{"@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_action1xk6yrz0tg72a2a63ytd99gapz46nlqlavckarleqt6nr8lyekd8qqp0ga3d","summary":"I really like this proposal and appreciate the way it bridges Web2 users into the Cardano ecosystem. However, the risk and the overall ask of nearly 5 million ADA are just a bit too high for me to vote yes.","rationaleStatement":"A [PDF version][pdf-link] of this rationale is also made available.\n\n[pdf-link]: https://ipfs.io/ipfs/QmVS5wcztwSTc7tn1aEK5TtVVPkG4NwfBpaX3CLgYcwgEi\n\nI really like this proposal and appreciate the way it bridges Web2 users into the Cardano ecosystem. However, the risk and the overall ask of nearly 5 million ADA are just a bit too high for me to vote yes. My main hesitation is that the repayment terms feel somewhat open-ended, without a clear deadline, minimum payment, or protection if revenues happen to fall short. Additionally, with the treasury providing ADA but being repaid against a fixed USD amount, the treasury takes on the currency risk—something that is especially important to consider given current market conditions where a rise in ADA's price would mean significantly less ADA comes back. While these financial mechanics give me pause, I won't stand in the way of this being funded as we absolutely do need initiatives like this in the ecosystem, so I am choosing to abstain.","references":[{"@type":"Other","label":"Rationale PDF","uri":"ipfs://QmVS5wcztwSTc7tn1aEK5TtVVPkG4NwfBpaX3CLgYcwgEi"}]}}