Cardano founder Charles Hoskinson addressed accusations regarding the potential censorship of the blockchain by governments, dispelling common myths.
Hoskinson's Response to Accusations
Charles Hoskinson firmly rejected rumors that he could be pressured into censoring the blockchain by governments. In response to a viral post claiming he could confiscate users' assets, Hoskinson posted a sarcastic meme and a challenge, pointing out the ignorance of such assertions.
Myths of Control Over Cardano
During the discussion, a user argued that unlike Bitcoin, Cardano and other altcoins could be shut down or manipulated through their founders or central entities. Hoskinson dismissed this view as unfounded FUD. Critics of Cardano have often raised issues about the centralization of development and slow progress.
DeFi Stimulus Proposal and Its Ripple Effects
Recently, Hoskinson proposed a $100 million DeFi stimulus idea, suggesting that the Cardano Foundation use ADA to purchase DeFi-native assets like USDM and USDA to boost liquidity within the ecosystem. While some hailed this as a bold move, others expressed concern that such a sale could lead to a drop in ADA's price.
Thus, claims regarding potential censorship of the Cardano blockchain appear to be mere myths, while Hoskinson's DeFi stimulus proposals elicit both support and concerns within the community.
