Some insight on ADA coin/Cardano

[Mrnat]

Is this coin mineable?
Interesting that despite so many altcoin now on the market dozens of new ones surge,
Why the MAX Units so high btw?

[1713574423]

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[1713574423]

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[1713574423]

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[ScoreB]

Some newbie insights: Well, ok, for a coin with such a high market cap this coin has a whole lot of question marks floating around it.. not to mention the dubious articles on it's founder as you dig into it..

That said, even if it is dubious, question is if the coin is a good or bad investment as of this moment..

As a long term solid investment I wouldn't gamble it, but if you're on a hunch for a quick profit, who knows..

[charleshoskinson]

Some newbie insights: Well, ok, for a coin with such a high market cap this coin has a whole lot of question marks floating around it.. not to mention the dubious articles on it's founder as you dig into it..

That said, even if it is dubious, question is if the coin is a good or bad investment as of this moment..

As a long term solid investment I wouldn't gamble it, but if you're on a hunch for a quick profit, who knows..

Standard tactic. Charles is a shady dude. He murders puppies and pollutes the rivers = Dubious project. Notice he didn't mention the whitepaper https://whycardano.com/ the research papers https://www.cardanohub.org/en/academic-papers/ the dedicated research centers http://www.businessinsider.com/iohk-sponsors-blockchain-research-lab-at-the-university-of-edinburgh-tokyo-tech-2017-2 the code with over 11,000 commits in haskell https://github.com/input-output-hk/cardano-sl the successful peer review https://www.forbes.com/sites/amycastor/2017/08/23/at-crypto-2017-blockchain-presentations-focus-on-proofs-not-concepts/#44f468ba7b70 the team https://iohk.io/team/#cardano or pretty much anything else that's positive.

It's basically project destruction by character assassination. This is why the mainstream can't get into crypto. It's a series of toxic clubs that try to destroy each other when they disagree.

[ScoreB]

Some newbie insights: Well, ok, for a coin with such a high market cap this coin has a whole lot of question marks floating around it.. not to mention the dubious articles on it's founder as you dig into it..

That said, even if it is dubious, question is if the coin is a good or bad investment as of this moment..

As a long term solid investment I wouldn't gamble it, but if you're on a hunch for a quick profit, who knows..

Standard tactic. Charles is a shady dude. He murders puppies and pollutes the rivers = Dubious project. Notice he didn't mention the whitepaper https://whycardano.com/ the research papers https://www.cardanohub.org/en/academic-papers/ the dedicated research centers http://www.businessinsider.com/iohk-sponsors-blockchain-research-lab-at-the-university-of-edinburgh-tokyo-tech-2017-2 the code with over 11,000 commits in haskell https://github.com/input-output-hk/cardano-sl the successful peer review https://www.forbes.com/sites/amycastor/2017/08/23/at-crypto-2017-blockchain-presentations-focus-on-proofs-not-concepts/#44f468ba7b70 the team https://iohk.io/team/#cardano or pretty much anything else that's positive.

It's basically project destruction by character assassination. This is why the mainstream can't get into crypto. It's a series of toxic clubs that try to destroy each other when they disagree.

I guess it's fair critique I didn't mention those positives, which I agree they are. It's not that I didn't look at them and it may well be that they prove to be a valid and strong foundation for Cardano and the ADA coin.

That said, I did state I was just spilling some newbie thoughts.. given the amount of negative news regarding crypto-scams, of which we cannot deny there are a lot floating around, I feel it is only healthy to be on high guard. So, if a new coin pops up with a major market cap I don't feel it's unhealthy to be skeptical about it: guilty till proven innocence rather then the other way around. It's not how I like it to be but I perceive it necessary in crypto land.

Reason crypto isn't mainstream in my eyes is because on regular markets there are a lot of regulations and government-oversight that to some extend protects it's users. Simultaneously though those same regulations form a sometimes suffocating grip on things, forcing a status quo when we in fact would like to see a natural evolution of things. Crypto at the moment still offers that freedom, but that also means it lacks the regular protections.

My post probably sounded a bit more negative then I meant it. When I said I wouldn't gamble on it I meant 'as of this moment'. Still feel that way though. Might be a lack of insight or understanding, once again I'm just a newbie here so people should judge for themselves if they consider my thoughts shortsighted or not.

I do indeed like the Haskell approach on Github and the stated motivations behind the entire project at https://whycardano.com/, so if my early musings prove shortsighted I'll be the first to admit when the time comes..

I'll state it one more time so it's clear: I am just stating some newbie hunches here, not an expert overview. If you are thinking about investing in this coin: do your own research and draw your own conclusions.

[ScoreB]

An article on Cardano by Trustnodes for who's interested in a more thoroughly researched opinion then mine: http://www.trustnodes.com/2017/10/02/cardano-eyes-ethereum-smart-contracts-grabs-half-billion-market-cap

[boulard83]

Just go in ! Following this project.

[JohnCardano]

Is this coin mineable?
Interesting that despite so many altcoin now on the market dozens of new ones surge,
Why the MAX Units so high btw?

Cardano operates on a proof of stake model, using Ouroboros, the first provably secure proof of stake protocol yet written. You can read this and the other academic peer reviewed papers behind Cardano at https://www.cardanohub.org/en/academic-papers/

[wireless474]

I'll invest a bit and see where this goes.   

[exitos]

I'll invest a bit and see where this goes.   

i guess you'll have to wait

[KRAUSS]

Can somebody of you guys, explain in couple of words, what is th Cardano?? I mean what the sense of this project? Ethereum is smart contracts, IOTA is for IOT world, Monero and Zcash is for security. Why does world need Cardano?

[cylon96113]

This is the most documented blockchain project around.... With serious team .... Far better than copycats, forks, etc traded for 1$-500$ each, that only serve pump & dump schemes.

No standard qt wallet (standard qt wallet = no serious dev team) 

They have weekly project status reports, and a transparency report regarding the ICO. If someone sees it, realizes that there is no centralization of funds (coins are quite well distributed - no wallets containing big amounts etc).

Not to mention the transaction speed. Transfered from Bittrex and under 10 seconds, the funds were in the wallet.

[wireless474]

I'll invest a bit and see where this goes.   

i guess you'll have to wait

I don't really understand this statement. What am I waiting for?

[martismartis]

https://medium.com/@lyaffe/about-cardano-and-pos-28ee5677e4c3

[tondalink]

How to mine this coin please help

[Mrnat]

I read in  a german Article they try to build a dialoque between the Crypto community and the feds. As we all know, until now the feds around the world rather tried to destroy cryptocurrencies than come up with diplomatic efforts. I understand Cryptocurrencies to be a hedge to the mainstream economy by design, due to it's decentralized nature. I don t believe a marriage ( or menage a trois)between mainstream economy and the crypto markets  and feds are going to end well. But little do i know i am just a noob.

Can you link that article where is says that, very interesting...

[mapt]

How to mine this coin please help

Will there be mining? Pools?

[mR.k0fka]

I think that this project is great, i dont care what is the price and what is the marketcap now, because it wont be less . .only more
japanease people wont sell their stuff, they know that the product is great

[Ben271286]

Anybody here with a working wallet? I synched the time, running the .bat file...nothing...still connecting to network the whole time..even switched off firewall and antivirus...thanks!

[sockergris]

The wallet really needs updating. I can't connect either.

[charleshoskinson]

Try daedaluswallet.io/faq and submit your logs