Hoskinson anticipates flood of VC money coming for Cardano by 2024
During Mainnet 2022, in New York, Hoskinson talked about things people get wrong with Cardano. The topics of discussion ranged from the benefits of starting with a Bitcoin base (UTXO), slow, methodical principles that have considered upgradeability paths before needed.
Speaking to a passive-aggressive Ryan Selkis, who co-founded research platform Messari, Hoskinson explained why some VCs overlook the Cardano ecosystem. The Input Output (IO) CEO said, “the problem is we didn’t have any ponzinomics for them,” before elaborating that VCs chase short-term profits via unfair early distributions to dump on retail bag holders. Supporting his point, Hokinson gave an unnamed example that launched to market at a high valuation.
Source
@CryptoWorldAnalysis
