You are associating success and failure based on market valuation (LOL). I am pointing to on-chain audited metrics which shows exponential growth (in the form of SCC) from a fully functioning protocol that is NOT in testnet phase. My thesis at the end of the day is that as Tezos sees growth in SCC it will be valued at the same multiple r…
You are associating success and failure based on market valuation (LOL). I am pointing to on-chain audited metrics which shows exponential growth (in the form of SCC) from a fully functioning protocol that is NOT in testnet phase. My thesis at the end of the day is that as Tezos sees growth in SCC it will be valued at the same multiple resulting in a higher (reasonable and conservative) valuation.
Solana doesn't even have SCC data and is still in Testnet phase, so is being valued off a roadmap and white paper at ridiculously high valuations. I'm not suggesting Solana and these other projects won't exist, or won't be successful, or that they won't have good tech.
I consider Cardano to be a failed project too <3, and it has a high market cap. BTB says "banks are zeros", but god, make no mistake, many of these projects are zeroes too.
Solana is also extremely centralized and is having some big issues with NFT scams. In your comment below you said you consider Cardano to be a failed project, yet you are also arguing that market cap is a indicator of success (Cardano is valued at $77B rank 3)??
You are associating success and failure based on market valuation (LOL). I am pointing to on-chain audited metrics which shows exponential growth (in the form of SCC) from a fully functioning protocol that is NOT in testnet phase. My thesis at the end of the day is that as Tezos sees growth in SCC it will be valued at the same multiple resulting in a higher (reasonable and conservative) valuation.
Solana doesn't even have SCC data and is still in Testnet phase, so is being valued off a roadmap and white paper at ridiculously high valuations. I'm not suggesting Solana and these other projects won't exist, or won't be successful, or that they won't have good tech.
Market cap is a quick number for comparison. As you note, Solana doesn't have data on "smart contract calls" -- which I'll take your word for.
I considered Tezos, EOS, and Zilliqa to be failed projects for many reasons other than market cap.
Solana is not in "test net phase", it's not valued off a whitepaper, it's live.
I consider Cardano to be a failed project too <3, and it has a high market cap. BTB says "banks are zeros", but god, make no mistake, many of these projects are zeroes too.
Solana is ALSO a 0: https://cryptobriefing.com/solana-intermittent-instability-arbitrum-suffers-outage/
*smiles and nods*
Chamath Palihapitiya name dropped Solana on the last episode of the podcast “All In”.
Do you want to be right or do you want to be rich? I don’t care if you buy Solana, you’re late. It already returned 50-100x+
The problem with a community of contrarian autists is they’re not pleasant.
So what are your non-zeroes in the mix?
Solana is also extremely centralized and is having some big issues with NFT scams. In your comment below you said you consider Cardano to be a failed project, yet you are also arguing that market cap is a indicator of success (Cardano is valued at $77B rank 3)??
A common mistake is to evaluate a project by a single variable. A high score in a single dimension does not mean success.
Tron, at one point in time, was perhaps a top 10 project by market cap. Is Tron a good project? No.
Tezos, from the article, has rapidly increasing "smart contract calls". Does that mean it is a good project? No.
Cardano has a very high market cap in the crypto world, does that mean it is a good project? No.
Duck Unit Protocol at one point in time perhaps showed promising revenue growth, does that mean it is a good project? No.
That's why we need more sophisticated analysis =). Evaluating a project by DCF analysis, "smart contract calls", or market cap is not nearly enough.