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Google Does Not Need To Partner With Me, Bitcoin, Or Ethereum, Says Cardano (ADA) Founder

Cardano (ADA) co-founder has made some clarifications on his meeting with crypto enthusiasts at the Google’s London office saying there is no point in Google partnering with a cryptocurrency platform.

Many observers after the meeting have pointed that there is a possible partnership between the two firms for the fact that Google initiated the meeting.

During Charles’s Hoskinson’s surprise Reddit Ask Me Anything (AMA) session, the co-founder of Cardano (ADA) and CEO of IOHK, who also co-founder Ethereum (ETH) expatiated on his visit to the office.

He said Google told him they would like to ask some questions about the technology behind the cryptocurrency, and Cardano’s use cases.

“Hey, We’d like to ask you lots of questions about the cryptocurrency space, about the technology that Cardano has, and what IOHK does as a company.”

To the demand, Cardano founder and team took their time to answer questions posed by the gathering.

However, answering questions on Google decision to partner with Cardano, Charles makes it clear that Google does not need to partner any cryptocurrency to explore the space, inferring that there is no possible partnership between the two firms.

“If Google is going to do a cryptocurrency, Google does not need to partner with me, and they don’t need to partner with Bitcoin, Ethereum, or anything else. They are just going to go ahead and do their own thing.”

He added: “Google is a good patron of open-source technology, and many of their employees do invest their weekends and at least one day a week on contributing to some open-source project. And Google does a very large internal cryptocurrency and blockchain mailing list. A lot of their employees love this space. In fact, Mike Hearn, one of the most famous Googlers was originally a core developer of Bitcoin.”

Since Google put a ban on cryptocurrency related ICO, there is rumour Google is planning to establish its cryptocurrency firm. Interestingly, on a tweet later taken down, Ethereum (ETH) co-founder, Vitalik Buterin, had said Google recruiter contacted him for a cryptocurrency related work with Google.

Meanwhile, cryptocurrency trader Ran Neu-Ner, who hosts CNBC Africa’s Crypto Trader program, has said Cardano is an undervalued.

“It’s a blockchain protocol. Which I think is highly undervalued.”

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Cardano (ADA) and Google in the Talk for a Possible Partnership

There is no stopping and relaxation for Charles Hoskinson – the creator Cardano (ADA). After directly inviting Justin Sun – creator of TRON TRX to team up and help his team create the best blockchain tech they want, Mr. Hoskinson went to meet with Google for a possible collaboration.

Cardano – Google

Charles Hoskinson received and accepted an invitation by Google to put on table various technological advancements that would help both enterprises. Details of the meeting will be made soon enough public for the crypto-community, according to Mr. Hoskinson. The CEO of IOHK, presented a basic introduction and functionality of this virtual currency. He also mentioned about the algorithm followed by Cardano [ADA] known as Ouroboros.

.@IOHK_Charles was invited to talk about Cardano and the future of cryptocurrencies at Google’s London Headquarters last month. Read @InputOutputHK ‘s blog post on the visit here: https://t.co/BsouiOWGf5

— Cardano Community (@cardanocom) June 28, 2018

He also added that they are looking into all flaws that their current to-be launched test network for experiments is having and that they will be rightfully directed. The conference explicitly sends out the message to the world about the future collaboration between Google and Cardano [ADA].

In Google’s London office many crypto&tech enthusiasts listened to Charles Hoskinson who was talking about the future of crypto and Cardano. Many questions were dropped on this explaining meeting. A questioner, demanded to know how Cardano plans to outrun Ethereum, going by the latter’s deep-rooted advantage in the blockchain world. The CEO replied:

“So how many Java, C++ or Go developers are writing code on Ethereum? You can’t, Ethereum doesn’t support any of these languages. They can’t even run a single viral app on the platform. If you look at the top 10 languages, none of them works on the system, so, by definition, all those developers aren’t developing for the system, they have to go and learn new tools and new stuff. With Cardano, first off, we’re backward-compatible, 100%, we’re running an EVM.”

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Cardano, Ethereum Founder: Cryptocurrency to Command Multi-Trillion Dollar Industry

Cryptocurrency–Charles Hoskinson has been one of the more fortunate, and potentially industry leading figures in cryptocurrency over the last fives years. The former consultant purchased his first BTC at under 8 USD, and started an online school for Bitcoin education in 2013, when the currency was trading for less than 100 USD. Through his connection to the digital education portal, he first met Vitalik Buterin, a relationship that led to Hosksinson becoming one of eight original founders of Ethereum (currently commanding a market capitalization of 47 billion USD).

While Hoskinson left the project in 2014 following disagreements over the structure of Ethereum, his high-profile presence in the industry became a springboard for other projects, notably 2017’s release of Caradano (ADA). With his background in Bitcoin and Ethereum already well established, Hoskinson embarked on a new project to account for deficiencies found in both currencies, most notably the inability to scale to levels necessary for widespread adoption. Using his experience from the founding of Ethereum, he started the Input Output Hong Kong (IOHK) blockchain firm in 2015, which led to the development of the Cardano platform and ADA cryptocurrency.

Given his extensive history and knowledge of both the industry and market of cryptocurrency, Hoskinson has become a beacon for predictions and future proofing in relation to the technology. Most notably, he has become an outspoken contrarian to the general media’s take on crypto as a conglomeration of ponzi schemes and vaporware projects.

There are a few takeaways from Hoskinson’s bold prediction for market capitalization, in addition to his critique of media coverage towards crypto and the constant schadenfreude colored narrative. While traditional media has long operated under a “if it bleeds it leads” model of headline-grabbing, the amount fear, uncertainty and doubt being produced by supposedly reputable outlets like CNBC is becoming unbearable. The public, or at least a handful of gateway journalists, have become inundated in seeing the failure of cryptocurrency.

‘Most of the personal attacks against crypto are unjustifiable and emotionally driven: when people hear stories of average joe investors and tech geeks becoming overnight millionaires, they feel a sense of loss. The real problem is in how the media creates the narrative of cryptocurrency as only price-driven. That’s akin to judging the health and functionality of the internet by how Apple and Facebook stocks are doing. Crypto currencies may be the immediate figures to respond to market changes, but they have little to do with the adoption, advancement and innovation of the underlying technology.

Hoskinson also brings up the point that “big money,” in the form of Wall Street and fintech developers, has barely scratched the surface on crypto investing. It’s not that Goldman Sachs will step in tomorrow and take BTC to the moon; it’s the underlying idea that crypto is still in the early days of adoption. Most main street investors take their cues from the financial figureheads and gurus entrenched in traditional Wall Street. As more outlets of high capital trust enter the realm of blockchain and cryptocurrency, the barrier to entry becomes that much lower for the average investor and developer.

Adoption, particularly when accompanying widespread disruption, is a process that takes time. But it  also follows an exponential curve. As someone who has been involved in Bitcoin since the early days, Hoskinson has an inherent understanding of the time frame for cryptocurrency to reach its full potential. That doesn’t help the wallets of new investors who entered the market during this bear cycle (or worse, at the top of last year’s bull run), but it does provide hope for the technology and the feasibility of cryptocurrency going forward. 

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