On 1 October 2023, the crypto influencer known as “ADA Whale” shared his thoughts on the digital economy and Cardano’s role in it via social media platform X. He emphasized the distinction between his personal desires and realistic expectations for the future of cryptocurrency.
ADA Whale believes that the digital economy is akin to a voluntary system that people can choose to participate in. He likens it to a Venezuelan citizen opting to open a U.S. bank account, but in this case, the “country” is the Cardano blockchain. Within this digital economy, ADA serves as the base currency, complemented by stable coins like Djed and USDM and various other tokens. He notes that transactions can easily occur between individuals who are part of this digital ecosystem.
In contrast, the traditional economy relies on fiat currency, which comes with its own set of fees and taxes. ADA Whale points out that while fiat transactions have historically been cumbersome, they are becoming increasingly frictionless for small amounts due to technological advancements. He argues that this diminishes the need for blockchain-based payment systems like “ADA Pay” or “Solana Pay” for stable coins, as they wouldn’t offer any novel advantages.
However, ADA Whale acknowledges that significant friction still exists for large or international fiat transactions. In such cases, he believes that cryptocurrencies could offer a solution. He also speculates that a non-stable crypto coin, like Bitcoin, could gain global acceptance, allowing merchants to accept direct payments in it, provided that government regulations permit it.
ADA Whale also envisions a future where applications enable payments in crypto while settling merchant transactions in fiat. He clarifies that his views are not a critique of the utility of cryptocurrencies or stable coins but rather an analysis of the practical path to their widespread adoption.
Featured Image via Unsplash
I haven’t checked in here for some time since I thought it was getting boring, but the last several posts are great quality so I guess I’ll add you back to my everyday bloglist. You deserve it my friend 🙂
My spouse and I absolutely love your blog and find nearly all of your post’s to be just what I’m looking for. Do you offer guest writers to write content to suit your needs? I wouldn’t mind publishing a post or elaborating on many of the subjects you write in relation to here. Again, awesome web log!
Fantastic site. Plenty of useful info here. I’m sending it to some friends ans also sharing in delicious. And naturally, thanks for your sweat!
The content is engaging and well-structured, keeping visitors interested.
I love how user-friendly and intuitive everything feels.
I’m really impressed by the speed and responsiveness.
The design and usability are top-notch, making everything flow smoothly.
The layout is visually appealing and very functional.
This site truly stands out as a great example of quality web design and performance.
Hey there just wanted to give you a quick heads up. The text in your post seem to be running off the screen in Chrome. I’m not sure if this is a formatting issue or something to do with browser compatibility but I figured I’d post to let you know. The style and design look great though! Hope you get the issue resolved soon. Kudos
I discovered your blog web site on google and test just a few of your early posts. Continue to maintain up the superb operate. I simply additional up your RSS feed to my MSN Information Reader. In search of ahead to reading more from you afterward!…
There are certainly numerous particulars like that to take into consideration. That may be a nice point to deliver up. I offer the ideas above as general inspiration but clearly there are questions just like the one you convey up where crucial factor can be working in honest good faith. I don?t know if best practices have emerged round issues like that, however I am positive that your job is clearly identified as a fair game. Both boys and girls really feel the influence of only a moment’s pleasure, for the remainder of their lives.
As a Newbie, I am permanently searching online for articles that can help me. Thank you
Appreciate it for this post, I am a big fan of this website would like to continue updated.
Purdentix
order clomid for sale clomiphene nz prescription buying clomid cost of generic clomid clomiphene medication effects clomid tablets price in pakistan can you get generic clomid for sale
Greetings! Extremely serviceable suggestion within this article! It’s the little changes which will espy the largest changes. Thanks a portion towards sharing!
This is the stripe of topic I have reading.
azithromycin online order – order zithromax 500mg online cheap order metronidazole 200mg pill
excellent post, very informative. I wonder why the other specialists of this sector don’t understand this. You should continue your writing. I am sure, you have a huge readers’ base already!
motilium us – order flexeril pills buy flexeril 15mg pill
order augmentin 625mg online – at bio info ampicillin sale
cost esomeprazole – anexa mate cost esomeprazole
coumadin sale – anticoagulant brand losartan 50mg
Only a smiling visitant here to share the love (:, btw outstanding design.
mobic cheap – swelling meloxicam pills
buy prednisone paypal – aprep lson deltasone 10mg without prescription
male ed pills – https://fastedtotake.com/ sexual dysfunction
buy amoxil pill – https://combamoxi.com/ amoxil brand
The sagacity in this piece is exceptional.
I couldn’t resist commenting. Profoundly written!
generic fluconazole 200mg – forcan generic buy diflucan for sale
buy escitalopram 10mg generic – lexapro pills order escitalopram 10mg generic
buy cenforce 50mg for sale – cenforce rs order cenforce generic
vardenafil tadalafil sildenafil – https://ciltadgn.com/ cialis from canada
cialis generic versus brand name – cialis and grapefruit enhance cialis online pharmacy australia
order generic ranitidine – https://aranitidine.com/# zantac over the counter
I’ll certainly bring back to review more. https://buyfastonl.com/furosemide.html
Thanks recompense sharing. It’s outstrip quality. https://gnolvade.com/
More peace pieces like this would insinuate the интернет better. https://ursxdol.com/levitra-vardenafil-online/
More articles like this would pretence of the blogosphere richer. https://prohnrg.com/product/acyclovir-pills/
I have recently started a blog, the information you offer on this website has helped me tremendously. Thank you for all of your time & work. “Yield not to evils, but attack all the more boldly.” by Virgil.
Thanks for putting this up. It’s understandably done. https://aranitidine.com/fr/modalert-en-france/