Why is a “ghost-chain of vapourware run by a con-artist” gunning for the number 3 spot in crypto market cap? In this thread I will try to explain to those who haven’t been paying attention to this sleeping giant. #cardano $ADA

#cardano has been built on a bedrock of rigorous (>80% rejection rates) double-blind, peer-reviewed code with scaling, on-chain governance, speed and low cost built in at the protocol level from it’s very inception.

Rather than go to market and adapt on the fly (ethereum) it understood that to build a protocol that serves billions of users takes time. It has also been run like a fortune 500 company, not an anarcho-hippy collective like ethereum.

Aspiring Fortune 500 companies need to be run like forune 500 companies. There is a business development team. There is an engineering team. There is a non-profit foundation to foster development. There are partnerships woth world class Universities and national governments.

All of this has been happening in plain sight, but because they didn’t slap together a sub-standard eth clone with a few cosmetic differences they have been labelled a scam by those who refused to look into it in any depth.

There is an entire team dedicated to moving projects over from ethereum to cardano. There will be an ERC20 converter libe by April, allowing any ethereum dApp save millions without changing a line if code.

They can continue to code with solidity, plutus, marlowe and in the future all major programming languages.

The native tokens are not simply smart contracts built on top of the mainnet, they are part of the mainnet. This means any token has automatic access to all the peer reviewed code that underpins the scaling, governance, oracle API interface etc from day 1. “1st class citizens”.

They can focus on the actual innovation instead. Cardano also has a drag and drop code called Marlowe that requires literally zero coding knowledge but can’t approve of a code that won’t execute in the real world.

Cardano’s business model has aimed at the developing world, where banking and governance is behind the West in many regards, but not under the thumb if entrenched oligarchs.

They will happily jump straight into the blockchain world if it means more security, transparency and economic growth and there are few special interests to stop them.

Even if eth 2.0 was here today, cardano would be better from a technical standpoint. dApps would have legitimate reason to migrate, independent of gas crisis.

They hired ex NASA and DARPA engineers to design a coding language based on Haskell that is orders of magnitude more stable and secure than Solidity. They have a capped supply like bitcoin. They have as many code commits as ethereum before the mainnet is even live.

It is already the most staked crypto by percentage and value in the world, and counting (% circled in red). Stalkers can delegate from their wallet and have no lockup period. Inflation is rewarding but does not overly dilute supply. https://www.stakingrewards.com/ 

They have the most interactive crypto community. Grayscale have filed a trust. Gemini, PayPal, Coinbase have all yet to list this top 3 project. I am quite literally writing this off the top of my head. There is SO much more to discover.

It is going to actualise the lofty ambitions of bitcoin and ethereum, it will bank the unbanked and free large swathes of the world from the shackles of corruption and two tired access to financial instruments, unlocking the trillions of dollars in subdued human potential.

Rarely do you get a chance to make money investing in a company doing good. Here it is, grab it with both hands.

My favourite influencers are: @coinbureau @TheCryptoLark @elliotrades @Bitboy_Crypto @JRNYcrypto @jasonappleton I would love to hear you all do an in depth overview of the huge potential cardano has!

My ADA wallet is: addr1q8ztjn4w53nftq2nwdurddw2drr7f8dzemunsfg2un2d6gxyh982afrxjkq4xumcx66u56x8ujw69nhe8qjs4ex5m5sq65zel0

If anyone felt like it, I’m always looking to stack more ADA. Thanks for reading. This is a stream of consciousness. Apologies for any mistakes.