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Its a public chain. If they want on, they can put themselves on. Im okay without USDC as long as i have access to usdm or iusd or djed. My long term goal is to mint as much djed as possible.
Usdc it's a massive security risk Supporting usdc is The same as relinquishing the decentralisation of cardano And cardano without decentralisation is useless
@@AXharoth you are mistaken, cardano is one of the most decentralised protocols out there, first by design and also due to it's age and volume it's an ancient protocol and tokens have changed hands thru 3 bear cycles now in relation to devs, they hold jack shit, if anything they are a source of constant selling pressure, more often then not funds are sold on exchanges after being dispersed from catalyst
@@sarapent28No, me and all my ADA will be voting to not integrate USDC. Also your sugary drink at the gym analogy is nonsensical, the intent in going there is to get in shape, not blow up their diet.
I understand that it can be challenging at the beginning without USDC on Cardano, but in the long run, it's actually better for Cardano. If USDC were to integrate, it could gain too much influence, especially during hard forks, due to Cardano's decentralized nature. What Cardano needs is its own decentralized stablecoin, backed by USD, along with strong marketing. I remember when I was studying the market, there was an old saying: 'If you have $100, spend $99 on marketing and $1 on the product or service.' This highlights how crucial it is to build awareness and adoption alongside a solid foundation
true. Buuuut, the market doesn't care... why else is USDC so successful? Why else is Ethereum TVL rising like hell and Cardano's falling slowly (ex-staking)...? It is because users don't understand, don't know or just bluntly don't care about the weaknesses in design of USDC as much as cardano community does. Cardano is missing the boat. If you want users to use Cardano, roll out the red carpet and put USDC on this chain or come up with something better fast and hope your marketing works as imagined and indeed attracts users on the premise of your stable alternative not having the issues of USDC... I for one doubt people will migrate their bags just because the alternative has no clawback or freezing of funds or such... Clawback and Freezing funds are features of the current banking system and everyone on the planet uses that just fine... I was against USDC at first, but I see the writing on the wall on defillama... You have to reach out and pamper customers or they will go elsewhere and this chain will rot like an aged science project.
Totally disagree. Don't reinvent the wheel. USDC is a good stable coin that already covers this area. Cardano does not need it's own stable coin it only needs access to a good existing one. A total no-brainer in my book.
More than likely they'll go with RLUSD, it will be the dominate player in 6 months and you can see as of late CH talking to Ripple and apologizing to xrp army for things he has said in the past.
That's on your channel Bob was here day 1. Glad you took my criticism to heart and actually used it instead of being a know it all. You deserve it if not for that alone .
I for one do NOT want anything to do with USDC on Cardano. No one who advocates in favor of it ever mention what novel capability it would unlock. The people who want it dont even have enough money to transfer into Cardano to justify the cost of the implementation. Waste of money.
You simply don’t understand what cardano bring to the table. It would implement a security system on all money so when using it at the gas station or grocery store your, “ Cardano” could never be hacked. Mainly it is to decentralize the money which is simply just fiat money and has actually no real backing of the dollar so governments have the power to print away. It’s not a matter of what u think u want. It’s the matter of understanding 100% of what it actually can do now and in the future. This will be the future, it is only a matter of time of when the people get informed and adopted Cardano.
This is an interesting topic. Seems like usdc is priced out at this point. But might be necessary for the bear market. Cardano being the "gold standard" of crypto should have the gold standard stable coin
Yes to voting as a community. It is the only way and we must ALL vote. Therefore voting should be made as easy and user friendly as possible. Democracy works best when everyone gets a say.
Some of us already saw the conflict of interest with Circle. Cardano is the competition to their home base - EVM. I would not trust Circle to be unbiased and fair should they be integrated. We should explore different options before allowing the wolf into the hen house. Perhaps Ripple, USDT, or both, so that Cardano is never held hostage by anything or anyone.
I think it is not possible, if we want to vote for it we need to know how much💰 do Circle want for making this happen. And this is something that Circle will not expose publicly. I think in order to force Circle to come to Cardano, we need to mitigate cardano stable coin to other blockchains to challenge USDC.
It is clear that CF began negotiations with Circle regarding USDC several years ago. Regardless of what has transpired since then, the continued lack of any explanation is an insult to the community and a dereliction of duty. The issue extends beyond USDC. The biggest problem is CF's lack of transparency.
I wouldnt call that FUD, more of a question, but I hear you. Theres definitely a stablecoin crisis. Theres now question of a sabotage from the CF or is it all conspiracy. Hopefully that helps. Thanks for tuning in.
Dapp is giving the political correctness answer here lol, i have an YT channel. The algorithm made the titles and thumb become either s scandally crazy attractive, or no one clicks your video. It's sad, no one of us creator likes it, but if we don't play along, we see zero growth
It's because IOHK wants Cardano to be the world currency. It wants to have its own stablecoin that overtakes all stablecoins. There is big money in stablecoins. Tether makes billions. If Cardano accepts usdc or usdt it will end Cardanos chance of their own stablecoin.
Circle top execs dislike Hoskinson. That's why they do not deal with him, nor even respond to his invites. USDC is now priced 8-digits because Circle is using this very exorbitant price to shun Hoskinson. That's the painful truth.
I see XAI320K moving right along side all the Alt's you mentioned! Plus I see all the Alt's plus XAI320K moving in lock step in the charts! My point is XAI320K is cheap! Retail likes buying cheap! Especially when that cheap item is on the verge of becoming expensive
The more options you have the better for the ecosystem. More stable coin alternatives prevent the monopoly of USDC. Also lack of high transactions volume makes USDC very pricey to implement when you could use that money to bootstrap a native stablecoin and provide liquidity. So yes to USDC but after you have some native USD backed stablecoins first or at least RLUSD.
I think if you focus on getting CNT's listed on major exchanges....the trading volume would attract the major stable coins..... Centralized exchanges not listing CNT's is 100% done to suppress the Cardano eco system....
we want to break away from the traditional financial markets but at the same time we are begging for a digital dollar by a private company, satoshi would be so proud of us
Eventually, when they feel they've reached the peak of their growth with their existing networks, they will have no choice but to come to cardano if they wish to grow further, and they will do it for free.
Seems a little arbitrary for one of the 3 founders to foot the bill for usdc and the point of governance is so the community votes on big decisions so it being voted on is a yes. With the risk of becoming less decentralized by having usdc it doesn’t seem necessary to me especially for 8 digits. Slow and steady as she goes
CF is pretty ineffectual especially in the USA, maybe they have more sway in the EU, Suisse, Germany etc. Saying that though, I've think we have all seen CH views shift dramatically from political neutral to "I'm hanging with the cool crypto people in government" in the last 6 months.
Sorry, I love Charles, but didn't he crack it when others took to X (Twitter) about publicising issues? Didn't he rant that X was not the space to talk or discuss these things? What's he doing...?
No way can I keep up with the complexity of what a Cardano is, but perhaps some corporation law might be helpful: maybe the participation of USDC can be capped or regulated so that a maximum influence of say 25% is all that can be acquired by such participation. In other words a progressive tax on whale-like behavior.
Folks keep saying better oracle support, why then are the 2 Oracles we already have Charli3 and Orcfax keep getting ignored. Use the ones we have. We dont need chainlink. Plus we just need a stablecoin that gets listed on major exchanges USDM anyone?
We got USDM and Djed. All we need is liquidity from BTC via ZK bridge from IOHK! Imagine Circle first implementing USDC and then after a while retreat. That would be devastating for the ecosystem and will bring Cardano down. We need global adoption, we need BTC ZK defi etc, not VC chains taking over crypto. Logarithmic stable coin ftw!
As an ADA holder, I don't care about USDC because they are pay to play. At any time they could just pull out of Cardano like they have done to other blockchains.
I would rather use USDT instead USDC & only use USDC as last resort but what is stopping a project from Cardano introducing a fully backed Stablecoin like USDC we already have our own Stablecoin but keep Circle out of Cardano pls
💌Thank you for watching Cardano Community, I really appreciate it!
😇If you'd like to support the channel while earning $ADA, consider delegating with the DAPP stake pool!
pool.pm/56dec7ec811a1534b3e4d8ba8bb24315e7f15aea0c2718706a9ded2a
Thanks mate for keeping all things Cardano...Transparent! 🎉
Just got my XAI105e tokens! Thanks for the informative video that led me here, especially after Elon Musk’s interview!
Just one more reason why a majority of the world outside of the United States uses USDT
Your video on XAI105e was super helpful! I’m feeling bullish after Elon Musk’s podcast!
Love the content! You keep Cardano news interesting 🤔👍🏽
Glad you enjoy it! Thank you!
Its a public chain. If they want on, they can put themselves on. Im okay without USDC as long as i have access to usdm or iusd or djed. My long term goal is to mint as much djed as possible.
Exactly! Give people the choice instead of this ethos driven blockade.
Amen
Usdc it's a massive security risk
Supporting usdc is The same as relinquishing the decentralisation of cardano
And cardano without decentralisation is useless
cardano doesnt have decentralization , when devs have big bags you cant talk about decentralization
@@AXharoth you are mistaken, cardano is one of the most decentralised protocols out there, first by design and also due to it's age and volume
it's an ancient protocol and tokens have changed hands thru 3 bear cycles now
in relation to devs, they hold jack shit, if anything they are a source of constant selling pressure, more often then not funds are sold on exchanges after being dispersed from catalyst
@@elduderino7767 I think AXharoth is a bot... or an idiot.. don't bother.
@@sarapent28No, me and all my ADA will be voting to not integrate USDC. Also your sugary drink at the gym analogy is nonsensical, the intent in going there is to get in shape, not blow up their diet.
@ they are holding jack shit ? oh rly? and how are you so uninformed? why would you talk out of your ass tell me plz?
Sure, everybody wants ADA to pump but I'm not comfortable with USDC on Cardano. It sounds like it could be a trap.
I understand that it can be challenging at the beginning without USDC on Cardano, but in the long run, it's actually better for Cardano. If USDC were to integrate, it could gain too much influence, especially during hard forks, due to Cardano's decentralized nature. What Cardano needs is its own decentralized stablecoin, backed by USD, along with strong marketing. I remember when I was studying the market, there was an old saying: 'If you have $100, spend $99 on marketing and $1 on the product or service.' This highlights how crucial it is to build awareness and adoption alongside a solid foundation
Exactly...there are many of them.
I agree but the real split "when it comes to a company and it's products is a 70/30 split.
70 Marketing
30 Product
true. Buuuut, the market doesn't care... why else is USDC so successful? Why else is Ethereum TVL rising like hell and Cardano's falling slowly (ex-staking)...? It is because users don't understand, don't know or just bluntly don't care about the weaknesses in design of USDC as much as cardano community does. Cardano is missing the boat. If you want users to use Cardano, roll out the red carpet and put USDC on this chain or come up with something better fast and hope your marketing works as imagined and indeed attracts users on the premise of your stable alternative not having the issues of USDC... I for one doubt people will migrate their bags just because the alternative has no clawback or freezing of funds or such... Clawback and Freezing funds are features of the current banking system and everyone on the planet uses that just fine... I was against USDC at first, but I see the writing on the wall on defillama... You have to reach out and pamper customers or they will go elsewhere and this chain will rot like an aged science project.
Totally disagree. Don't reinvent the wheel. USDC is a good stable coin that already covers this area. Cardano does not need it's own stable coin it only needs access to a good existing one. A total no-brainer in my book.
100% ... RLUSD will be better and bigger for Cardano anyway.
More than likely they'll go with RLUSD, it will be the dominate player in 6 months and you can see as of late CH talking to Ripple and apologizing to xrp army for things he has said in the past.
Best cardano content on UA-cam
Funny I was just thinking about you. GM Thug and thank you as always. Wishing you a good day ahead! 🤝
@@DappCentral lol, hopefully it was good thoughts!
Have a good one brotha. See you on the next video 🤝
So should we bail?
That's on your channel Bob was here day 1. Glad you took my criticism to heart and actually used it instead of being a know it all. You deserve it if not for that alone .
Grats on channel I mean sry voice e to text
I for one do NOT want anything to do with USDC on Cardano. No one who advocates in favor of it ever mention what novel capability it would unlock. The people who want it dont even have enough money to transfer into Cardano to justify the cost of the implementation. Waste of money.
You simply don’t understand what cardano bring to the table. It would implement a security system on all money so when using it at the gas station or grocery store your, “ Cardano” could never be hacked. Mainly it is to decentralize the money which is simply just fiat money and has actually no real backing of the dollar so governments have the power to print away. It’s not a matter of what u think u want. It’s the matter of understanding 100% of what it actually can do now and in the future. This will be the future, it is only a matter of time of when the people get informed and adopted Cardano.
I'm so impressed by your tenacity Farid! Thank you for digging and sharing the info!
Thank you Mammal! The kind words keep me going. I’m not stopping till I’m full time here. 🫡
I think Cardano is doing fine without USDC so not particularly bothered.
I thought IOG assigned 2 people to a stablecoin commission about a year ago. What happened
This is an interesting topic. Seems like usdc is priced out at this point. But might be necessary for the bear market. Cardano being the "gold standard" of crypto should have the gold standard stable coin
Why not Ripple USD? (RLUSD)
Cardano needs usdc usdc and USDC
I love how you broke down the XAI105e project in your video! Can’t wait to see it skyrocket!
What a storm in a tea cup 😂😂😂😂
Just bought my first XAI105e tokens! Your video made it clear this is a must-have in my portfolio
Cheers for all the XAI320K info, im going to swap out ETH to XAI320K now.
Just watched your video on XAI105e! The buzz from Elon Musk’s podcast has me hyped!
Your insights on XAI105e were exactly what I needed! Elon Musk’s podcast made it even clearer!
Yes to voting as a community. It is the only way and we must ALL vote. Therefore voting should be made as easy and user friendly as possible. Democracy works best when everyone gets a say.
Some of us already saw the conflict of interest with Circle. Cardano is the competition to their home base - EVM. I would not trust Circle to be unbiased and fair should they be integrated. We should explore different options before allowing the wolf into the hen house. Perhaps Ripple, USDT, or both, so that Cardano is never held hostage by anything or anyone.
I think it is not possible, if we want to vote for it we need to know how much💰 do Circle want for making this happen. And this is something that Circle will not expose publicly. I think in order to force Circle to come to Cardano, we need to mitigate cardano stable coin to other blockchains to challenge USDC.
Rather have RLUSD anyway.
Just bought XAI105e after watching your video! The buzz from Elon Musk’s podcast is contagious!
Just bought XAI105e after watching your video and hearing Elon Musk’s thoughts on it!
Awesome coverage of XAI320K. You're not late - just zoom out and look at the big picture. Youve earned yourself a subscriber 😎
It is clear that CF began negotiations with Circle regarding USDC several years ago. Regardless of what has transpired since then, the continued lack of any explanation is an insult to the community and a dereliction of duty. The issue extends beyond USDC. The biggest problem is CF's lack of transparency.
Keep up the amazing work
Another great video --- thank you!
Thanks Farid
Your analysis of XAI105e was spot on! I’m ready to ride this wave, especially with Elon Musk backing it!
Just dropped my $ADA into the new DAPP C pool - let’s go.
Massive thank you True! 🙏
Ur welcome - u do great job with the info and building trust. hopefully next you’ll set up as DRep.
I’ve been busy the last day or so thanks for the update
Why all the fud in the titles ?
I wouldnt call that FUD, more of a question, but I hear you. Theres definitely a stablecoin crisis. Theres now question of a sabotage from the CF or is it all conspiracy. Hopefully that helps. Thanks for tuning in.
Dapp is giving the political correctness answer here lol, i have an YT channel. The algorithm made the titles and thumb become either s scandally crazy attractive, or no one clicks your video.
It's sad, no one of us creator likes it, but if we don't play along, we see zero growth
It's because IOHK wants Cardano to be the world currency. It wants to have its own stablecoin that overtakes all stablecoins. There is big money in stablecoins. Tether makes billions. If Cardano accepts usdc or usdt it will end Cardanos chance of their own stablecoin.
Not true at all
@@ucilistemirmar Liquidity is not infinite...so yes OP is correct.
Welcome to the XAI320K community 🇿🇦💎
Majority wants usdc. Full stop.
No...we don't
6:02 Want USDC freezing claw back mechanisms is the question.
Circle top execs dislike Hoskinson. That's why they do not deal with him, nor even respond to his invites. USDC is now priced 8-digits because Circle is using this very exorbitant price to shun Hoskinson. That's the painful truth.
❤❤ the CF should update the community too. Or is it true they are full time sol / XRP now? 😅
DCA ADA !
I’d much rather see a Cardano RLUSD , not because USDC is bad but because better options are possible.
What's about the stablecoin issuer Paxos?
No one is talking about them!
Your analysis of XAI105e was spot on! I’m ready for those 10x gains, especially with Elon Musk backing it!
I see XAI320K moving right along side all the Alt's you mentioned! Plus I see all the Alt's plus XAI320K moving in lock step in the charts! My point is XAI320K is cheap! Retail likes buying cheap! Especially when that cheap item is on the verge of becoming expensive
I love how you broke down XAI105e! Elon Musk’s vision makes it even more exciting!
usdc is here to stay, and will bring unseen benefits to Cardono!
The more options you have the better for the ecosystem. More stable coin alternatives prevent the monopoly of USDC. Also lack of high transactions volume makes USDC very pricey to implement when you could use that money to bootstrap a native stablecoin and provide liquidity. So yes to USDC but after you have some native USD backed stablecoins first or at least RLUSD.
I think if you focus on getting CNT's listed on major exchanges....the trading volume would attract the major stable coins..... Centralized exchanges not listing CNT's is 100% done to suppress the Cardano eco system....
USDC or T is the only way for me. Altho I want to prefer cardano stable..unless its available on Cex its meaningless..I live in real life not web 3..
Just watched the Lex video on XAI105e, I think this will be the next big thing like Tesla!
wasn't really familiar with XAI320K but now i am. Great explanation!
we want to break away from the traditional financial markets but at the same time we are begging for a digital dollar by a private company, satoshi would be so proud of us
:)
RLUSD is coming
I currently own my XAI320K in UPHOLD. Can i transfer it to my XAI320K wallet?
If USDC doesn't come to Cardano, then it's their loss. Let them watch from the sidelines when others like RLUSD take their spots
Eventually, when they feel they've reached the peak of their growth with their existing networks, they will have no choice but to come to cardano if they wish to grow further, and they will do it for free.
Seems a little arbitrary for one of the 3 founders to foot the bill for usdc and the point of governance is so the community votes on big decisions so it being voted on is a yes. With the risk of becoming less decentralized by having usdc it doesn’t seem necessary to me especially for 8 digits. Slow and steady as she goes
CF is pretty ineffectual especially in the USA, maybe they have more sway in the EU, Suisse, Germany etc. Saying that though, I've think we have all seen CH views shift dramatically from political neutral to "I'm hanging with the cool crypto people in government" in the last 6 months.
Sorry, I love Charles, but didn't he crack it when others took to X (Twitter) about publicising issues? Didn't he rant that X was not the space to talk or discuss these things? What's he doing...?
No way can I keep up with the complexity of what a Cardano is, but perhaps some corporation law might be helpful: maybe the participation of USDC can be capped or regulated so that a maximum influence of say 25% is all that can be acquired by such participation. In other words a progressive tax on whale-like behavior.
I don't get why we cry about USDC, why not use the funds for USDM?
Bullish
They just want to be able to reverse transactions
The hype around XAI105e is real! Thanks for the insights, especially after Elon Musk’s podcast!
If USDC can freeze funds than NO THANKS
CF seems to be a net negative for $ADA development.
CF?
@@skipskiperton4992 Cardano Foundation
@@skipskiperton4992 Cardano Foundation
What matters is Ripple.
XRP and XAI515T will have a big part of the cake
Επιλεξτε αλλα νομισματα το ada οτι ειχε να δωσει το εδωσε η αγορα ειναι ολη μια φουσκα βγαλτε κερδη και βγειτε απο την αγορα
Folks keep saying better oracle support, why then are the 2 Oracles we already have Charli3 and Orcfax keep getting ignored. Use the ones we have. We dont need chainlink. Plus we just need a stablecoin that gets listed on major exchanges USDM anyone?
We got USDM and Djed. All we need is liquidity from BTC via ZK bridge from IOHK! Imagine Circle first implementing USDC and then after a while retreat. That would be devastating for the ecosystem and will bring Cardano down.
We need global adoption, we need BTC ZK defi etc, not VC chains taking over crypto. Logarithmic stable coin ftw!
XAI320K represents the ethos of crypto! It is like Bitcoin but with better technology.
XAI515T will be massive
As an ADA holder, I don't care about USDC because they are pay to play. At any time they could just pull out of Cardano like they have done to other blockchains.
Just watched your analysis of XAI105e, and I’m feeling bullish! Elon Musk’s podcast was a great addition!
Just invested in XAI105e after hearing Elon Musk discuss it! Excited for the future!
The XAI515T pump is around the corner.
👍
Its been a while Bengt! Welcome in and thanks!
Hi, I don't get notifications anymore when you post 😕
@greger589 hey they are still on in UA-cam for me. Please disable and reenable them. That should do the trick.
That’s right! Diamond hands! XAI320K is the next Bitcoin!
Cardano Is just waiting for a regulated stable coin #RLUSD.......
OMG XAI320K!!
I would rather use USDT instead USDC & only use USDC as last resort but what is stopping a project from Cardano introducing a fully backed Stablecoin like USDC we already have our own Stablecoin but keep Circle out of Cardano pls
The future looks bright for XAI105e! Appreciate your guidance and Elon Musk’s vision!
usdc is a trojan horse
PLEASE learn from what happened to polkadot!!
What happened ?
Time to load up on XAI320K, XRP, CARDANO AND VECHAIN!!! 🚀🚀🚀🚀🚀🚀
I'm beginning to think you don't like Cardano more fud videos.?
After watching your video I bought 200 XAI320K coins. Thanks for recommendation
XAI515T😅😅😅😅😅
Could you blink 900 more times? I don't think you blink enough.
I sure can! 👀
Let's focus on the subject.
Thank you. I’m glad someone gets it. 👍
Just get Elon Musk to start a stable coin on Cardano. 😮
We don’t need USDC the true player we need will be RLUSD