Since 2017 I’ve seen so many transitions between asset classes. What was popular last cycle is old news today. What is popular today will be old news tomorrow. In 2017, everything was an idea, a white paper, a concept with an ETH wallet address attached to it and we easily sent our ETH to these wallets to get new tokens pumped by speculative excitement on the idea that the world was going to change overnight as we profited from the transition. The distruption era, if you will. The reality, however, was short lived FOMO before the crash of the cycle and the etch a sketch was shaken as new speculative innovations took root in the next bear market as the narratives for 2021 spawned a new era.
I’ve discovered a Twitter thread that breaks down my sentiments on what is happening and I want to break it down for everyone because for years, the VC narrative has been in favor of ponzinomics in blockchain projects and against Cardano.
What we know about narratives is that they are easily paid for by means of advertising. Media outlets take in large ad budgets from advertisers and in kind will favor them in unsponsored articles as an unspoken part of the deal. Web2 metrics platforms will exclude Cardano. News sites will either ingore Cardano’s growth or if written put a negative slant or spin on their writing to favor the projects playing ball with them. What does a truly Decentralized blockchain do with superior tech, established by its community, that doesn’t buy advertising and doesn’t have the ponzinomics that interest VC’s looking to use a projects community as exit liquidity? Why would VC’s enter ADA when they can more easily invest in new projects at a fraction of a cent, buy a narrative to promote it and exit with thousands of percent gains before moving onto the next rope a dope before the community has a clue what happened?
Lets dive deeper into this topic and break down the reality of the crypto space and why Cardano is prime to take over the market moving forward as we look at Ethereum’s decline, the Meme Coin Craze and more. This is going to be a long article, so grab your coffee and get comfortable.