Intersect over time

The next step is unrestricted auditor access via Intersect to ascertain the blast radius, after which most claimants could likely be redeemed automatically on chain.

neutral Routes auditor access via Intersect to size the breach.

Working with Intersect, the recommendation is that the independent security auditor answer to Intersect's security council for objectivity.

neutral Works through Intersect on who the security auditor answers to.

Intersect failed by being 25 things at once, a governance body, a marketing org, an oversight body, and a technical steering committee.

critical Says Intersect failed by trying to be 25 things at once.

The budget is chaos because it skipped goal setting and strategy, having been designed when Intersect was meant to be the conversation space.

critical Calls the Intersect-era budget chaos with no strategy.

Intersect's legitimacy was challenged when the Foundation declined to join at inception and funded alternative MBOs.

critical Questions Intersect's legitimacy since the Foundation declined to join at inception.

He pushed CIP 1694 assuming Intersect would become that space, but missed a step in the migration off X.

critical Blames Intersect's design for a botched governance migration.

Decentralizing requires bringing new blood in so differences become pragmatic compromises, as with Catalyst, the node diversity workshop, Intersect, and the Pentad.

Intersect offers a members-based vote and the Pentad a delegated executive function, warning that mindsets of no one making money, total-community review, or not spending at low prices guarantee a loss like Algorand, Tezos, and EOS.

The nodes are unified under Project Blueprint supervised by Pragma and Intersect, so a package of three nodes plus Hydra, the languages Aiken and Plutus, and a few programs is the infrastructure funding.

His infrastructure job with Intersect, Pragma, and node builders is making sure the roads handle the traffic, which is what Ouroboros Leios, Hydra, and Peras are for.

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.

The Pentad is doing well, with the Intersect board visiting IO offices to discuss 2026 goals, and fruitful CCI negotiations on tier one bridges and stablecoins.

Contrasts Cardano's elected, community majority Intersect board with Bitcoin's anarchy and Ethereum's reliance on a small brain trust.

Each Pentad member's strength: Emurgo in Asia, Intersect as the members organization, Midnight as the commercial arm, and wants Pragma represented too.

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

The one pager with Intersect and the postmortems fight the vibe coder brought down Cardano narrative flooding Twitter.

Endorses his pub sub proposal, which would have let Intersect broadcast an emergency upgrade channel to all SPOs.

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.

He told Jack from Intersect the engineering firm deserves scrutiny, since the exploited bug had existed since 2022.

The three founding entities, Intersect, and Sunday Labs collaborated to recommend a fork to SPOs, a decentralized process with no central reset.

Coordination can run through Intersect or the Midnight Foundation, which needs Layer Zero and Red Stone, plus a cleaned up layer two.

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.

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.

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

He burned the genesis keys and built Intersect to function without him, rebutting the claim it was about control.

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.

Intersect was created as a fallback but was slowed when key people went off to create Pragma instead of helping build it.

Recalls the original plan of a technical and product steering committee at Intersect controlling the source code IO turned over.

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

Intersect is the members based, community controlled organization the Foundation was meant to be, versus the self appointing Swiss Foundation board no one can vote on or join.

People beating up on Intersect miss that it was set up to administer funds and liquidity for the ecosystem, including creating stablecoin liquidity and attracting VCs.

Executive function like roadmaps, KPIs, and budgets is now fragmented across Intersect, the Foundation, IO, and the community, and can be added back at the legislature's consent.

He fought Intersect's technical steering committee over Ouroboros Peras, which Aggelos and his team built as a finality gadget for the Nakamoto style protocol.

Tanaka of Lightning Communications tried to find the deliberately unfindable buyers and still reached two thirds, concluding Intersect exists, so deal with it.

Intersect is now members based, will have a community controlled board in 2025, and controls the Cardano node code that IO no longer owns.

Intersect members met Sri Lanka's president as a nation meeting a nation, the digital nation of Cardano, turning recent fantasy into reality.

The executive model is fast but less decentralized, and Intersect's product steering committee and Pragma are attempting a fully decentralized version.

The forfeited ADA was donated to the Intersect Dev Trust, its principal funding vehicle, with post donation use also in the audit report.

IO earnestly tried a decentralized product function with Intersect, but the same people complaining now complained about Intersect's bureaucracy, and it pushed CDC to fund a coalition so others can rise up.

People call Intersect bureaucratic yet want it running all procurement, and urges spending seven months finishing the original roadmap.

IO pushed for the node diversity workshop and for Intersect and Pragma to form, and 2025 is a transition year with the constitution only approved in February.

The video is a kickoff for the post-quantum conversation at Intersect, the TSC, and the research group, with a planned cryptographer workshop at the University of Edinburgh.

Cardano has been turned over entirely to ADA holders and he is tired of Intersect being cast as a boogeyman, insisting DReps are elected by holders' participation, not an unelected cabal, and their job under ZIP 1694 is to converge to a budget.

Recommends an intermediate binding entity like the Dev Foundation controlled by Intersect to broker IP transfer, since it is more straightforward than a smart contract for turning over and open-sourcing a company's work.

Shares a viewer's two questions: who owns the products and services paid for by the treasury, whether the broader community of ADA holders, Intersect, or another entity, and where the path to sustainability is.

He is pissed that good friends who fought shoulder to shoulder are being burned out, and turns to those pumping leaked intersect budgets on Twitter, asking what they hope to achieve.

Suggests the treasury could hold donated Cardano native assets like stablecoins or Bitcoin, and names Intersect or administrators like Brevan Howard as options for handling the reconciliation of oversight, amounts, and payment terms.

The roadmap will be ratified by info action, and the 84-page budget from Intersect will trigger rival budgets and a DRep working group consolidation like a Ways and Means Committee, taking two to three months before becoming an annual process.

A product-committee member says Intersect's product committee, functional since around September, will facilitate a community-driven 2025 and 2030 roadmap and budget alignment, no longer an IO or Charles show.

A host predicts the first action could be a new constitution proposal or a no-confidence, noting Intersect plans to publish the constitution from Buenos Aires the next morning and millions of ADA already delegate to auto-no-confidence.

A host reminds viewers this is just the beginning of governance, with responsibility now falling on ADA holders, DReps, the constitutional committee, Intersect, Pragma, and builders to keep pulse-checking the direction.

The panel recalls Hoskinson's ScotFest point that governance needs three balanced pillars, democratic consent, institutions, and constitutional representation, and that Intersect was formed carrying six years of expectations, making it instantly Public Enemy Number One.

He met TxPipe representing Pragma to discuss an Intersect and Pragma working group defining a test suite that Blink Labs, Harmonic, and any full-node builder can self-certify against, as Ethereum did with Mantis.

2025 brings the hard fork, budget, and on-chain constitution, plus the first polyglot ecosystem requiring a Pragma and Intersect working group on formal specs and test suites and hard conversations about relaxing node rigor.

Defends Intersect's bureaucracy as the cost of backfilling years of governance in under a year and bringing a multi-million-person ecosystem together for the first time, where long-silent people vent complaints that slow things down.

With Intersect, Pragma, and an on-chain government and treasury, IO is just one company with its own trajectory, and it is self-destructive to claim two entities disagreeing means the whole project can do nothing.

He thinks the ecosystem should go all in as Intersect's budget proposal will suggest, and regardless IO will finish core protocol Voltaire work, ship Midnight, build Lace, and prioritize Bitcoin interoperability.

Urges the community to participate as the January hard fork turns DReps on, join Intersect, and vote, since a yes or no on the budget matters less than participation now that everyone is armed with the history.

IO and Emurgo then built Intersect over a year, but the Foundation demanded an eight-figure sum, refused to match IO's contribution or even the mid-six-figure University of Wyoming amount, and quietly built Pragma while negotiating.

Argues that amounts to the Swiss government appointing the board, since the court-winning majority wanted to move jurisdiction and restart as a members-based organization, which Intersect later prototyped but the administrator's compromise board prevented.

Acknowledges Intersect is criticized as bureaucratic and slow because of its dual mandate to move fast while including many who have never done governance, a balancing act between competence and inclusion.

Proposes five workshop streams a year growing from 50 to 100 countries at 5 to 10 million dollars, affordable against a nearly 2 billion dollar treasury, and defends governance entities as endowed to make mistakes, citing the 10 million-plus behind Intersect.

A productive meeting with the TxPipe CEO in Argentina about a Pragma and Intersect working group on formal specifications, active extraction to Rust, and a test suite ensuring clients interoperate under shared on-chain-governed blueprints.

The Foundation instead created Pragma with closed membership, though IO contributes to Aiken and hopes to help the Rust node, and did join Intersect's Civics committee and the CIP 1694 and constitution drafting.

IO and Emurgo then created Intersect, an American nonprofit funded by a Caribbean Dev trust they bootstrapped with over 10 million dollars, but the Foundation used that Caribbean entity as an excuse not to join the board.

The Foundation was relocated from the Isle of Man to Switzerland via MME Partners, meant to move to the US to become Intersect, but the Swiss government liquidated the board and appointed non-community Swiss members still in power today.

Invites the community to talk informally with Sam Leathers, after which IO writes a CIP for the Pragma, Intersect, and community process, targeting the 2026 upgrade, alongside Plutus 4 work Sebastien is reviewing and ZK optimizations.

Proposes Intersect maintain the current Haskell 1.x client while Leios reaches an end-to-end prototype, then deploy Leios on a fresh clean-slate polyglot, event-based, microservices node rather than retrofitting the monolith.

Clarifies Intersect is a community-elected Wyoming 501c4, not an IO extension, with under six months of runway, whose survival the budget will decide as a referendum, and that Pragma remains closed to IO for now.

The ecosystem must prove its governance works through Intersect, the constitutional process, and an annual budget, or it does not deserve to run the world's systems, and the goodwill shown reignited his passion.

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.

The process is open at intersectmbo.com and Intersect has no monopoly, since anyone can propose a treasury withdrawal, and advises memorializing an annual process for flexibility and strategy.

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.

The annual budget as a pie of slices for dev, marketing, research, and legal, built by Intersect's budget committee gathering requirements through special interest groups like DeFi and CoreDev.

The interim committee terms will expire for a fully elected new committee, and that IO through Input Output and Intersect are current ICC members.

The budget process is beginning with Intersect's budget committee, and once DReps turn on in 90 days they will work with the constitutional and budget committees toward yes-no votes on spending and accountability.

He cannot wait for Intersect's budget to fund marketing to fight ecosystem misinformation, and that unlike Brian Johnson's gene therapies and Minicircle he sticks to stem cells, hyperbarics, and jungle warfare.

The prestigious University of Buenos Aires law school is secured for December's Constitutional Convention, with thanks to JJ, Intersect's Alex Banker, and the LatAm community.

Intersect as a development organization like the Linux Foundation, not a bureaucracy, holding the repos and product backlog for the Haskell node that 15-plus companies build.

Urges builders to join Intersect so that while the ledger is opened for surgery for a meta protocol like Leios, needed changes to interfaces, block headers, and data structures get discussed and turned into proposals.

Wants both protocols into an RFP state with vendors picked through Intersect on fixed-cost fixed-time contracts, expecting huge scalability demand from crypto adoption in 2025.

Builders the billion-dollar sovereign wealth fund is ready: join Intersect, form special interest groups, and solve oracles, offering to host a micro summit with Chainlink at his ranch, rather than copy-pasting cryptoland's scalability complaints.

The EDI is offensive by nature because those who measure poorly must reject it, like an honest cop among corrupt ones, and thanks the poster while urging everyone to join Intersect.

Cardano projects and ADA holders to join Intersect, become a DRep, and write a treatise of priorities, winning people over with reason, vision, and strategy rather than a dictator.

Agrees more CEX listings and stablecoins are needed and coordinated through Intersect, CIP 1694, Wyoming, USDM, Djed, and the Foundation's ongoing USDC talks.

Intersect is the members-based organization the poster wants, DReps have direct budget access via the Chang hard fork, and partner chains, Rosen bridge, and Injective-style EVM bridging already exist.

Addresses the poster's fixes: bringing USDT and USDC needs a process, input endorsers are not abandoned since a paper and team are active, and asking for a new Foundation ignores that Intersect already exists.

JJ Siler is forming an Intersect coalition of CNTs to approach exchanges collectively about any technical issues, comparing it to Coinbase's Rosetta as a one-time ecosystem integration cost.

Anyone wanting to become a DRep to join Intersect and go to sancho.network for the information.

Gives a Cardano update: the SoRVaR progress report, an Intersect workshop in the UK led by Tam with the Civics committee, product functions now at Intersect, and budget, constitution, and SanchoNet discussions.

As the muscle strengthens the conversation broadens to ecosystem growth, education, marketing, and nation-state adoption, raising whether Intersect is monolithic or an umbrella like the Linux Foundation.

The repos and product function now sit at Intersect, whose committees will own the roadmap subject to the CIP process and the tripartite on-chain government.

Asks whether the Cardano budget should fund marketing and adoption at 5, 10, or 20 million a year and where the diminishing return lies, with Intersect set to recommend a budget.

Intersect is building the decentralization index, a metric the venture-capital class undervalues because decentralization does not correlate with market value.

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.

Praises the goodwill at the Intersect Civics committee and the good people across Ethereum, Polkadot, Algorand, and Bitcoin, urging focus on common humanity and never being afraid to speak out.

The Intersect Civics committee is pursuing an algorithmic representation of law, aiming in 2024 to develop a domain-specific language that expresses law unambiguously.

On Lace, says they acquired Nami and want it merged in as a beginner Nami mode, for now running parallel tracks that will intersect.

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.

Core research must be a hundred-company effort like Linux, which is why Intersect was formed to own the repos, specs, and product backlog, with the info action and open treasury enabling budgets.

CIP 1694 and Intersect exist because it is easy to attack one guy but hard to attack a movement, as Satoshi foresaw by leaving and as Vitalik is enduring now.

Frames Intersect as an aggregation point to bring in good ideas from Polygon, Solana, Polkadot, Algorand, and Ethereum, to deliver economic identity to a billion people and a governance and financial operating system for nations without one.

The project structure gives DApp developers a place to plug their repos into a broader collaborative structure like Hyperledger, with Intersect mastering the management of these concerns.

Stresses Intersect is built and run by the community, with IO seeding buckets and institutions with ideas and capital to bootstrap, but the community owning it as a custodian of knowledge.

It is easy for community members to join the not-for-profit MBO, with over 200 already joined and the organization growing.

Distinguishes what CIP 1694 does, acting as the government of Cardano that grants permission for hard forks and authorizes CIPs, from Intersect, which is the execution vehicle that gets things done.

Working groups at Intersect will take over the tribes' function, with IO tribe leaders joining and community groups from NFTs, DEXes, and Cardano DeFi joining, and the backlog moving over as a suggestion.

The IO repos will move to Intersect over the summer with a new governance structure, and that IO organizes work into tribes each covering a concept like smart contracts, core technology, or identity.

Intersect is the name given to the Cardano members-based organization, an aggregation hub the community can rename, owned and run by its members.

Opens July 29th 2023 with a whiteboard on Intersect and how the codebase will transition from the Input Output repos to it.

As things move to Intersect the core node, network stack, and smart contracts get the same public working-group treatment, an enormous lift that preserves the 2,100-day uptime and the principles.

Says Intersect, the members-based organization, has been announced with over 200 members joined, and promises a whiteboard video on moving code from the IO GitHub repos to Intersect.

Boston Dynamics and General Dynamics robots plus GPT-3 and GPT-4 brains will intersect into agents with human dexterity and a laborer's brain that can replace or augment fast-food workers, truckers, and construction crews.