Cardano Founder Charles Hoskinson Refutes Traditional ICO Model, Questions Bitcoin

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CryptoTale

By CryptoTale

15m ago

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1 min read

Cardano Founder Charles Hoskinson Refutes Traditional ICO Model, Questions Bitcoin

Charles Hoskinson asserts Cardano did not conduct a traditional ICO, describing an alternative airdrop and trading process.

Hoskinson challenges Bitcoin's decentralization and critiques the SEC's differing treatment of cryptocurrencies.

Hoskinson Argued that 51% of Bitcoin’s hashrate could be controlled by subpoenaing the hash pools.

Charles Hoskinson, the founder of Cardano, recently made a bold statement asserting that Cardano did not conduct a traditional Initial Coin Offering (ICO). This claim comes amidst a broader discussion in the cryptocurrency community about the classification and regulation of digital assets by the U.S. Securities and Exchange Commission (SEC).

Hoskinson's remarks were in response to comments made by crypto influencer Adam Back. Back had differentiated Bitcoin from other cryptocurrencies like Cardano and Ethereum, suggesting that Bitcoin's lack of an ICO, its decentralized inception, and organic growth from zero value set it apart. He argued that these factors classify Bitcoin more as a commodity rather than a security, unlike other cryptocurrencies.

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