Cardano founder hits back at critics from the ADA community

As the development team around Cardano (ADA) continues to work hard on building its ecosystem, including launching new products and updates, Cardano’s founder, Charles Hoskinson, has expressed his disappointment with the criticism coming from the ADA community itself.

Specifically, one of the members of this community stated in his X post that he was “not a fan” of Input Output Global’s (IOG) announcement regarding the addition of the non-custodial wallet platform Nami, developed by Alessandro Konrad, to its product family on November 1.

Yeah, i’m not a fan of this announcement from what was stated. Big thumbs down from me 👎
-tbh I didn’t expect this, can someone tell me why this is good thing for the Cardano eco-system, because I’m really on the fence with this being transparent, there is already very healthy… https://t.co/K40DeEeNcT— Dave 🧑‍🚀💽 🐋 (@beaumont_dvd) November 1, 2023

Responding to Dave’s comment, another member of the Cardano community asked a rhetorical question of why the entire Cardano community seemed to “despise growth” and added that “always attacking every move that happens in our ecosystem is getting old.”

Hoskinson’s response

Meanwhile, Hoskinson joined the discussion, pointing out that “lots of amazing people are building and bringing new users, capabilities, and experiences into the ecosystem,” as well as that “IOG is a builder” and no “different from any [decentralized application (dApp)] company in Cardano.”

“We have products and services and are here to bring millions into the ecosystem. I don’t understand why when we start doing that and deploy millions in capital, some are actively hostile.”

He also voiced his frustration with “polar opposite motivations” placed upon the company’s “open, direct, and transparent” approach when it comes to its plans and projects, including CIP 1694, which he said critics treated as “some attempt to permanently maintain an oligarchy when it’s the exact opposite.”

As a reminder, the Cardano Improvement Proposal or ‘CIP’ 1694 describes a mechanism for on-chain governance supporting the Voltaire era of the network’s development by building on the original Cardano governance scheme with the goal of becoming a truly decentralized autonomous organization (DAO).

Stressing that “Lace is here to be the best wallet in the entire cryptocurrency space and expose all Bitcoin and Ethereum users over time to the Cardano ecosystem,” Hoskinson wondered why is it so bad for Cardano “when we buy Nami to help accelerate a great simple user experience?”

Finally, as he concluded:

“If we are going for number 1, then we need to stop being drama queens and focus on building, partnering, and welcome new positive developments. People are here to do a job. The mission hasn’t changed. Get it done.”

Cardano’s other successes

It is also worth noting that Cardano recently presented a new research paper on its scaling solution Mithril, describing “new cryptographic techniques to prove knowledge of a large dataset without revealing it entirely,” and the Cardano founder called it a “damn fine work,” as Finbold reported on November 1.

Meanwhile, Cardano’s ADA token was at press time changing hands at the price of $0.311, recording an impressive daily growth of 8.28%, which added to its 6.01% advance across the previous seven days, and the 18.82% gain on its monthly chart, according to the most recent data retrieved on November 2.

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