It’s one of the most stable networks out there, no outages, no downtime. If you’re a BTC holder, you can join the Cardano ecosystem with full confidence.
Cardano community, if you were looking for a reason to keep building, this is it.
Balancer was audited TEN TIMES. Yet hackers can still come along and steal $120M while you're sleeping.
This is the reality of EVM. Account-based systems invite the same failures: shared state, reentrancy, cascading exploits. The hacks are never going to end. It will never be worthy of secure, long term, important DeFi where yields are actually worth the risk.
Then there's Cardano. Its deterministic, isolated UTXO design prevents this by architecture. No global mutable state. It is reminiscent of Bitcoin itself.
I am saying this as a Bitcoiner. I own BTC. I don't even invest in ADA beyond what I would need for gas fees, so I'm not coming in with bag bias here.
I just want a safe place to park my BTC as collateral for a loan, or to trade other assets. But having read (and written, as a journalist) countless headlines related to DeFi hacks in the past, I along with countless Bitcoiners lost faith that secure DeFi was anywhere close to ever being a reality.
It was only in learning about Cardano that I realized that this was an architectural issue. I was shocked when I learned that Cardano hadn't suffered a single major DeFi hack in its history.
That's why I find Cardano compelling. Combine that with the fact that it can share an interoperable token standard with Bitcoin through @CharmsDev, and I am confident that this connection is meant to be.
Keep your heads up. Enough doomerism about no liquidity, no new users, etc.
They're out there. You just have to go find them, and build the tools that bridge the gap. 🟠🤝🔵
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