₳dam

Buying $STUFF right now feels like buying $ADA in 2017.

@MLBHRVideos All-star

Casey Schmitt - San Francisco Giants (15)

Most people still think @stuff_io is about books. They're missing the bigger picture. If AI makes every file, image, contract, and report infinitely reproducible... then verifiable proof becomes essential infrastructure. Proof of origin. Proof of ownership. Proof a document existed when it says it did. Own Your $STUFF. 📚⚡

I keep seeing posts saying that Cardano needs a leader. To some extent, I understand the feeling. Right now there is a lot of distraction in the ecosystem. People are constantly arguing over governance, the treasury, price action, personal beefs, and everything else. But I do not think the problem is a complete vacuum of leadership. In reality, WE ALREADY HAVE LEADERS. You know who they are. Some people want Charles to be the central leader of Cardano again like he was years ago. But if we truly want a decentralized system, we cannot still rely on one person to tell everyone what to do and expect them to magically solve our problems. The truth is that leadership in Cardano is already distributed across the ecosystem. The real question is how much ownership people are willing to take. Alex Chepurnoy said this directly about Ergo. He said to take as much ownership of Ergo as possible. I think each of us needs to do the same for Cardano. Take as much ownership and responsibility as possible.

The truth hurts sometimes... Reality is teams/projects in blockchain, not just Cardano, weren't forced to run lean enough. ICOs, Early Raises, and Grants caused companies to scale irresponsibly, miss-manage capital, and have no path towards sustainable revenue. Not pointing my fingers at anyone specifically but it's a clear issue I have seen across many companies, and blockchains. I'm not saying I am some kind of business guru or prophet but I am saying that I have lived the reality of what businesses are facing for over 2 years now. We had to make cuts, sacrifice salaries, rebalance infrastructure, and most importantly, hunt our own food. We survived because we made hard decisions and built real revenue off of services and tools. Outside of blockchain, you constantly hear stories about the entrepreneur who sacrifices everything for their dream. I mean, just go watch an episode of Shark Tank. I tried to embody this to give our team the chance to scale and grow. Gave up my salary, my co founder did as well. We only spent money the last 3 years outside of payroll on RareEvo. I'm no hero for that, I just figured that was the reality of running a business and everyone else in the space was dealing with similar. Boy was I wrong lol. Not saying you have to necessarily struggle to know success, but hitting rock bottom and having to really grind it out changes the way you operate. You won't see me committing to doing a thousand new features for Wayup. It's not realistic in this market with the revenue that the platform produces. We ran Wayup at a net loss of $1800 a month for almost 2 years to get here. Business requires balance and thankfully the work we were doing at Anvil helped us keep it alive for so long. When the revenue allows for us to hire a part/full time dev, the features will start shipping. Want the features faster? Fundraise it. That's what real business do, but they typically start with a revenue producing vehicle. Maybe this is the exodus we are currently seeing in our space. Maybe I'm wrong. Without knowing companies full financials, I can only imagine this to be why. And honestly, I can't blame someone for wanting to build and have a salary. If you want talent, eventually it has to have opportunity. That's what made Cardano so great, the idea of opportunity, and the reality of it. The sinking reality is that opportunity is leaving and being found elsewhere. There's one thing I know for sure. Cardano itself should be focused on revenue. Everyone, and the treasury itself, should be working towards more than transactional volume to the treasury, this is how we win. Loans, Rev-shares, direct shares, any means necessary we need to start treating Cardano as a whole as a business. Charles gave me a great idea earlier in an X space. If the research budget is $5mil in the hole, and we have the best researchers in blockchain, why don't we take advantage of that and start doing research for other chains? Call me crazy but seems like an actual opportunity because I do believe we have great researches and I do not want to see them leave. Cardano treasury could fund the Cardano based research, and subsidize pricing to be competitive to other chains. Then there could be a potential rev share opportunity to rebalance the treasury. These are the type of initiatives I think people would really rally behind and make Cardano more valuable. It would set a really good public image that people are willing to work with Cardano and actually do respect our research driven approach. Regardless of what happens, if we don't start leaning out the end result will be inevitable. I look forward to the responses here and have enjoyed the course of many conversations over the past few days. Call me a shill, call me whatever you want but if you agree with me delegate. I'm making it a point to get more delegation and push my vision of Cardano. drep1ygeyfh8nm03dnl5a2hxdtv09pu7uhep9l0cpg0zpr60jqys05cku2

Wednesday Wrap Up later today. Lots and lots of @stuff_io to talk about.

@IOHK_Charles @CashAnvil Out of everything that he said, this is all you got?

@CashAnvil Ok, blame Charles. Thanks Cash

Charles I just watched your live stream. Let me preface this by saying I value your comments and what you say. This is a large part of why i invested the best years of my life into Cardano. I still believe in the long term mission of Cardano. I still build here every day. While listening though, I couldn't help but be alarmed about the lack of self awareness. I am sorry to put that so bluntly but i respect you so I'll cut right to it. You made claims that basically we need to support the ecosystem builders, etc. Do you not understand that you are actively blocking us from funding because almost the entire NCL, or at least a LARGE portion of it, is directly tied to IO initiatives as well as FE initiatives? There is no pie left. I am not arguing that you are deserving of treasury funds. I voted YES on multiple proposals. My issue is that you weren't willing to renegotiate on any of your proposals. You weren't willing to listen to the community and take line items out we deemed unnecessary. There was no room for revision, that is simply put a fact. I am not your advisory, IO is a business that provides real value to Cardano. Dropping 1 item from the research proposal could of kept TapTools in business. That simply put, is a decision. We are all working with the same budget. The proposers need to be just as responsible as the DReps. We all know what the NCL is. Whether this was your intent (I highly doubt) or not, it's the reality we currently sit in. Many of us went through Intersect, the MBO we all agreed to join and use as a center point for our community, and adhere to their process. Many of us will likely not get funded due to that, following the process and mandate of the community, wild how that works. To be clear, you certainly are not solely at fault here. Draper will certainly help the future of Cardano, what about the current? CBDAO is currently a NO vote in intersect...Catalyst is likely never coming back, it needed reform but to simply delete it for a year was basically killing small biz on Cardano, and hope for opportunity. Our business arm Emurgo has all the voting power, surely they will vote YES on more business proposals with their 1B ada right? All this to say, we need to figure it the hell out. I agree with many of your points made today but i truly think it's a top down effort. You guys set the example. When we lose focus, the entire ecosystem feels it. Let's get back to what matters and lock in. Sorry if this comes off wrong I am just super passionate and tired of not being heard by the people who have power here.

You don't realize how many Cardano teams are close to making these same posts. Some will say it was business related but you do not realize how dried up Cardano currently is of opportunity. The users are at all time lows. Builders are leaving every day. Teams have cut down to essentials. Yet we just funded half the NCL in proposals that didn't show overhead or FTE rates. Are they not businesses as well? Do they not deserve the same level of criticism as the people who put their lives on hold to build here? If we continue to let the actual builders die out, who will be left? I feel like I'm taking crazy pills, it seems like we just want to keep building in a silo and only hold the public accountable. Something has to change, or we are COOKED. Call me dramatic, call me whatever you want. Some of us have more than just money invested. This is our lives, it's all we do. There is a huge wealth disparity from the top to the bottom. There is extremely limited opportunity. Only the strong survive is turning into only the FEs survive. If that's what we want, keep voting the way we are. I am making my peace with it. I have tried to be vocal. Tried to be a trench warrior. I have always tried to do right by my peers. I am here to leave a legacy and build something that matters.

I saw it. Now you have to see it. His name is Samuel. And he…is a king.

A Strategic Update for the $STUFF Ecosystem On July 3, 2026 (Epoch 641), we will begin sunsetting the $STUFF Stake Pool. When we launched the pool, it played an important role in helping grow and reward the community. Today, @book_io and @stuff_io are entering a new phase, and we believe the strongest path forward is to focus $STUFF on utility, demand, and ecosystem growth rather than token emissions. As a result, we have made the decision to discontinue bonus $STUFF rewards through staking. If you currently delegate ADA to the $STUFF Stake Pool, please be sure to redelegate to another stake pool before July 3rd. Any unclaimed rewards will remain available through the normal claim process. We encourage all delegators to visit rewards.book.io and claim any outstanding rewards within the next 60 days. Most importantly, this is not a step backward. It is a step forward. Our focus is now on building real utility and real demand for $STUFF through products, commerce, and platform growth. We are moving aggressively toward bringing more than 12 million print books to @book_io, creating one of the largest book marketplaces in the world. As those sales grow, a portion of net sales will be allocated toward purchasing $STUFF. We believe the future value of $STUFF should be driven by adoption, customer activity, and ecosystem growth. That is exactly where we are headed. To help make this transition as smooth as possible, we will be publishing a detailed FAQ and stake pool wind-down guide at book.io/stakepool in the coming days. Thank you to every delegator who supported the pool and helped us build the foundation for what comes next. The mission remains the same. The vision is bigger than ever. Own Your $STUFF!

@EricCrossMLB Trading him in every single dynasty I am in....value is through the rough right now and he is one pitch away from TJ. Human beings are not meant to throw something that hard that often.

The 120 fastballs with the highest velocity by a starting pitcher so far this season...

@JureKaramarko @songoncardano @IOHK_Charles @Cryptofly777 @LaPetiteADA @TapTools @DexHunterIO @snekdotfun @CardanoRami @F_Gregaard @Cardano_CF @ada_bookworm Pumped for this one!

Our friends @adampleroy and @ada_bookworm could be with us today. I am proud of this day. We keep dreaming.

Tag one person in the comments who should join us today. Today is Cardano Onboarding Day, For the Cardano vibe. 🎶 This mint is for everyone in the #Cardano ecosystem who has never minted with us before. For everyone who has never been part of our journey. For a little love, a little belonging, and one small step into the $SONG family. Only 50 #NFTs are prepared. ✓ Share this post. ✓ Tag someone. ✓ Spread the love. Only LOVE. That is all we know how to do. 💙 WE ARE LONG ON $SONG Built on Cardano. Minting on: songmarketcap.com/songito-univer… Powered by: songmarketcap.com Love you all 😎

@TheLab_FBB Kade has the higher floor, but Sloans ceiling is for sure higher. He could he lethal even in a long relief role. Seattle is set up quite nicely lol.

The number of arms that Ryan Sloan has to jump before getting mg a big league shot is just not fair. The Mariners are a pitching factory right now. And this guy is a stud. #TridentsUp

fifth time in the last 30 years a WCF has gone 7 GSW > HOU 2018 GSW > OKC 2016 LAL > SAC 2002 LAL > POR 2000

Stephon Castle is so damn good.

Yes I would.

@EricCrossMLB This kid has the best looking swing in the minors.

Edward Florentino with his 8th homer of the season. Florentino ranked #3 in my May prospect rankings and is my #1 outfield prospect. #LetsGoBucs

@TheLab_FBB The way it sounds from reports I've seen is that it's more so cramping.

Eury Perez hurt himself stretching in the dugout. If it’s a minor hamstring, this may turn out to be no big deal. But if he goes on a short IL stint, I suspect a lot of people will be dropping him, as he’s been a tough hold. And I would consider adding if you see him dropped.

@Dukeswasmyguy @rossjensen I AM HERE FOR IT 🚀

I bought Ada in 2020 and all the way through the bull run, even after ATH. Bought NFTs, supported projects, rarely sold anything Cardano related to this day. I cashed out my life savings in 2023, during the last bear lows, and put most of it in to Cardano. I have worked to build in this ecosystem without a salary for 3 years now. I have put my own ADA up for payrolls to ensure our employees get paid. I have sacrificed everything to be here. I have always believed in Cardano. I have shown up every single day for the last 5 years. That’s why I won’t sit here quietly and watch it all burn down around me. That’s why I won’t sit around and watch the people who have lived comfortably, making none of the sacrifices I did, continue to strong arm governance because their payday is running out. Yet I see dReps and CEOs attacking the community for how they vote. Is this really what we signed up for? Governance was supposed to be our chance as a community to have a real voice and it’s being completely diminished by propaganda and bullies. Attacking people on the timeline because of how they voted is just pathetic and not the governance I signed up for I helped conceive. The system was finally showing signs of strength, pushing back against expenditures, forcing accountability from previous years, and ushering in a new era of Cardano, where the community fully decides. Unfortunately that is clearly not the reality. A few dReps hold all the power, most have their hands in or around the FEs. It’s ok. I am not as mad at the centralization of voting power. I’m mad because we aren’t being listened to. Asking for basic stuff to make an educated decision, or have fiscal clarity, is not FUD, it’s called being responsible. We should hold everyone equally accountable at this point. There should be no varying standards. And I mean this socially as well. I hope people really take a long look at where we are, how we got here, and what’s currently going on before they continue to vote. We have about half the NCL left, let’s make sure to use it extremely wisely. We can’t afford to miss. Happy Sunday!