Anchor document

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    "govActionId": "gov_action10dp9wzmgt2nqshyrghufff4sfhcxedhmzluly5k0azguatnsthwqqs84cjf",
    "summary": "We've been spending too much and I don't believe this will move the needle.",
    "rationaleStatement": "A [PDF version][pdf-link] of this rationale is also made available.\n\n[pdf-link]: https://ipfs.io/ipfs/QmW4sPwTkAYWzTWydCcruHcvpmbt9kYwfbBHuDqLxgQmne\n\nI do not currently view this as a high-priority treasury allocation relative to other ecosystem needs.\n\nI understand the strategic rationale for maintaining a flagship Cardano summit presence, particularly in Singapore given its regional positioning, business environment, and relevance within the broader digital asset industry. Large ecosystem events can provide real value through coordination, relationship-building, visibility, and institutional signaling.\n\nHowever, I believe treasury governance should distinguish carefully between strategically useful ecosystem activity and genuinely critical public infrastructure.\n\nAt the current stage of ecosystem development, Cardano’s more immediate bottlenecks remain concentrated around liquidity, application density, interoperability, developer adoption, and sustainable economic activity. A large conference may indirectly support some of those goals, but it does not address them directly in the way protocol, tooling, or infrastructure investments potentially can.\n\nI am also cautious about normalizing ongoing treasury support for large ecosystem events because conference spending is inherently difficult to evaluate rigorously. Attribution of ecosystem growth, partnerships, or adoption to event activity is often speculative, and event proposals can easily drift toward weak accountability, prestige spending, and soft-power concentration around ecosystem institutions.\n\nAdditionally, flagship summits inevitably shape ecosystem narratives, visibility, and access structures, which makes them governance-relevant beyond simple event organization.\n\nThis does not mean the summit lacks value. It likely does provide ecosystem benefits. But treasury capital is finite, and I am not currently convinced this proposal represents sufficiently urgent or strategically indispensable infrastructure relative to other competing priorities.",
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      {
        "@type": "Other",
        "label": "Rationale PDF",
        "uri": "ipfs://QmW4sPwTkAYWzTWydCcruHcvpmbt9kYwfbBHuDqLxgQmne"
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