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<div class="cryptonews">
 <p>Charles Hoskinson, co-founder of the blockchain platforms Cardano (ADA) and Ethereum (ETH), criticized the <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/governance.html">governance</a> practices of Bitcoin.</p>
 <p>When asked about Cardano’s plans for on-chain voting and decentralized decision-making during an Oct. 16 interview with crypto YouTuber Coin Bureau, Hoskinson said this approach contrasts with the “inability to upgrade” he has observed in Bitcoin.</p>
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   <div class="rll-youtube-player"></div> <iframe title="In Conversation With Charles Hoskinson of Cardano!" width="1020" height="574" src="https://www.youtube.com/embed/DjVG_bkF_Io?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen sandbox="allow-scripts allow-same-origin allow-popups allow-forms"></iframe>
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  <p>“[Bitcoin’s lack of <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/governance.html">governance</a> has] held it back in in so many ways. […] [By drawing from successful <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/governance.html">governance</a> systems] we can sort out a lot of the problems Bitcoin has had with its inability to upgrade.”</p> <cite>Charles Hoskinson</cite>
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 <div class="cn-block-related-link"><span> You might also like: </span> Charles Hoskinson says SEC will not charge Cardano
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 <p>Hoskinson gave examples like Bitcoin’s failure to implement “colored coins” and sidechains as missed opportunities caused by Bitcoin’s developer structure.</p>
 <p>According to Hoskinson, Bitcoin stands in opposition to Cardano’s goal of an “open source project” that can “admit maybe somebody else had a better idea” than the founder. He attributed Bitcoin’s cultural stagnation to being a “religious monoculture” or “cult” that treats core developers’ opinions as sacrosanct.</p>
 <p>Hoskinson warned Bitcoin may become irrelevant due to its inability to upgrade dynamically. He suggested Bitcoin now occupies a “very well-defined role” as “digital gold” but has forgone involvement in decentralized finance and non-currency use cases.</p>
 <div class="cn-block-related-link"><span> Read more: </span> Cardano’s Hoskinson foresees ADA surpassing Bitcoin
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/charles-hoskinson-bitcoin-has-a-governance-problem-tbt66601.html">https://thebittimes.com/charles-hoskinson-bitcoin-has-a-governance-problem-tbt66601.html</a></p>

Charles Hoskinson: Bitcoin has a governance problem

TheBitTimes

Other articles published on Oct 16, 2023

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