There's still some things to clear up on the current state of EOS, as there's still a lot of FUD coming out and there's been questions about the state of any airdrops. I hope to answer some of your questions here.

_EOS.io

In my previous article on EOS, EOS: The Biggest Online Social Experiment Ever Has A Rough Start, a lot of questions on EOS and it's rough launch have already been answered, but still there's some questions left and also the news has broken that EOS's creator, Dan Larimer (our own @dan), has announced two things: 1) he proclaimed that the current Constitution is too "broad", and clarified that the block-producers are the real authority, and not the arbitration group, and 2) that block.one the company that received 10% of all available EOS tokens at the launch-date, will actively stake their tokens to vote for said block-producers.

Anti FUD

This naturally raised questions about the danger of heavy centralization; with the amount of EOS they have, block.one could easily single-handedly decide which 21 block-producers are in EOS's "board of directors". While these concerns are legit, there's two things to keep in mind here. First and foremost is that block.one and Dan Larimer have no incentive whatsoever to act against the EOS blockchain, none that I can think of at least. They will want to see the project succeed first, if there's any evil intent to begin with. So certainly in the startup-phase of this highly experimental democratic model on a public blockchain, they will want block-producers that honor the fundamentals and the Constitution.

By the way, if any of the terms I use here are abracadabra for you, please read my previous article.

Secondly, this announcement comes after the numerous mistakes and misunderstandings about the current Constitution on the part of the current arbitrage group and the block-producers. That resulted to accounts being frozen by the arbitrators without being told to do so by the block-producers. In this scenario it would be prudent to do everything possible to make sure everything and everyone is "on the same page" where the fundamentals of the blockchain are concerned. It would be a small miracle if total decentralization was achieved at the first attempt, and it's my (educated) guess that Dan has realized this.

Here's our friend Ivan on Tech discussing the current state of EOS:

_{EOS *CONSTITUTION* vs DAN LARIMER}

What happened these past few weeks was not how the EOS delegated democracy is supposed to function: we don't vote for the arbitrators, we vote for the block-producers, so they should have the final say if accounts are to be frozen and if a certain address violates the Constitution or not; I agree fully with Ivan there. Block.one has released a statement clarifying their "values and considerations that will guide Block.one's participation in the block producer election process":

- Honesty, integrity, and fairness.
- Transparency of identity, activities, and decision-making.
- Abides by smart contracts and programming of network participants, in the absence of proven systemic bugs.
- 24/7 timeliness in processing transactions, upgrading the network, and emergency response.
- Compliance with the Ricardian Contracts entered into when becoming a block producer.
- Alignment on the EOS Constitution, the latest of which can be found here.

So, all things considered I don't think there's a lot to be worried about in the short term. Time will tell if block.one will become the centralized power they aim to combat with this whole project, and if so, if we will see the community then massively vote for other block-producers than the ones block.one placed on the throne, if that is their intention at all. No one knows now, but for the short term I think it's not so bad that block.one takes part in the voting. Like I said before: the platform has a lot to prove yet and has a real chance to become the web 3.0 it is intended to be, and as long as this is the case, I see no reason to fear block.one's potential influence.

Blockchain Activity

Another reason to stay optimistic about EOS is that it already passed Bitcoin on blocktivity.info:

_{Blockchain Activity Matrix - source: blocktivity.info}

As you can see, STEEM remains firmly at the top as far as activity on the blockchain's concerned, but EOS only just saw the light of day and already hast fourth place. If EOS will work as it's supposed to work, it will pass all of them, including STEEM.

Airdrops

One of the biggest attractions of EOS is the large number of decentralized apps, or Dapps, that are being developed on the EOS blockchain and the many airdrops that will be released for free to EOS holders. Now, I'm not a legal expert, but by releasing coins as airdrops for free, developers can circumvent the whole security-drama surrounding ICO's. No one is selling an expectation of future income to anybody. No one has to invest their money to buy tokens that may be worth something in the future. Instead, all holders of EOS get the coins for free, guaranteeing investors of a ready large user-base and a large active network of nodes. And if the coins are deemed by the market to be worth something, they will be accepted on exchanges and be valuated in a real process of price-discovery.

I could be wrong about that whole security legal thing, so don't take any of this as legal advice or financial advice. I'm just sharing what I know and what my conclusions are: always do your own research... bla bla. You know the drill :-)

_{EveryPedia, an Airdrop still in development - source: Wikipedia}

This may get a bit technical, but launching an ICO on Ethereum, or running a Dapp on Ethereum is expensive since transactions cost "gas". Tokens launced on the EOS platform won't have that problem because it is EOS itself that acts like the gas; transactions are essentially free because you don't pay for the bandwidth and processing power needed for transactions or running Dapps, you only have to "stake" your EOS which will be "unstaked" after a period of time, or when you decide to use it elsewhere. The only thing needed is the initial investment in the EOS tokens themselves, and you will be able to run the thousands of apps that are likely to come out on the blockchain if things go as planned. And have all the tokens that come with them! :-)

Here's a good website to keep track of all EOS airdrops and where to claim them, if at all nescessary: EOSDrops

SimplEOS

Then the other thing: I downloaded and installed SimplEOS, because a dedicated EOS wallet is, as I've experienced now, by far the most painless way to cast your votes and gain access to any airdrops. Since I use Exodus, I'll link to their page that explains how to install SimplEOS here: just follow those simple step-by-step instructions, you can also use them if you use a different wallet or if you want to import an existing key.

_{SimplEOS voting & staking screen - source: eosrio.io}

As you can see in the screenshot above, SimplEOS has a nice clean interface, just like I'm used to in Exodus, and it makes voting for block-producers very easy. Also with EOS you have an account with a human-readable name that's used to send tokens and to delegate rights to when staking them for use on third party Dapps. This feels a lot more natural and, eventually, user-friendly.

What you can't see in the screenshot is the airdrops; I can see them in my SimplEOS wallet though! I have three coins in there now: EOS, CETOS and CET. I am unfortunately a very small investor, so I didn't get the ones that had a minimum requirement of 100 EOS on the day the first snapshot was taken on June^2nd... But there's still a ton of aidrops coming, so I'm not too worried about that.

I hope you're not too worried about the FUD about EOS out there; I'm not scared yet. We're still just experiencing the growing-pains of a very large social blockchain experiment. Until now nothing shocking has happened with the technical side of things: we have an already very active blockchain and developers are working on many decentralized solutions that are sure to revolutionize the adaptation of this crypto-currency. Eventually the goal is for the EOS blockchain to act as a protocol, like HTTP for the web: you use the Dapps without being aware of the underlying protocol-layer. If everything keeps going the right way, EOS will become the most acive blockchain and the token itself has a chance to skyrocket in value because every owner is highly incentivized to HODL!

Thanks so much for visiting my blog, as always. I hope this was of help and hope to hear from you in the comments! Keep Steemin!

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