For those of you who weren't here during the bear market, Cardano dumped from above $1 to $0.03 and no one talked about it because they had delivered nothing but empty promises for 3 years despite intense marketing and hundreds of millions of dollars in f

The main focus throughout the bear market was the development of the Ethereum ecosystem. That is why the most popular dApps are all currently comfortably situated on the Ethereum main network. Yes, Ethereum's price dumped during the bear market as well, but the OGs in the space and all of the developers kept their eyes laser focused on the development happening within the Ethereum ecosystem.

I personally believe there are several solid alternatives to Ethereum (Polygon, Avalanche, Solana), but unless the network has built a bridge to Ethereum, it will not survive. All of the chains I mentioned were forced to develop bridges to Ethereum because no developer in their right mind would leave the Ethereum ecosystem for a risky sidechain or other layer 1 network. Cardano will be no different.

Not only will Cardano's price dump tremendously on the day that their smart contracts "release" (let's see if they get delayed again), but not a single prominent and actively used dApp that actually has known, respected developers and hundreds of thousands of active users has committed to migrating from other chains to Cardano.

Furthermore, none of the dApps that Cardano touts around in their "ecosystem" have working products or any hope of pulling developers or users from other networks. Who even uses anything that Cardano has in its "ecosystem" anyway? I'd love to know how many users and transactions occur on those dApps. Unless you see the likes of Uniswap, Aave, Compound, MakerDAO, Synthetix, USDC, and Yearn talk about migrating to Cardano, there really isn't anything to talk about with regard to "Cardano killing Ethereum". Hint: they'll never migrate.

Charles always talks about how the Ethereum community dislikes him - do you actually expect some mass exodus from Ethereum to Cardano despite the fact that they vehemently dislike the guy? Please.

No offense, but many of you fell for the same campaign I fell for in 2017. Smart-looking guy who says a bunch of buzzwords and talks confidently about his project pushes a non-battle tested "idea" under the guise of academia and peer-review, but has nothing but a standard "coin" to show for years of "work" and hundreds of millions in funding.

I'm posting this because I'm getting sick of the manic Cardano threads where bagholders are desperately trying to get others to buy so the price goes higher and they can sell. You're sucking newcomers into your little pseudo Ponzi scheme and making promises that you don't even know if Cardano will deliver. Yes, they are scheduled to release smart contracts soon, but the biggest question remains, who is going to use them? I see huge developments being made on Ethereum, Polygon, Avalanche, Solana, and those did not happen overnight.

While Cardano was sleeping during the bear market and selling off their holdings to their bagholders who they promised a "world changing protocol", the projects I listed above continued to develop real, functioning applications during the bear market and garnered the attention of developers and users who recognized they can still develop and engage Ethereum-secured applications that could run on a faster, cheaper bridgeable networks.

I would be willing to bet that after a few months of smart contracts being live on Cardano, there will be scant activity on the network and Charles will be forced to bridge, and kneel to Ethereum, just like the rest of the "Ethereum killers" have.

To all of the people about to yell at me for making another "Cardano is overhyped post" I want you to take a good hard look at yourself in the mirror: have you ever actually used Ethereum? Polygon?Avalanche? Solana? Have you ever actually used a decentralized exchange, lending protocol, NFT marketplace/game, or provided liquidity to these networks? I have. I've done all of it. So do you really have the perspective to be arguing about "Ethereum killers" and how "great" Cardano will be when you don't even have experience with engaging and interacting with smart contracts?

Like, where is all of your hype really coming from, the echo chambers on Twitter and Reddit? I'm asking because I fell for the same pseudo-academic scientific approach marketing in 2017 and it's just the same shit over and over again - Cardano is great at making money during bull markets, but not very good at delivering promised products.

!remindme 8 months

EDIT: Maybe some big brained users in the comment section can look at one another and realize that there is not a single rebuttal to my technical points. Every post is about moonboi price action. Will Cardano potentially make you some money this bull run? Sure, that is, if you aren't stuck holding bags while everyone sells the top. Why don't you start making some counterarguments related to the actual utility of the network, though?

Btw, for the record, I bought Cardano at $0.24 in 2017 and rode it to $1.14 before selling it and never buying back in again. So stop with this crypto Twitter edgy "missed the bull run did you?" bullshit lol

EDIT 2: Every moonboi who is so confident that Cardano will continue mooning if smart contracts are released on time, do you know what happened to Cardano with their Coinbase listing? There was very similar moonboi hype surrounding Cardano leading up to the listing date (March 16-18), and the hype pump peaked at 1.38 (ATH at the time) on March 17, dumped to 1.24 (-10%) by March 18, and continued to dump to 1.06 (-25%) by March 24. Sure, it kept going up, and we may see a similar "pump, dump, pump" related to the smart contract release, but the "pump" following the "dump" all depends on execution and whether people actually care to use Cardano's platform.