Charles Hoskinson’s Defense of Satoshi Nakamoto

Charles Hoskinson, the founder of Cardano, has once again sparked debate in the community with a short but significant statement about Satoshi Nakamoto, the enigmatic figure behind Bitcoin. In response to a post suggesting that Nakamoto has neglected Bitcoin for years, Hoskinson dismissed the criticism with a pointed remark.

Crypto enthusiasts are divided over this response; some believe that Satoshi intended for Bitcoin to be decentralized, while others argue that the creator’s absence has hindered innovation compared to other blockchain ecosystems. Hoskinson, a prominent figure in the blockchain space and co-founder of Ethereum, has frequently voiced his views on Bitcoin’s shortcomings.

> Satoshi is a legend. Leave him alone.
> — Charles Hoskinson (@IOHK_Charles) March 19, 2025

Hoskinson’s recent comments reflect a certain respect for Bitcoin’s history and its unidentified creator. His support for Nakamoto aligns with the notion that Bitcoin was designed to function without interference from any central authority, including its creator. Despite Hoskinson making headlines, Cardano’s ADA has been showing mixed signals in the market.

The current price is forming an ascending triangle pattern, indicating a slow but steady trend around $0.71. A potential breakout is indicated by this setup, though strong resistance levels at $0.77 and $0.80 could pose challenges. Furthermore, Cardano has struggled to recover from previous highs, as seen by declining trading volumes in recent weeks.

Although the asset remains above the 200-day moving average, providing some support for long-term holders, a drop below $0.68 might trigger additional downside momentum. Conversely, a clear move above $0.80 could lead to a more bullish trend. Hoskinson’s defense of Nakamoto occurs amid Bitcoin’s enduring popularity, while newer blockchain projects like Cardano offer alternative smart contract capabilities and consensus mechanisms.

The debate over whether Nakamoto’s absence has hindered Bitcoin’s evolution or ensured its decentralization may remain unresolved. However, Satoshi is undoubtedly viewed as a legend, and his influence on the cryptocurrency community is undeniable.