Is Cardano the next Bitcoin?
No, unfortunately it's a centralized grift, be aware!
Like most alternative cryptocurrencies, Cardano differs fundamentally from Bitcoin's decentralized, trustless design.
Critical breaches of Trust by Cardano
| Principle Broken | Specific Issue |
|---|---|
| ❌ Fair Launch | Raised $62 million selling 26 billion ADA tokens, 2015-2017 |
| ❌ Fair Launch | ICO conducted through Japanese company Attain Corporation |
| ❌ Fair Launch | Sold 57.8% of total supply to investors before launch |
| ❌ Decentralization | 21% of stake pools hosted on Amazon AWS infrastructure |
| ❌ Decentralization | IOHK controlled development for first 5+ years until 2024 |
| ❌ Decentralization | Network outage degraded over half of nodes, January 2023 |
| ❌ Trustlessness | Initially required trusting three entities: Foundation, IOHK, Emurgo |
| ❌ Trustlessness | Treasury funds controlled by foundation until recent governance upgrade |
| ❌ Proven Security | Launched 2017, only 8 years old versus Bitcoin's 16 |
| ❌ Fixed Supply | Treasury receives 20% of monetary expansion indefinitely |
Why Bitcoin?
Bitcoin is the only truly decentralized cryptocurrency. It has no CEO, no company behind it, and no central authority that can change the rules. Unlike Cardano and thousands of other cryptocurrencies, Bitcoin's supply is fixed at 21 million coins, and this cannot be changed.
Most alternative cryptocurrencies (often called "altcoins" or "shitcoins") are created to enrich their founders and early investors. They often have:
- Centralized control and decision-making
- Pre-mined tokens given to insiders
- Unlimited or changeable supply
- Unproven technology and security
- Heavy marketing but little substance
Don't fall for the hype. Educate yourself about Bitcoin and understand why it's different from every other cryptocurrency.
Learn About Bitcoin
Understand what makes Bitcoin different from every other cryptocurrency. No CEO. No company. No central authority.