- In a recent interview, Charles Hoskinson spoke on IOHK, blockchain security and Ethereum.
- Bitcoin is ‘blind, deaf and dumb’ according to the CEO/founder.
- Hoskinson commented on Ethereum, in that is not very in line with the financial world.
“The point of all these cryptocurrencies and blockchains is ultimately the management of assets, information, trust, and data.”
Bitcoin is ‘blind, deaf and dumb’ according to the CEO/founder of the two aforementioned projects. “It doesn’t understand the world around it. All you can do is push value to people.”
Furthermore, Hoskinson commented on how the second biggest cryptocurrency in the space, Ethereum is not very in line with the financial world. The founder goes onto highlight that it doesn’t understand regulations or laws. This is ironic given that most of his programming is required under regulations.
“Imagine if every time you went to a different country, it was a different WiFi standard. Your phone (would only work) in your home country. It would be a nightmare, right?”
If you wish to watch the full interview with Charles and Hacker Noon, click here.
Now going onto the price of some of the previously mentioned cryptocurrencies, the value of Cardano at the time of writing is $0.04 following a 6.67 per cent positive movement over the past 24 hours. Ethereum is also seeing green with a 2.22 per cent increase on the day providing it with a value of $167 currently.
It will be interesting to see where the price goes from here and how the community responds to Hoskinson. For more news on this and other crypto updates, keep it with CryptoDaily!