🍮Flantoshi🍮 Profile picture
Jun 19, 2022 14 tweets 6 min read Read on X
Why Cardano isn't going to 0

[A Thread🧵]

#Cardano #CardanoADA $ADA #Cryptos
1/ Intro

At the time of writing, the crypto markets look worse than they have looked in a while. Crypto is likely, for the first time in its history, to experience an economic recession and increasing interest rates.

This has prompted critics to say that “crypto is dead!”
2/ The Apocalypse is happening

Now, I’m not gonna bullshit you, the markets are nuking and we’re in for a world of hurt. But the logical inference that because the price is lower it’s over for crypto, is a fundamental misunderstanding of the tech and its role in the economy.
3/ Crypto is a cockroach, you can’t kill it

The entire purpose of crypto is that it can sustain shocks through its decentralization. The logic is that by diversifying the number of operators/miners you can weather any storm, as you can’t possibly affect every area equally
4/ Blockchains don’t go Bankrupt

Blockchains aren’t businesses with profit margins or running costs - those are socialized to the wider community. And if the community is large enough, dedicated and rich enough to support it, it cannot disappear overnight.
5/ Centralized crypto is different

Over the last few years, there’s been a rise of centralized blockchains - Excel spreadsheets - which run on expensive servers controlled by a handful of actors. These can and do go bankrupt as they’re run-of-the-mill centralized tech businesses
6/ Running Costs

Due to the energy efficiency of Cardano and the ethos of making the requirements for running a basic stakepool modest, well-delegated stakepools can still operate and maintain the network despite low prices

7/ Community is everything

Look at Dogecoin, it’s crap, it has no real purpose, yet before being adopted by Elon Musk, it was purely kept alive FOR YEARS as a joke due to merge mining with Litecoin.

IF A BLOCKCHAIN’S COMMUNITY IS STRONG IT CANNOT DIE!
8/ Cardano is strong

Whether it’s appreciating nice polls or meeting up in live events, the ADA community is active when compared to its peers in market cap

I asked the FlanClan whether they had any plans of selling now that the price is down, close to 1k people (96%) said no
9/ Government & Corporate Partnerships

One thing that attracted me to Cardano was its increasing institutional partnerships. If institutions have their data infrastructure on-chain, this will act as a permanent cushion, as they will need ADA for their essential operations.
10/ ADA’s Resilence

Despite all the nonsense happening, ADA has actually held up remarkably well. Just to make a point, the Flan Clan NFT mint over a month ago happened while ADA was $0.4. We’re actually HIGHER now than we were back then, even though everything’s crashed.
11/ ADA is a solid product

Probably beating a dead horse here, but ADA is worth the attention we give it. I've written articles a quarter of a book's length on why it's a good investment. But here are the cliff notes:

11/ Conclusion

We most likely will go lower. But over a longer period, we’re likely to be fine. Many crypto projects with no use, or which are not particularly well designed, are likely to die out. ADA is not one of those.

Cardano has already survived mega bear markets before
21/ Shilling

If you liked this, please consider following. I write one thread a week, which looks at crypto from a different POV, and then I write it as an article

If you want to support me financially you can delegate to FLAN or send a tip, thanks!😃

medium.com/@flantoshi

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More from @flantoshi

May 20, 2022
A beginner’s overview of Catalyst (Cardano’s Treasury and innovation lab)

[A Thread🧵]

#CardanoCommunity #CardanoADA #Cardano $ADA Image
1/ Intro

Catalyst is often jokingly referred to as Cardano’s VC, as it aims to collect a portion of fees generated from each transaction and use that money to fund projects that are beneficial to the community.

A funding round for Project Catalyst happens around every 6 weeks.
2/ Purpose

Catalyst is still in an experimental phase where its operating procedure is subject to change considerably

But it ultimately seeks to be a means by which to fund projects that help the Cardano ecosystem, irrespective of whether or not they’re necessarily profitable
Read 18 tweets
May 8, 2022
How to make the most out of a bear market

[A Thread🧵]

#CardanoCommunity #Cardano $ADA
1/Intro

Every macro indicator is screaming recession. The last decade of excess has come to an end and it’s time to pay the piper.

I cannot promise you’ll make money during these times, what I can do is to make tactical suggestions to maybe benefit from the situation.
2/ Background

The other week we covered why most people are not going to do well in this environment, and today we’ll discuss how to benefit from a bear market.

Read 19 tweets
Apr 26, 2022
You Are (Probably) Not Going to Make It - How to Survive a Bear Market

[A Thread🧵]

@conraddit @matiwinnetou @DeansEpoch @hans_the_crypto @cardano_whale @LatinStakePools
1/ Disclaimer

Sorry to the people I tagged on the thread, I don’t mean you specifically, or anyone else in the audience.

I’m sure you’re all lovely and smart people😳

I’m referring to the average Joe and his habits, how despite his best intentions, he might be destined to fail
2/ Intro

If you’re under 40 you have likely never been invested during a deep recession.

We all collectively believe we’re much better at making money than we really are, it’s just that until recently we’ve had the longest bull-run in recorded history.
Read 17 tweets
Apr 7, 2022
10 Reasons Why I Would Sell My #ADA

[A Thread🧵]

#Cardano @DeansEpoch @technologypoet @conraddit
1/Intro

ADA is an investment for me, it’s not a religion and it’s not the purpose of my life

ATM #Cardano accounts for 90% of my portfolio

For good or ill, there may be a moment when I feel the need to sell some or all of my holdings. This is an exploration of those scenarios
2/Reason 1: Nakamoto Coefficient goes down

This measure is a means of seeing how many entities control Cardano as a network. BTC started at 35, now it’s 5, ETH is 2

Cardano is at about 22, if it becomes comparable to BTC, or ETH, I’m out

(thanks to @matiwinnetou for charts)
Read 19 tweets
Mar 4, 2022
THREAD SUMMARY OF KRAKEN'S REPORT:

Sitting Tight - February 2022 Crypto On-Chain Digest

This report is an analysis of various on-chain metrics for #Bitcoin, #Ethereum and #Cardano which show a bearish trend for the markets and what its ongoing effects might be 0/6
Most important info 1/X
Throughout February, Crypto was going out of exchanges, which would imply people intended to HODL. Now though, exchanges are minorly receiving more crypto than is leaving, so people are more likely to sell their holdings. However, this trend is lessening with each passing day 2/X
Read 7 tweets
Feb 26, 2022
1⃣DISCLAIMER

Over 90% of my net worth is in ADA at the time of writing. I believe in the project enough to more or less work full-time on it.

That said, I believe anyone that invests in an asset should be able to play devil’s advocate against it if they really understand it.
2⃣ASS COVERING

I am going to be uncharitable in my assessment of both Cardano and its community. I don’t do this out of malice, but out of an attempt to temper some of the over-optimism native to Twitter that I’m sure has led people to overleverage and go bankrupt
Read 23 tweets

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