Cardano falls to new lows as founder announces hiatus

Cardano’s decentralized governance is effectively killing its own ecosystem. By voting down funding for builders, the community is triggering a "wave of failures" that will see dApps and DeFi projects collapse through the end of the year. With major pillars like TapTools and JPG Store already shutting down and Charles Hoskinson walking away, the network is cannibalizing itself. Is Cardano’s treasury system a democratic triumph or a suicide pact? Do you agree?
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