{"id":478637,"date":"2021-12-10T11:02:46","date_gmt":"2021-12-10T11:02:46","guid":{"rendered":"https:\/\/uniquehot.com\/?p=478637"},"modified":"2021-12-10T11:09:43","modified_gmt":"2021-12-10T11:09:43","slug":"eos-community-revolts-against-block-one","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/eos\/eos-community-revolts-against-block-one\/","title":{"rendered":"EOS Community Revolts Against Brock Pierce\u2019s Block.One, Won\u2019t Pay 67M EOS"},"content":{"rendered":"<p><span style=\"font-weight: 400\">EOS and Block.One are back on the news. Is this one positive or negative, though? The EOS Network Foundation, a community-led organization, voted to decouple from Block.One. The ENF alleges that Block.One is no longer working for the benefit of the network. The company that created EOS will not get the 67M EOS that they had coming distributed over the next seven years. Even though the infamous Brock Pierce resigned from the company years ago, this will also affect his finances.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/news\/peter-thiel-and-bitmain-invest-in-block-one-to-support-eos-ecosystem\/\">Peter Thiel and Bitmain Invest in Block.one to Support EOS Ecosystem<\/a><\/strong><\/em><\/p>\n<h2><span style=\"font-weight: 400\">In The Present, What Does Brock Pierce Have To Do With Block.One?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">This might\u2019ve been the last straw. Just last month, <\/span><span style=\"font-weight: 400\">Block.one<\/span><a href=\"https:\/\/b1.com\/press\/announces-network-growth-and-opportunity\/\" rel=\"nofollow\"><span style=\"font-weight: 400\"> announced<\/span><\/a><span style=\"font-weight: 400\"> that they were selling 45M EOS at a discount to one of Brock Pierce\u2019s ventures.<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">\u201cToday we are pleased to announce that we have agreed to transfer 45 million EOS tokens to Helios.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Led by Brock Pierce, Helios takes aim at serving the EOS community through several high ambitions, including creating an EOS Venture Capital fund, facilitating the creation of institutional-grade EOS financial products, supporting the creation of infrastructure, tooling and documentation for developers, and organizing community events around education, networking, and use case development.\u201d<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">A pseudonymous Twitter user that broke the news, analyzed it as follows:<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">8.<br \/>The <a href=\"https:\/\/twitter.com\/hashtag\/EOS?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#EOS<\/a> community worked as one big DAO<\/p>\n<p>A excellent example of democracy through voting and DpoS <\/p>\n<p>The community is now well organized and in possession of hundreds of millions <\/p>\n<p>Watch out for <a href=\"https:\/\/twitter.com\/hashtag\/EOS?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#EOS<\/a> with the foundation and <a href=\"https:\/\/twitter.com\/EOSnFoundation?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@EosNFoundation<\/a> taking the lead<\/p>\n<p>&mdash; PrrplFrog (@PrrplFrog) <a href=\"https:\/\/twitter.com\/PrrplFrog\/status\/58278146?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 8, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">He says that \u201cBlock.One went in to a deal to sell their vested EOS tokens for a discount to their previous associate Brock Pierce!\u201d And that, to stop this behavior, \u201cThe EOS community worked as one big DAO. An excellent example of democracy through voting and DpoS.\u201d Even though the ENF is not a DAO, this might be a good example of how Decentralized Autonomous Organizations should work. However, should a decentralized protocol be so easy to control? Should the EOS Network Foundation be able to roll back a smart contract just like that?<\/span><\/p>\n<p><span style=\"font-weight: 400\">In any case, according to <\/span><a href=\"https:\/\/www.theblockcrypto.com\/post\/126801\/eos-community-halts-payments-worth-250-million-in-eos-to-block-one-and-brock-pierce\" rel=\"nofollow\"><span style=\"font-weight: 400\">The Block<\/span><\/a><span style=\"font-weight: 400\">, the company is not yet in control of the 45M EOS they promised Brock Pierce. \u201cEight million of the tokens were already vested and controlled by Block.one while 37 million are still vesting (meaning they haven&#8217;t been released by the network yet).\u201d Is this transaction what the EOS Network Foundation wants to block?\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-478639 aligncenter\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/12\/EOSUSD_2021-12-10_07-29-25.png?resize=460%2C257\" alt=\"EOSUSD price chart - TradingView\" width=\"460\" height=\"257\"><\/p>\n<pre style=\"text-align: center\">EOS price chart on Coinbase | Source: EOS\/USD on <a href=\"https:\/\/www.tradingview.com\/symbols\/EOSUSD\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n<h2><span style=\"font-weight: 400\">What Did The EOS Network Foundation Want?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The ENF was negotiating with Block.One. According to The Block, their goal was to \u201cget hold of the EOS network\u2019s intellectual property.\u201d However, one of Block.One\u2019s side projects, an exchange called Bullish, owns the IP. And Block.One \u201cwouldn&#8217;t publicly commit to getting the intellectual property back.\u201d What did the company do instead? They <\/span><a href=\"https:\/\/b1.com\/press\/leveraging-block-ones-eos-holdings-for-additional-network-growth-and-opportunity-part-2\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">announced this<\/span><\/a><span style=\"font-weight: 400\">:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">\u201cIn addition to the recently announced Helios transaction, today we are pleased to announce our intentions to offer the following grants of vesting tokens that are intended to be given over time, and subject to our token availability:<\/span><\/p><\/blockquote>\n<ul>\n<li style=\"font-weight: 400\">\n<blockquote><p><span style=\"font-weight: 400\">EOS Network Foundation \u2013 30m EOS<\/span><\/p><\/blockquote>\n<\/li>\n<li style=\"font-weight: 400\">\n<blockquote><p><span style=\"font-weight: 400\">Pomelo \u2013 1m EOS<\/span><\/p><\/blockquote>\n<\/li>\n<li style=\"font-weight: 400\">\n<blockquote><p><span style=\"font-weight: 400\">EdenOS \u2013 1m EOS\u201d<\/span><\/p><\/blockquote>\n<\/li>\n<\/ul>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/news\/eos\/cardano-ceo-shares-too-big-too-fast-insight-on-eos-cto-departure\/\">Cardano CEO Shares \u201cToo Big Too Fast\u201d Insight on EOS CTO Departure<\/a><\/strong><\/em><\/p>\n<p><span style=\"font-weight: 400\">How did the EOS Network Foundation react? They wanted the IP, not tokens. So, they created <\/span><a href=\"https:\/\/bloks.io\/msig\/jgo3xoeukt5z\/b\" rel=\"nofollow\"><span style=\"font-weight: 400\">this proposal<\/span><\/a><span style=\"font-weight: 400\">, which was approved. The ENF director, Yves La Rose, took to Twitter to declare victory.<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">\u201cThrough a super majority consensus, the EOS network has taken its future in its own hands. This begins a new era for EOS and highlights the power of the blockchain to enable a community to stand up against corporate interests that don\u2019t align with theirs.\u201d<\/span><\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Through a super majority consensus, the EOS network has taken its future in its own hands. This begins a new era for <a href=\"https:\/\/twitter.com\/hashtag\/EOS?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#EOS<\/a> and highlights the power of the blockchain to enable a community to stand up against corporate interests that don\u2019t align with theirs. <a href=\"https:\/\/t.co\/8l62MBG67C\" rel=\"nofollow\">https:\/\/t.co\/8l62MBG67C<\/a><\/p>\n<p>&mdash; Yves La Rose (@BigBeardSamurai) <a href=\"https:\/\/twitter.com\/BigBeardSamurai\/status\/14071567?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 8, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">The community spoke. They will roll back the contract and block the 67M EOS that Block.One had coming. Where does that put them regarding the EOS network\u2019s intellectual property? Does the ENF have any chance of getting that IP now?<\/span><\/p>\n<pre style=\"text-align: center\">Featured Image by <a href=\"https:\/\/unsplash.com\/@valentinsalja?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\" rel=\"nofollow\">Valentin Salja<\/a> on <a href=\"https:\/\/unsplash.com\/?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\" rel=\"nofollow\">Unsplash<\/a>  | Charts by <a href=\"https:\/\/www.tradingview.com\/\" rel=\"nofollow\">TradingView<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>EOS and Block.One are back on the news. Is this one positive or negative, though? The EOS Network Foundation, a community-led organization, voted to decouple from Block.One. The ENF alleges that Block.One is no longer working for the benefit of the network. The company that created EOS will not get the 67M EOS that they had coming distributed over the next seven years. Even though the infamous Brock Pierce resigned from the company years ago, this will also affect his finances. Related Reading | Peter Thiel and Bitmain Invest in Block.one to Support EOS Ecosystem In The Present, What Does Brock Pierce Have To Do With Block.One? This might\u2019ve been the last straw. Just last month, Block.one announced that they were selling 45M EOS at a discount to one of Brock Pierce\u2019s ventures. \u201cToday we are pleased to announce that we have agreed to transfer 45 million EOS tokens to Helios. Led by Brock Pierce, Helios takes aim at serving the EOS community through several high ambitions, including creating an EOS Venture Capital fund, facilitating the creation of institutional-grade EOS financial products, supporting the creation of infrastructure, tooling and documentation for developers, and organizing community events around education, networking, and use case development.\u201d A pseudonymous Twitter user that broke the news, analyzed it as follows: 8.The #EOS community worked as one big DAO A excellent example of democracy through voting and DpoS The community is now well organized and in possession of hundreds of millions Watch out for #EOS with the foundation and @EosNFoundation taking the lead &mdash; PrrplFrog (@PrrplFrog) December 8, 2021 He says that \u201cBlock.One went in to a deal to sell their vested EOS tokens for a discount to their previous associate Brock Pierce!\u201d And that, to stop this behavior, \u201cThe EOS community worked as one big DAO. An excellent example of democracy through voting and DpoS.\u201d Even though the ENF is not a DAO, this might be a good example of how Decentralized Autonomous Organizations should work. However, should a decentralized protocol be so easy to control? Should the EOS Network Foundation be able to roll back a smart contract just like that? In any case, according to The Block, the company is not yet in control of the 45M EOS they promised Brock Pierce. \u201cEight million of the tokens were already vested and controlled by Block.one while 37 million are still vesting (meaning they haven&#8217;t been released by the network yet).\u201d Is this transaction what the EOS Network Foundation wants to block?\u00a0 EOS price chart on Coinbase | Source: EOS\/USD on TradingView.com What Did The EOS Network Foundation Want? The ENF was negotiating with Block.One. According to The Block, their goal was to \u201cget hold of the EOS network\u2019s intellectual property.\u201d However, one of Block.One\u2019s side projects, an exchange called Bullish, owns the IP. And Block.One \u201cwouldn&#8217;t publicly commit to getting the intellectual property back.\u201d What did the company do instead? They announced this: \u201cIn addition to the recently announced Helios transaction, today we are pleased to announce our intentions to offer the following grants of vesting tokens that are intended to be given over time, and subject to our token availability: EOS Network Foundation \u2013 30m EOS Pomelo \u2013 1m EOS EdenOS \u2013 1m EOS\u201d Related Reading | Cardano CEO Shares \u201cToo Big Too Fast\u201d Insight on EOS CTO Departure How did the EOS Network Foundation react? They wanted the IP, not tokens. So, they created this proposal, which was approved. The ENF director, Yves La Rose, took to Twitter to declare victory. \u201cThrough a super majority consensus, the EOS network has taken its future in its own hands. This begins a new era for EOS and highlights the power of the blockchain to enable a community to stand up against corporate interests that don\u2019t align with theirs.\u201d Through a super majority consensus, the EOS network has taken its future in its own hands. This begins a new era for #EOS and highlights the power of the blockchain to enable a community to stand up against corporate interests that don\u2019t align with theirs. https:\/\/t.co\/8l62MBG67C &mdash; Yves La Rose (@BigBeardSamurai) December 8, 2021 The community spoke. They will roll back the contract and block the 67M EOS that Block.One had coming. Where does that put them regarding the EOS network\u2019s intellectual property? Does the ENF have any chance of getting that IP now? Featured Image by Valentin Salja on Unsplash | Charts by TradingView<\/p>\n","protected":false},"author":539,"featured_media":478638,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16892],"tags":[10599,13263,1155,1621,84890,10598,84889,84892,84893,7313,84891],"class_list":["post-478637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eos","tag-block-one","tag-brock-pierce","tag-bullish","tag-dao","tag-enf","tag-eos","tag-eos-network-foundation","tag-eos-networks-intellectual-property","tag-helios","tag-smart-contract","tag-yves-la-rose"],"acf":[],"yoast_head":"\n<title>EOS Community Revolts Against Brock Pierce\u2019s Block.One, Won\u2019t Pay 67M EOS<\/title>\n<meta name=\"description\" content=\"EOS and Block.One are back on the news. Is this one positive or negative, though? 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