And it works because nothing will go wrong for a really, really long time. Why should it, block producers have absolutely no incentive to screw over their userbase. But what happens it that changes? Let's say, some state knocks at their door and asks to blacklist this and that address? Yeah, exactly.
This is why this sucks so bad and this is why this is such a big problem.
it's strange because there kind of isn't any point. whats the difference between AWS and EOS? EOS is open source, you're just trading off on who runs the show, it's not "by the people". I think people get caught up in the whole "it's on the blockchain" but it "also has the 1million tps". EOS sacrifices what makes BTC/ETH good but also doesn't have what makes an actual centralized platform like AWS/google cloud good.
sheesh
Heh, exactly.
It's somewhat funny actually. It's kinda like someone took a look at a decentralized network and said "you know what would make this way more efficient? Servers."
I mean, to some degree, there is merit to this. For businesses, it's probably preferable to have someone they can hold accountable for whatever comes up. But all in all, this is falling back into the old tracks without realizing it.
I think to a big degree, the problem is "regular" people getting into crypto. The first wave were cypherpunks, ultra-paranoid, over-the-top security nerds. They understood the whole "there's no such thing as too much security" deal.
Regular users don't. They log into facebook on their work PCs, they use the same email address for everything.
I mean, they don't even make backups and then cry when their harddrive fails, because every harddrive fails eventually. And they were told this over and over.
What do you expect?
And the experts, those that understand the system are mere Kassandras, doomed to predict failure that's not going to come because market incentives keep even the crappiest system afloat.
) but that fact that the majority of coins are stacked in a few wallets says that it is risky idea to invest. Especially now, when this year-long-lottery ended 
