@JureKaramarko To add further context, unfortunately, the chances of this message reaching a large number of holders are quite low...
This is because many holders are gathered within messaging apps that are almost unique to Japan.
I felt deep sadness reading Charles's post this morning.
Singling out "Japanese DReps" as a group is fundamentally at odds with the principles of decentralized governance that Cardano has aimed to build. No votes are cast by each DRep based on their own evaluation criteria, regardless of geography, and the reasoning behind each vote is publicly available. This governance model is itself a product of IO Research.
I have been an ADA holder since 2018, part of the community that has loved Cardano's vision as a future-oriented, principled blockchain, and supported it patiently over the years.
Catalyst and the current governance system were implemented as outputs of IO Research, but in their current form, they cannot be said to function adequately as mechanisms that maximize holder value. They are at a stage where redesign is needed, but I see no significant movement toward that.
Framing support or opposition to specific proposals as a matter of "loyalty to the community" or "continuation of research" has a chilling effect on governance.
What is needed is not personal attacks on DReps who voted No, or appeals to geographic communities, but constructive discussion of the proposal content itself. Each DRep's No vote rationale should be reviewed, and the budget and effectiveness of the proposal should be debated on its merits.
【#Target 15%】
#DRep "Top 10 Concentration (CR10)" is currently (2026/5/16) at:
48.1%(±0.0pt)→
Goal: 15%
(Top 10 under 15% → the 85% to be reflected)
If your DRep has 87M+ voting power, consider delegating to smaller DReps to enhance #decentralization
https://t.co/xjkPoVZ3JD
【#Target 15%】
#DRep "Top 10 Concentration (CR10)" is currently (2026/5/15) at:
48.1%(+0.1pt)⤴️
Goal: 15%
(Top 10 under 15% → the 85% to be reflected)
If your DRep has 87M+ voting power, consider delegating to smaller DReps to enhance #decentralization
https://t.co/xjkPoVZ3JD