After I wrote my https://steemit.com/eos/@turmericrob/eos-ready-for-liftoff post 10 days ago, two things happened
Firstly, a few hours later - EOS blogged about a lot of new software developments and a coming release just as expected - https://steemit.com/eos/@eosio/the-dawn-of-eos-io - This had a number of announcements and it seemed like the start of something but then, the next day, lots of news starting coming from China about banning ICOs. EOS is in a bit of a difficult spot due to its year long hard coded ICO and huge exposure to the Chinese market. Block.one has responded by restricting Chinese nationals from buying tokens and distancing itself from a leading Chinese proponent of EOS but it is still in a less than ideal position.
Since the Chinese news we have seen this
The starting point was approximately 1.3 and the lowest has been about 0.7 and the Shanghai conference programme now looks a little different with the main speeches from the Block.one guys no longer there.
But is this recent turn of events relevant in the long term? In 9 months time the ICO will be over and a testnet should be around. I also expect various data center owners to be jockeying for position to be block producers and many Dapp developers announcing new planned services on EOS when the mainnet is launched. If it all comes together, EOS is top 3 market cap and heading upwards and nothing from china is going to alter that.
Of course there are plenty of risks - FUD is continually generated about the ICO and the commitment of the block.one team and some comments are reasonable;, EOS is risky but could present good opportunities for developers, data centres and communities of users. Maybe this dawn was false but there-again maybe it was real and we were simply misled by an eclipse.
