Saylor vs Hoskinson
Michael Saylor, a fervent supporter of bitcoin, has drawn criticism from backers of alternative cryptocurrencies by referring to all cryptocurrencies as securities and bitcoin as a distinct commodity from them. The creator of Cardano, Charles Hoskinson, has strongly attacked Michael Saylor for calling Cardano a security this time. Saylor was referred to by Charles as a "Bitcoin Maximus Idiot."
Bitcoin vs Altcoin Becoming Serious
Saylor's creation of the Bitcoin vs. Crypto dispute at such a rapid pace was sure to cause resentment. However, given that supporters of Saylor and Charles have begun dueling on social media, this debate may be quite serious. As anti-crypto opponents add fuel to the flames by opposing one or the other, other cryptocurrency supporters have begun taking sides against Saylor.
Worries For Crypto Industry
As the CEO of the company that produces business intelligence software, MicroStrategy, Michael Saylor is a true entrepreneur, while Charles Hoskinson has developed a reputation for going before the US Congress to discuss cryptocurrency-related issues (Read Here). The CEO of Binance, CZ, has also voiced his worries on the conflict between the two.
Thoughts
When two people quarrel, the third person benefits. The bitcoin vs altcoin hazards will be inherent to the crypto sector, which is still in its infancy. In the midst of this debate, anti-crypto lobby might get new plan.
