Cardano Founder to Critics: “We’re Going Nowhere”

Cardano (ADA) has been slammed from time to time by critics on social media, but the network’s founder, Charles Hoskinson, has made it clear he has no intention of taking it easy. On Twitter, he hits back saying he hopes Cardano fails.

Charles Hoskinson strikes back

For example, the recent criticism of Cardano states that the Cardano network is as good as dead. Earlier this month, Cardano News reported that Cardano opponents described the network as “ghost chain‘ called.

For Charles Hoskinson, however, such claims are utter madness. Additionally, he hinted on Twitter that the network isn’t going away at all: “Cardano is here to stay,” Hoskinson said.

He defended his position by sharing a post by a Twitter user titled “Stake with Pride.” This post listed a number of issues that Cardano did NOT have, including reboots, drops in value, downtime, hacks, inflation bugs, and more annoying issues that many other blockchains have encountered.

No matter how many times the VC coins, the crypto media, or the maxi crowd proclaim we are dead, irrelevant, or failing, we always remind them that Cardano is here to stay pic.twitter.com/2c9O0wQtZi

— Charles Hoskinson (@IOHK_Charles) August 14, 2023

In May, the founder of Cardano praised it, not to mention the co-founder, of course ether (ETH), the platform’s advances despite continued skepticism. He also shared plans for 2023, including global workshops and developing promising code, with a particular focus on decentralization. Of course, the Cardano team continues to work hard behind the scenes. For example, another major update was released in early August, Mithril.

The ADA price continues to struggle

So, the development of the network is progressing steadily, but as far as the price of ADA is concerned, things are a little less smooth: on August 15, the value of ADA was $0.289. This represents a drop of just over 10% compared to last month. The Rate from ADA So, there is still a long way to go before it revisits near the 2021 high of just over $3.

In summary, it remains clear that despite challenges and criticism, Charles Hoskinson and the Cardano network are determined to continue their vision and mission and take the crypto industry to greater heights.