From the Web Summit in Lisbon, Charles Hoskinson speaks on appreciating worthwhile blockchain projects.
“Just ‘cause you’re on top today, you’re not always going to be,” said Hoskinson. “Great cryptocurrencies have to go through several collapses. I was in Bitcoin when it was under a dollar, and I watched it go from a dollar to $30, to $40, to $256, to $80, to $1,200, to $250, to $20,000, to $4,000, to $64,000, now down to, what is that, $20,000 today, give or take? I watched that, and I watched all the companies come and go.
Cardano founder Charles Hoskinson speaking to Cointelegraph social media specialist Mada at Web Summit on Nov. 2 Hoskinson said some DeFi projects had a limited “shelf life of maybe 6-12 months” and were “biased towards insider distribution,” as many in the space learned after the collapse of Terra: “The way things were constructed, [Terra] was wildly profitable for a few people, and those few people happened to be well connected to the space, and so they lifted it up, and they made billions of dollars, and they made it off the back of retail investors — which is wrong. It’s going to result in a regulatory crackdown in that particular area.”
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Cardano Developer Adds Former Intertrust Cryptographer to Its Team.InputOutputHK has welcomed vanishree_rao as its head of applied cryptography
Leer más »
Cardano Hidden Signal Shows Why It May Bounce Soon: Crypto Market Review, November 2Market recovery has ended with assets like $APT and $ADA returning to their pre-pump levels
Leer más »
Update on Cardano from FTX CEO Causes Frustration Following MASK ListingFTX CEO provides controversial update on Cardano after $MASK listing ftx ftt cardanoada cardanocommunity masknetwork mask $ftt $ada
Leer más »
'Pre-Mined ADA Myth' Busted by Cardano Community: DetailsNo, ADA tokens that were allegedly 'pre-mined' by Cardano's key early entities pose no threat to its sustainability
Leer más »
Cardano Founder Has Project in Development Since 2018, Plans to Announce It SoonICYMI: Cardano's Charles Hoskinson is going to announce the project he has been working on since 2018 on November 18-19 ADA $ADA CardanoADA
Leer más »