@philarekt Remember its not just patterns, its events. FTX collapse was the last dip in last cycle.
Maybe we get another big fearful event, maybe we don't. Maybe liquidity expectations are already priced in, maybe there is worse to come.
You cant know. But you can guess.
REPOST but to Cardano:
Dear @Cardano, we have been in deep discussion with
@IOHK_Charles and how recent price declines will impact their budgeting needs / ability to deliver on IO proposals. Combine that with my sincere belief that we do require more structured leadership (in conjunction with constructive community involvement);
@emurgo_io will shift to a "Yes" vote for IOR. We are at an existential moment for @Cardano where actions we take now will reverberate through our ecosystem. Also make no mistake, that every chain, is facing the same decision.
EMURGO believes the following: 1. Leadership: At this time, I believe need an executive function that is led by Charles @IOHK_Charles, Fred @F_Gregaard and myself
@phillip_pon alongside Jack @JBriggsLondon
at Intersect. The community will and must be involved.
2. Infrastructure: We need to fund infrastructure and
@IOGroup and some specific protocols / projects remain best positioned to ensure core needs are met.
@Cardano_CF also does work on these matters, alongside @IntersectMBO. @emurgo_io
maintains libraries that are used by nearly all Cardano projects.
3. Commercial: Investments must also be prioritised but we must also accept that most will fail. It is the nature of early stage investment but we must try to create a thriving ecosystem that embraces a multi-chain future. Strike offers other chains too. @LayerZero_Core
is essential to this strategy as are @circle, @PythNetwork , @DuneAnaIytics and
@FireblocksHQ.
4. Marketing & Branding: Web3 is fighting for attention in the age of AI. @Cardano has a unique opportunity to rise above the fray alongside @MidnightNtwrk@F_ZK_Now. Having said that, I am not a proponent of parties, happy hours, or 'free drinks'. Marketing & Branding are serious efforts that need to be led by serious people. I was recently at a dinner with a VC, Regulator, Market Maker, and prominent project where more was done to advance Cardano's relevance than a glad handing party of the usual faces.
@emurgo_io will support serious Marketing and Branding efforts.
There is a lot more I want to say but I want to call upon all DRep to vote "Yes" to the IOR proposal and for those who have abstained or voted "No" to reconsider.
Price has changed, therefore, the value & importance of the proposal has increased.
@Wowchecker17612@HMResearchX I like the tech. I like the community (usually, just not in bear market :)
I believe in decentralisation. I guess i'm not just into ada to pump by bags.
The governance will mature and learn from it's choices and mistakes. It's a great thing.
It'll still be here.
The Leios roadmap to solving the blockchain trilemma
Leios is moving from research to testnet – taking the first steps to scaling Cardano’s L1. Decoupling transaction diffusion from sequencing builds the foundation for later integration of advanced scaling techniques such as SNARKs, data availability sampling, and UTXO sharding.
Learn more about the Leios roadmap:
https://t.co/hegog9z4KC