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RE: The EOS Mainnet Launch: A New Dawn
How do you address the growing concerns regarding possible centralization of authority in the long run, vote buying, and suffering from 51% attack?
How do you address the growing concerns regarding possible centralization of authority in the long run, vote buying, and suffering from 51% attack?
You do of course realize that .03% of the ERC-20 addresses own 83.3% of the total ether.
Also realize that anyone else could have invested in, and acquired a large stake in EOS. Afterall, they did have an entire year to purchase them. Have you seen my EOS article I wrote? If you just google EOS and steemit, it will pop right up.
I like EOS. Yes, I do have a few. But forget about my bag. I'm not in it for the profit. I'm in it for the promised tech. But let's face the truth of the matter here. Dodging reality will not make this project any superior than the rest.
Take a look at this. Weiss Crypto Currency Ratings just recently downgraded EOS into "B-" classification for the same known centralization concern.
From this current standpoint, it's kind of clear now: EOS is centralizing everything in a noble attempt to decentralized everything. How irony is that?
I think you are assuming an ambiguous classification here, I believe: "centralizing everything".
But anyway, what is your concern towards the community?
And yes, things nowadays might need some sort of control to survive the first steps and that usually relates to centralization. But that does not mean it is the end-goal... and sometimes it's a necessary mean if you work worldwide with potential "non-serious" people in the development of a global joint effort.
So, I think it all depends on the end-goal. And due to "maturation" of the cryptocurrency market, EOS is probably targeting a different set of people initially when compared with others projects, certainly because their experience has told them where the benefit for development strategy is. Either way, what I will be looking into, is the end result. Of which I think is still too soon to evaluate if it has been reached. But is what I am interested to see where it goes.
PS.: I prefer personal opinions than these kinds of ratings like Weiss one, to be honest. I know where philosophically it ends...
I do not have any concerns towards the EOS community, be it personal or whatever. My concern is not about the way token was distributed during the crowd sale. In fact, that's probably the best thing that has ever happened in the ICO sphere.
I have been a vocal supporter of EOS since day one I came across the project last October 2017. My concern is the consensus mechanism underlying the powerful tech. I didn't care much about this shit before but now it's a matter of public criticism.
The main hype around DLT projects is the promise of liberating people from central authority governing over their data. Here comes first and second generation of blockchain tech. But it's not enough in terms of scalability. So we invented EOS dubbed as the most powerful blockchain infrastructure. But the trade-off is you lose the essence of decentralization.
If that is the case, how is it any different from the incumbent centralized platforms then? Google could simply create their own token without needing to run on a blockchain and have people use their apps and services smoothly and efficiently without bottlenecks whatsoever.
If you could just address the concerns raised by the Weiss rating agency, that would be great.
I do no wish to address his concerns... sorry. I prefer to learn from him and understand what I can do better in my power.
His concerns are no better than yours! So, I would prefer to ear from you personally. Even if you say they are the same. That's a basic form of decentralized knowledge to me.
And thanks for being transparent about your justified "beliefs". I respectfully do not agree to the full extent. But this is why we share our ideals, right? To negotiate a possible path to consensus.
I think the hype is just a part of everyone else's similar stuff. So, I only use it for my own indulgence and fun. And I wish to never bring community my values on that.
EOS is a big project...
An awesome project! Or just like you (if I may), I wish understand more and to bring more of what I believe in.
But liberation is never the solstice of your own vocation. So, you need to diversify, adapt, and understand the rules of power. That's why (in my view) the power we all so wish to be free and decentralized, does not initially!
By by all means, if you can bring more than 14 billion with those ideals, in 365 days, go for it... I will BE your investor! =)
I am on the same train mate...
Just trying to bring more value is not enough anymore. The society is greater than that! I sense I need to sacrifice all the way to make something happen. And that makes me feel just like a supporter. Not like a developer like many are doing... sacrificing much. So, for me, yes this is fun, I will fight for it. But never compete with power! Not because I WOULD WISH not... but because that would destroy the essence of my life.
And survival is the most truthful skill human kind has...
PS.: Google or any other "of the kind" enterprise company could potentially never survive if not to the thanks of people that brought code into the free world! Otherwise, they will never be ahead of "others".
Ideas when kept controlled are never revolutionary! You have a ton of examples since the rise of The Pyramids.
=)
hi dear @extrospect i hope you are well
but i am not well because i lost my old ID
for a myself mistake.
so help me help me help me.