mjnaus

I feel that Cardano is extremely overpriced at the moment. One could easily argue that the launch of their smart contracts is already currently priced in which could mean the actual launch, if that actually ever happens, would have a large effect on the price. But even if it does, Cardano might be a nice trade to make some money but the fundamentals are still way way behind Ethereum. Block demand of Cardano is currently essentially non-existent. Whether that changes with the launch of smart contracts remains to be seen. I feel that Ethereum L2’s will end up taking the cake… But time will tell :)

Assuming one has the technical knowledge, time and capital to launch a new blockchain, launching a blockchain could be considered “easy”. However, finding demand for the blockspace is a completely different matter. Finding users is hard, very hard. If we’d assume full blocks to be an indication for blockspace demand, there are currently only two chains that have considered product-market fit; Bitcoin and Ethereum since these are the only two chains that have persistent full blocks.

With the combination of EIP1559 and the Eth2.0/PoS merge early next year, ETH is looking like a winner. Also liking the bluechip DeFi tokens from platforms like Aave, Curve, Uniswap, Yearn etc. as these seem to have taken a backseat with all the NFT mania happening right now. With more Ethereum L2's coming to life, these tokens are looking promising at the moment. Also liking LINK, as this seems to be turning into the dominant oracle solution.

Hoorah, finally something we can agree on. That just made my day ????

Ah ok, all good ???? Don't feel too bad though; as this thread has clearly demonstrated, having clue with regards to crypto is not a precursor for participating ????

Alright bud; I am tapping out... Agree to disagree I guess, since having a discussion based on substance is clearly not happening.

What exactly are you looking to translate?

You'd think I'd know better at this point ????

Sigh.... there's no getting through to you, is there? They're KRW stablecoins. Again, let me explain this as simple as I can possibly make it: the Chai payment network is a crypto payment network, all crypto, no fiat, using KRW based stable coins. Blockchain technology used to settle transactions in KRW based stable coins, not KRW fiat. You honestly do not understand the difference? And although I love myself some Bacon Lettuce and Tomato sandwiches, I honestly don't see what BLT's have to do with any of this?

Lol, I am not even going to pull that thread. Please feel free to continue telling yourself that instant settlement does not matter and that the whole world is perfectly fine waiting days on transactions to be settled. South Korean crypto project achieving adoption A few excerpts from the article: "A payments platform known as ‘Chai’ is allowing around 2.2 million users to transact the Korean Won stablecoin (KRT) with thousands of merchants, including Nike Korea. ", "Most of the consumers would not even know they’re using blockchain technology, nor do they need to know. " Furthermore, the block explorer for the Chai payment network indicates the following transactions stats: - daily payment volume (in KRW): 2,119,256,324 - daily active users: 61,526 - daily transactions: 107,736 - total users (in South Korea): 2,479,000 These are all data points for the Chai payment network, used by millions of South Koreans, to pay for groceries, fuel, etc. All transactions take place in KRW based stable coins. Other on chain metrics indicate that a large portion of the transacted stable coins are NOT converted to fiat KRW; ie users keep their crypto KRW since they're able to use these a rapidly growing number of merchants. Now, let's see what mental gymnastics you'll be pulling to dismiss this as fake, PR nonsense, or whatever.

This statement alone shows how truly ignorant you are. You claim to be some financial "expert", yet you can't see the massive, massive benefits from achieving settlement in seconds instead of days? You still expect anyone here to have a serious discussion with you about finance and crypto?

You can be considered an "idiot" by saying dumb stuff as well... Just saying.