Special Announcement on the investigation of the Cardano Foundation

It’s a good point @Jotunn.

But you can’t be too demanding initially when collecting signatures. Imagine what would have happened if we ask for passport copy or anything like that.

You are right that there might be an error rate or 5-15% in the signers in terms of whether they used their real name and location.

But it’s possible to build on this base and take it further if required by sending all the signers a message to help with a second step.

Let’s hope it’s enough that we all show how much we care and love Cardano and are unhappy with the performance of the Foundation.

If it has to go on a legal way we will have to collect the identities in a more complaint way.

If you have any good ideas would there be need for such a second step it would be great to have your help & expertise here?

Thanks for your message.

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The fact that the whole conversation has arisen should be enough for CF or Mr Parsons to explain what’s going on.

I’m surprised that nothing has been said yet under the weight of all of this, not unless it has and is on another source some where.

Bullish rightly suggests dealing with this first then addressing other concerns going forward.

If the initial conversation isn’t dealt with then it’s at risk of being diluted by the fog of others.

We should be seeking feedback and answers right now.

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You are correct if it continues KYC would probably be needed, still perhaps an alternative route, like a vote per wallet address, those address would have to be created before a date to avoid gaming the system.

Wallet address ‘voting’ could and probably should take place on Cardano if you think this could be a viable solution, count me in.

One would think.

I would have signed that Guardians letter for sure. It emphasises many known problems that we as community have been pointing out for a long time…:raised_hands:

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I was not impressed by the poorly written email Guido Schmitz-Krummacher sent to IOHK. I would expect more from someone high up in the chain of the CF.
Anyone touting himself as a “Blockchain & Crypto Expert” as mentioned on his Linkedin page is obviously not the right person to be in such a position of power. It never ceases to amaze me what people can do to reach these power circles.
This is turning into pure politics and it may be a radical view but my opinion is that it smells like sheer incompetence.

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This is a really interesting experimental example of how governing bodies and checks and balances will work when the possibility of incompetence, immorality or vested interest is dealt with or creeps into the system.

I am very interested in how we handle this as a group and the space more generally approaches this. It’s a survival test of sorts, a sort of a game in a way.

This is (possibly) an example which we live with in our existing ‘real world ‘ ecosystem. (Mistakes, immorality or vested interest).

It’s a unique test of the governance model. This may be a needed growth step. I think you learn ‘different’ (and arguably more important) things in adversity as to succeed. We just have to persist, Remain level headed and handle the situation.

I really wish things weren’t this way with this situation. But I think the correct way to view this is what systems do we have in place to handle this without the community devolving into mob mentality, (which I am happy that I see less than I do in other projects).

I’m interested to see how this plays out.

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Just curious if anyone knows why there is Cardano Stiftung (Foundation) registered on September 13, 2016, with Michael Parsons listed as the “president of the committee of founding”… and separate entity registered in Switzerland as a corporation by the name of “Cardano AG”, registered on March 28, 2018, with Michael Parsons listed as the “President of the Board of Directors”. The company address for Cardano AG has the same address as the Cardano Foundation. See the document below.

I am interested to hear the story behind this if anyone knows or can point me to where this has been discussed already. Thanks!

** Also interesting to note that the stated purpose of the Cardano AG corporation is “Development, Marketing, and Licensing of Software…”. It seems Mr. Parsons put up 14 BTC to issue 100,000 shares of this company, at 1 CHF (Swiss Franc) per share.

One more addition… the Cardano “corporation” was originally located in Steinhausen then moved in July 2018 (only 5km away) to same office as the Cardano Foundation in Zug. Why the move? Save on commute time?

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That’s extremely interesting, thanks very much for flagging it up!

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An iteresting and most peculiar find. Thanks for this.
It’s being picked up rather swiftly… https://twitter.com/CardanoOf/status/1055770828623753217

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More twitter:

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Seems he is positioning himself for takeover moves. The sooner he ceases & desist the better, he is in no way healthy for the Cardano ecosystem. imho.

Totally agree, I suspect he has very bad plans, but don’t believe he will succeed. The fact that he secretly created a company by the same name as the foundation and registered it to the same address is extremely concerning. As far as I can tell no one knew about this. It seems clear he is motivated by trademark and seeking to cash in on the Cardano name for himself. I am glad to see Charles is in Switzerland now.

Wherever there is something valuable being created by the hard work and ingenuity of others, there are no doubt ones waiting to steal and take advantage and claim for themselves. This is to be expected if Cardano is worth anything. Didn’t expect it would be the director of the foundation himself.

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There seems to be no shortage of scandals with Mr. Parsons. Ask yourself this: who else was involved with the foundation in the beginning? Why did they leave?

How on earth is it even possible that there have been no statements made or questions answered by CF?

It’s beyond belief that this man refuses to speak to our community, while he’s retweeting btc related stuff and doing nothing…

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Yes, you ask the questions I have been dwelling on the last few days. Who is Michael Parsons, really? Who are these others, and why did they leave? Who really is Pascal Schmid? Why so secret and silent? It is strange activity.

There are two board members of the newly created Cardano Corporation, they happen to be Michael Parsons and Pascal Schmid, the only two board members of the Cardano Foundation. Same two guys. Same business address. Same name. Very different legal ramifications. The Cardano Corporation was formed by Michael and Pascal for the purpose of “LICENSING AND DEVELOPMENT OF SOFTWARE”. What freaking software are these two bankers developing code for in their spare time? Seriously.

What software will the Cardano Corporation be licensing? WHAT ARE THESE TWO GUYS REALLY UP TO? Seriously. We need to get answers as investors and community members.

And why is the only other CF council member (Pascal Schmid) also a board member of the LISK foundation? He certainly isn’t busy promoting Cardano, so what is he doing?

@io_jeremy you have said in a post in this forum (post link) that Cardano is open source. What type of open source license? Who owns the copyright? Who paid IOHK to do all this work? As a serious investor I would really like to know.

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This whole situation is fucked. I agree, Bullish, it’s crazy how the CF is operating. This does not instill confidence into the Cardano ecosystem

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The plot is most certainly thickening.

If you haven’t seen these videos, they give an idea of how pissed Charles is about the situation…

Does anyone know the purpose of Charles visit to Switzerland, is it to follow this up?

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Charles was speaking at the Crypto Summit in Zurich, which is about 35 km away from the Cardano Foundation headquarters in Zug.

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You plan to sell ADA?

No, I don’t plan to sell. I plan to buy like I have been since last October. Like the disciples said to Jesus when he asked them if they too would go away: “where would we go…”.

EOS? ETH? Charles speaks truth and wisdom that resonates with me. Cardano will succeed, it just may have some governance and growing pains due to MP. It may be that this makes Cardano stronger in the end.

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Hes there for a summit on crypto. He gave a speech on STO’s but it is highly unlikely that they are not meeting imo. This isn’t confirmed.

If you would like to know more about the summit or have any questions they have a TG channel:

t.me/crypto_ico_summit

Scott and the other admins are really helpful and can forward questions to their team.
It was a really nice summit from what i gathered,

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