Stephan Tual, one of the main developers of The DAO structure, has left the Ethereum community after nine years.

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“I cannot, in good conscience, continue to act like 'all is well' in Web3,” he wrote in an email to the Ethereum London meetup, announcing that he plans to stop running the meetup and leave the Ethereum community more broadly.

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Tual shared more details in a separate Reddit post. This post addressed various fraudulent claims around The DAO and German software company Slock.it’s part in it. It also criticized the current state of Ethereum:

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“As of August 15th, 2022, the 'blockchain' (or should I use the hedge-fund coined terminology 'distributed ledger'?) has turned into a circus of centralized NFTs, endless Ponzi schemes, illegal securities or turncoat sycophants pledging loyalty to the nearest regulator. I do not recognize myself in that space, not even one bit,” he said.

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Tual concluded that he will now focus on other “liberation technologies” such as mesh networks and software-defined radio communication. 

Stephan Tual @stephantual

Time to move away from "#web3". I'll be focusing my energy on leveraging practical tech the old fashion way. You know, the kind where you have to build and sell actual products before you exit the company. Crazy, I know! 🙀

August 18th 2022

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