{"id":574754,"date":"2024-02-13T02:00:36","date_gmt":"2024-02-13T02:00:36","guid":{"rendered":"https:\/\/wncen.com\/?p=574754"},"modified":"2024-02-12T20:24:53","modified_gmt":"2024-02-12T20:24:53","slug":"cardanos-future-revealed-founder-would-love-to-be-the-taylor-swift-of-blockchain","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/cardanos-future-revealed-founder-would-love-to-be-the-taylor-swift-of-blockchain\/","title":{"rendered":"Cardano\u2019s Future Revealed: Founder Would \u201cLove To Be The Taylor Swift Of Blockchain\u201d"},"content":{"rendered":"

Charles Hoskinson, co-founder of Cardano, joined Discovery Crypto to discuss his thoughts about the state of the crypto space, what current developments in the industry suggest, and the network’s future as the \u201cTaylor Swift of Blockchains.\u201d<\/p>\n

Related Reading: Top-Trader Picks Cardano As Bull Market Leader: Here\u2019s Why<\/a><\/div>\n

Cardano\u2019s Big Reputation<\/em><\/h2>\n

The recent interview<\/a> sparked a discussion about Cardano\u2019s relationship with crypto exchanges like Gemini and other figures in the crypto industry, as the interviewers suggested there appears to be a \u201ccoordinated effort to minimize Cardano\u2019s impact.\u201d<\/p>\n

During this discussion, Charles Hoskinson noted that most players in the crypto space seem to “fear” Cardano for \u201cdoing everything right\u201d since the beginning. Hoskinson listed factors like liquid staking and its growth without Venture Capital (VC) funding as crucial elements that make Cardano \u201cpretty scary.\u201d<\/p>\n

When asked why stablecoins like USDC are not on the Cardano blockchain, it was highlighted that the reason is neither economical nor technical. Instead, the conversation indicates a seeming \u201clack of a strong desire to engage\u201d with the blockchain and its projects.<\/p>\n

Following the discussion, Hoskinson expressed his thoughts and concerns on asset-backed stablecoins, affirming that he doesn\u2019t like them and they \u201care not crypto\u201d despite 80-90% of the real money velocity and value transactions that happen on-chain being done through them.<\/p>\n

The Cardano founder considers the highly centralized state of asset-backed stablecoins as a concerning matter, as they grant control over the crypto space to a few entities:<\/p>\n

\n

At the end of the day, they\u2019re controlled by centralized entities, and the problem when you look at asset-backed stablecoins connect them to CEXs, centralized exchanges, they have gargantuan and enormous control and now we have a new actor, ETFs, and a huge amount of control over crypto. So, 10 companies now basically control the cryptocurrency space.<\/p>\n<\/blockquote>\n

Hoskinson\u2019s View Of The Crypto Industry\u2019s Future<\/h2>\n

The current developments of the crypto space are also a matter of concern for Cardano\u2019s founder, with the recent tendencies and developments leaning towards a “road opposite of the original mission for cryptocurrencies: financial freedom.<\/p>\n

To Hoskinson, the crypto market is handing \u201csoft power\u201d to a handful of regulated entities that control the value and volume of the crypto industry instead of aiming to take down \u201cbanks and legacy financial systems.\u201d<\/p>\n

Cardano\u2019s founder considers asset-backed stablecoins inevitable and highlighted that Cardano \u201cis not looped into that, but eventually it will happen.\u201d<\/p>\n

However, he believed addressing his concerns was necessary as they weren\u2019t \u201ccompatible with the long-term cryptocurrencies being decentralized\u201d and would generally affect the industry.<\/p>\n

To address this concern, Cardano\u2019s team has extensively researched algorithmic stablecoins, as Hoskinson considers them a potential solution more suitable for the crypto industry.<\/p>\n

Lastly, Cardano\u2019s founder closed the interview by comparing American Singer Taylor Swift and the crypto industry<\/a>, jokingly suggesting that compared to the 14th Grammy winner, nobody knows who Charles Hoskinson is.<\/p>\n

However, the interviewer pointed out that, like Swift, Cardano could follow a similar trajectory and grow from a smaller and niche artist to a globally recognized and mainstream figure with a significant impact on the world. Hoskinson replied that he “would love to be the Taylor Swift of Blockchain.”<\/p>\n

Related Reading: Cardano Bulls Come Out To Play: Buy Orders Dominate As ADA Price Soars<\/a><\/div>\n

\"ADA,<\/p>\n

ADA is trading at $0.5419 in the hourly chart. Source: ADAUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from Unsplash.com, Chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Charles Hoskinson, co-founder of Cardano, joined Discovery Crypto to discuss his thoughts about the state of the crypto space, what current developments in the industry suggest, and the network’s future as the \u201cTaylor Swift of Blockchains.\u201d Related Reading: Top-Trader Picks Cardano As Bull Market Leader: Here\u2019s Why Cardano\u2019s Big Reputation The recent interview sparked a discussion about Cardano\u2019s relationship with crypto exchanges like Gemini and other figures in the crypto industry, as the interviewers suggested there appears to be a \u201ccoordinated effort to minimize Cardano\u2019s impact.\u201d During this discussion, Charles Hoskinson noted that most players in the crypto space seem to “fear” Cardano for \u201cdoing everything right\u201d since the beginning. Hoskinson listed factors like liquid staking and its growth without Venture Capital (VC) funding as crucial elements that make Cardano \u201cpretty scary.\u201d When asked why stablecoins like USDC are not on the Cardano blockchain, it was highlighted that the reason is neither economical nor technical. Instead, the conversation indicates a seeming \u201clack of a strong desire to engage\u201d with the blockchain and its projects. Following the discussion, Hoskinson expressed his thoughts and concerns on asset-backed stablecoins, affirming that he doesn\u2019t like them and they \u201care not crypto\u201d despite 80-90% of the real money velocity and value transactions that happen on-chain being done through them. The Cardano founder considers the highly centralized state of asset-backed stablecoins as a concerning matter, as they grant control over the crypto space to a few entities: At the end of the day, they\u2019re controlled by centralized entities, and the problem when you look at asset-backed stablecoins connect them to CEXs, centralized exchanges, they have gargantuan and enormous control and now we have a new actor, ETFs, and a huge amount of control over crypto. So, 10 companies now basically control the cryptocurrency space. Hoskinson\u2019s View Of The Crypto Industry\u2019s Future The current developments of the crypto space are also a matter of concern for Cardano\u2019s founder, with the recent tendencies and developments leaning towards a “road opposite of the original mission for cryptocurrencies: financial freedom. To Hoskinson, the crypto market is handing \u201csoft power\u201d to a handful of regulated entities that control the value and volume of the crypto industry instead of aiming to take down \u201cbanks and legacy financial systems.\u201d Cardano\u2019s founder considers asset-backed stablecoins inevitable and highlighted that Cardano \u201cis not looped into that, but eventually it will happen.\u201d However, he believed addressing his concerns was necessary as they weren\u2019t \u201ccompatible with the long-term cryptocurrencies being decentralized\u201d and would generally affect the industry. To address this concern, Cardano\u2019s team has extensively researched algorithmic stablecoins, as Hoskinson considers them a potential solution more suitable for the crypto industry. Lastly, Cardano\u2019s founder closed the interview by comparing American Singer Taylor Swift and the crypto industry, jokingly suggesting that compared to the 14th Grammy winner, nobody knows who Charles Hoskinson is. However, the interviewer pointed out that, like Swift, Cardano could follow a similar trajectory and grow from a smaller and niche artist to a globally recognized and mainstream figure with a significant impact on the world. Hoskinson replied that he “would love to be the Taylor Swift of Blockchain.” Related Reading: Cardano Bulls Come Out To Play: Buy Orders Dominate As ADA Price Soars ADA is trading at $0.5419 in the hourly chart. Source: ADAUSDT on Tradingview.com Featured image from Unsplash.com, Chart from Tradingview.com<\/p>\n","protected":false},"author":614,"featured_media":574761,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,79508,87294,11170,12332,15237,84139,1286],"class_list":["post-574754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-adausdt","tag-algorithmic-stablecoins","tag-asset-backed-currency","tag-cardano","tag-cardano-charles-hoskinson","tag-cardano-founder","tag-charles-hoskinson"],"acf":[],"yoast_head":"\nCardano Founder Wants \u201cTo Be The Taylor Swift Of Blockchain\u201d<\/title>\n<meta name=\"description\" content=\"In a recent interview, Cardano founder talked about the blockchain\u2019s future and some concerns about the development 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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