Charles Hoskinson Predicts Nation-States Will Adopt Cardano (ADA) in 5 to 10 Years – But There’s a Catch

0 5

knife

Cardano (ADA) creator Charles Hoskinson is predicting nation-states will adopt the smart contract platform within the next decade if anti-crypto forces do not get in the way.

In a new video update, Hoskinson tells his 320,000 Youtube subscribers that nation-states will likely one day rely on the Cardano ecosystem for a range of useful functions.

“I can see a path within five to 10 years that you can run a nation-state on technology like Cardano. I can see that happening. I can see a path where Cardano could be used to run a national identity system with principles. Or a payment system with principles. Or a CBDC [central bank digital currency] with principles that protects you. I can see that path.

And if left undisturbed, there are enough resources alone in the Cardano ecosystem to actually facilitate and grow that. It’s inevitable. We have the decentralized brain. We have the community. We’re growing at a rapid rate. We’ll wake up in five or ten years and there’ll be tens of millions of people. And those people will be engaged and enabled and have a treasury necessary to be able to carry that out and find those use cases and wire that in.”

But Hoskinson warns that some pretty powerful forces are looking to hold onto a hierarchal power structure by impeding the progress of crypto and decentralization.

“What’s happening is there is a movement right now, Choke Point 2.0, the globalist movement, the ESG [Environmental, Social & Governance] movement that recognizes that this model is the only thing that stands in the way of the pyramid. Because nobody’s going to embrace the pyramid if there’s another option that’s better.

If somebody comes to you and says, ‘I have a treatment for your cancer. You have two options: I can either cut off your arms and legs or I can give you this pill that has very limited side effects and cures it.’ Which one are you going to pick? You’ll be like, ‘Give me the pill!’ You can’t have the existence of the pill if your goal is to cut off the arms and legs. So that’s why people are attacking crypto so much these days. That’s why you see government reports coming so there are no use cases.

I’d like to believe being in control of my money, my identity, my data, my economic agency, my ability to participate in the world, my ability to restrain the power of government in my life – is pretty useful.”

I

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox



Check Price Action



Follow us on Twitter, Facebook and Telegram



Surf The Daily Hodl Mix


Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Charles Hoskinson Predicts Nation-States Will Adopt Cardano (ADA) in 5 to 10 Years – But There’s a Catch appeared first on The Daily Hodl.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 51,643.84
ethereum
Ethereum (ETH) $ 2,992.06
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 382.14
solana
Solana (SOL) $ 104.48
xrp
XRP (XRP) $ 0.546154
staked-ether
Lido Staked Ether (STETH) $ 2,990.74
usd-coin
USDC (USDC) $ 1.00
cardano
Cardano (ADA) $ 0.597171
avalanche-2
Avalanche (AVAX) $ 36.75
dogecoin
Dogecoin (DOGE) $ 0.086103
tron
TRON (TRX) $ 0.137613
chainlink
Chainlink (LINK) $ 18.52
polkadot
Polkadot (DOT) $ 7.86
matic-network
Polygon (MATIC) $ 0.996968
uniswap
Uniswap (UNI) $ 11.19
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 51,609.83
the-open-network
Toncoin (TON) $ 2.12
internet-computer
Internet Computer (ICP) $ 12.60
shiba-inu
Shiba Inu (SHIB) $ 0.00001
bitcoin-cash
Bitcoin Cash (BCH) $ 267.72
litecoin
Litecoin (LTC) $ 70.52
dai
Dai (DAI) $ 0.999179
immutable-x
Immutable (IMX) $ 3.09
filecoin
Filecoin (FIL) $ 7.91
cosmos
Cosmos Hub (ATOM) $ 10.40
near
NEAR Protocol (NEAR) $ 3.86
leo-token
LEO Token (LEO) $ 4.21
kaspa
Kaspa (KAS) $ 0.16997
blockstack
Stacks (STX) $ 2.59
ethereum-classic
Ethereum Classic (ETC) $ 26.16
hedera-hashgraph
Hedera (HBAR) $ 0.110065
bittensor
Bittensor (TAO) $ 573.51
optimism
Optimism (OP) $ 3.68
aptos
Aptos (APT) $ 9.44
stellar
Stellar (XLM) $ 0.116677
first-digital-usd
First Digital USD (FDUSD) $ 1.00
vechain
VeChain (VET) $ 0.044678
okb
OKB (OKB) $ 51.41
injective-protocol
Injective (INJ) $ 34.62
lido-dao
Lido DAO (LDO) $ 3.30
celestia
Celestia (TIA) $ 16.96
render-token
Render (RNDR) $ 7.25
the-graph
The Graph (GRT) $ 0.269829
mantle
Mantle (MNT) $ 0.780672
crypto-com-chain
Cronos (CRO) $ 0.094486
arbitrum
Arbitrum (ARB) $ 1.85
monero
Monero (XMR) $ 126.53
sei-network
Sei (SEI) $ 0.85664
sui
Sui (SUI) $ 1.65
maker
Maker (MKR) $ 2,037.00
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,289.99
beam-2
Beam (BEAM) $ 0.032994
thorchain
THORChain (RUNE) $ 5.44
algorand
Algorand (ALGO) $ 0.195628
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,053.31
elrond-erd-2
MultiversX (EGLD) $ 58.31
quant-network
Quant (QNT) $ 104.21
dydx-chain
dYdX (DYDX) $ 3.53
flow
Flow (FLOW) $ 1.01
bitcoin-sv
Bitcoin SV (BSV) $ 75.72
aave
Aave (AAVE) $ 100.06
bitget-token
Bitget Token (BGB) $ 1.00
flare-networks
Flare (FLR) $ 0.040383
starknet
Starknet (STRK) $ 1.91
mina-protocol
Mina Protocol (MINA) $ 1.31
ordinals
ORDI (ORDI) $ 64.17
theta-token
Theta Network (THETA) $ 1.32
havven
Synthetix Network (SNX) $ 4.01
helium
Helium (HNT) $ 8.90
true-usd
TrueUSD (TUSD) $ 0.973988
tokenize-xchange
Tokenize Xchange (TKX) $ 15.57
fantom
Fantom (FTM) $ 0.419629
the-sandbox
The Sandbox (SAND) $ 0.52238
blur
Blur (BLUR) $ 0.789041
chiliz
Chiliz (CHZ) $ 0.126411
fetch-ai
Fetch.ai (FET) $ 1.07
axie-infinity
Axie Infinity (AXS) $ 8.08
worldcoin-wld
Worldcoin (WLD) $ 8.13
dydx
dYdX (ETHDYDX) $ 3.54
bittorrent
BitTorrent (BTT) $ 0.000001
apecoin
ApeCoin (APE) $ 1.76
gala
GALA (GALA) $ 0.029861
tezos
Tezos (XTZ) $ 1.12
whitebit
WhiteBIT Coin (WBT) $ 7.05
kucoin-shares
KuCoin (KCS) $ 10.46
sats-ordinals
SATS (Ordinals) (SATS) $ 0.00000047992859
osmosis
Osmosis (OSMO) $ 1.58
cheelee
Cheelee (CHEEL) $ 18.64
woo-network
WOO (WOO) $ 0.53347
dymension
Dymension (DYM) $ 6.35
conflux-token
Conflux (CFX) $ 0.246489
decentraland
Decentraland (MANA) $ 0.501305
singularitynet
SingularityNET (AGIX) $ 0.733705
akash-network
Akash Network (AKT) $ 4.02
eos
EOS (EOS) $ 0.800218
arweave
Arweave (AR) $ 13.89
frax-ether
Frax Ether (FRXETH) $ 2,982.90
astar
Astar (ASTR) $ 0.161824
ronin
Ronin (RON) $ 3.01