IOTA founder David Sønstebø reveals the background behind his expulsion and shoots Dominik Schiener.

In a new blog entry , IOTA founder David Sønstebø spoke for the first time about his expulsion from the IOTA Foundation

At the same time, he removes all concerns about his health and state of mind, and affirms that the IOTA Foundation „is not broke“.

As Cointelegraph had previously reported , the IOTA Foundation announced the unanimous expulsion of Sønstebø on December 11th. He is one of the founders of IOTA, who has been one of the co-chairs of the associated foundation since 2017.

With his blog entry, Sønstebø now wants to explain his point of view, because he feels the IOTA press release on the separation as „poorly worded, hasty and downright unprofessional“. Accordingly, it would „leave plenty of scope for wild speculation“.

The founder clarifies that while there has been a disagreement between himself and the Foundation, he vehemently contradicts the claim that his interests „conflicted with the interests of the organization.“ He therefore describes such a representation as „grossly false, dubious and slanderous“ of his person.

Rather, the differences of opinion between him and the Foundation „prepared the ground for the subsequent drama“. According to Sønstebø, these differences of opinion include, among other things, that he had spoken out in favor of installing a managing director (CEO) in order to promote the professionalization of the organization, which was rejected by the board of the IOTA Foundation.

In addition, the Foundation would have incorporated many smaller project areas that should actually be outsourced in order to build up the independence of the IOTA ecosystem. This was followed by a dispute about the Foundation’s finances, because after the board of directors neglected this, several project areas were declared to be the foundation’s territory in order to ensure its own raison d’etre and profitability. Sønstebø strictly rejected this capture, which should ultimately have been the reason for his expulsion.

Accordingly, he states:

„There you have it: these are my ‚different interests‘.“

The IOTA founder then addressed several board members, accusing the German board member Dominik Schiener of not having been involved in the founding of IOTA. Sønstebø only brought him in a year after the foundation stones were laid for the project. For this reason he asks Schiener not to call himself a “founder” in the future.

At the end of his blog post, Sønstebø announces that he will reveal more details about his future next year. Even if he is no longer part of the lead IOTA Foundation, he nonetheless wants to continue to participate in IOTA. So he closes with the words:

„This is not the period at the end of the last sentence, but a comma.“

Discover in video Nathalie Janson’s prediction about the digital Euro. According to her, it will not be available directly via the European Central Bank but via commercial banks. The reflections presented in this prediction series also touch on other ideas of the macroeconomic order. We invite you to discuss each prediction made by sharing your opinion with us.

Review of the development of central bank digital currencies (MNBC)

Since the announcement of the Bitcoin Circuit project, central banks have been rushing to develop their own digital currencies. China is by far the most advanced with initial experiments such as the distribution of its digital yuan in a pilot city . But other countries are not left out. Many announcements have taken place in recent months, Australia, Sweden, Germany and France are developing projects. In early November 2020, the European Central Bank launched a public consultation on the digital Euro .

China, by rapidly developing its digital yuan, intends to take advantage of the first mover advantage. This would allow their digital currency to be rapidly internationalized.

In response, the Americans have also initiated a fundamental reflection on the possibility of a digital dollar.

Impact and dissemination of the digital Euro

According to Nathalie Janson, this digital Euro would be “both a competitor of cash and dematerialized means of payment linked to bank accounts such as credit cards, PayPal , Apple Pay, Lydia or even PayLib. The degree of competition will depend on the level of traceability of transactions with the possible possibility of having an offline / online version of the digital Euro. “

2 distribution models would exist:

The currency would be issued by the Central Bank and directly accessible by individuals. This will mean that individuals should have an account or wallet open with the Central Bank. The risk being that the public prefers “the digital version of the Euro at the expense of cash but above all at the expense of bank accounts. “

A digital currency still issued by the central bank and accessible through commercial banks
If the first solution were preferred, this would mean that individuals would have to have an account or wallet open with the Central Bank. The risk being that the public prefers “the digital version of the Euro at the expense of cash but above all at the expense of bank accounts. This could result in a drop in deposits in banks which would make it difficult to make loans available.

The second solution makes it possible to reduce the risk of the digital Euro being substituted for cash and other means of payment. And therefore to preserve banking stability.

OTA geht Partnerschaft mit Climate Action Company ein, um Nachhaltigkeitslösungen zu erproben

• IOTA ist eine strategische Partnerschaft mit ClimateCHECK eingegangen.
• Die beiden Unternehmen werden daran arbeiten, das IOTA-Protokoll zur Verbesserung der Dateneffizienz und -nutzung im Bereich der Klima-Nachhaltigkeit zu nutzen.
• Das erste Produkt der Zusammenarbeit ist Digital MRV, das in einem 14-monatigen Pilotprogramm in Chile erprobt werden soll.

Das Treuhandprojekt gegenüber Crypto Revolt ist ein internationales Konsortium von Nachrichtenorganisationen, das Standards für Transparenz aufbaut.

IOTA hat sich mit ClimateCHECK zusammengeschlossen, um dessen Protokoll für Lösungen zur Klima-Nachhaltigkeit umzusetzen. Die beiden Organisationen starten ein Pilotprogramm für das Flaggschiffprodukt DigitalMRV.

Die IOTA-Stiftung gab am 8. Dezember bekannt, dass sie eine strategische Partnerschaft mit dem klimafokussierten Technologieunternehmen ClimateCHECK eingegangen ist. Die beiden Unternehmen werden zusammenarbeiten, um Lösungen zur Bekämpfung des Klimawandels und zur Förderung der Nachhaltigkeit zu entwickeln.

Die Zusammenarbeit hat bereits zur Schaffung einer Lösung namens DigitalMRV geführt, die die Datenerfassung und -nutzung verbessert. MRV steht für Measurement, Reporting, and Verification (Messung, Berichterstattung und Verifizierung) und ist ein Prozess, der im Bereich Nachhaltigkeit und Klimawandel eingesetzt wird.

Der Ankündigung zufolge wird die Lösung den Prozess effizienter und die Daten besser nutzbar und kohärenter machen.

Die Zusammenarbeit wird mit einem 14-monatigen Pilotversuch von DigitalMRV an einer Deponiegaserfassungs- und -verwertungsanlage in Chile beginnen. Das Pilotprojekt wird zeigen, dass die Digitalisierung von MRV auf IOTA eine umfassende Verbesserung der nachhaltigen Forschung bewirken kann.

Die IOTA-Stiftung glaubt, dass dies die Wirksamkeit von DLTs für den Klimaschutz und nachhaltige Praktiken beweisen wird.

Die IOTA stellt fest, dass die Echtzeit-Verantwortlichkeit und Transparenz der Daten einen besseren Einblick in die Verarbeitung von Kohlenstoffgutschriften bieten kann. Das Projekt ist ein Schritt in der Priorität der IOTA, skalierbare Nachhaltigkeitslösungen und ein „nachhaltiges Internet der Dinge“ aufzubauen.

Das Team plant, auf diesem Projekt aufzubauen und im kommenden Jahr weitere Lösungen einzuführen.