Former BitMEX CEO Arthur Hayes called Cardano's native blockchain token (ADA) “dog crap” due to low usage in the protocols.
For all you $ADA believers, what dAPP on this list originally launched on Cardano, or has a Cardano offering that is heavily used? From my very limited knowledge, looks like none of them do. That's why $ADA is dog shit. @IOHK_Charles pls educate me.
Yachtzee 😚😚😚😚😘😚😘 pic.twitter.com/riQORI6Ipy
— Arthur Hayes (@CryptoHayes) February 21, 2024
He attached a screenshot to the post on X, which shows the commission received by various decentralized applications.
The identified projects included Kwenta, Gains Network, Aura Finance, Curve, Aave, MakerDAO, Uniswap And Lido Finance.
According to the former head of BitMEX, the lack of actively used dappcreated or available on Cardano, demonstrates the inefficiency of the platform.
Considering the manner of blockchain founder Charles Hoskinson answer sharply to criticism, this time his comment turned out to be more restrained.
@CryptoHayes Arthur, why are you throwing shade at Cardano? I like you man.
— Charles Hoskinson (@IOHK_Charles) February 20, 2024
Then Hayes statedthat he “likes Hoskinson too,” but did not retract his words about ADA, advising him to buy Ethereum.
Previously, the founder of Cardano expressed skepticism regarding the development of second-layer solutions on the Bitcoin blockchain.
In November 2023, Hoskinson and Blockstream CEO Adam Back argued about the decentralization of Bitcoin. The first suggested that a 51% attack would only require three subpoenas against the owners of the largest mining pools.
In October, the head of Cardano accused Ethereum of plagiarizing the Ouroboros consensus protocol.
Source: Cryptocurrency
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