REPRINTED FROM A TWEET BY LUCID CIC
Cardano will reach a $1 Trillion Dollar Market Cap because it has the best designed consensus mechanism and the most scalable infrastructure!🌐🔱
True ownership & the ability to acquire it is a feature that Cardano has highlighted immensely within its design! With Proof of Stake everyone has Ownership over the Cardano blockchain! Each person's voice is heard, the chain is secured, & true blockchain ownership is achieved!👑
Can one say that they truly own something when they depend on others to maintain it? This is why Proof of Stake is so powerful! It gives everyone responsibility over Cardano and the ability to always maintain self-custody over their assets.
Freedom is responsibility! Only the responsible individual can truly claim to be free. If you depend on anybody else to make decisions for you then you are not responsible enough to handle it yourself. You are not Free.
Cardano's Proof of Stake model puts the SPOs into a competition of leadership and community growth where as on Bitcoin miners are put into a competition of resources, which has always been natively centralizing for all of time. On Cardano anyone can be a leader and thus be a successful stake pool operator because the community of responsible individuals needs to work together with other responsible individuals!
Instead of a battle over resources Cardano's consensus mechanism has created a competition of leadership! That means that everyone on Cardano whether you are a $ADA holder or a SPO you are now a leader of Cardano! $ADA gives people the responsibility to maintain Cardano thus making the Cardano blockchain the most free ecosystem on the planet! Everyone's voice is heard, the chain is secured, and blockchain excellency is achieved!
Cardano has given everyone true ownership and true freedom! The most secure and decentralized ecosystem is now in the hands of the people! No one can take it away from them and Cardano's infrastructure is only becoming more advanced! The Millennia of freedom and prosperity is finally here with Cardano! $ADA 👑
NOTE: Perspectives change as awareness expands. Who among us can predict with accuracy what all the future holds for the crypto space or the world?
We can anticipate, speculate, simulate, postulate, but the larger picture of what's ahead, no one knows. Inner work becomes my greatest asset.
Cardano Governance Could be An Opportunity For Pure Democracy
DYANA - THE MEDITATIVE SOCIETY
Deep Dive: CIP-1694
An On-Chain Decentralized Governance Mechanism for Voltaire
by Alan Buxbaum
February 25, 2023
As many know, the core tenant that propels Cardano's many value propositions forward has been decentralization from the start. Every step that has been taken so far has been done with this fundamental paradigm leading the way.
One of the most important aspects of this becoming a reality is creating a governance that is ultimately determined by the community of ADA holders. This is arguably something that no other blockchain is close to seeing through, making this in and of itself the core value proposition of Cardano.
Now, if you've been on Cardano Twitter over the past few weeks, this might be a scary thought...and, in many ways, it should be! Various sects of humanity have been trying to figure out a fair and distributed form of functional governance for quite some time.
[Gary 's note: Whereas Cardano represents an evolution of blockchain technology, the question is whether harmonious self-governance can be sustained without corresponding whole human evolution of the community members. My solution, for which few may be currently ready, is in a collective toolkit being developed.]
Lucky for us, society has never been equipped with the range of tools that it has now: the internet, the ability to automate process(es) via code, and of course, a solution to the Byzantine General Problem....
What Is CIP-1694 Solving?
CIP-1694 is a massive step towards solving what many see as the original reason for blockchain's existence: a network that is run by its users without the need for a centralized group of actors, hence (in theory), creating a fairer set of conditions for all.
Specifically, the implementation of CIP-1694 should allow the community to have complete control over the CIP process and protocol changes.
For anyone who isn't aware, CIP stands for "Cardano Improvement Proposal" and is the mechanism by which protocol/parameter changes are made on Cardano's base layer. Given that any legitimate blockchain's code must have proper checks and balances, it should be apparent why this process is such an important one....
How To Get Involved
If you've made it this far, you have permission to close your eyes and take a deep breath. Yes, these ideas are complex and experimental in nature, meaning that no one knows what the future will bring.
This is why it's vital that community members contribute whatever expertise and energy they have towards making sure that CIP-1694 (and subsequent governance measures) are as thorough and well-thought-out as possible. As they say, it takes a village. 🤠
What are your thoughts on all of this? You can express them via the CIP-1694 GitHub, on Twitter, or even email IOG about it!
FEBRUARY 24, 2023
Don’t Push Crypto Offshore, Don’t Outlaw Disruptive Innovation
By Jack Solowey
U.S. regulators are cracking down on crypto. Aggressive enforcement actions, cautionary guidance, and continuing refusals to provide crypto projects with clear approval pathways are threatening to make the U.S. an increasingly difficult place for crypto entrepreneurs, developers, and users....