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Home News Cryptocurrencies Altcoins

Charles Hoskinson Bashes Ethereum Classic, Calling It a Dead Blockchain

by Angel Sanchez
September 7, 2022 - Updated on April 11, 2023
in Altcoins
Charles Hoskinson And Ethereum Classic

Charles Hoskinson vs Ethereum Classic

Cardano’s founder and American entrepreneur, Charles Hoskinson bashed Ethereum Classic ($ETC) labeling it as a dead blockchain, claiming it doesn’t have the fundamentals and its existence is pointless.

  • The Colorado-based mathematician lashed out at Ethereum Classic given that an Ethereum fan alleged that Charles Hoskinson’s plan to adjust ETC block rewards allocation is in reality a tax to the miners to milk Ethereum.

No drama, just saying that SHA-3 and also a treasury was rejected.
Charles hoskinson wanted to implement a 20% miner tax to milk ETC.

— Maximalist.etc (@SETHMCCORMACK9) September 5, 2022
  • The Cardano’s founder replied to these accusations in a tweet less than an hour later, pitting the Ethereum Classic community and claiming that the old blockchain doesn’t have a motive to exist.
  • “I love how a sustainable development fund turns into a miner tax. ETC still gives me sadness for what could have been. It’s a dead project with no purpose or real compelling argument to exist outside of spite.” Charles Hoskinson stated.
  • The bulling against Ethereum doesn’t seize there, Charles Hoskinson bashed Ethereum classic fanatics the following day, by regarding Ethereum Classic as a dead horse. He uploaded a YouTube Video titled “Beating a Dead Horse (Choose Ergo)” bashing one more time Ethereum Classic enthusiasts.
  • A call to move to Ergo. This crypto entrepreneur advocates transitioning over to the Ergo Blockchain, considering that Ergo is one of the few top leading-edge PoW coins and one with a healthy community.

See Related: Deadcoin

Ethereum Classic Prices Soars up as Ethereum miners move to other PoW blockchains
Ethereum Classic price soars up as a result of Ethereum miners moving over to other PoW blockchains
Tags: BlockchainCharles HoskinsonCryptocurrenciesEthereumEthereum ClassicIOHK

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