1/6. I've looked into @OccamFi in a little more detail & there are a few things that seem to be very promising. The one that jumps out to me that wasn't obvious at first glance is the fact that there will be a centralised bridge between #ethereum and #cardano that will live on..
2/6 ...centralised exchanges. If I am not mistaken, this would allow users withdraw tokens from one chain to the other with minimal-zero gas fees. Want to port your stablecoin from #ethereum to #cardano to avail of better, safer #DeFi rates? @OccamFi facilitates that. This is...
3/6 ...monumental. It will allow full blown vampire attacks of #ethereum liquidity with very little friction + due to faster, lower fee #DeFi, plenty of economic incentives to avail of the option. I think this is largely underappreciated based on my cursory investigation...
4/6. ...& certainly something that warrants more research. The VC funding model is getting some flack from many in the ecosystem, but they are forgetting that is exactly how #cardano raised a lot of it's own initial capital. I am not encouraging investment, simply drawing more...
5/6. ...attention to the project from the community. Regardless, this is but one of 100+ projects touted to be finding a home on #cardano this summer. The market has absolutely no appreciation for what is about to happen. I wish I had more FIAT to capitalise on what I see coming.
6/6. I have to keep reminding myself I am incredibly fortunate to have any capital available at all to invest at all, but I am growing insanely bullish with each passing day. I think we are on the cusp of a chapter of history, never mind a rank change on @CoinMarketCap. $ADA
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1/. @IOHK_Charles of #caedano didn't make 1c from his founders #ethereum. He gave 100% of it to his secretary as his secretary wasn't paid properly for months of hard work. He was ousted over a fundamental disagreement over risking small investors money instead of VC money...
2/...at the experimental stage of the project. It turns out he was right, tens of millions of dollars of small time investors money was lost in hacks and exit scams due to rushing to market with an unfinished project and patching in production. How this has been spun into him...
3/...being a corporate sellout is beyond me. He wanted to run the company with a clear management structure so that the efforts of the early team could be guided correctly. Instead they chose anarchism, and as a result...