DRep ID: drep1ytuufvd6maykgfcp20fxgpx7g6a9z2suchqehfejwdsx8cgpx80yg
London, UK
- Tweets 1,261
- Following 612
- Followers 474
- Likes 6,123
This isn't the claim they think it is...
Solana screams centralised yet again.
Decentralisation is the revolution we are all here for. It is the reason this industry exists.
Solana masquerades as a blockchain but it really is just a centralised exchange, heavily marketed and manipulates statistics with wash trading anywhere it is possible.
It is a well funded VC extraction tool.
Anyone who actually understands the blockchain space knows this.
Market Cap goes up as Sol unit inflation increases. Validators take the funds, retail see their Sol unit price stagnate.
If people understood this properly then the timeline would only be Bitcoin and Cardano with some interesting privacy developments such as ZCash and Midnight.
Don't make the mistake of being sucked in by the VC Solana marketing machine.
$BTC $ADA $NIGHT $ZEC
2
1
9
388
Treasury Funding Allocation - The Case for Reform nitter.net/i/broadcasts/1dKrPrZQj…
4
18
127
61,681
Come listen to the NCL - Case for Reform - Roundtable!
$ADA
Join us Monday, September 21 at 13:00 UTC for Roundtable Talk: Treasury Funding Allocation - The Case for Reform
The 2025 and 2026 funding cycles have provided a real-world test of Cardano’s treasury allocation model. Now, with the 2027 NCL cycle approaching, it’s time to look at the bigger picture.
How should the NCL be structured? Should funding be divided into defined domains? What role should treasury runway, delivery, accountability and measurable outcomes play?
This Roundtable Talk brings together:
- @Cardano_Will, Cardano DRep
- @NicolasC3rny, Governance Lead, Cardano Foundation
- @silversoul8668, Web3 Governance Architect & Strategist
- @planetmaaz, Ecosystem & Enterprise Growth Lead, Cardano Foundation
- @ThomasNordicADA, Civic Operations & Constitution Consultant, Intersect MBO
The focus is not on re-litigating individual proposals, but on the mechanisms that could shape Cardano’s treasury funding model for 2027 and beyond.
Set a reminder and tune in.
🗓 addevent.com/event/r6kp7mspm…
1
2
7
367
I am one of those people who wants to run a pool and will run a pool.
There are obviously more people who want to be SPOs than we are targeting, so we should target more.
And there are many SPOs who would be willing to run their pools for cheaper, so we should let them do that too.
Why do we have to try and hold the beach ball underwater?
4
175
Democrats clearly aren't interested with success in the midterms.
This afternoon, Senate Democrats proved they were never truly serious about protecting consumers and preserving American leadership. I sat at the table with Senate Democrats working in good faith to get this done while they played games.
For over a year, they presented demands and the second we met them, they made new demands and moved the goal posts. Today they voted against real limitations on politicians’ personal crypto investments. They voted against protecting American consumers from the scammers and fraudsters this bill would have shut down. They voted against American leadership, and handed China and every one of our foreign competitors exactly what they wanted. Democrats chose politics over the American people—again. That’s not leadership on their part, that’s surrender to their radical, socialist base.
The once-proud Democratic party is anti-consumer and pro-illicit finance, anti-ethics, anti-free enterprise, anti-worker, anti-livable wage jobs, and pro-socialism. The Democrats are now anti-American. Sad!
2
236
100%.
The minPoolCost reduction is a no brainer to approve.
Small and starting SPOs have a fighting chance to attract delegation while larger SPOs can still set both their margin and minPoolCost however they please.
This is all about consistently improving and protecting decentralisation.
This is the fundamental value of blockchain. Everything else is secondary.
Let's ensure Cardano continues to do this best.
$ADA
Quite the opposite.
All this does is give more flexibility to small pool operators and a better shot at attracting delegation.
1
2
4
264
I've voted YES to reduce Cardano's minPoolCost from ₳170 → ₳75.
I supported this change previously, and I actually prefer this new proposal.
Why?
Because it has now been unbundled from the unrelated Plutus parameter changes.
One proposal.
One question.
One clear vote.
As block rewards decline, a fixed ₳170 pool cost increasingly penalises delegators to smaller pools.
For a pool producing only a small number of blocks, that fixed cost can consume a significant share of its rewards — making it harder for smaller independent SPOs to compete with large and multi-pool operators.
Reducing the minimum to ₳75:
🔹 Gives SPOs greater pricing flexibility
🔹 Reduces the structural disadvantage faced by smaller pools
🔹 Improves competition for delegation
🔹 Supports a more decentralised staking ecosystem
And importantly:
SPOs do not have a binding vote on this revised action.
That isn't an attempt to bypass SPOs.
minPoolCost on its own is an economic parameter.
The previous proposal required SPO approval because it was bundled with security-relevant Plutus changes.
Now that those changes have been separated, the appropriate ratification path is DReps + the Constitutional Committee.
SPO input still matters enormously and I really like that a CIP-179 survey has been linked to the action to gather wider ecosystem views on the future of Cardano's pool fee structure.
₳75 isn't the end state.
We still need to look seriously at minPoolMargin, k, pledge incentives and the wider staking reward architecture.
But this is a sensible step in the right direction.
Smaller pools should be able to compete.
YES. ✅
$ADA
DRep ID:
drep1ytuufvd6maykgfcp20fxgpx7g6a9z2suchqehfejwdsx8cgpx80yg
1
1
5
400
We’re sharing a solution to the Navier-Stokes Millennium Prize Problem, one of the deepest problems at the frontier of mathematics.
The proof was produced by a group of agents, using an OpenAI next-generation model significantly more capable than GPT-6 Astra.
The problem concerns whether the description of smooth three-dimensional fluid motion modeled by the Navier-Stokes equations can break down. It has remained unresolved for roughly 90 years.
5,727
20,155
120,553
74,851,577
Be careful about this until we know more...
$ADA
Some endings aren’t really endings.
Sometimes, they show you who was still standing beside you.
Before anything else, thank you.
When TapTools went offline, thousands of you reached out. Many asked how to help, how to support, and what came next.
This is Phase One. 🛠️
2
14
948
The stake pool I delegate to has still not voted on the min pool cost governance action - effectively meaning they are casting a no vote unless they decide to vote in the next few hours.
I am not risking this therefore I have decided to redelegate my stake to an SPO that has voted yes.
$ADA
I encourage everyone to investigate and do the same.
5
5
30
1,829
“It shows us nothing more or less than the deepest, most desperate desire of our hearts.”
Albus Dumbledore - Speaking of Cardano
cardano:native
3
3
41
1,265
Austrian economics is fundamental to the cypherpunk movement.
Money should not be debased at will.
A blockchain without a hard capped supply is a contradiction to this industry.
AI agents won’t choose a store of value that can be inflated into oblivion.
Humans who ignore this are either gambling or future exit liquidity.
This is why I choose my investments carefully.
Bitcoin and Cardano are clear as day.
And Midnight as the privacy complement?
That makes the thesis even stronger.
DRep ID: drep1ytuufvd6maykgfcp20fxgpx7g6a9z2suchqehfejwdsx8cgpx80yg
cardano:native midnight-3:native bitcoin:native
1
18
793
I've voted YES to reimburse the Ikigai governance deposit.
This one should have been resolved a long time ago.
Shortly after Chang in 2024, one of Cardano's earliest on-chain Governance Actions was submitted with the required ₳100,000 deposit.
Early governance tooling allowed an unregistered stake credential to be used as the return address.
The result?
The supposedly refundable ₳100k couldn't be returned.
This proposal finally fixes that.
It requests ₳103,000:
🔹 ₳100k original deposit
🔹 ₳3k modest compensation for lost staking rewards
Crucially, the payment goes directly to the same reward credential recorded in the original 2024 Governance Action.
No intermediary.
No delivery programme.
No execution risk.
Fully verifiable on-chain.
I don't think the Treasury should generally compensate people for mistakes, hacks or investment losses.
But this is different.
An early governance participant shouldn't lose ₳100k because Cardano's own early governance infrastructure accepted a configuration that couldn't return their deposit.
This is restitution, not funding.
Let's finally make them whole.
YES. ✅
cardano:native
DRep ID:
drep1ytuufvd6maykgfcp20fxgpx7g6a9z2suchqehfejwdsx8cgpx80yg
1
3
6
409
Check how your SPO is voting (or hasn't voted) on the min pool cost reduction Parameter Change governance action!
DRepTalk link:
dreptalk.com/t/reduce-minpoo…
Not voting is essentially a no vote.
You can always redelegate to an SPO that is voting yes on this important action!
2 days and 10 hours remaining.
27.7% of SPO stake is voting yes
67.7% has currently not voted.
50% is required.
1
120
Catching up with some votes after back from vacation:
I'm voting NO on the ₳4.21M Governance Incentives Framework.
Not because DRep & CC compensation isn't important, it absolutely needs solving.
But the bottleneck isn't another compensation study.
It's consensus.
We now have CIP-179.
Put the existing models on-chain. Let the ecosystem rank them. Find where consensus actually exists.
Then fund targeted modelling and pilots.
Coordination → Consensus → Validation → Implementation.
cardano:native
2
2
6
395
This is an important one.
Reducing min pool cost to 75 will support smaller pools and their delegators.
It makes the SPO environment more (but not completely) a level playing field.
Right now, the largest pools can offer better rewards because their min pool cost is split over a much higher saturation.
Reducing this fee allows new/small pools to be more competitive as they build up their delegation.
This is only positive for the continued decentralisation of the ecosystem.
SPOs and DReps please vote to approve this.
If your SPO is not voting or voting no then you can always change your stake pool delegation to one that is voting yes.
$ADA
I've run a Cardano stake pool for six years. Here is what the minimum pool fee actually does. Every figure below came off my own db-sync node tonight. None of it is quoted from anyone's proposal.
minPoolCost is a flat 170 ADA taken off a pool's rewards before delegators see anything.
Mean gross reward per block, epochs 641-650: 298.11 ADA.
Same fee, same epoch, different pool:
1 block → 57.0%
2 blocks → 28.5%
5 blocks → 11.4%
20 blocks → 2.9%
A twentyfold spread. That is not a fee. It is a charge that falls hardest on whoever earns least.
And one block per epoch is the good case. It takes ~1,010,400 ADA of stake to expect a block. The median pool sitting on the 170 floor holds 762,550. The typical affected pool expects fewer than one block per epoch. In those epochs it earns nothing, and neither do its delegators.
Be precise about who this hits. 504 active pools declare exactly 170 ADA: 18.8% of pools, 22.6% of stake. Among pools that actually mint blocks, 361 of 1,217. It is not every pool. It is the floor under every pool, and it is what a small operator is forbidden to go below.
That floor has not moved in 207 epochs. Two years and ten months. Set at 340 at Shelley launch in 2020, halved once in October 2023, nothing since.
Pools minting at least one block, over three years: 1,147 → 939. Down 18.1%.
There is an action on chain right now to cut it to 75 ADA. That would take the one-block share from 57.0% to 25.2%.
DReps: 63.59% yes, needs 67%. Short by 170 million ADA.
SPOs: 14-26% yes, needs 51%. Short by 2.7 to 7.6 billion.
The DRep gap is closable in three days. The SPO gap is not, because 17.3 billion ADA of pool stake has not voted at all. Among SPOs who did vote, yes leads 2.92bn to 0.49bn. Six to one in favour.
Sit with that. Nobody rejected this. 85% of voting SPOs backed it. 93% of voting DReps backed it. It dies because the stake that decides it never turned up, and on Cardano a non-vote is counted exactly like a no.
The Constitutional Committee has not reached its quorum either. Same silence, third chamber.
So ask who the status quo serves. Not the 504 pools on the floor. Not the 208 operators who stopped producing blocks. It serves whoever benefits from the fee staying exactly where it is, and they need do nothing at all to get it. They just have to not vote.
Deadline is the epoch boundary at 1 September, 21:45:10 UTC. Not later. There is no extra epoch.
SPOs: if you have never set up governance keys, do it now. If you truly have no view, ABSTAIN. An abstention leaves the denominator. Silence does not.
Every number here is reproducible from a public node. Queries, raw output and the full findings, including three results that cut against my own argument:
server-tools.grahamsnumberpl…
Check them. That is rather the point.
2
7
26
1,270
There are roughly 8.3 BILLION people alive today.
The UN expects that to reach 9 BILLION around 2037.
Meanwhile, governments continue accumulating debt.
And when the system comes under pressure?
QE.
Liquidity facilities.
Stimulus.
Yield suppression.
New acronyms for increasingly familiar monetary expansion.
The question becomes:
How do you store value through time in a monetary system where the unit itself can be continually diluted?
For thousands of years, the answer was scarce assets.
Gold solved scarcity remarkably well.
But gold has problems:
→ Difficult to transport
→ Expensive to secure
→ Harder to verify
→ Difficult to divide and transact globally
Digital scarcity changes the equation.
Cardano has a maximum supply of:
₳45 BILLION.
Now divide that by a future world of 9 billion people.
₳5 per person.
Five.
And that's before considering an autonomous agent economy potentially containing vastly more economic actors than there are humans.
Suddenly 45 billion doesn't sound like a large number.
It sounds extraordinarily scarce.
But the deeper point is about productivity.
Technology should make humanity more productive.
AI should make humanity more productive.
Automation should make humanity more productive.
And in a genuinely scarce monetary system, those productivity gains don't have to be absorbed by continual expansion of the money supply.
As civilisation becomes capable of producing more with less, the purchasing power of scarce money can increase.
Your savings become more valuable in real terms.
That is one of the most beautiful ideas in Austrian economics.
Work.
Create.
Save.
Become more productive.
And participate in the upside of civilisation becoming more efficient.
Compare that with a system where the monetary base can continually expand, diluting existing holders while newly created liquidity enters the economy unevenly.
That isn't technological progress benefiting everyone equally.
It's monetary dilution.
Decentralised digital scarcity offers humanity something profoundly different:
Money that nobody can print.
Money that nobody can arbitrarily debase.
Money that can move globally.
Money that can be independently verified.
Money secured by mathematics rather than political promises.
And this transition gets considerably more interesting when billions of humans are joined by potentially trillions of autonomous economic agents.
Humans need scarce digital property.
AI agents may need scarce digital property.
Both need neutral settlement infrastructure.
Both need verifiable ownership.
Both need a monetary system that doesn't depend on trusting another party not to change the rules.
Cardano has 45 billion ADA.
That's it.
If the global economy increasingly moves toward decentralised digital scarcity, I believe Cardano could be one of the biggest beneficiaries of that transition.
₳5 per human.
Now imagine the agents.
You see where this is going. 🔥
$ADA
4
11
38
1,595
This is a great point.
I tend to agree.
The value of $NIGHT will be derived from bith the need to generate a distrubuted $DUST and following this, governance emerging on Midnight.
As more systems arrive on Midnight and midnight-3:native is required to charge up the $DUST, that will be the moment.
Unfortunately, we're still away from those killer privacy apps that are going to kickstart this price thing.
1
4
59
2,218