Hoskinson Shares Tips for “Safe” Crypto Storage While some have criticized Hoskinson for his comments, others have praised him for speaking out against what he perceives as unethical practices. Hoskinson’s comments have sparked a debate in the cryptocurrency community about the legitimacy of ETC and the responsibilities of developers and insiders in the industry.

He believes Ergo is a better choice for investors looking for a cryptocurrency with a clear vision and a roadmap for the future.

The Cardano founder also claims that Ergo continues to innovate and has a purpose, good ethical leadership, and funding for the future. Ergo is a cryptocurrency focused on improving blockchain technology’s limitations, such as scalability, interoperability, and security. The Twitter account was built up from years of effort…Īccording to Hoskinson, ETC was built up from years of effort and marketing at Input Output Global (IOG), a technology company pre-eminent in engineering and research in blockchain structures, and it was not ethical to inflict upon those followers a project that is now a scam.įurthermore, Hoskinson believes that Ergo, which he is currently involved with, should have been what ETC is. There is no roadmap, innovation, team, or vision. Many have questioned the timing of Hoskinson’s comments, as ETC has recently seen a surge in price and popularity.ĮTC is now a scam and it's only purpose is for insiders to dump on those they recruit with blind hope of some magical future that will never come. Hoskinson’s comments were made in response to a Twitter post by the Proof of Work (POW) Summit and have raised eyebrows in the cryptocurrency community. Cardano Founder Backs Ethical Alternative To Scam Operation Hoskinson, who previously worked with ETC, stated that the project has “no roadmap, innovation, team, or vision”, and is only filled with “anger and toxicity”. Cardano (ADA) Founder, Charles Hoskinson, has taken to Twitter to claim that Ethereum Classic (ETC) is now a “scam” and has no “purpose other than to allow insiders to dump their holdings” on unsuspecting investors.

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