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72 hours on the clock, and it is already running.
this chart is from 2021 and privacy was already one of the biggest blockers for institutions getting into crypto
looking at zcash + midnight rn
private money + private data feels like a pretty obvious piece of the stack
There will only ever be 21 million BTC.
There will only ever be 45 billion ADA.
That gives us a fascinating way to think about Cardano scarcity.
45,000,000,000 รท 21,000,000 = 2,143
So owning โณ2,143 gives you approximately the same share of Cardano's maximum supply as owning 1 BTC gives you of Bitcoin's maximum supply.
In other words:
1 BTC = โณ2,143 on a supply-adjusted basis.
Not in price.
Not in current market value.
But in scarcity and proportional ownership of the network's ultimate monetary supply.
Now the numbers get interesting.
At $78,000 BTC, an equivalent network valuation would imply:
$78,000 รท 2,143 = ~$36 ADA
At $500,000 BTC:
$500,000 รท 2,143 = ~$233 ADA
At $1,000,000 BTC:
~$467 ADA
Of course, Cardano does not have Bitcoin's valuation today.
That's not the argument.
The question is what happens if Cardano ultimately earns anything approaching it.
Because I've long viewed Cardano as an attempt at something incredibly ambitious:
Bitcoin perfected.
A scarce digital asset with a hard maximum supply...
โฆbut with proof-of-stake.
Programmability.
Native assets.
Governance.
A treasury.
Liquid staking.
And an architecture capable of becoming far more than simply digital gold.
Bitcoin proved that a decentralised, scarce digital asset can become worth trillions.
Cardano's challenge is proving that those same monetary principles can underpin an entire decentralised financial and governance system.
If it succeeds, then today's ADA price becomes almost the least interesting number.
The more interesting number might be:
โณ2,143
Because that is your Cardano โwholecoinerโ equivalent.
There can only ever be about 21 million of those positions.
Think about that.
$ADA $BTC
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The top memecoin on Bitcoin should be worth 10x the top memecoin on Ethereum
Yet solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u currently trades at a 1/25th the market cap of $SHIB
Bitcoin is the first, largest, most secure, and most globally recognized blockchain
I am tired of people disrespecting Bitcoin
The #1 memecoin in the world should live on the #1 blockchain in the world
Bitcoin is the only blockchain in existence that can support a $100B memecoin
solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u has more asymmetric upside than any memecoin ever created
Buy solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u