In a recent interview, Cardano (ADA) founder Charles Hoskinson said that Bitcoin is not a self-sufficient blockchain and needs the industry and exchanges to survive, whereas the industry no longer needs Bitcoin.
Hoskinson's Critique of Bitcoin
The interview was given by Hoskinson at the beginning of last December but was mentioned this September, as one of his followers asked if he still feels this way about Bitcoin. Hoskinson confirmed this. He emphasized that while having digital gold is good, another asset with better science behind it could emerge at any moment to replace the precious metal.
Crypto Community Reaction
Despite being an old interview, its recent emergence caused a massive reaction among crypto enthusiasts. Notably, despite Hoskinson predicting a slow death for Bitcoin, the community started blasting Cardano, once again calling it a 'ghost chain' and defending the decentralized nature of BTC.
Cardano Chang Hard Fork
Interestingly, the interview with Hoskinson popped up as Cardano underwent its biggest hard fork to date, named Chang. This event, commemorating notable Cardano developer Phil Inje Chang, successfully kicked in yesterday at 9:45 p.m. UTC. According to Cardano, the Chang hard fork will completely decentralize the network, handing over management to the ADA community and stakers.
In conclusion, Charles Hoskinson's statements once again sparked debates about Bitcoin's future and its role in the crypto space, highlighting the importance of decentralization and innovation in the development of blockchain systems.
Comments