Skip to content

Cardano’s founder Charles Hoskinson explains the connection between cryptocurrency and politics

June 8, 2020

Cardano’s creator Charles Hoskinson (ADA) admitted to getting involved in cryptocurrencies as an act of a political nature.

Speak during a spontaneous section of questions “Ask me something” Hoskinson claimed that on YouTube The events driven by cryptocurrencies in economic relations will not be easy to overcome. What does this phenomenon include in the political field.

Hoskinson also invited community members to oppose growing regulatory movements Search for termination of crypto trading.

Cryptocurrencies are part of a political movement

Cardano’s founder Charles Hoskinson explains the connection between cryptocurrency and politicsCardano’s founder Charles Hoskinson explains the connection between cryptocurrency and politics

In the June 5 question area, Charles Hoskinson stated that “cryptocurrencies are part of a political movement “:

“It is the most political thing there is. We will reinvent the concept of money and take it out of the hands of the government and control it ourselves.”

Hoskinson emphasized that this phenomenon is particularly political in nature. because of the creative destruction it wants to bring about in monetary products and policies, explaining that “Money is the biggest influence all politics. ”

Considered the consequences of a widespread introduction of DLT o Distributed accounting technologies, Hoskinson noted The impact of cryptocurrency will go much further the domain of money, stating:

“Everything has to change: changes in trade, changes in property rights, changes in companies, changes in trade structure, changes in laws.”

Regulators take action against the crypto industry

Hoskinson predicted that crypto assets would grow Hostility from regulators and said: “There are people in the Senate and Congress in the United States and around the world today who want to ban cryptocurrencies.”

Cardano’s creator pushed the crypto community Combat regulatory efforts to ban crypto Specification:

“What do you do when you work in this industry? Just turn around like a dead dog and say,” It was a lot of fun, okay, okay, whatever “? No, sorry, you have to have an opinion You have to fight for the right things. “

“At the moment there is a strong movement to ban encryption. So if you have encryption, You have to have a back door in the system, “said Hoskinson.

“Would you use Cardano if you had a back door and we designed the system so that a small group of people could control their money and freeze it at any time? How many of you would use it like this? I ask.