🚨 Cardano governance under scrutiny! Cardano founder Charles Hoskinson addresses concerns about the Cardano Foundation's governance structure 🤔. Hoskinson emphasizes commitment to decentralization and community oversight, but expresses concern about the Foundation's $600 million ADA treasury 📊. Analysis of the event:

Governance structure: The Cardano Foundation operates independently of IOHK and Emurgo, but Hoskinson criticizes a lack of enthusiasm for funding projects like Catalyst.

Community interests: The Foundation's ADA treasury does not directly represent the interests of the community, posing sustainability challenges for the ecosystem.

Transparency and leadership: Cardano supporter Rick McCracken raises questions about IOHK's transparency and the overall direction of the ecosystem, and advocates for changes to governance.

#Cardano#Governance#Decentralization$ADA