$Patchy

Sealing the crypto seas… 🇨🇷

[masato_alexander @masatoalexander]

A May '25 tweet claims @IOHK_Charles sold ~1.5B ADA in the '21 hype cycle, plus 10x 20M payments to @gavofyork.

Rather than take its word, i wanted to check the chain.

Tracing funds is hard, but those x10 20M payments are a solid place to start:

🧵👇

https://t.co/X5vtdke3KQ

[masato_alexander @masatoalexander]

just realized the value of the BTC that was raised in the ADA ICO is worth more than the current market cap of Cardano:

108k BTC = $6.6 billion
ADA MC = $5.9 billion

[$Patchy @PatchyCrypto]

@StevenxTCG Send to Tag

[$cash @CashAnvil]

Charles I just watched your live stream.

Let me preface this by saying I value your comments and what you say. This is a large part of why i invested the best years of my life into Cardano. I still believe in the long term mission of Cardano. I still build here every day.

While listening though, I couldn't help but be alarmed about the lack of self awareness. I am sorry to put that so bluntly but i respect you so I'll cut right to it.

You made claims that basically we need to support the ecosystem builders, etc. Do you not understand that you are actively blocking us from funding because almost the entire NCL, or at least a LARGE portion of it, is directly tied to IO initiatives as well as FE initiatives? There is no pie left.

I am not arguing that you are deserving of treasury funds. I voted YES on multiple proposals. My issue is that you weren't willing to renegotiate on any of your proposals. You weren't willing to listen to the community and take line items out we deemed unnecessary. There was no room for revision, that is simply put a fact. I am not your advisory, IO is a business that provides real value to Cardano.

Dropping 1 item from the research proposal could of kept TapTools in business.

That simply put, is a decision. We are all working with the same budget. The proposers need to be just as responsible as the DReps. We all know what the NCL is.

Whether this was your intent (I highly doubt) or not, it's the reality we currently sit in. Many of us went through Intersect, the MBO we all agreed to join and use as a center point for our community, and adhere to their process. Many of us will likely not get funded due to that, following the process and mandate of the community, wild how that works.

To be clear, you certainly are not solely at fault here. Draper will certainly help the future of Cardano, what about the current? CBDAO is currently a NO vote in intersect...Catalyst is likely never coming back, it needed reform but to simply delete it for a year was basically killing small biz on Cardano, and hope for opportunity. Our business arm Emurgo has all the voting power, surely they will vote YES on more business proposals with their 1B ada right?

All this to say, we need to figure it the hell out. I agree with many of your points made today but i truly think it's a top down effort. You guys set the example. When we lose focus, the entire ecosystem feels it. Let's get back to what matters and lock in. Sorry if this comes off wrong I am just super passionate and tired of not being heard by the people who have power here.

[$Patchy @PatchyCrypto]

@bigpey Will go to 0.14/0.16 , if the market continues to bleed and more dapps shutdown maybe 0.10/0.12

[$Patchy @PatchyCrypto]

Cardano is dead. It’s sad to see JPG, Taptools, and others go, but the ecosystem is ghost town. I barely use it, sold my main bag years ago, and just hold a bit on a CEX now. I miss the good old days take me back :(

[TapTools @TapTools]

After four years of building for Cardano, today we have difficult news to share.

[$Patchy @PatchyCrypto]

@Sssebi @AscendPerps Midnight has Perpetuals

[$Patchy @PatchyCrypto]

@dripshop_live @Grupo935

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[Dr. Cuadrado, PharmD @CuadradoDeFi]

Charles Hoskinson, I’m going to say this directly.

From your $ADA mountain, it might feel like you can say whatever you want, whenever you want, without consequences. But deep down, you know something most people won’t tell you: you need us just as much as we need the ecosystem.

First and clear, I’m NOT part of the @IagonOfficial team. But watching this situation doesn’t inspire respect… it raises concern. Because while some of us are building, educating, and bringing real value into the ecosystem, you’re firing inward. And in any industry, that’s a dangerous signal.

Think about what it takes for a team to migrate from Ethereum to Cardano. Time. Capital. Risk. Conviction. They bet on this network. They bet on your vision. And what do they get in return? Public attacks from the very figure representing the project.

That doesn’t destroy Iagon. It erodes trust in leadership.

This is DeFi. No one is untouchable. Not even you.

We’re in the Voltaire era now. Decentralized governance. Distributed power. A community with a voice. And if markets have proven anything over time, it’s this: capital has no loyalty—only incentives.

If tomorrow the builders, the investors, and the liquidity drivers decide to look elsewhere… the impact won’t be symbolic. It will be real. Measurable. And yes, it will reach your net worth too.

Because at the end of the day, I haven’t seen any other blockchain founder publicly go after the very developers trying to grow their own ecosystem.

And there’s still time to correct course.

[Gnojek @CryptoGnojek]

Cardano is not decentralized when the founder and three entities can just do as they please.

[$Patchy @PatchyCrypto]

@IOHK_Charles Iagon did not voted, this + jpg leaving feels like the final nail on the coffin, governance mean people can vote yes or no even if is out of anger (it was not) everyone is free to choose and share their ideas

[$Patchy @PatchyCrypto]

@CryptoGnojek Dead chain?

[$Patchy @PatchyCrypto]

@BitMonkeesBTC MOFA!

[$Patchy @PatchyCrypto]

@Yesreel_ 0.33

[$Patchy @PatchyCrypto]

@AustinTani Typhlosion was on the Epstein file 😮‍💨😔

[$Patchy @PatchyCrypto]

@adultswim Wtf so fucking stupid to cancel the show

[$Patchy @PatchyCrypto]

@melonaire

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[$Patchy @PatchyCrypto]

@stonersvilla Cancer