depressing to find out 57.6157% (25,927,070,538) of all $ada was distributed in pre-sale for $0.0024 and 5,185,414,107 ada vouchers were distributed to iohk, emurgo & the foundation which brought circulating supply to 31,112,483,745 ada where it still is https://www.reddit.com/r/cardano/comments/74o3q1/welcome_to_rcardano_the_reddit_home_of_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

i understand with any proof-of-stake chain there will be an ico, but damn it brings down moral to read details. ico’s basically centralize a community’s distribution of wealth/power

bc the ico ada could never be classified as currency even w/ a fixed supply. its a utility token

its a no brainer anybody who bought ada at the pre-sale price of $0.0024 became loaded on 01/04/18 @ $1.16/ada... i wouldn’t be surprised if many including iohk & emurgo sold (some or all) ada at the all time high w/out anything preventing them from doing so...

maybe #cardano will be worth one-trillion dollars someday, maybe it wont. i dont have a clue... im assuming plutus/marlowe smart contracts will be used meaning ada is required as utility there for business-like dealings, but why (aside from true utility-use) hold ada...

charles is very honest/open in his videos (i appreciate/respect that) in saying that its not his job to make you rich and that 100X/1000X returns are over (he might have even said 10X too? pls correct me if i’m wrong) unless you’re lucky. he’s right!

the average everyday person will want truly fair & decentralized money/sov and/or refined monies with privacy features (e.g. $btc $xmr $erg) with no premine, no ico, no trusted setup, no central decision to allocate a percentage of mined blocks to a company or investors,

no cbdc looking for new central tax revenues for regulators & politicians

considering all of the above ^ why would the average everyday person desire in the long-term to hold any utility token for their personal finances aside from utility use cases? imo, the majority wouldnt...

decentralized stablecoin(s) backed by decentralized platform(s) rather than fiat sounds great for the majority of personal finances long-term

$btc & $xmr are fair/honest shots at giving pro-tech ppl a chance at choice, opportunity, direction, freedom and privacy

a portion (however big or small) of all that ^ has already hit liftoff. many ppl i talk to feel lk they already “missed out” & ask whats the point now?

the point is to start using this shit (defi) or maybe we’re just re-defi-ning the monies (or both)

thats where $erg comes in!

if you’re interested in #blockchain and feel like you’ve “missed out” and keep asking yourself “what now?” and if you’re in it for all the right reasons then i recommend researching ergo ( $erg )

@ergoplatformorg
http://ergoplatform.org 

note: im just a random community member

ending notes:

i wasnt picking on #cardano above. i was just making my points & the same concepts apply to all PoS chains w/ ico’s (e.g. most recently avalanche)

my utility token opinions were for the majority of ppl long-term (e.g. maybe not for those that buy today?)

lastly:

*none* of this was financial advise.

all views are *my own*.