Billionaire Mark Cuban discussed Cardano (ADA) with IOHK chief Charles Hoskinson after questioning the asset’s practical use.
Are you, personally, able to use $ADA for anything ? If so, what have you used it for ? That’s the question I ask about all Crypto. Do you find yourself using it for anything that you find value in ? https://t.co/qTt3ndjKhI
— Mark Cuban (@mcuban) May 15, 2021
Hoskinson wrote that Cuban “breaks his heart”, and invited the billionaire to chat at a farm in Colorado.
Levity aside Charles, whenever someone pitching me tells me it has to be in person, that’s a red flag. I know this isn’t a pitch. But would love to know , Where do you use ADA on a daily basis ? How should or could I use it today ? I can answer this for all the crypto I own. https://t.co/bYZjcIVers
— Mark Cuban (@mcuban) May 15, 2021
Cuban repeated Hoskinson’s questions about Cardano’s practical use. The latter bristled at the need to pitch the cryptocurrency on Twitter, but nonetheless provided more details about the project.
Seriously mark? It was just a friendly invite, but you want me to pitch ada over Twitter? OK, we have five million students in Ethiopia, thousands of assets issued on Cardano, a nice DApp ecosystem brewing for smart contract launch, a new VC model with catalyst, huge community pic.twitter.com/IUM77NKapG
— Charles Hoskinson (@IOHK_Charles) May 15, 2021
«У нас есть пять миллионов студентов из Эфиопии, тысячи активов на базе Cardano, хорошая экосистема dapp, готовящаяся к запуску смарт-контрактов, новая модель венчурного капитала с катализатором и огромное сообщество», — написал Хоскинсон.
People are issuing NFTs on Cardano. My Twitter pic is an example of one. Our people have been negotiating an MOU for example with your venture Lazy for NFT. Billions of dollars worth of ada move every day. It’s a vibrant ecosystem that’s awaiting smart contracts later this year
— Charles Hoskinson (@IOHK_Charles) May 15, 2021
The IOHK CEO also added that users issue NFTs via Cardano. As an example, Hoskinson cited his Twitter profile avatar. He said billions of dollars worth of ADA change hands daily in tokens.
We rebuilt the entire smart contract model. It took four years to do it, but it’s necessary if you actually want security and scale. No more DAO hacks, less off-chain code. Consistent operating cost. Furthermore I want all devs not just solidity devs https://t.co/qQYsmf8HHz
— Charles Hoskinson (@IOHK_Charles) May 15, 2021
Cuban welcomed Cardano’s progress but suggested discussing when the platform would stop preparing and start servicing users.
Hoskinson noted that the team rebuilt the entire smart-contract model for security and scalability. He said it took four years.
Mark Cuban Cardano https://t.co/x0zYCeSIRd
— Charles Hoskinson (@IOHK_Charles) May 15, 2021
The IOHK CEO released a 12-minute video enumerating Cardano’s advantages.
«I really hope your dreams become a reality, Charles», wrote Cuban.
Thanks Mark. And thanks for taking the time.
— Charles Hoskinson (@IOHK_Charles) May 15, 2021
Users proposed that the billionaire add Cardano as a method of payment for tickets, services and goods at his NBA club the Dallas Mavericks. Earlier he began accepting Dogecoin.
Cuban said he would be happy to enable ADA if the cryptocurrency were accepted by the BitPay processing service.
If you can get bitpay to take it. I’m happy to sell for Ada.
— Mark Cuban (@mcuban) May 15, 2021
The billionaire was also criticised for asking about Cardano’s practical use but not Dogecoin.
«I have said many times that DOGE was a joke that became real because of its user base. BitPay and the users gave DOGE utility. And I’ve been clear that it only stays relevant if it continues to grow as a payment mechanism», replied Cuban.
I have said many times that DOGE was a joke that became real because of its user base. @BITPAY and the users gave DOGE utility. And ive been clear that It only stays relevant if it continues to grow as a payment mechanism.
— Mark Cuban (@mcuban) May 15, 2021
15 May Cardano reached an all-time high at $2.19. On 16 May the price rose above $2.40,
As of writing Cardano sits in fourth place in the digital-asset ranking by market cap at $70.4 billion, according to CoinGecko.
In April, Charles Hoskinson urged moving away from Proof-of-Work and predicted the collapse of Dogecoin.
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