{"id":13776,"date":"2024-05-24T12:21:42","date_gmt":"2024-05-24T09:21:42","guid":{"rendered":"https:\/\/forklog.com\/en\/charles-hoskinson-likens-bitcoin-to-religion\/"},"modified":"2024-05-24T12:21:42","modified_gmt":"2024-05-24T09:21:42","slug":"charles-hoskinson-likens-bitcoin-to-religion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/charles-hoskinson-likens-bitcoin-to-religion\/","title":{"rendered":"Charles Hoskinson Likens Bitcoin to Religion"},"content":{"rendered":"<p>Cardano founder Charles Hoskinson equated the first cryptocurrency to a religion, asserting that the industry has outgrown its dependence on it.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/Cardano?ref_src=twsrc%5Etfw\">@Cardano<\/a> CEO <a href=\"https:\/\/twitter.com\/IOHK_Charles?ref_src=twsrc%5Etfw\">@IOHK_Charles<\/a>: \u201cI don\u2019t see how <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> survives. It\u2019s a religion, not an ecosystem. So no, we don\u2019t necessarily need <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>.\u201d ? <a href=\"https:\/\/t.co\/RZD4ITGfWe\">pic.twitter.com\/RZD4ITGfWe<\/a><\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1793640683091423373?ref_src=twsrc%5Etfw\">May 23, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe industry no longer needs Bitcoin to survive. It\u2019s nice to have such a digital asset with such a reputation and its own purpose. Remember, in the end, it\u2019s a token with a deflationary monetary policy,\u201d he said.<\/p>\n<\/blockquote>\n<p>Hoskinson also pointed to the cryptocurrency&#8217;s lack of adaptability and reliance on the Proof-of-Work algorithm as critical threats. Even technological giants like Microsoft had to adapt to innovations such as laptops and mobile phones to survive, he added.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBitcoin is a religion, not an ecosystem,\u201d the entrepreneur concluded.<\/p>\n<\/blockquote>\n<p>In February, Hoskinson <a href=\"https:\/\/forklog.com\/en\/news\/charles-hoskinson-criticizes-bitcoins-l2-development\">expressed skepticism<\/a> regarding the development of second-layer solutions on the first cryptocurrency&#8217;s blockchain.\u00a0<\/p>\n<p>Conversely, analysts at Franklin Templeton <a href=\"https:\/\/forklog.com\/en\/news\/franklin-templeton-highlights-ordinals-as-a-catalyst-for-bitcoin-innovation\">considered<\/a> L2 protocols, alongside Ordinals, Runes, and DeFi primitives, as key drivers of Bitcoin innovation revival.<\/p>\n<p>Earlier, former BitMEX CEO Arthur Hayes <a href=\"https:\/\/forklog.com\/en\/news\/arthur-hayes-and-charles-hoskinson-clash-over-cardanos-value\">described<\/a> Cardano&#8217;s native token (ADA) as \u201cdogshit\u201d due to its low usage in protocols.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano founder Charles Hoskinson equated the first cryptocurrency to a religion, asserting that the industry has outgrown its dependence on it. .@Cardano CEO @IOHK_Charles: \u201cI don\u2019t see how #Bitcoin survives. It\u2019s a religion, not an ecosystem. So no, we don\u2019t necessarily need $BTC.\u201d ? pic.twitter.com\/RZD4ITGfWe \u2014 Cointelegraph (@Cointelegraph) May 23, 2024 \u201cThe industry no longer [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13775,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[471,1138],"class_list":["post-13776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-charles-hoskinson","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"55","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/13776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=13776"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/13776\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/13775"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=13776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=13776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=13776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}