{"id":8029,"date":"2018-08-13T00:00:00","date_gmt":"2018-08-13T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/08\/13\/cardanos-charles-hoskinson-speaks-about-crypto-economy\/"},"modified":"2018-08-13T00:00:00","modified_gmt":"2018-08-13T00:00:00","slug":"cardanos-charles-hoskinson-speaks-about-crypto-economy","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/cardanos-charles-hoskinson-speaks-about-crypto-economy\/","title":{"rendered":"Cardano\u2019s Charles Hoskinson Speaks about crypto-economy"},"content":{"rendered":"
The CEO<\/strong> of the engineering firm InputOutput<\/strong>, Charles Hoskinson<\/strong> conducted an \u201cAsk-Me-Anything\u201d on Twitter in which he spoke on his views of the direction the cryptocurrency digital economy is heading, the Cardano project and even the feud he had with the Ethereum co-founder Vitalik Buterin.<\/p>\n Hoskinson in AMA said that cryptocurrencies<\/a> <\/strong>will not replace the central bank but will rather change the way wealth is valued. He added that the impact of the crypto economy will be similar to that of cell phones on telephony, in that it didn\u2019t completely cause a phase out of businesses but compelled telephone companies to adopt different business models.<\/p>\n In his words,<\/p>\n \u201cWe lost the payphone and a lot of landlines are going away, but you know there\u2019s still a business model. Similarly, the innovation won\u2019t kill the central bank.\u201d<\/em><\/p>\n He stated that for the first time, private money is being put on the same pedestal with public money, that this will introduce a new standard in wealth calculation. Furthermore, he is of the view that cryptocurrency represents a new philosophy that a group of people have agreed on that will add a beneficial dimension to wealth.<\/p>\n \u201cYou might even have a different way of measuring it that\u2019s a bit more immune to inflation, especially if you live in a country that tends to suffer from pretty bad inflation. So that\u2019s where I think this is ultimately going to go is in that direction\u201d<\/em><\/p>\n The Cardano<\/strong> founder said that the project is a passion he thinks about day and night, stating that all aspects of it was envisaged to incorporate the very best such as the choice of Haskell as the programming language for the cryptocurrency.<\/p>\n