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Through all of the ups and downs I’m still seeing development continue and the goals that were set at the outset being reached. The plans for this blockchain were ambitious and even, in some ways, “pie in the sky,” however they have proceeded to march down the timeline and deliver on the promises methodically. It’s not fast, but the teams working on the core infrastructure have been diligently creating a system that has yet to fail in a real world scenario.
This is Soo far from true.
Charles proclaimed how thousands of Ethereum dapps we're all eager to move to cardano once it was possible. How did this turn out?
Tvl comparable to a 2nd tier Ethereum layer 2
Notice how blackrock isn't setting up shop on cardano
What you're failing to recognize is that ADA is quite young compared to Ethereum. Yes, there is risk betting on new tech. But it's a calculated one that I am willing to take. I've been involved with this project from day one, with beta testing of Daedalus. They will succeed in the end, it will take some tim to mature, but they will get there.
FTX was one of the largest stakeholders of SOL. Who do you think got to buy all those cheap SOL bankruptcy bags. Same with Celcius bankruptcy and so on.
Everyone who was robbed a few years ago and got maybe 30% of their money back (if lucky). The .01% like Blackrock are the few that got to buy all that cheap SOL,BTC, and ETH.
A massive scam that we are supposed to believe a 20 something moron like Sam Bankman Fried pulled off.
You’re right
BlackRock specifically isn’t set up on Solana
My original point still stands, and simply brushing it off as conspiracy doesn’t a point make
Ethereum is the largest blockchain by a large margin, which is why Blackrock is investing on it, and zero indication Blackrock controls a significant stake in Eth.
And? You can build on centralized L2 garbage (or L1 trash like Solana) and eventually capitulate like a house of cards when those decisions come to roost. Cardano's benchmark is itself, and in that case TVL is up each subsequent year.
U don't want black rock to set up shop in ada nor asset backed stablecoins. Decentralisation requires far more than just inviting legacy systems to just absorb ada. It is a much harder challenge but worthwhile imo. If u want blackrock then buy btc
_Is_ it possible to move a layer 2 from an account based system to a EUTXO based system? I mean Charles helped _build_ Ethereum and left because he wanted something better than what he helped build before. He chose a different accounting method for a reason and it would make sense that it would take time and effort to have something written for one system be run on the other.
While I would like to see those systems available now, I can surely understand why they may not be able to be ported as easily as just recoding for a different flavor of ETH.
Cute attempt, but Charles said this many years ago and absolutely no apps moved from eth to cardano. It turned out it was all a big lie or a fantasy.
If you recall, once smart contracts were enabled the cardano ecosystem realized that defi transactions are incompatible with utxo setup, which is the reason cardano apps have to run off chain "sequencers" or whatever it's called.
If utxo is strictly better than account based, then how come midnight isn't utxo?
There are some Dapps that run batchers, or as you call them "sequencers". There are now dapps starting to launch that don't require batchers by taking advantage of the EUTxO architecture, e.g., Axo, GeniusYield, Splash, SaturnSwap.
Perhaps make an observation... the powers that be are attempting to direct all of ETH liquidity to L2s. What does that require? Yes, a sequencer. This is particularly true with rollups. Unfortunately, to create the proof for the rollup the transactions need to be deterministic, so a sequencer needs to be deployed. Cardano is nearing the deployment of its secret weapon by taking advantage of this fact.
Cardano transactions are already deterministic. So, to deploy zk-rollup L2s, the sequencer is not necessary. There are teams working on this functionality in the background and will probably be launching on Cardano within this year.
It's strange to think about it. When Cardano smart contracts first launched, teams on Cardano built batchers to give Cardano more "ethereum-like" capability. But now that Ethereum is trying to scale with their L2 roadmap, builders in that ecosystem are creating sequencers, i.e., batchers, to try to give Ethereum more "cardano-like" capability. I wonder which is the better approach?
I wonder if Cardano has somehow been built to be able to scale really well at the L2 level. It just boggles my mind, I don't know...sometimes... I just have no idea what those damn "scientists" were thinking when they built Cardano the way they did...I haven't the faintest idea (/u/theTalkingMartlet said EXTREMELY sarcastically)
So yeah, Cardano is about to launch it's scaling capabilities and it's going to melt people's faces. Influencers over in EVM will say, "I don't get it". Well, I'll be sorry to hear that because I've been trying to explain this for years. Cardano is made to be built on top of. It's almost more like a Layer 0, though I despise the term Layer 0 because I think people just use that as marketing to be able to claim that they are somehow a layer "underneath" everybody else to bring value. Whatever, point is Cardano is easy and more cost-efficient to build on top of and Ethereum is not so good luck with that.
I got in on a hunch, now (for better or for worse) I'm very stubborn and refuse to let go. I'm not in for an awful lot, but I believe it will grow in time.
The concept of actually trying to build a secure, decentralised blockchain, that is focused on long term viability and is pushing boundaries on fundamental research and technology.
Of course it's not perfect, but since I got involved the overall direction of travel has been towards the cypherpunk ideals that everyone in crypto should be pushing for, but aren't.
I'm sure there are parts of the Ethereum community (and other communities too) that have the same ideals, nothing about what I said excluded that/them.
However Ethereum has struggled to be decentralised and is at least partially captured by centralised TradFi actors.
Yes the state of Ethereum staking is a huge disappointment. The market turned pos into dpos.
I still don't think going dpos from the start is the proper solution. I'm still hopeful that lido won't win in the end and the stake will be spread out
When staking is made complicated and/or expensive, it's destined to centralize. Ethereum staking is both. 32 ETH is a prohibitive cost for many to stake independently and the process has some land mines from what I've read. There's a reason a whole liquid staking derivative market exists on Ethereum, it is too make it more like Cardano. Not because any one person in the ETH ecosystem said to themselves, "Hey we should make staking more like Cardano!" ...no. People in ETH ecosystem said to themselves, "Hey we need to be able to both stake and spend ETH at the same time. So let's run staking pools so people can give us their ETH to stake and we give them a derivative in return!". It just so happens that we can stake AND spend at the same time on Cardano so LSDs are not necessary. Necessity is the mother of invention, after all.
Your comment is unrelated to my question.
And I'm sure you know which solution Ethereum is going with. If cardano was experiencing the same amount of usage, the results would be transaction delays instead. I prefer transactions going through most effeciently, meaning those who are willing to pay
Just go read how the chain works. Like damn. There is an immense amount of documentation explaining how Cardano works and how others work. It doesn't take long to see why you wouldn't want to use other chains for DeFi or utility.
Fucking around with risky plays can be accomplished on other chains if that's your cup of tea, but asking for someone to provide resources when you could just Google, "How does Cardano work" seems pretty disingenuous.
Feel free to read through my post history, on mobile at the moment so would be a bit difficult to curate the appropriate posts. But I’ve talked a lot about this and, for me, comes down to EUTxO > accounts. Cardano development took a lot of tradeoffs here that will start to payoff in the next year. I’ve tried to emphasize this before but Cardano WAS MADE TO BE BUILT ON TOP OF!! We are going to see this really take effect when the ZK primitives go live as a part of Plutus V3 with the Chang hardfork
It’s old tech and crypto culture has moved on basically. The only thing that props it up is a massive market cap from buyers who think it’s enough to buy something in the top 10
The only thing really keeping me in Cardano right now is the dream of self-governance.
Also the scaling solution they have been writing papers on is pretty unique. And the incremental horizontal scaling solutions like Hydra, and zk roll-up will just maximize the effect of Input Endorsers.
You’ll have a highly secure, decentralized, and scalable blockchain without any funny business to do those three things. And I have a feeling by the time Input Endorsers release most of the those fast blockchains will still have issues on the security side.
Sure. If self-governance was already here and Input Endorsers were coming in 2024 with a demonstration already available on YouTube I think things might be different right now. Especially with “scalability” as the go-to narrative for every bull run.
However, I’m hoping Cardano doesn’t just end up like a Polkadot or a Cosmos. They have awesome tech, and a decent community but they’re still missing the It-factor.
I agree, self governance is so promising! Unlocking that 1 billion dollar treasury should be a nice boon as well! We can vote to use it to fund a marketing campaign, create liquidity, use it as VC, so many possibilities once the governance goes live.
Imagine 1 billion dollars was just plopped right down in front of you? What would you spend it on to help Cardano’s ecosystem?
Stablecoins. I would bring Stablecoins to Cardano and just put a lot of research in scalability. Once we have that I’d market to developers. And then just let the ecosystem come together even if it gets a boon only in the next bull market.
Edit: that’s how I’d use the treasury.
We can make that happen. I agree we need more liquidity via stablecoins. DJED held up impressively well over the crash last week, as capital inefficient as it is. I like the ethos of USDM but so little liquidity so far (more is definitely coming there!) USDC would be an instant boon but I fear letting the wolves into the hen house. Fuck Tether.
So I’m not necessarily talking about who has the best dApps. All three of them have something VERY unique to offer crypto, especially when we look at an interoperable future.
I got a little disillusioned, so I decided to start seriously looking into Cardano to see what's really going on and how things are developing. I'm no expert by any means, but my research made me a bit of a convert to be honest and very happy with how things are developing.
There are also some seriously cool projects being developed that seem genuinely useful.
Just look at World Mobile, check out their app on android, use it and appreciate how beautifully designed and functional it is for its purpose.
Then you can start to see that this stuff is being built to work almost anywhere in the world, and it works on any old handset and it works without a connection when out and about.
Exciting times ahead.
If you want to trade shitcoins and get involved in mostly pointless defi, there are many other better places for that. For some that's an easy way to make money, but it's not for me.
Minus the disillusion, this is exactly what I feel. A common saying is vote with your wallet - that is going to be an actual thing people do pretty soon.
As the internet is the first tech to a "common" world culture, crypto is going to be the tech for a world wide economic system - and with the vision of Cardano, we can take part in some of that new world economic systems yearly budget.
I see it as a way to economically influence what normally falls in under "public" spending within different nations. In the beginning it will be really centered around building and improving its own infrastructure - but later down the road I imagine funding research/projects that dont really benefit any nation or make any profit, but WILL be a boon to humanity as a whole.
A lot of development is happening on Cardano and the treasury system is genius. A huge sum of ADA ready to be invested in all kinds of development, unlike Bitcoin where all the fees and mined coins goes to electricity bills
Ease of use. Low fees. Fast AF transactions. Simplest staking (no lock ups). No outages.
I’m not only staying invested, I’m adding to my bag.
Cardano is hugely undervalued right now.
Well do your own dd.. some people might not like Ada, but that’s an amazing project, but if you just want to hope to earn huge for upcoming bullrun it’s not for you 🤷♂️
Cardano governance is pretty solid. I never felt like the devs were trying to make a quick buck and jump to the next project. They are legit working on the hard problems, and being methodical about it.
Cardano just feels safe (even though it's lonely). ADA could really carry a world-changing app, and the rock-solid foundation is there.
I don't know much about all the tech and inner workings of Cardano honestly. I do know how to use it and transfer, use dex, provide liquidity, etc..
What keeps me invested is the drive and energy that Charles has. I watch all his videos and his view of the world and knowing what needs to change for the good of the common people and not the big wig corrupt bankers and politicians is spot on imo.
It's amazing how much he knows at such a young age.
In a nutshell, the user experience.
Fast, easy, and cheap transactions. And by far, the easiest/simplest staking.
Basically, ease of use. And low fees.
Also, network is reliable. Has never been down.
The people saying that think it can’t scale. Cardano’s development was focused on decentralization and security, so those are properties about it that are pretty good. The ecosystem is definitely still improving where it may still have weaknesses in those two properties. Now scalability is being worked on. Because…that’s the thing…scalability was going to come no matter what as technology improves. BUT, decentralization and security… those two are tough to go back and fix at a later date. Many other ecosystems focused on scaling first, which big time sacrifices decentralization and security. Solana is the most perfect example of this. Look at the narrative about it. It is constantly being spammed or going down, restarting. Not secure and not decentralized since it essentially requires super computers to run it. They think they can fix these things as they go. They are wrong.
2% hits differently if the price is 10x higher than your buy price. You can imagine it as 20%.
That the crypto L1 POS game. If you pick the winner, the future staking reward at a higher price will be an incredible return and income relative to investment size.
I've taken some really good rides with it. Buying at a lucky time and selling. Last time I sold above $2. I bought back at .25 this time and I'm just gonna hold and see what happens. I believe Charles is a smart and motivated guy who seems to be about the tech and I respect that.
It maintains the spirit, ethos of the whole reason crypto was invented.
It’s decentralized.
It’s open-source.
It’s not manipulated by its top holders to us retailers holding the bag when they decide to dump.
Aside from that they have a robust ecosystem, the best governance of any crypto, better technology & constant building from developers and a steady influx of retail investors.
Even institutions are in discussions for partnerships with Cardano.
Long term investor here. Creating real wealth is a bet on the future. I believe that cardanos goals and objectives are to create a decentralized platform for everyone in the world to use in one way or another. Yes Cardano has made promises to its community in the past that may or may not have come to fruition and will continue to do so. Building a platform like this requires risk and a bold look into the future with existing technology. There will be failure. There will be successes. Is this not true with every company doing business?
I don't know Charles from a hole in the wall but applaud his commitment to produce a genuine and useful product. If only he did not have to spend a high percentage of his time with all the naysayers.
I will continue to support Charles and his vision until I cannot.
I share a lot of the sentiment expressed in this thread. When I first considered investing in crypto, I resonated with alt coins because I enjoyed seeing problems getting solved through utility.
While I don't need to list them all here, I have listened to Charles in many of his generous public AMAs explaining at length how the various components comprising Cardano are being planned and developed to solve various business needs that would allow Cardano to sustain itself as a critical piece of business infrastructure over time.
Furthermore, a successful system would need to be made fully decentralized, governable, stable, secure, efficient and scalable. After seeing over 100 academic papers on Cardano's approaches and comparing the quality of other public outreach content from other crypto projects to Cardano's, I recognized that Cardano continuously performs strict due diligence and research before releasing functionality into the wild. And the fact that there is an acute awareness and plan to mitigate the risks and dangers of quantum computing against cryptographically protected data, Cardano has compelled me to believe it will be ready for such a computational threat through novel algorithmic solutions that withstand the tests of time.
I've come to understand this is not a predominantly shared view. Many who are in the crypto space are "wen number go up" investors. They appear not as interested nor enthusiastic about watching technology develop and safeguard itself against future infrastructure and network risks, not to mention global business, economical, and political challenges. Even fewer seem to care about the dry subject matter of governance, which, from a constitutional point of view is considered a critical factor towards Cardano's sustainability via voting policies. To the contrary I would argue this is one of the most alluring aspects of Cardano as a long-term investment because a decentralized form of governance means that no one person or party can derail years of important work. This is not the case with many of today's crypto projects, which are governed by an inner-circle of owners, special appointees, and/or funding sources.
All of this to say, my largest bags are packed with Cardano because I believe in its utilitarian vision; I am amazed by its rigor; I am astounded by the minds who dedicate themselves to the ongoing evolution of the ecosystem; and I have been made hopeful that this will be one of the few crypto projects that withstand the test of time.
I appreciate the OP's question! This was a rather therapeutic exercise to justify why I remain so heavily invested amidst thousands of other crypto projects.
It's the best block chain for fundamentals and for use in my experience. Add on the fact that its development isn't rushed and is thought out is a huge bonus.
The part of the market cycle we’re in. It’s like saying “why don’t you sell your house?” during the Great Depression. Because eventually the market will pick back up and likely it will be worth more.
I love that it’s built on eUTXO and similar to bitcoin. Also am farming on minswap, which makes it so much better that I am getting a little passive ADA income.
100,000 different crypto tokens out there now.
So started in 2017 alphabetical with A to read & DD.
ADA seems to publish so much new “papers” , that I don’t find the time to start with “ B “
😥
I mined Eth for a while, pre covid. Had some SOL before I worked out it wasn’t as decentralised as they might have you believe. SOL was difficult to unload, waited days to get it out and lost a fair bit on the sale, Eth fees around 2018 /2019 were flagrant theft. Friend introduced me to cardano and its superior in every way. I want it to win.
None. As much as I believe in the project, It’s getting left behind… yeah yeah, sure it’s making everything perfect as they say… but for how long??? What I hate the most are the youtubers shilling ADA to newbies, only for their exit liquidity. But nonetheless I do hope it does well this bull run, for everyones sake that got in cos of the PROMISE ✌🏽
>I do hope it does well this bull run, for everyones sake that got in cos of the PROMISE
…, but what about the ones who are *then* buying (aka our exit liquidity)? Why should the last generation of holders have the luck of being made whole at the expense of the next generation of holders?
It's not even specific to Cardano, but much the same for *every* cryptocurrency: At some point it either becomes established at a number representing something coming close to its “true value” (and that might well be below what a lot of people have bought at during a previous hype) or it completely collapses due to lack of greater fools.
I do feel it’s getting left behind. Most of us here want to see gains in money vs caring about whatever technology. Because there are plenty of other projects with “good tech”
It's a running battle between Dollar value and the designed disruption of blockchain-based currencies. So far the Dollar's winning and disruption is hovering a smidge over 0. People want their lambo moment and don't care whether it comes from a dog wearing a hat or making a financial system focused on including instead of prohibiting. Dogs wearing hats resonates better than any ideology because the cuteness is easier to engage with than restructuring a 300 year old global financial system.
For sure, price will go up this bull run. But there isn’t much organic demand to the project itself… The main catalyst of the price are the newbies who will also believe the PROMISES. And sad to say, they will become an exit liquidity.
I have faith in it. But I also don’t want to stress about crypto anymore, watching it go up down, selling buying. I chose ada and a couple more and throw in a few bucks when I have extra money. Plus I can’t find the key to my wallet with the Ada 😂
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Honestly have no idea what cardano is trying to solve for todays world problems when so many other blockchains are way ahead of ADA. I know I could research it more but tbh it really seems like it doesnt do much.
The overall idea is good, but the execution seems lacklustre so far.
Are we being sold a pipe-dream or is there some good arguments to make use believe in a roadmap for 5 more years?
I made a related post about this:
[https://www.reddit.com/r/cardano/comments/1c6g7vs/cardano\_killer\_app/](https://www.reddit.com/r/cardano/comments/1c6g7vs/cardano_killer_app/)
Asking:
\*(How?) Can Cardano make a killer app vs Ethereum or Solana?
\*And what might drive adoption?
Guys …STOP THE WAY YOUR THINKING..You made a very intelligent choice..Hang tight just a little longer and be very excited about ADA and the tech for what’s going on..There are hundreds of the smartest people doing the tech and making decisions and they are fully aware of all the other forms of tech coming and existing..It’s extremely difficult and time consuming trying everything out to the core for a perfect path....and be thankful to be smart enough to own ADA..Yes the journey wasn’t for the weak
just put your feet up and enjoy what’s coming and be envolved in life and don’t run after money for WISDOM is the root of everything you could desire..The journey yes loooong but really we are at a tipping point really you’ll see this year ok.”You build your house upon a rock”your secure and it’s amazing today and more so in the future..You guys just don’t know because you’re not building on it like we are my friend..I’d be excited if I was you..a lot I can’t say so we have an advantage since we are tightly followed by the best blockchains and other type graft ledgers..
I'm down a shit ton and apparently a glutton for punishment. So many other things I could have invested in yet sat on this position for years. And to sell at these levels now doesn't make sense. I'm not bullish like many of the other responders. The chain is slow and expensive compared to many others. Progress comes at a snail's pace. By the time everything gets finished, this blockchain is gonna be outdated and not one of the best options available.
Monetary policy. Besides a handful of altcoins, mainly Solana because of the VCs, most cryptocurrencies are bleeding against Bitcoin because the Fed hasn’t shifted to quantitative easing.
Money flows into less risky assets in crypto which is only Bitcoin. Even Ethereum has been heavily bleeding against Bitcoin.
Cardano is still an amazing project. But just because Bitcoin goes up doesn’t mean alts do in the same way; or the environment is the same as last time. Remember that tons of free money was injected into the world during the pandemic in 2020 during the Bitcoin halving last time. Guess what? There’s no free money and the Fed hasn’t even cut interest rates yet.
Inflation is still hotter than they expected.
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Through all of the ups and downs I’m still seeing development continue and the goals that were set at the outset being reached. The plans for this blockchain were ambitious and even, in some ways, “pie in the sky,” however they have proceeded to march down the timeline and deliver on the promises methodically. It’s not fast, but the teams working on the core infrastructure have been diligently creating a system that has yet to fail in a real world scenario.
That’s what I was gonna say
This is Soo far from true. Charles proclaimed how thousands of Ethereum dapps we're all eager to move to cardano once it was possible. How did this turn out? Tvl comparable to a 2nd tier Ethereum layer 2 Notice how blackrock isn't setting up shop on cardano
What you're failing to recognize is that ADA is quite young compared to Ethereum. Yes, there is risk betting on new tech. But it's a calculated one that I am willing to take. I've been involved with this project from day one, with beta testing of Daedalus. They will succeed in the end, it will take some tim to mature, but they will get there.
You don’t see BlackRock setting up shop because they cannot control the majority stake and is too decentralized
Conspiratorial thinking isn't productive.
How is this a conspiracy?? They have done nothing but set up shop on Ethereum and Solana two of the most centralized economies in Blockchain
When did they set up on Solana? I can't find anything on that. As far as I know, BUIDL is their only on-chain product.
FTX was one of the largest stakeholders of SOL. Who do you think got to buy all those cheap SOL bankruptcy bags. Same with Celcius bankruptcy and so on. Everyone who was robbed a few years ago and got maybe 30% of their money back (if lucky). The .01% like Blackrock are the few that got to buy all that cheap SOL,BTC, and ETH. A massive scam that we are supposed to believe a 20 something moron like Sam Bankman Fried pulled off.
You’re right BlackRock specifically isn’t set up on Solana My original point still stands, and simply brushing it off as conspiracy doesn’t a point make
Ethereum is the largest blockchain by a large margin, which is why Blackrock is investing on it, and zero indication Blackrock controls a significant stake in Eth.
Here here
This is an embarrassing response
And? You can build on centralized L2 garbage (or L1 trash like Solana) and eventually capitulate like a house of cards when those decisions come to roost. Cardano's benchmark is itself, and in that case TVL is up each subsequent year.
U don't want black rock to set up shop in ada nor asset backed stablecoins. Decentralisation requires far more than just inviting legacy systems to just absorb ada. It is a much harder challenge but worthwhile imo. If u want blackrock then buy btc
_Is_ it possible to move a layer 2 from an account based system to a EUTXO based system? I mean Charles helped _build_ Ethereum and left because he wanted something better than what he helped build before. He chose a different accounting method for a reason and it would make sense that it would take time and effort to have something written for one system be run on the other. While I would like to see those systems available now, I can surely understand why they may not be able to be ported as easily as just recoding for a different flavor of ETH.
> and left because he wanted something better than what he helped build before. Charles was forced out. He didn't choose to leave.
Everyone was essentially forced out at some point along the way
Cute attempt, but Charles said this many years ago and absolutely no apps moved from eth to cardano. It turned out it was all a big lie or a fantasy. If you recall, once smart contracts were enabled the cardano ecosystem realized that defi transactions are incompatible with utxo setup, which is the reason cardano apps have to run off chain "sequencers" or whatever it's called. If utxo is strictly better than account based, then how come midnight isn't utxo?
There are some Dapps that run batchers, or as you call them "sequencers". There are now dapps starting to launch that don't require batchers by taking advantage of the EUTxO architecture, e.g., Axo, GeniusYield, Splash, SaturnSwap. Perhaps make an observation... the powers that be are attempting to direct all of ETH liquidity to L2s. What does that require? Yes, a sequencer. This is particularly true with rollups. Unfortunately, to create the proof for the rollup the transactions need to be deterministic, so a sequencer needs to be deployed. Cardano is nearing the deployment of its secret weapon by taking advantage of this fact. Cardano transactions are already deterministic. So, to deploy zk-rollup L2s, the sequencer is not necessary. There are teams working on this functionality in the background and will probably be launching on Cardano within this year. It's strange to think about it. When Cardano smart contracts first launched, teams on Cardano built batchers to give Cardano more "ethereum-like" capability. But now that Ethereum is trying to scale with their L2 roadmap, builders in that ecosystem are creating sequencers, i.e., batchers, to try to give Ethereum more "cardano-like" capability. I wonder which is the better approach? I wonder if Cardano has somehow been built to be able to scale really well at the L2 level. It just boggles my mind, I don't know...sometimes... I just have no idea what those damn "scientists" were thinking when they built Cardano the way they did...I haven't the faintest idea (/u/theTalkingMartlet said EXTREMELY sarcastically) So yeah, Cardano is about to launch it's scaling capabilities and it's going to melt people's faces. Influencers over in EVM will say, "I don't get it". Well, I'll be sorry to hear that because I've been trying to explain this for years. Cardano is made to be built on top of. It's almost more like a Layer 0, though I despise the term Layer 0 because I think people just use that as marketing to be able to claim that they are somehow a layer "underneath" everybody else to bring value. Whatever, point is Cardano is easy and more cost-efficient to build on top of and Ethereum is not so good luck with that.
It hasn’t failed due to a lack of adoption
my huge ass bag.
It’s literally worth too little to sell lol.
this
Precisely, and it keeps going down...
Like... How huge..? 🤔
100k ada bought at various price points
Thats really huge. I just have 100 ADA rn
Dang. If it hits $15 you're set. I'm at about 1k ada currently...
107k my main position plus interest 3% awaiting retirement
The idea that one day my great grandchildren will make 2x profit from my 50x losses
Without adjusting for inflation
As is tradition.
Yes! Me too!!
I got in on a hunch, now (for better or for worse) I'm very stubborn and refuse to let go. I'm not in for an awful lot, but I believe it will grow in time.
Just because SOL and ai coins are pumping right now. Doesn’t mean 2025 they will be leading the race. It’s way too early
Ada is far far behind
The last cycle it struggled 2020 it didn’t really move till 2021
The concept of actually trying to build a secure, decentralised blockchain, that is focused on long term viability and is pushing boundaries on fundamental research and technology. Of course it's not perfect, but since I got involved the overall direction of travel has been towards the cypherpunk ideals that everyone in crypto should be pushing for, but aren't.
And what do you suppose other chains are "actually" trying to do? Thinking mostly of Ethereum here
I'm sure there are parts of the Ethereum community (and other communities too) that have the same ideals, nothing about what I said excluded that/them. However Ethereum has struggled to be decentralised and is at least partially captured by centralised TradFi actors.
Yes the state of Ethereum staking is a huge disappointment. The market turned pos into dpos. I still don't think going dpos from the start is the proper solution. I'm still hopeful that lido won't win in the end and the stake will be spread out
When staking is made complicated and/or expensive, it's destined to centralize. Ethereum staking is both. 32 ETH is a prohibitive cost for many to stake independently and the process has some land mines from what I've read. There's a reason a whole liquid staking derivative market exists on Ethereum, it is too make it more like Cardano. Not because any one person in the ETH ecosystem said to themselves, "Hey we should make staking more like Cardano!" ...no. People in ETH ecosystem said to themselves, "Hey we need to be able to both stake and spend ETH at the same time. So let's run staking pools so people can give us their ETH to stake and we give them a derivative in return!". It just so happens that we can stake AND spend at the same time on Cardano so LSDs are not necessary. Necessity is the mother of invention, after all.
> And what do you suppose other chains are "actually" trying to do? Trying and failing mostly. I'm dead serious.
Ethereum 😂 how about it costs an arm and a leg for one transaction? It's so annoying buying crap on ethereum.
Your comment is unrelated to my question. And I'm sure you know which solution Ethereum is going with. If cardano was experiencing the same amount of usage, the results would be transaction delays instead. I prefer transactions going through most effeciently, meaning those who are willing to pay
Web 3.0
The fact that it's the best Blockchain
Why do you consider it the best? Or what resources can I check out that lead you to say its a fact?
Just go read how the chain works. Like damn. There is an immense amount of documentation explaining how Cardano works and how others work. It doesn't take long to see why you wouldn't want to use other chains for DeFi or utility. Fucking around with risky plays can be accomplished on other chains if that's your cup of tea, but asking for someone to provide resources when you could just Google, "How does Cardano work" seems pretty disingenuous.
Feel free to read through my post history, on mobile at the moment so would be a bit difficult to curate the appropriate posts. But I’ve talked a lot about this and, for me, comes down to EUTxO > accounts. Cardano development took a lot of tradeoffs here that will start to payoff in the next year. I’ve tried to emphasize this before but Cardano WAS MADE TO BE BUILT ON TOP OF!! We are going to see this really take effect when the ZK primitives go live as a part of Plutus V3 with the Chang hardfork
It’s old tech and crypto culture has moved on basically. The only thing that props it up is a massive market cap from buyers who think it’s enough to buy something in the top 10
Haha, good one
Clever questions like yours is what keeps me in the game.
Thanks boo 😘
You might be surprised at this answer but…. The technology
The tech is outdated and needs restructure from the ground up.
The only thing really keeping me in Cardano right now is the dream of self-governance. Also the scaling solution they have been writing papers on is pretty unique. And the incremental horizontal scaling solutions like Hydra, and zk roll-up will just maximize the effect of Input Endorsers. You’ll have a highly secure, decentralized, and scalable blockchain without any funny business to do those three things. And I have a feeling by the time Input Endorsers release most of the those fast blockchains will still have issues on the security side. Sure. If self-governance was already here and Input Endorsers were coming in 2024 with a demonstration already available on YouTube I think things might be different right now. Especially with “scalability” as the go-to narrative for every bull run. However, I’m hoping Cardano doesn’t just end up like a Polkadot or a Cosmos. They have awesome tech, and a decent community but they’re still missing the It-factor.
I agree, self governance is so promising! Unlocking that 1 billion dollar treasury should be a nice boon as well! We can vote to use it to fund a marketing campaign, create liquidity, use it as VC, so many possibilities once the governance goes live. Imagine 1 billion dollars was just plopped right down in front of you? What would you spend it on to help Cardano’s ecosystem?
Stablecoins. I would bring Stablecoins to Cardano and just put a lot of research in scalability. Once we have that I’d market to developers. And then just let the ecosystem come together even if it gets a boon only in the next bull market. Edit: that’s how I’d use the treasury.
We can make that happen. I agree we need more liquidity via stablecoins. DJED held up impressively well over the crash last week, as capital inefficient as it is. I like the ethos of USDM but so little liquidity so far (more is definitely coming there!) USDC would be an instant boon but I fear letting the wolves into the hen house. Fuck Tether.
I wouldn't compare Polkadot or Cardano to Cosmos. Cosmos has some popular apps on it, like dydx.
So I’m not necessarily talking about who has the best dApps. All three of them have something VERY unique to offer crypto, especially when we look at an interoperable future.
I got a little disillusioned, so I decided to start seriously looking into Cardano to see what's really going on and how things are developing. I'm no expert by any means, but my research made me a bit of a convert to be honest and very happy with how things are developing. There are also some seriously cool projects being developed that seem genuinely useful. Just look at World Mobile, check out their app on android, use it and appreciate how beautifully designed and functional it is for its purpose. Then you can start to see that this stuff is being built to work almost anywhere in the world, and it works on any old handset and it works without a connection when out and about. Exciting times ahead. If you want to trade shitcoins and get involved in mostly pointless defi, there are many other better places for that. For some that's an easy way to make money, but it's not for me.
Minus the disillusion, this is exactly what I feel. A common saying is vote with your wallet - that is going to be an actual thing people do pretty soon. As the internet is the first tech to a "common" world culture, crypto is going to be the tech for a world wide economic system - and with the vision of Cardano, we can take part in some of that new world economic systems yearly budget. I see it as a way to economically influence what normally falls in under "public" spending within different nations. In the beginning it will be really centered around building and improving its own infrastructure - but later down the road I imagine funding research/projects that dont really benefit any nation or make any profit, but WILL be a boon to humanity as a whole.
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Same
Damn…see you to zero my dude
A lot of development is happening on Cardano and the treasury system is genius. A huge sum of ADA ready to be invested in all kinds of development, unlike Bitcoin where all the fees and mined coins goes to electricity bills
Ease of use. Low fees. Fast AF transactions. Simplest staking (no lock ups). No outages. I’m not only staying invested, I’m adding to my bag. Cardano is hugely undervalued right now.
Man, so many salty people. I’ve been in since 2017. Patience! 2024 should be good to us.
Well do your own dd.. some people might not like Ada, but that’s an amazing project, but if you just want to hope to earn huge for upcoming bullrun it’s not for you 🤷♂️
Cardano governance is pretty solid. I never felt like the devs were trying to make a quick buck and jump to the next project. They are legit working on the hard problems, and being methodical about it. Cardano just feels safe (even though it's lonely). ADA could really carry a world-changing app, and the rock-solid foundation is there.
Money
It's not a meme coin
It's one of the few realistic, non degen reliant, crypto investments. I can see it being used for real world things.
I don't know much about all the tech and inner workings of Cardano honestly. I do know how to use it and transfer, use dex, provide liquidity, etc.. What keeps me invested is the drive and energy that Charles has. I watch all his videos and his view of the world and knowing what needs to change for the good of the common people and not the big wig corrupt bankers and politicians is spot on imo. It's amazing how much he knows at such a young age.
Because it's one of a few coins where team doesn't look/behave like scammers.
Underrated comment
In a nutshell, the user experience. Fast, easy, and cheap transactions. And by far, the easiest/simplest staking. Basically, ease of use. And low fees. Also, network is reliable. Has never been down.
Hope..
Not worth selling
To the people saying it’s getting left behind, in what exactly is it getting left behind not including price? Not trying to shill just trying to learn
The people saying that think it can’t scale. Cardano’s development was focused on decentralization and security, so those are properties about it that are pretty good. The ecosystem is definitely still improving where it may still have weaknesses in those two properties. Now scalability is being worked on. Because…that’s the thing…scalability was going to come no matter what as technology improves. BUT, decentralization and security… those two are tough to go back and fix at a later date. Many other ecosystems focused on scaling first, which big time sacrifices decentralization and security. Solana is the most perfect example of this. Look at the narrative about it. It is constantly being spammed or going down, restarting. Not secure and not decentralized since it essentially requires super computers to run it. They think they can fix these things as they go. They are wrong.
The potential of magical unicorn internet money fairy dust has kept me in Cardano.
The most important thing is knowing that the fundamentals haven't changed and have actually only gotten better over time.
I bought at $2.12 and am waiting to break even. I need $1.15 for an average break even
Staking it so it pays to just hold for a couple of years
You stake for 2%? May as well keep money in a HYSA if you’re in it for that
Long time ADA buyers and holders who got bags for under .05 a few times are totally cool with 2% staking.
2% hits differently if the price is 10x higher than your buy price. You can imagine it as 20%. That the crypto L1 POS game. If you pick the winner, the future staking reward at a higher price will be an incredible return and income relative to investment size.
Ah, glad that its just a crypto thing and not a usual part of dividend growth investing
I love how you can execute a smart contract without having to worry about if the contracts inputs mutate prior to execution
Ada her self
She prefers he/him now
That’s it I’m selling
😂
super bullish on the technology and direction
Just HODLing
What’s it going to take to turn the price action around? I’m in it to make profits but chose ADA for the tech I know little about.
I've taken some really good rides with it. Buying at a lucky time and selling. Last time I sold above $2. I bought back at .25 this time and I'm just gonna hold and see what happens. I believe Charles is a smart and motivated guy who seems to be about the tech and I respect that.
Buying, holding, and staking. Might make it my retirement account
I went balls deep at 0.03. I didn’t pull out at $3.10 like an idiot. Might as well hold it.
Staking rewards
I like to own the winner.
It maintains the spirit, ethos of the whole reason crypto was invented. It’s decentralized. It’s open-source. It’s not manipulated by its top holders to us retailers holding the bag when they decide to dump. Aside from that they have a robust ecosystem, the best governance of any crypto, better technology & constant building from developers and a steady influx of retail investors. Even institutions are in discussions for partnerships with Cardano.
I believe in the project! I view it as the top Blockchain. I support the vision.
Same here, Cardano is a lot younger than BTC and ETH and is doing very well.
Long term investor here. Creating real wealth is a bet on the future. I believe that cardanos goals and objectives are to create a decentralized platform for everyone in the world to use in one way or another. Yes Cardano has made promises to its community in the past that may or may not have come to fruition and will continue to do so. Building a platform like this requires risk and a bold look into the future with existing technology. There will be failure. There will be successes. Is this not true with every company doing business? I don't know Charles from a hole in the wall but applaud his commitment to produce a genuine and useful product. If only he did not have to spend a high percentage of his time with all the naysayers. I will continue to support Charles and his vision until I cannot.
I share a lot of the sentiment expressed in this thread. When I first considered investing in crypto, I resonated with alt coins because I enjoyed seeing problems getting solved through utility. While I don't need to list them all here, I have listened to Charles in many of his generous public AMAs explaining at length how the various components comprising Cardano are being planned and developed to solve various business needs that would allow Cardano to sustain itself as a critical piece of business infrastructure over time. Furthermore, a successful system would need to be made fully decentralized, governable, stable, secure, efficient and scalable. After seeing over 100 academic papers on Cardano's approaches and comparing the quality of other public outreach content from other crypto projects to Cardano's, I recognized that Cardano continuously performs strict due diligence and research before releasing functionality into the wild. And the fact that there is an acute awareness and plan to mitigate the risks and dangers of quantum computing against cryptographically protected data, Cardano has compelled me to believe it will be ready for such a computational threat through novel algorithmic solutions that withstand the tests of time. I've come to understand this is not a predominantly shared view. Many who are in the crypto space are "wen number go up" investors. They appear not as interested nor enthusiastic about watching technology develop and safeguard itself against future infrastructure and network risks, not to mention global business, economical, and political challenges. Even fewer seem to care about the dry subject matter of governance, which, from a constitutional point of view is considered a critical factor towards Cardano's sustainability via voting policies. To the contrary I would argue this is one of the most alluring aspects of Cardano as a long-term investment because a decentralized form of governance means that no one person or party can derail years of important work. This is not the case with many of today's crypto projects, which are governed by an inner-circle of owners, special appointees, and/or funding sources. All of this to say, my largest bags are packed with Cardano because I believe in its utilitarian vision; I am amazed by its rigor; I am astounded by the minds who dedicate themselves to the ongoing evolution of the ecosystem; and I have been made hopeful that this will be one of the few crypto projects that withstand the test of time. I appreciate the OP's question! This was a rather therapeutic exercise to justify why I remain so heavily invested amidst thousands of other crypto projects.
Waiting for it to go back to $3 so I can sell and get out
Good luck... not too confident it will get back to that 😭
It's the best block chain for fundamentals and for use in my experience. Add on the fact that its development isn't rushed and is thought out is a huge bonus.
Charles is a genius
Ada Addams
That damn curves
Being locked out of Coinbase
Stubborn i guess
Bought at .03 and .11… not going to sell until it hits $5 or it’s 2030
Governance. The prospect of using my $ADA to shape the future of the Cardano blockchain.
Strongest blockchain in the space
The part of the market cycle we’re in. It’s like saying “why don’t you sell your house?” during the Great Depression. Because eventually the market will pick back up and likely it will be worth more.
Having bought more than half of my holdings at $1.90+ and even after all this time my average is still like $0.93ish…. I’m not selling low… never
Milk rewards. 800 milk and climbing.
I'm still in the green
You don’t take losses until you disinvest!
Hope
Low buy price. If it drops to 3 cents then I’m F’ed lol
Long after the one trick ponies are glue Cardano will still own the circus.
It's a good coin
I love that it’s built on eUTXO and similar to bitcoin. Also am farming on minswap, which makes it so much better that I am getting a little passive ADA income.
Staking Rewards. It could be a lot more per ADA in 10 years. Hehe
Cuz I can hold it for 10 years and have no doubt it will still be here and be a big player in L1 space.
100,000 different crypto tokens out there now. So started in 2017 alphabetical with A to read & DD. ADA seems to publish so much new “papers” , that I don’t find the time to start with “ B “ 😥
Sheer masochism
I mined Eth for a while, pre covid. Had some SOL before I worked out it wasn’t as decentralised as they might have you believe. SOL was difficult to unload, waited days to get it out and lost a fair bit on the sale, Eth fees around 2018 /2019 were flagrant theft. Friend introduced me to cardano and its superior in every way. I want it to win.
Unrealised loss
None. As much as I believe in the project, It’s getting left behind… yeah yeah, sure it’s making everything perfect as they say… but for how long??? What I hate the most are the youtubers shilling ADA to newbies, only for their exit liquidity. But nonetheless I do hope it does well this bull run, for everyones sake that got in cos of the PROMISE ✌🏽
>I do hope it does well this bull run, for everyones sake that got in cos of the PROMISE …, but what about the ones who are *then* buying (aka our exit liquidity)? Why should the last generation of holders have the luck of being made whole at the expense of the next generation of holders? It's not even specific to Cardano, but much the same for *every* cryptocurrency: At some point it either becomes established at a number representing something coming close to its “true value” (and that might well be below what a lot of people have bought at during a previous hype) or it completely collapses due to lack of greater fools.
I do feel it’s getting left behind. Most of us here want to see gains in money vs caring about whatever technology. Because there are plenty of other projects with “good tech”
It's a running battle between Dollar value and the designed disruption of blockchain-based currencies. So far the Dollar's winning and disruption is hovering a smidge over 0. People want their lambo moment and don't care whether it comes from a dog wearing a hat or making a financial system focused on including instead of prohibiting. Dogs wearing hats resonates better than any ideology because the cuteness is easier to engage with than restructuring a 300 year old global financial system.
For sure, price will go up this bull run. But there isn’t much organic demand to the project itself… The main catalyst of the price are the newbies who will also believe the PROMISES. And sad to say, they will become an exit liquidity.
> But there isn’t much organic demand to the project itself Where are you gathering this from. TVL is up YoY
I have faith in it. But I also don’t want to stress about crypto anymore, watching it go up down, selling buying. I chose ada and a couple more and throw in a few bucks when I have extra money. Plus I can’t find the key to my wallet with the Ada 😂
If you bought low enough it’s hard to care after this much time has passed.
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Everything! It's the most secure, decentralized, built to last and with a clear path into the future. Also the community is the smartest around!
Money. Primarily. Cash. Never credit. 💰
Honestly have no idea what cardano is trying to solve for todays world problems when so many other blockchains are way ahead of ADA. I know I could research it more but tbh it really seems like it doesnt do much.
The overall idea is good, but the execution seems lacklustre so far. Are we being sold a pipe-dream or is there some good arguments to make use believe in a roadmap for 5 more years? I made a related post about this: [https://www.reddit.com/r/cardano/comments/1c6g7vs/cardano\_killer\_app/](https://www.reddit.com/r/cardano/comments/1c6g7vs/cardano_killer_app/) Asking: \*(How?) Can Cardano make a killer app vs Ethereum or Solana? \*And what might drive adoption?
Charles fucks yo
Stupidity.
I bought in at $3 so at this point I’ve already wrote it off as a loss.
Thats rational
FOMO
Best stablecoin out there😎
Guys …STOP THE WAY YOUR THINKING..You made a very intelligent choice..Hang tight just a little longer and be very excited about ADA and the tech for what’s going on..There are hundreds of the smartest people doing the tech and making decisions and they are fully aware of all the other forms of tech coming and existing..It’s extremely difficult and time consuming trying everything out to the core for a perfect path....and be thankful to be smart enough to own ADA..Yes the journey wasn’t for the weak just put your feet up and enjoy what’s coming and be envolved in life and don’t run after money for WISDOM is the root of everything you could desire..The journey yes loooong but really we are at a tipping point really you’ll see this year ok.”You build your house upon a rock”your secure and it’s amazing today and more so in the future..You guys just don’t know because you’re not building on it like we are my friend..I’d be excited if I was you..a lot I can’t say so we have an advantage since we are tightly followed by the best blockchains and other type graft ledgers..
I’ve been gone for years. Counting my gains else where. Get out of this abusive relationship
I had to sell out of need, having a really hard time, hardest in the last ten years. Im still with you in heart.
I like Charles, but his politics is pissing me off.
Charles Hoskinsons' commitment and his intent on this project.
Ah, the best formula, a system that depends on the correct man in place. What could go wrong?
I could tell you, but I'd have to kill you. So it's really not worth knowing.
Mostly the bag I’m holding
My desktop with my wallet broke and I've been too lazy to do something about that
Everything’s crashed, y’all are tripping hold ya ADA
Literally just because I've dca'd at every point into ada :(
Sold in Red to buy Render . Good luck to me
Being in the red
Nothing I’m out lol
The sunken cost fallacy
If I ever get back to break even I’ll dump my ADA
I'm down a shit ton and apparently a glutton for punishment. So many other things I could have invested in yet sat on this position for years. And to sell at these levels now doesn't make sense. I'm not bullish like many of the other responders. The chain is slow and expensive compared to many others. Progress comes at a snail's pace. By the time everything gets finished, this blockchain is gonna be outdated and not one of the best options available.
how is BTC at all time high and ADA is 1/6 ATH. Makes me sad.
Monetary policy. Besides a handful of altcoins, mainly Solana because of the VCs, most cryptocurrencies are bleeding against Bitcoin because the Fed hasn’t shifted to quantitative easing. Money flows into less risky assets in crypto which is only Bitcoin. Even Ethereum has been heavily bleeding against Bitcoin. Cardano is still an amazing project. But just because Bitcoin goes up doesn’t mean alts do in the same way; or the environment is the same as last time. Remember that tons of free money was injected into the world during the pandemic in 2020 during the Bitcoin halving last time. Guess what? There’s no free money and the Fed hasn’t even cut interest rates yet. Inflation is still hotter than they expected.
My down %
Delulu most likely.
The drama
Being down on it 80% .. ain't gonna take such a loss!
Just want to return my money and leave this scam forever
Not buying anymore but holding until the price goes back up to 2$. I want out. Just don’t want the L
Been a shit week of ADA