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Cardano’s Hoskinson calls Ethereum Classic ‘scam’ after Ergo’s exclusion from Proof-of-Work Summit

May 19, 2023
in Crypto Exchanges
Reading Time: 2 mins read
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Cardano (ADA) founder Charles Hoskinson described Ethereum Basic (ETC) as a rip-off challenge whose solely function is for insiders to dump on recruits with false hopes.

Ergo not invited to proof-of-work summit

The assertion was made in response to ETC Cooperative’s refusal to ask Ergo (ERG) to a Proof of Work summit organized by it and the Litecoin (LTC) Basis.

ETC Cooperative Director Bob Summerville defended his community’s choice by citing the earlier historical past between each blockchains.

The ETC group has maintained deep animosity for Ergo after Hoskinson repurposed its earlier Twitter account — with greater than 600,000 followers — for the rival proof-of-work community final 12 months.

On the time, the Cardano founder described ETC as a lifeless challenge with no function and no different cause for present besides out of spite.

Hoskinson criticizes ETC

In a Might 19 tweet, Hoskinson reacted to the information of the Ergo ban by describing ETC as a challenge with no “roadmap, innovation, crew, or imaginative and prescient,” including that its group operates with “simply anger and toxicity.”

Hoskinson defined that his firm — Enter Output International — was chargeable for constructing ETC’s earlier Twitter group and regarded it unethical to depart the account with followers,  a challenge that has now turn out to be a rip-off.

Based on Hoskinson, Ergo is what ETC ought to have been as a result of it “continues to innovate, has a function, good moral management, and funding for the longer term.”

In the meantime, this isn’t the primary time Hoskinson has closely criticized a rival crypto challenge. The Cardano founder beforehand described the XRP group as poisonous and petty and known as Ethereum the “Resort California of crypto.”

The submit Cardano’s Hoskinson calls Ethereum Basic ‘rip-off’ after Ergo’s exclusion from Proof-of-Work Summit appeared first on CryptoSlate.

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