Anchor document

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    "@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#",
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      "@id": "CIP136:body",
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            "uri": "CIP100:reference-uri",
            "RelevantArticles": "CIP136:RelevantArticles"
          }
        },
        "summary": "CIP136:summary",
        "rationaleStatement": "CIP136:rationaleStatement",
        "precedentDiscussion": "CIP136:precedentDiscussion",
        "counterargumentDiscussion": "CIP136:counterargumentDiscussion",
        "conclusion": "CIP136:conclusion",
        "internalVote": {
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            "unconstitutional": "CIP136:unconstitutional",
            "abstain": "CIP136:abstain",
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            "signature": "CIP100:signature"
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    "govActionId": "gov_action1pa6a6yd7pdaxed9nqkshtvtu7jmqe5c8cpf0ej4lnatjj588qkpsq2x2sz2",
    "summary": "NO, Applicants withdrew. 10M ADA for unproven BTCfi protocol with no working product. No open-source guarantee, no Cardano-specific demand evidence. Treasury should not act as VC. Applicants correctly read the room and stepped back.",
    "rationaleStatement": "A [PDF version][pdf-link] of this rationale is also made available.\n\n[pdf-link]: https://ipfs.io/ipfs/QmPgbEhcqLoT6j1mkg6VVxKpN2WkLjWoAB9FSCLe2it8PG\n\nThe applicants have publicly withdrawn this proposal, acknowledging that the community's current priorities lie elsewhere. Even before the withdrawal, the DRep and Constitutional Committee votes rendered a clear verdict against it. The proposal asked for ten million dollars for an unproven Bitcoin treasury protocol with no working product, no user base, and no revenue. While the treasury protections were thoughtful and the risk register was honest, the core problem was that this was a commercial venture dressed as public infrastructure. The Treasury should not act as a venture capitalist. There was no explicit open-source license guarantee for the protocol code, no delivery track record for Alchemy specifically, and no evidence that Cardano users actually want Bitcoin finance products. The safety zones and economic model for the Fire and Ice assets were theoretical and untested. For a future Bitcoin finance proposal to earn my support, it would need a working prototype, explicit open-source licensing, a smaller pilot ask, and clear evidence of Cardano-specific demand. The applicants made the correct call by withdrawing. Building first and returning with evidence is the right path.",
    "references": [
      {
        "@type": "Other",
        "label": "Rationale PDF",
        "uri": "ipfs://QmPgbEhcqLoT6j1mkg6VVxKpN2WkLjWoAB9FSCLe2it8PG"
      }
    ]
  }
}