Charles Hoskinson, the founder of Cardano, has raised the need to relocate Cardano Foundation's legal base from Switzerland to enhance community involvement in decision-making.
Discussion on Cardano Foundation's Legal Base
In a recent discussion on platform X, Hoskinson noted that Switzerland’s legal system limits community involvement in decision-making, particularly in election board members.
Issues with Swiss Legal System
Hoskinson pointed out that under Swiss governance laws, the appointment of board members is controlled internally, excluding direct input from the Cardano community. He warned that this could lead to a lack of accountability, where board members may choose their successors indefinitely without community oversight.
Proposed Governance Changes
Hoskinson proposed a new structure where the Foundation could collaborate with the community to design a governance model that includes democratic principles. In such a structure, the Foundation could transfer its funds to the new setup, ensuring that decision-making is transparent and community-driven.
This discussion gained traction after Cardano Foundation’s official account was hacked, raising questions about the organization's security and transparency. Hoskinson insists on a new decentralized approach that aligns with blockchain principles, despite challenges regarding fair elections and effective governance.
