Solana co-founder calls Cardano’s proposed $100M treasury move to Bitcoin ‘so dumb’

Only one Co-founder labs Anatoly Yakovenko has opposite Cardrano The new leadership proposal to convert the part of their treasure in bitcoin.

In a June 16 in x, Yakovenko suggested the idea has been incorrect, by discussing that reflects the poor treasure management and send the wrong message to the Cardan community.

According to him:

“Projects have to look at 18-36 months of the Kill Kill in Baby Bodies but is this.”

The controversial stems from a 19th of June by CARDNO FUNDER Charles Hoskinsonthat suggested that blockchain network could Redirects $ 100 million ada by its treasure in bitcoin and stableco.

According to Hoskinson, the target is to strengthen the capabilities of cardboard and solve the trouble on its ecosystem steady.

However, the reviewers support the proposal suggests a lack of confidence in the Ada token.

Crypto trader aaron drawer wrote That movement can be seen as card leting that bitcoin is more expected than their native token.

Coar coarally refused these feelings and questioned the necessity of any protocol to keep the bitcoin on behalf of their users, saying: It’s

“Why would someone like a team to buy and hold bitcoin for them when they can do it?”

The CARD Loan community as Hoskinson defend the strategy

Meanwhile, the proposal has turned on mixed reaction from the mixed community, with some a milk of a milk of $ equal to buy bitcoin could hurt the token price.

Hoskinson, however, thrown those rules, saying the ADA market is deep to absorb the coast without crash.

It too Defense The floor as a fat pass to improve cardboard difes, especially in stable integration and liquidity. CARDNO FUNDER has highlighted the competitive challenges of the network in a crowded crypto landscape.

Hoskinson noticed that only $ 33 million is currently implemented on Cardan, a figure that believes the network viability. The emphasized that the change in proposed treasure is a strategic reply to this deficiency, not a sign of weakness.

Despite controversy, Hoskinson was standing, that argue that this critism does not solve underlying problems.

Reported:

“We have a means to resolve. Call the names, egotistic, a cancer, or dictatorial is not to solve that objective.”

Considering this, hoskinson he said A coalition will submit a proposal on the floor rare, an annual event centered on the Cardan block.

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