CEO of Thiel-Backed Block.one Discusses $1 Billion EOS Investment
Sep.27 -- Brendan Blumer, founder and chief executive officer of Block.one, discusses the company's $1 billion investment to foster the expansion of EOS, a computing protocol that competes with the technology behind the Bitcoin and Ethereum blockchains. Block.one, which created the decentralized EOS ecosystem, counts Peter Thiel and Michael Novogratz among its backers. Blumer talks with Nejra Cehic on "Bloomberg Daybreak: Europe."
decentralization is a meme user. to have a real functioning crypto economy, things need to work in a similar way to the way they do now. everyone using this needs to have the assurance that transactions can be canceled and their money won't be lost forever if something goes wrong. decentralization in the way it exists today doesn't allow for this and is this useless as a mechanism of value exchange. these centralized coins are closer to how things need to actually function, as much as you hate it.
