Throughout the decades, Gates’s influence waned year by year, and eventually got to a reduced role within the company, until he stepped down from the chairmanship of Microsoft.Ĭryptocurrencies are no different. It was a monarchy under a king with absolute power – Bill Gates. There is no greater example than Microsoft. As you get larger over time, you lose your ability to influence the ecosystem unilaterally. When you start something, you’re very small, very fragile and you need to have a lot of consensus to be able to get things where they need to go. How do you feel about being the person to fill that role for Cardano, and how do you think this kind of idolatry affects the Blockchain community?Ĭharles Hoskinson: It can be a good thing if there is proper balance of powers and the people at the top use their influence to move the currency along. U.Today (Katya Michaels): In the crypto space, often there is an ideological leader associated with a cryptocurrency – Satoshi Nakamoto, Vitalik Buterin, Charlie Lee, Roger Ver. In the past month, Cardano’s community Guardians of Cardano and the two companies working on the platform’s development, IOHK and Emurgo, have published open letters expressing concerns about the governance and operations of the Cardano Foundation.Ĭharles Hoskinson, CEO of IOHK, the engineering company responsible for building the Cardano Blockchain, sat down with U.Today at the StartEngine Summit in Santa Monica to talk about what happened with the Cardano Foundation, the significance of original research and the main purpose underneath it all – providing access to the global financial market for the billions of people who don’t have it. Even among the top 10 coins, some enjoy – or rely on – a certain degree of hype, while others maintain their impressive market caps and continue building their products in relative media obscurity.Īlthough Cardano is usually one of such “un-hyped” projects, quietly focused on extensive research and dedicated engineering, the platform has been in the spotlight recently. As an investor, looking into the teams, technology, product and culture behind each coin is a daunting proposition, although that’s the best way to go about crypto investment. With over two thousand altcoins on the cryptocurrency market, it can be difficult to determine what distinguishes them from each other.
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