EOS executives left Block.one, the company that developed the platform - page 2.

o_e_l_e_o

legendary

Activity: 2268

Merit: 18697

Quote from: vit05 on September 27, 2018, 11:42:39 PM

A project that stayed in ICO for a year. That was nothing but a token. That put a mainnet full of flaws in the air. That has already been shown to be conducted by a minority that has the power of veto and reversal.

Yeah, it's stuff like this that makes crypto look like a scam to the outside world. $4 billion given to an extended ICO with no working product. When they finally launch the completely centralized mainnet, it's a disaster, but the price goes up. They suffer constant hacks, but still the price goes up. We saw the same thing a few months ago with Verge - a complete joke of a coin, but people more than willing to throw their money away on it.

But people don't want to learn. I bet 95% of EOS holders have absolutely no idea its a centralized scam. They just spam "great team" without realizing the team are scammers who are already cashing out and abandoning EOS for their next cash cow.

vit05

hero member

Activity: 672

Merit: 526

And the price goes up more than compared to other projects. I tried short on EOS when I heard this news a few days ago on Bitmex and lost. It's unbelievable how much the price of it irrationally. And on with great volume of trading. In many exchanges, it is second by volume.

A project that stayed in ICO for a year. That was nothing but a token. That put a mainnet full of flaws in the air. That has already been shown to be conducted by a minority that has the power of veto and reversal. I believe that at some point the price will fall sharply or stabilize while the others rise. There are much more developed projects than this.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

@btyco, @o_e_l_e_o. I reckon in this situation you should think like a speculator and take advantage of the knowledge that the EOS team have already sent all the ETH raised from their ICO to the exchanges.

https://diar.co/ico-treasury-balances/

Their plan might be, dump their ETH to hold bitcoin and USDT, use that to pump EOS and make it the 2nd most valuable cryptocoin.

I would also expect EOS founder Dan Larimer to dump his coins and leave the team within 2 years. He already did it twice before, when he founded Bitshares and Steemit.

btyco

copper member

Activity: 364

Merit: 4

There is literally only one piece of advice i can offer you guys - DUMP IT!

It was obvious from the start what would happen, when a few people have ultimate centralised control over that much money with no accountability, they will take the money and run. Get out now while you can

o_e_l_e_o

legendary

Activity: 2268

Merit: 18697

EOS is a joke. I've been warning this community for months about the fact that EOS is centralized, they can seize your coins, reverse your transactions, even close your accounts without any warning or recourse, they print new EOS every day to reward the 21 centralized Block Producers for the privilege of having complete control over your money. There was no oversight to their ICO, they somehow collected $4 billion without a working product or even a single line of code, and now seem to just be taking it as pure profit as they suffer near daily hacks. Every time I mention this I am met with same stupid vapid responses of "EOS has great team" and "To the moon".

Now these developers, having secured millions in profit each and delivered absolutely nothing of any use, will go and do the same thing again and launch another ICO, no doubt. And again idiots, probably the same ones that are going to have lost loads of money on EOS, will buy in and lose even more money.

It's a joke.

auliahr

full member

Activity: 518

Merit: 100

very sad thing, honestly eos has big funds and more than enough to build the platform. after the launch of the platform yesterday, eos should be a great project, but what happened didn't match everyone's expectations.

but recently I heard that bitfinex will launch eosfinex later this month.
whether eos is still trustworthy and has good potential in the future?
confusing Huh

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

And yet we will all read this and not be surprised. Hope all these EOS people are tagged for this and people will remember. But I guess this is crypto, where people can blatantly get away with delivering poor products. EOS itself was launched with a poor code, ripping off some other crypto blueprint, and still people poured money into their ICO.

This is what you call a legal exit scam, happening right under people's noses and they still buy into it.

haruna69

newbie

Activity: 80

Merit: 0

well, eos has made really big move lately in price,
with 1 billion supply it could go over 0.001 or something, been so many hype everywhere about it,
and maybe they just cashing out money and go out ?
any one know the truth about it ?

WalkerIVIV

hero member

Activity: 2436

Merit: 503

Cryptocasino.com

Quote from: bbc.reporter on September 26, 2018, 09:59:09 PM

Were those early employees also paid in EOS tokens or had a share of the billion of ETH from their ICO? Might this be another exit scam in the cryptospace?

Block.one raised $4 billion and released a buggy platform then the executives resign 1 month after to start another company to compete versus their former company.

Also, they left in June. EOS all time high hehehehe.

Four early employees and two contractors have resigned from the Hong Kong cryptocurrency company Block.one to start up StrongBlock, a new blockchain project that is currently under wraps.

David Moss, Thomas Cox, Brian Abramson and Corey J. Lederer, the employees, were the second, third, fourth and fifth to be hired by Block.one, the corporate parent that created the decentralized operating system and application environment EOS.

At Block.one, the four employees took on overwhelmingly technical roles. Moss had been the senior vice president of technology operations, Cox the vice president of product, Abramson the vice president of infrastructure and Lederer the senior director of technology products.

The executives joined last year: Moss and Cox in August and Abramson and Lederer in September. Software developers Jon Eric-Cook and Michael S. Mason, the contractors, began remote work on EOS in the spring.

But according to their LinkedIn profiles, Abramson, Lederer, Cook and Mason quietly left Block.one and EOS in the summer. Moss had already quit by May, a month before Block.one published the EOS main network.

Their exodus has opened up a talent vacuum yet to be filled on Block.one's leading technical team. The company had recently raised billions in investor money and initiated the early stages of a core product roll-out.

Since going live, the EOS network has struggled with defective source code. EOS' bug bounty program awarded a freelance software developer six-figures on the first day of the main network's release at a rate of $10,000 for every error patched.

Read in full https://www.coindesk.com/early-execs-leave-block-one-the-peter-thiel-backed-crypto-startup-behind-eos/

The future of EOS will be the same as game credits and MGO. I guess they will be starting another ICO too. That was happening so many times, and I was so tired to see this thing to have happened.
This is what they called that the platform that can change the world through decentralise of everything.
They started to decentralized their teams. A good start from EOS. Grin

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Were those early employees also paid in EOS tokens or had a share of the billion of ETH from their ICO? Might this be another exit scam in the cryptospace?

Block.one raised $4 billion and released a buggy platform then the executives resign 1 month after to start another company to compete versus their former company.

Also, they left in June. EOS all time high hehehehe.

Four early employees and two contractors have resigned from the Hong Kong cryptocurrency company Block.one to start up StrongBlock, a new blockchain project that is currently under wraps.

David Moss, Thomas Cox, Brian Abramson and Corey J. Lederer, the employees, were the second, third, fourth and fifth to be hired by Block.one, the corporate parent that created the decentralized operating system and application environment EOS.

At Block.one, the four employees took on overwhelmingly technical roles. Moss had been the senior vice president of technology operations, Cox the vice president of product, Abramson the vice president of infrastructure and Lederer the senior director of technology products.

The executives joined last year: Moss and Cox in August and Abramson and Lederer in September. Software developers Jon Eric-Cook and Michael S. Mason, the contractors, began remote work on EOS in the spring.

But according to their LinkedIn profiles, Abramson, Lederer, Cook and Mason quietly left Block.one and EOS in the summer. Moss had already quit by May, a month before Block.one published the EOS main network.

Their exodus has opened up a talent vacuum yet to be filled on Block.one's leading technical team. The company had recently raised billions in investor money and initiated the early stages of a core product roll-out.

Since going live, the EOS network has struggled with defective source code. EOS' bug bounty program awarded a freelance software developer six-figures on the first day of the main network's release at a rate of $10,000 for every error patched.

Read in full https://www.coindesk.com/early-execs-leave-block-one-the-peter-thiel-backed-crypto-startup-behind-eos/

Topic: EOS executives left Block.one, the company that developed the platform - page 2. (Read 319 times)