Cardano Founder Lost $ 500 Million EthereumsteemCreated with Sketch.

in charles •  4 years ago 

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#Cardano founder #Charles #Hoskinson announced that he had the opportunity to earn more than $ 500 million thanks to #Ethereum, but he missed it. He experienced a similar incident with Bitcoin.

In yesterday's post , Charles Hoskinson talked about their work in Ethiopia, Bitcoin's shortcomings, and the bad investment decisions it has taken so far.

↪️He gave the Ether received to his secretary
Hoskinso's, Cardano worked as one of the eight constituent Ethereum before switching. He was given 293,000 Ether for his work at that time .

The name who left Ethereum as a result of the dispute with Vitalik Buterin said, " I never once thought that Ethereum would be so successful." said. Hoskinson said that this is why he gave the 293,000 Ether allotted to him to his secretary . These are worth more than $ 532 million at the time of writing .

“I got nothing in return for the role I played in the foundation of Ethereum, ” Hoskinson said. … I am the last person in the world to give investment advice. " said.

↪️"Least developed ecosystem": Bitcoin
Hoskinson, who bought Xbox with Bitcoin when the price was a few dollars, missed the opportunity to earn millions of dollars because of this transaction. Speaking about Bitcoin while telling this story, Hoskinson described it as the "least developed" of major ecosystems .

The name, who appreciates that the market value of Bitcoin has exceeded $ 1 trillion, said, "I cannot generate tokens in the Bitcoin network, there is not a complete smart contract infrastructure, I cannot use complex financial contracts, I cannot make pull payments." said.

Commenting on "slow and expensive" BTC transactions , Hoskinson said, "Why is Bitcoin taken seriously despite all this? Because he is the most valuable. Unfortunately, the price can bring legitimacy with it. " said.

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