Comparing cycles.
The last time $BTC reached its all-time high, $ADA did not move. A week later $ADA was down 30%, while $BTC was up 30%.
The outcome?
Some weeks later, $ADA woke up and gained 2339% while outperforming BTC by 1146%.
We are exactly where we want to be.
Charles once asked himself on an AMA, "what really tells you that Cardano has done something unique, magical and special."
I loved his answer. Some minor edits to get it down below the old 2min20sec video upload limit.
It's overdue, #Cardano is ready, who's feeling the call ❤️
This tweet from Grayscale will go down in history.
They tweeted ₿. Tweed received 3.4K likes but 2.3K comments.
In the vast majority of comments, there was ₳.
#Cardano#Bitcoin
Why a lot of people will miss out on 100X to 1000X opportunity in the CARDANO ecosystem this market cycle.
Some $ADA holders don’t get it, they don’t understand that if the retail traders that can purchase the volume of assets required for CNT’s to reach all time high were here, we will be well off already.
Retail Investors are not here yet, only us DEGENS are here. People don’t understand the magnitude of liquidity that flows through this space in the heat of the bull market and are too JADED by the bear market to care to understand it hence they make the costly mistake of making Investment decisions in an Incoming bull market using BEAR MARKET BRAIN 🧠.
To these people I say, experience will be your best teacher after you miss out on the magnitude of gains CNT’s have to offer this bull market, don’t worry, you will do better next market cycle. It took me 3 cycles to figure it out myself.
A few things, #Cardano is the most decentralized major L1 in crypto as measured by block production, and has been for awhile. It's TVL went up in the bear market before $ADA pumped, organically, despite not having a fiat stable, while others mostly flatlined.
It had one of the more fair coin distributions, especially compared to the VC chains and is similar to ETH in this regard. In fact, data shows it is dispersing more equitably as time goes on, unlike most others.
Regarding not "integrating" with the rest of the space. Most of the rest of the space are Ethereum clones based around account based models or worse, like proof of history with solana, they are, riddled with hacks, high costs, and questionable uptime, tokenomics and more, they're extractive at best. eutxo is very different by it's very nature. It's an actual alternative where as most of the others are not, they merely permutations of the same account system or worse.
Now define "adoption". Is it processing USDT like tron? A centralized token that can be frozen at will? hardly an achievement considering crypto's original goals across the industry. Is the goal to be the most decentralized, have the strongest security, highest uptime, and the most engaged community in crypto building organically, to have a foundation worthy of building on? Well by that measure Cardano does great. Surely, given your distaste for the VC coins, which outside of ETH, are the only real competition, it isn't the falsified metrics and wash/bot trading, right? I would hope so.
Cardano is the only major layer 1 going after real genuine on chain governance, which has never been done before, robustly. Cardano isn't "revising" it's governance process, it's literally forming it in the first place. The CIP nomenclature follows the same tradition as BIP and EIP. To suggest otherwise is disingenuous. Now you can suggest or at least intimate that that @IOHK_Charles is lying when he says CIP 1694 makes it irrelevant who holds the keys. That's an opinion, not a presentation of data or evidence. We will know when it's finally implemented and as time moves on.
Charles is already a billionaire without Cardano, he doesn't need to "rug" Cardano. You can claim of course, he is pushing voltaire to not be labeled a security, but a claim has to be backed up with evidence to be more than just an opinion. But if you look at the roadmap, on chain governance was part of the roadmap going back at Cardano's inception.
Most of the ecosystem growth has come from the community. Cardano also has the highest github dev activity in the industry. If you aren't aware of what's going on, one example is @IagonOfficial, who left Ethereum specifically to come to Cardano for it's cheap predictable fees, high security, uptime, and community support, and with midnight, which is a privacy sidechain allowing for easy to implement ZK rollups for data sensitive material. That is what web2 enterprises, new outside liquidity and money, care about. Security and reliability. That's the feedback they give.
$IAG in just a week of launching has 3x the nodes as arweave, a competitor, and is more distributed than AWS, with 30 different countries hosting nodes to share storage resources, with compute coming in Q1. No chain is perfect, but Cardano's actual fundamentals are quite strong. I can only fit 4 images in this post, or I would share more.
Your source, guy from coin bureau video, has even admitted after getting feedback that he didn't really dig into nor discuss all the stuff outlined here, and should have done so, but time didn't permit it.
@laurashin doesnt care about right or wrong... She doesnt care she and Ram Alawahla cost people fortunes.. Just pathetic.. Add Michael Lewis to the list
In the past week, we’ve had:
3 major train derailments, including 1 with a chemical spill
4 flying objects shot down by our military
Every major social media platform went down at the same time
Power went out in 2 Congressional buildings
I have to ask - are we under attack?
The WEF is discussing a “personal carbon allowance programme” to tackle climate change.
This will be implemented with a tyrannical Central Bank Digital Currency.
Programmable money that will be refused when you eat too much meat or buy too many plane tickets. Wake up!
Look, I'm just going to say it:
At a certain point, our corrupt and moribund political culture has no hope of solving humanity's problems. You either bet on science and technology, or you bet on extinction.
@Cardano’s army overtook @ethereum’s army in campaign donations. Honestly I’m just grateful for the support of any individual from any army that is willing to donate to my campaign & take blockchain voting & #blockchain technology to #USCongress. Thank you for your support.
“There's about 3 billion people who don't have reliable access to banks, pay high prices for admittances, credit, insurance, other financial services if they can get them,” @Cardano Founder @IOHK_Charles says. “Our company's rollout has been in Ethiopia, Kenya, and other places."
Some bitcoin maxis are lobbying US senators and congressmen to ban #PoS projects or make everything but #Bitcoin an unregistered stock. This behavior is unacceptable. We will not gain greater freedom by trying to ban competition through laws. #Cardano will survive it. $ADA
Anyone in the #CardanoCommunity familiar with @EgoPlatform? Their followers have been going up a few per minute all day like clockwork and the comments on their post don't look like they were written by humans.
Nobody listed on the website has Ego on their Linkedin.
We're looking for a dev (or anyone else) who can discuss smart-contract scams, how they work on $ETH and how to spot/avoid them.
This isnt a major issue on #Cardano yet, but it will be as we grow. Lets get ahead of them and educate ourselves.
If you know someone, tag them. 👇
#Cardano. Scientists, academics, engineers, shadowysupercoders, 420 club members, psychedelic-mushroom-eaters, "blue collar", "white collar", no collar, crypto newbies & vets, teens, retirees, rich, poor, all races, religions, beliefs & experiences. Working to change the world.
Today is the first time I have noticed on CNBC business news that Cardano has joined the list with other top Cryptos, acknowledging it’s popularity in the space.