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I\u2019ve lost more money than anyone listening to this \u2014 over US$3 billion now. It\u2019d have been real easy to cash out and just walk away.<\/em><\/p>\n<\/div>\n\n
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![](\"https:\/\/cdn.cryptonews.com.au\/2024\/05\/20135412\/Charles-Hoskinson-1.png\")
Charles Hoskinson, Cardano founder <\/div>\n<\/div>\n
Hoskinson shared his losses to counter claims by some in the crypto community that billionaire founders such as himself are insulated from the financial impact of crypto bear markets. The Cardano founder went on to bristle at the suggestion he\u2019s even interested in the money, suggesting losing everything wouldn\u2019t bother him in the slightest.<\/p>\n
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Do you think I honestly care if I lose it all? Do you think I\u2019m doing this for money? You\u2019re pretty mistaken if you do.<\/em><\/p>\n<\/div>\n\n
Charles Hoskinson, Cardano founder <\/div>\n<\/div>\n
Since hitting an all-time high last October of just over US$126k (AU$190k), Bitcoin has plunged and is currently hovering around the US$70k (AU$100k) mark \u2014 a drop of almost 50%.\u00a0<\/p>\n
Meanwhile, since Cardano\u2019s native cryptocurrency, ADA, hit its recent high of just over US$1 (AU$1.45) in August, it\u2019s down over 70% \u2014 changing hands at the time of writing at just over US$0.27 (AU$0.38) according to CoinGecko.<\/p>\n
Related: Hoskinson Targets Clarity Act and Ripple\u2019s Compliance Stance<\/strong><\/p>\nCrypto Will Deliver Us From \u201cEvil\u201d, Says Hoskinson<\/h2>\n
During the video, Hoskinson also discussed how difficult it is to replace the current \u201cevil\u201d global financial system with a fairer, blockchain-based system.<\/p>\n
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Why would it be easy? Why would any of this be easy? Why would any of this involve a straight path? We\u2019re literally rebuilding and restructuring the entire world financial system.<\/em><\/p>\n<\/div>\n\n
Charles Hoskinson, Cardano founder <\/div>\n<\/div>\n
\u201cDo you think it\u2019s an honest system? Do you think it\u2019s a fraud-free system? Do you think it\u2019s not a corrupt system?\u201d<\/p>\n
Hoskinson argued that increased globalisation, accelerated by AI and changing demographics, is leading to the collapse of the old global financial order and we\u2019re in the process of a huge and historic transition to a new order.<\/p>\n
\u201cThe old guard and the old way of doing things is fading and they\u2019re kicking and screaming as they\u2019re being dragged off the stage and a new way of doing things is coming,\u201d he said.<\/p>\n
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The only way to run a world like this is through a cryptocurrency, full stop\u2026there\u2019s an inevitability of victory, we just have to earn it.<\/em><\/p>\n<\/div>\n\n
Charles Hoskinson, Cardano founder <\/div>\n<\/div>\n
The Cardano founder also referenced the Epstein files and what he sees as a vast cover-up of horrific crimes committed by global elites as evidence that the current system and the people running it are evil.<\/p>\n
\u201cI don\u2019t care if we fail or succeed, because it\u2019s not about that,\u201d Hoskinson said. \u201cIt\u2019s about me, personally, saying I don\u2019t consent to what\u2019s going on. I don\u2019t consent to the system that we have. I don\u2019t, it\u2019s evil, it\u2019s irredeemably evil and every group of people who go and try to work with that system, they become evil\u2026There\u2019s no compromise with the devil.\u201d<\/p>\n
Related: Epstein Ties Surface in Early Bitcoin Industry Investment<\/strong><\/p>\nHoskinson argued that blockchain is the only hope of a new, non-evil system. Blockchain can constrain evil, Hoskinson claimed, because it can enforce rules that can be designed to prevent evil.<\/p>\n
\u201cWe\u2019re walking a road that doesn\u2019t lead to an evil place, it\u2019s just that simple\u2026when we reset and get rid of all these dark, evil people the people that replace them go from \u2018don\u2019t be evil,\u2019 to \u2018can\u2019t be evil\u2019.\u201d Hoskinson said.<\/p>\n<\/p><\/div>\n
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