Umed Saidov, CFA

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To be honest and frank, I thought you would be secretly happy if at least a few of the IO proposals didn't get funding. Because it would mean the governance system you had helped design and bring to fruition was actually working and you really were "Charles the Community Member" versus the king/CEO of Cardano. Project Catalyst predicted precisely this friction for the past 5-6 years. All of us who had to go and compete for scarce resources have, in our turn, been called all sorts of names from scammer to grifter to receiving threats of violence and death. Most of us truly believe the things we were proposing would meaningfully improve the Cardano ecosystem. Most of us were wrong most of the time. Probably all of us have had to make the hard decision to let contractors and employees go when we could no longer afford them. We've all also invested heavily of our time, energy, and personal savings because we believe in the mission; even if the numbers are orders of magnitude different, the relative scale of impact remains. A lot of people are in an austerity mindset right now because many of us have been already stretched thin and doing our best to make it work and clearly every year will remain a competition for a finite resource. But, we're all still here. That can't mean nothing. We never started down this path thinking it would be easy. Also, I apologize for responding in such a way to this clip taken out of context. I have great respect for you and the things you've built here and elsewhere. I hope you and IO remain as valued contributors to the Cardano ecosystem for many years to come. Not every no vote is a "No to Charles" or "No to IOG", it could very well be just a not right now. I'll promise to try and do better with my relatively small platform. But I won't stop asking critical questions when I think they're warranted, I'll just try to be less adversarial in my tone and open to hear both sides of the argument.

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1. IOG is not the only vendor capable of performing maintenance tasks, they are simply the largest and most established with the most "tribal knowledge" of the codebase and trust within the ecosystem. 2. No, in fact even in the maintenance proposal core development work is also included and some points, such as operating testnets, monitoring the network health, etc. have been shown to be capable of being handled by the community (SanchoNet). 3. It's very hard to differentiate between "work done that is strictly maintaining the current codebase" versus "work done that happens to maintain the current codebase plus prepare it for new/improved features and functionality" 4. I'm honestly not worried about it. If the community did decide to not fund IO and IO was legitimately in a position that it had to downsize it's staffing forces, smaller, more agile and lean companies/individuals with likely lower per FTE costs could emerge and be given smaller pieces of responsibility which were easier to track in terms of real execution and performance over the course of a given year. All that said, IO doing the work they have already been doing for years with the team that has already learned to work together will of course be the most efficient at cooperating and executing on the "shared vision" from the top of all teams. They may not be the most cost effective, but they get the work done. Cardano will not stop or halt even if we stopped all development of the Haskell node tomorrow, the software is built like a tank and would continue to operate "as is" with no major changes. The SPOs would continue to run their validators, blocks would keep getting made, and life would go on. However, there would be the major question of: "what comes next? Who's going to build it/coordinate across all these disparate teams? And, maybe most importantly, how and how much are we going to pay for it?"

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