Cardano’s Charles Hoskinson

Cardano’s Charles Hoskinson

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September 9, 2022 by Lipika Deka

Cardano founder Charles Hoskinson once again found himself under the target of the Ethereum Classic community member who accused the former of profiting from ETC miners by imposing a 20% miner tax.

The ETC advocate brought up Hoskinson’s name during the discussion of the future of the asset.

In his response, Hoskinson lamented that he was still sad about what happened to the project calling it dead and with no purpose for existence.

I love how a sustainable development fund turns into a miner tax. ETC still gives me sadness for what could have been. It’s a dead project with no purpose or real compelling argument to exist outside of spite.

Cardano’s tryst with ETC goes back to 2014 when he exited from the Ethereum project due to disagreements with Buterin over the project’s open-source, nonprofit structure. Having backed the hard fork in 2016, he eventually became a member of the Board of Directors.

Soon differences cropped after the ETC community rebuffed his proposal for the formation of a decentralized treasury system similar to that of Cardano.

His initial proposal for a development fund was rejected by other devs who feared that cutting down miner rewards would force them to exit the network.

After the latest accusation, Hoskinson chose to give his side of the story in his video podcast aptly titled “Beating Dead Horses.” He claimed that ETC members were harassing him to return the Twitter handle of the Ethereum Classic to the community, which is still under his possession at the moment.

Hoskinson, in turn, offered two options, one of which is to pay him millions of dollars for the development of Ethereum Classic or to agree that no one owes anything more.

Cardano Founder Says This On ADA’s Price Dip

The Input-Output CEO recently spoke about the recent price drawdown, saying that markets are “disconnected” from reality.

“Cardano has never been stronger and frankly many other projects are also solid across the industry, yet you don’t see that reflected- just a sea of red. Macro factors always win out.”

He then went on to add that the focus should instead be on finding the true purpose of the technology. “Cardano is changing the world thanks to all of you and our best days are ahead of us,” he added.

ADA’s price has pulled back by more than 7% in the past 24 hours. The asset is currently sitting at $0.46.

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