03/23–03/29
Proposal for Introducing An Entrusted Foundation to Participate in The Governance of EOSC Budget System Launched
According to the exploration experience for half a year, it is found that distributed and collaborative non-fund management professionals cannot fully utilize the vitality of the organization and promote the ecological development of the budget system. In order to better explore the governance model of the budget system on the blockchain, based on the EOSC mainnet consensus mechanism, the 1st EOSC Budgeting Committee anf EOSC Development Team proposed to introduce an entrusted foundation governance solution.
Block.one CEO Regards EOS Worker Proposal System As ‘Very High Risk, Very High Reward Direction’
Brendan Blumer, CEO of Block.one, opines that the proposed EOS Worker Proposal System is a “very high risk, very high reward direction.”
In a March 26’s tweet, Blumer said that if the community decides to go ahead with it, they must get it right.
“We need [to] learn from mistakes and double down on success. I’m up for whatever challenge lays ahead,” he said.
This, however, is not the first time Blumer showed his worries.
As reported by CoinNess.com on March 15, the Block.one CEO said he personally concerned of the effects the recently proposed EOS Worker Proposal System might have on the network, adding “even if the amount is nominal, socially authorising the BP’s to direct token-holder funds into projects without a clear or measurable return of value is risky, and may open the door to corruption and external scrutiny.”
Details of the proposal were released by EOS Nation on March 11. In nature, the proposal is a funding mechanism for the EOS Public Network modeled closely after the DASH Budget Proposal System. It enables developers and other value creators to seek funding from the EOS blockchain for their projects outside of EOS block rewards.
Block.one Recruits Block Producer (BP) EOS New York
Block.one announced that former EOS New York founders Rick Schlesinger, Kevin Rose and their team would be joining Block.one to help the company deepen its engagement with public blockchain communities, promote ideas to foster open, organized, and decentralized public network operation, and represent its interests as a token holder of several public digital assets.
Block.one CEO Elaborates On Future Of Bitcoin, Blockchain
Brendan Blumer, CEO of Block.one, expressed his opinions in a series of tweets about the future of Bitcoin (BTC) and blockchain.
Per the CEO, if Bitcoin continues to grow exponentially, single transactions will move to private chains, institutions will make BTC management easy for the masses, and inter-company settlements will dominate the limited bandwidth of the main chain.
Meanwhile, Bitcoin and crypto will be offering people a transparent store of value with provable supply integrity and self-empowering custody options.
“Blockchain isn’t going to give us every freedom we want, nor is it going to end governments, or their ability to track and influence our actions, but it will increase the efficiency and mutual accountability of the governing process,” he said.
