Charles Hoskinson talks ETC, Consensys, Coinbase and more

03 Mar, 2019 | Updated: 04 Mar, 2019
by David Robb
Opinion
Charles Hoskinson talks ETC, Consensys, Coinbase and more

IOHK head Charles Hoskinson recently appeared on the Thriller Podcast. He gave updates on the status of Cardano (ADA), as well as sharing his thoughts about Ethereum (ETH), Consensys, and Coinbase, amongst other things.

Hoskinson took the opportunity to promote the upcoming IOHK Summit, which is due to take place in Miami on April 17-18, and will be the first major public meet-up for Cardano (ADA) enthusiasts.

Read more: Cardano Foundation answers community questions in AMA; Cardano set to launch a new roadmap in April detailing "Cardano 2020"

The host asked for Hoskinson's take on recent developments with the Ethereum (ETH) eco-system. Hoskinson praised the team behind Ethereum Classic (ETC), and claimed that the project would help ease the transition when ETH switches to proof-of-stake, which could cause many miners to abandon the network.

Speaking about Consensys, Hoskinson was critical of the way Joe Lubin has run the business, claiming that it was only started because he "has a lot of f**king Ether (ETH). He also referred to the whole project as "the 'make Joe Lubin rich' fund", and insisted that its growth was never sustainable and seemed like "a market grab" that assumed ETH's domination was inevitable. Despite these failings, Hoskinson also acknowledged out how important the Consensys project has been for the Ethereum eco-system.

Read more: According to ConsenSys: Layoffs did not exceed 13%, affected all staff

Hoskinson also gave his thoughts about Coinbase's recent activities, including its controversial acquisition of security firm Neutrino. He insisted that its compliance with government regulations regarding KYC and investor protection was essential for a company as large as Coinbase to continue growing, and warned against crypto enthusiasts focusing their anger on the company itself. 

Read more: Coinbase admits that the previous third-party provider sold client dataIs Ethereum dead? Here's why ETH still has a bright futureCharles Hoskinson: Cardano will "get back in the top 5"

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