In a recent YouTube video, Charles Hoskinson highlighted the rapid growth of the Cardano ecosystem (ADA) and highlighted concerns raised by other members of the crypto community over the past year.
“We live in a world where arbitrary groups of people can check facts and determine what is legal,” Hoskinson said, referring to the government’s stance on cryptocurrencies. He pointed out that the vast majority of economic crimes are committed in US dollars or other paper currencies.
The growth of the cryptocurrency ecosystem may be slower this year than it was in 2022, according to Hoskinson:
“It’s hard to argue with a $2.5 trillion industry and imagine where it’s going. I think we, as an industry, will absorb the consequences of such rapid growth, for better or worse.”
He also highlighted the need to change the “weird Silicon Valley mantra of moving things around and destroying things quickly” in cryptocurrencies, which led to $10.5 billion in losses in decentralized finance (DeFi) in 2021. Highlighting Cardano’s slow and methodical approach, Hoskinson:
This is why venture capitalists don’t even realize that Cardano has a community. They think I’m just behind the microphone. ”
Hoskinson also said that Cardano would gradually move to a permanent open source project, and compared it to Linux. He hopes to move from a hierarchical structure to open source DApps developed by members of the Cardano community:
“[Developers] must also commit to having at least one of their developers participate in the Cardano protocol.”
In the longer term, Hoskinson envisions a faster achievement of Cardano’s roadmap through “small resource allocation”. He called on YouTubers, podcast creators, and venture capitalists who questioned Cardano’s growth, saying, “We are number one on GitHub commitments.”
“If you’re expert enough to think about the quality of our feedback, tell us which ones are wrong, which are irrelevant, and which parts of the roadmap we suddenly failed in.”
Related Topics: “The only thing holding us back is who we are,” Charles Hoskinson says of the future of DeFi.
In a similar live stream on YouTube, Hoskinson spoke about Davey’s potential as well as Cardano’s small role in the industry.
According to him, developers and creators should promote a long-term vision:
“It is very difficult to do this kind of engineering work and do it right, with an eye on and predicting the future. Unfortunately, many of the projects in this room will not stand the test of time. It is a fact that we are going to be largely extinct in the next five to ten years. .”