Charles Hoskinson, founder of Cardano (ADA), is getting bogged down in conflicts with the communities of competing cryptocurrencies. After Ethereum and Bitcoin, Hoskinson also had to deal with Ripple (XRP) again this week.
What has gotten into Charles Hoskinson? The founder of Cardano (ADA) has managed the feat of taking on the communities of three major cryptocurrencies in less than ten days. The conflicts are carried out on X, formerly Twitter, in front of a large audience. The most recent example is Ripple: provoked by a little mockery from the influential XRP supporter Huber aka Leerzeit, Hoskinson shot back so annoyed that a long-distance duel developed.
Hoskinson has been accused of suggesting in the fall of 2022 that the decisions of the US Securities and Exchange Commission (SEC) on cryptocurrencies could have been influenced by bribery. These comments were made in connection with the lawsuit between Ripple and the SEC over XRP. Now, however, Cardano (ADA) has also been targeted by the SEC and is classified as a security by the authority.
This has already led to an outburst of anger from Hoskinson towards Bitcoin (BTC) and the SEC. Ethereum (ETH) also recently got its comeuppance from Hoskinson on another front. And now Leerzeit for XRP is demanding that Hoskinson please focus on Cardano. But Hoskinson gets entangled in explanations as to why he is misunderstood. He is firmly committed to “conspiracy theories” about the SEC, but has never directly linked Ripple and XRP to them.
However, no one really believes him; the dispute with the XRP community had already driven Hoskinson to a “cry for help” in December 2022. This summer, Hoskinson even offered peace to the so-called “XRP army” via X. But then he again fails to simply put unity against the SEC above individual interests like Cardano.
Conclusion: Hooligan Hoskinson – when fanboys quarrel
If the SEC’s actions against ADA, XRP and other altcoins weren’t so serious, you could probably watch Hoskinson’s Twitter wars with popcorn. This is why prudent voices are calling for a united stand against the SEC. But Hoskinson breaks out of such a consensus again and again. He probably feels that the SEC could threaten Cardano’s existence. But is that why he keeps railing against other cryptocurrencies? Hoskinson is unlikely to become a gentleman, but his aggressive behavior could ultimately do Cardano more harm than good.
Leave a Reply