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Cardano for bitcoiners is a multipart series that explores the misconceptions and concerns raised by the Bitcoin community about the Cardano blockchain. Part one analyzes blockchain trust, Cardano's three founding entities, the ADA pre-mine and dangers of blockchain upgradability. Bitcoin and Cardano are two juggernauts of crypto in their own right,. One gave birth to the entire industry and continues to attract global adoption through market dominance. The other is a third generation blockchain built with many of the same design architectures and values but through secure smart contract programmability and POS consensus driving decentralization, is taking that next evolutionary step to deliver a global financial and social operating system. Ultimately this series attempts to answer the question of whether or not a collection of outdated misconceptions and or genuine concerns are holding back a huge (Bitcoin) community from exploring a blockchain (Cardano) that has all the characteristics to become Bitcoin 2.0? This is Cardano for Bitcoiners: The Myths and Misconceptions Part 1
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Timestamps:
00:00 - Intro
02:03 - Trust
05:45 - $ADA Pre-Mine
12:03 - Treasury Control
13:20 - Forking Cardano
14:57 - Hard Fork Control
16:53 - Cardano Upgradability
19:57 - Outro
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*Sources/Links mentioned:
ADA pre-mine article: cexplorer.io/article/myth-bus...
Cardano foundation treasury transparency: github.com/cardano-foundation...
Cardano foundation treasury findings: cardano-foundation.github.io/...
Charles speaking for crypto at congress: • Charles Hoskinson Test...
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#bitcoin #cardano #blockchain #ada #cryptocurrency #crypto
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Disclaimer: This Video is NOT financial advice, all topics discussed are my personal opinions or information obtained from my own research. Always DYOR (Do your own research)