Infighting Breaks Out Among Tezos Leadership Over $400m ICO Spoils

[kreslik.news]

When ICOs started raising tens and hundreds of millions of dollars in Bitcoin or Ethereum, most with no viable product to show for, based only on hastily written whitepapers, many people in the cryptocurrency community feared that we are entering a bubble. The idea was that the young entrepreneurs behind most of them will simply not be able to deliver sufficient results at the end to justify the exaggerated initial investment.

Now we see that the huge sums raised in ICOs are not only a problem for investors, but might actually hurt the projects themselves too by creating an incredible amount ... (read more)