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RE: An Update from Block.one CEO, Brendan Blumer

in #eos7 years ago

The biggest concerns for me, and what have prevented me from participating so far, are the details around the "distribution list" and Block.One reinvesting funds in the "list".

I'm glad to hear that you are arranging an Audit, i think this is essential. I think all investors in this space need to demand this from anything they are investing in.

As far as the terms around the "distribution list", it really would be nice to have more assurance that shares on the list will be transfered to the launch of the main EOS chain.

The existing EOS ERC-20 token creates a distribution list that the public can use to launch and distribute an EOS.IO-based blockchain and community; it does not warrant or promise anything.

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At the end of the distribution, the first live version of the software will be published with an open source license. At the moment there is hundreds of millions-worth of vested interest in this distribution list, and it continues to grow daily, we expect the public to do great things with it.

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I take this as Block.One will not be launching a chain with the distribution list, they will publish the open source network software, and will let the investors take it from there. So maybe at this point block.one will launch EOS but distribute tokens to their platform in a different way (or maybe focus on specific business blockchains).

At the very least it will be interesting to watch it all play out.