In EOS a few complete strangers can freeze what users thought was their money. Under the EOS protocol you must trust a "constitutional" organization comprised of people you will likely never get to know. The EOS "constitution" is socially unscalable and a security hole.https://twitter.com/andimule/status/1008689616130633729 …
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Nick nails it. In fact, even if you do know those people it doesn't prevent them from freezing your money. What is the difference to the current system of central and commercial banks?
The difference is that banks have hundreds of years of experience and know vastly more about how to do permissioned finance than these utopian hyperconfidence artists.
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I would argue that this experience of the banks is rather something to be held against them as they have shown quite a stubbornness to stick with the past. I would follow the incentive, no matter who the elected is, if the incentive is towards the common good, that's what I trust
Thanks. Twitter will use this to make your timeline better. UndoUndo
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The banks have excelled at lending inflationary fiat, that's for sure
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Good point! :D
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