Cardano founder Charles Hoskinson reacted to Michael Saylor’s statements about ADA.
Hoskinson, who attended Monglia’s AMA (Ask Me Anything), responded to Michael Saylor’s characterization of ADA as a security.
Hoskinson compared Michael Saylor to Tona Vayes. Vays was someone who called all cryptos scams except Bitcoin. Now she thinks Michael Saylor has replaced Vayes.
The Cardano founder emphasized that Cardano has a much more decentralized structure than Bitcoin, stating that it has many benefits compared to Bitcoin, which functions only as a store of value. He underlined that people buy ADA not only for speculation, but also to benefit from various Cardano-based products and services.
Hoskinson additionally warned that Bitcoin would go bankrupt if it didn’t work as Saylor expected.
While Hoskinson said that discussing ADA with Saylor would not bring any benefit, he made harsh statements for Bitcoin maximalists, including Saylor:
“The most difficult, toxic and useless people to relate to”
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