[10 Predictions for #Cardano in 2022 - A Thread]
1/ Inspired by @cardano_whale 's post, I shall also make a prediction's thread but I will make them different than his, although everything he said is very reasonable.
1/ Inspired by @cardano_whale 's post, I shall also make a prediction's thread but I will make them different than his, although everything he said is very reasonable.
[I - Real Use Cases]
2/A criticism thrown at #crypto is that it caters to speculators instead of users
In 2022, a major and easy to implement use case is that of microfinancing, by tying the degens looking for yield with those in underdeveloped markets who need microloans.
2/A criticism thrown at #crypto is that it caters to speculators instead of users
In 2022, a major and easy to implement use case is that of microfinancing, by tying the degens looking for yield with those in underdeveloped markets who need microloans.
[II - Institutional Adoption]
3/ #Cardano is not the first name that comes to mind when the average person thinks crypto.
So even though 2021 marked the first wave of institutional adoption in crypto, major corporate investors will arrive en masse in 2022 as $ADA proves itself
3/ #Cardano is not the first name that comes to mind when the average person thinks crypto.
So even though 2021 marked the first wave of institutional adoption in crypto, major corporate investors will arrive en masse in 2022 as $ADA proves itself
[III - New Means of Financing]
4/ This year we saw projects fund themselves via Initial Stakepool Offerings (ISPO), whereby people opted out of their $ADA in return for tokens
This will grow and begin to be used by different types of people, like artists, as if it were Patreon
4/ This year we saw projects fund themselves via Initial Stakepool Offerings (ISPO), whereby people opted out of their $ADA in return for tokens
This will grow and begin to be used by different types of people, like artists, as if it were Patreon
[IV - Regulatory Crackdown]
5/ #Crypto is a bizarre industry where people really think they can thumb their nose at the world's powers and not get punched back
A bunch of bad things can happen: staking blockchains get considered as securities, algo stablecoins get banned, etc
5/ #Crypto is a bizarre industry where people really think they can thumb their nose at the world's powers and not get punched back
A bunch of bad things can happen: staking blockchains get considered as securities, algo stablecoins get banned, etc
[V - Tether Collapse]
6/ This gets predicted every year, but I do think there's a strong possibility of it happening, as the US has signalled that their first regulatory targets are stablecoins.
If this happens, unfortunately, that's the start of a year's long cryptowinter.
6/ This gets predicted every year, but I do think there's a strong possibility of it happening, as the US has signalled that their first regulatory targets are stablecoins.
If this happens, unfortunately, that's the start of a year's long cryptowinter.
[VI - Stakepools become Communities]
7/ The returns of Stakepools are going down year by year, this is baked into the #Cardano cake
Now, as this number decreases and becomes less enticing, SPOs will have to be unique and bend over backwards to keep people around via social ties
7/ The returns of Stakepools are going down year by year, this is baked into the #Cardano cake
Now, as this number decreases and becomes less enticing, SPOs will have to be unique and bend over backwards to keep people around via social ties
[VII - Entirely new use cases]
8/ $ETH's horribly high gas fees discourage innovation, as any new experimental application would cost an arm and a leg
However, on networks like #Cardano, the settlement costs are negligible. This encourages novelty as people play around with it
8/ $ETH's horribly high gas fees discourage innovation, as any new experimental application would cost an arm and a leg
However, on networks like #Cardano, the settlement costs are negligible. This encourages novelty as people play around with it
[VIII - Cardano will be too big to ignore ]
9/ While I don't think FUD will outright stop, I do think $ADA will begin to be treated as a blue-chip investment in the crypto world as the ecosystem develops and gains sophistication.
9/ While I don't think FUD will outright stop, I do think $ADA will begin to be treated as a blue-chip investment in the crypto world as the ecosystem develops and gains sophistication.
[IX - More government adoption ]
10/ The need for decentralized, tamper-proof systems is growing
While I don't expect it to happen overnight, I think we will sign more Memorandums of Understanding to build up government infrastructure and eventually even elections via ZK proofs
10/ The need for decentralized, tamper-proof systems is growing
While I don't expect it to happen overnight, I think we will sign more Memorandums of Understanding to build up government infrastructure and eventually even elections via ZK proofs
[X - Flantoshi reaches 10k followers ]
11/Ok, this is a joke, but an honest desire at that
I want to build a community of curious, smart people who are interested in pushing crypto forward, not as a get-rich-quick scheme, but as a long term investment and means of social change
11/Ok, this is a joke, but an honest desire at that
I want to build a community of curious, smart people who are interested in pushing crypto forward, not as a get-rich-quick scheme, but as a long term investment and means of social change
[Conclusion ]
2022 is going to be an interesting year for #Cardano, perhaps unique in crypto history.
The reason is that no L1 blockchain has had this huge and active of a community before everything's live - our network effects out of the gate will be extraordinary!
2022 is going to be an interesting year for #Cardano, perhaps unique in crypto history.
The reason is that no L1 blockchain has had this huge and active of a community before everything's live - our network effects out of the gate will be extraordinary!
GODDAMNIT AHHHHHH I NOTICED TYPOS AND CAN'T EDIT IT AHHHHHHH
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