Wednesday, November 30, 2022
HomeCrypto NewsMarketCardano's Charles Hoskinson Mocks Tesla and Bitcoin Maximalists As Tesla Failed To...

Cardano’s Charles Hoskinson Mocks Tesla and Bitcoin Maximalists As Tesla Failed To Maintain Its Bitcoin Diamond Hands

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Hoskinson trolls Bitcoin maximalists yet again.

In a tweet on Sunday, input Output Global (IOG) founder Charles Hoskinson trolled Tesla and Bitcoin maximalists as crypto Twitter reacted to the news that Tesla had sold 75% of its Bitcoin holdings.

“WHOOPS! LOOKS LIKE THAT DIDN’T WORK EITHER,” the caption for a GIF posted by the Cardano chief read in response to a reaction over an Elon Musk tweet last year that Tesla had no intention of selling its Bitcoin, making reference to the popular diamond hands slang with emojis.

It is worth noting that Hoskinson has not held back against Bitcoin maximalists in recent times. For example, in an ask me anything session last Saturday, the IOG founder said Bitcoin maximalists are intellectually dishonest, adding that they are “the most difficult, toxic and useless people to engage with,” in response to claims by Michael Saylor that altcoins are securities while Bitcoin is not.

Tesla’s report that it had sold nearly $1 billion in Bitcoin in Q2 2022 surprised crypto enthusiasts and was not received well by Bitcoin maximalists. Michael Saylor, popular Bitcoin evangelist, and CEO of MicroStrategy, the largest corporate holder of Bitcoin, cryptically tweeted, “If you sell 75% of your bitcoin, you will only have 25% of your bitcoin left.”

This month alone, Hoskinson has slammed long-time Bitcoin developer Jimmy Song twice over his arguments on how the proof-of-work (PoW) consensus mechanism is superior to proof-of-stake (PoS). “The level of stupidity here is beyond explanation,” Hoskinson tweeted in response to Song’s arguments.

It is worth noting that Hoskinson has rarely missed a chance to clap back at perceived ADA detractors. Most recently, the IOG chief mocked competitor Solana, again comparing the network to faulty old Nintendo consoles.

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Mark Brennan
Mark Brennan
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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