A Rational Response to the Crypto Twitter EOS Discussion
There has been a lot of drama on "Crypto Twitter" lately regarding EOS and this experiment in on chain governance. Some people don't understand how attempts are being made to protect property but instead think "censorship" is the only lens to view from. In this video, I respond to some tweets from Charlie Shrem, Ferdous ฿hai, WhalePanda, and Nick Szabo. If you want to comment, please watch the video first and run your comment through yourlogicalfallacyis.com first.
Some posts mentioned in the video:
Code can be exploited, have bugs, not do the job correctly, etc. Code is law is silly. That's kind of like saying because my code for my body is such that it allows me to attack things that the fact that I attack and kill things is okay because the code allows it.
Programmers are humans, not omniscient super beings. They can only plan for things they think about. They may not think about exploits. They also are not thinking "Because this doesn't prevent it, it must be acceptable".
There are a lot of things CODE can permit. We have to use some common sense, and community discussion to discourage bad actions. We should NEVER simply fall back on the CODE IS LAW to defend any action. That is reckless, stupid, and potentially evil/malevolent.
As to EOS FUD. It's way too early for FUD as far as I am concerned. I am seriously waiting for a platform like Steemit where I can blog and transact in EOS like we do here. I look forward to that.
"Code is law" is silly but also "Government will save stupid people is silly", BPs superpowers should be activated just in severe situations and with an EXPLICIT reason, not for opaque reasons an disputes between 2 people or bad diligence to store private keys..
If you don't trust the other person you should use multisig.. not a government
Nation state governments have a monopoly on currency creation and violence in a geographic region. This is entirely different.
"Stupid" is a relative term. If we want a free society, shouldn't we ask ourselves, "What responsibility do we have to take care of those who can't take care of themselves?" If you win the genetic lottery for intelligence, and I don't is that just too bad for me? Tough luck, sorry chuck? I think we can do better and the veil of ignorance concept of philosophy suggests we should think carefully about how we create systems to judge who is stupid and who isn't.
Ideally, the technology becomes easy to use with account recovery and more. In many ways, these early challenges relate to the limitations of ETH, not EOS.
Code is not Law.
Code + Intention (Ricardian Contracts x Arbitration) = Law.
Like you've said, unfortunately not everyone can read code reliably and we need elected representatives we trust to look out for our best interests.
Go EOSDAC!
One could also say law = threat of violent force. I'm glad when we say "law" we mean something entirely different. Hurray for a possible non-violent future. :)
@lukestokes
Your opinion on Current Market?
My opinion? It's down.
Luke! Give us more. Watching and listening closely. Thanks.
Thanks for this, @lukestokes!
It's exciting to be part of something as new and innovative as EOS, even just as an investor. My mind is blown by its potential! All these tweets did make me doubt a bit when I saw them last week, so your response to them is very helpful!
Glad yo hear it. :)
I like this. Thank-you! EOS needs people putting these things into a clear and understandable way.
I have written a piece of some of my concerns... it is more philosophy about governance than anything, but I would be interested in your take on it. Check my blog if you have a minute.
Go EOS.
just added my vote (for what it is worth - lol) to your witness campaign too. Keep up the good work!
Thanks! I replied to your post as well.
Very good summary, disarming abridgedarguments. Indeed the governance aspect of EOS is just very unknown even to holders, who came for the 100K tx/s, and feeless structure. And the whole crypto-community (uninformed EOS holders included) are very anti-institutional, but i can imagine a working governance structure will be quite appreciated from a more mainstream audience.
It's surprising to me how angry people are when the governance model hasn't even failed yet. Just wait until block producers and arbitrators screw up! That's when things are going to get really sketchy. Right now people seem to be mostly upset just at the potential possibility of a problem in the future.
ATM I wouldn't go so far to say governance hasn't failed,I have still not heard about arbitration regarding exchanges using the votes of their customers like it seems to have happened at the activation of the mainnet. But with the prevention of the ico scam and freezing of accounts it has proofed it delivers on its most basic principles at the least, which is not bad given the short period of time available.
I agree further outcry is definitely coming, what we need now is a swift uppick of dapps and the overall infrastructure
Thanks for the eosDAC post as well! Its contextually informative for sure.
Great talk, Luke! Very exciting times in the crypto space. EOS' evolution is of great interest to me. Thanks for sharing.
Only hackers and criminals could be against acounts frozen because of hacking. Just look at negative impact of money stolen from different exchanges in the entire history of cryptos