EOS Token Holders Have No Power And All The Power
Support the stream: https://streamlabs.com/thecryptoverse Today we continue the conversation I started yesterday. I’m not going over that again, the intention for this episode is to move the conversation forward. Thanks to all the input I got, I am much clearer. Special thanks to EOS New York, Colin Talks Crypto and The Awakenment
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podcast style is also very good ... thanks CC
Thank you, Chris. Excellent summary. I had watched Kyle's video about the proposal that he thought we be put into action but, didn't grasp from it why it was going to be. You cleared it up for me.
Great follow up and explanation, thank you, Chris! I think the 90 day open referendum idea.
Comforting that you received such a clear answer. I would like to think that at least indirectly you have also reminded those providing the answers as to the importance of good communication being given consistently about any graphics/data/information shared with the community. I don't care to understand all of the details, but I greatly care that someone I trust is following and confirming that the messages being delivered are clear, comprehensive, relevant and on point.
EOS voting within democratic process reminded me of our UK Parliamentary democracy. Analogy and comparison to the EU Membership Referendum and issues of passing through parliament is uncanny .
BP are the MPs. Token holders are the public ( voters). Referendum voted, is will of token holders, but may not be honoured as the BP dont agree (exactly happening in Parliament for Brexit arrangement). However some say , Public werent told consequence of Brexit before original referendum. so MP must educate the public i.e BP need to educate Token holders , in similar matters on EOS.
I like the concept of liquid democracy, let's keep an eye on the application of it on EOS.
Great explanation. Did not realise the 15% of token votes was not actually a requirement.
Excellent follow up. Thanks.
Great Video!
EOS is a quite powerful token.