Topic: Is EOS really decentralized? (Read 150 times)
If you are talking about the possibility of EOS freezing accounts of tokens holders, then this itself means that this network is not decentralized. The news about freezing the tokens, I think scare off a lot of investors.
I dont`t think EOS is decentralized as Ethereum, I`ve heard Vitalik Buterin has recently said that EOS have been able to hold their ICO on Ethereum platform withoun any obstacles, but he dont`t think Ethereum would have been able to hold their ICO on EOS platform in the same way...
I don't get how is EOS able to froze user accounts when their goal is to be "most powerful infrastructure for decentralized applications".
For me, it's a turn-off & would only be interested to develop apps on their blockchain if it is really decentralized.
For me, it's a turn-off & would only be interested to develop apps on their blockchain if it is really decentralized.
I agree with your sentiment. It really does seem like EOS although it is a billion-dollar funded project, is turning out to be a money-making scam for it's founders and developers. Many people have already pointed out that they blindly collected too much money and could have launched with much less (see how bitcoin did it without much funding at all).
I would stay away from EOS and dump it while you still can.
It is too much to say that EOS is the center. China also reported that the best progeny in the EOS is very interesting in my opinion.
And..... guess what, China just ranked EOS #1 crypto project out of 30 projects that they monitor
https://news.bitcoin.com/chinas-crypto-rankings-eos-ethereum-bitcoin/
https://news.bitcoin.com/chinas-crypto-rankings-eos-ethereum-bitcoin/
I don't get how is EOS able to froze user accounts when their goal is to be "most powerful infrastructure for decentralized applications".
For me, it's a turn-off & would only be interested to develop apps on their blockchain if it is really decentralized.
EOS drew severe criticism for freezing out those seven accounts. EOS has violated the true essence of cryptocurrency that is "DECENTRALIZATION" when they themselves claim to be the "most powerful infrastructure for decentralized applications". However, they are saying that those accounts had hacked funds. But that step of freezing have put them into consideration that how can they regulate wallet access if they were supposed to be completely decentralized. For me, it's a turn-off & would only be interested to develop apps on their blockchain if it is really decentralized.
I don't get how is EOS able to froze user accounts when their goal is to be "most powerful infrastructure for decentralized applications".
Because they are lying. They have the power to freeze accounts, reverse transactions and confiscate your funds. It isn't decentralized in the slightest.
The EOS operation surprised me. They are free to freeze customers? This means that it is not decentralized! He may be the worst cryptocurrency on the market!
I am also very confused about this matter. Why can decentralized transactions be frozen? When a friend and I mentioned this matter, I thought he was joking. As a result, I checked the news and there were reports. Is EOS really worth our trust?
I don't get how is EOS able to froze user accounts when their goal is to be "most powerful infrastructure for decentralized applications".
For me, it's a turn-off & would only be interested to develop apps on their blockchain if it is really decentralized.
Many people are questioning about EOS decentralization since knowing that they can freeze user accountsFor me, it's a turn-off & would only be interested to develop apps on their blockchain if it is really decentralized.
If this can happen it means they have terrible powers and for me, that's enough to prove that EOS is a terrible infrastructure for DApps and I think EOS is not decentralized
EOS is no less centralized than your local bank or government body. The only difference between the two is the governance model of EOS is far less sustainable.
I don't get how is EOS able to froze user accounts when their goal is to be "most powerful infrastructure for decentralized applications".
For me, it's a turn-off & would only be interested to develop apps on their blockchain if it is really decentralized.
For me, it's a turn-off & would only be interested to develop apps on their blockchain if it is really decentralized.
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