Charles Hoskinson, the head of the IOG (Input Output Global) company that created Cardano's proof-of-stake (PoS) blockchain, has been harsh on criticism in a podcast made by crypto industry names recently. In the podcast, it was mentioned that all smart big money managers avoided investing in Cardano (ADA), and it was said that they missed the technological development.
Commenting on an episode posted by a user on Twitter and also appearing on the podcast, Haseeb Qureshi said that while these people are not considering the largest proof-of-stake blockchain and token ADA, cryptocurrency is a combination of technology and religion. He said that a cryptocurrency should have both.
Another guest on the podcast said that Cardano (ADA) and Charles Hoskinson, unlike Ethereum and Solana, have adopted the development of blockchains without rushing and paying attention to every detail. He stated that we are still at the beginning of the race to compare Cardano (ADA) because of its deeper and academic approach. But what worries Cardano (ADA) is that there isn't much development and activity on this blockchain. Apart from this, it was also stated that there are not many projects integrated on the Cardano network.
Charles Hoskinson, president of IOG (Input Output Global), the company that created Cardano's proof-of-stake (PoS) blockchain, responded to the criticism with an ironic tweet, stating that the entire developer team should pack their bags, close the academic research center and lay off hundreds of engineers.
"So there you have it folks. We only got religion here. No tech. Pack up your bags. Let's buy some robes. Need some volunteers for pricing bulk kool-aid orders. We might as well shut down all those academic research centers and fire the hundreds of engineers while we are at it."