Winner doesn’t mean take all in crypto


Welcome everyone. Today I wanted to
clarify some of my viewpoints and highlight some of the fallacies within
crypto and one of the issues that I have with crypto is this idea that if someone
supports a project it’s like a winner-takes-all like they’re going to
take 100% of the market share for that particular use case and this couldn’t be
further from the truth human beings are diverse there are tons
of different cultures tons of different customs people are just different and
inferior solutions get chosen all the time so while I talk about Ethereum in
the sense that the tech is inferior to Cardano which it is.
I don’t think that Ethereum is done and I think that they will still
continue to exist in their own niche and Cardano will exist in its own niche so
while I think that Cardano will be used by institutions to build their
smart contracts the biggest institutions there are tons of different institutions
smaller and medium-sized that may choose to use Ethereum I mean you may have a
couple big institutions that use Ethereum you know there’s enough pie to
go all the way around and I think that ADA has an enormous potential to
increase in price you know and but doesn’t detract from what Ethereum has
done or doesn’t detract from what any other cryptocurrency project has done
some of them are going to zero but some will be inferior and they will still
exist just because of funding they were here at the right time
it’s just how it happens and I think that human beings are innately
greedy so the issue of my crypto is gonna take all the market
share it’s not gonna happen so any crypto project that you think is gonna
take a hundred percent of the market share it’s not because at the end of the
day I just ordered Red Dead Redemption 2 and my dad is still on his iPad playing
Candy Crush and I can’t get him to play Red Dead Redemption 2 so you can argue that Red Dead Redemption 2 is a far superior game to
Candy Crush but different people like different things and that’s just what it’s gonna be so whatever crypto community you’re part of and you
find this cultish like behavior as winner-takes-all it’s not gonna happen Cardano can take a lot but it’s not
gonna take all. Ethereum can take a lot but it’s not gonna take all the same
fallacy happens with Bitcoin. Bitcoin is the one to rule them, but it hasn’t done that since since its inception. If it was so
good there wouldn’t be you know 2000 other cryptocurrencies that formed so
and eventually Bitcoin will be the overtaking it’s just a matter of time
and you know Bitcoin has a lot of potential too but it can’t do everything
I mean the Bitcoin maximalists it’s like it can do smart contracts it’s going to transfer my money it’s going to do this, it’s gonna provide my security, it’s gonna
clean my fridge, it’s gonna run my car you know it’s not gonna happen there are
other cryptocurrency projects that are going to serve that needs serve that
purpose multiple different cryptos and there is space for quite a lot to
win, and Cardano is in its own lane it is competing with some other cryptocurrency
projects, but as far as the smart contract space I think it’s gonna take
the largest percentage of market share if everything gets implemented
correctly and even if it doesn’t I still think it has extreme
price potential to grow and become a self-sufficient ecosystem, so let me know
what you think please like, comment, and subscribe and until the next video
thank you

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