Charles Hoskinson Calls for Cardano Foundation to Relocate for User Involvement
Charles Hoskinson, the founder of Cardano, has raised concerns about the current board structure of the Cardano Foundation. In a recent social media post, he called for the Foundation to relocate to a jurisdiction that allows its users to elect board members, emphasizing the importance of community involvement in decision-making processes.
Issues with Current Setup
- Hoskinson criticized the Swiss government’s appointment of board members without community input.
- He expressed concerns about individuals connected to past decisions and the Foundation’s relationship with Intersect.
- He suggested relocating to regions like Abu Dhabi or Wyoming for more inclusive governance models.
Proposed Solution
Hoskinson proposed a collaboration between the community and the Foundation to design a new structure that promotes transparency and member participation. He suggested that the Foundation grant funds to this new structure for improved governance.
Cardano Foundation Establishment
The Cardano Foundation was established in 2016 under Swiss law, which does not allow for community-based board elections. The Foundation explained that the legal form chosen in 2016 does not support a membership-based model, leading to the current governance issues.
Current Challenges
- The Foundation has faced criticism over governance problems, internal conflicts, and marginalization of key contributors.
- Efforts to enhance transparency through open forums have not resolved calls for leadership restructuring.
- The Foundation plans to host an X Spaces series to provide more insight into its operations and address community concerns.
