Certified waffle š§ Views are my own.
Joined February 2021
- Tweets 1,308
- Following 913
- Followers 446
- Likes 26,056
34 Photos and videos
Le Waffle retweeted
Jun 14
Letās recap the Charles Hoskinson timeline over the last two weeks:
June 2nd ā warns of a āwave of failuresā coming across the Cardano ecosystem.
June 3rd ā posts āIām taking a break. TTYL.ā ADA immediately dumps 10%.
June 4th ā posts āIām not leaving.ā Community has no idea whatās happening.
June 8th ā returns with a one hour livestream titled āWhy Cardano is the Only Ecosystem That Can Run the World.ā
Meanwhile ā TapTools shut down, JPG.Store gone, Singapore Summit cancelled because the community voted against funding it, on-chain investigations suggesting 1.5 billion ADA sold at the 2021 peak, and the governance body is blocking the entire 2026 development roadmap.
$ADA sitting at $0.16. Down 93% from its ATH. TVL in DeFi at $90 million. Negligible revenue.
But sure. The only ecosystem that can run the world.
The community deserves better than this.
11
5
27
1,516
Le Waffle retweeted
Jun 13
Holy moly this thing did numbers
You think X messaging doesnāt matter? You can go to discord, you can go to WhatsApp, you can hide in a cave. None of that will matter unless you fix the external perception of Cardano at this point.
Hope you realize the more you fail to take control of the narrative and the people you are continually letting down, the worse and worse the narrative is going to be.
Saw holders reaching out I never even knew existed sharing similar sentiment.
Keep thinking the move is not listening to usā¦
Jun 12
I put my entire life into Cardano. My time, my expertise, my savings. Iāve literally gone all in, and for over 5 years now.
No salary for 3 years, along with my co founder, and every payroll was paid on time. This isnāt meant as a guilt trip just context towards my reality.
I forced my cofounders to envelope the āentrepreneur mindsetā and make sacrifices to make our vision of Anvil work.
I thought we were in good company in Cardano. A bunch of scrappy, smart people who are building the future financial rails of the world. Unfortunately, not everyone was living like starving entrepreneurs and looted our community/treasury while keeping cushy salaries. Now the price is in the teensā¦and we canāt even get contracts on Cardano to sustain our business, with no indication that change is coming, all community business proposals are not passing atm.
I gave up my 30s for this. I had a great career trajectory making solid money. I donāt regret the decision I just wish it went different. Believe it or not, we didnāt make many stupid decisions, we were responsible with salaries, and ran very lean operations. Did we fail? Or did Cardano fail to flourish and create real opportunity?
I bought Ada, I believed in the token. I dropped my 401k on it. Held it religiously for 5 years, all to sell at .16 so I donāt lose my house? Itās insane lol was I supposed to sell on everyoneās heads? I thought being a believer was the whole point now I just feel like a sheep. I donāt even have the 100k Ada required anymore to go straight to the treasury. The only thing I can think of that hurt worse were my kidney stones. This is the most defeated I have felt in a long time.
And now Iām watching 8 months of hard work and relationship building get thrown away. Canāt get a hold of half the DReps otherwise you come off as annoying. Didnāt do a Japan tour? Good luck!
I had to waste 6 days explaining to one of our top DReps why the product needs Cardano. He basically said we didnāt need to use blockchain or cardano. Instead of explaining the value we create I gotta convince our top DReps why a project chose to build on Cardano? š¤Æ
Im not perfect but I damn sure tried to be! Answered everyone promptly, reached out to DReps, and did our best to listen/apply feedback. I show up everyday.
Can someone explain to me why I should keep trying to build here? Iāve legit lost everything but my wife who isnāt getting any happier with me.
Today is the first day I work towards getting my life back. IDK exactly what that means but Iām done feeling like this for nothing.
46
30
314
23,322
Le Waffle retweeted
Jun 12
Let me translate this.
$ADA at multi-year lows. Ecosystem collapsing. On-chain investigations circling. A third of his replies are people asking uncomfortable questions.
So the solution is to move his community to a private Discord where he controls the questions, moderates the channels and decides what gets discussed.
Thatās not building a community. Thatās building a bunker.
The irony of a blockchain founder -technology literally designed for transparency and decentralisation- retreating into a closed, controlled, moderated environment to escape accountability is something else entirely.
āI canāt solve stupid.ā No Charles. You just canāt handle questions you donāt have answers to.
Hoskinson plans the great Cardano escape from X
Charles Hoskinson (@IOHK_Charles) wants the @Cardano community off X entirely. The founder says he's building a Discord for a "great migration," promising well-moderated channels away from what he calls the drama, lies and endless rage.
He'll still stream to his million X followers, but AMA questions will only come from the new Cardano and Midnight Discords. To those saying that means he's back: "I can't solve stupid."
The exit follows a brutal stretch: cardano:native near multi-year lows, dApp failures, and a third of replies to his posts measured as outright abuse.
31
17
147
13,863
Le Waffle retweeted
Jun 12
Itās 2026 and the Founding entities of $ADA are making a discord server.
Honestly could be the most bearish thing iāve ever heard.
Deep down I still really want to believe in cardano but holy shit is it a fucking hard effort.
61
19
290
13,370
Le Waffle retweeted
Jun 12
I think if you have to hit the moderation button sooo much you have to make your own discord to control whatās saidā¦. You might be the problem!! There will be no great migration as Cardano is speaking instead of listening he is trying to make away so he can hear only what he wants..
Hoskinson plans the great Cardano escape from X
Charles Hoskinson (@IOHK_Charles) wants the @Cardano community off X entirely. The founder says he's building a Discord for a "great migration," promising well-moderated channels away from what he calls the drama, lies and endless rage.
He'll still stream to his million X followers, but AMA questions will only come from the new Cardano and Midnight Discords. To those saying that means he's back: "I can't solve stupid."
The exit follows a brutal stretch: cardano:native near multi-year lows, dApp failures, and a third of replies to his posts measured as outright abuse.
3
3
29
940
Le Waffle retweeted
Jun 11
So Charles
- the space pinned to my profile he tells me he no longer controls ADA since he burned the Genesis keys
But he also:
-keeps receiving hundreds of millions of USD of ADA through all his companies to keep working on Cardano (he made threats to dreps if they didnt approve)
- makes threats that Cardano will fail if his "4th generation" new blockchain midnight fails
- and now tells us we should stop using open public town hall forums that promote free speach and instead move towards his private discord?
HAHAHAHAHAHA When i think he couldnt get more brazen
Jun 11
Dropping by to let everyone know that I spoke with @phillip_pon and we are working out a plan to create a discord for a great migration of the Cardano community from X. We can have happy, positive, well-moderated channels and leave behind the drama, lies, endless rage, and embittered people for a place where real conversations and real progress can be made.
I will continue broadcasting live streams to X as I have a million followers here, but will only take AMA questions from the new Cardano and current Midnight discords. I've seen some commentary that broadcasting means I'm back on X. For those people, I can't solve stupid.
Enjoy your scandals of the week and FUD. Real work is done elsewhere. Looking forward to Cardano ascending to better days, governance, and culture.
11
13
107
5,287
Le Waffle retweeted
Jun 12
I put my entire life into Cardano. My time, my expertise, my savings. Iāve literally gone all in, and for over 5 years now.
No salary for 3 years, along with my co founder, and every payroll was paid on time. This isnāt meant as a guilt trip just context towards my reality.
I forced my cofounders to envelope the āentrepreneur mindsetā and make sacrifices to make our vision of Anvil work.
I thought we were in good company in Cardano. A bunch of scrappy, smart people who are building the future financial rails of the world. Unfortunately, not everyone was living like starving entrepreneurs and looted our community/treasury while keeping cushy salaries. Now the price is in the teensā¦and we canāt even get contracts on Cardano to sustain our business, with no indication that change is coming, all community business proposals are not passing atm.
I gave up my 30s for this. I had a great career trajectory making solid money. I donāt regret the decision I just wish it went different. Believe it or not, we didnāt make many stupid decisions, we were responsible with salaries, and ran very lean operations. Did we fail? Or did Cardano fail to flourish and create real opportunity?
I bought Ada, I believed in the token. I dropped my 401k on it. Held it religiously for 5 years, all to sell at .16 so I donāt lose my house? Itās insane lol was I supposed to sell on everyoneās heads? I thought being a believer was the whole point now I just feel like a sheep. I donāt even have the 100k Ada required anymore to go straight to the treasury. The only thing I can think of that hurt worse were my kidney stones. This is the most defeated I have felt in a long time.
And now Iām watching 8 months of hard work and relationship building get thrown away. Canāt get a hold of half the DReps otherwise you come off as annoying. Didnāt do a Japan tour? Good luck!
I had to waste 6 days explaining to one of our top DReps why the product needs Cardano. He basically said we didnāt need to use blockchain or cardano. Instead of explaining the value we create I gotta convince our top DReps why a project chose to build on Cardano? š¤Æ
Im not perfect but I damn sure tried to be! Answered everyone promptly, reached out to DReps, and did our best to listen/apply feedback. I show up everyday.
Can someone explain to me why I should keep trying to build here? Iāve legit lost everything but my wife who isnāt getting any happier with me.
Today is the first day I work towards getting my life back. IDK exactly what that means but Iām done feeling like this for nothing.
791
263
2,289
445,109
Le Waffle retweeted
The thing with Charles is that, if you are being honest, most of us always knew there was a problem there.
Even when I was deep in the copium, trying to separate Charles from Cardano, I think I knew in the back of my mind that his behaviour was going to hurt the ecosystem.
He comes across as someone with a massive ego, who reads the worst possible intentions into even basic criticism. You can just tell he would be difficult to work under. Not because he is unintelligent, but because he does not seem able to tolerate being challenged.
And that matters. In the real world, unlikeable leaders drive away good people. They drive away the very technical people who would question decisions, sharpen the product, improve the protocol, and make the company better. Iron sharpens iron. But only if the person at the top can handle being sharpened.
Instead, what we get is this bizarre cycle.
Crash out. Whinge. Play the victim. Blame the community. Disappear for a few days. Then return as the wise elder statesman of crypto, giving polished YouTube monologues about virtue, responsibility and how the industry needs to grow up.
That is the part people cope around. They pretend the tech will eventually be so good that personality, partnerships, leadership and reputation do not matter.
But they do matter.
Because Cardano is not judged in a vacuum. The wider crypto industry sees Charles, sees the drama, sees the ego, sees the constant victim routine, and that affects how they view Cardano too.
2
3
28
1,032
Le Waffle retweeted
Charles has forced my handā¦.
PLEASE WATCH THIS VIDEO. It will go down as one of the most delusional moments in the history of social mediaā¦
Game on Cardanoā¦ Update in the next few daysā¦.
$ICP $CLOUD $ADA @IOHK_Charles
Charlesā¦. Iām going to rip this apart word for word in a reaction videoā¦.
Itās time to challenge the entire ADA community to a debate
Iāve tried to avoid this - but you are forcing my handā¦
6
19
105
2,942
Le Waffle retweeted
A May '25 tweet claims @IOHK_Charles sold ~1.5B ADA in the '21 hype cycle, plus 10x 20M payments to @gavofyork.
Rather than take its word, i wanted to check the chain.
Tracing funds is hard, but those x10 20M payments are a solid place to start:
š§µš
adagenesistransparency.com
141
138
583
353,333
Le Waffle retweeted
Jun 7
Finally got around to watching the latest Charles Hoskinson video, and honestly, couldn't be more disappointed. Just weeks after pushing through treasury initiatives in which IO will receive a lion's share of the NCL, he now says that he has no interest in increasing KPI's or price? Would've been nice if the DReps knew that before allocating millions of ADA to IO this year.
Looking more and more like a "grab everything you can on the way out" exit.
I don't fault him for admitting shortcomings, but I do fault him for milking the community over the past 4 years through disproportionate staking rewards and treasury allocations. No amount of playing the victim now covers up the fact that his personal wealth exploded while the ADA community saw their holdings bleed out in value.
Cardano is in a rough place, and tbh, I've never been more unsure of its future. However, I'm increasingly convinced the only way it has a shot is if the past few years are accepted as sunk cost, and we grow past relying on the leadership of Charles Hoskinson.
youtube.com/live/8xtmi6mEnF8ā¦
25
11
83
9,886
Le Waffle retweeted
Jun 7
Heās absolutely entitled to do so. These guys spend hundreds of millions then tell us not to ask questions
1
7
313
Le Waffle retweeted
Jun 7
NEWS
CARDANO ICO FUNDS FACE NEW SCRUTINY š±š±š±
Investor Thomas Braziel @Bkclaims says he has hired a crypto forensics firm to investigate Cardano's early finances, including ICO proceeds, $BTC movements, and founding entities.
The move has sparked a fierce debate over transparency, accountability, and whether the community deserves a fuller accounting of Cardano's historical fund flows.
71
25
262
24,593
Le Waffle retweeted
Jun 7
I have plenty of money. More than you'll have in a 100 lifetimes. You'd be a lot more effective if you didn't hide behind someone else's face and had the courage to post under your own name.
1
4
22
387
Le Waffle retweeted
Jun 6
Charles Hoskinson this week:
"I have no control over Cardano."
Also Charles Hoskinson this week:
"Let's fork it and leave you behind."
Same man. Same week.
> JPG Store shut down May 23.
> TapTools winding down since June 2.
> $ADA Summit 2026 cancelled, funding voted down.
> "I'm taking a break. TTYL." June 3.
The break isn't the story.
The contradiction is.
A founder with no power who also:
- Pushed a treasury bailout. Voted down.
- Bought Nami and Blockfrost himself.
- Wants a "pentad" to run governance.
- Frames it as builders vs the cynics.
He says he can't control Cardano.
He spent the whole week trying to.
That isn't powerlessness. It's losing the vote.
18
13
130
14,727
Le Waffle retweeted
Jun 6
CARDANO HOLDERS NEED TO BE PISSED OFF!
THIS IS RIDICULOUS WHAT WE ARE SEEING!
$ADA IS MELTING AND THE COMMUNITY SHOULD DEMAND BETTER OR JUST LEAVE AT THIS POINT!
158
26
318
53,844
Le Waffle retweeted
Jun 5
For starters, you could have been humbled and do the hard work rather than go on conferences and shill BS you couldn't deliver.
Jun 3
well @IOHK_Charles , youāre role is the FACE OF CARDANO
āseparate entitiesā is a cheap way to dodge responsibility
26
19
150
11,161
Le Waffle retweeted
Jun 6
He threatened that Cardano would die if IO did not get funding.
Then he gas lighted the community to fund the proposals and got 50 Million usd of Ada.
Then says he didn't build Cardano to make it valuable.
and is also taking a break after being funded?
x.com/i/status/2062742708284ā¦
Jun 5
LATEST: Cardano founder says he is not the person to return $ADA to all-time highs. He will leave X for the summer citing toxicity but remains committed to Cardano
37
13
126
14,387
Le Waffle retweeted
Jun 6
Cardano investors deserve answers.
I've hired a crypto forensics firm to investigate the history of Cardano's founding, its original ICO proceeds, the movement of the BTC raised, and the financial history of the founding entities.
I'm looking for information on:
ā¢ The original ICO BTC addresses and where those funds ultimately went
ā¢ The formation and ownership history of the founding entities, including Input Output (IOG/IOHK), Emurgo, and the Cardano Foundation
ā¢ Salary, bonus, dividend, and other compensation paid by these entities over time
ā¢ Any public or private disclosures regarding treasury management, BTC sales, ADA sales, or distributions to owners and insiders
ā¢ Historical corporate records, annual reports, audits, board minutes, presentations, or other relevant documents
I'm not alleging wrongdoing. In fact, the answer may be entirely reasonable. But Cardano raised what would be worth billions of dollars today, and I think the community deserves a complete accounting of what happened to those assets and how the ecosystem was funded over time.
If you have documents, research, leads, archived websites, old forum posts, wallet information, or firsthand knowledge, please reach out.
I'd like to build the most complete historical record possible.
166
70
636
106,610