Hardfork incoming…

I am sad to say we are going to shut down Flippin Tacos baking service and we are forking off being a baker. I am informing all customers by social media to share this news. OUR PAYMENT NODE WILL STOP AFTER 7 CYCLES AND NO MORE PAYOUTS WILL BE PROCESS AFTER THIS DATE, I want to assure we will pay out all delegates in full for the next 7 cycles. We have been honest from the start and will keep doing this till the end. I especially hope our 5 million XTZ whale will move his delegation from us asap. I will continue explaining why we have come to this decision.

1. Our opinion about the voting appears to be different from most of our delegators, we do not agree with how the community views things. I believe it is mainly greed/money driven opinions. Don’t get me wrong, money is good, but we have been in this from the ICO, buying more than 3 million $XTZ. Please do not underestimate our commitment to Tezos.

Voting Yah to Babylon and then applying a patch to fix the errors, is undermining the Tezos governance protocol. Ethereum did this also, but they indirectly decided to do this as there was a lot of stolen funds from the DAO hack. In case of Tezos there is no threat and no immediate need to take a route of patching. The greater Tezos community seem to be afraid that we will lose 3 months of development, because they want everything quick. If all was taken care of from the get go then this would be a different story. So I want to friendly remind everyone we voted Yah on Babylon before this breaking bug was discovered but after recent changes we do not feel comfortable about this.

this is from our public Telegram and not an disclosed conversation

In the end I feel I cannot support my delegators and nor can they support me. I feel it is in the best interest of all just to quit. I feel we have to vote Nay, since I cannot support Yah. All good things come to an end and it’s a shame to shut down the 2nd largest public baker service. If I hurt someone’s feelings, I am sorry for this. I just hope all the best wishes for you guys and am still strong believer and HODLer of Tezos.

2. Like TzDutch we also feel the self-bonds are very big, we are also big investor of Tezos, when alt season comes (and it will come), we will be sitting ducks while all delegators have complete freedom to move and play with their funds while we are sitting on locked funds. We have a constant lockup of 1.6 million XTZ at a minimum. From an investment standpoint this is very bad to see more than 50% of my coins locked up in bonds.

These 2 things led me believe we have to quit while we are ahead. Again, we will pay out as usual for the remaining 7 cycles. Please move delegations away from Flippin Tacos ASAP, as we have only 7 cycles to get cleared (around 20 days) This news may surprise a lot of guys, since liquidation of such big baking operation is a very hard call but I think it will be in best interest of all. I want to thank all of you guys for the support and very sorry to disappoint you. I wish all the community and all the bakers the best in the future, I did my part rest is over to you guys, it’s time to move on and make room for new players in the universe. See you all on the m00n!