Cardano founder Charles Hoskinson has ignited the debate about ownership and what token holders are entitled to in a cryptocurrency.
During a recent broadcast with Wendy O, Hoskinson took a swipe at Ripple, arguing that XRP holders are not eligible for the company’s expansion efforts and continuous acquisitions.
The Cardano founder believed that XRP holders are not entitled to any other Ripple assets, only the coins they own.
He noted, “XRP holders have no legal ownership of those assets.”
Hoskinson’s XRP Critique Reopens the Debate
Hoskinson also fired shots at Ripple, which once controlled between 70% and 80% of XRP’s total supply, an unfair dynamic that created an uneven market.
 
In his opinion, Ripple would be advantaged at the expense of token holders because they were structurally disconnected from its new revenue streams and growing business footprint.
Hoskinson’s argument might be triggered by the philosophical divide between Cardano and XRP. For Ripple, its strategy has heavily leaned on institutional adoption and enterprise partnerships for cross-border payments, with XRP taking the driver’s seat.
In contrast, the Cardano network emphasizes formal governance and decentralization, with ADA holders at the center of decision-making.
Meanwhile, Hoskinson also recently took aim at a Bitcoin proposal meant to tackle quantum-computing threats that might emerge in the future. He opined that the plan didn’t hold water because about 1.7 million BTC would still be at risk.
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