It looks like Hoskinson will say anything to make his coin pump. He tried many different approaches in the past and made a lot of promises but Cardano can't even go past 50% of its ATH while bitcoin is making new highs this year.

Whatever he says, ultimately the goal is for him to make money on his coin, that's all it comes down to. He's not an idealist, but a businessman. I'm tired of altcoin devs trying to catch a ride on the bitcoin train.

Developers do not need permission to create or fork open source material. If there are going to side chains or layers release it should be for the benefit of the community. Not many of the altcoins market has a need or purpose, it did not stop their projects launching but how many were updated or maintained? Cardano is different because it is proven to have useful properties.

I find it intriguing that Charles Hoskinson is looking at Cardano as a space for bitcoin defi. Given that Cardano focuses on security and uses a UTXO model, it could be a logical fit for bitcoin's ecosystem. But with so many layer 2 networks out there, i wonder what cardano could bring to the table that others haven't. Maybe it's the scalability or something else that would make it stand out. I'd definitely be open to exploring it further to see how it compares.

The public definitely didn't . Just because you think something is a good development challenge for you that you could do and provide proof how awesome your coding skills are, doesn't mean that people are actually interested in whatever you are trying to build.

What most coders, and I mean like real hardcore ones not the typical "oh I do a bit of phyton" newbies, I mean like these type of people, do not realize how uninteresting these things to us non-coders, they all think what they are doing is so awesome, but they do not realize we have absolutely no interest on this at all, we can't be bothered with it at all. So whoever he did it for, I am sure that nobody in the world will care, this isn't going to be as popular as he thinks.

It may be seen that way too.
Then again - who wouldn't promote his own product project if he was in Hoskinson's shoes? Not too may.

It's just another dying blockchain who pivoted as l2 to get the demand. I remember ADA has its wrapped Bitcoin through Wanchain, but it's kinda strange they're intending to issue a new one.

I believe from bitcoiners perspective, l2 is not even needed.

If ADA is arguing to issue a new trustless bitcoin on their blockchain, come on man! they have aneta BTC. Why issue a new one?

The major concept of all this layer 1 (example wBTC) and layer 2 is to enslave Bitcoiners into holding their shit token instead of holding the real Bitcoin. Wish I believe is nothing different from buying IBIT.

Whatever layer they come up with now or in the future they are still just replicating the same concept which is to gain the attention of Bitcoiners (which is what the OP is doing) and to make newbies see their token as an option to BTC.

I just hope people wake up to the reality of this, and hold their BTC in the self-custodial wallet, especially now that institutional investors and investment giants are the major players in the market

Bitcoin is a Proof o Work cryptocurrency, and it does not need to change itself to be Proof of Stake. Many Proof of Stake cryptocurrencies failed, and I am as a Bitcoin investor, don't want Bitcoin PoS.

Proof of Stake will make Bitcoin blockchain more centralized, and no longer is decentralized like now. Do you want a Centralized Bitcoin blockchain?
I believe many people easily answer this question as No. Because decentralized is one of biggest strength of Bitcoin blockchain.

No PoS, no centralized.

Well, sidechain-style L2s can be both: use Bitcoin as a "value layer", but provide a consensus mechanism which relies on a separate currency (in this case Cardano), which could be considered the "base layer".

I still hope that PoS-style sidechains eventually get replaced by merged mined sidechains in the vein of Paul Sztorc's Drivechain (this could also help to solve the Year-2140 problem) but these PoS-sidechains can help mitigate the scalability problem too. I consider them experiments, but they're better than wBTC and friends.

One can ask, of course, if there is a fundamental problem with PoS sidechains. The subset of nodes providing consensus for the peg-ins and peg-outs is not the same than Bitcoin's validator (miner) node subset. But both Bitcoin and PoS-sidechains are providing financial incentives "directing" validators towards honest behaviour, which seem to work until now.

Excessive centralization of the PoS validator node set would be of course a problem. Cardano at least is relatively old already, so the team probably has sold some of the premined coins and so they aren't as dominant as when the coin started. A non-premined sidechain would of course be better, but currently none exists afaik ...

I never said that. What I've meant is that Bitcoiners will be able to participate in staking indirectly via the use of a L2 network or sidechain. Having Cardano on-board would give such benefits to Bitcoin users. Is it necessary? Of course not! But the open source nature of Bitcoin allows anyone to do with it as they wish.

I'd expect different implementations of sidechains and L2s in the long run. Bitcoin already has RSK and Stacks as separate smart contract platforms (L2s). So Cardano would have to compete with these directly to remain popular. Ultimately, Charles Hoskinson and the community will decide what to do with Cardano. As long as decentralization is preserved, there should be nothing to worry about.