Cardano ADA Price Economic Crisis

Cardano (ADA) Work Well Done for Price to Automate Expectation of an Economic Crisis Mounting

July 13, 2020 Off By Maheen Hernandez

While there have already been repeat reports about a particular scam, instead of going away, the scammers seem to be ramping up.

Charles Hoskinson tweeted:  “It has come to my attention that a scam has been floating around using my conference keynote to promote a giveaway youtu.be/MqeEhezvI1s this is a scam. Please report it to YouTube. We will take legal action if we can against those responsible.”

Cardano are making it very clear that the officials and entities at ADA will never ask to send your fund keys, do free giveaways, DM first or without approval, try to defraud, promise high/double returns which sound too good to be true.

The bold vision for ADA has been long set by Charles and it was already revealed in a whiteboard video which detailed the bold vision for blockchain partnerships, cross-channel communications, and a multi-asset future.  They are preparing Cardano to transit well from being a single chain to an interoperable “Internet of Blockchains.”  Of note the white board video spoke about the government as a Service (Gaas).

Sydney Ifergan, the crypto expert tweeted:  “Improving Cardano (ADA) is a team effort.  They are working through a formal CIP to get things going.  Everything about Cardano is organized.”

Cardano (ADA) 2020 Summit

Stephen Wolfram has been working for long making everything in the world expressible computationally and he spoke a lot about this at the Cardano 2020 summit.

He spoke in detail about the relationship between fundamental physics and the world of blockchain. He recalled how he got involved in the blockchain world basically through the smart contract business, because when you set up a contract when something is supposed to happen autonomously, and computationally one of the questions is on what is the trigger for that happening. Interesting.  Worth getting back to the summit videos by those who like to know more and did not have the time to check in to the live sessions.

Cardanians stated that in the case that the economic crisis hits next year as it is expected then Cardano will be ready to create an alternative financial infrastructure and banks. Further stated, it will be decentralized, scalable and that the smart contracts will be out.

Many of the community members are there in Cardano for the fundamental side of the project and they are not beginning to worry about the price yet.  They know that when the work is well done, the price will automate.

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