Code can be exploited, have bugs, not do the job correctly, etc. Code is law is silly. That's kind of like saying because my code for my body is such that it allows me to attack things that the fact that I attack and kill things is okay because the code allows it.
Programmers are humans, not omniscient super beings. They can only plan for things they think about. They may not think about exploits. They also are not thinking "Because this doesn't prevent it, it must be acceptable".
There are a lot of things CODE can permit. We have to use some common sense, and community discussion to discourage bad actions. We should NEVER simply fall back on the CODE IS LAW to defend any action. That is reckless, stupid, and potentially evil/malevolent.
As to EOS FUD. It's way too early for FUD as far as I am concerned. I am seriously waiting for a platform like Steemit where I can blog and transact in EOS like we do here. I look forward to that.
"Code is law" is silly but also "Government will save stupid people is silly", BPs superpowers should be activated just in severe situations and with an EXPLICIT reason, not for opaque reasons an disputes between 2 people or bad diligence to store private keys..
If you don't trust the other person you should use multisig.. not a government
Nation state governments have a monopoly on currency creation and violence in a geographic region. This is entirely different.
"Stupid" is a relative term. If we want a free society, shouldn't we ask ourselves, "What responsibility do we have to take care of those who can't take care of themselves?" If you win the genetic lottery for intelligence, and I don't is that just too bad for me? Tough luck, sorry chuck? I think we can do better and the veil of ignorance concept of philosophy suggests we should think carefully about how we create systems to judge who is stupid and who isn't.
Ideally, the technology becomes easy to use with account recovery and more. In many ways, these early challenges relate to the limitations of ETH, not EOS.
Code is not Law.
Code + Intention (Ricardian Contracts x Arbitration) = Law.
Like you've said, unfortunately not everyone can read code reliably and we need elected representatives we trust to look out for our best interests.
One could also say law = threat of violent force. I'm glad when we say "law" we mean something entirely different. Hurray for a possible non-violent future. :)
Thanks for this, @lukestokes!
It's exciting to be part of something as new and innovative as EOS, even just as an investor. My mind is blown by its potential! All these tweets did make me doubt a bit when I saw them last week, so your response to them is very helpful!
I like this. Thank-you! EOS needs people putting these things into a clear and understandable way.
I have written a piece of some of my concerns... it is more philosophy about governance than anything, but I would be interested in your take on it. Check my blog if you have a minute.
Very good summary, disarming abridgedarguments. Indeed the governance aspect of EOS is just very unknown even to holders, who came for the 100K tx/s, and feeless structure. And the whole crypto-community (uninformed EOS holders included) are very anti-institutional, but i can imagine a working governance structure will be quite appreciated from a more mainstream audience.
It's surprising to me how angry people are when the governance model hasn't even failed yet. Just wait until block producers and arbitrators screw up! That's when things are going to get really sketchy. Right now people seem to be mostly upset just at the potential possibility of a problem in the future.
ATM I wouldn't go so far to say governance hasn't failed,I have still not heard about arbitration regarding exchanges using the votes of their customers like it seems to have happened at the activation of the mainnet. But with the prevention of the ico scam and freezing of accounts it has proofed it delivers on its most basic principles at the least, which is not bad given the short period of time available.
I agree further outcry is definitely coming, what we need now is a swift uppick of dapps and the overall infrastructure
Only hackers and criminals could be against acounts frozen because of hacking. Just look at negative impact of money stolen from different exchanges in the entire history of cryptos
"There will be bad actors and communities will live or die based upon how quickly they identify and remove them. "
and as well, how he further describes this assertion in great detail:
"This free market competition in community governance introduces market forces to the governance equation. A blockchain that is operated by a corrupt dispute resolution system will see its currency sold in the market as people leave in droves seeking safe haven in new communities that better protect their rights. Only the most universally competent dispute resolution systems and blockchains will survive. Communities that enact unpredictable monetary policies contrary to their constitution will see their tokens fall in value rapidly in favor of more responsible communities.
Blockchains create a far more efficient market because there is no captive population forced to use the currency at gunpoint. Furthermore, there is no geographical constraints that force a person to use the same currency as their neighbors." - To quote DAN, get ready for a reshuffle of the crypto markets, in the next 6mo to 1 year
I am showing this to friends and familiy because it seems so much more ACCURATE than any critisism I am seeing in the last 2 weeks
Don't bother too much. I'm just a quarterback and haven't been involved.. I'm uninformed. My opinion stems from observations of some high-ranking witnesses on steemit, who show questionable loyalty for the platform and those who voted them into a position here.
When you guys leave, just close the door behind you, or you'll let a draught in.
Simply drawing a natural conclusion off of the content you posted. Much like countless others who may watch it are doing. What you want is that I do not make a judgement. Or perhaps, I should not hold an opinion about you. Then say it clearly to me.. you don't want my comment.
I recall reading many witness proposals in the past. That is what I am saying. And in those proposals, people made their intentions very clear. Yet now, even in your reply to my wild quarterback crazy assumption, you are not willing to refute plainly, the natural assumption (based off of the opinions you show in the video) that you will ditch the platform.
As this may be the last thing I say to you, let me be clear. You may know a bit about a few things, and I may know nothing and be an ass hat, but I say what I mean and do what I say.
You also may believe that you can produce a 20 minute video and have people hang off your every word and draw assumptions, but you ought not tell people how to process the material. If someone draws a conclusion, look at your content and ask - why did someone draw such a conclusion and what is the impact of my actions.. on the finances of the thousands of people that trust me.
I know that the idea of increasing the human element in a trustless system seems scary but if we need the mass adoption to happen we need to see how people feel about what's in front of them.
In my understanding we'll never see mass adoption happening if people cannot talk to people. As good as it sounds to me, not everybody wants to sit in their room talking to a screen. People need to see people, people need to talk to people and so that they might come to trust each other.
Bitcoin has faults and so does EOS (I might not be the best judge) and so does many other currencies. In the end people will decide to walk with the devil they know. We all are scared of the fact that democracies have been hijacked historically. To be truthful many of us don't trust our own "democratic' governments. But this does not mean that the same thing will happen to a system that we bring human element into.
'faith' such a small world but it creates all the difference in the end.
Just heard a report from Chris Coney about the 7 frozen accounts frozen by EOS Witnesses prior to arbitration being finished. This makes steemit witnesses running voting bots sound pretty trivial. 😎
EOSNewYork has refused to act on arbitrations until the process is accessable on the blockchain in a fully transparent manner. Interested to know how you stand on the issue, Luke.
Code can be exploited, have bugs, not do the job correctly, etc. Code is law is silly. That's kind of like saying because my code for my body is such that it allows me to attack things that the fact that I attack and kill things is okay because the code allows it.
Programmers are humans, not omniscient super beings. They can only plan for things they think about. They may not think about exploits. They also are not thinking "Because this doesn't prevent it, it must be acceptable".
There are a lot of things CODE can permit. We have to use some common sense, and community discussion to discourage bad actions. We should NEVER simply fall back on the CODE IS LAW to defend any action. That is reckless, stupid, and potentially evil/malevolent.
As to EOS FUD. It's way too early for FUD as far as I am concerned. I am seriously waiting for a platform like Steemit where I can blog and transact in EOS like we do here. I look forward to that.
"Code is law" is silly but also "Government will save stupid people is silly", BPs superpowers should be activated just in severe situations and with an EXPLICIT reason, not for opaque reasons an disputes between 2 people or bad diligence to store private keys..
If you don't trust the other person you should use multisig.. not a government
Nation state governments have a monopoly on currency creation and violence in a geographic region. This is entirely different.
"Stupid" is a relative term. If we want a free society, shouldn't we ask ourselves, "What responsibility do we have to take care of those who can't take care of themselves?" If you win the genetic lottery for intelligence, and I don't is that just too bad for me? Tough luck, sorry chuck? I think we can do better and the veil of ignorance concept of philosophy suggests we should think carefully about how we create systems to judge who is stupid and who isn't.
Ideally, the technology becomes easy to use with account recovery and more. In many ways, these early challenges relate to the limitations of ETH, not EOS.
Code is not Law.
Code + Intention (Ricardian Contracts x Arbitration) = Law.
Like you've said, unfortunately not everyone can read code reliably and we need elected representatives we trust to look out for our best interests.
Go EOSDAC!
One could also say law = threat of violent force. I'm glad when we say "law" we mean something entirely different. Hurray for a possible non-violent future. :)
@lukestokes
Your opinion on Current Market?
My opinion? It's down.
Thanks For Helpful Post Sir.
Do what you can with what you have, and you'll get what you need to do what you want.
you are worthy to be a witness.
Thanks for this, @lukestokes!
It's exciting to be part of something as new and innovative as EOS, even just as an investor. My mind is blown by its potential! All these tweets did make me doubt a bit when I saw them last week, so your response to them is very helpful!
Glad yo hear it. :)
I like this. Thank-you! EOS needs people putting these things into a clear and understandable way.
I have written a piece of some of my concerns... it is more philosophy about governance than anything, but I would be interested in your take on it. Check my blog if you have a minute.
Go EOS.
just added my vote (for what it is worth - lol) to your witness campaign too. Keep up the good work!
Thanks! I replied to your post as well.
Very good summary, disarming abridgedarguments. Indeed the governance aspect of EOS is just very unknown even to holders, who came for the 100K tx/s, and feeless structure. And the whole crypto-community (uninformed EOS holders included) are very anti-institutional, but i can imagine a working governance structure will be quite appreciated from a more mainstream audience.
It's surprising to me how angry people are when the governance model hasn't even failed yet. Just wait until block producers and arbitrators screw up! That's when things are going to get really sketchy. Right now people seem to be mostly upset just at the potential possibility of a problem in the future.
ATM I wouldn't go so far to say governance hasn't failed,I have still not heard about arbitration regarding exchanges using the votes of their customers like it seems to have happened at the activation of the mainnet. But with the prevention of the ico scam and freezing of accounts it has proofed it delivers on its most basic principles at the least, which is not bad given the short period of time available.
I agree further outcry is definitely coming, what we need now is a swift uppick of dapps and the overall infrastructure
Thanks for the eosDAC post as well! Its contextually informative for sure.
Great talk, Luke! Very exciting times in the crypto space. EOS' evolution is of great interest to me. Thanks for sharing.
Only hackers and criminals could be against acounts frozen because of hacking. Just look at negative impact of money stolen from different exchanges in the entire history of cryptos
Followed you and Resteemed. EOS is a game changer. Had to register my coins. Are you buying the dip?
I really liked this quote from Dan:
"There will be bad actors and communities will live or die based upon how quickly they identify and remove them. "
and as well, how he further describes this assertion in great detail:
"This free market competition in community governance introduces market forces to the governance equation. A blockchain that is operated by a corrupt dispute resolution system will see its currency sold in the market as people leave in droves seeking safe haven in new communities that better protect their rights. Only the most universally competent dispute resolution systems and blockchains will survive. Communities that enact unpredictable monetary policies contrary to their constitution will see their tokens fall in value rapidly in favor of more responsible communities.
Blockchains create a far more efficient market because there is no captive population forced to use the currency at gunpoint. Furthermore, there is no geographical constraints that force a person to use the same currency as their neighbors." - To quote DAN, get ready for a reshuffle of the crypto markets, in the next 6mo to 1 year
I am showing this to friends and familiy because it seems so much more ACCURATE than any critisism I am seeing in the last 2 weeks
Close the door on the way out.
Huh?
Don't bother too much. I'm just a quarterback and haven't been involved.. I'm uninformed. My opinion stems from observations of some high-ranking witnesses on steemit, who show questionable loyalty for the platform and those who voted them into a position here.
When you guys leave, just close the door behind you, or you'll let a draught in.
Please don't make assumptions about the intentions of others, including me.
Simply drawing a natural conclusion off of the content you posted. Much like countless others who may watch it are doing. What you want is that I do not make a judgement. Or perhaps, I should not hold an opinion about you. Then say it clearly to me.. you don't want my comment.
I recall reading many witness proposals in the past. That is what I am saying. And in those proposals, people made their intentions very clear. Yet now, even in your reply to my wild quarterback crazy assumption, you are not willing to refute plainly, the natural assumption (based off of the opinions you show in the video) that you will ditch the platform.
As this may be the last thing I say to you, let me be clear. You may know a bit about a few things, and I may know nothing and be an ass hat, but I say what I mean and do what I say.
You also may believe that you can produce a 20 minute video and have people hang off your every word and draw assumptions, but you ought not tell people how to process the material. If someone draws a conclusion, look at your content and ask - why did someone draw such a conclusion and what is the impact of my actions.. on the finances of the thousands of people that trust me.
Good bye.
I know that the idea of increasing the human element in a trustless system seems scary but if we need the mass adoption to happen we need to see how people feel about what's in front of them.
In my understanding we'll never see mass adoption happening if people cannot talk to people. As good as it sounds to me, not everybody wants to sit in their room talking to a screen. People need to see people, people need to talk to people and so that they might come to trust each other.
Bitcoin has faults and so does EOS (I might not be the best judge) and so does many other currencies. In the end people will decide to walk with the devil they know. We all are scared of the fact that democracies have been hijacked historically. To be truthful many of us don't trust our own "democratic' governments. But this does not mean that the same thing will happen to a system that we bring human element into.
'faith' such a small world but it creates all the difference in the end.
I love to hear you talk as always. The previous one was even more interesting.
Thanks for providing a great source of reason across all of the unknowns that lay ahead in this new frontier, @lukestokes.
Just heard a report from Chris Coney about the 7 frozen accounts frozen by EOS Witnesses prior to arbitration being finished. This makes steemit witnesses running voting bots sound pretty trivial. 😎
EOSNewYork has refused to act on arbitrations until the process is accessable on the blockchain in a fully transparent manner. Interested to know how you stand on the issue, Luke.
We have a response here.
Luke! Give us more. Watching and listening closely. Thanks.