$ (ADA) Cardano - Ethereum's African half-brother

[mindlessobserver]

I watched most of Charles' latest streams and he seems to be very confident it's all happening in September. I tend to believe him. The one on the weekend was like an hour long motivational speech about love and community and bright future. He's getting good at this, but I can see how it rubs some people the wrong way. A bit MLM-ish.
I also genuinely like ADA and can't take profits on it due to some extreme hodl mindset so congrats to all who sold for 2.97.

Spoiler: The goal is not 150 USD, the goal is to destroy memecoins.

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Spoiler: Charles loves all of us. We make him not hide from the world anymore.

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Spoiler: Not everyone is here just to speculate. Cardano in 100 years.

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I am getting some strong Elizabeth Holmes vibes. His way of speaking is long on grand proclamations and visions, but very short on actual technical stuff. This may just be my suspicious nature kicking in. I can't back my suspicions up with anything but I see some huge red flags.

For one, in watching some of his livestream interviews, whenever he is asked a technical question like "why should I as a developer build an program on this platform rather then another like Ethereum or Thor, he goes into long winded monologs without actually answering the question in any technical sense.

He's huge on the "We aren't here to make money, we are here to change the world" shtick. That is a classic red flag. Never trust someone who says they are not interested in money. They are lying to you. That expensive looking modern art tastefully arranged behind him is laughing silently every time he says this.

 

[shameful existence]

That expensive looking modern art tastefully arranged behind him is laughing silently every time he says this.

I've always found his office a bit tasteless, partly because I thought he's just buying reproductions. But now that you mention it... some Waterhouse is in private collections so who knows. I'm sure Charles has GBP 1,140,000 to spend.

ETA: a new stuffed animal has been introduced today. This one to indicate the state of Alonzo.

 

[ForTheHoard]

Even if the project isn't totally water tight, I'm having a hard time arguing with the results. Most of my money was in bitcoin, but without buying for a month, I have double the value in ADA than in BTC. Also a hodler on this project so I don't plan on dumping at the top.

 

[shameful existence]

So we broke through two dollars in May and it only took four months and one of the worst crypto crashes in history to get ADA on a new ATH of 3.09.

 

[mindlessobserver]

I FUCKING KNEW IT

Cardano's Smart Contracts Face Major Scalability Issue

Cardano's EUTXO-based protocol design is drawing concurrency issues to the surface, making dApp builders search for clever solutions.

cryptobriefing.com

Cardano’s Smart Contracts Face Major Scalability Issue​

Key Takeaways​

• Cardano's EUTXO-based protocol design has proven challenging for decentralized application developers.
• Minswap, the first decentralized exchange to launch on Cardano testnet, faced immediate scaling issues last week.
• While several projects claim to have solved the concurrency issue, none have publicly revealed their solutions.

 

[BSV]

So far the Cardano 2021 summit can be summerized like this

Carl Henry Global

It's some weird digital summit. And I have listened to pitches that is so weird, and obscure.
Charles seems like a pretty intelectual guy that have achieved something good. (me at weird digital summit)

 

[Serin Spaghetti]

Charles gives me promises, as far as I know ADA is vaporware. Why sell me on your "product", when you can sell me promises instead? ETH isn't any better, gas prices are abysmal because of congestion in the network, Vatalik is a nerd but he splits the community with each development with Eth classic, Eth, and his up and coming Eth 2.0. Most of crypto is well garbage, they're all projects, not 100% complete products, their sites are susceptible to hax and are buggy as hell. Bitcoin is proof of work and is becoming old in the crypto space, plus it's a waste of energy and money, only thing going for it is people holding it. If you want a real product within the crypto space get Hex instead.

Psst edit: Look up Pulsechain...

 

[BSV]

Charles gives me promises, as far as I know ADA is vaporware. Why sell me on your "product", when you can sell me promises instead? ETH isn't any better, gas prices are abysmal because of congestion in the network, Vatalik is a nerd but he splits the community with each development with Eth classic, Eth, and his up and coming Eth 2.0. Most of crypto is well garbage they're all projects, not 100% complete products, they're sites are suseptible to hax and are buggy as hell. Bitcoin is proof of work and is becoming old in the crypto space, plus it's a waste of energy and money only thing going for it is people holding it. If you want a real product within the crypto space get Hex instead.

Psst edit: Look up Pulsechain...

I think it's good as far as development, and positive steps are being taken. There where some legitimate good ideas at the Cardano Summit. But it was also so much, yeah I suppose "vaporware" presented with very poor production value of the pitch. This Danish Woman with a green screen and green eye shadow, and some nigger sitting in a room with the worst acoustics which totally drown out his words. is two examples that Comes to mind. I don't even know what they where selling, but it was funny to watch. They made Carl Henry global look like an expert.

Carl Henry Global - 001 Cardano Powering Planet Improvement

Carl Henry Global - Helping people build Online Businesses and create a financially free lifestyle. Please visit our website: http://www.carlhenryglobal.com...

www.youtube.com

I think in terms of growth, it's good with easy access and giving everyone an opportunity. But in many cases there was hard to see the use cases for the pitch people where making. On the other hand, it seem like Cardano is making a good framework to put things on, and I think Charles Hoskinson have a big advantage having Learned from the mistakes with Etherium. And rather then having to try to fix something that is broken, he will have an easier way developing something new from the ground up. And aside from the obscure stuff, it seem they are getting some serious partners that can implement the Cardano blockchain in to some stuff that would have real world use cases.

 

[mindlessobserver]

I still hate Cardano, but the clowns are in charge of the economy now and Cardano is about to make a push soon I think. Dammit.

 

[shameful existence]

I still hate Cardano, but the clowns are in charge of the economy now and Cardano is about to make a push soon I think. Dammit.

I've been feeling confident about this, though some usual suspects making this prediction very vocally has made me slightly uneasy in the last couple of days.

 

[mindlessobserver]

I've been feeling confident about this, though some usual suspects making this prediction very vocally has made me slightly uneasy in the last couple of days.

The clowns are in charge of this economy.

 

[God of Nothing]

Another thousand of my money in crypto
it's going to double quickly, I know, but I must hodl

 

[Lodoss Warrior]

Is why I always hold and don’t think too much about any coin‘s actual viability.

It’s a joke, but not one any more particularly offensive than the stock market or our current economy.

 

[God of Nothing]

Is why I always hold and don’t think too much about any coin‘s actual viability.

It’s a joke, but not one any more particularly offensive than the stock market or our current economy.

50% capital gains tax
totally helpful and not a giant dissuasion from investing at all

 

[CivilianOfTheFandomWars]

After skimming this thread and coming to the conclusion that whatever the fuck this shit is is retarded, I traded some of my BTC for ADA because I bought a very fancy steak dinner with my DOGE earnings and therefore am a master at market speculation.

 

[Simple Moving Average]

After skimming this thread and coming to the conclusion that whatever the fuck this shit is is exceptional, I traded some of my BTC for ADA because I bought a very fancy steak dinner with my DOGE earnings and therefore am a master at market speculation.

Ygmi

 

[The Wicked Mitch]

ADA has been a total bitch lately, refuses to move from $2

 

[Treasure Champs]

ADA has been a total bitch lately, refuses to move from $2

It's because they don't have a working DEX on the blockchain. Supposedly they're going to launch Sundaeswop in a couple of weeks. The price is stagnant because their project isn't moving, but it should jump as soon as it launches.

 

[ForTheHoard]

It's because they don't have a working DEX on the blockchain. Supposedly they're going to launch Sundaeswop in a couple of weeks. The price is stagnant because their project isn't moving, but it should jump as soon as it launches.

Do the crypto provisions in the US infrastructure bill effect their ability to run a DEX, or does it only limit money lending?

 

[shameful existence]

I've thrown more cash into ADA out of stubbornness. Can't quite have an opinion on all the technical aspects, but even I can tell the FUD has been over the top and nothing about it seems remotely substantial. So now I'm over-involved, both financially and emotionally, which I'm sure will lead to some great ends.