TxAG#2011 said:

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****. We are in a bear market aren't we?

I should have sold everything when people started posting how crap like cardano would never go down again. FML

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Accumulate more

Man your act is tired dog, so what ypu are miserable about your holdings, we can have a discussion but you just trying to draw someone into an argument by continuing to act as if you actually know anything and **** talking others holdings. " crap like cardano" get the **** outta here with your negative bs, I'm starting think you dont hold **** you just posting to post. Yeah it's a bear market who gives a ****

Edit: it's cool if people dont like cardano, this isnt about that, differing opinions keep this place from becoming an echo chamber or a sub reddit. Im specifically calling him out on his subtle jab because he is still upset about how an argument he had with another poster went even though it was like 2 weeks ago. It was a bull**** move.

TxAG#2011 said:

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aggiengeorgia10 said:

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Man your act is tired dog, so what ypu are miserable about your holdings, we can have a discussion but you just trying to draw someone into an argument by continuing to act as if you actually know anything and **** talking others holdings. " crap like cardano" get the **** outta here with your negative bs, I'm starting think you dont hold **** you just posting to post. Yeah it's a bear market who gives a ****

Edit: it's cool if people dont like cardano, this isnt about that, differing opinions keep this place from becoming an echo chamber or a sub reddit. Im specifically calling him out on his subtle jab because he is still upset about how an argument he had with another poster went even though it was like 2 weeks ago. It was a bull**** move.

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Cardano is crap. If your are this emotional over it, you are over invested. Sorry

And given I bought most of my Eth and Link at $250 and $5 I am not too upset, even though I'm down well over 6 figgys at this point.

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You're down 6 figures and telling people which cryptos are good and bad?

I'm UP 6 figures and I don't do that.

You didnt understand my point at all. You were saying crap just to start an argument and not a productive conversation because your feelings got hurt. I'm still in the green so I dont really care what you think about any of my holdings but I suspect you talk **** and dont hold any crypto at all.

The dichotomy of opinion on this board, especially as it relates to Cardano, is interesting to me. Full disclosure, I'm pretty heavily invested in Cardano (probly about 60/20/20 ADA/ETH/BTC at the moment). But I'm also open to re-allocating that (potentially drastically) if presented with good reasons.

What's frustrating to me is people on here who are clearly cyrpto-intelligent loosely calling ADA dogshyt and without backing up their claim in a compelling way. I have zero interest in being an ADA cheerleader and if there's information I'm missing, I want to know so I can make better decisions.

Administrative Errors could obviously run circles around me with his general crypto knowledge. So when he calls ADA dogshyt, I'm going to pay attention. But when I asked about it on another thread, his response was basically:

1) Charles is a fraud
2) <Insert hyperbole about his dumb students asking him about the alt coin of the day>
3) If you don't fully understand BTC, you shouldn't attempt to understand its underlings

With regard to #1, perhaps that's true. I know there's alot of people who knew Charles in his "Ethereum days" and he was a bit of a hot head. I don't know if he's the whimsical "Steve Jobs" character that he comes across as today, but he also seems to have a compelling vision for how worldwide defi should ultimately work and believes in what he's saying. I've invested a bit of time digesting his case and don't have many major qualms with it (outside of the practicality of execution, which I'm not in a great position to judge). But it's also not impossible that he's among the greatest scam artists of our generation.

Obviously #2 was a bit insulting.

With regard to #3, I've tried to take that to heart. I'm no crypto technical wizard and most of my analysis occurs at the level of macro themes. I believe in crypto long term if for no other reason than it's better than the fiat alternative and it will ultimately win so long as freedom ultimately wins. But obviously Administrative Errors understands it at a granular level that I'm in no position to debate. So I'm forced to put some serious stock into what he's saying.

And from AE's perspective, I kind of get it. He's been in the space for probly a decade and has seen tons of alts come and go. Tons of narratives come and go. Tons of "salesmen" like Charles come and go. Bitcoin (and kind of Ethereum) are the two that have stood the test of time and that will likely continue. The question is whether Cardano's "improvements" on Ethereum, if executed properly, can earn a spot in that echelon. Using history as a judge, the odds of that probably aren't great.

In the meantime, I've tried to put together my own case against Cardano and it looks like this:

Can IOHK execute the Cardano platform consistently with what they've prognosticated and generate a market sizeable enough to compete with Ethereum? We'll see. But I also don't put too much stock in the "they don't have a product yet" argument. Lots of investment occurs in spaces that are not yet complete and most ADA investors would admit that there's a bit of betting on the come here. The smart contract checkpoint in the next couple months will give us a preliminary indication IMO.

Even if IOHK is able to execute Cardano sufficiently, what does that actually mean for the ADA token? Per the Michael Saylor model, it will almost certainly never overtake BTC as the global store of value and the digital money generated by central banks will almost certainly rule the transactional space. If ADA tokens are essentially limited to use in ADA apps, how valuable will they actually be? I honestly don't know.

Can Cardano overcome the huge network effect lead that Ethereum currently holds? If it truly is better than Ethereum in the long term, it should ultimately win out even if it takes many years. But Ethereum is working hard to negate any advantages that Cardano currently holds.

Just my 2 cents.

I will never understand why I get crapped on here for posting about a token with real benefits and strong fundamentals (LITH) and accused of pump and dump, but then we talk about doge, a coin based on a meme created as a joke with no fundamentals and 130B tokens and growing that has developed a huge market cap but continues to slide.....this is why alt coins make no real sense to me in a lot of ways.

I definitely relate to a few points you said.

First, I have no way of knowing how to verify the claims it's crap and don't work, nor can it work but these are my general experiences/thoughts:

From watching less than two short videos of Charles, it's clear he's going for a jobs-esque style that feels manufactured.

A lot of people with a large following on the crypto-twittersphere all dump on ADA. One interviewer (founder of snx) went as far as to say that btc will have smart contracts before ADA (lol)

Lastly, one piece of advice Peter Lynch gave was to never chase after "the next X" the next amzn, aapl, etc. That advice alone keeps me away from ADA.

I think the hopium can give great trading opps but it's not something I have time to do.

I suggest you watch more videos and dig deeper into the past. If he is manufacturing this persona then he began long before establishing IOHK. Is it possible, yes, but unlikely it is manufactured. Imo, it is determination, intelligence, and arrogance, that make him exactly how he appears.

This entire space is and has been chasing the next big thing. It is still in its Infancy and even BTC and ETH were unknown gambles just a few years ago. It is the chase powered by due diligence and instincts that can lead to financial freedom.

Nobody knew or could predict an online book selling site would become a global power. Nobody could predict that the Winklevii would inadvertently water a seed that grew into a massive orchard for someone else.

We do the best we can with the information we have and hope for the best, and then accept the consequences good or bad.

Deluxe said:

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The dichotomy of opinion on this board, especially as it relates to Cardano, is interesting to me. Full disclosure, I'm pretty heavily invested in Cardano (probly about 60/20/20 ADA/ETH/BTC at the moment). But I'm also open to re-allocating that (potentially drastically) if presented with good reasons.

What's frustrating to me is people on here who are clearly cyrpto-intelligent loosely calling ADA dogshyt and without backing up their claim in a compelling way. I have zero interest in being an ADA cheerleader and if there's information I'm missing, I want to know so I can make better decisions.

Administrative Errors could obviously run circles around me with his general crypto knowledge. So when he calls ADA dogshyt, I'm going to pay attention. But when I asked about it on another thread, his response was basically:

1) Charles is a fraud
2) <Insert hyperbole about his dumb students asking him about the alt coin of the day>
3) If you don't fully understand BTC, you shouldn't attempt to understand its underlings

With regard to #1, perhaps that's true. I know there's alot of people who knew Charles in his "Ethereum days" and he was a bit of a hot head. I don't know if he's the whimsical "Steve Jobs" character that he comes across as today, but he also seems to have a compelling vision for how worldwide defi should ultimately work and believes in what he's saying. I've invested a bit of time digesting his case and don't have many major qualms with it (outside of the practicality of execution, which I'm not in a great position to judge). But it's also not impossible that he's among the greatest scam artists of our generation.

Obviously #2 was a bit insulting.

With regard to #3, I've tried to take that to heart. I'm no crypto technical wizard and most of my analysis occurs at the level of macro themes. I believe in crypto long term if for no other reason than it's better than the fiat alternative and it will ultimately win so long as freedom ultimately wins. But obviously Administrative Errors understands it at a granular level that I'm in no position to debate. So I'm forced to put some serious stock into what he's saying.

And from AE's perspective, I kind of get it. He's been in the space for probly a decade and has seen tons of alts come and go. Tons of narratives come and go. Tons of "salesmen" like Charles come and go. Bitcoin (and kind of Ethereum) are the two that have stood the test of time and that will likely continue. The question is whether Cardano's "improvements" on Ethereum, if executed properly, can earn a spot in that echelon. Using history as a judge, the odds of that probably aren't great.

In the meantime, I've tried to put together my own case against Cardano and it looks like this:

Can IOHK execute the Cardano platform consistently with what they've prognosticated and generate a market sizeable enough to compete with Ethereum? We'll see. But I also don't put too much stock in the "they don't have a product yet" argument. Lots of investment occurs in spaces that are not yet complete and most ADA investors would admit that there's a bit of betting on the come here. The smart contract checkpoint in the next couple months will give us a preliminary indication IMO.

Even if IOHK is able to execute Cardano sufficiently, what does that actually mean for the ADA token? Per the Michael Saylor model, it will almost certainly never overtake BTC as the global store of value and the digital money generated by central banks will almost certainly rule the transactional space. If ADA tokens are essentially limited to use in ADA apps, how valuable will they actually be? I honestly don't know.

Can Cardano overcome the huge network effect lead that Ethereum currently holds? If it truly is better than Ethereum in the long term, it should ultimately win out even if it takes many years. But Ethereum is working hard to negate any advantages that Cardano currently holds.

Just my 2 cents.

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Excellent!

I apologize for my brusque attitude, it's never served me well but I'm impossible to deal with on the internet/texting for any number of personal/mental flaws.

I would challenge you to find out what can't be accomplished on a bitcoin layer2/3/4 that eth or ada [or any others] are attempting [ATTEMPTING] to accomplish.


I'm absolutely fallible, and take what I say with a grain of salt like anyone else, followup and jab relevant research right back at me. I deserve to be challenged for what I think is accurate, just like any other shill.

Ethereum is still broken. There's a reason that there was A HUUUUUGE developer/ miner/user fight in 14/17 that resulted in the forking of multiple bitcoin blockchains with different use cases. [Segwit/etc]. Should we engorge the blockchain so heavily that it's impossible for people to run nodes with simple systems or keep the blocksizes small[btc?]


I remember posting on politics about the segwit fight and the lack of engagement was so sad, to me, as it was/is one of the more important debates of my lifetime, imo.

Everything cardano and eth claim they can or will do is being done or can be built on btc layer 2 or via taproot or other solutions like lightning/rsk/etc.

Edit: most of you aren't able to enjoy the path I found, that bitcoin existed [and the only one at the time] and the lack of other opportunities for 3-5 years kept the nose to grindstone on that specific chain. When the market started blowing up like crazy I too was seeking to 10x my investment with every new coin out there, it was crazy, but utterly useless. If I had continued to focus on bitcoin specifically and grow my knowledge/experience with that one blockchain... well it's the best advice I can give now. Focus on bitcoin and bitcoin blockchain and bitcoins base/2/3 layers instead of filandering your time away with the latest version of "PonziCoin" [real coin, hilarious read about it].

I'm also guilty of being exceptionally bitter about a number of mistakes, like keeping 1000 eth on an exchange that failed and selling the rest of my eth/btc on 17 for a hemp farm. I'm a curmudgeon.

I hate people trying trying make money on money, instead of productively.