Značka: Charles Hoskinson

'Great cryptocurrencies have to go through several collapses,' says Cardano founder

'Great cryptocurrencies have to go through several collapses,' says Cardano founder

podľa | nov 2, 2022 | 0 |

Charles Hoskinson, the founder of Cardano and one of the co-founders of Ethereum, said one of the biggest lessons crypto users could take away from the collapse of Terra and other projects was learning to appreciate those that withstood the test of time.Speaking to Cointelegraph at the Web Summit tech conference in Portugal on Nov. 2, Hoskinson said he had seen many companies in the crypto space collapse, from Silk Road to Mt. Gox. According to Hoskinson, protocols that survived were “resilient under an adversarial load,” capable of weathering both bear and bull markets — something of which many decentralized finance projects were incapable.“Just ‘cause you’re on top today, you’re not always going to be,” said Hoskinson. “Great cryptocurrencies have to go through several collapses. I was in Bitcoin when it was under a dollar, and I watched it go from a dollar to $30, to $40, to $256, to $80, to $1,200, to $250, to $20,000, to $4,000, to $64,000, now down to, what is that, $20,000 today, give or take? I watched that, and I watched all the companies come and go.”Cardano founder Charles Hoskinson speaking to Cointelegraph social media specialist Mada at Web Summit on Nov. 2Hoskinson said some DeFi projects had a limited “shelf life of maybe 6-12 months” and were “biased towards insider distribution,” as many in the space learned after the collapse of Terra:“The way things were constructed, [Terra] was wildly profitable for a few people, and those few people happened to be well connected to the space, and so they lifted it up, and they made billions of dollars, and they made it off the back of retail investors — which is wrong. It’s going to result in a regulatory crackdown in that particular area.”Related: Charles Hoskinson and Ethereum dev get into a war of words post-Vasil upgradeThe Cardano founder has frequently criticized the Ethereum protocol following his departure from the project, as well as the proof-of-work system connected to Bitcoin (BTC) mining. Like many other digital assets amid the market downturn, the price of Cardano’s native token (ADA) has fallen markedly since May, dropping more than 57% in six months to reach $0.38 at the time of publication.

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62% of Dogecoin hodlers in profit amid hopes of Twitter integration

62% of Dogecoin hodlers in profit amid hopes of Twitter integration

podľa | okt 31, 2022 | 0 |

Tesla CEO and billionaire Elon Musk’s acquisition of Twitter has tipped 62% of Dogecoin (DOGE) investors into profit, amid speculation that Musk’s Twitter-buy will be positive for the meme token.DOGE’s price rallied on Oct. 26 when billionaire entrepreneur Elon Musk changed his Twitter bio to “Chief of Twit” — the same day he visited Twitter’s San Francisco-based headquarters before officially closing the deal as the new owner on Oct. 28. In the past seven days, DOGE’s price has surged 98.5% to $0.119 at the time of writing, according to CoinGecko.This means that as much as 62% of DOGE holders are “Making Money at Current Price” according to data from blockchain intelligence platform IntoTheBlock — which even beats out Bitcoin (BTC) and Ethereum (ETH) hodlers at 54% and 57% respectively.The events have also triggered DOGE’s market cap to surpass smart contract platforms Cardano and Solana into becoming the 8th largest cryptocurrency in the world with a $16.3 billion market cap, according to CoinGecko. The link between Musk’s Twitter purchase and DOGE’s massive price surge should come as no surprise as many Dogecoin investors have high hopes for Musk — nicknamed “The Dogefather” — to integrate Dogecoin onto Twitter in some shape or form. Dogecoin fanatic and crypto blogger Matt Wallace told his 678,400 followers on Oct. 28 that he believes a Dogecoin-integrated Twitter would showcase “what #Dogecoin is capable of.”:Thanks to Elon Musk, Twitter will soon showcase to the entire world what #Dogecoin is capable of!— Matt Wallace (@MattWallace888) October 28, 2022While Dogecoin fan page “Doge Whisperer” speculated that a Dogecoin-based tip system could be implemented for popular tweets:Can’t wait for Twitter to add #dogecoin as an option for tippingWhat do you think @elonmusk ? pic.twitter.com/b7Eqz9hpEs— Doge Whisperer (@TDogewhisperer) October 30, 2022

Even Cardano CEO and founder Charles Hoskinson has weighed in — stating there is now a “real possibility” of Dogecoin integrating on to Twitter:Now that Twitter is in the hands of @elonmusk I can see a real possibility that doge will somehow merge with the platform.— Charles Hoskinson (@IOHK_Charles) October 28, 2022

Hoskinson then went one step further by offering to migrate Dogecoin on to Cardano as a sidechain with embedded smart contract functionality for free.Related: How Crypto Twitter could change under Musk’s leadershipIn Jan. 2022, Tesla began accepting DOGE as a payment method for merchandise purchases, with Musk also hinting at doing the same thing at SpaceX in May. 2022. The electric vehicle company also began accepting Bitcoin-based payment for its cars in Jan. 2021, despite the CEO taking the view that Dogecoin is “better suited for transactions” in Dec. 2021.

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