Jason Appleton (Crypto Crow)@jasonappleton
So politicians can campaign and waste billions of dollars trying to sway voters into their favor in the name of Democracy but if a Blockchain Founder who literally builds a system for Democracy empowering the public over himself tries to express his concern with how voting is going over much needed funds, explaining the potential disturbances of said voting if it were to remain, they suddenly are Blackmailers?
As a Drep, someone responsible for bringing countless people and other influencers into the Cardano ecosystem and being a bag holder myself, I of course care very much about how treasury funds are distributed, how its used and the processes associated with these practices. There are certainly changes that need to be made overall, over time of which I'm sure will happen as institutions continue accumulating, launching new investment vehicles and continue taking power away from the every day lamens that sell their bags on FUD induced by competing chains, bots and other influences affecting the overall sentiment of Cardano in this bearish market cycle.
As I see it, Cardano is just now starting to come into its own in a sea of build fast/break things and buy the narrative. Cardano was built for the very use cases in growing demand today beyond just defi and gimmicks. Interoperability, identity, compliant transactions, etc are all major needs growing exponentially and as they demands are met by the tech that is Cardano and Midnight, more major whales and players will be taking a more active approach in the governance of the ecosystem and rightfully so.
Sadly, too many people who have never started or ran a company before are trying to dictate what a major L1 blockchain should be or should not be doing with their funds out of fear that their bags, already down due to the transition from Tradfi to Defi is happening in front of our eyes is also causing confusion in the alt coin space and thus creating levels of fear I've not seen since 2017. Too many people are treating this bearish cycle like Ganggreen and opting to cut out the heart in hopes of saving the body, not realizing that this shakeout of retail is by design and even after all of these years of IOG coming through (even while late often) and while learning from mistakes made that get adjusted for over time aren't doing everything possible to benefit us all.
The truth is, we are reaching record high Whale accumulation for a reason. Retail doesn't get it while institutions are loving it and I dont believe it will be much longer before these groups show themselves and begin taking internal steps at affecting major change in the voting processes and we begin seeing Dreps with voting power into the billions as the rest of us then begin barking at how flawed the system is for allowing such a thing to happen, as the next narrative induced by whomever fears the growth of Cardano. Quite frankly, I embrace it even if that means reducing the power of my own Drep status in the process.
Their either needs to be MANY more Dreps in positions of authority, or more educated institutions that utilize Cardano and Midnight and use their accumulations of both to affect more wisdom and less toxicity into the Treasury voting processes.
Now is the time to build and prepare harder than ever as we embark on historical changes to Tradfi and the Blockchain space. I understand many of the arguments such as "stop bundling what appears wasteful with what is useful to force favorable voting", welcome to politics. There is no other blockchain designed through its research and peer review to be more in line with the needs of today as those needs change and expand into the needs of tomorrow and that is because of the Heart of Cardano and its arms and legs that are Midnight.
I really believe everyone needs to calm down some and look back on what has been accomplished, how these two chains are primed for what is coming and have some faith that not only does the anonymous troll on your wall with 200 followers doesn't have a clue what they are talking about but that the hundreds of engineers across the country, do and they need to keep active and making the progress necessary to STAY AHEAD of everyone else without letting those now trying to emulate what Cardano and Midnight has done, catch up. This is OUR time to be first to market with something the world actually needs and I'll be damned if I let this opportunity slip past me over funds that wont matter anyway if we lose our positioning. That's all I have to say. Be well and Crow Your Coins.