Home Press Release Cardano’s Hoskinson calls Ethereum Classic ‘scam’ after Ergo’s exclusion from Proof-of-Work Summit

Cardano’s Hoskinson calls Ethereum Classic ‘scam’ after Ergo’s exclusion from Proof-of-Work Summit

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Cardano (ADA) Founder Charles Hoskinson explained Ethereum Classic (ETC) is a scam project whose sole purpose is to dump new recruits with false expectations from insiders.

therefore not invited to the Proof-of-Work Summit

The statement was made in response to the ETC cooperative’s rejection of Ergo’s (ERG) invitation to the Proof of Work Summit hosted by the ETC cooperative and the Litecoin (LTC) Foundation.

ETC cooperative director Bob Somerville defended the network’s decision, citing past history between both blockchains.

The ETC community has maintained deep animosity toward Ergo since Hoskinson last year converted his former Twitter account, which has more than 600,000 followers, to rival Proof of Work Network.

At the time, Cardano’s founders described ETC as a dead project with no purpose and no reason to exist other than malice.

Hoskinson criticizes ETC

May 19th TweetHoskinson reacted to the news of the ergo ban, describing ETC as a project with no “roadmap, innovation, team or vision,” adding that its community is “just angry and toxic.”

Hoskinson explained that his company, Input Output Global, was responsible for building ETC’s former Twitter community and thought it was unethical to keep the account a follower. This project is now a scam.

According to Hoskinson, ETC is the way it should be because Ergo “continues to innovate, has purpose, has good ethical leadership, and is funding the future.”

However, this is not the first time Hoskinson has harshly criticized a rival cryptocurrency project. Cardano’s founder has previously described the XRP community as toxic and boring, calling Ethereum the “Crypto Hotel California”.

A post by Cardano’s Hoskinson calling Ethereum Classic a “scam” first appeared on CryptoSlate following Ergo’s exclusion from the Proof-of-Work summit.

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