EOS Drama Continues As Heated Exchange With Block Producer Emerges

Avi Rosten

The ongoing drama surrounding the EOS platform’s controversial consensus mechanism took another interesting turn today - as a screenshot apparently showing a conversation with an EOS block producer (BP) has emerged.

Posted as an image on popular subreddit r/cryptocurrency, the screenshot shows a heated Telegram exchange between an EOS block producer, and another unidentified EOS participant - who chastises the BP for failing to freeze some accounts as directed by the EOS Core Arbitration Forum (ECAF):

eos chat.jpg

While the authenticity of the conversation has yet to be confirmed, the post has generated a stir on social media, with popular cypto figure Whalepanda chiming in on Twitter:

As recently covered on CryptoGlobe, this aspect of the EOS governance model has been highly controversial within the crypto community - as many critics have pointed out that the 21 block producers act in principle as a highly centralised concentration of power.

Despite the fact that EOS allows for BPs to be continuously elected, because of the enormous centralisation of the token’s holdings - the system effectively ensures that EOS whales exert a massively disproportionate influence over who is elected (as argued yesterday).

This latest revelation - if legitimate - again seems to underscore the problems associated with a system that places too much power in the hands of individuals.

Not only does it illustrate the problems of a protocol which might fail to punish bad actors, but it also points to a worryingly dystopian form of governance - where a kind of central committee issues diktats, backed up with threats of legal action.

While the future of one of the world’s largest cryptoassets remains unclear for now, it seems reasonable that token holders might start to question the platform’s organisation if instances such as this one continue to emerge.

Crypto-Powered Social Media Platform Voice Announces Beta

  • EOS creator Block.One announced the beta launch for their blockchain-based social media platform Voice.
  • Voice will allow users to earn Voice Tokens to further promote their content. 

Block.one, the company behind the EOSIO software, announced the beta launch date for its new social media platform Voice. 

According to an official update published Dec. 5, the beta for Voice will launch on Feb. 14, 2020. First announced in June, Voice seeks to differentiate itself from the rest of social media platforms by relying upon EOS and blockchain. 

The official update reads, 

Voice: a blockchain-powered social network that rewires the formula in users’ favor—cutting out the opaque one-sided data auctioneering, eliminating the hidden algorithms, and cycling value back into users’ hands in the form of the Voice Token.

Users earn Voice Tokens by engaging on the platform, which the post refers to as “being you, and expressing your voice.” According to the update, users cash in on Voice Tokens in order to draw greater attention to their content, thereby creating a network where “what’s good for the platform is also good for you.”

Voice claims that “tens of thousands” of users have already registered for the beta and that the creators are working with “legislators and regulators” ahead of the launch. 

Featured Image Credit: Photo via Pixabay.com