Quote from: mrtryonebiggums on October 02, 2017, 06:20:40 PM

I do not feel as strongly as you do on this matter but I too have similar thoughts. When Hshare showed up at 1 billion and top 10 marketcap that also scared me and was like wait where did this come from? Now look where

Yes, I noticed the same too. Have you seen HShare's list of investors? Quite notable other than Bitmain is Citic; Citic is a Chinese state owned corporation with a dubious history of forex trading. This coin is quite likely to be highly centralised and I won't be surprised if it is affected by wild swings. Also, still too premature in its development for its valuation. A lot of traders are going to buy into this and lose money.

Quote from: charleshoskinson on October 02, 2017, 08:29:51 PM

I really appreciate threads like these because they fairly express feelings without trying to be hostile. The reality is that Cardano has been an ongoing project since mid-2015 in one capacity or another and only recently did the initial participants have a chance to exercise liquidity. The price didn't suddenly go up exponentially due to a big pump rather it was a reflection that two years of progress have occurred from setting up research centers to developing the core client since the last price signal.

Finally there original market was scoped to Asia and now a much larger set of people are considering Cardano. It's reasonable to assume a dramatic shift and lots of volatility.

Hi Charles, kind of you to reply - delightfully surprised to see you here! However I dont think the market played a role in the pricing, traders were and are mislead. Which isnt really too difficult to do. When launched on Bittrex the price of ADA coin was arbitrarily anchored at a much higher price to establish higher trading levels than it would have if done fairly. I don't know if Bittrex or Cardano is responsible for this.

I think Cardano has a lot of things going well for it and could have fairly reached these heights maybe with a little more time, but instances such as this really makes a lot of us lose trust - one of the cornerstones of decentralisation is to ensure a powerful exchange or crypto elite do not manipulate pricing; if so we may as well as have banks and governments shelling us coins.