1/. @IOHK_Charles of #caedano didn't make 1c from his founders #ethereum. He gave 100% of it to his secretary as his secretary wasn't paid properly for months of hard work. He was ousted over a fundamental disagreement over risking small investors money instead of VC money...
2/...at the experimental stage of the project. It turns out he was right, tens of millions of dollars of small time investors money was lost in hacks and exit scams due to rushing to market with an unfinished project and patching in production. How this has been spun into him...
3/...being a corporate sellout is beyond me. He wanted to run the company with a clear management structure so that the efforts of the early team could be guided correctly. Instead they chose anarchism, and as a result...
4/...there is no on chain governance and a miner revolt on the horizon. $ADA has managed to achieve PoS years before ethereum without having had a head start. They will be the first to have scalable, fast, low-fee, PoS smart contracts. That's what good management achieves....
5/ I know the crypto community is anti-establishment by nature, but to compete with the Fortune 500 you need to run the project like a Fortune 500 to get it off the ground. That is what #cardano did, and now they have the largest anarchistic DAO in the world with no leader at all
6/ Everyone seems to have just adopted lazy half truths about @IOHK_Charles and his motives. The proof will be in the outcome. You will see what chain offers the greatest version of the decentralised, permissionless, egalitarian crypto dream that is responsible...
7/...for most of us entering into this space in the first place. Whoever wins, we all win. But in my opinion, #cardano is positioned to help the most people with it's focus on the developing world. I encourage everyone to look at the project objectively and see the end goal. $ADA
8/I'd like to add that he also wanted to put golden handcuffs on the founders (like the performance based payment tiers from the cardano DAO) to prevent them just taking their money and starting their own projects. This was more "corporate sellout" behaviour. 7/8 founders left.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
