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8627485 No.8627485 [Reply] [Original]

Eos is not decentralized platform, block producers can EDIT dapps and FREEZE accounts. It's literally a hosting service with the 'blockchain' part for hype only. Read this shit:

Freezing Accounts

Sometimes a smart contact behaves in an aberrant or unpredictable manner and fails to perform as intended; other times an application or account may discover an exploit that enables it to consume an unreasonable amount of resources. When such issues inevitably occur, the block producers have the power to rectify such situations.

The block producers on all blockchains have the power to select which transactions are included in blocks which gives them the ability to freeze accounts. A blockchain using EOS.IO software formalizes this authority by subjecting the process of freezing an account to a 15/21 vote of active producers. If the producers abuse the power they can be voted out and an account will be unfrozen.

Changing Account Code

When all else fails and an "unstoppable application" acts in an unpredictable manner, a blockchain using EOS.IO software allows the block producers to replace the account's code without hard forking the entire blockchain. Similar to the process of freezing an account, this replacement of the code requires a 15/21 vote of elected block producers.

https://github.com/EOSIO/Documentation/blob/master/TechnicalWhitePaper.md#freezing-accounts

The 'free transactions' part isn't exactly true - it's seriously overhyped:
The EOS.IO software allows each account to consume a percentage of the available capacity proportional to the amount of tokens held in a 3-day staking contract.

Replacement for ethereum? Think again.

>> No.8627584

>>8627485
Deluded ethfag, nobody needs decentralization, it's a meme like crypto in general

>> No.8627623

>>8627584
Unironically kys

>> No.8627649

im 90% in EOS how fucked am i EOY?

>> No.8627650

>>8627584
Yeah, we don't need decentralization. I mean facebook works just fine being a central entity..

>> No.8627682

Of course it's bullshit. It's crypto we're talking about.

>> No.8627708

>>8627649
The fact that they are still asking for money should tell you all you need to know about how hard and fast this will fall.

>> No.8627745

>>8627623
Salty, I'm going to enjoy seeing eth at $20 after Dan market sells 400k eth during eos' launch :) fuck your pedocoin

>>8627650
It works fine for literally billions. Noone needs "decentralization" except pedophiles and addicts, get a grip

>> No.8627758

>>8627649
They have 3.2b in capital just to invest into projects on the platform, why do you feel fucked?

Ethereum is dead, a flexible fast and free chain is going to win.

The real point to make though is that the arbitration reversal and everything IS ALL MAINTAINED ON CHAIN.

ETH is looking at deleting transactions and contracts if the don't pay "rent" have fun watching shit disappear unless you pay the king

>> No.8627767

>>8627745
They're both Pedocoins. Brock Pierce is holding tons of EOS.

>> No.8627793
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8627793

this is necessary for mass adoption. ETHEREUM'S CO-FOUNDER couldn't write a multisig without fucking up twice, hundreds of millions of dollars got lost forever. You think big money will let a fucking code decide the fate of their money? human intervention is a must. EOS is the real world version of Ethereum.

>> No.8627809

>>8627758
>ETH is looking at deleting transactions and contracts if the don't pay "rent" have fun watching shit disappear unless you pay the king

On EOS you have to freeze it in a contract to keep your storage, it gets deleted otherwise. The difference is that eth retains the hash of your storage so you can resurrect it, on eos it's gone forever.

>> No.8627837

>>8627793
>human intervention is a must.

That's called paying for a server with a mysql database lol

>> No.8627876

>>8627837
nope, we need a good balance of decentralization and human intervention.

>> No.8627896

>>8627793
I've seen this pasta before sanjay

>> No.8627919

>>8627876
There's zero decentralization on eos.
There are no merkle trees for the state so it's going to be impossible to verify execution. You have to trust that nodes execute things correctly and that's it.
It's going to function literally as a weird hosting, except if you rent a server they can't edit your webapp willy-nilly

>> No.8627949
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8627949

let's talk about our lord and savior and the real eth killer

>> No.8627955
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8627955

>>8627919
>merkle trees
kys nerd

>> No.8628330

>>8627708
>asking for money
you mean stacking billions to re-invest in their own platform