2026-06-02
TapTools
- Reacting to TapTools winding down after losing its CTO and COO, he frames it as the start of a wave of Cardano project failures in a bad market.
- He insists he has no agency to fix it: no governance keys, no treasury access, not even the Cardano trademark, since all the growth funding went to other entities.
- He lists rejected rescue ideas, a sovereign wealth fund, the Pentad, and an index fund, all blocked by community or DRep opposition to commercialization.
- He rages at the deranged professional victim class whose only goal is to make ADA go to zero and prove him a failure, and calls for their exile.
- He demands the ecosystem pick leadership, executive function, and a strategy, floating a proof of burn to launch a new Cardano as the nuclear option.
32 entries
Reads the TapTools statement announcing it will wind down operations over two weeks after years of building alongside the Cardano community.
TapTools grew from a small project into a platform serving over a million users and hundreds of projects, before losing its co-founder CTO and COO in 2026.
TapTools could not replace the departing new CTO's technical knowledge overnight as infrastructure, development, and support costs remained challenging.
Reads TapTools staying open to acquisition, and says it was part of his daily ritual, marking where the ecosystem is amid a brutal market.
He warned early in the year that projects would collapse and proposed an index to bail out the ecosystem, but it was never executed, after already losing JPEG Store.
He could buy failing projects as he did Nami and Blockfrost, but the community votes against commercializing them with the treasury.
Warns the second half of the year will see more DApps and DeFi die, with Draper likely investing in new things rather than the old ones that are not investable.
Asks what agency he even has, since he holds no governance keys, cannot initiate a hard fork or parameter change, has no treasury access, and does not own the Cardano trademark.
The billions in ecosystem funding at the all-time high went to separate entities, not to him, so he asks how he could be expected to solve this.
He proposed a sovereign wealth fund converting ADA to stablecoins for strategic investment, but Cardano Whale and others said it would destroy ADA and then left.
The Pentad secured LayerZero, Circle, and other long-requested integrations but was harshly criticized, and a committed stablecoin mint by another entity never happened.
Every rescue attempt is attacked: the index lost funding to a VC, and acquiring failing projects gets him accused of centralizing the ecosystem.
He makes the video because he cares, and watching TapTools fail hurts his soul in a lose-lose situation he predicted but has no power to stop.
A deranged psychopathy has infected Cardano, a growing chorus like Josephine and Monad whose only purpose is to kill him and spam rot on every post.
TapTools failing is years of caring people's lives, not just a platform, and asks whether the critics simply want to destroy Cardano to prove it was bad.
The reward for trying to get people to invest is a weekly failure tweet, since the voters and their DReps decide funding these projects is a waste of money.
The culture is untenable: people reject commercialization yet punish everyone when it does not happen, while denying Cardano is a ghost chain.
DReps to set egos aside and ask what the plan and incentives are, noting IO delivered the technology like Leios but strategy above it is missing.
Asks what you build with if the only strategy is holding treasury ADA hoping it appreciates, while DApps and utilization keep dying.
New passionate builders would walk into a den of vipers waiting to burn them down, and the community needs a schism between builders and non-builders.
KOLs are afraid to market proposals after being attacked, and every treasury commercialization program is an enormous lift to strong-arm through 2/3 voting.
He can no longer solve the problem, having given advice taken and untaken, and will only build with the parts of the ecosystem that welcome him.
Tells delegators to check whether their DReps are part of the problem, and says perpetual cynics whose goal is to take your bags to zero should be exiled.
Floats the nuclear option of launching a new Cardano via proof of burn, leaving the toxic posters behind in a dead chain with no volume.
Commercialization needs real financial commitments honored, not words, and he is tired of diplomacy and empty calls for unity without money on the table.
A proof of burn would also reset the tokenomics and endowed entities, and floats it as food for thought to force a strategy change.
He is tired of managing a decline and being blamed when he lacks the keys, treasury access, trademark, and endowed growth funds to change it.
The entities he created to endow power are dismissed as IO proxies while their allies are starved of funds, so no one can move forward in the miasma.
The economic reality, not him, is driving good people out weekly, while a professional victim class attacks then cries when IO hits back.
The stakes are real, billions of dollars and years of people's lives and careers, not a football match, which is why he gets passionate and pissed.
Asks who will save the failing projects when the Cardano Foundation cannot even restart Catalyst funding and the ecosystem is at the NCL.
Closes with a call to action for the ecosystem to take a week, demand change, and consider constitutional, executive, treasury, or even protocol fork options.