252 Interactions, 2 today
Cardano’s price has increased by more than 50% this week, rising from $1.59 on Wednesday to an all-time high of $2.49 today.
Mark Cuban, the Dallas Mavericks owner, Shark Tank star, and blockchain enthusiast, was impressed by ADA’s new achievement. And Cardano’s creator leapt at the chance to pitch Cuban on his creation.
Cuban, a frequent tweeter of all things crypto, has rarely mentioned Cardano. When asked why by @crypto_fan_IN yesterday evening, Cuban responded almost immediately.
“Are you, personally, able to use $ADA for anything? If so, what have you used it for? That’s the question I ask about all Crypto. Do you find yourself using it for anything that you find value in?” he said on Twitter.
Cuban, who has 8.4 million Twitter followers, is no stranger to expressing his views on cryptocurrency. He started the month with a lengthy thread contrasting the relative merits of Bitcoin, Ethereum, and Dogecoin.
Later that evening, another Cardano supporter recommended that Cuban’s team accept Cardano as payment, in addition to Dogecoin, which the team approved in March.
“Then maybe some Cardano holders would use it to buy Mavericks merch.. just saying.. there’s your use case,” they tweeted.
Cuban replied: “If you can get bitpay to take it. I’m happy to sell for Ada.”
People are issuing NFTs on Cardano. My Twitter pic is an example of one. Our people have been negotiating an MOU for example with your venture Lazy for NFT. Billions of dollars worth of ada move every day. It’s a vibrant ecosystem that’s awaiting smart contracts later this year
— Charles Hoskinson (@IOHK_Charles) May 15, 2021
Cardano’s creator steps in
Soon after, Cardano creator Charles Hoskinson commented on the thread, saying, “You’re breaking my heart mark…. But, joking aside. Come by the farm in Colorado and we’ll talk.”
Hoskinson tweeted at Cuban again four hours later, this time with a twelve-minute video pitching his idea to the millionaire billionaire.
Hoskinson, who quit Ethereum to work on Cardano, spent the majority of the video teaching Cuban on the flaws of Ethereum, Cuba’s favourite cryptocurrency.
“You’re a consumer experience expert…we’re a consumer experience expert. You tell me: Is it viable to have an application where the processing charge exceeds the amount of value moved?
“That is where Ethereum’s market standard is at. And getting away from that without any degree of centralisation, which involves rebuilding the whole paradigm, is a non-trivial thing,” he said, before adding that he has spent the last few years lifting that load.
Hoskinson has plenty to say about Cuban’s number one determining factor before engaging in cryptocurrency: “What can you do with your ADA today?” You can issue assets, buy wine, and stay in hotels (more than 50,000 locations). Per day, billions of dollars in ADA are exchanged. You will vote for it, unlike Ethereum.”
Was Cardano a sell for Cuban? Without a question, his 8.4 million Twitter followers will know the result soon.