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.
If you think paying for marketing and content creators doesn’t do anything, look at what just happened to Cardano.
You’ve just witnessed the power of social engineering and narratives led by influencers & media who completely changed the public opinion of Cardano, sending the price from 24 cents to 15 cents in just a week.
Crypto is not a competition of best tech it’s a competition of public perception.
The market has repeatedly shown that being technologically superior is not enough.
Just look at Solana. Despite outages and technical issues, it climbed to the top because it captured marketing. Ethereum is still number two despite being expensive to use.
Yet Cardano still likes to believe that investors solely buy based on tech, decentralization, and infra.
”build it and they’ll come“
- they won‘t.
The majority of people buy based on public attention (marketing) and perceived upside.
Infrastructure improvements may excite developers, but developers are not the market.
I strongly believe we’re in a good place right now to really push what we have already built, but it looks like this will be yet another year we let projects and public attention die for the sake of funding even more infrastructure that won’t change a thing for the majority of the end user.
Charles Hoskinson just poured his heart out on Spaces.
He has no power to unilaterally fix Cardano, gets zero love, catches every single blame for failures, and watches his funding proposals get rejected by the same people who then complain nothing improves.
This man is getting crushed under undeserved hate while carrying the weight of the entire project he built from nothing.
Cardano community it’s time to wake up.
Unify, support the founder and the team whose vision created this entire foundation, or watch it slowly die.
No more toxicity.
#Cardano $ADA @IOHK_Charles
I am getting insanely tired of hearing a false narrative that we abandoned scaling in favor of governance. There was continuous effort and work from before even Shelley on scaling (for example https://t.co/jPnHnG8BbG)
It was an enormously challenging problem that we relentlessly attacked from many different angles including L2 innovations, a brand new accounting model- eutxo- zero knowledge ideas, partnerchains, and capstoning with Leios.
Many of these ideas required deep r&d and original publications. This cannot be made faster by throwing more people at it. It's research. In the meantime while the research was being done, we implemented Voltaire because it unlocks the treasury for the entire community to use thereby making Cardano stronger and also scaling will require many parameter changes we cannot unilaterally make.
No one was pulled from scaling research and development. There were dozens of scientists and engineers brainstorming and prototyping for years. A semi-centralized and not secure halfway house could have been implemented that crashed all the time like other blockchains. Or we could do it right like we've always done things with the Cardano ecosystem. We chose the latter.
We now have a full design for Leios, Peras, and a great L2 strategy. They are elegant and future proof. We now have the best scaling strategy in the entire cryptocurrency space. That's what the time bought us.
Implementing Voltaire means that every single one of you has a voice and vote on when and how to turn that on. You also exercised that vote and voice on a desire for a multi-client ecosystem. So it's going to be turned on multiple times by independent teams. That's the point of governance.
Critics somehow argue that we should have just made a mad rush for scalability, robbed everybody of a voice, and somehow we would be ahead today.
What that means in practice is none of you would be dreps, there would no constitution, no constitutional committee, you would have no say when and how we upgrade the network, you would have no say on client diversity, there would be no legitimate members-based organizations, we would have no legitimate- community endorsed- road map, and over a billion Ada would be locked for no one to use.
The very fact that Bitcoin is having an issue trying to figure out whether to steal Satoshi's money for the "greater good" (BIP361) or just simply let someone else steal it (BIP360) is the single greatest endorsement of the value of governance. It's going to literally break their ecosystem into two halves and cause catastrophic economic harm. We will completely sidestep this issue thanks to governance.
Midnight is now accessible inside the Lace extension.
So what’s changed, and why should you care?
This post breaks down how @MidnightNtwrk fits alongside Cardano in one wallet experience, and why combining public and private assets is part of Lace’s longer-term direction.
https://t.co/DQxKXrXZPM
Fourth-generation blockchain unlocks the real world
👉 Bitcoin gave us digital money
👉 Ethereum gave us programmability
👉 Cardano brought scale and governance
@MidnightNtwrk brings privacy.
And with it, the ability to bring real-world value onchain.
Until now, the lack of privacy has kept trillions of dollars in assets off-chain. Midnight removes that barrier by enabling applications where data is protected by default and verified when needed.
This is what it takes to scale blockchain to the real world.
Welcome to Midnight 🕛
We’re changing course to prioritize Cardano’s growth. We are ceasing development on Acropolis to focus on chain abstraction and cancelling Tiered Pricing to align with the Leios roadmap. This decision returns ₳4.1M to the Treasury. We’re putting resources where they deliver the most value for the community.
Full update: https://t.co/1x6XQcCBlW
Given the current FUD on Midnight coming from the Cardano ecosystem, a reset is needed for some to understand:
- Midnight is a project on Cardano
- When Midnight wins, Cardano wins
- Midnight is a good actor
- Without Midnight the Pentad would never have had the successes it had
- Midnight shall demonstrate Cardano is a good chain to launch a partner chain on, as a role model for others to follow
- As Cardano we ought to embrace projects on our chain and not gaslight them
I fully agree with Charles on this, it saddens me videos like this are necessary. I applaud Charles for keeping up the good fight.
Cardano must succeed. We are one of the very few big chains left honoring the vision of Satoshi and believing in self-custody and decentralization.
If in doubt 👇👀
Partner chains like Midnight was part of the plan before Cardano launched.
"Every single person who bought $ADA ... bought into that understanding that this was the plan to build partner chains."
An update on our engagement with @Mastercard.
While Cardano was not included in the initial cohort of 85 launch partners, @emurgo_io has been actively engaging with their APAC team to change that and ensure our ecosystem is represented.
Following a leadership transition at Mastercard APAC —where our primary contact moved to EY — we have successfully connected with his successors. They were excited to speak with us and I am pleased to share we are now in the Qualification Stage for the Global Crypto Partner Program.
With the continued support of the Cardano community, I am confident in a positive outcome.
This important:
Please like and share to show @Mastercard the strength of our ecosystem. Mastercard is a global firm.. we need to show them that our inclusion into their Partner Program will make a difference to them. Surely this is an initiative the entire Cardano ecosystem can support! #cardano86
Let's go!!!
#cardano #mastercard @Cardano_CF@Cardano@IOGroup@midnightfdn
Midnight is live 🥳
Today marks the launch of the @MidnightNtwrk, a defining step forward in blockchain infrastructure and the realization of a fourth-generation architecture.
Rather than forcing a trade-off between transparency and privacy, Midnight allows both to coexist. Developers can build applications where user data remains private, while key conditions can still be proven on-chain, unlocking entirely new design space across financial products, identity systems, and decentralized applications.
Welcome to privacy by default, and disclosure by choice.
Read the full announcement, including details on the network’s phased rollout designed to ensure stability, security, and long-term resilience as the ecosystem expands: https://t.co/OTc7RRtVzq