Hi all!
It started so well. Eventually, on 09 April 2018 EOS began to take off. It was the return of optimism. Finally, it seemed, the months-long price depression was broken. Headlines and forum posts placed EOS in the role of a revolutionary savior, replacing Ethereum, Steem, and many other currencies.
June 2018, was the date for the alleged Götterdämmerung at the EOS online and should take over the rule.
A week later - last weekend - the realization that the 'god' does not have enough power to hatch from his egg apparently matured.
The result can be seen here:
Market:
Source: https://coinmarketcap.com/charts/
EOS:
Source: https://coinmarketcap.com/currencies/eos/
Technically, the EOS Blockchain is started, but unfortunately it is not. Unlike Bitcoin, for example, new blocks of the EOS blockchain are not created by Miner. It is much more so that within the network is tuned which EOS-stake creates the next block. This vote is currently not working. First problem might be, that some EOS-holder are just keeping their tokens for trading and are not interested in voting. Secondly, it is currently limited or even not possible to participate in the vote if the EOS stock is in an Exchange account.
Has EOS failed because of this, as market development suggests? I do not think so. Of course you can see the current development as a setback. One should, however, recognize that the subject matter has been communicated quite openly by block.one and postponed does not necessarily mean canceled. Despite all disappointments.
Your JP