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Cardano Creator Doesn’t Think Bitcoin Can Survive

The interview was given by Hoskinson at the beginning of last December but was mentioned this September, as one of the followers of the crypto entrepreneur asked if he still feels this way about Bitcoin. Spoiler – yes.

It is good to have some asset like this, such as digital gold, but at any moment, another asset with a claim to replace the precious metal may emerge with better science behind it, argued Hoskinson back then.

He also called Bitcoin a religion and not an ecosystem, and he said that the first cryptocurrency should grow, adapt and shape to survive the long term.

Interestingly, the interview with Hoskinson popped up on the timeline as Cardano had itself the biggest hard fork to date, with the overall purpose of making it fully decentralized.

The event, under the name Chang, which is actually a commemoration of notable Cardano developer Phil Inje Chang, successfully kicked in yesterday at 9:45 p.m. UTC. As Cardano has said, the Chang hard fork will completely decentralize the network, with the ADA community and stakers taking over management.

This article was originally published on U.Today


Source: Cryptocurrency - investing.com

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