Topic: Tezos discussion - page 106. (Read 215835 times)

 yes, I have same feelings but then why Arthur publishes videos about a course of proceedings?  Can anyone explain? maybe he plans to release tezos in spite of all these hardships with other part of team?

No one knows exactly. As for me, this shit is dead. Forget about it... fucking tezos   

So what is the new ETA for TEZOS mainnet launch? They planned to start mainnet in autumn originally, right?

Bullish for Tezos fam lfg

I really don´t know. I am really happy to find some new links to the development status in here, but sometimes it gets burried. The team is indeed going to release soon if the timeline is fine

 support

why there are so many posts above that seems to unrelated to Tezos? people may just wait the team to deliver this project and this will not be very long

Guys what do you think about the new foundation initiative as Olaf Carlson-Wee one of the favorite person of the community?

Now where was i  oh that's right..

JonasLeader6h  baptiste343
The Core Dev team is in possession of that information. They will ultimately make the call on which foundation they choose to launch the Tezos main net with.

So the dev team can choose T2 foundation to launch and the the people who sent donations ask to swap the monies over to T2 foundation and the foundation can give all the monies to me popcorn1 JOKE

The T2 foundation will then dish the monies out as promised ..
So nice to know the tokens can be allocated without GEVERS..

He can say SWISS what ever he wants this is a world thing ..Little dot compared to the many  ..
I like the swiss just in the crypto world they got it all wrong..MAYBE they can get back on track who knows ..

A massive plus is to boot GEVERS out your country ..Throw snowballs at him on the way out PLEASE ..

No gevers it could be CRYPTOVALLEY ..    GEVERS = KLEPTOVALLEY = KLEPTOCRYPTO

You must be easy to fool then?..No you don't read the back of a packet..

So one day you never know you my choke on NUTS
Well you never read the back of the packet ..

Some advice ALWAYS READ THE SMALL PRINT

You are so free to write a lot of long posts!

No time to read them, though.

Could it be possible to photocopy your TEZOS wallet and then send the photo copied wallet to
Arthur Breitman and then he issues a new token with same amount with T2 tezos tokens
if and that's IF any problems with GEVERS ..?

Or can someone destroy the whole tezos tokens some how before everyone gets a chance to photocopy wallet ?..

Just in case GEVERS being the RAT he is wont let TEZOS FLY..

Young dreamers make the future and i see many excited about TEZOS if only you gevers would go
and let the dream become real in a FASTER WAY ..

But not to worry T2 will get things FLYING..

You gevers couldn't even jump never mind fly ..

If You Build It, They Will Come - Field of Dreams (1989) - YouTube


Video for build it and they will come▶ 0:33
https://www.youtube.com/watch?v=o3c_pJ_CLJQ
24 Sep 2013 - Uploaded by Ruben Lopez
"If you build it, they will come" but at the end of the movie when he meets his father he then says, "if you .

I don't think any problems with T2 FOUNDATION..It's all good..

Now just think for 1 moment ..

When you all donated you donated to a foundation?..
SO what foundation did you donate to..

See 3 types and EVERYONE donated to a COMMUNITY FOUNDATION.. Oh yes they did..

I thought it be the community who be on the foundation because they want it to succeed more than anyone      and they have the dream along with the developers ..

Now remember GEVERS set up a FOUNDATION after the funds and he set the WRONG foundation up
he was suppose to set a community foundation HE CHEATED and set one up were he was the boss
not the COMMUNITY ..

Community foundations (CFs) are instruments of civil society designed to pool donations into a coordinated investment and grant making facility dedicated primarily to the social improvement of a given place.

So did GEVERS set up a foundation by the way he paid for it all?
So he becomes the boss as if to say it's my money i will give it to who i likes..NO NO NO..

EVERYONE wanted a COMMUNITY FOUNDATION
Major donors can have as much or as little involvement in the grant-making process as they choose..
COMMUNITY FOUNDATION ^^^^^^^^^^^..

So has GEVERS set a foundation up after receiving OTHER peoples money and not set the right foundation up?..  TYPICAL  ..He cannot get nothing right..

So GEVERS has committed fraud by setting up a wrong FOUNDATION ....FACT..

He set it up AFTER the donations but defrauded everyone by not setting up a
COMMUNITY FOUNDATION..

Those DONATIONS was for the public to use on technology for humans and the COMMUNITY wanted say so how they got spent..

So gevers set up a foundation in his own name without anyone knowing FRAUD..
Plus he is trying to steal the monies ..No but no trust so very well could be..

So now the community set up a new foundation called T2 foundation the real foundation
everyone donated too a COMMUNITY FOUNDATION..

No GEVERS set up the wrong type of foundation  ..

I mean look at his past JUDGE he messes up everything always bankrupt
I mean judge i thinks he is one of those guys who banrupts things and runs with the monies or spends
it as he goes along with his life and then once all spent he bankrupts it and then the company name gets the blame not him..

I mean JUDGE to me he looks like a SCAMMER wouldn't you say so your honour ? ..

BYE BYE GEVERS..

Also SWISS law rules ..RULES WHO? ..

little dot in the MOUNTAINS  full of KLEPTO CRYPTO NUTTERS..

And make a law then change it 2 weeks later because GEVERS doesn't like it ..

KLEPTOVALLEY   FOR    KLEPTOCRYPTO NUTTERS..

The Breitmans  have just put TRUST in everyone's hands PERFECT ..

100% behind the Breitmans no need to even mention you 2 as scammers in anything WELL DONE  ..

Mr. Olaf Carlson-Wee and Mr. Ryan Jespersen 2 young chaps with a dream AND actually doing
SOMETHING..

Just 1 billion more chaps will flow to the REAL TEZOS..T2..
Make sure you ad the T2 to the logo  A small T2 with tezos logo..

Then we know when come on the MARKETS the real tezos not the GEVERS BULLSHIT 1 ..

Only 1 real TEZOS T2 TEZOS ..

Checkmate GEVERS ..

Now you sue GEVERS for theft ..Oh yes the people who sent donations can sue you GEVERS
for FRAUD DECEPTION maybe even more ..


The Breitmans  YOU DONE IT ..You are sticking to your end of the donation  ..
GEVERS is stealing it with his CRONIES ..

I WOULD OF WENT CRAZY if this technology never came out  ..It would of been CRIMINAL ..

Everyone got a voice  ..PEOPLE POWER ..Never mess with TEZOS  

Now just hope i can buy some 200 will do me ..At least i be part of the best eco system EVER..

Sorry to many emoji..It was BRIGHT i deleted some

Will be an ECHO system all over the world

That is very hard situation for all investors situation is doubtful but we have to keep hope for something good will be happen in future. This is one of biggest ICO in the history but fell down into so many issues let's see how they get rid from them.

Wow that is quite a sexy representation of the GIThub history, although you can't really make out what exactly is happening, you do see that a lot of work has been done on the project. Nice.

The time has come for us to prepare a home for launching the Tezos network.

The Tezos Community, through rigorous work and legal counsel, has formed a Swiss Association, which in turn is founding the T2 Foundation.

T2 will stand fully ready and able, with a board of 7 eminent members, including Mr. Olaf Carlson-Wee, to launch the Tezos Protocol and deliver the Genesis Block if the Tezos Foundation is unable to do so adequately or in a timely manner.

We highly commend to you Mr. Ryan Jespersen, a fellow Tezos Community member, who has spearheaded this effort and will serve on the board.

Below, please find links to a carefully written FAQ with introductory bios of the board members, and a video:

FAQ on Association & T2

An interview by Jonas Lamis of Ryan Jesperson and Olaf Carlson-Wee.

We call on you to support the T2 Foundation with your utmost courage and spirit, and see the Tezos Community and Protocol to their historic success.

Tezos Community Organizers

February 1, 2018  VIDEO  ON REDDIT  

Announcing The T2 Foundation ..

Angry investors in a high-profile coin offering stalled by infighting are taking a page out of activists’ playbook—proposing a new board of directors—to get the project back on track.

The cryptocurrency deal, called Tezos, was designed last year using the technology behind bitcoin to develop software to automate complex transactions. But after raising $232 million, Tezos became embroiled in a power struggle between its creators and the chairman of a nonprofit foundation overseeing the project.

Initial coin offerings like Tezos’s have surged in popularity in the last 12 months among tech-minded investors who want to back early-stage companies involved with crytpocurrencies, such as bitcoin and open-ledger “blockchain” technologies that underpin them. They’ve also spawned a flurry of warnings from regulators across the world who say coin offerings are rife with fraud and bad governance.


Tezos has generated its own share of controversy, as well as lawsuits. Now, supporters of the project’s creators, Arthur and Kathleen Breitman, have formed a new nonprofit, called the T2 Foundation, to shake up the project and wrest control from the current foundation. The move is akin to shareholders in a corporation proposing a new board of directors because they like the chief executive more than the board.

Coin Flip
Value of Tezos coins
Source: Coinmarketcap.com
Note: Pre-launch trading
Nov. ’17
Dec.
Jan. ’18
0
2
4
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$10
“There has been a totally inadequate deployment of resources,” by the current foundation, said Olaf Carlson-Wee, the founder and CEO of the cryptocurrency investing fund Polychain Capital, which signed on to be one of the new foundation’s seven directors. Polychain invested an undisclosed amount in last summer’s Tezos offering.

Mr. Carlson-Wee, who will be the most high-profile member of T2’s board, said the Tezos Foundation has “drastically mismanaged” the capital raised last summer—which he estimated is now worth more than $1 billion given last year’s rally in cryptocurrencies. Investors in Tezos coins “needed to take action, to ensure there is a better governance model,” he said.

Whether the gambit will prove effective remains an open question. The Tezos Foundation, run by Switzerland-based entrepreneur Johann Gevers, still has control of the $232 million raised in the offering. The board of the foundation announced a new member Wednesday, after the departure of a director in December left it hobbled with only two members.

Rising Tide
Tezos, average daily trading volume
Source: Coinmarketcap.com
Oct. ’17
Nov.
Dec.
Jan. ’18
0
250,000
500,000
750,000
1,000,000
1,250,000
1,500,000
1,750,000
$2,000,000
Mr. Gevers, who didn’t respond to requests for comment, has complained that the Breitmans, a husband-and-wife team, have meddled in the foundation’s business of managing the coin offering’s money.

The problems date back to last summer, when a dispute arose over Mr. Gevers’s compensation for his role at the foundation. The Breitmans in September raised objections to a compensation contract Mr. Gevers created for himself. A lawyer representing the Breitman’s company wrote in an October letter that the contract was excessive and not properly disclosed.


The dispute has become so acrimonious that both sides made presentations at an industry conference earlier this year in St. Moritz, Switzerland, but they didn’t talk to each other.

The stalemate has delayed the software project. None of the developers have been paid by the foundation, said Ms. Breitman, who is CEO of Dynamic Ledger Solutions Inc., which owns the intellectual-property rights to Tezos. “A beta launch could be ready in the next five weeks,” she said, “if problems at the foundation could be resolved.”

Ryan Jespersen is a Utah resident and cryptocurrency enthusiast who spearheaded the T2 Foundation and said he has spent more than $50,000 of his own money to launch it. In an interview, he said he doesn’t want the second foundation to replace the first but was critical of the first foundation’s actions to date. “We would like to see the first foundation set up a board that has the best interests of Tezos in mind, not one individual,” he said, adding that he thinks Mr. Gevers should resign.

When Tezos’s initial coin offering launched in the summer, investors donated bitcoin and ether in exchange for “tezzies,” a new token that would be used on the Tezos platform. But the distribution, somewhat like a crowdfunded project, was tied to the network’s actual launch. Initially, that was expected at some point in 2017 but since has been delayed indefinitely, leading to several lawsuits against the Breitmans and the Tezos Foundation.

Mr. Gevers on Sunday published a post on the blogging platform Medium in which he outlined several steps the Tezos Foundation was undertaking to launch Tezos. However, several hours later he deleted the post, leaving the status of those moves unresolved.

On Wednesday, the foundation announced that it had named a Swiss accountant named Lars Haussmann as the third board member.

Testimonial Regarding Johann Gevers and the Tezos Foundation
This testimonial is co-authored by James Hogan, former EVP Engineering at PayPal, and Patri Friedman, software engineer at Google. We are also financial backers of Tezos, with a sincere wish to see the Tezos Foundation succeed in its charter of supporting Tezos development.

This letter offers a testimonial of our experience working with Johann Gevers, current Chairman of the Board of the Tezos Foundation. Our goal is to aid the Tezos Foundation Board, community members, regulators, and other stakeholders in making more informed decisions about the right leadership for Tezos-related efforts going forward.

We have been reluctant to share our experience publicly for a variety of reasons. We don’t believe that leadership changes should be decided via Reddit flamewars, and we see the vilification of Mr. Gevers in places like Reddit’s r/Tezos forum comments as unreasonably speculative and unproductive. We believe from personal experience that Mr. Gevers, despite his faults, is a man of sincerity and passion. In addition, we (like many others) have been working in a small way behind the scenes seeking a voluntary, amicable resolution.

Unfortunately, this work has failed, and so we now believe the best thing we can do for Tezos and the cryptocurrency community is to add the testimony of our direct experience to those calling for Mr. Gevers’ immediate transfer of authority. We also see this as best for Mr. Gevers himself, whose considerable drive is wasted in a role that requires rapid execution, community engagement, and strong & effective collaboration, none of which play to his strengths.

Testimonial

In 2011, we co-founded Future Cities Development (FCD), an urban development venture focused on building special economic zones in collaboration with the government of Honduras. We recruited Mr. Gevers as our CFO, initially impressed with his passion and strategic thinking.

In the months of working together that followed, while his enthusiasm continued, a pattern emerged in which his communication and execution were consistently and profoundly unreliable. The issue was severe enough to prompt Mr. Gevers to send a formal apology letter to his FCD colleagues via email, and for us to consider dismissing him, despite the severe negative impact on a startup of losing an early employee.

The final straw was when Mr. Gevers opened FCD’s company bank account with HSBC in Hong Kong. Because he opened the account in person, he received physical custody of the second-factor security token, which could be used to grant or revoke others’ access to the account. As Mr. Gevers was based remotely, Mr. Hogan requested that Mr. Gevers forward the token to Mr. Hogan by courier.

Despite several increasingly strong requests over many weeks, Mr. Gevers failed to deliver the access token, offering a series of uncompelling excuses each time. We found this pattern of behavior so unusual and disturbing that we began to fear the possibility that Mr. Gevers intended to embezzle or otherwise misuse company funds. The company’s Board of Directors shared this concern, and approved an emergency measure to move the company’s funds from the HSBC account to our personal bank accounts to ensure their safety until the company account was fully in our control.

We terminated Mr. Gevers’ employment shortly thereafter for his pattern of poor communication and execution. At the time, we felt that Mr. Gevers was most likely an intelligent, well-meaning individual who had been operating dysfunctionally during a period of hardship, or perhaps was simply chronically disorganized. In retrospect, and in light of the developments with the Tezos Foundation, we believe this interpretation was overly charitable.

We do wish to be clear that Mr. Gevers did not ever take or misuse company funds, despite opportunity to do so both before and after his termination. Mr. Friedman has also spoken with members of the failed Laissez-Faire City project, where he first met Mr. Gevers. Contrary to the current online speculation that Mr. Gevers may have committed improprieties as LFC’s auditor, people with first-person experience with the audit reported no such concerns.

Our personal experience working with him was that he was sincerely enthusiastic about the vision and safeguarded our funds with integrity, yet he accomplished so little, communicated so poorly, and was so unwilling or unable to follow direction that we terminated his employment, as described. So while we have little first-hand knowledge of Johann Gevers’ performance at the Tezos Foundation, our experience working with him was absolutely consistent with the poor execution, communication, and cooperation that has so frustrated the Tezos community.

Recommendation

In our personal opinions, Tezos needs to be led by a foundation with a Board of Directors that:

Has the strong public track record of collaboration and execution necessary for a project of this complexity and scale.
Is trusted by the Tezos community, in order to help foster the user and developer ecosystems so necessary to the success of a modern blockchain.
Is trusted by the Tezos founders, Arthur and Kathleen Breitman, in order to ensure smooth deployment and ongoing development of the Tezos network.
We do not believe the Tezos Foundation’s current board meets these criteria, even after yesterday’s appointment of a new board member.

Fortunately, today’s announcement of the T2 foundation, created by community members with a charter to support the Tezos launch and ecosystem, provides a clear path forward. This new foundation does have a robust, well-qualified board with the trust of the development team and the broader Tezos community. They are well-equipped to further the Tezos mission.

Leadership of a non-profit foundation is not for the benefit of the individuals or the foundation itself. It is for the benefit of its stated mission — in this case, the development and promotion of the Tezos ecosystem. At this point, the T2 Foundation appears extraordinarily better-positioned to execute on that mission.

For this reason, we ardently call on the Board of the Tezos Foundation to fulfill its ethical duty to further the Foundation’s mission by (1) publicly deferring leadership of the Tezos project to the T2 Foundation, and (2) funding the T2 Foundation at sufficient levels to significantly advance both organizations’ shared mission.

James Hogan
Patri Friedman

Yes, they got 10x more money than they expected.
But Tezos is and will be great.
Shame that all this happened because of power and big ego's