In a recent tweet, Cardano’s Charles Hoskinson explained that he is not capable of forcing the Vasil hard fork in response to a critic, highlighting the blockchain’s decentralization.
The much-anticipated upgrade is expected to occur on Sept. 22.
A Bitcoin maximalist, who goes by @btc_bryan_21, stated that Hoskinson could change the total supply of ADA tokens on a whim due to its alleged centralization.
Cardano’s maximum supply is capped at 45 million ADA tokens, but the critic alleged that nothing would stop the crypto mogul from changing that, alleging that the blockchain’s monetary policy is very malleable.
However, Hoskinson categorically rejected such an idea, adding that Bitcoin maximalists are “beyond stupid.”
In July, the former Cardano founder also said that Bitcoin maxis are the most “toxic” and “useless” people to engage in response to former MicroStrategy CEO claiming that the ADA token is an unregistered security.
As reported by U.Today, the Cardano has repeatedly opposed the idea of burning ADA tokens since all of them are actually in the hands of actual owners. This would be tantamount to stealing from the community, according to Hoskinson. Last September, he compared the idea of burning ADA to stealing food.
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at email@example.com.
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