Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Cardano Forum => Topic started by: Zed0X on November 10, 2024, 11:19:57 PM
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The Cardano founder and Ethereum Co-Founder is speculated to work under the 47th POTUS Trump. Needless to say, this has caused ADA to pump and be back on the top 10 rankings by market capitalization. What's your take on the possible appointment?
He's been criticizing SEC's lack of clear regulations which also resulted in ADA being classified as a security. Interestingly, he also doesn't like that big companies (maybe can be called as "the establishment") dictate policies on crypto.
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Charles Hoskinson is one of the controversial figures who always tries to pump ADA in any way, even if it is with fake news or ideas that will lead to a bad future for the cryptocurrency, so I do not expect much from him, and perhaps he is one of the figures who harmed the ADA project from a cryptocurrency that may have a history to another shitcoin
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Charles Hoskinson is one of the controversial figures who always tries to pump ADA in any way, even if it is with fake news or ideas that will lead to a bad future for the cryptocurrency, so I do not expect much from him, and perhaps he is one of the figures who harmed the ADA project from a cryptocurrency that may have a history to another shitcoin
I don't know the exact reason why Cardano CEO was chosen and trusted, but in my opinion, Cardano cautious academic approach to development over the years has given its CEO a lot of experience with legal issues and earned them the opportunity to consult with the US government on crypto matters.
My biggest hope is that this will lead to better publicity for Cardano through news about the CEO, and that Cardano could be chosen for important government purposes in the future, such as tokenizing bonds or other high-value assets. ADA price has already reacted very positively to this news, and I hope it can maintain this momentum and increase even more in the coming period as the entire market enters bullrun.
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I don't know the exact reason why Cardano CEO was chosen and trusted, but in my opinion, Cardano cautious academic approach to development over the years has given its CEO a lot of experience with legal issues and earned them the opportunity to consult with the US government on crypto matters.
The PoS policy (~2020) and increasing supply will conflict with any government direction, so I don’t think there is a chance that Cardano will be chosen for important government purposes in the future, such as bond tokenization. Cardano was doing well before the recent staking updates, which completely moved away from blockchain 3.0. If we ignore that despite the good yield, Cardano’s on-chain activity remains low.
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The Cardano founder and Ethereum Co-Founder is speculated to work under the 47th POTUS Trump.
~snip~
For this news I have never heard it, do you have any references for this news to validate?
If it is true and Charles Hoskinson supports Trump's policy, this is definitely good news because usually good news will give an upward effect to the coin. Moreover, what is reported is that Charles Hoskinson is working with Donald Trump who is the current President of the US.
He's been criticizing SEC's lack of clear regulations which also resulted in ADA being classified as a security. Interestingly, he also doesn't like that big companies (maybe can be called as "the establishment") dictate policies on crypto.
That means Charles Hoskinson also doesn't like the presence of the SEC, not only the crypto community that sometimes disagrees with SEC policies but Charles Hoskinson, the founder of the Cardano coin, also agrees with SEC policies and I think this is a good criticism for the SEC to be wiser in providing regulations that apply to the cryptocurrency market.
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That's also what I have heard from the ADA podcasters, they were not sure about it as they said its just the speculation since Hoskinsons did sign an NDA contract which he will just disclose after 8 weeks when things are set.
Just very interesting and maybe he is just hyping but so many weird things are happening with Trump like DOGE department.
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I think it is a mere speculations, thought Charles Hoskinson may be having the intentions to with the new administration, unfortunately, some people has blown this news out of proportion. Remember that there are speculators out there, who takes advantage of some events or developments to make profits.
However, if Charles Hoskinson is appointed a crypto advisor, it is good for the crypto economy and the cardano network. Hopefully, an active crypto enthusiast deserves the position for better understanding of the crypto ecosystem.
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The PoS policy (~2020) and increasing supply will conflict with any government direction, so I don’t think there is a chance that Cardano will be chosen for important government purposes in the future, such as bond tokenization. Cardano was doing well before the recent staking updates, which completely moved away from blockchain 3.0. If we ignore that despite the good yield, Cardano’s on-chain activity remains low.
We need to wait for more updates from Cardano and Charles to better understand the value of this event. For me, Cardano already has the technology good enough to be applied on a business and government scale, meeting the needs for security and scalability that have been academically proven. That is something that many blockchains in the market cannot achieve, so Cardano has a great advantage in this area.
I agree that Cardano onchain activity is still very weak because DeFi has not yet developed and many trends do not look to Cardano because of its rigid structure and a programming language unfamiliar to Devs. But this is not a barrier to the price increase of ADA and the excitement of the community, I hope that ADA will return to be mentioned frequently in 2025 during bullrun.
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I think this is a difficult discussion for me personally because Chales Hoskinson is also a human being who has the instinct to increase Cardano's rating which is at least in the top 10 Coinmarketcap.
If on the one hand Charles Hoskinson supports Donald Trump, maybe that's his path that was chosen for his own good because I'm sure one day a step like this will have a positive effect on the Cardano coin.
For me it's fair, the steps taken by Charles Hoskinson are up to him because he created Cardano and also has a Decentralized principle and no one centrally regulates all Cardano coins that have been created.
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I think this is a difficult discussion for me personally because Chales Hoskinson is also a human being who has the instinct to increase Cardano's rating which is at least in the top 10 Coinmarketcap.
If on the one hand Charles Hoskinson supports Donald Trump, maybe that's his path that was chosen for his own good because I'm sure one day a step like this will have a positive effect on the Cardano coin.
For me it's fair, the steps taken by Charles Hoskinson are up to him because he created Cardano and also has a Decentralized principle and no one centrally regulates all Cardano coins that have been created.
Most crypto guys are up to support Trump when he promised things to crypto before the election. Now that he is the president, Trump would need more support from people like Charles who has influence to his audience.
Trump adding ADA to the crypto strategic reserves was actually surprising. What ADA supporters expect is just the ADA ETF to be approved.
But most probably its Charles and Elon who advised Trump in the decision making of crypto reserves.
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For me it's fair, the steps taken by Charles Hoskinson are up to him because he created Cardano and also has a Decentralized principle and no one centrally regulates all Cardano coins that have been created.
Most crypto guys are up to support Trump when he promised things to crypto before the election. Now that he is the president, Trump would need more support from people like Charles who has influence to his audience.
The conclusion is there, it definitely requires something called mutual symbiosis. Good cooperation between Charles Hoskinson and Donald Trump definitely wants positive results about cryptocurrencies like Cardano.
Trump adding ADA to the crypto strategic reserves was actually surprising. What ADA supporters expect is just the ADA ETF to be approved.
Ah man, yes that's right. The Cardano community definitely wants this ADA coin to be an ETF because maybe with the acceptance of this ETF it is a safe point for the Cardano coin and its community.
But most probably its Charles and Elon who advised Trump in the decision making of crypto reserves.
It should be like this, I am sure Charles Hoskinson and Elon Musk will be able to provide the best way for Reserves cryptocurrency but with the condition that Donald Trump's rules will definitely provide strict policies because every user must also be protected by US law.
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Most crypto guys are up to support Trump when he promised things to crypto before the election. Now that he is the president, Trump would need more support from people like Charles who has influence to his audience.
Trump adding ADA to the crypto strategic reserves was actually surprising. What ADA supporters expect is just the ADA ETF to be approved.
But most probably its Charles and Elon who advised Trump in the decision making of crypto reserves.
I really hope Hoskinson is influencing Trump crypto-related decisions. Hoskinson knows how to persuade others with his experience in this market, he could show Trump the potential of Cardano in making government spending more transparent or the value of ADA in that massive ecosystem.
ADA Spot ETF hasn't really caught on in the market yet, everyone is still talking about XRP Spot ETF, SOL Spot ETF or LTC Spot ETF. If ADA had its own Spot ETF, that would be a major success for Cardano's future, confirming ADA solid existence in this tough crypto market.
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ADA Spot ETF hasn't really caught on in the market yet, everyone is still talking about XRP Spot ETF, SOL Spot ETF or LTC Spot ETF. If ADA had its own Spot ETF, that would be a major success for Cardano's future, confirming ADA solid existence in this tough crypto market.
Cardano's (ADA) strength will also be its weakness, as staking rewards will be subject to income tax, and most of ADA's features are available in many other cryptocurrencies. Furthermore, the token has failed to become an alternative to Ethereum, despite all the declines we've witnessed.
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The Cardano founder and Ethereum Co-Founder is speculated to work under the 47th POTUS Trump. Needless to say, this has caused ADA to pump and be back on the top 10 rankings by market capitalization. What's your take on the possible appointment?
He's been criticizing SEC's lack of clear regulations which also resulted in ADA being classified as a security. Interestingly, he also doesn't like that big companies (maybe can be called as "the establishment") dictate policies on crypto.
Trump mentioned ADA as one of the most promising tokens in the market and accepted for the US crypto reserve/investment fund. I think this is not a coincidence: Hoskinson has contributed a lot to promoting the image of the Ada blockchain as well as the ADA token in this market.
I can guess what the community is expecting from Hoskinson's advice when working with the US government: use the Ada blockchain for the government and accumulate ADA for the federal crypto investment fund :)