The Cardano founder argued Ethereum’s funding model is structurally weaker because it relies on outside support rather than a built-in treasury mechanism.
Charles Hoskinson said Ethereum’s long-term development model is structurally weak because it does not have an on-chain treasury (blockchain-managed funding pool). He contrasted that with Cardano’s treasury, which he said peaked at $4.5 billion, and argued Ethereum developers would be “perpetually living by charity.” The remark frames a broader debate over how blockchain ecosystems fund core development over time, with treasury systems designed to create native, protocol-level financing rather than relying on external donors or affiliated organizations.