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.
Relevant Links
- Are You Ignorant About EOS, STEEM, and DPOS?
- A Rational Response to the Crypto Twitter EOS Discussion
- Decentralized Blockchain Governance
- DPOS Consensus Algorithm - The Missing White Paper
