In a landmark moment for the cryptocurrency community, Charles Hoskinson, founder of the Cardano blockchain, brought to light a crucial message about the fundamental purpose of cryptocurrencies in a recent emotional post dated April 25.
The Cardano leader used a quote from the 1938 song “I Don't Want to Set the World on Fire” to exemplify the cryptocurrency ideal, saying: “Remember, crypto doesn't want to set the world on fire, it just wants to set the world on fire. wants to light a flame in your heart.”
This view is shared by Vitalik Buterin, co-founder of Ethereum, who has also spoken about the true purpose of cryptocurrencies. Buterin reiterated that, more than token trading, cryptography is part of a movement to guarantee freedom, privacy and decentralization. He reinforced that the aim of Satoshi Nakamoto By creating Bitcoin, it transcended simple digital transactions, aiming for decentralization and individual empowerment against centralized authorities.
Hoskinson expressed concern about what he perceives as a negative trend in the industry. He pointed to the prevalence of what he calls “Kayfabe” — staged events and narratives that do not reflect the true state of the market. During a live broadcast, the Cardano pioneer exposed that some industry players deliberately create deceptive activities and promote selected projects, pretending that these are the realities of the market.
Remember, Crypto doesn't want to set the world on fire, it just wants to start a flame in your heart pic.twitter.com/LC7Ix64kdk
— Charles Hoskinson (@IOHK_Charles) April 25, 2024
Cardano's founder was emphatic when describing his mission to develop a transparent and inclusive ecosystem where users can explore the Cardano network based on their interests. He highlighted the importance of focusing on the principles of decentralization, security and transparency, exemplified by the adoption of blockchain Cardano by Dubai Police to protect its criminal investigations.
In the end, Hoskinson reinforced that Cardano is not limited to competitions and manufactured events that often dominate dialogue in the crypto universe. Instead, the focus remains on the long-term vision and strong fundamentals of the platform.
