🔥 Join in Trading Popular Crypto Futures and Win an $8,888 Airdrop Reward!
How to Participate:
1️⃣ Click to register and select "Join Now."
2️⃣ Trade specified coins, accumulate 1,000 USDT to earn a $2-$10 reward!
🎯 Specified Coins: SOL, XRP, KOMA, SOON, SUI, LPT, etc.
🎈 Total prize pool of $8,888, first come, first served!
🎁 Join Now: https://www.gate.io/campaigns/299
Charles Hoskinson, Cardano's governance system is floundering and insists on community oversight.
Cardano founder Charles Hoskinson calls on the Cardano Foundation to adopt a membership model and focus on strengthening community governance and oversight.
Cardano founder Charles Hoskinson openly criticizes the #Cardano Foundation's governance structure, saying it does not provide adequate community involvement. He is pushing for a major shift to a membership-based organization (MBO) to address the current problems in the ecosystem. Hoskinson believes that the Foundation's main problem is the non-membership governance model, which undermines community participation and control. The lack of community participation creates tension and hinders the growth of #blockchain , he said, and he echoed those concerns on Dec. 28, suggesting that MBOs would give users more control over decision-making and solve long-standing problems such as social collaboration, developer protection, liquidity and exchange listing. He believes that moving to MBOs will bring practical benefits, such as improving payment oversight and creating a unified structure for development contracts. Organizations should move to MBOs. Then a lot of the problems that people have been complaining about for years will be solved, Mr. Hoskinson said. Earlier this month, Mr. Hoskinson also spoke out against the current model, where the Swiss government appoints directors without input from the Cardano community, and called on the foundation to move to a jurisdiction where community members can choose directors. Hoskinson's displeasure extends to resource management. He cited Intersect, a community-led initiative, as a promising alternative, but noted that it has limited funding and relies on volunteers. Unlike foundations with significant resources, Intersect has an uphill battle to meet community expectations. Hoskinson also criticized the foundation for creating a separate organization, Pragma, rather than supporting Intersect and other local initiatives. He stated.
Read us at: Compass Investments #CompassInvestments #CryptoNews #CryptoUpdates