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Hoskinson Reacts to Claims of a Cardano Backdoor That Allows Government to Seize Users’ Tokens

  • Cardano founder Charles Hoskinson responded to claims that the government can seize users' tokens through him, expressing confusion at how it would be possible.
  • The claims arose during a debate between Bitcoin maximalists and altcoin enthusiasts, despite Cardano's shift to full decentralization in September.
  • Hoskinson highlighted the misunderstanding, noting the blockchain's fully decentralized nature after the Genesis key was burned, giving power to every Cardano holder.
  • Misconceptions about the forthcoming privacy-focused sidechain Midnight on Cardano were also addressed, clarifying that it does not feature a backdoor for asset seizure.

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