Cardano CEO Hoskinson is now “King of the Rats”

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Last Updated on 27 August 2020 by CryptoTips.eu

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A discussion on proof of work versus proof of stake has led to a new nickname for Charles Hoskinson, CEO of Input Output HongKong and founder of Cardano, the small altcoin that is experiencing a stellar 2020.

Charles has therefore adapted his Twitter profile and now added to his wallet address the fact that he is “King of the Rats”.

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Compliment or not?

Blockstream CEO Adam Back, one of the men that some claim to be the original Satoshi Nakamoto, got into an argument over whether proof of stake or proof of work is better when it comes to mining crypto, and was in the end told by an account claiming to be a Cardano Bot, that Charles Hoskinson would sort all this mess out for once and for all.

Back replied that:

I will grant you Charles Hoskinson, for all his shitcoining, for sure understands #bitcoin, applied crypto, comp sci and game theory infinitely better than the faketoshi. Also better than Vitalik Buterin in my opinion, who is a bit of a word salad smart bits & bytes but no wisdom tech sales guy.

Charles himself heard of the Twitter spat and quickly renamed his own profile on social media, gladly accepting his new title and stating that if Back called him better than faketoshi Craig Wright and his former co-founder of Ethereum Vitalik Buterin, then he should henceforth be known as “King of the Rats”.

Staking pools

Cardano has known a very good 2020 so far, certainly ever since its Shelley upgrade and the introduction of staking pools, even though the value of the crypto has fallen a bit behind in recent weeks.

Earlier this year it made it to the top 10 on CoinMarketCap before falling behind a bit with all the DeFi madness we saw in August.

At the time of writing, the Cardano price is trading at around $0,11, more than five times higher than it’s starting position of $0,02 at the beginning of 2020.