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Tezos Director Resigns, Sowing More Uncertainty at Crypto Startup

https://www.nytimes.com/reuters/2017/12/12/business/12reuter...
flickering fluffy address
  12/12/17
...
fuchsia tanning salon
  12/12/17
Can I get a reminder?
Unholy rigor
  12/12/17
...
hateful space knife
  12/12/17
(((Breitmans)))
deranged rehab
  12/12/17
futures are at an all time high though
bespoke infuriating idiot
  12/12/17
even the breitards cant fuck this up!
snowy drunken french chef principal's office
  12/12/17
The interesting thing is that development is moving along. T...
flickering fluffy address
  12/12/17
It's very simple: if Tezos does not get released the Breitma...
Slippery thriller kitchen
  12/12/17
very possible given the growth of the crypto market. would m...
talking spruce hospital
  12/12/17
MFCR
mewling circlehead hell
  12/12/17
...
flickering fluffy address
  12/12/17
...
Smoky resort half-breed
  12/12/17
Tezos is over. I was the only person on any platform to have...
hateful space knife
  12/12/17
...
Titillating bull headed candlestick maker national security agency
  12/12/17
you also soldcucked eth
snowy drunken french chef principal's office
  12/12/17
big deal I made a year's wages. I am catching some beer mone...
hateful space knife
  12/12/17
Date: December 12th, 2017 6:25 PM Author: Wilbur Mercer, lo...
mewling circlehead hell
  12/12/17
You're still wrong about this
Slippery thriller kitchen
  12/12/17
Tezos has massive potential and is big w/ some big crypto pl...
flickering fluffy address
  12/12/17
...
snowy drunken french chef principal's office
  12/12/17
Reminder: Contributions to the Tezos....
Smoky resort half-breed
  12/12/17
...
snowy drunken french chef principal's office
  12/12/17


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Date: December 12th, 2017 5:42 PM
Author: flickering fluffy address

https://www.nytimes.com/reuters/2017/12/12/business/12reuters-bitcoin-tezos-board.html

LONDON/ZURICH — One of the three board members of the Swiss foundation that conducted the online fundraiser for the embattled Tezos cryptocurrency tech project has resigned, Reuters has learned.

The departure on Monday of Guido Schmitz-Krummacher, a Swiss legal and management expert, is likely to add further turmoil to the project, which raised $232 million in cryptocurrencies in July.

The project has been embroiled in a battle over control between its founders, Arthur and Kathleen Breitman, and the president of the Zug-based Tezos Foundation, Johann Gevers. Reuters detailed the feud in October.

Schmitz-Krummacher resigned because he was frustrated by the infighting, which was consuming a lot of his time, according to information obtained by Reuters. He sits on several dozen Swiss boards.

Under the foundation's bylaws, Gevers gets to nominate Schmitz-Krummacher's replacement. If the third board member votes against the candidate, Gevers can cast an overriding vote.

The Breitmans declined to comment. Representatives for the board did not respond to requests for comment.

The Breitmans own the Tezos source code through a Delaware-based company they control, but the Tezos Foundation controls all of the fundraiser's proceeds.

The standoff has delayed the Tezos project's launch. Contributors to the fundraiser, known as an "initial coin offering," have not received new digital coins, called Tezzies. Their contributions were made in bitcoins and ether, two other cryptocurrencies whose values have surged.

A group of Tezos supporters who launched an online petition seeking Gevers' resignation or dismissal reiterated that demand on Tuesday. They called for the board to unanimously elect a replacement for Schmitz-Krummacher who is "completely independent," with no ties to current or former board members. More than 1,200 people have signed the petition.

The Breitmans, their Delaware-based company and the foundation are facing three class-action lawsuits in the United States. Plaintiffs allege federal securities law violations and that the fundraiser defrauded participants, who were told they were making non-refundable donations to the foundation. The lawsuits are seeking refunds and damages.

Reuters reported on Dec. 1 that the Breitmans want the foundation to cover their legal costs. The foundation has not agreed to the request. Doing so would mean that contributors to the foundation would be indirectly footing the bill.

According to Swiss filings, the foundation's regular auditor resigned in late November. An independent auditor is now examining allegations made by the Breitmans of wrongdoing by Gevers, which he denies. That auditor's report has not been completed.

(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34900972)



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Date: December 12th, 2017 6:01 PM
Author: fuchsia tanning salon



(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901112)



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Date: December 12th, 2017 5:45 PM
Author: Unholy rigor

Can I get a reminder?

(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901013)



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Date: December 12th, 2017 6:24 PM
Author: hateful space knife



(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901255)



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Date: December 12th, 2017 6:04 PM
Author: deranged rehab

(((Breitmans)))

(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901124)



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Date: December 12th, 2017 6:09 PM
Author: bespoke infuriating idiot

futures are at an all time high though

(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901154)



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Date: December 12th, 2017 6:10 PM
Author: snowy drunken french chef principal's office

even the breitards cant fuck this up!

(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901169)



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Date: December 12th, 2017 6:12 PM
Author: flickering fluffy address

The interesting thing is that development is moving along. They can presumably launch without the $1B they raised -- which would, in turn, raise a ton of money for the devs/founders to continue working on the project.



(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901180)



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Date: December 12th, 2017 6:22 PM
Author: Slippery thriller kitchen

It's very simple: if Tezos does not get released the Breitman's don't get $200M+

They may not like how they structured the ICO but this is what they agreed to and you can be sure as shit they want that money

They've currently got 9 devs on the project and more coming in January

I think they release by May and Tezos trades for $10 within a year



(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901244)



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Date: December 12th, 2017 6:25 PM
Author: talking spruce hospital

very possible given the growth of the crypto market. would make it a 7 billion mc coin

(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901269)



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Date: December 12th, 2017 6:26 PM
Author: mewling circlehead hell

MFCR

(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901279)



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Date: December 12th, 2017 6:31 PM
Author: flickering fluffy address



(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901318)



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Date: December 12th, 2017 6:24 PM
Author: Smoky resort half-breed



(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901256)



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Date: December 12th, 2017 6:25 PM
Author: hateful space knife

Tezos is over. I was the only person on any platform to have predicted this in mid 2017

(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901264)



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Date: December 12th, 2017 6:25 PM
Author: Titillating bull headed candlestick maker national security agency



(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901266)



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Date: December 12th, 2017 6:26 PM
Author: snowy drunken french chef principal's office

you also soldcucked eth

(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901271)



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Date: December 12th, 2017 6:27 PM
Author: hateful space knife

big deal I made a year's wages. I am catching some beer money on this bull run as well

(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901289)



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Date: December 12th, 2017 6:27 PM
Author: mewling circlehead hell

Date: December 12th, 2017 6:25 PM

Author: Wilbur Mercer, low income poaster (Short Pride World Wide)

Tezos is over. I was the only person on any platform to have predicted this in mid 2017

(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901282)



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Date: December 12th, 2017 6:28 PM
Author: Slippery thriller kitchen

You're still wrong about this



(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901293)



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Date: December 12th, 2017 6:29 PM
Author: flickering fluffy address

Tezos has massive potential and is big w/ some big crypto players, friend.

Note that ethereum had a number of delays before launching as well. this isnt exactly unheard of in software development

(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901298)



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Date: December 12th, 2017 6:30 PM
Author: snowy drunken french chef principal's office



(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901308)



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Date: December 12th, 2017 6:25 PM
Author: Smoky resort half-breed

Reminder: Contributions to the Tezos....

(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901270)



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Date: December 12th, 2017 6:30 PM
Author: snowy drunken french chef principal's office



(http://www.autoadmit.com/thread.php?thread_id=3826343&forum_id=2#34901309)