Crypto Crow on Hoskinson: Why Cardano’s Founder Takes the Criticism
Reacting to Charles Hoskinson’s latest video, Crypto Crow examines the founder’s relationship with the community, questions the work of the Cardano Foundation and EMURGO, and explains why he sees Midnight as Hoskinson’s next focus.
By SongMarketCap
Updated:
Crypto Crow believes Charles Hoskinson’s public accessibility has made the Cardano founder the main target for frustration across the ecosystem. In his November 13 livestream, Crow argued that users bring complaints about ADA’s price, network activity, and decentralized finance directly to Hoskinson because they know he is visible and may respond.
Crow’s comments followed a new video in which Hoskinson discussed finishing Input Output’s original work on Cardano. Crow connected that discussion to Leios, Cardano’s governance system, and Midnight. He also questioned how the Cardano Foundation and EMURGO have used their resources.
Why Criticism Keeps Returning to Hoskinson
Hoskinson regularly posts videos, shares his views, and engages with people on social media. Crow argued that this has made him the person community members approach whenever they are unhappy with Cardano.
He pointed to complaints about ADA’s price, trading volume, transaction activity, and the value locked in Cardano’s decentralized finance applications. Crow believes falling prices intensify frustration and that some holders direct those feelings at Hoskinson because they know he can be reached.
Crow also argued that some people post provocative comments specifically to draw the founder into an exchange. When Hoskinson responds, Crow believes others see that the approach works and join in. In his view, the resulting arguments can continue regardless of how much information Hoskinson provides.
Crow acknowledged that he has challenged Hoskinson on different issues himself. He expressed sympathy for the founder, adding that Hoskinson’s continued willingness to communicate reflects how much he cares about Cardano.
The creator believes Hoskinson would be better served by answering questions in interviews with people who have followed and supported the ecosystem. That format, in Crow’s view, would give the founder room to explain his position without responding to every hostile comment.
Crow Questions the Cardano Foundation’s Results
Crow returned to the three organizations associated with Cardano’s early funding and development: the Cardano Foundation, EMURGO, and IOHK, now known as Input Output.
In Crow’s account of Hoskinson’s video, the organizations received resources for different responsibilities, while Input Output carried out the work of building the network. He argued that the founder receives much of the criticism because he is more visible than the other organizations.
Crow questioned the Cardano Foundation’s emphasis on large events and case studies. He argued that, from what he has seen, too little has come from those efforts in the form of trading volume, network traffic, transactions, and decentralized finance activity.
He also criticized what he perceives as the Foundation’s attention to environmental themes and external recognition. Crow wants it to use its resources to help the ecosystem in ways he believes would produce more tangible results for Cardano projects and users.
Concerns About EMURGO’s Record
Crow raised questions about EMURGO’s use of resources and its record in the ecosystem. He expressed frustration about what he views as a lack of clear information concerning where funds went and what the organization accomplished.
He referred to a hacking incident and suggested that EMURGO was withdrawing. Crow did not provide details about the scope or timing of a withdrawal during that part of the livestream.
Crow contrasted EMURGO’s public profile with Hoskinson’s frequent appearances. In his view, the founder’s willingness to speak and respond means that criticism repeatedly returns to him, even though other organizations have their own responsibilities.
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Leios and Input Output’s Original Commitment
Crow linked Hoskinson’s comments about the future of Cardano to the work Input Output was funded to carry out when the project began. In Crow’s interpretation, Hoskinson sees Leios as the remaining major piece of that original commitment.
Leios is a protocol upgrade intended to increase Cardano’s capacity to process transactions. Crow presented its eventual release as a milestone following approximately 11 years of work associated with Hoskinson and Input Output.
He also pointed to Cardano’s constitution and decentralized governance system when discussing what comes next. ADA holders can delegate voting power to representatives known as DReps. Stake pool operators and the Constitutional Committee also have defined roles, with approval requirements depending on the type of governance action.
Crow, who described himself as a participant in Cardano governance, argued that the community now has responsibility for decisions about the network. In his reading of Hoskinson’s remarks, the founder has proposed ideas over the years that did not receive the support needed to move ahead through governance.
Why Crow Sees Midnight as Hoskinson’s Next Focus
Crow interpreted Hoskinson’s growing focus on Midnight as a move toward building a project with his own funding and more direct control over its direction. According to Crow’s account, Hoskinson can pursue that work without seeking approval through Cardano’s governance process.
Crow believes the founder wants to demonstrate what can be built using the technology and experience developed around Cardano. He described Midnight as a potential flagship project that could expand the ecosystem’s reach and use cases.
Midnight is a blockchain designed for applications that need to protect sensitive information while allowing specified facts to be verified. Crow highlighted its potential role in bringing privacy features to applications and users across different blockchain networks.
The creator remains optimistic about both ecosystems. During the livestream, he disclosed an open leveraged long position in NIGHT and shared his view that Midnight could become a catalyst for Cardano. In Crow’s assessment, Hoskinson’s work on Midnight is an effort to build an application that can extend the reach of what was developed over years of work on Cardano.