“[…]I can’t imagine how they’re (Block.One) not going to have some sort of issue with the SEC […]” He said.He brought the $4 billion crowdfunding carried out into focus terming it as ‘egregious’. He explained that the way the EOS’s Initial Coin Offering was carried out had a lot of fundamental faults and he emphasized that the SEC “needed” to take some action.
Roll-Out of EOS Project not as ExpectedAdmittedly, the EOS’s Initial Coin Offering was a year-long affair which rounded up to $4 billion, making it one of biggest ICOs in the crypto scene. However, the roll-out of the project has not exactly been a smooth transition. The EOS system was seen to have developed some teething problems at the beginning with a botched mainnet launch leading the way and spiraling into full blown issues such as a five-month hacking episode and decentralization disputes. Clearly, Charles Hoskison was not the only one thinking about the crowdfunding as the recently reported BitMEX research cited the $4 billion price tag and 21 block producers as a limitation. Launched in a community concerned about decentralization, the EOS blockchain has been under constant scrutiny.
Especially with regulators constantly expressing their distrust about cryptocurrencies and dubbing them as tools for terrorism and money laundering, Block.One and EOS ecosystem appears to be lacking in various proportions.
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