Hoskinson Reacts to Claims of a Cardano Backdoor That Allows Government to Seize Users’ Tokens
The post Hoskinson Reacts to Claims of a Cardano Backdoor That Allows Government to Seize Users’ Tokens appeared on BitcoinEthereumNews.com. Cardano founder Charles Hoskinson has reacted to claims that the government can seize users’ tokens by asking him to confiscate them. The founder asked how this was possible in a tweet on Thursday, joining a heated debate between Bitcoin maximalists and altcoin enthusiasts. He was particularly drawn to the conversation when a user remarked that the government can censor or seize assets on Cardano through him. “I’d love someone to explain to me” Hoskinson sought further clarification on what the user meant when he claimed that the founder can censor or freeze assets on Cardano with a directive from the government. “I’ll wait,” he added. Notably, the Bitcoin maxi’s comment came despite Cardano’s shift into a fully decentralized network in September. For context, the layer one blockchain implemented the Chang upgrade last September and entered the Voltaire era, a phase in its roadmap where power shifted to every Cardano holder, represented by stake pool operators (SPOs) and delegated representatives (dReps). Prior to the upgrade, Hoskinson and other major stakeholders of the Cardano network burned their genesis key, which offered them unique access to the blockchain. As a result, Hoskinson’s reaction expressed his surprise that someone with an understanding of blockchain technology could make such comments. Nonetheless, Hoskinson had earlier noted that it would take time for people to understand what had really happened on Cardano. He made the remark when a similar comment circulated in March. According to him, it would take years and strong media publicity for people to finally understand that Cardano is fully decentralized. How It All Came About The comment originated from a clip where Robinhood’s CEO, Vlad Tenev, noted it is time to move beyond Bitcoin and meme coins to real-world asset tokenization on the blockchain. This came after Robinhood launched a protocol that allows European…
The post Hoskinson Reacts to Claims of a Cardano Backdoor That Allows Government to Seize Users’ Tokens appeared on BitcoinEthereumNews.com.
Cardano founder Charles Hoskinson has reacted to claims that the government can seize users’ tokens by asking him to confiscate them. The founder asked how this was possible in a tweet on Thursday, joining a heated debate between Bitcoin maximalists and altcoin enthusiasts. He was particularly drawn to the conversation when a user remarked that the government can censor or seize assets on Cardano through him. “I’d love someone to explain to me” Hoskinson sought further clarification on what the user meant when he claimed that the founder can censor or freeze assets on Cardano with a directive from the government. “I’ll wait,” he added. Notably, the Bitcoin maxi’s comment came despite Cardano’s shift into a fully decentralized network in September. For context, the layer one blockchain implemented the Chang upgrade last September and entered the Voltaire era, a phase in its roadmap where power shifted to every Cardano holder, represented by stake pool operators (SPOs) and delegated representatives (dReps). Prior to the upgrade, Hoskinson and other major stakeholders of the Cardano network burned their genesis key, which offered them unique access to the blockchain. As a result, Hoskinson’s reaction expressed his surprise that someone with an understanding of blockchain technology could make such comments. Nonetheless, Hoskinson had earlier noted that it would take time for people to understand what had really happened on Cardano. He made the remark when a similar comment circulated in March. According to him, it would take years and strong media publicity for people to finally understand that Cardano is fully decentralized. How It All Came About The comment originated from a clip where Robinhood’s CEO, Vlad Tenev, noted it is time to move beyond Bitcoin and meme coins to real-world asset tokenization on the blockchain. This came after Robinhood launched a protocol that allows European…
What's Your Reaction?
