Cardano founder takes a jab at market experts who claim Cardano is nothing but “religion”
Charles Hoskinson, the head of IOG, the company that built the Cardano proof-of-stake blockchain, has taken to Twitter to respond to critics who claim that Cardano misses the technical part, leaving its community only for religion. offer.
They also claim that “big investors” do not even consider Cardano an investment option.
“Cardano is only a religion, it has no technology”
In a recent episode of the “Crypto Banter” podcast, several experts came together (Messari Ryan Selkis Founder, Dragonfly Capital Managing Partner Haseeb Qureshi and Avichal Garg – Electric Capital Managing Partner, Serial Entrepreneur and an Angel Investor). The podcast was hosted by CNBC crypto trader Rann Neuner, who founded “Crypto Banter”.
In the video extract published on Twitter by user @StakeWithPride Haseeb Qureshi stated that “all big smart money investors” do not think about Cardano . “They don’t spend time on it, they don’t investigate it”.
Reflecting on the question of why these people reportedly don’t think about the largest proof-of-stake blockchain and its native token ADA, they then shared their belief that crypto is “a combination of technology and religion”. . Qureshi claimed that any crypto must have both.
“Cardano has religion without technology”, he claimed with the host agreeing with him. After that, Ran NeuNer shared that he believes that unlike Ethereum and Solana, Cardano and Charles Hoskinson have taken a slow approach to do build their blockchain in a profound and academic way with no rush and attention to every detail. Thus, “we are very early in the race”, he said.
However, what worries them about Cardano is that they don’t see a lot of growth activity on the chain or a lot of venture capital funding in it. He also said that he doesn’t see a lot of projects being built on Cardano.
Hoskinson posts his response
Cardano founder posted a sarcastic tweet in response to that video, saying that since Cardano only has religion without tech, all dev teams should pack their bags and he should probably also shut down all academic research centers and fire hundreds of IT engineers.
Whales buy $138 million in ADA
As previously covered by U.Today, Shark and Whale crypto addresses bought $138 million worth of ADA in mid-June after a major price drop. About $80 million in ADA was still purchased in early July.
Santiment agency believes that if this trend continues in August, the situation could “get interesting”.
