BREAKING: (IJCH) Unsatisfied with the Cardano Foundation, IOHK and Emurgo take over its job (aka "Firing Your Crypto's Foundation!")
BREAKING: (IJCH) Unsatisfied with the Cardano Foundation, IOHK and Emurgo take over its job (aka "Firing Your Crypto's Foundation!")
IJCH - Inside JaiChai's Head (Meaning: My Warped, Personal Opinions and Musings)
From the Author:
Salutations.
I am JaiChai.
And if I haven't had the pleasure of meeting you before, I'm delighted to make your acquaintance now.
I invite you to interact with everyone, learn, and have as much fun as possible!
For my returning online friends, "It's always great to see you again!"
Breaking: IOHK and Emurgo take on the Cardano Foundation's duties and responsibilities
(Can you say, "Let's fire our own crypto's foundation?!")
I've been in the crypto space since late 2009.
This is the first time I have ever seen the maker (IOHK), the marketer (Emurgo), and the community (Guardians of Cardano) "fire" its own foundation!
IMHO, I wish this happened much earlier with the Bitcoin Foundation...
Here's a good article about the situation:
The Cardano community woke up to the news of a split between the Cardano Foundation, IOHK, and Emurgo on Oct. 12th.
Charles Hoskinson, the CEO of IOHK confirmed the split in a YouTube live stream and gave insights into the events leading to the fallout.
The split was caused by lack of diversity in the Cardano Foundation board, lack of financial transparency, lack of clear vision and a public plan, and elements of nepotism.
Article Link:
And here's a clear explanation by charles Hoskinson (CEO, IOH):
Parting Shot
Viva La Revolución!
By JaiChai
Really Appreciate You Stopping By.
Truly hope to see you again!
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About the Author
Believing that school was too boring, he dropped out of High School early; only to earn an AA, BS and MBA in less than 4 years much later in life – while working full-time as a Navy/Marine Corps Medic.
In spite of a fear of heights and deep water, he performed high altitude, free-fall parachute jumps and hazardous diving ops in deep, open ocean water.
After 24 years of active duty, he retired in Asia.
Since then, he's been a full-time, single papa and actively pursuing his varied passions (Writing, Disruptive Technology, Computer Science and Cryptocurrency - plus more hobbies too boring or bizarre for most folk).
He lives on an island paradise with his teenage daughter, longtime girlfriend and three dogs.
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Holy crap @jaichai
I missed this rather important bit of news. It's a little disconcerting. Although my crypto investment isn't huge compared with a lot of people, it's still significant for me and Cardano is a big chunk of that.
I used to follow Charles very closely and watched all of his videos. Of late I have slowed down as there was nothing major to report. One thing I did notice was that Charles was getting frustrated and was rising to the bait of the trolls. There was a lot of bitchiness which I didn't like. I thought from Charles's point of view that it was a bit unprofessional, even when provoked.
He is clearly holding Michael Parsons responsible in the video.
What do you think about the future? Charles is insisting it is business as usual but this can't be good. At the very least is a major setback to the progress of Cardano and it's public persona.
Gaz
No matter what happens behind the scenes, I've never seen Charlie renig on his promises...
To be honest, I've since increased my holdings in Cardano, but whatever you do is plainly up to you.
Namaste, JaiChai
I'm definitely holding and waiting this out.
I guess I got into Cardano because of Charles and he has more say in the direction than ever. Hopefully good times are ahead.
wow that is a lot of votes good stuff man.
The crypto industry is the only place you can spoon, fork, and knife your way to stardom and still survive with your self-dignity intact. It's too bad it came to this, but I'm sure both Cardano and IOHK will out the better for it.