Charles Hoskinson gave a keynote speech at the Binance Blockchain Week, held at the Dubai World Trade Centre in the UAE.
The founder of Cardano used his speech to discuss topics like Bitcoin, Web3 and philosophy, bringing up topics like what happens next when the community moves forward from the comfort of Bitcoin and toward centralization.
He raised questions about Web3 and what the lines are between decentralization and regulation towards an audience made up of blockchain enthusiasts from all over the world.
He pointed out that since regulators have started to look at blockchain, questions that did not used to be considered have started to surface. Ideas like “At what point can we reverse a transaction?” and “If we can, at what point can we freeze your funds?”
Hoskinson also highlighted the importance of focusing on blockchain technology and not just the profits. He emphasized that blockchain brings fairness and equality to everyone, giving smaller entities a fighting chance.
Though the Cardano founder did not directly reference decentralized autonomous organizations, he said that the people must be involved in the decision-making of blockchain projects.
