Hoskinson: AI has devalued the developer count metric in crypto
- —Hoskinson: AI lets people without experience look like developers, the metric is no longer a scarce resource
- —The problem is verification: at hackathons and bounties, AI code is passed off as one's own
- —The Midnight foundation is running three hackathons with a $26,500 prize pool, including a Korean one from September 1
- —ADA is trading around $0.21, up 0.8% in 24 hours, with no reaction to the strategy shift
Why it matters: A signal that the developer count metric is losing weight in blockchain valuations; for Cardano, a risk of coders leaving the ecosystem.
Source: BeInCrypto