CoinVoice has recently learned that Cardano founder Charles Hoskinson responded to the controversy regarding the governance structure of the Cardano Foundation (CF), emphasizing the importance of decentralized principles and community oversight. The controversy originated from well-known figure in the Cardano community Rick McCracken's questioning of the foundation's leadership and transparency, claiming a lack of effective community oversight.
Charles Hoskinson noted that the foundation has no direct connection with IOHK and Emurgo. The use of the Cardano Foundation's $600 million ADA treasury does not directly represent the community. In his view, the foundation's lack of enthusiasm for funding projects like Catalyst could hinder the development of the ecosystem. This approach may lead to future sustainability issues for the ecosystem, especially considering that major contributors like IOHK work without proper incentives.
Charles Hoskinson's response to McCracken's statement is that these comments are quite 'offensive' and 'disappointing'. He pointed out that IOHK does have some issues, such as needing to lay off staff during the bear market, but has always focused on the ecosystem. [Original link]
