(IJCH) Is EOS being haunted by the specter of Fishy Coin Launchings and Unfair Token Distributions?
IJCH - Inside JaiChai's Head (Meaning: My Warped, Personal Opinions and Musings)
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.
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
Monero was created as a reaction to Bytecoin's premine.
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.
In fact, Cardano has stated that they looked at Dash's governance model when creating their own "Federation Style" governance system.
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:
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.
Consequently, EOS forks are burgeoning.
These are the forks of EOS (thus far):
- Telos
- EOS Force
- WAX
- Worbli
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!
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.
