Coin Edition
Published Nov 17, 2023 12:13
Cardano Founder Supports Ethereum Insider’s Accusations Against Buterin
Coin Edition -
Charles Hoskinson, the founder of the Cardano ecosystem and co-founder of the Ethereum blockchain, commented on the recently controversial audio NFTs shared by Steven Nerayoff, a former advisor to Ethereum.
Hoskinson reiterated that Nerayoff had been analyzing the fall of Ethereum in its early stages, providing the founder, Vitalik Buterin, with a well-oriented “Ethereum rescue and restructure plan.”
One of the key concerns highlighted in Nerayoff’s critique of Buterin was the lack of proper financial management. Pointing out Buterin’s lethargy in hedging Ethereum’s Bitcoin holdings, Nerayoff stated, “The fact that the position wasn’t hedged in my opinion is inexcusable.”
Hoskinson reinforced Nerayoff’s assertions, enunciating more on the context. According to his explanations, the Bitcoin price plummeted in February 2015 following the crowd sale of Ethereum. Consequently, the ecosystem was left without sufficient gas in the tank. While the platform witnessed several infrastructural problems, Neyaroff advised Buterin to restructure the ecosystem, focusing on a new 2.0 version.
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