IOTA Being Shut Off Is the Latest Chapter in an Absurdist History

Schiener referred to the IOTA Foundation as “the brand which I single-handedly conceived” and that “naturally” his former colleague will never “own it [IOTA]” again. Even if Schiener means a proverbial share in the non-profit, not tokens, both men referred to IOTA as “my” assets or project, which may contradict the idea that they aim to create a decentralized network. The funds they are referring to, Sonstebo said, are 51 million IOTA tokens people bought but haven’t claimed from the sale.


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