Ethereum Co-Founder Invested in Bitcoin at $1 in 2011, What’s Changed?
Charles Hoskinson, the co-founder of Ethereum and Cardano, entered the cryptocurrency sector when Bitcoin was valued at just over $1. Since then, the infrastructure supporting the market and blockchain systems has changed drastically, at an exponential rate.
In an interview with Mpho Dagada, Hoskinson, the CEO of IOHK, a technology company that leads the development of Cardano (ADA) and Ethereum Classic (ETC), said that he first engaged in the cryptocurrency sector by mining Bitcoin in 2011, when the dominant cryptocurrency was worth about $1.
In 2013, as the price of Bitcoin increased by 250-fold from $1 to $250, Hoskinson decided to be involved in the sector, with passion to lead major projects.
Meeting Vitalik Buterin, After Differences With EOS CTO Dan Larimer
Initially, Hoskinson revealed that he was approached a Chinese entrepreneur to create a stablecoin for $500,000 in funding. At the time, Tether (USDT) was not around, and there were no stablecoins in the market investors could utilize to hedge the value of cryptocurrencies to that of the US dollar.
After rejecting the offer, Hoskinson met Dan Larimer, the creator of BitShares, to work on the first decentralized cryptocurrency exchange platform. However, Hoskinson eventually left the company due to the differences between himself and Larimer, and met Anthony Di Iorio and Vitalik Buterin to create Ethereum.
https://www.ccn.com/ethereum-co-founder-invested-in-bitcoin-at-1-in-2011-whats-changed/
Charles Hoskinson, the co-founder of Ethereum and Cardano, entered the cryptocurrency sector when Bitcoin was valued at just over $1. Since then, the infrastructure supporting the market and blockchain systems has changed drastically, at an exponential rate.
In an interview with Mpho Dagada, Hoskinson, the CEO of IOHK, a technology company that leads the development of Cardano (ADA) and Ethereum Classic (ETC), said that he first engaged in the cryptocurrency sector by mining Bitcoin in 2011, when the dominant cryptocurrency was worth about $1.
In 2013, as the price of Bitcoin increased by 250-fold from $1 to $250, Hoskinson decided to be involved in the sector, with passion to lead major projects.
Meeting Vitalik Buterin, After Differences With EOS CTO Dan Larimer
Initially, Hoskinson revealed that he was approached a Chinese entrepreneur to create a stablecoin for $500,000 in funding. At the time, Tether (USDT) was not around, and there were no stablecoins in the market investors could utilize to hedge the value of cryptocurrencies to that of the US dollar.
After rejecting the offer, Hoskinson met Dan Larimer, the creator of BitShares, to work on the first decentralized cryptocurrency exchange platform. However, Hoskinson eventually left the company due to the differences between himself and Larimer, and met Anthony Di Iorio and Vitalik Buterin to create Ethereum.
https://www.ccn.com/ethereum-co-founder-invested-in-bitcoin-at-1-in-2011-whats-changed/
Looks like he is a smart guy who knows his way around the crypto sphere, he knows where to go and is always just finding himself with good projects and that is commendable. Bitcoin was really low when he started out but he stuck to it and now all of that is paying off for him big time. Kudos to him for recognizing something really good
