ADA

yeetboi_dangerous

Need some advice on where to stake my crypto I could either do it on kraken or my ledger. Would it be better to stake my btc and eth on my ledger and do my alts on kraken or just do everything on kraken? My alts include DOT ATOM and ADA

Beyonderr

I still find it pretty crazy how ADA is so far below its summer 2021 lows.

SnooperMike

ADA please pump to 1.20 by end of June. Need vacation funding. K thanks.

yeetboi_dangerous

Same I'm restructuring my portfolio and I'm satisfied with the ADA ATOM and DOT I have.

Professional_Desk933

We are liking ADA now ? I love this time of the year!

foreignGER

why are you so high on ADA? Personally, I am stacking up on coins I know would at least 2x during the next BTC halving. LTC and such is my preference while mining ETH. I will also buy more BTC from now until 2024.

flarnrules

That's actually a nice portfolio long term in my opinion, as long as you have most of your portfolio in btc and eth. Also, atom should be staked in a non custodial wallet to earn 12%+ staking rewards and also earn airdrops and ADA should be staked and DOT should be staked and MATIC should be staked it thinking long term like 10+ years. Sure some could go to zero but I mean, the upside is still there too.

aerodeck

Which of these should i sell at a loss because they will never recover? - MATIC - LINK - DOT - SOL - ATOM - ADA - AVAX - CRO All of them? I'm so fucking depressed. Why did I do this?

0xNLY

Correct, they offered their first tranche of ADA for sale in 2015.

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Shippior which won 2nd place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Cardano has been hyped a lot. Due to the extensive marketing with Charles Hoskinson at the forefront it was a major player is the latest bull run. With its hype it reached the 3rd position, behind BTC and ETH, without even having the capacbility of smart contracts. > > Smart contracts were released with the Alonzo upgrade in September 2021 and since then it has been awefully quite on the network. The eUTXO model that Cardano has revolutionised has proven to be quite the nut to crack to succesfully implement an ecosystem that is comparable to other networks like Ethererum. > > Several Dapps have been launched on Cardano and are fighting for the top spot. Currently there is about 1 billion Total Value Locked on Cardano. Compared to the 185 billion on Ethereum and 3 billion on Avalanche that is not quite as much as hoped for. DeFi is still in its infancy and due to the system that is required to pay validators to batch transactions it is quite expensive to perform transactions. Transaction fees of 2-3 ADA are not uncommon. > > Next to that the character of Charles has received some cracks. It was rumored that the front loading of Sundeaswap was performed by Charles and recently there has been quite some fuzz about wether or not Charles has earned the degrees that he claims he has. > > For Cardano to become a serious competitor to Ethereum the community has a lot of developing to do. Next to that the IOHK foundation needs to be able to drop Charles and prove that they can run the network without having to rely on his charisma. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).

CointestAdmin

#Cardano Pro-Arguments Below is an argument written by Shippior which won 3rd place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Cardano (ADA) is currently the highest valued Proof of Stake (PoS) cryptocurrency. It is unique compared to other PoS cryptos in that it employs an extended UTXO (eUXTO) model compared to the regular UXTO models of other PoS networks. In theory it would transactions of several parties to be included in a single batch and include it in a block. Thereby increasing the number of transactions that can fit in a block. However, due to the unique nature of this system it is still being discovered what the possibilities are. > > Even with a shaky start of the smart contract era in september 2021 it is still valued highly by investors. Investors can receive a return of 5,5% currently for staking Cardano. Epochs have a duration of 5 days and ADA is not locked up when staked. DeFi has been popping up over the network aswell lately with DEXs like Minswap, SundaeSwap and MuesliSwap fighting for the leading position on the market with currently almost 1 billion Total Value Locked between the 3 of these platforms. > > Next to that Cardano has a soaring NFT market. NFTs were suchs a hype on the network that it started to clog due to the large number of transactions that happened while minting said NFTs. Luckily the developers were able to tweak a couple of parameters to allow for a larger transaction throughput. [CNFT.io](https://CNFT.io) and [jpeg.store](https://jpeg.store) are the largest marketplaces for Cardano NFTs. > > To enable an even large througput they are currently working on Hydra. Hydra is supposed to be the L2 network of Cardano. However this development is, just like all things done by Cardano, slow and steady to ensure everything that they release is done properly. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.

CointestAdmin

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TrulyAuthentic123

I've been warning people for quite some time that BTC is not a good investment. I've also been warning that Proof of Work will be hated and demonized in the future. Bitcoin is one thing only, and that's a means of transaction. ETH, ADA, etc., are likewise means of transaction, but are also much more, and are therefore more worthy investments. They are also POS, instead of POW.

Ill-Woodpecker1857

I also just grabbed up more ALGO. Great buy right now. I think ADA, ONE, XLM, and XTZ may come out of this well. Hoping for CKB too.

Ill-Woodpecker1857

ADA or ALGO maybe?

SkeeterBeaver

I choose ADA and XRP

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Shippior which won 2nd place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Cardano has been hyped a lot. Due to the extensive marketing with Charles Hoskinson at the forefront it was a major player is the latest bull run. With its hype it reached the 3rd position, behind BTC and ETH, without even having the capacbility of smart contracts. > > Smart contracts were released with the Alonzo upgrade in September 2021 and since then it has been awefully quite on the network. The eUTXO model that Cardano has revolutionised has proven to be quite the nut to crack to succesfully implement an ecosystem that is comparable to other networks like Ethererum. > > Several Dapps have been launched on Cardano and are fighting for the top spot. Currently there is about 1 billion Total Value Locked on Cardano. Compared to the 185 billion on Ethereum and 3 billion on Avalanche that is not quite as much as hoped for. DeFi is still in its infancy and due to the system that is required to pay validators to batch transactions it is quite expensive to perform transactions. Transaction fees of 2-3 ADA are not uncommon. > > Next to that the character of Charles has received some cracks. It was rumored that the front loading of Sundeaswap was performed by Charles and recently there has been quite some fuzz about wether or not Charles has earned the degrees that he claims he has. > > For Cardano to become a serious competitor to Ethereum the community has a lot of developing to do. Next to that the IOHK foundation needs to be able to drop Charles and prove that they can run the network without having to rely on his charisma. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).

CointestAdmin

#Cardano Pro-Arguments Below is an argument written by Shippior which won 3rd place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Cardano (ADA) is currently the highest valued Proof of Stake (PoS) cryptocurrency. It is unique compared to other PoS cryptos in that it employs an extended UTXO (eUXTO) model compared to the regular UXTO models of other PoS networks. In theory it would transactions of several parties to be included in a single batch and include it in a block. Thereby increasing the number of transactions that can fit in a block. However, due to the unique nature of this system it is still being discovered what the possibilities are. > > Even with a shaky start of the smart contract era in september 2021 it is still valued highly by investors. Investors can receive a return of 5,5% currently for staking Cardano. Epochs have a duration of 5 days and ADA is not locked up when staked. DeFi has been popping up over the network aswell lately with DEXs like Minswap, SundaeSwap and MuesliSwap fighting for the leading position on the market with currently almost 1 billion Total Value Locked between the 3 of these platforms. > > Next to that Cardano has a soaring NFT market. NFTs were suchs a hype on the network that it started to clog due to the large number of transactions that happened while minting said NFTs. Luckily the developers were able to tweak a couple of parameters to allow for a larger transaction throughput. [CNFT.io](https://CNFT.io) and [jpeg.store](https://jpeg.store) are the largest marketplaces for Cardano NFTs. > > To enable an even large througput they are currently working on Hydra. Hydra is supposed to be the L2 network of Cardano. However this development is, just like all things done by Cardano, slow and steady to ensure everything that they release is done properly. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.

CointestAdmin

Cardano {{pros}} & {{cons}} and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Top Coins category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit an ADA pro-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/). | To submit an ADA con-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/).

throwaway300650

ADA at $3 lol. A small fries from McDonald's is more likely to hit $3 first.

kakkesugi

I have so much fun calculating how much money I could make from dropping 25K in ADA at a potential .20-.50 market cycle bottom and it recovering back to a $3 ATH 😭 it really gets me all giddy inside

Observer414

Why’d you lose faith in ADA?

7101334

I don't invest in new coins really, I've lost money on ADA/LINK/ATOM/ALGO even before the recent crash. Even though I still believe in all of those except ADA. BTC/ETH/XMR for me

Megahert

Most likey all those are safe. I'm betting on BTC/ETH/ADA/CRO/LINK.

Megahert

I'd go 50/40/10 BTC/ETH/ADA.

sigmanaut_

I'd advise against using coinmarketcap - their numbers are wrong for various projects. coingecko is much better. Ergo is ~240 (after climbing to ~110 before BTC/ADA started bleeding)

afischer83

We are still hodl! ADA gang!

Heclalava

This is something ADA handle is doing on Cardano. So baby steps in this direction are happening. Nano is also doing the same.

LiamGTR

Lol at SOL and ADA

ArtyHobo

BTC ALGO ADA HBAR will prob survive, not much else.

IncognitoCumShot

I’ve begun to DCA into crypto, now seems like quite a good time to start. 40%/20%/20%/20% BTC/ETH/SOL/ADA Does that look solid? Any recommendations?

mpbaker12

Honest question: I’ve been out of the loop for the past 4 or 5 months due to work and life. What are your top 5 cryptos (conviction for future growth/survival) right now? I’m holding VET, ADA, XRP, MATIC, CRO, and a small amount of BTC and ETH. Thank you.

theTalkingMartlet

Think of it more of a chain upgrade. New features and improvements come to Cardano with each HFC (Hardfork Combinator) event. Nothing you need to do to prepare if you’re holding ADA.

theTalkingMartlet

No, nothing you need to do. (Except maybe get your ADA off the exchange and stake it in your own wallet! But that is a separate matter from the hardfork event)

chedebarna

You don't know what you're talking about, it's clear. Cardano's ADA can be staked for a guaranteed yield. So can Polkadot's DOT, and many others. BTC just doesn't because that's not what it does. BTC's value is in being the incentive miners receive in exchange for the computing power it takes them to secure the network.

DBRiMatt

48%. At this point im used to ADA and ETH having delays. But thats okay, waiting for Blizzard games trained me for this.

I_Don-t_Care

This crypto influencer mentality shouldn't be encouraged, there are people who speak and are uninformed, but there are people who are willingly spreading misinformation at times, so please do not incite people to 'get ni early' as no one has a crystal ball - as much as I like ADA I cannot see other than a risky investment - the tech is not there yet, nor are the projects promised, we are getting constant updates and forks which are nice but ultimately only place the coin on its path, mY not exactly be the right one

Oneloff

Okay, I get all of that. But what about the tech, blockchain that ADA is build on?! Any idea of that and problem it has that makes it a piece of shit?! Because I get that people said he lied about his limping, and or lying about creating something don’t even remember what that was. That he was an ass to other devs during his time on ETH. Over promising and underdeliver sucks, most definitely. BUT what it comes down to is the tech/bloackchain. If the blockchain is solid why wouldn’t I give it a try/chance?! So if you can give me a reason why the ADA BLOCKCHAIN is a piece of shit I’ll be more than happy to sell my bags and reinvest somewhere else.

skonezilla

When will their be auto compound staking for ADA?

Level_Nonbottom

ADA stable at 0.5$ during crypto winter isn't that bad

pandoira

Most mentioned cryptocurrencies on r/CryptoCurrency (last 24h): 1. BTC mentions: 633 2. ETH mentions: 386 3. LUNA mentions: 141 4. UST mentions: 137 5. ADA mentions: 104 Source: https://apewisdom.io/CryptoCurrency/

educatemybrain

ROFL do you actually believe what you just wrote? This is the biggest wad of BS I've seen and I've seen a lot of brainwashed ADA fans. UTXO is the dumbest design for a smart contract chain. If you haven't figured that out yet when it's 101 level knowledge you've going to struggle figuring out anything else.

solemnJoker

Cardano is resilient because Charles is a great video blogger and social media influencer. He is responsible for keeping a stream of crypto noobs buying ADA.

MarcusZena

I used to believe them, really consistent updates. BUT, we did a contract for them and after we delivered everything their employee refused to pay, and after multiple emails and calls they paid 20% of what was stated in the contract. Instantly sold all of my ADA

jakekick1999

It would be a bit helpful if Hoskinson can keep the expectations a bit tempered. He hypes things up and ends up in controversy. But apart from that, ADA has shown real progress. The timeline of updates and hard forks look A+

CointestAdmin

#Cardano Pro-Arguments Below is an argument written by madpanda94 which won 3rd place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > My analysis comes from a post from 1 month ago written by me [https://www.reddit.com/r/CryptoCurrency/comments/phcnks/knowyourcrypto\_3\_september\_3\_2021\_cardano\_ada/](https://www.reddit.com/r/CryptoCurrency/comments/phcnks/knowyourcrypto_3_september_3_2021_cardano_ada/) > > # What is it? > > Cardano was born in September 2017 and is a decentralized public blockchain, from which the ADA token is issued. The project involves the development of smart contract platforms and aims to compete with Ethereum by allowing faster transactions than Vitalik Buterin's creature. Ethereum is fundamental in the Cardano project as the CEO of the company that created it, is none other than Charles Hoskinson, co-founder of Ethereum. Cardano uses the proof of stake method, which allows you not to need miners, as happens for example with Bitcoin, which uses the proof of work method. Cardano is therefore environmentally friendly as it does not require electricity for its use, a problem that is emerging with cryptocurrencies that have adopted the other method (PoW). For example, it is estimated that Bitcoin network needs more energy than Argentina. In order to understand the idea behind Cardano, we must take into consideration the vision of Charles Hoskinson, according to which the blockchain has gone through three evolutionary stages. > > > * The first generation blockchain is the one related to bitcoin and monetary transfers, which responds to a fundamental need: to create new forms of monetary transfer without intermediaries. The problem associated with this first generation of blockchain is that it is a technology limited only to monetary transactions, with no possibility of adding conditions to the execution of transactions unless particularly complex codes are added. > > * The second generation of blockchains is that of Ethereum and smart conctracts, which allow you to exchange money, properties, shares in a transparent way and without intermediaries. However, a solution that can be perfected, given the governance problems that have occurred over time and that have, for example, culminated in the separation between Ethereum and Ethereum Classic. > > * The third generation is that of Cardano. For the development of this solution Hoskinson took the best of the two previous generations. > > > # How does it work? > > As you can imagine, Cardano is an important project, the development began in 2014 and has not finished yet. The substantive elements, however, are already well defined. The Cardano protocol works on two distinct layers: on the first, the so-called Cardano Settlement Layer (CSL), you can find all the information on transactions, a bit like with Bitcoin (how much, emissary, receiver, time of transfer), and it is always on this level that the tokens of the platform, ADA, are transferred; the second level, the Cardano Control Layer (CCL) manages the account data, therefore the information of smart contracts, such as digital identities. The separation of the two layers has the double advantage of allowing updates to be made separately and in a targeted manner and increasing security, since the compromise of one layer does not affect the second as well. > > > # Where to store it? > > The best hot wallets are native Cardano wallets Daedalus and Yoroi, but if you need security over easy-to-use, I suggest to use a hardware wallet like Ledger or Trezor. > > > # Pros&Cons > > \*DISCLAIMER\* These lists are subjective, it depends from person to person > > > **Pros** > > > 1. It does not intend to speculate on cryptocurrencies, but rather to engage in the advancement of blockchain technology > > 2. It solves a number of problems with popular blockchain platforms, such as Ethereum and Bitcoin, by implementing a type of network that doesn't require much energy > > 3. It is supported by academic and technological research, so there is a strong and trustworthy community around it > > 4. Cardano's blockchain technology is evolving in slow but safe steps from a speculative currency to a true digital platform, which can be used to build distributed and scalable applications > > **Cons** > > 5. At the time of writing, the technology is still in a relatively early stage and is not intended for production. Whether or not it will be able to deliver on his promises remains to be seen ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz46rz/rcc_cointest_top_10_cardano_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.

CointestAdmin

Cardano {{pros}} & {{cons}} and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Top Coins category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit an ADA pro-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/). | To submit an ADA con-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/).

JustDrix

Everything is down because of terra lol ADA's price off ath is irrelevant. If that's what was making your head itch. :P

_Lung

I’d say Cardano’s greatest strength is the decentralization of its network/number of validators. IMO UTXO seems to be what makes Cardano fail as a smart contract platform. Charles should have stuck to his original marketing of ADA as a better BTC. ADA is much more suited for simple value transfer because of its use of UTxO. Too bad the cult leader Charles is an obvious snake oil salesman or I might have had some hope for what Cardano could become

DadaDoDat

You're holding ETH and ADA?? You traitor!!!

evoxyseah

Interesting months ahead. This subreddit attacks ADA less nowadays as the moonbois are gone/rekted.

sofitamatugr

I sold all of my ADA for ETH to extend my position on the coin, and it is all staked on  FWT platform for some cool passive income. Where do you stake yours and what's the APY?

guccidaglacier

ADA = vaporware

ImFranny

Some important calendar dates: - May 31st - THORChain (RUNE) mainnet release - June 30th - Cosmos (ATOM) Rho Upgrade - June 30th (or earlier) - Cardano (ADA) Vasil Hardfork - July 19th - Ethereum's Community Conference (the largest annual European Ethereum technology and community-focused event) - July 31st or earlier, 2022 - THORChain (RUNE) Planned Obsolescence: The dev team is going to consume the treasury and sell their remaining coins.

CardanoCrusader

True. ETH doesn't actually have PoS, so ETH is not competitive compared to ADA. ETH is slash-and-burn staking with coin lock. ADA doesn't engage in any of that nonsense, so ETH is not competitive with ADA there either. ETH uses a global accounting model, which is 1980s technology, while ADA uses eUTXO, which is Bitcoin-based technology, so ETH is not competitive there either. ADA is at least twice as fast as ETH, so ETH isn't competitive there. ADA has never required a hard fork or rollback, while ETH has done both, so not competitive there. ADA has established MOUs with national governments, which ETH has never managed, so not competitive there either. Yep, the two coins are certainly not competitive with one another. ETH can't keep up. It's a sad story, really.

Xenorpg

Most of the people that bought the top of the 100x run ADA did from the 2018 bottom to the 2021 top have since lost a ton of money chasing green candles and have left Crypto for good (or until next cycle). The few diehards that remain are broken-hearted bitter haters that will stick around for another 5 or so months before also leaving after losing even more in this bear market.

Bingopajama222

I think ADA has a potential of doing that. So as Solana. FLD will be in number 20 soon as well. So glad to find out about Fluid in its early stages. Such a project well needed in the space imho. Can't wait until the TGE. Polygon adoption was a good call, as well. WAGMI

Vonsoo

Could you provide a link to some ADA overview? I'm interested how can we prevent a whale from pretending to be multiple tunas. You can't run multiple nodes on a single PC? One node per source IP or something (but then what about nodes hosted inside Google or Amazon - many behind single public IP). My understanding from ETH is that someone with 320 ETH can easily run 10 nodes on a single PC (it would require expensive CPU and multiple 2TB SSDs, but these are still peanuts if you have 320 ETH).

Mundane_Eagle4220

Tezos, ZCash, PivX, PPC, ETH, ADA, ... and do your research bro

SnooDonkeys2427

Give me a real world use case for ADA

poopymcpoppy12

ADA is not competitive to ETH in any way. Get out of ADA and just go into ETH.

cosmic-comedy

Well, except ETH has the network usage to show than ADA.

SnooDonkeys2427

I’ve only ever seen them answered in favor of ALGO. It sounds like you are a fan of ADA, so you don’t even need to explain it to me, if you’ve got a solid link you can toss my way lmk I’m just tryna pick the winners that will be around for decades

ExtensionNoise9000

Yes, but they don’t always create the mechanism behind it. The guy at the factory who assembles the car, or casts the steel isn’t the guy who designed the motor or aerodynamic. As an ADA holder you should know how this works. The guys who write the papers and do the theoretical work aren’t the guys who write the code.

R4ID

>Doesn’t change anything I said. clearly it does...lol >They released all these coins into their own wallet/wallets when it went live and control releasing them into circulation. token existed before the company, so I have to ask, who is "they" in your scenario? >Difference between circulating and total supply. its a 100% premine, there is no difference. >So even 8/9 years later they still hold 50% of unreleased total coin supply in their own wallet. They are released, again 100% premine. token exsisted before the company.... would you count Vitalik or Lubins ETH as unreleased? how about Hoskinsens ADA? or Satoshis BTC? at least with XRP and Ripple we know how much they actually hold. They've been on the ledger, live in a wallet since creation. to highlight your incorrect logic, if I escrow some BTC does it magically make it no longer in circulation? how about ADA or ETH? the answer is no because what a 3rd party chooses to do with their coins doesnt matter.

gderhegh

Yes, the amount of money i put into the ADA now feels like the free money.

SA_Ichi

If you wanted to go 100 % against the grain in this sub, you’d rn be balls deep in LUNA, VET and ADA

SnooDonkeys2427

All I want is an argument on how fundamentally, ADA is not overvalued at 22B when comparing it’s tech to ALGO at a 5B market cap If I offended you, my bad. I just want an answer

SnooDonkeys2427

Solana and ALGO actually have use cases though. ADA is an overvalued flop on every metric

SnooDonkeys2427

That’s absolute cope. No VC money means the whales don’t see it as a potential winner to own stake of Give me an argument on how (ADA) with no VC money makes sense at a 22B market cap while ALGO (1.5B VC money) is sitting at 5B market cap

yeetboi_dangerous

So how much ADA should I have for this

asWorldsCollide2ptOh

As a ADA bag holder I had scratch my head this.

d_d0g

I don’t even know how to respond to you because you just opened up an assortment of arguments about things I never even said in this post. I responded to this comment saying I HODL Tezos and you say I’m trying to prove ADA will be the only ETH killer? Huh…

nick83487

In some aspects, the energy consumption of BTC improves the security of the network but it can pose a problem as well. I believe BTC energy consumption has started to focus more towards renewable sources which I hope continues, but I'm also bullish on greener coins like ADA and ALGO.

Ryuzakku

Had to get some buys in today before the long weekend. Bought a little MATIC, a little more ADA, a larger amount of ETH and a smidge of throwing money on a fire.

RandoStonian

Check out Ergo on /r/ergonauts It's a biggest 'thing' is there's no pre-mined coins, and it's the PoW version of ADA's POS system. There's some neat white papers you can find about how the PoW and PoS systems of ERG and ADA can tie together for a security system called 'minotaur' IIRC. It's also at something like 1/8 of it's ATH.

neon_noodle_neighbor

Sucks that US based ADA holders weren’t able to get in on this

CointestAdmin

#Cardano Pro-Arguments Below is an argument written by madpanda94 which won 3rd place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > My analysis comes from a post from 1 month ago written by me [https://www.reddit.com/r/CryptoCurrency/comments/phcnks/knowyourcrypto\_3\_september\_3\_2021\_cardano\_ada/](https://www.reddit.com/r/CryptoCurrency/comments/phcnks/knowyourcrypto_3_september_3_2021_cardano_ada/) > > # What is it? > > Cardano was born in September 2017 and is a decentralized public blockchain, from which the ADA token is issued. The project involves the development of smart contract platforms and aims to compete with Ethereum by allowing faster transactions than Vitalik Buterin's creature. Ethereum is fundamental in the Cardano project as the CEO of the company that created it, is none other than Charles Hoskinson, co-founder of Ethereum. Cardano uses the proof of stake method, which allows you not to need miners, as happens for example with Bitcoin, which uses the proof of work method. Cardano is therefore environmentally friendly as it does not require electricity for its use, a problem that is emerging with cryptocurrencies that have adopted the other method (PoW). For example, it is estimated that Bitcoin network needs more energy than Argentina. In order to understand the idea behind Cardano, we must take into consideration the vision of Charles Hoskinson, according to which the blockchain has gone through three evolutionary stages. > > > * The first generation blockchain is the one related to bitcoin and monetary transfers, which responds to a fundamental need: to create new forms of monetary transfer without intermediaries. The problem associated with this first generation of blockchain is that it is a technology limited only to monetary transactions, with no possibility of adding conditions to the execution of transactions unless particularly complex codes are added. > > * The second generation of blockchains is that of Ethereum and smart conctracts, which allow you to exchange money, properties, shares in a transparent way and without intermediaries. However, a solution that can be perfected, given the governance problems that have occurred over time and that have, for example, culminated in the separation between Ethereum and Ethereum Classic. > > * The third generation is that of Cardano. For the development of this solution Hoskinson took the best of the two previous generations. > > > # How does it work? > > As you can imagine, Cardano is an important project, the development began in 2014 and has not finished yet. The substantive elements, however, are already well defined. The Cardano protocol works on two distinct layers: on the first, the so-called Cardano Settlement Layer (CSL), you can find all the information on transactions, a bit like with Bitcoin (how much, emissary, receiver, time of transfer), and it is always on this level that the tokens of the platform, ADA, are transferred; the second level, the Cardano Control Layer (CCL) manages the account data, therefore the information of smart contracts, such as digital identities. The separation of the two layers has the double advantage of allowing updates to be made separately and in a targeted manner and increasing security, since the compromise of one layer does not affect the second as well. > > > # Where to store it? > > The best hot wallets are native Cardano wallets Daedalus and Yoroi, but if you need security over easy-to-use, I suggest to use a hardware wallet like Ledger or Trezor. > > > # Pros&Cons > > \*DISCLAIMER\* These lists are subjective, it depends from person to person > > > **Pros** > > > 1. It does not intend to speculate on cryptocurrencies, but rather to engage in the advancement of blockchain technology > > 2. It solves a number of problems with popular blockchain platforms, such as Ethereum and Bitcoin, by implementing a type of network that doesn't require much energy > > 3. It is supported by academic and technological research, so there is a strong and trustworthy community around it > > 4. Cardano's blockchain technology is evolving in slow but safe steps from a speculative currency to a true digital platform, which can be used to build distributed and scalable applications > > **Cons** > > 5. At the time of writing, the technology is still in a relatively early stage and is not intended for production. Whether or not it will be able to deliver on his promises remains to be seen ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz46rz/rcc_cointest_top_10_cardano_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.

CointestAdmin

Cardano {{pros}} & {{cons}} and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Top Coins category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit an ADA pro-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/). | To submit an ADA con-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/).

velvia695

Took them years to list ADA. Listed SHIB in like a week.