“With Change Comes Opportunity,” says Block.one (EOS) CEO on Dan Larimer’s Exit

Larimer ensures that he is not going anywhere and will continue to build more products. EOS was his third project after Bitshares and Steem.

After Bitshares and Steem, Dan Larimer announced his exit from Block.one, the company behind the cryptocurrency EOS. His public statement reads,

“I have worked with Brendan and block.one for the past 4 years, and am proud of the EOSIO software I was able to create and launch with the help of an extremely talented group of engineers. Alas, all good things must come to an end.”

Laimer has resigned from the chief technology officer (CTO) position as of Dec. 31. However, he is not going anywhere and will continue to build “more censorship-resistant technologies.” He said,

“I have come to believe that you cannot provide “liberty as a service” and therefore I will focus my attention on creating tools that people can use to secure their own freedom.”

EOS raised a record $4 billion in its 2017-2018 initial coin offering (ICO) and currently has a $2.6 billion market cap.

The news hit the price of EOS hard, and the downtrend exacerbated with the market-wide dip followed by a correction in Bitcoin’s price. In red by 27%, EOS is trading at $2.74, still down 88% from its 2018 peak.

“It's always sad to see people go, but I’m as excited as ever for our growing teams and the road ahead. With change comes opportunity,” is what Brendan Blumer, CEO of Block.one has to say about Larimer’s departure and “look forward to seeing what he will do next.”

Blumer added: “Work on EOSIO is aggressively moving forward as always. No impact on any of our product plans or initiatives.”

Last month, Blumer announced that they continue to accumulate more Bitcoin, adding to its position of 140,000 BTC, worth nearly $5 billion at current prices.

“B1 is building products designed to leverage our Bitcoin as more than just a store of value… We are in internal testing and alpha stages,” he had said at the time.

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