cardano founder Charles Hoskinson shared his thoughts on Michael Saylor’s designation of Cardano as a security at a recent AMA (“Ask Me a Question”) session in Mongolia.
Hoskinson, present cryptocurrency He compared Michael Saylor to Tone Vayes in the market. Giving information about who this person is, Hoskinson said that Vays used to be a very popular name and bitcoin He said that he claims everything other than that is a scam.
Hosk noted that now Michael Saylor has replaced him, saying that “Bitcoin is the right way” and everything else is a scam or security.
@IOHK_Charles front @saylor claiming #Cardano as a security pic.twitter.com/f5VnxxJPa3
— $RealADAWhale (@RealADAWhale) July 16, 2022
Charles Hoskinson: “Cardano Is Better Than Bitcoin In Many Ways”
Charles Hoskinson said that the ADA ecosystem is much more decentralized than Bitcoin and has many more uses than BTC, which is just a means of accumulation of value.
According to Hoskinson, people use the ADA token not only to make money from trading, but also to spend on numerous Cardano-based projects and products.
However, Michael Saylor claims that the ADA token is a security. Hoskinson said that the only real use case for BTC is to speculate, and yet no one calls BTC a security.
Hoskinson also warned that Saylor will go bankrupt if Bitcoin does not progress as expected.
Michael Saylor, who recently made a statement, claimed that Ethereum is also a security.
*Not investment advice.