EOSweekly: TOKEN FREEZE - B1 Group vs. Mainnet, ETH/EOS Hack, Bullish, ENF, ByteMaster7

TOP HEADLINES

This 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:

EOS Bees™ 🐝 @EOS_Bees

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/jmb2aV5Nv2

December 9th 2021

31 Retweets63 Likes

The B1 Group Perspective

Brendan 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:

…Hard to trust a system where the BPs chose a nuclear option over a peaceful outcome. That is not the future I want to live in. There is still hope.

From Brendan:

B1’s deal with Helios didn’t guarantee any tokens - only if they were available at the time they were to be transferred. This was also made clear during negotiations.

The Mainnet Community Perspective

Heading 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:

As an alternative view, @B1 fired the first bullet with you in its path as they made a promise to you for an asset they didn't own…

The ENF, Greymass, and EOS Nation all released their own independent official statements. Here again is James Mart adding clarity:

This is false. If 20 BPs signed the msig, we know that is what 20 BPs wanted.

DPOS is about improving stakeholder alignment with BP action. But they are not synonymous.

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 Framework

If 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:

As representatives of the largest DAO in the world, #EOS, the #ENF welcomes new investors, developers, businesses and individuals with open arms as we enter a new era…

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:

…evolve alongside EOS as its ecosystem grows and matures.

Innovation and developmental balance were also touted as key this week.

Cross-chain Hack Involving eCurve

EOS User Support Service @eossupportio

#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.

December 8th 2021

9 Retweets46 Likes

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 Stampede

We 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:

Bullish @Bullish

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.

December 8th 2021

152 Retweets537 Likes

On december 10th, Bullish tweeted:

… ~$1B additional hydration is now complete.

The image above was tweeted by @BBACKMAL.

Around the EdenOS Genesis Community on EOS

The 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:

Daniel Larimer @bytemaster7

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/N3zsP2IzDi

December 10th 2021

34 Retweets142 Likes

Daniel Larimer @bytemaster7

Those 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

December 9th 2021

49 Retweets181 Likes

Daniel Larimer @bytemaster7

My team is working on contract pays and 3 sec finality , projects are getting funding. New and improved governance is underway.

December 8th 2021

53 Retweets282 Likes

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) Report

Jimmy 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:

• EOS Popcorn Ep. No Idea

• EOS - The Full Spectrum Power

• The Good and Bad of EOS Disruptive Turbulence

• Warsaken. Is. Here.

Of interest Cryptowriter Podcast Network on YT and Twitch for this week:

• Roundtable - Taking Back EOS / The Cryptowriter Podcast Live

• Info giveaways and poker on The Shift+

• Taking you to Edge of Obscurity w/ Sean and Jimmy D

COMMUNITY CHATTER

EOS Nation @EOS_Nation

🌶️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 #WAXEOS Hot Sauce #131 - BPs Stop B1 Token Vesting, ENF Updates, Emanate Xmas Party w/ Dj Lethal SkillzHello EOS Nation!The Race for Rares is on! https://eos.atomichub.io/drops/95To get whitelisted visit us in our #Metaverse Gallery and follow the instructions...youtube.com

December 11th 2021

9 Retweets22 Likes

Haseeb Qureshi @hosseeb

EOS is going to be in textbooks someday. (ITA: DAOs negotiating with companies. Fun stuff.) EOS community halts $250 million of funding to Block.one, Brock PierceThe EOS community has canceled an ongoing payment of 67 million EOS to Block.one, part of which would have gone to Brock Pierce.theblockcrypto.com

December 9th 2021

44 Retweets145 Likes

EOS Nation @EOS_Nation

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

December 10th 2021

21 Retweets55 Likes

EOS mainnet news @eosmainnetnews

#EOS Let's rebrand

December 11th 2021

20 Retweets57 Likes

Sense Chat @SenseChat

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

December 10th 2021

13 Retweets26 Likes

luke@stokes @lukestokes

If you’re in Puerto Rico, check out the Uncommon Sovereignty event tomorrow (Saturday) and use stokes50 to get a discount on your tickets.

December 10th 2021

6 Retweets19 Likes

Pomp 🌪 @APompliano

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.

December 10th 2021

1,947 Retweets12,056 Likes

LunarCrush 🪐 Social Intelligence for Crypto @LunarCRUSH

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

December 8th 2021

14 Retweets65 Likes

Fred Krueger ₿ ⚡ @dotkrueger

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.

December 5th 2021

6 Retweets32 Likes

EOS to $1000 🐝 @BPEOSIO

"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

December 5th 2021

29 Retweets97 Likes

mickymax777🔮👽💜 @MickyMax777

@bywirenews @brockpierce

December 9th 2021

5 Retweets20 Likes

Mark Stair | tipit.io @truerinfo

#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.

December 9th 2021

26 Retweets80 Likes

Phillip Hamnett @HamnettPhillip

We just expanded our office space in Frankfurt, now we actually have room for the 14+ developers we hired this year!

December 9th 2021

5 Retweets51 Likes

🌈Tothemoon⭕🐝 @BBACKMAL

webitcoin.com.br/eos-primeiro-e… #ETP #EOS $EOS #Helios @helios_rising_ @brockpierce @eos_marketingEOS: primeiro ETP em breveOs últimos dias foram intensos no que diz respeito à blockchain EOS, culminando em novas notícias da Helios, plataforma de Brock Pierce.webitcoin.com.br

December 10th 2021

11 Retweets29 Likes

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.

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