‘ADA Is Like BTC,’ Says Hoskinson, Defending its Lack of Growth Hacking
- Charles Hoskinson defends ADA’s lack of investment support and growth hacking.
- Hoskinson emphasizes ADA’s protocol design, stating it is a self-bootstrapping ecosystem.
- ADA gained over 10%, putting its price at $0.4346 in the last seven days.
“Cardano is like Bitcoin,” says Charles Hoskinson, the founder of the Cardano blockchain (ADA), in response to a question about the absence of growth hacking and investment support on the network in comparison to rival blockchains such as Polygon (MATIC).
In a 30-minute podcast yesterday, Hoskinson argued that the ADA network is a truly decentralized protocol where nobody owns or controls it, unlike some of the rivals “where the founders have allocated boatloads of money, a massive pre-mine, towards the customer service role.” Cardano is “a self-bootstrapping ecosystem,” the founder added.
MBO, Right Clicking, and Growth Hacking https://t.co/02gsZnlgMC
— Charles Hoskinson (@IOHK_Charles) April 18, 2023
The comment from the Cardano founder came after a crypto enthusiast on Twitter expressed that people needing help with marketing, investment, or developing a mobile app would prefer the Polygon blockchain. “You actually feel welcome and wanted,” he wrote, arguing that Polygon has dedicated resource centers with a better onboarding experience.
Why don’t we have that kind of support on #Cardano ? @IOHK_Charles @InputOutputHK @Cardano_CF https://t.co/geogegFpUg
— $goofycrisp (@goofy_crisp) April 18, 2023
However, Hoskinson clarified that Input-Output Global, the development team of Cardano, has no mandate to create a growth hacking group whose day job is to be the first point of contact for anyone building on Cardano. He said ADA holders have the prerogative and right to vote for that and organize such design as they see fit. In his words:
Input-Output was never given that mandate, money, or desire to be in that (investment support) role; We never signed up for that. We do the protocol design; we do the engineering; we don’t do growth hacking (unless) out of necessity.
In the last seven days, the Cardano utility token, ADA, gained over 10%, putting its price at $0.4346.
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