You are viewing a single comment's thread from:

RE: What does this mean?

in #eos7 years ago

Well i'm still trying to understand what they aim to achieve by making it this way but i think it will tend to shift power to some certain set of investors who may seems to think that they kind of control thr EOS market. Maybe i'm wrong but maybe i'm also right

Sort:  

Agreed! The 15% threshold is so high that it will definitely shift the dynamic in the market and could slow some innovation on EOS since those investors have limited time to understand every project being proposed. Takes away a bit from the decentralization goal of blockchain too

That's another thing that also seems to make sense to me. Someone who wants to lock in a guaranteed "15% approval" would need to invest enough to own 15%. That would be 150 million EOS or approximately 1.18 billion USD at today's price. An aggressive buyer in the Aug-Oct 2017 time period could have accumulated that amount for an average price of $1 or so . . .

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.029
BTC 76343.25
ETH 3042.42
USDT 1.00
SBD 2.62