U.Today – Recently, an interview surfaced in which (ADA) founder Charles Hoskinson says that it is not a self-sustaining blockchain as it needs the cryptocurrency and exchange industry to survive, but the industry no longer needs Bitcoin.
The interview was given by Hoskinson in early December, but was mentioned this September, when one of the crypto entrepreneur's followers asked him if he still felt the same way about Bitcoin. Spoiler alert: yes.
“It's nice to have some asset like this, like digital gold, but at any time another asset can emerge that aims to replace the precious metal and is backed by better science,” Hoskinson argued at the time.
He also called Bitcoin a religion and not an ecosystem, saying that the first cryptocurrency should grow, adapt and mold itself to survive in the long term.
True or false?
Despite being an old interview, his recent appearance sparked a massive reaction among crypto enthusiasts, but there is a nuance. Thus, despite Hoskinson predicting a slow death for Bitcoin, the community began attacking Cardano en masse, calling it a ghost chain once again and defending the decentralized nature of BTC.
Interestingly, the interview with Hoskinson appeared on the timeline when Cardano had its biggest hard fork to date, with the overall purpose of making it completely decentralized.
The event, named after Chang, which is actually a commemoration of prominent Cardano developer Phil Inje Chang, was successfully launched yesterday at 21:45 UTC. As Cardano has said, Chang's hard fork will completely decentralize the network, with the ADA community and participants taking over the management.
This article was originally published on U.Today
