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Shortly after Larimer’s resignation became public, EOS dropped by 18%. At press time, EOS is trading at $2.74 which shows a 30% drop.
Daniel Larimer has announced his resignation from his post as the CTO of EOSIO developers Block.one which he has occupied since April 2017. The newly-resigned CTO posted his resignation to the EOS-backed social media app Voice. Additionally, the technologist, Larimer, is also the founder of the crypto exchange Bitshares.
Daniel Larimer Announces Resignation as CTO of Block.one
On the 10th of January, Larimer announced his resignation as Block. one’s CTO on Voice. In the announcement, Larimer revealed that he resigned from his CTO position on the 31st of December after four years of service.
In addition, he expressed his satisfaction over his achievements during the time he served as the CTO of Block.one. Speaking on plans after resignation, he said:
“I will continue on my mission to create free market, voluntary solutions for securing life, liberty, property, and justice for all. I do not know exactly what is next, but I am leaning toward building more censorship resistant technologies. 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.”
Shortly after Larimer’s resignation became public, EOS dropped by 18%. At press time, EOS has decreased further to $2.74 (-30%).
In a separate announcement on Voice, Larimer announced his boycott of Twitter Inc (NYSE: TWTR). Stating that Twitter’s censorship “has gotten out of control,” the technologist also referred to the social media company as “corrupt.”
Larimer Reacts on Trump’s Permanent Suspension from Twitter
Notably, Larimer’s statement on abandoning Twitter came shortly after the platform banned US president Donald Trump.
On the 8th of January, Twitter permanently suspended US President Donald Trump from its platform. In a blog post, Twitter said the decision to suspend the president’s Twitter account was after a close review of recent tweets from Trump’s Twitter account. Twitter noted that the permanent suspension is due to “risk of further incitement of violence.”
Before now, Trump was earlier banned from accessing his Twitter account for 12 hours on the 6th of January. At the time, Twitter warned that additional violations of Twitter policies would result in more consequences.
Despite being cautioned by Twitter, the president later posted two tweets on the 8th, which led to his permanent suspension. More big techs have also joined Twitter in banning Donald Trump. They include Facebook Inc (NASDAQ: FB), Snapchat, Pinterest Inc (NYSE: PINS), and Reddit.
Apart from Trump, Twitter also banned some prominent Trump supporters on claims that they have violated the platform’s rules. Some of the banned Twitter users are American attorney Sidney Powell and former national security advisor Michael Flynn.