Cardano co-founder Charles Hoskinson says one of his favorite aspects of the bear market is seeing failed altcoin projects.
Charles Hoskinson says they get more backlash from collapsed projects
Charles Hoskinson, the founder and developer of Cardano, recently shared his views on the positive aspects of the bear market in a tweet. “Derangement Syndrome” in the tweet is a term used for negative reviews or reactions. With this statement, Hoskinson speaks of community members who are not happy with anything about Cardano. He says that he received a lot of backlash for his harsh criticism as if he was behind the collapsed projects such as LUNA, CSPR and CEL:
The best part about the bear market is that Charles Derangement Syndrome is in its final form. Seeing the comments about the cryptocurrency market, I think I must have created the alliance of LUNA, CSPR and CEL. Can you at least make better memes?
The best part of a bear market is that Charles Derangement Syndrome evolves to its final form. Seeing the comments on /r/cryptocurrency, I'm thinking that I must have created the union of celsius, luna, and casper. Could you guys at least make better memes?
— Charles Hoskinson (@IOHK_Charles) October 21, 2022
Hoskinson stated that the level of hostility directed at him on social media exceeds the founders of Celsius, Luna and Casper. These three cryptocurrencies filed for bankruptcy in the last bear market. LUNA and CEL caused widespread grievance, wiping out billions of dollars in investor capital. CSPR, on the other hand, is trying to recover and gain momentum.
Cardano supporters
Despite harsh criticism, there are people who support Charles Hoskinson and Cardano. Ben Goertzel, a well-known scientist and artificial intelligence expert, is one of them. He gave the following statements about Cardano on Twitter today:
Hmm… considering Cardano as a software framework/network rather than a financial investment, I don’t feel panic at all, just happy with the increased capabilities of the code being deployed… increasing clarity of future potential
Hmm… Since I think about Cardano as a software framework/network rather than a financial investment thing, I have no sense of panic at all, just a sense of satisfaction at the increasing capabilities of the code as deployed… and the increasing clarity of the future potential
— Ben Goertzel (@bengoertzel) October 21, 2022
Goertzel is not at all worried, despite the 20% drop in ADA prices over the past two weeks. Instead, it enjoys the idea that Cardano is a dynamic software architecture.
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