Cardano is a legit project, a superior blockchain and world changing technology. If you read the Cardano whitepaper and roadmaps, and can come away with even a small understanding of what the Cardano Blockchain is and will be after completion its obvious. If "vaporware" or "ghostchain" comes to mind when you think of Cardano than you are grossly misinformed, ignorant or in denial. If you do understand the roadmaps and still use these terms to describe this game changing blockchain its obvious to everyone else that you are trying to FUD Cardano.
I intro with this to show that Cardano can stand on its own and needs no help. It does however have help, which comes from the most unlikely place, its biggest competitor, Ethereum. The history of Eth is full of bullet holes shot from the guns of its developers and their poor decisions.
Blockchain rewind - It starts from ancient times around 2015, once upon a time, when a smart contract ran on Ethereum was coded with a fault. This fault was exploited by hackers to the tune of 50 million US dollars. Vitalek and the Ethereum developers decided to "roll the blockchain back" and get the money back. This rewinding of the blockchain broke the Ultimate Crypto Rule that " Blockchain is LAW" and no one should have the power to manipulate it. (This rewind created the present Ethereum blockchain from the original blockchain Ethereum Classic. I have another post "Origin of two Ethereum's" that goes into this in further detail.) This shows the developers lack of loyalty to the blockchain. Ironically, Charles Hoskinson creator of Cardano was wholly against manipulating the blockchain because of his belief that "Blockchain is Law".
Cross that bridge when we get there - Ethereum's biggest problems, POW, Scaling, fees, have been known about for the most part since 2015, but it appears that the development has taken a reactive mindset instead of a proactive mindset. They dont address these problems until there is a major problem.
Band aid on a broken neck- The proposals they have made for fixes are bandaids and will help but not fix the problems. Gas fees will still be unpredictable and still rise with volume. Proof of work will become proof of stake but the staking system is broken with an overly long lockup period, and a high cost staking node that brings up the question of centralization.
$1 to send $2 HUH? - Ethereum transactions fees are enough to hold Eth back, and allow any comparable blockchain to overtake its market cap as it falls. The gas fee at low transactions per second, tps, is enough to prevent an average crypto trader from partaking in excessive transactions. As the TPS rise so do gas fees. The fees can raise exponentially and are insane, they become so high that only the most eccentric traders on the high end of the scale are willing to pay for transactions.
Profit over users - On the day, of the top, of the last two Bull markets the founder of Ethereum has sold massive bags of Ethereum. The blockchain shows that Vitalek sold 17,000 Ethereum, at all time highs, on the day of the top back in May. He made a massive trade at the top of the last bull market too. I think this shows loyalty to the dollar instead of his own blockchain.
Ethereum was thrown together with profit in mind, with known problems that were shoved to the side to be dealt with when they were monsters and reared their ugly heads. First mover status is the only advantage that Ethereum has, and looking back at history thats a debatable advantage. I believe that Alonzo will be completed and smart contracts will be launched on Cardano before any of Ethereums "band aids" will be released. The number two crypto will be overtaken.
