Thanks for your thoughts. No doubt he is a smart guy. To trust because of past performance or because of perceived intellect is a great example of a halo effect which can lead to irrational decision making based on false premises.
Wondering what in the world he could possibly be thinking regarding using these methods for self governance?
No doubt EOS will make money for investors. I'm addressing the function down the line in this thread. Look where bitcoin has gone, undermined and infiltrated by Clintonites/pedophiles. Pretty sure one of the same people is involved in this project.
I thought @dan's proposition of radical transparency as a solution to bad actors was novel and provoking, even if I wasn't convinced. Now, after considering these other issues, I'm starting to get a sinking feeling.
My worry is that with the entry barrier to BP, if the Novogratz and TopVentures/ Eric Schmidt ventures of the world start dominating the scene..there will be less of a democratic venture here. The most important thing to handle is what payments and returns the BPs should provide to token holders for their votes and support - and how to stop a few conglomerates from dominating the scene. Yes you can vote out a few.. but how many new can you bring in and what cost? How many new political parties can be formed to fight an election and what cost? May be we should rethink this.
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Agreed. That is in line with my original point on EOS. Maybe a hard fork is in order once they release the final code this Summer. Sounds like a worthy project that I'd love to be a part of.
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