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!”
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.
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
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.
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
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
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
https://twitter.com/CryptoMonkADA/status/1538332024049520640?s=20&t=WZzmE2WpDERDbgr_pPSNUQ
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!
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
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.
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.
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:
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:
https://twitter.com/flantoshi/status/1501626279287787526?s=20&t=GooHOOHWoewrDIZywh7mRQ
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
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
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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