Charles Hoskinson Answers if Cardano Is a Dead Ecosystem; Takes Jibe at Arthur Hayes and Raoul Pal

Charles Hoskinson recently appeared on Thinking Crypto’s latest podcast. The founder said that Cardano is on the brink of its biggest governance upgrade ever, which he believes will be a game-changer not just for the project but possibly for the entire industry. He also opened up about their strong plans for scalability and the active community involvement seen at events like Rare Evo and the Cardano Foundation Summit. 

Charles spoke about the growing ecosystem of DeFi projects and dApps developed internally, without external funding or influences. However, he expressed frustration at constant claims on platforms like Twitter and in crypto media that Cardano is dead or irrelevant. 

He said, “I think there’s a great impatience where people don’t see the price moving up and so they instantly infer, well if that’s the case, it must mean that it’s a dead ecosystem and it’s in a great decline.”

The founder stressed that the community rarely gets lost; instead, it often develops an immune system that naturally pushes out incompatible projects. Without naming names, he mentioned that some projects do disappear, but this is part of a healthy, vibrant ecosystem. The continuous growth, evolution, and tackling of significant challenges indicate that the ecosystem will thrive for the next 5, 10, or 20 years.

 “I think the biggest issue in marketing right now is the preconceived notions that have taken root. Figures like Arthur Hayes and Raoul Pal throw shade at us, dancing around the issue, but they belong to previous generations,” he added.

Despite this growth, he noted the lack of acknowledgement from crypto media. He suggested that crypto VCs might be pulling strings to ensure capital doesn’t flow to Cardano because they are backing specific assets.

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