Cardano founder Charles Hoskinson believes a make-believe agenda is ongoing in the crypto industry. In a recently uploaded video, Hoskinson argued that some characters in the crypto space create decoy activities to promote some selected projects. According to him, those characters do so while pretending the activities reflect the situation in the crypto industry.
Crypto Kayfabe https://t.co/KANFSS0WjT
— Charles Hoskinson (@IOHK_Charles) April 4, 2024
Hoskinson cited the exclusion of entrepreneurs in the Cardano ecosystem in a recent poll, claiming that the intent was to create momentum for particular people and projects. He considered the poll and other similar activities “Kayfabe.” Hoskinson thinks they are staged and do not represent the actual situation in the crypto industry.
In connection to Cardano, Hoskinson thinks some people create those events to cause outrage in the Cardano ecosystem. He noted that the Kayfabe could cause unsuspecting users to panic and fall into a Fear Uncertainty, and Doubt (FUD) situation.
Despite the absurdity of the observed crypto Kayfabe, Hoskinson told the Cardano community he would gladly create a social space for people to learn about the network based on their desire. He noted that Cardano, as an ecosystem, is far beyond the competitive issues portrayed in the crypto space.
The Cardano founder highlighted some cross-chain activities happening on the Layer-1 blockchain. He thinks the value that Cardano creates is enough to attract users to the blockchain network, noting the project does not need to do Kayfabe to get some attention.
Hoskinson emphasized the importance of governance in the crypto space, noting the depth of discourse required for it. According to him, governance requires good communication, foresight, compromise, and consent. However, he thinks the crypto space tends to be shallow over the subject, especially during the bull market.
He noted that Cardano is one of the few communities with the capability for true governance in the crypto space. According to him, the Cardano community can inspire and lead the rest of the industry in this department.
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