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




Follow the Twitter page | Subscribe to Telegram channel | Follow the Facebook page

Crypto loans are only from 5.9% annual interest rate - you can use the money effectively without selling coins. Earn up to 8% interest per year with stablecoin, USD, EUR & GBP with insurance up to 100 million. Come on, get started now! →

Nguyen Diep

My name is Nguyen Manh Cuong. I was born in a poor village in Ba Vi district, HA NOI province - windy and sunny land. Currently

Post a Comment

Previous Post Next Post

Đọc nhiều trong tuần

10 Grands Sites de modèles PowerPoint gratuit
10 Grands Sites de modèles PowerPoint gratuit

PowerPoint est toujours le roi quand il vient à un logiciel de présentation. Il a été autour depuis des siècles et chaque nouvelle version ajoute plus de fonctionnalités et rend …

17 best home jobs in 2020
17 best home jobs in 2020

Earning Money blog access_time April 13, 2020 hourglass_empty 28 least Read Finding work from home is easier thanks to high technology. Not only suitable for tho…

How much RAM is the iPhone 12 Pro?
How much RAM is the iPhone 12 Pro?

The RAM of the iPhone 12 Pro is up to 6GB.
Based on information in the latest Xcode beta from Hiraku, it can be said that both of Apple's new iPhone 12 Pro models have 6GB of R…

JavaScript
JavaScript

JavaScript is a programming language of HTML and WEB. It is lightweight and most commonly used as part of web pages, but their implementation allows Client-Side scripts to interac…

translate