"EOS runs on only 21 nodes that check and validate new transactions. Every 126 blocks 21 new nodes get elected by the stakeholders, which means every round an elected node mines 6 new blocks. Blocks get produced every 0.5s, which makes 1 round last ~63s."
EOS looks quite centralized, and the price keeps tanking and tanking.
Yes, EOS is quite centralised in that block producers have a lot of power.
However, given there are 21 block producers compared with 3-4 big bitcoin mining pools this is relatively speaking quite a high number.
Lets not forget these are voted in too so if they do things that are bad for eos they will be voted out. Can we do the same for Bitmain? Nope, we are at their mercy
This is not a new debate though. EOS always stated this and it still raised 4bn USD. Do you think the big investors didnt know this about eos? Unlikely as it is such a central point.
The price is dropping compared to all time highs, true. As to be expected to be honest - most airdop coins at the moment are based on the genesis snapshot so there is no real value in holding eos in the short term, arguably.
However, much of that 4bn USD is being given to dapp developers to create new dapps to run on EOS. And when they start airdropping these tokens to current EOS holders (and people wake up to this being much safer than investing in an ICO) the price will start to rise, big time
So no, it's not dead lol