{"@context":{"@language":"en-us","CIP100":"https://github.com/cardano-foundation/CIPs/blob/master/CIP-0100/README.md#","CIP129":"https://github.com/cardano-foundation/CIPs/blob/master/CIP-0129/README.md#","CIP136":"https://github.com/cardano-foundation/CIPs/blob/master/CIP-0136/README.md#","hashAlgorithm":"CIP100:hashAlgorithm","body":{"@id":"CIP136:body","@context":{"govActionId":"CIP129:governance-action-identifiers","references":{"@id":"CIP100:references","@container":"@set","@context":{"GovernanceMetadata":"CIP100:GovernanceMetadataReference","Other":"CIP100:OtherReference","label":"CIP100:reference-label","uri":"CIP100:reference-uri","RelevantArticles":"CIP136:RelevantArticles"}},"summary":"CIP136:summary","rationaleStatement":"CIP136:rationaleStatement","precedentDiscussion":"CIP136:precedentDiscussion","counterargumentDiscussion":"CIP136:counterargumentDiscussion","conclusion":"CIP136:conclusion","internalVote":{"@id":"CIP136:internalVote","@container":"@set","@context":{"constitutional":"CIP136:constitutional","unconstitutional":"CIP136:unconstitutional","abstain":"CIP136:abstain","didNotVote":"CIP136:didNotVote","againstVote":"CIP136:againstVote"}}}},"authors":{"@id":"CIP100:authors","@container":"@set","@context":{"did":"@id","name":"http://xmlns.com/foaf/0.1/name","witness":{"@id":"CIP100:witness","@context":{"witnessAlgorithm":"CIP100:witnessAlgorithm","publicKey":"CIP100:publicKey","signature":"CIP100:signature"}}}}},"hashAlgorithm":"blake2b-256","body":{"govActionId":"gov_action10dp9wzmgt2nqshyrghufff4sfhcxedhmzluly5k0azguatnsthwqqs84cjf","summary":"I vote NO. Singapore is a great location and the only event spend I considered supporting at this time. However, given the current position of ADA, I must prioritize spend elsewhere. As a DRep with Cardano Foundation delegation, I must stay true to my principles despite this tough choice.","rationaleStatement":"A [PDF version][pdf-link] of this rationale is also made available.\n\n[pdf-link]: https://ipfs.io/ipfs/QmRgD9uLYumzaRAUU1tRP37wUe5tAzusCbfLKKKQDRQxrw\n\nSingapore is a great place to do this, and I absolutely back the decision of location. The strategic value of aligning with TOKEN2049 in a major financial hub is undeniable.\n\nI am formally registering a NO vote on the Cardano Summit 2026 in Singapore Treasury Withdrawal. This was an incredibly difficult decision, and I want to begin by explicitly acknowledging how much I value the Cardano Foundation's continued hard work and unwavering commitment to expanding our global footprint.\n\nTo be completely transparent, I was massively on the fence regarding this proposal. Out of all the marketing and event funding requests presented to the community, this Summit was the absolute only event spend I was genuinely prepared to consider at this time. I also deeply appreciate the feedback they have taken on board since the original proposal, which demonstrates a commendable willingness to listen to the community.\n\nHowever, as a DRep entrusted with delegation from the Cardano Foundation, I have an absolute duty to stay true to my core principles and beliefs. Given the current market position of ADA, I simply cannot support this magnitude of spend for the proposal in question. An ask of 7.8 million ADA for a single event is exceptionally high, particularly when paired with a milestone structure that unlocks eighty percent of the capital immediately upon enactment. I have to prioritize this finite treasury spend toward other critical areas of the ecosystem right now.\n\nAdditionally, I want to highlight a broader reality for the community. Voting is incredibly difficult for DReps right now. We are entirely unpaid, doing our absolute best to diligently review and work through a massive volume of significant proposals currently in flight. While I deeply respect the Foundation's strategic vision for Singapore, strict fiscal discipline must take precedence under these specific financial parameters.","references":[{"@type":"Other","label":"Rationale PDF","uri":"ipfs://QmRgD9uLYumzaRAUU1tRP37wUe5tAzusCbfLKKKQDRQxrw"}]}}