Broadcasting live from the glamorous Buenos Aires, Cardano‘s very own Charles Hoskinson took to the stage for a riveting half-hour monologue that could only be described as a cross between a TED Talk and a therapy session. From the plush confines of Input Output Global’s new 100-seat office, which boasts a view of the Río de la Plata that’s probably more impressive than my last vacation, he declared that the crypto industry’s biggest issues aren’t about block sizes or transaction speeds. No, no! It’s all about a culture that seems to prefer gossip over truth and outrage over actual evidence. Who knew crypto was so… dramatic? 🎭
His monologue kicked off with a travelogue that would make even the most seasoned travel blogger envious—Wyoming, Consensus 2025 in Toronto, and finally, the land of tango and steak, Argentina. But just as he was warming up, he launched into a full-frontal assault on what he dubbed “cesspool journalism.” Apparently, outlets like CoinMarketCap and Cointelegraph are circulating a $600 million ADA-theft allegation without a victim, a lawsuit, or even a polite request for comment. I mean, come on! Where’s the journalistic integrity? In a moment that went viral faster than a cat video, he proclaimed, “Crypto media is absolutely unredeemable and it has to be burned to the ground.” 🔥
And just when you thought it couldn’t get juicier, he revealed that the legal eagles are circling. Earlier this week, IOG’s chief legal and policy officer, Joel Telpner, confirmed that audit giant BDO and the law firm McDermott Will & Emery are investigating claims that Input Output diverted unredeemed ADA during the network’s 2021 “Allegra” hard fork. Hoskinson, however, dismissed these claims as “false” and “deeply offensive.” I mean, who wouldn’t be offended by a little thing like a $600 million theft allegation? 🙄
But wait, there’s more! Hoskinson also praised the US Senate’s bipartisan advance of the GENIUS act—stablecoin legislation that cleared a 66–32 procedural vote on May 20. A year ago, he lamented, Washington was in a tizzy, declaring that “every cryptocurrency is illegal.” Now, it seems Congress is on the verge of legitimizing the entire sector. Progress, folks! 🎉
Yet, despite the legislative momentum, Hoskinson’s tone was anything but triumphant. He lamented that social media has turned public discourse into “a storm in a teacup,” where accusations fly faster than a speeding bullet, and consequences? Well, they seem to have taken a permanent vacation. “When I was growing up,” he reminisced, “you had to have some momentum before you accuse someone of being a criminal.” Now, it’s as easy as breathing air. And when those accusations turn out to be baseless? “You just move on,” he said, shrugging as if to say, “What’s a little defamation among friends?” 😅
Personal fatigue was palpable in his address—he spoke of torn tendons, hair loss, and sleepless travel. But don’t count him out just yet! Citing his own bullet-ant initiation ritual in the Amazon (because who doesn’t have one of those?), he framed suffering as a test of resilience. “Keep the faith despite all of this,” he rallied, as if he were leading a support group for beleaguered crypto enthusiasts. The industry, he concluded, must outgrow “hyper-transactional late-stage capitalism” and rediscover a moral project equal to its technological ambition. “We deserve it,” he insisted, with the fervor of a preacher at a revival meeting. “Cardano’s best days are not behind us; they are in front of us.” Amen to that! 🙌
At press time, ADA traded at $0.7635. Because, of course, that’s what really matters in the end, right?
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2025-05-21 18:12