Ethereum is a working system that has been improving steadily with real-world feedback and a lot of invested labor for years, whereas Cardano is effectively vaporware. Outside view says that Cardano is not going to suddenly implement smart contracts and be a perfect diamond-like jewel. I believe that they may have “something” “soon”, but I don’t believe that they are going to catch up to Ethereum in any sense in the foreseeable future.
I think most of the value of Cardano and similar is a hedge on the event that smart contracts are a great idea but Ethereum experiences some catastrophic problem, like a major governance schism, or some giant disaster during the Ethereum 2.0 merge.
It’s quite hard to make money investing if you can never develop enough confidence in your reasoning to sometimes disagree with the outside view. The outside view is already priced in.
I agree about Cardano being a good refuge for anyone fleeing foundational security issues.
Ethereum is a working system that has been improving steadily with real-world feedback and a lot of invested labor for years, whereas Cardano is effectively vaporware. Outside view says that Cardano is not going to suddenly implement smart contracts and be a perfect diamond-like jewel. I believe that they may have “something” “soon”, but I don’t believe that they are going to catch up to Ethereum in any sense in the foreseeable future.
I think most of the value of Cardano and similar is a hedge on the event that smart contracts are a great idea but Ethereum experiences some catastrophic problem, like a major governance schism, or some giant disaster during the Ethereum 2.0 merge.
It’s quite hard to make money investing if you can never develop enough confidence in your reasoning to sometimes disagree with the outside view. The outside view is already priced in.
I agree about Cardano being a good refuge for anyone fleeing foundational security issues.