I like Ada for two reasons: It is leveraging a functional programming language and the technology is based on meticulously peer reviewed papers. If you want to give a smart contract the responsibility of handling assets worth billions of dollars, then you want the code to be provably correct, and the only way you are going to have a chance of proving the correctness of your code is if it is written in a functional language. Developers may hate it because they are trained in procedural programming, but it is rarely their money on the line, so they will just have to learn.
As someone who hates functional programming, give me one reason why I wouldn't just use other blockchains like Solana or Sui so I can use Rust or Move lol.
Umm.. Solana is a terrible example with its numerous outages, DDOS attacks, consensus bugs and bridge hacks in less than a year. Imagine investing your entire retirement life savings in a network that can easily drain your wallet to 0. OP already answered your question, because it's not your money on the line.
As someone who is a software engineer trained in the classical procedural languages, there is alot of validity in this argument. The issue is based around the issues first raised by Alan Turing, the father of computer science. His argument was around probability and completeness of algorithms, which are the backbone of all software written today. Functional programming, more specifically static analysis, is the best solution to date to solve proveability issues in software to prevent non-deterministic outcomes. Haskell, the basis of Cardano software backend, is also used in critical applications such as aerospace (rocket and offworld systems).
The reason USDC & USDT have not gone to Cardano is because of it's unique security features that make it impossible for regulators to freeze or seize any token build on Cardano. This makes DJED and any other stable-coin on Cardano MORE VALUABLE than any other stable-coin on other chains. No regulator can steal from you if your value is held on ADA's chain.
@@nobobonobogosh, you couldn’t sound more uneducated 🤦🏽♂️🤦🏽♂️🤦🏽♂️ Tether has been on the market since 2014 and DJED is not even a year old. Of course there are complications in the beginning. Which is actually good. You want this to happen early on, to be able to eradicate all issues before mass adoption happens. USDT and USDC have had and still have some hiccups from time to time, so your argument is completely invalid.
@@PepeCoinMania They said cannot be stolen as in confiscated Criminals want anonymous over confiscation attributes which is why only the stupid criminal's deal in btc which is easily traceable
I have been Holding Cardano since 2018, those who believe in this project know the potential it has, we do not look for quick profits, we seek to change the world!
@@dixoncider6786 Why, back then ADA was trading at a few cents and he'd still be massively up from his original investment. Definitely should have taken profit in 2021 though.
I've researched the roadmaps of the top 20 Altcoins extensively and Cardano has the most exciting road map for 2024 of any Altcoin I can find. Its ahead of the game.
it wasn't actually shut down. the chain kept on going, just with fewer nodes. it was probably the result of some nodes having a certain update and others not upgrading yet.
@@Firedancer100 If shut down means stop producing blocks it never shut down. If shut down means some nodes automatically rebooted then there is your shutdown but that is a bit of a stretch.😏
@@Maxშემიწყალე Funny, the first thing I was taught in software is that the hare never wins. If you've ever written a line of code, you should know that all it takes is a single typo to crash an entire program.
So when 50% of Cardano’s nodes are down but the other 50% is still on line validating transactions it’s an outage, but when the whole Solana network is completely out for almost a day, nobody blink an eye and it’s almost viewed as a feature 😂.
Cardano is a fantastic project and has an amazing future in my opinion. Its not going anywhere, its a great long term play, its not going to get the same explosive gains as other altcoins but i still can see it doing amazingly well in 2025 and beyond.
I definitely agree with this part: "It is not going anywhere" The project is almost a decade old and has achieved very little adoption other than retail speculative use cases.
Oh please no one was saying ADA was long term when it was $3.10. Worst excuse to keep saying. 99% invested in ADA only care about its price, who cares about the blockchain
If DEFI lama included ADA liquid staking like it does for all other POS chains it would be 2nd in terms of TVL right behind ETH. Also if you look at TVL in terms of ADA locked this has been consistently growing and has therefore nothing to do with the price going up. The reason USDC isn't on Cardano is because they were asking for a silly amount of money to deploy it (Charles has spoken about this previously).
@@Tommow94 it doesn't, without liquid staking, eth tvl is $27 bil and with liquid staking it's $55 bil. At the top, there is a drop-down menu to include it but it's disabled by default
I learned from a young age Slow and Steady wins the race. Cardano has created the most strategic pathway to be the most successful Alt-Coin in Crypto. Its going to change the world in time.
Cardano is literally the only L1 that I actually use. Its secure, decentralized, and actually works. It's a huge competitor and has amazing long term viability if you can see past the fud.
To put a finer point on it, it's antithetical to the massive effort underway to centralize crypto so the current establishment can retain control and continue to extract wealth from the population. Therefore people like guy won't invest because of the risk of it being squished by opressors.
Would loved to have heard more about the boom in dApp development. I'm not saying you're fudding, but making note of Meld and Coti, but not of the incredible growth in other dev activity that has resulted in some amazingly succesful dApps, is a bit of a blind spot in this video. Nevertheless, thanks for the update, looking forward to the next.
Any real world enterprises using Cardano? Retail speculative use cases such as Defi and NFTs are happening on thousands of projects. This adoption is very fickle and users come and go dailly. Real enterprise use cases are much more meaningful.
I have been waiting on this, Guy! You have been fair or objective with Cardano today! For a project like Cardano to go slow and do things right; I believe that’s the best way to go. If your foundation is not strong, you won’t last in the brutal future of Crypto. Because only the strong will survive. And Cardano probably be the strongest. Thank you for the this episode.
Because of its meticulous design, Cardano is able to address its challenges while ETH, SOL etc have fundamentally greater challenges they most likely will not overcome.
Regarding why Usdt and usdc is not accepted in cardano, its because cardano was welcoming them into the ecosystem but USDC and USDT wanted "freezing" capabilities. Cardano was too decentralized for that to be possible so USDT and USDC didn't want to build anymore.
So token devs came and were not able to build their token because ??? it's decentralized. So they left? lol Seems to me like the tech simply didn't support something they needed for their system to work. Cardano is a chain with one foot in the grave, bad tech and limited ability to develop on it.
On saftey, security, decentralisation and liquid staking cardano is unmatched. Slow and steady wins the race. Compare ADA more to Bitcoin than to Solana. And the TVL is 10 billion which puts cardano right behind Etherium. And over 13000 daps are being build on Cardano, even if a handfuls are successful??? Go ADA 🚀 Common guys! It's a no brainer....
@@jba414You can like or even love cardano all you want. You can understand it to be a good project that has many use cases. You cannot however call it the next global currency without someone calling you a clown. That shit is hyperbolic and downright funny.
Nami was a 1 Person Project, and a very successful one. The Person behind it did Not have the resources anymore to jeep Namu running. It was win win decision.
Not to mention the fact that this 1 person dev build and open sourced a slew of Dapps and libraries. Nami was just his first side project and Eternl (among others) have filled the gaps as most used wallets. Coinbureau missed this aspect big time.
If you think everyone(a lot of people) is gonna be rich by a single instrument at the same time then it is impossible because Everyone is not going to be rich at the same time.
I said it from the very beginning this project has super potential. A lot of new people look at it and say it's shit because the prices are relatively less volatile than others but they fail to understand the actual value behind the project itself, and as it progresses in development it will gain incrementally.
I love Cardano, it’s my favorite project! Not only is it making a technological impact in Africa, it is the most decentralized crypto. Charles is a true leader, ADA is here for the long run!!
Yes and... Most DeFi projects will get crushed by regulations and KYC. Cardano governance structure is leaps ahead and likely one of the few that will survive the DeFI reckoning.
22:00 this is lacking important context. It would have been insightful to you if you'd watched the interview. In the interview, he was referring to the early days of Cardano, when the project was launched in 2015 and faced many technical and research challenges. He said that they had to rewrite a lot of code and do a lot of research that they didn’t think they had to do.. He also said that they have learned from their mistakes and moved forward. **He did not imply that Cardano is currently using the wrong technology or has an unrealistic roadmap.** So, the “wrong technology” that Cardano faced in its early days was fixed in 2019, when the project launched its Shelley phase. This phase introduced a new consensus protocol (Ouroboros Praos)
No project comes close to having as clear a vision of how a blockchain ecosystem could look from decentralised identity to banking the unbanked cardano is the way
Why do reviews of Cardano never explain that multiple transactions can be done in one transaction? Example: I can send 100's of NFT's in one transaction...natively. No secondary roll-up step. I dont have to pay for a secondary service. Just a very small transaction fee.
This irks me too. There are a lot of programming and engineering terms haphazardly thrown around when talking about blockchain projects. A lot of gaming buzzwords that most crypto youtuber's don't quite understand are also a bane on progression of real blockchain games and people taking them seriously.
Cardano is poised to be the leading blockchain in AI with singularity net and its many affiliations developing a AI driven side chain on Cardano. This is a powerful narrative and in theory a game changing approach to AI.
Been hearing all about how it will be this and that as SOL leaves it behind in the dust. Ada needs to get proper adoption this bull run or it’s over for it
ADA has been one of the best performing assets in all of crypto, ADA held really strong during the bear by proportion, and has the best developed network in all of crypto. BTC and ADA have the least risk of any project too.
Meld and coti are great projects and still operate on cardano interoperable. There are other high-quality projects like WMT IAG COPI Book and more with the same potential. Development is booming! outside of the three entities. The community is strong, more scalable and interoperable info you missed. More projects in play. Thanks for the update!
Thanks for the content. Im a huge fan of Cardano but can at times miss some of the challenges it faces. Thanks for addressing some of them. I have extremely high hopes for Cardano.
Minotaur is the innovation behind the side/partner chain framework. Would have been nice for you to mention that and the Plutus smart contract platform upgrades. Remember, smart contracts weren't launching on Cardano until after the bear market began.
I was expecting GUY to mention "Minotaur" as well, but he didn't. It is natural that any team won't be able to fully understand Cardano and its innovations if they are not following all the ongoing activity.
I think Nu-Fi is also good to mention. I can't remember the amount of times I've used Nu-Fi to do cross-chain swaps and regular swaps. The best thing is their support team. These guys are absolute legends.
As many other "youtubers", you can directly tell which coins they're holding which is not a good thing to do as a RU-vidr, and a lot of them are there to chill their bags!
Guy has been pretty fair in his update with Cardano. And these are essentially a repeat of some of things we’ve heard before. When Cardano still had federate nodes people up until the day of the Shelly launch in 2020 were saying that Cardano would never prioritize decentralization or move to proof of stake. Even when Cardano didn’t have smart contracts they said it would never happen and then they said it wouldn’t have any dApps. Recently people talked about Cardano’s TVL won’t get it into the top 10 TVL chart and it’s there. Cardano is at least where it was the last time Bitcoin first reached $45K and this is all before a Halving event. And when governance comes to Cardano the community will have almost $1 billion in the treasury to vote on proposals to address all these concerns and to diversify the development process. We could even vote to pay Circle to bring USDC to Cardano when IOG didn’t want to pay them.
No mention that Sol was also named a security by GG. Or that there was no ICO in the US by Cardano, instead vouchers were given ti Japanese buyers in Japan-no US buyers allowed. That puts the sale of ada in the US on the secondary market which by laws on the book, makes it not a security. Was this not known to the coin Buraue?
I love your content, but I think you need to do more coverage of midnight which is the beginnings of cardanos scalability and mass adoption. Also, as far as price performance I’d pay more attention to market cap because the supply of ada is so much larger then most others like solana
Thank you for this, Guy and the CB team! I have been accumulating ADA for years now, and a little over a year ago with SOL. They are both strong buys for different reasons, each with their own challenges, and will be around a long time. I think of it as investing in Apple and Microsoft. If you're all in on ADA, then that is your risk tolerance, and you will be rewarded greatly should it excel beyond other chains.
I'm more concerned with it merely catching up to other chains first. If there is such a thing as first mover advantage, then there is the corollary of last mover disadvantage. Cardano is minimizing its space in people's heads at fair speed.
Solana has a huge potential to become the next SoLuna!!! I do respect the concerns GUY mentioned, and I have been hearing them for some time, but Cardano is almost answering all of them with the updates / upgrades etc. In terms of regulatory concerns, Solana & Matic and many more are in the same shoes. Luckily, Cardano reacting fast and is about to implement on-chain governance for full decentralization, while other competitors likely to fail this aspect. Cardano will be ready before the regulatory scrutiny comes in, on the other side we will see some competitors being delisted on many exchanges which will cause huge decline in their values. It will certainly halt their ADOPTION or even could kill it. Cardano is safe bet here compared to SoLuna.
ADA and SOL are not being adopted by real world enterprise. This is all retail speculation fuelled by influencers how will someday dump their bags and invest in real utility.
Very good video, thanks. In Cardano, we believe most of our current issues are actually features (real decentralisation and self custody) and the market will appreciate that sooner than most think, as soon as CBDCs start to show their true nature. That is also the very reason regulators are on Cardano. And that leads to one thing (the most important one) you haven't mentioned - the Cardano community. We're prepared to hold on and to be here when the going gets tough. Cheers
You didn't mention how on Cardano transferring tokens and NFTs is absurdly cheaper and more secure than on any EVM chain. That's just one of many details you should have covered that you somehow missed.....
Everyone sleeping on what’s to come of cardano, I get it if your trying to make quick gains in the short run, this will be the beast if u just follow what’s going on.
Strange to not include the #1 meme token and the 2nd overall coin by market cap on the chain! Snek has been smashing records every week for the past month! Rare miss by you Guy! Usually the research is top notch!
I'm a #CARDANO maxi before and made millions out of it in the last Bull run. But now if you want money and not marrying a certain token, #Ada is not the choice. Smart money,Vc's money, institutions money will flow into #Solana #Link #Avax and certain a.i when the time is ripe. CARDANO is so slow, and I doubt it will pump like last Bull run cause the hype is gone. No vc backing etc etc Dyor. No hate just facts 👌🤝🔥
I think ur right. Same opinion and same experience but ofc I didn’t earn millions from Ada last bull run. Maybe $2-3 for Ada this bull run. Narrative is strong in gaming, and the majority are built on eth, avax, Matic and sol.
@@stevencampbell6359 I understand your point and I didn't say CARDANO is bad. I know it well. But I'm here to make money not to marry a certain coin. Cardano is a slow mover, no appeal on Vc's or any backers. I go where the money flows whether it's decentralized or not, etc etc.
The issue of outage being "addressed" is a bit misleading. No one "addressed" it. It is not Solana that needs an engineer to be called from his sleep (I am almost certain there are no women engineers there) to throw the switch on. In fact no body knows how to do that if that ever happened to Cardano. But Cardano is expected to go down for some unknown reason. In fact no body knows why it did the last time. But when that happens Cardano is designed to self heal. And that is why the so called outage was so exciting. Because for the first time we experienced the self healing process. It has take only a couple of seconds . That was the most impressive thing experience. Not even the individual stake operators had to do any thing. The software the network took care of it.
