How I learned to not worry about legal aspects while assuming a diffident demeanour - the EOS launch !
My enthusiasm for the new EOS platform knows no boundaries and notwithstanding my understanding of the ecosystem's technicalities or lack thereof, I considered it relevant to bring to your attention of few of the idiosyncrasies noticed while performing the typical due diligence on the EOS website.
I am inclined to believe that all things noticed are part of my personal introspection meant to discard, by virtue of public thoughts disclosure and analysis, any discrepancies that could expose an EOS launch failing to meet the stringent standards of our community.
Nevertheless, the history of crypto launches of the established consortium mean to bring to market the latest incremental improvement taking the form of EOS, will unequivocally work in our favour, as they (block.one) have proven to incorporate feedback into their implementation and have always met our requests, the founding members of BTS and STEEM respectively, with consideration, while of course establishing new, innovative ways of understanding, leveraging and bringing to market blockchain technologies.
The legal separation of entities meant to control the ICO and, respectively, later bring to market is one of first observed peculiarities, that in itself would not cause any alarm, a Cayman established corporation is a well established artifice for entities looking to separate themselves from regulatory environments that might hinder their potential through excessive taxing or governing laws.
Unfortunately other points presented in the FAQ on the eos.io/faq.html website further exacerbates concerns in relation to being unnecessarily defensive or legally unbinding for an untrained eye.
For instance one can misinterpret the following in a manner that detrimentally impacts the integrity of the launch:
The phrasing of the above answer needs some analysis.
While the latter FAQ item clears segregates the responsibilities between the future entity that is to bring the actual software/platform to market, while assuming no responsibility for this to happen.
The technical advantages of the EOS platform as they are outlined in the white paper are obvious and have the potential to disrupt the blockchain ecosystem, taking it to the next step in collaboration with already established projects such bitcoin and ethereum and augment it further through intelligently designed and developed applications on top of their innovative blockchain implementation.
Although as it stands the rules defined in the FAQ are far too legally concerned and leave much for interpretation in the search for transparency and integrity as it would be expected of a decentralized, PoS, democratically elected master-nodes controlled network.
I will stoically accept any criticism to my view and eagerly await counterarguments since I am a firm believer in the future of EOS.
Sincerely yours,
St33m