X

@mccoelhofr @snek What does snek do to justify being worth $34M

What is happening to the @snek ? 3 years since they launched in April 2023, and only 4 weeks with trading volume <2.5m $ADA until 10-Feb-2026. Since, 10 weeks in row below. Holders fatigue or is the flag project a reflection of the broader #Cardano ecosystem shape? 🤔

@3dm0nd87 @Yabba900 @IOHK_Charles Making claims you can't back up with any data, who provided the liquidity for people to sell? Its not retail who are also selling

@apejunk1 @Yabba900 @IOHK_Charles

Amazing how all cardano paid shills, IOHK “yes” men, founding entities, foundation, leading DReps & @IOHK_Charles keep telling you how amazing $night is whilst simultaneously being some of the biggest sellers of $night

@3dm0nd87 @Yabba900 @IOHK_Charles Who provided the liquidity for the people selling?

@apejunk1 @Yabba900 @IOHK_Charles We all know who the $night whales are sir. I will not be engaging with your gaslighting

@3dm0nd87 @Yabba900 @IOHK_Charles Who are you talking about?

@apejunk1 @Yabba900 @IOHK_Charles The point of this tweet seems to have gone over your head. Shilling stuff whilst you have a huge platform & then selling it at the same time without being transparent is dishonest & shady.

@Yabba900 @3dm0nd87 @IOHK_Charles It was a free airdrop unlocking over 12 months, its free money so people sell, this was to be expected, it will likely keep dropping for the rest of the year until the chain gains some usage.

@3dm0nd87 @IOHK_Charles Make it make sense

@joe4deadcat @TheMantax @IOGroup I can tell you what will tank the price of ADA more than IO getting funding, IO not getting funding.

@apejunk1 @TheMantax @IOGroup What is their expertise worth when people have fled the network and their spends help tank the $ADA token? No one can answer that

There is no benefit to paying @IOGroup UP FRONT for vaguely defined “infrastructure” work that lacks a clear return to the community. Crypto foundations are largely UNACCOUNTABLE to the communities they are supposed to serve. Funding this will likely tank $ADA price.

@blinklabs_io @TheRealWeb3Kat @UtxoSaint

We can't handle high traffic. That's why CF wants to market to low traffic but consistent transaction enterprise adoption. It's what we can handle. Anytime we brought in hype, it was brutally murdered by our current technical capabilities. We take a black eye every time. Cardano is not ready. We cannot reach sustainable revenue with the current capabilities. The network costs more than it makes. The tree cannot bear fruit if the trunk dies. We're too focused on short term prices and bad feelings to understand that we cannot win if we don't fix these problems. It doesn't matter what anyone thinks about prior spending. That's done. Gone. Over. We need to collectively stop trying to wag fingers and be right and start working. Price is down for everyone. Capabilities keep moving forward. If we want to win, we need to spend and complete the roadmap. The arguments against this are based on emotional pain and not assessment of our capacity and how to improve it until we can fill the bucket where transaction fees cover the rewards output. We cannot handle a huge influx of transactions with an acceptable user experience. We need to fix this. We *must* be ready for the next surge, or the treasury will be worth zero anyway.

It's a grave error for Cardano to continue to withdraw significant amounts of ADA from the Treasury at these prices for non-critical development and infrastructure. ADA is down -65% in the last year and current chain revenues are abysmal. How can we justify continuing to allocate Treasury resources to the same areas we have been, and if you're in favor of that, can you explain how that spending will improve Cardano's economic activity in the next 12-24 months?

@joe4deadcat @TheMantax @IOGroup What other dev shop has IOGs expertise, and where is their proposal? IOG doesn't get to raid the treasury, we vote to fund them, that's literally what the treasury is for.

@TheMantax @IOGroup What code is worth $50 million to “maintain”??? Why can’t other dev shops be considered for better pricing? Why does IOG get to raid the community pool whenever they need funding?

@IOHK_Charles Meme coins are dead

Should we host a Cardano Memecoin leadership summit at the IOG office?

@green_pepper_53 @0xNLYFANS @realPsyclops @IOGroup @lacesupportdev They bought Nami because it was going to shut down

@apejunk1 @0xNLYFANS @realPsyclops @IOGroup @lacesupportdev they literally bought Nami and shut it down for Lace

So @IOGroup bought out a bunch of perfectly working wallets to eliminate competition for @lacesupportdev, and this is the end result 💀💀

@0xNLYFANS @realPsyclops @IOGroup @lacesupportdev You mean like what Consensys has done to Ethereum? Don't see how a product that doesn't even work properly is killing the competition, and even if they were, good, it will force the competition to up their game.

@realPsyclops @IOGroup @lacesupportdev Cardano having a single for-profit company controlling everything and killing competition is its biggest issue.

@Yabba900 @cardanado @MinswapIntern People are probably just sick of your retardation

@cardanado @MinswapIntern I’m blocked by loads of accounts, you say something that doesn’t align with grifting and you get blocked

Charles being sidelined, yet tried to sideline top projects within his own Ecosystem The irony He can’t have it both ways & not look like a little bitch I’m blocked by @MinswapIntern the geek

@F0rkedNft @IOHK_Charles Its to prevent spam

At every fucking turn $ADA Was looking at min-ADA and of course they would build into the code a sink to lock up coins. Every single thing from @IOHK_Charles and IOG results in stupid decisions at the protocol level! Grifters build these things in because they got nothing else

@Son_of_James_ @IOHK_Charles Because idiots repeating stupid shit should be called out

@IOHK_Charles Do you always have to dig up dumb takes and then insult? Why must you always act like a child?

Paint chips are back on the menu

@ClubFak @gametimevintage @IOHK_Charles @snek Look at the github

@gametimevintage @IOHK_Charles @snek lol what public infrastructure did they build with the 100 million ?

@AlmaMater07 x.com/i/status/20500…

This 👇🏻 ….. Get a loan !

@PaviahoodPRH @CryptoGnojek Other chains FE don't need a treasury when they gave themselves half to token supply

You using taxes is perfect! Exactly like tax just to extract your money with the allusion it is to help you.. and you just drink the koolaid lmao strange other chains seem to prosper very well with out founding entities draining the treasury.. but keep licking them frosty windows buddy

Rules for thee, but not for me! 🤭

@rc_1137 @janilom81 @IOHK_Charles The vocal minority on X are not the majority of ADA holders.

@apejunk1 @janilom81 @IOHK_Charles Read the replies to the original post Self explanatory

Anyone notice how the overwhelming majority of the Cardano community thinks this guy a complete incompetent asshole? The only ones on his side are the ones who need an audit, dev work or a paycheck. The real users, or "bag holders" as @IOHK_Charles likes to refer to us as. Are all absolutely tired of his shit. Put your shovel away jackass, we know mom and dad higher a gardener for you.

@CryptoGnojek @stockjupiterr How would you expect IO to pay back a loan for public infrastructure? Would you like them to add an extra extra fee onto using Cardano, an IOG toll to use the blockchain?

@stockjupiterr Yup but they know enough value won’t come of it to be able to structure as a loan

@PaviahoodPRH @CryptoGnojek Yes you are one of those stupid people, the treasury is to fund infrastructure, that's what IO builds, asking why IO uses treasury money is like asking why does your government use tax money to build roads and other public infrastructure.

Treasury at this point should be for the people.. the founding entities should be established by now enough to raise money like real life businesses. Why do they need to continue to use degen money? because thy essentially what it is. It’s money from idiots like me buying stupid money jpegs.. if their proposal had real value they should be able to get real life investors, which would create more networks and exposure. Seeing real life investors especially known ones would also build confidence in the system. But Na let’s take from Dgens because it’s easier, then dreps don’t have a clue so it’s easy peasy to fluff their pockets, instead having to prove yourself to a people that can read a business model and tell you it’s trash and won’t invest. But what do I k ow i probably am one of those that are “that stupid” according to @IOHK_Charles 🤷‍♂️