Source
r/eos•
fcecin

What Block one should do with the billions

MiscellanEOS

1 - Own all of Crypto UBI

Make a massive investment in the GoodDollar project (https://www.gooddollar.org).

Have them move it to EOS.

Put a billion dollars in the GoodStaking contract, so that you have a billion dollars generating interest into a permanent, world-wide UBI. On EOS.

Own the definitive cryptocurrency implementation of the Universal Basic Income concept. The Bitcoin of UBI. On EOS.

2 - Own the best scaling solution

They should also buy Cartesi (https://cartesi.io) to scale EOS since they aren't (or even if they are) going to invest in sharding the mainnet. This one is more difficult to explain, but if Block one is interested I can explain both projects to them.

Posted Jan 5, 2021, 8:38 AM UTC

411
cryptomorpheus•

Why the flying fuck would block one buy eos with their stash?

2
fcecinOP•

Reading comprehension is scarce in this forum

3
Slapbox•

Really depends on whether they plan to boost the value of EOS tokens.

0
[deleted]•

[removed]

1
Wegie•

Companies buy back their own stock all the time. It’s a way to reduce overall shares floating and increase scarcity of the shares. Also a good investment if the company believes their shares are undervalued. Obviously B1 isn’t interested in rewarding investors OR think the token is undervalued

1
Memec0in•

The EOS token is not a share in a company. It's a utility token. B1 was pretty clear on that point.

1
Wegie•

No shit. Point is if they wanted to take action to reward investors and help appreciate the token they COULD

1
Memec0in•

Then they have to deal with the SEC. It's not in their best interest. The EOS token price is irrelevant to them. They're already some of the biggest whales in crypto.

2
fcecinOP•

What the fuck are you guys smoking and can I have some of it

1
sh0t•

Buybacks are usually done to offset employee stock compensation

1
summertime_taco•

You got rug pulled. Money is gone.

1