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Altcoins & DeFi

Hoskinson says he cannot run Cardano like a CEO. Who is accountable for its growth?

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Cardano founder Charles Hoskinson said around 28 minutes into his Nov. 7 AMA that he did not control Cardano's treasury or consensus and could not negotiate on behalf of all ADA holders. His argument that he cannot act as the ecosystem's CEO puts a practical question back before holders: who answers for the work meant to grow Cardano? The answer depends on the decision. Delegated representatives, or DReps, approve treasury spending, the Constitutional Committee checks constitutionality, and funded recipients deliver under the terms of their proposals. Named administrators must monitor fund use and ensure deliverables are achieved. Cardano's treasury guidance explicitly separates approval from reporting on payouts and results. Anyone can propose a treasury withdrawal.

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