This year’s bull market thesis
1. Eth ETF: likely to be rejected in may june likely to be approved in august (one that blackrock filed)
2. Solana attempt to flip eth just like bcash attempting to flip bitcoin (2017 style)
3. Bitcoin attempting flippening gold at the peak.
The weird lore of Charles Hoskinson:
- born in Maui (Hawaii) raised in a strict medical family
- homeschooled by his grandfather, finishes high school at 15
- studies mathematics in Colorado, never completes a degree
- early obsession with economics and monetary systems
2007-2012: politics before crypto
- works as a fundraiser for Ron Paul’s presidential campaign
- helps create the online “money bomb” strategy
- becomes disillusioned with traditional politics
- discovers Bitcoin
2013: first steps into crypto
- launches the Bitcoin Education Project
- meets Vitalik Buterin through Bitcoin Magazine
- joins the original Ethereum team as one of the 5 cofounders
- becomes the first CEO of Ethereum
2014: the Ethereum fallout
- clashes with Vitalik over governance and structure
- Ethereum chooses the non-profit path
- Charles is removed from the project
- later predicts Ethereum will fail due to fragmentation
2015-2017: the birth of Cardano
- co-founds IOHK with Jeremy Wood
- starts building Cardano from scratch with academic research
- launches Ouroboros, a new proof of stake model
- raises $124M via ICO without VC backing
- Cardano mainnet goes live in 2017
2018-2021: Cardano goes global
- expands staking system under Shelley era
- introduces smart contracts with Alonzo
- ADA market cap explodes during 2021 bull run
2022-2024: growth and governance
- pushes Cardano into decentralized governance
- oversees Voltaire and Chang upgrades
- TVL peaks near $660M
2025: the most controversial year
- Cardano suffers a rare chain split
- Charles labels it a coordinated attack
- contacts the FBI
- community divides over his reaction
parallel reality: Wyoming
- buys 11,000 acre ranch in Wyoming
- opens a private medical clinic
- invests in longevity research and de-extinction science
- funds experimental biotech projects
today:
- net worth estimated around $1.2B
- still leading Cardano and IOG but says he has no power now
- will take some free time
- Cardano is now at bottom
@Pledditor to answer his question:
it's not about what he can do NOW.
the problem is he sold Cardano as something it never was. and people believed him.
now they will all suffer the consequences together.