As it has come to light the 15% limit required to activate the chain has been only achieved by one benevolent yet still bad acting exchange, that used their clients tokens to vote, moreover exchanges even use those tokens to vote in themselves, over to BlockyMcBlockFace-type bps like EosFlyToMars that for days have been collecting block rewards in violence to any BP agreement on disclosure.
Now try it out yourself and go to the EOSGov Telegram channel, to hear most elaborate sophistry why all those apparent constitution breaches are not eligible for arbitration, and why this still is an emergent crypto-nation and not a banana republic from the very beginning.
A personal favourite: The constitution would only allow for restitution, and may not act punitive.
I always wondered, how they intended to accomplish this, as banalities like arbitration etc. weren't even mentioned in their original posts.
Now after some back and forth, the 21 block producers decided to freeze some of the accounts of which apparent illigetimate unstaking had already begun.
The gullible token holder like me, might think: of course all those things happen in line with a ruling to an arbitration case, because that's what the EOS constiution and bp agreement says, right, they wont do it just like that?
https://steemit.com/eos/@eosnewyork/an-explanation-of-the-emergency-actions-taken-on-17-june-2018
As much as i respect the professionality and tactical elegance shown by the guys of @eosnewyork in that case, i am not entirely sure if their justification holds ground, because if you look on the ECAF page, there is quite a different statement:
https://eoscorearbitration.io/file-a-claim/
Well if this is related to the current case, the message is quite different, and has nothing to do with the interim nature of the consitution (which honestly is beyond ridiculous, can anybody accept that?).
What they say is, that they can only rule on events on the EOS blockchain and not an Ethereum smart contract, that the ICO scam was based on.
Whereas this is still not satisfactory for the scammed holders, it has much more formal ground then the first one.
Meanwhile the ECAF announced they will provide an official statement by 23:00 UTC
So let's see what their reasoning is, but it seems likely that those unfortunate holders will loose their tokens. Not a good start for a blockchain that promised to prevent just that.
I wonder if this will finally hit the crypto public and what their reaction will be, after the have been blowing up the technical hiccups. Maybe they won't care, because to most code is still law, and they wont realize the botched start of EOS governance.
https://steemit.com/eos/@genereos/first-eos-arbitration-order