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RE: Addressing EOS

in #eos6 years ago (edited)

EOS raised $4 billion without even having a finished, working product. That is over-the-top awesome. The point is that I think people are putting their money on Dan Larimer.

So the control of EOS by 21 "super" people is unsettling to some but given that Dan will be controlling this, I and others will put my faith in him (and therefore EOS).

Your point about limited number of people in control who will do what is best for themselves is a valid point of concern .....at least in the future. Thank you for bringing it to everyone's attention. The beginning of EOS, I think, will go fine. A few years down the road?? Then you point becomes very valid and something to keep an eye on.

A side note: Steemit has a similar group that controls it. The top 19 witnesses are there to make the decisions and one additional witness is added, chosen by how much MV they have. So Steemit is also controlled by those with the largest stake and/or votes and it is very difficult for someone to break into the top group. This isn't such a bad thing if the right people are there as they have the intelligence and experience to make it work. However, your point comes up again and is valid....will they make the decision based on what favors themselves or for the best future of the entire community???

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I consider raising $4 bn without a working product to be an indication of hype and silly investing, not a positive thing.

Yet billions of dollars of Ether are mined every year as part of their ongoing ICO.

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