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Cardano is starting to look more attractive. It is however Ironic that the masses in crypto fail to research the most research-backed project. It is true that there are other projects who have their strength, but Cardano is about research and confirmation.
Investor Endorsement: It’s amazing how many haters Cardano has. Calling it a scam. I’m a fairly cautious investor and I can’t find anything that remotely sounds like a scam. In my opinion Cardano is a solid project for the future and a safer play then most.
Most of the criticism I’ve heard is around Cardano not developing fast enough and thus missing deadlines. That may be, but I’d prefer careful, more thorough development over speed. ADA will do just fine.
No worries, time, consistency, security, and the best product on the market will eventually take hold. Until then DCA and HODL. Will be well prepared when the adoption inevitably happens.
Crypto’s purpose has to be reiterated: it is not just the market value of a coin. Utility is important. Sure BTC may be a store of value due to the 21million limit, but that also makes it impractical as currency. ADA accumulation, exchange and investment is feasible.
I heard that Cardano is a scam, so I spent a year of my life digging in deep to uncover the truth about why it sounds like a great idea on the surface, but I wanted to find the real reasons people call it a scam. Is it colonialism? A pyramid? something worse?
I looked into the ICO held in Japan, the Shelly staking mechanism, Ouroboros, stake pools and concentration of wealth, decentralization claims, Charles’ history, Catalyst and Voltaire, scaling roadmap, fanatic community, Ethiopia, ETC, etc.
What I discovered upon deep research, thoughtful reflection and soul searching, is that I am an ADA maxi. Fight me. (except for Ergo, you’re cool)
Criticisms: “Peer-reviewed” research doesn’t legitimize a company that doesn’t have a product after years of work. Nobody wants a social credit score blockchain. Also, it’s an unregistered security that will face scrutiny for years if it doesn’t die first.
Realist Opinion: Crypto requires high levels of technical knowledge to identify inefficiencies in the current market prices. 90% of investors do not take the time or the effort to understand what is coming. It’s fair to be paid for that time.
The mass only stares at coinmarketcap or CoinGecko and click on “trending”/ “top gainers” . And randomly follows influencers with huge followers. Amen.
The golden age of Cardano is inevitable. The masses listen too much to the influencers, and Cardano doesn’t fit their agenda because it’s not VC backed. The masses will come around though.
And, also iconic how they rushed in at $3, because there was a “crypto media” hype. I think these “crypto media” are playing the small investor, whoever listens to those is going to lose. Also, most youtubers seem to be working for the same narrative.
