EOS - will the successful launch remain strained forever?
Yesterday had a big hurray with the Eos mainnet finality activated.
And I had been wondering which whale had finally put their tokens to use. Unfortunately the answer exceeded my worst fears:
As it seems crypto exchange big.one has used its customer's tokens to make a vote that pushes the ratio from 11% to nearly 17 thus activating the mainnet.
It is said that they voted in a way to get passed the 15% mark without altering the bp Ranking.
It also lacks the even more problematic aspects of exchanges that might be voting for themselves as block producers which could be possible in the case of huobi and @bfx (the latter has announced to enable voting for their clients, which given their ranking might already be in place).
So although intentions for this move might have been benevolent in nature, it is highly problematic, as it would give exchanges incredible and unwarranted voting power, and therefore is forbidden by one riccardian system contract.
Here is how the issue was discussed on the telegram bp channel:
So hopefully measures will be taken too prevent such actions for good, otherwise the very launch of the mainnet will remain corrupted forever, with the decisive vote been done in an unlawful manner.
What's your stance on this?
If it is true then it would make a very interesting arbitration case. Which exchange is acused of voting? It was totally unnecessary anyway. 15% would have been hit within a day or two.
Allegedly Big one
Indeed it will be a rough arbitration case, with the forum still in build up and a very powerful accused party.
Agreed, this is not right but EOS is the only chain with a governance system so we ca at least right the wrongs.
That's true, let's hope that happens....EosGov seems to discuss this case and the possibility of arbitration right now
I sold all my eos and bought omg instead
Why omg, they are so dependent on eth
What would you suggest?
I would suggest you buy back your EOS. Haha!
Word. I would bet that EOS will be far higher than OMG at the end of the year.
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A few weeks ago, Big.one took the initiative to organize an election simulation.
The condition to be able to participate to the this simulation was:
I do not have the exact number of participants as Big.One is not a champion for transparency*, but I know a lot of people all around the globe has been sending at least 1 EOS in order to be able to participate to the simulation (like I did).
The funny thing is that when I wanted to get this 1 EOS out from Big.One (once the simulation was over), the withdrawal procedure did not worked.
After that, I have sent an email to complain. They did not answered to my question. They simply told me that to withdraw my 1 EOS involves a fee of 0.1 EOS (10% in my case!) When I tried a second time to withdraw, same as the first time, I was not able to go through the withdrawal process. My feeling at this point was already a negative one.
Today, I'm reading your article and I understand now the final goal they were targeting, self-voting for themselves with there customer's Token!!!
Big.One deserves a huge sanction! I invite all the community to cancell the votes they have given to Big.One and re-attribute them to straight and honest teams who deserves to be elected!
Have a nice day, keep acting in a honest way!
Thierry
*I'm going to take some time to study Big.One's ETH wallet in order to evaluate how many EOS they received for this simulation of vote
Hi Thierry thank you for this valuable information. I'd like to recommend to also share in the eosgov telegram group, they are having a heated discussion about how to build an arbitration case, so your info and reason to stand is just what they are looking for
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