tl;dr
Cardano founder Charles Hoskinson expressed his views on cryptocurrencies backed by venture capitalists and humorously referred to what he anticipates as the "new next thing" in the crypto space. He discussed "VC coins" and "CrimeFi," emphasizing his belief that CrimeFi will be the emerging trend. H...
Cardano founder Charles Hoskinson poked fun at cryptocurrencies backed by venture capitalists and humorously labeled the anticipated "next big thing" as "CrimeFi" in the crypto space. Hoskinson's comments seem to respond to the recent scandal involving the promotion of the LIBRA coin by Argentina's president, leading to accusations of crypto fraud and calls for impeachment. The post also includes remarks from the Dogecoin founder and Bitcoin maximalist Samson Mow on celebrity meme coins and the inevitability of such incidents until everyone adopts Bitcoin.
Hoskinson expressed his views on cryptocurrencies backed by venture capitalists and sarcastically coined what he expects to become the “new next thing” in the crypto space, emphasizing his belief that CrimeFi will be the emerging trend.
Hoskinson commented on an X post published by X user @cardano_whale, who discussed VC chains and the “big unlocks” they perform surrounded by hype throughout 2024, as well as “presidential coins” being referred to as “sophisticated CrimeFi” – a play on “criminal finance” or “crime finance.”
Hoskinson stated that he considers VC coins to be “so last cycle,” while CrimeFi is going to be “the new next thing,” adding, “It takes zero knowledge to the next level!”
This post seems to be published in light of the recent scandal with the LIBRA coin, promoted by the president of Argentina, resulting in accusations of promoting a scam and calls for impeachment.
Additionally, the Dogecoin founder criticized celebrity meme coins, emphasizing that none of them would make any positive impact or value, while Bitcoin maximalist Samson Mow highlighted the inevitability of such incidents until everyone adopts Bitcoin.
Overall, the crypto space continues to be marked by conflicting viewpoints and controversies, reflecting the ongoing evolution and competition within the industry.