Drama and FUD with Governance

Opens March 15th 2023 to address CIP 1694 drama, since people take Twitter claims at face value, noting a workshop just improved the CIP over the November proposal.

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.

The open process added governance action number seven, an oversight in the original design, with attendees like Pi from SundaeSwap and Andrew Westberg contributing diverse opinions.

Shows a FUD tweet claiming vote-or-lose-your-rewards and that the community was shut out of a closed-door meeting, when the outputs are public, so it is not real conversation.

Explains where the mechanism came from: how to hold a vote of no confidence in the whole government on a temperature scale where more disagreement shuts down more government power.

Uses a US analogy where, with 9 percent Congress approval, a rising no-confidence vote stops discretionary spending and eventually triggers a total recall kicking everyone out, like a thermostat shutting off when too hot.

Explains that if you stake ADA but do not want to join the DRep system the protocol must know you abstained, like Binance staking customer funds, so claiming rewards requires pulling one of three levers: delegate, abstain, or no confidence.

The DRep system is a superset of the current system, which is 100 percent abstention since you cannot vote today, and it is not forcing you to vote but adding a flag for direct democracy, since rewards are for work not entitlement.

Urges people to go above the fray by reading CIP 1694 themselves instead of taking a tweet or agent-provocateur video at face value, since there is real nuance and balance in this minimum viable governance.

The tripartite model that counterbalances plutocracy, with a term-based constitutional committee that may hold no ADA and the 70 percent stake-pool-operator threshold for hard forks rolled into the CIP.

The reality of democracy is that most people do not care, too busy with bills and family, so the highest political participation is the elderly and wealthy who have the luxury of time.

The system balances activism and apathy so you can be an activist, ignore it, want it to burn via no confidence, or delegate to competencies or a political party like a stake-pool-operators party.

Community tooling for direct democracy where DReps have a pub-sub channel and vote dashboard, push polls in a digital town hall, and can be fired by clicking to another, plus delegation portfolios and DRep parties.

The system must know you abstained because a majority requires registration, since if two-thirds of ADA sits in cold storage without signaling you could never reach a 50 percent threshold.

Clarifies the difference between an absolute and a relative majority, warning that without a signaling mechanism for active voting stake, anything requiring a majority of all stake may be physically impossible to pass.

An abstention mechanism tied to delegation lets you know the 74 percent active stake falls into a category and assume the rest abstains, and that every democracy has a registration step with no KYC.

From a UX view abstain is the default under the hood unless you delegate, just a reversible flag, which gives a no-confidence mechanism for direct democracy against any part of the government.

Connecting it to rewards ensures high participation of the delegated stake, and that it is a lie to knowingly misrepresent the feature, like claiming a pro-gun person wants to ban all guns.

Argues the signaling system future-proofs the protocol with no downside since it is hidden from UX, whereas without it you lose the no-confidence capability and risk a small 10-to-20-percent group gaining total dominion over the reward function, K parameter, and treasury.

Connecting to staking rewards gets about 70 percent participation as people engage to claim ADA via abstain, participate, or no confidence, and that the enemy of good is better since the goal is minimum viable governance that upgrades itself.

Compares it to GPT-4 training GPT-5 recursively, imagining a diverse governance class of thousands worldwide funding thousands of ideas, a superpower no cryptocurrency has.

A government of dozens of countries makes Cardano near-unstoppable and resilient, like China banning Bitcoin doing nothing because it is decentralized, with the model improving yearly as political parties form.

Cardano's governance is the chance to stop complaining and do something, and the government designed here could become better than any representative democracy, built on a foundation of integrity and honesty.

Waiting five years for a perfect system is not an option, and points people to the CIP 1694 repo as the source of truth with workshop resources coming via Cardano 360, a testnet, and community tooling.

Ratification unlocks the best government in crypto, the treasury, and everyone's potential, going for number one, since an army that size cannot be beaten or taken down.

Critics who push Cardano while disliking Charles that they can now say management changed, since great things like Voltaire outgrow their builders and become the most meaningful thing the ecosystem will do.

All of crypto is watching whether the community descends into personal destruction, demagoguery, and FUD or holds a deep intelligent conversation, noting attendees traveled from Singapore and Norway.

Insists 1694 should not be designed in Colorado or the UK, and that the people of Ghana, Senegal, South Africa, El Salvador, and Brazil deserve a say, with no private closed-door meetings.

A video with Jared explaining the CIP line by line is coming, plus Cardano 360 summaries from 1,600 pages of content and a special livestreamed event with attendees.

Closes that attendees will host workshops in their countries, aggregating into something significant with a testnet, tooling, and pioneers, the community working together for a common good rather than a closed private process.