Cardano…ole Chico hasn’t brought this crypto up on the channel in a LONG time.
And with their BIG hardfork Vasil right around the corner…now is the perfect time to do
another.
Have I changed my mind about Cardano…or do I still think it’s a giant piece of dog
turd!??
Well find out in about ten minutes…because it’s time for Chico Crypto!!
Well to begin this episode we need to look back at the history of Cardano and it’s
founder Charles Hoskinson…going all the way back to it’s presale in 2015.
For those who don’t know…here is a short history of Charles.
Charles was a part of the main ethereum team, but was booted due to his desire to turn it
into a for profit entity and for everyone’s dislike of him.
In the book about the founding of Ethereum titled “Out of the Ether” we can see this
was said by some of the Ethereum founders about Charles.
“Anthony D-Onofrio said he had a bad feeling about Charles the moment he met him at the
Miami House.
“I immediately knew CHarles was a sociopath, that something was wrong with him.
Joe Lubin sais “Charles had said too many things not related to the truth.
That led to others losing trust in him.
He was really about 15 years old when he was sitting at the table with us, emotionally.
Then he was booted from Bitshares of which founder Daniel Larimer talked about on bitcoin
talk saying “Beware of this shark, he will be your friend one day and plan your destruction
in secret the next.
He treats people as objects to be manipulated and used for his ends.
While we were working together I always wondered why so many people disliked him and were against
him.
Now I know”
After this, Charles went on to found IOHK and began the Cardano ICO around 2015…now
here is the first cardano website ever created, the original landing page for the Cardano
ICO, adacoins.com…it was marketed to the Japanese, in Japanese…as Charles was smart,
he knew he couldn’t run an ICO in the US, so he targeted the deep Japanese pockets.
As we can see from the website, this was where you joined the cardano pre-sale, and from
the about page on the website, we can see how Cardano was marketed to the Japanese.
They said “Cardano is the most advanced project in the Fintech industry, changing
the lifestyle of the world.
Innovating the cryptocurrency industry with a next-generation game platform based on ADA.
In Cardano, you can bet on ADA and enjoy a competitive game between users.
Attention is being paid to the world’s first attempt to provide a game environment in which
users and of course even operating organizations cannot cheat at all“
The Japanese love gaming and gambling…have you ever heard of Pachinko??
This was the perfect way to get buckets of money into their ICO…which they did…through
very suggestive marketing material that never came to fruition…but before we get into
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Attain Corporation of Japan joined as fundraising lead for Cardano…and put together a marketing
packet for Cardano in Japan, here is an english translated version of the marketing packet…as
we can see once again Cardano it’s called a gaming platform….page 10-11 they describe
why Cardano will be a gaming platform…the next pages they talk about Casinos and gambling,
showing the potential market size for Cardano..
But on Page 8, we can see a very important piece.
Attain Corporation was officially hired by Cardano.
In the section company information it says “Attain Corporation: ADA Exclusive Sales
Agent of Cardano Foundation.
Users need to conduct the ADA exchange through Attain Corporation before the Cardano release”
Attain partnered with cryptocurrency salesman Tadashi Izumi to host a series of closed-door
business seminars to interest the Japanese in funding Cardano.
They marketed Tadashi and Charles together, calling Charles a genius mathematician….
Well Tadashi Izumi turned out to be a big ole scammer, right after the Cardano ICO…he
joined Noah Coin, helping them raise money…here is promotional material for Noah Coin…they
promised 20 percent interest dividend returns, soaring values after market release, and even
that they were creating a city based on Noah coin called Noah City…lower down in the
material we can see they cover Tadashi and say “Noah coin 's marketing in Japan is
focused mainly by Mr. Tadashi Izumi, and the attention of Noah coins in Japan is steadily
increasing.”
Here we can see, Noah Coin got an official warning to investors from the Phillipines
embassy in Tokyo Japan…the warning to the public states “This refers to the information
circulating online about the “Noah Coin,” which purports to be a virtual currency being
offered for “pre-selling” to the Japanese market.”
In addition, Noah Global is not in the address they indicated in their SEC registration.
Ocular inspection and surveillance operations conducted in the declared business address
of Noah Global (10/F, Net Lima Bldg.
reveals that the same is not a tenant of Net Lima Building.
In light of these findings, the public is requested to be vigilant in engaging in digital
financial transactions and is urged to check websites of relevant government agencies in
the Philippines such as the BSP (http://www.bsp.gov.ph/) and the SEC (http://www.sec.gov.ph/).
Yeah Noah turned out to be a big ole SCAM…after raising millions from the Japanese, we can
see it’s value today…the market cap is…a whopping 27 thousand dollars.
Since this revelation, that Cardano’s main promoter was a big ole scammer.
Charles tried to distance himself from Tadashi, he was interviewed by Finance Magnates in
2018, and asked about Tadashi…let’s listen to Charles answer now…
Oh you don’t know Tadashi?
Then why is there this picture of you next to HIM at one of the early seminars in Japan
during the presale days???
Is that just a quinker dinker?
I don’t think so…
Now, let’s go back to Attain marketing packet to the Japanese…as we can see on page 15
they promised a release of Cardano to happen in the 4th quarter of 2016…
Well Cardano didn’t release it then…and communication was cut off with the Japanese
investors.
They Japanese started to suspect Cardano as a fraud.
From this Japanese blog post posted in December of 2016, we can see it’s titled “Investment
in virtual currency (cryptocurrency) suspected of fraud Verification 1” and of course Cardano
ADA coin is listed as well as Attain…and the Japanese poster says “First of all,
I do not understand the identity of this Cardano ADA coin.
According to the description on the internet, CARDANO seems to be the name of a game platform,
and there are no games using this platform at the moment, and it seems that ADACOIN cannot
be used.
It is available in the game scheduled to be released from October to December 2016.
For example, in a role-playing game, do you have an image of being able to buy items like
"brave sword" or "restoration medicine"?
However, I can't find any specific information such as which game company supports this platform
and what titles and contents of games are planned to be released”
The Japanese expected a decentralized gaming platform to be released by the end of 2016…which
still to this day hasn’t happened.
Luckily the 2017 boom came and the investors made their money back, or else Charles might
have a target on his head from the Yakuza…
Now because of this research, the founder of Cardano, Ole Charlie Hoskyboi, and myself
have had some serious bad blood….
The Cardano community even has a nickname for me of which Charles came up with
Molten Tar Monster #3…
And I was even supposed to fight Charles Hoskinson in an MMA match back in August of 2020 because
of our dislike for each other…
Although the fight didn’t go down because I wasn’t comfortable having no say in where
the fight was taking place, or who was going to be putting the fight on.
Crypto Crow, aka Jason Appleton was going to be the “promoter” and after reading
this article about his previous MMA management days, I decided it wasn’t a good idea.
From this article “UPDATED: MMA Big Show Owner Speaks About Junie Browning” we can
see it says “Yesterday news came out that former UFC fighter Junie Browning now has
an arrest warrant in Las Vegas for failure to appear in court.
The court date was for battery charges acquired while hospitalized following a suicide attempt.
Shortly after the hospital incident Browning was dropped by the UFC.
Less than a week later a promotion by the name of MMA Big Show swooped in and signed
Browning to main event their November 28 card.
Following the news of Browning's failure to appear in court I reached out to MMA Big Show's
owner Jason Appleton.
The reason I felt this was worth looking into is because legitimate news outlets were reporting
on the story and pointing out that despite the situation, Browning is booked to fight.
I, personally, felt that it would be interesting to talk to the promoter who scooped him up
less than a week after he attempted suicide and put him in a main event to see what the
promoter feels is his obligation toward A) the well being of the fighters and B)
the public image of a sport.
It is also worth noting that this event takes place 3 days before the state of Indiana officially
begins regulating MMA.
So there will be no state oversight to look into how fit Browning is to compete.”
Scheduling a fighter to fight just after they tried to commit suicide?
Yeah I wasn’t going to do an MMA fight put on by this promoter who doesn’t care about
fighters and their mental and physical state…we should have mutually agreed on a location
and promoter…but Charles wouldn’t agree to that.
He was dead set on Shady Jason Appleton and wouldn’t agree to any other promoter…
Sooo Charles…let’s get this MMA match set with someone we can both agree on.
A location, a promoter, and let’s do it for Charity.
I’m ready to break you…rear naked choke, Kamura, arm bar, crooked arm bar??
Cardano is still a big ole dog turd in my opinion.
Cheers Charlie….I’ll see you next time.