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cardano's "governance" has been turned into a complete joke. it will never be taken seriously after this level of corruption.
they just used genesis tokens in a bunch of burner wallets (tracked and proven) and voting power forcefully taken from Yoroi wallet users to vote for their own paid vacation. that's what this really is, do not fool yourself into thinking ADA will go up in value magically after this trip, or that the number of devs/token holders/users will rise even remotely significantly.
this makes us all look like complete idiots for thinking governance could be distributed appropriately, or that the founding entities could have even a shred of awareness of the optics of their own greed.
fucking disgusting.
I vote NO to "Rare Evo and Dev Gov Day 2026: Cardano Title Sponsorship."
I couldn't glean any information about past ecosystem outcomes from the proposal.
Similar to Cardano Summit, while it may excel as an internal event, it suffers from weak or inability to measure external ecosystem engagement.
The feedback from the communities and projects I know who attended Rare Evo and Dev Gov Day is similar to that of Cardano Summit; everyone agrees that it was a fun event with a strong gathering of Cardano community members and projects. However, a calm reflection on what the event actually accomplished and what impact it had on the ecosystem presents a difficult problem. In short, the only opinions I hear are, "It was fun, but the attendees were mostly familiar faces, and I think the return to the ecosystem was probably limited."
I previously voted "Abstain" for Cardano Summit, considering the potential external inflow effect compared to past summits, given that Singapore Token2049 was taking place nearby. However, RareEVO doesn't seem to have a comparable trigger. Therefore, I'm voting "NO."
Feedback is welcome.
Attn: @strikeperps
No one gets a free pass, not our top contractors or top dApps. I have a couple of particular questions around the proposed treasury withdrawal including:
1. Why is this proposal taking place outside of the @IntersectMBO budget cycle/process?
2. I am admittedly a DeFi super-novice, and I've often heard that past performance does not predict future returns, I believe I understand the "problems" that greater liquidity depth solves, however, don't yields for liquidity providers generally decrease as more liquidity is added? If this proposal represents a 2x increase (made up number) in liquidity, is it assuming a 2x increase in usage/trades to maintain the same/great ROI versus historical data?
3. I'm going to need a LOT more information about who actually holds the liquidity tokens and what safeguards are in place there. How can "governance" retain withdrawal authority?
4. I somewhat like the idea of returning the 6-month yields back to the treasury as a sign of good faith, however, wouldn't they be more profitable and effective if they stay the remaining 6 months and compound the yield? Maybe there's some type of quasi-governance option to return a portion of earned yield quarterly/6-months (i.e. 50% of earned yield will be reinvested, the remaining 50% back to treasury?)
5. Similar and in the same vein as mentioned above, assuming we see meaningful ROI from this liquidity injection and management, is there a function to keep it there for a future year versus returning it all to the treasury and needing to go through this whole process over again? Essentially, do you want us to keep it here and yield bearing or return it at the end of the 12-months?
6. If I'm thinking about the right protocol (again, DeFi novice and not a regular user of these protocols)... Funds are deposited into Strike and then the actual "trading" happens off-chain. What assurances or safeguards are there that the "community" would be able to claw these funds back to the Treasury in the unfortunate event of the Strike company going out of business due to some unforeseen circumstance?
I devoted years of my life to what was being built on Cardano.
Nights I could’ve spent with my family and those I’ve lost along the way.
That’s why I’ll never forgive Charles Hoskinson for his greed, his ego, and now his desperation.
I hope @IOHK_Charles reads and understands what is being said here. This is the sentiment that is increasingly common deep in the Cardano community. 🥺
https://t.co/sBnQvSovch
Cardano treasury governance must be decided by evidence, merit and community consent - not threats.
This amendment does not silence debate. It protects debate.
It does not stop proposers from defending their work. It stops proposers from using intimidation, retaliation, coercion, or abuse of influence to pressure dReps, SPOs, CC members, ada holders, auditors, administrators, competitors or community members.
It's simple
Ask questions without fear. Vote without fear. Compete without fear. Build without fear.
Piece of shit move tbh
Especially when requesting millions from others while threatening their failure if they don't fund you or put their livelihoods/solvency in your hands as well
Charles Hoskinson is losing his mind - he lives in delusion. He blocks everybody who has an opinion that differs from his own. He has to pay people to come to his birthday parties.
On January 14th, 2025, Charles Hoskinson @iohk_charles received 1.6bn Ada from treasury through Intersect
Promised to bring BTC defi, leios, and Chainlink to Cardano
As of 2026 none of these "research" projects amounted to anything and cardano has since gone down 98%
Charles, when every critic becomes a villain, the pattern is not everyone else. The pattern is you.
You just listed Optim, Iagon, Cardano Whale, Dave, Rick, Adam and others like this is an "inventory." It is not an inventory. It is a list of people in this ecosystem who have questioned you, disagreed with you, did something you didn't like, challenged IOG, challenged a narrative or refused to act like Cardano governance exists only to ratify what you want.
And instead of reflecting on why so many serious people keep ending up on the other side of your megaphone, you reach for the same playbook every time
- Dismiss the substance.
- Attack the person.
- Recast yourself as the victim.
- Then tell everyone else to "grow up."
So let's take the Iagon part of your "inventory," since you brought us into it. You say Iagon "started bullying and harassing" Midnight ambassadors. That is a convenient story, but it is not what happened.
I as a dRep asked a governance question, NOT Iagon.
A dRep asked whether people with roles connected to Midnight or IOG linked interests, who also held meaningful dRep voting power, should abstain on IOG related treasury proposals. That is governance.
That is literally what dReps are supposed to do - ask hard questions, examine conflicts, protect treasury neutrality and represent the $ADA holders who delegated voting power to them. If a person is participating in governance with delegated $ADA while also holding a role connected to a project or organization affected by that vote, asking about conflicts is not an attack. It is accountability.
And let's be very clear - ambassadors are not above scrutiny. dReps are not above scrutiny. Iagon is not above scrutiny. IOG is not above scrutiny. Midnight is not above scrutiny. You are not above scrutiny.
This is supposed to be decentralized governance, not a court where certain people get protected status because they are useful to Charles Hoskinson.
The moment a person participates in public governance with public voting power, the public is allowed to ask public questions. You did not answer the conflict question. You reframed it as "bullying" - ironically this is exactly what you have been doing in this ecosystem.
Then you escalated it into an attack on Iagon, my leadership and the holders.
You used your platform to tell the market you had "no more time" for the project unless leadership changed. You warned that Iagon could fail and destroy value for token holders. You called into question the ethics and integrity my leadership. You accused us of acting out of spite rather than engaging with the actual governance concern.
And then, after the damage was done, you turned around and said people are "playing the victim." That is not leadership. That is deflection.
You cannot threaten a Cardano native project, watch real holders suffer, then accuse the people objecting to the threat of being childish.
You cannot say you care about token holders while dismissing "your token holders" when those holders happen to be in a project that challenged you.
There are no "Iagon holders" over there and "Cardano holders" over here. $IAG holders are $ADA holders.
They are stake pool operators.
They are voters.
They are dReps.
They are builders.
They are community members.
They are families.
They are the same ecosystem you claim to defend.
When you attack a Cardano project, you are not attacking some foreign body. You are attacking people inside Cardano. That is the part you keep avoiding.
You talk about ambassadors being bullied. Fine. I will say this clearly - I do not condone harassment of any ambassador, volunteer, dRep, builder, SPO or community member. Anyone who crosses into personal abuse should stop.
But do not use "protecting ambassadors" as a shield to make governance questions untouchable. Do not use volunteers as human armor around treasury proposals.
Do not say "decentralized governance" when the rule is really - vote,but do not question my side - ask question but not about my people - participate but only if you accept the consequences of my platform turning on you.
That is not governance.
That is intimidation. And since we are talking about red lines, where were those red lines when Iagon was being called a scam? Where were those red lines when IOG aligned voices and consultants were smearing Iagon publicly?
Where were those red lines when defamatory claims, racial slurs and personal attacks were being thrown at builders who have spent years building on Cardano?
Where was the concern for "bullying" then?
The standard cannot be:
When your side attacks, it is criticism.
When others ask questions, it is harassment.
When you escalate, it is leadership.
When people respond, they are victims.
When you use a 1M+ follower account, it is accountability.
When a dRep asks about conflicts, it is a mob.
That double standard is exactly why people are speaking up. You say people "lash out, get hit hard and then play the victim."
No.
People ask legitimate questions. You hit hard. Then you call their injuries proof that they were wrong to ask. That is the pattern.
A dRep raises a conflict of interest concern. You call it bullying. A project CEO disagrees with IOG proposals.
You call it spite. A community member challenges your narrative. You diagnose them, mock them, block them or write them off. Then, when people notice the pattern, you call them children.
Charles, the lack of self-reflection here is breathtaking.
At some point, when the same story keeps happening with different people, different projects, different dReps, different critics,and different cycles, maybe the common denominator is not that everyone else is irrational.
Maybe the common denominator is that you treat disagreement as disloyalty.
Maybe the common denominator is that you confuse criticism with attack.
Maybe the common denominator is that you cannot separate Cardano from yourself. That is dangerous in a decentralized ecosystem. Because Cardano does not belong to you.
It does not belong to IOG.
It does not belong to Iagon.
It does not belong to Midnight.
It does not belong to any ambassador group, any DRep bloc, any founder, any company or any whale.
It belongs to the $ADA holders and the people building, maintaining, securing, voting, delegating, questioning and participating in it.
And if those people cannot ask whether conflicts exist without being threatened, mocked, financially harmed or publicly targeted, then governance is not free.
You said "grow up kids." Here is the adult version:
Answer the question. Should dReps with roles, incentives, payments, affiliations or obligations connected to an organization seeking treasury funds disclose those overlaps and consider abstaining?
Yes or no?
That was the issue.
Not your ego.
Not my tone.
Not Iagon’s existence.
Not whether Midnight ambassadors are good people.
Not whether Charles feels attacked.
Not whether people should be afraid to ask next time.
The question was about conflict, disclosure and treasury integrity. If there is no conflict, explain why.
If there is a conflict, disclose it. If abstention is not necessary, make the case. If the Constitution already provides the standard, apply it equally. But do not turn a governance question into a loyalty test.
Do not demand apologies for asking what every serious governance system must be willing to ask.
Do not pretend you are defending decentralization while using centralized influence to punish dissent.
And do not tell people to "grow up" while threatening to burn projects down.
The Cardano community should be able to disagree without fear. dReps should be able to vote NO without being branded enemies. Builders should be able to compete without being targeted. Token holders should not become collateral damage in personality conflicts.
Ambassadors should be respected, yes. But they should not be used to make legitimate governance scrutiny off limits.
So yes, let's take inventory.
Who asked a governance question?
Who answered with escalation?
Who raised a possible conflict?
Who turned it into a campaign against a project?
Who claims to care about token holders?
Who publicly attacked leadership of a project whose holders are also Cardano community members?
Who says others play the victim?
Who keeps casting himself as the victim whenever accountability arrives?
That is the pattern people are seeing. And no amount of "grow up kids" changes it.
Iagon will continue building. I will continue voting my conscience as a dRep. I will continue asking questions when treasury neutrality, conflicts of interest and governance integrity are at stake.
If I am wrong, answer with facts. If you disagree, make the argument. But threats, mockery, blocks and public intimidation are not arguments. They are the behavior of someone who wants decentralized governance only until it decentralizes power away from him.
Cardano deserves better than that.
I am voting "Abstain" on the proposal for "Cardano Vision 2026: Human Centred, Scalable, Post Quantum Secure - IO Research."
I believe this proposal is a mix of a waste of funds and a potentially excellent proposal for Leios and quantum resistance research, and I wanted it resubmitted and split.
However, the IOR has promised never to resubmit and has promised to close down leios and quantum-resistant research labs if the proposal is rejected.
As some members have suggested, this may be a political maneuver by the IOR, but it may not be. If not, I believe that news of a complete halt to the research will spread, and the ADA could fall by more than 50% due to the departure of holders who were involved in purchasing under the guise of peer review.
Therefore, our choice is as follows:
A. Tolerate some seemingly pointless research as a sacrifice to gain access to research on Leios and quantum resistance.
B-1. Reject the proposal, betting on a resubmission, with an X% probability of the resubmission occurring.
B-2. Reject the proposal, betting on a (1-X)% chance of a resubmission, but all labs closing and an ADA 50%+drop event occurring.
The ideal scenario is B-1, but the worst-case scenario is B-2, and the probability of this is difficult to predict as it depends on the political decisions of the IOR team. At the very least, since the IOR has promised closures, this is a high-risk gamble.
While I acknowledge that B-1 is ideal, I cannot accept the risk of the B-2 event, so I withdraw my NO. While I find this emotionally very frustrating, we need to consider it objectively, focusing on the practical gains and losses for the entire ecosystem.
On the other hand, I understand the argument that it is absurd to actively approve a budget that includes what I believe to be a waste of money. Based on this feedback, I withdraw my YES.
Therefore, my final vote is Abstain. I hope the IOR will improve its operations next year.
So this is how it is, Charles? You want to draw that line conveniently where it suits your personal agenda, misconstruing Navjit's (consistent over the years) -highly- accurate criticisms about conflict of interest, and then proceed to burn us all? A failure by your own standards
There is a premine and heavy centralisation of his shitcoin $NIGHT.
Premine by transitivity - $ADA had premine and genesis ADA was granted to 3 founding entities: @IOGroup, @emurgo_io and @Cardano_CF, out of this 3 entities 2 received $NIGHT thanks to their premined ADA they are holding. @Cardano_CF was excluded from this airdrop due to Charles’ pettiness and personal grudge against them.
So situation is as follows biggest $NIGHT holders are: IOG (controlled by Charles), @midnightfdn (controlled by Charles) and EMURGO (friends of Charles) - thus it’s heavily centralised.
The only people bullish on MIDNIGHT are people on CH payroll. @Pledditor
Listen carefully. 40 seconds.
This is Charles Hoskinson - founder of Cardano - speaking publicly in an X Space he created and hosted himself, about token holders of projects within his own ecosystem.
"I don't give a shit about your token holders. I don't give a shit about your bag holders."
"If you attack my ambassadors, I will burn you to the ground."
"The appropriate thing to do is apologize and back the fuck off. And then we have no problem."
The full audio is attached to this post. Listen yourself.
Now understand who he was actually talking about.
The "token holders" he dismissed are not strangers in some separate ecosystem. They are ADA holders. They run Cardano stake pools. They vote as DReps. They build on Cardano. They hold the IAG, the SNEK, the NIGHT, the tokens of every project inside this network - and they hold ADA alongside them.
When IAG crashed 32%, real ADA holders lost real money. When any project inside Cardano takes a hit from this kind of campaign, the damage flows straight into the same wallets that hold ADA. There is no separate "their holders" and "his holders." There is only us.
So when he says he doesn't give a shit about your bag holders, he is talking about Cardano holders - YOU!
When he says he will burn you to the ground, he is talking about burning projects inside his own ecosystem - and the people invested in them are the same people invested in him.
This was said after IAG had already crashed 32% in 24 hours. After real families in our own ecosystem had already lost real money. After he had already amplified the attacks that caused the damage.
Days later, the same Charles Hoskinson publicly demanded that Iagon's leadership be replaced. His words: the project "could collapse and erode token holders' holdings unless leadership changes."
Let that sit for a moment.
The man who said "I don't give a shit about your bag holders" is the same man demanding leadership changes at another project in the name of protecting token holders.
The man who said "I will burn you to the ground" is the same man calling someone else unfit to lead.
So I'll turn his own standard back where it belongs:
If a leader's job is to protect token holders and act in the ecosystem's interest - is this the leader who should be wielding 160M ADA of community treasury?
Is this the voice that should speak for Cardano - to investors, to enterprises, to regulators, to anyone watching what we are building?
Token holders are not the enemy.
Ambassadors are not the army.
DReps asking questions are not attackers.
This is OUR network. OUR treasury. OUR future. Not his.
Vote accordingly.
Imagine hiring a contractor to build your kitchen for $10,000. He takes the cash, walks to the casino, puts it all on black, and tells you the kitchen will be done “when the times’ right.”
Three months later you ask for an update and he says he’s actually waiting for black to hit twice in a row so he can build you a bigger kitchen.
You didn’t ask for a bigger kitchen.
You asked for a kitchen.
You have been eating cereal off the floor for ninety days.
I’m talking about treasury funding on Cardano. We currently have 60+ budget proposals, most of them pegged at $0.25 $ADA. Some will get approved, theADA hits their wallet, and then it just… sits there while theyre hoping ADA hits a dollar so their $10M proposal magically becomes $40M and they can deliver the same scope while pocketing the difference.
And then we sit in spaces wondering why nobody uses the chain. Bro. The biggest recurring ADA outflows on this network are sitting frozen in wallets waiting for a candle.
Of course there’s no velocity.
The people getting paid are the ones least incentivized to actually use the money they got paid with.
If you quoted USD, convert what you need, spend what you need, stop treating ecosystem funding like a personal long position.
Stop being greedy bastards hoarding ecosystem money waiting for a pump.
Deliver the work you promised, with the money you asked for, at the price you quoted.
It can’t be that hard.
#Cardanocommunity