Dispute at IOTA – Dominik Schiener called on to resign

After a leaked discussion among the members of the Board of Directors of the IOTA Foundation, the founders are forced to make an official statement. After one of the founders, Sergey Ivancheglo, asked the chairman of the foundation, Dominik Schiener, to resign, a truce now seems to have occurred. So while the leadership is trying to converge, the IOTA course is still descending.

Today, Wednesday, 08.08.18., a leaked document was released to the public which traces a dispute among the five founders of the IOTA Foundation in the internal slack channel. In the course of this dispute, Sergey Ivancheglo in particular turned against the chairman of the IOTA Foundation, Dominik Schiener, and even asked him to resign. It seems that the members of the Board of Directors have fallen out completely.

Statement of the Bitcoin profit founders

A short time later, the five founders reacted with an official statement in order to regain the Bitcoin profit of interpretation over the matter. The background to the dispute was an extension of the Board of Directors of the IOTA Foundatioin. Since the registration of the foundation, only three of the original founders had been members of the board: http://www.onlinebetrug.de/bitcoin-profit-review Dominik Schiener, David Sønstebø and Ralf Rottmann. The other two, Serguei Popov and Sergey Ivancheglo, were not there for “reasons of timing and simplicity”.

This initial decision was to be corrected in March 2018 at the instigation of David Sønstebø. To this day, however, nothing has happened that would lead the two waiting founders to doubt the loyalty and trust of Chairman Dominik Schiener. Sergey Ivancheglo’s words begin the leak:

“I want to tell you all that I no longer trust Dominik Schiener and that it would be best for the future of IOTA if he left the Foundation. I don’t want to go into details, but you can get some information from the following chat”.

Dominik Schiener apparently denied the recording of Bitcoin profit

This is followed by a chat session from the internal slack channel, in which the five founders discuss how to deal with Bitcoin profit: https://www.forexaktuell.com/en/bitcoin-profit-scam/ The main point is that Dominik Schiener refuses to accept Ivancheglo and Popov as members of the board of directors. The reason for this is obviously the right of board members to delegate their voting rights to other members. Schiener apparently feared that both new members could transfer their voting rights to David Sønstebø, who would then have decision-making power.

Dominik Schiener therefore insists that the IOTA Foundation’s bylaws be amended to remove the possibility of voting delegations. In Germany, however, the amendment of the statutes of a charitable foundation is only possible by a resolution of the supervisory board. However, since this will only meet for the first time in September 2018 in a constituent meeting, the admission of the two members has also been postponed until then. Ivancheglo and Popov could no longer live with this circumstance.