It’s great that you guys are interested in Ada and the Cardano project! My name is John O’Connor and I am Head of Communications at the Cardano Foundation. It's a very exciting time for us right now as we publicly launched Cardano on Friday and today began trading on Bittrex. I would however like to address some posts in this thread which suggest that Cardano is a ‘scam’ and/or ‘pyramid scheme’.
Firstly please take a look at the press section of IOHK, our development partner. Multiple articles by mainstream media have been written about IOHK. To name a few, Business Insider, The FT, Forbes, Bloomberg and the Nasdaq Magazine (links to all these articles can be found on
https://iohk.io/press/). IOHK have a global team of leading scientists, academics and researchers working on the Cardano project.
Cardano’s PoS, Ouroboros stands out as the first proof of stake algorithm that is provably secure, meaning that it offers security guarantees that are mathematically proven. Ouroboros is also the first cryptographic protocol to be peer reviewed at the world's top cryptography conference, Crypto 2017. Forbes wrote an article on Ouroboros being accepted at Crypto 2017, you can read it here:
https://www.forbes.com/sites/amycastor/2017/08/23/at-crypto-2017-blockchain-presentations-focus-on-proofs-not-concepts/#35d474f67b70The project has adhered to strict compliance standards, and there is a wealth of information available under the transparency tab on the Cardano Hub website.
https://www.cardanohub.org/en/home/I invite any users who have any questions about the project to actively engage with our community channels where Cardano staff will be on hand to answer any further questions.
Regards, John O’Connor
Cardano Community Channels
Slack:
https://cardano.herokuapp.com/Facebook:
https://www.facebook.com/groups/cardanocommunityTwitter:
https://twitter.com/cardanocomReddit:
https://reddit.com/r/cardano
