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Cardano founder Hoskinson addresses centralization concerns and the role of the Cardano MBO in ensuring the democratic governance of the platform. 
In a recent Twitter exchange, Charles Hoskinson, the founder of Cardano, addressed concerns and misconceptions surrounding the Cardano Member-Based Organisation (MBO) and the platform’s decentralization efforts.&nbsp; 
Responding to a comment from the crypto community members, Hoskinson expressed his commitment to ensuring the democratic nature of Cardano’s governance. 
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 I'd love to have a detailed explanation where an MBO "has all the power". Every role that has power is elected by the Ada holders and all governance is on chain. The point of institutions like an MBO is that its another structure to assist in the execution of the will of ada… 
 <a href="https://twitter.com/IOHK_Charles/status/1674737034332700672?ref_src=twsrc%5Etfw">June 30, 2023</a> 
</blockquote> 
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The conversation began when Upstream, a&nbsp; <a class="editor-rtfLink" href="https://thecryptobasic.com/2022/10/20/cardano-foundation-selects-45-stake-pools-for-delegation-out-of-188-applicants-in-october/" target="_blank" rel="noopener">Cardano Stake Pool </a>&nbsp;known for its community and sustainability focus, highlighted the importance of workshops providing a platform for community feedback on Cardano’s on-chain governance.&nbsp; 
In response to Upstream’s tweet, a Twitter user&nbsp; <a class="editor-rtfLink" href="https://twitter.com/RaptureNewLife/status/1674723937073102848?s=20" target="_blank" rel="noopener">voiced </a>&nbsp;skepticism, suggesting that MBOs would ultimately control Cardano. 
Charles Hoskinson promptly responded, stating his interest in a detailed explanation of how an MBO would possess ‘all the power,’ as the skeptic Twitter user projected. ...
<a href="https://thecryptobasic.com/2023/07/01/cardano-founder-addresses-centralization-concerns-related-to-ada-mbo/">Read more</a>

Cardano Founder Addresses Centralization Concerns Related to ADA MBO

TheCryptoBasic

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