In a verbose and, at times, vituperative blog post published today, IOTA founder David Sønstebø seeks to "quench all concern" about his state of mind, assure the customs that the "IF [IOTA Foundation] is not bankrupt," and hint at future plans for the ecosystem beingness hatched in collaboration with "investors, separate DLT-project leaders, community devs and others."

As Cointelegraph previously reported, in a December 11th announcement, the IOTA Foundation's board revealed that Sønstebø had been removed from the system afterward a "unanimous" board vote. Sønstebø had served as co-chair of the Foundation since 2017.

Sønstebø'southward weblog post seeks to clear up whatsoever ambiguities about IOTA'south proclamation, which he referred to as "clumsy, panicky and downright unprofessional, allowing ample room for rampant speculation." His own mail, all the same, might heighten more questions than information technology answers.

The founder makes it clear he believes the split between him and the IOTA Foundation was not the consequence of "contradiction betwixt my interests and that of the organization," and that he views such label every bit a "blatantly false, dubiously motivated and defamatory depiction of my person."

Nevertheless, afterwards in the post he describes a pair of disagreements that "[provided] a fertile environment for the past drama to fester," including an case where his internal entrada for the Foundation to appoint a CEO was quashed by the IOTA Foundation board, as well as disagreements about the ownership of several future IOTA ecosystem projects, including "profitable governance of the committees in IOTA Smart Contracts, Oracle-as-a-Service and Decentralized-Infrastructure as a Service."

Sønstebø said that "the Board started panicking about its negligence of the IF's finances," and that they subsequently stepped in to claim these projects in order to ""ensure an "always-growing" runway at the cost of IOTA's ecosystem actually growing." Sønstebø says he "refused" the board taking ownership of these projects and their potential future revenue streams, implying this disagreement is the reason backside the separation.

"There you have it; my "diverging interests,"" he said.

Sønstebø then went on to personally accost multiple Board members, asking 1 to stop referring to themselves as a co-founder, dressing downwards another for "begging" for tokens and for failing to attend meetings, and to invite 1 to "drinkable wine and play chess someday."

"At that place volition be further details on my plans for IOTA coming early on next year. Don't worry. I volition continue to piece of work on IOTA with Foundation members, community members and external partners," he concluded. "This is not the dot at the end of the final chapter's last sentence; it's merely a comma."