Yeap, it's true, but the failure of NEM foundation will potentially have negative impacts on NEM in shor term.
NEM was here long before the NEM Foundation, and will continue to be here even if the Foundation folds.
For a long term future, NEM will survive and move forwards well.
Foundations comes and goes, NEM will always be here.
That being said, most news articles that came out are just irresponsible journalism. How many times have we heard Bitcoin has died?
The Foundation is just restructuring, and there will be a vote for any new funding once the new proposal comes out.
To me this is good news. I want to give Alex the benefit of the doubt and let her lead the new organization, and hope the community can get behind her.
We voted for this change, and now people are freaking out they are actually changing something?