The Cardano founder framed Ethereum’s funding model as a structural weakness while contrasting it with ADA’s treasury-based approach.
Charles Hoskinson said Ethereum depends on charity because it does not have an onchain treasury (blockchain-based funding pool), arguing that this is a structural weakness in how the network funds ecosystem development. The Cardano founder contrasted that with ADA’s model, which he praised for incorporating a treasury mechanism designed to support the network over time. The remarks underscore a long-running debate in crypto over how decentralized networks finance core development, public goods and ecosystem growth without relying too heavily on informal donations or outside organizations.