Charles Hoskinson answers if Cardano is a dead ecosystem; Jibe to Arthur Hayes and Raoul Pal

Charles Hoskinson recently appeared on the latest Thinking Crypto podcast. The founder said that Cardano is on the brink of collapse the biggest governance update ever, which he believes will be a turning point not only for the project but perhaps for the entire industry. He also spoke about their strong plans for scalability and the active community involvement seen at events like Rare Evo and the Cardano Foundation Summit.

Charles spoke about the growing ecosystem of DeFi and dApp projects developed internally, without external funding or influence. However, he has expressed frustration with the constant claims on platforms like Twitter and in crypto media that Cardano is dead or irrelevant.

He said: “I think there’s a great deal of impatience where people don’t see the price going up and so they immediately deduce, well, if that’s the case, it must mean this is a dead ecosystem and it’s in great decline.”

The founder emphasizes that the community rarely gets lost; instead, it often develops an immune system that naturally rejects incompatible projects. Without naming names, he said that some projects disappear, but this is part of a healthy and vibrant ecosystem. Continued growth, evolution, and ability to meet significant challenges means the ecosystem will thrive for the next 5, 10, or 20 years.

“I think the biggest problem in marketing right now is the preconceptions that have taken root. Figures like Arthur Hayes and Raoul Pal throw shade at us, dancing on the issue, but they belong to previous generations,” he added.

Despite this growth, he noted the lack of recognition from the crypto media. He suggested that cryptocurrency VCs could pull some strings to ensure capital doesn’t flow into Cardano because they back specific assets.

Read also: Most of the top 20 cryptocurrencies suffer double-digit losses: what is behind the crypto bloodbath?

Source