Charles Hoskinson, the founder of the Cardano blockchain, recently delivered an important message regarding the true purpose of cryptocurrencies. In a heartfelt post on April 25, Hoskinson used a quote from the 1938 song “I Don’t Want to Set the World on Fire” to illustrate the ideal of cryptocurrencies. He emphasized that crypto’s goal is not to cause chaos, but rather to ignite a passion within individuals.
This sentiment is shared by Vitalik Buterin, the co-founder of Ethereum, who has also spoken about the fundamental purpose of cryptocurrencies. Buterin has reiterated that cryptography is more than just token trading. It is a movement that aims to ensure freedom, privacy, and decentralization. He believes that Satoshi Nakamoto, the creator of Bitcoin, intended to go beyond simple digital transactions and empower individuals against centralized authorities.
Hoskinson expressed his concern about a negative trend he has observed in the industry. He referred to this trend as “Kayfabe,” which involves staged events and narratives that do not accurately reflect the state of the market. During a live broadcast, Hoskinson exposed the deliberate deception and promotion of selected projects by certain industry players, who pretend that these projects represent the reality of the market.
The founder of Cardano emphasized his mission to create a transparent and inclusive ecosystem where users can explore the Cardano network based on their interests. He highlighted the importance of decentralization, security, and transparency, citing the adoption of Cardano by Dubai Police to protect its criminal investigations as an example.
Hoskinson concluded by stating that Cardano is not focused on competitions and manufactured events that often dominate the cryptocurrency dialogue. Instead, the platform remains committed to its long-term vision and strong fundamentals.
Disclaimer:
The opinions expressed in this article are solely for informational purposes and should not be considered as financial or investment advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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