ICYMI: in Mark Cuban's opinion, Dogecoin has more applications than Cardano DOGE $DOGE DOGEArmy $ADA ADA
Cuban is concerned by the lack of innovation in the cryptocurrency space."Rather than seeing true innovation, you see replication," he said.
Speaking of the upcoming Merge upgrade, Cuban said that there was a lot of uncertainty around Ethereum's transition to proof-of-stake. He is convinced that the blockchain's success will largely depend on whether more applications manage to gain adoption. The Dallas Mavericks owner also weighed in on regulation, criticizing the U.S. Securities and Exchange Commission's"regulation by litigation" approach. At the same time, he says that he avoids mentioning Ripple because of its overly aggressive community.
The regulatory uncertainty caused by the regulator is the reason why there are more crypto companies in Singapore and the Bahamas, according to Cuban. The billionaire also railed against those investors who buy virtual land in the Metaverse, saying that"dumb" is not a strong enough word to characterize them. Virtual land sales have plummeted in recent months amid the crypto rout.
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