Sunday, April 18, 2021

Charles Hoskinson Speaks About His Bitcoin Background and People Misunderstanding BTC

The CEO of IOHK, Charles Hoskinson, who doubles as the co-creator of Cardano (ADA) and Ethereum (ETH), has pointed out that very few people in the cryptocurrency ecosystem understand the basis of Bitcoin (BTC), the first and largest cryptocurrency by market capitalization.

Charles Hoskinson made this known in a recent YouTube video shared after the trending scenario initiated by the iconic author of Harry Potter, J.K. Rowling.

J.K. Rowling had some hours ago demanded a concrete explanation to the basis of Bitcoin (BTC), which erupted the crypto community, and tons of explanations from various quarters started pouring in numbers.

It got to a point that J.K. Rowling had to admit that none of the explanations she has seen reads any meaning to her.

In fact, one of her responses completely depicted her displeasure in answers she has been receiving since she made her interest in understanding Bitcoin (BTC) public.

She wrote:

“People are now explaining Bitcoin to me, and honestly, it’s blah blah blah collectibles (My Little Pony?) blah blah blah computers (got one of those) blah blah blah crypto (sounds creepy) blah blah blah understand the risk (I don’t, though.)”

Charles Quantifies People’s Understanding about Bitcoin (BTC)

In the YouTube video, Charles Hoskinson said Bitcoin (BTC) is largely misunderstood as a result of false notions that have preoccupied people’s mind about the digital currency.

In the video, Hoskinson said:

“I started with Bitcoin and started with something called the Bitcoin education project. The goal there was to try to bring as many people as possible into our ecosystem and to also dispel a lot of the common myths, fear, uncertainty, misinformation, and misnomers and things that have been cropping up.

“In 2013, there were certainly a lot of them, and unfortunately today there’s even more. The reality is despite the fact that Bitcoin is pervasive with millions of people in our ecosystem and mainstream knowledge of it, very few people actually understand what Bitcoin actually is.”

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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1 COMMENT

  1. Charles Hoskinson is so misunderstood I’m convinced people enjoy being part of herds.

    Again, he took time to present educational information.

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