Bounty: What happened to EOS

in eos •  5 years ago 

I heard that eos went down and block.one was stepping in.

Can you explain to me what happened?

eos steem-bounty
5 years ago by

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    • [-]
      ·  5 years ago 

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      ·  5 years ago 

    Congratulations to the following winner(s) of the bounty!

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      1 vote
      [-]
        ·  5 years ago (edited)

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        ·  5 years ago (edited)

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          ·  5 years ago 

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          2 votes
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            ·  5 years ago 

          Interesting. Doesn’t seem like a problem if I can still use my eos to do my transactions, I don’t see the congestion’s, from a user perspective.

          For the producers it may be a different story.

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          1 vote
          [-]
            ·  5 years ago 

          With EOS "stepping in" you mean Block1 announcing they will start voting for BPs?

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            [-]
              ·  5 years ago 

            Yea

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            [-]
              ·  5 years ago 

            Are you referring to the SEC fine if so some interesting articles are below.

            The SEC’s meager $24 million settlement with Block.one over its $4 billion ICO has shocked the crypto industry. An agreement that sees one of the biggest ICOs ever end up paying less than 1 percent of the token sale as a fine, an amount smaller than it paid for a single web domain.

            Continue reading-->https://finance.yahoo.com/news/block-one-sec-settlement-over-182724814.html

            Another article that was interesting ....

            EOS maker Block.One must pay $24 million in penalties for conducting an unregistered securities sale, the U.S. Securities and Exchange Commission (SEC) announced Monday evening.

            The SEC said in a press release that Block.One “raised the equivalent of several billion dollars” over a one-year period in an unregistered initial coin offering (ICO). (A total of $4.1 billion was raised.) Block.One agreed to settle the charges, according to the SEC.

            Continue reading--> https://www.coindesk.com/eos-maker-block-one-settles-with-sec-over-unregistered-securities-sale

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              [-]
                ·  5 years ago 

              No, that was long time ago

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              1 vote
              [-]
                ·  5 years ago 

              Yeah I know, I haven't been keeping up on much crypto news lately but I'll be interested to see the other responses so I can find out what you are referring to.

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                [-]
                  ·  5 years ago 

                @knircky, I have to look into this subject. In my opinion biggest Blockchain Project is facing so many obstacles.

                #Steem have flaws but it never stopped empowering people and time to time it improved for good and brought so many effective changes.

                Have a great time ahead and stay blessed.

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                  [-]
                    ·  5 years ago 

                  Hi, @knircky!

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                    [-]
                      ·  5 years ago 

                    I do not know but perhaps one of my follower knows it.
                    Resteemed.

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                      [-]
                        ·  5 years ago 

                      Thank you

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                      1 vote
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                        ·  5 years ago 

                      I only heard about this news now. But I will definitely follow

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                      [-]
                        ·  5 years ago (edited)

                      EOS always riddled with many controversies.

                      Such as , question of centralization .
                      Such as , EOS's block producers have large control for the chain.

                      Such as Eos.One , it holds 10% of total EOS tokens,
                      It is one of the most centralized blockchains,
                      Its top 100 accounts hold >70% of tokens .

                      New riddled with controversie is because airdrop,
                      At the beginning of November this year,
                      EOS again airdrop,
                      this time,
                      it let users were unable to participate in a vote for block producers.
                      So caused a bigger riddled with controversie.

                      But, now,
                      Block.One Finally Stepping In To Solve The EOS Mess.
                      He is ready to solve the recent EOS mess.
                      "Block.One" is the creator of EOS .

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                        [-]
                          ·  5 years ago 

                        Mhhh. This does not explain what happened.

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                        1 vote
                        [-]
                          ·  5 years ago 

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