Cardano (ADA) creator Charles Hoskinson is predicting nation-states will adopt the smart contract platform within the next decade if anti-crypto forces do not get in the way.
In a new video update, Hoskinson tells his 320,000 Youtube subscribers that nation-states will likely one day rely on the Cardano ecosystem for a range of useful functions.
“I can see a path within five to 10 years that you can run a nation-state on technology like Cardano. I can see that happening. I can see a path where Cardano could be used to run a national identity system with principles. Or a payment system with principles. Or a CBDC [central bank digital currency] with principles that protects you. I can see that path.
And if left undisturbed, there are enough resources alone in the Cardano ecosystem to actually facilitate and grow that. It’s inevitable. We have the decentralized brain. We have the community. We’re growing at a rapid rate. We’ll wake up in five or ten years and there’ll be tens of millions of people. And those people will be engaged and enabled and have a treasury necessary to be able to carry that out and find those use cases and wire that in.”
But Hoskinson warns that some pretty powerful forces are looking to hold onto a hierarchal power structure by impeding the progress of crypto and decentralization.
“What’s happening is there is a movement right now, Choke Point 2.0, the globalist movement, the ESG [Environmental, Social & Governance] movement that recognizes that this model is the only thing that stands in the way of the pyramid. Because nobody’s going to embrace the pyramid if there’s another option that’s better.
If somebody comes to you and says, ‘I have a treatment for your cancer. You have two options: I can either cut off your arms and legs or I can give you this pill that has very limited side effects and cures it.’ Which one are you going to pick? You’ll be like, ‘Give me the pill!’ You can’t have the existence of the pill if your goal is to cut off the arms and legs. So that’s why people are attacking crypto so much these days. That’s why you see government reports coming so there are no use cases.
I’d like to believe being in control of my money, my identity, my data, my economic agency, my ability to participate in the world, my ability to restrain the power of government in my life – is pretty useful.”
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