- The feud between XRP and Hoskinson has been going on for years.
- In the latest battle, XRP supporters targeted Charles Hoskinson for his views on the ongoing XRP lawsuit.
- The Cardano Founder stood his ground and retaliated against the XRP community.
Cardano Founder Charles Hoskinson is no stranger to controversy within the crypto community. From sparking heated debates between Cardano and Ethereum followers to drawing scrutiny over the EUTXO model, Hoskinson’s takes have frequently landed him amid the drama.
In the latest episode, Hoskinson’s past comments on the ongoing XRP lawsuit have returned to haunt him, further complicating his already contentious reputation within the XRP community.
XRP Conspiracy Theory
On Monday, May 8, pseudonymous crypto sleuth Mr. Huber took a shot at Hoskinson for previously dismissing “conspiracy theories” about Ethereum insiders bribing the Security and Exchange Committee (SEC).
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The online personality contented that it was a “ridiculous idea” to claim former SEC Director William Hinman’s infamous speech on Ethereum, where he declared the asset as “sufficiently decentralized,” was a pure coincidence.
To which the Cardano Founder retaliated, noting that the allegations of the SEC targetting XRP because of bribes were inaccurate. He added that recent regulatory actions against Coinbase, Kraken, and more took away the legitimacy of those claims.
This led to Hoskinson reigniting tensions with the XRP community, with some users arguing that the controversy-ridden founder pushed a self-serving narrative by labeling the conjecture as a “conspiracy theory.”
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In response to XRP supporters, Hoskinson asserted that the XRP community manipulated his words into a “lie beyond recognition” and that he stood by his original statement.
Although intense, this isn’t the first time Hoskinson has come at odds with the XRP community. The two parties have a long-standing feud, with Hoskinson claiming to have been “viciously attacked” by XRP supporters.
Bad Blood
Interestingly, Hoskinson broke his silence by replying to Mr. Huber’s tweet. The Cardano Founder had previously vowed never to comment or mention XRP and its ongoing lawsuit after drawing fire from the XRP community for his comments on a public forum in December 2022.
Hoskinson posted a video claiming that he supported XRP and did not believe it was security “in its current form.” However, XRP holders’ theory of the lawsuit being subject to bribes was nothing short of a “conspiracy.”
He claimed that Ethereum was treated differently by the SEC because of its “size, scale, and scope” and not money. Later in the video, he asserted that he wouldn’t talk about XRP in any circumstance, even after the case had been resolved. The Cardano Founder promised to reply with “no comment” to anything related to XRP.
The subject matter couldn’t keep the rowdy founder from chiming in, who is currently in a lot of heat for his comments.
On the Flipside
- An Ethereum co-founder recently accused Charles Hoskinson of contributing nothing to Ethereum.
- In a recent hearing, SEC Chairperson Gary Gensler struggled to answer whether Ethereum should be considered a security or a commodity.
Why You Should Care
Given the hostility between the two parties, it’s unsure when this feud will end. However, conspiracy or not, the ongoing XRP-SEC lawsuit will decide the fate of cryptocurrencies in the US. Charles Hoskinson’s comments on the matter can affect the morale of XRP supporters. However, this doesn’t mean XRP supporters can attack the founder online for having an opinion.
FAQs
Charles Hoskinson is an American businessman who is the founder and face of Cardano Blockchain and blockchain engineering company Input Output Global (IOG). He is also one of the original founders of the Ethereum blockchain.
Charles Hoskinson was born on November 5, 1987. At press time, he is 35 years old.
Whether Cardano or XRP is “better” depends on users’ needs and goals. Cardano excels with its scalability solution for decentralized applications (dApps), and XRP is great for cross-border payments. Both projects have strengths and weaknesses; the choice between them depends on your specific needs and use case.
While both Cardano and XRP are Layer-1 blockchains, they have different goals and approaches. Cardano focuses on building decentralized applications (dApps), while XRP is a digital currency for cross-border payments. Cardano uses the more sustainable and secure proof-of-stake (PoS) consensus algorithm. XRP, on the other hand, uses Ripple Protocol Consensus Algorithm (RPCA).
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