Altcoins
Charles Hoskinson answers if Cardano is a dead ecosystem; Takes a jibe from Arthur Hayes and Raoul Pal
Charles Hoskinson recently appeared on the latest Thinking Crypto podcast. The founder said Cardano was on the brink of its collapse the greatest improvement in governance ever, which he believes will be a game-changer, not just for the project, but perhaps for the entire industry. He also spoke about their strong scalability plans and the active community involvement seen at events such as Rare Evo and the Cardano Foundation Summit.
Charles spoke about the growing ecosystem of DeFi projects and dApps developed internally, without external funding or influence. However, he expressed frustration with constant claims on platforms like Twitter and in crypto media that Cardano is dead or irrelevant.
He said: “I think there’s a lot of impatience when people don’t see the price going up and so they instantly infer, well, if that’s the case, that must mean it’s an ecosystem dead and in great decline. »
The founder emphasized that the community rarely gets lost; instead, it often develops an immune system that naturally repels incompatible plans. Without naming names, he mentioned that some projects disappear, but this is part of a healthy and vibrant ecosystem. Continued growth, evolution, and resolution of significant challenges indicate that the ecosystem will thrive over the next 5, 10, or 20 years.
“I think the biggest problem in marketing right now is the preconceptions that have taken root. Figures like Arthur Hayes and Raoul Pal throw shade at us by circling around the subject, but they belong to previous generations,” he added.
Despite this growth, he highlighted the lack of recognition from crypto media. He suggested that cryptocurrency venture capital firms could pull strings to ensure that capital does not flow into Cardano because they back specific assets.