Justin Bons, the founder and CIO of CyberCapital and an outspoken figure in the cryptocurrency community, appears to be changing his tune on his criticism of Cardano.
He responded to a user who pointed out his disingenuous take on Cardano, stating, "I might be wrong in some cases, but I suspect that in most of those cases, there was a bias involved. Maybe I was wrong about Cardano, but I certainly was not disingenuous, even if you cannot read my mind."
Cardano is often reputed for its ''slow and steady'' approach. In response to this view, Cardano builder and IOG CEO Charles Hoskinson often stated that the company's "slow and steady" approach to development has proven to be considerably better in the long term.
The recent events, notably the FTX implosion, has in a way vindicated Cardano. The imploded FTX exchange did not have any spot ADA pair listed, being the only major cryptocurrency without a spot listing.
Cardano is also often criticized for being a "ghost chain." However, recent reports have indicated 1,151 projects are building on the Cardano blockchain. The number of Plutus scripts has risen by 394% since 2021, while native tokens are now over 7.3 million, with minting policies at 66,950.