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

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Fri, 05/29/2020 - 18:20
Alex Dovbnya
Cardano founder Charles Hoskinson explains why he also talks about politics instead of simply ‘sticking to Cardano’
Cover image via U.Today
Contents

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.

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. 

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.

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