Re: EOS - Asynchronous Smart Contract Platform - (Dan Larimer of Bitshares/Steem)
Well that did not take long, because in general I expect Dan to deprioritize the economic and game theory analysis that applies to centralization as he has done before (as I documented for example for the Steem voting design), and prioritize how to hype the system (e.g. crab bucket and jealously by design of outsized rewards for the few as mentioned in the Steem whitepaper):
You should expect that there are lot of smart people looking to find flaws when someone attempts a collectivized and centralized money grab, because it is the antithesis of principles that guided our interest in blockchains in the first place (and because a huge pot of honey will attract flies).
https://twitter.com/jimmysong/status/922929791082401792 <---- more juicy discussion
Theres only 1 way to do this correctly. And yall do not know it.
There is no amount of money or resources that can give you the advantage
[
] is I think consumerate to the level of the $300 million money grab and incorrect hype and snake oil salesmen obfuscations underway. Centralizing a huge pot of money is going to raise angst in our ecosystem because it leads to massive failure, e.g. Mt. Gox, the DAO, etc..
You should expect that there are lot of smart people looking to find flaws when someone attempts a collectivized and centralized money grab, because it is the antithesis of principles that guided our interest in blockchains in the first place (and because a huge pot of honey will attract flies).
https://twitter.com/jimmysong/status/922929791082401792 <---- more juicy discussion
Theres only 1 way to do this correctly. And yall do not know it.
There is no amount of money or resources that can give you the advantage