Daniel

EVERYONE IN #CARDANO WATCH THIS - @liqwidfinance

As @emurgo_io and @YoroiWallet do not intend to fix & reverse their hostile governance power grab through UI/UX choices, I will vote NO re: Treasury Withdrawals that benefit them - or related parties - in the next 12 months. Pentad proposals will be assessed - each carefully

Poor fellow swapped $50m -> $35k on eth mainnet 😭😭😭 etherscan.io/tx/0x9fa9feab3…

I am extremely disappointed in both @YoroiWallet and @emurgo_io over how this voting power is currently being handled. After spending time investigating the governance flows, it is far less surprising to see how the two of them (or should I have said one of them) have accumulated close to one billion ADA of combined voting power. I have supported Yoroi for many years. I have recommended it to users, defended it when criticism came up, and generally tried to give the benefit of the doubt. That is precisely why this situation is so disappointing. Over the last three hours I went through the Yoroi governance flow end to end across several different user journeys. Wallet setup, governance introduction, delegation screens, confirmation steps, new wallet experience. The process makes it very easy for a user to end up delegating voting power to YOROI. In practice, it is far easier than selecting an independent DRep and every user experience pushes users into this direction, whilst also being extremely obscure. That is not a neutral user experience. Thread incoming.

Okay, time for another round of STRAIGHT TO THE POINT. Today, I will talk about @phil_uplc, who often presents himself as if he were the central figure of the ecosystem. Recently, there was an X-Space where he openly attacked @IagonOfficial and IAGON’s CEO, using terms like "goblin" and other unnecessary remarks. That kind of rhetoric speaks for itself. He is currently spreading statements such as: "IAGON burns $130k per month." Is that a big number? Yes - if we are talking about items like a car, some shoes, a watch, etc. Is it a big number for a company with 30+ employees developing technology over multiple years? Not at all. Let’s stick to publicly available information. IAGON has 31+ employees. Salaries, infrastructure, legal, compliance, development, operations - companies cost money. That is how serious businesses operate. If someone considers $130k per month outrageous for a company of that size, then the logical implication would be that their own standards for operational expenses must be extremely low. That would raise valid questions about sustainability and expectations - not about IAGON. IAGON invests in product development and long-term infrastructure. We are here to build, not to tear others down for attention. Now to governance. Phil, as a Constitutional Committee member, did not cast a vote for the Governance action "Increase Transaction and Block Memory Units" while 545 stake pools and DReps voted YES. Later, with a DRep volume of 88.56M ADA, he voted NO toward the end of the voting period. Everyone has the right to vote as they choose. However, if the intention was to lead a discussion or influence understanding around his AST node memory cost idea, casting that vote early and transparently would have created a stronger opportunity for debate. Timing matters when leadership is claimed. Using large delegated voting power to make a late-stage statement may be technically valid, but it inevitably invites scrutiny. Delegators deserve consistency and clarity. He has also labeled IAGON’s patent protection strategy as "patent trolling." Let’s be precise. IAGON has secured intellectual property protection in multiple jurisdictions: WIPO: WO/2020/099924 European Patent Office: EP3878161 United States: US20220006860 Canada: CA3118374 Japan: JP2022511686 South Korea: KR1020210096619 China: CN112997469 Australia: AU2019380719 Spain: ES2954424 Israel: IL282920 Saudi Arabia: SA521421975B1 These protections were granted by independent patent authorities under their respective legal frameworks. Calling legitimate IP protection "patent trolling" without evidence is not analysis - it is rhetoric. Protecting intellectual property is standard business practice. Enforcing it, when necessary, is not trolling - it is legal compliance. There is a difference between criticism and misrepresentation. If someone repeatedly frames normal business operations as scandalous without proportional context, that is not healthy debate - it is narrative building. Strong opinions are welcome. Disagreement is welcome. Governance disagreement is welcome. But throwing around loaded labels, exaggerating numbers without context, and attacking companies publicly does not strengthen the ecosystem. Cardano made opportunities available to many of us. The ecosystem benefits when participants act with responsibility and respect toward the same environment that enabled their growth. Criticism should elevate standards - not lower the discourse. Long story short: Phil, do not undermine the ecosystem that enabled your success! Cheers everyone!

💥 Charles drops BOMBSHELL in Tokyo What do you notice? #Cardano $NIGHT $ADA