Charles Hoskinson, creator of Cardano (ADA), says next year will be very important for cryptocurrencies as the government makes groundbreaking decisions in the industry.
Hoskinson during the Cardano community event Said Attendees will explain how crypto space has evolved significantly since the inception of Bitcoin (BTC).
“In 2009, Bitcoin wasn’t worth it. Nobody cares about it. It’s fragile, one person or entity. Hash rates double or triple in a day. When they go on vacation and stop mining, it will fall dramatically. See how fragile it is and see it today.
I was in Mongolia a while ago. The camel owner had it, think about it. You go to dubai. You have a king who says you need to put some restrictions on it. [Bitcoin is] The nation-state has been adopted, it’s incredible … there are actually two the Central African Republic.
Forty-four central banks were invited to El Salvador to have the conversation, but that was just the beginning. Ten years ago, we were talking about how to get PayPal to talk about us. If Larry Page says something, it’s great. If Bill Gates mentions something, it would be really cool. Well, behold, everyone loves Bitcoin and no one likes Bill Gates. I think I won. “
However, Hoskinson says he expects more to happen in the industry in the next 12 months.
“In the next 12 months, more will happen in this industry and in this world than ever in the field of cryptocurrencies in the last 14 years.
Standards are set, laws are enacted, and decisions are made on how cryptocurrencies are used, what is permitted, what is not permitted, criminals, and radical changes to criminals. Has several options. Do we want to live in a world of freedom and freedom, or do we want to live in a world where people tell us what we are allowed to do? “
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Featured images: Shutterstock / 90miles / Leremy