Logo
Cardano Ecosystem

Elevenews

02/18/2022

·

867 views


Cardano’s Charles Hoskinson Denies Buyback Rumors, Threatens Critic with Lawsuit

Cardano’s Charles Hoskinson is willing to take legal action against a critic over slanderous statements. Input Output CEO Charles Hoskinson has publicly threatened Digital Assets Data’s co-founder Mike Alfred with legal action over the latter’s unsubstantiated claims about a buyback program....

Cardano’s Charles Hoskinson Denies Buyback Rumors, Threatens Critic with Lawsuit

Cardano’s Charles Hoskinson is willing to take legal action against a critic over slanderous statements.

Input Output CEO Charles Hoskinson has publicly threatened Digital Assets Data’s co-founder Mike Alfred with legal action over the latter’s unsubstantiated claims about a buyback program.

There is no buyback program and if you keep lying publicly, then I'll consider ligitation. I am directly asking you to stop writing deceptive tweets intended to slander and mislead the general public— Charles Hoskinson (@IOHK_Charles) February 17, 2022

Hoskinson has definitely denied that such a program exists, urging Alfred not to write “deceptive” tweets that are meant to deceive the general public and slander the Cardano brand:
 

I am directly asking you to stop writing deceptive tweets intended to slander and mislead the general public.
 

Hoskinson has been critical of cryptocurrency buybacks for a long time. Back in 2019, he made it clear that he would rather focus on forging new partnerships instead of buying back tokens for the sake of short-term price appreciation:  

Even if there was then you’d have to ask yourself: would you rather spend that money going to every country in Africa building relationships with their leadership and getting tens of millions of people into the protocol or appreciating the price of 3% to buy back to it a million worth of tokens?

Alfred does not mince words when it comes to Cardano, frequently riling up the community with his caustic take.

In his most recent viral tweet that refers to a new cryptocurrency unit launched by the Federal Bureau of Investigation (FBI), the Bitcoin bull quipped that the formidable enforcement agency would not bother to seize ADA since it was going down to zero “on its own.”

The Digital Assets Data co-founder also alleged that 95% of Cardano’s total trading volume comes from a buyback program, which was the slanderous comment that drew Hoskinson’s ire. The detractor also mocked ADA’s anemic price action, claiming that it would still be 98% overvalued if it were to drop another 50% from where it is trading right now.

The cryptocurrency is currently stuck just above the $1 mark after a long streak of poor performance.

Earlier this month, Alfred tweeted that Cardano “doesn’t even exist,” fueling the long-persistent “ghost chain” narrative surrounding the controversial blockchain project.

News Source

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Elevenews

ORIGINAL SOURCE

https://elevenews.com/2022/02/18/cardano...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Elevenews

See more
Solana vs Cardano: Which Ethereum Competitor Will Prevail? - ELEVENEWS
Elevenews
Solana vs Cardano: Which Ethereum Competitor Will Prevail? - ELEVENEWS

11/07/2023

·

767 views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)