ADA

Elegant_Hyena2925

$10 ADA it has been written 🙌

Baecchus

Seeing anything related to ADA makes me snooze thanks to Hoskinson

Nightmare_Tonic

ADA will always be my favorite stablecoin

Despaciito

Lol are you serious. Everyone hates ADA around here. Dont know why thou. I love my ADA

jwz9904

ADA sucks, now reverse it!

Chronmagnum55

I'd say it's a stretch to say this sub is positive about ADA. You have a few people still shilling, but overall, the majority is shitting on it.

MyKingdomForADram

There is still a lot of positive sentiment here for ADA so…I wouldn’t exactly be trusting this sub’s opinions.

jwz9904

welcome back XRP and ADA shill!

PirateSKB

>XRP and ADA are going to flip BTC and ETH But on what timeframe and why would they? >And most of all ERGO will moon to $150 Why would it suddenly moon to $150 while being down more than 95% from ATH? Also more importantly, how heavy are your bags? lol

PirateSKB

>XRP and ADA are going to flip BTC and ETH But on what timeframe and why would they? >And most of all ERGO will moon to $150 Why would it suddenly moon to $150 while being down more than 95% from ATH?

Capital-Physics4042

XRP and ADA is going to flip BTC and ETH. The insiders know this, and I'm sharing with you. Look at the pattern of price trajectory. I stand by my mathematical model XRP $10 and ADA $35 price forecast this bull run

Outsider4Life9

I used to have all these LOL Still holding on to my ADA though

biba8163

Mark this comment! - ADA BTC high was 0.00007382 on January 2018. If it kept up with BTC, the price would be $4.77. ADA is down -92% to BTC - $10,000 worth of ADA from January 20118 today is worth ~$3,800. ADA is down -68% to USD - The conservative government CPI inflation calculator says $10,000 from 2018 is now $12,675. ADA is down -70% to USD adjusted for inflation - ADA is down -70% since the Mary hard fork - ADA is down -86% since the Alonzo hard fork

reversenotation

I get it, you have big ADA bags and you feel your beliefs will in some strange way manifest it to actually happen.

OderWieOderWatJunge

>By the end of August or beginning of September ADA will be at 1 dollar.. Huge exchange news besides the chang hard fork being officially ready by the first two weeks of August.. Mark this comment! Nope, u/MirageInc . I think you will probably delete your comment instead, so I saved it!

MirageInc

By the end of August or beginning of September ADA will be at 1 dollar.. Huge exchange news besides the chang hard fork being officially ready by the first two weeks of August.. Mark this comment!

Particular_Door_9573

Every data is on chain but it's "fake". you should invest in ADA, HBAR or Algo. They claim 1 millions TPS, and for sure they're not "faking" volume with 2 millions daily.

RariCalamari

RemindMe! 1 year RemindMe! 2 years I need to come back and laugh at this prediction lol.ADA will never even get close to $35 bro It did a 3.5x between the last 2 cycle peaks. What on earth makes you think that can accelerate and it does a 10x from 2021 peak? No coin has ever done that, and never will. Ada at $5, probably. $35 is just a complete joke to anyone with half a braincell (and $10 XRP too)

BrilliantEffective21

XRP and ADA are trash.  Listen to news and watch numbers. False narratives and sh* performance of both coins. Very genius marketing and pathetic technology and project advancements. All the retail backers are just pumping for a massive and very skilled XRP team manipulation of numbers, to strip people of realistic gains. Look at the tokenomics of performance in the last five years, it’s utterly trash. 

Chronmagnum55

Doge is the original meme coin, so it probably will always stick around. SOL is currently the place where everyone is making shit coins this run. It should continue to do well during this run just based on that alone. ADA is not looking very strong right now and doesn't appear like it'll have a big run up.

Objective_Digit

> Just two block producers create over 51% of blocks, about a dozen do ~90% of blocks. This is not good, because if there is any collaboration or coercion behind the scenes it would be very easy to attack. Please spare me the "miners can move", "there is no incentive", "nodes control consensus" arguments, they are not relevant to this risk. > Furthermore the protocol allows these block producers to hold all rewards, this allows them to manipulate miners, we have even seen the block producers with "liquidity issues", so we must accept the Cantillon Effect is at play here. > In terms of miners, it's now largely an industrial process if you want to make money. Technical capabilities, high upfront investment and need for cheap energy set a high barrier to entry for ordinary people. This old chestnut. Andreas Antonopoulos was telling us even 10 years ago that this was only theoretical at that stage. If it hasn't been attacked in the first 15 years it never will be. And yeah there is no incentive. At most they'd achieve one double spend. They'd lose money and be blacklisted. Bitcoin would recover and prevail. The miners have no power to change the protocol. We saw that in 2017 when despite backing from Bitmain and Coinbase and others they could not change the block size. Altcoins on the other hand are hard forking all the time. >Ouroboros which powers several cryptos, but created by Cardano results in significantly better decentralisation. To reach 51% you need to see a minimum of about 35 independent parties somehow act in concert. The same abilities for stakers to move, the same incentives are at play and there are still many nodes. To reach 90% you are talking around a partially rotating set of ~900 block producers. The other big difference is the block producers don't hold the rewards, the protocol pays every contributor to consensus directly, there is no way for block producers to have first pass at newly issued supply, nor can they get into liquidity issues, or withhold rewards. To join Cardano consensus is extremely cheap and easy by comparison, a small transaction fee of about 0.17ADA, a reasonable minimum would be 10ADA to get started. Decentralisation summary; Bitcoin wasn't designed for pools, some partial solutions like Stratum V2 have poor uptake, but even if they succeed they wouldn't resolve the problems. More modern protocols designed pools from the outset and just create better outcomes. No PoS is anywhere near capable of being as decentralized as Bitcoin. The largest holders have no arms race to worry about (like the miners) and they call the shots. No altcoin is capable of being as decentralized as Bitcoin regardless of the tech or using Pow over PoS as none of them had Bitcoin's under-the-radar inception. They were all created with the knowledge that Bitcoin could work and could accrue value. And therefore control is seized too early. >LN has so many problems it's not worth listing them all, but the result is most people end up on custodial solutions. Bitcoin and cryptocurrency is supposed to remove the intermediaries that fiat needs, if it can't do that then it fails and serves no purpose. Lightning can use non-custodial nodes. Security in any case does not have to be as rigorous as on the base layer. Most payments will be small. You don't explain why Visa, SEPA, Swift etc work just fine. If a coin tries to do everything on-chain the whole thing is compromised. Even the ETH crowd came to that conclusion.

Captain_Fredl

Nice i guess ADA or DOT🤣

One_Boot_5662

>And how is it not great? Just two block producers create over 51% of blocks, about a dozen do ~90% of blocks. This is not good, because if there is any collaboration or coercion behind the scenes it would be very easy to attack. Please spare me the "miners can move", "there is no incentive", "nodes control consensus" arguments, they are not relevant to this risk. Furthermore the protocol allows these block producers to hold all rewards, this allows them to manipulate miners, we have even seen the block producers with "liquidity issues", so we must accept the Cantillon Effect is at play here. In terms of miners, it's now largely an industrial process if you want to make money. Technical capabilities, high upfront investment and need for cheap energy set a high barrier to entry for ordinary people. >What's better? Ouroboros which powers several cryptos, but created by Cardano results in significantly better decentralisation. To reach 51% you need to see about 35 independent parties somehow act in concert. The same abilities for stakers to move, the same incentives are at play and there are still many nodes. To reach 90% you are talking around a partially rotating set of ~900 block producers. The other big difference is the block producers don't hold the rewards the protocol pays every contributor to consensus directly, there is no way for block producers to have fist pass at newly issued supply, nor tpcan they get into liquidity issues. To join Cardano consensus is extremely cheap and easy by comparison, a small transaction fee of about 0.17ADA, a reasonable minimum would be 10ADA to get started. Decentralisation summary; Bitcoin wasn't designed for pools, some partial solutions like Stratum V2 have poor uptake, but even if they succeed they wouldn't resolve the problems. More modern protocols designed pools from the outset and just create better outcomes. >It works fine. And even if it didn't there would be other solutions. No one criticizes the dollar for relying on L2s. LN has so many problems it's not worth listing them all, but the result is most people end up on custodial solutions. Bitcoin and cryptocurrency is supposed to remove the intermediaries that fiat needs, if it can't do that then it fails and serves no purpose.

josef3110

>I believe in what can be verified and proven to be true. Again Show me how any of the following are possible Sorry to tell you, but you mix decentralization with security. You can have security without decentralization (e.g. banks) or security from decentralization (cryptos - except XRP). Quite a significant amount of XRP validators are actually university run systems. Don't you fear they opt out as soon as their research on XRP has been finished? >If I lock up my BTC for 1 day and then release it tomorrow, You can't lock BTC on the bitcoin chain. No smart contracts. But, let's say that you lock some ADA in a liquidity pool. It is still part of the coins in circulation, because you can take it out of the pool (unlock) and sell it, if the price is right. Even they are locked for a longer period of time (like a loan) someone else can use them for trading. Now Ripple needs XRP for its own trading liquidity. When they lock them, it's not for a day or 2 or even months. So, it makes a difference if you lock up a comparable small amount of a coin compared to locking billions of XRP for longer periods of time. The later massively changes market liquidity which is equivalent to burning for traders. These coins are not available to the market until Ripple decides to unlock them again. So, the way how locking (or burning) effects the market depends on the volume and time and not on the tag you put on the process. In the Cardano network I can mint and burn the same native token whenever I want, given the token policy allows it. >One is a private, centralized & a permissioned network (Ripplenet) The other is Open source, Decentralized, Permissionless (the XRPL) So, why does Ripple interfere with XRP in the first place. They manipulate liquidity big time just for fun? And what does RP stands for in the name of the coin? >Again like I said some of the more advanced features of Ripplenet require interaction with the XRPL. for example ODL only functions with the use of XRP, this can only occur on the XRPL. so when clients wish to use that feature, Ripplenet interacts with the XRPL. You already admitted that both chains interact. But now you claim again that they are independent. >My math is verified by the blockchain itself, I dont have to rely on 3rd parties like CMC So, everybody else is wrong and you are right? See I can communicate without using strong language and personal accusations. If you are a trader you should not be personally attached to your subject of trading. It can and does prevent you from having a broader picture of what's going on. I'll give you an example: you may like Tesla cars, or even own one and be happy with it. That's one thing - on the other hand you won't want to buy TSLA shares because they are overpriced compared to the other car companies competing with them. You see traders, should separate their opinion about a company from trading it's shares. The same is true for currencies and of course cryptos.

josef3110

>You complain about Ripple "dumping" yet they usually lockback \~80-90% each months 1 Billion unlock and have been doing so since 2017. it gets locked back up for another 55 months. So, if you replace burn with lock and mint with unlock you almost quoted my original post. So, thank you for admitting that I was spot on in the first place. Note, that for the trader there is no difference between burn and lock or mint and unlock, because it changes liquidity exactly the same way. >Again like I said some of the more advanced features of Ripplenet require interaction with the XRPL. for example ODL only functions with the use of XRP, this can only occur on the XRPL. so when clients wish to use that feature, Ripplenet interacts with the XRPL. So, I get it that you can't tell us why the chains are independent and dependent at the same time. And how this independent dependency affects price, market cap, or liquidity. >Customer A wants to send $1Million USD to thailand and convert it to Thai bhat(their currency). if XRP is 1$, it would require the purchase and selling of 1 Million XRP. Now do the same interaction but XRP is 10$ instead of 1$. It now requires 100k XRP instead of 1 Million. Obviously that would not work. The business model is to perform the transaction with the same price of XRP. This is why both transactions should performed within a short time frame. Obviously, low volatility is important to Ripple - the corporation. On the other hand high liquidity is also important. That's why Ripple has to control liquidity, otherwise it would risk to maintain its business. >how much ETH does Vitalik/Lubin/consensys hold? how much ADA does IOHK/hoskinsen hold? Well, for ADA, there is the reserve and the coins in circulation. Together it is a pre-minted 45B with about 35,5B in circulation. Now there a simple formula how the reserve is depleted with every block validated. And, btw. it is pretty well known how much IOG and the Cardano Foundation own, because they have staking programs through which they expose their wallet addresses. Now, to some degree BTC is similar; every block minted receives some BTC created with the block. With the halving events and a max amount that can be minted there is a clear understanding how market cap develops. Now for ETH - it is obviously inflationary, with some (unpredictable) burning of tx fees. Coming to a point here: all 3 cryptos are traded in an open and free market. Now for XRP it has Ripple controlling the liquidity (for obvious reasons I explained already), and only second hand interest in price, i.e. only for funding it's enterprise. >tokens they have were given to them by the founders from the genesis wallet, their value when they received them was 0$. IOG, Emurgo, etc. had to pay the given price for the coins at the ICO and it was not 0, even far from 0. If you look at the distribution of ADA vs XRP, one can clearly see how centralized token ownership of XRP really is. >CMC and others dont calculate circulating supply correctly for XRP. So it is the fault of others, that your distorted math is not visible to the public? You believe that 117 validators is decentralized. Technically, that can be housed in a single server room. Cardano has about 1000 block producing validators and 1800 more registered validators. That's a factor 10 higher.

Zelulose

To figure out what the point is look at all the problems with the existing system. 1) Funds take too long to settle 2) Restrictions on deposit and withdrawal speeds 3) Transaction Fees and overdraft fees 4) Threat of Bank insolvency or system instability 5) Censorship of your money example Canada There are so many more issues. Crypto aims to fix them. Then we look at issues relating to bitcoin. 1) Miner centralization 2) Transaction speed 3) Network speed issues 4) Bridging or L2's that centralize transactions taking away fees from miners So, when looking for an altcoin. Don't look for $Bonk or some random meme coin like $Mother. Ask yourself, what does this coin fix. People will stick with those coins even if they go to zero. For example, SMR and iota are not doing well. But they offer a solution to all the above issues once development is complete. This makes me want to keep using them to attempt to solve real world problems even if the price suffers. I want my kids to live in a world that is free and seamless. Not the current one. While I don't use ADA, it also attempts to solve the above issues in its own way. Nano and hathor attempt to fix fees. And polygon attempts to help things scale with low fees as well. Networks. Are competing right now on how to fix the broken aspects of money. Some of the broken things even bitcoin did not fix like instant transactions and transaction fees are trying to be solved by other networks. So some altcoins are pump and dump "shitcoins." But many of the networks that are the L1 for those "shitcoins" often are really trying to solve real problems like RWA tokenization or other issues not addressed by bitcoin or other fiat things. I have found value in most coins building real solutions to real world problems. No coin deserves a shitcoin title. Shitcoin is often just a way for a whale or token maxi with marketing money or bot shill armies to belittle other coins to promote their own bags because the free market would reject them otherwise. I would argue someone calling a coin a shitcoin is akin to a scammer saying not to listen to authorities and listen to them instead. Because, if they could use reason, they would not have to bully your coin while they promote theirs.

biba8163

> Because it suits some narrative your comments are a fictional narrative. Of course, you're always making money and outperforming BTC. True ethos of a shitcoin investor. > Really...I was a btc maxi from 2014 to 2017....then went full eth maxi in 2018. Still here and still an eth maxi. - June 2024 https://np.reddit.com/r/CryptoCurrency/comments/1dut3vs/daily_crypto_discussion_july_4_2024_gmt0/lbljeg2/ > Easy.....XRP and ADA. https://np.reddit.com/r/CryptoCurrency/comments/x6vdd3/daily_general_discussion_september_6_2022_gmt0/ina6vnf/ - September 2022 > FTT... fast track to usa regulatory approval. https://np.reddit.com/r/CryptoCurrency/comments/t31jcu/daily_discussion_february_28_2022_gmt0/hyq3yo4/ - February 2022 > After 7 years, I have whittled down (aka consolidated) my coins to the final 4: ETH, XRP, FTT, and LINK. Got rid of BTC back in May...VET back in August.....LTC back in 2018.... Ton of shitcoins in early 2022...Who will survive? - February 2022 https://np.reddit.com/r/CryptoCurrency/comments/sz2hre/daily_discussion_february_23_2022_gmt0/hy2f9hx/?context=3

One_Boot_5662

I use my Cardano native assets to buy music or books, I have played a few games which are okay. Of course staking is very popular, I also guide the direction of the project through using my ADA to vote. I'm not much into DeFi but I do lend out some assets for others to do more degen things. I like Cardano because it's designed with security in mind, much safer than many other platforms.

MirageInc

ADA

simmol

Usually, when there is a big event (and no event in crypto is bigger than an ETF release), there is buy the rumor, sell the news. However, if you look at the 1 month chart, ETH is down -0.20%. In the same timeframe, BTC = +3.7%, SOL = +30%, XRP = +21%, ADA = +15%, DOT = +12%, etc. It is not surprising that a lot of alts are up higher than Bitcoin the last month as Bitcoin had its own issues with the German government selling as well as Mt GOX. However, it is surprising that ETH is down more than BTC when unlike the other alts, it has the biggest event in the ETF trading. So the only conclusion that I can take is that people are now so scared about sell the news that they don't even buy the rumor. That is, these events are sell the rumor, and sell the news types. Crypto trading seems to be changing as people are adjusting their strategies.

LeoIsLegend

I made my money on Luna. From $1 to over $100. You keep bag holding that stablecoin ADA.

kilo6ronen

You type in ADA, and call it a day

Nightmare_Tonic

Tons of memes fail all the time. You're naming the ones that were successful but you wouldn't have known that back when they started. I'm holding ADA and DOT too, plus a bunch of large caps. They'll go up. They won't go berzerk, but they'll go up.

Chronmagnum55

I'm sorry, but people on this sub did not tell you to buy ADA, XRP, and DOT. They get dumped on here all the time.

jinglesthemouse

Could’ve bought Doge, PEPE, WIF and secured my future but I listened to this sub and bought ADA, XRP and DOT. Smh I’m ruined…

R4ID

> One wise man once said: "if you require to burn token to prevail, then there's something wrong with the tokenomics in the first place" Fees are burned, thats how the "token" gets burned. validators dont get rewarded like BTC miners. this makes the network deflationary. >So, your excuse for Ripple controlling this vast amount of XRP is because of testing new tech? No im telling you what was happening at the time in the space, there is no "excuse" because its not a fault, it is simply the reality of the situation. The tokens they have were given to them by the founders from the genesis wallet, their value when they received them was 0$. They then worked and developed their product fit solutions which increased the value of the token. They put in the most "dev" work, so should they not receive the largest reward? >The point is, that Ripple controls the value of XRP because they control the amount of XRP available for trading. Then why dont they set the value to 100$? They dont control the price of XRP otherwise they would set the price to as high as possible to create the most value for themselves. The market sets the price not them. They have no more control over it than Michael Saylor has over BTC's price, Vitalik/lubin over Eths price, Hoskinsen /IOHK has over ADA's price. Again you hold them to a higher standard than you do any of these other people and their respective projects, why? >That they announce their dumping of XRP into the market does not make it (much) better. how much ETH does Vitalik/Lubin/consensys hold? how much ADA does IOHK/hoskinsen hold? we legit have NO idea. Id much rather have the open and transparent situation of Ripple/XRP over the legit unknown of the others. >This is also a nice trick to bump up the market cap. Holding back ("locking") huge amounts of XRP they got from original minting and then dumping them onto the crowd. it has zero effect, the coins are already in circulation. they've been spent multiple times. CMC and others dont calculate circulating supply correctly for XRP. They choose to exclude Ripples holdings because they use an out of date API, if they were to query an actual node, it would show 99.9B in circulation. Again its a 100% premine, the tokens were spent my Ripple multiple times before they chose to escrow them. They dont do this manipulation of data for ETH/ADA and the others. https://x.com/coinmarketcap/status/1070077231047815168 >For a trader it does not make a difference if it is "real" inflation or "unlocking" pre-mined token. It is just more token on the market and putting pressure on the price. the token is already in the market. if I escrow my BTC, does CMC update the circ supply? no, same goes for everything else Except XRP. >So you'll have it both ways. They are independent and interact with each other. What is the truth now? It can only be independent or not. Im not having it both ways, you're simply failing to understand what they even are and how they interact. They are independent in the sense that that they are 2 completely different networks one private, Centralized and permissioned(Ripplenet) The other is open source, decentralized, permissionless(XRPL). Again like I said some of the more advanced features of Ripplenet require interaction with the XRPL. for example ODL only functions with the use of XRP, this can only occur on the XRPL. so when clients wish to use that feature, Ripplenet interacts with the XRPL. This isnt complicated. >Of course they interact and that's the way Ripple controls XRP. Show me the control. im still waiting. (you cant and we both know why) >The point is, that the price of XRP does not matter to Ripples business model. Customer A wants to send $1Million USD to thailand and convert it to Thai bhat(their currency). if XRP is 1$, it would require the purchase and selling of 1 Million XRP. Now do the same interaction but XRP is 10$ instead of 1$. It now requires 100k XRP instead of 1 Million. Tell me what happens to slippage in this case? (I'll give you a hint) its lower by a factor of 10 because you have 10x less total units required. The price of XRP is directly related to Ripples business model. The higher the value the more efficient their products become. They also as the largest holder gain the most by a higher price. You complain about Ripple "dumping" yet they usually lockback ~80-90% each months 1 Billion unlock and have been doing so since 2017. it gets locked back up for another 55 months. Ripple only hurts Ripple the most if they crash the price as they are the largest holder of the asset. it is in their best interest to increase the price of XRP. > Further, they can dump their XRP they got for free to fund their company. which is the largest Developer of tech for the token. Again Consensys sells ETH to fund their development of Eth. why do you hold XRP/Ripple to a higher standard? >And this is different from the other chains you mentioned. Their backers have an interest in stable or increasing price. as does Ripple because again, they are the largest holder of the token. They benefit the most from a higher price, this isnt hard to understand. >They do not dump huge amounts of token into the market. We legit dont know how much ETH consensys/vitalik/lubin hold, IOHK/hoskinsen hold. so you have no way of actually saying that or verifying its true... how do you not understand this? >They also don't hold back billions of token to pump market cap. again we dont know how much they hold so you have no way to claim what you just said is true. >And, finally, their business model is centered on the development of the token and not something completely different. You grossly misunderstand Ripples business model then. >I understand you are a fan of XRP and I don't want to change your opinion. the only thing that would change my opinion on any topic is something that can be proven to be true. so far youve presented nothing of the sort (go figure) and are still unable to answer any of my questions (go figure) >But for me it is important to explain the motives behind trading different coins. And from my point of view (and I admit that some details have not been entirely correct) XRP is different from others. You dont understand the topic, you realize you dont understand the topic, yet you still fill confident enough to form a very incorrect opinion on it. Dunning Krugger effect 101 >That Ripple is in control of it, is a pretty well known fact. then why cant you PROVE this is true? lol, you see the problem with your arguments right? Claiming 2+2=5 and saying its a pretty well known fact doesnt make it true. >And people should know the motives of Ripple and their business model, because it has a serious impact on the price and future of XRP. again, They benefit the MOST by increasing its value... basic game theory makes your argument laughably incorrect.

Capital-Physics4042

ADA will be mid $30s this bull run

jwz9904

don't forget ADA

Rebellion_Protocol

I'd personally go 50% ETH, 25% LINK, 15% ADA, 10% BNB. But hey, everyone got their own favs, right? Seen the stuff they post in this sub? Might help ya: https://www.reddit.com/r/DailyLedger/

Parush9

Airdrops are just for marketing purposes and onboarding new users to their platforms . Ofcourse these all alts have been under water for a good while . Look at this subs fav Algo , ADA , LRC at one point .

alejandrosan3

How do you stake ADA? I have a few k's in nexo but I'm always curious about this (same with Tron).

R4ID

> Calling unlocking billions of XRP deflationary is an interesting idea Does the total amount of XRP in supply increase or decrease every 3-5 seconds? the answer is pretty cut and clear here. Let me put it another way, If I have BTC and I lock it up in a time locked escrow to be released tomorrow, is that Inflation? did I "create" new or more BTC? Clearly the answer is no, the BTC was already in my wallet, live on chain. Yet the XRP that Ripple has had live in their wallets since 2012, which they locked up in 2017 to you is somehow "minting" or "inflation" ??? do you see the problem with your argument yet? like they've been posting publicly about their intentions the entire time https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/ this isnt that difficult. >but does not fit the math I learned in school. Clearly you didnt pay attention in math class then. >If XRP is independent from Ripple, then how come that Ripple can unlock these billions. https://xrpl.org/docs/concepts/payment-types/escrow/ because they put them in a timelocked escrow? or do you also not know what that means? Anyone can put any XRP they own in a timelocked escrow. Once the specified time has passed, Anyone can send what is called an "EscrowFinish" transaction to unlock the funds. Sometimes Ripple isnt even the one to send this transaction. People in the community have used this + the memo tag to put silly stuff attached to the unlock escrow message. stuff like this https://x.com/martypartymusic/status/1807925068858904746 it is often used to trick people who dont understand what is happening or who are new. >They did not buy them Correct, when the XRPL was created the 100 Billion "XNS" which would later become XRP were in the genesis wallet. the private key to that wallet is located here in the codebase https://github.com/XRPLF/rippled/blob/ffd453f7dd091b0499fd6ab964880c8268deead4/src/ripple/app/misc/NetworkOPs.cpp#L852-L854 Anyone could of taken as much or as little as they liked from this wallet(and many people did) it was worth 0$ at the time but IIRC Roger Ver and Ex CEO of kraken Jesse took from the genesis wallet to test out the new tech. At the time the community was much more focused on tech moreso, so to try out a brand new consensus method which didnt have the costly energy demanding PoW problem was very interesting to many people. >Whenever they need some funding they dump that stuff on you. They have had multi Series A,B and C rounds of Funding to the tune of hundreds of millions of dollars at this point. example (https://techcrunch.com/2019/12/20/ripple-raises-200-million-to-improve-global-payments/) And again, its Their XRP that they can do whatever they want with. You wouldnt blame BTC miners for selling BTC? or Vitalik/lubin/consensys for selling ETH? Hoskinson/IOHK for selling ADA? Charlie Lee for selling LTC? All those people actually created the thing or were the largest Dev(like Ripple) for that given project. ??? why do you hold Ripple to a different standard than the entire industry. I mean heck, we know exactly how much XRP Ripple has sold because they release that information in quarterly reports, yet for ETH, etc we have Zero idea how much they hold/sell. >And what do buyers get back? Nothing. The same thing buyers of BTC get back when miners sell. nothing. the network is open source and opt in. >Because the company's business is separated from your chain. Ripplenet interacts with the XRPL and some of its advanced functions only are possible with the XRPL, so no. you're wrong again in your understanding of those 2 networks and how they interact with each other. >I'll give you another example: CRO. Which was created by the company and the nodes are Run by the company. Again NEITHER of these apply to XRP as it existed before Ripple. >till it is controlled by CDC and thus all claims of an independent chain is just a facade. Provide examples as to how Ripple controls the XRPL. Show me how any of these are possible. when you realize none are you'll understand that Ripple doesnt control XRP or the XRPL. - Freeze XRP transactions - Reverse an XRP transaction - Doublespend on the network - Censor a user from spending their XRP - Force a code update on the validators - Create more XRP >I for myself would not call 117 validators a decentralized network. Show me the centralization. so far youve made a bunch of false claims which I dont even have to google to disprove so ??? >You can twist things the way you like. there is no "twisting" its what is the truth and what is delusions written by you. you're constantly failing to "verify" / prove your claims are true. Don't trust, but verify. you cant prove anything youve said is true (because most of it isnt) >Fact is, XRP and Ripple are not like any other crypto. I agree, XRP is fast, cheap, it scales, it has a built in Layer 1 Dex(the first in the world ever created) XRP invented the concept of token issuances (like ERC-20) XRP invented the first stablecoin, XRP has order books AND an Automatic market maker now (unlike ETH) its green so it doesnt destroy the planet with wastful energy usage, its more decentralized than BTC/ETH atm, has more fiat currency pairs than both of them combined atm. the list of things that XRP can do that others cant is quite long in fact. Ripple is a company tho, not a crypto. >And the fate of XRP is tightly bound to the fate of Ripple. Agreed, Ripple is the largest Dev, much like Consensys/IOHK etc are to their respective blockchains.

alesia123456

So many “safe bet Alts” like ADA,DOT,MATIC,XRP,AVAX and others creating new lows vs BTC

TexasBoyz-713

Well I don’t think many people want ADA added to their 401k or retirement plan

Oheson

No the sub does not hate SOL at all. Maybe a few ADA holders hate SOL but overall sentiment on SOL is very high.

Zllimpat

I use litecoin for transactions daily. Like someone said, this is what crypto was supposed to be. And it’s the best one to use because it’s available on almost all exchanges, even small ones. Whereas XRP and ADA are not.

LucrativeThinking

I like ADA, BTC & (I know ill get flamed for this) Brett

graytleapforward

ADA will thrive, just not with Hoskinson.

jawni

one of the biggest pitfalls is chasing a project because of the founder's history (or anyone significantly involved), and hilariously all 3 of this sub's favorite altcoins check those boxes. ADA with Charles, DOT with Gavin, and ALGO with Silvio.

HSuke

Add it to the quickly growing list of L1 blockchains that eventually all need to switch from a capped supply to a sustainable model like Ethereum with no cap but with a token burn. Eventually even these ones will need to remove their supply caps (though some of them are decades away from running out): ADA, AVAX, KAS, VET, AR, JASMY, ALGO, XRP

Kekkins

I remember that staking ADA was very simple, if you don't consider it a shitcoin you can try it...and you can always continue the mining with your gpu because there wasn't only ETH but there are other gpu-mined powcoins to support like Vertcoin or Ergo or Kaspa without looking too much at the reward obviously, for powcoins it's a bad time ( except for btc )...

kirtash93

Like it is said: "Put your coins to work". Personally I like how easy is staking with ADA, but I DOT and ATOM are not difficult either. ETH would be a dream to be a validator but the new Trezor "staking" feature is quite easy to use.

jwz9904

i'm only buying ADA

ummr8900

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Astramie

Apologies for the long comment, but for those who are genuinely curious... I use Cardano to stake, buy nfts, make swaps, DCA, and vote for projects. You can also mint an nft to link with an email address, or mint an nft as a handle so you can receive txs using a more user friendly address, like Eth domain names. There's DePIN projects like Iagon, which is like Filecoin, to store your data with a decentralized storage provider. They also host dapps and are working on decentralized compute services. There's NFT royalty platforms for creators like NEWM, Books, and Jpgstore. You can also lend NFTs. Some lending protocols even offer double yield on lending since the liquidity pools are staked. It is kind of like staking liquid staking derivative tokens, but much simpler. You don't have to exchange your ADA for stADA and potentially trigger a taxable event. Also let's say your order has not yet executed at the limit price you set, it can still earn staking rewards while the order is pending. Staking is liquid and self-custody, less middlemen and more ownership for the user. There's RWA projects like Palmyra and Empowa. The ecosystem is growing much faster now that infra and tooling is improving. Community built their own languages like Aiken and Opshin that are based on more popular languages like Typescript and Python, which compiles down to Haskell-based Plutus. You don't need to know Haskell anymore. Although you do need to know how to build on an extended UTXO model, but it is getting easier as more devs open source their code and share their designs. There's even a new batcherless AMM design that got funded this Catalyst round, and designs are rapidly adapting especially with Plutus V2 and V3 now with Chang upgrade, enabling zk primitives support on the L1. There's also new L2's on the horizon that offer unique benefits due to UTXO's deterministic properties like way cheaper fraud-proofs and better mobility between L1 and L2. There's also Leios and Peras to make the L1 faster. Hydra has interesting Catalyst proposals this round as well. The one thing I wish I could use Cardano for is stablecoin stuff. They have home grown stablecoins that are algorithmic and fiat backed, but they don't have the more established ones like USDC and USDT with higher liquidity, stability, and connections. MyUSD on Cardano is backed by USDC and USDT. There are also ways to bridge over USDC using Wanchain. Your implication is right, it is relatively a small ecosystem, a small island compared to the others. But it's fast growing. It's important to note that it is growing without Ethereum's network effect and heavy VC support. But interoperability is increasing with the recent Plutus V3 upgrade, that makes it more interoperable with Ethereum, and other developments like Cardano's integration with Cosmos. There's also Polkadot's Substrate tech powering Cardano's partnerchains. Cardano devs are also bridging the knowledge gap between them and Bitcoin devs with Fluidtokens and Maestro sharing protocol designs. It appears that this cycle, the alpha on Cardano is on Twitter, not on Reddit. Here's a few recent tweets from non-Cardano people. [https://x.com/CryptoConan/status/1811416874552611129](https://x.com/CryptoConan/status/1811416874552611129) [https://x.com/NftswithDiz/status/1813229438370259276](https://x.com/NftswithDiz/status/1813229438370259276) [https://x.com/TannerCartier/status/1813167238599655792](https://x.com/TannerCartier/status/1813167238599655792) [https://x.com/ZKDID\_/status/1799400337612190153](https://x.com/ZKDID_/status/1799400337612190153) Some recent posts to show typical daily chatter. [https://x.com/CardanoRami/status/1805971403675779203](https://x.com/CardanoRami/status/1805971403675779203) [https://x.com/Padierfind/status/1813519559703335109](https://x.com/Padierfind/status/1813519559703335109) [https://x.com/zkFold/status/1813271373802053835](https://x.com/zkFold/status/1813271373802053835) [https://x.com/FluidTokens/status/1813247448015307080](https://x.com/FluidTokens/status/1813247448015307080) [https://x.com/cosmos/status/1806357065960407485](https://x.com/cosmos/status/1806357065960407485) [https://x.com/ZengateGlobal/status/1803850888085189072](https://x.com/ZengateGlobal/status/1803850888085189072) and more... [https://x.com/sharlhuskens/status/1803442866280341529](https://x.com/sharlhuskens/status/1803442866280341529) [https://x.com/VioletNoRegarde/status/1805955713111670974](https://x.com/VioletNoRegarde/status/1805955713111670974) [https://www.youtube.com/watch?v=y4txesKsL\_M](https://www.youtube.com/watch?v=y4txesKsL_M) [https://x.com/ore\_times\_3/status/1810691719848952084](https://x.com/ore_times_3/status/1810691719848952084) [https://x.com/HouseOfTitans\_/status/1811829651121000663](https://x.com/HouseOfTitans_/status/1811829651121000663) [https://x.com/Omen4Omen/status/1804855019864207402](https://x.com/Omen4Omen/status/1804855019864207402) [https://x.com/MoparGirls/status/1813180347494113438](https://x.com/MoparGirls/status/1813180347494113438)

aguitarwar

This sub hates Cardano so much which means that everyone should be buying some ADA

Every_Hunt_160

Oh dear, the ADA cult is out in full force defending their hero today

ozera202

So fucking true ., 2 coins I will never buy xrp and ADA . All promises but do fuck all . I’m here to make money not join a fucking cult .

Only_Constant_8305

thats why I replaced my ADA with AVAX

Every_Hunt_160

First Charles talks (shit) about Eth, then he went after the Dogecoin community, and now he's even talking about Elon Musk If anyone wonders why Cardano takes 10,000 years to roll out each new feature it might be because the dev is busy spending time talking about every other project outside of ADA !

Despaciito

ADA to 50 cents this week is not a meme

biba8163

> coins like DOT, ADA etc Grayscale dropped ADA and ATOM from its large cap trust. That entire large cap trust is mostly BTC 70% and some ETH 23%. It's Excluding-Ethereum Smart Contract trust has a only $13% ADA and 8% DOT. That entire fund is $3.7 Billion (60% SOL) while Grayscale Ethereum's fund is $10 Billion. Most institutional and traditional finance interest is in Bitcoin. There is considerably less interest in ETH. Example before the ETFs back in 2020, with lot smaller marketcaps, Grayscale held $10+ Billion BTC and $1.5 Billion ETH. Besides that there is negligible to zero interest in any other coin. The idea that an ETF will come and pump some random coins you hold is hopium at best. Crypto investors might have fallen for tech meme coins but institutions and traditional investors are not so easily gullible.

Eightsense

With ETH ETF going live the tides will shift to tech narrative, coins like DOT, ADA etc.. will do well

Capital-Physics4042

I'm feeling vindicated about my XRP and ADA predictions. XRP's on it's way to $10, all the fundamentals and technicals point to it. And when the Netflix documentary comes out concluding with the favourable SEC decision, there's not stopping then. $100, $1000? The sky is not the limit, past the sky, past the moon. Let's go!

LeoIsLegend

That's your opinion. You probably bag hold ADA.

AmongTheElect

> It's looking like XRP and ADA are pulling up the entire crypto market. Boy there's a sentence I never thought I'd read.

Tikiterps

The same could be said for ADA lmao. One sinking ship to the other

Beechbone22

Nice bait lmao. Throw in ETC, ADA and BCH and people will flame your ass real good.

KeepTruthAlive

ADA reached .22 cents in the bear market. if you averaged down you'd be in the green

Despaciito

ADA starting to wake up again. Ready for the next leg up? 🔥

Warlock3000

XRP might be a leading indicator for what to come for alts just like ADA, time would tell.

Superb_Wolverine8275

Thats what people said back then also, then ADA went up from a few cents to 3+ dollars😃 Hope is there

Capital-Physics4042

I mean the only 2 crypto in the top 10 20% and over rise last 7 days. XRP is 31.71% and ADA %20

Capital-Physics4042

I feel like XRP and ADA hodlers are having a hard time... picking which color lambo they're gonna buy

RariCalamari

There's no fundamental pointing to ADA outperforming its last cycle returns by 3x Which coin ever did that? As far as I know none

RariCalamari

So ADA did a 3.5x peak to peak from 2017 to 2021 No chance it does a 9x peak to peak now

jwz9904

you are unrelenting on XRP and ADA. You must have heavy bags

Capital-Physics4042

XRP and ADA will lead this bull season. XRP to low $10s and ADA to low to mid $30s. Then ERGO to $150-$200!

Aallarp

I always hold , bitcoin, eth, Sol , ADA , shib , Neo in case it should suddenly move again;) Ape, uni, mio, and many others . GME too 😉

Chronmagnum55

Usually, yes, but this sub also hates ADA and XRP, so that might be one to not follow the trend.

Positive_Feed4666

Buy BTC any time it drops below 60k Then diversify across ADA, ETH and SOL If you want a gamble try STX, AMP, HBAR or ATOM

No_Comfortable2954

Brett on base , Ponke on sol, Bobo on Etherum, Snek on ADA

GreenManMedusa

ADA is one cycle out of date..its going nowhere

GreenManMedusa

ADA is one cycle out of date..its going nowhere

Gzdu

ETH will not lose its place for a long time but I think instead attract other layer 1 users like DOT, ADA etc

flog_fr

Please be serious. ADA is already 15B$ mkt cap, with tons of bagholders that will probably exit as soon as they break even. I feel really sorry for this crypto and community, as its one of the best technologically speaking.

Capital-Physics4042

ADA will likely go to mid $30's this bull season, and XRP to low $10s

Capital-Physics4042

This whale finally realized it wants to sell bitcon to buy the real OG, ADA

Despaciito

I think ADA will at least do a 10x from here ( $5 ), maybe higher

Capital-Physics4042

Why are people so US-centric? For example ETH is still waiting for approval, while ADA already has ETF in Switzerland and Japan. All these lol-ing of naysayers, I will be the one lol-ing all the way to the bank when ADA soars to new heights ($35-$45 this bull season) and it pulls ERGO to $200 in its wake

Capital-Physics4042

Dunno where you pulled that out of but maybe your arse cuz it's bit smelly haha Look at the chart for the last month and see the continuous rise of both XRP and ADA. Now look at bitcon, it's still trying to recover

Capital-Physics4042

It's looking like XRP and ADA are pulling up the entire crypto market. Have a look at these 2 blockchains, they hold a lot of promise with lots of positive things happening in the next 6 weeks

Capital-Physics4042

It's looking like XRP and ADA are pulling up the entire crypto market. Have a look at these 2 blockchains, they hold a lot of promise with lots of positive things happening in the next 6 weeks

Astramie

I will try to make this simpler for you. BTC is the native token of the Bitcoin protocol. It can only be frozen or rolled back if majority of miners agree to do so. ETH is the native token of the Ethereum protocol. It can only be frozen or rolled back if majority of miners/stakers agree to do so. In fact, they did agree to do that, and the decision remains controversial, hence your comment. ADA is the native token of Cardano. It can only be frozen or rolled back if majority of stakers agree to do so. Are you seeing a pattern? You need majority in all cases. Ethereum is the only one that got the majority to do a roll back. Next, let's talk about the tokens on the Ethereum and Cardano networks. The tokens created on Ethereum are not actually tokens, they are smart contracts. The issuer who wrote the smart contract and created the ledger can freeze the assets, like Circle and Tether, or any other ERC issuer. The tokens created on Cardano are actually tokens on the main ledger. They are no different than Ada. In order to freeze them, you would need the majority of SPO's. Hope that helps.

Astramie

That's not true, Cardano has a thing called native assets and not smart contract tokens. They are actual tokens like ADA, BTC, or ETH that live on the ledger. There are no claw back or freeze mechanisms. In fact, USDM on Cardano is a new fiat backed stablecoin like USDC, except it is a digital dollar stored on the main ledger, not on the issuer's ledger, which the issuer controls. Native assets are much more aligned with cyberpunk ideals, but it concerns governments and regulators the same way they are concerned about bitcoin. They want control when criminal activity is involved, which I think many of us would agree is a good use of that power. We trust that centralized entities don't abuse their control. Unfortunately, that is reality so Cardano also has [CIP-113](https://cardano.ideascale.com/c/idea/120311) to give developers an option to build programmable tokens. It's actually a bit controversial in the community as you can imagine, it's like a step back in ideals. But as long as people still have a choice, that's what matters I think.

One_Boot_5662

32,894,502 Ether is staked, you need 1/3 of that or 10,964,834 Ether. Lido has practically that amount, if that happens then the Lido block will start earning more in rewards and there could be runaway centralisation. High risk, requires altruism to prevent. Cardano ADA requires at least 35 independent parties to collude. Its way more secure. Thinking US Dollars is the ultimate measure of security has it all wrong.

JustHalfANoob

ADA and XRP have been pumping before this happened. It has nothing to do with it IMO

Capital-Physics4042

This is the changing of the guards 1. ADA 2. XRP 3. BTC 4. ETH

bizaroo933

That was in 2019. He has changed and became pro-crypto. If he gets choosen as a president again beautiful things are waiting for crypto. We may get a Solana ETF, maybe even ADA etf etc.

Buydipstothemoon

ADA Chill gang is back. Holding since 2020. Won't sell before 3-5. Get rich or die trying 😂