$ADA
I am a little conflicted 🤔 regarding Charles Hoskinson's proposal to allocate $100 million in ADA from the treasury to acquire BTC and stablecoins. On one hand, I understand the need for a boost in Cardano's DeFi sector 🚀; an injection of liquidity could attract more users and developers, demonstrating ambition. However, on the other hand, I find it risky ⚠️ to use treasury funds in this way, especially in such an unstable market environment 📉 and with governance that is still not fully decentralized. This approach feels like a top-down decision in a space that should be driven by the community 🤝. If this does not turn out well, it could affect trust in the project 🙁. I am watching closely 👀, hoping for growth, but also with concerns about this management approach.
