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With the SEC focused on Staking as a Service and Ethereum getting focused as having an unaffordable minimum staking requirement for retail - in hindsight it seemed inevitable that Charles Hoskinson would find a way to try and get people focused on Cardano. To everyones surprise (are we really surprised?) Charles Hoskinson had a 30 second appearance during half time commercials in what can only be described as one of his normal Youtube videos - while he tossed a football in the air and talked about why Cardano is superior to Ethereum.
Took a picture of the commercialTranscript from Commercial
America as you drink your beer and celebrate this wonderful and highly competitive superbowl. We need to talk about the Elephant in the room. While the SEC attacks staking and Ethereum - you must know that Cardano that's C-A-R-D-A-N-O, is not like Ethereum. Unlike Ethereum requiring nearly $50K you can stake Cardano with under $1. Cardano even allows you to maintain full control of your crypto in your wallet while staking, unlike Ethereum forcing you to lock it up for unknown amounts of time. While the SEC attacks staking as a service it's important for everyone to remember, unlike Ethereum, Cardano is highly competitive and the best choice for your Staking needs. Thank you America, may the best team win.
As the commercial just aired I don't yet have a link to the add, but as soon as it get's posted on Youtube or a video hosting website I'll make sure to edit the post with a link to the video.
The traditional financial world is in trouble as banks in the US and Europe have begun to fail. Governments and central banks are implementing measures that will have an impact on rising inflation. This is not the first time we have seen a similar scenario. Similar events have been repeated over and over again. Bitcoin was created in response to the 2008 crisis. A decade later, we have other blockchain projects like Cardano, which can replace the banking system in another 5 to 10 years. They say that cryptocurrencies are to blame for the current financial problems. How is that possible? It must be said emphatically that the current problems have other reasons. They are the fractional reserve system, endless money printing, bailing out failing banks, poor risk management, corruption, and other things. The blockchain industry is the solution to many of the current problems of banks.
TLDR
Bankers benefit from the fractional reserve system, but depositors bear the risks.
Bearing the risk should mean accepting the loss if expectations are not met. If we do not keep this rule, it will lead to a loss of trust in the system.
The "fix the money, fix the world" narrative is partly false. Fixing the financial system requires changing the rules.
Cardano will allow us to create money with stable purchasing power backed by digital assets.
Cardano will allow us to create a bank whose services will always be 100% backed by its own capital. The bank would be transparent and profits would be shared fairly with depositors.
This article was prepared by Cardanians with support from Cexplorer.
Read the article: https://cexplorer.io/article/cardano-can-replace-failing-banks