https://twitter.com/QRLedger/status/890747282265579520A Letter to the Community...
To the QRL CommunityI am writing to the community because of recent actions taken by my co-founders Peter Waterland and JP Lomas over the last month. In light of these actions, I feel that I have an obligation to express my serious concerns about a number of broken promises by Peter and JP to the community and to myself. I expect that these broken promises will have a significant and negative impact on the direction and fate of the project. I hope the community will demand answers from Peter and JP and force them to do the right thing.
When Peter, JP and I initially began the process to raise funds to create a viable quantum resistant Proof of Stake blockchain network, I had high expectations for what we were capable of accomplishing.
$100 per QRL Token or approximately $11.5 Billion is the value I assessed for this project assuming the delivery of a high quality core code base using a simple benefit-cost risk assessment of quantum computing on blockchain networks.
However, after we successfully raised over $4.1 Million worth of BTC/ETH based on what the three of us had told the investing community about what and how we would do things, Peter and JP changed course and started breaking the promises they made to you as well as to me.
First, according to Peter’s presale parameters that he told the investing community about before the fund raising, Peter promised to establish a Foundation to handle the raised funds and incentivize the development team by tying allocations to milestones. This has not happened.
Instead, Peter and JP have created a private UK organization, without my knowledge or input, that does not include any phased vesting schedule tied to development milestones and research goals of the project. When I raised concerns regarding the lack of documentation and the failure to establish a proper governance model under a Foundation, I received carefully worded replies that were thin on substance and evasive in nature, suggesting to me that they had no interest in keeping that promise.
Perhaps most troubling is that Peter appears to have taken his allocation (1.4 million QRL) and moved over 90% of the funds to Bittrex. This concerns me because it shows that he’s not committed to or does not have faith in the success of the project. Here is the address where you can track Peter’s allocation of funds.
Second, the community was promised financial oversight by
“3 different founding members of the QRL” — myself, Peter and JP. This has not happened. Instead, Peter and JP have cut me out of the process and I have no input or ability to access the funds to make sure they are used for purposes of the project.
In fact, Peter informed me that he considers himself a
“dictator” to do as he pleases. If that wasn’t bad enough, JP confirmed that view of Peter as a dictator when he told me.....
The rest can be found on the Medium Post
https://medium.com/the-quantum-resistant-ledger/to-the-qrl-community-13c1e96e10c5 I thought your role was just operations manager? Not a partner.
