Charles Hoskinson says venture capital funds don’t understand Cardano has a community

In a recent YouTube video Charles Hoskinson highlighted the rapid growth of the Cardano (ADA) ecosystem while addressing concerns raised by other members of the crypto community over the past year..

“We live in a world where arbitrary groups of people become fact checkers and decide what is legitimate,” said Hoskinson when speaking about the government’s perception of cryptocurrencies. He found that the vast majority of financial crime is committed in the US dollar or other fiat currencies..

According to Hoskinson, the growth of the cryptocurrency ecosystem this year could be slower than it was in 2021:

“It’s hard to argue with the $ 2.5 trillion industry and imagine where it’s going. I think we as an industry are going to digest the consequences, for better or for worse, into just digesting them like that get so big fast. “

Charles Hoskinson says venture capital funds don’t understand Cardano has a community
Charles Hoskinson says venture capital funds don’t understand Cardano has a community

He raised that too need to change the “weird Silicon Valley mantra of moving fast and destroying things” about cryptocurrencies, which caused decentralized finance (DeFi) losses of $ 10.5 billion in 2021. Hoskinson emphasized Cardano’s slow and methodical approach:

“That’s why venture capital funds don’t even really understand that Cardano has a community. They think it’s just me behind a microphone.”

Hoskinson said that too Cardano is gradually becoming a permanent open source project and compared it to the Linux operating system. Wait Change from a hierarchical structure to open source DApps developed by members of the Cardano community:

“She [los desarrolladores] You should also commit to engaging at least one of your developers to contribute to the Cardano Protocol.

Long term, Hoskinson provides for a faster completion of the Cardano roadmap through this “small use of resources”. Speaking to YouTubers, podcasters, and venture capital funds who questioned Cardano’s growth, he said, “We’re number one on GitHub commits”:

“If you’re such an expert that you weigh the quality of our comments, tell us which are wrong, which mean nothing, and where on the roadmap we fail dramatically.”

In a similar live YouTube session, Hoskinson spoke about DeFi’s potential as well as Cardano’s small role in the industry..

According to him, Developers and creators need to promote a more long-term vision:

“It is very difficult to do this kind of engineering with foresight and vision and to do it well. Unfortunately, many of the projects in this area will not stand the test of time. The fact is, we’re going to see a major extinction in the next five or ten years. “

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