{
"@context": {
"@language": "en-us",
"CIP100": "https://github.com/cardano-foundation/CIPs/blob/master/CIP-0100/README.md#",
"CIP129": "https://github.com/cardano-foundation/CIPs/blob/master/CIP-0129/README.md#",
"CIP136": "https://github.com/cardano-foundation/CIPs/blob/master/CIP-0136/README.md#",
"hashAlgorithm": "CIP100:hashAlgorithm",
"body": {
"@id": "CIP136:body",
"@context": {
"govActionId": "CIP129:governance-action-identifiers",
"references": {
"@id": "CIP100:references",
"@container": "@set",
"@context": {
"GovernanceMetadata": "CIP100:GovernanceMetadataReference",
"Other": "CIP100:OtherReference",
"label": "CIP100:reference-label",
"uri": "CIP100:reference-uri",
"RelevantArticles": "CIP136:RelevantArticles"
}
},
"summary": "CIP136:summary",
"rationaleStatement": "CIP136:rationaleStatement",
"precedentDiscussion": "CIP136:precedentDiscussion",
"counterargumentDiscussion": "CIP136:counterargumentDiscussion",
"conclusion": "CIP136:conclusion",
"internalVote": {
"@id": "CIP136:internalVote",
"@container": "@set",
"@context": {
"constitutional": "CIP136:constitutional",
"unconstitutional": "CIP136:unconstitutional",
"abstain": "CIP136:abstain",
"didNotVote": "CIP136:didNotVote",
"againstVote": "CIP136:againstVote"
}
}
}
},
"authors": {
"@id": "CIP100:authors",
"@container": "@set",
"@context": {
"did": "@id",
"name": "http://xmlns.com/foaf/0.1/name",
"witness": {
"@id": "CIP100:witness",
"@context": {
"witnessAlgorithm": "CIP100:witnessAlgorithm",
"publicKey": "CIP100:publicKey",
"signature": "CIP100:signature"
}
}
}
}
},
"hashAlgorithm": "blake2b-256",
"body": {
"govActionId": "gov_action10dp9wzmgt2nqshyrghufff4sfhcxedhmzluly5k0azguatnsthwqqs84cjf",
"summary": "I vote NO. Singapore is a great location and the only event spend I considered supporting at this time. However, given the current position of ADA, I must prioritize spend elsewhere. As a DRep with Cardano Foundation delegation, I must stay true to my principles despite this tough choice.",
"rationaleStatement": "A [PDF version][pdf-link] of this rationale is also made available.\n\n[pdf-link]: https://ipfs.io/ipfs/QmRgD9uLYumzaRAUU1tRP37wUe5tAzusCbfLKKKQDRQxrw\n\nSingapore is a great place to do this, and I absolutely back the decision of location. The strategic value of aligning with TOKEN2049 in a major financial hub is undeniable.\n\nI am formally registering a NO vote on the Cardano Summit 2026 in Singapore Treasury Withdrawal. This was an incredibly difficult decision, and I want to begin by explicitly acknowledging how much I value the Cardano Foundation's continued hard work and unwavering commitment to expanding our global footprint.\n\nTo be completely transparent, I was massively on the fence regarding this proposal. Out of all the marketing and event funding requests presented to the community, this Summit was the absolute only event spend I was genuinely prepared to consider at this time. I also deeply appreciate the feedback they have taken on board since the original proposal, which demonstrates a commendable willingness to listen to the community.\n\nHowever, as a DRep entrusted with delegation from the Cardano Foundation, I have an absolute duty to stay true to my core principles and beliefs. Given the current market position of ADA, I simply cannot support this magnitude of spend for the proposal in question. An ask of 7.8 million ADA for a single event is exceptionally high, particularly when paired with a milestone structure that unlocks eighty percent of the capital immediately upon enactment. I have to prioritize this finite treasury spend toward other critical areas of the ecosystem right now.\n\nAdditionally, I want to highlight a broader reality for the community. Voting is incredibly difficult for DReps right now. We are entirely unpaid, doing our absolute best to diligently review and work through a massive volume of significant proposals currently in flight. While I deeply respect the Foundation's strategic vision for Singapore, strict fiscal discipline must take precedence under these specific financial parameters.",
"references": [
{
"@type": "Other",
"label": "Rationale PDF",
"uri": "ipfs://QmRgD9uLYumzaRAUU1tRP37wUe5tAzusCbfLKKKQDRQxrw"
}
]
}
}