Bitcoin News
By Evie Vavasseur
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Charles Hoskinson, founder of Cardano and CEO of IOHK, delivered a forceful critique of the Cardano Foundation (CF) during his latest AMA, marking one of his most direct public…
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Hoskinson explained the decision to prevent the Cardano Foundation from claiming NIGHT tokens as a necessary measure to protect network integrity. “We built it. It’s my money.
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He suggested that allowing the CF to redeem tokens could create an adversarial governance bloc.
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The Cardano founder did not hold back in his criticism. He noted that much of the resources previously allocated to the CF were squandered, stating, “At what point does the…
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While criticizing the CF, Hoskinson highlighted the Midnight Foundation’s proactive approach.
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Hoskinson also pointed to Intersect, Cardano’s members-based body, as a success story in community governance. “You already have a members-based organization.
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Hoskinson underlined the ongoing strategic expansion of Cardano through partnerships and exchange integrations.
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He also revealed that IOHK is working closely with Chainlink on a first-ever UTXO deployment, a move aimed at advancing Cardano’s technical capabilities.
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The Cardano founder delivered a sweeping critique of the CF’s governance and resource management.
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He also suggested that the CF’s actions have contributed to reputational challenges. “Members of the organization have subtly accused us of misappropriating funds.
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Hoskinson reassured the community that an audit report examining the CF’s history and financial management is near completion.
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“The purpose is sunlight. You put it all out there. The conclusions will be very positive and favorable to Input Output,” he said, underscoring a commitment to accountability and…
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Hoskinson emphasized that the Midnight rollout will benefit Cardano and its community rather than detract from it.
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As of press time, ADA traded at $0.8795, reflecting the market’s continued interest in Cardano projects and the broader adoption of blockchain-based initiatives.
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Charles Hoskinson’s recent AMA highlights the stark contrast between the Cardano Foundation and the Midnight Foundation.
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