Bitcoin maximalists continue on the warpath with altcoins, but Hoskinson is not having any of it.
In a tweet earlier today, Cardano’s Charles Hoskinson shot back at a Bitcoin maximalist who claimed that Hoskinson had the power to decide and carry out a burn of ADA tokens as he tried to paint the proof-of-stake (PoS) blockchain network as highly centralized.
However, the Cardano chief was in no mood to tolerate any Cardano smear campaign. “Bitcoin maxis are beyond stupid. I can’t even force the Vasil hard fork, and everyone wants it,” Hoskinson wrote in the tweet.
Bitcoin maxis are beyond stupid. I can't even force the vasil hardfork and everyone wants it https://t.co/bR4FoAYikq
— Charles Hoskinson (@IOHK_Charles) September 8, 2022
Meanwhile, it bears mentioning that the Cardano founder remains opposed to burning ADA tokens in a bid to boost its value. According to Hoskinson, such a move requires ADA to be removed from holders and destroyed.
Notably, the Input-Output Global (IOG) chief has not held back against Bitcoin maximalists this year. In recent months, Hoskinson has called out the likes of MicroStrategy’s Michael Saylor and long-time Bitcoin developer Jimmy Song for their comments criticizing PoS networks. According to Hoskinson, maximalists are intellectually dishonest.
The Cardano chief firmly believes that blockchain technology should be allowed to evolve and has in the past pointed out the inadequacies of Bitcoin. According to Hoskinson, Bitcoin maximalists are hypocritical as they plan to solve problems with Bitcoin, like lack of scalability and lack of programmability with Layer 2 solutions which he asserts are very centralized.
Notably, the Cardano network is on the brink of a significant upgrade called the Vasil hard fork. IOG and Hoskinson have revealed that they expect the upgrade to launch on September 22. The upgrade promises to improve the network’s throughput and smart contract functionality, ushering in the development of thousands of decentralized applications(dApps).
As reported by The Crypto Basic, Cardano’s research and development company, Input Output Global (IOG), recently introduced a new consensus protocol to decrease the energy waste of Proof-of-Work (PoW) blockchains.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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