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0 pointsrodiger5y ago0 comments

I mean everything they've launched works. Yes they don't have smart contracts live yet, but they do have sound tech[0] and some cool partnerships[1].

I'm no Cardano shill and would never buy at the current prices, but if I believed they had what it takes (which is more than just sound tech) to siphon off much of the Ethereum crowd and bring in more nation-state level projects in the coming years then the valuation isn't that crazy.

Again, I don't have such lofty assumptions and will be waiting for smart contracts before I consider investing, but to say it does nothing is patently false- and if my time horizon were in the multiples of years then I'd probably consider inclusion in the large pool I'd spread my play-money across.

Is it worth $44B right now? Obviously not, but investment is a bet on the future, not current performance- and I've been wrong a lot.

[0] https://iohk.io/en/research/library/

[1] https://www.coindesk.com/from-paper-to-cardano-blockchain-io...

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5 comments · 2 top-level

MegaButts5y ago· 2 in thread

> I'm no Cardano shill...but

If you have to say you're not a shill, it's probably not working in your favor. You sound defensive. For what it's worth I don't think you're a shill but I think you're naive about cryptocurrency.

And if it's not worth $44 billion today then you're an idiot to buy at that price, because why not wait until the price is right? And if the price is just going to go up then clearly it is worth that today. This isn't even unique to crypto this is just investing 101. Why would you ever overpay for something if your goal is to make money?

rodigerOP5y ago

Hah, fair enough. I just see a lot of closed-mindedness when it comes to discussions around blockchain tech on HN specifically, and it's hard to advocate for more nuanced discussion without sounding like I have an agenda.

Yeah it's probably overpriced and not a smart idea to buy. I'm not saying it isn't.

excerionsforte5y ago

I've seen highest rated comments where people are ragging on cryptocurrency and some on blockchain tech itself. I usually skip these because I think blockchain is interesting. I see it as a secure highly replicated database.

Cardano has a lot going for it from my time looking at it (3 months now). I'm going to keep paying attention to it.

That said, I hope it succeeds in staying cheap to write transactions unlike the other projects in order for poorer countries to be able to take advantage. And hope it is successful convincing African and Asian governments/institutions in keeping important things like education credentials and property deeds onto its chain given the lack of documentation and authenticity in a lot of these places.

Lots of cryptocurrency speculation going on, but I can ignore that and be interested in where Cardano is going with regards to improving lives in countries where they are essentially neglected.

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thepasswordis5y ago· 1 in thread

>Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibility for the many, as well as the few, and bring about positive global change.

This is identical to every other project that claims these exact same things.

rodigerOP5y ago

Yup it is. I don't disagree with you- there's plenty of other projects with the same goals.

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5 comments · 2 top-level

MegaButts5y ago· 2 in thread

> I'm no Cardano shill...but

If you have to say you're not a shill, it's probably not working in your favor. You sound defensive. For what it's worth I don't think you're a shill but I think you're naive about cryptocurrency.

rodigerOP5y ago

Yeah it's probably overpriced and not a smart idea to buy. I'm not saying it isn't.

excerionsforte5y ago

Cardano has a lot going for it from my time looking at it (3 months now). I'm going to keep paying attention to it.

Lots of cryptocurrency speculation going on, but I can ignore that and be interested in where Cardano is going with regards to improving lives in countries where they are essentially neglected.

1 more reply

thepasswordis5y ago· 1 in thread

This is identical to every other project that claims these exact same things.

rodigerOP5y ago

Yup it is. I don't disagree with you- there's plenty of other projects with the same goals.

j / k navigate · click thread line to collapse