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Tezos Director Resigns, Sowing More Uncertainty at Crypto Startup

https://www.nytimes.com/reuters/2017/12/12/business/12reuter...
Kink-friendly stag film legend
  12/12/17
...
dull hairraiser multi-billionaire
  12/12/17
Can I get a reminder?
narrow-minded son of senegal
  12/12/17
...
Twinkling lettuce
  12/12/17
(((Breitmans)))
Frisky Talented Locus
  12/12/17
futures are at an all time high though
Duck-like water buffalo headpube
  12/12/17
even the breitards cant fuck this up!
Passionate White Legal Warrant
  12/12/17
The interesting thing is that development is moving along. T...
Kink-friendly stag film legend
  12/12/17
It's very simple: if Tezos does not get released the Breitma...
Bistre Whorehouse Goal In Life
  12/12/17
very possible given the growth of the crypto market. would m...
Curious voyeur
  12/12/17
MFCR
Balding Institution
  12/12/17
...
Kink-friendly stag film legend
  12/12/17
...
charismatic sadistic tanning salon fanboi
  12/12/17
Tezos is over. I was the only person on any platform to have...
Twinkling lettuce
  12/12/17
...
yellow razzle-dazzle athletic conference address
  12/12/17
you also soldcucked eth
Passionate White Legal Warrant
  12/12/17
big deal I made a year's wages. I am catching some beer mone...
Twinkling lettuce
  12/12/17
Date: December 12th, 2017 6:25 PM Author: Wilbur Mercer, lo...
Balding Institution
  12/12/17
You're still wrong about this
Bistre Whorehouse Goal In Life
  12/12/17
Tezos has massive potential and is big w/ some big crypto pl...
Kink-friendly stag film legend
  12/12/17
...
Passionate White Legal Warrant
  12/12/17
Reminder: Contributions to the Tezos....
charismatic sadistic tanning salon fanboi
  12/12/17
...
Passionate White Legal Warrant
  12/12/17


Poast new message in this thread



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Date: December 12th, 2017 5:42 PM
Author: Kink-friendly stag film legend

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: dull hairraiser multi-billionaire



(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: narrow-minded son of senegal

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: Twinkling lettuce



(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: Frisky Talented Locus

(((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: Duck-like water buffalo headpube

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: Passionate White Legal Warrant

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: Kink-friendly stag film legend

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: Bistre Whorehouse Goal In Life

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: Curious voyeur

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: Balding Institution

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: Kink-friendly stag film legend



(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: charismatic sadistic tanning salon fanboi



(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: Twinkling lettuce

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: yellow razzle-dazzle athletic conference address



(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: Passionate White Legal Warrant

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: Twinkling lettuce

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: Balding Institution

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: Bistre Whorehouse Goal In Life

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: Kink-friendly stag film legend

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: Passionate White Legal Warrant



(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: charismatic sadistic tanning salon fanboi

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: Passionate White Legal Warrant



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