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r/cardano
696k members
Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
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r/CryptoCurrency
5.8m members
The leading community for cryptocurrency news, discussion, and analysis.
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r/CardanoNFTs
17.0k members
This community is dedicated to Cardano NFTs (CNFTs), non-fungible tokens on the Cardano blockchain! The NFT space globally surpassed $40 Billion in 2021 and the CNFT space was brand new in the first quarter of 2021. We are just getting started! Welcome to the beginning!
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r/CardanoCoin
17.8k members
Welcome to r/CardanoCoin
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r/CardanoMarkets
11.7k members
Discuss Cardano trading strategy and speculation
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r/CardanoNatives
2.2k members
Welcome to the Island. Always warm, always sunny, sometimes Reddit.🌴 This subreddit is dedicated to Cardano native tokens, dApps, and NFTs! If you are working on a project, tell us about it! Even if you aren’t working on a project, share in the news and discussion of native tokens. CARDANONATIVES.COM CardanoCube.IO BuiltOnCardano.com
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r/CardanoDevelopers
13.3k members
A subreddits dedicated to everyone building on the Cardano blockchain.
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r/CryptoMarkets
1.2m members
Crypto Market Analysis & Discussion. Demand and price, technical analysis, fundamentals, Bitcoin, Ethereum, token, volume, oscillator, RSI, stochastic, trend, trends, sentiment, strategy, coin, coinmarketcap, coingecko, messari, altcoin, blockchain.
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r/CardanoStakePools
14.8k members
Welcome to the Cardano Stake Pools community! A community operated sub focused on stake pool operation. Please read the community information and rules below.
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r/Crypto_Currency_News
207k members
News means money in the Crypto Currency world. When new coins, products or platforms are released using Bitcoin, Ethereum, Monero or any related altcoin Tokens, the price of affected products can potentially move on the news.
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r/CryptoCurrencies
378k members
We're Crypto Reddit's Fiji water in a desert of censorship and agendas. Arguably Reddit's best source for uncensored cryptocurrency news, technicals, education, memes and so more!
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r/CardanoTrading
7.4k members
A sub dedicated to trading Cardano.
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r/NFTsMarketplace
270k members
A place where you can buy, sell, promote, and learn more about NFTs! Share your work, tell your story, but most importantly, interact with others, it's the only way to find people that truly connect with your work.
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r/ethtrader
2.2m members
Welcome to /r/EthTrader, a 100% community driven sub. Here you can discuss Ethereum news, memes, investing, trading, miscellaneous market-related subjects and other relevant technology.
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r/ergonauts
21.6k members
Ergo, powering the future of finance. Ergo is a next-generation smart contract platform that ensures the economic freedom of ordinary people through secure, accessible, and decentralized financial tools. ($ERG cryptocurrency)
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r/ledgerwallet
95.1k members
Discussions about Ledger's products. Visit us @ ledger.com
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r/SafeMoon
299k members
SafeMoon is a human-focused technology and innovation business expanding blockchain technologies for a brighter tomorrow.
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r/SingularityNet
12.3k members
Subreddit for the world's first decentralized AI network.
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r/ExodusWallet
27.7k members
Welcome to r/ExodusWallet! This is the sub dedicated to the discussion of the Exodus cryptocurrency wallet. For official wallet support, please email support@exodus.com. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Remember: Exodus will NEVER ask you for your 12-word phrase, keys, or identifying information. Exodus will NEVER send you to another website to do any kind of updates except for our official website at www.exodus.com.
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r/CoinBase
223k members
Welcome to r/Coinbase!
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r/solana
156k members
Welcome to the official Solana subreddit. This is a place to post any information, news, or questions about the Solana blockchain. Web-scale blockchain with speeds of 50k TPS. This subreddit is operated by the Solana Foundation.
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r/dogecoin
2.4m members
The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. The much wow innovative crypto-currency.
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r/NFT
573k members
The NFT subreddit is a gathering for those interested in Non-Fungible Tokens. Non-Fungible Tokens are set to change how value interoperates across the digital landscape of media in the new Web 3.0 version of the internet. These unique asset span across video games, blockchain domains, representing a claim on physical assets, and even as decentralized identities.
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r/tezos
71.4k members
Tezos is a decentralized blockchain for assets and applications that can evolve by upgrading itself. Stakeholders govern upgrades to the core protocol, including upgrades to the amendment process itself.
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r/binance
884k members
Binance is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume.
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r/ADAXPRO
14.1k members
ADAX is a DEX for Cardano, an automated liquidity protocol that facilitates trades within the Cardano ecosystem in a completely decentralized and non-custodial way. ADAX has no order book -- we eliminate all intermediaries, complexity, and cumbersome procedures from the equation, offering users untrammelled freedom to trade without censorship or loss of control over their assets.
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r/AlgorandOfficial
70.4k members
Official community for Algorand - World’s first open source, permissionless, pure proof-of-stake blockchain protocol designed for the future of finance. Founded by Turing Award-winning cryptographer Silvio Micali. Algorand runs on a highly energy-efficient network and is carbon neutral.
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r/algorand
76.3k members
The community controlled subreddit for the carbon-negative Algorand blockchain and cryptocurrency.
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r/TerraVirtua
769 members
Virtua is a gamified metaverse which provides immersive social, web3 gaming, digital collectible and interactive experiences.
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r/AltStreetBets
57.1k members
Trading crypto with infinite leverage. READ THE RULES *near the bottom of this side panel
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•Posted by24 days ago
First and foremost. Dogecoin has massively pumped over the last week, up 77%, it's likely massively hyped and due for a correction, buying Doge will probably get you burnt.

Over the past year Dogecoin has taken hit after hit along with the rest of the crypto market. Every time Dogecoin dropped out of the top 10 cryptos by market cap, this sub was quick to celebrate the drop.

With posts like

If You're Still Holding Dogecoin, You're the Greater Fool

Polkadot (DOT) Dethrones Dogecoin To Join Crypto Top 10

and blatantly false FUD posts

Doge has a single wallet with more than 23.17% of all the Dogecoin in circulation and it can be rugpulled at ANY moment.

The top wallet was previously discovered to be RH holding on behalf of its clients not a whale waiting to dump Doge.

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So I wanted to use this opportunity to celebrate the recent rise of Dogecoin

  • Over the past five years Dogecoin is up 410% against BTC

  • Over the past year Dogecoin is up 10% against BTC

  • Over the past 6 months Dogecoin is up 45.85% against BTC

  • Over the past month Dogecoin is up 64.82% against BTC

  • Over the past 5 days it's up 65.88% against BTC

  • Over the past day it's up 23.89% against BC

* To prevent spam on this post I didn't include image of charts, however you can Google "Dogecoin to BTC" and look at the charts for comparison in the different time frame if you want

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Welcome back to the top 8 cryptos by marketcap Doge. May your stay be long and not just a few hour footnote on the daily news.

Again, Dogecoin is massively hyped, hype is not reasonable or long term and anyone thinking of buying into hype should be prepared to be exit liquidity for whales.

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•Posted by13 days ago
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•Posted by8 days ago

Up to 70% of all bitcoins were traded on the Mt. Gox exchange before its crash in 2014. The exchange stopped trading activity and was subsequently declared bankrupt. The FTX exchange collapsed in 2022, and like 8 years ago, the market value of bitcoin is falling. History is repeating itself, just on a larger scale as the blockchain industry is much larger today. The cause of the problem is the same in both cases. It is the centralisation of power in the hands of an unreliable and untrustworthy middleman. The blockchain industry has failed because, even after 8 years, it has not been able to deal with the problem it has been trying to solve from the beginning. Our only hope is that this will not be the case forever. Cardano is being built to be able to solve exactly these problems. It may take another 8 years, but at some point, we have to get rid of the unreliable middlemen.

TLDR

  • Exchanges hold huge amounts of capital and CEOs will always be tempted to use it for their own business without the consent of depositors.

  • Bitcoin is dependent on centralized exchanges and will be directly affected by FTX bankruptcy as the market value of BTC affects the profitability of mining.

  • The market value of cryptocurrencies is created by supply and demand. Everyone is better off if they meet on decentralized exchanges.

  • A decentralized application is just a definition of the steps to be executed based on the expected events. Everyone can look at the steps and decide whether to use the service offered.

  • The Plutus platform will make it possible to write applications that can be proven to be secure.

  • The more crashes we see in the CeFi space, the more it will become clear to everyone that DeFi and self-custody are the only way to go.

The real cause of the problems

The root cause of bankruptcies in almost all financial services is the concentration of power in the hands of unreliable middlemen. People are greedy and almost always abuse their position when given the opportunity. The larger centralized exchanges hold a lot of capital, and the depositors are the owners, not the exchange. It is very tempting for the owners of the exchanges to use this capital for their own business activities. This is often done without the consent of the depositors.

This article was prepared by Cardanians with support from Cexplorer.

Read the article: https://cexplorer.io/article/bitcoin-will-never-solve-ftx-like-problems-cardano-can-do-it

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