Cardano (ADA)

1/9 It is with a heavy heart that I must say I will be leaving Cardano. Not because I want to. But because I have to. I posted it a while ago, but deleted it, hoping for a change in heart.

Now I have no choice.

I will be filing for Chapter 7. I gave this ecosystem everything.

2/9 I blame nobody, but myself. I had too much business debt that caught up to me. I sold along the way where I needed and tried to increase my income from Web2. The job market has been brutal.

It has been almost 14 months since I lost my job. Unemployment ran out 5 months ago.

3/9 It was hard to hear @IOHK_Charles latest video.

It made it very clear to me that he has no intention of generating revenue or keeping this chain sustainable. Ideas don't pay rent.

The treasury is limited. The FEs have unimaginable power. Power that was never well utilized.

4/9 Charles said he doesn't understand what power he has left here. He asked us for an answer.

Here's mine.

Cardano was about the people, including its founder. Your voice is your power Charles.

I think the only way to give a new era of leaders a clean slate is a hard fork.

5/9 The ecosystem's governance has structural fissures. $ADA holders have little say in what the FEs do & projects must bend to their will or be shunned. Power and capital are too concentrated. Talented builders go bankrupt self-funding while insiders enjoy reckless funding.

6/9 This includes the funding of much "research" that is done at outrageous costs and with a vague plan at best on how those funds will be returned to the treasury.

That has left us with immense selling pressure, dragging down all projects whose liquidity is tied to the L1.

7/9 Despite the quality of some funded ventures, it tore my heart to see @TapTools go out of business. That was the last straw. There's a massive disconnect between those in power and the ecosystem. I'll be back the day we listen to what people want before building or running r&d

9/9 I have to go rebuild now.

I'm down, but not out. Back to square 1

I have a deep hole to climb out of. I'm not after handouts, only the chance to do what I love.

Feel free to DM if you would like to hire my talent.

It has been an absolute pleasure Cardano. Thank you ❤️

8/9 In my time here I have had the pleasure of meeting and working with many individuals that I consider to be family. You know who you are. Ty for everything ❤️🙏

I won't tag anyone, to avoid any further drama incase this post rubs someone in power the wrong way.