Cardano founder shares details about BTC and Satoshi Nakamoto

IOG and Cardano founder Charles Hoskinson criticized BTC maximalists in a video posted to Twitter yesterday, pushing back against accusations that $ADA and other non-BTC cryptocurrencies are scams or securities.

Charles Hoskinson argued that BTC maximalists often idealize the birth of BTC as immaculate, omitting crucial early details. He highlighted that in the early days, until Satoshi taught the community how to mine $BTC, a single person controlled 100% of the network's hashpower, namely Satoshi Nakamoto himself.

Additionally, the founder of #Cardano addressed the issue of #Satoshi_Nakamoto 's anonymity, sharing the perspective that Nakamoto remained anonymous to avoid legal implications arising from recognition as the creator of BTC, particularly legal issues related to the issuance of a coin and the possible response from global governments to this revelation.