Ethereum
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Cardano founder Charles Hoskinson claimed that Ethereum Classic (ETC) is a scam whose “sole purpose is for insiders to dump money on those they recruit in the blind hope of a magical future that will never come.”
Hoskinson’s comments came as a response to ETC Cooperative CEO Bob Summerville. In a May 18 post, Summerville lashed out at the Ergo Foundation for giving up “their own account with 60,000 followers in order to get stolen money from Charles.”
Recall that in October 2022, Charles Hoskinson renamed the account Ethereum Classic on twitter (the company is banned in Russia) V Ergo Foundation. This came after a disagreement with the Ethereum fork team.
As stated on the official website, Ergo is described as “a next-generation PoW smart contract platform that enables new models of financial interaction.” The platform is said to be based on “a secure and rich scripting language, and flexible and powerful zero-knowledge proofs (Σ-protocols)”.
In subsequent tweets, the ETC Cooperative chief executive added that Hoskinson not only handed over stolen property to Ergo, but also harmed the ETC community.
In response, Hoskinson listed what the Ergo project has achieved, while the ETC team has been doing the same for many years.
The Twitter account was created through years of effort and marketing from IOG. It was unethical to force a project on these subscribers that is now a scam.
Ergo is what ETC was meant to be and the project continues to innovate, looking forward to ethical leadership and funding going forward,” Hoskinson wrote.
When journalists and members of the crypto community call Cardano a ghost blockchain that has not been able to come close to the status of “Ethereum killer” in any way, they invariably give out a very toxic reaction.
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