Block.one CEO Slams ADA Token Allocation Mechanism

According to U.Today, Cardano (ADA) founder Charles Hoskinson recently responded to Block.one CEO Brendan Blumer’s (BB) view of PoW as a fair distribution mechanism. He argued that this mechanism is only fair to those companies that hold ASIC patents and receive government subsidies for their power costs. Brendan Blumer (BB) then raises several important questions about the distribution of ADA tokens. First, BB asked about the benefits of ADA token sales to the PoW mechanism in terms of fairness. He asked how long the initial plan was to distribute ADA tokens among holders. Also, BB questioned the sense of community participation in the ADA token sale throughout the offering period. In addition BB expressed interest in the initial price evaluation process for ADA token distribution.

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