Altcoin News: Cardano Founder Criticized Bitcoin SV, EOS, and Justin Sun

June 10, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The head of IOHK, known for developing the 11th largest Cardano cryptocurrency (ADA), Charles Hoskinson, during the regular release of the YouTube channel The Cardano Effect, shared his thoughts on the state of the cryptocurrency industry and the location of individual projects in it.

Hoskinson’s comments were related to the release of an updated version of the Cardano roadmap, in which IOHK promised to make its project 100 times more decentralized than the Bitcoin blockchain.

“We don’t think much about investors. The investment declaration of the cryptocurrency industry itself is a bit strange — something grows for no reason, but something falls, also for no reason,” he said.

As an example, the founder of the ADA pointed to the Bitcoin SV cryptocurrency.

“Though burst, I can‘t understand how Bitcoin SV could take off only because of the ostentatious issuance of copyright. This is the factor I see more like manipulation,” said Hoskinson.

He also touched on the recent “high-profile announcement” of the parent company of the blockchain project EOS, which announced the creation of its own social network called Voice. Hoskinson, like a number of other community members, is confident that Block.One did not live up to the expectations placed on it, the appearance of which was promoted by its own announcements.

Hoskinson did not forget to mention Justin Sun’s TRON, who was fortunate enough to purchase for $4.6 million for the right to have dinner with Warren Buffett. According to the creator of Cardano, Sun has simply “been out of ideas” to promote his cryptocurrency.

“It’s incomprehensible what they are forced to do in order to make the hype ,” he added.

Author: Marko Vidrih