Charles Hoskinson, the founder of Cardano (ADA), pushed back hard against accusations that governments could pressure him into censoring the blockchain. Responding directly to a viral post claiming he could be forced to confiscate users’ assets, Hoskinson replied with a challenge and a sarcastic meme from the movie “Vacation,” mocking the notion that a decentralized protocol like Cardano could be manually censored on command.
It comes in response to a thread where a user argued that unlike Bitcoin, Cardano and other altcoins could be shut down or manipulated through their founders or central entities. Hoskinson dismissed the entire premise as uninformed FUD.
This is not the first time Cardano has been dragged into a debate about control, censorship or centralization. Over the years, critics have claimed everything from slow development cycles to “ghost chain” accusations, despite the chain running over 150 dApps and smart contracts.
One of the recurring claims is that ADA’s development is too dependent on the IOHK team and lacks sufficient decentralization — something Hoskinson has publicly challenged through open governance proposals and community-driven initiatives.
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More recently, Hoskinson stirred fresh controversy with his $100 million DeFi stimulus idea. He proposed that the Cardano Foundation treasury deploy ADA to purchase DeFi-native assets — like USDM, USDA and even Bitcoin — to boost liquidity and adoption in the ecosystem. While some hailed it as a bold move toward financial utility, others took to social media to spread fears that a massive $100 million sale could “crash” ADA’s price.
At press time, ADA trades at around $0.6 — far from its $3.10 peak but steady in the top 10 cryptos by market cap.
