Cardano Founder Hoskinson Slams VCs as ’Ponzi’ Architects in Fiery Token Launch Critique

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2025-05-15 04:03:54

Cardano’s Hoskinson rejects VCs, calls them a ‘Ponzi’ in token launch

Charles Hoskinson, the maverick mind behind Cardano, just torched the venture capital playbook—calling their model a ’Ponzi scheme’ during a no-holds-barred token launch rant. The crypto icon doubled down on decentralization, framing VCs as middlemen skimming value from builders and users alike.

His solution? Cut them out entirely. The new token rollout bypasses traditional funding rails, opting instead for community-driven distribution—because apparently, ’trustless’ systems shouldn’t include Silicon Valley’s fee-hungry gatekeepers.

Bonus jab: Meanwhile, Wall Street still can’t decide if crypto is a threat or just their next fee-generating ETF wrapper.

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