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Some Thoughts (and Concerns) About EOS DPOS Block Producer Independence by lukestokes

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· @lukestokes ·
$157.98
Some Thoughts (and Concerns) About EOS DPOS Block Producer Independence
<iframe width="560" height="315" src="https://www.youtube.com/embed/XjiXjMSPnBs" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe>

In this video I'm discussing my personal views on DPOS (within the EOS community) and why it's important for block producers to remain independent. I think the community, via market forces to solve real problems, should lead the way when it comes to proposals and improvements with independent block producers getting involved to support the community efforts.

I also touch on an important topic I don't think is being discussed enough related to who controls the private key of a token contract (or any contract) on EOS and how much power that person has. Unlike other blockchains, EOS allows contracts to be modified while the chain is running, so multisig control of token contracts is going to be really important. Just like we have to trust the human beings make code changes to reference clients and mining software, we have to trust those who roll out code changes to smart contracts.

<h2>Relevant Links</h2>

* <a href="https://steemit.com/eos/@lukestokes/are-you-ignorant-about-eos-steem-and-dpos">Are You Ignorant About EOS, STEEM, and DPOS?</a>
* <a href="https://steemit.com/eos/@lukestokes/a-rational-response-to-the-crypto-twitter-eos-discussion">A Rational Response to the Crypto Twitter EOS Discussion</a>
* <a href="https://medium.com/@bytemaster/decentralized-blockchain-governance-743f0273bf5a">Decentralized Blockchain Governance</a>
* <a href="https://steemit.com/dpos/@dantheman/dpos-consensus-algorithm-this-missing-white-paper">DPOS Consensus Algorithm - The Missing White Paper</a>

-----

<img src="https://steemitimages.com/DQmR3hhPtgcqhNDZyArucp2dZv2pG62WDKiWam8jrppCXNB/on_a_log_cropped.png">

<p>
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    <em><a href="https://steemit.com/introduceyourself/@lukestokes/my-name-is-luke-let-s-create-the-world-we-want-to-live-in">Luke Stokes</a> is a father, <a href="https://steemit.com/@corinnestokes">husband</a>, programmer, STEEM witness, <a href="https://steemit.com/eosdac/@lukestokes/a-big-step-towards-our-decentralized-future-i-ve-joined-the-eosdac-launch-team">DAC launcher</a>, and voluntaryist who wants to help create a world we all want to live in. Learn about cryptocurrency at <a href="http://understandingblockchainfreedom.com/">UnderstandingBlockchainFreedom.com</a></em>
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@a-a-a ·
# Upvote/Resteem: https://steemit.com/news/@bible.com/6h36cq
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@karthi66 ·
I'm interested to read like this topic. Thank for a chance of giving me to read a wonderful information.
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@daysiselena ·
Very good information Thank you
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@vanemilano ·
Your point of view is interesnet
> I think the community, via market forces to solve real problems, should lead the way when it comes to proposals and improvements with independent block producers getting involved to support the community efforts.

it is always good that the community helps people who want to emerge, the obstacles on this subject must be left behind
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@nirob-islam ·
I'm interested to read like this topic about Some Thoughts (and Concerns) About EOS DPOS Block Producer Independence
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@valeria22 ·
hola gracias por compartir me encanto..
πŸ‘Ž  
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vote details (1)
@skreza ·
$0.02
EOS will end up into a shitcoin or get dominated by a bunch of assholes just like Bitshares and Steem. As a programmer @dan is a genius but as a leader he is just an idiotic nerd with no sense of the real world..
πŸ‘  
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@lukestokes ·
$0.03
Hahah. Well, certainly no one can fault you for being overly optimistic. :)

Want to make a friendly bet? Maybe in 1 year's time based on an agreed upon metric that you decide (dapp user adoption, etc) for both EOS and STEEM?
πŸ‘  
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@newageinv ·
Onchain solutions is definitely the best approach as it provides the security and transparency that the community would appreciate to ensure that those voting members are accountable for their actions.  It also allows for community participation which is imperative for any project needing the community to create the proper ecosystem for the protocol like Dapps.
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@lukestokes ·
On chain clarity sure seems better to me than off chain... something somethings.
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@hashcash ·
$0.39
Full points to you guys on making this process as transparent as possible and to you personally for making it clear that you guys are working with multiSig to address the concerns. 
A lot of folks probably knew the deal when they got into (tokens being modified in RT) but there is always benefit in keeping the issue out there for the people to see because people miss things all that time and then when they realize what he actual thing is they tend to start blaming others. In that manner the transparency not only increases the trust but kinds of distributes the liability evenly amongst the involved parties.

As I was also saying a couple of days ago on your response to 'twitter EOS discussion' that the introduction of human element is scary an probably a little 'fear' might actually be a good thing. In the end it is an experiment - we are all trying new things and seeing if they work or not.
πŸ‘  
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@lukestokes ·
Yes, I'd say humility over fear, but yes, we do need to be very cautious and concerned with all forms of power.
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@hashcash ·
If I may ask another question while I have your attention. I remember seeing a really great interview of yours a while back where you talked about that there were some tentative plans of putting a upper threshold on the SBD to dollar peg. Now that the prices of SBD are at one dollar range, will we be seeing some measures to enforce the upper threshold of the peg?
πŸ‘  
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vote details (1)
@demotruk ·
$0.46
That private key can be a 'dead'\* key, correct? So if you wanted to have 'Code is Law' style contracts which can't be modified by anyone, you could do that. You could even take a contract which has matured over the years, duplicate it with a dead key and be confident both that it's a well tested and understood contract, and that nobody can usurp it in any way.

\* provably unowned, like 0x111111... or whatever the format is in EOS
πŸ‘  ,
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@lukestokes ·
Yes! Excellent point.
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@jza ·
Hey Luke, I need to learn some stuff that has happened with EOS, are you more technical?
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@cryptoowls ·
Hi Luke,
I was wondering if you could take a look at my website which uses steemit to write benchmarks, https://cryptoowls.com. New ranking website based on 20+ properties. I am trying to promote, but things move slowly! Any help is appreciated.
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@mstafford ·
$0.40
I think you're raising a lot of interesting questions. People had some semblance of 'security' when it was default that 'code was god'. That OBVIOUSLY led to problems, as 95% of people aren't devs, and 99% of people aren't blockchain devs. Funds were lost, some livelihoods ruined, and reputations tarnished.

I think the shift to something more forgiving is absoloutely necessary, and despite how much people piss and moan about it, I think that EOS, with it's community and constitution is a step in the right direction (whether it's the be-all and end-all solution? I find that doubtful).

I hadn't thought about the ability to manipulate a token contract after people have signed up for it, and it indeed raises some very concerning questions. I was really excited about the "Virtue Poker" dApp for ETH, precisely because the contract allowed it to be trusted. I worry that this is just going to end up turning into another "terms of service" / "Can't be bothered to read this shit" trap that we're currently living in -- but perhaps people can be motivated to step up their awareness, or better yet -- maybe some institution of actual democracy can be implemented in more of the services that we utilize?

Thanks for sharing, dude.
πŸ‘  
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@lukestokes ·
$0.02
You're welcome! Thanks for watching.
πŸ‘  ,
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@mstafford ·
Two follow up questions for you (one related, one not):

1. Did you participate in helping write the EOS constitution, and / or are there any aspects of it that you might like to see changed / tweaked?
2. I had previously been dabbling around with the idea of setting up a Steem witness -- mostly out of technical interest mixed with a little bit of wanting to host a node and help support the community.
I'm curious about setting up an EOS block-producer, and am wondering if it's generally the same system. (I.e -- there are 21 "top" block producers, but there is room for a hundered or so back-up BP's). Are you able to share if that's indeed the case, and if it may be worth it (say from maybe a "yeah you'll sign a few blocks here and there", or a "nah, you'll likely never sign a block, so I probably wouldn't bother" kind of perspective) to set up an EOS BP?
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@novacadian ·
You're right, these videos are incredibly useful Luke. Your insights of the project are much appreciated.
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@lukestokes ·
Thanks! Glad to hear it.
πŸ‘  
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@singa ·
Thank you for your work. 
I wish you new achievements and success.
Creative inspiration, @lukestokes 
I am sure that everything will work out. 
With respect, @singa
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@jayem ·
Great video and by the way I am proxying you, if that's the way you say it. I am blogging my progress on getting EOS for anyone interested.
I appreciate you concerns about the dangers of  bad actors, but at least with EOS it makes it harder for them to hide and takes away the incentive.
I am looking forward to getting my tokens. Thanks, for the good fight Luke.
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@wstanley226 ·
Thanks for the video!  Resteemed.  EOS is soaking up all the crypto news.
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@marketwatcher ·
Probably an active community that can change votes to BPs swiftly and with easy tools is the ultimate safety feature. So as long as the community is engaged there is hope!
All the best
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@nurhayati ·
I do not have EOS yet, I am sad, my friends have bought many EOS. continued success for EOS. :)
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@thedeys ·
Please please please follow me
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@nigelgambanga ·
Hi @lukestokes. I've got an offer that might interest you as a content creator in the cryptos space. Please email me on nigel@golix.com
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@brian-rhodes ·
Thanks Luke. And yes, please keep the posts coming!
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@nellita66 ·
Gracias  por ofrecer su ayuda para aquellos que no sabemos nada de criptomonedas. Un saludo cariΓ±oso para usted @lukestokes
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@pushkarrr ·
@lukestokes Really good work sir ... salute to your post ...greatful moment
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@gold84 ·
Hi @lukestokes ! Appreciate that you are explaning this details about EOS Dpos BPs. 

I was wondering if there is any place to buy eosDAC mainnet tokens and transfer them to the wallet.

I recently made a post on how to buy EOS and transfer them to the EOS mainnet wallet here. I wanted to find a way to do this with eosDAC.

[I was able to Buy EOS on Bitshares and Transferred them to my EOS Mainnet Wallet via RUDEX Dex - Here is How to Do It](https://steemit.com/eos/@gold84/i-was-able-to-buy-eos-on-bitshares-and-transferred-them-to-my-eos-mainnet-wallet-via-rudex-dex)

Regards, @gold84
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@lukestokes ·
You can check with your favorite exchanges listed here: https://coinmarketcap.com/currencies/eosdac/#markets
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@gold84 ·
Hi @lukestokes, thanks! However, none of those exchanges let you transfer to the mainnet yet, right?
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@auliasweet82 ·
i am follow and resteem for you
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@techstack ·
That’s great videos @lukestokes. Thanks for sharing. I have noticed now a days #EOS holders getting ditched by phishing attacks and losing their private key. [Check here what kind of phishing mail](https://steemit.com/eos/@techstack/beware-about-phishing-mail-asking-you-to-eos-registration) they got and lost their #EOS private  key.
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root_title"Some Thoughts (and Concerns) About EOS DPOS Block Producer Independence"
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