Arbitration Order #2018-06-22-AO-002
7 years ago in #eosdac by eosdac (58)
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Great post. Thanks for clarifying all of this, I think I've learned more from this than the previous months reading about EOS combined. Seeing it work in action is a bit different than the theory and just imagining it. Clearly we have a long way to go for this to all work smoothly, but I have a much better idea of how to get involved with the politics of EOS after reading this post. I knew there was a reason I voted for you guys.
I know EOS is getting a lot of heat for this, but I think it's great. Far from satisfied, but considering it's just a few weeks old and most of the processes not even invented yet, it's not a bad start at all. We're really creating a new form of global government, not just another currency, and that is what makes this all so exciting. Long road a head, Rome wasn't built in a day, really interesting to be a part of, just hope it works out well and that we're not backing ourselves into one of Orwell's nightmares lol.
Either way, if it doesn't work out I'll just burn my computers, leave the internet permanently and start trading with seashells. I'm taking a break from the internet anyway, maybe in a few months when I come back they'll have more tools available to streamline all this. Personally I'd like a social media site/app like Steemit where we could develop this "government" in a more unified way on the blockchain itself rather than a bunch of forums and chatrooms and articles spread all over the place. Get the guy who designed the eoscountdown site on it, that's really good design right there.
Have a nice summer Steemians and EOSers, see you in a few months.
Edit: Here is a little update to this.
Thanks for your words of encouragement. I wrote this post on behalf of eosDAC, and I'm always trying to help educate people with the content I put out, so this really encourages me to hear I've done that in this case for you.
Enjoy your break from the technical world. I hope you like what we do with everything by the time you come back. :)
I agree now the documentation of the rules seems to be spread out everywhere. And it doesn't feel clear to me who are involved and what their power are. But naturally, this is the cause of everything being new.
Confusing and exciting times haha.
The transparency this article is creating is much appreciated
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Well, the arbitration process is still in its infancy. There will be growing pains. The benefits of EOS having an arbitration forum and blockchain governance are too great, compared to the risks and problems. Yes, there was a lack of transparency with this decision; but it was an emergency action, while the EOS chain is still just getting started. The transition from ERC-20 token to EOS token had many opportunities for theft and fraud, so, I'm very willing to give the ECAF decision the benefit of the doubt. I strongly believe the arbitration system will improve over time, but I expected many difficulties (following the mainnet launch) during these early days. Good work, eosDAC!
Thank you!
We just updated this post with the latest from ECAF as well. It's still not direct evidence, but at least a bit more clarity.
Absolutely fucked. EOS is gonna be dead in the water soon enough.
Care to elaborate?
I think ECAF made a big mistake by not providing the evidence directly, but this system of on-chain governance isn't "dead in the water" if it can actually work to protect life, liberty, property, and justice in a non-violent way. Some are just ignorant about EOS is designed to work, so they don't have properly aligned expectations.
Do you think all the BPs should ignore this emergency arbitration finding since adequate proof hasn't yet been given, even though the accounts involved directly asked to be frozen in an attempt to save their property from being lost?
This deserve a resteem for historical, educational and awareness purposes xD
Thank you for creating this article
A good test on the Ecosystem / Governance, glad to see good debate consensus and comply on those situations where a decision like this needs to be taken in a rush time.
Thumbs up to ECAF and BPs that managed to deal with it and for being transparent in the process and to the EOS community for being involved, awareness is key .
Keep up the good work, it is much appreciated :)
Long LivEOS
Thank you for the encouragement. :)
I like the idea of you guys trying this out and adding new options to the world of technology. Policies and paper trails or not, if you guys have the ability to stop or move funds which you don't have the private keys to, then it also means that the US government, NATO, or United Nations can also move funds for which they don't have private keys to. Perhaps Bill Gates or Marilyn Monroe could move EOS funds in a strange way. Most of the times intentions are good and you guys are developing great centralized tools for them to use through you indirectly. Perhaps it's better this way compared to a mindless robot who only knows private keys. But who will want to use this? Maybe you want a system by design that criminals don't want to use. That's kind of neat. Let them use Bitcoin and forgo all the new features. I still want to use EOS in hopes of fast transactions and dApps.
As soon as we get those working, I think someone should fork EOS to EOSRobot with 0 ability to transfer funds without a private key, similar to how BTC and ETH are today. Sure it's technically possible to move funds without private keys even in BTC, but people generally trust that no one would, even if the US or UN wanted them to.
I'm a big fan of EOS, but if it were ever forked to a robot version, I'd favor that over this nerfed version. If there were two EOSs like that, I would HODL both by market cap ratio and enjoy both just like I do ETC, BCH, XLM, and LTC today. I love um all and keep up the great work.
How? If they controlled 2/3+1 of the EOS block producers, would anyone take EOS seriously? They would fork the code and create a new chain without government interference.
Not unless they controlled 2/3+1 of the block producers and used that power to modify system contracts or token contracts which would be completely visible and transparent to everyone using EOS which would destroy investor confidence in EOS and cause people to move elsewhere.
What centralized tools?
Yes, that is the intention. Protect life, liberty, property, and justice.
But isn't that how ETC and BCC were created? Immutability isn't as simple as what the code allows today. Code (and chains) can be forked.
You say "nerfed" version, but this is by design. This is what EOS has always been. It was created with trust put into the hands of the elected Block Producers by stake-weighted vote. A "robot version" would create forks, just like we've already seen with BTC/BCC and ETH/ETC. Not only that, there would be shadow governments controlling the robots, namely those with commit access to the reference implementation Github repository.
Good points. 2/3+1 would happen if the UN asked it. The UN would get its own trusted consensus in its own way first. Compared to that UN process, getting 2/3+1 in EOS would be easy. I think it's all good intentions and in the end these are all human coins. None are true robot coins.
I liked your point about robots creating forks and EOS solving that.
I will continue investing by market cap and as long as EOS is in the top 300 and traded on Binance, Bittrex, or a similar quality exchange, then I will keep holding and using it.
I love using cleos and like the tech of EOS wat more than the politics. Maybe some day I will like the politics. Like if they send me back 170 EOS somehow that I never generated working private keys for :(. That would be a neat new crypto party trick if I ever got those back somehow. I'm not expecting it though. I'm happy if EOS stays immutable.
Thanks for the transparency of this @eosdac. I am quite shocked about this decision from the ECAF without disclosing prior reasons.
I have been catching up on the process and as I understand EFAC had the power to make any decisions on misuage? And after @dan statement:
, the EFAC power will be limited to give an opinion on the issue, while the block producers will be the jury of the arbitration?