{
  "@context": {
    "@language": "en",
    "CIP100": "https://github.com/cardano-foundation/CIPs/blob/master/CIP-0100/README.md#",
    "CIP136": "https://github.com/cardano-foundation/CIPs/blob/master/CIP-0136/README.md#",
    "hashAlgorithm": "CIP100:hashAlgorithm",
    "body": {
      "@id": "CIP136:body",
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          "@id": "CIP100:references",
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          "@context": {
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            "RelevantArticles": "CIP136:RelevantArticles"
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        "summary": "CIP136:summary",
        "rationaleStatement": "CIP136:rationaleStatement",
        "precedentDiscussion": "CIP136:precedentDiscussion",
        "counterargumentDiscussion": "CIP136:counterargumentDiscussion",
        "conclusion": "CIP136:conclusion",
        "internalVote": {
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  "body": {
    "summary": "We consider this governance action to be unconstitutional.",
    "rationaleStatement": "Although this proposal is submitted as an Info Governance Action, its content is not merely a statement of opinion. The proposal text designates 500,000,000 ADA as the \"applicable\" Net Change Limit (NCL) and positions it as a replacement for the 350,000,000 ADA NCL set for the same period. Furthermore, it states that this new NCL will be applied as the criteria for determining future Treasury Withdrawals. The Cardano Constitution maintains fiscal discipline by establishing an NCL for Treasury Withdrawals, and we understand this to be a critical mechanism that embodies TENET 8, \"Do not spend resources unreasonably,\" and TENET 9, \"Long-term sustainability and fairness.\" Therefore, if the value of this NCL—which functions as a fiscal guardrail—is to be changed, the \"sufficient rationale\" required by Article 2, Section 6, Item 2 of the Constitution becomes particularly important. However, this proposal merely explains that 500,000,000 ADA is necessary because \"350,000,000 ADA is beginning to constrain the remaining margin,\" and provides no basis that can be objectively verified to explain why the figure is specifically 500,000,000 ADA. Furthermore, while this proposal states that it \"has no direct on-chain effect,\" it explains that it will be applied as the \"applicable Net Change Limit,\" taking precedence over the existing NCL. However, in the current Cardano system, the procedures for formally determining, maintaining, and referencing NCL values on-chain are not clear, and it is anticipated that this proposal will effectively serve as the sole basis for its application. Therefore, we believe this Info Action carries normative effects that go beyond mere formality and requires sufficient rational justification commensurate with that significance. Furthermore, retroactively changing the NCL of 350,000,000 ADA—which had already been agreed upon for the same period—without sufficient explanation would also weaken the predictability and discipline that serve as constitutional fiscal guardrails for Treasury Withdrawals. For the reasons stated above, we cannot determine that this proposal satisfies the requirement for sufficient rational grounds set forth in Article 2, Section 6, Item 2 of the Constitution, and we therefore deem it unconstitutional at this time.",
    "precedentDiscussion": "None",
    "counterargumentDiscussion": "Some members abstained because the Info Action concerning the Net Change Limit is intended to record the views of DReps, and the Net Change Limit itself is a matter for DReps to decide rather than the Constitutional Committee.",
    "conclusion": "For the reasons stated above, we determine that it is unconstitutional.",
    "internalVote": {
      "constitutional": 1,
      "unconstitutional": 2,
      "abstain": 1,
      "didNotVote": 0
    },
    "references": [
      {
        "@type": "RelevantArticles",
        "label": "CARDANO BLOCKCHAIN ECOSYSTEM CONSTITUTION",
        "uri": "ipfs://bafkreieyuknozbtewyurfqoagvplvykadn6a4u6wglupavdz46bbsnnl6e"
      }
    ]
  },
  "authors": [
    {
      "name": "Cardano Japan Council",
      "witness": {
        "witnessAlgorithm": "ed25519",
        "publicKey": "833ddc6eedc272e763c33b9e6ed91efea5f0a5161f05bf72c83326a9b11507de",
        "signature": "3156d5a532dfb207e3578459ef7b864798390971905d5934842e8e6f33c1365e490c78323a51fb55cd6679d3277b7e2d267923b05eeb9e8a0e9bc859c5c44108"
      }
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}