Justin Bons appears to be changing his tune on his criticism of Cardano
justin bonesThe founder and CIO of CyberCapital and a vocal figure in the cryptocurrency community appears to be changing his tune on his criticism of Cardano.
He responded to a user who pointed out his disingenuous take on Cardano, stating, “I might be wrong in some cases, but I suspect that in most of those cases, there was a bias involved. Maybe I was wrong about Cardano, but I certainly was not disingenuous, even if you cannot read my mind.”
In April this year, Bones took to Twitter to say that the Cardano network was fueled by false promises and remained out-of-date and the “least capable” among many competitors.
He further criticized Cardano for its “slow and steady” approach, emphasizing that it lagged behind other projects. “If ADA continues to develop at this pace, it will only get even further behind in the future. As the competition is innovating much faster now. It is clear that ADA has gained its prominent position based on the promises of its founder,” he wrote.
Cardano is often referred to for its “slow and steady” approach. In response to this approach, Cardano builder and CEO of IOG Charles Hoskinson has often stated that the company’s “slow and steady” approach to development has proven to be much better over the long term.
The recent events, notably the FTX implosion, has in a way vindicated Cardano. The imploded FTX exchange did not have any spot ADA pair listed, being the only major cryptocurrency without a spot listing.
Cardano is often criticized for being a “ghost chain”. However, recent reports have indicated that there are 1,151 projects being built on the Cardano blockchain. The number of Plutus scripts has increased by 394% since 2021, while the native coin is now over 7.3 million, with 66,950 mining policies.
