Charles Hoskinson: "I lost over $3 billion. But I'm not going anywhere." #5PC
Cardano founder Charles Hoskinson Chia that he understands how people are feeling right now.
He presented himself with two options. One was to retreat, give up, and consider it all a scam. Or he could accept that this path had never been easy, and today was just one of many challenges on a long journey.
He admitted that his fortune had evaporated by more than $3 billion. Many people say, "He's rich, so he's naturally optimistic," but Hoskinson said he could have sold everything and left a long time ago. He chose to stay not because of the money, but because he couldn't just stand by and watch how the current financial system operates.
Hoskinson believes the world is in a major transition. Globalization is peaking, AI is changing everything, and demographics are shifting. As the world becomes increasingly interconnected and no longer revolves around individual nations, a common financial system for all will be needed. And blockchain is the only answer, because no single nation is strong enough to impose its system on the rest.
And the reality is that current blockchain systems process billions of transactions every month, outperforming the old system in terms of digital identity and data ownership.
He reiterated his criticism of political memecoins like TRUMP and MELANIA, claiming they have destroyed the trust of retail investors and turned crypto into a political weapon. Hoskinson likened the current crypto industry to "Japan in 1946," devastated by bombs but entirely capable of rebuilding.
For Hoskinson, every line of code, every person who stays in the community, every step on this difficult path has meaning. And he will be here, through good times and bad.
