Block.one is the company that is the creator of the well-known cryptocurrency EOS which is now the fourth largest cryptocurrency with a market capitalization of over $3 million.
The company has recently issued a note via telegram where the Block.one’s CEO Brendan Blummer talks about the platform and the possible new features to come.
In his messages, the CEO fundamentally says that quality takes time and the note is titled like this, he exposes his vision for EOS and also said that they need to expand their team, indeed, the CEO said that one team cannot carry out all the operation and that multiple teams are needed in order to achieve the tremendous objective that is to come with new product, while not having to dislocate the existing team
In his message he stated:
“Great things take time; parallel teams need to be built to deliver new products without sacrificing the progress of existing business units, and that means hiring new people which comes with time limitations that can’t always be shortcut with capital.”
Further, he stated that there has been a lot of rumors among the community saying that there would be new upgrades and new application launches among others that should be available for their platform, Blummer says that in Block.one they do not favor a “short-sighted” policy just to satisfy demand over a short term without bringing any real improvement to the industry and don’t want to release product just for “commercial reasons”, he said:
“The truth is, the EOS community’s justified excitement has led to unrealistic expectations to simultaneously deliver protocol upgrades, introduce revolutionary new mainstream consumer applications, and take responsibility for optimal decentralized governance. As we continue to grow, I as CEO, will not foster short-sighted hype designed to solely satisfy unsustainable expectations. Further and most importantly, I am not supportive of rushing unpolished products out the door for purely commercial reasons.”
He continues further and says that the company could have stayed dormant until the next updates are brought to their platform but this would not benefits his company nor the community, he prefers doing what he considers is his duty that means keeping people informed about every progress made in their platform, he said further:
“It would be easy for me to just go quiet until we release our next product, but communicating consistently with hundreds of thousands of people, while juggling the responsibility of corporate execution is an enormous task that can sometimes feel like trying to satisfy an impossible set of constraints. Remember, money doesn’t immediately solve all problems, and healthy growth of culture and Human Resources takes time and patience, but in the end it will increase the chances that B1 develops in a way that the community is rewarded, and proud of.”