Connect with us

Cardano

Charles Hoskinson and Cardano (ADA) In The Business of Protecting

Published

on

The community keeps responding with a mix of optimism and toxicity to the recent Charles Hoskinson Update.  However, it is very obvious that Charles is very clear about the destiny of the project.  Negativity never burns Charles. He has already outgrown it.

Community response:  I don’t trust Charles or Cardano to deliver on quality. Guys cares more about academic prestige than actually delivering on the DeFi ecosystem or providing a functional network. All hype, which will forever be catching up to expectations.

So when your house is on fire, you’d rather have police officers show up to put out the flames. Got it. They’re obviously in the business of protecting, but they don’t quite have the right tools for the job. Building things right the first time takes time.

Advertisement

Building things right does take time. Building things for the right reasons is exactly why Buterin kicked Charles out of Ethereum’s non-profit vision. You’re right, but observe how Charles (the person) spends his money on vanity projects for Carnegie Mellon.

Who cares what Charles (the person) spends his money on? He is not Cardano, and Cardano is not him! WE are Cardano as a unity, and damn we’re strong.

Charles, say something, let’s pump, we’re tired.

Advertisement

If you’re looking for something to pump and dump there are thousands of erc20 tokens to do so with. Leave Cardano alone and let it organically grow. That way it’s not all over the place because it’s inflated due to hype. A good currency stays the same price.

ADA is dying for those who are impatient.  Weak hands don’t deserve to be in the Cardano Ecosystem.  People are accumulating every day.

I own ADA and am a HODLER. But do you think that ADA’s price suppression is due to your openness and transparency of Cardano? It might give the impression that your tipping your hand to the competitors instead of just promoting open source and decentralization of ADA?

Advertisement

Guys, if you don’t like the ADA price ATM, you’re free to sell and leave. Just know that you’re going to regret it.

Charles your intentions may be great, but here’s the thing – in the crypto world decades happen in weeks (and you know this), what you’re trying to achieve is already in use by projects with much less market cap (FTM for ex), DOT’s all set for auctions and when eth 2.0 is out.

Charles I would like to congratulate you on how far you have taken us, but I would like to point out that the Cardano tree project is dumping our ADA donations back into the market. It would be nice if our donations are burnt. as we never intend to sell.

Advertisement

News Source

Cardano

Here’s What Cardano Founder Charles Hoskinson Wants For Christmas

Published

on

Christmas is just around the corner and Cardano founder Charles Hoskinson is already in the Christmas spirit. The founder went live on YouTube on Monday to do another surprise AMA where he answered questions from the community. As usual, Hoskinson responded to a number of questions from community members who asked about the Cardano project.

What Cardano Founder Wants For Christmas

During the AMA, Hoskinson gave a rundown of what he would like for Christmas and it was not your usual itemized list of stuff people want for Christmas. Instead, Hoskinson decided to address a pressing issue in the crypto space and that is the divide that is very much present among investors of different projects.

Advertisement

Cardano has been one of the harder hit projects when it has come to FUDs in recent times. The project had been subjected to what can be described as hateful comments all-around social media especially since its token ADA began its two-month-long decline. To this end, Hoskinson wants everyone in the crypto industry to start getting along.

“The one thing I want for Christmas is for everyone to start getting along in our industry. It’s extraordinary to me that when people are so close in philosophy and viewpoint, and in some cases technology, they can be so far apart as people. It’s extraordinary,” the founder said.

Cardano price chart from TradingView.com
ADA trending low at $1.4 | Source: ADAUSD on TradingView.com

Pushing For Better Systems Going Forward

Hoskinson also addressed the systems that have kept investors against each other for years. He said that the crypto space is where this is more prominent as other industries do not see as much hate between each other as the crypto industry.

“You don’t see this in other industries,” Hoskinson said. “You don’t see in physics or biology, or cellphone manufacturing, or whatever, pick an industry, the amount of tribalism, hate, and vitriol that our industry has for each other.”

Advertisement

The founder went on to explain that as long as people keep hating each other, there will be no way to fight the real enemy, which he identified as the legacy systems. He said this system has held down three billion people and will continue to do so. The founder also acknowledged that this will not be easy as there will always be those who try to divide others in the space.

Hoskinson explains that there will be books and podcasters saying things to divide people. Even on social media, where the majority of the vitriol will be spilled. However, it is up to everyone in the industry to take a stand and put a stop to the hate.

“That has to stop and the only way it’s going to stop is if we get better systems that are more fair. And the only way we do that, is we have to work together. So, we’ll see, 2022, whether that’s accomplished.”

News Source

Advertisement
Continue Reading

Cardano

Cardano Launches Converter Testnet for Project by AI Pioneer Behind Robot Sophia

Published

on

The AGIX ERC20 converter has been launched in testnet mode.

Holders of SingularityNET’s AGIX token can now ditch Ethereum and migrate to the Cardano blockchain.

According to a Dec. 7 announcement made by Input Output, its AGIX ERC20 converter has now launched in testnet mode.

ERC20 tokens can be converted into the new format and transferred to ‎EMURGO’s Yoroi or Input Output’s Daedalus.

SingularityNET functions as a blockchain-powered artificial intelligence marketplace that aims to enable seamless monetization of various AI services.

Its utility token was initially launched on the Ethereum blockchain under the AGI ticker. In May, it was revamped to Cardano-compatible AGIX.

SingularityNET is helmed by AI trailblazer Ben Goertzel, who is famous for working on humanoid robot Sophia while he was the chief scientist at Hong Kong-based firm Hanson Robotics.

Goertzel said that migrating to Cardano will allow the project to add new functions:

Advertisement

The importance of this port for SingularityNET and the whole blockchain and AI ecosystems cannot be overestimated – it will yield not only a far faster and more economical AI network but also a massively superior foundation for adding advanced new functions to SingularityNET and moving toward realizing our vision of decentralized AGI.

The partnership between SingularityNET and Cardano was announced last September. The AI project, however, is not completely giving up on Ethereum: its users will have to pick the preferred platform.

In September, the Cardano blockchain was integrated into Grace, the SingularityNET humanoid robot nurse that aims to disrupt eldercare.

Input Output is also working on allowing users of other blockchains to migrate their tokens to Cardano.

News Source

Advertisement
Continue Reading

Cardano

Cardano price remains trending downwards while crypto markets rebound

Published

on

  • Cardano price is paring back losses that occurred last weekend. 
  • ADA price is still trending lower in line with a very well-respected trend line.
  • Expect bulls to test and try to break $1.67, depending on the strength of the tailwinds.

Cardano (ADA) price has been declining since mid-November when its trend accelerated in the spillover from the Bitcoin flash crash. Now ADA price sees bulls returning to the scene as Cardano trades at an attractive discount. It is possible this may be a short-term reaction, however, as the downtrend is technically still in play, and buying volume will only pick up once bulls break above $1.67 to the upside.

Cardano investors sidelined as downtrend still active

Cardano price has already lost 51% of its value since the high of November when it reached $2.40. ADA would be expected to see quite some inflows from investors and buyers at the current price who may be looking to pick up some interesting cryptocurrencies at a discount. However, the uptick in buying volume is mild as traders know that the downtrend in ADA is still very much alive, with the black descending trend line acting as a reference for that trend.

ADA price will see investors start to buy back in once bulls can break above $1.67 around the intersection from the descending black trend line and a historical level that has been well respected since June. The two false breakouts on December 2 and 3 will make investors nervous, and would only see them starting to buy in when the price can consolidate above that level. That push higher will depend on whether the current tailwinds linked to the rebound in global equity markets extends.

ADA/USD daily chart

ADA/USD daily chart

ADA bulls will, therefore, be closely watching for any breaks and the behavior of price action around $1.67. Once through there, expect bulls to quickly face further resistance at $1.90, with the 200-day and 55-day Simple Moving Average merging just above that level. So, price action is facing some pretty hefty resistance.. Should current tailwinds start to fade once again, expect a quick dip back below the red ascending trendline near $1.30, and a further correction towards $1.0.

Advertisement

News Source

Continue Reading