BREAKING: (IJCH) Unsatisfied with the Cardano Foundation, IOHK and Emurgo take over its job (aka "Firing Your Crypto's Foundation!")
cryptocurrency·@jaichai·
0.000 HBDBREAKING: (IJCH) Unsatisfied with the Cardano Foundation, IOHK and Emurgo take over its job (aka "Firing Your Crypto's Foundation!")
# <center> BREAKING: (IJCH) Unsatisfied with the Cardano Foundation, IOHK and Emurgo take over its job (aka "Firing Your Crypto's Foundation!")</center>
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<center> </center><center>[Source](https://i.4pcdn.org/pol/1515103835537.gif)</center>
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# <center>***IJCH - Inside JaiChai's Head (Meaning: My Warped, Personal Opinions and Musings)***</center>
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<center> </center><center>[source](https://www.speakgif.com/wp-content/uploads/2016/03/cyborg-animated-gif.gif)</center>
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***From the Author:***
***Salutations.***
***I am JaiChai.***
***And if I haven't had the pleasure of meeting you before, I'm delighted to make your acquaintance now.***
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***I invite you to interact with everyone, learn, and have as much fun as possible!***
***For my returning online friends, "It's always great to see you again!"***
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<center></center><center>[Source](https://i.warosu.org/data/sci/img/0076/06/1445550227459.gif)</center>
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# <center> Breaking: IOHK and Emurgo take on the Cardano Foundation's duties and responsibilities</center>
## <center> *(Can you say, "Let's fire our own crypto's foundation?!")*</center>
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<center> </center><center>[Source](https://i.imgflip.com/1oqyjx.gif)</center>
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I've been in the crypto space since late 2009.
This is the first time I have ever seen the maker (IOHK), the marketer (Emurgo), and the community (Guardians of Cardano) *"fire"* its own foundation!
IMHO, I wish this happened much earlier with the Bitcoin Foundation...
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Here's a good article about the situation:
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<center>"Charles Hoskinson Announcement: IOHK and Emurgo Sever Ties With the Cardano Foundation"</center>
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<center> </center><center>[Source](https://iohk.io/images/team/iohk-emurgo.png)</center>
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>The Cardano community woke up to the news of a split between the Cardano Foundation, IOHK, and Emurgo on Oct. 12th.
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>Charles Hoskinson, the CEO of IOHK confirmed the split in a YouTube live stream and gave insights into the events leading to the fallout.
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>The split was caused by lack of diversity in the Cardano Foundation board, lack of financial transparency, lack of clear vision and a public plan, and elements of nepotism.
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Article Link:
https://blokt.com/news/charles-hoskinson-announcement-iohk-and-emurgo-sever-ties-with-the-cardano-foundation
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And here's a clear explanation by charles Hoskinson (CEO, IOH):
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<center>"A Brief Statement from Charles Hoskinson"</center>
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https://youtu.be/brmocm3ttQo
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# <center>Parting Shot</center>
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## <center>*Viva La Revolución!*</center>
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<center> </center><center>[Source](https://i.imgur.com/oYr4LxF.jpg)</center>
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## <center>By JaiChai</center>
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## <center>***Really Appreciate You Stopping By.***</center>
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## <center>***Truly hope to see you again!***</center>
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## <center>***And if you liked my post, kindly Upvote, Comment, Follow, and ReSteem.***</center>
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# <center>About the Author</center>
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<center></center><center>[Source](https://steemitimages.com/DQmSgdhAuUbVE9gaGdY5ridsv8BfEJo1vuwPY2yPJj3GDFS/JC320%20black%20line%20frame.jpg)</center>
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Believing that school was too boring, he dropped out of High School early; only to earn an AA, BS and MBA in less than 4 years much later in life – while working full-time as a Navy/Marine Corps Medic.
In spite of a fear of heights and deep water, he performed high altitude, free-fall parachute jumps and hazardous diving ops in deep, open ocean water.
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After 24 years of active duty, he retired in Asia.
Since then, he's been a full-time, single papa and actively pursuing his varied passions (Writing, Disruptive Technology, Computer Science and Cryptocurrency - plus more hobbies too boring or bizarre for most folk).
He lives on an island paradise with his teenage daughter, longtime girlfriend and three dogs.
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<center> </center><center>[Source](https://steemitimages.com/DQmZ653us9mMijDZsN7zev3M8MzGhByinRhidv3eGspiXmA/600800.jpg)</center>
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<center></center><center>[Source](https://res.cloudinary.com/hpiynhbhq/image/upload/v1512270487/ezypkgg38xw07myyssgj.gif)</center>
<center> ***(More articles by JaiChai can be found on the Busy.org website. [Use this link to visit Busy.org](https://busy.org/i/@jaichai). Better yet, come join the Busy.org community!)***</center>
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<center>*"My mind was a terrible thing to waste..." - JaiChai*</center>
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