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Cardano founder Criticises BlackRock BTC ETF, Highlights ‘Not Your Keys, Not Your Crypto’ Debate and Centralization Risks

  • Cardano founder Charles Hoskinson criticizes BlackRock's Bitcoin ETF and raises concerns about the compromise of decentralization and individual control over crypto assets.
  • Hoskinson questions the alignment of the ETF with the ethos of 'not your keys, not your crypto' and warns about the risks of centralization that arise from institutional involvement.
  • He argues that ETF holders lack true ownership and rely on BlackRock's custodians, potentially giving large institutions like BlackRock significant influence over Bitcoin's supply and governance.
  • Hoskinson highlights the potential shift away from decentralization and questions if reliance on traditional financial mechanisms aligns with Bitcoin's mission.

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