Ethereum Classic has been labeled a “scam” by Charles Hoskinson

In remarks on the announcement of the Proof-of-Work Summit 2023 event, Cardano founder Charles Hoskinson slammed the Ethereum Classic (ETC) coin.

ETC is now a fraud whose sole purpose is for insiders to dump on people they recruit in the hope of a wonderful future that will never occur. There is no roadmap, no innovation, no team, and no vision. It’s only rage and poison. Years of hard work went into creating the Twitter account…

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“ETC is now a scam with a single purpose – for insiders to dump on those who are recruited with the blind hope of some magical future that will never come,” stated Hoskinson.

Ethereum Classic, he claims, “has no roadmap, innovation, team, or vision.”

“Just rage and toxicity.” IOG’s Twitter account was formed after years of hard effort and promotion. It was immoral to impose on these people a project that was later shown to be a hoax. “Ergo is what ETC was supposed to be and will continue to evolve, have a purpose, good ethical leadership, and future funding,” stated Cardano’s creator.

At the time of writing, Ethereum Classic is trading at $18 and has a market value of $2.5 billion, ranking it among the top 30 cryptocurrencies.

Hoskinson criticized Ethereum Classic in September 2022 for the project’s unmet promise.

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