Cardano founder Charles Hoskinson reacts to open letter
Charles Hoskinson, the creator of the Cardano network, has chosen to respond to the allegations against him after a Cardano {ADA} community member sent an anonymous open letter to him on social media, harshly criticizing his public opinions.
Info on the open letter and Hawkinson’s response
Cardano creator responded with a 30-minute YouTube video to an open letter that questioned his alleged support of Dr. Jordan Peterson, Elon Musk, and contingent staking.
The open letter was posted on Reddit, where the OP reiterated that Cardano’s reputation was being tarnished by Hoskinson‘s association with these people, who were seen as alt-right icons, and leftists were disenchanted.
The letter also criticized the founder of Cardano for his contingent staking philosophy, claiming that by doing so, he was imposing it in the broader community.
The author claimed it would have been preferable for the CEO of Input Output Global to maintain his anonymity like Satoshi and mentioned that he and several other engineers are thinking about forking the chain.
In reaction to the author of the open letter and current politics in general, Hoskinson attacked them for categorizing people as either completely good or bad. The nuance of humans, he said, is evident.
The founder of Cardano explicitly referred to Dr. Peterson and Musk and noted that despite their perceived shortcomings, they are accomplished people with great ideas.
In response to the charge pressuring the community to accept the concept of contingent staking, he emphasized that he had yet to present the concept as a proposal.
What is the problem?
To put things in perspective, contingent staking will let stake pool operators pick who delegates with the pool. The SPO must sign and delegate the staking transaction for it to operate. As things stand, all a user needs to do to stake with a stake pool is send a transaction without the SPO’s involvement.
As the U.S. Securities and Exchange Commission took action against Kraken for its staking service earlier this month, Hoskinson proposed this suggestion. Notably, some privacy activists in the community are against the notion because they believe its adoption will need know-your-customer procedures.
The Cardano founder refuted complaints that the implementation will result in a KYC regime on Cardano or eliminate private SPOs in a thread response to these concerns. But according to Hoskinson, such a choice would be advantageous for governmental bodies, academic institutions, and other institutions that must maintain regulatory compliance.
Hoskinson emphasized in the video made public yesterday that it is still only an idea and will only be binding on the community if it receives approval through governance.
It is important to note that these discussions take place as the Voltaire age of governance, which is a new one for the Cardano network, is about to begin.
Hoskinson expressed optimism that the Voltaire plan and member-based organization constitution would help the Cardano community make things right by establishing institutions that guarantee reasonable development standards.
However, if the network didn’t comply, Hoskinson claims it would risk repeating the errors of contemporary politics, which he refers to as a “demagogic abomination.”
