EOS - Block One Will Start Voting On Block Producers

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Block One, the organization​ behind the EOS project have released a statement that they will be using their 10% token allocation to start voting for block producers. I can only assume​ that this decision was made or at least expedited, due to the controversies ​surrounding​ the mistake made by the block producer EOSStore. These guys failed​ to add an account to the transaction blacklist which resulted in a user losing over 3000 tokens.

The reaction from the EOS community was severe with many screaming for blood, the result was that many members revoked their votes for EOSStore as they were​ dissatisfied with the excuse given. The reason they gave was that the individual who was 'on shift' had to leave their station​ for personal reasons. We all understand that personal issue happens​​, but at the minimum, find someone​ to cover for you in case​ something like this happens​​s, this resulted in EOSStore dropping down the ranks. Community members deciding on how to react based on performance​ is how the system is supposed to work, but then a large token holder then reversed the process by changing their votes in favor of EOSStore which bounced them back to a higher place than before the issue arose.

This clearly shows that we have a token distribution problem, maybe Block One stepping in to use their massive stockpile​ will be an interim solution to reorder the top 21 until a permanent​ solution can be found.

What are your thoughts on this?

Here is the email that Block One sent out:.

Block.one’s Participation as Voting EOS Community Member

The swift and successful launch of the first fully functional EOSIO public blockchain by the EOS community this month represents a milestone in decentralized collaboration.

As a recipient of 10% of the initial EOS token allocation, Block.one recognizes its responsibility to participate as an active minority voting member. As such, our approach has been carefully considered, and Block.one will soon begin allocating votes to block producers that share the core values necessary to maximize the integrity and potential of the EOS public blockchain network.

The following are the values and considerations that will guide Block.one’s participation in the block producer election process:

Honesty, integrity, and fairness.
Transparency of identity, activities, and decision-making.
Abides by smart contracts and programming of network participants, in the absence of proven systemic bugs.
24/7 timeliness in processing transactions, upgrading the network, and emergency response.
Compliance with the Ricardian Contracts entered into when becoming a block producer.
Alignment on the EOS Constitution, the latest of which can be found here.

We are steadfast in our commitment to the above values and optimistic that our participation will positively impact the EOS network.

To facilitate maximum community choice, Block.one recommends that the system contract be updated to support approval of 50 producers per account compared to the 30 currently allowed. Block.one plans to identify and cast our approval for as many qualified producers as the code will allow.

We encourage block producer candidates that are interested in campaigning for Block.one’s support to reach out to us at [email protected]

We reiterate our excitement for the recent EOS community achievements and the EOS public blockchain’s ability to peacefully secure life, liberty and property.

The Block.one Team