VCs don't understand that Cardano has a community: Charles Hoskinson

“We live in a world where arbitrary groups of people get to be fact-checkers and decide what's legitimate,” said Hoskinson.

) ecosystem while clarifying the concerns raised by other members of the crypto community over the past year.

He also highlighted the need to change Silicon Valley’s “bizarre mantra of move fast and break things” in crypto, which caused losses of $10.5 billion in the decentralized finance space in 2021. Stressing on Cardano’s slow and methodical approach, Hoskinson said: Hoskinson also said that Cardano will gradually transition into a permanent open source project and compared it to Linux operating system. He hopes to move away from a hierarchical structure to open-source DApps developed by the members of the Cardano community:

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