Charles Hoskinson, the visionary founder of Cardano, has recently made a bold call for the Cardano Foundation to consider relocating to a jurisdiction that allows its users to elect board members. This move, according to Hoskinson, would promote a more inclusive and transparent governance model for the Foundation.
In a post on social media platform X on Dec. 18, Hoskinson urged the Cardano community to question the Foundation about its board structure and decision-making processes. He expressed concerns about the current arrangement, where board members are appointed by the Swiss government without any input from the community. Hoskinson also raised questions about the individuals connected to the Foundation’s past decisions and its relationship with Intersect.
Critiquing the Foundation for remaining in Switzerland, Hoskinson suggested that relocating to regions like Abu Dhabi or Wyoming would provide a more conducive environment for community collaboration. He emphasized the importance of designing a new structure with the Foundation that prioritizes transparency and member participation.
The Cardano Foundation, established in 2016, currently operates under Swiss law, which does not allow for community-based board elections. The Foundation explained that the legal form chosen in 2016 was not conducive to a membership-based model, but rather suited the Foundation’s initial goals.
Hoskinson’s remarks come at a time when the Foundation is facing criticism over governance issues, internal conflicts, and alleged marginalization of key contributors. Despite efforts to improve transparency through open forums, calls for leadership restructuring persist. The Foundation is planning to host an X Spaces series where top leadership will provide more insight into its operations.
In conclusion, Hoskinson’s call for the Cardano Foundation to consider relocating to a jurisdiction that supports more inclusive governance models reflects his commitment to fostering transparency and community participation. By engaging in a dialogue with the Foundation, the Cardano community has the opportunity to shape a new structure that aligns with their values and vision for the future of Cardano.