A user shared a meme on X, which claimed that “Technological innovation does not depend on symbolic price.” Charles Hoskinson did not hesitate for a second to defend the blockchain that bears the name of Ada Lovelace. Hoskinson questioned: “Why lie? I don’t understand your fragile ego or your years-long history of doing this publicly.”
A new week and a new story. Cardano (ADA) founder Charles Hoskinson took to social media to defend the blockchain against various accusations of a user having a “fragile ego.”
“You seem to be very comfortable lying to people on a regular basis. I’m not sure why you do it and you know better, but you keep doing it,” highlighted the founder of Cardano.
Charles Hoskinson: “You Seem Very Comfortable Lying”
The debate arose since Friday, October 6. That day, the user shared a meme on X (formerly Twitter), which expressed: “Technological innovation does not depend on the symbolic price.”
After the publication, the user @Fabian_vBergen expressed disagreements about the development of the “scientific blockchain.” According to the user, many promises never came true, including the ERC-20 converter. In this particular, Hoskinson stated on the X network the following:
“Things like the ERC20 converter were certainly worked on and used by projects like SingularityNet, but were mostly deprecated by projects like Milkomeda.”
Among other points, Charles Hoskinson did not hesitate for a second to defend the blockchain that bears the name of Ada Lovelace. In his publication, the mathematician emphasized that the user “lies” in his statements:
“I’m not sure why you do it and you know better, but you keep doing it.”
Charles Hoskinson explained that the Ethiopian project is developing despite the war and educational administrations. Later, the founder of Cardano emphasized the CIP-1694 improvement proposal. In this sense, Hoskinson noted:
“You love this lie and you keep spreading it. Emurgo, CF and IOG are all genesis key holders. CIP 1694 makes this whole notion irrelevant. Somehow you forgot to mention the enormous resources spent trying to integrate it into MainNet.”
Finally, Hoskinson questioned: “Why lie? “I don’t understand your fragile ego or your years-long history of doing this publicly.”
Cardano Developments and Evolution of the ADA Token
Despite the debates generated in the social network owned by Elon Musk, Cardano repeated as the blockchain with the most developments during the month of September. According to data from Santiment, the blockchain network created by Charles Hoskinson once again surpassed Polkadot (DOT) and Kusama (KSM) in terms of developments in the last 30 days.
Furthermore, at press time, Cardano’s native token ADA is trading at $0.256, with many analysts expecting a possible price explosion.
ADA has experienced a drop of 0.69% in the last 24 hours, according to data from BeInCrypto. Similarly, the native Cardano token registers a drop of 4% in the last week, but an increase of 1% in the last 30 days.
ADA is the ninth largest cryptocurrency, with a market capitalization of $9.29 billion. In this particular, the token is 91% from its all-time high of $3.09, recorded in September 2021.
Cardano (ADA) price approached $0.30 as ecosystem participants ramped up activity on the network this week. On-chain indicators provide crucial information on the possible ADA price action for the coming weeks.
From an on-chain perspective, Cardano is off to a blistering start in October, with ADA staking reaching a new peak in the second half of 2023.
By Leonardo Pérez
