All looks good but price action is disappointing. Raises concerns

about the race to the bottom predicitons many had when talking about the BP cartels. As an outsider looking in, there seems to be no clarity on the allocation of major stakeholders. The community looks small which makes me question how many major stakeholders there are. Who will invest in a cryptocurrency that is controlled by a select few?

These are all stories I hear a lot, but I don't believe they reflect the reality of the situation. EOS is very widely distributed, the community took control of an abandoned codebase in the midst of a major market downturn and has proceeded to move further towards decentralization and development than ever before under 4 years in the shadow of the megacorp that fleeced the community and left nothing but a bad taste, failed enterprises, and unresolved issues in the codebase, with no tooling and a poor and downtrodden community. Meanwhile in just the last couple years with a tiny tiny fraction of that massive warchest that never was ours, the network removed the parasite, found a nexus of organizational executive function in the formation of the EOS Network Foundation, the community banded together and produced multiple research papers (Blue Papers) and began to direct resources and build based on these, formed a coalition of blockchains (Antelope Coaliton) rescued the codebase (tackling thousands of unresolved issues) made it completely free + open source, and took it further than ever, launched an awesome EVM (that is breaking completely new ground) achieved trustless inter-blockchain communication between all Antelope chains, launched a venture capital fund (ENV) and an incubator (EOS Labs) funded multiple rounds of public goods infrastructure through Pomelo and the Direct Grant Framework (multiple excellent projects were funded through these) experimented with DAO tooling in the form of Eden, EOS Respect, and others, while setting the stage for the release of a top notch DAO toolkit incorporating some of these lessons in the form of Hypha, pushed out significant developer tooling (WharfKit + WebIDE) began forming multiple alliances with highly significant new partners, listed in entirely new markets (Japan), while making significant inroads in Hong Kong and Korea and elsewhere, all through the deepest darkest bear market of crypto history... I mean there are many more significant details I'm not even beginning to capture. So many promising developments it's hard to track them all now. The reality of the battle hardened, rebel alliance EOS community and its over 5 years of continuous uptime and ability to keep grinding and innovating, making the tools to set the stage for mass adoption, all while some of the most passionate and driven developers, technologists, communicators, operations, business development, rebels, builders, doers, and makers continue day in and day out to give 110% to push forward... This is so far from the vision you paint above. Perhaps it is our failure to sufficiently communicate the enormity of what is actually occuring here. Those that know, are building and organizing for the future. Those that can't see what's happening here will have to wait until it's more obvious. The mycelial network spreads far and wide, and unseen, before the fruiting bodies burst forth with the rains.

After reading your post, I stayed up all night to learn about mushrooms. I came across the following facts about the life cycle of mushrooms. https://cdn.shopify.com/s/files/1/0003/0041/7038/files/Mycelium-Timeline-V2-After-Skool.jpg?v=1616186266 https://hostdefense.com/blogs/host-defense-blog/mycelium-explained "mycelium can remain highly dynamic and metabolically active for ~95% of the overall life cycle, while fruiting bodies often represent less than 5% of the life cycle timeline." I realized that the explosive growth of mushrooms into fruiting bodies is the result of long, steady preparation and accumulation in mycelium form for 95% of the time. You have said twice this month on telegram that you and your colleagues are giving 110% effort. This gives me big hope. I hope that you and your colleagues will put wits together and come up with many brilliant ideas and realize it smoothly. I hope that with the antelope IBC and fast finality, EOS will become the TCP/IP of the blockchain space. That's the day EOS will grow into a giant mushroom and be truly valued. Just as mycelium is underground and invisible, the price of EOS at this stage has nothing to do with the price of EOS after it grows into a mushroom. I just worry about whether the EOS community will have the funding and lot of talent to survive until that day.

We will see 👍

No need for the Screen Saver (mushroom) tho 😉

Стикер

Hmm, more time will tell, I guess. Time so far has shown that the major stakeholders don't seem to care about new investors. They're the ones who could help stabilize the price, but instead, anyone who buys in ends up footing the bill for the large stakeholders who are cashing out and continuously driving down the price. EOS needs a long-term staking solution to incentivize holding for the long term. Do a 5-10 year lock-in period with a ROI that would give new people a reason to invest today. From my point of view, I find it hard to believe that the distribution is widely distributed when the active community is so small compared to other cryptocurrency communities. My feeling is that the network needs to be willing to show that greed is not driving the economics of the ecosystem. Locking up tokens and incentivizing savings that benefits smaller investors while limiting whales from capturing the network is a solution I hope EOS is thinking about. The reality is that investing in a cryptocurrency where there is a lack of transparency on what the true distribution of tokens looks like is highly risky, and I don't foresee mass adoption until this problem is resolved. For all we know, one person could own multiple accounts that result in a majority percentage of all tokens in circulation. Hiding behind the ENF is not going to be enough. Major stakeholders need to be leaders and step up to the plate and be willing to take more risk by providing transparency to the people of the network they serve. This is not to take away from any of the good players who are committed to doing their best for the network and doing great work. But I hope it shines a light on a glaring issue that will continue to plague the network if it continues to be left unresolved.

What is the best example you've seen in other token ecosystems for locking up tokens and incentivizing savings that benefits smaller investors while limiting whales from capturing the network? Learning by what others are doing is good for the community to improve. Please share your findings with us

if you want to make some suggestions about staking, etc, that's fine. but your implication that EOS is less distributed than most other chains is preposterous. if anything, it's the complete opposite.

Very good points. Do you mean locking up coins, in the sense that they can not be moved at all? That would defeat the purpose, wouldnt it?

How do you know?

Long-term staking doesn't really work as intended when there are liquid staking protocols that have become the norm in defi. Just look at CRV where the tokens are often locked up for 4 years to get maximum veCRV voting power. Most CRV ends up being staked through liquid staking derivative (LSD) protocols like Convex to allow holders to remain liquid while having the ability to sell their vote power and liquidity for bribes/yield @Lion7Flash how would you suggest a protocol combat liquid staking as a workaround to long-term token lockups for your proposed solution? https://hackernoon.com/inside-the-curve-wars-defi-bribes

They'd be able to move because someone like Defibox would develop an LSD (liquid staking derivative). If there were a 5 year locked/staked EOS paying a 10% stable yield (where it'd come from, who knows?), then we'd quickly see an stEOS5 liquid derivative generating when committing to a 5 year stake through Defibox. They'd pass along the yield to the holder in exchange for allowing them to remain liquid via EOS-stEOS5 liquidity pool incentives in exchange for their voting power.

@Lion7Flash please share your insights. You proposed several ideas but haven't backed any of them up with your research.

hmmm, you didn't question the concern troll FUDder when he implied EOS token ownership is not distributed. but you're questioning me for questioning him. Lol in any event, i didn't say i KNOW anything. i simply said it's likely that EOS is MORE (not less) distributed since other networks have typically sold only a small % of tokens to the public and have kept a large % for founders, VCs/insiders, development, marketing, etc. EOS, on the other hand, was 90% sold to the public via year-long reverse Dutch auction. the remaining 10% was reserved for b1, vesting at a rate of 1% per year. i believe only 4% vested before b1 was fired and the vesting stopped. so it doesn't take a genius to understand that EOS is likely much more distributed than other networks.

He made an assumption (community small therefore guess bad distribution) You made a claim saying that the assumption is absurd.

i made the claim that his conclusion was absurd. he has no idea what the size of the community is or exactly how that would translate to distribution. meanwhile, he ignored actual known information pointing to the likelihood that EOS is more distributed than other blockchain networks, not less so.

lol, meanwhile if he was more considering governance he's not being absurd at all 😅

i think it's been shown that governance isn't what he was referring to

I don't think it has. I think Felix does care about governance. He was once a great contributor to Eden for example, and our ecosystem in general with his content creation. I don't think the overall token distribution was the primary motivator for him to depart from our ecosystem for example.

umm ok, then my original argument stands. i.e. most other networks are far more centralized. does Felix know that? anyway, i'm not aware of his contributions. he just came across here as a concern troll FUDder. but if he left EOS in frustration over governance, i'd be interested in learning where he ended up going!

If we're talking about governance than I'm not sure I agree "most other networks are fare more centralized". Do you know currently how many EOS tokens are voting for BPs and how many accounts makeup the majority of those tokens?

Rockus
and a lot of these foundations are also voting/sta...

you don't like kingmakers?