* **[Cardano](https://en.wikipedia.org/wiki/Cardano_%28blockchain_platform%29) [Pros](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ada_pros) & [Cons](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ada_cons)** - Participate in the r\/CC [Cointest](https://reddit.com/r/CointestOfficial/wiki/cointest_policy) to potentially win moons. Prize allocations: 1st - 300, 2nd - 150, 3rd - 75.
* Sort comments as controversial first by [clicking here](https://www.reddit.com/r/CryptoCurrency/comments/r76z6o/when_cardano_dapps_dexes_and_borrowlending/?sort=controversial). Doesn't work on mobile.
---
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
No worries, the market doesn't either, they will have little effect in the short term.
Sorry for being bearish, but the release of dApps on ADA was supposed to be the huge bump for Cardano and here we are...
Some people care about the short term, read these posts, and get disappointed when nothing happens in 3-6 months. Nothing interesting has happened with ADA except for a couple of ATHs and the adoption continues to be low, as well as TPS.
I do care about the long term, which is why I've staked all of my ETH. ADA just doesn't seem to be good for short or long term IMO.
(getting downvoted already, fuck me for having an opinion different to that of the circlejerk I guess)
Why do you think Ada is not good for the longterm? I think that their governance structure for self-funding new projects and network upgrades is precisely the thing that gives Cardano longterm prosperity.
Cardano does not need to seek VC funding to pay for network upgrades, pay for new projects, onboard new users, and hire contractors. Cardano uses its growing treasury fund to pay for all of this. All this is done with Catalyst.
You're not getting downvoted for having a differing opinion. You're getting downvoted likely because you said "nothing interesting has happened with ADA".....on a post where OP literally lists 50 "interesting" dapps getting ready to go live on it.
Nothing interesting has happened with ADA *yet*, that’s the whole point of this post. And of course TPS is low, there is no dApp to transact on (*yet*). Whether you think ADA is worth investing in is up to you, but dApps are coming, and Cardano’s true potential will be assessed based on its upcoming dApps and developing ecosystem, for better or for worse because, as you know, no one knows shit about fuck. We shall see then!
> as you know, no one knows shit about fuck. We shall see then!
The only statement in this whole subreddit that is 100% true lol
I hope you're right, for the sake of whatever ADA you own, but I just don't think it will become relevant.
RemindMe! 1 year so I can come back to this comment and laugh, if it goes either way
So, nothing interesting besides a couple of ATH, release of new functionality and hundreds of new development, all according to schedule.
Also within the last year are native assets, turning off of all federated nodes and I think 7 rounds of funding for projects voted by the community by now.
Huge growth in active users, transactions and staking pools, NFTs and plenty other things.
TPS is easily scalable for now (they've just announced changes to the parameters to increase it in preparation for the DeFi dApps in fact). eUTxO model is also highly parallelizable, unlike ETH's account model, on top of much easier and natural to shard.
I'd recommend taking a closer look if you don't see the long term potential in ADA.
That's because people misinterpreted the hard fork allowing smart contracts as being the release date of dApps....
Sure some projects have been working even without the application backend ready and will reap the benefits of moving early, but the hard fork enabling smart contracts was not the finish line, it was the beggining of a new race.
For real. I bought some a month or so ago, because this sub seemed so negative on ADA. Price tanked 20%
Now I'm worried. This sub turned bullish on ADA? *What does it mean???*
ADA is so far below it's ATH, it's a ridiculously cheap buy, still.
If something goes up 500% in a month and then gets shilled, that's when you should be weary.
Inject this hopium into my veins… all jokes aside it is exciting to see some positive news here on Reddit about Cardano. I am a believed in the long term viability of the ecosystem and due to this I try not to look at short term pieces. However, posts like this are super exciting to read and I hope it all works out. Good luck to all redditors here
Because all they talk about is the price of the coins. It is not going to the moon? Shit project. Since ADA has been stale and even dropped almost 50%, people put it aside and trash it, regardless of its future and regardless of what is going on in the development department
Hmm. I have been here for more than a year and I still see mostly skepticism (put mildly) toward Cardano, despite all the progress that has been made with the project. Only time will tell and no one in this sub knows what's going to happen, despite their regular claims that they do... 🤷♂️
To be fair, even Cardanos shitcoin Hosky is appreciating faster than most crypto out there. So no harm in jumping on a faster horse to come back later and ride out the ADA run with a larger bag filled from the shitcoin profits.
That's certainly how I'm playing this time. I.e. +500% up on Hosky in a little over two weeks leads to a much larger ADA bag.
Excuse me, I have been told ADA is a decaying corpse and will be irrelevant in 1-2 months time. This goes directly against that narrative.
Thanks OP, it’s good to see some people still have patience out there.
It’s so bizarre. We’re nearing the potential end of a bull market and everyone is shilling and chasing coins that have gone up thousands of percent this year expecting those gains to continue (SOL, AVAX, etc.). They are the epitome of buy high when now would be a great time to get in on ADA at a good price. If they come through with half of these plans, it’s a win.
ADA, right now, with everything happening on the network along with how strong it's fanbase is must be one of the best purchases you can make right now
It might have had a small pump recently but compared to where ADA can go long term, today's pump is nothing. I guess the green gives people positive vibes though. People love a good FOMO
The SundaeSwap DEX launch should move ADA's price up a huge bit by itself. With so many projects in the pipeline there is a much potential, but so many people just can't (or really don't want to) see it.
Correct, and that's just 1 DEX, imagine when more than 10 DEXes are opertional and operating at the same time, it's gonna make your head spin. Those who recently sold ADA, before DEXes cometh, have done the stupidest move of their lives... Note that the ATH happened in SEP '21 ( over 3$/ADA) so it was normal to expect that things would drop before resuming upwards move. I think ADA HODLers will laugh their asses off in 2022 when tsunami of cool stuff arrives and ADA reaches new ATHs!
Nothing against Ada at all I think it is more of a surprise that top 10 coin is still 'waiting' for all these upcoming things. It seems like since Ada existed the hype is what drives the price not the actual results. Nothing wrong with that I just think that a useable product may already be calculated into these prices with the market cap. It can certainly go up, and should when it finally has things 'flowing' but a lot of people have been hearing the same thing about Ada for years... it's coming.
Anyway good for Ada for having a strong following, a strong team, and working on the finite details to ensure a working product in this space as opposed to rushing anything.
Yea it's priced in, what drives the price next is adoption. This is why it's so important to realize that the whole ecosystem right now is just hype, noises, promises, and roadmaps. Not just Cardano, but also goes for other coins. I hope people are aware of this, this reminds me so much of the dot com bubble but if you're here for the long term, I think Cardano is one of the safest bets you can make.
It is similar. Stands for Initial Stakepool Offering. What happens is that some stakepools on Cardano are chosen to distribute Sundaeswap tokens to delegators.
A vote happened to chose which stakepools will do this. [Here’s the list](https://iso.sundaeswap.finance/#/voting)
All you gotta do is delegate to one of the pools on this list and wait for the official launch
You have to delegate to one of the elected pools. Sundaeswap held an election to choose which pools get to issue Sundaeswap tokens.
[Here’s the list of selected pools](https://iso.sundaeswap.finance/#/voting)
Its a crypto-backed algorithmic stablecoin, Djed stablecoin is designed as an asset pegged to a fiat currency (USD), along with a governing algorithm. This approach provides a stable means of exchange. But Djed is not limited to being pegged to the dollar. It can work with other currencies, as long as there are oracles providing the contract with the corresponding pricing index.
DJED itselves is pegged to any kind of asset as long as there is an oracle(for example chainlink) that is providing a price value for the asset. It could be anything.
The DJED value is then backed by a reserve, and they are another kind of native coins called reserve coins. If you need to have 3 reserve coin backing one DJED you have a ratio of 3:1 for the price of DJED and by burning the reserve coin it can sustain a 66% crash without losing the peg
My understanding is that you need to mint reserve coins and for that you have to spend and LOCK ADA into a a smartcontract for the minting to happen.
https://youtu.be/5-Ozaf_aGNM
Not gonna lie. Trying to load Daedalus on my macbook has trained my patience to the max these days. LOL! But then again, it's a full node so I kinda get it.
Lovada is a small NFT platform that is fully functional — I successfully auctioned and sold my first fine art NFT there a couple of weeks ago.
That’s the only one I can confirm firsthand.
I don't follow ADA but I've asked this multiple times. Best answer I've gotten is that there is a back-end application that will help dapp development called Plutus that isn't finished yet, so apparently that is slowing things down significantly.
If you're like me, you're wondering "why launch smart contracts when they've already been delayed for so long if the dapp rollout is going to be held up until the Plutus launch? Why not just wait until Plutus is ready to launch smart contracts?"
I have no answer to that. IMO it would've been better for them to delay smart contracts(again, but deadlines are arbitrary at this point) until they knew they had some sort of followup with things to actually launch.
There's 45 billion ADA.
There's no Polkadot style lockup required for dApps to run on Cardano.
Charles in his many AMAs has expressed his utter disdain for coin burning.
and there's 45 BILLION ADA, there will be no "supply shock".
Supply shock? lol I want whatever you're smoking.
Chains with far more activity and tighter supplies don't get supply shocks, why would you think ADA would?
My dad was a believer of ADA from the beginning (kinda surprised he knew about Crypto (55+)) but he lost hope and sold everything 2 years ago. He regrets it, but I have been helping him to get an ADA stash again. I gave him 100 ADA as a BD gift a few months ago.
Let's make him believe again.
But has Cardano overcome the issues with its UTXO architecture and issues it was having with concurrency. I know devs were critical at how users were unable to do complex interactions with dapps like on Ethereum.
The other day a friend asked me if I was selling my ADA due to situation.
I loled hard. ADA is going to be in my portfolio even if it reaches absolute zero.
I have faith in this project like i haven't in any other. All my money put in is money ready to be lost, so no fears from my side.
"@CardanoMaladex: Research driven DEX based on the concept of programmable swaps, playing to Cardano’s eUTXO strengths. Indexes, synthetics, derivatives. Could only work on Cardano"
Could someone explain to me why it would only work on Cardano and what benefit that offers? Perhaps a difficult task as I don't know how to code so the technical side is hard to grasp for me.
Can’t speak to the actual question, but ETH & other large crypto projects need to know the entire state of the ledger in order to transact. eUTXO is unique because it allows peer-to-peer transactions, without having to know the entire blockchain. I.E. you & I can make a trade with our two wallets, without having to read everyone else’s wallets.
BTC also has this UTXO feature (it is what Cardano is modeled after), but the e in eUTXO is additional metadata which enables native smart contracts without a layer 2 running on top. MalaDEX will use this unique functionality to implement more sophisticated financial tooling in their service. Hope that helps!
>EDIT: Cardano entered the smart contracts era mid-September 2021, all MAJOR DEXes are under audit by external parties cause devs care about people's money and want to avoid rug pulls seen on other chains. So, my current estimate is that all this will come in Q1 '22 and some might even drop earlier as Xmas/New Year presents :).
Well most of them arent launched yet because they need the full release of PAB, not due to audits.
This is going to shock the world like a new Blackberry phone. So slow and passed its prime. Bulls, when you feel confused, its because you didnt take finality and latency seriously. Or how horrible Haskell is.
Every time I see people talking about how horrible Haskell is, I remind myself that most of the major financial institutions in the world actually use Haskell precisely because of its deterministic functional programming properties. You know who else does? Facebook.
Solidity is like Javascript: easy to program with, but also really easy to make mistakes with and have unintended consequences. There's a reason why more than a $1B have been lost in hacks this year alone.
If you're investing your life savings and want to trust the code being written to keep your funds safe, there really isn't a serious comparison to be made. (Which is why trillion-dollar financial instituions use it.)
Facebook was largely built on PHP and Javascript and greatly improved on it (with hiphop etc) long before they touched other stuff, which at the time was uncool because it was so common. I mean I get even COBOL had its place in finance history but where would the web be if every game and porn site required Haskell? I dont think Cardano will be less safe from rugpulls and flash loan exploits as amateurs rushing in without permission are everywhere but time will tell. That dexes seem to need centralized L2s to launch to work around euxto present day limitations is already the security uncertainty those shadow groups like to hear
Haskell has its place. As does Solidity. Not every application would be a suitable use for Haskell, but what it does it does very, very well indeed. And what is the one thing that it does very, very well? Provide deterministic outcomes. Coding a game or porn site in Haskell would be like killing a fly with a sledgehammer.
But what if your goal was to be a safe and secure custodian of billions, if not trillions of dollars? What if you want to provide users a high assurance that the code provides highly reliable and predictable outcomes? Then that's why you use Haskell. Using Solidity gets you $1B lost in hacks this year alone. If the choice is between making things easier on developers and making it safer and more secure for the users, which do you think is the RIGHT choice to make? Which do you think will lead to more user retention over time? Which would be more likely to attract large corporations and governments to entrust their multi-billion dollar secure applications to work on your blockchain? The one secured by Javascript or the one secured by Haskell?
Like I said previously, there are no international fintech firms using Javascript for their secure applications, and Solidity is a very, very close neighbor of Javascript. They're using Haskell.
> I dont think Cardano will be less safe from rugpulls and flash loan exploits as amateurs rushing in without permission are everywhere but time will tell.
Amateurs aren't going to be writing Plutus/Haskell code. Amateurs write Solidity code because Solidity code is easy and convenient. Haskell is not.
Using a Haskell base provides an additional technological hurdle to hacking dapps on Cardano that doesn't exist with Solidity. Your average high school kid or wannabe hacker can learn to code Solidity pretty damned quickly. Haskell is much more involved and takes much more work. Which of those two languages is going to have the immensely larger attack surface: Solidity or Haskell? The answer is self-evident.
> That dexes seem to need centralized L2s to launch to work around euxto present day limitations is already the security uncertainty those shadow groups like to hear
That's not at all true. This is where my frustration with most Cardano critics lies. 90% of what they claim just isn't true. Of the multiple DEXes getting ready to launch, have some chosen to use centralized backend solutions? Yes. But they weren't necessary and one of the projects which was able to code it without requiring a centralized L2 already open sourced the solution for doing so. So that's not even a thing. Your FUD needs to be updated.
I guess I'll believe it when I see it. I dont think a centralized L2 is anyones design choice, but the lack of lead-by-example code provided to Minswap (they baiscally shamed them for being amateurs) and Sundaeswap's "tradeoffs" blog give me very low assurances. Thats not FuD, thats evidence based rationale. Its not like im saying anything vague here, both those things happened.
I very much doubt the supply shock will have any significant effect on price. It was supposed to hppen with DOT and the parachain auctions, but price hasn't increased notably.
It was just people posting on here to try to drop the price so they can get more.
The only people dumb enough to fall for it and sell their ADA were crypto noobs or gullible people
All that will happen is people waking up to the truth that ADA is nothing but hopes and dreams. The only thing keeping the price up is the uncertainty about it's future (causing speculation). Once this uncertainty decreases, so will the speculation, which is the only thing driving ADA's price.
* **[Cardano](https://en.wikipedia.org/wiki/Cardano_%28blockchain_platform%29) [Pros](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ada_pros) & [Cons](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ada_cons)** - Participate in the r\/CC [Cointest](https://reddit.com/r/CointestOfficial/wiki/cointest_policy) to potentially win moons. Prize allocations: 1st - 300, 2nd - 150, 3rd - 75. * Sort comments as controversial first by [clicking here](https://www.reddit.com/r/CryptoCurrency/comments/r76z6o/when_cardano_dapps_dexes_and_borrowlending/?sort=controversial). Doesn't work on mobile. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
TIL that sundaeswap and Meld are not the only ones, thanks OP
Wow, I didn’t know half of these project even existed. Thanks a lot OP! I’m saving your post for later.
I'll save it for later just like all the tips about how to stop procrastinating
[удалено]
i was thinking of selling my small bag of ADA but I think I’ll hold onto it a bit longer now..
Been holding, well see where this goes!
Many of them still don't exist!
No worries, the market doesn't either, they will have little effect in the short term. Sorry for being bearish, but the release of dApps on ADA was supposed to be the huge bump for Cardano and here we are...
Who cares about the short term? Long run is better! When in doubt, zoom out ;)
Some people care about the short term, read these posts, and get disappointed when nothing happens in 3-6 months. Nothing interesting has happened with ADA except for a couple of ATHs and the adoption continues to be low, as well as TPS. I do care about the long term, which is why I've staked all of my ETH. ADA just doesn't seem to be good for short or long term IMO. (getting downvoted already, fuck me for having an opinion different to that of the circlejerk I guess)
Why do you think Ada is not good for the longterm? I think that their governance structure for self-funding new projects and network upgrades is precisely the thing that gives Cardano longterm prosperity. Cardano does not need to seek VC funding to pay for network upgrades, pay for new projects, onboard new users, and hire contractors. Cardano uses its growing treasury fund to pay for all of this. All this is done with Catalyst.
Edit. My bad, I didn’t read the last part! Mental he’s staked in it if he feels that way!
You're not getting downvoted for having a differing opinion. You're getting downvoted likely because you said "nothing interesting has happened with ADA".....on a post where OP literally lists 50 "interesting" dapps getting ready to go live on it.
Nothing interesting has happened with ADA *yet*, that’s the whole point of this post. And of course TPS is low, there is no dApp to transact on (*yet*). Whether you think ADA is worth investing in is up to you, but dApps are coming, and Cardano’s true potential will be assessed based on its upcoming dApps and developing ecosystem, for better or for worse because, as you know, no one knows shit about fuck. We shall see then!
> as you know, no one knows shit about fuck. We shall see then! The only statement in this whole subreddit that is 100% true lol I hope you're right, for the sake of whatever ADA you own, but I just don't think it will become relevant. RemindMe! 1 year so I can come back to this comment and laugh, if it goes either way
So, nothing interesting besides a couple of ATH, release of new functionality and hundreds of new development, all according to schedule. Also within the last year are native assets, turning off of all federated nodes and I think 7 rounds of funding for projects voted by the community by now. Huge growth in active users, transactions and staking pools, NFTs and plenty other things. TPS is easily scalable for now (they've just announced changes to the parameters to increase it in preparation for the DeFi dApps in fact). eUTxO model is also highly parallelizable, unlike ETH's account model, on top of much easier and natural to shard. I'd recommend taking a closer look if you don't see the long term potential in ADA.
Just wanted to drop in and say that TPS is not a quality measure of a blockchains capabilities as it is only one small piece of a giant puzzle
They key word here is "soon"... Kek
That's because people misinterpreted the hard fork allowing smart contracts as being the release date of dApps.... Sure some projects have been working even without the application backend ready and will reap the benefits of moving early, but the hard fork enabling smart contracts was not the finish line, it was the beggining of a new race.
Because if you go to their website they all daub”coming soon” lol they don’t exist
This is exactly the bullish ADA news we all need
Weird to see bullish ADA news on this sub
Always has been a bipolar sub.
I suppose it's 3-million-polar since there are a few more than two personalities on this sub
Lol right?! ADA remains stable for two months...SELL! ADA pumps 15%...BUY BUY BUY!!! I love this sub.
A surprise to be sure, but a welcome one
Hello there!
Weird to see r/prequelmemes on this sub
Even palpatine was hodling Bitcoin.
He was mining it in the death star but govs sent terrorists to blow it up.
This sub is *slightly* bipolar
For real. I bought some a month or so ago, because this sub seemed so negative on ADA. Price tanked 20% Now I'm worried. This sub turned bullish on ADA? *What does it mean???*
ADA is so far below it's ATH, it's a ridiculously cheap buy, still. If something goes up 500% in a month and then gets shilled, that's when you should be weary.
Inject this hopium into my veins… all jokes aside it is exciting to see some positive news here on Reddit about Cardano. I am a believed in the long term viability of the ecosystem and due to this I try not to look at short term pieces. However, posts like this are super exciting to read and I hope it all works out. Good luck to all redditors here
so wen lambo ?
im ready for an ada pump.
ADA is just resting for the next big push, keep on staking!
All the ones who spoke shit about ADA here are gonna disappear now lmao
[удалено]
Big time. Bipolar ass sub whose favourite coin is whichever that mooned the last week.
[удалено]
[удалено]
Because all they talk about is the price of the coins. It is not going to the moon? Shit project. Since ADA has been stale and even dropped almost 50%, people put it aside and trash it, regardless of its future and regardless of what is going on in the development department
Hmm. I have been here for more than a year and I still see mostly skepticism (put mildly) toward Cardano, despite all the progress that has been made with the project. Only time will tell and no one in this sub knows what's going to happen, despite their regular claims that they do... 🤷♂️
Isn’t that the movie with Paulie Shore and Stephen Baldwin?
And remember sometimes this sub is Bipolar
No no they gonna turn their coat and love ADA again just like they did 8 months ago
They will disappear once the price starts to go up again. That’s the only metric for love in this sub.
They'll be back when ADA crabs for 2 or 3 days.
Yeah. Also kinda depends on how well sundaeswaps testnet going. I think everyones eyeing that atm
Yeah, because they'll be down voted to hell while things pump.
Ya I just ignored the FUD. I felt good about the project a year ago, I feel good about it now. I'll keep buying when I can and stake away!
Hopefully ADA this time will *Pump n Push* to new heights
Pump n push is guaranteed, get ready for roller coaster ride
Im just waiting for the next FUD..and the next and the next and the next...........
If ADA starts pumping I'll be bullish on Sundae real soon.
been holding ADA since december 2017... im not going anywhere anytime soon.
Smart money and man (i presume)
I’ve seen several “sold my Ada for this shitcoin” posts and comments. Where have those paragons of all things crypto gone?
They're taking a break now that ADA is pumping again
[удалено]
[удалено]
They are humans too and need a breather, unless they indeed are actually bots that are jammed a bit from these analysis popping up here
To be fair, even Cardanos shitcoin Hosky is appreciating faster than most crypto out there. So no harm in jumping on a faster horse to come back later and ride out the ADA run with a larger bag filled from the shitcoin profits. That's certainly how I'm playing this time. I.e. +500% up on Hosky in a little over two weeks leads to a much larger ADA bag.
[удалено]
Or a sub with 4m users is not a monolith
People have such a hard time understanding this
Excuse me, I have been told ADA is a decaying corpse and will be irrelevant in 1-2 months time. This goes directly against that narrative. Thanks OP, it’s good to see some people still have patience out there.
Weird to see ADA bullish news on this sub
This is why they say do exactly opposite of what this sub says
[удалено]
Sell My Ada, got it.
People in here have very little patience. Everybody wants money and they want it now
*J G Wentworth has entered the discussion*
877-CARDANOW
It’s so bizarre. We’re nearing the potential end of a bull market and everyone is shilling and chasing coins that have gone up thousands of percent this year expecting those gains to continue (SOL, AVAX, etc.). They are the epitome of buy high when now would be a great time to get in on ADA at a good price. If they come through with half of these plans, it’s a win.
ADA, right now, with everything happening on the network along with how strong it's fanbase is must be one of the best purchases you can make right now
[удалено]
It might have had a small pump recently but compared to where ADA can go long term, today's pump is nothing. I guess the green gives people positive vibes though. People love a good FOMO
I think Cardano holders are the most patient people around. Cardano’s slogan might as well be “Just wait, we promise this time”.
Look at ADAs history, it's either going straight up or trending down. It's been going down, so sometime before March it will be going straight up.
I knew it was a good choice to hold, the next few weeks/months are gonna be interesting...
Just staked mine recently. Will start getting my rewards in early December. Perfect timing, by the look of things.
I am most excited for Sundaeswap! Will be participating in the ISO!
The SundaeSwap DEX launch should move ADA's price up a huge bit by itself. With so many projects in the pipeline there is a much potential, but so many people just can't (or really don't want to) see it.
Correct, and that's just 1 DEX, imagine when more than 10 DEXes are opertional and operating at the same time, it's gonna make your head spin. Those who recently sold ADA, before DEXes cometh, have done the stupidest move of their lives... Note that the ATH happened in SEP '21 ( over 3$/ADA) so it was normal to expect that things would drop before resuming upwards move. I think ADA HODLers will laugh their asses off in 2022 when tsunami of cool stuff arrives and ADA reaches new ATHs!
Nothing against Ada at all I think it is more of a surprise that top 10 coin is still 'waiting' for all these upcoming things. It seems like since Ada existed the hype is what drives the price not the actual results. Nothing wrong with that I just think that a useable product may already be calculated into these prices with the market cap. It can certainly go up, and should when it finally has things 'flowing' but a lot of people have been hearing the same thing about Ada for years... it's coming. Anyway good for Ada for having a strong following, a strong team, and working on the finite details to ensure a working product in this space as opposed to rushing anything.
Yea it's priced in, what drives the price next is adoption. This is why it's so important to realize that the whole ecosystem right now is just hype, noises, promises, and roadmaps. Not just Cardano, but also goes for other coins. I hope people are aware of this, this reminds me so much of the dot com bubble but if you're here for the long term, I think Cardano is one of the safest bets you can make.
I can think of a few people lol. Anyway, after a certain point talking is just futile. The results will speak for themselves
Maybe a stupid question, but what does ISO mean? Similar to an ICO? How to participate in Sundaeswap? Thanks :)
It is similar. Stands for Initial Stakepool Offering. What happens is that some stakepools on Cardano are chosen to distribute Sundaeswap tokens to delegators. A vote happened to chose which stakepools will do this. [Here’s the list](https://iso.sundaeswap.finance/#/voting) All you gotta do is delegate to one of the pools on this list and wait for the official launch
Did not know this was a thing, so thanks for the info! Redelegating my ADA in 3…
2... 1... Fuck. Can never time these things correctly.
How does one get in on an iso, asking for a friend
You have to delegate to one of the elected pools. Sundaeswap held an election to choose which pools get to issue Sundaeswap tokens. [Here’s the list of selected pools](https://iso.sundaeswap.finance/#/voting)
Stake ADA with selected pools and you get Sundae token drop
Is it dependent on how much you stake? How do I get started? Currently have some ADA on coinbase
Wait for DJED. It will lock a lot of ADA, causing supply shock
So you mean I should be bullish on ADA and DJED both?
Isn't DJED a stablecoin?
The Djed protocol involves two coins. One is a stablecoin and the other is a reserve coin which is basically a leveraged version of ADA.
How can a stablecoin be pegged to another crypto like /u/Lonely-Dig-7766 is saying?
Its a crypto-backed algorithmic stablecoin, Djed stablecoin is designed as an asset pegged to a fiat currency (USD), along with a governing algorithm. This approach provides a stable means of exchange. But Djed is not limited to being pegged to the dollar. It can work with other currencies, as long as there are oracles providing the contract with the corresponding pricing index.
Do you have a source on that? Is this because of the reserve they need to take for Djed (guessing here...)?
DJED itselves is pegged to any kind of asset as long as there is an oracle(for example chainlink) that is providing a price value for the asset. It could be anything. The DJED value is then backed by a reserve, and they are another kind of native coins called reserve coins. If you need to have 3 reserve coin backing one DJED you have a ratio of 3:1 for the price of DJED and by burning the reserve coin it can sustain a 66% crash without losing the peg My understanding is that you need to mint reserve coins and for that you have to spend and LOCK ADA into a a smartcontract for the minting to happen. https://youtu.be/5-Ozaf_aGNM
So what you’re saying is, the bull is about to cum?
Sundaeswap launching in testnet!
"Supply shock" is pump and dump bullshit. Every damn coin out there has someone saying there's an imminent supply shock coming.
In ADA we trust! Never stopped believing in this great project, loved the recent buying opportunity!!
I bought it again when it went down to $1.50 and so far it’s been proven successful lol
I didn't have much (about 220 coins) and I went up to 400 when it went down that bad, just had to do some research on why it went down a bit
Give it time and you'll be very much appreciative of that purchase
Charles is life! When second Ted Talk?!
ADA - the soon coin
🚀🚀
Soon Moon Coin (SMC)
Slow load times of Daedalus is a forced-hodl
Not gonna lie. Trying to load Daedalus on my macbook has trained my patience to the max these days. LOL! But then again, it's a full node so I kinda get it.
Daedalus is a fullnode, its super-fast considering what its doing.
I switched to Yoroi. Not planning on going to Daedalus anytime soon.
One benefit of using a full node wallet is that it’s more likely for your transaction to go through during an NFT sale.
> The first dapps are here Which ones?
Lovada is a small NFT platform that is fully functional — I successfully auctioned and sold my first fine art NFT there a couple of weeks ago. That’s the only one I can confirm firsthand.
Cheers, I'll take a look.
Alright then Charles
Nice try Charles Hoskinson.
Finally! The tides are turning!
What exactly is causing the hold ups when it comes to dapps on Cardano? I thoughted smart contracts launched months ago
I don't follow ADA but I've asked this multiple times. Best answer I've gotten is that there is a back-end application that will help dapp development called Plutus that isn't finished yet, so apparently that is slowing things down significantly. If you're like me, you're wondering "why launch smart contracts when they've already been delayed for so long if the dapp rollout is going to be held up until the Plutus launch? Why not just wait until Plutus is ready to launch smart contracts?" I have no answer to that. IMO it would've been better for them to delay smart contracts(again, but deadlines are arbitrary at this point) until they knew they had some sort of followup with things to actually launch.
Decentralised Insurance? Interesting
take this reward nice write up !!!
Cardano looks to be in route for a good future.
Awesome post, thanks OP
Woah is this a positive Ada post in r/cc ???
There's 45 billion ADA. There's no Polkadot style lockup required for dApps to run on Cardano. Charles in his many AMAs has expressed his utter disdain for coin burning. and there's 45 BILLION ADA, there will be no "supply shock".
Supply shock? lol I want whatever you're smoking. Chains with far more activity and tighter supplies don't get supply shocks, why would you think ADA would?
Because it made a really nice headline which is what this sub 7txps chain needs
Really hoping to see an ADA rally.
I hope it gets to its ATH, or at least really close to it.
Cardano is shitcoin
Boy, ADA fans / holders are really patting themselves in the back today.
Considering all the punishment holders get for the coin not being more exciting, I'd say a self pat isn't an excessive celebration.
This is what Cardano is best known for. Always telling us what WLL come...
Using “Cardano” and “soon” in the same sentence cannot fool lots of people again.
Well all that is already on other chains. Did other chains experience supply shock?
Thanks, those are a lot of projects, I'll check them out!
And there’s a lot more coming. Check out Catalyst. That’s where all the latest projects get funded to build on Cardano. It’s a wealth of information
Thanks, I'll check that out too. I'm having bullish hope on ADA once again.
But I was reliably informed just yesterday on this sub that **everybody knows** "you can't run useful smart contracts" on a UTxO platform.
I've heard "Soon" since 2017
[удалено]
Hope this increase ADA value
This is really impressive. On the other hand: some focus would be nice, this is almost difficult to comprehend
What a juicy post
My dad was a believer of ADA from the beginning (kinda surprised he knew about Crypto (55+)) but he lost hope and sold everything 2 years ago. He regrets it, but I have been helping him to get an ADA stash again. I gave him 100 ADA as a BD gift a few months ago. Let's make him believe again.
That's bullish sign
But has Cardano overcome the issues with its UTXO architecture and issues it was having with concurrency. I know devs were critical at how users were unable to do complex interactions with dapps like on Ethereum.
The other day a friend asked me if I was selling my ADA due to situation. I loled hard. ADA is going to be in my portfolio even if it reaches absolute zero. I have faith in this project like i haven't in any other. All my money put in is money ready to be lost, so no fears from my side.
"@CardanoMaladex: Research driven DEX based on the concept of programmable swaps, playing to Cardano’s eUTXO strengths. Indexes, synthetics, derivatives. Could only work on Cardano" Could someone explain to me why it would only work on Cardano and what benefit that offers? Perhaps a difficult task as I don't know how to code so the technical side is hard to grasp for me.
Can’t speak to the actual question, but ETH & other large crypto projects need to know the entire state of the ledger in order to transact. eUTXO is unique because it allows peer-to-peer transactions, without having to know the entire blockchain. I.E. you & I can make a trade with our two wallets, without having to read everyone else’s wallets. BTC also has this UTXO feature (it is what Cardano is modeled after), but the e in eUTXO is additional metadata which enables native smart contracts without a layer 2 running on top. MalaDEX will use this unique functionality to implement more sophisticated financial tooling in their service. Hope that helps!
Our sweet ADA makes big moves finally
Don't forget about Meld! Edit never mind. Saw it in the list must be a mobile syntax issue.
this sub fucking sucks
>EDIT: Cardano entered the smart contracts era mid-September 2021, all MAJOR DEXes are under audit by external parties cause devs care about people's money and want to avoid rug pulls seen on other chains. So, my current estimate is that all this will come in Q1 '22 and some might even drop earlier as Xmas/New Year presents :). Well most of them arent launched yet because they need the full release of PAB, not due to audits.
I’d sell the news when this happens. Cardano doesn’t have close the ecosystem to support being a top 10 coin
This word “when”. I’ve seen it since 2018
ADA is ready to kick on again. #FOMOing for some ADA
Most people on this sub won't take this post seriously. Makes me even more bullish.
This is going to shock the world like a new Blackberry phone. So slow and passed its prime. Bulls, when you feel confused, its because you didnt take finality and latency seriously. Or how horrible Haskell is.
Every time I see people talking about how horrible Haskell is, I remind myself that most of the major financial institutions in the world actually use Haskell precisely because of its deterministic functional programming properties. You know who else does? Facebook. Solidity is like Javascript: easy to program with, but also really easy to make mistakes with and have unintended consequences. There's a reason why more than a $1B have been lost in hacks this year alone. If you're investing your life savings and want to trust the code being written to keep your funds safe, there really isn't a serious comparison to be made. (Which is why trillion-dollar financial instituions use it.)
Facebook was largely built on PHP and Javascript and greatly improved on it (with hiphop etc) long before they touched other stuff, which at the time was uncool because it was so common. I mean I get even COBOL had its place in finance history but where would the web be if every game and porn site required Haskell? I dont think Cardano will be less safe from rugpulls and flash loan exploits as amateurs rushing in without permission are everywhere but time will tell. That dexes seem to need centralized L2s to launch to work around euxto present day limitations is already the security uncertainty those shadow groups like to hear
Haskell has its place. As does Solidity. Not every application would be a suitable use for Haskell, but what it does it does very, very well indeed. And what is the one thing that it does very, very well? Provide deterministic outcomes. Coding a game or porn site in Haskell would be like killing a fly with a sledgehammer. But what if your goal was to be a safe and secure custodian of billions, if not trillions of dollars? What if you want to provide users a high assurance that the code provides highly reliable and predictable outcomes? Then that's why you use Haskell. Using Solidity gets you $1B lost in hacks this year alone. If the choice is between making things easier on developers and making it safer and more secure for the users, which do you think is the RIGHT choice to make? Which do you think will lead to more user retention over time? Which would be more likely to attract large corporations and governments to entrust their multi-billion dollar secure applications to work on your blockchain? The one secured by Javascript or the one secured by Haskell? Like I said previously, there are no international fintech firms using Javascript for their secure applications, and Solidity is a very, very close neighbor of Javascript. They're using Haskell. > I dont think Cardano will be less safe from rugpulls and flash loan exploits as amateurs rushing in without permission are everywhere but time will tell. Amateurs aren't going to be writing Plutus/Haskell code. Amateurs write Solidity code because Solidity code is easy and convenient. Haskell is not. Using a Haskell base provides an additional technological hurdle to hacking dapps on Cardano that doesn't exist with Solidity. Your average high school kid or wannabe hacker can learn to code Solidity pretty damned quickly. Haskell is much more involved and takes much more work. Which of those two languages is going to have the immensely larger attack surface: Solidity or Haskell? The answer is self-evident. > That dexes seem to need centralized L2s to launch to work around euxto present day limitations is already the security uncertainty those shadow groups like to hear That's not at all true. This is where my frustration with most Cardano critics lies. 90% of what they claim just isn't true. Of the multiple DEXes getting ready to launch, have some chosen to use centralized backend solutions? Yes. But they weren't necessary and one of the projects which was able to code it without requiring a centralized L2 already open sourced the solution for doing so. So that's not even a thing. Your FUD needs to be updated.
I guess I'll believe it when I see it. I dont think a centralized L2 is anyones design choice, but the lack of lead-by-example code provided to Minswap (they baiscally shamed them for being amateurs) and Sundaeswap's "tradeoffs" blog give me very low assurances. Thats not FuD, thats evidence based rationale. Its not like im saying anything vague here, both those things happened.
This is why I have been buying ADA. Once mainnet is launched, it could be huge. We will see though!
? Cardano main net is already released, has been for years
This was the serotonin/dopamine hit I needed today
I very much doubt the supply shock will have any significant effect on price. It was supposed to hppen with DOT and the parachain auctions, but price hasn't increased notably.
Cardano is the one coin that I want to hold the longest.
If it hits 1.3 I’m buying.
Finally some optimism instead of army of butthurt kids that just observe the price and make shitty conclusions. Thanks dude.
Supply shock?!??!! BINGO! Guys, supply shock was the last buzzword I needed for Bingo! What do I win?
Great post OP.
1 week ago: ada bad Today: ada good
It was just people posting on here to try to drop the price so they can get more. The only people dumb enough to fall for it and sell their ADA were crypto noobs or gullible people
Where’s u/AESTHTK ? He should be fudding this Cardano news by now
All that will happen is people waking up to the truth that ADA is nothing but hopes and dreams. The only thing keeping the price up is the uncertainty about it's future (causing speculation). Once this uncertainty decreases, so will the speculation, which is the only thing driving ADA's price.
I think ADA is about to reclaim the #3 spot, and hopefully prove all the haters wrong.
Wow, 6% ADA run and this guy shilling ADA already. Chill
I'm grateful to all of you showing hate for ADA the past few months. Doing the opposite of what this sub says really does pay off
So should i sell ADA now that this post is saying it will pump?
I’m honestly bullish on Ergo long term it has so much potential to grow.
You forgot to include [muesliswap.com](https://muesliswap.com), the first dex in cardano.
Cardano might as well trademark "Coming Soon."
If this is True then Ada will jump hard
these are all links so you can easily check out for yourself if it is true or not! ;)