🚨 Cardano founder Charles Hoskinson harshly criticizes Meme Coins!
On Halloween, October 31, Hoskinson bluntly criticized Meme Coins in a live broadcast, saying that these coins are "fundamentally worthless" and urged everyone to "grow up quickly." He thinks these coins are speculative games, and the end result is "people sell you and get stuck."
Hoskinson also mentioned the role of social media in promoting the Meme Coins phenomenon, criticizing irresponsible "experts" and "analysts" who make it too easy to issue and promote Meme Coins online.
After thinking about why Meme Coins are so popular now, he thinks it is because after several years of bear market, people feel that the market is boring, so everyone wants to find some excitement.
At the same time, Hoskinson did not forget to praise Cardano, saying that it not only has an on-chain governance mechanism, but also a smart contract platform, has a base of 1.4 million users, can safely store information, and has been running stably for seven years. Therefore, Cardano can serve as a solid foundation for rebuilding the social structure.
Hoskinson also talked about broader social issues. He believed that the current public discussion lacks depth, leading to the prevalence of speculative and unproductive financial activities.
Therefore, Hoskinson called on investors to focus on the long-term potential of blockchain technology and invest responsibly to become real cryptocurrency users who control their own wealth.
In summary, Hoskinson's views are not only a criticism of Meme Coins, but also a profound reflection on the development direction of the entire cryptocurrency field. At the same time, it also reminds us that real innovation and value creation need to go beyond short-term hype and focus on the practical application of technology and long-term social impact.
💬 Finally, do you agree with Hoskinson's view that Meme Coins are a short-term speculative phenomenon? What do you think of the practical application value of Cardano, and what is its main difference from Meme Coins?
