EOS Launch Update - Latest Update

aclarkuk82 (51)in #bitcoin • 6 years ago (edited)

Here is the latest:

Status Summary

Launch Decision	No Go
Reason	Security tests on going
Next Call	01:00 UTC 8th June
Next Potential Go Live	13:00 UTC June 8th

Quote from EOS New Yorks Twitter Account

EOS Mainnet Launch Update - 1300 UTC call: the security audit is not finished but no show-stopping bugs have been found. Next joint call at 0100 UTC may yield a “GO” decision. If a “GO” decision is made a joint statement will be drafted and released with instructions. #eoslaunch

The block producers definitely seem a lot more relaxed than in previous days which is a great sign.

Screen Shot 2018-06-07 at 10.38.05.png

Community Frustration

Although it seems the launch is moving slowly, progress is happening, and I for one am very comfortable with the amount of effort put into the validation stage. The alternative is that this process is rushed, the mainnet launch and accounts have missing funds or a significant bug is found with dire consequences.

Here is a post from reddit of a user venting:

Guys, I'm starting to lose faith in this project. It seems really weird that after 4 billion raised, Dan and his team couldn't conduct the proper bug testing needed to launch the main net... it very much feels like Dan turned this project over to the community as a way of escaping the responsibility to deliver on his promises.... this is starting to feel like a scam... It sucks to say it, but I used to be a believer in this project, but now I have serious doubts...

I get it, we are all acting like kids waiting for Christmas, the excitement this project has behind it is huge, but so are the expectations. The real issue here is not testing for bugs, it is making sure that all the accounts within the chain match with the snapshot taken, validating and confirming those accounts takes time. There is also the requirement to install and verify that the constitution and Ricardian contract is in place and is correct.

@dan himself as already stated that thee are no known bugs in the current version of code that will stop a launch but that does not mean you do not test for holes, @dan is still human. @Dan's response to unknown bugs or issues sums it up.

Screen Shot 2018-06-07 at 10.46.57.png

Remember that EOS is the only chain that currently has an arbitration system so you can have your tokens returned if stolen.

#eos #blockchain #cryptocurrency #eoslaunch

6 years ago in #bitcoin by aclarkuk82 (51)

$9.73

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conceptskip (56) 6 years ago

Valuable info! Me too i have been rather on the impatient side, and after the first 48h passed, which was way over any expected ETA for the launch i got a bit worried. But what is a week delay in any it or other technical project, it's just nothing!
Doing to much security tests? After all, there has never been anything similar up, so it's one thing testing the chain in a test-environment and another thing to audit a complete chain, so a few days more are a well invested time.
And maybe we shouldn't be overcautious, but the situation is maybe not unsimilar to security checks on the airport, which are also senseless and a mere hassle, but in the event, that anything goes wrong, you wouldn't want to be in a position where you have to admit, that you didn't try anything possible to prevent the issue. So lets be confident that one or another day wouldn't hurt. I am quite relaxed now.