The director of Ethereum Classic objected to the misconception of management

This week, top sponsor James Wo resigned from the ETC Cooperative Council after making charges against Bob Summerwill. Summerwill had the following arguments.

Ethereum Classic

Bob Summerwill - Director of Ethereum Classic

James Wo, founder of venture capital firm Digital Finance Group, joined the non-profit ETC Cooperative as a board member in 2018. ETC Cooperative was established to support growth and development. of the Ethereum Classic protocol. Wo positive The nonprofit organization has "flagrant mismanagement".

“Financial management in the form of sponsorships for pet projects has little value and ongoing personal travel expenses. Bob hired his fiancé to work as an accountant, operating in the form of nepotism.

He further stated that Summerwill divided the Ethereum community:

“He claims to be opposed to tribalism, but uses the Cooperative to solve old problems with Ethereum, to bully those who disagree with him or cause doubts for unclear technical changes. of the community. Summerwill called the Ethereum Foundation a scam on Twitter. ”

For its part, Summerwill denied the allegations. In fact, he said, "James was removed from the council at the annual meeting that took place less than 2 hours later." He provided schedule meeting as evidence. At the meeting, blockchain engineer Elaine Ou, legal director of Grayscale Investments Craig Salm and ETCDEV advisor Roy Zou joined the council.

Summerwill in turn resolved each accusation. Wrong pet projects and mismanaged financial management probably refer to his oversight of potential changes of the ETC hash algorithm. Summerwill said, "This is a matter of primary concern and ongoing discussion. So we are funding the implementation and testing, to reduce the risk of that hypothesis. ”

Travel expenses? Summerwill wondered if this was wrong? This year, he attended several Ethereum events, including ETHDenver and ETHCC. “We are a small platform, so one-on-one communication is important. Basis is the strategy. Nothing out of the ordinary. ”

And in terms of nepotism, Summerwill said “I announced our relationship at the time of dating her. The council knows. Moreover, Alison is not just an accountant. She is a financial controller and CPA, with years of relevant professional experience. ”

Summerwill continues to point out the conflict of declare benefits he has maintained since 2017, which details his finances, job relationships and offset roles. The document was last updated on February 29.

Thuy Trang

According to Decrypt

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