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Hi @ItsDave_ADA, I’m writing this now—on a Sunday—because I saw your post about stepping back from Midnight content. We cannot afford another "Cardano Whale" situation where we lose a vital community voice because of friction or a lack of clarity. I listened to the snippet from @IOHK_Charles. I think he's trying to help diffuse so I am grateful for his ongoing support of @emurgo_io .
I had intended to wait until Monday (in Singapore to respond) as I wanted to learn all of the issues that community cared most about. To be honest, I know I won't be able to satisfy everyone. There are some people who just want to see us fail (or just post for memes or attention).
But... You, Cardano Yoda @JaromirTesar , and others are the reason this ecosystem has a soul. You fight because you care, and you’re pushing for something the "real world" rarely offers: true transparency and fairness. I want you to know that I don’t just hear you; I recognize the validity of what you’re and others like @dori_coin are saying.
To be completely candid, I have been having active discussions with the Cardano Foundation @Cardano_CF about the very issues you’ve raised. I’ve been contemplating capping or even reducing Emurgo’s voting power to ensure we don’t become a point of centralization. Fred @F_Gregaard can attest to this—in fact, he recently directed me to a university professor specializing in blockchain governance.
I spoke with him last week and asked him the same tough questions you’re asking me. His response actually surprised me, and it's changed how I'm looking at the problem. There is a formal paper coming out in a couple of months that explores this exact dynamic on Cardano. While I know that feels "too late" for the current heat of the moment, I’ve committed to having Yoroi participate in the study so we can use data, not just intuition, to fix this.
To address your two main points directly:
Decentralization & Emurgo's Power: I agree that a founding entity holding too much sway is antithetical to our core tenets. I am open to concessions here.
Still there has to be a place for casual ADA holders to delegate to DReps who actually vote (everytime), who provide rationales, and who can be held accountable (like what you are doing now). For better or worse, we are one of those places.
Still, I think the more important concession to make is the one below.
Yoroi UI/UX: You are 100% right. It should be easier to find and select diverse DReps. We shouldn't be "defaulting" into a position of power through better placement; the tech should empower community choice. I believe @Cerkoryn even wrote some scripts on this. My tech team told me about so we are looking into it.
What I will tell you is this... I will commit to building an easier governance centre for @YoroiWallet where choosing other DRep is at least a drop down menu or click. I will direct a squad on Monday to review @Cerkoryn scripts and if they are easy to implement (and back tested as safety is the most important thing for a wallet), we will either work to deploy them or do better.
I will also put a pause (by disabling the delegation) on @YoroiWallet accumulating any more voting power until the governance centre is complete. I am not a technologist so I don't know if that requires us to resubmit to Apple Store or Google Play, so I will get you an update on Monday after I speak with the tech team. I just need you to know the intent is there.
The governance centre will take a couple of sprints but I will publicly commit to fixing it.
I also have a serious ask for you @ItsDave_ADA @JaromirTesar and others in the community: once we address the above Emurgo, how do we address the rest of the top 25? Alliances will form or have formed. Outside entities will enter who may not have best interest of the community at heart.
If we don't solve the underlying mechanism, we’re just kicking the can down the road until a truly malevolent actor comes along to extract value.
Furthermore, how do we reach the 75% who don't vote? If they stay silent, the fate of Cardano is left to 10–15 DReps —which I know is the last thing you want. The professor shared that voter apathy is actually the biggest issue to governance. We see this IRL too. Anyways, that's for another day.
Next Steps:
Let's talk IRL: Twitter is great for a voice, but irl is where we solve problems. I’d like to jump on a call with you to dive deeper. Feel free to DM me. I can do the same. I sincerely hope you are willing to talk. We are not fully AI bots yet. :)
Open Table: We should invite Cardano Yoda and whoever else you feel brings a fresh, open-minded perspective. I actually welcome it and we should record it so it's on the record.
Common Ground: Our goal is the same—a Cardano where founding entities matter less over time, and the community matters more.
You aren't on a witch hunt; you're vested in our success. I see this clearly. Let’s work together to make sure that success is actually decentralized.
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It's unfortunate situation Dave. It seems like alternative views or thoughts aren't really valued by a select few. Majority value your input and thoughts.
You have been nothing but neutral and have stuck to your core values. I admire that, and I know many others do as well.
We lost whale for a similar reason, albeit whale was much harsher in his tone. I for one don't want to loose any more valued members in Cardano, who have nothing but brought value.
We need to understand the flaws and shortcoming of our ecosystem. Governance is currently controlled by few and that needs to be addressed.
Dave@ItsDave_ADA
On reflection I will not be posting any further content about Midnight. The way this has been framed misses the wider context that actually matters for Cardano. It also places me in a position that does not accurately reflect my intentions or the work I have been doing. To be candid, that is disappointing and has genuinly upset me.
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🚨 JUST IN: Ascend has joined @MidnightNtwrk as a node operator!
As mainnet approaches, we're thrilled to participate in securing the Midnight Network.
Privacy-first infrastructure is coming!

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I think it is important to note that signing a commercial contract with Circle was necesssary for USDCx to be brought to our ecosystem.
There were 4 choices that were considered:
1. Cardano Foundation - strong intent but unable to sign due to contractual requirements (they can opine to specifics should they wish).
2. EMURGO - we lack the technical capability to implement
3. Intersect - given their funding structure and long-term commitment of the contract; not viable nor do they possess the technical capability
4. IOG - willing, able, and capable (even if the ability to recover cost was unliklely)
NB: It is very unlikely any community project would be credible enough for Circle to be the counterparty. If there were, it would likely cost the community more. IO has proven time and again that they do their absolute best to act in the best interests of the Community.
Personally, having been involved in this enormously positive milestone for Cardano, every entity involved has made every effort to bring this missing core primitive at the lowest possible cost to the Treasury. In many instances, at a loss.
Questions are fine and I believe those that can be addressed... have been addressed. It will never be to the satisfaction of the entire Community (it's just life); but for now I sincerely commend @IOGroup and @IOHK_Charles for once again making it happen when no one else was able to step up.
Thanks to @Dave__Dionisio and @phil_uplc as well. Without these guys, we wouldn't have USDCx in Cardano right now. It is truly amazing.
Dave Dionisio@Dave__Dionisio
@planetmaaz @phil_uplc IO took on the commercial contract with Circle, allthough we would have strongly preferred not to. We are working to push fees towards zero. In no way is this a profit-making endeavor, and we may not even recoup our minimum costs.
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USDCx on @Cardano, a USDC-backed stablecoin with seamless access to crosschain USDC liquidity, is now available via Circle xReserve.
With USDCx, enterprises and end users can power payments, lending, trading, borrowing, liquidity provision, and more using a highly liquid stablecoin.
Supported at launch by Cardano DeFi apps @liqwidfinance, @MinswapDEX, and @SundaeSwap.
Key benefits:
✅USDCx is 1:1 backed by USDC held in xReserve
✅Fully interoperable with USDC across supported chains
✅Trust minimized with no third-party bridges required
**For the first 10 days, IOG will be covering all costs for bridging USDC to USDCx on Cardano, helping early adopters get started without fees or friction.**
Learn more: circle.com/blog/usdcx-on-…
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For anyone who's looking into building Cardano stuff with x402: Please do not come up with your own new standard.
Instead just use the standard we've created months ago together with the Cardano Foundation. The PR into the Coinbase Repo is open & we've had multiple calls with Coinbase about this standard, to make sure it aligns with their strategy.
It's flexible enough to support any kind of transaction, smart contract, etc. on Cardano.
Link below.

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⚡️Giveaway⚡️
Partnering up with @TavernStudios to celebrate the release of their RPG P2E game.
We are giving away to 15 winners 30 orbs (each) and 2 Adventurer NFTs to 2 winners.
✅Like&RT
✅Follow @TavernStudios
✅Follow @Sssebi
✅Comment "Cardano has games"

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