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Dan Larimer's EOS functions very similar to Libra, with Delegated Proof of Stake. EOS' DPOS encountered much of the same criticisms around centralization when i
by rolltiide 7y ago
Dan Larimer's EOS functions very similar to Libra, with Delegated Proof of Stake. EOS' DPOS encountered much of the same criticisms around centralization when it was launched, but many people swear by it just because it is good enough. Delegates ("block producers") do reverse transactions on EOS and they consider it a feature. EOS is not immutable, but it does have faster transaction capacity than incumbent chains like Ethereum and Bitcoin.
If Dan Larimer had launched Libra instead of Zuckerberg even with the same corporate block producers, a lot of the crypto community would be loving it. Governments would have ignored it.
This is all about the messenger itself. Zuckerberg deciding to crucify himself and be the focus of society's disdain.
Nice to see the state's monopoly on money evaporating overnight. Its not about whether this iteration would be better for society, its more about the competition existing.
- 1in21m 7y agoEOS = centralized premined scam.
- deleted 7y ago[deleted]