Ethereum is a ‘tyranny’, according to Cardano founder Charles Hoskinson.

Ethereum Is A 'Tyranny', According To Cardano Founder Charles Hoskinson.


Cardano's Voltaire-era governance reform will prevent it from becoming a “tyranny” like Ethereum and sidestep Bitcoin's “anarchy,” founder Charles Hoskinson said.

Speaking to Cointelegraph in Singapore, Hoskinson attacked Ethereum's current governance model, saying it relies heavily on co-founder Vitalik Buterin for direction.

Hoskinson says blockchains like Bitcoin can choose to keep the protocol simple forever or “elect a king” to run things. However, Cardano's new governance model of “Efficiency, Effectiveness, and Integrity,” the “governance trilemma,” makes complex governance topics sound less complicated by using delegated representatives and a member-based organization called Intersect.

“If you have those three things, you've got the right move to remove the anarchy of Bitcoin or the tyranny of Ethereum, and you've certainly got something moving forward with one voice, but it's still decentralized at the end of the day because it represents everyone.

Pressed to explain his controversial speech comparing Ethereum to a dictatorship, Hoskinson said that the “full vision” of Ethereum begins and ends with 30-year-old Buterin.

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Charles Hoskinson at Token2049 in Singapore. Source: Cointelegraph

“Everybody looks to him for the roadmap. Everyone looks to him for inspiration, and he's the only one with enough energy to bring people together,” he said. “Now if you take him out of the equation, what will the next hard fork look like, and how quickly can you get there?” he asked.

According to Hoskinson, Buterin is responsible for Ethereum's roadmap from optimizing the base chain based on sharding and shifting to bundled and scalable Layer-2 networks.

In recent months, Ethereum's roadmap has come under heavy criticism for ending “Extractive L2s” as payment revenue and activity on L1 has slowed.

“Where did this idea of ​​embracing layer 2s come from, or did the scrolls come from? Was it some random Ethereum engineer – or was Vitalik Buterin blogging about it, talking about it and advocating for it?”

While Hoskinson believes that Ethereum will have a significant impact on Buterin's vision, Buterin does not use unilateral power in a decentralized network.

The blockchain uses a mix of offchain and onchain governance that includes the Ethereum Foundation and community and stakeholder input into Ethereum's update protocols, with key decisions made at core developer meetings. Controversial decisions can lead to hard forks, such as The DAO hack rollback that resulted in Ethereum Classic.

Hoskinson was one of the eight original founders of Ethereum and its CEO, but his profitable vision for the protocol clashed with Buterin's and the young inventor resigned in 2015. He kicked him out of the project at a meeting in Switzerland in 2014.

Hoskinson admits to having played a broadly similar role in shaping Cardano since 2015 — the network's new governance model is set to “Charles, live/dead doesn't matter. There are still new inventions every day.

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Cardano's Chang hard fork in early September turned ADA into a governance token, allowing landowners to elect representatives and vote on development proposals and fund community projects. So far, the founding entities that led the project – Cardano Foundation, Input Output Global (IOHK) and Imgurgo – cannot initiate forks and updates.

It's a more “collaborative model,” Hoskinson said, with a member-based organization of researchers and engineers — called Intersect — and representative representatives, with or without an active founder.

“They can talk to each other, vote, and formally approve a roadmap by developing a blockchain-based government,” Hoskinson said.

Cardano is still in the process of finalizing a constitution that could place tighter restrictions on some core issues, such as how supply and governance works.

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