FUD... EOS is dead? (Really and that means total crypto market cap of <$100b for 2 years at least!)

Just two weeks ago after the successful 15% vote threshold was reached I wrote that I expected there to be a run on EOS. It had just been so much more difficult to get the network booted by the 21 block producers that it seemed obvious that many investors who have had their tokens locked up would want out.

WELL WELL WELL - It has been a blood bath and for a whole host of reasons and now I'm wondering if EOS can survive even at its current level of $7.8 (1600 26 June 2018). Don't get me wrong I want EOS to flourish Titan is an investor and we are still HODL.

So here are some facts:

1. Bloggers are very negative
2. Block One has sold almost all its Ethereum tokens on exchanges
3. We have the 21 block producers making decisions to freeze accounts (Which I think is a good thing but many don't)
4. We have issues with voting and who gets the share of income
5. The air drops are starting ..slowly
6. Bitcoin has crashed
7. Some block producers are not complying the majority decisions
8. Constitution: point 15 states your EOS tokens will be auctioned off if they are not used after 3 years is causing angst.
9. Are the top 21 BPs working as a cartel?
10. Still only 27% of token owners have voted.
11. ... and that's just 10 negatives....

So the whole market has gone from euphoria to trashing EOS in two weeks. This is classic journalists reactions and it is the normal 'build'em up then bring down' tactics which in the past has always been the money spinner for the press.

So what needs to happen and pretty quickly before EOS is junk and Dan Larimer is metaphorically put on stake and burnt... for all his sins?

So this is what needs to happen...

1. All you investors and all those putting a jab in from the side should take a few moments to understand the underlying technology - yes I know you have know idea what the difference between POW and POS is but just like knowing the difference between a petrol and diesel car you need to know the basics or you will put the wrong fuel in!!
2. All you bloggers and commentators should also start recording a balanced view and start asking decent intelligent questions
3. Block One need to hold a press conference and explain what they are doing , why and give details on their new wallet solution
4. We need to see some investment by Block.one in some new Dapp developers- until we get some Dapps running well in the real world EOS remains dead. If EOS is a real estate then we need some buildings fast!
5. EOS RAM trading and RAM pricing is turning into another diversion and we need more information about this.
6. We need to change the number and payout for block producers before most give up and we have centralised solution that will KILL EOS.

So I reckon EOS has 14 days to get it sorted or EOS will collapse taking most of the market with it. Cap will go to <$100b and it will take 2 years to recover giving the banking industry just enough time to rethink, re-group and ensure they own the whole sweet shop.

Doing nothing is not an option if you want real change.