Arweave Founder Accuses Irys of Unethical Behavior
Sam Williams, the founder of Arweave, has accused storage solution company Irys of planning to fork his decentralized information storage firm. In a tweet, Williams claimed that Irys intends to “drop the dataset and reset the token supply,” which he believes is motivated by greed. Despite the existence of a mechanism within Arweave for upgrading and forking the network, Irys has chosen to ignore it.
Censorship Allegations and Market Impact
In response to Irys’ actions, the value of the Arweave token plummeted by approximately 20%. Williams has advised Irys users to switch storage providers and remove the storage project from display, causing significant delays on the platform. Irys has fired back with accusations of active censorship against Arweave, claiming that Williams is behaving like a tyrant. They emphasize their commitment to open-source and permissionless technology.
Backlash from Users
Irys’ statement has sparked criticism from users who question the need to fork Arweave and reset the token supply. Many have expressed disappointment in Irys’ decision, viewing it as a negative move during a bullish market. Despite the controversy, Williams remains open to dialogue with Irys and is willing to support their experiment if done in a way that benefits the ecosystem.
Hot Take: Arweave Founder Accuses Irys of Planning to Fork the Platform, AR Token Plunges
Founder Sam Williams accuses storage solution company Irys of planning to fork Arweave in an attempt to reset the token supply. The move has caused controversy and market volatility, with the value of the Arweave token dropping significantly. While Irys claims they are committed to open-source technology, critics argue that their actions are motivated by greed. The situation has sparked a backlash from users who question the need for the fork and express disappointment in Irys’ decision. Despite this, Williams remains open to communication and hopes that Irys will reconsider their approach.
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