@CSWAP_Destroy@NicolasC3rny@TapTools The CF could make a real difference to Cardano’s builders, in the same way the Ethereum Foundation has, or even the Midnight Foundation. CF has done some good stuff but there’s a lot of missed opportunities. Their focus seems to mostly be outside DeFi.
Charles gets too much hate. Cardano isn’t perfect but it’s a hell of a lot better than most other chains.
If you think Cardano is bad, look around. Outside a few niche areas the entire industry is wrecked.
BTC only pumped thanks to a madman leveraging his entire company to buy it. ETH didn’t break its previous ATH (even with multiple DATs buying it). SOL barely did. Could ADA have done better? Yes, but it could also have done worse.
Crypto has not had a great time recently. Scams, hacks, tech failures, security vulnerabilities, AI threats, and the looming quantum problem. Even true believers are beginning to question the future of the industry.
But blockchain’s potential to transform the world’s systems hasn’t gone away. If anything, it’s more needed than ever.
“Build fast and break things”. The Silicon Valley mindset has permeated the industry’s thinking. Blockchain is just a technology, right? But the result has been hacks to the tune of billions of dollars, chains that go down for hours at a time, and the centralisation of power.
What is the point of crypto if we’re just building a faster casino, or a playground for VCs to max extract from retail? Blockchain was supposed to be about changing the economic, social, and political systems of the world. It’s no wonder crypto is down bad. People no longer believe in its potential.
Cardano is one of the few projects that has stayed true to the original mission. It has been a slow process, but the result is a chain that is battled-tested. It is hard to find examples of other chains with comparable levels of security, reliability, and decentralisation.
Most other crypto projects would kill to be in our position. Not only do we have one of the most advanced chains, we also have an extremely passionate and engaged community. People who are dedicated to seeing Cardano succeed.
Charles is one of those people. The reality is Cardano wouldn’t exist without his efforts, and his vision and passion to make something great.
@ADAs_Daddy Agreed, there are definitely things I’d like to see improve, but Cardano is by no means a failure like some suggest. Even the fact that there are so many of us here fighting to make it a success shows it has a future :)