hi everybody hey guys just thing really quickly I was looking at coin Telegraph earlier today and I noticed percolating through that there's been an announcement of a lawsuit between an entity known as yen and the Cardinal foundation this is old business stemming from the prior administration at the Cardinal foundation under Michael Parsons Michael Parsons was good friends with another businessman who's the principal at Zn and retains the end to do some industry-wide research so it wasn't Cardinal specific or protocol design I and basically the nature of that relationship my understanding of it was that they would write a series of reports on behalf of the Cardinal foundation when the administration changed obviously there was an attempt to renegotiate and look at reevaluate all prior commercial relationships because of the nature of mr. Parsons dismissal from the Cardinal foundation and this seems to be a leftover from that commercial dispute I think it's really important to point out that AI which K has nothing to do with this with this issue B that there is nothing in what Zn has done that has ended up in the protocol design the code or anything implemented in Cardinal so this is not an intellectual property dispute it's merely a commercial dispute between a service provider and a service consumer and basically it'll get resolved fairly quickly it's not a substantial amount of money it's actually quite small all things considered and it's incredibly puzzling to me that this could not be resolved by our arbitration I guess that's how that firm operates for future warning for people but anyway no disruption on our n we're not a part of it no delays or any issues with Cardinal itself or intellectual property disputes it's just simply a vendor dispute with the foundation from a prior relationship that was established prior to the Kaiser administration it was under the Parsons administration and it's a leftover from that time period this really shows you that good governance is important and it really shows you that it's important to negotiate good contracts with people so that you can resolve things properly we hope this gets resolved quickly but I figured it would be good to make a video about this because I didn't want this does it spread like wildfire throughout the crypto space and people to flood this to death no disruption no delays it's not about intellectual property and there's nothing from those reports that was useful or put into the card on a protocol itself and I don't believe this is going to have any material disruption on the foundation as it's an active litigation they'll probably turtle up and not say anything but sco i which can i thought it was very important to point out that we're not a party to this i it's not gonna have any impact on anything it's kind of a shame that coin telegraphed decided to publish this stuff but i guess they want to and it's kind of a shame that this didn't get resolved through arbitration and that zeon has chosen to use the courts to resolve it and we wish all parties well and we hope for a speedy resolution but again not a lot of value there was the subject was a service for writing reports those reports didn't contain any protocol information any code or anything that we used and there is no intellectual property dispute I figured I'd make this announcement so that it didn't thread and Fudd was created it's a shame we live in this age but this is crypto Twitter and this is crypto news and we have to be very explicit sometimes and make sure that people are given the right information so fake news doesn't spread Thanks
