Why Charles Hoskinson Was Shamefully Kicked Out of Ethereum

Is the creator of Cardano his own worst enemy?

Isaiah McCall
Yard Couch

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Few understand how close Ethereum was to total annihilation in 2014. Not only was one of its first major applications a few cycles away from being hacked in what is now known as the DAO attack. But, in addition, its team of founders hated each other’s guts.

Like Voltron they united under a common goal: A confluence of admiration for Vitalik Buterin’s Ethereum white paper and vehement disdain for how limited Bitcoin was.

“Bitcoin fucking sucks for developing a financial system on top of, it’s really terrible,” said Mathias Grønnebæk, an early Ethereum developer.

However, as the old proverb goes, too many cooks spoiled the broth and Ethereum’s eight co-founders found themselves divided. And the person spearheading this division was Charles Hoskinson, the creator of Cardano.

Ethereum’s Bachelorette Ceremony

To understand Ethereum’s early history you have to understand Vitalik Buterin. Vitalik created Ethereum, the second-largest cryptocurrency by market cap, when he was 19 years old. He did so before he could even legally buy a drink in the U.S.

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Isaiah McCall
Yard Couch

Journalist for 99Bitcoins and former USA Today, also Ultramarathoner | On Substack: https://isaiahmccall.substack.com/ mccallisaiah@gmail.com