also refuses to discuss on chain governance and Ouroboros.
- As the Ethereum Foundation fires people and runs out of money, it will next need on chain treasury and governance, and may adopt Ouroboros Leios.
- The pitch to Ethereum users: go with the innovators, since you cannot copy quality, and Cardano perfected the UTXO model Satoshi started.
18 entries
An Ethereum proposal for native UTXOs treats payments as one shot objects that Bitcoin got right, cutting permanent state by 99.8 percent.
The Ethereum proposal never mentions Cardano, which spent ten years on UTXO, extended UTXO, and smart contracts on UTXO.
The chimeric ledgers paper by Bruno Palio showed how to run UTXO and accounts together, solving parallelism and reference inputs.
It is treated as a crime in the Ethereum inner circle to mention Cardano, its on chain governance, Ouroboros, or extended UTXO.
VCs like a16z now hype UTXO, though Cardano, Ergo, and Nervos have been doing it for a decade.
Arthur Hayes claims Cardano has no smart contracts despite it shipping them five years ago, so critics are either lying or misinformed.
Ethereum's three to five year roadmap now pivots to UTXO, the infrastructure Cardano already invented.
Cardano's on chain governance gives it an on chain treasury and long term sustainability, imperfect but improving.
The Ethereum Foundation is firing people and running out of money, so it will next need on chain treasury and governance.
It is only a matter of time before Ethereum adopts Ouroboros Leios and calls it its own.
With Midnight, Cardano uses lattice based cryptography while Ethereum uses hash based, which will force Ethereum onto lattices in a few years.
Partner chains give non parasitic layer twos, UTXO is an infinitely scalable accounting model, and Midnight bets on privacy, agents, and compliance.
Cardano has no locking, slashing, or bonding, unlike Lido style synthetic assets, and a self healing consensus that recovers without a manual reset.
By the end of 2026 Cardano will be 60 times faster, with per dapp infinite scale via Hydra and partner chains inviting in Polygon and StarkWare.
The pitch to Vitalik: UTXO is a good idea he did not invent but perfected, since Satoshi chose cash register accounting over bank style accounting.
Ethereum now praises Lean and formal methods for the AI age, while Cardano openly cites its work and its inspirations.
Markets change fast, as Solana's ascendancy and XRP's re ascendancy show, and Cardano will grow like a rocket ship.
When Ethereum botches UTXO, all of UTXO gets tarred, just as their bonding and slashing gave proof of stake a bad name.