Charles Hoskinson, the founder of Cardano and a billionaire mathematician, recently addressed claims suggesting that three entities control Cardano. In a tweet, he responded to accusations that the Cardano Foundation, Input Output Global (IOG), and Emurgo dictate the network’s direction, supposedly making it less decentralized than Bitcoin.
Hoskinson Defends Cardano Against Centralization Accusations
Hoskinson dismissed these allegations as misinformation and part of ongoing FUD (fear, uncertainty, doubt) campaigns. He pointed out that debunking such claims requires substantial effort, saying, “It takes millions of dollars and years to correct the effort.” He also predicted that critics would continue spreading misinformation about Cardano even in 2030.
Hoskinson Acknowledges XRP’s Strength and Longevity
Earlier this month, Hoskinson made an unexpected statement that caught the XRP community’s attention and Ripple’s CTO, David Schwartz. He described XRP as “great technology” and recognized it as a global standard. His comment was in response to a tweet from Peter Schiff, who had reacted to former U.S. President Donald Trump mentioning ADA, XRP, SOL, ETH, and BTC as assets for a potential U.S. crypto reserve.
Related article: Cardano (ADA) Falls 5% Below $0.70 – What’s Next for Investors?
Schwartz, surprised by Hoskinson’s remarks, tweeted, “Am I dreaming?!” to which Hoskinson reaffirmed his stance. He praised XRP for surviving multiple market cycles and commended its strong and dedicated community.
By addressing these criticisms and acknowledging XRP’s resilience, Hoskinson continues to shape the conversation around blockchain decentralization and the future of cryptocurrencies.
