For many observers, the collapse of LUNA and UST was an black eye for cryptocurrency. To Charles Hoskinson, it was a validation of his go-slow approach to developing a blockchain.
“If you move too quickly, as we’ve seen with Luna, and we’ve seen with $10.5 billion of hacks last year, you could actually get it to work until it doesn't, and then when it doesn’t it’s a catastrophic failure and everybody loses their money,” the Cardano founder said in a recent interview with CoinDesk.
By contrast, he said, he and his company IOG (formerly IOHK) are moving deliberately in building the Cardano network, playing the “long arc game,” measured not in weeks or months, but in years to decades.
“We always say it’s not first, it’s best out of the gate” who succeeds, Hoskinson said. “The people who are going to survive are those who are tested under stress and exhibit resiliency.”
Hoskinson, who will speak at CoinDesk’s Consensus 2022 in Austin, Texas, next month, has worked in the industry for...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...