Telos Forks EOSIO Software (Not EOS Blockchain) by eosmastering

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eos · @eosmastering · Jul 13 '18

$114.20

Telos Forks EOSIO Software (Not EOS Blockchain)

![Block One (1).png](https://cdn.steemitimages.com/DQmQWK66Dscdgi8KdjsJPuRmjjR3SH61d6zqDAFVci1eL7Y/Block%20One%20(1).png)

## The Telos Network, a joint project by members of the EOS BP community says they are launching the first sustainably decentralized new blockchain based on EOSIO software 

&nbsp;

**Some quick facts**

- Based on EOSIO code and compatible with EOS for dApp developers

- New TLOS tokens to all EOS owners included in Genesis snapshot

- 1:1 with EOS tokens, capped at 40,000 per address

- Dapps not forced to be open source

- Designate a RAM fund to ensure the first 1 million addresses will be free to create

This project is run by a bunch of smaller Block Producers like eosBarcelona, EOS Detroit, EOSmetal, EOS UK etc..none of which are top 21 BP's. They are still active in the mainnet. They are not even back up block producers, so they are only trying to create this project to get some revenue. Again - they are not producing blocks and making money off of EOS - but they are investors holding EOS - so it is in their full right to do something like this. 

Read the complete statement [here](http://www.telosfoundation.io/TelosAnnouncement.pdf)

&nbsp;

## My Take

Personally I don't like this semi-communist capping of tokens. But keep in mind, there is no harm done by forking an open source code. This is good, because it provides competition and it gives everyone a little push. 

&nbsp;

## Recent Posts By EosMastering


&nbsp;

[Block.one Is Building Free Hardware Wallet, Dan Proposes Ram-space And Lowering Ram-Usage Per Account](https://steemit.com/eos/@eosmastering/eos-update-july-12-block-one-is-building-free-hardware-wallet-dan-proposes-ram-space-and-lowering-ram-usage-per-account)

[EOS Update July 11. EOS RAM, Adding More Ram, Scaling Sidechains, ETH comparison And Accounts](https://steemit.com/eos/@eosmastering/eos-update-july-11-eos-ram-adding-more-ram-scaling-sidechains-eth-comparison-and-accounts)

[List Of All EOS Airdrops And Their Progress: Google Doc Spreadsheet](https://steemit.com/eos/@eosmastering/list-of-all-eos-airdrops-and-their-progress-google-doc-spreadsheet)

[Block One Taking A Bigger Role With EOS](https://steemit.com/eos/@eosmastering/block-one-taking-a-bigger-role-with-eos)

[Dan Larimer Working On Steemit 2.0 As Well As Bitshares 2.0](https://steemit.com/eos/@eosmastering/dan-larimer-working-on-steemit-2-0-as-well-as-bitshares-2-0)

[Greymass wallet update multiple accounts ram trading and proxy voting added](https://steemit.com/informationwar/@eosmastering/greymass-wallet-update-multiple-accounts-ram-trading-and-proxy-voting-added)

[Airdropsdac1 buys more than 1,5gig of ram for a project](https://steemit.com/eos/@eosmastering/airdropsdac1-buys-more-than-1-5gig-of-ram-for-a-project)



![eos_spinning_logo.gif](https://cdn.steemitimages.com/DQmXa2QrAYHv5zW4zsTtD7NotjJAzijkrPNjgnwjbb8uvVo/eos_spinning_logo.gif)

> Disclaimer: eosmastering is not associated or affiliated with EOS or Block.one in any way. It is a private informational blog run by an EOS investor.

👍 postpromoter, upmewhale, rocky1, boomerang, tipu, therising, roused, scandinavianlife, eosmastering, borran, minnowpond, steemcharts, blockgames, elautomatico, lulita, andrecarothers, hasmez, voter000, madmac, gagago, eileenbeach, cryptohustlin, blockchaindaily, drguy, sammyb, bnbtravels123, fortunex, thevark, accountshop, baronvonbitcoin, harmonicliving, tsto, ering, zip512, desmonid, unholyleaf, minnowpond1, thedrayness, oncryptos, lestravel, drop-bear-beryl, bobinson, arv1, schulbz, boliwar, cmtzco, harshsahu, steemstatistics, achrafo, dezmond, cryptotax, pvinny69, shamrock017, bofadeez, onpolitics, onmindset, smer, decentrabank, steemit-meemit, eosinsider, smartdeveloper, epicenter, parleynews, geryosorio, and 12 others

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@boomerang · Jul 13 '18

This post has received a 33.0 % upvote from @boomerang.

👍 hammad27

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@digitalnew · Jul 13 '18

Continue your good work my brother and please follow, upvote and comment me 
https://steemit.com/mgsc/@digitalnew/ontology-coin-the-right-time-to-invest-on-binance-okex-huobi-exchange

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@iamsubbu · Jul 13 '18

I dont see why it is a communist ? Lets consider evolution they gave 12k evo each account is it not a communist ? Consider scatter it is giving only 100 tokens, consider ono it is giving 1/75 of total onot. It is completely about community.

👍 hammad27, navorn

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@eosmastering · Jul 13 '18

The point is that hodlers over 40,000 EOS get LESS than a 1:1 distribution, whereas token holders with less than 40k tokens get a 1:1. 

It has nothing to do with the total amount of tokens given. If Scatter gives away 100 tokens at a 1:1 ratio and ono gives 500 tokens at a 1:1 ratio that has something to do with the total supply of tokens - not the ratio. The ratio stays the same..the amount of tokens has only something to do with the supply of tokens. 

What would you think if this project gave me 1:1 ratio for my 100 EOS, so I got 100 TELOS. But you hold 200 EOS and you only got 100 TELOS as well. If you don't mind that, cool. But that's a "communist" mindset.

👍 mulletwang, hammad27

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@mulletwang · Jul 15 '18

Very well articulated. I tend to agree that everyone should be treated equal. The idea that rich people don't deserve this similar and equal consideration (that everyone else expects) is absurd to me.

👍 mulletwang, hammad27

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1 reply

@postpromoter · Jul 13 '18

re-eosmastering-telos-forks-eosio-software-not-eos-blockchain-20180713t092831327z

You got a 12.19% upvote from @postpromoter courtesy of @eosmastering!

Want to promote your posts too? Check out the [Steem Bot Tracker website](https://steembottracker.com) for more info. If you would like to support the development of @postpromoter and the bot tracker please [vote for @yabapmatt for witness!](https://v2.steemconnect.com/sign/account-witness-vote?witness=yabapmatt&approve=1)

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@pvinny69 · Jul 13 '18

i think the reason most crypto enthusiasts dont care for eos is obviously such a small number of people owning suck a large share of eos tokens.  People involved with crypto in my opinion want decentralization of currency so to buy into a token or coin which is owned by a very small number of users doesn't make sense to me.

👍 mulletwang, cryptosufi, erikodi, pvinny69, navorn

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@crservers · Jul 18 '18

$0.04

I read their White paper.
Most of their ideas are good, but must of them can be easily implemented on the EOS net when the Referendum function is enabled. 

These respectable underdog BPs did not want to wait any longer. So they acted a little too soon IMO.

There's one thing I find a bit hard to swallow. 
Ok, They get rid of the whales by capping them at 40,000 Telos, but then they  turn around and distribute 1 million Telos to each of the 6 funding BP's !
So, voila! They convert themselves into the new whales controlling the net in a much centralized way than before.

I'm not going in that ship!
Good luck guys!

👍 cryptohead

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@eosmastering · Jul 19 '18

Interesting perspective. Thanks!

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@erikodi · Jul 13 '18

I agree with you on this.  The 40k cap is designed to escape whale capture.  The EOS mainnet is now in absolute danger of being taken over and commandeered by a handful of wallets.  It will get to a point where even the B.One wallet may become ineffective.

👍 pvinny69

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@eosmastering · Jul 13 '18 (edited)

Yes, but we know that redistribution of wealth and the hinderance of rich people to participate will in any system will just mean they take their money elsewhere and create and invest there. 

I'm not for nor against - I think we should see what happens, and frankly it doesnt matter. Like I wrote, its open source and anyone can fork and do whatever they want. But I have my doubts, because every country, project or system that redistribute or take from people fails. They have however not taken anything per se, but limiting the power of the richest. 

So, yes, one can argue if it has anything to do with redistribution or "communism". Anyone can join this project with multiple accounts/wallets and buy more tokens if they believe in it.

Thank you for your comments!

👍 drop-bear-beryl

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1 reply

@surikowstepanuk · Jul 13 '18

You write well, @eosmastering!

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@surikowstepanuk · Jul 14 '18

@eosmastering You can read ....

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@wekkel · Jul 14 '18

I also like competition so a bunch of BPs running a clone of EOS is no problem at all. It would be good if they really add or change something in their version of the EOS software so that the alternative choices made can be tested and tried in real life.

What amazes me about EOS is the money they were able to raise (no hard feelings here) It sure makes a good War Chest for future development of dApps and support the development of EOS itself.

There are some very large investors in EOS tokens, it seems. Not necessarily bad but I sometimes have the feeling that the enthusiastic but small EOS token holders do not have a real say in events. But I guess that mimics real life :)

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@wekkel · Jul 14 '18

I read the [Whitepaper](http://www.telosfoundation.io/TelosAnnouncement.pdf) some further. For those interested in how this is going to launch and how to obtain your share in the TLOS tokens to be issued, see the following quote from the whitepaper:

"The Telos network will be launched by six publicly known ABPs (appointed block producers) for maximum transparency. The network is currently running as a testnet with several block producers and can be viewed at https://testnet.telosfoundation.io The Telos mainnet will launch in August at which time, TLOS owners may begin voting for block producer candidates to reach the 15% required for network activation."

The [TLOS testnet](https://testnet.telosfoundation.io) seems not accessible at this moment.

Once they get this up and running, this adds to the available space for dApps in general. From a user perspective, it should not matter where their favourite website/app is running, as long as it works as intended. But I think running different apps on the same chain could increase cross -over use and payment applications in-between them.

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