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Huobi denied any involvement in the so-called EOS voting and collusion manipulation that emerged last week. The allegation of collusion between block producers EOS (BP) comes immediately after the announcement of the recent resignation of four leaders of Block.one, the parent company of EOS.
Several BP EOS accused of manipulating votes
According to local Chinese media, JinseHuobi has distanced itself from reports of collusion between EOS suppliers. cnLedger in a tweet released on Saturday said that the cryptocurrency trading platform that is also an EOS BP has denied having a quid pro quo deal with other BPs.
On Wednesday, September 26, 2018, a spreadsheet that was disclosed revealed that many BP EOS were participating in a coordinated vote. According to local sources in China, the elaborate voting manipulation seems to concern EOS BP companies based in China.
In claim 1, Huobi votes for 20 other candidates of the BP, where 16 of them also vote for Huobi. As you can see in the image attached to this tweet. pic.twitter.com/VBfFyjWyxU
– Maple Leaf Capital (@MapleLeafCap) September 26, 2018
The Twitter account (@MapleLeafCap) provided a Detailed analysis from the spreadsheet. It shows that Huobi votes for about 20 other partners, 16 of whom return the favor. The analysis also indicates that Huobi voted for three block producers in exchange for a percentage of return.
In claim 1, Huobi votes for 20 other candidates of the BP, where 16 of them also vote for Huobi. As you can see in the image attached to this tweet. pic.twitter.com/VBfFyjWyxU
– Maple Leaf Capital (@MapleLeafCap) September 26, 2018
A lot of noise for nothing
While the evidence presented in the collusion case seems overwhelming, some EOS enthusiasts believe that it does make a lot of noise for nothing. A "chief editor," "eosview," has published a personal analysis of the situation that brings out the turmoil as something other than FUD.
according to eosviewthe fact that Block.one has not yet started voting means that the activities of these so-called manipulators will be useless. Go further, eosview stated that collusion required a lot of money to maintain control by noting:
If there has been collusion, as people suggest, then think about how much money these agents will need to invest to maintain control. The price would certainly continue to increase depending on how much they want to control it.
Meltem Demirors, the director of strategy at Coinshares, commented on the issue in a tweet published Saturday, saying:
the best part of $ EOS does not it matter? investors care about returns, not ideologies.
the policy of decentralization is a joke at best. https://t.co/tFrCUaUdAd
– Meltem Demirors (@Melt_Dem) September 29, 2018
Do not ignore the views of those who say that the question is not relevant, but if it turns out to be the case, would create another scourge for an already well-established reputation. For many critics of the project, the allegations are an indicator of the lack of centralization in its governance framework.
What do you think of reports of alleged collusion and voter manipulation among counselors? Let us know your thoughts in the comment section below.
Images courtesy of Twitter (@MapleLeafCap), Shutterstock
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