Allow me to explain two things about Charles Hoskinson, and why crypto media is the biggest garbage on the market 👇
In the last 24 hours, all the biggest #crypto media outlets and influencers have been pushing the same coordinated story. That story says: Charles Hoskinson is stepping away, $ADA is collapsing, and Charles said that many projects on Cardano will soon announce that they are shutting down.
Read that twice.
Now let’s continue.
They are all repeating this, but they do not want to mention the following two key facts.
1️⃣ In a live stream a few days ago, @IOHK_Charles said this is a difficult time in the market, and that many who failed to build business models and sustainable projects will stop operating. That is what he said.
But this is not only about #Cardano. This applies to any project, and even to the coffee shop in your town. If you have no customers, if you are not selling coffee, you close the doors, my friend. But that does not mean the whole industry is in trouble. It means you did not know how to run your coffee shop, you had no marketing, and you failed.
And that is exactly what Charles said about many projects.
It does not mean that all projects on Cardano, or on any other blockchain, will fail. It means that the projects incapable of developing a real business model will fail. That is not Cardano’s problem. That is the problem of incapable leaders who did not know how to monetize their work.
2️⃣ Second thing:
“Charles is leaving!”
Tears almost come to my eyes when I see every garbage outlet write this while intentionally hiding the fact that Charles only said he needs a little break, but from X, from the trash that lives here, from the biggest human vampires, from the worst people with broken lives and broken minds hiding behind keyboards.
That is what he said.
He needs a break from the worst among us.
He is not leaving Cardano.
He is not leaving Midnight.
He just needs a break from the garbage around us on X.
He has hundreds of employees on long-term contracts. They are working, building, developing every single day, while some people on X only spread hate, FUD, and bitterness.
And if he said he is going to take a short break, that means he is taking a break from the crap here. It does not mean he is waking up tomorrow morning, shutting down the company, and firing hundreds of people.
Let’s continue.
The biggest crypto influencers, the same ones who kissed his ass for an interview, begged him, messaged him, asked for money for sponsorships, are now reporting that Charles is leaving.
They are twisting his words, faking the truth, and distorting the narrative.
The same media outlets that today say Cardano projects are dying will not tell you that they, as media outlets, were taking 2% or 3% of a project’s max token supply just to talk about them. They would create hype, dump everything, and take the profit. And today they say Cardano projects are failing, but they will not tell you that they also had a gun in their hands, and they were shooting at those same projects.
Shame on all of you.
The biggest media outlets, the biggest scams around us, the big KOLs, the X accounts, the media houses, all of you are just common garbage, ready to beat a dead man on the floor for 100 extra clicks.
Cardano will survive.
Charles will be fine.
We will all be fine.
We will succeed.
And you will never be able to look your own children in the eyes. One day, tell them you sold yourselves for 100 extra views. 🤮
One of the deepest lessons I've taken to heart over the past decade is that becoming a public figure means you turn into a human rorschach test where those who don't like you will take any post or comment and assume the worst possible interpretation.
Working on Cardano this past decade has been a whirlwind of emotions, challenges, and tremendous obstacles to overcome. It's been a journey that not everyone completed, and watching friends fade, false starts, and ending up in a place unexpected, but not undesired, is hard to process.
I took a drive alone, which I rarely do since getting a security detail, and shared the moment with everyone. It was something I felt appropriate because so many of us went on this journey together and are also feeling so much that it is sometimes hard to express in words.
It gave me comfort seeing the comments from kindred spirits who got what I was saying. And I suppose I accept how fragile and damaged the other comments are. People in our industry are so used to scams, rug pulls, and evil founders that they can't comprehend an honest ecosystem or the best efforts of so many thousands of people.
It tells me that we have a very long road ahead to heal the damage and avarice. It also tells me a lot about where humanity is. We don't get to have moments to enjoy a pure accomplishment anymore.
What Cardano has done is one of the greatest technical achievements in human history:
A distributed system that runs in more than 100 countries, which has never shut down, without central coordination just seamlessly upgraded for millions of people who have never met each other to evolve into a decentralized nation complete with its own constitution. The audacity is absurd.
This dwarfs Bitcoin. It's unique, and books will be written about what has happened. Cardano is now a governance virus that is living, self- replicating, and self-sustaining. It has intelligence and a will to survive and grow. Nothing can shut it down. Nothing can stop its growth.
Where all of this could go is what I was thinking about while driving. We created something alive together. Now we all get to live in a world where it exists.