Hoskinson talks about several aspects of the Blockchain industry at Binance Blockchain Week

During his speech on the first day of this year’s Binance Blockchain Week, Charles Hoskinson, the founder of Cardano, talked about several important aspects of Binance and Web3. Notably, the conference was held at the Dubai World Trade Center in the United Arab Emirates.

Hoskinson raised several key questions

Hoskinson used his keynote speech to discuss topics such as Bitcoin (BTC), Web3, and philosophy, raising questions such as what happens next as the community moves away from Bitcoin’s comfort zone and toward centralization.

“As blockchains become more advanced and more powerful, we have to start making some difficult and uncomfortable philosophical decisions.”

Cardano’s founder raised multiple questions about Web3 and the importance of decentralization and regulations and where do the two meet. “At what point do you cross the threshold where you’re no longer decentralized? You’re no longer the arbitrator of trust?” he asked the audience which comprised blockchain enthusiasts.

He said once an investor moves forward from the comfort of Bitcoin, a lot of entertaining ideas would be in front of them to explore. 

He also added that the regulatory involvement has brought several questions that were not asked before. Ideas like “if we can, at what point can we freeze your funds?” and “At what point can we reverse a transaction?” now have surfaced among blockchain discussions with many offering solutions.

Hoskinson also stressed the significance of focusing on blockchain technology rather than earnings. He emphasized that blockchain provides everyone with fairness and equality, providing smaller businesses a fighting chance.

“If you’re just here to make money, you lose all the things that make technology special.”

Though the Cardano founder did not specifically mention decentralized autonomous groups, he did state that people must be participating in the blockchain projects’ decision-making process.

As TheCoinRise reported, the founder also talked about the future of DeFi in a YouTube video. Talking about the performance of its token, Hoskinson said in a recent interview that Cardano aims to perform at the same level as Solana.