Cardano (ADA)’s Charles Hoskinson To Coindesk: Why The hate?
Charles Hoskinson isn’t happy with Coindesk, one of the most established cryptocurrency news publications. And so, this week the Cardano founder tweeted the frustration that he says has taken him six months to voice. He didn’t mince his words, wondering why Cardano (ADA) hasn’t caught the attention of the site.
Reading that tweet between the lines brings out a suggestion that Cardano has done enough to warrant at least being mentioned in an article by Coindesk. However, it seems that Coindesk has no interest in the Cardano at the moment- even though Cardano is one project that is unique in its own way.
The IOHK CEO revealed his frustrations after Coindesk published an article about Hedera. This new cryptocurrency has touted itself as a un-forkable platform. The developers say that the cryptocurrency will utilize a patented codebase that will prevent any future forking or apparent cloning.
According to an article on Coindesk:
“Hedera is a public network built on Hashgraph, a type of distributed ledger technology (DLT) developed by the software company Swirlds, which has already deployed private versions with several enterprise clients.
Hedera Hashgraph, the governing body for the network, raised $18 million through a private sale of the as-yet-to-be-named token in January. That sale, the company said, represented less than 20% of the total supply.”
It, therefore, feels like Coindesk.com sought to publish the article due to the unique architecture of Hedera coin. If so, why not do the same with Cardano (ADA)? It too has its own unique features that set it apart from many of the leading cryptocurrencies. For one Cardano was built from scratch unlike many of the altcoins that are built on Ethereum or utilize Bitcoin’s codebase.
Again Cardano is the only peer-reviewed cryptocurrency written using the formidable Haskell programming language. It irks the former Ethereum co-founder that a little-known project that is yet to launch has the attention of a site in the ilk of Coindesk, yet Cardano seems to be begging to be noticed.
We know what hype can do for a cryptocurrency.
Hype can take Hedera from obscurity to the land of the kings in the top 100 or even 50 cryptocurrencies in a very short time. Taken from that point of view, then we can say maybe Hoskinson has a point. Coindesk maybe does really hate Cardano after all.
Yet it’s quite difficult to fully agree with Hoskinson’s point of view. It’s also possible that his comment may just be his personal opinion, completely unrelated to Cardano Foundation’s stance. Cardano is an established coin, ranked among the top ten in the market. It has a current market capitalization of $4.8 billion, placing it 6th on coinmarketcap.com.
Cardano [ADA] also has massive potential to realize real-world use. So, why not concentrate on that and forget about what Coindesk thinks or doesn’t think about you. What we, the ADA holders want is to see Cardano get down to business and deliver blockchain solutions to the world. We would be happy to hear that projects like Cardano’s goals for Africa and the developing world have actually taken off.
Cardano and ADA need the media, yes, but a focused attention should be on making the platform viable. Once that happens, the rest will fall into place. Look at what is happening with Bitcoin and Ethereum. Nobody need tell anyone to write about the two: writers just feel compelled to. If you don’t, you are left out. So, tweets like this one here are more important to Cardano than what Coindesk could write.