Hoskinson Defends ADA’s Growth Strategy, Compares it to BTC

"Cardano Founder Charles Hoskinson Defends ADA Network's Decentralization in Comparison to Rival Blockchains"

Charles Hoskinson, the founder of the Cardano blockchain (ADA), has defended the network’s lack of growth hacking and investment support in comparison to rival blockchains such as Polygon (MATIC). Hoskinson argued that the ADA network is a truly decentralized protocol where nobody owns or controls it, unlike some of the rivals “where the founders have allocated boatloads of money, a massive pre-mine, towards the customer service role.”

During a 30-minute podcast, Hoskinson commented on a tweet from a crypto enthusiast on Twitter expressing that people needing help with marketing, investment, or developing a mobile app would prefer the Polygon blockchain. “You actually feel welcome and wanted,” he wrote, arguing that Polygon has dedicated resource centers with a better onboarding experience.

Hoskinson clarified that Input-Output Global, the development team of Cardano, has no mandate to create a growth hacking group whose day job is to be the first point of contact for anyone building on Cardano. He said ADA holders have the prerogative and right to vote for that and organize such design as they see fit. In his words: “Cardano is like Bitcoin.”

In the last seven days, the Cardano utility token, ADA, gained over 10%, putting its price at $0.4346.

Cardano, unlike some of its rivals, has been built as a self-bootstrapping ecosystem. The network is designed to be truly decentralized, with no single entity controlling it. This is in contrast to some of the other networks, which have been pre-mined and have a significant amount of funding allocated towards customer service.

While some have argued that Cardano needs to allocate resources towards growth hacking and investment support, Hoskinson believes that the network’s decentralized nature is its strength. He argues that ADA holders have the right to vote for such initiatives and that the community will organize as they see fit.

The recent increase in ADA’s price is a testament to the strength of the Cardano network. While some may argue that the lack of growth hacking and investment support is a weakness, Hoskinson believes that the network’s decentralized nature is what sets it apart from its rivals.

Overall, while Cardano may not have the same level of investment support as some of its rivals, it is a truly decentralized network that is designed to be self-sustaining. As the network continues to grow and evolve, it will be interesting to see how the community organizes itself and allocates resources towards growth and development.

Martin Reid

Martin Reid

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