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

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

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. 

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.

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

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.)