EOS sent out an update yesterday evening. In this announcement they made the following announcement at the end of the update in a disclaimer:

Disclaimer

"block.one is a software company and is producing the EOS.IO software as free, open source software. This software may enable those who deploy it to launch a blockchain or decentralized applications with the features described above. block.one will not be launching a public blockchain based on the EOS.IO software. It will be the sole responsibility of third parties and the community and those who wish to become block producers to implement the features and/or provide the services described above as they see fit. block.one does not guarantee that anyone will implement such features or provide such services or that the EOS.IO software will be adopted and deployed in any way.

All statements in this document, other than statements of historical facts, including any statements regarding block.one’s business strategy, plans, prospects, developments and objectives are forward looking statements. These statements are only predictions and reflect block.one’s current beliefs and expectations with respect to future events and are based on assumptions and are subject to risk, uncertainties and change at any time. We operate in a rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you are cautioned not to rely on these forward-looking statements. Actual results, performance or events may differ materially from those contained in the forward-looking statements. Some of the factors that could cause actual results, performance or events to differ materially from the forward-looking statements contained herein include, without limitation: market volatility; continued availability of capital, financing and personnel; product acceptance; the commercial success of any new products or technologies; competition; government regulation and laws; and general economic, market or business conditions. Any forward-looking statement made by block.one speaks only as of the date on which it is made and block.one is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise."

It seems quite apparent that EOS will NOT be it's own blockchain, rather a tool for developers to create their own blockchains for their own projects. Ultimately, I believe that this is great as it will not bog down the blockchain with transaction after transactions. In addition it will make it easier to develop and create apps with their own chains.

Now, the biggest question I have out of all of this which block.one has yet to address is how not having their own blockchain will impact their EOS ERC20 token. It seems like the EOS token will ultimately act as more of a stock for dividends of company profit from EOS which could trade higher as the company makes more money (especially if the supply is still capped at one billion (900mln for the public).

What are your thoughts on EOS?