(IJCH) Is EOS being haunted by the specter of Fishy Coin Launchings and Unfair Token Distributions?

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IJCH - Inside JaiChai's Head (Meaning: My Warped, Personal Opinions and Musings)

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From the Author:

Salutations.

I am JaiChai.

And if I haven't had the pleasure of meeting you before, I'm delighted to make your acquaintance now.

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I invite you to interact with everyone, learn, and have as much fun as possible!

For my returning online friends, "It's always great to see you again!"

Background: Fishy Coin Launchings or Unfair Token Distributions

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Monero was created as a reaction to Bytecoin's premine.

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Dash was stigmatized by an instamine, but through years of innovative, community-centric governance policies has since been recognized as a model of governance and readily accepted by the crypto space.

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In fact, Cardano has stated that they looked at Dash's governance model when creating their own "Federation Style" governance system.

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But the proliferation of EOS forks begs the question:

Is EOS being haunted by the specter of Fishy Coin Launchings or Unfair Token Distributions?

See:

"Fed Up and Forking: Rival EOS Blockchains Are Becoming a Reality"

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Article Link:

https://www.coindesk.com/fed-up-and-forking-rival-eos-blockchains-are-becoming-a-reality/

First came the stop-and-go launch, followed by controversy over locked accounts – then more locked accounts, this time on the orders of an "arbitrator" that many in the community hadn't realized existed.

Next came a fake order purporting to be from the arbitrator, the fallout from which led EOS architect Dan Larimer to propose a whole new governance structure or "constitution."

Just one problem: there was and still is no system in place to vote on a constitutional change. Meanwhile the voting scheme that is in place – for choosing the block producers (BPs) who maintain the EOS blockchain much as bitcoin's miners do – has put several BPs that aren't following all the rules of the constitution in charge.

For some EOS community members, it was all too much.

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Consequently, EOS forks are burgeoning.

These are the forks of EOS (thus far):

• Telos

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• EOS Force

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• WAX

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• Worbli

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Note: By far, among the EOS forks, Telos has gained the most traction.

By JaiChai

Mighty Kind of You for stopping by.

Truly hope to see you again!

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About the Author

Believing that school was too boring, he dropped out of High School early; only to earn an AA, BS and MBA in less than 4 years much later in life – while working full-time as a Navy/Marine Corps Medic.

In spite of a fear of heights and deep water, he performed high altitude, free-fall parachute jumps and hazardous diving ops in deep, open ocean water.

After 24 years of active duty, he retired in Asia.

Since then, he's been a full-time, single papa and actively pursuing his varied passions (Writing, Disruptive Technology, Computer Science and Cryptocurrency - plus more hobbies too boring or bizarre for most folk).

He lives on an island paradise with his teenage daughter, longtime girlfriend and three dogs.

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(More articles by JaiChai can be found on the Busy.org website. Use this link to visit Busy.org. Better yet, come join the Busy.org community!)

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"My mind was a terrible thing to waste..." - JaiChai