Cardano Founder Disappointed Over Ethereum Classic (ETC)

Cardano Founder Disappointed Over Ethereum Classic (ETC)
  • The link between the Cardano founder and the ETC goes way ahead of time.
  • Charles states ETC to be a dead project and compares it to a dead horse.

Cardano founder, Charles Hoskinson has been bashing Ethereum Classic (ETC) and the recent updates made by the blockchain. The link between Charles and the ETC goes way ahead of time, and he departed from ETC in 2014. But still supported the network from outside and held honorary positions.

Charles Hoskinson’s tweet:

“ETC still gives me sadness for what could have been. It’s a dead project with no purpose or real compelling argument to exist outside of spite.”

The above reply tweet was made by the Cardano founder to an accusation made by an ETC community member. The treasury proposal put forward by Charles Hoskinson was compared to be an attempt to milk out Ethereum Classic. Charles explains his proposal for treasury was a sustainable development for the ETC community. But the perception received by the followers was of miners’ tax.

Let-Downs By Ethereum Classic

Crypto experts perceive that all of Charles Hoskinson’s allegations on ETC are basically because he is disappointed with the network. As ‘The Merge’ is going to happen very soon, the ETH miners are looking for an alternative PoW blockchain shift. But ETC has seemingly filled to grab them is the complaint put forward by Charles.

At the same time, in the recent podcast by Cardano’s chief, the ETC’s latest updates are profitable only to investors and have zero outcomes for the developer or the ecosystem. He is also pretty deterministic on the fact of not returning the Twitter handles of ETC.

Despite the recent records and spikes attained by ETC, Charles denotes it to be a network without any prominent development core and ecosystem. The current price of ETC at the time of writing is $34.27.

ETC Price Chart (Source: CMC)

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