#CardanoDebate The Cardano debate revolves around several key topics, including:
- *Governance Vote*: A major governance vote was live on the Cardano blockchain, where ADA holders and delegated representatives (DReps) debated a proposed 275 million ADA budget. The community is divided, with concerns over the size of the budget and potential centralization.
- *$100M Treasury Plan*: A proposal to deploy 140 million ADA from the treasury to kick-start stablecoin liquidity has sparked intense debate. Critics warn of potential sell pressure, while Charles Hoskinson defends a gradual execution strategy to protect the price.
- *Smart Contract Capabilities*: Hoskinson recently engaged in a public exchange with an AI bot, RoastMaster9000, over Cardano's smart contract capabilities. The bot criticized Cardano's development, comparing it to someone quitting a difficult PhD program for OnlyFans.
- *DeFi Growth*: Hoskinson proposes converting $100 million in ADA to Bitcoin and stablecoins to fix liquidity gaps and boost DeFi growth. This plan aims to solve Cardano's stablecoin shortage and attract institutional capital.
Some of the key concerns and opinions in the Cardano community include ¹ ² ³:
- *Budget Concerns*: Some community members are worried about the large budget proposal and potential overspending, which could affect ADA's market value.
- *Centralization*: There are concerns about giving too much control to a single body, which could lead to centralization, contradicting Cardano's decentralized nature.
- *Transparency*: Community members are calling for more transparency in the voting process, with some suggesting a more detailed breakdown of the proposal.
- *Stablecoin Liquidity*: The proposal to inject funds into stablecoin liquidity has sparked debate, with some arguing it could create long-term, non-inflationary treasury revenue.