The founder of Cardano criticized users who compared his network to the bankrupt company Theranos, assuring that network developers always publish the results of their work.
During an Ask Me Anything (AMA) session on YouTube, Charles Hoskinson stated that the Cardano project has no secrets, unlike the now-defunct biotech company Theranos.
It was founded by Elizabeth Holmes, who, according to Hoskinson, was trying to be another Steve Jobs. Theranos has been developing innovative equipment capable of performing complex blood tests. Holmes attracted a multi-million dollar investment, but the company was never able to submit a product for open testing. During the investigation, the company’s activities were called massive fraud.
Skeptics of Cardano often refer to this blockchain as a “ghost chain.” They claim that the project’s technology is as real as the Theranos blood analyzer, alluding to empty promises and lack of a large user base.
Hoskinson responded to Cardano critics that Cardano’s open source documentation is in the public domain, while fraudulent products are always “lurking behind the scenes.” Anyone can fork Cardano and take advantage of what Mina Protocol and Polkadot have done, Hoskinson said.
Despite the criticism, Cardano has its supporters. Among them are Finder analysts who predict that thanks to the introduction of smart contracts, the ADA rate will reach $2.79 by the end of the year. The total number of addresses on the Cardano network now stands at over 3 million, up 500,000 in less than a month and a half.
Note that Hoskinson often has to get into a skirmish with users. Previously, he accused them of greed for offering to burn ADA tokens.
Source: Bits
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