they are moving to counterparty chain
Which has security flaws.
I won't defend them anymore cause I don't know his coding talent beyond he worked on Mastercoin
Which some have alleged was a "scam".
When I see guys showing demos in videos instead of code, I know I am not looking at top quality coders. The name "Shannon Code" was a "fluff, no substance" warning sign. There is a remote chance my quick intuitions are incorrect, but I'll wait for some evidence rather than waste my time digging.
If they need closed source at the start, then why all the marketing hype on their Medium page. Seems to me they are more about raising money than accelerating a paradigm and open source collaboration.