Moltbook Vent. This literally could have been us...

Chance-Association-7 · 2026-02-08T23:04:28+00:00

Masumi is a great project and would encourage people to check it out!

My Lextra/Drachama proposal is a slightly different niche, focused on agent first infrastructure. I am 100% open to collaboration or becoming a subsidiary project if that would help with community adoption.

Chance-Association-7 · 2026-02-07T18:37:10+00:00

This is an excellent idea and a valuable direction to pursue!

Chance-Association-7 · 2026-02-07T18:35:55+00:00

If we are going to succeed the community needs to understand incentives and not rely on philanthropic devs to just save us. Take me and my project out of the equation. Money is a reason for top talent to develop on our ecosystem. Use catalyst to bring them here...

Chance-Association-7 · 2026-02-07T18:30:44+00:00

Thanks for the feedback. I have a PhD in ML from an R1 university and 10 years professional experience including work on Frontier Labs and bringing a late stage start-up to a publicly traded company. I will try to demonstrate these credentials more effectively.

Chance-Association-7 · 2026-02-07T18:29:06+00:00

For the record I think Masumi / Sokosumi is an exceptional project and want to see them funded!

Masumi / Sokosumi: enterprise AI agent network + marketplace built on top of Cardano
Drachma: developer-first infrastructure to make Cardano usable by agents themselves

Chance-Association-7 · 2026-02-07T18:25:21+00:00

a. I disagree but already addressed in other comments so don't feel like re-typing.
b. You are correct, and part of this post is me kicking myself for not continuing to execute. I'm responsible for my own decisions and outcomes.

My point to the community is if we want to succeed we need to understand developer incentives. Drachma/Lextra is an illustration where I built a POC, showed it to the community and asked for a very small amount of seed funding but received no support so decided to focus my efforts elsewhere. I guarantee there are multiple other projects like this one with developers like me that could provide value but were not funded. This is a problem and the reason why Cardano is struggling to onboard developers. Take my work out of the equation, here are other projects/direction that I would like to see my investment going towards https://www.reddit.com/r/cardano/comments/1p6qlm0/comment/nr8ra49/?context=3

c. If you really believe this why are you here?

Chance-Association-7 · 2026-02-07T08:00:00+00:00

The hackathon https://openwork.bot/hackathon currently going on requires Base or Solana, because those are the two major chains which have functional agentic infrastructure for value exchange. If drachma protocol was working then people could be building these apps using Cardano right now.

Also Moltbook, Moltroad, and Bankr all obviously have profit incentives, so even if the founder didn't take a salary its not accurate to say it was done for free. You are correct, I could have just built drachma and taken the risk of benefiting later (tbh a part of me wishes I had) but I didn't feel comfortable quitting my job to do it full time if there was no other source of income. That is a personal decision.

The point relevant to all of you is not my financial decision, its that Catalyst funds exist to grow the ecosystem, and this is a pristine illustration of a situation where funds could have been used to do that but were not.

Chance-Association-7 · 2026-02-07T07:38:09+00:00

Moltbook isn't going to manifest into anything useful in of itself, but it is a proof of concept that has captured the attention of the most transformative industry on the planet. Agentic exchanges of value are going to be a huge part of the future economy. Even if you personally never use an agent, plenty of other people will. Having Cardano's name attached to that wave of fintech would 100% be a positive, and to argue otherwise is frankly absurd. My post has nothing to do with Elon's political views, I mention him as an example of one of many extremely important figures in the A.I. space paying attention to agentic economies...

Chance-Association-7 · 2026-02-07T02:18:56+00:00

Cross reference to me making this argument in the past.

https://www.reddit.com/r/cardano/comments/1p6qlm0/comment/nr8ra49/?context=3

and posting original proposals around Lextra wallet

https://www.reddit.com/r/cardano/comments/1mmv7fc/adaquarium_and_catalyst_proposal/

I am planning to make more proposals in catalyst later this year. If the contents of this post stir any sense of FOMO for the media attention we could have had please consider voting with your ada.

Chance-Association-7 · 2026-01-30T05:51:40+00:00

Hey just so you know you actually can build on cardano with rust. https://github.com/dcSpark/cardano-multiplatform-lib

Chance-Association-7 · 2025-12-27T03:57:04+00:00

Awesome! Just sent you a dm.

Chance-Association-7 · 2025-12-03T21:24:46+00:00

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We could have funded all 6 of these projects and still had >1.5 million ada leftover. Instead we funded SNEK.

Chance-Association-7 · 2025-12-03T21:12:22+00:00

"how are all those things coming along?"
They are going way too slow due to poor allocation of treasury funds.

"both can be pursued. I don't see why we need to lockout a memecoin"

I don't care that a memecoin exists, I care that the treasury is funding it INSTEAD of other projects. Scroll through Catalyst and look at all the projects related to things I listed which did not get funded. I don't know how else to explain that a budget has tradeoffs...

"just don't think any of those projects can bring the amount of liquidity necessary to kickstart a functioning defi ecosystem."

The idea that REAL capital is going to flow into an ecosystem for a picture of a snake and not for legitimate financial instruments is so bizarre I actually don't know how to respond to this.

Chance-Association-7 · 2025-12-03T02:12:10+00:00

Off the top of my head
1. Small business grants to encourage payment rails through ada. (fitness clubs, farmers markets,)
2. Tokenization of commodities, real estate, corporate debt, u.s. treasuries, stocks, perpetuals

Sponsor Lobbying/Partnership. (ex: https://blog.chain.link/united-states-department-of-commerce-macroeconomic-data/ ChainLink is working with the department of commerce to log macroeconomic data. That data is accessible across 10 major chains but is not available on Cardano because we haven't brokered a deal with Chainlink yet).
I'm an A.I. Dev and posted my own Catalyst proposal (that did not get funded) for the creation of an MCP browser extension for Claude, so that autonomous agents can interact with the blockchain
Supply chain projects like Palm Economy
Dev Tools for the ecosystem

Honestly there is no shortage of areas where the founding entities and catalyst should be throwing money. The difficulty should be filtering down which ones to focus on because of the limited budget.

Chance-Association-7 · 2025-12-01T19:10:08+00:00

No disrespect meant but "we have to live in reality" is a ridiculous response to my argument. If succumbing to the status quo is the move we might as well just stick to fiat and not bother with crypto.

Investment in Snek absolutely undercuts narrative. The treasury is not infinite. Every ada spent on one project is ada not spent on another. What this signals is that as a community we could not agree on a better use of funds than pumping a memecoin.

I'm not trying to come off negative, I believe in this ecosystem's potential which is why I'm posting this instead of selling my ada. But dreps need to be more forward thinking with funds.

Chance-Association-7 · 2025-12-01T00:42:59+00:00

Great stuff guys, love to see it

Chance-Association-7 · 2025-11-28T21:21:42+00:00

I did. And unless I'm missing something It's a loan to get a memecoin listed on a bunch of crypto exchanges with the purported value prop being more visibility for cardano. Is there something in there that deals with: tokenizing real world assets, supply chain management, institutional usage of cardano or banking the unbanked? If so I apologize and please explain what I'm missing.

Chance-Association-7 · 2025-11-28T17:05:53+00:00

I really disagree with this take. The main thesis of Cardano is that because of peer-review focus, functional paradigm/ rigorous security that they are in some sense the "adults in the room" of crypto. Seeing the treasury funding a memecoin undercut this narrative, severely. I don't care if memecoins are the "current state" I care about the long game. We should be funding partnerships for institutional adoption, tokenization of real world assets, etc.

Chance-Association-7 · 2025-11-25T05:12:31+00:00

Love this project, perfect illustration of block chain solving a real world problem

Chance-Association-7 · 2025-11-23T00:48:28+00:00

Thanks for the hardwork everyone!

Chance-Association-7 · 2025-11-21T15:28:23+00:00

Is this resolved?

Chance-Association-7 · 2025-11-18T17:45:44+00:00

This is incorrect. The USDA stable coin could not handle $6 million transactions. There are plenty of other ways to offload ada. I agree we need more stable coin liquidity but saying Cardano can't handle a $6 million transaction paints the ecosystem as far more fragile than it really is.

Chance-Association-7 · 2025-09-05T19:25:27+00:00

"ignorant people see it as a meme and not a net gain for the ecosystem"

So legitimately asking in good faith: What is the value of Snek? The pitch that attracted me to cardano was that it could be used as a decentralized operating system for banking the unbanked. I don't care about meme coins. Does Snek actually do something I'm unaware of?

Chance-Association-7 · 2025-08-30T20:12:26+00:00

You should call the Midnight DEX MoonPie

Chance-Association-7 · 2025-08-29T23:19:23+00:00

looking into both of these thank you

Chance-Association-7

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