The Babylonian captivity – Cardanos Michael Parsons resigns

the The Cardano Foundation has announced a change of personnel. Accordingly, the Chairman of the Foundation Board Michael Parsons will no longer be part of the team.

By Phillip Horch
15. November 2018 share Facebook Twitter LinkedIn xing mail

change of personnel at Cardano: As you can see from an official announcement of the Blockchain-business from the train, Michael Parsons is no longer a member of the Board of Trustees. The decision was implemented with the announcement directly in the fact. The news is likely to be a Cardano-trailer less surprising, has announced a personnel change.

assigns to foresee

parts of the Community had demanded the withdrawal of Parsons already. Charles Hoskinson and Ken Kodama had written in mid-October, an open letter. The two criticized, most recently, the leadership style of Parsons:

"For more than two years, there is great Frustration in the Cardano Community and in the Ecosystem. This is due to lack of activity and progress in the tasks assigned to the Cardano Foundation and its Council. In addition, in spite of many unsuccessful Attempts and approaches to the Chairman and the Council of the Foundation is to change this, no clear signs of improvement.“

Also called Charles Hoskinson and Ken Kodama, a disclosure of the financial activities of Parsons:

"[We] demand that the Board of Trustees voluntarily throws the Swiss authorities that all financial transactions and important decisions of the Foundation are fully tested and that the results be made available to the Public. This assessment should also include direct and indirect remuneration, [ ... ] were paid to Mr. Parsons, his step-son, Bruce Milligan, Director General, and his wife, Julie Milligan, who was as assistant to Mr. Parsons, [].“

"The Babylonian captivity of Cardanos is finished,"

In the connection announced Hoskinson and Kodama, also, to leave the Cardano Foundation, which led to a direct response from the Community. She launched a Petition against Parsons, by demanded his resignation. In response to the resignation posted Hoskinson then a YouTube Video with the melo-dramatic title of "The Babylonian captivity of Cardano is finished":

The Babylonian Captivity of Cardano has Ended

watch This Video on YouTube.

Clearly delighted as he saw the change of personnel as a positive Signal for the Cardano-project. This was now the possibility of a new orientation.

The "New": Pascal Schmid

The succession of the Parsons will take up Pascal Schmid. The Swiss completed his studies at the University of St. Gallen in 2004 with a Master's degree in the areas of Finance, accounting and Controlling.

More to Cardano in the article "New Coins on the Block".