Censorship in "decentralized" blockchain governance?
In EOS founder Dan Larimer's manifesto entitled "Decentralized Blockchain Governance," he describes principles enshrined in the "EOS consitution" and explains how they differ from the principles underlying Bitcoin and Ethereum:
EOS is taking a new approach to solving the problems with centralized governments that doesn’t throw the baby out with the bathwater. In this case, the baby is civilized dispute resolution among consenting adults along with the broader concept of peer to peer community enforced contracting.
Interestingly, the authorities in the EOS ecosystem are actually capable of instructing Block Producers to censor accounts, "with logic and reasoning to be provided later" (see Reddit thread below). A core characteristic that makes cryptocurrency system potentially good storage-of-value candidate is censorship-resistance. If certain parties in the network can seize other members' account for no specific reason, is it still a secure blockchain for securing wealth?
EOS freezes 27 accounts, with "logic and reasoning to be provided later."— Emin Gün Sirer (@el33th4xor) June 22, 2018
This is like watching a bunch of grown-ups who skipped out on civics classes in high school slowly rediscover law and due process the hard way. https://t.co/xifHoCKF9J
Coins received from staking should be treated the same as coins received from mining. You should recognize income equal to the fair market value of the coins on the day you receive them. That income then becomes your basis and your holding period begins when you receive the coins— Crypto Tax Girl (@CryptoTaxGirl) June 22, 2018
"Hickey found a way around that. He explained that when an iPhone or iPad is plugged in and a would-be-hacker sends keyboard inputs, it triggers an interrupt request, which takes priority over anything else on the device."
News & Commentary
1/ Many of the SV / SF / VC / HF think ETH or another smart contract platform will win because “more people are building apps on it.”— Murad Mahmudov 🚀 (@MustStopMurad) June 21, 2018
One year ago today, one bitcoin was worth ~$2700. If I had told you then that in 1 year one bitcoin would be worth $6000 you'd be psyched.— Matt Khoury (@MEKhoko) June 22, 2018
If I told you one bitcoin would be worth $6000 and people would be in despair you'd laugh.
Recency bias is psychologically powerful.
...and Bitcoin just posted a new ATH in hashrate.— Civ Ekonom (@CivEkonom) June 22, 2018
Its like its saying..."I dont care" 😆 pic.twitter.com/9sZptk9p3t
let the wave of crypto M&A begin! this week:— Meltem Demirors (@Melt_Dem) June 21, 2018
- @StellarOrg buys VC darling and enterprise #blockchain co @chain by selling $70 million of their own token $XLM
- @Tronfoundation buys open-source software and P2P networking darling @BitTorrent by selling $120M of $TRX
"Law enforcement officials generally need a warrant to get mobile-phone tower records that show someone’s location over an extended period, the U.S. Supreme Court ruled in a decision that bolsters digital privacy rights."