A Commentary on Nick Szabo's Criticism of EOS
Nick Szabo is unquestionably one of the most brilliant minds in crypto, and a true pioneer of some concepts that we nowadays take for granted. Given his experience and expertise in everything related to blockchains and smart contracts, he has a special status and his opinions should always be weighted with extra consideration.
In a recent tweet, the cypherpunk has criticized EOS's governance that's based on the trust of a few elites who possess the ability to freeze money. Mr. Szabo's arguments against the cryptocurrency regard social scalability and security.
After having read the thoughtful post, @vladcostea has written an extensive article to develop the arguments and point out what might represent flaws in the EOS governance.
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