Mike Alfred shared:  Ethereum is too expensive, Solana is broken, and Cardano doesn’t exist. It’s a shit show out here in crypto. Thankfully all the talent and interest is flooding into Bitcoin now.

Advocates say, there is a reason to why Ethereum are doing what they are doing:  You should probably figure out what the Ethereum genesis wallets are doing and why? There is a reason they’re doing what they’re doing.  If you look at the sacrifice totals and take into account what the ETH Genesis whales are trying to do – sacrificing 10s of millions of dollars, you’ll see all the talent and interest is flowing into it. They are doing something with a vision.

Cardano Does Exist According to Users:  Cardano users are using ADA to swap.  It provides liquidity in an LP, they are able to buy an NFT, they are staking to an ISPO, they withdraw liquidity from an LP pool, there are Cardano funding projects on the catalyst (now Fund7) – it is congested “yes” but all tx went thru. Thus, Cardano does exist.

While many say Cardano is cooked because devs hate it.  Their ecosystem is so far behind and no one wants to program in pascal Cardano have their own reason.   While all are trying to change the financial system in their own way and using their own decentralized protocols, the question is whether it is possible to change the current financial system when investors and people have the same behaviour as our predecessors?

Cardano optimists are like: “Let me make it clear to you: CARDANO IS THE NEXT FINANCIAL OPERATING SYSTEM PART OF THE NEW FINANCIAL SYSTEM. PC was revolutionary then came the CLOUD to do more with ease. CARDANO is what the cloud is to the PC. Cardano creates a platform to potentially replace the existing financial system or offer alternatives.

Clarification/Criticism on Solana:  Solana is broken, although it’s still in beta.  Yet handles more transactions daily than all the others put together and it took 400,000 TPS to knock it offline. L2 is where they scale. The base layer needs to be safe and predictable to optimize for reliability/uptime and security. All things Solana and other protocols lack.

The reality is Ethereum is too expensive, Solana is broken, Cardano doesn’t even exist and Bitcoin is no inflation hedge. Nobody is perfect.

While in the long-term, it looks like fiat will be dead, what will replace it?