Dfinity Founder Calls Out Cardano, Charles Hoskinson Responds

Dfinity founder Dominic Williams passive aggressively called out Cardano while defending the Internet Computer Protocol in a Tweet thread. 

Covered:

• Dfinity Founder Calls Out Cardano, Hoskinson Responds
• Dfinity’s Various Controversies
• Cardano’s Smart Contract Roll Out

Dfinity Founder Calls Out Cardano, Hoskinson Responds

Dominic
"Internet Computer does _"
Masses
"He's just shilling. Not true"

Paid Crypto Media
"IC is very scammy, a rug pull"
Masses
"What crafty devils!"

= social proof weaponized, and brains hijacked at scale by a massive token shilling machine…

Truth will still win pic.twitter.com/qWVz0Cr8yx

— Dominic Williams ∞ (@dominic_w) September 15, 2021

While defending his project from accusations of rug pulls and vaporware, Dfinity founder Dominic Williams took aim at Cardano’s marketing.

“[sic]social proof weaponized, and brains hijacked at scale by a massive token shilling machine…,” said in reference to the coverage his Internet Computer Protocol (ICP) project has received.

A Twitter user replied with a helpful tip for Williams.  “Equally, if you want to engage the rest of the population stop talking about the tech and start doing vlogs about how the IC is going to fix societal issues in Africa & announce a few partnerships with top tier universities/household name brands. Worked well for @IOHK_Charles.”

Williams replied, “Ha agreed, but… Social impact blockchain will derive from the technology involved (our path), not claiming to help Africa Love the Cardano sales machine tho 😉 It’s amazingly successful Plutus = God of Wealth = pitch: get rich quick!!! Just not us.”

Of course, the very online Charles Hoskinson caught wind of this.

Claiming to help Africa? Get rich quick? Serious that's a pretty low blow. Valley has been rotting your brain.

— Charles Hoskinson (@IOHK_Charles) September 15, 2021

Hoskinson, the CEO of IOHK, took particular umbrage with the “Get rich quick” comment. Though, Hoskinson blamed Silicon Valley for rotting Williams’ brain, but failed to point to the fact that accusations like that are quite rich coming from Williams.

Dfinity’s Various Controversies

Recommended: Class Action Lawsuit Filed Against Dfinity

Dfinity, the company behind Internet Computer Protocol, has been under fire ever since its ICP token debuted with great fanfare.

Major exchanges listing $ICP all at once, never happened before. pic.twitter.com/kJfz6bwJEf

— Kaz ∞ (@fatahkas) May 10, 2021

ICP secured all of the biggest exchanges in time for its May 10th rollout. Most surprisingly was Coinbase, which is notorious for taking its time when adding new coins to their exchange. Thanks to it’s cushy rollout, ICP debuted to its now all time high of $730 USD, making it the 8th largest cryptocurrency by market cap.  By Wednesday it had fallen to 275 USD. By June 14th ICP was trading at $20.

ICP has rebounded somewhat since, trading in $60, but still far below that massive May 10th debut. It’s currently 20th in terms of market cap.

As a result, accusations of rug pulling abounded. Not to mention, many took ICP to task for their questionable market tactics. One Reddit user said, “The other thing that scares me about it is the marketing engine that it has. This project has been able to paint a pretty picture that doesn’t really seem to hold up under scrutiny…”

Cardano’s Smart Contract Roll Out

Recommended: Smart Contracts Are Coming To Cardano In 90 Days

As expected, Cardano’s smart contract roll out was met with a massive FUD campaign. The concurrency issue was centre frame.

To some, this pointed to Cardano being unable to host DeFi on its network. However, Sundae Swap, one of the DEXs on Cardano, is forging ahead bravely, despite this contention.

“Misconceptions are now floating around suggesting that Cardano only supports one transaction per block, only one user can interact with a smart contract at a time, and that cardano is ultimately destined for centralization,” Sundae Swap said via their blog.

Nevertheless, Cardano’s price has fallen 20% in the last 14 days. Though, the rest of the market hasn’t performed particularly well after the El Salvador crash.

Though, there is reason for optimism. Over 200 smart contracts are listed, according to Cardano’s blockchain explorer.