I truly believe Ethereum is on the cusp of a meltdown. For many reasons, but the primary being, far too many people already got really rich off the project. Those who are TRYING to get rich are being VERY greedy about it. And it's become too cumbersome, and too big to really operate efficiently. The term "too big to fail" comes to mind, with so many projects vested in the DeFi arena on ETH blockchain.
But it can fail. Hell, without a concrete prediction on what ETH fees will be, IF A transition to EIP-1559 is actually implemented, I am wondering how many DeFi developers are starting to ask "where is the next ETH"
Which brings me to Cardano. People speak about Cardano "not having" any DeFi projects on it right now. Which is again, entirely false. But it is limited in comparison to ETH.
If Cardano can expedite its timeline, I think it can be in the perfect position to take a VERY large portion of ETH's DeFi market share.
Since Cardano grabbed attention in the midst of when cryptos were actually being taken somewhat seriously, more investors piled in. As a matter of fact, almost all alt coins have a better coin distribution than BTC and ETH. When BTC and ETH launched, only those with technical know how could mine. Then only those who wanted to risk having real money get hacked away bought crypto (Mt. Gox-es).
When ADA launched, nobody really paid attention either. But when BTC and ETH began to rocket in 2017, everybody started to buy up alt coin markets. This gave people a better shot at getting in on the "crypto" train.
I believe Cardano has a window, a very PRECISE window, to prove to the world, that it is not only a competitor in DeFi / smart contracts arena, but it is also a leader for having scalability built into the network.
Can we as ADA enthusiasts ask Charlie, or press onto the rest of the ADA community to strike while the iron is hot?
You ADA loving,
Old Grey Fox
P.S. - I've been on / in Tron DeFi for a while now, and it is light years ahead of Cardano AND ETHEREUM in DeFi projects, but I think due to its tainted reputation, it will be difficult for it to really take flight without some major overhaul in leadership, and rebranding.
As always : THIS IS NOT INVESTING ADVICE. DO YOUR OWN DUE DILIGENCE AND RESEARCH. THIS IS JUST ME SHARING MY STORIES AND views / news updates.
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Alphanova.crypto
Above is the .crypto address for anyone who wants to shoot me some cheddar for my thoughts. Please no BTC or ETH. Network fees are killer. Stick to LTC, XRP, ADA, or TRX. The last 3 are almost free in terms of network fees. Remember - no matter how much you send anywhere, choose a coin that's low in network fees. Anything besides ETH / BTC really...
And if you happen to be a Publish0X admin reading this, PLEASE CAN YOU GIVE US THE OPTION OF BEING REWARDED IN TRC-20 tokens vs only ERC-20 tokens? It's going to cost me $5+ to send the $1 which I have yet to earn from eth wallet to anywhere else.
PLEASE IMPLEMENT NON-ERC-20 tokens as rewards. THANKS!
