9 months ago
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Charles Hoskinson, the founder of Cardano, has fired back at recent criticism from community members regarding the project’s advertisement not being good enough in comparison to Solana.
Cardano Can Not Advertise Like Solana
The famous crypto founder shared his insights on the claims on the social media platform X (formerly Twitter). Hoskinson’s X post came in response to an ADA enthusiast, Bradford Rich’s post criticizing the Cardano team and founder for not running ads like Solana to increase the network’s adoption.
In the X post, Rich dished out a screenshot of a recent Solana advertisement garnering attention from the crypto community. The purpose of the commercial, which describes Solana’s rising traction over time, was to draw additional developers to utilize the proof-of-scale network for their apps.
The enthusiast then questioned if the Cardano network’s team also ran commercials similar to the aforementioned Solana ads. In addition, he tagged the network’s founder and several members of the project’s team.
Hoskinson responded, noting that the idea is all sorts of “wrong” when running an ecosystem. He made the point that the project takes a different path from the one that Bradford Rich has recommended.
He highlighted that “This mindset is an example of all that is wrong with how to run an ecosystem. Cardano has a Treasury and has community governance,” he stated.
Consequently, the model underscored by the founder requires five important steps. These include forming a working group, interacting with relevant parties, figuring out costs and specifications, having a community to approve the plan, and carrying it out.
Cardano may not run advertisements as Solana does; however, the network has managed to draw in the interests of leading cryptocurrency projects. This suggests a solid stand for the network in the crypto space despite the criticism from members.
The Network’s Decentralized Model
Following the development, another pseudonymous ADA enthusiast known as Alf-Vault also expressed his displeasure with the Cardano team. Vault criticized the team for engaging in “hide and seek” when requested to invest $10 million to bring Circle’s stablecoin (USDC) to the network.
In response, Hoskinson made a comparison between Cardano’s decentralized model and the strategy used by an anonymous individual, stating that the individual invested $10 million to develop a project fully in 2021 while managing all the work.
According to him, decentralized protocols need effective participation from the community members. He further underlined that “Circle and USDC” are examples of the particular theory.
Hoskinson closed out by stressing that the concept is the point of decentralization. “It’s the same for marketing, partnerships, growth hacking, roadmap, and other concerns. That’s the point of decentralization,” he stated.
Featured image from iStock, chart from Tradingview.com
