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RE: Name Bidding and Premium Names on EOS

in #eos7 years ago

but it is the community that decides what happens with the funds or is it Block1 or you or the one with the most eos?
Seems like an interesting idea but it does not really seem to serve a lot of purpose (except extra publicity or getting even more capital then before)

I am a very small investor and (slowly growing) witness here on steem and I am ambivalent on what EOS does. It has a lot of benefits and looks really good but I still have that nagging little doubt in me about the whole thing.
I guess the biggest thing is: why would you need that much money... No ICO needs that much money in my opinion.

I know expressing doubts in your project is maybe not the right way to go about the next question but I would hope honesty would be appreciated

I know you are not very active on steem (as seen on your witness votes below) but if you would grant a new project your vote that would be amazing @swisswitness
thanks in advance
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Community means it doesn't get allocated by block.one or Dan.

No ICO needs that much money in my opinion.

A good ICO isn't capped. Nobody from block one could or should determine how much people can bid to participate in their bid based ICO. As the stake holder with the greatest incentive to see eos succeed, I trust that they'll use the venture capitalist fund wisely.

I am ambivalent on what EOS does.

Eos allows developers to build decentralised applications like steem without having to build a blockchain.

I trust that they'll use the venture capitalist fund wisely.

exactly... Now I will be honest that I havent gotten that deep into the EOS topic but is there anything in place that will do that or is it just based on our trust?

I thought you were going to quit Steemit. Or don't I remember that very well?