To the question in your title, my Magic 8-Ball says:<blockquote>Yes</blockquote><hr>*Hi! I'm a bot, and this answer was posted automatically. Check [this post out](https://steemit.com/introduceyourself/@magic8ball/introducing-the-magic-8-ball-bot) for more information.*

@lukestokes Thank you for all you do for EOS and eosDAC. I Really am getting Sick of all the FUD that has come out of Bix Weir's Mouth for the Last Few Months !

first time saw you in a video ...you look elder in your profile picture 😋 ....i was considering you in 55🙊

I think the green screen needs to fill the whole frame.
Love the enthusiasm. 
Don't shy away from wealth and power. 
Having them isn't the problem; loving them is the problem. 
As long as your love is for your fellow man, and assuming wealth and power have to land on someone, better it be you than some other schmuck.

All very good points but... This is what I think and it very well could be totally wrong. Just some food for thought

Like bitcoin has many large miners which can control and determine what direction bitcoin goes. Is DPOS the same? Since only a few people running the servers have vote weight. So now 100 people are deciding what 5 million people can do and how they can do it?

BTW I do appreciate all the work and commitment and good you are doing for steem. Thank you

Hi Luke,
What was up with BlockOne picking the 21 block producers.
How was this not Centralization?
thanks mate.

How can they freeze accounts? The top 20 vote on it on-chain?

'.....bit part of it is ignorance..........'
This the case so many times that it's like a self correcting protocol. If you have too much confusion about something than we know that it is time to take a look ate what we are missing. 

You shared in the beginning of the video about your experiences with the different aspects of the blockchain since 2013. Those few times when bitcoin was minted essentially out of nothing, block size debates and how a few individuals were pushing their agendas on it. The time when you watched the live fork of bitcoin and the time when mining  cartels started to gather power and then essentially centralized the bitcoin................. this all reminded me of something very important.

That tells me how new we all are. It is easy to be overwhelmed by the senior people here in the world of blockchain and forget that all of us are still in the process of learning from the past mistakes. Maybe a century later from now there'll be some ironclad protocols refined over a hundred years but now is the time when the mistakes are going to be made and the most intelligent guy in the block would be the one to learn from them. 

Right now we operate in a ecosystem where the onus of taking care of it lies on each and every individual. Just like Steem, where if shortsightedness gets out of hand and value extraction becomes too prevalent than we might see the ethical side of the community take a harsher stand against  this abuse.................. its safe to say that not only the process of governance is evolving but the debate (for the governance) itself is evolving.

The human element is far too complicated for the code to encompass so we have to see a greater degree of human involvement in the process of governance. Probably acknowledging the human intention from the beginning is far more easier in the beginning than to be adopted mid journey and here EOS holds a big advantage. The human element is faulty and subject to greed so a consensus is a must. 

In my understanding the rise of crypto in 2017 is underestimated. It has done far more than just to push the market cap into hundreds of billions of dollars. It has brought into perspective that what kind of power the people in the developer community of the blockchain can hold in the future. 

It is best to bloodied now and take the losses than to be bloodied at the forefront where the level of scrutiny can possibly scare people away. We all can take this time to prepare and improve ourselves. 

Just as example - In last October I entered the market thinking of making dollars and it was after that I learned about the idea of the Distributed Ledger and what it could possibly mean. After that I decided to keep the crypto as my currency, the money that is on the blockchain rather than the fiat.

Just a few months ago my roommate and I were talking about some money troubles that we were having and he reminded me that I can sell some of my Steem for the Euro and make up the rent. The first thought that struck me was the fact that I am here to earn Steem and not Euro, so why would I sell it to buy Euros. 

This mindset was a much improved version of the one that was six months ago. I am still learning, sure it is taking an inordinate amount of time to just absorb one aspect of this evolving system. There is this tiny part of me that is a little afraid of the next bull run. I know for a fact that when the next ATH arrives, hundreds of people will be asking me for advice and I don't want to be the guy to point people in the wrong direction and I definitely don't want to be the fool who bought what he didn't understand.

Until now I have bought first and studied later, but I am trying to change that.

.............. shit this got really long - sorry for that!

I think we are still discovering the pros and cons of the different consensus mechanisms.  The reality is that most are still better than the centralized alternatives of banking and fiat we most use today.  They will continue to rule at our detriment if we do come together more as a community to support trial and errors to learn in the process.  The fact of EOS concentration is clear but how detrimental is it on a protocol that is still being developed and probably has overcapacity due to adoption still being low.  We should not point out the flaws and instead work on the solutions.

Hey Luke thanks for, let me say, teaching about stuff people who're working with crypto should know. I'm really new to this all and you're showing me the easier way of getting knowledge. 
Thank you and I have to say i appreciate your work.

The excitement for the future is real. To be honest I bought into Eos because of the hype and the more and more i learn about it the more Im glad that I did fomo it. Keep up the great work Luke. Don't forget to get some rest though. Lol

Great briefing, Luke. Needs some more research on my part. Thanks for the gentle push in that direction. 😎

Awesome post!  I kept wanting to stop the video so I wouldn't forget all of my comments, but I ended up watching it all the way through.  Your comment at the beginning about Steemit not having a set of rules made me think of Jurassic park and the line about "just because we could we didn't stop to think about if we should". Paraphrased of course.  I am really excited about what EOS is going to bring.  I agree with you too about the block producers being able to freeze accounts not being a bad thing.  Despite what the FUD'ers are trying to put out there, I feel better knowing that someone has my back if something weird happens with my account.  Plus like you said, if you don't like it, vote for a different BP, it is that simple.  I am all about living in the moment, but I also can't wait to look back a year from now and see all of the awesome stuff that has been built on EOS!

Straight dropping knowledge my friend!   Think it may be time to have you on the music and money show again.  Round 2!  Let me know when you are down for it :-)

Well done sir @lukestokes, that's so genius of you.

Great addition to your recording setup.

I must say, that after what you said, I think I'm pretty ignorant indeed, especially on DPOS.

Great video @lukestokes with your explanation on how EOS and Dpos work, and great answers on the comments below about the governance EOS is bringing to the crypto world!

By the way, I wrote a post about EOS finaly appearing on Blocktivity and I mentioned this video you made.
https://steemit.com/eos/@gold84/eos-listed-number-11-on-blocktivity-with-blockchains-with-most-transactions-in-the-world-with-just-a-week-of-its-mainnet-being

Looking forward to your thoughts when you get the chance!

Regards, @gold84

Thanks @lukesokes as I am relatively ignorant on all those subjects mentioned particularly EOS  DPOS.
Appreciate your video :)

Great brainstorm as always! I’m just a bit sad that you didn’t reply whatsoever to my attempt.

Just finished the video and I really liked it! I agree being part of something that has the potential to change the world must be awesome! 

My reply is going to sound like I am blowing my own horn, but bear with me.

I think the fact there is a lot of fud is not surprising, I think we underestimate how difficult it is to understand all the concepts you have been discussing in the video if you are not actually programming the systems day in day out,
Research into crypto and understanding blockchain and how nodes work with all the different governance models that are out there, it takes a lot of time to get your head around this. For most I imagine life is to short.

Even now after watching your video, I struggle to fully understand how DPOS works, my summary would be that instead of POW where all the nodes have a say, D-POS has 21 nodes that hold all power.
If we stop there, it scares me and I can imagine a lot of people and the conclusion would be that this is too much power. 

Obviously that is not all as to diminish the power of these 21 nodes there is a voting system.
What I struggle to see/ understand is how and who(m) has the power to downvote BP or decide that an account should be frozen. An attempt to answer my own question would be: I think everyone is allowed that has a wallet?

If that is the case, how can you trust people to vote on questions or issues they know nothing about, how do you avoid that the 21 nodes don’t collude in such ways there is now way for the public to find out. How did they arrive to the 21 nodes, is that a sacred number that seems to work, will there be more once EOS get’s mass adoption?

Good intent is good, but some people have a different understanding of what good intent means. As a lot of people probably have no clue how the system works they will probably be delegating their votes and this again will cause centralization?

How are fake accounts checked? Could someone create a ton of accounts to manipulate votes?

Now the part where I blow my own horn 😄, my vision for my website is to have one website that has all this data available in one place. A website that gives people an incentive to do research and share found knowledge so that it becomes clear when something is already researched and stop people from doing the same research over and over. Showing only data backed up by trustworthy resources. 
Once it is clear what is factual and clearly understood we can grade crypto assets better on different aspects.
My idea for Https://cryptoowls is exactly that. I would love to hear if you like it or not.