How will allowing other Crypto-Currencies to utilise Cardano's Blockchain affect the price of ADA?

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21

A little sarcastic response considering you then did not proceed to answer the question i was obviously asking politely no?

I’m not valuing anyone on whether they are invested or not, i was purely curious. For someone who clearly believes they have it all worked out in their own head it’s interesting to know whether you believe in your own perceptions of the project’s future enough to actually back it with hard cash.

No but you are implying it :joy: and that’s ok, I refer back to my previous statement that no one is truly selfless. I have no shame in saying; of course i want the future earning potential of my investment to increase. That also does not imply that i am or equate to me being 100% selfish. I want the project to flourish yes and i also believe in and want the project to benefit millions of people’s lives across the world, again the two things are very closed related to one another as well.

Having studied marketing and worked in digital marketing for several years myself my feeling like many others is that a lot more could be done to spread awareness of ADA and Cardano, particularly in the Western World where at a guess 1 in 100,000 people have even ever heard of it, most likely even fewer. Before you proceed to tell me again to publish my marketing strategy and whatever else i’d kindly remind you that i’m not on IOHK/Emurgo payroll nor have i been sent ADA to invest my own time for free.

I totally agree that it would be an error to begin full scale marketing with an incomplete product or project but i do believe increased general awareness would be beneficial particularly if it’s orientated towards explaining what has already been achieved and what is to come in the future and this goes beyond simply trying to drive the price higher for investors to make returns as you well know, i’m not looking for a quick return and i don’t believe any sane person is with ADA, we’re in it for the long term.

Personally i see ‘bullshit’ flashing in the headlights for anyone that is hanging around this project ‘without any ADA Holdings’ of their own pretending that they are only investing their own time for the sake of others. So let’s cut the crap, everyone here wants the price to rise unless they haven’t bought yet, those who try to make out that they are somehow better than others because they ‘only care’ about the potential future benefits for the world and are not interested in the price are either lying to themselves and making themselves sound like snobs or already insanely rich. I’m not implying that this is you of course though, please accept my apologies if it comes across that way.

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22

Agree, but I believe that they (Cardano) tried western world, Africa is whats left to gamble with. …
Overall management/Marketing fiasco…

23

I agree with their expansion strategy to be honest in this sense, emerging crypto markets with huge problems that need solving and “Necessity is the mother of invention”. Obviously there is a lot more competition in the West with other popular currencies that have existed for longer but that does not mean abandon ship in these countries either.

I think building it up in LEDC’s and pushing towards widespread adoption in the future is the way to do it because eventually that will feed back towards Western markets through imports/exports/trading and whatever else so i have no issue with their strategy but i am curious to know how they plan to increase their profile in MEDC’s.

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They have to finish something first , which results in well packaged solid product.
My naive guess is that attracting dApp developers would be way to go, because things nowadays
rotate more around dApps than around actual coins.
I also think that cardano has strong programming/scientific base but 0 business management incentive.which may turn out to be a problem long run …

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I would say that it is the ecosystem’s responsibility to market in more of the world. They certainly could invest in extending the application space in ways that would work best an benefit various regions, but I would think eventually Dapp vendors working collaboratively would want to invest in the marketing work for the target regions.

Besides, didn’t I see a video with CH talking about sponsoring top students and sending them back to develop those markets?

Not only do parts of the Cardano roadmap need to be realized first, but the apps and services to make it operationally viable need to work with those core components.

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I’m hoping you will be pleasantly surprised by the amount of attention Cardano is getting from dApp developers by the end of the year. Also going to be interesting to see how people respond to Marlow (smart contracts for non-programmers). I also think the Emurgo buy in at Y2X digital bank will be interesting to watch as they push STOs. Cardano will be a great choice for the STO market in my opinion and that could provide the fuel for a moon launch for sure.

More on the Y2X deal:

https://bitcoinexchangeguide.com/digital-bank-y2x-secures-investment-from-cardano-venture-arm-emurgo/

More on STOs:

https://bitcoinexchangeguide.com/new-research-from-south-korea-indicates-security-token-offerings-stos-may-be-the-future/

Also just found a new article on Marlowe:

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It would appear that either I have hit a nerve, which led to the incongruent statements quoted above, or they are actually expressions of a less than congruent thought process. I begin to wonder if my personal ownership of ADA is the lens being used after all. If that is the case, I am saddened more than just a little.

These sort of communications are hard to carry on. Text is way too flat, as it carries no nuance, or emphasis that we find in verbal communication. Maybe that’s why we (Folks in general) get along so much better in verbal communication than we do in text.

I am not telling anyone to do anything. My thought here is that there is opportunity found in action. From my perspective, Cardano is a breeding ground of opportunity. Finding a pain point that can be resolved using this “utility” and building that solution is the best possible marketing we can do.

One does not market the railroad tracks, but rather the destinations along it. It’s hard to get folks to imagine those destinations by speaking about the tracks’ specifications. Consider that there are few Destinations to be Marketed in the Cardano-sphere today.

Given that the stated goal of Cardano is to build a Utility, I believe it is incumbent upon us (non-IOHK employees) to build out the solutions which solve real world issues. This part of the ecosystem is not on Cardano’s task-list, any more than one would expect the railroad track owners to build all of the destinations along the roadway.

If you listen closely you will hear the same thing said over and over.
Adoption is key to future growth (no matter what metric you use). AND Adoption is driven by Real World Solutions. That will draw in the masses.

So in the end, when I ask about marketing plans, I am really asking what are you building that is marketable? My thought is that if one wants real growth, action is required. If one wishes to see Cardano grow, the surest route to that growth is by building solutions which utilize and promote it.

And here, I will politely leave you to decide wether or not my words have been of any use. They were offered freely and worth every lovelace they cost.

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28

Please don’t mistake ‘hitting a nerve’ with someone finding an undercurrent to what you are saying and/or your tone a little condescending and deciding to reciprocate it back to you, it’s called a taste of your own medicine. You may well be as intelligent as you’re desperately attempting to make yourself sound but i don’t require verbal communications to pickup on you behaving like you are somehow better than me or anyone else here, yes i called you out for sounding like a snob, deal with it.

You can begin to wonder whatever you like mate but if you wish to try and belittle me or my opinions and then try and play it off like a clever-dick by concluding your statements with comments such as: “Again, I must say that my comments here are not intended to call into question your intentions. Please accept my apologies if it comes across that way.” then what do you expect? Do you believe your own intellect to be so vastly superior to others that they are not going to notice a carefully crafted attempt to make snide or snobby remarks followed by rhetoric which you believe disassociates you from having done so and alleviates personal culpability?

Let me explain in very simple terms, reading through the lines: It’s a bit like me writing: “I think you’re a prick” but please accept my apology if it comes across as me thinking you’re a bit of a dick.

I really have no issue with you, i have no personal connection to you so why would i? However, like i touched upon earlier; I’m not a fan of people who like to entangle a reasonably simple conversation with clouds of bullshit and metaphors; in general that just makes said person sound like they enjoy the smell of their own fill-in-the-gap and is something that frequently decelerates progress in a business environment or any environment besides poetry or fiction writing in my experience. So if any nerve was trapped it was here.

Let’s just be clear, i politely asked you if you minded being asked, you said you didn’t mind but failed to answer the ‘real’ question at hand. That’s fine, if you would prefer not to disclose that then you are of course entitled to that decision and to withhold that information. As i said before i was merely curious as to whether you have personally invested. Why was i curious? Because you have some interesting points of view and clearly strong knowledge on this project! It was thus a natural deviation for me to wonder whether someone in this position (who clearly has a good head on his shoulders) had himself invested in ADA.

It was not my intention for this topic to turn into any kind of personal discrepancy so i do genuinely apologise if you feel insulted by what i have written, i don’t wish to insult, verbally assault or upset you or anyone here for that matter but i’m just being honest with my thoughts on parts of the conversation we have shared.

Absolutely, as i have already stated before i respect your opinions and i see a lot of merit in various things you have written. It’s part of the reason why i couldn’t understand why other things you have written left a distaste in my mouth akin to that of someone sarcastically attempting to chastise me.

Kind regards!

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29

Yes, technically not off the market. People will have incentive to leave it staked, however.

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Sain$a words have merit and are very well thought out… I am not saying this just to call you a name, but, you’re being an ass here. I am a third party who is entirely neutral. Not sure what everyone else gathered from it. But yeah, maybe read what he had to say again and see if it has value. I for one am going to head on over to Marlow to see how I can add value and perhaps come up with what brings the masses to the tracks that Cardano is laying on the road. In his words, " This part of the ecosystem is not on Cardano’s task-list, any more than one would expect the railroad track owners to build all of the destinations along the roadway.

31

A lot of his words have merit i will agree with that but my personal opinion is that you may have missed the subtleties i picked up on because they were directed at me - not you.

Not looking to argue with you but i respectfully disagree and decline to reread his comments as i already have done to make sure i was not simply reading too much into things and i feel my response was justified.

One thing is for sure in life and something that is often noticeable in the workplace too; certain people/personalities will find a way to clash, even if they do not intend to - they are just incompatible (at least at times) perhaps that can provide some form of an explanation as to why this topic took an undesirable detour.

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Leave it staked as opposed to what? Leaving it unstaked, certainly. But would you be put off from buying something you wanted with your fiat just because of the interest it would gain left in a bank account? Or say you think you see a good forex move you could make, would bank interest put you off?

33

To the entire group that has been reading this, I sincerely apologize.
The amount of time it takes to read through these discussions is not trivial. Mostly because the core points and concerns of the OP can get mired in other concerns.

My mistake is that I went off on a tangent, and expressed my general dislike for these detours.AND I did that in the a direct response to Attracted2ADA. This was interpreted as a direct assault on him. Perhaps I should have been more clear and attempted to ensure that folks (and especially Attracted2ADA) understood I was making a more general statement.

Keeping an eye on Cardano and the progress is time consuming. It is unfortunate that much of the time spent is wasted on squabbles.

Anyone can see that I have not made very many forum posts. So it is natural to wonder why I decided to chime in here.

Attracted2ADA, I am sincerely sorry that I have caused this disruption in your thread. Asking a good question, and having the discussion turn into a squabble is a terrible thing to be a part of.

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34

No worries my friend, i’m sorry too - silly situation and i didn’t help by being somewhat nasty myself. You seem like a nice guy.

I will be totally honest here after about 5 or 6 successful Coinbase deposits over the past few months I’ve been through hell with them over the last 5 days. Firstly, they lost a large deposit i made, took a long time to respond and finally credit my account well over 24 hours later by which point both the Ether & ADA price had gone up so i lost value. I then made another deposit shortly after on Friday night and that went missing too, over the past 5 days i have been through the worst customer support experience i have ever encountered in my nearly 30 years on this planet thus far. They’ve often taken 12-24 hours to respond, completely ignored what I’ve written or any questions I’ve asked, only offered vague responses and actually made me repeat information to them which i had already sent multiple times. Including yesterday, i was asked to do the verification process again (i had already completed it months ago). I completed it for a second time (at which point i could see the exact same completed verification notification doubled within their verification panel). I then received an e-mail to say it was all done and i would now wait 1-3 business days for them to finally credit my account - 4 hours later and i receive another e-mail saying that i hadn’t completed the verification process at all… After more back and forth i find out they had sent me the wrong verification link and i needed to complete one holding a piece of paper with a date on it, great - then tell me that the first time. This is not the full story, it’s far worse but i really feel like I’ve been through hell and back with them and their support department is a complete joke surely run by incompetent managers meaning the shift-workers are left clueless like headless chickens and there is no continuation or handover of tickets between their rotating shifts. I now see the money is back in my bank account minus a charge-back fee… On top of this one of my main server hosts for a large community project i run suffered a catastrophic raid failure on Friday, they led me to believe everything would be restored and after waiting days i found out yesterday evening everything was in fact lost and they had also lost all recent backups. It’s fair to say I’ve been in a terrible mood since Friday because of this. It has felt like the support staff apocalypse over the last 5 days. That’s my last detour on my own topic - promise! :wink:

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35

oh my… Your issues with the exchange illustrate my point about the difficulty of “on-boarding” folks in the Crypto ecosphere. Unless and until it becomes less problematic, marketing to the world in general would be lost in the confusion of this difficult process.

I had a similar story with Kraken. Not bad folks, just very very early in the business life-cycle. This entire space has a lot of “maturation” to do. It “feels” like the ecosystem is filled with companies springing up in no time and with no support structures in place. Which is what attracts us to Cardano, as there is a serious effort put on “get it right, and build in the supports”.

I am really sorry to hear about this one-after-another set of issues that have colored your weekend so darkly. Hopefully you will find resolution on the server files lost. That is a terrible spot to be in. A community of folks counting on you, and finding that you can not recover is the worst. Been there, done that, and did not like it one bit. It hurts for a long time afterward.

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36

I have been so caught up with the situation i didn’t even consider putting two and two together in this sense. Totally correct. As far as i know it’s still largely unclear what FIAT/Crypto exchanges actually need to do to in order to fulfill compliance regulations due to a lack of clarity provided by regulatory bodies themselves? If i’m not mistaken in the last 2/3 years there have been some basic legal requirements put forward but it’s still in a rather confusing state.

Thank-you :slightly_smiling_face: Thankfully i do make my own backups but only every 3-6 months or so because the host has been without any major (and just a few minor) issues for nearly 3 years now I’ve grown too comfortable and confident in them, therefore some of the newer developments/work will be lost but at the very least not everything.

37

To return to the original question about other Crypto-currencies utilizing Cardano’s Blockchain.
RobJF & Donnybaseball have hit it out of the park (so to speak).

The value of being the utility upon which “all currencies are welcome” can not be overstated. Each and every transaction provides value. It costs actual time and dollars to build the utility. The gamble is that your utility will be utilized by the masses.

How do you attract those masses that are outside of your walls?
One approach is to draw them inside. Spend huge amounts of funds in advertising to get folks to switch to ADA.
Another approach is to tear down the walls. Spend a large amount of funds (but considerably less than the former approach) building interoperability into your system so that anyone can ride your rails.

It’s all about utility.

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38

You can’t say this too strongly. Low costs and interoperability are the best tickets to large utility and mass adoption.

And, I totally down with the concept that the user experience currently is pretty bad and the early adopters have to arm themselves with information and it is still hard going. I give Cardano great ratings in terms of the intent to deliver in these areas and hope it all works out. The space still has some time to mature since this is actually still a bit of a fringe economic activity.

I also give CH big points on the interview just posted in forums. Speaking truth to power is always risky. There is no way to know that attempted hacks on each release are just self-interested hackers and not “funded”. This is one of the design issues for governance, can bad actors collaborate secretly and dominate the governance processes. Attacks like this are more social or ideological even than technical.

39

I agree with your analysis. I think we are going to see both approaches implemented with Cardano but the marketing will get more attention in the second half of this year after Shelly and Goguen. Heavy marketing before would have just resulted in more vaporware comments. Don’t forget Emurgo hired Florian as head of marketing recently. He is legit. Also despite lack of “marketing” Cardano has maintained a presence in or around the top 10 by market cap since pretty much inception. This supports my theory that the market is hungry for a well designed and implemented blockchain solution and Cardano is the leading frontrunner for that solution at this point.

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That is exactly why I am always amazed to see When Marketing? questions. The Crypto Ecosystem is well aware of Cardano. As for those outside of the ecosystem, it would be hasty to be marketing to them at this juncture.

One of the things that stuck with me from The Cardano Effect’s Ethiopian Interview was Charles saying that you give folks the Tangem card (or something like it) to solve a real problem for them. For instance, they can use it to get better prices or traceability on their products. They DO NOT need to know ANYTHING about the underlying technology. Then months later tell them “Oh, BTW you can use this to get credit, insurance, etc.” Brilliant. absolutely brilliant! The bet is that products and services will be built on that underlying technology, and drive use into areas not even considered (or imagined) today. This is long horizon thinking exemplified!

Like you I am constantly impressed by the caliber of team members attracted to Cardano’s efforts. Whether that be the CF, IOHK, or Emurgo; each of them has attracted the best of the best into the roles where they can flourish, and drive Cardano along the path.

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