Serial blockchain entrepreneur Dan Larimer has left Block.one, the corporate that raised $4 billion to construct the software program behind the EOS blockchain.
Larimer, who co-founded the corporate and had served as its chief technical officer since April 2017, announced the move on Block.one’s social community Voice.com on Sunday:
“I’ll proceed on my mission to create free market, voluntary options for securing life, liberty, property, and justice for all. I have no idea precisely what’s subsequent, however I’m leaning towards constructing extra censorship resistant applied sciences.”
He mentioned he left Block.one as of Dec. 31, 2020. The Virgnia-based technologist introduced his boycott of Twitter yesterday, saying its “censorship has gotten uncontrolled,” possible a reference to the corporate’s banning of U.S. President Donald Trump yesterday. He additionally hit out at Apple for its threatened, and since carried out, ban of conservative social media service Parler.
“Voice has an enormous battle forward and might want to adapt if it needs to flee the identical sort of coerced censorship of its customers,” he wrote. “We are able to not depend on these companies. Voice shouldn’t be immune from this censorship stress. We’re getting into darkish instances.”
Block.one confirmed the departure, saying Larimer “left to pursue new private tasks.”
“I’m not alone in being grateful for the contributions Dan has made up to now, and I look ahead to seeing what he’ll do subsequent,” Block.one CEO Brendan Blumer mentioned in a press release.
Larimer based BitShares alongside Charles Hoskinson (a co-founder of Ethereum) in 2013. Larimer later based the Steem blockchain in 2016.
In 2018, Block.one raised over $4 billion within the largest preliminary coin providing (ICO) in historical past. Because of this, the agency is sitting on an enormous reserve of bitcoin. CEO Brendan Blumer not too long ago announced on Twitter, “we have now amassed properly past our beforehand introduced 140,000 #BTC place.”
The worth of EOS fell on the information of Larimer’s departure, dropping to as little as $3.01, earlier than recovering barely to $3.21, down 6.97% over the past 24 hours.
UPDATE (Jan. 10, 15:33 UTC): Provides Block.one response, background, EOS exercise.