Yukon Cornelius said:

---

Thunderstruck xx said:

---

Yukon Cornelius said:

---

"I'm sure there will be safe guards" ie "trust me bro".

I hope yalls Cardano bags kill and yall bank. Can't wait to see yalls btc being deployed on Cardano. Please share screenshots of it

---

You're being very hyperbolic. The fact is that it will not get adopted in the mainstream unless those safeguards are there. Cardano doesn't operate under the "trust me bro" mindset. They want everything to be trustless and truly decentralized. They're working in it methodically.

---

Im not being hyperbolic at all. I dont think you understand how any of this works. IF your BTC is being held within a BTC address controlled by an ADA smart contract that smart contract will require accurate and timely data. IF there is any bad data or slow data the entire holdings of BTC could be drained by a bad actor. So the "security" of the contract may be in tact but if data isnt you are incredibly vulnerable. So who is supplying the data directly to the smart contract containing the BTC? How secure is it? How timely is it?

if you cannot answer those questions you are insanely foolish for risking your BTC. And I highly doubt anyone will do so. Which is why I challenge both of you ADA proponents. Let me see screenshots of yall doing DeFi with actual BTC on cardano. and Let me see the returns of said DeFi.

Fundamentally I dont think yall truly understand how all of this works. There is a reason it works a certain way on ETH and SOL and every other blockchain with smart contracts.

---

Here you go friend. Take a moment to relax.

This article probably has the details you're looking for.

https://cexplorer.io/article/cardano-s-bitcoin-defi-innovations-to-debut-at-bitcoin-2025

And I didn't say I was going to immediately jump into BTC defi yet. Once things get more developed I may consider it.

So they use a side chain, BitVMX. Which reading how that works is exactly like I was saying. It's just layers upon layers. Ultimately you're using a BTC derivative just like on eth but with higher risks.

Good luck.

If they aren't willing to research it themselves, and prefer to mock, allow them to look back at their "No Regerts" crypto tattoo.

They dont get the fundamental differences in the design philosophies and technical architecture between Eth and Cardano, which favir Cardano.

I haven't mocked anyone. Y'all posting about it and I asked How it worked. Turns out it's just a convoluted
Mess.

Just want fellow Aggies to be aware it's not all on the up and up. I'll add I don't think yall are being malevolent. But I don't think yall even remotely understand what yall are pushing.

Yukon Cornelius said:

---

So they use a side chain, BitVMX. Which reading how that works is exactly like I was saying. It's just layers upon layers. Ultimately you're using a BTC derivative just like on eth but with higher risks.

Good luck.

---

Everything in this space is highly speculative at this point. I'm only preparing to take advantage of it should one technology take off over another. Cardano gives me the warm and fuzzies due to their methodical research based approach. I don't think they'll roll anything out 100% until the kinks are worked out. ETH gives you the warm and fuzzies, and that's fine too. I don't get that feeling about ETH when you say they'll rely on CEXs for defi, which by definition isn't really defi.

Don't be a coward and remove this post in 6 months. Own it as I will should the naysayers prove correct.

Counter argument - you and others are bending the knee to Ethereum, pushing it, without understanding it's flaws, merely because TradFi says so, because NO way you think the tech is superior or sufficient.

That's not a counter argument. You're just being hostile. You posted about Cardano enabling BTC defi. I asked how it works. It's clear you don't even understand how it works. Because looking into what they're doing to make it work is an absolute convoluted mess between side chains and layer 2s. This has nothing to do about ETH.

If you want to discuss the flaws or risk factors of ETH I'm more than willing to talk about those too. Because they do exist. And I've mentioned them here. Along with risks to BTC and Solana etc.

@NFLPlayerProps said:

---

Cardano has been about to roll out something fully developed since 2017.

---

And ETH has been patching up or attempting to patch up its flaws since being released in 2015.

Latin - why do you generally assume someone being critical of ADA is a proponent of ETH?

MRB10 said:

---

Latin - why do you generally assume someone being critical of ADA is a proponent of ETH?

---

Its the same as politics. Nobody is allowed to like elements of the other team

Thunderstruck xx said:

---

@NFLPlayerProps said:

---

Cardano has been about to roll out something fully developed since 2017.

---

And ETH has been patching up or attempting to patch up its flaws since being released in 2015.

---

There's tons of revenue on eth and it's derivatives - wtf are you talking about.

MRB10 said:

---

Latin - why do you generally assume someone being critical of ADA is a proponent of ETH?

---

I'm not assuming. Read the thread amd you'll see that many are discussing and praising Eth yet questioning Cardano. I don't care about people buying this or that, but when they don't recognize the limits or faults of what they promote while trying to "bash" a project without those limits and faults, it is frustrating.

Brother Shamus said:

---

Thunderstruck xx said:

---

@NFLPlayerProps said:

---

Cardano has been about to roll out something fully developed since 2017.

---

And ETH has been patching up or attempting to patch up its flaws since being released in 2015.

---

There's tons of revenue on eth and it's derivatives - wtf are you talking about.

---

For now…

jamey said:

---

MRB10 said:

---

Latin - why do you generally assume someone being critical of ADA is a proponent of ETH?

---

Its the same as politics. Nobody is allowed to like elements of the other team

---

That's reductive. Imo, the only value Eth has is the first mover effect and network. Some might argue Eth is easier to build on but I see that as a flaw, due to that "ease" being the source of many of the attacks and hacks.
It is slow, expensive, requires L2s for survival, is prone to hacks, and centralized.

You specifically commented that you were trying to inform other Aggies that "it wasn't on the up and up".

By saying it's not on the up and up I mean the way you two are framing ADA is incorrect. I'm giving yall the benefit of the doubt and yall are not intentionally misrepresenting things. It'svery clear yall don't understand how a lot of these things work on a technical level.

So saying things like you can use BTC on ada for defi and earn yield without risks is insanely wrong. The process they are using is a btc side chain you have to send your btc to and then you get some sort of derivative on an ada layer 2. Which you then can use for what? There's almost zero activity on ADA. They have no stable coins except for Charles centralized Charlie bucks.

I'm not going to waste my time again discussing such an irrelevant blockchain as cardonzo.


If anyone is interested I'm willing to go through the criticisms of eth y'all keep saying. Because again they are gross misinterpretations.

Thunderstruck xx said:

---

@NFLPlayerProps said:

---

Cardano has been about to roll out something fully developed since 2017.

---

And ETH has been patching up or attempting to patch up its flaws since being released in 2015.

---

ETH is also hot garbage.

One man's trash is another's treasure I guess

LatinAggie1997 said:

---

Don't be a coward and remove this post in 6 months. Own it as I will should the naysayers prove correct.

---

IF. And it's a big IF, Chainlink can funnel value from its services into its token Link might be one of the biggest cryptos. Without data smart contracts are worthless.

LatinAggie1997 said:

---

jamey said:

---

MRB10 said:

---

Latin - why do you generally assume someone being critical of ADA is a proponent of ETH?

---

Its the same as politics. Nobody is allowed to like elements of the other team

---

That's reductive. Imo, the only value Eth has is the first mover effect and network. Some might argue Eth is easier to build on but I see that as a flaw, due to that "ease" being the source of many of the attacks and hacks.
It is slow, expensive, requires L2s for survival, is prone to hacks, and centralized.

---

I agree with your last sentence. I also agree that ADA is on the same level as dogecoin from a use case standpoint. I see a lot of talk, promises, and narrative but very little substance that people value.

Where do I fit in your worldview?

Ethereum is decentralized and has never been hacked. Legitimate criticisms are its speed and transaction costs. But those are the burdens of actual decentralized blockchain security. Ten years running with ZERO down time.

TradFi isn't adopting ethereum to trade memecoins in nanoseconds. It to have T+0 settlement time for billions and trillions. The ethereum speed and cost isn't a burden. Especially with layer 2s.

What makes all of this so silly is it's happening in real time. Ethereum adoption isn't some hypothetical speculative maybe some day. JPMorgan is building on it. Robinhood is building tokenized equities to it. Majority of stable coins now backed by US government are on it.

This doesn't need to be a pissing contest some try to make it out to be. People are too ego driven about being "right". You just have to buy whatever the institutions are moving towards etc. I was bearish on ethereum just a few months ago. And if Institutions change course so will I.

CNBC says Asia is coming for Ethereum.🔥

🇯🇵 Japan & 🇰🇷 Korea could unleash a "huge wave" of institutional capital after new regulations.

Pantera’s biggest bet? ETH treasuries:
• Tom Lee’s Bitmine $BMNR
• Joe Lubin’s SharpLink $SBET

The MicroStrategy of $ETH but with DeFi +… pic.twitter.com/QyrLb6FBBl

— SamAlτcoin.eth 🇺🇸 (@SamAltcoin_eth) August 14, 2025

For those who like both ETH and BTC, what's your allocation between just those 2.


I'm about 1/3 ETH and 2/3 BTC

Yukon Cornelius said:

---

Ethereum ... has never been hacked <snip>

---

False

When has ethereum network been hacked? I'll save you the trouble. The ethereum network has never been hacked. Users have been hacked by user errors or smart contract code has been compromised, which again was user/coder error. Exchanges have been hacked but again due to exchanges not managing their own security.

But the network has never been hacked. Which goes to show how much ignorance there is in this space on what's true or not. The ethereum hate is really bizarre to me. So much bad information that is completely made up.

85% btc 10% eth. 5% alts like chainlink aave and uniswap. I've debated rotating more btc into eth but the taxes kind of suck to do that

Yukon Cornelius said:

---

When has ethereum network been hacked? I'll save you the trouble. The ethereum network has never been hacked. Users have been hacked by user errors or smart contract code has been compromised, which again was user/coder error. Exchanges have been hacked but again due to exchanges not managing their own security.

But the network has never been hacked. Which goes to show how much ignorance there is in this space on what's true or not. The ethereum hate is really bizarre to me. So much bad information that is completely made up.

---

You did not say the ethereum network, you said ethereum has never been hacked which I took as you saying everything on it has always been bulletproof, which is false. I prefer to assume noble intent so fair enough if we're talking about different things.

Ignorant. You parrot what others with an agenda claim. It's embarrassing but to only we that know.

Yukon Cornelius said:

---

When has ethereum network been hacked? I'll save you the trouble. The ethereum network has never been hacked. Users have been hacked by user errors or smart contract code has been compromised, which again was user/coder error. Exchanges have been hacked but again due to exchanges not managing their own security.

But the network has never been hacked. Which goes to show how much ignorance there is in this space on what's true or not. The ethereum hate is really bizarre to me. So much bad information that is completely made up.

---

Ethereum has been plagued with hacks for multiple reasons. Ethereum smart contracts are primarily created using Solidity which has major vulnerabilities. The foundational architecture and design doesn't provide the most secure platform.

Precisely why Cardano took a different approach, a methodical research driven peer-reviewed one.

These can't be fixed.
People will learn unfortunately.

LatinAggie1997 said:

---

Ignorant. You parrot what others with an agenda claim. It's embarrassing but to only we that know.

---

This perspective is enough for me to ignore and immediately discount any coin, product, etc. you're promoting. Thanks for being honest.

Yukon Cornelius said:

---

85% btc 10% eth. 5% alts like chainlink aave and uniswap. I've debated rotating more btc into eth but the taxes kind of suck to do that

---

I guess thats one positive about doing it in my 401K. No taxes to consider, but no options and other limitations instead

Nice benefit if you're trading the btc/eth trade.

Sold a bunch of BMNR puts on this dip. I did some reading of their prospectus. Essentially they are going to sell shares into any pumps until they've garnered 20 billion dollars worth. So selling CC into the pumps is likely easy money.

I also think they are going to be running actual ETH nodes instead of liquid staking. Which to me is an interesting prospect to sell BMNr as a digital security company, something Tom Lee has mentioned.

And lastly I expect another announcement today or tomorrow that they've made another big purchase yet disclosed.