Wednesday, August 10, 2022
Home Crypto News Market Dragonfly Capital’s Managing Partner Says Cardano Has Religion Without Technology, Charles Hoskinson...

Dragonfly Capital’s Managing Partner Says Cardano Has Religion Without Technology, Charles Hoskinson Reacts

- Advertisement -
Follow-Us-On-Google-News

 

Charles Hoskinson gave a sarcastic response to comments about Cardano being more of a religious community. 


In a recent interview, Haseeb Qureshi, the Managing Partner of Dragonfly Capital, disclosed the reason why some of the big players in the cryptocurrency space are disassociating themselves from Cardano. 

Quereshi said “super rich and powerful and extremely attractive people” do not think about investing in Cardano because the project has only religion and no technology. 

“Every investor understands that cryptocurrency is a combination of technology and religion. You have to have both. You can’t just have one,” Quereshi was quoted as saying. 

He said while Cardano has religion, the popular crypto project does not have the necessary technology to attract rich investors. 

“The problem is that if it has only religion without technology, you will become more of a religious community. And technologists are very turned off by that,” he added. 

Cardano Enthusiasts Blast Quereshi

Quereshi’s derogatory comments about Cardano angered supporters of the project, who took to the comment section on Twitter to air their grievances. 

A major Cardano influencer who goes by the pseudonym ADA Whale was among the people who bashed Quereshi for saying Cardano has only religion without technology. 

ADA Whale shared an old tweet from the Cardano development team, Input Output Global (IOG), showing the technological roadmap of the blockchain. 

Cardano Founder Reaction

While many Cardano enthusiasts openly blasted Quereshi for the comment, Charles Hoskinson, Cardano’s founder, responded with a caustic response. 

Hoskinson noted that since Cardano only has religion, they should pack up and leave the project, shut down all research academies, fire all engineers, and buy some religious robes while leaving. 

“Need some volunteers for pricing bulk kool-aid orders,” Hoskinson said, adding: “We might as well shut down all those academic research centers and fire hundreds of engineers while we are at it.” 

Meanwhile, Hoskinson has publicly slammed venture capitalists for not supporting Cardano like other projects. 

However, he noted that since VCs do not want to give Cardano the needed support to push the project to greater heights, the community will rally around to get things done themselves.  

- Advertisement -

Disclaimer

The content is for informational purposes only and 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.

Albert
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Metaverse Memecoin Tamadoge Raises $1 Million Midway Through Its Beta Sale

London, UK, 10th August, 2022, ChainwireTamadoge, the P2E metaverse meme coin, has raised $1 million after just 12 days of its beta sale. The...

Vitalik Buterin, Justin Sun, Binance, FTX Join 440 Addresses Receiving 0.1 Ethereum From Sanctioned Tornado Cash

  Binance and FTX Join the 440 Addresses That Received 0.1 ETH From Sanctioned Tornado Cash. window.coinzilla_display =...

Nigerians Can Now Pay Their Utility Bills With Bitcoin

  Cryptocurrency is now accepted for utility payments in Nigeria. window.coinzilla_display = window.coinzilla_display || ; ...

GALA, The World-Leading Web3 Company, Spearheads A New ERA Of Entertainment With GALA FILM

Jackson, USA, 9th August 2022, Chainwire Announce Partnership With Stick Figure Productions to Distribute Four Down Executive Produced by Dwayne Johnson and More. Gala, one of...

XRP Shuffling Continues, 375 Million XRP Moved Around Ripple, Exchanges, and Unknown Wallets 

  Whale Alert continues to keep tabs on these large XRP movements. window.coinzilla_display = window.coinzilla_display || ; ...

Ethereum Proof-of-Work Fork (ETHPOW) Driven By Miners To Abolish EIP-1559

  EIP-1559 will be abolished in the Ethereum proof-of-work (PoW) fork. window.coinzilla_display = window.coinzilla_display || ; ...

CryptoCom CEO: Crypto Industry Will Comeback Very Strongly

Crypto Industry Will Come Back Very Strongly, says the world's top exchange CEO. window.coinzilla_display = window.coinzilla_display ||...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.