{"id":133200,"date":"2020-12-26T17:30:00","date_gmt":"2020-12-26T12:00:00","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=133200"},"modified":"2020-12-26T11:25:44","modified_gmt":"2020-12-26T05:55:44","slug":"iota-founder-issues-clarification-on-exit-divergent-interests","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/iota-founder-issues-clarification-on-exit-divergent-interests\/","title":{"rendered":"IOTA Founder issues clarification on exit, ‘divergent interests’"},"content":{"rendered":"

It’s been a good few weeks for IOTA and its community. Not only did the development team release<\/a> the Chrysalis Phase 2 testnet to the public in mid-December, but it also released an alpha version of Stronghold<\/a>, an open-source software library for IOTA Seeds. However, December hasn’t been entirely free of controversy for IOTA, with the acrimonious exit of David S\u00f8nsteb\u00f8 shaping the news cycle in the first half of the month.<\/p>\n

However, it would seem that the episode isn’t over yet. Weeks after the IOTA Foundation and David S\u00f8nsteb\u00f8 “parted ways<\/a>,” S\u00f8nsteb\u00f8 has now come out with a statement highlighting his side of the story. Taking issue with the IOTA Foundation’s contention that “David\u2019s interests and the interests of the IOTA Foundation have diverged significantly,” S\u00f8nsteb\u00f8 said,<\/p>\n

“The official reasoning for my departure was communicated on the basis that there was some kind of contradiction between my interests and that of the organization. I categorically reject this blatantly false, dubiously motivated, and defamatory depiction of my person.”<\/p><\/blockquote>\n

The former IOTA Foundation exec also revealed that he had repeatedly brought to everyone’s notice the need to appoint a CEO\/COO since IF was suffering from a case of “Founderitis.” However, he claimed<\/a>,<\/p>\n

“Regrettably and inexplicably, the Board repeatedly resisted this, despite me even naming a promising prospect from within IF. Unfortunately, this meant that the maturation of the Board was hampered.”<\/p><\/blockquote>\n

S\u00f8nsteb\u00f8 also took a shot at the IOTA Foundation’s emerging role in the community. Criticizing the same, he added,<\/p>\n

“The IOTA Foundation is equivalent to the Coordinator in many aspects; it was conceived to support IOTA\u2019s success in the early days, but not evolve into a centralized authority of IOTA in perpetuity. The IOTA Foundation is meant to become one of many influential entities in the ecosystem of IOTA.”<\/p><\/blockquote>\n

According to S\u00f8nsteb\u00f8, these were the “divergent interests” the Foundation was talking about in its announcement. It should be noted, however, that the former exec was also quick to state that IOTA still has his “full conviction.” Finally, S\u00f8nsteb\u00f8 also assured IOTA’s community members that the IOTA Foundation is NOT on the verge of bankruptcy.<\/p>\n

At the time of writing, the IOTA Foundation had not responded to S\u00f8nsteb\u00f8’s latest salvo.<\/p>\n","protected":false},"excerpt":{"rendered":"

It’s been a good few weeks for IOTA and its community. Not only did the development team release the Chrysalis Phase 2 testnet to the public in mid-December, but it also released an alpha version of Stronghold, an open-source software library for IOTA Seeds. However, December hasn’t been entirely free of controversy for IOTA, withContinue reading “IOTA Founder issues clarification on exit, ‘divergent interests’”<\/span><\/a><\/p>\n","protected":false},"author":21,"featured_media":133210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-133200","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nIOTA Founder issues clarification on exit, 'divergent interests' - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Weeks after the IOTA Foundation and David S\u00f8nsteb\u00f8 "parted ways," S\u00f8nsteb\u00f8 has now come out with a statement highlighting his...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ambcrypto.com\/iota-founder-issues-clarification-on-exit-divergent-interests\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IOTA Founder issues clarification on exit, 'divergent interests' - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"It's been a good few weeks for IOTA and its community. 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