Cardano Founder Says The Old System Is Breaking Down
Charles Hoskinson, founder of Cardano, argues that the current downturn in crypto and other markets is a symptom of a broader systemic collapse, not a crypto-specific failure. In a livestream, he described a world in crisis due to war, inflation, and a loss of institutional legitimacy. Hoskinson positioned crypto as the essential infrastructure for a new, fairer system that can bank the unbanked, provide universal digital identity, and create equitable global markets. He defended the long-term purpose of crypto amidst market weakness, linking it to censorship resistance and the future regulation of AI. He also revealed that AI tools are drastically accelerating development, citing the near-launch of Cardano's privacy chain, Midnight. His overarching message was that crypto serves as a vital trust and control layer for a dysfunctional world.
bitcoinist03/24 03:02