Cardano founder says “Crypto doesn’t want to set the world on fire”

On Apr 26, 2024

Charles Hoskinson dragged attention toward the use of digital assets outside the boundary of tokens trading on the crypto exchanges.

Charles Hoskinson is the founder of Cardano (ADA) blockchain, a popular Proof-of-Stake (PoS) crypto network that is mainly known for stable & scalable transactions. Before the Cardano project, Hoskinson contributed to the Ethereum (ETH) crypto project as a co-founder but he stepped down from the ETH project following a conflict with core Ethereum co-founder Vitalik Buterin over the future of Ethereum blockchain.

On 25 April 2024, Charles Hoskinson took to his personal X (formerly Twitter) account to divert the attention of crypto investors over the actual goal of cryptocurrencies.

Hoskinson said crypto doesn’t want to put the world on fire, instead, this is only a catalyst to start a flame in the heart.

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

Hoskinson indirectly said that Cryptocurrencies are not made for only trading, instead there are other use cases in the practical world.

It is worth noting that a similar kind of statement was also passed by the other Ethereum co-founder Vitalik Buterin last week.

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Vitalik said that Crypto goes beyond trading tokens—it’s about giving people control over their money and data, promoting freedom, and privacy, and empowering individuals against traditional financial institutions.

This is bad.

Crypto is not just about trading tokens, it's part of a broader ethos of protecting freedom and privacy and keeping power in the hands of the little guy.

And these values unfortunately continue to be under attack, globally. https://t.co/iFM932IBP6
— vitalik.eth (@VitalikButerin) April 20, 2024

Vitalik indirectly tried to explain that Satoshi Nakamoto’s vision in creating Bitcoin was much broader than just facilitating token transactions on the blockchain network.

Bitcoin bull season vs crypto vision

As we know we are currently in the bull phase of this innovative market but here we can see that investment inflow in the top flagship crypto assets is not very impressive, while people are blindly investing huge amounts of money in the newly launched meme crypto tokens.

Recently some top crypto experts talked about the surging popularity & prices of meme tokens over flagship crypto assets and said that such types of trends may ruin the actual rate of blockchain innovations in this industry.