Cardano Founder Charles Hoskinson Explains Why Crypto Companies Can't Stay Neutral on Politics

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Fri, 05/29/2020 - 18:20
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Alex Dovbnya
Cardano founder Charles Hoskinson explains why he also talks about politics instead of simply ‘sticking to Cardano’
Cardano Founder Charles Hoskinson Explains Why Crypto Companies Can't Stay Neutral on Politics
Cover image via U.Today
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In a new YouTube video Charles Hoskinson, the CEO of Cardano, says that the cryptocurrency industry cannot stay mum on political issues.

Hoskinson says that its impossible to separate crypto from the political reality that we live in since it’s redefining it.

 

During an interview with U.Today, Hoskinson predicted that that new forms of governments would emerge in 50 years, with state-of-the-art technologies performing some tasks like controlling pandemics.   

The Trump-Dorsey showdown 

As of lately, numerous cryptocurrency members, not just Hoskinson, started to excessively talk about politics following the clash between U.S. President Donald Trump and Twitter CEO Jack Dorsey.  

Dorsey, whose company has long been accused of having a bias against conservatives, flagged Trump’s tweet about electoral fraud.

In retaliation, Trump announced that we would sign an executive order that would severely restrict social media’s content moderation abilities.   

Dorsey escalated the conflict between the government and corporate America by hiding Trump’s tweets about looting in Minneapolis for ‘glorifying violence.’

While some praised Dorsey, a staunch Bitcoin proponent, for fact-checking the POTUS, his action also attracted criticism from some prominent members of the cryptocurrency community, including the Winklevoss twins.

Winkevolss
image by twitter.com

 

'Stick to Cardano'   

Hoskinson says that it’s ‘laughable’ when people tell him to stay out of politics and stick to Cardano.     

There's not  going to be a case where suddenly I can wake up and say ‘Oh, well, this is a  neutral platform we don't take a position on anything because the very design of the system decides what you are allowed to do.’

The IOHK CEO names the American voting system as an example -- his vote is not going to matter in Colorado since it’s a blue state.  

Furthermore, As the head of a global company, Hoskinson says that he’s also concerned about politics in Japan, Greece, and some African countries where they have ‘presidents for life.’

We are all in politics together. All of us. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

News
Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
Cover image via stock.adobe.com
Contents

While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)