Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano 2025:
Charles Hoskinson
Maps Out Road Ahead
Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano 2025: Charles Hoskinson Maps Out Road Ahead
by Jake Simmons
13 minutes ago
in Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano
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In a livestream broadcast on December 19, 2024, Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano founder Charles
Hoskinson delivered new remarks on the conflict with the Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano Foundation,
structural complications, and strategic priorities moving into 2025.
It’s About Governance
Hoskinson began by acknowledging the shift from “governance on paper” to
“governance reality” throughout 2024, referencing a series of “deep and
significant governance conversations” during the December Constitutional
Convention. He highlighted the historical trajectory of the Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano
Foundation’s board composition and jurisdictional issues dating back to 2014,
as well as disputes that arose in 2021 and earlier.
Related Reading: Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano Foundation Under Swiss Government• Объект организация » Организации по алфавиту » Организации на Пр » Правительство Швейцарии
• Швейцария » Государственное устройство Швейцарии » Правительство Швейцарии
• Государство » Государственное устройство Швейцарии » Правительство Швейцарии Control, Charges
Hoskinson
He described the Foundation’s origins, including the initial founding by
Michael Parsons on the Isle of Man and the subsequent relocation to
Switzerland. According to Hoskinson, the legal entity known as a
“Stiftungsrat” (foundation) had been repurposed from a structure not
originally intended for decentralized cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта: “The stiff tongue
structure, the structure that the Foundation is, was never intended for
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта foundations.” He noted that attempts were made to transition
the Foundation’s jurisdiction to a members-based organization better suited to
community oversight and decentralized governance, but these efforts were
ultimately thwarted by internal board conflicts and regulatory intervention.
Hoskinson further detailed a period in which the majority of the Foundation’s
board advocated relocating and restructuring the entity. He stated that a
minority faction opposed these moves, initiating a legal dispute. Following a
ruling in favor of the majority, an administrator appointed by the Swiss
regulator (Eidgenössische Stiftungsaufsicht, ESA) intervened to force board
changes. This intervention, according to Hoskinson, effectively allowed the
Swiss government• Объект организация » Организации по алфавиту » Организации на Пр » Правительство Швейцарии
• Швейцария » Государственное устройство Швейцарии » Правительство Швейцарии
• Государство » Государственное устройство Швейцарии » Правительство Швейцарии, through its administrator, to determine the new board
composition. Although he acknowledged potential semantic debates, Hoskinson
Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano Foundation Under Swiss Government• Объект организация » Организации по алфавиту » Организации на Пр » Правительство Швейцарии
• Швейцария » Государственное устройство Швейцарии » Правительство Швейцарии
• Государство » Государственное устройство Швейцарии » Правительство Швейцарии Control, Charges Hoskinson : “To me
that sounds like the Swiss government• Объект организация » Организации по алфавиту » Организации на Пр » Правительство Швейцарии
• Швейцария » Государственное устройство Швейцарии » Правительство Швейцарии
• Государство » Государственное устройство Швейцарии » Правительство Швейцарии appointed the board.”
In Hoskinson’s view, the current Foundation structure lacks the most critical
element of decentralized governance—community accountability. “I do not
believe something that calls itself the Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano Foundation should be
structured in a way where its board can never be held accountable by the
Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano community and its board chooses its own successors,” he stated,
adding, “You can never recover from that original sin until you correct it.”
Hoskinson added, “My complaint is not about people, it’s about governance.”
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He described various efforts to create more suitable governance bodies and
entities, including the development of Intersect and outreach to other
ecosystem contributors. According to Hoskinson, Input Output Global (IOG)
encouraged the Foundation to join new organizational structures conducive to
community oversight, funding, and inclusive decision-making. However, the
Foundation launched its own initiatives, such as Pragma, without providing IOG
a corresponding opportunity to participate.
Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano s Path For 2025
Looking ahead to 2025, Hoskinson underscored two remaining steps for Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano’s
governance transformation: ratifying a community-approved constitution and
establishing an annual on-chain budget. Both steps, he noted, would allow for
broader participation and resource allocation to ecosystem developers who have
been historically underfunded. “We are in a very competitive industry and we
have to have the cognizance that we need to spend as an ecosystem to grow and
thrive,” he said, urging the community to consider the importance of
distributing treasury funds to core builders, innovators, and infrastructure
projects.
He conveyed concern that the Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano Foundation, if it voted “no” on the
forthcoming budget, could hinder long-term ecosystem growth. While he stated
that this would not directly affect IOG’s operations or technology
initiatives, it could impact developers and community participants in need of
stable, sustainable funding: “If they were subject to community
oversight maybe it’s not a good thing to have so much ADA accumulated
voting no for absolutely necessary funds for the ecosystem to grow.”
Despite these governance challenges, Hoskinson remained optimistic about
Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano’s trajectory. He reaffirmed IOG’s commitments to adoption,
interoperability, and technological advancement independent of on-chain
governance outcomes. He highlighted the upcoming Bitcoin integration,
enhancements to the Lace wallet, and the anticipated impact of the
privacy-focused Midnight sidechain. “Midnight will be the single biggest
economic event for the Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano ecosystem in its history. It s going to
airdrop to more than a 100 million people and build bridges with all the major
networks and bring people together,” said Hoskinson.
To further strengthen Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano’s position, IOG plans to enhance core ecosystem
functionalities, improve critical tooling and standards, and secure necessary
integrations with custodians, wallets, and other platforms. Hoskinson
emphasized that IOG would not seek treasury funding for these moves, instead
choosing to invest its own resources: “We’re going to get Bitcoin to work with
Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano and we’ll be there at Bitcoin 2025 with a great demo.”
At press time, ADA traded at $0.79. ADA price falls back below the 0.236 Fib,
1-week chart | Source: ADAUSDT on TradingView.com
Featured image from YouTube, chart from TradingView.com
