Ninjastic
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Board Altcoin Discussion
Re: Some insight on ADA coin/Cardano
by
ScoreB
on 05/10/2017, 05:39:53 UTC
Quote from: charleshoskinson on October 04, 2017, 08:48:55 PM
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Some newbie insights: Well, ok, for a coin with such a high market cap this coin has a whole lot of question marks floating around it.. not to mention the dubious articles on it's founder as you dig into it..

That said, even if it is dubious, question is if the coin is a good or bad investment as of this moment..

As a long term solid investment I wouldn't gamble it, but if you're on a hunch for a quick profit, who knows..

Standard tactic. Charles is a shady dude. He murders puppies and pollutes the rivers = Dubious project. Notice he didn't mention the whitepaper https://whycardano.com/ the research papers https://www.cardanohub.org/en/academic-papers/ the dedicated research centers http://www.businessinsider.com/iohk-sponsors-blockchain-research-lab-at-the-university-of-edinburgh-tokyo-tech-2017-2 the code with over 11,000 commits in haskell https://github.com/input-output-hk/cardano-sl the successful peer review https://www.forbes.com/sites/amycastor/2017/08/23/at-crypto-2017-blockchain-presentations-focus-on-proofs-not-concepts/#44f468ba7b70 the team https://iohk.io/team/#cardano or pretty much anything else that's positive.

It's basically project destruction by character assassination. This is why the mainstream can't get into crypto. It's a series of toxic clubs that try to destroy each other when they disagree.

I guess it's fair critique I didn't mention those positives, which I agree they are. It's not that I didn't look at them and it may well be that they prove to be a valid and strong foundation for Cardano and the ADA coin.

That said, I did state I was just spilling some newbie thoughts.. given the amount of negative news regarding crypto-scams, of which we cannot deny there are a lot floating around, I feel it is only healthy to be on high guard. So, if a new coin pops up with a major market cap I don't feel it's unhealthy to be skeptical about it: guilty till proven innocence rather then the other way around. It's not how I like it to be but I perceive it necessary in crypto land.

Reason crypto isn't mainstream in my eyes is because on regular markets there are a lot of regulations and government-oversight that to some extend protects it's users. Simultaneously though those same regulations form a sometimes suffocating grip on things, forcing a status quo when we in fact would like to see a natural evolution of things. Crypto at the moment still offers that freedom, but that also means it lacks the regular protections.

My post probably sounded a bit more negative then I meant it. When I said I wouldn't gamble on it I meant 'as of this moment'. Still feel that way though. Might be a lack of insight or understanding, once again I'm just a newbie here so people should judge for themselves if they consider my thoughts shortsighted or not.

I do indeed like the Haskell approach on Github and the stated motivations behind the entire project at https://whycardano.com/, so if my early musings prove shortsighted I'll be the first to admit when the time comes..

I'll state it one more time so it's clear: I am just stating some newbie hunches here, not an expert overview. If you are thinking about investing in this coin: do your own research and draw your own conclusions.