Charles Hoskinson, #ADA founder &, #ETH co founder, frustrated with crypto's scam filled, STATE RUGS, meme coins, hype without utility, declared the "third generation" dead. His rant calls for dragging the industry forward to restore credibility, purpose, & trust through meaningful, privacy-focused technology.
Retail investors wre drained as exchanges, influencers, & meme coins turned crypto into a casino. Platforms push hype‑coins for fees, insiders dumps on retail, and “get‑rich‑quick” narratives replaced real utility. Rug pulls, leverage traps, and FOMO tokens is wiping out small traders while exchanges profit from volume & liquidations. Meme coins thrived on viral moments, then vanish, leaving wallets empty.
Meanwhile, corporate players bought $BTC & $ETH quietly through ETFs.
The old decentralized dream collapsed into marketing & manipulation.
Hoskinson’s rant captures the exhaustion of crypto believers, concluding that almost retail trust died, & only real‑world utility & privacy‑driven, transparent systems can rebuild crypto’s soul.
Retail investors wre drained as exchanges, influencers, & meme coins turned crypto into a casino. Platforms push hype‑coins for fees, insiders dumps on retail, and “get‑rich‑quick” narratives replaced real utility. Rug pulls, leverage traps, and FOMO tokens is wiping out small traders while exchanges profit from volume & liquidations. Meme coins thrived on viral moments, then vanish, leaving wallets empty.
Meanwhile, corporate players bought $BTC & $ETH quietly through ETFs.
The old decentralized dream collapsed into marketing & manipulation.
Hoskinson’s rant captures the exhaustion of crypto believers, concluding that almost retail trust died, & only real‑world utility & privacy‑driven, transparent systems can rebuild crypto’s soul.
إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.
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