In the interview, the mathematician talked about Cardano with influencer and YouTuber Ben Armstrong, aka Bitboy. Based on his social following (over 1,45 million YouTube subscribers and nearly 856.000 Twitter followers), Bitboy is one of the leading cryptocurrency influencers.
However, it was criticized for its association with several cryptocurrency scam projects. According to the allegations, Armstrong promotes projects only for the remuneration they offer, without carrying out due control over them. One of them is the DeFi Celsius platform, which has been criticized for its unsustainably high returns. The company recently suspended user withdrawals due to a cash shortage. Ironically, Bitboy recently announced plans to sue Celsius for this decision, despite being a fan of the project a while ago.
Hoskinson criticized for confronting Bitboy
After Hoskinson's interview with Bitboy, Twitter user @fabian_vBergen claimed that Hoskinson's actions only promoted the scammer. He even objected to posting a link to the interview, stating that he would only give the "scammer" a bigger platform. Others have voiced similar criticism, saying his association with Bitboy could label Cardano a scam or pump-and-dump scheme.
In response, Hoskinson argued that such radicalism is unthinkable. His goal was to communicate Cardano's mission, vision and ethics to gain additional believers in the project.
According to Hoskinson, other shows and media outlets have criticized Cardano. But even then, he claims he would have given them interviews anyway. And even if it may seem "old fashioned":
Cardano needs an army to change the world, and we're not going to build it just by talking to the innocent and the pure.
Slow but sure
Cardano prides itself on being one of the slowest but safest projects in the cryptocurrency industry. Rival Ethereum suffers from network congestion and high gas fees. Just recently, Ethereum communicated that The Merge would be delayed once again, despite being successfully run on the test network. The major update is intended to improve network scalability, among other features.
Meanwhile, Solana is subject to interruptions from time to time. Solana has had five stoppages this year and seven in 12 months. The latest took place on June 1, about two weeks after the announcement of an update aimed at reducing these problems.
By comparison, Cardano has had the fewest outages, and its rates are relatively affordable. It also progressively increases scalability, reaching 88KB block size at the end of April. This update, in addition to the smart contracts functionality, has seen an increase in DApps. Despite the functionality issues, as of March 24 Cardano had 579 DApps in various stages of development.