Author

Topic: EOS dapp uses backdoor to access user wallets (Read 90 times)

legendary
Activity: 3010
Merit: 1460
September 16, 2018, 07:46:37 PM
#1
I reckon programs or apps running on the EOS platform should not be called decentralized applications. They are the same as any centralized web service on the internet, that can access your account, change your settings or freeze your funds.

There was also the issue of EOS itself freezing user funds in the platform, if you remember.

https://bitcointalksearch.org/topic/2018-06-21-no-one-should-have-that-power-charlie-shrem-slams-eos-fund-freeze-4504947

That breaks the social contract that the developers of decentralized platforms have with the community.



A decentralized app (DApp) on the EOS blockchain, Trybe, has recently attracted negative attention following an erroneous distribution of tokens to more than 100 EOS accounts, some received up to four times the due amount.

The developers of Trybe - a blockchain based content ecosystem - chose to then access user wallets to retrieve the accidentally airdropped 8,740 TRYBE tokens (about $60) without notifying the users beforehand.

This mutability feature, interestingly, is often marketed as what makes the EOS blockchain different (in a good way) from its counterparts. In contrast to Ethereum’s immutable smart contracts, which require a hard fork like the infamous DAO hack.


Read in full https://www.cryptoglobe.com/latest/2018/09/eos-startup-uses-backdoor-to-access-user-wallets/
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