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In a livestream on December 21, titled “Partnerships,” Cardano founder Charles Hoskinson addressed lingering questions about the relationship between Input Output (IO) and the Cardano Foundation (CF), while also offering broader insights into the ecosystem’s path forward. During the nearly 40-minute session, Hoskinson responded to a public remark by a longtime community member, Rick McCracken, touching on everything from on-chain governance to potential integrations with ecosystems like Polkadot, Hedera Hashgraph, and more. Hoskinson Takes Another Jab At The Cardano Foundation The conversation stemmed from McCracken’s post on X questioning whether disagreements between IO and the CF might jeopardize external partnerships. In that post, McCracken expressed concern, writing, “If Charles, Tam, and Fred can’t build a lasting professional relationship between IOHK and Cardano Foundation inside of the Cardano ecosystem, why should I expect them to build the lasting professional relationship with organizations outside the ecosystem?” Hoskinson responded directly, explaining his frustration with what he calls a longstanding, “philosophical and fundamental difference” between the two entities. Throughout the livestream, he emphasized that these disagreements largely revolve around the foundation’s structure and its use of community funds, which he believes should be steered by the ecosystem rather than a closed board. “For three years, there’ve been disagreements and fights because there’s a philosophical and fundamental difference between the Cardano Foundation and Input Output,” Hoskinson stated. “Some fights are worth having, because that’s a war chest for our ecosystem and it’s under the control of people that are unaccountable to the community.” A central point of contention, according to Hoskinson, is the Cardano Foundation’s control over an estimated $600 million worth of ecosystem funds. He underscored that, in his view, these funds are “the community’s money” and should be deployed with robust transparency and accountability. “It’s $600 million of your money, my money, everybody’s…

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Filed under: News - @ December 23, 2024 3:21 pm