Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano Founder Hoskinson Warns
of ‘
Cargo Cult Projects
In Crypto
Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano Founder Hoskinson Warns of ‘Cargo Cult Projects In Crypto
by Jake Simmons
3 minutes ago
in Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano
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In his latest livestream titled “Cargo Cults and the Reality of Crypto,”
Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano founder Charles Hoskinson delivered an extensive monologue on what he
perceives as the current state of digital assets, community behavior, and
ongoing legal battles in the sector. The discussion delved into industry
history, the fate of long-forgotten projects, and the sometimes-troubling
culture that can arise around certain tokens.
Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano Founder Speaks Out On HEX
Broadcasting from Colorado, Hoskinson began by explaining his recent move back
to his farm and expressing excitement about nearing completion of
construction. He quickly shifted focus to a broader assessment of the crypto
landscape, noting that tens of thousands of cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта projects exist and
that new ones frequently emerge, while older ones fade or even reawaken.
“As many of you know, there are probably more than 30,000 cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
projects floating around,” Hoskinson said. “We pay attention to maybe 50 to
100 at any given time that are interesting in novel.” He categorized most
projects into three buckets: Failed or fading projects (e.g., Peercoin, NXT,
Feathercoin), projects that were outright scams (e.g., BitConnect, Celsius,
and Luna) and the third bucket, projects that are “curiosities,” with unusual
communities and nontraditional approaches to tokenomics, marketing, or
culture.
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From this framework, the Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano founder homed in on how certain projects—what
he labeled as the “third bucket”—tend to behave. He singled out Hex and
PulseChain as an example, stressing that those communities have repeatedly
demanded his input in Ask Me Anything (AMA) sessions. “Every single AMA I have
done for the last probably five years [ ] there’s been at least one
person saying, ‘What do you think of Richard Heart ? What do you think of
PulseChain? What do you think of Hex?’”
He stated that, technically speaking, he remains largely uninterested: “Don’t
know much about it [ ] outside of the fact that I know Richard Hart is
an incredibly ostentatious and unusual person who buys lots of luxury goods
[ ] and seems to have a popular YouTube channel.”
While not assigning guilt or innocence, Hoskinson highlighted that the US
Securities and Exchange Commission• Экономика » Финансы » Финансовое регулирование » Органы финансового регулирования » Комиссия по ценным бумагам и биржам США
• Объект организация » Организации по алфавиту » Организации на Ко » Комиссия по ценным бумагам и биржам США (SEC• Экономика » Финансы » Финансовое регулирование » Органы финансового регулирования » Комиссия по ценным бумагам и биржам США
• Объект организация » Организации по алфавиту » Организации на Ко » Комиссия по ценным бумагам и биржам США) brought forward a personal case
against Hart for alleged fraud and misappropriation of $12.1 million. He
contrasted that situation with ongoing SEC• Экономика » Финансы » Финансовое регулирование » Органы финансового регулирования » Комиссия по ценным бумагам и биржам США
• Объект организация » Организации по алфавиту » Организации на Ко » Комиссия по ценным бумагам и биржам США cases against companies such as
Coinbase, Binance, and Kraken , which focus on whether certain assets are
securities:
“Cases like the one against Richard are different and those will persist,” he
argued, further noting that the SEC• Экономика » Финансы » Финансовое регулирование » Органы финансового регулирования » Комиссия по ценным бумагам и биржам США
• Объект организация » Организации по алфавиту » Организации на Ко » Комиссия по ценным бумагам и биржам США complaint includes claims of personal
misconduct and misuse of funds, rather than solely token classification
questions.
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Partnerships
Hoskinson also mentioned reports of an Interpol Red Notice tied to Hart, along
with allegations related to tax evasion in Finland and an assault case. He
cited this as evidence that the situation extends beyond civil disputes and
may invite coordination from the IRS and US Department of Justice in criminal
matters.
“There is an Interpol red notice […] that’s an undebatable, undeniable thing,”
the Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano founder asserted, though he acknowledged that some within these
communities believe the charges to be fabricated.
After referencing these details, Hoskinson revealed that he has been bombarded
with accusatory comments and tweets from certain PulseChain and Hex
supporters. He said their aggressive approach ultimately discourages any
possibility of collaboration: “You will achieve absolutely nothing by further
harassment […] all you’ve achieved is whatever little interest I may have had
of actually looking into your ecosystem is now over.”
He then drew parallels to other crypto founders or personalities who, in his
view, foster contentious communities—specifically comparing the situation with
Craig Wright and his Bitcoin SV (BSV) backers: “This is what happened in the
BSV community with Craig. We all watched it [… ] and honestly, ask yourself,
how many people are waking up today and saying, ‘Boy, I can’t wait to build my
next project on BSV’?”
Hoskinson concluded with what he deemed “unsolicited advice,” urging these
communities to evaluate the kind of ecosystems they want to become—independent
of their founders—and whether the current approach will foster partnership or
repel potential collaborators. “If you’re truly a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта and you’re
truly decentralized, you should be self-governing and you should be different
from your founder,” he said. “If that’s the case, you have to ask yourself
again what type of ecosystem do you want to be?”
Despite the harsh tone, Hoskinson wished the communities luck, emphasizing
that Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano itself intends to remain neutral and uninvolved: “I have nothing
against anyone in the PulseChain community, the Hex community […] I don’t care
about your ecosystem,” he stated, adding that he will not be engaging further
on the issue.
At press time, Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano traded at $0.95. Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano finds support at the 0.236
Fib, 4-hour chart | Source: BTCUSDT on TradingView.com
Featured image from YouTube, chart from TradingView.com
