Get yourself a crypto tee or surprise a crypto enthusiast in your life with our festive Coin Bureau Merch!
Tezos Infighting Continues
4 min read

The Tezos Saga Continues: More Infighting Dogs Project

By Editorial Team

It was the darling ICO of last year, breaking records for raising over $232 million from investors all around the world. However, the project has faced numerous delays as intense infighting has surfaced.

This has also spilled over into the community at large as Tezos now faces numerous lawsuits. This is because at the time of funding, Bitcoin was trading for $2,000 and Ethereum $200 so investors have lost considerable returns on the committed funds.

Now it seems as if the internal dynamics and dysfunction is on full display again. In this case, the news is related to the foundation’s president, Johan Gevers. He has been blamed for many in the community including the Breitmans as the reason for the delays.

Many accuse him of trying to operate a dictatorship which can further be evidenced by his most recent actions.

“All Swiss Team”

On Tuesday, Gevers said that he wanted to re-launch the project with an all Swiss team in upper positions. This was on the back of a request by Gevers for applicants for a “new look” Tezos foundation with a “global team”.

This was also a light at the end of the tunnel as those in the community saw it as an opportunity for new life to be breathed into the project. There were a number of those who applied hoping to get some feedback from Gevers.

Claim you OTN Tokens

However, this was quickly shot down as he vetoed all of the applicants with a single action. This was seen in a generic email that was sent to all of the applicants from Diego Pons to all of the applicants.

email sent to tezos foundation applicants
Email from the foundation to applicants

This baffled a number of people given that is was made clear by one of Gevers’ tweets (that was deleted) that said that they would welcome a global team and “developers will be sourced globally”.

Gevers' Deleted Tweet
Gevers’ Deleted Tweet – Image via Reddit

What then followed was a series of nonsensical tweets from Gevers that quoted people from Elon Musk to Warren Buffet to Gevers himself. In the end, he tried to backtrack on his initial claim and sent out the below tweet.

To the outside observer, these actions would no doubt raise a number of alarm bells. They could claim that this was his attempt to take over the foundation and make sure that everyone was under his control.

There were also less flattering descriptions of Gevers from some in the community. For example, the person behind Storecoin, Chris McCoy, gave his opinion of Mr Gevers after hearing his talk at the blockchain conference in Switzerland.

…This Gevers character came across as a sociopath dictator extraordinaire. His speech was some weird shit. I’m now unsure how this plays for Tezos, the blockchain protocol. Very unfortunate

Gevers’ Previous Ventures

Indeed, it seems as if Gevers does have quite a long and unsuccessful business record. This was pointed out by many in the community who assembled a list of the ventures that he has been involved.

While the fact that someone has been involved in numerous companies and has their name attributed to them is not uncommon for consultants / auditors, there appears to a specific trait with his ventures. The document stated that

…a noticeable pattern emerges: the majority of these companies end up in dissolution, bankruptcy or seem to disappear without a trace

Not All Doom and Gloom

While it is quite clear that Gevers has managed to annoy a large amount of people with his antics, it is by no means the determining factor in the project. While the lack of a strong leader is a hindrance, the development keeps ticking on.

The Github repository has had a large amount of activity over the past few weeks. This shows that developers are hard at work, building the most important part of the project, the technology.

Although the antics by Gevers are giving the project a bad reputation, it is good to see that many view that as the only stumbling block to an eventual launch.

One can only hope that the foundation is able to deal with the stumbling block soon.

Featured Image via venturebeat.com

Editors at large. Posting the latest news, reviews and analysis to hit the blockchain.
View all posts by Editorial Team -> Best Crypto Deals ->

Related Posts

FTX Exchange
Withdrawals not Halted at FTX: Instead Binance will Buy FTX
FTX Exchange

Withdrawals not Halted at FTX: Instead Binance will Buy FTX

November 9th, 2022 3 min read
OKX invests in WAX
OKX Blockdream Ventures Invests Millions in GameFi and NFT Development on WAX
OKX invests in WAX

OKX Blockdream Ventures Invests Millions in GameFi and NFT Development on WAX

June 3, 2022 2 min read
Binance partners with the weekend
Binance Partners with The Weekend to Provide First-Ever Web 3 Enhanced World Tour
Binance partners with the weekend

Binance Partners with The Weekend to Provide First-Ever Web 3 Enhanced World Tour

June 3, 2022 2 min read
21Shares Releases Sixth State of Crypto Report
21Shares Releases Sixth State of Crypto Report: Summary
21Shares Releases Sixth State of Crypto Report

21Shares Releases Sixth State of Crypto Report: Summary

June 2, 2022 3 min read
Algorand and MakerX Commit 1M Algo to Migrate Terra Users to Algorand
Algorand and MakerX Commit 1M Algo to Migrate Terra Users to Algorand
Algorand and MakerX Commit 1M Algo to Migrate Terra Users to Algorand

Algorand and MakerX Commit 1M Algo to Migrate Terra Users to Algorand

June 2, 2022 2 min read
Regulators are “Not Allowing” Banks to Engage with Crypto
Bank of America CEO: Regulators are “Not Allowing” Banks to Engage with Crypto
Regulators are “Not Allowing” Banks to Engage with Crypto

Bank of America CEO: Regulators are “Not Allowing” Banks to Engage with Crypto

June 1, 2022 2 min read
US Conference of Mayors Introduces Blockchain Resolution
US Conference of Mayors Introduces Blockchain Resolution
US Conference of Mayors Introduces Blockchain Resolution

US Conference of Mayors Introduces Blockchain Resolution

June 1, 2022 2 min read