{"id":18527,"date":"2025-03-21T18:31:54","date_gmt":"2025-03-21T18:31:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18527"},"modified":"2025-03-21T18:31:54","modified_gmt":"2025-03-21T18:31:54","slug":"wheres-the-scam-cardano-founder-slams-critics","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18527","title":{"rendered":"\u2018Where\u2019s The Scam?\u2019 Cardano Founder Slams Critics"},"content":{"rendered":"
\n

In an emotionally charged livestream, Cardano founder Charles Hoskinson responded to escalating accusations of academic misconduct and broader claims that the project is a scam. The 36-minute stream<\/a>, directly countered critics while providing a detailed defense of Cardano\u2019s scientific foundation, its progress over the last decade, and his personal contributions to the blockchain industry.<\/p>\n

The controversy started around Hoskinson\u2019s co-authorship of a recent interdisciplinary academic paper involving a sea salvage expedition off Papua New Guinea. Critics have accused Hoskinson of improperly buying authorship on the paper\u2014allegations he described as \u201cunhinged\u201d and rooted in personal vendettas rather than fact.<\/p>\n

\u201cI was involved in a sea salvage operation and contributed as much as I could. I\u2019m not an expert in geology, especially astrogeology, nor ever professed to be one. But I did have a lot of fun reviewing the manuscript, had a lot of fun contributing to the actual salvage side,\u201d Hoskinson said. \u201cI\u2019ll remind people, if we weren\u2019t able to salvage, there would be nothing to analyze\u2014which is why this is an interdisciplinary paper.\u201d<\/p>\n

Hoskinson emphasized that his role in the project was primarily logistical and technical on the salvage side, including funding the expedition, helping design recovery sleds, and participating in sample processing aboard the research vessel.<\/p>\n

The paper, he clarified, does not present groundbreaking scientific conclusions but rather establishes a foundation for further research. \u201cIt was more of a sea salvage expedition than true deep hardcore science,\u201d Hoskinson noted, stating the major academic contributions came from the Harvard-affiliated scientists leading the analysis.<\/p>\n

A Decade Of Cardano Development Defended<\/h2>\n

Pivoting to Cardano, Hoskinson delivered one of his most direct defenses of the project\u2019s legitimacy, progress, and technological achievements to date. He dismissed persistent online narratives branding Cardano a scam, pointing to a track record few blockchain projects can match.<\/p>\n

\u201cCardano was started in Japan in 2015 off of about $70 million in funding. Cardano in 2025 is a $26 billion ecosystem,\u201d Hoskinson stated. \u201cIt has delivered 240 papers to market, millions of lines of code to market, [and] massive protocol innovations.\u201d<\/p>\n

He cited milestones including the first provably secure proof-of-stake protocol, the extended UTXO model, the Plutus smart contract language, and upcoming advancements like Midnight<\/a>, a privacy-focused partner chain.<\/p>\n

Cardano, Hoskinson claimed, remains one of the most secure and reliable blockchains in the industry: \u201cCardano\u2019s been running for almost eight years now\u2014seven years, 24 hours a day, seven days a week. Cardano has never had a major hack. Cardano\u2019s never gone down. Cardano runs, and it\u2019s decentralized as measured by the EDI.\u201d<\/p>\n

In contrast, Hoskinson referenced industry collapses such as Celsius, Luna, FTX<\/a>, and BitConnect, asking rhetorically why Cardano is often labeled a scam despite its longevity and absence of catastrophic failures.<\/p>\n

Where is the scam? That entire arc of time I just gave you [\u2026] thousands of failed projects [\u2026] We\u2019re still in the top 10. We\u2019re still here. We\u2019re still pushing forward. I don\u2019t understand your grievance. I really don\u2019t.\u201d<\/p>\n

Hoskinson warned of what he called \u201cCharles Derangement Syndrome<\/a>\u201d (CDS), describing a growing online culture that seeks to destroy reputations with misinformation and personal attacks. He claimed that critics have formed dedicated Discord servers, parody accounts, and entire content channels devoted to discrediting him and Cardano.<\/p>\n

\u201cNow we have a permanent CDS marketplace within the Cardano ecosystem, and people will make money, they\u2019ll enjoy their time with it, and they\u2019ll invent all these narratives [\u2026] until they become so ingrained they just automatically believe they\u2019re true.\u201d<\/p>\n

He compared the phenomenon to politically charged derangement syndromes surrounding figures like Elon Musk and Donald Trump, arguing that the crypto industry now faces similar polarization.<\/p>\n

Hoskinson also raised concerns about persistent misinformation sticking to Cardano\u2019s reputation, such as the long-debunked claim that the project only processes one transaction per block: \u201cThe lie gets sticky [\u2026] You see the problem? There becomes this cognitive cost to undo it and unwind it. And when you create these cargo cults of misinformation, they become cancerous and they grow and they distort and eventually, they derange people to a point where they create parallel realities.\u201d<\/p>\n

A Call To The Cardano Community<\/h2>\n

In closing, Hoskinson urged the Cardano community to consider the consequences of empowering individuals or entities driven by hate rather than constructive goals as the ecosystem moves into Voltaire, its on-chain governance era.<\/p>\n

\u201cWe all drink the same water. And if you\u2019re pouring lead in that water, you\u2019re drinking just as much as I am. And understand there are consequences for that,\u201d he warned, pointing to upcoming budget decisions<\/a> and delegate representative (DRep) elections within Cardano\u2019s governance system.<\/p>\n

Despite the attacks, Hoskinson reaffirmed his commitment to the ecosystem and its roadmap:\u201cCardano is the most decentralized cryptocurrency on the planet. We have the best on-chain governance system. Leios is going to make us one of the fastest. Bitcoin DeFi is going to open up a $2 trillion opportunity. Midnight is going to add the next generation to the cryptocurrency space. We\u2019re not out. We\u2019re fighting. We\u2019re still in the conversation. We\u2019re in the reserve. We\u2019re still doing groundbreaking research. I\u2019m proud of that.\u201d<\/p>\n

At press time, ADA traded at $0.7171.<\/p>\n

\"Cardano<\/div>\n","protected":false},"excerpt":{"rendered":"

In an emotionally charged livestream, Cardano founder Charles Hoskinson responded to escalating accusations of academic misconduct and broader claims that the project is a scam. The 36-minute stream, directly countered critics while providing a detailed defense of Cardano\u2019s scientific foundation, its progress over the last decade, and his personal contributions to the blockchain industry. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18527","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18527"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18527\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}