Took the weekend to think about the path forward and the team and I have come to a simple conclusion:
We aren't ready to give up on Cardano.
My post went viral and I had people from all chains and walks of life reaching out. My DMs were crazy. Most very positive. Some of it, madly inspiring.
The main take away though was that people still believe in us, and Cardano.
Huge thank you to everyone who reached out. We had multiple parties volunteer to front the 100k ADA for the direct treasury proposal.
This is the Cardano I invested my life into. The Cardano of old, where people had each others backs and we were unified. I felt that again this weekend.
This community is undeniable. Let's lock in our direction and find something we can all get excited about again.
I ain't hear no bell 😤 Updated proposal dropping Soon™
Holy moly this thing did numbers
You think X messaging doesn’t matter? You can go to discord, you can go to WhatsApp, you can hide in a cave. None of that will matter unless you fix the external perception of Cardano at this point.
Hope you realize the more you fail to take control of the narrative and the people you are continually letting down, the worse and worse the narrative is going to be.
Saw holders reaching out I never even knew existed sharing similar sentiment.
Keep thinking the move is not listening to us…
@LayerZero_Core and @Cardano. Sounds great.
Connecting the best of Cardano to web3 and showcasing our capabilities through one of the largest interoperability integrations in our history.
To do it right (ensuring security and resiliency) will take time but we also understand that hitting each milestone on time is critical for the Cardano ecosystem and community.
But it’s great that another core integration is underway. Let’s go!
@IntersectMBO@Cardano_CF@IOGroup@emurgo_io@MidnightNtwrk
I think Cardano is competing against ecosystems that already benefit from massive network effects. And recently, those network effects have started translating into institutional adoption as well, which makes the challenge even greater.
At this point, institutional and enterprise adoption is incredibly important. You could view each adoption as just a single event, but the users, liquidity, and market confidence they bring are almost impossible to put a value on.
Cardano needs to move beyond being just a playground for OGs. We need to attract new people, new liquidity, and broader adoption.
I believe that's the path to long-term survival and growth.
I think growing an ecosystem is very similar to growing a national economy.
It’s about building the infrastructure that allows businesses to thrive, helping promising projects access funding, creating an environment where developers and entrepreneurs can keep building and taking risks, and listening to the community while shaping the direction together.
In the end, an ecosystem’s competitiveness isn’t determined by technology alone. The key is creating an environment where people, capital, liquidity, and opportunities can reinforce each other in a positive cycle.
I believe Cardano has already reached a point of irreversible progress. And I'm betting on its future.
I'm voting Yes on the IO: Hydra proposal.
I've consistently emphasized how important L2 infrastructure is for Cardano's scalability, and I see scaling solutions like Hydra as a differentiated value of Cardano — one that taps into the structural strengths only the eUTXO model can offer.
Honestly, a lot of the project leads I've talked to care less about the value of "decentralization" and more about whether a blockchain can actually deliver the best possible UX to their users. At a moment like this, where adoption by institutions and enterprises is what really matters, delivering an optimized UX to users through a scaling solution is decisive. And that's exactly where Hydra can play the most critical role.
There's going to come a point where we don't even realize that the services we use are running on a blockchain network underneath. When that day comes, Hydra is what can serve as that foundation within the Cardano ecosystem.
I’ve never seen a Cardano holder going around begging people to join us.
What I have seen is holders from countless other projects showing up every single day, trying to convince #Cardano people to leave, switch sides, and join their communities. Think about that for a moment. If their ecosystems were truly everything they claim to be, why is so much energy spent trying to recruit people from Cardano?
The truth is simple. $ADA holders know exactly what they own. We know the value of our network, our technology, our community, and our vision for the future. We are not chasing trends, we are building conviction. We do not need to knock on doors because we are already home.
And that is why they keep coming. Deep down, they know what Cardano brings to the table. They know the strength of the #CardanoCommunity. They know the loyalty. They know the resilience. They know that when people truly understand Cardano, many choose to stay. That’s why the recruitment never stops.
You don’t spend your time trying to take people from something weak. You spend your time trying to take people from something strong.
Cardano doesn’t need to chase attention. Attention keeps chasing Cardano.
💪
I put my entire life into Cardano. My time, my expertise, my savings. I’ve literally gone all in, and for over 5 years now.
And today, i got what i always wanted out of all my sacrifice.
A new Discord server.
A significant shift is happening in Cardano.
ADA holders are no longer passive participants in someone else’s roadmap. They now have direct influence over the direction, funding priorities, and future of the protocol.
The holders have spoken clearly in the recent budget cycle.
They want progress. They want accountability. They want delivery tied to discipline. When capital comes from the treasury, it is entirely reasonable for ADA holders to ask hard questions, challenge poor execution, and expect spending to translate into measurable value for Cardano.
That changes the incentive structure.
As a result, we have already seen treasury spend fall. In my opinion, the value of that spend has increased. Less capital is being treated as automatic entitlement, and more attention is being placed on delivery, relevance, risk, and return to the ecosystem.
I believe this will continue.
As global competition around value output increases, proposals will need to become sharper. They will need to justify cost more clearly, explain the mechanism of value creation, and show why the treasury should fund them.
The personal attacks, emotional outbursts, and increasingly strange behaviour we are seeing from some corners are a confirmation of that shift. When informal control starts to weaken, the reaction often becomes louder, less rational, and more personal.
Until people accept that power and control is moving back towards ADA holders, those social outbursts will likely continue.
That is what happens when influence moves away from closed circles and towards the people who carry the economic risk.
I think this is extremely beneficial to Cardano.
Healthy governance should apply pressure. It should force clarity. It should make capital allocation more difficult, more accountable, and more closely linked to outcomes. That is how a decentralized ecosystem matures beyond personalities, relationships, and legacy influence.
The powerful thing is that absolutely anybody can contribute to that change.
A holder, builder, stake pool operator, developer, researcher, business owner, or ordinary user can bring information into the system. They can question assumptions, expose weaknesses, improve proposals, challenge poor incentives, and help force positive change.
That is where collective global intelligence starts to create real value.
Different people bring different experiences. Some understand infrastructure. Some understand markets. Some understand governance, risk, compliance, enterprise adoption, product delivery, or community behaviour. When those perspectives are allowed to surface, the system becomes harder to control, but much stronger over time.
Disappointment is not a weakness in governance. It is often the first sign that the system is beginning to correct itself.
What matters is that frustration is being converted into action. Holders are voting, questioning, organising, analysing proposals, and pushing for a more serious and accountable ecosystem.
The old model of quiet influence, unclear control, and decisions shaped away from the people who bear the economic risk is weakening every day.
This is where Cardano becomes different.
Its strength is the ownership structure, the incentives, the treasury system, and the fact that every ADA holder has the same fundamental rights within the system.
No special class. No permission gate. No hidden entitlement.
Cardano’s future will be shaped by the people who hold it, use it, build on it, and are prepared to defend its long term value.
Exciting times.
🚨 NEW: Charles Hoskinson is working with community leaders to launch a new Discord hub aimed at moving Cardano discussions away from X and into a more moderated environment.
While I am not sure if we will pass or not, I am very hopeful seeing these YES votes from the top DReps.
Thank you for believing in our team and the idea that Cardano should focus on applications and revenue building protocols.
A lot of the builders in the space feel left out, but this is an extremely encouraging indicator.
Like i said, regardless of if we pass or not, it's a bit surreal to see this much $$ moving and voting.
Take a step back and enjoy what we have built here. Even though it's not perfect, it's absolutely cool af.
Thank you to all DReps for your continued work.
I put my entire life into Cardano. My time, my expertise, my savings. I’ve literally gone all in, and for over 5 years now.
No salary for 3 years, along with my co founder, and every payroll was paid on time. This isn’t meant as a guilt trip just context towards my reality.
I forced my cofounders to envelope the ‘entrepreneur mindset’ and make sacrifices to make our vision of Anvil work.
I thought we were in good company in Cardano. A bunch of scrappy, smart people who are building the future financial rails of the world. Unfortunately, not everyone was living like starving entrepreneurs and looted our community/treasury while keeping cushy salaries. Now the price is in the teens…and we can’t even get contracts on Cardano to sustain our business, with no indication that change is coming, all community business proposals are not passing atm.
I gave up my 30s for this. I had a great career trajectory making solid money. I don’t regret the decision I just wish it went different. Believe it or not, we didn’t make many stupid decisions, we were responsible with salaries, and ran very lean operations. Did we fail? Or did Cardano fail to flourish and create real opportunity?
I bought Ada, I believed in the token. I dropped my 401k on it. Held it religiously for 5 years, all to sell at .16 so I don’t lose my house? It’s insane lol was I supposed to sell on everyone’s heads? I thought being a believer was the whole point now I just feel like a sheep. I don’t even have the 100k Ada required anymore to go straight to the treasury. The only thing I can think of that hurt worse were my kidney stones. This is the most defeated I have felt in a long time.
And now I’m watching 8 months of hard work and relationship building get thrown away. Can’t get a hold of half the DReps otherwise you come off as annoying. Didn’t do a Japan tour? Good luck!
I had to waste 6 days explaining to one of our top DReps why the product needs Cardano. He basically said we didn’t need to use blockchain or cardano. Instead of explaining the value we create I gotta convince our top DReps why a project chose to build on Cardano? 🤯
Im not perfect but I damn sure tried to be! Answered everyone promptly, reached out to DReps, and did our best to listen/apply feedback. I show up everyday.
Can someone explain to me why I should keep trying to build here? I’ve legit lost everything but my wife who isn’t getting any happier with me.
Today is the first day I work towards getting my life back. IDK exactly what that means but I’m done feeling like this for nothing.
NEWS
CHARLES HOSKINSON AND PHILLIP PON WORKING ON NEW CARDANO DISCORD 😱😱
@IOHK_Charles and @phillip_pon are working on a new Cardano Discord server.
The goal is to create a space focused on productive discussions, collaboration, and ecosystem progress, with an emphasis on meaningful engagement and building.
According to Charles, the vision is to foster an environment where "real conversations" can happen as Cardano moves toward its next chapter.
Thanks @IOHK_Charles. We both agree there is a place for X but we also agree that moving to Discord where we can have proper discourse about the future of Cardano is the way forward. Cardano is and always will be a welcoming place but the community deserves our focus to be on building the future and not engaging on the relentless and endless re-litigation of passed decisions or actions that have little to no bearing on the forward direction.
I’ve also spoken with @F_Gregaard who also welcomes this change of venue as we all believe it will result in a more coherent, transparent and aligned vision for Cardano.
We look forward to seeing you there. More details to come. 🙂
Dropping by to let everyone know that I spoke with @phillip_pon and we are working out a plan to create a discord for a great migration of the Cardano community from X. We can have happy, positive, well-moderated channels and leave behind the drama, lies, endless rage, and embittered people for a place where real conversations and real progress can be made.
I will continue broadcasting live streams to X as I have a million followers here, but will only take AMA questions from the new Cardano and current Midnight discords. I've seen some commentary that broadcasting means I'm back on X. For those people, I can't solve stupid.
Enjoy your scandals of the week and FUD. Real work is done elsewhere. Looking forward to Cardano ascending to better days, governance, and culture.
Just in: @FortuneMagazine has included Cardano on the Fortune Crypto Innovators 2026 list.
Selected from more than 150 nominations, Fortune's list of 30 recognizes those "pushing the digital assets ecosystem forward."
Huge win for Cardano & Algorand!!
The United Nations Development Programme (UNDP) has launched a Blockchain Advisory Group.
Cardano & Algorand are officially members, giving both ecosystems a seat at the table as blockchain adoption is explored at a global scale!!
Cardano $ADA is set to complete the 6-month CME futures requirement for a standalone spot ETF this August.
The requirement was introduced under the SEC's updated ETF listing framework, putting $ADA one step closer to ETF eligibility.
Meanwhile, Grayscale's Cardano ETF application remains under review, with a potential decision expected around late October.
Could Cardano be next in line for a spot ETF approval?