Charles Hoskinson, mathematician and billionaire, and the creator of the Cardano blockchain, has published a tweet to respond to a recent claim about Cardano being heavily centralized and controlled by just a few entities.
He believes critics will continue spreading FUD (fear, uncertainty, doubt) for many years to come.
Charles Hoskinson published a tweet to respond to yet another critic who accused Cardano of having a centralized management and said that this “automatically disqualifies it from being better than Bitcoin.”
Hoskinson complained about misinformation, whose flow is often hard to stop and remedy as it takes years to level things down: “It takes millions of dollars and years to correct the effort.”
The mathematician is certain that critics will continue to spread misinformation about Cardano even in 2030.
The critic stated that Cardano was not decentralized but actually controlled by three entities: the Cardano Foundation and Charles Hoskinson's IOG and Emurgo, while Bitcoin is controlled by none.
In early March, Charles Hoskinson surprised not only the XRP community but also Ripple chief technology officer (CTO) David Schwartz when he referred to XRP as “great technology” and “a global standard.” He stated that to comment on Peter Schiff’s tweet, in which the latter commented on U.S. President Donald Trump mentioning ADA, XRP, SOL, ETH and BTC as currencies for the U.S. crypto stockpile.
Schwartz tweeted: “Am I dreaming?!” as he responded to Hoskinson’s comment. In response, the Cardano founder said that he had respect for XRP since it had survived for a decade through “many harsh cycles.” He added that XRP had “one of the strongest communities.”
Replying to Schwartz’s amazement, Hoskinson said that he had spent some time with the XRP code and protocol and, after that, he began to appreciate XRP and the Ripple CTO’s work in particular.
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