On Saturday (May 15), Charles Hoskinson, Co-Founder and CEO of IOHK, said Cardano’s slower, more thoughtful, academic approach to blockchain development mean that Cardano will be better than Ethereum for both app developers and users.
Hoskinson took to YouTube to explain to Cuban (and others) in a video what are some of the some of the things that make Cardano special. So, why was Hoskinson telling Cuban, who is the majority owner of the professional basketball team Dallas Mavericks, as well as one of the “sharks” on the highly popular reality show “Shark Tank”, about the benefits of Cardano?
It all started when Cuban posted the following Twitter thread to say for layer 1 and 2 blockchain platforms to be successful having just higher transaction throughput and lower transaction fees are not enough and “There must be a CURRENT network effect and significant user growth.”
Mark Cuban thread:
After Twitter user “@kryptojumpman” told Cuban that he needs to take a closer look at Cardano, Cuban replied that he had never come across a useful Cardano-powered application.
After another Cardano fan “@Crypto_fan_IN” told Cuban to review Cardano, Cuban sent a reply that suggested that he believes that $ADA has no/little utility due to lack of useful Cardano applications and lack of support for Cardano’s ADA token from crypto payment processor BitPay (which is the company that helps Cuban’s Dallas Mavericks to accept cryptoassets such as Bitcoin, Litecoin, and Dogecoin for a methods of payment for merchandize such as t-shirts).
This promoted Hoskinson to invite Cuban to his Colorado ranch. Cuban, however, rejected Hoskinson’s invitation, and asked Hoskinson to explain to him why he should use ADA on a daily basis.
This led Hoskinson to create the following video to explain what makes Cardano unique.
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