Niclas Svensson

[Iagon @IagonOfficial]

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[Niclas Svensson @Nixxi89]

@IOHK_Charles Yes, kill freestyle speech!
Dictatorship all the way!

[Holger - Guarding our Vision! @HolgerCardano24]

Okay, I just thought I'd have a quick look after writing the post below - and they're not even trying to hide it anymore.

Some of you may remember when I exposed them (check my timeline), back when IOG asked for ~10M to sell Blockfrost to the Community.
(After the Community had already funded them at least 7 times over through Catalyst and paid them monthly for the service - apparently it wasn't profitable enough for IOG, while Charles claimed they had every T1 CEX as a customer.)

Anyhow, back then IOG wanted to sell Blockfrost to us for around ~10M.
I pointed out a few things that didn't add up, one of them being that we'd be paying IOG/Charles while the company was still shown as owned by @stakenuts and his company Five Binaries OÜ.

Even in the Terms of Service, the company customers would have a contract with was Five Binaries OÜ.

I asked what was going on there, who benefits from the 10M treasury payment, etc.
After a few days they changed the copyright footer on the Blockfrost website to Input/Output in Singapore, WHILE the Terms of Service still stated Five Binaries OÜ - even their invoices said Five Binaries OÜ.

After a week or so, they also changed the Terms of Service to Input/Output in Singapore.

And NOW, after they did NOT get the 10M funding, the entire website is back to Five Binaries OÜ. 🤡😂

There you go, folks - that's Charles and IOG's money grab. They ask you for 10M for something we already funded all the way.

Then, when they get caught, they change things to look legit (poorly executed - it took them nearly a week).

And then, when they did NOT get the treasury funding, suddenly the company is owned by Marek and his company again.

Let that sink in for a moment. At some point we should all wake up and see what's going on here.

[Iagon @IagonOfficial]

Sovereign cloud costs 10–30% more than standard public cloud.

Germany's Delos Cloud, built to keep government data out of reach of US authorities, prices at 10–20% above Microsoft's public cloud.

That premium has a name in every vendor deck: the cost of sovereignty.

It isn't. Sovereignty has no unit cost — jurisdiction is not a resource you consume. What's being priced is the workaround: isolated infrastructure, duplicated regions, vetted personnel.

@Gartner_inc expects global sovereign cloud spend to reach $80B in 2026, up 35.6%.

You're not paying for sovereignty. You're paying for the workaround.

We build the other way around: residency conditions set by the customer, enforced before data is placed anywhere.

Compliance by design, not by process.

[Niclas Svensson @Nixxi89]

@foliosociety @benjamincowen

[The Folio Society @foliosociety]

The Iron Throne is still within reach... 🐉

Win a lettered copy of our sold-out Limited Edition of A Game of Thrones, signed by George R. R. Martin.

To enter:
🐉 Like the post
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🐉 Follow @foliosociety

Closes midnight 24 August (UK). T&Cs online.

[⛏️Dr. Navjit Dhaliwal @NaVi_GaT0R]

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.

[⛏️Dr. Navjit Dhaliwal @NaVi_GaT0R]

Team keeps shipping - today's Fireblocks × Cardano demo is proof.

I speak up because builders must protect the ecosystem we're building in.

You can build and care enough to be vocal. Both matter.

Governance voice ≠ Iagon strategy and execution

[Iagon @IagonOfficial]

Something is coming.
A demo is on the way — Fireblocks meets Cardano. Powered by Iagon.
Stay tuned.

[⛏️Dr. Navjit Dhaliwal @NaVi_GaT0R]

I guess this message is needed because I understand why some people are emotional right now. When someone with influence attacks a project, some panic and the current chart makes it look far worse than the underlying reality.

But Charles does not build Iagon. Charles does not control our enterprise pipeline. Charles does not control our revenue strategy. Charles does not control whether we ship, commercialize or deliver royalties to stakers - That responsibility is on us.

Our target market is not dependent on Cardano retail sentiment. We are focused on Web2, enterprise adoption, storage, compute, compliance and real commercial use cases. The Würth work is one example of that direction.

So people need to decide what they believe in - a temporary public argument or the fundamentals of what @IagonOfficial is building.

If holders let fear define the project, then yes, people with influence can damage any builder with a few posts. But if the community looks at execution, revenue, partnerships, product delivery and long-term adoption, then outside noise does not decide our future.

I cannot tell anyone what to do. Everyone has to make their own decision. But I can say this clearly - the team is still here, the work is still happening, announcements will come when ready and the best response to this situation is EXECUTION $IAG

[⛏️Dr. Navjit Dhaliwal @NaVi_GaT0R]

@CuadradoDeFi Keep working and keep strong! Cardano is not one person

[Niclas Svensson @Nixxi89]

@IOHK_Charles You just cant take cardano seriously with CH representing it with these kind of videos day in and day out... It is a forest of red flags

[Dr. Cuadrado, PharmD @CuadradoDeFi]

Charles Hoskinson, I’m going to say this directly.

From your $ADA mountain, it might feel like you can say whatever you want, whenever you want, without consequences. But deep down, you know something most people won’t tell you: you need us just as much as we need the ecosystem.

First and clear, I’m NOT part of the @IagonOfficial team. But watching this situation doesn’t inspire respect… it raises concern. Because while some of us are building, educating, and bringing real value into the ecosystem, you’re firing inward. And in any industry, that’s a dangerous signal.

Think about what it takes for a team to migrate from Ethereum to Cardano. Time. Capital. Risk. Conviction. They bet on this network. They bet on your vision. And what do they get in return? Public attacks from the very figure representing the project.

That doesn’t destroy Iagon. It erodes trust in leadership.

This is DeFi. No one is untouchable. Not even you.

We’re in the Voltaire era now. Decentralized governance. Distributed power. A community with a voice. And if markets have proven anything over time, it’s this: capital has no loyalty—only incentives.

If tomorrow the builders, the investors, and the liquidity drivers decide to look elsewhere… the impact won’t be symbolic. It will be real. Measurable. And yes, it will reach your net worth too.

Because at the end of the day, I haven’t seen any other blockchain founder publicly go after the very developers trying to grow their own ecosystem.

And there’s still time to correct course.

[Yak.legend @CardanoBoyz]

He has actually gone full Trump hasn't he 😂

Never go full Trump

[David @davidtwltr]

We are all just “bag holding trolls” - Charles Hoskinson @IOHK_Charles ADA Cardano 🫡

[Holger - Guarding our Vision! @HolgerCardano24]

Charles says in the Video, and I quote:
"Statement made of a Twitter-Mob with no bases in reality."

"Genesis ADA should be spent for this or Genesis ADA should be spent for that - its a closed matter."

"there is not going to be moving forward anymore discussion, at least from the Input Output side, about Genesis ADA and what do we do with Genesis ADA [...] its PROFIT"

So Charles and other people got: 2,463,071,701 ADA
(2.46 Billion!)

So basically he said:
The matter is closed. Anyone questioning why this ADA is not being used to develop or improve Cardano is part of a Twitter mob with no basis in reality, as it is his/their PROFIT and he/they will not use it for that reason.

Hahahaha,...
Yeah Charles, lets save Africa, right?

Guy and his friends/partners sitting on 2.46 Billion in PROFITS, and asking for hundreds of Millions from the Treasury, as payment in order to contribute to Cardano.

Do not believe me - WATCH the Video yourself!

Folks, you can not even make this shit up.

And again, same pattern:
Someone asks questions about money and you are instantly promoted to be a part of a Twitter-Mob! *TADA*

HOW DARE YOU ASK QUESTIONS!

And IF you dare to vote NO, on my proposals, where i ask for 140M, then I am going to crush you and your business, because i am ONLY sitting on fucking 2.46 Billion!

[Niclas Svensson @Nixxi89]

@LifeIsFunThankU Look it up, it is true. He is unstable and acts like a small child. Who would look at cardano as a viable ecosystem for their products when they see the founder act as he does here on X, and what he does against builders and investors that does not agree with him

[Tx @io_tilia]

I may be a nobody on Cardano but I've still been a person buying and holding ada. No more. Sold 85% of my ada bags after almost 9 years. There are many like me and there will be more because Charles is...I don't even know what he is but I'm sure he's not a leader. Far from it.

[Ricky @notrick374]

lol 😂