Why does Cardano get so much hate? - page 2.

monineklutak

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Quote from: mindrust on May 04, 2023, 02:23:24 AM

Quote from: Why you bully me on April 10, 2023, 11:06:39 AM

I'm a fan of cardano and I think it is making great progress these past years especially last few. But in the crypto community, cardano just seems to be getting hate and also from crypto media. They do not point out the great upgrades and updates that ada is having but just seem to talk about the bad or not true.

Why do you think this happens? Cheesy

Why are you a fan of Cardano? Would you please explain it to us? If we can understand your reasoning maybe we will stop hating it. To me it is just another shitcoin with no real world use. It was supposed to be an ETH killer but nobody's using cardano for their projects. ETH is still the king there and as far as I see, Binance's own project (BNB) is the second most used platform. Where is Cardano in the picture? It doesn't even exist in the picture. People only use it for the pump&dump purposes and nothing else. Here is a chance to change my mind. Enlighten us.

Yes, it seems that as time goes by, Cardano fans are also decreasing,
it is certainly not without reason because the project itself is not clear,
compared to ETH and BNB, of course, the quality is still far away.

mindrust

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Quote from: Why you bully me on April 10, 2023, 11:06:39 AM

I'm a fan of cardano and I think it is making great progress these past years especially last few. But in the crypto community, cardano just seems to be getting hate and also from crypto media. They do not point out the great upgrades and updates that ada is having but just seem to talk about the bad or not true.

Why do you think this happens? Cheesy

Why are you a fan of Cardano? Would you please explain it to us? If we can understand your reasoning maybe we will stop hating it. To me it is just another shitcoin with no real world use. It was supposed to be an ETH killer but nobody's using cardano for their projects. ETH is still the king there and as far as I see, Binance's own project (BNB) is the second most used platform. Where is Cardano in the picture? It doesn't even exist in the picture. People only use it for the pump&dump purposes and nothing else. Here is a chance to change my mind. Enlighten us.

mich

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Reason why Cardano always get hate is the founder is very vocal with current events. Here is Charles Hoskinson talking negatively about President Biden and the new proposed crypto taxes in US.

"I'd rather be a crypto guy right now then a banker". https://www.youtube.com/watch?v=tsVMqL51Yt8

yazher

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Simply because they were expecting too much about its development for the past years and when their expectations didn't meet, they start to unlike it and move on to another project which will gonna give them assurance in terms of their investment. Cardano's competitors are huge giants companies that are consistently updating their products and developing their platforms in order to stay at the top that's why they are hard to beat unless Cardano's developers will come up with new innovative approach towards their marketing and developments.

wxa7115

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Quote from: Why you bully me on April 10, 2023, 11:06:39 AM

I'm a fan of cardano and I think it is making great progress these past years especially last few. But in the crypto community, cardano just seems to be getting hate and also from crypto media. They do not point out the great upgrades and updates that ada is having but just seem to talk about the bad or not true.

Why do you think this happens? Cheesy

A few examples of what you mean could go a long way to understand what you mean by hate, cardano like any other coin is going to have supporters and critics, and taking a look at its market cap it is obvious there are a lot of people which support it and which are willing to put their money where their mouth is.

However this does not mean the developers or the project itself is perfect, there is some fair criticism which can be directed towards them and this cannot classified as hate.

TravelMug

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Quote from: jacafbiz on April 11, 2023, 03:47:17 PM

The issue with Cardano is that it over-promised and under-delivered, If you look at the Cardano ecosystem, you can't point to any project on it that is worthwhile, no good DEX or Perp on it and when you look at AVAX, Solana, Polygon, Tron, etc even some of these new L2 they are far ahead of Cardono in terms of development. This is not what people were promised, it is a ghost chain and has a multi-billion Dollar Market-cap

But isn't it that's what the majority of projects are? Even ETH who has delayed so much of it's promised specially about the network fees and the whole staking. So there's nothing extraordinary from ADA to get the hate, (although I'm not sure what kind of hate the OP is telling us).

To each its own, I still believed that ADA is a solid project since it's inception. And I also think that it will be one of the altcoins that will still enjoy success in the future. Could hit a new all time high next bull run, just saying. The developer is still very much active and that's what makes this project one of the better investment.

Sebas.tian

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Quote from: monineklutak

Cardano is currently completely soundless, unlike in the 2021 bullrun where Cardano is predicted to be the next Ethereum,
but in bearish this time ADA is really very miserable, but if you are a fan of ADA and you haven't bought it yet,
my advise I think now is a good time to buy some ADA and hold onto it for next year.

Yes, ADA price will definitely increase higher next year to allow those that will make up their minds to invest on it, to have something good to achieve in future. Based on what is happening in the crypto market few days ago, showed that ADA will be in second position among other cryptocurrencies next year because their team are very ready to make it more active in a way it will attract more investors. I believe, something special will definitely happen this season that will make Cardano pump higher like never before to make their investors have hope of winning something big soon.

Fesatmas

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Quote from: Why you bully me on April 10, 2023, 11:06:39 AM

I'm a fan of cardano and I think it is making great progress these past years especially last few. But in the crypto community, cardano just seems to be getting hate and also from crypto media. They do not point out the great upgrades and updates that ada is having but just seem to talk about the bad or not true.

Why do you think this happens? Cheesy

I didn't follow the news about the development of cardano because maybe I also didn't see it on my social media homepage as well as Charles Hoskinson as the founder of Cardano, I didn't hear from cardano anymore after they announced the launch of their stable coin namely Djed after that I didn't look anymore, but to this day I still hold my cardano with no price improvement, I think that's why kardano gets hate from various quarters and basically doesn't provide the updates which their competitors are quite active in their development.

mich

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Well I think Cardano Founder Charles Hoskinson is a reason it gets so much hate. There is accusations of alt right views and critics calling Cardano a cult does not help it.
There is a crypto journalist Laura Shin who does not think Hoskinson is a honest man. Saying he has lied about his education qualifications https://coincodecap.com/laura-shin-accuses-cardano-founder-receives-hate-from-the-internet
I do hodl ADA so this will not make me change my mind. I think it is a good project and I am not going to listen to the fud.

LogitechMouse

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Too much hype, low to no upgrade to the project.

I guess the fact that they are very slow in terms of making some upgrades to their projects is the reason why they are being hated, but TBH I can't feel the hate on the project... or it's just because I'm not following the project that much. Cheesy

. Maybe another reason is that, they are saying that they are the "Ethereum Killer", but developing very slow, and like others said here, they are overhyping the project too much, but the progress is very slow.

Still, Cardano is one of the top tokens right now in terms of market cap, and it has been there for a very long time. It just shows that there's a huge community behind it. I'm currently holding, and staking Cardano for almost a year already, and it's always good to earn coins just by doing nothing though I'm thinking of selling it already, and purchase Ethereum.

bittraffic

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Apart from its development being slow, the price is not moving up. An investor who wants real profit in a short time will really hate this kind of project.
It could be because Charles owns a ton of ADA just as how we see XRP where Garlinghouse owned Billions of the XRP tokens. Charles struggles to convince people that he wouldn't dump his tokens.

This is also another token that is just going to be printing more of its token while not very decentralized due to the nature of it being POS.

Fundamentals Of

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Every single altcoin gets so much hate. The number 2 altcoin, Ethereum, is also getting so much hate despite the rank and the regular development update. BNB is also getting so much hate. Dogecoin, Ripple, and Solana as well. All of them get so much hate. Aside from slow development and the failure to follow roadmaps and schedules, perhaps one of the reasons why altcoins like ADA get so much hate is that there is a competition. Everybody is hitting each other so that their own altcoin will go up.

cryptoaddictchie

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Even its negative publicity its still a news and people talk baout it still show its exposure to community. Some may throw some tantrums about this project or the things they cant see on the outside but thats only people talking about it. Why not ignore those and just continue your support. Everyone has their own bet coin and tokens and thats normal that they tend to say something bad aside from their own holding to see the other side right? Anyway data and figure speaks for itself about it. Ada is on top list, so ignore potential fud cause it wont change a position for their token that simply.

Shobhikhan_007

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What do you means by hate? Only thing is I can see is ADA is not performed well as we all expect. In a last bullrun ada should be near 10-12$. But it's not. They have nice projects also and fundementally it's in good situation. But only problem is the value of ADA. Most yyoutubers promote ada by saying ada will hit 5$ in next 5 month blah blah. But it never happens. So right now people is don't care about ada. Because there are lot of new projects that are still under 1$ that can give 10-50× in next bull run. So I think it's not about hate people are now not care/invest anymore on ADA.

Captain Corporate

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I haven't seen so much "hate" towards it neither, but even if there are some people who dislike it or have any type of disregard for it, I would guess that it would be because of slow work. They have been coding every single day for over 5 years now, and they failed to build a smart contract in time. Think about it, if in 2021 they had a proper working smart contract before the bull run started, not only did it went up, but it would have stayed up in the ranks as well. But because it didn't had a proper one, they failed and even though people supported it and took it high, after failing to deliver, they let it be and it crashed. Thats a very valid reason not to support it or at least have a dislike towards it.

sheenshane

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I saw his on group FaceBook they are talking about ADA and I saw in the comment section that this project as of now that have accused of being overly focused on marketing and hyping the project rather than delivering actual results. And also this has a low-development project in which they noticed that the community or supporters only wanted to have hype, not the real use.

I don't pay much attention to this altcoin and I don't interested in why people criticized this project.
It might be another number of shitcoin that it's good to be avoided.

Psynthax

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these coin honestly like ada and matic, get shadowed so hard by some layer 2 coin that even their news regarding of the project aren't appearing anymore.
these coins in the past are being said to be ethereum killer, but it doesn't seem to be really happening, now even layer 2 are just enhancing the ethereum and helps solving the gas problem, yet these coins that said to be ethereum killer are rather stagnant, it's not that many hates ada in general but I guess it's just because so many have high expectation yet it turns out to be some normal ordinary coin, it did great job in overcoming the previous massive correction though, still it doesn't live up to many expectation, so many that have invested are getting frustated. but that's just my 2 cents alright.

Dave1

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Quote from: Why you bully me on April 10, 2023, 11:06:39 AM

I'm a fan of cardano and I think it is making great progress these past years especially last few. But in the crypto community, cardano just seems to be getting hate and also from crypto media. They do not point out the great upgrades and updates that ada is having but just seem to talk about the bad or not true.

Why do you think this happens? Cheesy

Can you share the social media post? I'm not sure what you mean by hate because I haven't seen any bad post about ADA. It's one of the solid coins, it will not be in the top 5 or top 10 in crypto market for so long without it become a good crypto to invest. And you can see it's previous historical logs, the gains and the profits that we have seen, it's huge for it's holders. So it will be just rinse and repeat, it's been down in this bear market, but for sure it will have another great uptick in price in the next bull run.

Emperor of Man

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I don't consider cardano to be a hated project. People give it some FUD here and there, just like they do with anything else. I also think that it did a lot better than the other projects in terms of price, during the past years.

The only big negative that I remember was during the 2021 bull, that they figured out there's a very fundamental bug in the project which prevents it from running smart contracts and sending transactions in each block. That was a bad one.

I dunno if they did (or will do) anything about it or not, but it was a huge disappointment to me personally. I believe it was one of the reasons why ADA didn't go higher than $3 during the bull, otherwise it could have been exploded even bigger than it did.

jacafbiz

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The issue with Cardano is that it over-promised and under-delivered, If you look at the Cardano ecosystem, you can't point to any project on it that is worthwhile, no good DEX or Perp on it and when you look at AVAX, Solana, Polygon, Tron, etc even some of these new L2 they are far ahead of Cardono in terms of development. This is not what people were promised, it is a ghost chain and has a multi-billion Dollar Market-cap

Topic: Why does Cardano get so much hate? - page 2. (Read 334 times)