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RE: EOS - State of the constitution
hi @conceptskip
Thx for another EOS update. I wanted to ask you some question.
Lately I've read that "EOS will confiscate your tokens if you HODL for too long". Basically if you keep your EOS for longer than 3 years then you will be robbed by EOS and they will steal all your resources. That's how I understood it.
You mind telling me what is your view on it? It definetly made EOS look really bad.
Obviously upvoted. Cheers mate
Yours
Piotr
This point of the constitution will probably be the object of one of the first referendum in EOS history. We have now 3 years to organize a referendum.
Lets not forget that EOS=Bandwidth+CPU+Processing. These 3 things are needed in order to be able to use the EOS blockchain. What would happen if, lets say 30 % of all the EOS would be sleeping on inactive accounts? That would probably affect the whole ecosystem (and the value of our EOS).
On another side, imagine someone has a great accident and goes into a coma during 4 years, finally wakes up an discover his account was terminated?
All these questions do not have yet any definitive answers. An elected team will be dedicated to manage the sleeping accounts and go into contact with the owners before taking decision.
People must understand EOS is not a bank, which does not mean that an EOS Bank for EOS holders will not exist one day inside the EOS ecosystem.
I wish you a nice day!
Thierry
Thank you Thierry for your comprehensive explanation. As regards the coma, scenario, we should not forget, that 3.1 years of coma is, or maybe someone lost in the jungle is a veeeeery rare event, and offchain you are likely declared dead anyway after such long period of times. I think in such scenarios the heirs can easily claim the funds via arbitration, just like with other assets.
Hi @tsto, @conceptskip
Thank you for this brilliant and amazing reply @tsto! :)
Im very sorry for such a delay with my replies but currently Ive been overwhelmed with amount of work that has been related to my latest contest. I never expected to receive such an amazing support.
Thank you for sharing your view. Just wanted to let you know that finally I had a chance to read your comment. Appreciate your time.
I actually agree with you tsto. I've been thinking about coma or other accidents. What if something happend to me and I will end up in hospital for 1 year and last transaction I did on EOS was 2,5 year ago.
Why @conceptskip would you assume that coma/some tragedy would have to happend only right after your last transaction?
What if you had accident and lost your memory ? What EOS came up with us just wrong and will put off many potential investors.
Enjoy your weekend :)
Yours
Piotr
Hi @crypto.piotr, thanks for your valuable addition, it's a good point you bring up, with your example. The new constitution proposal, which is likely to succeed, will remove that paragraph entirely. Yet I think it would be worthwhile to deal with inactive accounts, maybe bye only renting out their resources until reclaimed.