Cardano Power Struggle: Charles Challenges Foundation Leadership & $ADA Budgeting!

[@DappCentral]

💌Thank you for watching Cardano Community, I really appreciate it! 😇If you'd like to support the channel while earning $ADA, consider delegating with the DAPP stake pool!

[@hootans.4293]

Charles often complains about people not voting, but when I speak to many ADA holders, I’ve found a few key reasons why this is happening. First, there's a significant lack of awareness about the voting process. Second, even when I walk them through it, many find it too complicated and overwhelming. A lot of people simply need clear instructions on how to vote, step-by-step. Another concern I’ve heard from a number of holders is security. Many are worried about potential hacks or don’t trust the apps they’re using to vote. Some even hesitate to vote from their phones because they’re unsure whether they’re using the right app or are concerned about security risks. If someone could simplify the voting system and provide clear, easy-to-follow instructions on how to vote securely-whether on a phone or computer-that would be a great first step toward increasing participation.

[@Eric-s1q6k]

Hi

[@FesteringRatSub]

I 100% agree with you, I went to vote and it all got to complicated and I have been in Crypto for 5 years.

[@jriceland]

A fresh born healthy child is not cute like 2 month later. Same here. Charles give pressure to CF because catalyst 13 show up with structural weaknesses but the reaction of CF is serious and supported by many good proposals from community like 3F. Sure a technical option to give a Dex the included voting power of my ADA is a simple way for brighter participation and decentralisation in voting system and catalyst rounds. Cardano will solve it. I can see it. After solving Charles will give more patience in a critical moment I m sure. He must learn to live and trust giving up his power to community. Is not easy and need some days too.

[@paysami]

+1

[@Sec_coach]

Charles is an amateur cannot understand it😂

[@jamiexchanful]

2025 comes around we need start to advertise Cardano to the masses. Advertise voting and much more. Get people aware and engaged.

[@robertwilliams7718]

This is a huge issue ATM.. Charles knows it only to well... You can have the best thing in the world... If no one knows about it it means Jack shit. This goes for every branded product out there. It's a fact

[@scroogemcj7851]

100% facts.

[@FesteringRatSub]

Cardano needs to make it easier to vote.

[@patrickodonnell9669]

They need to make it easier for people to participate in voting I’ve tried a few times and find it pretty difficult

[@Jadeite12]

This and the previous fund I registered and them when the voting began - your wallet is not registered 😒😒😒

[@sagunsh9007]

@@Jadeite12same issue, i think you need fresh register every time. I use Yoroi wallet.

[@yunuskarakaya9519]

Cardano ADA 🚀🚀🚀

[@yunuskarakaya9519]

❤❤ Cardano ADA ❤❤

[@FesteringRatSub]

We need an interview with CF leaders.

[@HeinousHaggis]

Catalyst needs to be way more simplified if they want the majority of ADA holders to actually vote. Its a logistical mess the way its setup currently. They need to copy ATOM / Cosmos voting template. Regarding the CF, personally I wish all three entities would dump the majority of their ADA so it could be belter distributed amongst the community anyway. Whales in any system are not great as is being seen with Blackrock and MSTR in BTC now, but humans and greed is a tale as old as mankinds beginnings

[@gordyhydro5774]

It's early days yet surely. I am 63yrs old and dont understand the voting system. But i know nothing happens overnight. I had it in my head my drep votes for me on my behalf. We need some help in the voting process Farid! Keep up the great work.

[@sambanks1425]

Great breakdown of the drama

[@FXPhysics]

Wasn't avoiding this kind of circus the whole point of Voltaire?

[@Jadeite12]

That's the thing. CF doesn't seem to be on board with the principles of Voltaire. They don't want to give up power.

[@DillonKirk-i4p]

@@Jadeite12 either pass a constitutional amendment that founding entities cannot vote on budgetary matters or STFU

[@Knifey-McBlade]

​@DillonKirk-i4p who tf are you talking to? Lol seems like its you who should be doing something or maybe being quiet instead

[@DillonKirk-i4p]

@@Knifey-McBlade I was talking to ya momma

[@schwajj]

⁠@@DillonKirk-i4poh snap! 😂 Enforcing might be tricky: if CF wanted to, how would you prevent them from moving ADA to other wallets and voting with those?

[@MAeStROxr]

You're the one to follow, I need your content as important news aggregator, since I can't go around looking for the stuff all day long. The most important kind of news are the power dynamics sort of news, since they dictate if Cardano succeeds or fails as a decentralized eco system, if any one party becomes too strong I want to know about it.

[@joselenisolidum3158]

NO ONE is voting because it is COMPLICATED and CUMBERSOME. Period. 😢

[@brodyalden]

Thanks Farid

[@LipovBog]

Governance is not easy at all. The struggle was to be expected I believe.

[@Invest4Cashflow]

Thank you dapp crypto master

[@DappCentral]

@@Invest4Cashflow thank you too my friend! 🫂

[@sevenout67]

Appreciate you Farid. Here is what I'd like to see from Catalyst funding. The average guy who knows some but not as much as insiders....would like to see proposals either given in easy to follow videos and-or without all the crypto jargon that the proposals are chalked with. Some of the proposals are written by developers, for developers. So many regular holders end up not participating because we have no confidence (or time) to read all these jargon filled proposals. I'm a fairly good size holder, but I don't vote for these reasons.

[@FesteringRatSub]

create a QR code and easy instructions on voting.

[@kingdavidbeasley6135]

Charles should have always kept an upper hand in case something like this were to take place. Human nature has a tendency to move towards greed and self self serving motives. This was expected to happen as the power struggle continues, while they forget about us holders.

[@AdamMundok]

I've been trying to log into Daedalus and it just says "updating the blockchain" and it's been nearly a week now! That said, the last time I logged in to Daedalus was in 2021, but it shouldn't take a week to update the Blockchain so I couldn't vote if I wanted to, and I did use to vote in 2020-21. Maybe this is part of the problem why so few stakeholders are voting 🤷🏼

[@davidwilson5001]

We should have some sort of a leveling percentage so that no one with larger amounts can out sway the numbers and nobody should be able to use someone else's ADA Maybe something like a electoral college system should be put in place.

[@johndussin5004]

Charles should just make a video and say that he would NOT delegate any ADA to the Cardano Foundation. Hopefully people will delegate their ADA elsewhere and that diminishes the voting power of a bad actor.

[@travisprice1325]

You realize they have a huge allocation on their own, right?

[@johndussin5004]

@ Obviously

[@Smiley-187]

The de reps have been chosen to represent millions of Ada owners this is a good thing

[@Murphisto]

how to disable the cardano foundation? pull the funds?

[@mattpiz]

Thank you for reporting this feud with a relatively neutral view Farid. As many know, the amount of energy needed to refute attacks is an order of magnitude larger than it is to produce it.

[@Jadeite12]

Let's note also that many brand facts as attacks. Bring light/transparency into affairs, and people like Diddy, Maddoff, SBF would have lost power much faster and their cascading harm would have lost heavily.

[@luisangel7700]

Hey what’s up with COTI

[@kuh7781]

CF is a closed organization that persistently refuses to disclose material information to the community. The community should stand up against CF.

[@LJ9089-r8w]

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[@BENWILLIAMS12316]

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[@LJ9089-r8w]

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[@End_rick997]

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[@BENWILLIAMS12316]

She's mostly on Telegram, using the username

[@BENWILLIAMS12316]

Maecris10 That's it👆

[@azmintryndmin1609]

Cardano ADA will break all time high and reach $5 - $10 this cycle

[@laturista1000]

ok Nostradamus

[@Smiley-187]

The top De reps alone can use voting power to way balance out Cardano foundations power. Fact is though Cardano Foundation has expressed some great points of concern and they aren’t all bad

[@russellh24680]

😊❤

[@clickrukii]

Reminds me of EOS. A path to oblivion

[@nimietyskookumlucre6702]

Have you every looked into ICP, Farid?

[@matiaskamula1253]

The only problem with cardano is the humans.

[@JohnAdams-mu7xd]

😂Epic comment

[@tr0llpatr0l86]

yes the WEAK HANDS

[@Eric-s1q6k]

Hi

[@ditty365]

Ohhhhh boy!!! Popcorn is ready!!! Thx fam

[@1337PINKLoki]

Any investigation updates on meld? My 2024 capital losses are at the moon now.

[@gbopie]

Reasonability and Communication is key in any growing entity

[@aweebunny]

Thanks.

[@user-wv3jo2lj9w]

great video. if the Cardano foundation leaves Switzerland we will say goodbye to the capital flow typical of that country..with consequences that are not good for Ada in the short term.

[@Eric-s1q6k]

I Hit $12,590 k today. Thank you for all the knowledge and nuggets you had thrown my way over the last week .i started with 3k in last week 2024..... now i just hit $12,590.

[@Mr_john-u7y]

How please can you explain because I've been making a lot of looses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?

[@Eric-s1q6k]

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[@Jennifer-xq2yu]

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[@PelikPernandes]

When I say testimonies all over the place I thought it was all made up stories till I was convinced and gave her a try and honesty I don't regret the move I made because I invested in a big way

[@Agnesann-o1d]

The first time we had tried, we invested 14,000 and after a week we received 50,230. That really helped us a lot to pay our bills.

[@travisprice1325]

Honestly, it's why I'm selling off Cardano and just sticking to Bitcoin. The human element always leads to problems in a system. This is basically fiat/government 2.0

[@jcjensenllc]

We need to pressure Geegaard to resign.

[@pushbeyondaverage]

Charles needs help with leadership, he lacks EQ. He's done many great things and will continue to do so, but without a team of legitimate leadership around him Cardano will never reach peak performance.

[@chamamemestre]

What matters is Cardano stays US based. Too much bureaucracy, red tape and taxes in Europe. Cardano would die a slow death.

[@RiskyCapital]

Nothing new under the sun, Charles was against CF when they had its original leader. Sad to see this, feels like a snake in the grass.

[@inad37]

CF should stay in Switzerland. Other than that all are doing there Jobs including the CF, Charles and so on.

[@kintipukintipu3987]

Imo, this whole thing, is doing damage to entire Cardano ecosystem.

[@Martinez-u1t]

Is better to get this off when the chain is small before it becomes a worldwide protocol worth trillions

[@foolsphilosophy]

Honestly embarrassing this sheit hurts our bags

[@Jadeite12]

You think short term. Don't address the problem and it's negative consequences will probably just grow and manifest themselves in full swing later on.

[@DG-md5fw]

In your opinion😂

[@tr0llpatr0l86]

a video to make u dumping hahahahaha

[@smallpox_-_-_-_-_-_]

Dumped this stupid project and am all the more glad for it

[@dgaia9406]

get rid of the CF

[@BMCTelevision]

Charles is very cantankerous, I hope that he is not responsible for creating the Crypto Policy because he has a very hard time working with others.

[@DappCentral]

I learned a new word today! "cantankerous" thank you BMC.

[@meccanised]

Charles needs to chill the F out. WHO ON IOG did Cardano holders elect? zero people

[@qbanlink25]

More ADA drama, what's new.

[@SatiVee]

...More of the same. Humans gonna human no matter what guard rails are in place. You can build a whole eco-system based on fairness and inclusion, and that lizard brain is still gonna find a way to click the "on" button. It's remarkable really.

[@michaelcameron4337]

Without Hoskinson Cardano is nothing and would be worth zero. He’s a genius and has real vision. I wouldn’t pick this fight if I were the Cardano foundation.

[@thanashs11]

❤

[@peterhoward8727]

👍

[@brightstarvillanueva3980]

You hacked Ice711 Cardano i hate u shame on u

[@demetridutch84]

I don't like giving a person lots of power and having to trust they will do what they are supposed to. Greed is a poison that all minds are susceptible to. I don't trust Charles because of his political viewpoints and the people he endorses. It seems Charles does not like the fact that if he does not follow the bylaws he can be forced to by the community.

[@schwajj]

Which bylaws could he be forced to comply to? I’m confused.

[@ELISEOSwan]

I am sure that XAI220K$ will go 100x just like you said

[@funkyfinance_]

🎋]\[ | C E🎋

[@d-not-u]

ADAnationalists! My daily salute 🫡. When Charles is upset 😠 he goes and makes it happen himself and a better version. Just like when ETH pissed 😠 him off. We got Cardano as a result. Let Charles do his thing. Only good things come from it.