@The_ArcticAlpha@RonSwanson1984@ChilledKongs Still hold hope that you guys can take over the project. I hold all my kongs (still) as a memory of what was, and what could still be.
Seeing some chatter about @RonSwanson1984 and me taking over Kongs. We caught a lot of flak for trying to buy CK in late 2022 and again in 2023 when we attempted again.
Ever since I conducted interviews to get to the truth about the BAC news, we realized that CK was going to slowly slide and stagnate due to its leadership.
In 2022 we wrote & signed a collective letter from team members and large holders to Occy and Deckard very humbly and professionally suggesting that several changes be made to CK to reverse the decline. This included a change in management, recurring team meetings, a change in roadmap, a focus on innovation, and onboarding Ron and I as unpaid advisors. I dont share private DMs even from people who disrespect me so Ron and the prior team members can attest to the care and candor we put into that lengthy letter. I will share it if the team does abscond.
We were extremely careful how we presented it and how we/team conducted ourselves to avoid anything that would make it seem hostile. They received it terribly and called it a back stabbing. We tried talking to them prior to that to help institute change and wrote the letter when that didn't succeed.
If you were a project founder and the vast majority of your team and largest holders wrote you a polite and positive letter, would you call it a betrayal or would you listen? How many team members and large holders would have to leave the project before you were willing to admit you made a mistake?
Ron and I spent 3-4 hours on video chat with them over the next week to smooth it out and ensure they knew that our motivations were coming from the right place.
Fast forward to the past few months where we were slowly giving up hope for the project or a change to be made. I realized that everyone was waiting on MK to make their exit and decide to test our AI valuator and list all my kongs and throw in the towel. Ron saw me list them all and suggested we make one more attempt at buying the project. That's 100% how it happened and I'll grant you that the perception was poor, it did look like we were manipulating the price for a hostile take over and I'll take responsibility for that but it was absolutely not intended. I delisted them all shortly afterward.
Our plan was to forgo our own mint and use kongs as the PFP for our project. The opportunity cost in doing so was incredibly high. We were willing to pass up on a ~$500k mint of our own and spend $30k acquiring CK. We had already invested $150k USD in development at that point. Deckard and Occy would have retained some small equity as well as taking the lion's share of the MK mint.
We didn't get a chance to finish delineating our proposal before they posted our DM's and called it a hostile takeover... So yes, a $30k offer is super low but we were offering way more. We were going to merge the incredible community and art of kongs with unreal innovation and utility. That was our vision and that's why we were willing to sacrifice so much. They could have stepped back and took a passive role with a big payday and made more off the royalties with us pushing the project to new heights. It would have set a killer precedent on Cardano and NFTs. We considered all of these things.
Needless to say, we were villainized. I get it from their perspective and I'm not mad, just disappointed. Its hard to see something you love continually die and have it slap your hand and demonize you every time you try to help.
Post MK, just as we had anticipated, the project continually slid. In the past month, the team reached out to us and offered the project for sale. It appeared they were burnt out and had personal items to attend to. Unfortunately, we couldn't come to a deal.
The founders are just out of touch with what adds value to the community and the project and were not willing to forgo profits or relinquish control of the project for the benefit of their holders. I know they see it differently and I can understand that.
I am still holding my kongs in case something changes.
To @Occy_CK and @DeckardCK : I wish you guys and the project the best and am looking forward to seeing the new V3 roadmap. Occy, thanks for continually reaching out in spite of the turmoil and being willing to listen. Deckard, you are truly a great artist and OG kongs will probably forever be my favorite art on the chain.
Capitulate means to surrender. People who own ADA and who fear it will never recover are slowly capitulating.
Price will fall until smart money buys the fear in oversold conditions.
It is impossible to know when capitulation is over.
Only time will tell.
#Cardano $ADA
โผ๏ธIF YOU ARE IN #CARDANO READ THISโผ๏ธ RETWEET THIS, Our community could use a reminder of the whole reason we are here in the first place.
When in DOUBT consume yourself with FUNDAMENTALS. Nothing CARDANO has built in the past 6 years have seized, the network is LIVE & Robust with projects building EVERYDAY! GITHUB commits OUT the WAZOO, our chain is always in top 3, MOSTLY NO.1
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YOU SHOULD BE MORE WORRIED ABOUT YOUR ASSETS & NETWORTH LOCKED IN FEDNOW which is going to be MODERN DAY SALVERS CHAINS as opposed to your assets locked in a free for all financial ecosystem like #CARDANO where you can actually own and control your #ADA (money). Donโt think for a second this crypto crackdown back to back months before the launch of FEDNOW is a coincidence, NO IT IS NOT, THIS IS DESIGNED TO SUCK AS MUCH OF YOU POOR UNFORTUNATE SOULS BACK INTO THE SYSTEM. IโM HERE TODAY TO URGE YOU TO OPT OUT OF THE SYSTEM.
FEDNOW will ensure your entire financial freedom is CLAMPED down under the tight JAWS of the powers that be. Make no mistake, FEDNOW will be programmable money so if they insist on making sure you can NEVER buy crypto ever again as a result of your net worth and payment rail from your job all under FEDNOW, they would. You can kiss the crypto revolution and opportunity good by forever and remain that slave wage they need you to be.
Fortunately, the UNITED STATES is not the WORLD. Adoption of our chain in AFRICA, EUROPE, ASIA & the rest of the world wonโt seize over US Failure. DECENTRALIZATION is the future, MAKE NO MISTAKE. All of these push back should be expected because the POWERS THAT BE WILL DEFINITELY
NOT GO QUIETLY INTO THE NIGHT, NO THEY WONโT, But go into the night they must regardless, quiet or loud. They & their power struggle will plunge into the abyss of irrelevance inevitably. Hold strong comrades. #CARDANO for life.