today right now may 10th 2022 there are more people using cardano than ever before
there are more transactions on cardone than ever before more smart contracts on cardano than ever
before more nfts on cardano than ever before more daps under construction than ever before next
month the fossil heart fork is on schedule which will bring the greatest performance improvement
ever in the history of cardona alongside numerous new features for dap development
this is just one of many events that are going to occur over the next 12 months in addition to that
things that built entire ecosystems like algorithmically generated stable coins we have
jed coming it's already on test net much better design i'd argue than most and it's a testimony to
the hybridization of formal methods peer review and good engineering practices and principles
again basic principles if you're building something for everyone and you're building
something to last build it well even if it takes a little bit more money and a little bit more time
again and again i've always said that it's not going to be first to market it's going
to be best to market and those who exhibit stability and resilience in the bad times that
survive that's why today we're stronger than we've ever been in the history of the project
more people than we've ever had in the history of the project yet that will not be reflected
in the media the prices or the current atmosphere because it's one of fear greed and it's one that
doesn't seem to care about basic principles but here's the thing the fair weather people
in all those cycles they get drowned out and the people who stay behind are the people are here
for the long term and our community in my view is the best because they get it
they've gotten it from the very beginning we have to do better we have to leave behind something
to those who come after us which was better than what we found as augustus caesar said he
found his city and granite left it marble and we want to do the same welcome back everybody
to altcoin daily where you subscribe for daily videos on everything going on in crypto
smash the like button if you hold cardano in this video i'm going to clue you in on the current
state of cardano particularly cardano over the next 12 months first let's address the current
state of the market cryptocurrency is currently going through a mass capitulation black swan event
the likes of which 2021 and 2022 crypto participants have never seen if you are
newer to crypto what is going on right now might be freaking you out you might be thinking about
giving up on crypto if this is you it's important that you don't tune out tune in watch this
whole video and learn from og's like myself like charles hoskinson what is going on in crypto today
many of us have seen things like this happen in crypto before how long have you been in the space
you know i've been in this space for almost a decade now and i remember bitcoin before it was
a dollar and then going up to 30 then down to four then to 250 then to 80 then to 1200
then down to 250 again uh then up to 20 000 then down to 4 000 then the 64 000 and now we're in
the 30s and i remember all the events the collapse of silk road the collapse of mount cox um all the
various interesting ventures throughout the years like mastercoin and color coins and a litany of
other things and concerns uh and no matter where i go what i do it's it always amazes me that
there's this constant rhyming of the attitude so the old guards nothing phases us anymore
you know we've seen everything twice just to make sure we didn't miss anything the new people the
minute that something occurs uh like for example the collapse of a stable coin or the collapse of
bit connect or these types of things then they say oh my god this is the end of crypto everything is
over oh and we're all going to die the markets are over the dream is gone cryptocurrency is not over
yes there's fear uncertainty doubt in the crypto market right now but this will pass this is an
opportunity it's important to understand however how crypto is different from traditional finance
and even more importantly to understand not every crypto project is created equal
some give users more control some give users less control look for projects that put you
in control quality projects will prevail projects that are able to scale decentralize
gain usership and put you in control will win right now decisions are being made
in this industry and abroad about whether you're in control or someone else is in control
the entire point of the papers we've written the code we've written the ecosystem we built
is to preserve the basic principle that you're in control not someone else
that's why mithril was created that's why we wrote auroboris the way that we did there's plenty of
ways to make things artificially fast as long as you trust a third party server there's plenty of
ways to make things settle as fast as you can imagine look at the conventional banking system
or visa or mastercard they certainly run very quickly and they certainly process billions of
global transactions but to do this at scale in a completely decentralized ever decentralizing way
meaning tomorrow it's more decentralized than today is a hard thing requiring new research
and development which is why we invested the time to write the papers that we wrote
it's why we invested the time to apply formal methods to those papers it's why we invested the
time to measure twice cut once whereas others did not chasing games for their vc masters
this is the difference and it's a time for choosing the institutional people have
already chosen their fate they're playing musical chairs with a global economy which will collapse
it cannot sustain itself if something like a conflict a war can break the globe if people
use the convenient boogie man of the week to excuse inflation or recession when they cannot
possibly be intellectually honest that printing trillions of dollars every year out of thin air
is not going to have ramifications and consequences if the warfare state needs to
increase and continue empire needs to increase and continue for all of our standards to be the same
meanwhile our environment is being devastated meanwhile standards of living are going down
despite the fact that technology social progress and education are improving never has there been
a time in human history where we have gained so much from the laborers of those who came before
us yet our systems are so inadequate to harness what we've gained and never has there been a time
in human history where we have been so blind to the long-term consequences of what we're doing
we're due for a systems change and the institutions aren't going to do that for
us they're going to go down with the thinking ship because they simply have no other choice
the point of crypto currencies and blockchain technology has always been a different option
than the dystopian future that's being offered to us where we own nothing and we'll be happy
the point is we get our freedom back our liberty back that is what we are seeking but wait a minute
cardano doesn't have the connections nor the funding like ethereum solana or like a terra does
there's no vcs in cardano there's no vc money in cardano i hear people say oh there's no vcs in
cardona well actually we have one of the largest around what is catalyst 700 million dollars
ready to go deployed in a responsible manner through funds you control the community and
every single time a voting round happens we see more participation we see more voting
and many of the great projects from nami on down receive funding from catalyst to get started
it's what keeps great companies like dc spark in our ecosystem and gives them the lifeblood
that they need for fint and milkhammada and other things and that's just the beginning
that's going to grow especially as the voting centers come online participation increases
we will see thousands of projects launched in the long term every single year just from that
and here's the difference unlike the vcs of silicon valley and elsewhere that are chasing
manipulation bad tokenomics insider distributions this is the people's money doesn't need these
things so the things that come from it are fair they're not sexy they don't get love in the media
because no one gets paid in that respect but in the end they build a decentralized economy
i'm excited for the future of cardano cardano continues to build to integrate gain usership
they continue to get bigger and more robust cardano has a whole army behind it now subscribe
to our channel altcoindaily if you want daily crypto updates just like this and now finally
listen to charles hoskinson's parting thoughts to the cardano and greater crypto community
listen to this see you tomorrow my friends the difference between the days in the past and today
is we got an army now there are three and a half million people in this ecosystem and you
know what not too distant future we're going to wake up and that's going to be
over 10 and not too distant future we're going to wake up and that's going to be over a hundred
why not technology will be better we'll be more decentralized many new actors will be in the space
and we keep doing more and more and more of the world economy can run on our system
it's inevitable in that respect that is where we're going that is what we're doing that's the
point of the things if you can't see that then you have to ask yourself what is really important to
you what matters to you what's the point of all of this don't you see the train wreck that's coming
don't you see where the world is going and shouldn't we do better if we can do better
or not maybe not it's ultimately your choice you still get to make one
there will come a day if you make no choice that you don't let's pray that that day never comes
we're gonna keep working keep writing the code every day
we're still number one for github commits we still have tons of great publications coming out
everything is going according to plan and schedule hydra is coming along mithril is
coming along the light wallet strategy is coming along catalyst is growing side chains are coming
pipelining is basically on the test net ready to go can't wait for fossil june 29th
and that'll just be a day and then off to the next day things like input endorsers and many many
more things to come that's cardinal that's the ecosystem we're building that's where we come from