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

[mindlessobserver]

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.

It's Bidens infrastructure bill weighing on it. Existing DEXs are continuing to operate because the whole IRS reporting requirement in the bill is a jumbled mess. But ADA has bet the farm on setting up their SundaeSwap DEX, which thanks to Grandpa Joe has a huge raft of regulatory issues in front of it.

 

[shameful existence]

It's Bidens infrastructure bill weighing on it. Existing DEXs are continuing to operate because the whole IRS reporting requirement in the bill is a jumbled mess. But ADA has bet the farm on setting up their SundaeSwap DEX, which thanks to Grandpa Joe has a huge raft of regulatory issues in front of it.

Charles seems to be quite active regarding the legislative issues, making his latest streams boring by explaining what's in the works. Charming Congress can't be much harder than charming Africa, can it? Anyways, I'll go with blind optimism for a bit.

 

[Simple Moving Average]

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.

J.P. Morgan once had a friend who was so worried about his stock holdings that he could not sleep at night. The friend asked, ‘What should I do about my stocks?’ Morgan replied, ‘Sell down to your sleeping point’.

-attributed to the legendary Larry Livermore.

 

[shameful existence]

I was playing around at SundaeSwap - before the scooper went offline that is - and it's cute and all but I wish they had more concern for the average user. I didn't know you had to go change the settings of Nami to testnet. I didn't know how to "add collateral". I shouldn't have to go looking for those things elsewhere just because they didn't want to ruin the aesthetics of their Beta Guide with more text or whatever the reasoning was.

Interesting AMA yesterday. Charles spent a lot of time on the topic of "failure of information architecture", mostly in relation to covid. Some mathematics, some astrophysics, some fun.

 

[Fanatical Pragmatist]

Bought in for $10 at 99 cents a share.
Let's see how this ride goes!

 

[Tuturesque]

There seems to be a ton of derision towards Cardano lately, viewed as nothing but empty promises. I follow a lot of the development in the ecosystem and its shaping up to be a very exciting run this year. Lots of projects getting started.

The main issue people should know though is the network is very congested and probably won't be under full control by Feburary.