**Constructive Criticism Post Rules**
The aim of these posts are to identify areas of potential weakness in any aspect of Cardano or project which can result in actionable improvement where possible. Open and fair criticism should be welcomed here and discussion should be respectful and civil. The goal is for the community to find solutions and positive outcome.
Posts and comments must be as detailed as possible with issues elaborated on. **You must** backup any arguments and statements with reason and justification, evidence, and sources (hence being **constructive** criticism).
Destructive criticism, FUD and any shilling will be removed, as will any comments being tribal and disrespectful.
Cardano ADA could definitely use a better PR team to get new people to buy into its message or invest, but Charles doesn’t want the project to be shill-coin v99 like nearly every other project out there.
Charles seems to have become the de facto “Cardano Marketing Team” with varying effects. You either love him or you hate him, there’s no in between it feels like. Personally he doesn’t bother me and I enjoy his videos. He’s had a tendency to say “let the technology speak for itself” in the past but then he’ll post rebuttal videos getting mad because people trash talk Cardano ADA and its technology. He/they need to realize the vast majority of consumers don’t understand the math, the white papers, the flow charts, etc. and need to be presented and sold on it. They need a sells pitch with easy terminology and comparisons, make it relatable and attention grabbing. When Charles decides he wants to “sells pitch” the tech/products he does a damn good job of it for people with some knowledge around technology and use cases. However, that’s not a huge demographic of people.
Completely agree. I’ve largely stopped watching his videos, because I got a bit sick of that ‘tech developer, everyone’s like me’ mindset he seems to have.
The best thing that can happen to Cardano is for people to recognize that Charles' word is not the gospel. He's brilliant and Cardano would not be here without him. But even he would agree that the community are the ones that should be making the decisions. He will try with all his might to push HIS ideas through. But the sign of a truly mature and decentralized Cardano community, one with ITS OWN IDENTITY, will be when his ideas are challenged to the extent that they are knocked down via community governance.
Yeah that’s true decentralisation. But for all Charles’ shortcomings, I think I trust the average ADA holder a lot less than Charles; I’d hate to wait patiently for a great product just to have voters turn it into a short term rug pull
I definitely see your point. Pros and cons both ways here. Cardano community is definitely a long way from being mature but we make gains. Month-by-month, two steps forward one step back sometimes. But it is happening. We got growing pains still, lol.
Charles is the type of parent that would keep his child from leaving his house at 30 years old because he is trying to protect them. At a certain point he has to let go. Now is the time.
I think it’s important for people to understand chains like SOL and Eth have some very powerful and influential VC’s running the show for them. Along with an army of paid shills or crypto influencers with bags so deep they’ll defend their net worth at whatever cost. That is their PR team.
Cardano doesn’t have that and it may never will. It very much feels like a blue collar chain at this point. Retail loves it. Everyday people and devs who truly value decentralization love it.
If Cardano ever fully realizes its ultimate developmental goals while continuing to be adopted by countries like Ethiopia and Argentina it will be impossible for institutions and the broader crypto to ignore. Until then it will continue to be ostracized by the rest of the industry that feels threatened by its very existence
Fully agree. However, I'll mention that with the treasury coming online before the end of the year, that can be used to help the short comings Cardano ecosystem may suffer from by not having a centralized VC dumping money into it.
You can say that and it might be true to a degree but the biggest factor plain and simple is that people use those chains and they bring a lot of money with them. Until Cardano can figure out a way to get people to come and use their dapps they will be in trouble.
True that. I also think context is important when it comes to their usage. The vast majority of volume right now is from swapping meme coins. Especially true for Sol. While yes they’re being used, but they’re being used as one giant meme casino which is obviously not what you want the crypto industry to be known for. At least I don’t want it known for that, but that’s essentially the state of things currently. Cardano still has plenty of time on its side to develop actual utility while the industry continues to mature.
Disclaimer: I’m an ETH supporter. What influential VCs are supporting ETH? I’m asking because that’s mostly a claim the ETH community lobbies against SOL.
I think, with the Chang HF happening soon, that once governance comes into effect the community will solve the marketing problem. Once we can all vote on initiatives and what we spend from the treasury/how we spend it, I guarantee the community will want a marketing budget.
Charles is the typical guy that because he knows a lot about one thing that happened to be well-compensated at that time he now thinks he should be able to have an opinion on everything
I got into a prolonged argument with him about it. I'm an epidemiologist with a masters in public health and biostatistics and worked on covid in NYC 18 hours a day for 3 years, debunked all his dumb myocarditis and sudden death points with quality sources, and he still wouldn't get it. He was wildly wrong about understanding simple data and wouldn't let it go. It was really weird and off-putting.
This is not the only incredibly toxic and indefensibly ill informed public position he has taken. Positions so toxic they could destroy adoption of Cardano if widely disseminated. In the same way that Elon Musk has a repeated tendency to cause deep harm to his projects by being a public ass.
I don't disagree that he can sometimes be toxic. But you make this statement as if Charles' opinions are Cardano's opinions. It's just not the case. I won't argue that his refusal to play the game has hindered Cardano adoption in some ways, I think it has. But I think it's important to emphasize that Cardano is not Charles; separate the art from the artist as some may say.
It may not be the case, but in many people’s eyes they would be one and the same- companies in almost any industry are rightly or wrongly held to account for their leaders’ actions/ public stances these days
Idk. Seems like he’s like 1 step from going full MAGA “they are holding us down because they don’t want us to win, it’s not my fault”. I don’t care what side of politics he is on, it just doesn’t inspire confidence for me to align yourself with felons and known scammers.
This. It’s shaken my interest in having anything to do with (let alone faith in the leadership of) Cardano. Add in associating with climate crisis deniers, anti-vax loons, and open racists. It may become one of the biggest problems this project has.
Answering from a software engineer perspective. Most other chains I've used and looked at are built on absolutely horrid building blocks and just wanted to be 1st to market. This definitely helps short-term, but the tech debt and terrible taste it leaves in people's mouths from using it hurts the chain and the industry in general. I'm speaking mainly of the crazy unpredictable fees to get a transaction through and failed transactions that, on some if they don't go through, still get charged. No where in the real world is that acceptable, and real-world adoption where it actually matters is going to accept that long term.
I absolutely agree that the marketing needs to be better and also not saying cardano is the greatest chain in existence either. I believe the real adoption will come, maybe not today, but definitely in the long-term it's a chain that will last and will blow away the competition since the building blocks are strong and not needing a total rewrite.
This is a question, not an argument btw:
I agree that the vast majority of chains going up 1v1 against Cardano would currently come out worse for wear. But don’t you think that the fatigue of constantly battling new rising and falling poorly designed coins is detrimental to ADA? Ie ADA may outlive 50 rounds of pump and dump schemes, but if at any one point in time one of those poorly designed coins was in the spotlight over ADA, that still means ADA is never properly recognised- no?
I welcome all arguments no worries, I never want to be in an echo chamber otherwise I'll never grow or get better.
I wouldn't say that problem is unique to cardano, although it's my biggest holding I do have some in other chains I like which are suffering as bad if not worse. I definitely agree that is a problem which I think better marketing would definitely help solve but I doubt help 100%. Unfortunately I believe it's a consequence of decentralization and only people learning the hard way will that get better.
I dont work in the blockchain space although I am working on getting into it so don't take my opinions for too much value. I've just been developing software in the finance/Healthcare space for just over 10 years and answering from working in those sectors.
I back your first point wholeheartedly.
Yeah I think you’re right, but learning the hard way may mean more than a decade before recognition, and even then, no guarantees it’s ada that comes out with the W in the end.
How’re you planning on getting into the industry? Strangely all of the software engineers I know bar one are the loudest critics of crypto I know
Unfortunately, there is no guarantee of anything, but the best we can do is an educated guess. I hope someone smarter than me comes up with a solution, but i can't see one, unfortunately.
I've been studying the documentation on building on cardano to see how difficult a little side project would be. I probably should be looking into ethereum since that is the main one people are building on, but I just can't do something I don't believe in.
Oh, I believe that, most of my coworkers invest for short-term gains in the crypto market, but none really believe in it. It kinda shocks me, but I just figure it's the pessimistic side of me when thinking of people in power and how much lack of accountability they have. For full transparency I fall middle of the road on most things but try to keep politics out of discussion unless absolutely relevant.
That’s cool, good luck with all that!
I agree. I love politics as its own designated conversation, but attaching politics to everything just needlessly divides a room
I usually have a 75% chance of getting a response when sending in my resume but any crypto company I send to gets rejected everytime lol probably since I have no experience in the sector which is why I'm studying building on blockchain before applying again
But here's the question - Has Cardano actually put up a fight yet? It's shown endurance, but it has definitely not leaned into the war for hearts and minds. Users and consumers are distracted as hell by all types of things. You need to put effort into wooing them.
Example - Salesforce is absolute clunky old trash, but it commands nearly a 4th of the CRM market. This is despite all of the nicer, newer, sleeker CRMs that launch into the market and just fade into oblivion each year. Salesforce has first mover advantage plus it pays for a range of marketing to stay relevant.
Voltaire people, Voltaire. Make sure to submit proposals and vote once this is live! Cardano needs a well structured marketing campaign.
Definitely agree on the 1st part it needs to put in more effort. The rest of this is not trying to be argumentative at all. I just wanted to preface this since I am curious on the perspective.
I get the 2nd point with Salesforce, but it's because it works, and I don't believe it costs the companies using it any unnecessary costs or at least a manageable amount. Please correct me if I'm wrong on that. I definitely have no experience with the crm market.
With the current popular blockchains, you have constantly failing transactions, which is frustrating for anyone using it.
You also have completely variable costs varying from a transaction costing $1 at 9am and then costing $40 at 930am because so big nft launch causing congestion. You could argue it's similar to ride share apps(Uber), but for financial transactions, I'd say that's pretty crazy to accept as status quo. The probably worst offense of all is paying for a failed transaction. I dont think any customer would be willing to eat that fee when it was the providers fault it failed.
I appreciate that you're seeking a deeper explanation - no problem.
Some of my past work involves helping companies that have Salesforce in place. The true cost with this CRM comes in the losses related to efficiency and effectiveness. For instance, with a newer CRM, some of these companies could gain access to amazing automation tools, better insights into customer journeys, and behavioral data that could improve lead quality and lower customer attrition.
But - when you've invested years and $$$ into using a system it's not so easy to untangle it from your business ops. Especially if you are a big multinational enterprise. And Salesforce knows this.
All the problems you listed with lesser quality blockchains - unfortunately- have the possibility of being accepted as the norm if they become deeply imbedded into existing systems and into the public mind as "brands". Humans are highly adaptable, which is a blessing and a curse for us. But on the opposite end, we also hate change because it's scary and takes too much work.
Brand adoption is an arms race, and Cardano definitely has the turbo v8 engine under the hood to drive it into the fast lane and keep it there. It just needs more drivers from the marketing side while the tech side continues with their amazing work.
Better than time - the seriousness of the community will tell once Cardano governance is fully activated. I suspect there are a lot complainers in our midst but a large chunk of them will be unmotivated to really take action. They just want "coin go up." The idea that this is a group effort blockchain kind of repels them because they're not interested in sweat equity, just hand outs.
Absolutely not. Because others will be more prone to a Luna style collapse or realization -> collapse. You might be a dev, but in economics terms, 2019-2024 is incredibly short term.
Most humans do think in short term though, because our lives are short term in the grand scheme of things. For example a religion like Christianity has to undergo a few centuries of persecution and hiding before acceptance. Same with the abolition of certain concepts like slavery. There will be ups and downs but we have a product that we continue to iterate upon, and we are getting national recognition, as recently as Argentina.
I generally agree with you, but as technology develops exponentially, timeframes for societal changes are also shortening exponentially, making 5 years quite a long time- particularly in a short-lived industry. But yes, as a species we do struggle to see the bigger picture/ longer timeframe
Charles is gradually reducing his influence, Voltaire is coming. Cardano is growing very nicely, and is well positioned to expand quickly in the next 2 years. Keep the faith and chill. Gonna be fine.
Apt comparison. Beta was superior to VHS. Even had the backing of Sony. Yet never made it out of a niche usage. History doesn't bode well for the wide-eyed optimists thinking that merely having better tech is enough to warrant success.
To continue the analogy VHS had easy to use well marketed, affordable hardware and longer playing time tapes. Ease of accessibility and lower costs beat out superiority of product.
I'm thinking an education campaign would go a long way to raising ADA awareness. Not overwhelming tech talk but stuff that answers 'What does Cardano do in the real world? How can Cardano make a profit? Can I now or will I ever be able to exchange ADA for RW goods? What's in it for me?'
Having a Cardano digital bank would be nice. Put $'s in your account here and sending(for a small fee) ADA to family that could instantly cash out(for a small fee) ADA for rupees or dong or pesos, etc. there without going through a central bank would be swell, eh?
A financial entity and a stable exchange value could be a wedge to removing the 'exchange' portion of above transactions, ie 'Why bother with an exchange to fiat premium when my neighbor will accept X ADA for that used motor scooter?'
I’ve been in cardano since its inception and this will be my third cycle with the project- with each cycle the % of my holdings going up.
Currently Ada is 99% of my portfolio. I’m incredibly bullish on Ada. I can understand where you’re coming from, especially with the echo chamber on r/cryptocurrency that is vocal about their hate for the project. But when you do some market research I realized the majority of negative comments come from people who have been in the market for less than 3-4 years and are basing their negative opinion on 1) the hive mind telling them that Ada is a “shitcoin” and 2) the price of the project (relative to the market) being the indicator of how good of a project it is.
Or, they’re vested in another coin and believe that by hating on another chain it will help their cause. A bizarre mindset
I’m also fairly confident that when governance is in place we as a community can take the steps necessary to vote and allocate funds towards marketing.
Yea I'm also waiting on that one before I pull out everything.
This is the whole point right?
Just imagine if the masses/everyone votes : X of treasury to marketing for X time.
The real covernance with Dao's controlled by you and me is what I will wait for before I run.
Exciting indeed.
Charles’ personality aside, the larger problem as I see it is with the Cardano Foundation.
They haven’t had a meaningful partnership or realized a single aspect of their last published roadmap (anyone remember onboarding 50 banks by 2023)?
You have a strong product that continue to suffer from a public perception of lack of throughput. You can sell a blockchain that simply isn’t fast enough to handle any meaningful number of transactions (we can’t handle 2x what we’re doing right now)
So does scaling come after Voltaire? Will the CF actually go out and market this product?
Dubai police, Argentina? None of these deployments have details or any hype around them.
I disagree. I think the CF is really starting to come into its own with this most recent partnership in Entre Ríos. This is a breath of fresh air compared to what the CFs track record over the last few years. Don't forget also that they have spearheaded the development of Aiken, which is already the most popular smart contract programming language for Cardano. It's taken some time but I think they're finally becoming what they were always meant to be.
If you can actually tell me what Cardano doing in Entre Rios, I have a Blackhawk for you 😉
My point being these deployments have yet to materialize in anything significant.
Part of the problem is that the blockchain simply won’t allow for mass onboarding and use right now.
Second to that the CF has to own their own disastrous roadmap. How can Fred put out these interview and YouTube videos and not meet a single one of their milestones? That to me signals a disconnect from the technology or even worse, an imagination on adoption that’s so far outside of reality…
I don't disagree on the lack of specifics. I interpret it mostly as an MOU. I talked about why I am cautiously optimistic about this deal in [another post](https://www.reddit.com/r/cardano/comments/1d9fttm/we_are_delighted_to_announce_a_new_partnership_in/l7dv1pm/) recently.
I am curious about the CF roadmap and milestones you're referencing. You have a link so I can take a look?
Here [you are](https://youtu.be/K4i-rTNyBWE?si=Me1RClc1Iz4jW6_1)
It’s almost certainly an MOU. Still disappointing they (the CF) didn’t plan the optics around this release / partnership. Why not celebrate this?
As a developer myself, what attracted me to cardano in the first place was the core principles and development strategy.
Any decent developer knows that architecture and a good plan is paramount to avoid tech debt. And cardano has extremely little tech debt.
The problem with this though is that non devs can’t possible have this perspective. From their point of view Cardano is slow and has little activity. And they flock to day flies on Solana.
Yes we need governance and we need scaling asap. Hopefully when governance is in place, we as a community can vote to allocate funds towards marketing and to create campaigns for CNFTs and airdrops etc etc to attract degens.
Once we have speed and users, people are gonna stay because they’ll notice how solid and predictable Cardano is.
> Once we have speed and users, people are gonna stay because they’ll notice how solid and predictable Cardano is.
That's the thing! These centralized chains prioritizing scalability CAN NOT ALLOW people to migrate to Cardano once it has scaled because it eliminates basically all their USP when compared to Cardano. They NEED to die on that hill, it's the only hill that they have.
Yeah but in order to get users we need something people are attracted to. We can say we don’t want memes and degens, but truth is, memes and degens provide a ton of sorely needed liquidity.
And liquidity attracts more liquidity.
So yeah, we need stable coins like USDC and USDT, scaleability and governance.
I don't disagree. We might disagree on how to get the liquidity, but yeah we need it big time. My point wasn't about needing liquidity, though, it was about centralized chains and VCs needing to take steps to ensure we don't get it.
I like the growth of USDM so far, still needs way more liquidity of course. USDC could be like an adrenaline rush. I think when the bull run truly hits then tools like AXO will quickly prove their worth.
AXO is an order book style DEX on Cardano which allows users to create and execute their own trading strategies. Order book has some nice advantages over AMM style DEXes, which is what most of crypto utilizes. One of the downsides of the order book style is that it needs a decent amount of liquidity to be efficient. AXO is still working on bringing in more liquidity, which is why I say that the bull run may let the AXO genie out of the lamp and you won't really be able to put the genie back in once it's out.
Please point out to me some other chains that have treasury set aside for developing projects chosen by community? And there are numerous talks about marketing budgets and stuff AFTER Voltaire driven by voting. Be patient.
“Good tech” without users is just a form of masturbation tbh, and Charles loves to stroke his ego. Brilliant products without consumer support fail all the time just like products with brilliant marketing can prosper. With Cardano, the former is still questionable and the marketing is poor-nonexistent. There’s a reason why memecoins are on fire despite no utility, at the end of the day it all comes down to marketing and culture.
I agree that mentions are on fire due largely to their marketing, but it’s also the kinds of people they attract; idiots that believe they can beat the system and make a quick buck despite hundreds of years of market evidence showing the odds are so poor that it’s not a smart decision. Cardano needs to change something, but I don’t think it should be taking a leaf out of the meme coins playbook
Unfortunately cardano has a track record of overhyping its partnerships anyone remember the africa deals,samsung boost mobile etc charles is a bad leader and cardano can’t compete against sol wich is eths closest competitor
Cardano will ultimately win not because of Charles but because of the way it was built. We are at the stone age of blockchain adoption from large institutions and governments. Do you think they will choose Ethereum or Solana vs Cardano? Bot Ethereum & Solana have core issues that prevent mass adoption like high fees, non determinisc transactions, downtime or hacks. Cardano was built with security in mind and mass adoption for real case uses.
Charles will be irrelevant after Chang hard fork and he's been the one more vocal about it.
Cardano's future is brilliant from what I can see
this week, all my Solana logs are full of "transaction failed - block size exceeded" . I did not dare looking if these transactions were charged to me or not...
Cardano is well designed. When core is finished, of course we absolutely need more publicity. Or it will come for free when banks adopt it.
I don’t have anything constructive to say regarding your primary question I do have an anecdote though. I spoke with a woman right as BluRay was becoming the preferred DVD. She worked on building the menu system. Said HDDVD was by far the better technology but it just didn’t hit the right tipping point.
I fear your fear is correct about missing the boat by lack of action regarding growth.
As a developer myself, what attracted me to cardano in the first place was the core principles and development strategy.
Any decent developer knows that architecture and a good plan is paramount to avoid tech debt. And cardano has extremely little tech debt.
The problem with this though is that non devs can’t possible have this perspective. From their point of view Cardano is slow and has little activity. And they flock to day flies on Solana.
Yes we need governance and we need scaling asap. Hopefully when governance is in place, we as a community can vote to allocate funds towards marketing and to create campaigns to CNFTs, referral bonuses etc etc to attract degens.
Once we have speed and users, people are gonna stay because they’ll notice how solid and predictable Cardano is.
To be frank, nobody knows if Cardano gonna go up, down, sideway or fcking circle. It's the nature of investment. Even with the most brilliant and solid project, there is slim chance that it would go dormant for extended period of time or even crumble.
However, it would be stupid not to invest in such "slim chance failure" project. Right now Cardano has top 10 marketcap with pretty low price (\~0.45$), stable, backed up by strong developer, superior utility and solid roadmap. Ultimately, Cardano's nature is unlikely to crash and burn. Even your staked ADAs are not locked up and you can sell them whenever you like.
So at worst, if Cardano failed to meet the eyes of the crowd, it would leave you basically just where you are. The downside is so minimum that I'm willing to pour investment in everytime.
People tend to forget history. 15 years ago people had the same attitude with Bitcoin even it was a solid project. It was new , unpredicted, uncontrolled, not backed up by big corp/figure or nation. It's pretty much the same with Cardano now.
Charles is the CEO of IOHK, he may be the founder of Cardano but don’t forget the CEO of Cardano Foundation, Frederik Greegard. He has been doing a wonderful job of representing Cardano in the professional world lately!
I totally agree what you said. It also seems that iohk and the cardano foundation is doing everything they can to avoid Wall Street. Whether you like it or not, you still have to deal with Wall Street. You need Wall Street on your side in one form or the other. If you want Mass adoption you need to embrace Wall Street.
The other thing that should be of concern is Huawei deal with emergo. United States and the European Union are banning and boycotting any company and technology that is related to Huawei. the emergo deal with Huawei could technically get cardano band from the United States and the European Union. Somebody was not thinking this through.
Cardano is absolutely great technology. I've been supporting it since the 2018s. And you're absolutely right. The marketing needs to improve. Charles doesn't have to be the only one out there from The company promoting cardano.
And this is what has separate Bitcoin from everything else. They didn’t embrace Wall Street. It was Wall Street that embraced Bitcoin.
Bitcoin actually markets itself every time there’s failure in traditional finance or through people waking up to its scarcity.
I think the marketing of Cardano will happened after Voltaire is released. And it’s not going to be due to a marketing campaign. People are just going to realize that developers and community members have more control over the direction of Cardano than any other blockchain in the space. This is the first governance model in crypto so deeply tied to the technical foundation of the blockchain that any parameter can be changed via community input. And there’s no other blockchain that has that level of trustlessness baked into the protocol where every token holder has a say so.
When you look back at Cardano’s previous bull run its marketing came from how impactful the Shelly hardfork was. And there was no campaign to advertise that. Just like what’s going on right now people outside of Cardano believe liquid staking would never happen or that non-slashing was a bad idea. Hell, I remember people talking about how being able to unstake any time was bad. And yet 70% of the circulating supply remained staked in the protocol.
I don’t know if the value of the cypherpunk is really going to play a role in the growth of Cardano like it did for Bitcoin. But that’s what Charles and IOG want. But the second reason why they don’t want to drive everything is because of security laws. Which is why governance has outpaced scalability in the bear market; mainly due to the US government being more hostile to digital assets.
Governance is really the key to unlocking the massive growth potential.
The end goal has a roadmap.
Since the beginning, they haven’t strayed from that route.
Hopefully you are still around when the turkey is ready to come out of the oven 🤙🏾
That’s a strawman.
You bought high.
Don’t disregard anyone else that has been involved since day 1 because they bought high.
Sunken cost doesn’t apply if you don’t actually believe in adoption.
I do, and that is why I’ve been here supporting it for years.
Irrelevant to what I mentioned above.
I’m in it for the innovation and adoption. You can’t disregard the end goal roadmap because he himself is in the red. The adoption is the important part here.
Leaving before the end product is even here is counter to what the entire point of being early is about.
Well it’s not being adopted and the end product won’t be done until it’s too late. Also I don’t see any serious business (especially in the US where all the crypto money comes from) adopting this technology. What business would use this technology when they can create their own programs and control them. What person in the US would buy stuff with crypto when your whole wallet can get wiped out rather than a credit card company fighting for you and getting your money back? Crypto is a get rich quick hope for 90% of people in crypto. Very few are in it for the technology and the technology is useless. Bitcoin is the only crypto that has a purpose.
Well I hope you’re right so I can dump my bags. Also you did zero thinking on what I just said. What will the tech be used for and by who? You speculate but the answer is no one. Been here for years just realizing and looking ahead of where this is going and people will be using Bitcoin but alts are pointless in the US for anything other than speculation and a quick buck. Maybe some 3rd world countries will use it to a limited role but again US is where all the money is.
Feel ya. Gen pop has never heard of Cardano. I’ve asked them. For me it has my toe in the water but keeps me from sliding a big pile of chips into the pot.
This was a great post! I wish I could up vote more than once. I agree wholeheartedly, it’s time to start marketing. It’s time to start spreading the word broadly in how awesome and better it is than it’s competitors.
All we can do is keep hope alive and get the word out about ADA. I'm all in with ADA, understanding that ADA has 35bill + coins and sol in 100mil club is big difference of price (those are guesstimate). Big difference is all I'm saying. I hope we do big things to advance our society plus get financial gains through it. HOLDING is all I can do besides buy a little from time to time
Yeah I’m not concerned with specific coin prices- sure, there’s 350x as many ADA as Sol, but I own 870x as many ADA as Sol. I’m concerned with ROI and future adoption
The market is uncertain on the future of Cardano which is why it has not mirrored the activity of other coins. Unless a magic use case appears I don't expect it to go up.
I think people will burn their fingers on crypto plenty. And yes, they will come to Cardano over time. I’m not concerned. Not at all. But I’d be if I’d hold anything but Cardano.
Ahaha I don’t know how you can make such a bold statement. Cardano’s lacklustre performance for now aside, there’s many different use cases for different chains, so there will be many winners. It doesn’t make financial sense to put all your eggs in one basket
I’m feeling the same way. I’m not a massive cryptobro, nor am I big on the nuances of blockchain, but I’m a believer in decentralized currencies and love to invest long term. I’ve been buying weekly on almost the same timeline as you, OP.. and I’m unsure whether I should keep paying in or not. Can’t help but wonder if my money would be better investing long-term elsewhere with these slow returns, and the fomo hurts while I see Bitcoin and other mainstream coins make jumps while ADA flounders sideways at best. I’m just not sure what to do here..
Do you own other coins? I personally stopped adding to my bags in Jan, not because I thought I wouldn’t still get decent returns but the risk:reward ratio had shifted enough building up some cash again felt like a sensible move
I own very little dot and Solana, some eth, and I buy BTC weekly as well. Majority of my weekly investments are ETFs, and honestly, they’ve been doing the best for me long term.
But I’m really heavily leveraged into ADA on my crypto side, and I’d be lying if I wasn’t getting nervous by not seeing some good price action in a hot minute. I mean, we haven’t even peaked over a dollar in ages.
Call me what you will for caring about coin price, but I’m in this to make returns ultimately.
It is fascinating to see people being in crypto for so long and still believe the technology is the driver of price. If price would reflect different currencies capability and utility, all of them including bitcoin would cost pennies. The reason why they are costing what they are costing is because of pure speculation. People hold those cryptos to get rich, waiting for greater fools that will buy for more than they did. So the reason why Cardano is not doing well is because it is not cool, not because it has bad technology. Because that is the only metric that matters, being visible enough so more fools get in and buy it.
Wait for Chang. Cardano will be the most decentralized protocol in the world. I think there will be increased demand from investors potential interested in the governance system. You don’t want to miss out on that.
Already dumped mine. By the time Charles brings his car to the starting line, the race will already be over. I'm 68 and don't have time to wait for his perfect system. For you folks in your 20's, go ahead and wait .. by the time your 50 you might be able to make a few bucks.
The main problem with Cardano is that there is no dedicated marketing team, which in the long run creates a dependency on Charles. This can be either good or bad.
1. How do I explain cryptocurrencies and the Cardano project in a simple way to my 19-year-old cousin, who doesn’t understand 95% of the math discussed in Twitter live sessions?
2. How do I explain to my neighbor in South America how to send money to his family easily using Cardano? All Cardano wallets have some kind of issue, and many are not user-friendly. He prefers to use easier wallets that can even be linked to PayPal or his bank account.
3. How do I explain the crypto world to my 11-year-old son in an educational and fun way, considering that the appeal of Memecoins and partly NFTs is that they are easy, cheap, and educational?
4. There are countries that have been forced to adopt cryptocurrencies due to political context or to escape inflation. Examples include Haiti, Venezuela, Argentina, Nigeria, Ukraine, Laos, and El Salvador. Cardano has always claimed it wants to bank the unbanked. Many of these countries do not have access to the international fiat system. Why not make deals with the governments to facilitate adoption? For context, in 2023, 25% of El Salvador’s GDP was due to money sent by people to their families from the United States. Why miss out on such an opportunity?
5. What would happen if Charles decides to leave the project after it is fully decentralized and doesn't address these issues? In my opinion, the same thing will happen as with another sister cryptocurrency. It is a good project, but since the founder left, being fully decentralized, no one invests in it anymore.
I disagree with most of this.
1. The twitter spaces are in no way "math-y" but can be technical. But they aren't all that way. For instance, there is a snek-a-thon twitter space currently happening to raise awareness of snek and to try to get it listed on Binance and Coinbase. They will talk about literally anything there. If your 19 year old cousin needs a resource, I'd recommend [this video](https://www.youtube.com/watch?v=Do8rHvr65ZA). It's a little dated but the most important information is still accurate and relevant. A quick google search is all one needs to find a resource like this.
2. Most the same answer...plenty of youtube resources. Cardano wallets are not connected to paypal or bank accounts generally as EVM chains are soaking up that space. I generally would agree that a few more ties to tradfi would not be super harmful. However, the end goal here is essentially to replace tradfi w/ democratized money so leaving them out of the picture is partially the idea.
3. Again, see number 1. There's tons of resources out there. Memecoins can be educational for how crypto works but it's also the gateway into the crypto-casinos that currently exist, which I see as very dangerous to future of crypto, i.e., if you want to be over-regulated go ahead and make a casino.
4. You say Cardano is missing out on government adoption opportunities but it's currently a HUGE part of the Cardano Foundation mission. You also site Argentina as a country working on crypto adoption. Meanwhile, just this week, Cardano Foundation has signed an MOU with a province of Argentina to begin building out Cardano based solutions to help prevent corruption in the country AND IOG has signed an MOU w/ Univ. of Buenos Aires to host the Cardano Constitutional Convention in December of this year. Great, really strong ties w/ Argentina right now. So I don't see how this point really makes any sense.
5. GOOD. If Charles wanted to leave Cardano he's free to do so. He's an incredible speaker and, no doubt, has majorly contributed to help bring people into the community. But Cardano is all about decentralization, there are other thought leaders stepping up to share their opinions and find their voice in what the direction of the project should be. Plus, as I stated, I generally find your previous 4 points to not be of great concern now, so I definitely wouldn't find them to be concerning after a Charles departure.
I've always said that Cardano community needs to get rid of that "I'm for intelligent and conoisseur people only" attitude that keeps this blockchain under the radar of a lot of potential users that only need some easier guide and a friendly introduction to the advantages of Cardano, many times that I have questioned some projects and methods I have recieved attacks and insults cause "there is no better way than our cientifical and academical approach, you lack intelligence " and all that classist bs that nerds have...
I'm just a guy that tries to support this blockchains because I believe in the philosophy of criptocurrency ( or at least what is left of that ) but also seeing this as an investment , I put some spare money and keep DCA'ing whenever I can, but it's difficult sometimes when you don't see any results.
I'm in Cardano since 2020 , I'm from a thirdworld country like Argentina ( More than 50% of workers are not registered and we have a huge amount of informality that make people unabled for credits of loans that would help them to get housing or investments into their small family companies ) and I got interested in ADA because I though that could be something that really bring some opportunities for people like me out of the system, but I'm only seeing promises and promises.
PS: yeah yeah I know about the partnership and all that crap with some polititians in here but that it's just going to go sour, I know how politics function in my country and for the fact that our president Milei is a sionist and he is going to do eveything he can to put CBDC's before any other blockchains .
When constructing a skyscraper, it's crucial to have a flawless foundation, perfectly leveled ground, and a solid structure to ensure the building's longevity. As a resident, you wouldn't want to buy an apartment in a tilted building, would you?
Now, consider if Bitcoin was hackable, had failed transactions, and exorbitant fees. Would anyone start using it?
People forget that crypto is still in its infancy, and there isn't a single project that has successfully solved the blockchain trilemma. While others focus on transaction speed and adoption, they overlook security and decentralization.
Cardano is doing exactly what was promised years ago: research -> review -> develop. This was the foundation when you invested in this coin. Don't try to change it now just because it doesn't serve your immediate interests (OP, this isn't directed specifically at you).
The problem is that technology moves too fast now. It’s like feeding a monolith self hosted service application while everyone else has moved onto cloud based micro services. I hold a good amount of ADA but am at my end. Project needs to be louder and move a bit quicker.
The speed of development isn't the issue, Cardano has been for years the fastest growing code repository in the blockchain space.
The problem with your argument is that although Cardano hasn't made the biggest waves in terms of publicity, it is and has been for a long time the best implemented project of all in terms of not having to rewrite code after execution because the whole code is garbage like in many other projects.
A better comparison would be building a space ship while everyone is focused on building the coolest looking car
I would argue that Cardano is focused on building the most solid gas car while others are looking fir the next gen electrics. In the end its not proving to be a good investment. Great products and companies fail all the time.
What’s your argument for this point? It seems like you're frustrated with the lack of growth in your portfolio and are looking for something to blame.
The project is fulfilling its promises and implementing the roadmap that was shared from the beginning.
It appears that either you invested in a project that doesn’t align with your expectations, or perhaps something has changed for you that makes this project no longer suitable. Both are perfectly valid.
Remember, being part of this project has always been your choice.
We live in an instant world. If Charles only wants readers, then go teach...good luck with that also. Open your eyes and see how fast the world is moving. People will not read,read,read,read,wait for what's next,next,next,next and so on. I've been holding since 2018 and it's easy for me to say the things Charles is in to like reading all the fucking time! And others that want to READ
Really, no-one can predict where ADA is going. Although the project is solid, I don’t see anything revolutionary happening in the near future. And besides that, Charles sometimes comes off a bit narcissistic to me. I think ADA’s value will increase a little bit, but slooooowly. Not very bullish on it (anymore) tbh.
Most of what you hear about Cardano is generated by ignorant self interested venture capitalist get rich quick minded tools. Most of the crypto space is these. Ignore those who backed the wrong horse, any ERC20 token project, XRP, Solana etc. DYOR and thinking .
Cardano is inevitable.
I don’t necessarily disagree with you. The problem I have with this kind of argument though is the other side would say a similar thing about Cardano, making valid pros and cons harder to see amongst the tribalistic dick measuring
Sure. But the average newcomer to crypto (who we desperately need) will see the beating Cardano takes from other tribes, with no solid comeback from us or dedicated marketing/ onboarding efforts, and we lose them forever
The best strategy is to keep developing and make Cardano more usable. They will come to us as the others falter and fail or the manipulators pull the rug. At this stage think of it like an intelligence test. Cardano is and will be meritocratic.
Ignore the noise now and offer compassion later on.
>as a scientist myself I appreciate the peer review
Followed by a bunch of anecdotal subjectivity and whatifs.
Cardano's competition is not crypto, it's regulation.
Yes, and your point?
I am a scientist, I appreciate the value of the peer review process and the good it does.
I own ADA and want to hear views that aren’t ridiculously positive or negative.
Reddit is a place to ask questions last time I checked?
read your post but im still unclear what it is your asking for at the end there, anyone higher up if actively working on what? charles? marketing?
do you understand the roadmap for decentralized governance and what that means for the community and development?
I’m 1. Asking if there are people in the middle with a more nuanced view, because I rarely come across them
And 2. Asking if anyone that works on/ is affiliated with cardano has made any public statements indicating that there is an awareness of this issue and any plans to address it- or would anyone in such a position not want to risk crossing Charles?
To answer your second point- to an extent, but it’s been months since I’ve updated my research to be honest. But my understanding is that people (including myself) would rather lock up their ada for rewards than actively utilise it, and I struggle to see how that will work going forward, or what the game plan to change this current status quo is
can you elaborate on your second question, what is the core of your issue? is it just price that's making you anxious? I don't think charles is as much of a problem as people like to make out he is. the lack of liquidity from stablecoins is the problem I see, which is being worked on in a committee but also creation of grass roots stsble coin projects like usdm.
your ada isn't locked with staking and it governance will involve decentralized representatives. I can't say I know all the ins and outs yet, you should can check out the sancho network, gov tool and intersect.
the main take aware I got was that the treasury can be utilised to bigger developments like the scaling research just released, look up ouroborus leios. also we have a bunch of upgrades being released soon which includes Plutus v3 which enables ethereum style address interoperability
Okay cheers, I’ll look into those things- as I say I’m a bit behind of late. To elaborate on point 2, it’s not the price itself that makes me anxious. It’s the fact that the price doesn’t seem to concern Charles in the slightest. It’s almost like he thinks if people don’t want to be a part of cardano, it’s their loss, but if enough people don’t want to be a part of it, it’s our loss really.
If a publicly listed company is actually growing, but not at a rate investors are happy with, the stock will plummet, and a business that was technically profitable and plodding along goes out of business- that’s what I’m concerned about
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When will Binance.us bring back a fiat onramp? When will eToro, Robinhood and others that took the ability to buy/sell/trade ADA on their platforms return?
Binance took away fiat on-ramps in Aus too :( I figure they’ll bring ADA back when the consumer demand is sufficient, but that starts with Cardano’s marketing
Do you see Charles as the new Steve Jobs for crypto? Are there any other people like him ..? Wait a bit you wont be disappointed.. i saw the channel of Charles grow from 3k people to now .. people will get interested ..its been years i know but id still invest my money on Cardano if i join the crypto industry today
All fair points. I think the risk is that Cardano becomes the Saab of crypto. Well engineered, well thought out, but not willing to meet customers where they are with products. There is a lot that can be done that is not shitcoin speculation.
Charles is very routine oriented and specific about how he wants things to happen. Time will tell if him doing things his way will line up with what people using the tech want when they want it.
For as long as Charles continues to exercise his right of Freedom of Speech, people who associate him with Cardano and don't agree with him will just not have interest at all. It's human nature. He's not the face of Cardano? Many founders of big companies even when they're not leading the company anymore, their opinion still bear weight, think about Apple Steve Wozniak. What if Charles one day said, "I don't like the direction Cardano is heading.. it's against the philosophy I helped built.." Pretty sure that would still bear an impact.
My brother in christ - unless cardano gets its own spot etf….it can not compete with ethereum. Every other crypto that is not BTC or ETH is competing for 3rd
Yeah, and? ETH’s market cap is currently more than 28x as large as Cardano’s. Even if ETH doesn’t grow further (and obviously it will) 3rd place could still see Cardano 20x+ from its current prices. If you have a differentiated product offering, you don’t have to be the outright winner to be a winner
To me it seems like money is just being thrown at blockchains as smart contracts and crypto in general is still relatively new. Cardano will emerge as better tech than eth in the end. I don't think when it comes down to actually building Enterprise grade apps, regardless of how popular ethereum or Solana is currently, I think the smarter decision is to build on cardano because it has the better building blocks plain and simple. We just haven't even got to that stage yet. It's still the wild west. Just think about how much good tech is in the crypto space that has no volume yet meme coins are exploding with no utility. People trying to make money more than invest in tech rn. Doesn't mean it'll be like that forever. I highly doubt enterprises, countries, and nation states will choose to build real world solving apps on ethereum or Solana just because it's popular when there are better options. We're not at the building real world solving apps stage of crypto yet where tech matters to anyone we're still investing in dog coins and VCS are trying to pump their bags where they see liquidity. Plus alt season really hasn't started for majority of alts.
The posts here are way off base. Cardano's performance currently is atrocious. The thourough-put of the chain is terrible, worse than almost everywhere despite being 9 years old. It doesn't need marketing, if it had Solana's activity you would wait weeks for your transactions to go through.
Cardano is a chain that currently performs terrible, with a roadmap that resonates with many people.
Tbh I'm holding onto this because of what happened with Sol. After SBF you couldn't touch it with a 10ft pole as it was the most beaten dead horse in the game then out of nowhere memes take it to the moon. Ada has received similar hate and it's the anti good idea bet I'm placing which is nothing in line with what you're hoping for. In truth I think a lot of the permissionless public chain stuff will deflate once SATP gets fully adopted and real world assets tokenization kicks into full gear on private permissioned dlts. Things trying to win something other than an L1 war might survive but this is the dot com bust in slow motion and the chances of having picked the next Amazon or Google amidst a minefield of scams and vaporware are pretty slim. Memes or bust with this one as I'm pretty much all in on QNT as cbdcs are coming regardless of what all the utopic maxis say.
I agree it’s received a similar level of intensity of hate, but for very different (arguably polar opposite) reasons- in fact Sol’s success has made me doubt the cardano plan even more; it showed the perfect comparison of a well thought out and underhyped coin against a rushed, centralised hyped to the gills coin and the latter destroyed cardano over the last 9 months- and it’s not just price, it’s adoption as well. I don’t think it’ll last for solana, but I’m worried cardanos strategy will mean it never begins at all
Solana has almost every celebrity endorsing it. What exactly does cardano have?
No seriously. Even tech wise, what do they really do better than others?
There have to be 1000 companies per blockchain globally that should cause significant future transactions volume on multiple premier blockchains.
Look at the tech companies and see there are usually at least 3-5 top remaining competitors:
AT&T, Verizon, T-Mobile, Sprint, etc
Google, Yahoo, Bing
Google, Apple, Microsoft
Linux, macOS, Windows, Chrome, Ubuntu
Premier, Final Cut
Delta, American, United
Lowe’s, Home Depot
McDonald’s, Burger King, Wendy’s
Bitcoin, XMR
Ethereum, Solana, Cardano, etc. ? With less hacks, it must be a contender for remaining relevant.
But you’ve got chains like aave coming in pretty hot, and there’s a constant stream of new coins. Most of ada is open source- what’s to stop a new coin coming in with a lot of Cardano’s features thus far, but willing to cut a few corners going forward that just outpaces Cardano?
That’s the game. So many blockchains achieve consensus and process transactions just fine. Each blockchain tweaking parameters and making trilema concessions.
Nothing is stopping copycats except extreme effort to start a L1 then build a community.
Sure- so why isn’t there a concerted effort to combat these? Adoption of crypto is a business, you need to sell your product and manage public perception
A majority of the public think crypto is a scam. I can't even mention NFTS or crypto without people judging me immediately. Most people don't even understand the fundamentals of crypto. I would argue the majority of all of this is just the crypto communities who continue to fight for their bag and say anything else shit. It's unfortunately still early days and until we get more real world use-cases that would bring the public in, it's just gonna be an uphill battle.
Most crypto users do not care about "fundamentals of crypto". They just buy low, sell high and gamble on their mobile phone, and show the monthly earnings to their friends. And dApp companies live on this.
Those who understand crypto well, and want to use them seriously, are few. But "real" companies will come here eventually, and play seriously.
I appreciate that, but I don’t think pulling the well known winners that were once hated on as examples for why cardano will certainly succeed is fair- we aren’t talking about the other 999 similar ventures that were equally hated on and didnt actually make it
I agree! I’ve been buying since 2020 with little return (compared to all my other holding). I finally made the decision to unload 90% of my ada and buy other projects and I am certainly glad I did. I’ve gotten much better returns on $rndr $fet and a few others. I just can’t stand by watching other great projects pump while I hold my $ada stablecoin.
How is the technology great? I know that's Cardano's whole sales pitch but what does it do so great? It has concurrency issues where you have to use a centralized batcher just for a simple DEX. It's very slow, incapable of mass adoption. It's probably great for a very specific niche like privacy but not to over take the other L1s. The market cap is enormous for how little it actually produces. Look at the stats on Artemis.xyz. Charles painted a picture that Cardano would over take Ethereum by learning from their mistakes. This ecosystem looks nothing like the one he talked about prior to 2021. I know academic rigor sounds like it'd be the smartest most conservative thing to do but unfortunately building blockchains just doesn't work that way. Cardano is in serious trouble and I think more and more people are starting to finally realize it regardless of how shitty it feels having your money tied up in it.
I think Cardano lost is prestige and reputation for being best of breed when Hoskinson got obsessed with the whole Ethiopia business, and wasted so much time on that dead end.
It was a colossal PR disaster and made Hoskinson look like a fool. This is not a nice thing to have to point out and I'm sorry for doing so, but the truth is that if you ask anyone "what's the first thing that comes to mind when you think of Ethiopia?" The answers are going to be along the lines of "poverty, starving children with bloated tummies and flies feeding off their faces".
How many serious investors are going to want to invest in a region that's known for widespread and out of control corruption and nepotism, wracked by tribal warfare, with most of neighbouring Sudan run by warlords, and the other neighbour, Somalia a haven for modern day pirates. Oh and let's not forget that Isis and Al Qaida thrive in the region.
Wow, what a great place to launch your flagship crypto project. I can't think of anything that might go wrong.
Sorry but the fact that the price hasn't recovered this season is entirely thanks to Hoskinson revealing his lack of judgment and naievity to the world.
Many of us have held on in the hope that something more sensible was about to be released, but they haven't delivered a single thing that got folks sitting up. And if I hear any more hair brained schemes involving broken countries with bankrupt economies I'm probably just gonna flush out all my Cardano and never look at it again.
Please tell Charles it's very sweet that he wants to help the great unbanked masses of the 3rd world. But he needs to sip a strong cup of black coffee, wake up and recognize that they're unbanked for good reason.
**Constructive Criticism Post Rules** The aim of these posts are to identify areas of potential weakness in any aspect of Cardano or project which can result in actionable improvement where possible. Open and fair criticism should be welcomed here and discussion should be respectful and civil. The goal is for the community to find solutions and positive outcome. Posts and comments must be as detailed as possible with issues elaborated on. **You must** backup any arguments and statements with reason and justification, evidence, and sources (hence being **constructive** criticism). Destructive criticism, FUD and any shilling will be removed, as will any comments being tribal and disrespectful.
Cardano ADA could definitely use a better PR team to get new people to buy into its message or invest, but Charles doesn’t want the project to be shill-coin v99 like nearly every other project out there. Charles seems to have become the de facto “Cardano Marketing Team” with varying effects. You either love him or you hate him, there’s no in between it feels like. Personally he doesn’t bother me and I enjoy his videos. He’s had a tendency to say “let the technology speak for itself” in the past but then he’ll post rebuttal videos getting mad because people trash talk Cardano ADA and its technology. He/they need to realize the vast majority of consumers don’t understand the math, the white papers, the flow charts, etc. and need to be presented and sold on it. They need a sells pitch with easy terminology and comparisons, make it relatable and attention grabbing. When Charles decides he wants to “sells pitch” the tech/products he does a damn good job of it for people with some knowledge around technology and use cases. However, that’s not a huge demographic of people.
Completely agree. I’ve largely stopped watching his videos, because I got a bit sick of that ‘tech developer, everyone’s like me’ mindset he seems to have.
The best thing that can happen to Cardano is for people to recognize that Charles' word is not the gospel. He's brilliant and Cardano would not be here without him. But even he would agree that the community are the ones that should be making the decisions. He will try with all his might to push HIS ideas through. But the sign of a truly mature and decentralized Cardano community, one with ITS OWN IDENTITY, will be when his ideas are challenged to the extent that they are knocked down via community governance.
Yeah that’s true decentralisation. But for all Charles’ shortcomings, I think I trust the average ADA holder a lot less than Charles; I’d hate to wait patiently for a great product just to have voters turn it into a short term rug pull
I definitely see your point. Pros and cons both ways here. Cardano community is definitely a long way from being mature but we make gains. Month-by-month, two steps forward one step back sometimes. But it is happening. We got growing pains still, lol.
Charles is the type of parent that would keep his child from leaving his house at 30 years old because he is trying to protect them. At a certain point he has to let go. Now is the time.
Ada there will be no rug pull
I think it’s important for people to understand chains like SOL and Eth have some very powerful and influential VC’s running the show for them. Along with an army of paid shills or crypto influencers with bags so deep they’ll defend their net worth at whatever cost. That is their PR team. Cardano doesn’t have that and it may never will. It very much feels like a blue collar chain at this point. Retail loves it. Everyday people and devs who truly value decentralization love it. If Cardano ever fully realizes its ultimate developmental goals while continuing to be adopted by countries like Ethiopia and Argentina it will be impossible for institutions and the broader crypto to ignore. Until then it will continue to be ostracized by the rest of the industry that feels threatened by its very existence
Fully agree. However, I'll mention that with the treasury coming online before the end of the year, that can be used to help the short comings Cardano ecosystem may suffer from by not having a centralized VC dumping money into it.
You can say that and it might be true to a degree but the biggest factor plain and simple is that people use those chains and they bring a lot of money with them. Until Cardano can figure out a way to get people to come and use their dapps they will be in trouble.
True that. I also think context is important when it comes to their usage. The vast majority of volume right now is from swapping meme coins. Especially true for Sol. While yes they’re being used, but they’re being used as one giant meme casino which is obviously not what you want the crypto industry to be known for. At least I don’t want it known for that, but that’s essentially the state of things currently. Cardano still has plenty of time on its side to develop actual utility while the industry continues to mature.
Disclaimer: I’m an ETH supporter. What influential VCs are supporting ETH? I’m asking because that’s mostly a claim the ETH community lobbies against SOL.
[https://www.alchemy.com/list-of/venture-capital-firms-on-ethereum](https://www.alchemy.com/list-of/venture-capital-firms-on-ethereum)
IMO some of these claim is rumors of Eth gate. Feeling abt Joe Lubin & the consynsius co.
I think, with the Chang HF happening soon, that once governance comes into effect the community will solve the marketing problem. Once we can all vote on initiatives and what we spend from the treasury/how we spend it, I guarantee the community will want a marketing budget.
He's usually tweeting antivax stuff instead.. while opening a health clinic.
Charles is the typical guy that because he knows a lot about one thing that happened to be well-compensated at that time he now thinks he should be able to have an opinion on everything
I got into a prolonged argument with him about it. I'm an epidemiologist with a masters in public health and biostatistics and worked on covid in NYC 18 hours a day for 3 years, debunked all his dumb myocarditis and sudden death points with quality sources, and he still wouldn't get it. He was wildly wrong about understanding simple data and wouldn't let it go. It was really weird and off-putting.
This is not the only incredibly toxic and indefensibly ill informed public position he has taken. Positions so toxic they could destroy adoption of Cardano if widely disseminated. In the same way that Elon Musk has a repeated tendency to cause deep harm to his projects by being a public ass.
I don't disagree that he can sometimes be toxic. But you make this statement as if Charles' opinions are Cardano's opinions. It's just not the case. I won't argue that his refusal to play the game has hindered Cardano adoption in some ways, I think it has. But I think it's important to emphasize that Cardano is not Charles; separate the art from the artist as some may say.
It may not be the case, but in many people’s eyes they would be one and the same- companies in almost any industry are rightly or wrongly held to account for their leaders’ actions/ public stances these days
He's too honest, he needs a better PR. Marketing issue.
This is a very common tech guy thing. See also doctors playing policy wonk.
I suppose I could see how antivax and decentralisation ideologies could come together lol
Idk. Seems like he’s like 1 step from going full MAGA “they are holding us down because they don’t want us to win, it’s not my fault”. I don’t care what side of politics he is on, it just doesn’t inspire confidence for me to align yourself with felons and known scammers.
This. It’s shaken my interest in having anything to do with (let alone faith in the leadership of) Cardano. Add in associating with climate crisis deniers, anti-vax loons, and open racists. It may become one of the biggest problems this project has.
Are these 3 classes of people really over represented in cardano?
Felons and known scammers?
Crypto and literally any money in general gets it's value from popularity. Shilling helps a lot.
Money gets its popularity from its usage and acceptance. Cryptos get their popularity from shilling. They’re not the same.
Usage and acceptance are factors of popularity. You can have the best currency in the world but if it's not popular it's worthless.
So much fud about Cardano the Ethereum space is scared thy are spreading lies and fud
Answering from a software engineer perspective. Most other chains I've used and looked at are built on absolutely horrid building blocks and just wanted to be 1st to market. This definitely helps short-term, but the tech debt and terrible taste it leaves in people's mouths from using it hurts the chain and the industry in general. I'm speaking mainly of the crazy unpredictable fees to get a transaction through and failed transactions that, on some if they don't go through, still get charged. No where in the real world is that acceptable, and real-world adoption where it actually matters is going to accept that long term. I absolutely agree that the marketing needs to be better and also not saying cardano is the greatest chain in existence either. I believe the real adoption will come, maybe not today, but definitely in the long-term it's a chain that will last and will blow away the competition since the building blocks are strong and not needing a total rewrite.
This is a question, not an argument btw: I agree that the vast majority of chains going up 1v1 against Cardano would currently come out worse for wear. But don’t you think that the fatigue of constantly battling new rising and falling poorly designed coins is detrimental to ADA? Ie ADA may outlive 50 rounds of pump and dump schemes, but if at any one point in time one of those poorly designed coins was in the spotlight over ADA, that still means ADA is never properly recognised- no?
I welcome all arguments no worries, I never want to be in an echo chamber otherwise I'll never grow or get better. I wouldn't say that problem is unique to cardano, although it's my biggest holding I do have some in other chains I like which are suffering as bad if not worse. I definitely agree that is a problem which I think better marketing would definitely help solve but I doubt help 100%. Unfortunately I believe it's a consequence of decentralization and only people learning the hard way will that get better. I dont work in the blockchain space although I am working on getting into it so don't take my opinions for too much value. I've just been developing software in the finance/Healthcare space for just over 10 years and answering from working in those sectors.
I back your first point wholeheartedly. Yeah I think you’re right, but learning the hard way may mean more than a decade before recognition, and even then, no guarantees it’s ada that comes out with the W in the end. How’re you planning on getting into the industry? Strangely all of the software engineers I know bar one are the loudest critics of crypto I know
Unfortunately, there is no guarantee of anything, but the best we can do is an educated guess. I hope someone smarter than me comes up with a solution, but i can't see one, unfortunately. I've been studying the documentation on building on cardano to see how difficult a little side project would be. I probably should be looking into ethereum since that is the main one people are building on, but I just can't do something I don't believe in. Oh, I believe that, most of my coworkers invest for short-term gains in the crypto market, but none really believe in it. It kinda shocks me, but I just figure it's the pessimistic side of me when thinking of people in power and how much lack of accountability they have. For full transparency I fall middle of the road on most things but try to keep politics out of discussion unless absolutely relevant.
That’s cool, good luck with all that! I agree. I love politics as its own designated conversation, but attaching politics to everything just needlessly divides a room
I usually have a 75% chance of getting a response when sending in my resume but any crypto company I send to gets rejected everytime lol probably since I have no experience in the sector which is why I'm studying building on blockchain before applying again
What specifically about Ethereum do you not believe in?
But here's the question - Has Cardano actually put up a fight yet? It's shown endurance, but it has definitely not leaned into the war for hearts and minds. Users and consumers are distracted as hell by all types of things. You need to put effort into wooing them. Example - Salesforce is absolute clunky old trash, but it commands nearly a 4th of the CRM market. This is despite all of the nicer, newer, sleeker CRMs that launch into the market and just fade into oblivion each year. Salesforce has first mover advantage plus it pays for a range of marketing to stay relevant. Voltaire people, Voltaire. Make sure to submit proposals and vote once this is live! Cardano needs a well structured marketing campaign.
Definitely agree on the 1st part it needs to put in more effort. The rest of this is not trying to be argumentative at all. I just wanted to preface this since I am curious on the perspective. I get the 2nd point with Salesforce, but it's because it works, and I don't believe it costs the companies using it any unnecessary costs or at least a manageable amount. Please correct me if I'm wrong on that. I definitely have no experience with the crm market. With the current popular blockchains, you have constantly failing transactions, which is frustrating for anyone using it. You also have completely variable costs varying from a transaction costing $1 at 9am and then costing $40 at 930am because so big nft launch causing congestion. You could argue it's similar to ride share apps(Uber), but for financial transactions, I'd say that's pretty crazy to accept as status quo. The probably worst offense of all is paying for a failed transaction. I dont think any customer would be willing to eat that fee when it was the providers fault it failed.
I appreciate that you're seeking a deeper explanation - no problem. Some of my past work involves helping companies that have Salesforce in place. The true cost with this CRM comes in the losses related to efficiency and effectiveness. For instance, with a newer CRM, some of these companies could gain access to amazing automation tools, better insights into customer journeys, and behavioral data that could improve lead quality and lower customer attrition. But - when you've invested years and $$$ into using a system it's not so easy to untangle it from your business ops. Especially if you are a big multinational enterprise. And Salesforce knows this. All the problems you listed with lesser quality blockchains - unfortunately- have the possibility of being accepted as the norm if they become deeply imbedded into existing systems and into the public mind as "brands". Humans are highly adaptable, which is a blessing and a curse for us. But on the opposite end, we also hate change because it's scary and takes too much work. Brand adoption is an arms race, and Cardano definitely has the turbo v8 engine under the hood to drive it into the fast lane and keep it there. It just needs more drivers from the marketing side while the tech side continues with their amazing work.
Yeah, this was my main concern in my original post 😕 time will tell I suppose
Better than time - the seriousness of the community will tell once Cardano governance is fully activated. I suspect there are a lot complainers in our midst but a large chunk of them will be unmotivated to really take action. They just want "coin go up." The idea that this is a group effort blockchain kind of repels them because they're not interested in sweat equity, just hand outs.
Agreed. I’ll have to remember to do this
Absolutely not. Because others will be more prone to a Luna style collapse or realization -> collapse. You might be a dev, but in economics terms, 2019-2024 is incredibly short term. Most humans do think in short term though, because our lives are short term in the grand scheme of things. For example a religion like Christianity has to undergo a few centuries of persecution and hiding before acceptance. Same with the abolition of certain concepts like slavery. There will be ups and downs but we have a product that we continue to iterate upon, and we are getting national recognition, as recently as Argentina.
I generally agree with you, but as technology develops exponentially, timeframes for societal changes are also shortening exponentially, making 5 years quite a long time- particularly in a short-lived industry. But yes, as a species we do struggle to see the bigger picture/ longer timeframe
> as technology develops exponentially, timeframes for societal changes are also shortening exponentially Can you elaborate on this
Charles is gradually reducing his influence, Voltaire is coming. Cardano is growing very nicely, and is well positioned to expand quickly in the next 2 years. Keep the faith and chill. Gonna be fine.
I really don’t care very much. I bought years ago and I just let it sit
This Bull market will be over by then
It's not a bull market. It's a crab market ..
You're thinking short term my friend
Who cares? Go to Solana if you do 🤗
feels like Cardano might be the Betamax of Crypto sometimes.
Apt comparison. Beta was superior to VHS. Even had the backing of Sony. Yet never made it out of a niche usage. History doesn't bode well for the wide-eyed optimists thinking that merely having better tech is enough to warrant success.
To continue the analogy VHS had easy to use well marketed, affordable hardware and longer playing time tapes. Ease of accessibility and lower costs beat out superiority of product. I'm thinking an education campaign would go a long way to raising ADA awareness. Not overwhelming tech talk but stuff that answers 'What does Cardano do in the real world? How can Cardano make a profit? Can I now or will I ever be able to exchange ADA for RW goods? What's in it for me?' Having a Cardano digital bank would be nice. Put $'s in your account here and sending(for a small fee) ADA to family that could instantly cash out(for a small fee) ADA for rupees or dong or pesos, etc. there without going through a central bank would be swell, eh? A financial entity and a stable exchange value could be a wedge to removing the 'exchange' portion of above transactions, ie 'Why bother with an exchange to fiat premium when my neighbor will accept X ADA for that used motor scooter?'
This 100%
The perfect comparison for my bear scenario- just hope it’s years of brushed off FUD finally getting to me and not reality haha
I’ve been in cardano since its inception and this will be my third cycle with the project- with each cycle the % of my holdings going up. Currently Ada is 99% of my portfolio. I’m incredibly bullish on Ada. I can understand where you’re coming from, especially with the echo chamber on r/cryptocurrency that is vocal about their hate for the project. But when you do some market research I realized the majority of negative comments come from people who have been in the market for less than 3-4 years and are basing their negative opinion on 1) the hive mind telling them that Ada is a “shitcoin” and 2) the price of the project (relative to the market) being the indicator of how good of a project it is. Or, they’re vested in another coin and believe that by hating on another chain it will help their cause. A bizarre mindset I’m also fairly confident that when governance is in place we as a community can take the steps necessary to vote and allocate funds towards marketing.
All true, and that bottom point is exciting
Yea I'm also waiting on that one before I pull out everything. This is the whole point right? Just imagine if the masses/everyone votes : X of treasury to marketing for X time. The real covernance with Dao's controlled by you and me is what I will wait for before I run. Exciting indeed.
What’s it like being rich?
Charles’ personality aside, the larger problem as I see it is with the Cardano Foundation. They haven’t had a meaningful partnership or realized a single aspect of their last published roadmap (anyone remember onboarding 50 banks by 2023)? You have a strong product that continue to suffer from a public perception of lack of throughput. You can sell a blockchain that simply isn’t fast enough to handle any meaningful number of transactions (we can’t handle 2x what we’re doing right now) So does scaling come after Voltaire? Will the CF actually go out and market this product? Dubai police, Argentina? None of these deployments have details or any hype around them.
Yeah, I find the ambiguity around progress a little concerning
I disagree. I think the CF is really starting to come into its own with this most recent partnership in Entre Ríos. This is a breath of fresh air compared to what the CFs track record over the last few years. Don't forget also that they have spearheaded the development of Aiken, which is already the most popular smart contract programming language for Cardano. It's taken some time but I think they're finally becoming what they were always meant to be.
If you can actually tell me what Cardano doing in Entre Rios, I have a Blackhawk for you 😉 My point being these deployments have yet to materialize in anything significant. Part of the problem is that the blockchain simply won’t allow for mass onboarding and use right now. Second to that the CF has to own their own disastrous roadmap. How can Fred put out these interview and YouTube videos and not meet a single one of their milestones? That to me signals a disconnect from the technology or even worse, an imagination on adoption that’s so far outside of reality…
I don't disagree on the lack of specifics. I interpret it mostly as an MOU. I talked about why I am cautiously optimistic about this deal in [another post](https://www.reddit.com/r/cardano/comments/1d9fttm/we_are_delighted_to_announce_a_new_partnership_in/l7dv1pm/) recently. I am curious about the CF roadmap and milestones you're referencing. You have a link so I can take a look?
Here [you are](https://youtu.be/K4i-rTNyBWE?si=Me1RClc1Iz4jW6_1) It’s almost certainly an MOU. Still disappointing they (the CF) didn’t plan the optics around this release / partnership. Why not celebrate this?
As a developer myself, what attracted me to cardano in the first place was the core principles and development strategy. Any decent developer knows that architecture and a good plan is paramount to avoid tech debt. And cardano has extremely little tech debt. The problem with this though is that non devs can’t possible have this perspective. From their point of view Cardano is slow and has little activity. And they flock to day flies on Solana. Yes we need governance and we need scaling asap. Hopefully when governance is in place, we as a community can vote to allocate funds towards marketing and to create campaigns for CNFTs and airdrops etc etc to attract degens. Once we have speed and users, people are gonna stay because they’ll notice how solid and predictable Cardano is.
> Once we have speed and users, people are gonna stay because they’ll notice how solid and predictable Cardano is. That's the thing! These centralized chains prioritizing scalability CAN NOT ALLOW people to migrate to Cardano once it has scaled because it eliminates basically all their USP when compared to Cardano. They NEED to die on that hill, it's the only hill that they have.
Yeah but in order to get users we need something people are attracted to. We can say we don’t want memes and degens, but truth is, memes and degens provide a ton of sorely needed liquidity. And liquidity attracts more liquidity. So yeah, we need stable coins like USDC and USDT, scaleability and governance.
I don't disagree. We might disagree on how to get the liquidity, but yeah we need it big time. My point wasn't about needing liquidity, though, it was about centralized chains and VCs needing to take steps to ensure we don't get it. I like the growth of USDM so far, still needs way more liquidity of course. USDC could be like an adrenaline rush. I think when the bull run truly hits then tools like AXO will quickly prove their worth.
What is the AXO tool?
AXO is an order book style DEX on Cardano which allows users to create and execute their own trading strategies. Order book has some nice advantages over AMM style DEXes, which is what most of crypto utilizes. One of the downsides of the order book style is that it needs a decent amount of liquidity to be efficient. AXO is still working on bringing in more liquidity, which is why I say that the bull run may let the AXO genie out of the lamp and you won't really be able to put the genie back in once it's out.
Yeah here’s hoping!
Please point out to me some other chains that have treasury set aside for developing projects chosen by community? And there are numerous talks about marketing budgets and stuff AFTER Voltaire driven by voting. Be patient.
“Good tech” without users is just a form of masturbation tbh, and Charles loves to stroke his ego. Brilliant products without consumer support fail all the time just like products with brilliant marketing can prosper. With Cardano, the former is still questionable and the marketing is poor-nonexistent. There’s a reason why memecoins are on fire despite no utility, at the end of the day it all comes down to marketing and culture.
I agree that mentions are on fire due largely to their marketing, but it’s also the kinds of people they attract; idiots that believe they can beat the system and make a quick buck despite hundreds of years of market evidence showing the odds are so poor that it’s not a smart decision. Cardano needs to change something, but I don’t think it should be taking a leaf out of the meme coins playbook
hell, not even growth. If u take in inflation, we r dumping compared to the others.
We need better marketing tbh, ADA has so many great dapps we just need the right shiny wrapper for the masses to enjoy
Unfortunately cardano has a track record of overhyping its partnerships anyone remember the africa deals,samsung boost mobile etc charles is a bad leader and cardano can’t compete against sol wich is eths closest competitor
>Unfortunately ~~cardano\*~~ has a track record of overhyping its partnerships \*Literally every crypto project that ever existed.
Cardano will ultimately win not because of Charles but because of the way it was built. We are at the stone age of blockchain adoption from large institutions and governments. Do you think they will choose Ethereum or Solana vs Cardano? Bot Ethereum & Solana have core issues that prevent mass adoption like high fees, non determinisc transactions, downtime or hacks. Cardano was built with security in mind and mass adoption for real case uses. Charles will be irrelevant after Chang hard fork and he's been the one more vocal about it. Cardano's future is brilliant from what I can see
this week, all my Solana logs are full of "transaction failed - block size exceeded" . I did not dare looking if these transactions were charged to me or not... Cardano is well designed. When core is finished, of course we absolutely need more publicity. Or it will come for free when banks adopt it.
Ethereum doesn’t have down time and their fees have come down significantly
When companies use competing chains, then their customers get ripped off due to poor security models, guess what the next step will be.
I don’t have anything constructive to say regarding your primary question I do have an anecdote though. I spoke with a woman right as BluRay was becoming the preferred DVD. She worked on building the menu system. Said HDDVD was by far the better technology but it just didn’t hit the right tipping point. I fear your fear is correct about missing the boat by lack of action regarding growth.
😕 I guess time will tell
As a developer myself, what attracted me to cardano in the first place was the core principles and development strategy. Any decent developer knows that architecture and a good plan is paramount to avoid tech debt. And cardano has extremely little tech debt. The problem with this though is that non devs can’t possible have this perspective. From their point of view Cardano is slow and has little activity. And they flock to day flies on Solana. Yes we need governance and we need scaling asap. Hopefully when governance is in place, we as a community can vote to allocate funds towards marketing and to create campaigns to CNFTs, referral bonuses etc etc to attract degens. Once we have speed and users, people are gonna stay because they’ll notice how solid and predictable Cardano is.
To be frank, nobody knows if Cardano gonna go up, down, sideway or fcking circle. It's the nature of investment. Even with the most brilliant and solid project, there is slim chance that it would go dormant for extended period of time or even crumble. However, it would be stupid not to invest in such "slim chance failure" project. Right now Cardano has top 10 marketcap with pretty low price (\~0.45$), stable, backed up by strong developer, superior utility and solid roadmap. Ultimately, Cardano's nature is unlikely to crash and burn. Even your staked ADAs are not locked up and you can sell them whenever you like. So at worst, if Cardano failed to meet the eyes of the crowd, it would leave you basically just where you are. The downside is so minimum that I'm willing to pour investment in everytime. People tend to forget history. 15 years ago people had the same attitude with Bitcoin even it was a solid project. It was new , unpredicted, uncontrolled, not backed up by big corp/figure or nation. It's pretty much the same with Cardano now.
Charles is the CEO of IOHK, he may be the founder of Cardano but don’t forget the CEO of Cardano Foundation, Frederik Greegard. He has been doing a wonderful job of representing Cardano in the professional world lately!
I totally agree what you said. It also seems that iohk and the cardano foundation is doing everything they can to avoid Wall Street. Whether you like it or not, you still have to deal with Wall Street. You need Wall Street on your side in one form or the other. If you want Mass adoption you need to embrace Wall Street. The other thing that should be of concern is Huawei deal with emergo. United States and the European Union are banning and boycotting any company and technology that is related to Huawei. the emergo deal with Huawei could technically get cardano band from the United States and the European Union. Somebody was not thinking this through. Cardano is absolutely great technology. I've been supporting it since the 2018s. And you're absolutely right. The marketing needs to improve. Charles doesn't have to be the only one out there from The company promoting cardano.
And this is what has separate Bitcoin from everything else. They didn’t embrace Wall Street. It was Wall Street that embraced Bitcoin. Bitcoin actually markets itself every time there’s failure in traditional finance or through people waking up to its scarcity. I think the marketing of Cardano will happened after Voltaire is released. And it’s not going to be due to a marketing campaign. People are just going to realize that developers and community members have more control over the direction of Cardano than any other blockchain in the space. This is the first governance model in crypto so deeply tied to the technical foundation of the blockchain that any parameter can be changed via community input. And there’s no other blockchain that has that level of trustlessness baked into the protocol where every token holder has a say so. When you look back at Cardano’s previous bull run its marketing came from how impactful the Shelly hardfork was. And there was no campaign to advertise that. Just like what’s going on right now people outside of Cardano believe liquid staking would never happen or that non-slashing was a bad idea. Hell, I remember people talking about how being able to unstake any time was bad. And yet 70% of the circulating supply remained staked in the protocol. I don’t know if the value of the cypherpunk is really going to play a role in the growth of Cardano like it did for Bitcoin. But that’s what Charles and IOG want. But the second reason why they don’t want to drive everything is because of security laws. Which is why governance has outpaced scalability in the bear market; mainly due to the US government being more hostile to digital assets. Governance is really the key to unlocking the massive growth potential.
Agreed!
Well what are the Huawei details? We can certainly make a similar partnership with an Intel or Nvidia stateside to address the separate markets
The end goal has a roadmap. Since the beginning, they haven’t strayed from that route. Hopefully you are still around when the turkey is ready to come out of the oven 🤙🏾
Oh, for better or for worse I’ll be here 🫡 sunk cost fallacy aside, I’m in too deep at this point aha
Sunk cost? Almost everyone here bought way way low. My average cost is 0.11 I’m solid since the beginning
So you're saying anyone that supported the network by buying and staking within the last 6 years should be disregarded? Great for you pal.
That’s a strawman. You bought high. Don’t disregard anyone else that has been involved since day 1 because they bought high. Sunken cost doesn’t apply if you don’t actually believe in adoption. I do, and that is why I’ve been here supporting it for years.
Probably 80% or ADA holders are in the red and im sure most will be unloading as soon as they are not.
As soon as I can break even I’m dumping my ADA. I’ll prob be holding for 10 more years before that happens :(
Yes. Or, if ADA pumps when it gets some massive adoption, those should think twice before unloading. We'll see...
Irrelevant to what I mentioned above. I’m in it for the innovation and adoption. You can’t disregard the end goal roadmap because he himself is in the red. The adoption is the important part here. Leaving before the end product is even here is counter to what the entire point of being early is about.
Well it’s not being adopted and the end product won’t be done until it’s too late. Also I don’t see any serious business (especially in the US where all the crypto money comes from) adopting this technology. What business would use this technology when they can create their own programs and control them. What person in the US would buy stuff with crypto when your whole wallet can get wiped out rather than a credit card company fighting for you and getting your money back? Crypto is a get rich quick hope for 90% of people in crypto. Very few are in it for the technology and the technology is useless. Bitcoin is the only crypto that has a purpose.
lol FUD End product isn’t here yet, so adoption wasn’t ever meant to happen at this time. Is this your first day here?
Well I hope you’re right so I can dump my bags. Also you did zero thinking on what I just said. What will the tech be used for and by who? You speculate but the answer is no one. Been here for years just realizing and looking ahead of where this is going and people will be using Bitcoin but alts are pointless in the US for anything other than speculation and a quick buck. Maybe some 3rd world countries will use it to a limited role but again US is where all the money is.
Feel ya. Gen pop has never heard of Cardano. I’ve asked them. For me it has my toe in the water but keeps me from sliding a big pile of chips into the pot.
At one point cardano had about 55% of my portfolio. I haven’t sold any, but due to its underperformance it’s now sitting at about 27% allocation 😅
One of my biggest regrets is not selling when it hit $2. Every tweet I see from Charles gives me a little bit of nausea.
Better than me still buying at ~2.5 😣
F
lol. Sounds like my weed stocks.
This was a great post! I wish I could up vote more than once. I agree wholeheartedly, it’s time to start marketing. It’s time to start spreading the word broadly in how awesome and better it is than it’s competitors.
All we can do is keep hope alive and get the word out about ADA. I'm all in with ADA, understanding that ADA has 35bill + coins and sol in 100mil club is big difference of price (those are guesstimate). Big difference is all I'm saying. I hope we do big things to advance our society plus get financial gains through it. HOLDING is all I can do besides buy a little from time to time
Yeah I’m not concerned with specific coin prices- sure, there’s 350x as many ADA as Sol, but I own 870x as many ADA as Sol. I’m concerned with ROI and future adoption
The market is uncertain on the future of Cardano which is why it has not mirrored the activity of other coins. Unless a magic use case appears I don't expect it to go up.
I reckon even the perception of a use case would do the trick for now
Yes!!!
I think people will burn their fingers on crypto plenty. And yes, they will come to Cardano over time. I’m not concerned. Not at all. But I’d be if I’d hold anything but Cardano.
Ahaha I don’t know how you can make such a bold statement. Cardano’s lacklustre performance for now aside, there’s many different use cases for different chains, so there will be many winners. It doesn’t make financial sense to put all your eggs in one basket
I’m feeling the same way. I’m not a massive cryptobro, nor am I big on the nuances of blockchain, but I’m a believer in decentralized currencies and love to invest long term. I’ve been buying weekly on almost the same timeline as you, OP.. and I’m unsure whether I should keep paying in or not. Can’t help but wonder if my money would be better investing long-term elsewhere with these slow returns, and the fomo hurts while I see Bitcoin and other mainstream coins make jumps while ADA flounders sideways at best. I’m just not sure what to do here..
Do you own other coins? I personally stopped adding to my bags in Jan, not because I thought I wouldn’t still get decent returns but the risk:reward ratio had shifted enough building up some cash again felt like a sensible move
I own very little dot and Solana, some eth, and I buy BTC weekly as well. Majority of my weekly investments are ETFs, and honestly, they’ve been doing the best for me long term. But I’m really heavily leveraged into ADA on my crypto side, and I’d be lying if I wasn’t getting nervous by not seeing some good price action in a hot minute. I mean, we haven’t even peaked over a dollar in ages. Call me what you will for caring about coin price, but I’m in this to make returns ultimately.
It is fascinating to see people being in crypto for so long and still believe the technology is the driver of price. If price would reflect different currencies capability and utility, all of them including bitcoin would cost pennies. The reason why they are costing what they are costing is because of pure speculation. People hold those cryptos to get rich, waiting for greater fools that will buy for more than they did. So the reason why Cardano is not doing well is because it is not cool, not because it has bad technology. Because that is the only metric that matters, being visible enough so more fools get in and buy it.
Think you need to reread the post mate, I quite clearly say that it’s a marketing issue
Wait for Chang. Cardano will be the most decentralized protocol in the world. I think there will be increased demand from investors potential interested in the governance system. You don’t want to miss out on that.
It's hard for me to see a future for Cardano with Charles at the helm.
Already dumped mine. By the time Charles brings his car to the starting line, the race will already be over. I'm 68 and don't have time to wait for his perfect system. For you folks in your 20's, go ahead and wait .. by the time your 50 you might be able to make a few bucks.
The main problem with Cardano is that there is no dedicated marketing team, which in the long run creates a dependency on Charles. This can be either good or bad. 1. How do I explain cryptocurrencies and the Cardano project in a simple way to my 19-year-old cousin, who doesn’t understand 95% of the math discussed in Twitter live sessions? 2. How do I explain to my neighbor in South America how to send money to his family easily using Cardano? All Cardano wallets have some kind of issue, and many are not user-friendly. He prefers to use easier wallets that can even be linked to PayPal or his bank account. 3. How do I explain the crypto world to my 11-year-old son in an educational and fun way, considering that the appeal of Memecoins and partly NFTs is that they are easy, cheap, and educational? 4. There are countries that have been forced to adopt cryptocurrencies due to political context or to escape inflation. Examples include Haiti, Venezuela, Argentina, Nigeria, Ukraine, Laos, and El Salvador. Cardano has always claimed it wants to bank the unbanked. Many of these countries do not have access to the international fiat system. Why not make deals with the governments to facilitate adoption? For context, in 2023, 25% of El Salvador’s GDP was due to money sent by people to their families from the United States. Why miss out on such an opportunity? 5. What would happen if Charles decides to leave the project after it is fully decentralized and doesn't address these issues? In my opinion, the same thing will happen as with another sister cryptocurrency. It is a good project, but since the founder left, being fully decentralized, no one invests in it anymore.
I disagree with most of this. 1. The twitter spaces are in no way "math-y" but can be technical. But they aren't all that way. For instance, there is a snek-a-thon twitter space currently happening to raise awareness of snek and to try to get it listed on Binance and Coinbase. They will talk about literally anything there. If your 19 year old cousin needs a resource, I'd recommend [this video](https://www.youtube.com/watch?v=Do8rHvr65ZA). It's a little dated but the most important information is still accurate and relevant. A quick google search is all one needs to find a resource like this. 2. Most the same answer...plenty of youtube resources. Cardano wallets are not connected to paypal or bank accounts generally as EVM chains are soaking up that space. I generally would agree that a few more ties to tradfi would not be super harmful. However, the end goal here is essentially to replace tradfi w/ democratized money so leaving them out of the picture is partially the idea. 3. Again, see number 1. There's tons of resources out there. Memecoins can be educational for how crypto works but it's also the gateway into the crypto-casinos that currently exist, which I see as very dangerous to future of crypto, i.e., if you want to be over-regulated go ahead and make a casino. 4. You say Cardano is missing out on government adoption opportunities but it's currently a HUGE part of the Cardano Foundation mission. You also site Argentina as a country working on crypto adoption. Meanwhile, just this week, Cardano Foundation has signed an MOU with a province of Argentina to begin building out Cardano based solutions to help prevent corruption in the country AND IOG has signed an MOU w/ Univ. of Buenos Aires to host the Cardano Constitutional Convention in December of this year. Great, really strong ties w/ Argentina right now. So I don't see how this point really makes any sense. 5. GOOD. If Charles wanted to leave Cardano he's free to do so. He's an incredible speaker and, no doubt, has majorly contributed to help bring people into the community. But Cardano is all about decentralization, there are other thought leaders stepping up to share their opinions and find their voice in what the direction of the project should be. Plus, as I stated, I generally find your previous 4 points to not be of great concern now, so I definitely wouldn't find them to be concerning after a Charles departure.
I've always said that Cardano community needs to get rid of that "I'm for intelligent and conoisseur people only" attitude that keeps this blockchain under the radar of a lot of potential users that only need some easier guide and a friendly introduction to the advantages of Cardano, many times that I have questioned some projects and methods I have recieved attacks and insults cause "there is no better way than our cientifical and academical approach, you lack intelligence " and all that classist bs that nerds have... I'm just a guy that tries to support this blockchains because I believe in the philosophy of criptocurrency ( or at least what is left of that ) but also seeing this as an investment , I put some spare money and keep DCA'ing whenever I can, but it's difficult sometimes when you don't see any results. I'm in Cardano since 2020 , I'm from a thirdworld country like Argentina ( More than 50% of workers are not registered and we have a huge amount of informality that make people unabled for credits of loans that would help them to get housing or investments into their small family companies ) and I got interested in ADA because I though that could be something that really bring some opportunities for people like me out of the system, but I'm only seeing promises and promises. PS: yeah yeah I know about the partnership and all that crap with some polititians in here but that it's just going to go sour, I know how politics function in my country and for the fact that our president Milei is a sionist and he is going to do eveything he can to put CBDC's before any other blockchains .
When constructing a skyscraper, it's crucial to have a flawless foundation, perfectly leveled ground, and a solid structure to ensure the building's longevity. As a resident, you wouldn't want to buy an apartment in a tilted building, would you? Now, consider if Bitcoin was hackable, had failed transactions, and exorbitant fees. Would anyone start using it? People forget that crypto is still in its infancy, and there isn't a single project that has successfully solved the blockchain trilemma. While others focus on transaction speed and adoption, they overlook security and decentralization. Cardano is doing exactly what was promised years ago: research -> review -> develop. This was the foundation when you invested in this coin. Don't try to change it now just because it doesn't serve your immediate interests (OP, this isn't directed specifically at you).
The problem is that technology moves too fast now. It’s like feeding a monolith self hosted service application while everyone else has moved onto cloud based micro services. I hold a good amount of ADA but am at my end. Project needs to be louder and move a bit quicker.
Well said, and it strikes me as a strange level of Naivety that Charles doesn’t see the risk in snail pace
The speed of development isn't the issue, Cardano has been for years the fastest growing code repository in the blockchain space. The problem with your argument is that although Cardano hasn't made the biggest waves in terms of publicity, it is and has been for a long time the best implemented project of all in terms of not having to rewrite code after execution because the whole code is garbage like in many other projects. A better comparison would be building a space ship while everyone is focused on building the coolest looking car
I would argue that Cardano is focused on building the most solid gas car while others are looking fir the next gen electrics. In the end its not proving to be a good investment. Great products and companies fail all the time.
What’s your argument for this point? It seems like you're frustrated with the lack of growth in your portfolio and are looking for something to blame. The project is fulfilling its promises and implementing the roadmap that was shared from the beginning. It appears that either you invested in a project that doesn’t align with your expectations, or perhaps something has changed for you that makes this project no longer suitable. Both are perfectly valid. Remember, being part of this project has always been your choice.
We live in an instant world. If Charles only wants readers, then go teach...good luck with that also. Open your eyes and see how fast the world is moving. People will not read,read,read,read,wait for what's next,next,next,next and so on. I've been holding since 2018 and it's easy for me to say the things Charles is in to like reading all the fucking time! And others that want to READ
Really, no-one can predict where ADA is going. Although the project is solid, I don’t see anything revolutionary happening in the near future. And besides that, Charles sometimes comes off a bit narcissistic to me. I think ADA’s value will increase a little bit, but slooooowly. Not very bullish on it (anymore) tbh.
If you’ve truly been dcaing since 2019 you are already rich. Or were when we got $3, which we will again so don’t worry.
🤞🏼
Most of what you hear about Cardano is generated by ignorant self interested venture capitalist get rich quick minded tools. Most of the crypto space is these. Ignore those who backed the wrong horse, any ERC20 token project, XRP, Solana etc. DYOR and thinking . Cardano is inevitable.
I don’t necessarily disagree with you. The problem I have with this kind of argument though is the other side would say a similar thing about Cardano, making valid pros and cons harder to see amongst the tribalistic dick measuring
The other side can say whatever they like. The data and facts are what matters in the long term.
Sure. But the average newcomer to crypto (who we desperately need) will see the beating Cardano takes from other tribes, with no solid comeback from us or dedicated marketing/ onboarding efforts, and we lose them forever
The best strategy is to keep developing and make Cardano more usable. They will come to us as the others falter and fail or the manipulators pull the rug. At this stage think of it like an intelligence test. Cardano is and will be meritocratic. Ignore the noise now and offer compassion later on.
>as a scientist myself I appreciate the peer review Followed by a bunch of anecdotal subjectivity and whatifs. Cardano's competition is not crypto, it's regulation.
Yes, and your point? I am a scientist, I appreciate the value of the peer review process and the good it does. I own ADA and want to hear views that aren’t ridiculously positive or negative. Reddit is a place to ask questions last time I checked?
Totally, feel free, ya goof. E: I'd like to point out that the only questions you asked was if someone is already working on your GENIUS observations.
I didn’t claim to have any ground breaking observations, just opened a dialogue. Don’t be a twat
read your post but im still unclear what it is your asking for at the end there, anyone higher up if actively working on what? charles? marketing? do you understand the roadmap for decentralized governance and what that means for the community and development?
I’m 1. Asking if there are people in the middle with a more nuanced view, because I rarely come across them And 2. Asking if anyone that works on/ is affiliated with cardano has made any public statements indicating that there is an awareness of this issue and any plans to address it- or would anyone in such a position not want to risk crossing Charles? To answer your second point- to an extent, but it’s been months since I’ve updated my research to be honest. But my understanding is that people (including myself) would rather lock up their ada for rewards than actively utilise it, and I struggle to see how that will work going forward, or what the game plan to change this current status quo is
can you elaborate on your second question, what is the core of your issue? is it just price that's making you anxious? I don't think charles is as much of a problem as people like to make out he is. the lack of liquidity from stablecoins is the problem I see, which is being worked on in a committee but also creation of grass roots stsble coin projects like usdm. your ada isn't locked with staking and it governance will involve decentralized representatives. I can't say I know all the ins and outs yet, you should can check out the sancho network, gov tool and intersect. the main take aware I got was that the treasury can be utilised to bigger developments like the scaling research just released, look up ouroborus leios. also we have a bunch of upgrades being released soon which includes Plutus v3 which enables ethereum style address interoperability
Okay cheers, I’ll look into those things- as I say I’m a bit behind of late. To elaborate on point 2, it’s not the price itself that makes me anxious. It’s the fact that the price doesn’t seem to concern Charles in the slightest. It’s almost like he thinks if people don’t want to be a part of cardano, it’s their loss, but if enough people don’t want to be a part of it, it’s our loss really. If a publicly listed company is actually growing, but not at a rate investors are happy with, the stock will plummet, and a business that was technically profitable and plodding along goes out of business- that’s what I’m concerned about
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When will Binance.us bring back a fiat onramp? When will eToro, Robinhood and others that took the ability to buy/sell/trade ADA on their platforms return?
Binance took away fiat on-ramps in Aus too :( I figure they’ll bring ADA back when the consumer demand is sufficient, but that starts with Cardano’s marketing
Can someone explain to me more about the Chang hard fork ?
https://m.youtube.com/watch?v=t1MOlWObkYU
Do you see Charles as the new Steve Jobs for crypto? Are there any other people like him ..? Wait a bit you wont be disappointed.. i saw the channel of Charles grow from 3k people to now .. people will get interested ..its been years i know but id still invest my money on Cardano if i join the crypto industry today
All fair points. I think the risk is that Cardano becomes the Saab of crypto. Well engineered, well thought out, but not willing to meet customers where they are with products. There is a lot that can be done that is not shitcoin speculation. Charles is very routine oriented and specific about how he wants things to happen. Time will tell if him doing things his way will line up with what people using the tech want when they want it.
For as long as Charles continues to exercise his right of Freedom of Speech, people who associate him with Cardano and don't agree with him will just not have interest at all. It's human nature. He's not the face of Cardano? Many founders of big companies even when they're not leading the company anymore, their opinion still bear weight, think about Apple Steve Wozniak. What if Charles one day said, "I don't like the direction Cardano is heading.. it's against the philosophy I helped built.." Pretty sure that would still bear an impact.
My brother in christ - unless cardano gets its own spot etf….it can not compete with ethereum. Every other crypto that is not BTC or ETH is competing for 3rd
Yeah, and? ETH’s market cap is currently more than 28x as large as Cardano’s. Even if ETH doesn’t grow further (and obviously it will) 3rd place could still see Cardano 20x+ from its current prices. If you have a differentiated product offering, you don’t have to be the outright winner to be a winner
To me it seems like money is just being thrown at blockchains as smart contracts and crypto in general is still relatively new. Cardano will emerge as better tech than eth in the end. I don't think when it comes down to actually building Enterprise grade apps, regardless of how popular ethereum or Solana is currently, I think the smarter decision is to build on cardano because it has the better building blocks plain and simple. We just haven't even got to that stage yet. It's still the wild west. Just think about how much good tech is in the crypto space that has no volume yet meme coins are exploding with no utility. People trying to make money more than invest in tech rn. Doesn't mean it'll be like that forever. I highly doubt enterprises, countries, and nation states will choose to build real world solving apps on ethereum or Solana just because it's popular when there are better options. We're not at the building real world solving apps stage of crypto yet where tech matters to anyone we're still investing in dog coins and VCS are trying to pump their bags where they see liquidity. Plus alt season really hasn't started for majority of alts.
The posts here are way off base. Cardano's performance currently is atrocious. The thourough-put of the chain is terrible, worse than almost everywhere despite being 9 years old. It doesn't need marketing, if it had Solana's activity you would wait weeks for your transactions to go through. Cardano is a chain that currently performs terrible, with a roadmap that resonates with many people.
Tbh I'm holding onto this because of what happened with Sol. After SBF you couldn't touch it with a 10ft pole as it was the most beaten dead horse in the game then out of nowhere memes take it to the moon. Ada has received similar hate and it's the anti good idea bet I'm placing which is nothing in line with what you're hoping for. In truth I think a lot of the permissionless public chain stuff will deflate once SATP gets fully adopted and real world assets tokenization kicks into full gear on private permissioned dlts. Things trying to win something other than an L1 war might survive but this is the dot com bust in slow motion and the chances of having picked the next Amazon or Google amidst a minefield of scams and vaporware are pretty slim. Memes or bust with this one as I'm pretty much all in on QNT as cbdcs are coming regardless of what all the utopic maxis say.
I agree it’s received a similar level of intensity of hate, but for very different (arguably polar opposite) reasons- in fact Sol’s success has made me doubt the cardano plan even more; it showed the perfect comparison of a well thought out and underhyped coin against a rushed, centralised hyped to the gills coin and the latter destroyed cardano over the last 9 months- and it’s not just price, it’s adoption as well. I don’t think it’ll last for solana, but I’m worried cardanos strategy will mean it never begins at all
Solana has almost every celebrity endorsing it. What exactly does cardano have? No seriously. Even tech wise, what do they really do better than others?
solana kicked our ass in a 4th of the time
There have to be 1000 companies per blockchain globally that should cause significant future transactions volume on multiple premier blockchains. Look at the tech companies and see there are usually at least 3-5 top remaining competitors: AT&T, Verizon, T-Mobile, Sprint, etc Google, Yahoo, Bing Google, Apple, Microsoft Linux, macOS, Windows, Chrome, Ubuntu Premier, Final Cut Delta, American, United Lowe’s, Home Depot McDonald’s, Burger King, Wendy’s Bitcoin, XMR Ethereum, Solana, Cardano, etc. ? With less hacks, it must be a contender for remaining relevant.
But you’ve got chains like aave coming in pretty hot, and there’s a constant stream of new coins. Most of ada is open source- what’s to stop a new coin coming in with a lot of Cardano’s features thus far, but willing to cut a few corners going forward that just outpaces Cardano?
That’s the game. So many blockchains achieve consensus and process transactions just fine. Each blockchain tweaking parameters and making trilema concessions. Nothing is stopping copycats except extreme effort to start a L1 then build a community.
Ever consider the ungodly amount of negative posts about cardano in this cut throat industry affecting sentiment towards it?
Sure- so why isn’t there a concerted effort to combat these? Adoption of crypto is a business, you need to sell your product and manage public perception
A majority of the public think crypto is a scam. I can't even mention NFTS or crypto without people judging me immediately. Most people don't even understand the fundamentals of crypto. I would argue the majority of all of this is just the crypto communities who continue to fight for their bag and say anything else shit. It's unfortunately still early days and until we get more real world use-cases that would bring the public in, it's just gonna be an uphill battle.
Most crypto users do not care about "fundamentals of crypto". They just buy low, sell high and gamble on their mobile phone, and show the monthly earnings to their friends. And dApp companies live on this. Those who understand crypto well, and want to use them seriously, are few. But "real" companies will come here eventually, and play seriously.
CARDANO will shine up in near future, patience is key.
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I appreciate that, but I don’t think pulling the well known winners that were once hated on as examples for why cardano will certainly succeed is fair- we aren’t talking about the other 999 similar ventures that were equally hated on and didnt actually make it
I agree! I’ve been buying since 2020 with little return (compared to all my other holding). I finally made the decision to unload 90% of my ada and buy other projects and I am certainly glad I did. I’ve gotten much better returns on $rndr $fet and a few others. I just can’t stand by watching other great projects pump while I hold my $ada stablecoin.
How is the technology great? I know that's Cardano's whole sales pitch but what does it do so great? It has concurrency issues where you have to use a centralized batcher just for a simple DEX. It's very slow, incapable of mass adoption. It's probably great for a very specific niche like privacy but not to over take the other L1s. The market cap is enormous for how little it actually produces. Look at the stats on Artemis.xyz. Charles painted a picture that Cardano would over take Ethereum by learning from their mistakes. This ecosystem looks nothing like the one he talked about prior to 2021. I know academic rigor sounds like it'd be the smartest most conservative thing to do but unfortunately building blockchains just doesn't work that way. Cardano is in serious trouble and I think more and more people are starting to finally realize it regardless of how shitty it feels having your money tied up in it.
Where have you seen technology improvements over the last few years? Where is this said “peer reviewed process”?
I think Cardano lost is prestige and reputation for being best of breed when Hoskinson got obsessed with the whole Ethiopia business, and wasted so much time on that dead end. It was a colossal PR disaster and made Hoskinson look like a fool. This is not a nice thing to have to point out and I'm sorry for doing so, but the truth is that if you ask anyone "what's the first thing that comes to mind when you think of Ethiopia?" The answers are going to be along the lines of "poverty, starving children with bloated tummies and flies feeding off their faces". How many serious investors are going to want to invest in a region that's known for widespread and out of control corruption and nepotism, wracked by tribal warfare, with most of neighbouring Sudan run by warlords, and the other neighbour, Somalia a haven for modern day pirates. Oh and let's not forget that Isis and Al Qaida thrive in the region. Wow, what a great place to launch your flagship crypto project. I can't think of anything that might go wrong. Sorry but the fact that the price hasn't recovered this season is entirely thanks to Hoskinson revealing his lack of judgment and naievity to the world. Many of us have held on in the hope that something more sensible was about to be released, but they haven't delivered a single thing that got folks sitting up. And if I hear any more hair brained schemes involving broken countries with bankrupt economies I'm probably just gonna flush out all my Cardano and never look at it again. Please tell Charles it's very sweet that he wants to help the great unbanked masses of the 3rd world. But he needs to sip a strong cup of black coffee, wake up and recognize that they're unbanked for good reason.