This analysis isn't really about ADA's price action, but on Cardano's fundamentals.
Cardano was founded back in 2017, and takes pride in adopting a process that relies heavily on academic research and engineering best practices.
However, it makes you wonder, if Cardano's management takes so much pride in research, why would they name it after Gerolamo Cardano? After all, this is the Cardano who made predictions, even the day of his death, but killed himself because he woke up healthy on the day he predicted he would die.
The choice of a company's name is one of the most important decisions a company can make.
Cardano was founded back in 2017, and takes pride in adopting a process that relies heavily on academic research and engineering best practices.
However, it makes you wonder, if Cardano's management takes so much pride in research, why would they name it after Gerolamo Cardano? After all, this is the Cardano who made predictions, even the day of his death, but killed himself because he woke up healthy on the day he predicted he would die.
The choice of a company's name is one of the most important decisions a company can make.
Comment:
Please ignore the waves. I randomly drew some lines as it seems TW might hide non-chart posts.
Comment:
I was brought to attention to a paper that provides more information on Cardano's views on religiously-inspired self-harm:
"Cardano wrote that self-harming religious behavior was caused by an astrologically induced preponderance of black bile...From his natural philosophical or medical perspective, the question of right or wrong doctrine remains beside the point; the very fact of sacrificing one’s life, family, or basic well-being for religious doctrine is lunacy."
Definitely, from a business fundamentals perspective, it's lunacy to name one's company after a person whose own writings would condemn himself as a diseased lunatic (assuming the referenced interpretation).
"Cardano wrote that self-harming religious behavior was caused by an astrologically induced preponderance of black bile...From his natural philosophical or medical perspective, the question of right or wrong doctrine remains beside the point; the very fact of sacrificing one’s life, family, or basic well-being for religious doctrine is lunacy."
Definitely, from a business fundamentals perspective, it's lunacy to name one's company after a person whose own writings would condemn himself as a diseased lunatic (assuming the referenced interpretation).
Comment:
Of course, I'm merely referring to one aspect of Cardano's fundamentals. And we know that fundamentals and price action are correlative in nature and not causative.