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RE: Telos Forks EOSIO Software (Not EOS Blockchain)
i think the reason most crypto enthusiasts dont care for eos is obviously such a small number of people owning suck a large share of eos tokens. People involved with crypto in my opinion want decentralization of currency so to buy into a token or coin which is owned by a very small number of users doesn't make sense to me.
I read their White paper.
Most of their ideas are good, but must of them can be easily implemented on the EOS net when the Referendum function is enabled.
These respectable underdog BPs did not want to wait any longer. So they acted a little too soon IMO.
There's one thing I find a bit hard to swallow.
Ok, They get rid of the whales by capping them at 40,000 Telos, but then they turn around and distribute 1 million Telos to each of the 6 funding BP's !
So, voila! They convert themselves into the new whales controlling the net in a much centralized way than before.
I'm not going in that ship!
Good luck guys!
Interesting perspective. Thanks!
I agree with you on this. The 40k cap is designed to escape whale capture. The EOS mainnet is now in absolute danger of being taken over and commandeered by a handful of wallets. It will get to a point where even the B.One wallet may become ineffective.
Yes, but we know that redistribution of wealth and the hinderance of rich people to participate will in any system will just mean they take their money elsewhere and create and invest there.
I'm not for nor against - I think we should see what happens, and frankly it doesnt matter. Like I wrote, its open source and anyone can fork and do whatever they want. But I have my doubts, because every country, project or system that redistribute or take from people fails. They have however not taken anything per se, but limiting the power of the richest.
So, yes, one can argue if it has anything to do with redistribution or "communism". Anyone can join this project with multiple accounts/wallets and buy more tokens if they believe in it.
Thank you for your comments!
You say " Anyone can join this project with multiple accounts/wallets and buy more tokens if they believe in it. " If they are using genesis snapshot then they will have to go back in time if they didn't use several accounts in June. But yes - they can always buy more later at extra expense.