ADA Reddit Mentions | ChartExchange

#Cardano Con-Arguments
Below is a Cardano con-argument written by CreepToeCurrentSea.
> Cardano is a public blockchain platform that is open-source, decentralized, and runs on a proof-of-stake algorithm. ADA is the name of their native currency. Charles Hoskinson, a co-founder of Ethereum, spearheaded its launch in 2015. ([1](https://docs.cardano.org/introduction))
>
> # CONs
>
> **The Pointperson**
>
> * Bitcoin worked so well due to one of the facts that its supposed creator/founder stayed anonymous until Satoshi finally went offline and never came back. The problem with Cardano also resonates with much of the other crypto projects/networks, that having a publicly exposed leader/founder leaves the project open to criticisms and especially linked damages incurred if a said founder would be found out to have some issues/scandals. - Humans always have some imperfection in them no matter how genuine and brilliant they are or how perfect they look. Hoskinson is no exception, no one is. ([2](https://medium.com/yardcouch-com/why-charles-hoskinson-was-shamefully-kicked-out-of-ethereum-8b29faa5cd14), [3](https://cointelegraph.com/news/charles-hoskinson-under-fire-for-not-dropping-out-of-a-phd-program))
>
> **Complexity can Slow Things Down**
>
> * While most of the blockchains in crypto use object-oriented programming language like Java and Rust, Cardano uses Haskell which is a function-based programming. With this. Haskell has more complexities as a language and as a result less known developers. The complexity of Haskell is an asset to Cardano for being using a unique language but it's hindering their development while other blockchains are speeding up their growth. ([4](https://www.cryptoeq.io/corereports/cardano-abridged#technology))
>
> **Too Much Competition**
>
> * Cardano runs on a proof-of-stake consensus, a consensus that right now is highly crowded with other blockchains and just like these other blockchains, all are catching up to Ethereum. Cardano ranks 29th in Total Value Locked compared to other staking blockchains and $6.1K daily fees generated while Ethereum has a whopping $2.1M daily. Fees are critical for a blockchain's long-term health and sustainability because they provide economic security as issuance/inflationary rewards diminish over time. This is clearly a great difference due to the lack of development and lack of usage in the Cardano Network relative to the growth of other chains in the same consensus. ([5](https://grayscale.com/wp-content/uploads/2021/09/CARDANO_Building-Block.pdf), [6](https://defillama.com/chains), [7](https://tokenterminal.com/terminal/metrics/revenue))
>
> **It's Dependent on these Three**
>
> * Since 2015, Cardano has been primarily controlled and developed by three distinct entities. IOHK, the Cardano Foundation, and EMURGO are among those involved. IOHK is the development branch responsible for Cardano's design, built, and maintenance. The Cardano Foundation works like a liaison of education and information that works to increase network adoption through education, promotion, and representation of the ecosystem. Finally, EMURGO, Cardano's commercial branch, acts as a bridge to help invite existing companies to the technology as well as invest in it and assist startups that want to build applications within the Cardano ecosystem. These three entities are crucial for the survival and growth of Cardano, if one or two of these entities fail then it will be detrimental to Cardano, leaving it last in the race for dethroning Ethereum. ([8](https://cardano.org/partners/?tab=iohk#partners-section))
>
> Sources:
>
> [https://docs.cardano.org/introduction](https://docs.cardano.org/introduction)
>
> [https://medium.com/yardcouch-com/why-charles-hoskinson-was-shamefully-kicked-out-of-ethereum-8b29faa5cd14](https://medium.com/yardcouch-com/why-charles-hoskinson-was-shamefully-kicked-out-of-ethereum-8b29faa5cd14)
>
> [https://cointelegraph.com/news/charles-hoskinson-under-fire-for-not-dropping-out-of-a-phd-program](https://cointelegraph.com/news/charles-hoskinson-under-fire-for-not-dropping-out-of-a-phd-program)
>
> [https://www.cryptoeq.io/corereports/cardano-abridged#technology](https://www.cryptoeq.io/corereports/cardano-abridged#technology)
>
> [https://grayscale.com/wp-content/uploads/2021/09/CARDANO\_Building-Block.pdf](https://grayscale.com/wp-content/uploads/2021/09/CARDANO_Building-Block.pdf)
>
> [https://defillama.com/chains](https://defillama.com/chains)
>
> [https://tokenterminal.com/terminal/metrics/revenue](https://tokenterminal.com/terminal/metrics/revenue)
>
> [https://cardano.org/partners/?tab=iohk#partners-section](https://cardano.org/partners/?tab=iohk#partners-section)
>
> [https://cardano.org/partners/?tab=cardano-foundation#partners-section](https://cardano.org/partners/?tab=cardano-foundation#partners-section)
>
> [https://cardano.org/partners/?tab=emurgo#partners-section](https://cardano.org/partners/?tab=emurgo#partners-section)
*****
Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano) to find submissions for other topics.

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