Blockchain News

Cardano Is ‘Decentralized by Almost Every Metric, So It Should Be Safe From the SEC’, Says Coin Bureau

Popular crypto market analysis show Coin Bureau examined smart contracts platform Cardano ($ADA) on Friday (16 December 2022).

The show’s host told the Coin Bureau YouTube channel’s over two million subscribers in a video update yesterday: “Although $ADA is likely to continue declining until we reach the true bear market bottom, its long-term performance ultimately depends on Cardano’s upcoming milestones…

“Cardano has some issues to work out, but every crypto project does. Conflicts between crypto projects are unavoidable in a bear market, and Cardano has never rushed the development of its ecosystem. By almost every metric, Cardano is also decentralized, so it should be safe from the SEC. Nonetheless, these worries are valid because the last thing you want is to be caught off guard. If Cardano survives all of the crypto and macro factors in the coming months, I may reconsider adding $ADA to my crypto portfolio.”

Jerry Fragiskatos, Chief Commercial Officer at Input Output Global (“IOG”), the blockchain technology firm responsible for Cardano’s development, explained what distinguishes Cardano from other blockchain projects in a recent interview.

Fragiskatos made his comments during an episode of Scott Melker’s podcast that was released 12 days ago, according to The Daily Hodl.

“Another big differentiator of Cardano is that there aren’t many insiders,” Fragiskatos said. Individuals own the majority of ADA, according to the distribution of ownership. There are few whales and even fewer insiders. There were no VCs who took 30%, 40%, or 50%. So that’s something completely different, which, once again, stems from the mission vision and cascades down. Where is my ROI next year, ask the VCs. Sorry, but where is my ROI for the next quarter? They’ll say it’s a ghost chain if it’s not there. Furthermore, they are paid off by our competitors. They’re also rewarded for spreading FUD [fear, uncertainty, and doubt].” I believe time will tell, and I believe we are on the right track. And I believe we will be among those who emerge from this, including some of the more you know, do things quickly and break fast.”

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.