Cardano founder: cryptocurrency is a powerful match against currencies such as the euro and the dollar

Charles Hoskinson, founder of Cardano and CEO of IOHK, shared his insights on Facebook's Libra project and government intervention in his latest AMA. Hoskinson said that the discussion of parliamentarians involved in cryptocurrency is only for fun, because they are thinking about their views on the use of cryptocurrencies. Although hinting at politicians' stance on the dollar monopoly, Hoskinson said that lawmakers are hesitant about the use of cryptocurrencies because they do not want to depreciate the dollar, which can lead to currency instability. He also questioned the power of these lawmakers, saying that people would certainly abuse their power, and the only solution was competition. This also means that cryptocurrency is a powerful contest with currencies such as the euro and the dollar.