EOS Foundation CEO: ‘EOS as It Stands Is a Failure’

EOS Foundation CEO: ‘EOS as It Stands Is a Failure’
At a virtual event on Wednesday, EOS Foundation CEO Yves La Rose claimed that “EOS as it stands is a failure,” according to a transcript of prepared remarks viewed by CoinDesk.In the speech, Rose weighed in on the past and future of the EOS blockchain protocol, saying that the project’s native currency, EOS, has been “a terrible investment.”The speech places much of the blame on backer and former developer Block.one, and says that the EOS Foundation is set to step up as the project can “no longer rely on” the Virginia-based software company for guidance.The remarks also lay out a…