During a conversation with Mpho Dagada, Charles Hoskinson, the founder of Cardano (ADA) and the co-founder of Ethereum (ETH), explained how he emerged in the crypto-verse and what the Cypriot crisis of 2012-2013 taught him about the Bitcoin (BTC).
Charles Hoskinson, the founder of the third generation cryptocurrency Cardano (ADA), admitted he was amazed by the Bitcoin (BTC) and its potential uses in 2011 during his first encounter with the cryptocurrency market. He also said he even bought a few BTC and even mined for some, too.
But it was just in the 2012-2013 period when Bitcoin (BTC) experienced its first massive surge, right during the Cypriot crisis. Back then, Charles Hoskinson realized that Bitcoin (BTC) “is going to stay permanently.”
“I didn’t professionally get in until about 2013, that’s when the Cypriot crisis happened, and Bitcoin (BTC) went from nothing to over $250. And there was a huge wave of people entering the space. So either I get on the truck, or it’s going to leave without me. I need to do something in the movement,” said Charles Hoskinson.
Charles Hoskinson, the founder of Cardano (ADA), launched the Bitcoin (BTC) Educational Program right after the Cypriot crisis of 2012-2013
Soon after the Bitcoin (BTC) surged during the Cypriot crisis of 2012-2013, Charles Hoskinson launched the Bitcoin (BTC) Educational Program which was mainly a YouTube channel where the future founder of Cardano (ADA) was posting educational video content about BTC and cryptocurrency market.
The project was a real success and Charles, along with 80,000 of his “students” met essential figures of the industry, including Roger Ver.
After a Chinese investor approached him, Charles Hoskinson developed the Invictus Innovations Inc. to promote stable crypto to address the Bitcoin (BTC) volatility. Then, Charles and Dan Larimer started working on BitShares project.
Soon after that, Anthony Di Lorio approached Hoskinson and asked him to read Vitalik Buterin’s white-paper of Ethereum (ETH). Thus, Charles Hoskinson became the fifth person of the Ethereum (ETH) project.
“Anthony said there’s this kid called Vitalik, at that time he was 19, and he’s written this great white paper. I can’t really make heads or tails of it. Can you read it? Let me know what you think. And I said sure, Anthony. So I read the paper, was very rough but I said, there’s something here, and that’s how I met Vitalik Buterin,” said Hoskinson.
Fats forwarding, Charles Hoskinson, co-founder of Ethereum (ETH) at that time, moved out from the project and founded Cardano (ADA), a third generation cryptocurrency, meant to address all the issues of the blockchain technologies of the first two generations.