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Charles Hoskinson: Monero Is 'What Bitcoin Should Have Been'

Charles Hoskinson: Monero Is 'What Bitcoin Should Have Been'

Cardano founder Charles Hoskinson threw his weight behind Monero this week, calling the privacy coin 'what Bitcoin should have been.' In a series of statements, Hoskinson praised Monero's technical design and its community's unwavering cypherpunk ethos — a rare public endorsement from a major blockchain figure for a project often sidelined by regulators.

Why Hoskinson respects Monero's privacy tech

Hoskinson specifically highlighted three features that set Monero apart: ASIC-resistant puzzles, full-chain membership proofs, and view keys. He called Monero a pioneer in ring signatures and privacy at scale. 'Privacy systems are harder to implement than transparent settlement,' he argued, adding that they are often built by cryptographers who are 'super weird paranoid people.' That wasn't a dig, he said — it's a compliment.

The cypherpunk ethos that never faded

Hoskinson noted that the Monero community never violated its cypherpunk ethos while making privacy more usable. That's a rare claim in crypto, where many projects started with ideals and later softened them for adoption or compliance. He didn't name any others, but the contrast was clear. Monero, for all its regulatory heat, has kept its core promise.

Justice League of crypto

Using a 'Justice League' analogy, Hoskinson argued that different crypto communities serve different functions. Privacy maximalists, he said, should have a seat at the table alongside settlement layers, smart contract platforms, and others. The message: don't write off Monero just because it's not a general-purpose chain.

What this means — and what it doesn't

This isn't a technical partnership or a code merge. Hoskinson isn't joining Monero. But the endorsement carries weight among developers and privacy advocates who feel the space has drifted toward surveillance-friendly designs. At press time, Monero traded at $394.45. Whether Hoskinson's praise nudges the price or not, it's a reminder that the privacy debate is far from settled — especially as regulators tighten their grip on anonymous transactions. No one expects Hoskinson to back away from Cardano; he's said that's his main focus. But the crypto world just got a little more permission to talk seriously about privacy again.