Proposal Details

Treasury Requests
Governance Action Type
ACTIVE

Charles Hoskinson Transparency Act

0 likes
22 dislikes
13 comments
Submitted: 2 Apr 2025, 23:29 UTC (Epoch 549)
Updated: 9 May 2025, 19:52 UTC (Epoch 556)
# ID:241
cn

cnft_revol

Submitted: 2 Apr 2025, 23:29 UTC (Epoch 549)
Updated: 9 May 2025, 19:52 UTC (Epoch 556)

Abstract

Compel Charles Hoskinson, the founder of Cardano (ADA), to provide full transparency regarding the funds within ADA wallets, specifically those under his control or influence. The goal is to allow the Cardano community to have clear visibility into the founder's allocation and use of ADA funds to ensure proper management, accountability, and the prevention of any potential mismanagement or ethical violations.

Motivation

The Cardano community, as stakeholders in the ADA ecosystem, has a vested interest in the ethical and transparent use of funds raised through various initiatives, including but not limited to Cardano's development, marketing, and network expansion. Given the significant resources involved, there is a legitimate concern that lack of visibility into wallet transactions could enable potential financial mismanagement, fraud, or ethical violations, which would undermine the trust and integrity of the ecosystem.

Rationale

  1. Mandate Full Transparency.
  2. Community Oversight.
  3. Restitution and Accountability.

As stakeholders in the Cardano ecosystem, the community deserves transparency regarding the management and expenditure of ADA funds. This lawsuit seeks to ensure that Charles Hoskinson upholds his fiduciary duty and commitment to transparency, allowing the community to have full visibility into where and how funds are being allocated, thus preserving the integrity of the Cardano network.

Supporting Links

No supporting links provided

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Comments (13)

May 9, 2025, 07:52 PM UTC

What kind of dystopian cash grab nonsense is this? 265K ada to sue and "demand" charles expose his assets? With all due disrespect F NO.

Apr 21, 2025, 04:57 PM UTC

This is garbage !

Apr 20, 2025, 10:07 PM UTC

I unfortunately cannot get behind asking a person to show their personal information even if the curiostiy were justified. If Private funds are up for perusal of the community then all of us should share our information. I can understand the sentiment given his stature in the community but he regardless of function, position, or role is a CARDANO community member at theend of all things like myself and you as well, rights exsist for us all evenly without undue scrutiny. I DO NOT find value in this propsal. It is unfair to 1 of our community members, therefore it is unfair to us all.

olamide
Apr 17, 2025, 05:21 PM UTC

did this proposal really paid 100k to submit this nonsense?? Asking a private individual to declare their property is insane and time wasting

Apr 17, 2025, 12:36 AM UTC

I am confused, Charles is a private citizen. He is not a personal Cardano Treasury. Not sure what this proposal actually is interested in achieving. Is it curiosity as to the amount of Ada he is sitting on?

igatsam
Apr 16, 2025, 02:23 PM UTC

The idea of a "Cardano Transparency Act in Asia" is bold and interesting—especially if it's meant to promote blockchain integrity, good governance, and ethical standards in an ecosystem that's still developing. Here's what I think:

What it Could Be:

If you're imagining this as a voluntary framework or guideline—not a government law—it could serve as a community-driven standard that:

Promotes open data, traceability, and transparency in how Cardano-based projects in Asia operate.

Encourages projects to disclose treasury use, voting results, dev progress, and community involvement.

Provides a clear “seal of trust” for investors, builders, and users.

Why It Matters in Asia:

Regulatory Uncertainty: Many Asian countries have unclear or evolving crypto laws. A transparency framework could help preempt regulatory friction and show good faith.

Public Trust Issues: Scams and rug pulls have hurt the blockchain space. This kind of act could rebuild trust in Cardano-based initiatives.

Community-Led Governance: Aligns perfectly with Cardano’s emphasis on decentralized governance (like CIP-1694) and Project Catalyst ethics.

What It Could Include:

Disclosure standards (funding, tokenomics, team info, roadmap updates)

On-chain verification of treasury spending or project milestones

Proof of Community Engagement (e.g., voting snapshots, forum input)

Audit-friendly practices using open-source smart contracts

Multilingual access—Mandarin, Hindi, Bahasa, Japanese, etc.

Challenges:

Might face resistance from devs who see it as red tape.

Needs clear incentives (maybe visibility, funding access, or listing priority.

Are you envisioning this as a grassroots movement, a Catalyst proposal, or possibly something bigger involving local governments or NGOs? Because depending on your angle, it could take very different shapes.

Apr 16, 2025, 01:25 PM UTC

Totally out of line. Post Voltaire transition, Charles is a private citizen. That this proposal is trying to compel a private citizen to disclose financials is totally against the ethos of what we came here to build.

Apr 11, 2025, 04:42 PM UTC

This seems rather nefarious and does not align with the ethos of decentralization and privacy. If there was a Hell Nah option I would choose that one.

Apr 9, 2025, 09:32 PM UTC

I had to take a breath before submitting a comment. This orwelian attempt at "Big Brother" is an expression of the centralized system that Defi cryptogrophy is trying to disrupt. While we do need clarity for public accounting we definitly do not need it for our private accounting.

paulb
Apr 9, 2025, 02:21 PM UTC

The Genesys keys were burned. Whatever ADA Charles has belongs to him. We the people now control the treasury and decision making . I would vote NO to this proposal.

Apr 8, 2025, 09:04 AM UTC

While I appreciate the intent behind the Charles Hoskinson Transparency Act, I must express my concerns regarding its implications for the foundational principles of decentralization and individual privacy within the Cardano ecosystem.

At the core of blockchain technology is the principle of decentralization, which empowers individuals and communities to operate without excessive oversight from centralized authorities. Compelling Charles Hoskinson to disclose his personal holdings undermines this principle, effectively shifting the focus from community governance to personal scrutiny. This could set a precedent where personal financial transparency is mandated for key figures, potentially discouraging innovation and leadership within the ecosystem.

Charles Hoskinson, as a private citizen, has a right to privacy regarding his financial matters. Beyond the initial allocations provided during Cardano's inception, his subsequent holdings should not be subjected to public inquiry. It is essential to recognize that imposing such transparency requirements could infringe upon personal liberties and create an environment of distrust rather than collaboration.

The Cardano community should foster trust not through enforced transparency but through robust governance structures that allow for community input and oversight without encroaching on individual rights. Instead of mandating disclosures, we could explore mechanisms for community engagement that prioritize ethical behavior without compromising personal privacy.

While transparency is crucial for accountability, it should not come at the expense of individual rights and the decentralization ethos that Cardano champions. A more balanced approach would involve enhancing community governance and oversight methods that respect personal privacy while still promoting ethical practices.

blockjock
Apr 3, 2025, 11:13 PM UTC

You do understand that Charles is a private citizen and doesn't have to give anyone anywhere any information about how much ada he has. Just like I dont have to give you any of that information, or anyone else for that matter. Thats the whole point of decentralization and your ability to be self sovereign and one of the many reasons I am here. Giving someone authority over you is exactly what were here to prevent, I would imagine this proposal is most likley un-constitutional. You may want to at least consult with someone within the current icc before taking any further.

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