In his latest interview, Cardano (ADA) founder Charles Hoskinson made an impressive statement about technology, cryptocurrency and the future.
Hoskinson also explained how he entered the crypto space and why he left Ethereum.
Hoskinson said his intellectual curiosity began in his childhood, and the 2007 Ron Paul campaign sparked interest in the idea of ”sound money.”
He discovered Bitcoin around 2010, but he said he didn’t take the project seriously at first. However, events such as the launch of the Silk Road in 2013, the network’s survival even after the founder left, and the financial crisis in South Cyprus made Hoskinson convince the possibility of Bitcoin and made him a “professional bitcoiner.”
Hoskinson, one of Ethereum’s eight founders, confirmed an early departure from the project, advised young entrepreneurs to avoid launching with founders and establish a clear founder agreement.
Hoskinson claims that Ethereum’s vision has truly come to life in Cardano, citing Cardano’s unique design features, including extended UTXO, non-secondary staking of liquids, and on-chain governance. He also suggested that Ethereum would become a victim of its own success and may not exist in 10-15 years. He builds this view on Ethereum’s reliance on Layer 2 and structural challenges that Bitcoin’s growing momentum cannot overcome.
Hoskinson noted that there is no clear agreement between many of Ethereum’s founders, which have eight co-founders. He believed this would create problems for the future of the project.
*This is not investment advice.
