The beauty of blockchain is the ability of individuals to choose their own form of governance. EOS has adopted a new approach that addresses some of the pain points in Ethereum, Bitcoin and others. It's Constitution sets some basic rules, but much is still left to the community.
Great thread about how much EOS depends on a naively drafted "constitution", human-interpreted wet code. As a result EOS will be labor-intensive, permissioned, jurisdictionally biased, and will have poor social scalability.https://twitter.com/panekkkk/status/1001627755736322048 …
1/ Most don't know this but every tx in $EOS must include a hash of the EOS Constitution.
This binds users to the constitution and failure to include it may be grounds for invalidating a tx. 
Here is the most recent draft: https://bit.ly/2IYjqVa
$BTC $ETH
Here is the most recent draft: https://bit.ly/2IYjqVa
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That's the ugliness of utopian drivel, not the beauty of blockchains.
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Free association and free markets are a beautiful thing. If it turns out that code is better off as unassailable law then we will continue to see migration towards truly immutable blockchains. Perfect code is a narrow bullseye to hit, so EOS could well fill an important role.
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It makes sense that supporters of
#cryptocurrencies that ignore governance would criticize attempts to create proper governance structures. Nobody is suggesting the#EOS plan is perfect, but it's intended to be iterative and a fundamentally new experiment. -
Bitcoin has governance. If you want to make a none backwards compatible change you need 100% social consensus. The default is to do nothing. Everything else requires intense and critical peer review. Other governance will introduce security holes and social attack vectors.
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I'm saying
#Bitcoin ignores governance. There is a ton of Bitcoin governance that nobody talks about. Which code people run their wallets on is completely social consensus governed by privately controlled channels like the moderators of /r/Bitcoin and http://bitcoin.org -
Ya and r/Btc and bitcoin dot com and anyone else trying to represent bitcoin. It’s not that governance is being ignored it’s that democracy style governance may not necessarily be the right way of managing a censorship resistant protocol.
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Good point, but the chaos of what you're describing may limit Bitcoin's adoption vs other cryptocurrency projects that provide digestible recommendations from a centralized source. Asking people to decide which Bitcoin is the real Bitcoin leads to fragmentation.
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Centralized cryptocurrencies are gift cards/reward points operating on the most inefficient digital databases ever conceived. I'm sorry to be the first to tell you this Mr. Blockchain CTO
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define centralized cryptocurrency
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One with "digestible recommendations from a centralized source" and/or a mutable ledger. I actually don't see how the former is much different than what you claim is happening in BTC via reddit mods and domain registrants.
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I see the constitution more as a guide for EOS holders deciding on block producers. They will essentially be judge and jury and kick out BPs who fail to act responsibly. Similar to Google's mantra of "Don't be evil". Not really enforceable, but a basis from which to start.
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We don’t have time & knowledge to pick political candidates, why should we extend this to block producers. Life is too complex already
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I'd argue DPOS makes that comparison less relevant. True, our one political vote has very little influence in elections, but EOS is different. The more EOS I have, the more my vote counts. It behooves those with the most at stake to be educated.
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If established then this is the new rent seeking class.
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EOS is not algorithmically decentralized, Nakamoto consensus is. Neither is it human-made decentralized, as 21 super nodes is still a very small number.
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Yea why make 21BPs when 3 pools can control over 50% sounds more decentralized to me.pic.twitter.com/23btwJGtrf
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And the entire electricity grid is controlled by one planet. Super centralized!
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