/biz/ - Business & Finance

>>28516288
Post this shit on cc. Time to pass $1

>>28516288
Cheap fees = fake volume
Oldest trick in the fucking book

there are shittons of ethereum killers with better tech and they all failed. cardano wont but not because of the tech

So what you’re saying is that helping run the network isn’t profitable. Got it.

>>28516288
Literally fake as fuck LMFAO
https://coinmetrics.io/charts/#assets=ada,eth_roll=7_left=TxTfrValMeanUSD_zoom=1597707454070.3516,1606659840000

>>28516288
i fucking hate ethereum at the moment
can only transfer large amounts - want to convert 200 grt to eth, the fucking fees were more than the value! fucking PIECE OF SHIT
fuck sake so sick of being poor

>>28516489
Yes I’m sure there’s no complaints about eths fees being high. Surely no one has solved this has to be fake

>>28516288
How does ADA have almost the same volume as ETH with no apps running on it?
Fake volume is fake

>>28516288
Guys. I moved $20k for $150. That’s worth it to me. Only poorfags believe these fees will cripple the network. Or maybe it’s just the degenerate day traders who want to brag about +5% gains on poorfag level trades while failing to set aside any money for taxes.

>>28516640
All those street shitters are moving to Binance Smart Chain, not cardano. No one uses cardano

>>28516288
This is bullish for ETH you retrads, the fact that people are willing to pay these high gas costs shows that people value using ETH far more than lower cost chains.

>>28516665
You know not all volume comes from dapps right anon?

>>28516834
They are because there isn’t a better solution until Goguen comes out in literal days. Not hard to understand

>>28516888
LMFAO OK RETARD

look at tx value--oh look it's charles spamming a million $.01 txs to look like people are using his tranny zombie chain

>>28516888
Of course, but ETH has very high volume because of dapps
Where is all of ADA's volume coming from? It doesn't get $14B in trading volume

>>28516574
https://messari.io/screener/most-active-chains-DB01F96B

>>28516288
>>28516888
>>28516999
Holy checked Cardano magic is real

>>28516288
Does Eth do anything Ada doesn’t?

>>28516288
ADA transactions are nothing compared to the convoluted smart contracts running on ethereum.

Yeah I own neither of these pieces of shit and these Cardano volume stats are clearly fake as fuck

>>28517261
Makes people poor

in 10 years ADA might go to $10
ETH is going to $50,000 EoY

Cardano can only compare itself to ETH1.0 because literally every other project smokes it. 4 years in the making and nothing to show for it.

>>28517135
exactly it's 0 value bullshit being spammed back and forth LMFAO use your brain retard
this is page 1 of the ETH killer playbook
"omg guys look at all these transactons of vecahin tons of corporations are using it!!!!!!!!"

>>28517261
Have functional products people are actually using every day.

>>28516630
check out honey swap and xdai

A lot of coping going on in this thread by mETH heads with little to no understanding on what they own and what's in the market

>>28517261
It has dapps with real users and real devs
Cardano has a whitepaper and a ton of bagholding shills that are STILL underwater from 2017

Nothing more desperate than people crying “FAKE” as the token they hold disappears into irrelevance

>>28517518
>a whitepaper
94, many of which are peer reviewed
>and a ton of bagholding shills
70% are staking those bags. Can't speak for others, but DCA'ing put me more than 10x in the green, in total

>>28517137
Check em

The problems of the low fees chains is that who help to run them doesn't get so much profit, so low frofit=low coin price, even if the transactions where 100 B they would earn only 30k in fees? Is a joke, instead eth is already a multimilion business and this is reflected in the price of the coin. See btc, if mining wasn't so expensive it wouldn't be worth so much.

Ok but does it actually exist? Can you actually develop an app on it right now?

>>28518373
>omg guys it's peer reviewed cardano is FUCKING AWESOME REEEEEEEEE

amazing how avax faggots talked all the same shit when they had no product out to criticize and then predictably their shit bricked on launch

it's so easy to claim your product is great and revolutionary when it's literally vaporware, release something before talking shit

>tfw bought 1k cardano at 98c and it’s been sputtering at 88-90 for two days
This shit better 1,000x soon or I am sexually and financially ruined

>>28518843
Yeah but how much does it cost them to help run them. Operating costs are way lower / almost non existent.

>>28519131
Buy more if you want to ever touch a female before dying

>>28519131
>buying the top
Are you new here or a seasoned vet? I can't tell

>>28516747
I moved $21k for 15cent. Confirmed in 8 seconds. Superior tech. Ethereum 2.0 is vaporware.

Yeah it's quick and cheap, but can it beat PRT? Probably not.

>>28518843
Pretty sure there are more incentives mechanism built into ADA node operators.

>>28516288
This reflects how little people understand crypto. Volume of money transacted =/= volume of transactions; it's the latter that bogs down networks and drives up fees. There is zero reason large cardano holders who have a vested interest in making the network look active can't just bounce around many millions of dollars in a handful of individual transactions a bunch of times to bump up on-chain activity. And as you point out, not much was paid in fees so it obviously would've been cheap. On the other hand, ETH is bogged down by the volume of individual smaller transactions from a huge DAPP ecosystem. It's bulk of individual transactions on Ethereum that fills up blocks and drives fees up. wtf is on Cardano that justifies this volume of money? The answer is nothing.

Show us the stats on volume of individual transactions and then we're getting somewhere

>>28518843
High transaction fees will lower your transactions over time and price people out. Low transaction fees in a market like this would encourage mass trading. Don't forget (and I'm not claiming who or what will replace it) Eth was in the position to have the money/apps before the fees got bonkers bad. It's only now they are starting to feel pressure at all.

>>28519486
Is PRT as decentralized as Cardano? Probably not. If I wanted a coin with half a dozen nodes that's fast I would just buy a shitcoin like Nano. The whole point of crypto is that it can't be touched by governments or institutions.

>>28516288
ETH having high fees is actually bullish dumbass.

>>28519988
KeK'd and saved. That big iceberg was bullish for the titanic too right Anon?

>>28516288
Headline:
Cardano has over 100 commercial projects in the pipeline, says Hoskinson
>A recent development on this front included SingularityNET announcing that it would create a billion new AGI tokens on the Cardano blockchain.
>According to IOHK, this will be the first major token release on the Cardano Native Assets platform and is “the largest democratic exercise in the history of decentralized AI”
>These interested parties aren’t limited to DeFi protocols and crypto projects exclusively, as Hoskinson also went on to state,
>“We have Fortune 500 interest and we have government interest”
>Despite the $1 price mark for ADA approaching, the cryptocurrency is still yet to be listed on exchanges like Coinbase and Gemini. It is also not presently supported by PayPal or included in Bitwise’s Crypto Index.
https://ambcrypto.com/cardano-has-over-100-commercial-projects-in-the-pipeline-says-hoskinson/

>>28520287
the iceberg isn't a function of demand for the titantic you fucking retard

>>28519556
Hope so, I haven't looked too much into ADA so I don't know, but even if paying few cents to do big transactions si really good and should be the standard, since paying 150 in gas fees sucks, but my point it that if you take for example the real world a luxury brand like gucci, needs to sell only 1 shirt and make the same profit of 10 shirts of normie H&M, so who use mostly ETH are people with big bucks that don't have problems to pay for it, instead a normie would go to binance to trade shitcoins, and even if ADA gets really adopted, the "brand value" of the coin will still be low compared to ETH since is a "normie brand" like H&M and not a luxury one. Just my shit opinion on this

>>28516288
Imagine actually thinking that the volume of ADA transactions is anywhere close to ETH. Imagine ACTUALLY thinking that

>>28516288
Who the fuck is using ADA? No way it has volume even close to ETH.

howw do i get cardano

>>28519836
I agree with you, as soon as the big whales will be sick of it there will be a mass flooding out of eth if they don't solve the problems, but I don't think that the price of the coin will change so much in a short time

>>28516288
Headline:
SingularityNET initiates Phase 2 of migration to Cardano
>SingularityNET, a decentralized platform for AI apps, is in the news today after its most significant democratic vote came to an end, with CEO Dr. Ben Goertzel announcing the results on YouTube. The aforementioned vote took place after a phase two proposal was put forth to the AGI token holding community to determine a number of things, including,
>A shift from Ethereum to Cardano in order to achieve new network functionalities
>SingularityNET Layer 2 networks with the aim of driving massive token utilization
>Launching a stream of New AGI-ADA tokens to drive trillions of AI API Calls
>Moving further toward decentralized governance
>Expanding on what the community vote on the proposal would entail, Goertzel went on to say that the shift from Ethereum to Cardano wouldn’t mean that AGI ERC-20 tokens are being replaced. Instead, a new AGI-ADA token would be created on the Cardano platform to “go along with it.”
>“It’s just a technically superior blockchain platform. We really felt this was the best way to work toward our mission of beneficial decentralized general intelligence.”
https://ambcrypto.com/singularitynet-initiates-phase-2-of-migration-to-cardano/

>>28520884
You buy it with money

>>28516747
Guy. a $200 swap costs $140 in fees, earlier today i managed to see preview swap for $75, only for the transaction to fail
if 20k transactions cost as much as 200, then its shitty

>>28521197
from where

>>28516288
Ada is a piece of garbage, Terra flips it easy.

>>28521383
A cryptocurrency exchange

Does ADA have LINK or PNK? No? Then I don't care.

>>28520932
Very reasonable assessment. I agree 100%

>>28521454
such as?

>>28519047
>he doesn't know

>>28521707
Kraken

>>28521962
thanks

>>28516288
can I use cardano with meta mask if so, post rpc link if not, dropped

>>28521707
Kraken has it. Binance. BinanceUS if you are a burger.

>>28516288Let's be realistic...

How many developers does Cardano have to implement your road map? ETH has 7k. DOT has less but still hundreds more than even Cardano.

1. ETH 2.0 is only 2 years out at most. Cardano 3 to 5. Why so long? See point 1.

2. Partnerships? You mean like Visa, JP Morgan, Intel, and Microsoft. What partnerships does Cardano have? Serious question.

3. Institutional backing? Novagratz, Raoul Pol and there's another really big one that I can't recall are in ETH corner... So with that said how many big institutions are getting behind Cardano? Serious question.

4. ETH has an astounding ecco system rebuilding finance from lending, borrowing, to collateralized loans and soon derivatives which is a $1.4 Quadrillion dollar market. It's the biggest and dwarfs the second largest by magnitude, it's real estate. So with that said what type of ecco system will Cardano have in 2 years? Remember it took ETH 5 to get where it is now and developers are hard to comeby and when they do come the build on the alpha chain, ETH. Are you saying cardano will do it in two years to usurp ETH's De Fi ecco system?

I've been in the space for years. I've seen many eth killers come and go... Neo, Nano, Tron, EOS, Tezos... and the list goes on... Network affects the size of the Ethereum's ecco system is growing and the only thing you can say is, "It's pipe is clogged..." when let's be frank, the plumber is at the door...

I'm starting to see the cognitive dissonance grow and expand in the Cardano community just as it had in the XRP community and that's not sustainable... As a matter of fact after this bull run I can assure you that ADA will never rise again as the other ETH killers never did. This is just a dispassionate phenomena of markets. Nothing more so don't be upset as ETH gains more alpha year after year and Cardano doesn't.

>>28522372
L2s are coming too to ETH
Matic already has a working product and all the ETH maxis will use them instead of cardano

>>28522372
cant agree more. fantastic writing. fuck these ada fuck heads thinking they are special, we have seen this before

Actually Algorand

>>28522372
TFW buying Cardano to make a quick buck on the back of delusional ADA worshipers to buy more Ethereum.
I’m swinging ADA to stack Gwei.

>>28516288
Headline:
DNATags(TM) To Convert Ethereum Solidity-based Smart Contract To Cardano's Goguen Smart Contracts
>HO CHI MINH CITY, VIETNAM / ACCESSWIRE / February 8, 2021 / DNA Brands Inc. (OTC PINK:DNAX) and Santo Mining Corp. dba Santo Blockchain Labs (OTC PINK:SANP) owners and developers of DNATags™, today announces that DNATags™ will be converting its Ethereum Solidity-based Smart Contract to the Cardano Goguen Smart Contract. Santo Blockchain Labs has been developing and deploying Ethereum Solidity Smart Contracts for over 4 years now, with experience in ERC-20, ERC-721, ERC-1155 & ERC1450. The company has evaluated the long-term economics and technology benefits and has determined to move all its blockchain projects from an Ethereum to the Cardano Goguen. Unlike Ethereum, Cardano uses a mechanism that handles the tokenization natively on the ledger instead of via smart contracts, making all tokens in the Cardano blockchain follow the same logic and be inherently supported, instead of requiring the creation of layers as is the case of ERC-20 and ERC-721 tokens. This will ensures scalability, performance, and reduces transaction costs; also known as GAS Fees in the Ethereum world which lately are extraordinarily high and slowing down the transactions on the Ethereum network.
>DNATags™ prime directive is the authentication of products to ensure the consumer of its authenticity, there is a secondary component that will be the coupon rewards module. Users will have the ability to earn DNARewards™ native tokens as they scan products to ensure their authenticity. These DNARewards™ will interexchange with other coupon rewards systems or can be converted to the native Cardano, ADA cryptocurrency.
https://finance.yahoo.com/news/dnatags-tm-convert-ethereum-solidity-140500242.html

>>28516747
Dumb fuck doesn't realise a cheaper way to do the same thing is vastly superior.

Are transactions always this slow or is Binance fucking me in the ass?

>>28522372
>>28522784
>>28522818
>>28523164
You guys remember to wear your unicorn T-shirts today?

>>28523212
literal who company?
when uniswap switches i'll start worrying

>>28516288
Fees are so low because no one is actually using this piece of shit, if you buy this you deserve to lose your money to charles, don't say we didn't warn you

>>28522372
You're literally about to get BTFO in mere hours lmao

>>28523358
Yes, Binance a shit. Use Kraken
>>28523424
Celsius Network is close to confirmed.

>>28523413
i do dev shit and literally all the projects are moving to matic. why? it's been working since june 2020 and it's an exact copy of eth.

>>28516288
yeah right.
The thing is, ETH2 demolishes cardanno into oblivion

>>28521837
>after being reckt the shill reverts to vague statements
put up or shut up

>>28516288
What uses Cardano for $14.83B in transactions?
I know what uses Ethereum ... smartcontracts, DeFi, ERC Tokens, etc.
But what is using Cardano right now?
And is it actually to the same scale as Ethereum? How come everything we ever talk about is running on Ethereum, but you're saying there's this whole other network, that's almost as big $$, but we don't ever hear about all the huge projects that are using it?

>>28517361
Getting scared ethfag?

>>28516288
Algo fees:

$algo paid you to transfer

BTFO every other cryptofag. Buy ALGO. ADA is top tier shitcoin and I wish I didnt hold a lot.

>>28523697
I'll make it easier for you:
Shelley
Mary
HFC
>put up or shut up
>it's so easy to claim your product is great and revolutionary when it's literally vaporware, release something before talking shit
>this statement is true

>>28523646
Eth2 doesnt exist yet but based on it's specs when it does exist it definitely doesn't demolish Cardano by any means. They still haven't fixed scaling in ETH2

>>28523424
Click on the 6 month chart. They are winners and they are ascending. They had the vision now they will be successful.
https://finance.yahoo.com/quote/SANP/

>>28524197
>muh specs

fucking christ i hate bull markets. the only spec that matters is onchain liquidity. Let me know when ADA has 10 dapp worths billions. Fuck, let me know when it has 1 dapp, much less anything original built on it LMFAO.

ADA bagholders are literally too retard to even start getting it

>>28517361
ur mum is 0 value

>>28524439
You haven't been paying attention to this thread have you, once Goguen launches half the market disappears into irrelevance

>>28524197
>1k staking pools vs 86.6k validators on eth2 right now.
Cardano is literally DPoS, of course it can do more TPS

>>28516288
>This literally kills Ethereum
In response Cardano dumps, Eth heads for $1900.

>>28520546
High fees are a function of everyone already being into the system and not having an alterative. Hurr Durr people standing in bread lines means the bread is delicious

>>28524792
1609 now

>>28525080
It's still DPoS
Doesn't change my argument in any way.

A little birdie told me something big's happening tonight

>>28517361
eth fucking sucks dude

>>28523424
Charles recently talked about seeing if he could copy Uniswap and get it to run on Cardano, just to see how hard it would be.

>>28523424
Also having a good month
https://finance.yahoo.com/quote/DNAX/
Both of these companies are doing well and will continue to do well because of their foresight and ability to see what's coming down the line. As was said here
>>28521130
>“It’s just a technically superior blockchain platform. We really felt this was the best way to work toward our mission of beneficial decentralized general intelligence.”

>>28516288
NEVER. FUCKING. SELLING.

>>28525757
For him I'm guessing not that hard

>>28525254
What's with the bird stuff? He always mentions birds.

>>28524974
That's a fair point, I am one of those people. And like I pointed out, I t ried AVAX. AVAX shilled told me it was a groundbreaking consensus mechanism and miles ahead of ETH..... that 1 tx has taken 3 days so far, so now, I don't baghold ADA and I don't take anon retailer's word for it that it's ACTUALLY going to change the world.

ONce it goes live, secures billions, and has DAPPS I want and use I will give it a try, but I certainly do not think by any measure of the imagination it's undervalued at a $30 billion dollar cap with none of the above. It is litreally vaporware.