Ian Grigg Explains the Message-Based Architecture of EOS

in #eos3 years ago

Ian Grigg was interviewed at #cryptofinance in London today.

He explains how EOS has already been testing at 50,000 transactions per second.

Then he goes into the message-based versus state-based blockchain approach of EOS.

Further he explains the EOS idea of blockchain governance to avoid problems like Bitcoin is presently going through with the SegWit controversy.

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The future looks promising for EOS, doesn't it ? :)

I still do not belief in EOS ...
my main points of consern are:
There is much discussion going around that EOS is a scam. This is down to two key points:

  1. The purchase agreement (https://eos.io/purchaseagreement/EOS%20Token%20Purchase%20Agreement%20-%20June%2022,%202017.pdf), which states that EOS tokens have “No purpose”:
  • EOS TOKENS HAVE NO RIGHTS, USES OR ATTRIBUTES. The EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the EOS Platform. Company does not guarantee and is not representing in any way to Buyer that the EOS Tokens have any rights, uses, purpose, attributes, functionalities or features.

  • NOT A PURCHASE OF EOS PLATFORM TOKENS. EOS Tokens purchased under this Agreement are not tokens on the EOS Platform. Buyer acknowledges, understands and agrees that Buyer should not expect and there is no guarantee or representation made by Company that Buyer will receive any other product, service, rights, attributes, functionalities, features or assets of any kind whatsoever, including, without limitation, any cryptographic tokens or digital assets now or in the future whether through receipt, exchange, conversion, redemption or otherwise.

  • PURCHASE OF EOS TOKENS ARE NON-REFUNDABLE AND PURCHASES CANNOT BE CANCELLED. BUYER MAY LOSE ALL AMOUNTS PAID.

  • EOS TOKENS MAY HAVE NO VALUE.

  • COMPANY RESERVES THE RIGHT TO REFUSE OR CANCEL EOS TOKEN PURCHASE REQUESTS AT ANY TIME IN ITS SOLE DISCRETION.
    As such, there does not appear to be a set in stone definition of what the exact function of each token has – if any - on the EOS platform.

  1. A contradiction that has arisen from the fact that the EOS ICO was aggressively advertised in the U.S., even though the Purchase Agreement prohibits American residents from buying tokens

 No U.S. Buyers. The EOS Tokens are not being offered to U.S. persons. U.S. persons are strictly prohibited and restricted from using the EOS Distribution Contract, using the EOS Token Contact and/or purchasing EOS Tokens and Company is not soliciting purchases by U.S. persons in any way. If a U.S. person uses the EOS Distribution Contract, uses the EOS Token Contract and/or purchases EOS Tokens, such person has done so and entered into this Agreement on an unlawful, unauthorized and fraudulent basis and this Agreement is null and void.

Here's another reason to question EOS, but definitely not the reason most crypto-investors would expect.

Were you expecting them to say; dear big brother, here we are coming to rock the financial system as is, change the power balance of the world, so please come detain us before we build the fucking software

You are spot on there brother the USSA is the biggest socialist regime that still exists today and they are living in the cold war era...even their political mentality and attitude. This is why they create hostile legislation towards Bitcoin. Yet many countries are setting up their regulations to promote and even propose innovations to make way for all the blockchain technologies starting with Bitcoin.

Thanks! That's interesting!

I hope people still hold onto EOS, yes this is a coin with alot of potential!

liked and followed :)