Cardano Foundation over time

Stake pool operators and builders can join at musashi.network, with documentation and a faucet, thanks to Blink, the CF, and the Amaru team.

Four videos on the governance Discord spawned a straw man conversation from people like Adam Dean and the CF's Nicholas, attacking a power grab that is not being proposed.

The recurring 1090 BTC allegation was simply the March 2016 Cardano Foundation audit fee, about 400,000 dollars when Bitcoin was 414.

The Cardano Foundation came in aiming to make governance so toxic that Charles leaves, damaging the ability to form common goals.

critical Accuses the Foundation of making governance toxic to push him out.

His biggest career regret is inadvertently creating a Cardano Foundation structure that ADA holders cannot hold accountable at any level.

critical Calls the Foundation structure his biggest career regret.

Second, an exodus from management that shrugs as JPEG Store and Tap Tools fail, pointing at the Cardano Foundation community lead's tweets.

critical Points at management shrugging as JPEG Store and Tap Tools fail.

Asks who will save the failing projects when the Cardano Foundation cannot even restart Catalyst funding and the ecosystem is at the NCL.

The vision was laid out after months of talks with IOG, Plutus, the Cardano Foundation, Emurgo, and builders, and the nine proposals cost half of the 2025 draw.

Praises the four other core entities, Phil from Emurgo, Jack from Intersect, Frederik Gregaard from the Cardano Foundation, and Fahmi Syed from the Midnight Foundation, for acting well in unfair negotiations.

Everyone in the Pentad is at a loss, with the CF, Midnight Foundation, IOG, Emurgo, and Intersect facing out-of-pocket costs and multi-year liabilities, while IOG is not even a signer yet its leadership still expects reimbursement.

After the fork incident they created a Pentad of five entities: the Cardano Foundation, Emurgo, Input Output, the Midnight Foundation, and Intersect.

His harshest critics include the Cardano Foundation, yet they can still work together in a war room, which is how a free society should work.

The sins of the father are not the son's, so despite his grievances he will not force his Cardano Foundation views on independent organizations.

Proposes the Midnight and Cardano Foundations collaborate on the Reeve project by adding a selective disclosure and privacy layer to its Java ERP.

The Midnight Foundation will be an active DeFi participant, unlike the Cardano Foundation, bringing TVL, with RealFi the sleeper nobody sees.

The hot warm cold peer system reverted nodes to trusted Emurgo and Cardano Foundation bootstrap peers, which slowed the pig chain.

The Cardano Foundation's canary transactions measured inclusion delays spiking to 450 seconds before converging back to 20.

IOG, the Cardano Foundation, Intersect, exchanges, and SPOs chose the more restrictive chicken chain over the faster pig chain to avoid a week of off chain wallet and explorer disruption.

Overnight IOG, the Cardano Foundation, Intersect, exchanges, and SPOs upgraded to the patch in a war room call fest.

Asks how many CF tweets there are about Midnight, the largest project in Cardano's history, calling it cutting off the nose to spite the face.

The Midnight ecosystem group offers white glove DevX from hackathons to Series A co-investment, fixing what Emurgo and the CF never did.

The CF never defined what next level means, and should consult the industry, A16Z, Draper, Ark, and Pantera, for a top 10 KPI dashboard.

Only a community elected board with objective KPIs and an annual roadmap fixes the CF, firing executives who miss and rewarding those who hit.

Recounts three years of CF duplicity: creating Pragma behind their back, the Linux Foundation exclusion, and silence on the ADA vouchers.

Summit attendees to ask the CF where Circle is and whether it will put 100 million on the table, or change its structure and donate the money.

He cannot stop anyone building on Cardano's permissionless system, and the CF, given 600 million ADA, should negotiate the stablecoin integrations.

Contrasts the hungry, deal making Midnight Foundation with the CF's lack of hunger, so the CF cannot be the growth entity.

IO does the blockchain to blockchain deals the CF will not, going to Near Protocol for Near intents and a path to Chainlink.

Criticizes the Cardano Foundation for zero tweets about Midnight's partnerships and the wealth transfer to ADA holders.

The fix already exists in Intersect, Midnight, on chain governance, and the treasury, so the answer is to just pretend the CF does not exist.

The CF incentivized parallel nodes without coordination, so if Leios ships but 40 percent of the network is on unfinished nodes, the fork must wait for them.

CF board members collect large salaries with no financial upside, hedged in Bitcoin, and created Pragma and node diversity to break the IO monopoly.

The CF has mastered doing nothing that looks like something, with no deals with Uniswap, Aave, Chainlink, Binance, or Kraken, only a wine event in Georgia.

Emurgo and IOHK created Intersect, community funded with a majority elected board, the product function, and the GitHub repos, but 600 million ADA stays trapped at the CF.

He told Fred, via Jack, that renewing relations just requires community elected board members, but the CF says there is no path to community oversight.

The new CF board is neutral to hostile, and Dirk's Linux Foundation deal barred IO from the product committee while letting unconnected companies run the roadmap.

The trifecta origin: IO took science, the Foundation took governance, and Emurgo took commercialization funded by the 72 million ADA sale.

DevRel is missing at the CF and Emurgo, and helping builders gets misused as a Charles endorsement, so developer engagement must change.

Plans a Cardano Pavilion bringing the top 50 to 100 projects, community events, and investor dinners, cheaper than the CF Summit.

The red line with the CF is their unelected, unaccountable board, and IO fights for the community's money, not Swiss control.

Marcus from the CF spread the false claim that Intersect received 300 million ADA, which the audit report will disprove.

The industry has gotten too in love with drama, and his CF disagreements make his job harder even though he has moved on.

The CF refused to join Intersect's board over its Cayman connection, denying full steering committee participation.

The CF's deal barred IO and him personally from the open source project, forcing Emurgo and IO to create Intersect.

The Cardano Foundation was meant to be that members organization but chose the Linux Foundation and, after hiring Durk, barred IO from joining.

Advises builders to find their ecosystem interfaces, Rafa at the CF, JJ at IO, Phil at Emurgo, and start small like a Twitter space, not a marriage proposal.

Abu Dhabi offered to change its law for the CF to become an ADGM DLT foundation with incentives, but the CF stays in Switzerland with personal liability.

The Leios CIP was delayed because the person writing it was hired by the CF to build a competing client, so a captured organization derails progress.

Marcus's ADA redemption tweet was retaliation for being yelled at when the CF tried to derail the constitutional convention with its own constitution.

Recounts again the Swiss administrator forcing the board choice, arguing the CF's personal liability structure handcuffs it from taking risks.

Rebuts the CF, saying Midnight had to spend 23 million on custodians like Copper that the Foundation should have paid for.

IO commissioned a forensic audit of the ADA voucher program, with a website releasing the AVVM software, the original CF audit reports, and the 108,000 Bitcoin reconciliation addresses.

Reiterates the CF address represents undue burden and harm because it would derail governance and its ADA ownership is questionable.

The report will be damning for the CF's repeated recusal, which pretended Cardano was an immaculate conception with no founder or Genesis ADA.

Marcus attacks the budget on Twitter though 75 percent voted for it, and the Swiss takeover of the CF board felt like a changed donation deed.

Intersect was his vision for what the Cardano Foundation should have been, a members organization that just needs 600 million in assets.

The Cardano Foundation sits on hundreds of millions yet makes no deals, when it could simply hire account managers per ecosystem.

The Cardano Foundation was barred from claiming Night tokens because it would be adversarial and its ADA ownership is unclear under Swiss control.

Rick McCracken took the CF side after the blowup and never supported him on the 600 million ADA issue, a case of ego.

The CF deploys none of its endowment into TVL, so the treasury is the backup, but every touch takes 6 to 12 months and 40,000 opinions.

The CF could have secured Circle in five minutes by committing to mint 100 million and put it to work, and Cardano would have had it two years ago.

He had dinner with the Franklin Templeton CEO and Dan Loeb at the Milken Institute in 2022, and is glad the CF picked up that contact, since Midnight, Cardano, and Bitcoin form a triumvirate.

The report reveals the history of mom and dad, with IO and CF conflicts dating to 2016 emails, each story a permanent lesson for future governance.

The CF refused to fund from its endowment, and the unredeemed canceled transactions go to a refund pool likely bound for the Japanese government.

The CF was meant to be the members based audit and oversight hub but became a self appointing board asked many times to handle the voucher cleanup and refusing.

Answers the moved goalpost about unclaimed ICO ADA funding another organization, noting the TGE entity funded the CF, IO, and Emurgo.

Joel Telner discussed these things with the CF in Switzerland, and all IO asked for was one tweet.

Andreas the CF is living in the house he built and failed its leadership test by not helping the buyers it had audited.

IO had no legal obligation and could have recused itself like the CF did, but that would have left buyers unpaid.

All he asked was for the CF to confirm it was aware and that the 300 million theft claim is untrue, since off chain facts need a trusted auditor.

The sweep moved redemption UTXOs into a custodial account and made remaining buyers redo compliance, with the CF aware in the Slack channels.

IO tried to get the old CF leadership to take over redemption since it had audited the KYC and knew every buyer, but it declined.

Shows a petty tweet from CF COO Andreas Fletcher telling him to solve it himself or call Fred.

A coordinated brigade, amplified by Ethereum influencers, claims hundreds of millions in ADA was stolen, and a CF tweet would cool it down.

His chief legal officer and chief of staff called the CF with a simple request: tweet that they were aware of the ongoing post sweep redemption.

Shows a March 2 2017 CF internal assurance audit of the tranche 4 token sale, to be handed to the auditor with Slack and email records.

IO built compliance software for Attain while the CF verified Attain's KYC, all to be released in the audit report.

The CF sits on a 1.5 billion treasury like a dragon on gold, and calls the half budget move pettiness and viciousness from unelected bureaucrats, not strategy.

Recounts warning everyone in December that the CF would cut IO's budget in half knowing it meant operating at a loss, then it did so and went to Japan to sell it.

Cites a PulseChain-community video pushing a fraudulent legal letter falsely attributed to John Deaton, claiming he and the Cardano Foundation want to take down an ADA token on PulseChain.

The duty of constitutional committee members is to spotlight on-chain governance, and welcomes anyone filing a resolution of discontent against IO and CF to prove the on-chain system is above everyone.

It is tiring after three years and that Rick, as a Guardian of Cardano, saw it firsthand, questioning why the closed CF matter now becomes a claim that the ecosystem cannot make partnerships.

Says this could have been a private call but Rick made it public, and explains the three-year fight is a fundamental philosophical difference: IO believes the Foundation should be community-led, which it has publicly said it will never be.

Reads Rick's tweet asking why, if Charles, Tamara Haasen, and Fred cannot build a lasting relationship between IOHK and the Cardano Foundation inside the ecosystem, anyone should expect them to partner outside it.

Reiterates that saying the Swiss government replaced the Cardano Foundation board is factually accurate, recounting how founder Michael Parsons moved it from the Isle of Man Digital Asset Foundation to Switzerland before doing things that made people uncomfortable.

Calls the Cardano Foundation the biggest anomaly, started wrong when Michael Parsons brought friends in and incorporated it as the Digital Asset Foundation in the Isle of Man under its 2015 DLT-friendly law.

Recounts going to Davos once with the Cardano Foundation's Nathan Kaiser, finding the World Economic Forum a class system of $100,000 tickets, private jets, and hypocrisy, and never returning.

The constitution grants no special provisions to IO, the CF, Intersect, or Catalyst, so they live or die by effectiveness, and the community can defund Intersect or Catalyst, though the CF can only be excluded since it has its own treasury.

For the first time the ecosystem can fund a marketing and branding coalition and growth-hacking, with an Intersect marketing committee, alongside institutions like the CF requesting funding as SIGs.

Opens April 3rd 2024 on voting and identity, prompted by a Blockchain Life Dubai conference poll the Cardano Foundation tweeted, which blacklists him and lists no Cardano projects except SingularityNET.

Debunks the FUD that IO and the CF paying 10 million would instantly bring Circle, and suggests the ecosystem could instead build a more competitive stablecoin with Circle convertibility for far less.

The Cardano Foundation manages exchange relationships and liquidity is fine, but the real question is getting Cardano native tokens equal listing consideration with ADA; notes eToro delisted ADA only in the US.

The Davos story from 2020 with the Cardano Foundation's Nathan Kaiser, struck by the badge-color classism ranking your access to Klaus Schwab.

The second pillar, institutions like the Cardano Foundation, Intersect, and IO, whose job is to turn complexity into simplicity as a budget, roadmap, and priorities.

He did not staff the independent Cardano Foundation or Emurgo, and that input endorsers would significantly change the monetary policy and emission schedule.

Invites them to Intersect, noting the study gave him his first Cardano approval rating at 85 percent while the Cardano Foundation scored about 18 percent among the NFT sample.

Says if CIP 1694 does not pass he is out of ideas and IO will burn its genesis keys, leaving Emurgo and the CF to decide, since any deviation regresses to a more centralized or radically divergent state.

Shows the Ken Kodama and Manabu Mezaki signatures, and confirms IO controls three keys plus two delegated from Emurgo and two from the CF, a 3-2-2 model operating since 2019.

Shows 11 people from IOG, the CF, and Emurgo signing a well-formed update proposal submitted to the network, with weeks of latency.

The seven keys were distributed 3-2-2 to IO, Emurgo, and the Cardano Foundation, needing five of seven to upgrade after a social process, the Shelley federated governance model.

The Cardano ambassador program is a CF program that should be deprecated and moved to a voted onchain process with a slice of the Cardano budget funding it each year.

Insists the genesis keys are not hidden: a 3-2-2 split among IOG, Emurgo, and the CF, with an offchain and implicit onchain governance structure and no hard fork until 70 percent of SPOs upgrade.

Runs through the workload: CIP 1694, the Rare Evo and nft XLV summits, an upcoming Cardano Foundation Summit in Dubai, 50-plus community events, and an Ouroboros Peras workshop in Scotland.

The CIP process is inclusive and managed by the Cardano Foundation, and that adding firms is easy so the treasury can fund specialized firms to accelerate the roadmap.

Walks the map of worldwide 1694 workshops: California, TAM Cardano across six Latin American countries, Wada Global with Mercy in Ghana, Kenya, Addis Ababa in Ethiopia, Johannesburg, Japan, and the Cardano Foundation near Zurich.

Calls Hydra the best open-source program in Cardano with flavors like the tail and head-to-head protocols, over 40 people per meeting, and the Cardano Foundation co-developing it.

The Cardano Foundation is moving toward certified education, and he hopes for on-chain blockchain certificates, building on the Plutus Pioneers, Prism Pioneers, and Marlowe Pioneers programs.

IO is hiring community managers and especially a senior Dev Relations lead, and that the MBO and Cardano Foundation also have community roles.

The process where workshop attendees and community members will host CIP 1694 workshops worldwide over months, aggregating into a final July workshop, with the Cardano Foundation CIPs repo as the source of truth.

Cardano is on the rebound with four things, UTXO-HD, peer-to-peer, Genesis, and 1694, wrapping a seven-year agenda, then input endorsers, side chains, Mithril, and recursive snarks, while Hydra meetings grow with MLabs, SundaeSwap, the CF, and Obsidian.

On Switzerland seeking a decentralized digital identity, if anyone will build it, the Cardano Foundation is the natural fit.

No single entity runs the show: not IOG, not Emurgo, not the CF, so doing better is everyone's collective effort.

He heard the Cardano Foundation was disinvited from events at the Algorand Foundation's request, and that the pettiness hurts collaboration on things like a post-quantum VRF and threshold signatures, given Algorand poached IBM's Tal Rabin group.

Nearly 50 contractors from the CF and IO have worked since February building the org, with a September announcement detailing its governance, technical, growth, and CIP committees that decide roadmap and strategy.

After workshops with the CF in 2022 they are moving the bureaucracy from the ephemeral tripartite structure to a merit-based members organization, and that the CF hired Dirk, a Linux Foundation co-founder who worked with Linus Torvalds and deeply understands open source.

Admits the tripartite structure was never perfect, citing the challenging Michael Parsons era at the Cardano Foundation, and that he always wanted a members-based organization to run governance that the Swiss foundation structure did not suit.

Protocol governance covers initiating the hard fork combinator, parameter changes, and treasury management, and that Cardano started with a tripartite structure of Emurgo, CF, and IOHK each owning growth, governance, or tech.

Closes noting dcSpark's Milkomeda and Flint work, Tim Harrison leading ecosystem development, the Cardano Foundation running its first Cardano Summit, and several flavors of Djed for algorithmic stablecoins coming post-Vasil to boost TVL and microfinance.

In Switzerland he met the Cardano Foundation deep in the weeds on governance with a joint open-source announcement coming, and that Consensus in Austin June 9th to 12th will have a large Cardano pavilion.

On ISO 20022 and Sharia compliance, says a small group is looking into the certification standards as a likely Cardano Foundation work package, noting Algorand is already compliant.

Says unlike adversarial communities Cardano's is friendly and collaborative, with over 500 dapps under construction, millions of assets, and TVL growing fast, and notes the Foundation came to Dubai to represent the mission with more to come in the 360 episode.

Opens March 7th 2022 with Cardano Foundation leadership and senior management in Colorado for a week of workshops on structuring a better open-source project for Cardano.

The Cardano Foundation's 25 million dollar marketing budget and frames marketing spend as donations that explain the vision, like the Africa initiatives.

IO is hiring seven full-time marketers for the community and dapp ecosystem reporting to Tim Harrison, working with Ben O'Hanlon and CMO Adam, and wants the Cardano Foundation to do the same.

Plans a January trip to Zurich to push the Foundation on open source infrastructure spending, including bug bounties.

Points builders wanting to help with documentation or SDKs toward Catalyst and Cardano Foundation funding, both holding over a billion dollars.

Fans to lobby the Cardano Foundation for a Ledger Live grant.

The Cardano Foundation's 25 million dollar 2022 budget and plan to staff up to nearly 100 people.

He loves Switzerland where the Cardano Foundation is based in Zug, comparing Colorado's Telluride to the Alps.

Plans for smart contract developer certification with the Cardano Foundation.

Cardano isn't talking directly to the Indian government but leans on foundation council member Manmeet Singh's local expertise, with Catalyst funding local entrepreneurs in closed markets.

Lays out three Cardano Foundation missions: drive adoption, enable community decentralization, and provide resilience and compliance.

Her first three months clarifying the Cardano Foundation's mission and value proposition amid the transformation.

Introduces Eva Oberhauser, the Cardano Foundation's chief growth officer, on its renewed mission as smart contracts open Cardano to business.

Praises the Cardano Foundation and Fred's communications work, noting they have plenty of dry powder to deploy in 2021.

supportive Praises the Foundation's communications work under Fred.

Looks back on the uncertainty and setbacks along the way, including friction with the Cardano Foundation and Michael Parsons, and project managers who didn't work out, plus the risky choice to build in Haskell.

Apply the Halmos method to Cardano itself: announce the plan to build it, deliver it with contributors across Japan, Korea, and Asia plus three core entities, release it in September 2017, and keep shipping hundreds of updates over four years.

Confirms his Africa strategy runs local and in parallel with the Cardano Foundation and Emurgo's separate efforts.

Wants Ledger Live staking support but says commercial negotiations with the Cardano Foundation have been slow.

Mel from the Cardano Foundation details the tamper proofing mechanics: SHA-256 hashes and digital signatures for data integrity and attribution.

Introduces Jeremy Firster of the Cardano Foundation, covering his corporate banking background and move into blockchain policy work in Taiwan.

Clarifies the Cardano Foundation has no cash flow from the Cardano protocol itself, just as Bitcoin and Ethereum foundations don't; the foundation is an accelerator, not a requirement for the protocol.

Introduces Ava, the Cardano Foundation's new chief growth officer, and her path from financial services and DLT research to discovering Cardano through Charles Hoskinson's whiteboard presentation.

Teases upcoming guests: the Cardano Foundation's new chief growth officer, a Catalyst update, and a Wyoming hackathon winner.

Wants to expand the federation of companies building Cardano from five to twenty or thirty by 2021.

Open the October monthly show and preview the agenda: Shelley delegation updates, Goguen news, partner segments, a Wyoming hackathon guest, and a new Cardano Foundation team member.

Favor the Cardano Foundation creating optional SPO certification tiers shown in Daedalus pool metadata.

Recalls the Cardano Foundation's cease and desist letter over the Ethiopia government MOU press release as the kind of overreach he would fight.

Corrects the record that the Cardano Foundation does not own or control Cardano, recalling how Michael Parsons once acted like a unilateral chairman over the ecosystem.

Voltaire will have systemic influence not just on community funding but on the platform's whole direction, first the Cardano Foundation roadmap and later every aspect, like a giant community brain.