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<blockquote data-quote="Faceplanted" data-source="post: 4904664" data-attributes="member: 56697"><p>let me know when ada locks up some solid finntech firms, or banks, or anything in finance. it's too late.</p><p></p><p>once https protocol came out, that was the industry standard and that was that. I would highly look into iso 20022. The standard. From my understanding, Cardano isn't even iso 20022 compliant. Charlie is a glorified scam artist, he offers staking, it's not staking, nothing is being secured, there are no penalties for malicious data. He claims goals to hit finance, but he's not even iso 20022 compliant. Meanwhile a small handful of projects are compliant, have been working with and helping develop these regulations for 3 + years. Algo, link an even ripple. LiNK has had bonds aka swift bonds already iso 20022 compliant years ago. Ever bond, every stock price feed, and most derivatives (the largest market in the world) that will be using blockchain will be using LINK</p><p></p><p>all of these contracts will be secured by actual true staking. Your node provides faulty date, you get penalized. To secure the network they came up with the concept of super linear staking. There is nothing like it. All the value of contracts secured and fed by link will need to be collateralized. The tokenomics are insane.</p><p></p><p>imagine coming out with a solution or protocol after https was the industry standard. This is Cardano. Finance/derivitives/and finaancial products are the main thing blockchain will get adoption from. That train is gone.</p><p></p><p>Cardano talks buzzword game yet they use code nobody uses, they are not iso 20022 compliant, and are still working on smart contracts like they are some sort of new concept.</p></blockquote><p></p>
[QUOTE="Faceplanted, post: 4904664, member: 56697"] let me know when ada locks up some solid finntech firms, or banks, or anything in finance. it's too late. once https protocol came out, that was the industry standard and that was that. I would highly look into iso 20022. The standard. From my understanding, Cardano isn't even iso 20022 compliant. Charlie is a glorified scam artist, he offers staking, it's not staking, nothing is being secured, there are no penalties for malicious data. He claims goals to hit finance, but he's not even iso 20022 compliant. Meanwhile a small handful of projects are compliant, have been working with and helping develop these regulations for 3 + years. Algo, link an even ripple. LiNK has had bonds aka swift bonds already iso 20022 compliant years ago. Ever bond, every stock price feed, and most derivatives (the largest market in the world) that will be using blockchain will be using LINK all of these contracts will be secured by actual true staking. Your node provides faulty date, you get penalized. To secure the network they came up with the concept of super linear staking. There is nothing like it. All the value of contracts secured and fed by link will need to be collateralized. The tokenomics are insane. imagine coming out with a solution or protocol after https was the industry standard. This is Cardano. Finance/derivitives/and finaancial products are the main thing blockchain will get adoption from. That train is gone. Cardano talks buzzword game yet they use code nobody uses, they are not iso 20022 compliant, and are still working on smart contracts like they are some sort of new concept. [/QUOTE]
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