![BITCOIN [BTC] DID NOT NEED THE BITCOIN FOUNDATION TO SUCCEED, SAYS CHARLES HOSKINSON OF CARDANO [ADA]](https://theccpress.com/wp-content/uploads/2018/10/kay-hanlie-1061559-unsplash-e1540535363703.jpg "Bitcoin [BTC] Did Not Need the Bitcoin Foundation to Succeed, Says Charles Hoskinson of Cardano [ADA] 19")
The IOHK Executive Director, Charles Hoskinson, recently appeared in an interview to share his thoughts on the Cardano Foundation.
He also made comparisons with the Bitcoin Foundation [BTC] and explained that the coin would not need the basics to succeed.
This project has been entrusted to the Cardano Foundation, IOHK, and Emurgo. Hoskinson explained his thoughts in a letter to the Foundation to which they have not yet responded. In an interview with Crypto Insider
“The reality is that we have been working with this situation for two years, and only recently has it come to the forefront.
Hoskinson affirmed that the chairman of the board of the Cardano Foundation had not maintained the business ethics and supposedly applied nepotism practices. In addition, the Foundation has not performed its detailed tasks, such as holding group meetings, providing timely and accurate information to the community, and enforcing the regulatory mandates that led to the separation. He continued saying:
“They are no longer useful for us at this time, as the Bitcoin Foundation is useful for Bitcoin and Bitcoin did not need the Bitcoin Foundation to succeed, frankly, the hard work of other people has done it.”
Hoskinson also spoke about the state of the world community of Cardano and explained that only this year he traveled to 27 countries to develop the ecosystem. He explained:
“I’m having a good time in South Korea.” When we went to the market, many people bought at the top, at $ 1.20, and these people are loyal, they are still believing in the project, although they have lost a lot of money. “
