Cardano founder Charles Hoskinson defended some of his past criticism of Dogecoin after offering an olive branch
cardano founder Charles Hoskinson Twitter recently got into a fight with Dogecoin co-founder Billy Marcus after the former complained that his recent video had been taken down from the r/Dogecoin subreddit.
Hoskinson recently recorded a video that explains how Elon Musk’s Twitter could integrate the meme cryptocurrency in the form of a Cardano sidechain. However, the community behind the meme doesn’t seem to be very appreciative of the idea.
After Hoskinson’s post was removed from the subreddit, Marcus recalled how the Cardano founder slammed Dogecoin as a bubble in April 2021 when the bitcoin parody was in the midst of a blistering rally. Musk’s sycophant said that Doge would not use Cardano “for anything”.
Hoskinson defended his criticism of the meme cryptocurrency, arguing that the ownership of the cryptocurrency is skewed to just a few wallets. He also went on to accuse Dogecoin of a lack of decentralization after Markus categorically rejected the idea of using the Cardano blockchain.
Hoskinson argues that his recent video was an olive branch. At the same time, he is convinced that the meme coin needs “innovation” and “utility” because it would collapse without another billionaire mentor.
As reported by U.Today, Hoskinson recently said that he wasn’t going to retire despite facing severe criticism within the cryptocurrency community.
Meanwhile, the price of Dogecoin keeps on sinking As Musk’s Twitter is shaping up to be a disaster.
