The posts written by Dan Larimer regarding EOS and Ethereum have been filled with much meaningful content that may be difficult to process. In this post, I will summarize some of them:
"Response to Vitalik Buterin on EOS"
- EOS has a merkle tree structure that allows simple verification of blocks.
- EOS uses DPOS which results in fewer full nodes and thus is more prone to attacks and centralization. However, Dan brings up that Ethereum Hash Rate is concentrated over a few mining pools.
- All cryptocurrency nodes can be easily shutdown by governments or ISPs anyways as their information is known. However, since cryptocurrencies are used for legal applications, this shouldn't be a problem.
"Response to Vitalik's Written Remarks"
- Low voting participation in EOS can be remedied, and is not a major flaw since stability can still be ensured. Large voting players will vote rationally for self-interest
- The bandwidth system implemented in EOS and Steem for transactions in order to remove transaction fees do not significantly hinder "poor" accounts from executing transactions
- Dan responds to the lack of slashing condition by stating that badly behaving nodes will have their reputation and revenue affected. Furthermore, he states that the addition of a slashing condition is trivial.
"Casper as an EOS contract"
- Casper does not provide much value since most of the blockchain security comes from the proposal mechanism (PoW)
- DPoS is a better proposal mechanism as it prevents centralization due to formation of mining/staking pools