/biz/ - Business & Finance

charles is one of these guys with slight technical ability who managed to get in the crypto space early and leveraged connections from then on
he was in the eth founding team, he worked with other notorious pump-and-dumper dan larimer (incidentally, even dan thought charles was a sociopath)
in 2016 or so when it became obvious eth wouldn't allow for his goal of passively extracting rent from a protocol, he aligned himself with etc to push the same objective
not putting all his eggs in one basket, he also went to japan to shill cardano to pensioners. picture those ponzi style "buy my course and become rich" meetings. the japanese involved had no technical competency at all, just literal conservative boomers roped in by the promise of "this white man genius will make you rich". a presale took place at the time
in 2017, it became clear he wouldn't be able to rentseek in etc either as even that community blocked his efforts. at the same time the ico bubble was happening. so he realised he could turn his mere japan scam into a much bigger beast, and started marketing cardano to an international audience
charles was smart and played exactly to the insecurities of the average western crypto investor (lack of education, desire to sound smarter than their peers, and so on). he propped up cardano as an academic project. plenty of words words words, the universal solution to placate dumbfucks confusing quantity for quality. the rest is history
cardano is basically, unironically, chainlink for reddit