Cardano (ADA) creator Charles Hoskinson says the next year will be crucial for crypto as the government makes groundbreaking decisions for the industry.
During the Cardano Community event, Hoskinson told attendees how the crypto space has significantly evolved since the inception of Bitcoin (BTC).
“In 2009, Bitcoin had no value. No one cared about it. It was fragile, a single person or entity. The hash rate would double or triple in a day. When they went on vacation, stopped mining, it would drop dramatically. See how fragile that is and look at it today.
I was in Mongolia not too long ago. A camel herder had it, think about that. You go to Dubai. You have a king who says we need to make some regulations about that. [Bitcoin is] nation-state adopted, that’s incredible… There are actually two – the Central African Republic.
Forty-four central banks were invited to El Salvador to have that conversation and that’s just the beginning. Ten years ago we were talking about how do we get...
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