Cardano

when

<p><strong>In the crypto universe, bold statements and controversial opinions are commonplace. Recently, such a statement caused an uproar in the crypto community when Ben Armstrong, known as BitBoy Crypto, labeled Cardano’s ADA token a “dead coin” in the eyes of institutions. This claim sparked a wave of reactions, notably from Charles Hoskinson, the founder of Cardano.</strong></p>
<h2 id="h-cardano-ada-is-dead-charles-hoskinson-says-no">Cardano (ADA) is dead? Charles Hoskinson says NO!</h2>
<p>Hoskinson, known for his candor and commitment to his crypto, quickly responded. With a touch of humor, he tweeted: “I remember when the goal of cryptocurrencies was to replace institutions instead of replaying a scene from ‘Deliverance’. I guess I have to learn to play the banjo to make Ben happy.” This light response masks a deeper criticism of the current trend! Which is to value institutional investments at the expense of the <a href="https://www.cointribune.com/en/crypto-ethereum-introduces-eip-7732-and-steps-up-the-pace/" target="_blank" rel="noopener noreferrer nofollow">decentralized principles</a> that underlie crypto.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">I remember when the point of cryptocurrencies was to replace institutions instead of acting out a scene from deliverance. <br><br>I guess I got to learn the banjo to make Ben happy. <a href="https://t.co/yLMj1qAE1T" rel="noopener noreferrer nofollow">https://t.co/yLMj1qAE1T</a></p>— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1808638804573790459?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 3, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
</figure>
<p>The Cardano community was quick to defend the technical potential and future of the crypto. A user on platform X questioned Armstrong’s logic, highlighting the irony of labeling as “dead” the only coins with a governance mechanism. Dave, a Cardano developer, also refuted BitBoy Crypto’s claims. He notes the absence of technical analysis in his assessment and highlights Cardano’s strengths. Notably, its solid community, energy efficiency, and autonomy.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-ada-crypto-continues-its-downward-trend">ADA Crypto Continues Its Downward Trend</h2>
<p>Cardano (ADA) is currently experiencing a negative trend, falling to $0.329 with <a href="https://tradingview.com/symbols/ADAUSD/" target="_blank" rel="noopener noreferrer nofollow">a decline of 9.39% in the last 24 hours</a>. Over the past month, the crypto token has seen a notable decline of more than 13% despite a 3.87% rise last week.</p>
<p>While opinions differ on the importance of institutional investments in the success of cryptocurrencies, the recent controversy surrounding Cardano highlights a fundamental question: what is the true measure of success in the crypto space? Is it <a href="https://www.cointribune.com/en/crypto-ethereum-etf-launch-imminent-on-july-15th/" target="_blank" rel="noopener noreferrer nofollow">institutional adoption</a> or the strength and resilience of a decentralized and engaged community? For now, Cardano continues to forge its path, with or without institutional approval.</p>

Cardano is Dead? Charles Hoskinson Brutally Criticizes BitBoy Crypto!

Table of Contents

Cointribune EN

Muita 5. heinäk. 2024 julkaistuja artikkeleja

Bitcoin Holds Steady at $58,400

Joe Biden Admits To Being A Failure At Presidential Debate

Bitcoin Fate Uncertain: Powerful Asset or Further Drops Expected? Expert Opinions Diverge

Will Bitcoin Stabilize After Summer? Gazmararian Weighs In

SEC Includes Local Offices Among Nigerian Crypto Firms Requirement

BTC Price Slips Under $56,000 As Mt. Gox Wallet Transfers $2.7B In Bitcoins

Join our free newsletter for daily crypto updates!