Sell the news: EOS falls by 7% after Block.one June 1 announcement

Block.one June 1 (B1June) live stream has just been unveiled, and EOS is dumping. In a classic case of "buying the rumor, selling the news", the crypto access has fallen by 6.5% since the incident occurred. This should not be surprising, as cryptocurrency was 40% over the past week, pending a massive announcement to revolutionize the blockchain world.

EOS Dumps After Block.one Keynote

Earlier today, as Block.one, the company behind EOS & # 39; development and subsequent public sales, we reported to launch a blockchain-based social media platform. In the keynote that was released an hour ago, this was revealed to be true. Brendan Blumer, CEO of Block.one, stated:

"You just can't read a house when the foundation crumbles. Social media was created to use its users. Right now, the companies, not the users, are reaping the benefits. They are auctioning. our data to the highest bidder and flood our feeds with hidden agendas … We leverage the EOS blocks to create a social media platform that is more tailored to the world … The value of good content is circulated to sustain society. "

Launch In a short time, Voice will be a "truly self-sustaining" social media economy where both the platform and the users benefit. There will be no data collection, nor arbitrary ad targeting. To do this, Block.one launches the appropriate name named Token, which can only be created by interacting in the social ecosystem. The EOS-based crypto permit will allow users to "hear their voice", giving the proprietors the ability to signal increase their messages and media.

Related reading: Bloomberg: Block.one launches an EOS-based crypto community network [1[ads1]9659007] It was also announced that Block.one has collaborated with Coinbase to bring EOS to Earn, giving users in over 100 countries the opportunity to Collect $ 10 worth of cryptocurrency by watching videos and consuming educational content. And Dan Larimer, Chief Technology Officer of Block.one, also revealed the EOS World Cup, a new protocol that allows blockchain processes to allegedly be 12 times faster than just one year ago.

Many have already begun to express their distances in relation to the announcements (or lack thereof), take to Twitter. Prominent entrepreneur Justin Wu, for example, noted that what was unveiled was "underwhelming", therefore why the value of the EOS has fallen so quickly.

Just keeping it real – underwhelming lol

– Justin Wu – E3 2019 (@ hackapreneur) June 1, 2019

Others have been skeptical of the blocked-activated social media concept itself. Crypto trader and commentator Loomdart jokes like Block.one effectively builds on Steemit, a crypto blogging and content sharing network, on EOS.

The funny thing is that Larimer is one of the brains behind Steemit and does not put the best trial to Voice. Of course, Voice is not meant to be Steemit, but some are properly cautious about crypto-activated social networks.

As Delphi Digital's Tom Shaughnessy explains further, "Block.one is on it again and is looking to thank an EOS usage case that is already perfectly addressed by Twitter." But it's a kicker, the data on Voice will all be susceptible to EOS & # 39; block manufacturers, according to Shaughnessy anyway.

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