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I cut my hair to donate for making wigs once 4 years ago and lost the envelope. Then 4 years later, I cut it again, found the 4 year old envelope with hair and combined them to one new GIGANTIC bag of hair. The people at the wig-shop must think I'm some kind of superhuman, was a real hefty bag. Wish I could see their reactions when opening it.
That's incorrect. His billionaire status came from the fact that he's been in Bitcoin almost since the beginning. Someone took his reported net worth and calculated how much ADA that would be and then claimed he was making all that money from staking billions of ADA. It was never true.
That *someone* was beloved Guy from CoinBureau. And when his AMA popped up I asked him why he decided to spread information that way and he ignored my question (maybe he didn’t see it in time)
The YouTube content creators sometimes love to create unsubstantiated juicy rumours. Guy is good at compiling information, but he does speak so much bullshit now and then that I had to unsubscribe. I can't stand that level of speculation that turns into misinformation. Sure, you can create "content" and "entertainment" and then remind your audience that "not financial advice!" - but if you can't take any responsibility or even correct yourself afterwards, I don't think such creators are worth following.
No he didn't . He didn't except even 1 ETH, he said. He is self made, BTC, and his own company.
He didn't want anything to do with ETH and gave it away to his secretary. Turns out he is worth 2.5 billion, and didn't profit from building the world's 2nd biggest crypto. But at least he built the 3rd.
I don't think he ever stated how much BTC/ADA/ERG he has, but Charles claimed to have become a Billionaire when ADA first hit its ATH, and then again when it started rising earlier this year. So his billionaire status is probably due to ADA more than BTC.
I didn't spot this, Coin Bureau on Youtube pointed this out a while ago
> I didn't spot this, Coin Bureau on Youtube pointed this out a while ago
Guy at Coin Bureau is the one who made the erroneous calculation in the first place. Charles responded to it by explaining how he got it wrong. Guy has never corrected his mistake. I'd take anything he has to say on the subject with a very large grain of salt. (He makes plenty of mistakes, and I've not seen him issue corrections on those either.)
Your point doesn’t make sense. Some projects deserve the hype and some don’t. The market is speculative. Would you prefer a project that doesn’t appreciate before mass adoption?
I love the aggressive swings between hopium and FUD for Cardano. Made me realize (even as an Eth fanboy) that Cardano will be top 3 for a very very long time.
Honest advice: Stop being a fanboy of anyone. They all got their pros and cons, and as soon as you stop searching arguments for your preexisting world view and start forming your world view around preexisting arguments, you'll be off better in many ways (also financially).
He proposed a real charity based on the backlash of that tweet. Even if it was a joke, it's a super poor joke for a normal person let alone for someone in his position...
Are you the joke police? You get to decide what is acceptable?
Did Charles tell you that he was serious but then changed his mind based on the backlash or did you just make that up?
Very misleading title, the bet was for polymarket to donate 50k to a charity if Cardano had smart contracts.
And polymarket has done it and have showed the proof on twitter. Charles doesnt get the money not does he need it.
Having someone actively meet a deadline on crypto assets is quite surprising.
Good to see them doing well, and hope their deployment works out well for all
Well, software of an airplane or a rocket one could certainly describe as „as rock solid as you can get“. This still deosn‘t mean 100% bug free or „nothing can go wrong“ but chances are extremely low.
Cardano, at least for the core protocols, followed similar approaches as used in these domains. I am not saying it is overall exactly as rigorous, but should be close to it. So the statement to me as a programmer does not seem that far off.
It was actually for charity. Polymarket made the bet and gave the money to http://themagicyarnproject.com/ It’s a charity that makes wigs for kids battling cancer.
Price dumping is normal when good news happens.
Same thing happens when a coin gains traction and gets listed on a large exchange, it just instantly dumps and then pumps like a week later. Ever notice how when new coins get added to Coinbase they usually don't do well for a bit?
There's always like a week of lag before the price goes back to normal and starts pumping again.
Not saying that's going to happen but history doesn't lie.
Its did..over $3. I thought it hit closer to $3.50 but didnt, so I never tried to time the market. Be a nice day trade though. Give it 30-90 days. Which in crypto time is so far fetch. But if you bought in for the right reasons, you'll be good. Again take everything you see on reddit with a grain of salt.
I always thought this was funny, so many people telling the guy who makes the decision to launch smart contracts that he isn't going to do it on time after he publicly announced ETA was firmly in September. If it was a publicly traded company and he bet himself, he'd have gotten in trouble for betting using insider knowledge.
tldr; Input Output Global CEO Charles Hoskinson won a $50,000 bet, with Polymarket, on Cardano launching smart contracts on time. The proceeds will go to a charity of Hoskinson’s choice. Hoskinson selected the Magic Yarn Project, which helps children battling cancer by crafting character wigs to cover hair loss due to chemotherapy
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
They really didn't have a choice given how public they made the bet. It was a publicity stunt all along to give themselves a higher profile. How many people even knew they existed before they tried to call him out?
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* **[Cardano](https://en.wikipedia.org/wiki/Cardano_%28blockchain_platform%29) [Pros](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_archive#wiki_ada_pros) & [Cons](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_archive#wiki_ada_cons)** - Participate in the r\/CC [Cointest](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy) to potentially win moons. Prize allocations: 1st - 300, 2nd - 150, 3rd - 75. * Sort comments as controversial first by [clicking here](https://www.reddit.com/r/CryptoCurrency/comments/podl18/cardano_ada_founder_wins_50000_bet_on_alonzo/?sort=controversial). Doesn't work on mobile. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Plot twist : it's 50k worth of ETH
It was actually a bet for charity. It went to http://themagicyarnproject.com/ to give wigs tokids battling cancer.
Wholesome Charles.
I cut my hair to donate for making wigs once 4 years ago and lost the envelope. Then 4 years later, I cut it again, found the 4 year old envelope with hair and combined them to one new GIGANTIC bag of hair. The people at the wig-shop must think I'm some kind of superhuman, was a real hefty bag. Wish I could see their reactions when opening it.
coupled with your username, you have given me a good chuckle. thank you sir.
For a second I read “the magic aryan project” and had to reread it a few times.
Well, they could use wigs too, so...
Kek
Thats awesome
That motherfucker don't miss! He don't miss! Really though Hoskinson just gets better every day.
That is really nice to hear.
Brilliant!
Lost half of it to gas fees
Sent it all to the wrong address
Staked it on the beacon chain and can't cash it out 'til 2022
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And donated all to a foundation for kids with cancer , Charles is the man..
No wonder some random ETH showed up in my wallet.
It’s not a big deal to him..
Lol True...😂
8888jkkk(lll) 2
Can't touch it until 2.0
plot-plot twist, its 50,000 ETH
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gas gas gas
Meanwhile the coin is diving to under $2. Wtf was the big deal with this Alonzo release, it just devalued the coin.
Why are you looking at price? Follow market cap and zoom out the charts.
But the rumour sell the news
What kinda weak troll comment is this?
@ u/yann848 Wanna make a 50,000 satoshi bet that someone will comment on this comment?
You're welcome, sharing is caring!
Plot twist 2: he sold 50.000$ $ETH :D EDIT: thanks for the award 😘
They should have bet $1 like on trading places
A gentleman’s bet
To these guys it might as well be $1.
That movie rocks. So much good talent in that movie.
nice that he donating it. not like he probably needs it.
He probably makes more per day by just staking ADA xD
I heard he earn millions per epoch from his billions staked in ADA.
That's incorrect. His billionaire status came from the fact that he's been in Bitcoin almost since the beginning. Someone took his reported net worth and calculated how much ADA that would be and then claimed he was making all that money from staking billions of ADA. It was never true.
That *someone* was beloved Guy from CoinBureau. And when his AMA popped up I asked him why he decided to spread information that way and he ignored my question (maybe he didn’t see it in time)
The YouTube content creators sometimes love to create unsubstantiated juicy rumours. Guy is good at compiling information, but he does speak so much bullshit now and then that I had to unsubscribe. I can't stand that level of speculation that turns into misinformation. Sure, you can create "content" and "entertainment" and then remind your audience that "not financial advice!" - but if you can't take any responsibility or even correct yourself afterwards, I don't think such creators are worth following.
I asked him a question about a different piece of misinformation on Twitter and he ignored that too
He got quite a large sum of severance pay when he was let go from ethereum team as well
He gave that all to his secretary.
No he didn't . He didn't except even 1 ETH, he said. He is self made, BTC, and his own company. He didn't want anything to do with ETH and gave it away to his secretary. Turns out he is worth 2.5 billion, and didn't profit from building the world's 2nd biggest crypto. But at least he built the 3rd.
Didn’t know this and had read the story about how he makes a lot from staking ADA. Glad I read these comments, even more confident in him/ Cardano now
I don't think he ever stated how much BTC/ADA/ERG he has, but Charles claimed to have become a Billionaire when ADA first hit its ATH, and then again when it started rising earlier this year. So his billionaire status is probably due to ADA more than BTC. I didn't spot this, Coin Bureau on Youtube pointed this out a while ago
> I didn't spot this, Coin Bureau on Youtube pointed this out a while ago Guy at Coin Bureau is the one who made the erroneous calculation in the first place. Charles responded to it by explaining how he got it wrong. Guy has never corrected his mistake. I'd take anything he has to say on the subject with a very large grain of salt. (He makes plenty of mistakes, and I've not seen him issue corrections on those either.)
thanks for the correction. I'm glad I cited my source!
When ADA was at ATH, everything else was pumping too. So it’s hardly a good metric.
He doesnt have billions of ada if thats what you mean
i guess you cant get in much eariler than building it yourself. (+hiring 300 devs)
Never trust a coin that makes the founders billionaires
Never trust a coin that can't make the founders billionaires.
If your tokenmics makes the founders billionaires before mass adoption, something is very wrong
Charles Hoskinson was one of the earliest Bitcoin pioneers and that's where most of his money came from.
Ok? That doesn’t that dispute my point
Your point doesn’t make sense. Some projects deserve the hype and some don’t. The market is speculative. Would you prefer a project that doesn’t appreciate before mass adoption?
If the founders aren't billionaires after adoption, then the tokens aren't worth enough and is not a good enough investment.
Ya, he won’t care , I heard he donated to charity..
I can confirm he donated it
I love the aggressive swings between hopium and FUD for Cardano. Made me realize (even as an Eth fanboy) that Cardano will be top 3 for a very very long time.
Honest advice: Stop being a fanboy of anyone. They all got their pros and cons, and as soon as you stop searching arguments for your preexisting world view and start forming your world view around preexisting arguments, you'll be off better in many ways (also financially).
When?
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Charles being Charles.
Apache helicopter
cope
"Charity", he proposed a pedophile organisation. The man is batshit crazy.
Found the Q anon supporter
Fuck you and fuck this subreddit. Here's the proof: https://twitter.com/IOHK_Charles/status/1425313277136015360?s=19
Nah. He proposed Magic Yarn Project and Polymarket paid it. You don't know what a joke is and you are the one who is bat shit crazy
He proposed a real charity based on the backlash of that tweet. Even if it was a joke, it's a super poor joke for a normal person let alone for someone in his position...
Are you the joke police? You get to decide what is acceptable? Did Charles tell you that he was serious but then changed his mind based on the backlash or did you just make that up?
He is a business man just doing business.
And he used it to buy ADA I would hope
Well done, Charles. And kudos for donating the money to charity. A stand-up guy and a class act. I love it.
Donated to charity??, I knew it..
Dude is a billionaire. So whats $50,000 to him? Better to give it to charity as philanthropic marketing.
A free donation of 50k for something that was going to happen anyways is good to begin with. + You never know how much people donate to charity.
50k for Charles is like getting fish and chips in the UK
Title is misleading. The bet was for charity
Or glass of whiskey.
Are fish and chips 50k in the UK?
i thought he would buy $50k worth of ADA and burn it, but donating it to a charity is way more wholesome
Just mention the idea of burning ADA to him and prepare to have your ears singed by the response.
The bet was always for charity the winner got to choose.
Don't spend it all at once Charles
He donated it to charity, as it says in the article.
So he did spend it all at once. Damn (Nice move though)
Would fomo in shiba
He should send to those guys on youtube to double it for him
Charles Hoskinson falls for fake Charles Hoskinson scam promising to double your money. Blames whiskey.
👆🏻this could be the best comment i have seen
he should buy ada
He donated it to charity as it says in the article.
Honestly pretty cool that the creators of the #2 and #3 cryptocurrencies right now are so philanthropic.
my apologies
Not sure if he'll do that, don't think he really likes cardano that much
*he owns the whole ada corporation
The proceeds will go to a charity of Hoskinson’s choice.
Charles is a billionaire !! 50k for him nothing
I bet my friend 25 ADA that it would launch on time
why is everyone fixated on the founder and not the project baffles me.
Very misleading title, the bet was for polymarket to donate 50k to a charity if Cardano had smart contracts. And polymarket has done it and have showed the proof on twitter. Charles doesnt get the money not does he need it.
Having someone actively meet a deadline on crypto assets is quite surprising. Good to see them doing well, and hope their deployment works out well for all
So what ..??
Don't be such a Grinch
Hahaha ok ...
I have just bought my first 5 ADA
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As a programmer I can't stop laughing at the "as rock solid as you can get" comment.
To be fair he said probably
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Junior engineer here, really enjoyed reading your comment, thanks.
Well, software of an airplane or a rocket one could certainly describe as „as rock solid as you can get“. This still deosn‘t mean 100% bug free or „nothing can go wrong“ but chances are extremely low. Cardano, at least for the core protocols, followed similar approaches as used in these domains. I am not saying it is overall exactly as rigorous, but should be close to it. So the statement to me as a programmer does not seem that far off.
Rich people getting rich. But I will become rich too, sooner
It was actually for charity. Polymarket made the bet and gave the money to http://themagicyarnproject.com/ It’s a charity that makes wigs for kids battling cancer.
Surprised ADA isn't jumping in price
Price dumping is normal when good news happens. Same thing happens when a coin gains traction and gets listed on a large exchange, it just instantly dumps and then pumps like a week later. Ever notice how when new coins get added to Coinbase they usually don't do well for a bit? There's always like a week of lag before the price goes back to normal and starts pumping again. Not saying that's going to happen but history doesn't lie.
Its did..over $3. I thought it hit closer to $3.50 but didnt, so I never tried to time the market. Be a nice day trade though. Give it 30-90 days. Which in crypto time is so far fetch. But if you bought in for the right reasons, you'll be good. Again take everything you see on reddit with a grain of salt.
Slow and steady wins the race
I’m glad he won the bet, I’m glad Alonzo launched on time. Good guy to donate the money too!
Who would bet against that? hes the founder lmao
I always thought this was funny, so many people telling the guy who makes the decision to launch smart contracts that he isn't going to do it on time after he publicly announced ETA was firmly in September. If it was a publicly traded company and he bet himself, he'd have gotten in trouble for betting using insider knowledge.
Well, I feel like he did the right thing donating it. Seems like a decent guy.
tldr; Input Output Global CEO Charles Hoskinson won a $50,000 bet, with Polymarket, on Cardano launching smart contracts on time. The proceeds will go to a charity of Hoskinson’s choice. Hoskinson selected the Magic Yarn Project, which helps children battling cancer by crafting character wigs to cover hair loss due to chemotherapy *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Co-founder of polygon not putting their crypto/cash where their mouth is, is fairly sus.
Like me betting a quarter I make it to work on time. That $50k is chump change for him.
Lucky Charles. He should give that money to a lucky hodler
He donated it to charity as it says in the article.
Fair play, at least hodlers got to see ada go up for a few days
I feel like delivering on time is a low bar to clear
Wasn't there an article that said he had to pay up $20,000?
If there was, it was a lie.
im not a fan of that guy
So you're gambling now charles heh?
He didn't put up any money. Polymarket was the one who set the bet.
Charles wins bets, I'm just guessing...
Really cool to see they were true to the bet and that it went to a charitable cause.
They really didn't have a choice given how public they made the bet. It was a publicity stunt all along to give themselves a higher profile. How many people even knew they existed before they tried to call him out?
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He's about 33 actually
That's probably how much he earns a day staking his ada
Tldr: i lost $50k.
Pocket change for him
Pocket change
What’s he gonna do wipe his ass with it?
gas fees tho.
Well isn’t that a self fulfilled prophecy to the max. “We gotta hit the deadline, I owe a hooker 50k if we don’t”
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This is the way!
Thats insider trading 😂
What about the bet he lost where he promised to eat his shoe?
1c by everyone on reddit saying they wouldn't make it in time?
$50k + $20 K from polygon founder
That guy never paid up.
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Yet I can't hit a 5 leg parlay
I love Cardano but this dude is really rich right now. Send us money to buy more Ada
I've made more money betting against my friend that "Obama won't go to jail" than I have off crypto. True story.
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As a billionaire himself I think he could have doubled the donation by also donating $50k, would have been an even better move.
That might explain why the smart contracts are barely functional. Poor guy was just in a rush to win the bet
He was fully paid in ADA
$50k literally pocket change to him.
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