Censorship in "decentralized" blockchain governance?

Leo Zhang

By Leo Zhang

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?

ECAF ruled to block 27 accounts with no reason given

ECAF ruled to block 27 accounts with no reason given. from r/eos

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