Cardano’s Founder Isn’t Concerned About Theranos Comparisons

When asked about the Theranos debacle at a recent ask-me-anything session, Input Output CEO Charles Hoskinson said that his company has “no secrets.”

The founder of Cardano believes that the failing biotech firm is an excellent example of a “magic box” where many people wanted to work because they needed a “female Steve Jobs,” and that there is no reasonable reason why a genuine company would not want the broader public to test its product.

The now-defunct Silicon Valley darling, once valued at $9 billion, crumbled after it was discovered that its Edison blood-testing equipment never worked.

The well-known Theranos’ case has blurred the borders between con artists and visionaries, and founder Elizabeth Holmes’ Svengali defense has failed to persuade the jurors. The former millionaire was convicted guilty of various offenses in early January, and her sentencing is set for September 26. Cardano detractors frequently argue that the project’s technology is as real as Theranos’ blood tests, characterizing it of being hype-driven vaporware with empty promises and no users.

The Bitcoin sector, which appears to be considerably more intent on overpromising than Silicon Valley, is no stranger to hyped-up items.

The now-defunct Silicon Valley darling, once valued at $9 billion, crumbled after it was revealed that its Edison blood-testing equipment never worked.

The well-known individual Theranos’ case blurred the borders between con artists and visionaries, and founder Elizabeth Holmes’ Svengali defense failed to persuade the jurors.

The former millionaire was convicted of various crimes in early January, and her sentencing is set for September 26.

Cardano skeptics frequently argue that the project’s technology is as real as Theranos’ blood tests, characterizing it of being hype-driven vaporware with empty promises and no users.

The Bitcoin business, which appears to be considerably more intent on overpromising than Silicon Valley, is notorious for hyped-up items.