Written by Sean – https://twitter.com/TooLegitCrypto
Goodbye BPs, See You Soon…
I can sympathize with the genesis BPs, who poured their hearts into EOS by coordinating the launch of the chain and providing crucial community contributions such as explorers, wallets, and governance proposals. They worked hard to produce value, and they were rewarded for their efforts. The truth of the matter was that, at that time, those who provided community contributions were rewarded with votes. If you ran bare metal you got votes. If you built a wallet when the community was desperate for a wallet you got votes. If you made tutorial videos that explained the inner-workings of EOS you got votes. If you drafted a governance proposal that got approved you were held in high esteem and got votes. Ah, the good ole’ days of EOS. So many cool people and innovative thinkers poured their lives into getting the chain off the ground in running. I hate to say it, but many of these genesis BPs acted as sacrificial lambs, putting it all on the line, so that others could enter the ecosystem and prosper. As many of these BPs who have guaranteed a level of future success fade into the abyss, it’s difficult not to feel for them. We built relationships with them over countless hours of late night Telegram discussions. We discussed ideas, argued opinions, and speculated on when and how we would reach the moon. Everyone was on the same team and fighting for the same cause. This was the beauty of “aligned incentives,” as they called it.
The truth is times are changing and EOS is rapidly evolving. Waves of deeper-pocketed BPs are only here because the BPs before them poured the foundation. The EOS landscape is relentlessly changing, as many face the harsh realities of helplessness and the decisions they’ve made along the way. But this is nature. It’s a rat race. Survival of the fittest. This is exactly the sort of competition that separates the wheat from the chaff. More importantly, this is exactly what EOS was designed to support.
As a community we can’t spend too much time looking back and imagining what could have been, and how things could have been different. Instead we must learn from our mistakes, get back on our feet, and continue to forge ahead as pioneers, in this grand experiment. For every EOS obstacle there is an EOS opportunity. In the highly competitive realm of tech, those who prosper are fearless and agile, extracting value from their failures.
Every once in awhile it’s important to step outside your community echo chamber and tour the rest of the crypto-galaxy to gain perspective. How has life on EOS fared compared to life on those other planets? In a little over a year, more forward-development has happened on EOS than has happened on any other chain. For one, the network has grown in size and speed. Tools continue to be built that minimize the barrier of entry of new users. Proposals have been passed proving governance can work. As of today, the usability of EOS surpasses all other chains. EOS has more daily active users than any other chain and continually gains new users. These real users have led to a chain that has produced a higher number of profitable blockchain applications than most smart-contract platforms combined, and we’re just getting started.
EOS is the chain of opportunity. The ability to instantly and securely exchange tokens for free is a game changer. New dApps are popping up on the protocol every day that leverage blockchain to drive value back to their users. The tide is shifting. No longer are we just rolling dice, we’re now playing to earn with items that become real assets. We’re mining virtual gold with real value. And we are just scratching the surface. A new wave of innovative applications are coming down the pipeline. Emanate, Blankos, and Voice will be here before you know it to onboard the masses and EOS will be ready.
The amount of development currently taking place on EOS and EOSIO chains will give you whiplash. Problems are being attacked from all angles. Different iterations of EOSIO continue to provide solutions for different problems. Interoperability is happening and the connectivity between these chains, as well as chains outside the EOSIO ecosystem is strengthening. Projects like LiquidApps DAPP Network continue to push the boundaries by building bridges and easing friction for developers and new users. Network effects are just beginning to take root.
Life After Death
As we watch some of our favorite BPs get overtaken by those with bigger pockets and different tactics, a potential trend will begin to take shape. Many BPs will remove themselves from the rat race, focusing their energy and talents into developing innovative blockchain applications and solutions that leverage the incredible potential of EOS. Nobody is better suited to help onboard the masses by building on the foundation they poured.
Goodbye BPs, see you soon.
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