[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  $matiwinnetou | C₳rdano F₳ns (CRF₳) [@matiwinnetou](/creator/twitter/matiwinnetou) on x 12.7K followers Created: 2025-07-28 15:11:20 UTC The problem is not a project wanting X mln ADA for something which you like or not, you are not agreeing to this and voting this OUT and you are afraid others will vote this in (which is a fair concern) but calling this a potential failure of Cardano is misguided. Another problem is that you may not like this but others will, so that means "my way or high way". Effectively if you don't believe in this working it means you don't believe in democracy and alternative is ... what we all tried already: autocracy / dictatorship... and we know how it works. There are plenty of such "L1s" somewhat decentralised network operators but centralised governance or coin issuance. Those of the later effectively mean it is centralised because if I control the roadmap, it means it is a centralised db in a way. If I control coin issuance, it means it is a security (as close as you possibly can). Now maybe you like crypto securities and that's ok but at least be honest about it. Honesty is a scarce resource when money is on the table I guess. Game is simple, it all had trade-offs, Cardano current governance is plutocracy, which is also with trade-offs, alternative is X person X vote or fully KYC (could be zk based) quadratic voting. Ultimately no matter what you try to do, you hurt somebody else, plutocratic voting is unfair since people that have more (means they worked more) should have a more voting power... leading to plutocracy. It's all cooked, there are only trade-offs. In X person X vote I heard arguments, why my mother should have the same voting power if she has X ADA as me with 1000 (more skin in the game). Direct democracy + dReps plus what we have in Cardano with some form of experimentation of quadratic voting is probably all we have, if it doesn't work, we have nothing left. You cannot mistake other people's having different decision than you for a failure of the system, it means they have different opinions, perhaps different access to information than you (which is fair argument) then work on how to make them have the same access to the same information to make good decisions. It should not be hard to launch a cardano platform / forum where people could get access to full information (not reddit, something else). PS. Not talking about any particular project. XXXXX engagements  **Related Topics** [mln](/topic/mln) [not a](/topic/not-a) [$matiwinnetou](/topic/$matiwinnetou) [cardano](/topic/cardano) [coins layer 1](/topic/coins-layer-1) [coins made in usa](/topic/coins-made-in-usa) [coins cardano](/topic/coins-cardano) [coins pos](/topic/coins-pos) [Post Link](https://x.com/matiwinnetou/status/1949850166137110569)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
$matiwinnetou | C₳rdano F₳ns (CRF₳) @matiwinnetou on x 12.7K followers
Created: 2025-07-28 15:11:20 UTC
The problem is not a project wanting X mln ADA for something which you like or not, you are not agreeing to this and voting this OUT and you are afraid others will vote this in (which is a fair concern) but calling this a potential failure of Cardano is misguided.
Another problem is that you may not like this but others will, so that means "my way or high way".
Effectively if you don't believe in this working it means you don't believe in democracy and alternative is ... what we all tried already: autocracy / dictatorship... and we know how it works. There are plenty of such "L1s" somewhat decentralised network operators but centralised governance or coin issuance. Those of the later effectively mean it is centralised because if I control the roadmap, it means it is a centralised db in a way. If I control coin issuance, it means it is a security (as close as you possibly can).
Now maybe you like crypto securities and that's ok but at least be honest about it.
Honesty is a scarce resource when money is on the table I guess.
Game is simple, it all had trade-offs, Cardano current governance is plutocracy, which is also with trade-offs, alternative is X person X vote or fully KYC (could be zk based) quadratic voting.
Ultimately no matter what you try to do, you hurt somebody else, plutocratic voting is unfair since people that have more (means they worked more) should have a more voting power... leading to plutocracy. It's all cooked, there are only trade-offs. In X person X vote I heard arguments, why my mother should have the same voting power if she has X ADA as me with 1000 (more skin in the game).
Direct democracy + dReps plus what we have in Cardano with some form of experimentation of quadratic voting is probably all we have, if it doesn't work, we have nothing left.
You cannot mistake other people's having different decision than you for a failure of the system, it means they have different opinions, perhaps different access to information than you (which is fair argument) then work on how to make them have the same access to the same information to make good decisions. It should not be hard to launch a cardano platform / forum where people could get access to full information (not reddit, something else).
PS. Not talking about any particular project.
XXXXX engagements
Related Topics mln not a $matiwinnetou cardano coins layer 1 coins made in usa coins cardano coins pos