Speculators think that Block.One might take all their surplus funding, which is stored in the form of Ethereum tokens, and sell them all at once to buy back EOS tokens from their initial investors. I repeat, they are going to sell their Ether to buy back their own tokens... lol.
This is just a theory, but it's a very good one. It could flash-crash Ethereum while at the same time send EOS soaring to the #2 slot on the market cap.
Can you imagine that? Owning 10% of your competitor's stock which you can use to make them look weak and you strong? It may be an opportunity that Block.One can simply not pass up.
Thanks for the summary. Pretty interesting to see if it will play out like that. Dan is great. Morons on this chain have ragged on him, flagged him, and he's the brain of it all, meanwhile all they are, are rich miners who can't invent anything worthwhile other than bid bots to screw the system up more, and they love to flag like asshole that they are. It's sad that these idiots have so much power and abuse it. I felt it and couldn't do a thing to stop it. EOS for the win!
Yeah the more I read about EOS the more I realize it's going to be amazing. People think that EOS is an attack on Steem but really the only thing that can kill Steem is greed.
@dan will force Steem whales to stop being greedy or face the consequences. Witnesses will be forced to adopt mechanics that will stop the corruption, or a better option will reveal itself... likely on the EOS platform. If @dan doesn't do it... someone else will. It's inevitable.