RE: Introducing the EOS Foundation by thomasbcox

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Viewing a response to: @cypherglass/introducing-the-eos-network-foundation

eos · @thomasbcox · May 23 '18

$0.88

I'm in favor of the creation of an independent community owned foundation to handle such tasks as managing the GitHub repository and other tasks that the community needs done. I'll be supportive of any open and fair initiative that serves the community's shared interests.

👍 mjhomb, morten, chillsauce, cybercodetwins, hilarski, eos.detroit, leordev, kabrony, cypherglass, hackerzizon, eosinsider

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@mjhomb · May 25 '18

I hope something around this gets into the constitution. It seems so important. I made a comment below and in telegram governance a couple of times, I'd love to hear your opinion on it!

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@morten · May 27 '18

@cypherglass,
I like this idea, but what is the reasoning behind the EOS Network Foundation needing to have it's own token?

It seems to me it would be better to simply use the EOS token for voting.

The foundation token will eventually be distributed differently than the EOS token, because of token loss, trading etc. The foundation token will then compete with the EOS token and will create an unnecessary attack vector. People who sold all of their EOS tokens will for example still be able to vote for officials using their unsold foundation tokens.

Shouldn't the EOS holders be the ones to decide or am I missing something?

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