Cardano is the Theranos In Crypto? Charles Hoskinson has a say
Charles Hoskinson, the co-founder of Cardano as well as Ethereum and also the CEO of IOHK, released a recent YouTube video wherein he talked about the potential of the ADA blockchain and why the blockchain-based platform can never be compared to the now-folded Theranos.
Cardano and Theranos
Charles Hoskinson said that in no scenario can Cardano network be compared to Theranos as it has "no secrets" like the latter firm. Theranos was an American privately held corporation founded by 19-year-old Elizabeth Holmes in 2013. The firm was dissolved and liquidated as Holmes was convicted of wire fraud and conspiracy.In a surprise Ask Me Anything (AMA), Hoskinson stated that Theranos was a company that people wanted to succeed because of their desire for a "female Steve Jobs." He pointed out that the reason why the firm raised more than $700 million without allowing anyone to test its claims on its products is that the biotech firm represented this desire that people had.
On the other hand, Hoskinson pointed out that Cardano is an open-source project that can be viewed anymore.
"Anyone in the world can fork Cardano…Anyone in the world can take our paper and implement our papers as has been done by Mina Protocol and Polkadot for some of our papers. There're no restrictions."
Scam and Genuine
Hoskinson also pointed out that the major difference between a scam and a genuine product is that the former doesn't let the latter "see what's behind the curtain" as there won't be anything to find behind that curtain. The Cardano network has been called a "ghost chain" and a "vaporware," but, as per a recent report from Finders, the price of ADA by the end of 2030 will reach $58.Take your next step towards crypto success
Login or upgrade to Cryptonary Pro
Pro
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
$1,548 $799
No risk. Only upside. If we don’t outperform the market during your subscription, we will give you 100% of your money back. No questions asked
What’s included?
24/7 Access to Cryptonary's Research team who have over 50 years of combined experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily Market Updates that cover the real data that shape the market (Macro, Mechanics, On-chain)
Curated list of the most lucrative upcoming Airdrops (Free Money)
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked.
Recommended from Cryptonary
