I posted this on telegram, a couple of days ago:

I have been away lately, and the reason is disappointment because of the managing team's course of action and attitude.
It's good that finally people start to have a serious conversation here.
I didn't want to intervene, because I still hold a significant bag, but enough is enough.

So let's debunk some things:

1) Many coins have been added to many exchanges during the bear market season.

2) Demarsac promised very significant updates within a few weeks. That was posted a few weeks ago. He didn't deliver. He also said "I have never missed a deadline". Yup...
Blaming it on the bear market is ridiculous. If a bull market would start right now, he wouldn't have anything tangible yet, so Zero would miss the train.

3) No significant updates were implemented. The site is just bad, this telegram group was founded by Ingar (not the "team"). Version 1.0.14 was the bare minimum for the coin to survive, in order to implement the latest zcash updates. The Windows wallet almost died, and it was saved by Mark Sailor. Cryptopia's wallet was down for sooo long because probably the "team" forgot to notify Cryptopia about the eminent wallet deprecation on time!

4) Enough with the "none works for free" bullshit! Countless people have offered to help so far, and DM and koko (=backendmaster) turned them away. Myself and other Greeks volunteered to offer more than 500zer and to approach Hush's Leto in order to fork his web wallet and use it for zero, and DM insulted me and denied. He even threatened that he would quit! That would be very convenient, I guess, after failing to deliver his promises. Also, if you are the manager of a coin, you will get huge gains from if, so you are EXPECTED to invest on it, especially since you have been mining for a very long time, and you certainly sold a lot of coins at the ATH. As for the main "developer"(lutsifer=backendmaster=Koko=Stefan), he was making 600 zero daily for quite some time, when his pool had 30K hashrate and his fee was 2%. I don't call this "work for free"!

5) You can't expect miners to choose unreliable pools. that either crash or give less rewards. I hate Nova myself but the fact is that it doesn't crash and it pays better. I ran a benchmark for 5 days and verified this. Oh, and you can't blame Nova if you fall asleep and leave your pool being crashed for many hours, and see 2/3 of your miners leaving you (that's what happened to Forge...).

6) DM publicly threatened optiminer that he would fork ccminer (or another miner) and that his latest versions were ...cheating! Blatant crap...

7)"Zero Team"=DM & Koko. All the rest is in the sphere of imagination. These two guys rule the game. They don't want anyone else to share their toy...

8 ) When people invest their money in your altcoin, you need to RESPECT them and answer their questions honestly and without being aggressive. Yes there are always some who are off the line, but most people just want to know if they invested in something that is worth it, and this is absolutely legitimate. You can't just quote memes and say HODL and shit about weak hands. It's like saying what Church used to say "believe and don't ask questions". You have to provide tangible facts, such as github commits, screenshots, alpha builds etc.

9) The Binance banner fiasco... no need to say more here...

10) A long time ago I suggested a compulsory mining fee of 1% on ALL pools. DM rejected it. Now he complains about the lack of funds...

11) And last but not least... January's $12ATH was because of BTC ATH, because of hype by some Twitter influencers such as CryptoElon, even BTC fund manager if I recall, and of course because of zero's low market cap (which, quite conveniently was misreported by cmc) and because of the bull  market. DM taking credit for it is plain arrogant. On the contrary, when he announced the roadmap, Zero dipped and it dipped even more when he announced the (outrageous) team info data. So will zero bounce? It will probably will, thanks to a potential future bull market, and that's what DM is counting on, obviously...

12) DM said that the community pool can't even pay the server costs. Well, how can this be true, since it runs on forgetop server by lutsifer? Well, another lie...

Demarsac replied this:

About Everything:
First of all i want to thank the more than 50 different people which pm's i received since 2 days ago that wish to express their support. This is for them...
It is true that we have not managed to deliver on time the Q1 targets. I take full responsibility for this which is the reason i see myself unfit for continue to lead. But it is not the end of the world as you probably figured out. The project is still here, nothing substantial changed. Zero was here before me and will also be here long after me.
For the people that didn't get what really happened the last few days or maybe feel something is wrong and can't quite get what it is let me elaborate.
Zero Community Leadership was under attack by certain individuals that appeared 3 days ago bitching about Q1 targets. Sure it's not the best to NOT meet targets at certain periods of time but LET'S BE SERIOUS for example ETH targets are usually off by 5-8 months and still ETH is a 30-100 billion project with people that are getting paid from Ethereum foundation to develop. So what was the problem with Zero? The real problem is that in this bearish market period of time in Crypto everyone is depressed and looking for someone to blame. So these few individuals found a fertile ground to create a general disbelief about the project. What are the motives of these individuals i do not know but i do know what the result is. I also know that the real community members should have taken action by filtering out people that want to hurt the project. How do you recognize a real community member from a fake one? Unfortunately it's difficult but it's not impossible. For this i have the solution which i will explain in the end of this message.
I will also not reply to fake programmers that appeared to help and don't know Shit about programming and think "python" is just a type of snake.
I do realize that some people have different views about things and they think the project needs to go on a different direction and can do better. Maybe they can... Let's see them doing it though??? Be my guest... And I WILL help since i have only to lose if Zero doesn't progress.
Facts that for some people ARE NOT CLEAR :
All major currencies that are at least ONE YEAR OLD have sustained - 60,-70,-80,-90% since November pricing. When in 27th November 2017 we took over the project and the pricing was: ETH =470, BTC =9000, Zero=0.2. Today ETH =380, BTC = 6900, Zero=0.5. So since the day we took over if someone had Zero would have more than doubled his money as opposed to ALL OTHER MAJOR CRYPTO!!!!!!!
What happens now:
I already said i m stepping down since i felt that even though the majority of the community supported me they didn't really speak up and noone filtered out the imposters. This was the one thing the community had obligation to do. You all know who i am referring to. These certain individuals that we see every couple of months with different nicknames that come bash and bitch and then disappear and we never see those nicknames again.
People misunderstood the willingness to help and some people don't realize that WE DON'T GET PAID FOR THIS. We do this out of our own love for Zero project.
I still believe in the project and i will help anyway i can. I still have a large portion of Zeros as an investor because lets face it Zero is far better than any other similar coin..
I am creating a new telegram group for True Believers and true community members. This is going to be a lobby YES a lobby of people that have PROVEN FROM HISTORY that they want what is best for Zero and there we will talk about how to help Zero progress. Things will be decided there with voting. The initial group of people will be 10-15 people and I will chose who to invite. After that if someone from this group of people wants to invite extra members-New members THAT PROVENLY STRIVE FOR THE GOOD OF ZERO it will be done only after recommendation - deliberation - decision by majority of this group. I will not have an increased role in that group. I will be just another member that loves Zero and wants it tosucceed.
Meanwhile if someone wants to takeover this project and work for free as i did for 5 months with no compensation PLEASE DO SO. This is not related to the group i will make.
I will help, i promise and the newly created group of True Believers will be as a helping hand of the New Governance.
I will create this group on Tuesday and i wish a Happy Easter to Christian Orthodox people around the globe.
PS. I haven't read all pm's yet since they are so many but i will read them all.
PPS. I would suggest to Admins in this chat room to take initiative and clean up the chat room from people that provenly try to hurt the project in order to take customers for their own crypto. It is very obvious who these people are. People that appeared 3 days ago and only bitch, people that felt that ME ADMITTING WE NEED HELP thought it's a sign of weakness and decided to start bitching to hurt the project.... it's that simple.

My counter-response:

DM avoided answering all my points, by just claiming I said something personal to him. I think that this is an insult to everyone's intelligence here. It's a common trick politicians do, to dismiss legit questions.

He also played the "quitting" card. Wow, well expected! He failed to deliver and after having wasted 4 months because he wanted to do/control everything by himself, not he wants to throw away the hot potato. Well done DM, great sense of responsibility!

As for my "insult", here's the story: Two weeks ago, I was worried that the Q1 goals wouldn't be met. Thanks to HBits  and @R3DEY3, we had the chance to approach Leto (Hush coin dev) and ask him to help us adapt his web wallet in order to use it for Zero. I mentioned this to another telegram Group I have made for Greeks only, and within a couple of hours, people like E P and Petros (and my self) agreed to donate a significant amount of zer to pay Leto. But in order to go on, I asked DM for transparency, to reveal where the community address coins went to, and which is the address that collects the fees from the community pool. DM's answer was that he felt insulted I doubted his integrity, and that he would only make a wallet with the devs of his choice. That was the first time he threatened to quit if we didn't like the way he was doing things, acting like a dictator.

From that point on, I decided to stay quiet and see If he could indeed deliver his promises. We all know that he didn't.