Charles Hoskinson, the creator of Cardano (ADA), has stated that the competition in the digital asset space is now between cryptocurrencies and central bank digital currencies (CBDCs). He warns of the dangers of CBDCs and advocates for the principles of decentralized crypto. Hoskinson believes that legitimate crypto projects are the opposite of CBDCs and that the adoption of these principles and philosophies will be the vindication of the fight against CBDCs. He also warns of the potential for transaction discrimination and the exclusion of political minorities if CBDCs are implemented.
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Cardano Creator Warns of Dangers of Central Bank Digital Currencies (CBDCs)
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