EOSweekly: TOKEN FREEZE - B1 Group vs. Mainnet, ETH-EOS Hack, Bullish, ENF, ByteMaster7
EOSweekly: TOKEN FREEZE - B1 Group vs. Mainnet, ETH/EOS Hack, Bullish, ENF, ByteMaster7 TOP HEADLINESThis week was exciting to say the least. It even called for a different presentation. The token freeze is considered from both the mainnet community’s perspective and the group behind B1. For those not aware of the situation, B1 planned to use tokens to fund Helios. However, the ownership status was called into question by the mainnet community. There’s some consensus (as presented by EOS Nation) that the matter could have been resolved if B1 transferred its claim of the EOSIO copyright to the EOS Network Foundation. At the time of this writing, EdenOnEOS telegram was running hot, mostly surrounding a late night call between Brock and Yves. Among the best questions of the day: Excellent points made by @_JamesMart.
Should BPs have put in the work through polls, AMAs, etc. to find whether the big freeze had community consensus? EOS to $1000 🐝 @BPEOSIO @EosNFoundation & @B1 Negotiations Retrospective #EOS https://t.co/jmb2aV5Nv2The B1 Group PerspectiveBrendan Blumer and Brock Pierce were the two most vocal parties out of the B1 camp. Brock is in the spotlight with Helios. He maintains support and funding for the mainnet. Brendan leads an entity attempting to revolutionize how the world sees exchanges (Bullish) and NFTs (Voice). Parent company B1 additionally promotes enterprise blockchain services riding on EOSIO. Brock pointed out that B1 voted with these tokens. Brendan enjoys the power of said tokens throughout his tenure. B1 was a lead EOSIO developer. It also actively lobbies governments for EOS and EOSIO. Some more words from Brock:
From Brendan:
The Mainnet Community PerspectiveHeading mainnet activities is the ENF. While it was the BPs that ultimately froze the tokens, the ENF was crucial toward filling what B1 left behind. Eden community, the ENF, and community members like EOS Nation (Pomelo) have, in a short time, delivered on funding promises that B1 delayed for years. The tokens in questions were to be distributed over time and not for B1 to use as it pleased. Aaron Cox had this to say on B1 getting Brock involved:
The ENF, Greymass, and EOS Nation all released their own independent official statements. Here again is James Mart adding clarity:
Be sure to visit the latest edition of Popcorn by our very own THE SEAN for a deepscape into the chatter and insightful commentary. ENF Ongoing Development and Grant FrameworkIf you were not aware of the ENF’s leadership role for the mainnet before this week, you certainty got a taste of it reading the above. And we’re just getting started. Here’s the tweet the ENF released to demonstrate how independent of B1 the mainnet has already become:
Grant Framework Towards a Stronger Future is the most recent post by Yves. He goes beyond Pomelo grants, discussing broad value adds and alternative funding. Polkadot’s Web3 Foundation is given particular attention. A dynamic, evergreen, adaptable solution envisioned by the ENF would be able to:
Innovation and developmental balance were also touted as key this week. Cross-chain Hack Involving eCurve#EOS DeFi hack
eCurve got exploited and a hacker drained\stole TRIPOOL holdings, which affected PIZZA lending.
The hacker created approx. 1.4 million new EOS accounts.
The eCurve and Pizza team, Dex's and BPs are aware of the situation and are looking into it. Just prior to the B1-Brock-mainnet saga, another event caused rumbles across the community. EOS Support was among the first to report on the issue. Timeliness-in-action is a testament to the spectacular contributions EOS Support has made out of the gate. In terms of the hack, it involved an elaborate scheme of transferring and lending tokens. Ultimately, the cross chain bridge was shut down on the EOS side. The hacker exploit was also found to occur primarily on eCurve without compromising the bridge. I covered the topic in more detail in The Good and Bad of EOS Disruptive Turbulence. Bullish StampedeWe must still consider B1 an important community member. At least until it forgoes vested interest in the many EOS tokens it holds. Bullish went live for select institutions on November 30. Not much appears to have changed since I took part in the beta. What’s impressive is the relentless exponential growth in daily trading volumes by select institutions taking part in the early launch phase: 1/ We’ve seen strong volumes since initial launch.
Total daily trading volumes:
-Nov 30: $5M
-Dec 1: $10M
-Dec 7: $50M
With ~$1B now injected, we’ll soon be accelerating our hydration of liquidity pools with an additional $1B on the way to $3B+ planned for this limited launch. Bullish @Bullish #Bullish is NOW LIVE for select institutional customers.On december 10th, Bullish tweeted:
The image above was tweeted by @BBACKMAL. Around the EdenOS Genesis Community on EOSThe B1 token freeze saga should serve as this week’s Eden coverage. But, as with any good community, events run much deeper. And since the most prolific EOS member was not spotlighted… welcome again to the ByteMaster7 Show: This is what my safe margin lending system does and in theory is what bullish has implemented. It’s impossible to have an under collateralized loan with this algorithm. Frank Chaparro @fintechfrank My latest: Can exchanges do something?! https://t.co/0Uux463zSB https://t.co/N3zsP2IzDiThose that use the end to justify or condemn a process will forever divide us. The means must justify themselves. If you believe in token weighted governance then the end is justified so long as process was followed. @EdenOnEOS My team is working on contract pays and 3 sec finality , projects are getting funding. New and improved governance is underway. Remember to check the latest Eden Members recap post, the Chief Delegate Meeting #7 video (above), and the weekly discord community fireside chat. Cryptowriter (Finney) ReportJimmy D invited Brock Pierce to do a Cryptowriter interview. Warsaken staking… not yet, but required cards can be obtained beginning the 15th. Learn about the Pitfalls of NFT Collecting (and where The Melted Penguin by Boris Z Simunich [image above] was found) at the UNDRGRND. Engagement winners for this week can be found here. Yes, Popcorn was already mentioned. Here it is again anyway along with this week’s Cryptowriter articles: Of interest Cryptowriter Podcast Network on YT and Twitch for this week:
COMMUNITY CHATTER🌶️Today's Hot Sauce Live @ 16:00 UTC🌶️
✅BPs Stop @B1 Vesting of Tokens
✅@EosNFoundation's Grant Framework
✅Pomelo Tree Speed Harvest
✅Jahzeal Bell Sponsorship
✅VRGB @streetdotgems Giveaways
✅@EmanateOfficial Xmas Party w @djlethalskillz
youtube.com/watch?v=VebhFr… #EOS #WAX The Juicy Pomelo NFT Speed Harvest has started!⚡️🌳🍈
Pomelo Trees will produce Juicy Pomelos until we reach the 4000 supply cap. It won't take long to reach the cap so make sure to check your harvest daily! 🏃♂️👩🏼🌾
Harvest here: harvest.pomelo.io
#EOS $EOS #Pomelo #NFT In Sense Chat we are looking for bounty hunters. Every week we have a mission for you and a reward if you accept.
If you think you have a brave heart like Boba Fett, we are waiting for you on the official Sense Chat channel:
join.sense.chat/sensechat
#makesense #SENSE If you’re in Puerto Rico, check out the Uncommon Sovereignty event tomorrow (Saturday) and use stokes50 to get a discount on your tickets. REMINDER: If you aren't being paid at least 7% more this year than you were last year, your employer is paying you less today in purchasing power terms.
Show them the inflation data and ask for a raise. EOS has a current Galaxy Score™ of 79.5/100, indicating bullish relative social + market activity vs historical performance.
Price score 4.4/5
Social sentiment 3.8/5
Social impact 3/5
Correlation rank 4.7/5
lnr.app/s/9EJPL9
$eos #eos #LunarShare
@EOSIO 1/ Where Web3 is going, simplified.
1. Users have tokens: fungible, and non-fungible
2. These tokens live on public blockchains
3. These token are accessed with standard, friendly wallets
4. These tokens are recognized by most web and mobile apps. "All @EOSIO chains will become tied back to 👑 #EOS mainnet as the financial settlement layer (utilizing @eospowernetwork pull transactions, much deeper liquidity, and global access) and the new narrative is a unified @EOSIO vs SOL vs ADA etc.
That's how we win."
@Barnzooor #EOS could become the next payment network like Visa thru intelligent design from the Wallet+ group coordinated by @Jesta187 @EosNFoundation @bytemaster7 @BrendanBlumer for compliance & @tipitbot Alex Rampell @arampell 8 (fin): Protocol design matters. And a well thought through protocol is more valuable and protective than lawyers, contracts, and even governments — it will survive all of them.We just expanded our office space in Frankfurt, now we actually have room for the 14+ developers we hired this year! EOSweekly is a roundup of recent news within the ecosystem. Unique needs and services continue to emerge as the advantages of blockchain technology are realized. Easy access to information becomes increasingly important for these expansive networks. Follow Marco.Learn how to earn…Become part of our community.Follow our socials.Subscribe to our podcast.If you liked this post from Cryptowriter, why not share it? |
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Saturday, December 11, 2021
#1: 7.8 billion people on Earth, and only 130 million Bitcoin users.
Warsaken. Is. Here.
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...and it's fucking beautiful!
EOS Popcorn Ep. No Idea
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No, this is not EOSweekly. Though, given the magnitude of events over the past 24 hours, it's hard avoiding a sort of update. Check out what's been going on: Hack of ETH-EOS bridge Bullish EOS
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