RE: The Limits of Crypto-Economic Governance (Response to Vitalik's Critique of DPOS)

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The Limits of Crypto-Economic Governance (Response to Vitalik's Critique of DPOS)

in eos •  7 years ago 

Most points are very weak. But this is overall what he's pushing through the Eth maximist community:

  1. Votes being aligned with Stake size: "The flaw in all of this, of course, is that the average voter has only a very small chance of impacting which delegates get selected"

  2. Bribes for Votes: "The delegate slot gives a reward of $100 per period, and candidates promise to share some portion of that as a bribe, equally split among all of their voters." "Now, some candidates will want to secure their position by sharing more; by sharing 2%, you are likely to get twice as many votes as those that share 1%"

  3. Cartels and DPOS in Bitshares: "But it gets worse. At this point, there’s an incentive for delegates to form alliances (aka political parties, aka cartels)" "pooling votes"

  4. No conversations between US EOS community and EOS China: "Since the EOS.IO official Twitter account was founded, there has never been any interaction with the mainland Chinese EOS community" * Block.One has offices in HK. Not sure about contact with mainland.

  5. Identity Issues: "If they get removed from the delegate position via a hard fork, they can simply restart the attack again with a different identity." * Identity verification mechanisms and @account fingerprint solves this

  6. Cryptonomics (economic incentives) VS. EOS Governance "Cryptoeconomics is about trying to reduce social trust assumptions"

  7. Then he rants about Casper lol
    https://www.reddit.com/r/eos/comments/888zk5/list_of_vitaliks_issue_with_dpos_governance_lets/

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I honestly believe the transparency in the crypto-world and blockchain is what makes it stand out above all other financial or economic systems.

I believe EOS-IO is promising future for us all.

Lets hope the devs dont abandon eos like they did steem.

希望不要被少数人控制了