Millions of people who could potentially have been interested in Crypto as a serious model of payments have been scammed out of billions of dollars in the last 5-10 years.
as long as the crypto community keeps endorsing loud grifters with huge platforms over genuine innovation, the community’s integrity will further erode.
NFT's probably had the biggest opportunity to get consumers onboard with crypto, a way of owning and managing digital assets that didn't rely on a platform provider. Shame it was immediately jumped on by scammers and stupid pictures of monkeys, alongside current platform providers trying to make "their" NFT platform the de-facto standard.
Now all our digital assets remain in the hands of the platform providers who can just decide to remove them with zero recourse for yourself. Thanks, scammers and greed,
The biggest problem with the NFT craze was that the term was immediately made synonymous with "a jpg I could get anywhere on the internet". Until that mental connection is broken, no one will see real-world value they could be used for.
Mostly for people that were lured in for a too good to be true pitch.
If people will just invest in Bitcoin or some real coins and would be good with 20-30% annual return and invest in the ecosystem, they would be perfectly good.
But most people want to get a 10x return and then are surprised that it does not happen…
“B-b-b-but all the scary non-white people though!”
/s
If you can convince the lowest white man he's better than the best colored man, he won't notice you're picking his pocket. Hell, give him somebody to look down on, and he'll empty his pockets for you.
I’m just trying to understand where this comment about white supremacy is coming from. I was wondering if there was any relevance of it all to the article. This guy just came in here trying make crypto racist 😂
This is true, and no one deserves to get scammed. Also, the number of people who invested in crypto with doing literally zero research, no knowledge of the technology, or even an investment hypothesis is way too high of a percentage.
tldr; Charles Hoskinson claims the launch of the TRUMP token before President Trump's inauguration disrupted bipartisan support for the CLARITY Act, turning crypto regulation into a partisan issue. The token's association with Trump led to ethics concerns and legislative challenges, including canceled hearings. Hoskinson also links the token to a Bitcoin-only market trend, though data suggests structural factors like ETF demand and regulatory clarity drove Bitcoin dominance. The TRUMP token highlighted conflicts of interest but did not solely cause the legislative or market shifts.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Blame the Supreme Court. Sure DJT is at fault but they are the ones that said, officially, that a sitting US President can commit crimes and not be prosecuted when they leave office.
Literally, the Supreme Court is to blame because after they took up Trumps case and said he was immune he started Melania and Trump coins and other shady shit to enrich himself.
Corruption right in front of our faces legalized by the highest court in America.
Exactly, love him or hate him (most the latter), there is truth to it. He’s just the only one being honest (which is going to fuck cardano). He’s got a tough time making friends in this business.
I listened to him on the Sean Ryan podcast. It was a really interesting interview.
I didn’t get that vibe from him on the three hour interview. He seemed to be a bit more apologetic to his previous relationships within crypto. I think a really interesting thing about him and his situation is there’s so much money between him and his competitors that maybe it’s important to make him look bad.
Charles was BOOTLICKING Trump after he won. Are we forgetting how Charles was shilling Cardano as a “made in America crypto”?
Also ironic considering he skirted US laws and had the ICO in Japan to avoid American jurisdiction.
Charles is an example of someone who will kick and scream and cry when things don’t go his way. He will do this over and over and consistently extract value from his own community while gaslighting them.
This guy has rugged Cardano so many times he’s practically moved on. Just look at how hard he’s shilling Midnight as a new network and yet nobody actually uses it and nobody cares
Remember when Cardano ICO’d and it was a gaming blockchain in Japan? Annnnd nothing happened.
Remember when Cardano said they were working with NASA to integrate blockchain into space? Annnnd nothing happened.
Remember the education initiative in Africa? Annnnd nothing happened.
Remember Charles hyping Cardano becoming a Bitcoin Layer2, yknow earlier this year after Charles tried riding the hype of Bitcoin’s rise? Annnnd nothing happened.
Stop giving this miserable clown your money. He is arguably WORSE than most scammers or grimey KOL’s because he insincerely tries to come off as some academic (lol) - and in reality he’s just a snake oil salesman
I've been here since 2017, and finally, there are reasonable comments in this subreddit. I am so glad people are starting to see through this bullshit, because all of these grift L1s have been stealing from retail far longer than the memecoins. Education in crypto is a form of healing, and I am glad the average investor today is more knowledgeable than they were in 2017. Gives me a bit of hope.
Midnight is more than a 'shit coin'. It's a partner chain built on top of Cardano. The coin focused on solving privacy and compliance architecture. It was founded by Charles Hoskinson, has been in development for a while.
The price rise of said coin is ridiculous, given that Midnight isn't even live yet. Definitely CEXes pumping price, manipulation, and all the standard crypto bs is definitely a part of the launch.
There is plenty wrong with Cardano, Charles is a divisive character that a ton of people dislike. Cardano ecosystem is in a terrible place right now from adoption, usage, legitimate institutional builders, but to call Night a shit coin on top of Cardano is ignorant.
The “bitcoin only crisis” was launched when hoskinson and the other shitcoin founders started fleecing retail with ICOs in 2018. Trump is just the caricature of this and an easy scapegoat.
Hoskinson is a wolf in sheep’s clothing. Don’t fall for his bullshit.
I agree with you, though I think of him as a bald faced scam king, not a wolf.
A short history:
In the early Ethereum days he lied to his colleagues about his academic background, acting as if he dropped out of PhD studies, when he actually had not even completed an undergrad degree. His Ethereum colleagues more or less say he was a habitual liar and want nothing to do with him. This is all well documented in Laura Shin's book, The Ethereans.
After The DAO Hack, he broke away from Ethereum and helped to launch "Ethereum Classic". IMHO "Eth Classic" was never anything more than an opportunist money grab grift. It was hugely pumped and dumped early on, and then for many years after before it was attacked and suffered multiple block re-orgs.
In 2017/18 Charles jumped on the hot ICO bandwagon with Cardano (ADA). The project raised over $60M. The market cap soared well into the double digit billions. Charles is estimated to have made $500-600M from the project (Wilipedia).
With some of that money, Hoskinson donated several million to Cornell with the condition that they name the math building the money was raised for after him. This way he can casually drop to future would-be investors that Cornell named a math building after him of course leaving out that it was simply a financial exchange and nothing to do with any actual academic achievements.
I lost track of his dealings after this point, but he has been snaking his way into Trump's crypto push in congress as they like to lay with their own kind.
I don't like writing this kind of stuff, but I feel like there is a lot of history here being buried that most don't seem to know about.
I’m glad you actually remember the narrative. At this point all I have left is the dirty feeling that this guy who claims to be a BTC fan is just slow playing me for my money.
Instead of calling it low IQ and running away, maybe you should try refuting some of the points and we can have a debate about it. That is called "making an argument", what you did is simply name calling.
one bad decision by Trump blew up the policy and market setup. The legislative record and market data tell a more complicated story.
TRUMP launched in January 2025 with 200 million tokens sold and 800 million retained by Trump-controlled entities.
Ethics experts and some pro-crypto Republicans immediately flagged it as a conflict-of-interest vehicle: a sitting president selling a meme coin while setting crypto policy. By May 6, the first concrete legislative fallout appeared.
The bitcoin only crisis is a result of people getting burnt and being tired of rug pulls. Trumps coin just put that out in the open for everyone to observe. It will end eventually, it’s inevitable that another coin with a strong community does a crazy 100x or 1000x and then people will fomo and wonder why they had sworn by BTC only
What do you mean skibidi toilet coin and hawk tuah coin don’t have real utility that isn’t already provided by bitcoin, ethereum, solana, xrp, link, or doge? Clearly Trump coin is what ruined alt season!
Merely the cherry on top.
Millions of people who could potentially have been interested in Crypto as a serious model of payments have been scammed out of billions of dollars in the last 5-10 years.
as long as the crypto community keeps endorsing loud grifters with huge platforms over genuine innovation, the community’s integrity will further erode.
I'm not sure there's much left at this point - it seems crypto is synonymous with scams for the general public now.
NFT's probably had the biggest opportunity to get consumers onboard with crypto, a way of owning and managing digital assets that didn't rely on a platform provider. Shame it was immediately jumped on by scammers and stupid pictures of monkeys, alongside current platform providers trying to make "their" NFT platform the de-facto standard.
Now all our digital assets remain in the hands of the platform providers who can just decide to remove them with zero recourse for yourself. Thanks, scammers and greed,
The biggest problem with the NFT craze was that the term was immediately made synonymous with "a jpg I could get anywhere on the internet". Until that mental connection is broken, no one will see real-world value they could be used for.
which further confirms my point up
We did it! We agreed on the internet!
Mostly for people that were lured in for a too good to be true pitch.
If people will just invest in Bitcoin or some real coins and would be good with 20-30% annual return and invest in the ecosystem, they would be perfectly good.
But most people want to get a 10x return and then are surprised that it does not happen…
“B-b-b-but all the scary non-white people though!”
/s
If you can convince the lowest white man he's better than the best colored man, he won't notice you're picking his pocket. Hell, give him somebody to look down on, and he'll empty his pockets for you.
-Lyndon B. Johnson
Hatred is as stupid as it is exhausting.
This isnt about race…
How racist not making it about race
TDS
Yo bro I think your bot is broken
Explain how grifting crypto is racist.
Imma be honest I was just trolling dawg idk what sort of argument you got goin on here and I want no part of it 😂
I’m just trying to understand where this comment about white supremacy is coming from. I was wondering if there was any relevance of it all to the article. This guy just came in here trying make crypto racist 😂
Oh? And what are the main issues Donald Trump supporters voted him in for?
All the dogs and cats in Springfield eh, how are they faring?
Here’s your makeup 🤡
This post is about crypto and a crypto subreddit. How does grifting memecoins have anything to do with race? You are very sad
Bro is obsessed
Yeah, I’m obsessed and absolutely mindsmacked by TDS because I’m
Talking about ol’ Don Von Schitzenpants and his collapsing feeble brain in a post about him?
Lmao, try rubbing two brain cells together and think critically.
Hey that’s straight down ableism.
You are asking Trump fan to have two braincells and be able to think!
You're not beating the allegations
About hating Trump?
Commenting on that is not the gotcha you seem to think it is.
Of coming into a thread about crypto and talking about racism and eating cats and dogs and making up immature nicknames for the president.
Keep down voting, I welcome it
LOL, Trump supported trying to get on a high horse, don’t hurt yourself 😂
This is true, and no one deserves to get scammed. Also, the number of people who invested in crypto with doing literally zero research, no knowledge of the technology, or even an investment hypothesis is way too high of a percentage.
tldr; Charles Hoskinson claims the launch of the TRUMP token before President Trump's inauguration disrupted bipartisan support for the CLARITY Act, turning crypto regulation into a partisan issue. The token's association with Trump led to ethics concerns and legislative challenges, including canceled hearings. Hoskinson also links the token to a Bitcoin-only market trend, though data suggests structural factors like ETF demand and regulatory clarity drove Bitcoin dominance. The TRUMP token highlighted conflicts of interest but did not solely cause the legislative or market shifts.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Silver linings, I guess.
Blame the Supreme Court. Sure DJT is at fault but they are the ones that said, officially, that a sitting US President can commit crimes and not be prosecuted when they leave office.
Literally, the Supreme Court is to blame because after they took up Trumps case and said he was immune he started Melania and Trump coins and other shady shit to enrich himself.
Corruption right in front of our faces legalized by the highest court in America.
True, but what's also true is that Trump appointed several of those justices and then brought the case claiming immunity.
Who stacked the Supreme Court again?
That’s part of the problem. Regardless of if it’s “stacked “ there should still be the rule of law.
We can certainly agree on that. But it was on his direction the rule of law ceased to be a thing, so I think it's fair to blame both.
Lets not act like there isnt truth to that statement.
Exactly, love him or hate him (most the latter), there is truth to it. He’s just the only one being honest (which is going to fuck cardano). He’s got a tough time making friends in this business.
I listened to him on the Sean Ryan podcast. It was a really interesting interview.
He is a prick, but he has a lot of valid points.
I didn’t get that vibe from him on the three hour interview. He seemed to be a bit more apologetic to his previous relationships within crypto. I think a really interesting thing about him and his situation is there’s so much money between him and his competitors that maybe it’s important to make him look bad.
True
Charles was BOOTLICKING Trump after he won. Are we forgetting how Charles was shilling Cardano as a “made in America crypto”?
Also ironic considering he skirted US laws and had the ICO in Japan to avoid American jurisdiction.
Charles is an example of someone who will kick and scream and cry when things don’t go his way. He will do this over and over and consistently extract value from his own community while gaslighting them.
This guy has rugged Cardano so many times he’s practically moved on. Just look at how hard he’s shilling Midnight as a new network and yet nobody actually uses it and nobody cares
Remember when Cardano ICO’d and it was a gaming blockchain in Japan? Annnnd nothing happened.
Remember when Cardano said they were working with NASA to integrate blockchain into space? Annnnd nothing happened.
Remember the education initiative in Africa? Annnnd nothing happened.
Remember Charles hyping Cardano becoming a Bitcoin Layer2, yknow earlier this year after Charles tried riding the hype of Bitcoin’s rise? Annnnd nothing happened.
Stop giving this miserable clown your money. He is arguably WORSE than most scammers or grimey KOL’s because he insincerely tries to come off as some academic (lol) - and in reality he’s just a snake oil salesman
I've been here since 2017, and finally, there are reasonable comments in this subreddit. I am so glad people are starting to see through this bullshit, because all of these grift L1s have been stealing from retail far longer than the memecoins. Education in crypto is a form of healing, and I am glad the average investor today is more knowledgeable than they were in 2017. Gives me a bit of hope.
Top performing coin for the week is a Cardano related shitcoin, don't get blinded by one rational comment.
Midnight is more than a 'shit coin'. It's a partner chain built on top of Cardano. The coin focused on solving privacy and compliance architecture. It was founded by Charles Hoskinson, has been in development for a while.
The price rise of said coin is ridiculous, given that Midnight isn't even live yet. Definitely CEXes pumping price, manipulation, and all the standard crypto bs is definitely a part of the launch.
There is plenty wrong with Cardano, Charles is a divisive character that a ton of people dislike. Cardano ecosystem is in a terrible place right now from adoption, usage, legitimate institutional builders, but to call Night a shit coin on top of Cardano is ignorant.
The “bitcoin only crisis” was launched when hoskinson and the other shitcoin founders started fleecing retail with ICOs in 2018. Trump is just the caricature of this and an easy scapegoat.
Hoskinson is a wolf in sheep’s clothing. Don’t fall for his bullshit.
I agree with you, though I think of him as a bald faced scam king, not a wolf.
A short history:
In the early Ethereum days he lied to his colleagues about his academic background, acting as if he dropped out of PhD studies, when he actually had not even completed an undergrad degree. His Ethereum colleagues more or less say he was a habitual liar and want nothing to do with him. This is all well documented in Laura Shin's book, The Ethereans.
After The DAO Hack, he broke away from Ethereum and helped to launch "Ethereum Classic". IMHO "Eth Classic" was never anything more than an opportunist money grab grift. It was hugely pumped and dumped early on, and then for many years after before it was attacked and suffered multiple block re-orgs.
In 2017/18 Charles jumped on the hot ICO bandwagon with Cardano (ADA). The project raised over $60M. The market cap soared well into the double digit billions. Charles is estimated to have made $500-600M from the project (Wilipedia).
With some of that money, Hoskinson donated several million to Cornell with the condition that they name the math building the money was raised for after him. This way he can casually drop to future would-be investors that Cornell named a math building after him of course leaving out that it was simply a financial exchange and nothing to do with any actual academic achievements.
I lost track of his dealings after this point, but he has been snaking his way into Trump's crypto push in congress as they like to lay with their own kind.
I don't like writing this kind of stuff, but I feel like there is a lot of history here being buried that most don't seem to know about.
so basically he's saying he's okay with EVERYTHING ELSE drump is doing except for launching a coin with his name on it...
he's okay with the grifting and scamming as long he gets to join in and profit off of it... Just another NIMBY!!!
I’m glad you actually remember the narrative. At this point all I have left is the dirty feeling that this guy who claims to be a BTC fan is just slow playing me for my money.
Pretty crazy once you also realize he just launched a new token for a new chain recently.
Insanely low IQ take tbh
There’s always one Chuck defender
Instead of calling it low IQ and running away, maybe you should try refuting some of the points and we can have a debate about it. That is called "making an argument", what you did is simply name calling.
Bro are you still buying nfts?
I regret my username
😂
one bad decision by Trump blew up the policy and market setup. The legislative record and market data tell a more complicated story.
TRUMP launched in January 2025 with 200 million tokens sold and 800 million retained by Trump-controlled entities.
Ethics experts and some pro-crypto Republicans immediately flagged it as a conflict-of-interest vehicle: a sitting president selling a meme coin while setting crypto policy. By May 6, the first concrete legislative fallout appeared.
Maxine Waters pulled the plug on a joint House Financial Services and Agriculture hearing on crypto market-structure rules, explicitly citing Trump's memecoin and World Liberty Financial as abuses of power
Well, there goes ADA being taken out of the crypto reserve...if it's ever built.
Yes cant he take bribes in secret like the rest of them. How rude.
Right! He can't just insider trade and mysteriously make 100s of millions?
The nerve of some people, honestly.
The bitcoin only crisis is a result of people getting burnt and being tired of rug pulls. Trumps coin just put that out in the open for everyone to observe. It will end eventually, it’s inevitable that another coin with a strong community does a crazy 100x or 1000x and then people will fomo and wonder why they had sworn by BTC only
What do you mean skibidi toilet coin and hawk tuah coin don’t have real utility that isn’t already provided by bitcoin, ethereum, solana, xrp, link, or doge? Clearly Trump coin is what ruined alt season!
Goddamn idiots, wonder how many people i argued with on here telling them he'd ruin crypto. So naive, dude has been a con for 40+ years.
Well, vote for stupid games and win stupid prizes.
Goat the shitcoin crisis is on its deathbed
Hoskinson is almost a bigger con artist than the Ripple/XRP execs.
I downvote (and don't read!) any post that mentions known scammer and criminal Charles Hoskinson.