The founder of Cardano responds to “Michael Saylor” who stated that the ADA digital currency is a security… Here is what he said!
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Answer The founder of Cardano responds to “Michael Saylor” who stated that the ADA digital currency is a security… Here is what he said!
In the Ask Me Anything session broadcast from Mongolia, Cardano founder Charles Hoskinson shared his thoughts on Michael Saylor, who recently described Cardano as a security and security token.
Hoskinson responded to Saylor’s allegations about the ADA and likened him to Tony Weiss, who had earlier likened anything other than Bitcoin as a scam and told Hoskinson that Michael Saylor had taken Tony Weiss’s place, saying that Bitcoin It is the best and everything else is a scam or security.
The founder of Cardano also mentioned that Cardano is more practical than Bitcoin, as it has much more utility than Bitcoin and that the latter is just a store of value. on Cardano.
Hoskinson added that Michael Saylor described ADA as just a security, while the only truth of Bitcoin is that it is a store of value and no one describes Bitcoin as a security.
Hoskinson also warned that if Bitcoin does not work the way Saylor expects, the latter will go bankrupt.
The Cardano founder also admitted that he does not pay much attention to the CEO’s allegations of “MicroStrategy” and does not believe that arguing with him about ADA would be a productive conversation.
He also shared his view on Bitcoin extremists, describing them as the most difficult and pointless people to deal with.
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