{"id":79083,"date":"2023-05-22T12:13:48","date_gmt":"2023-05-22T09:13:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79083"},"modified":"2025-09-11T09:00:29","modified_gmt":"2025-09-11T06:00:29","slug":"charles-hoskinson-calls-ethereum-classic-a-scam","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/charles-hoskinson-calls-ethereum-classic-a-scam\/","title":{"rendered":"Charles Hoskinson calls Ethereum Classic a scam"},"content":{"rendered":"<p>Founder of Cardano Charles Hoskinson criticised the cryptocurrency Ethereum Classic (ETC) in comments on the announcement of the Proof-of-Work Summit 2023.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">ETC is now a scam and it\u2019s only purpose is for insiders to dump on those they recruit with blind hope of some magical future that will never come. There is no roadmap, innovation, team, or vision. It\u2019s just anger and toxicity. The Twitter account was built up from years of effort\u2026<\/p>\n<p>\u2014 Charles Hoskinson (@IOHK_Charles) <a href=\"https:\/\/twitter.com\/IOHK_Charles\/status\/1659528285783506945?ref_src=twsrc%5Etfw\">May 19, 2023<\/a><\/p>\n<\/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>\u201cETC is now a scam with the sole purpose of insiders who dump on those they recruit with blind hope of some magical future that will never come,\u201d Hoskinson wrote.<\/p>\n<\/blockquote>\n<p>In his words, Ethereum Classic has &#8220;no roadmap, innovations, a team, or a vision&#8221;.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cOnly anger and toxicity. The Twitter account was built up over years of work and marketing at IOG. It was unethical to impose this project on these followers, which is now a scam. Ergo \u2014 this is what ETC should have been and continue to develop, to have a purpose, good ethical leadership and funding for the future,\u201d explained the founder of Cardano.<\/p>\n<\/blockquote>\n<p>As of writing, Ethereum Classic trades at about $18 and ranks in the top-30 by market capitalisation, with a $2.5 billion cap, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum-classic\">CoinGecko<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-22-v-11.59.04-1024x640.png\" alt=\"Snimok-ekrana-2023-05-22-v-11.59.04\" class=\"wp-image-207461\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-22-v-11.59.04-1024x640.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-22-v-11.59.04-300x188.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-22-v-11.59.04-768x480.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-22-v-11.59.04-1536x960.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-22-v-11.59.04-2048x1280.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>ETC\/USDT price chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Earlier in September 2022, Hoskinson <a href=\"https:\/\/forklog.com\/en\/news\/charles-hoskinson-calls-ethereum-classic-a-dead-project\">criticised Ethereum Classic<\/a> for the unrealised potential of the project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano founder Charles Hoskinson criticised the Ethereum Classic (ETC) cryptocurrency in comments on the announcement of the Proof-of-Work Summit 2023.<\/p>\n","protected":false},"author":1,"featured_media":79084,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Hoskinson criticises Ethereum Classic.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[471,476,1138],"class_list":["post-79083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-charles-hoskinson","tag-ethereum-classic","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"52","promo_type":"1","layout_type":"1","short_excerpt":"Hoskinson criticises Ethereum Classic.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79083","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=79083"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79083\/revisions"}],"predecessor-version":[{"id":79085,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79083\/revisions\/79085"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/79084"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=79083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=79083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=79083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}