- Charles Hoskinson argues Cardano Foundation governance
- He proposes a membership-based model (MBO)
- It should increase community engagement and fix many issues
Cardano Co-founder Charles Hoskinson argues for the Cardano Foundation governance structure and proposes a membership-based model (MBO). He believes this should increase community engagement and solve many of the ecosystem’s problems and barriers to growth.
More About Charles Hoskinson’s Proposal
Charles Hoskinson believes the main problem with Cardano’s governance is the non-membership governance model, which creates a lack of community engagement and oversight. This has created tensions and stalled the growth of the blockchain and its ecosystem.
However, he insists on the need for fundamental change, with Cardano Foundation governance itself as the best solution.
“The organization should be an MBO. It would solve so many issues people have been complaining about for years.”
Insisting on the need for a membership-based model would give users more control over decision-making and solve long-standing issues like social coordination, advocacy for developers, liquidity, and exchange listings.
In addition, he noted positively the attempt at a solution in the form of Intersect, a community-led initiative. However, its limited funding and reliance on volunteers prevent it from being a sustainable and consistent solution tool.
He will also note, now negatively, Pragma, another initiative. He called for supporting organizations created and led by the community and helping to empower existing projects rather than creating competing organizations.
He commented that if the best solution, in his opinion, is not what the Cardano Foundation can do, then at least they should not discourage initiatives like Intersect.
“If they don’t want to do that, then at least don’t get in the way of Intersect and the budget for the community to build one themselves.”
Conclusion
Charles Hoskinson is the voice of the community and is clearly on its side, and as many of them have said in X ‘Never change Charles – never compromise your values.’
Perhaps Hoskinson’s initiative will be a success, and it will be very interesting to see how the blockchain and the ADA will behave. However, it’s too early to tell, and we need to watch it very carefully. Be attentive and stay plugged in.
