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Cardano\u2019s founder smashed the burning idea for ADA, as he notes that burning Cardano is like burning investors\u2019 money<\/b>.<\/span><\/p>\n Charles Hoskinson, the CEO, and founder of popular blockchain project Cardano is not in any mood for tolerating the idea of burning a part of the ADA token\u2019s supply.\u00a0<\/span><\/p>\n The Cardano boss<\/span> fumed<\/span> at the question of \u201cwhether there will be a token burn for ADA,\u201d asked by some members of the Cardano community.\u00a0<\/span><\/p>\n 😅 pic.twitter.com\/dXFWZ4i8Em<\/a><\/p>\n \u2014 Darren N ☘🇮🇪 (@CryptoIRELAND1) April 1, 2022<\/a><\/p>\n According to Hoskinson who has always reiterated that the team will not conduct any burn for the eighth-largest cryptocurrency, people who are still nursing the idea of burning a part of the token\u2019s total supply are id*ots.\u00a0<\/span><\/p>\n He urged them to have a sober reflection on why they are still deeply immersed in idiocy\u00a0\u00a0<\/span><\/p>\n \u201cI want you to be specific about this. Turn off your computer and throw it in the trash can. If you have a car, get in the car and I want you to drive to the mountains, sit on the rocks, look at the sunset, contemplate your existence, and ask yourself why you are still consumed with idiocy,\u201d<\/strong><\/em> Hoskinson said.\u00a0\u00a0<\/span><\/p>\n The Cardano boss, who was recently<\/span> accused of lying about his educational background details,<\/span><\/a> added:\u00a0<\/span><\/p>\n \u201cAfter you are done with that I want you to come back only if you have reached a new level of clarity and insight, then you can beg for forgiveness from the entire Cardano community for suggesting to destroy their money.\u201d\u00a0<\/strong><\/em><\/p>\n Apparently, the idea of burning a part of the total supply of Cardano does not sit well with Hoskinson because it could end up destroying the main fundamentals of the blockchain project.\u00a0<\/span><\/p>\n However, several cryptocurrency traders may feel differently about the Cardano boss\u2019 opinion on burning a part of the token\u2019s supply, which has a max of 45 billion ADA.\u00a0<\/span><\/p>\n For most investors, burning ADA to reduce its total supply of 45 billion will ultimately boost its price to higher levels.\u00a0\u00a0<\/span><\/p>\n At press time, ADA is<\/span> trading<\/span><\/a> at $1.18 down 61.5% from its all-time high (ATH) of $3.09 recorded in September 2021.\u00a0<\/span><\/p>\n While investors feel introducing a burn mechanism for ADA will bring its price back to its ATH, Cardano developers feel differently about the idea, as they believe in focusing on<\/span> launching significant upgrades<\/span><\/a> that will trigger a rally for the token.\u00a0<\/span><\/p>\n