Cardano (ADA) founder Charles Hoskinson criticized Ethereum Classic (ETC) with a series of harsh statements on Twitter. He described ETC as a scam project designed to deceive innocent investors. Here are the details…
Cardano inventor criticizes ETC
Hoskinson’s comments sparked a heated debate within the cryptocurrency community. It shed light on the ongoing competition between these two leading Blockchain networks. Hoskinson expressed his disdain for ETC on Twitter on May 19. “ETC is now a scam and its sole purpose is for insiders to act in hopes of a magical future that will never come,” he said. Accusing the project of lacking a clear roadmap, innovation, team or vision, Hoskinson described the project with anger and “toxicity”.
ETC is now a scam and it's only purpose is for insiders to dump on those they recruit with blind hope of some magical future that will never come. There is no roadmap, innovation, team, or vision. It's just anger and toxicity. The Twitter account was built up from years of effort…
— Charles Hoskinson (@IOHK_Charles) May 19, 2023
Hoskinson’s harsh language indicates deep-rooted hostility between the Cardano and Ethereum Classic camps. Hoskinson also expressed his disappointment at the ETC Foundation’s dismissal of another blockchain project, Ergo (ERG). He expressed his disappointment at the decision not to invite him to the Proof of Work summit organized by the Litecoin Foundation. According to Hoskinson, Ergo offers greater innovation, purpose, ethical leadership and financing for the future, in stark contrast to what he perceives as the ETC’s shortcomings.
ETC Cooperative Director Bob Summerville defended the network’s decision, citing the history between the two Blockchains as a key factor. While details of their past interactions have not been disclosed, it is clear that there is a contentious relationship between the two organizations.
Hoskinson has criticized some altcoins before
This isn’t the first time Charles Hoskinson has publicly criticized rival cryptocurrency projects. He has in the past described the XRP community as toxic and unimportant, and has described Ethereum as the “Hotel California of crypto,” implying that once you join, it’s nearly impossible to leave. The confrontational nature of Hoskinson’s words reflects the competitive landscape in the cryptocurrency industry, where projects compete for market dominance and investor attention.
As the industry matures, it is critical that leaders and developers focus on collaboration and constructive dialogue rather than resorting to public disputes that can undermine trust and hinder the progress of the overall ecosystem. While Hoskinson’s remarks have fueled the debate and highlighted the ongoing rivalry between Cardano and Ethereum Classic, it is not yet clear how these comments will affect the perception and development of both projects. As the crypto community goes through these tensions, it is important to remember the importance of respect and foster an environment conducive to innovation and progress.
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