Tim Harrison who is VP at Cardano’s IOG responded to a claim that the asset’s price is “poised to plummet down” and that it has no utility.
Mike Alfred, CEO of Digital Assets Data and a fervent proponent of Bitcoin, predicted in a tweet on November 20 that the ADA would continue to deteriorate. After that, he advised users to sell ADA and choose BTC.
Harrison shot back sarcastically, saying that Alfred was “languishing away” since he had nothing special to contribute. The top executive lavished the Cardano Community with compliments, calling them “wonderful” and constantly active.
Bitcoin maxi Alfred who is a known Cardano critic keeps on taunting the blockchain with his anti-Ada Tweets. Recently, he revealed buying 10,000,000 ADA tokens in 2018 and offered to sell them away.
“In 2018, I bought 10,000,000 tokens and then completely forgot about them. I found them today when I was doing a full audit of my crypto holdings.”
However, crypto Twitter was skeptical of the 10 million ADA holdings and the subsequent giveaway questioning how it was possible to forget such a large quantity of holdings.
While some people thought “it seemed too good to be true,” others ruled out the notion of having such holdings.
Recently, the BTC maximalist invited the wrath of founder Charles Hoskinson when he alleged that the layer-1 network has a buyback program. Hoskinson responded, “There is no buyback program and if you keep lying publicly, then I’ll consider litigation.”
Not only, Cardano, Alfred is also an outspoken critic of Ethereum and Solana. He maintained that Bitcoin was better since it had consistent block issuance and processing from the start.
That said, the Cardano ecosystem is gearing up for some important launches.
Cardano’s New Stablecoin And A Blockchain
As reported by TronWeekly, the blockchain’s founding entity Emurgo is set to launch a “first fully fiat-backed, regulatory-compliant” stablecoin in the Cardano ecosystem by early 2023.
In the announcement, Input Output Global Inc. [IOG], the developer behind the Cardano blockchain, is releasing a new data-protection and privacy-centric blockchain and accompanying token, Hoskinson announced at an event at Edinburgh University in Scotland last week.
The “Midnight” blockchain, one of the Cardano side-chains, will support zero-knowledge-proof smart contracts, which let parties conduct transactions without sharing any personal information. The token that goes with it will be called “Dust.”