The year long running EOS ICO, launched in June last year (2017) has already raised well over $700 million. It is certain to successfully raise the targeted $1 billion by Project launch anticipated for June 2018.
Image credit: hackernoon.com
Such has been the rapid sell and success of the EOS ICO’s, it has achieved such a success rate, despite it not affording token-holders any rights or functions as indicated in its FAQ’s.
Overall, EOS is right now one of the largest cryptocurrencies by market capitalization and by far, the most anticipated project in the crypto industry.
And what’s more? EOS is the brain-child, of one of crypto industry’s most accomplished programmers and entrepreneurs, Dan Larimer.
Larimer the Virginia Graduate, programmer cum crypto visionary, also the brain behind two popular decentralized block chains.
He created Bitshares (BTS), an asset exchange and Steem (STEEM), a social media, and is without doubt, one of the leading names to reckon with in the crypto industry.
Everything Dan has so far touched, has turned to Gold, with EOS being the latest of his brain children to rock the crypto world.
But just as that is true, so it is also true that Dan has demonstrated a penchant for orphaning his projects soon as they are up and running, as he move son to the next big thing.
A classic example is Steem, which he left soon as it was up. Now whatever the reasons, obviously only can explain.
Still,one cannot help, but seeing as it is becoming a habit for to start a project and then leave it almost immediately, one has to wonder if it won’t be the same with EOS, and what implications that will have.
In the words of former colleague Charles Hoskinson, Dan Larimer “hasn’t finished a project yet.”
So who and what exactly is Larimer? Is he an archetypal multi-idea genius or just a hyped trialist and quitter?
Hagiographies portrays as a visionary programmer who is living ahead of his time.
The hosts of ’s fans see him as an archetypal multi-idea and multi-talent genius who simply cannot, and should not stay in one place, with one project for too long, for the god of the crypto industry.
Yes, the contention is that the crypto world would perhaps have never had Steem has stayed too long with Bitshares, and certainly not EOS, had
stuck with Steem! The loss to the projects
leaves are in retrospect, a gain to the larger cryptocurrency world. It is that simple, his fans contend.
A true leader and visionary however, in the entrepreneurial world, is defined by his/her ability to more than just start a project when there is all the money and market enthusiasm, but to stick around and build its infrastructure through the stabilization and post market enthusiasm phases.
And so it is that critics contend that ’s quick-to leave feet evidence his personal lack of staying power. More than this, and perhaps most worryingly, it evidences, his critics contend, that his projects, robust as they are, lack long-term viability.
is in effect presented as a man who, knowing his project’s fated end, is only smart enough to jump ship rather than sink with it. This way, the blame/responsibility of otherwise inevitable collapse/failure, is cast on those he left behind rather than him.
The credibility of this line of criticism is however questionable, despite leaving his previous projects at infancy, none of them has yet failed. At least not by the time of this writing. But of course again, only time will tell.
Meanwhile, we can at least live with the satisfaction that EOS, ’s latest project is promising to radically change the crypto world. At any rate, nonetheless, should EOS be the success it is all being hyped up to be,
Larimer will only have unquestioningly won the express right to every plaudit, standing no doubt, at par with the like of Ethereum’s Vitalik Buterin.
But of course as has been evidenced by the struggles of Ethereum, such robust projects such as EOS is also, founded and overseen at infancy by a strong leader, stand at high risk of failure, if the founder leaves. EOS investors must obviously be wary, and hope that this time stays around!
But again, as his fans will tell you, ’s ingenious brain shouldn’t be limited staying on one project when he could easily birth another. Such is the middle ground
stands on, he will continue to sharply divide opinions in the cryptocurrency world.
What are your thoughts on and his penchant for starting, then leaving robust projects at infancy rather than overseeing their maturity?
Is EOS’s Dan Larimer an archetypal multi-idea genius or just a hyped trialist and quitter? Give your thoughts in the comments below.
