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RE: Some Thoughts (and Concerns) About EOS DPOS Block Producer Independence

in #dpos • 6 years ago

I think you're raising a lot of interesting questions. People had some semblance of 'security' when it was default that 'code was god'. That OBVIOUSLY led to problems, as 95% of people aren't devs, and 99% of people aren't blockchain devs. Funds were lost, some livelihoods ruined, and reputations tarnished.

I think the shift to something more forgiving is absoloutely necessary, and despite how much people piss and moan about it, I think that EOS, with it's community and constitution is a step in the right direction (whether it's the be-all and end-all solution? I find that doubtful).

I hadn't thought about the ability to manipulate a token contract after people have signed up for it, and it indeed raises some very concerning questions. I was really excited about the "Virtue Poker" dApp for ETH, precisely because the contract allowed it to be trusted. I worry that this is just going to end up turning into another "terms of service" / "Can't be bothered to read this shit" trap that we're currently living in -- but perhaps people can be motivated to step up their awareness, or better yet -- maybe some institution of actual democracy can be implemented in more of the services that we utilize?

Thanks for sharing, dude.

6 years ago in #dpos by
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     6 years ago 

    You're welcome! Thanks for watching.

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     6 years ago 

    Two follow up questions for you (one related, one not):

    1. Did you participate in helping write the EOS constitution, and / or are there any aspects of it that you might like to see changed / tweaked?
    2. I had previously been dabbling around with the idea of setting up a Steem witness -- mostly out of technical interest mixed with a little bit of wanting to host a node and help support the community.
      I'm curious about setting up an EOS block-producer, and am wondering if it's generally the same system. (I.e -- there are 21 "top" block producers, but there is room for a hundered or so back-up BP's). Are you able to share if that's indeed the case, and if it may be worth it (say from maybe a "yeah you'll sign a few blocks here and there", or a "nah, you'll likely never sign a block, so I probably wouldn't bother" kind of perspective) to set up an EOS BP?
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       6 years ago 
      1. There were many conversations spanning many weeks and months and though I followed it, I wasn't actively involved. I don't have any real concerns with anything there at the moment, though some people freak out about the 3 year thing. @dan discusses that here and makes a good argument for it. I kind of think it was a a mistake to change "Rules of Arbitration of the International Chamber of Commerce" to "Rules of Arbitration of the International Chamber of Commerce" here, but I understand the reasons for it. If it was left as the ICC, then maybe there'd be more demand to get a free market arbitration system running so that things don't fall back to the default mentioned in the constitution. That, I think, would be ideal where every transaction involves pre-agreed arbitration.
      2. EOS is different in that the stand by BPs don't sign any blocks. It's only the top 21. They do this to cut down on the switching and scheduling costs which would make 0.5 second block times too difficult. The standby BPs are supposed to be ready to sign though. That said, if you get voted high enough, you can still earn rewards, but the chances of that are slim given the existing competition, as you can see here: https://eostracker.io/producers
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       6 years ago 

      Thanks for the informative response. I hadn't really dug into the '3 year' rule for maintaining rights to property -- but I definitely like @dan's logic behind putting the onus on the property owner to put in the minimal effort to maintain their rights, rather than resting it on the community. I'd chalk that one up as a big win for the community at large, not because of whatever 'treasures' may get scored, but precisely because it's removing risk off of the communities shoulders, and placing it on individual property owners who must exercise due diligence.

      As far as the naming / wording of the ICC / "EOS Core Arbitration Forum" stuff goes -- I've never been on to read too much in to names and the like -- but I deal pretty extensively with standardized construction contracts. One of the most appreciable parts of them is the "default" dispute resolution steps that must be followed if anything starts to go sideways -- so I think I can appreciate the intent of the system there.

      As far as setting up a BP for EOS -- I don't see myself jumping in any time soon. The competition looks pretty vicious, hahaha.

      But maybe if I start seeing some compelling dApps and the like, I might be interested in setting up a node of some kind.

      Thanks again for the info!

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         6 years ago 

        You're welcome!

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