Cardano Co-Founder Labels Ethereum Classic (ETC) as a Scam

Cardano Co-Founder Labels Ethereum Classic (ETC) as a Scam


Cardano co-founder Charles Hoskinson calls Ethereum Classic a scam, stating that it has no roadmap, innovation, team, or vision, and is only used by insiders to dump on recruits with blind hope of a magical future that will never come.

Cardano (ADA) co- founder Charles Hoskinson has made some comments on Twitter platform about Ethereum (ETH) Classic (ETC), defining it as a scam.

Cardano’s Charles Hoskinson calls the Ethereum (ETH) Classic cryptocurrency project a scam

Directly on the social network of crypto-lovers, Twitter, Charles Hoskinson, co- founder of Cardano, stated that the Ethereum (ETH) Classic cryptocurrency project is now a scam

Hoskinson’s remarks come in response to the release of a new “PoW Summit” event to be presented in September in Prague by the Litecoin Foundation and the Ethereum (ETH) Classic Cooperative. 

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Not only that, Hoskinson likewise intervenes after Ergo’s platform was mentioned in the comments, which was rejected attendance by Bob Summerwill, executive director of the ETC Cooperative. 

Apparently, Hoskinson’s states referring to ETC are indirectly aimed at Summerwill. 

The founder of ADA thus was known the ETC cryptocurrency project a scam, which allows participants to make money from those they recruit, and which now has no roadmap, innovation, or a single vision

Furthermore, Hoskinson also mentioned that what moves ETC is just “anger and toxicity.” 

Cardano’s Hoskinson and the rant against the Ethereum (ETH) Classic project in favor of Ergo 

Hoskinson’s rant then likewise names Ergo, a next-generation PoW smart contract platform that enables new models of financial interaction. 

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And yes, in the eyes of Cardano’s founder, Ergo is what Ethereum (ETH) Classic should have been, with plenty of purpose, willingness to innovate, good ethical leadership, and with financing for the future. 

Consequently, who knows whether the current outburst was intended to make Ethereum (ETH) Classic look bad, or likewise to highlight the Ergo cryptocurrency project

Still, at the PoW Summit in Prague, other big cryptocurrency industry names such as Charlie Shrem, Jameson Lopp, Litecoin founder Charlie Lee, and Caitlin Long of Custodia Bank will likewise be present.

ADA vs ETC

Attempting to compare the two cryptocurrency assets Cardano (ADA) and Ethereum (ETH) Classic (ETC), here is the situation. 

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Cardano (ADA) ranks 7th in market cap, which as of now exceeds $12.7 billion. Ethereum (ETH) Classic (ETC), on the other hand, is in the 25th position, with a market capitalization of over $2.5 billion

At the time of publication, the price of ADA is $0.37, a 6 percent fall from the previous  30 days. ETC’s price, on the other hand, is $18, with a 8 percent fall from last month. 

It is important to note that in terms of daily volume of trading, ADA is trading for twice as much as ETC. And yes, while ADA has a last 24-hour volume of trading of nearly $150 Million, ETC stands at $77.5 million.



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