Johann Gevers Projects

Johann Gevers explains why Bitcoin has inherent value in a way anyone can understand

The last question from the audience at 1:03:15 of this DLD conference on Bitcoin brought up one of the most common criticisms of Bitcoin (having no inherent value), and Johann Gevers' answer (after two other panelists) explaining why that assumption is wrong made a world of sense, and more so in the context of his talk on the implications of Bitcoin for society at 0:36:12.
Member of the audience: Bitcoin combines the negative effects of the gold standard, being scarce, with the negative effect of fiat currencies, of having no intrinsic value.
Johann Gevers: The question of inherent value often comes up [...] Basically, there is nothing in the world that has inherent value, nothing. Even gold has not inherent value. You always have to ask what is the value to a certain person, for what purpose. For example, if you want to survive, you need water. But some people want to kill themselves. Or oil: oil was seen as a dirty black gooey thing, until there was the invention of a car and it became useful for car fuel. And the same thing with Bitcoin: it's only useful because it has certain properties that make it useful, and those are inherent properties. So if you want to use the word inherent, those properties are inherent to Bitcoin -- they cannot be changed.That is what makes Bitcoin useful, just like gold has certain properties that make it useful for a certain purpose.
submitted by kukkuzejt to Bitcoin [link] [comments]

AMA request: Johann Gevers, CEO of Monetas (To talk about the bitcoin Tunisian project).

submitted by nevremind to Bitcoin [link] [comments]

Johann Gevers, Founder and CEO of Monetas. Ask Me Anything on Bitcoin.com

Johann Gevers, Founder and CEO of Monetas. Ask Me Anything on Bitcoin.com submitted by md01 to Bitcoin [link] [comments]

Stay tuned next Monday: Johann Gevers, CEO of Monetas accepted to do an AMA to talk about his Bitcoin Tunissian project.

submitted by bitcoiniac to Monetas [link] [comments]

Stay tuned next Monday: Johann Gevers, CEO of Monetas accepted to do an AMA to talk about his Bitcoin Tunissian project.

Stay tuned next Monday: Johann Gevers, CEO of Monetas accepted to do an AMA to talk about his Bitcoin Tunissian project. submitted by nevremind to Bitcoin [link] [comments]

DLD14 - Bitcoin: Money Sans Frontieres. A talk about digital currency featuring Margaux Avedisian, Rodolfo Andragnes, Peter Šurda, Johann Gevers.

DLD14 - Bitcoin: Money Sans Frontieres. A talk about digital currency featuring Margaux Avedisian, Rodolfo Andragnes, Peter Šurda, Johann Gevers. submitted by manfromnantucket1984 to Bitcoin [link] [comments]

European Bitcoin Convention - Johann Gevers - Monetas

submitted by edugarbizu to opentransactions [link] [comments]

Johann Gevers, Founder and CEO of Monetas. Ask Me Anything on Bitcoin.com

Johann Gevers, Founder and CEO of Monetas. Ask Me Anything on Bitcoin.com submitted by BitcoinAllBot to BitcoinAll [link] [comments]

AMA request: Johann Gevers, CEO of Monetas (To talk about the bitcoin Tunisian project). /r/Bitcoin

AMA request: Johann Gevers, CEO of Monetas (To talk about the bitcoin Tunisian project). /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

European Bitcoin Convention - Johann Gevers

European Bitcoin Convention - Johann Gevers submitted by alanX to Bitcoin [link] [comments]

DLD14 - Bitcoin: Money Sans Frontieres (Johann Gevers 36:05)

submitted by edugarbizu to opentransactions [link] [comments]

Stay tuned next Monday: Johann Gevers, CEO of Monetas accepted to do an AMA to talk about his Bitcoin Tunissian project.

Stay tuned next Monday: Johann Gevers, CEO of Monetas accepted to do an AMA to talk about his Bitcoin Tunissian project. submitted by BitcoinAllBot to BitcoinAll [link] [comments]

European Bitcoin Convention - Johann Gevers

European Bitcoin Convention - Johann Gevers submitted by bitcoinian to BitcoinVideo [link] [comments]

Statement Concerning The Tezos Crowd Contribution And The Tezos Foundation | Fintech Schweiz Digital Finance News

Statement Concerning The Tezos Crowd Contribution And The Tezos Foundation | Fintech Schweiz Digital Finance News submitted by diyarbakir to tezos [link] [comments]

The True History of Johann Gevers

The Tezos Community is battling to rescue Tezos, and to remove the central impediment to its success, Mr. Johann Gevers. The community has explained its reasoning in several posts and press releases, not least a petition that has garnered worldwide support calling for Mr. Gevers’s ouster from the Tezos Foundation Board.
Further to this effort, a large number of concerned Tezos Community members have collaborated to thoroughly and objectively research Mr. Gevers’s past, and current network in Zug’s “Crypto Valley.”
What we have found is concerning: Mr. Gevers’s history shows a pattern of very disturbing behavior, and of repeated failure through poor judgment, lack of competent management and labyrinthine efforts that seem to lead to either bizarre and questionable activities, or dead ends.
The many members of the Tezos Community who have put hundreds of hours of efforts to crowdsource this document, want the world, but especially the Swiss Foundation Authority, to know the true history of Mr. Johann Gevers.
We call on the world’s press to access the document below and use it as source material to do its own thorough investigation, and confirm our findings.
We call on the members of the Tezos Community to spread the information widely on social media, but to especially draw the attention of the Swiss to the reputational disaster that awaits Zug if Mr. Gevers continues to draw the world’s attention there.
The Crypto Finance Conference is to be held in St. Moritz on 17-19 January 2018, and the conference proudly posts on Twitter that it wants to connect “investors and crypto whales with crypto funds and ICOs.” It further tweets on 15 Jan 2018 that it is “excited that @johanngevers, founder & CEO of @monetasnet, the world’s most advanced transaction platform, and @thecryptovalley, the leading #cryptofinace ecosystem, is joining us in @stmoritz_ch for an #ICO-related panel at #CFC18!”
So advanced is Monetas that Mr. Gevers has driven it into “accidental bankruptcy,” and the legions of Monetas former employees can readily attest to the veracity of the document we have put together, which could well have predicted Monetas’s failure.
The Crypto Finance Conference website speakers’s list describes Mr. Gevers in a paean that borders on either delusion or mockery: “Johann is a visionary thought leader and entrepreneur. His mission is to drive the development of a free and prosperous society. He is the founder of Crypto Valley, the world’s leading cryptofinance ecosystem, Monetas, an award-winning transaction platform, the Tezos Foundation, the Digital Finance Compliance Association, and the Bitcoin Association Switzerland.
Johann is rated as a Top 100 finance leader in Switzerland. His talks The Four Pillars of a Decentralized Society and The Age of CryptoFinance have been influential in the decentralized technologies and fintech spaces. He has served as strategic advisor to companies across diverse industries, including award-winning technology startups.”
The Tezos Community will do everything in its power so that Mr. Gevers does not similarly drive Tezos to the height of bankruptcy, so that the Crypto Finance Conference can then invite him in 2019 to talk about “Tezos, the world’s most advanced transaction platform.”
The Tezos Community Swiss counsel has delivered the document to the Swiss Foundation Authority, and has paid the courtesy of delivering a copy to Mr. Gevers before its public release, and asked him to do the right thing by Tezos. We have received no response from Mr. Gevers.
The Tezos Community is confident that the Foundation issue will be resolved, and that the Tezos Protocol will go on to reach its full potential and revolutionize the blockchain sector.
“Johann Gevers— Background & History:” (English) https://docs.google.com/document/d/1RPLgYqULFQwzk3JZok8Q7OtkZYEyJNtfi24mXh_xlcU/edit?usp=sharing
“Johann Gevers— Background & History:” (Deutsch)
https://docs.google.com/document/d/1i-v-OGEgisDgkMccM-8exO5a1-zS24XnV8nOim4hnLU/edit
submitted by ZHZ000 to tezos [link] [comments]

The Story and Voice of the Tezos Community

You can read the following text alongside our original Community Statement here.
About the Tezos Community
The grassroots Tezos Community is comprised of contributors, developers, Community leaders, prominent crypto technologists, thought leaders and researchers and key industry investors. Together, we have risen up to help the Tezos Foundation overcome its current paralysis and fulfill its mission to support the Tezos protocol. Through online forums and meetups around the world, the Community has united and is galvanized in its request that changes be made to the Foundation immediately.
What we are doing and why
We are gravely concerned about Mr. Johann Gevers and his failure to realize the purpose of the Tezos Foundation. These concerns are clearly enumerated in this Community Petition. The petition has now garnered almost 1,400 signatures, from 95 different countries, including some from eminent people in the wider crypto Community. The Tezos Community wishes to expose the gravity of Mr. Gevers’ mismanagement and the need to make changes immediately to ensure that we realize Tezos’ astonishing potential.
In addition to the Petition, the Tezos Community Organizers have released two position statements, “The Tezos Community Condemns the Foundation Investigating Itself,” which called out the conduct of the Foundation’s self-evaluation as deeply disturbing amid reports here that Mr. Gevers would play a key role in reviewing evidence against himself, and “The Tezos Community Statement on a New Tezos Foundation Board Member,” which, upon the resignation of board member Mr. Guido Schmitz-Krummacher, called on the board to unanimously elect a new board member who is a demonstrably competent executive, highly respected in the crypto Community, and completely independent with no prior dealings with current or former board members, and reiterated its call for Mr. Gevers to resign or be dismissed immediately.
While a board member, Mr. Schmitz-Krummacher never addressed the Community, but upon resigning, he joined an online Tezos Community forum and posted inconsistent and incomplete statements on his actions during his tenure, which he subsequently deleted and revised. This disturbing, questionable behavior severely diminishes Mr. Schmitz-Krummacher’s credibility as he speaks about internal Foundation matters. In addition, these prior statements, which he has since deleted, failed to provide comprehensive answers to specific questions he was asked online, such as: what was the cause of leaks of internal Foundation matters to the media; why the complete and final Foundation audit had not been made public; why Mr. Gevers was allowed to review evidence against himself when obviously there was a conflict of interest; and, why there had not been a unanimous statement from the board clearing Mr. Gevers of the impropriety he denies. At this point, the behavior of the board is so questionable that if the audit is released the Community is concerned that it will be presented in an incomplete or redacted manner so as to protect the interests of Mr. Gevers and possibly of Mr. Schmitz-Krummacher as well.
Pattern of misconduct by Mr. Gevers
Through its determined and passionate efforts, the Community has come to learn about a pattern of disturbing conduct by Mr. Gevers. These are enumerated in the previously mentioned petition, and through personal stories of Community members and former colleagues of Mr. Gevers. The following are a few of these stories and represent a clear and consistent pattern of disturbing behavior by Mr. Gevers.
The Tragedy of Monetas
Mr. Gevers’ now bankrupt venture, Monetas, is a prime example of his appalling mismanagement and willingness to manipulate his financial backers with incomplete and false statements. Recently, Mr. Gevers praised the progress of Monetas to his investors, announced his expectations of profitability in Q2 2018, while only days later Monetas bankruptcy was announced. This means that Mr. Gevers praised the progress of Monetas though he perfectly knew that his venture was over indebted and that bankruptcy was imminent. Here is how he represented the matter to investors.
Furthermore, a key member of the Monetas team has bravely stepped forward to describe the mismanagement of Mr. Gevers. For now, because Mr. Gevers has a history of making threats of retaliation against people who have worked with him, this person wishes to remain anonymous.
Most of the management and employees resigned in 2016 because we could see that Johann was an incompetent CEO, running the company into the ground. I am not surprised at all that Monetas eventually failed. Johann has treated employees and investors very badly. He harmed a lot of people.
Monetas had terrible governance. Johann set the company up in Anguilla, and granted himself sole and single handed decision making powers in all matters. The other shareholders, Board members, or management had no ability to make decisions.
Monetas had very competent managers and advisors who attempted to put the company back on course. As soon as anyone was getting traction, Johann declared them the enemy and part of the ´dark forces´ that are hell bent on destroying Johann and Monetas. One example was a very experienced and highly regarded Swiss banker and entrepreneur, an excellent talented manager who came in as Advisor, and selflessly threw himself into saving Monetas - working practically full time (despite being paid only for a few hours of advisory work). He made a great impact quickly. Johann soon declared that he was ´part of the dark forces against him´ and that ´his aim was to destroy Monetas´. His advisory contract was soon cancelled.
Many Monetas employees had serious financial problems because the company did not pay their salaries, often for months on end. We usually found out that the company was unable to pay salaries by checking our bank accounts and noticing that there was no incoming salary payment. When the company had liquidity problems, Johann almost never warned us in advance so we could at least make arrangements, almost never mentioned it when the salary payment date came and went without payments being made, and when we asked him when salaries were going to be paid, he repeatedly told us of that were due soon and would cover the salary payments. These investment inflows typically did not materialise. We eventually realised that when Johann made these promises, this was on the basis of either no ongoing investor conversations, or only extremely tentative ones that could never have had anything but a small chance of materialising, and none within the timeframes that Johann indicated. Eventually, we did not believe Johann´s statements, but early on, many of us got into financial difficulties trusting what Johann had told us.
When Johann caused someone harm, he seemed to show no hesitation prior, nor guilt or remorse in hindsight. The only thing that seemed to concern him was how he would be seen as a result.
Johann has an inflated view of himself. I have heard him make the following claim, ‘I add a thousand times more value to this company than anyone else working here.’
Tezos Foundation
The same deplorable pattern of behavior is repeating, as Mr. Gevers has so mismanaged the Tezos Foundation that it has failed to fulfill its stated mission, as categorically detailed in the Community Petition. The same animus that he showed towards former advisors who tried to help save Monetas he now aims at Kathleen & Arthur Breitman, the Tezos founders. Mr. Gevers’ paranoia of “the world is out to get me” drove him to leak internal Foundation matters to the press in an attempt to defame Kathleen & Arthur Breitman. After Arthur Breitman submitted a 46-page confidential complaint to the foundation, requesting that it be handled internally with discretion, Mr. Gevers leaked it to the press. Furthermore, when Kathleen & Arthur Breitman requested indemnity against the pending class action lawsuits, Mr. Gevers leaked the matter to the press.
Contributors to the Foundation expect and understand that the Tezos Foundation is obliged to fund the development of the Tezos protocol before its launch. As President of the Foundation, Mr. Gevers bears ultimate responsibility for meeting this obligation, but he has yet to approve funding to the core development team, forcing Kathleen & Arthur Breitman to fund the development alone. This pattern of Mr. Gevers forcing people who work with him to take money out of their own pocket, as happened with Monetas, is repeating at the Tezos Foundation.
On August 10, 2017, the Tezos Foundation announced a $50 million development fund that excited many Community members. No additional details were given past that initial announcement, and no funds were ever distributed. In addition, the Foundation announced that its “spending plans will remain...similar to the numbers outlined in the Tezos Overview document,” but the spending plan has not been implemented.
On September 30, 2017, the Tezos Foundation announced that it would build out the core development team as well as additional “organizations to house teams working on the core protocol, building out the developer experience, and crafting products and applications.” Despite this broad ambition, only Board Member Diego Olivier Fernandez Pons frequently offers support and encouragement to the development team, as seen in twitter posts featuring photos with him and the team, and the core team confirms that Mr. Pons is doing all that he can to help prepare the Tezos network for launch. Mr. Gevers, on the other hand, has been mysteriously absent. Such a profound lack of leadership demoralizes the team and the larger Community.
Since September 30, 2017, the Foundation, under the leadership of Mr. Gevers, has failed to provide an update to the Tezos Community.
Community member and well-known leader, Jonas Lamis, through his own time, effort and expense has hosted a Community website and produced videos on the progress of Tezos. He also coordinated some meetups which the Foundation should have initiated and funded. Mr. Lamis received specific email approval from Mr. Gevers to host a meetup. In this email Mr. Gevers clearly represented that the expense would be reimbursed. Mr. Lamis submitted a request for reimbursement to Mr. Gevers, which has gone unanswered for more than 4 months and counting. The disregard, disrespect and callousness by Mr. Gevers does not go unnoticed by the Community, which highly values Mr. Lamis’ contributions, and follow the same pattern of behavior he exhibited at Monetas, his now bankrupt venture.
Resolution
We do not support or encourage the class action lawsuits that are pending against Tezos in the United States, which we denounce as without merit, and we offer our full support to Kathleen & Arthur Breitman and the core developers. The Tezos Community admires their heroic work despite difficult circumstances.
We call on the board of the Tezos Foundation to immediately fulfill its mandate to “promote and fund the development of the Tezos protocol,” and for Mr. Gevers to resign or be replaced, and if needed, for the Swiss Foundation Authority to forcefully step in and make changes to the Foundation that are necessary to fulfill its stated mission. The Swiss Foundation Authority has clear responsibility and authority in the matter and exists for the purpose of making sure that the Foundation fulfills its charter. We denounce in the strongest terms the disrespect, disregard and utter contempt which Mr. Gevers has shown to the founders of Tezos, Kathleen & Arthur Breitman, and call on the board to repair its relationship with them.
We reiterate the essence of the Community Petition here:
Call to the Press
We call on all reputable journalists and media to take up the untold story of the Tezos Community and its reasonable and sound requests for a resolution. We regret that the united voice of the Community has barely been heard in news outlets while Mr. Gevers’ views and leaks of internal Foundation matters have received large circulation in the media. We call attention to Mr. Gevers’ ties with Thomson Reuters, as both Monetas and Thomson Reuters were founding members of the recently formed Crypto Valley Association, which Mr. Gevers initiated. Nevertheless, we are confident that Thomson Reuters, as well as other media outlets, will be professional and objective in accurately and adequately publishing the views of the Tezos Community.
The Tezos Community is incredibly optimistic about the potential of Tezos. Arthur Breitman and the core team of developers are doing heroic work moving forward despite difficult circumstances. With changes to the board, Tezos will move forward and reach the incredible potential that it has to revolutionize the blockchain sector.
The good name of Zug, Switzerland, known as “Crypto Valley” may well become known as “Klepto Valley” if the Tezos Foundation, with Mr. Gevers at its head, is allowed to take contributions from individuals all over the world and fail to use them for its stated mission and purpose in a timely manner.
The Tezos Community Petition Organizers
submitted by jonaslamis to tezos [link] [comments]

Tezos is in the process of converting all crypto received to fiat

https://www.wsj.com/articles/tezos-raised-232-million-in-a-hot-coin-offering-then-a-fight-broke-out-1508354704
One of the year’s biggest initial coin offerings, a $232 million token sale by Tezos, is embroiled in a management fight that is threatening the deal and highlighting the risks in this red-hot corner of finance. Tezos’s fundraising in July at that point was the largest initial coin offering, a new type of rapid fundraising that has captured imaginations and rivaled venture capital for technology startups. But a battle between the founders of the company and the head of the Swiss foundation they installed to give it more independence has put most trading of Tezos coins on ice, possibly until early next year. That could alarm investors who were hoping that Tezos might catch on quickly. Sales of digital tokens like Tezos coins have concerned regulators and become a sign for some investors of a bubble in the cryptocurrency world.
The costly battle at the company will be an early test for the coin market, which has raised $2.3 billion this year, about seven times the amount raised in all years before 2017. The money has poured in due to enthusiasm for virtual currencies such as bitcoin and open-ledger “blockchain” technologies that are often tied to the offerings. The largely unregulated coin offerings in turn have helped push the value of bitcoin and some other virtual currencies to record highs. But the Tezos deal highlights some of the drawbacks of initial coin offerings, also known as ICO ’s : untested management, opaque structures and little transparency into what anyone involved wants to do with the huge sums they are raising.
The fight at Tezos is between the husband-and-wife team that started the deal and the founder of the nonprofit foundation they tapped to control the project.
“There’s a lot to regret here,” says Kathleen Breitman in an interview this week. She and her husband, Arthur, run the primary company developing Tezos, which wants to improve blockchain ledger technology through software. “We made a lot of mistakes. The best I can do is put my head down and work on the code.” A lawyer representing the Breitmans on Sunday sent a nine-page letter to the foundation’s board, demanding that its founder and president, Johann Gervers be removed, or they would withdraw their support from the project.
Mr. Gevers couldn’t immediately be reached for comment.
He has alleged the Breitmans’ involvement in his work “was incompatible with the needed independence of the foundation,” according to a separate letter from a Breitman lawyer, which referenced a Sept. 21 meeting at which Mr. Gevers made the claim.
The Breitmans, in their late 20s at the time of the offering, had done stints at major firms. He had worked at Goldman Sachs Group Inc . and Morgan Stanley , while she had spent time at hedge-fund manager Bridgewater Associates and consulting firm Accenture . Ms. Breitman also worked as a fellow on The Wall Street Journal’s editorial page during the summer of 2011.
The couple now control Dynamic Ledger Solutions Inc., which, according to Tezos’ website, “owns all of the Tezos-related intellectual property.” The Breitmans contends they used a Swiss foundation to boost the company’s independence and add checks and balances in its early period. Eventually, the plan is for the Breitmans to sell their company to the foundation for about $20 million.
But how much control the Swiss foundation has over the company’s direction has led to a dispute that has put trading of Tezos tokens held by investors in limbo while also putting some of the technology on hold as well. The Tezos tokens, nicknamed tezzies, have yet to begin formally trading, though some trades are taking place in a less liquid prelaunch market. The formal start of trading is tied to the release of the production version of the Tezos platform. That has been delayed by the fight and may not come until February, more than six months after the money was raised last July, Ms. Breitman said.
The money that was raised in the deal is currently with the foundation in a bank account, Ms. Breitman says. The proceeds are in the process of being converted from virtual currencies -- bitcoin and Ethereum—into government-backed currencies.
The offerings are in many ways more akin to crowdfunding efforts than securities offerings, although the Securities and Exchange Commission has said it would review exactly what an offering is on an individual basis. The coins sold by companies in most cases aren’t equity in a firm. Rather, they are tokens that can be used at a future date to purchase services or products a company intends to produce.
submitted by intertron to ethtrader [link] [comments]

Tezos Jokes - Quote what you like/Add yours to the collection

What's the difference between Tezos and NASA? Tezos is actually going to Mars 
Why do meat lovers love Tezos?
Because it's the best 'Proof-of-Steak'
What is an Irish Tezos investor most worried about? “Forking Tezos” 
Who was the prequel to Tezos?
Jeff Bezos
"How much for Tesla?" 100 Tezos. "100 Tezos! That's a lot of money." I know, but Tesla is a big company. And I think if you look at our financial statements for the last few years, you will see you are getting a bargain and we'll include SpaceX for free. 
Where does an Eskimo keep his Tezos?
In a cold wallet.
What’s the difference between an average bitcoin miner and an average tezos baker? An average tezos baker will have at least something to eat 
Johann Gevers
...
He was the joke
What's the difference between Elon Musk's SpaceX and Tezos? SpaceX will actually return to earth, after takeoff... 
Who is Tezos' least favorite rapper?
2chainz!
How long before 1 Tezos becomes worth more than 1 US dollar? It already is!!! 
So Tezos price is down 50% ? Sweet. Now you can get twice as many for the same price.
You hesitate when asked what your occupation is, because you think they won’t believe you if you say both ‘baker’ AND ‘your real occupation’ 
What do you call a 3 humped OCaml? Pregnant
What should Arthur's Twitter handle be? Arthur "Not giving away XTZ" B.(@ArthurB) 
Why is baking Tezos more fun?
Because they never get mold
What does XTZ do after it's baked? It loafs around 
What happened when a delegator's wife came home early?
She caught her husband Masterbaking
Pick up line: You must be a xtz baker, your buns are fantastic 
A frustrated baker walks past a bar
How do you pronounce XTZ? Ecstasy 
Chuck Norris is a Brain Baker
No block dares to delegate to him
Why is Tezos popular in the Desert kingdoms? Because it's oCamel based 
Why do Tezos hodlers want a Tesla?
Because Ferrari is owned by Fiat
submitted by everwhat1 to tezos [link] [comments]

Greedy founders of Tezos

Over a year ago Tezos has conducted one of the most promising ICOs. What was supposed to be one of the greatest blockchain project turned into a series of corporate wars for money and power.
The conflict between Tezos founders Arthur and Kathleen Breitman and Johann Gevers, the former president of the Tezos Foundation, has resulted in costly delays in developing and launching the Tezos network. Angry investors have filed four class action lawsuits against Dynamic Ledger Solutions, Inc., the Breitmans, and the Tezos Foundation. Here’s the whole story, in case you missed it.
Why Tezos founders are fighting so hard to get the full control over the Foundation, what do they get out of it, or more precisely, how much do they get out of it?
Where the money came from
Founders told the journalist at Wires they funded the platform’s development out of their own pockets. But hold on, the Breitmans conducted a private pre-sale between September 2016 and March 2017 and received $612,000 in funding from these early investors. In 2017, renowned technology venture capital firm Draper Associates, through Draper Associates Crypto, also made an equity investment of approximately $1.5 million in return for a minority stake in DLS. And these funds were used for the project development, not personal ones. There’s even more.
In the beginning, we mentioned lawsuits. Reuters has reported founders of Tezos were seeking for their legal costs to be covered by the Tezos Foundation. Investors who sued DLS have paid for their lawyers.
What exactly does DLS own
DLS, Dynamic Ledger Solutions, Inc., the company founded by Arthur and Kathleen Breitman, owns all of the Tezos-related intellectual property, including the source code of the Tezos cryptographic ledger, logos, and trademark applications associated with the name Tezos, domain names, and goodwill arising from a set of a relationships with several contractors and potential customers in the financial technology market.
What does not make sense is that DLS is not doing much for the product development after they have raised $232 million. They control the Foundation and they are basically sitting on a money bag not doing much. Nothing but failed expectations have been delivered so far.
How much will DLS make
According to the “Transparency Memo,” DLS will own almost 1/5 of the total value of XTZ. The founding team will receive 10% (76.3 million tokens) of the tokens, the Tezos Foundation (separate entity on the paper only) will receive 10% as well, both vesting over 4 years. They will have a nominal inflation of 5% annually. DLS shareholders are also entitled to receive 8.5% of the ICO proceeds in cash.
As of August 2018 that would roughly be $282 million worth of tokens and about $19.7 million in cash.
The remainder of funds raised in the Tezos ICO is purportedly the Tezos Foundation’s property. While the Tezos Foundation appears to have the mandate to use these monies to support the development of the Tezos blockchain, it appears to have no legal oversight or compulsion to do so.
More questions remain unanswered:
- What is going to happen to the unclaimed tokens?
- When will investors actually be able to see XTZ on major exchanges?
- Where is the detailed project development plan, token allocation plan?
We need answers from the founders. We believe in a great idea behind the project, this is why we invested in the token a year ago and this is why we encourage you to ask DLS more questions, do your own research and demand full transparency.
submitted by crazypants88 to tezos [link] [comments]

Chainalasys VS Mycelium - The full story

Mycelium Wallets use our own custom nodes to process the bitcoin blockchain and scan for address balances. These nodes were written by Jan Møller while he was the Lead Developer, along with our other devs. The job of these nodes is to parse the 30 gig Blockchain database into our own custom database, which is much larger, being over 100 gigs in size, but which allows for very quick and easy lookup of address balances, allowing for instant balance lookups and to do things like Cold Storage spending from paper wallets and Trezor. Note that this custom database doesn't actually contain anything that's not in the original blockchain database itself.
Mycelium's owner and developers believe in total financial privacy and personal freedom, and our company has a goal to make Mycelium Wallet the most anonymous wallet possible. For this reason, we have kept our wallet code completely open since the beginning, and have been public and open about what goes on internally in our company (I hope you have noticed my frequent updates, especially with the unfortunate Entropy delays). And even while Jan was still the lead dev, we have created LocalTrader to work completely anonymously, using only bitcoin signed messages for user authentication and encrypting all user chat P2P using their respective private keys so our servers receive no usable data. We have also added HD wallet support, and disabled all IP and transaction logging on our nodes. However, we also realize that just us claiming that we do that isn't good enough, and that's why we added full Tor support, and are in the process of implementing CoinJoin, which we hope to have enabled by default, so that even those who don't care about staying anonymous will help contribute. Our goal was to have Mycelium Wallet be as anonymous as Dark Wallet, and that has not changed.
Jan Møller, our lead developer who did most of the work on the nodes, realized that the node-parsed blockchain database can be used to analyze bitcoin transaction activity, and help track transactions in the same way that our current financial institutions do (although with much less certainty). So he decided to have his own project that does just that, and has split off from Mycelium company last October. We still kept him on as our chief technical consultant, since he did write most of the node and original wallet code, so he is technically still employed by Mycelium, but he has had no access to our nodes since he left. Our current full time lead developer is Andreas Petersson, who is working on implementing Coinapult Locks right now, and the other two developers are Jan Dreske (trasla here) and Daniel Weigl, who have been adding support for Trezor, fixing bugs, adding minor requested features, etc.
We at Mycelium are not fans of what Chainalysis does, but we can't really object too much, because if something like this is even possible to do, then someone will do it, whether it's Jan's company or someone else. It's also preferable that this is done by a public company in the open, instead of in secret by a government agency. And secondly, since the developer behind this is someone who worked with us and continues to stay in touch and advise us, we can at least get inside knowledge of what may be tracked and how by such systems, so we can be aware of what to watch out for and what to fix. Obviously it's not a guarantee that we will get an honest answer, but it's still better than nothing.
With regards to why our website's About section still lists Jan Møller as a Lead Developer, it's because our website dev has been working full time on another (secret) Mycelium project, and has not had the chance to change anything. I guess the site is too low of a priority to update. Note that both of our current top wallet developers who have been doing most of the work these past few months, Jan Dreske and Daniel Weigl, are completely missing from there too. I am sorry that I have not publicly stated anything about this either, but since Chainalysis is a completely separate company, Jan Møller has not had access to our internal systems since he became a consultant, and our internal goals are still total anonymity, there was no risk whatsoever to Mycelium or the privacy of our users from the Mycelium side. I have been fairly open about being an AnarchoCapitalist myself, supporting people like Cody Wilson and Ross Ulbricht, and supporting the idea of The four pillars of a decentralized society as explained by Johann Gevers to help decentralize government functions. So if there ever is a risk of Mycelium becoming a snooping agency, or if Mycelium changes its goals with regards to expanding personal freedom, I still promise to let the community know, since there would be no way I would be willing to continue to work there if that happens.
P.S. Yes, we have those Chainalysis nodes blocked on our Mycelium nodes, too, but that's not really a fix, since Chainalysis can just change their IP address.
EDIT: Also, please note that if Mycelium wanted to be involved in this, we would have done this internally ourselves, likely making a ton of money from bankers and regulators in the process. But we didn't, not even allowing Jan to work on this internally, and wouldn't even consider implementing anything like that.
submitted by Rassah to Bitcoin [link] [comments]

Johann Gevers‏ is a narcissist that will stop at nothing to take full control

By the way, I know that it's now obvious that Gevers is a narcissist. However I identified ages ago that Gevers is a narcissist as he is very similar to a person I used to know over the past few years, that destroyed a multi million business due to excessive narcissism.
The longer Gevers stays in control the more chance Tezos has to fail. This man must be removed.
Have a read of these:
https://twitter.com/johanngevers/status/954338290366320640
[...] and cultural fit is especially important initially, to build trust and productive working relationships.
This type of wording is commonly used by narcissists.
One of the most toxic persons I have ever met in my life is a narcissist and he would used words like this a lot to attempt to show that it was they that were the ones being harmonious. Things like cultural fit, trust, productive relationships. All of these words are corporate double speak and they are there to hide the one being toxic. Normally HR use words like this without really thinking about where they come from. Often the origin is a narcissist high up in the organization. By presenting themselves as the one that wants trustful and productive working relationships they mask their true intent.
https://twitter.com/johanngevers/status/954465088441905155
[...] Please be patient while we get things set up. Further announcements coming later next week.
Why should we be patient? We gave you hundreds of millions of dollars, missed out on so many community projects that could have been funded outside of DLS. This narcissist I know is the same. He screwed everything up so badly, then asked for us to be patient. Making it out like we're the ones in the wrong, for wanting something that we shouldn't really dare be asking for.
https://twitter.com/johanngevers/status/954336650389348352
The most important category is the executive team — because that's where the action is.
The level of self love this man has is insane. All the onus is on him to finish his project. Yes you can tell now that Gevers believes that this is his project, not u/murbard project.
And to discount development so easily?!?! Insanity! There is no way Tezos can become an EOS, Ethereum, Bitcoin competitor without a primary focus on the tech. This is first and foremost the core of these types of projects. Now I understand why Gevers has failed so badly at every project they have ever touched. How can Tezos compete with an outsourcing team? WTF!!!!!!!!!!!!!
Let me explain.
This narcissist I knew was not capable tech wise, but his view of tech was so bad, that management was the only important consideration, that we lacked resources and the company started to fail under his leadership. See from my experience, good leadership would detect that the tech is primary and then will allocate resources to those areas accordingly. However this person I knew, he just thought that sitting on his chair was enough, that talented people would come from miles around to work with him no matter the low pay and shitty conditions of the office place.
This is how a narcissist fails. They think that the world revolves around them and that the talent will flock to their name.
I am certain now this is what Gevers believes, that all the talent in the world will flock to Tezos because of the name Gevers. And this is how these projects fail. Because in reality no one wants to work with a toxic narcissistic idiot that thinks of themselves alongside Elon Musk.
https://twitter.com/johanngevers/status/954334947963297804
Best practices start with good people. With good people, there’s no limit to the heights you can achieve. Without good people, all the other best practices will ultimately fail. — Johann Gevers
He actually quotes himself.
https://twitter.com/johanngevers/status/954334144124813313
Building a startup is like staring into the abyss of death and eating glass. —Elon Musk
Alongside quoting Musk.
I think that we need a heavy weight like Tim Draper on board to shut Gevers down. It seems us common folk are running out of options.
submitted by drawingthesun to tezos [link] [comments]

Guido goes to Cardano / ADA

I just found this: http://www.luzernerzeitung.ch/nachrichten/wirtschaft/ex-tezos-mann-geht-zu-cardano;art9642,1203266
Schmid succeeds Guido Schmitz-Krummacher, who will leave the company at the end of March after six years and will thus also leave most of the positions on the Board of Trustees in the blockchain environment. This can be found in a letter from Sielva to the customers.
At its headquarters at Gubelstrasse 11 in Zug, Sielva employs only four people. From there, however, the company takes care of the domicile of dozens of international companies and foundations. This includes the Cardano Foundation, which is behind the ADA crypto currency. Schmitz-Krummacher is now handing over his position as head of Sielva, but he will remain in the blockchain scene. Research shows that he will assume a leading role at Cardano.
Cardano is considered a possible "next big thing" in the crypto world, along with other newer crypto currencies such as NEO, EOS or IOTA. With a market value of over $10 billion, Cardano is now the sixth largest cryptocurrency after Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin.
Cardano is backed by the American Charles Hoskinson, who is one of the co-founders of the cryptocurrency Ethereum, which is also organized by a foundation in Zug. The third world-famous cryptoproject with Zug background is Tezos, which until recently was also organized by Sielva: Schmitz-Krummacher sat on the Board of Trustees of Tezos until December 2017. The German, however, resigned from Tezos because it is said that he had had enough of the quarrels between the President of the Foundation Council, Johann Gevers, and the founding couple Arthur and Kathleen Breitman.
Translated with www.DeepL.com/Translator
submitted by pfedan to tezos [link] [comments]

Johann Gevers, CEO und Gründer der Monetas AG BitNews.tv - YouTube CFC 18 / Johann Gevers

Johann Gevers, one of the major players in the Tezos dispute and Diego Olivier Fernandez Pons have decided to step down from the board voluntarily. In their place are Ryan Jesperson and Michel Mauny. According to the press release, the two members of the committee who have stepped down have done so to support the advancement of the Foundation in all its stated goals. I m a South African-born entrepreneur with a lifelong passion for helping create a better life and world for everyone, by building essential infrastructure for a free society. CryptoFinance presents us with a unique opportunity to dramatically improv.. Johann Gevers is a very tall, slender, charismatic man in his early fifties, with a high forehead, short orange hair whitening at the temples, and cloudy gray-blue eyes. He grew up in South Africa ... Erstwhile digital role model Johann Gevers continues to make headlines and mystify observers: ... Bitcoin Suisse Nabs Fintech Co-Founder. Monday, 19 October 2020 10:58 Zurich Hotel Provides Crypto Trading Services to Guests. Friday, 16 October 2020 16:11 Privatam: Structured Products Know How Extended. Wednesday, 14 October 2020 12:15 EFG Bank Develops Blockchain Platform With Singapore ... Sehen Sie sich das Profil von Johann Gevers auf LinkedIn an, dem weltweit größten beruflichen Netzwerk. 10 Jobs sind im Profil von Johann Gevers aufgelistet. Sehen Sie sich auf LinkedIn das vollständige Profil an. Erfahren Sie mehr über die Kontakte von Johann Gevers und über Jobs bei ähnlichen Unternehmen.

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Johann Gevers, CEO und Gründer der Monetas AG

Johann Gevers from Monetas - Bitcoin Singapore 2013 - Duration: 14 seconds. 242 views; 6 years ago; 0:22. Gabriel Mirón from MEXBT.com - Bitcoin Singapore 2013 - Duration: 22 seconds. 192 views ... But how does bitcoin actually work? ... Johann Gevers - The Rise of Digital Assets as an Asset Class and Why They Are Relevant to You - Duration: 45:14. Melon Protocol Recommended for you. 45:14 ... Johann Gevers erklärt, was Kryptofinanz-Technologie ist und wieso ausgerechnet in Zug ein «Crypto Valley» entstehen soll. Crypto Finance Conference 2018, St. Moritz Johann Gevers - Founder of the Crypto Valley ecosystem. Founder and CEO of Monetas. Founder and President of the T...

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