THELOGICALINDIAN - EOS and BlockOne are aback on the account Is this one absolute or abrogating admitting The EOS Arrangement Foundation a communityled alignment voted to decouple from BlockOne The ENF alleges that BlockOne is no best alive for the account of the arrangement The aggregation that created EOS will not get the 67M EOS that they had advancing broadcast over the abutting seven years Even admitting the abominable Brock Pierce accommodated from the aggregation years ago this will additionally affect his finances
Related Reading | Peter Thiel and Bitmain Invest in Block.one to Support EOS Ecosystem
In The Present, What Does Brock Pierce Have To Do With Block.One?
This might’ve been the aftermost straw. Just aftermost month, Block.one announced that they were affairs 45M EOS at a abatement to one of Brock Pierce’s ventures.
“Today we are admiring to advertise that we accept agreed to alteration 45 actor EOS tokens to Helios.
Led by Brock Pierce, Helios takes aim at confined the EOS association through several aerial ambitions, including creating an EOS Venture Capital fund, facilitating the conception of institutional-grade EOS banking products, acknowledging the conception of infrastructure, applique and affidavit for developers, and acclimation association contest about education, networking, and use case development.”
A bearding Twitter user that bankrupt the news, analyzed it as follows:
8.
The #EOS association formed as one big DAOA accomplished archetype of capitalism through voting and DpoS
The association is now able-bodied organized and in control of hundreds of millions
Watch out for #EOS with the foundation and @EosNFoundation demography the lead
— PrrplFrog (@PrrplFrog) December 8, 2021
He says that “Block.One went in to a accord to advertise their vested EOS tokens for a abatement to their antecedent accessory Brock Pierce!” And that, to stop this behavior, “The EOS association formed as one big DAO. An accomplished archetype of capitalism through voting and DpoS.” Even admitting the ENF is not a DAO, this ability be a acceptable archetype of how Decentralized Autonomous Organizations should work. However, should a decentralized agreement be so accessible to control? Should the EOS Network Foundation be able to cycle aback a acute arrangement aloof like that?
In any case, according to The Block, the aggregation is not yet in ascendancy of the 45M EOS they promised Brock Pierce. “Eight actor of the tokens were already vested and controlled by Block.one while 37 actor are still vesting (meaning they haven’t been appear by the arrangement yet).” Is this transaction what the EOS Arrangement Foundation wants to block?
What Did The EOS Network Foundation Want?
The ENF was negotiating with Block.One. According to The Block, their ambition was to “get authority of the EOS network’s bookish property.” However, one of Block.One’s ancillary projects, an barter alleged Bullish, owns the IP. And Block.One “wouldn’t about accomplish to accepting the bookish acreage back.” What did the aggregation do instead? They announced this:
“In accession to the afresh appear Helios transaction, today we are admiring to advertise our intentions to action the afterward grants of vesting tokens that are advised to be accustomed over time, and accountable to our badge availability:
EOS Network Foundation – 30m EOS
Pomelo – 1m EOS
EdenOS – 1m EOS”
Related Reading | Cardano CEO Shares “Too Big Too Fast” Insight on EOS CTO Departure
How did the EOS Network Foundation react? They capital the IP, not tokens. So, they created this proposal, which was approved. The ENF director, Yves La Rose, took to Twitter to acknowledge victory.
“Through a cool majority consensus, the EOS arrangement has taken its approaching in its own hands. This begins a new era for EOS and highlights the ability of the blockchain to accredit a association to angle up adjoin accumulated interests that don’t adjust with theirs.”
Through a cool majority consensus, the EOS arrangement has taken its approaching in its own hands. This begins a new era for #EOS and highlights the ability of the blockchain to accredit a association to angle up adjoin accumulated interests that don’t adjust with theirs. https://t.co/8l62MBG67C
— Yves La Rose (@EosNFoundation) December 8, 2021
The association spoke. They will cycle aback the arrangement and block the 67M EOS that Block.One had coming. Where does that put them apropos the EOS network’s bookish property? Does the ENF accept any adventitious of accepting that IP now?
