Cardano (ADA) Continues to Defy Critics: Charles Hoskinson Hits Back
The founder of Cardano, Charles Hoskinson, refuses to be deterred by critics on social media who hope for the failure of the network. Despite recent criticism, Hoskinson is determined to assert that Cardano is here to stay.
Charles Hoskinson Responds to Criticism
Critics have recently claimed that the Cardano network is virtually dead, even going so far as to label it a “ghostchain.” However, Hoskinson dismisses such claims as utter nonsense. Taking to Twitter, he asserts that Cardano is not going anywhere, stating, “Cardano is here to stay.”
To defend his position, Hoskinson shares a post from a Twitter user named ‘Stake with Pride.’ The post highlights a series of problems that Cardano has successfully avoided, including restarts, value depreciation, downtime, hacks, inflation bugs, and other issues that plague many other blockchains.
No matter how many times the VC coins, the cryptomedia, or the maxi crowd proclaims we are dead, irrelevant, or failing, we always remind them that Cardano is here to stay https://t.co/tMbyfNf9PY pic.twitter.com/2c9O0wQtZi
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— Charles Hoskinson (@IOHK_Charles) August 14, 2023
ADA Price Struggles
While the development of the Cardano network continues steadily, the price of ADA has encountered some difficulties. As of August 15th, ADA was valued at $0.289, representing a decline of just over 10% in the past month. The ADA price still has a long way to go before nearing its 2021 peak of over $3.
In summary, despite challenges and criticism, Charles Hoskinson and the Cardano network remain steadfast in their vision and mission to propel the cryptocurrency industry to greater heights.