Originally Posted by Somecrimesitry
Cardano is working on offering all of it's features for use by the PoW blockchains that are willing to implement Cardano NiPoPoWs (https://nipopows.com)
. For little effort or development cost the PoW blockchains would gain the ability to use Cardano smart contracts, voting, oracle pools, etc and in return ADA holders would get rewards / Tx fees in the PoW cryptos
This is interesting - although I'm struggling to get my head round it properly. If the gen 1 PoW coins generally have a store of value/means of exchange use case, why the need to send them to the cardano network and 'wrap' them?
I know this is being done in the ETH-centric DeFi space. However, all I see it doing is bringing liquidity to DeFi. What other purpose does it serve? How would it differ in the case of Cardano?
I'm a firm believer that there will be category leaders who will survive once this whole wave of innovation finally settles. But with that, is it not a case of choosing the blockchain/token for the specific purpose one has in mind?
So I guess I'm saying if you want smart contracting ability, then isn't it a case of not going near Bitcoin and weighing up Cardano against Ethereum and other smart contract ready projects?
Lets take the example that Hoskinson gave - the potential for a link-up with Litecoin. I can see what that would do for Cardano. I don't see what it does for Litecoin. Might such a move not be more symptomatic of the fact that Litecoin has no real world use case (or has failed to capture one)?? If so, why even bother with Litecoin to begin with - and just use Cardano natively?
I guess what I struggle with - with this stuff - is working this out to real world examples that can be demonstrated to add tangible value.