Cardano Founder Draws Line In The Sand–’I’ll Retire If This Fails’

Description

Charles Hoskinson has delivered his sharpest ultimatum yet to the Cardano community, telling viewers of a June 16 white-board livestream that he will “simply retire” if the network rejects his plan to overhaul its 1.7 billion ADA treasury—now worth about US $1.1 billion at the current spot price of roughly $0.64 per ADA—into an actively managed, multi-asset sovereign wealth fund. Cardano At A Crossroads Hoskinson opened with a stark assessment: the on-chain treasury—about 1.7 billion ADA, worth ...