EOS security relies on bitfinex

[Anonymous No.9865336]

EOS=bitfinex coin
Given how few people turn out to vote, one big exchange that votes can instantly take over the chain by electing BPs they control
(they are not _supposed_ to vote because that breaks eos constitution).
When analyzing security only the weakest point required to obtain full control matters. Ie. if your door is made of wood it doesn't matter how good your titanium padlock is.

Yes, bitfinex is not going to attack the chain, but what if they are hacked? Bitfinex was hacked at least once already, they lost 120k BTC two years ago.

EOS is the first crypto platform that effectively relies on security of just one exchange. If a hack happens the attackers can do literally everything, as EOS is fully mutable. This includes changing the state of any dapp with potentially irreversible external effects. In other words, EOS is fully centralized to just one entity.

[Anonymous No.9865456]

>>9865336
Huh, no shit