Yesterday I wrote about my thoughts on whether or not this is the last best time to buy cryptocurrency.  It was sparked by the thought that the current state of cryptocurrency is similar to the dotcom bubble.  

In the early days, there were a lot of skeptics regarding what Amazon, the "online bookseller" could be. They said it would not work, they said people would not order online, that the brick and mortar stores would continue to be how people shopped. Those takes did not age well. Don't get me wrong, there were people who believed in it, just not that many.  Amazon had a visionary leader, one who clearly saw the future.

This brings me to Cardano.  There are many skeptics, many many skeptics. There are naysayers regarding the methodical and research oriented approach to building it. In fact, yesterday I read a post here on Publish0x about how Cardano is a "zombie chain."  I am not sure how zombie chain equates to a slow and methodical research based approach to building a cryptocurrency, a business, or anything else. Look at the metrics regarding growth on Cardano, from what I read it is consistently in first place over the past few months. This would not be possible if it were a Zombie chain, would it? 

I for one love the idea of solid, not emotionally reactive, non-manipulative approach to building a cryptocurrency. I have never met Charles Hoskinson, the founder of Cardano, as well as co-founder of Ethereum. Either this guy is a crypto genius, or he is one of history's greatest manipulators.  To be honest, I do not really know which one he is. However, I have studied human behavior and have a PhD in Clinical Psychology.  His behavior, particularly the one about the slow and methodical non-reactive to what others want approach to building Cardano does not scream "fraud." Quite the opposite, it screams health, openness to being challenged, and a willingness to get it right.

Cardano seems to have it right regardless of public opinion, something that seems healthy to me. It is growing in a terrible economic cycle (the current recession), and even delayed an update that made it look bad to ensure it was working properly this past fall of 2022.  

To be honest, I am looking forward to reading this post in a few years to see whether my thoughts are spot on, or if this will look silly in the future.  We will see, and I am enjoying the ride along the way.

Again, I am not writing this as economic or investment advice, I am writing this from an intellectually curious point of view.  Please do not take my thoughts as anything more than thoughts, an attempt to get others to challenge their thinking regarding cryptocurrency.

I found this https://www.youtube.com/watch?v=J92j8rg4xCI YouTube video after I wrote this post. Apparently, I may not be the only one having this thought comparison.