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Here’s why you shouldn’t be surprised to learn that EOS had paused its blockchain, or that they chose to freeze some accounts.
There’s a lot to EOS, most of which is very different from what the crypto community has become accustomed to.
It’s important to look at this with an impartial, unemotional perspective and ask the deeper questions so you can get a better understanding of what EOS is all about and what it’s really capable of.
So Much Great info…EOS seems a mixed bag. THEY could take inactive funds after 3 years.. nooooo!
p.s. Years ago #Satoshi sent me some Satoshi's to learn and experiment with. Through feast and famine I have held onto them, and cherished those Satoshi's all these years. I'm glad they won't be taken from me just because I didn't spend them..?
Very good analysis.
It seems to me that all of #EOS strengths are it's weaknesses. People have accused #Bitcoin of being a get rich quick scheme, and a Ponzi scheme. Not true. But it looks like #EOS may be.
Lastly, if people get unspent coins after 3 years, then assassins will be making a killing..?
The road to hell is paved with good intentions..??
Nice review-criticism. Centralization is not totally bad & 21 controllers r still better than the 5 (official) nations that can use/increase/developed nukes. EOS is still young (< 1.0 yr old) but big (> $3B). We should give it time-space to grow & praise-review-criticise where-when necessary. ☺
Thank you for presenting an even minded and objective number of points on eos. I hold some and am happy to… however i was unaware of many of the things you said.
Blah, blah, blah — some good points, though a little one sided for example: bitcoin and ethereum and actually quite centralized in miners concentration — but anyway who cares — ONCE EOS gets the killer DAP on its block chain it will be game over. Most people don't care as much about decentralization as people that have been in the space a long time do. When the masses come they will come to the place that is the easiest to use, has no transaction costs, has safe guards that if you make a mistake you do not lose all your tokens, and HAS THE KILLER DAP THEY WANT. Also, it is outside the space of big government (and you can vote immediately if you do not like block chain BP) — do not under estimate the power of masses to come together. I hold bitcoin, EOS, ethereum & ethereum classic. Who knows who will win and you know we can have more than one block chain too. Use the one you like the best, this one is less decentralized if that doesn't bother you than use it, if you don't like it — USE ANOTHER ONE, who cares.
great objective content, distractingly beautiful human
I think eos is one of the best platforms there is and more decentralized than a miner community like btc or eth. Dan larimer is a genius and helps to make the blockchain better with his innovating new inventions. freeze a account when they are not using it for 3 years is bullshit ! eos really needs to solve this, the only one who should have control over the account is that one person with the private key !
hi mam can you make a video about CREDITS platform thanks
21 Block producers makes EOS the most decentralised Crypto for e.g. BTC & ETH have 3 mining pools that control up to 49% to 51% of the network. You do the math…
Thank you for this miss tips!!! Even if you would piss the whole world off!!!!! Because i didn’t know this and its people like you who can make this clear to us. I wanted to invest but not annymore???. I want to be in charge of my money. Again thank you and please keep revealing these kind of info. Have a great day xx
well said
Eos is more decentralised than bitcoin and etherium when you consider mining pools. Also bitcoin core and Vitalic Buterin have 100% of the day what happens with their projects, that is centralised power, block one 10% community participant. There was no downtime for daps when the chain paused. The mud being thrown at eos looks a lot like jealousy because the criticisms don't stand up. Developers become overnight multi millionaires when they airdrops and then need eos for ram creating scarcity. That means lots of free money for holders of what will become a not well supplied. Arbitration is necessary for mainstream adoption, my granny doesn't care about buzzwords like decentralisation and immutability criticisms coming from jealous competitors she wants protection from hackers. I predict cardano after all the peer reviews will launch with bugs, no such thing as perfect code. Few points there
You say only 21 block producers, they changes all day every day, look at eosleaderboards dot com, not 21 block producers, there are many backup block producers that cycle
😉
good video
Gonna bookmark this video and get back to you when EOS is over $100 a token…. see you in a few months 😉 Look for a post that starts with …. . $100
that's true, the last point of taking away your funds if you don't make transaction is acting against the fundaments of property rights.
Keep an eye for NEBULAS! It will blow eos like its nothing
These Eos fanboy will defend there fail investment. Fell for the hype, thinking it's another ethereum get rich coin cause they missed ethereum. EOS had no working product with so much hype, now with one, is a effin fail lol. The fools will invest and pump this coin. This is one of my pump and dump coin ??.
i'm in love 🙂 my queen goddes of crypto
Yes I was saved , my EOS account was frozen. I am sooooooooooooooo glad. Nobody ask the people whose accounts were frozen if there was any foul. The constitution can change.
TLDR: I totally agree that 21 block producers is soooo small number that should be increased substantially. Other than that I have no concerns at all. 🙂
Look at Dan Larimers face?does that look like someone You would trust alone around Your kids?He said He worked w/Satoshi in early days–Really Dan?have pictures of Him?haha….fuckin creepazoid
3 gigantic mining pools are the essence of decentralization, yes lady BTC and ETH are decentralization paradises, and what's with the constant smile, grin? Akwaaaard.
I’m in Bali but just watched your video just now so I’ve missed it unfortunately. That would have been good ! Hope it went well ?
Wow I’m not trying to be cruel here but almost every point is poorly researched and misses the point. At least make a video where you’ve read up about the network rather than just regurgitating incorrect FUD. Sad as misses so many points and obviously this king of ignorance hurts many good projects.
Bitcoin and Etherium are controlled by only a few big mining pools!