Business 21 February 2018

Erik Gibbs

Tezos project could launch within weeks, co-founder says

If you want something done, do it yourself. That’s a lesson Tezos co-founder Kathleen Breitman has been applying as she prepares to pull the trigger on the release of “Tezzies,” with or without internal support.

The Tezos project has been the stuff afternoon dramas are made of. It has been plagued with litigation, internal strife and broken promises, resulting in a string of delays following its initial coin offering (ICO) last year.  The ICO was one of the biggest seen in 2017, raising about $232 million, and now investors want their money to start earning them returns.

At the recently held UCLA Blockchain Lab Cyber Day conference, Breitman announced that Tezzies could be available in just a few short weeks.

“We plan on releasing the token and going rogue in the next few weeks. We’re able to release the token on our own terms. For a while I felt like I was being ‘gaslit,’ but then I unburdened myself of the morality of it. Things needed to move forward. It’s unfair, but we need to ship the code,” she said.

Despite the positive remarks, Tezos have not gained any traction in the markets. After reaching a high of $10.51 in December, they are now trading at around $2.90.

The infighting is evident everywhere, even on Twitter, where users can choose between three Tezos accounts. The Tezos account has been collecting dust and cobwebs since September of last year, while the Tezos Foundation account, overseen by Tezos President Johann Gevers, and Breitman’s T2 Foundation account have continued to be active. The T2 Foundation account and the Tezos account demonstrate a rift between Gevers and Breitman along with her husband and Tezos co-founder, Arthur Breitman.

Gevers has been extremely polarizing as president of the cryptocurrency network, and at times he has been referred to as a dictator, according to reports. Earlier this year, he announced plans to relaunch the project with an all-Swiss team and he’s holding fast to that rule. Despite receiving numerous requests to join the foundation from highly qualified individuals, Gevers allegedly turned them all down for, to put it simply, not being Swiss.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

COMMENT

latest news

Blockchain, Brexit, and Ireland: What will happen?

Business 1 hour ago

Blockchain, Brexit, and Ireland: What will happen?

The economic uncertainty has led many to believe that cryptocurrency might be able to play a role, since traditional currencies might not be able to stabilize through the crisis.

Read More
Cryptopia outlines eventual return as exchange resumes trading

Business 1 hour ago

Cryptopia outlines eventual return as exchange resumes trading

Co-founder Rob Dawson categorically denies that an exit scam took place, and points out that Cryptopia actually plans on reopening. For now, the crypto exchange has resumed trading on 40 various crypto trading pairs.

Read More
Galaxy Digital invests $5.25 million in Bison Trails

Business 2 hours ago

Galaxy Digital invests $5.25 million in Bison Trails

After investing his clients money at the worst possible time, Stefanos Papanastasiou is being sued for losing most of the money.

Read More