Charles Hoskinson Opposes Destruction Of Cardano Treasury Funds

According to BlockBeats, on September 6, Cardano founder Charles Hoskinson expressed his opposition to the destruction of over 1.5 billion ADA from the treasury on the X platform. Hoskinson emphasized that the treasury funds are not pre-mined tokens that appeared out of nowhere. Instead, they are accumulated through taxes imposed on block production and transactions. The entire treasury is derived from the efforts of people building modules and engaging in economic activities. Hoskinson argued that burning the treasury funds would essentially be stealing from every ADA holder.