Charles Hoskinson the founder of Cardano stated in his opening address that, when getting used to the convenience of Bitcoin, you also start considering so many other concepts and plans.
On this year’s first day of Binanceblockchain week which took place in the United Arab Emirates Dubai World Trade Center, Charles Hoskinson who is the founder of Cardano gave a lecture.
While addressing the audience, he used his keynotes to discuss the subjects such as Web3, Bitcoin (BTC), and its philosophy, highlighting the subjects such as what will happen after the crypto communities move on from the convenience of Bitcoin to the direction of centralization.
As the blockchains are becoming more developed and stronger, we need to start taking some challenging and inconvenient philosophical decisions making.
The CEO of Cardano raised many questions regarding Web3 and what are the limits between regulations and decentralization. What is the point when you cross the limit that you are no more decentralized? You are no more arbitrating the trust? Charles Hoskinson asked the spectators comprised of blockchain fans who came from around the world. When getting used to the convenience of Bitcoin, you also start considering so many other concepts and plans.
He highlighted that after the regulators have start looking into blockchain, the questions which were not matters before are also started to come under consideration. Concepts such as transactions could be reversed at what stage? And If we could, your funds could be frozen at what stage? Now come under discussion in blockchain spaces. Hoskinson stated that he thought it would never happen.
Besides that, Hoskinson also highlighted the significance to focus on blockchain technology and not only the revenues. He underlined the blockchain fairness and equality that it is bringing for all individuals, providing the chance to fight for smaller firms. If you are only focusing on making money, you would lose all the special things of this technology.
However the founder of Cardano has not referred directly to an independent decentralized setup, he stated that the individuals should be involved in the decision-making of blockchain programs.