Charles Hoskinson Says AI Has Destroyed The Old Crypto Growth Metric
Cardano founder Charles Hoskinson says artificial intelligence (AI) has destroyed the value of developer counts. Blockchains have leaned on the figure for years to prove they are growing.
He spoke on Sunday in defense of Midnight, a privacy-focused blockchain built on Cardano. Its foundation recently cut part of the team that recruits outside coders and shifted focus toward what Hoskinson calls builders.
Why Developer Counts Stopped Working
For a decade, blockchains ranked themselves by how many engineers wrote code for them. A human coder was scarce, so the tally meant something.
AI coding assistants removed that scarcity. Anyone can now ship working software without understanding it, Hoskinson argues.
"You can have people who have no technical knowledge and no experience use these tools to look like a developer. So it's no longer a scarce and finite resource," he said in a broadcast on Sunday.
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The practical problem is verification. Code bounties and hackathons now invite entrants to pass off AI output as their own work.
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