The impetus for this video message was the apparent failure of the Ardana stablecoin project.
However, a number of issues are touched upon.
Rugs and Failed Projects
Cardano recently announced their Djed stablecoin project, so this can't be just about the failure of another similar project. This is another skirmish as the top dogs fight over the future. The negativity is almost as if an actual stablecoin had failed - it hasn't - it's just a project coming to a halt.
The rugpull was not perpetrated against defi customers, but on the project investors. That Hoskinson felt the need to respond just shows how jittery everyone is.
He is seriously pissed off! "The first we heard was on Twattr!!" yeah... devs!
I've just upvoted @blurtyield's content.