EOS Town Hall - March 4, 2019

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Notes Created By: LibertyBlock

Purpose

  • Discuss the Blacklist Update Failure, the EOS User Agreement and the EOS Community Constitution.

Key Takeaways

Is the Blacklist Update Failure a Chain Emergency? (7:50)

An anonymous hacker managed to move 2.09 million EOS ($7.7 million) from a hacked account due to an allegedly failed update by an EOS block producer (BP).

The blacklist was in a text file that is prone to mistakes. It was never intended to be a robust long-term solution and created expectations that could not be met.

Voters keeping tokens on-exchange gives exchanges more influence than they should have. DPoS relies heavily on voter participation which remains at low levels.

The Security Issues of Anonymous BPs (12:24)

When requiring multiple BPs to act, having a point of contact such as Telegram is much more important than knowing the personal identities of people running a specific BP. So far, there hasn’t been any way to contact games.eos.


Introduction to EOS Community Constitution (ECC) (18:04)

The Community Constitution is a joint effort of members of the Chinese, Korean, European and North American EOS community.

Differences Between the EUA and ECC (34:34)

The biggest difference is that the EUA provides a simpler framework that sets expectations for how DPoS should work whereas the ECC presents more complex rules for the broader ecosystem.

Getting into a complex legal document will take a good amount of time. The simplicity of the EUA is attractive because it sets the foundation to move toward more complex standards.

Clarifying Enforcement (44:44)

ECAF created unenforceable expectations, resulting in a need for a simple starting point - one that defines the criteria for what is enforceable and what is not.

When engaging with someone in a contractual relationship, we could agree on how to hold both parties accountable. An internationally recognized arbitration forum can work in this scenario. When it comes to theft, a document may not be able to protect people’s property. In this case, multisig, time-delayed transactions can preemptively prevent crimes from happening.

The Practicality of Dispute Resolution at the dApp Layer (50:56)

Why is it necessary for ADR to be included at the protocol level rather and not the smart contract level? There is more flexibility at the smart contract level than the protocol level.

Voter Apathy (1:01:22)

EOS holders store tokens on centralized exchanges which excludes them from referendums or anything related to voting. Efforts to increase voter engagement haven’t been successful and turnout in the Asian community is low.

Next Week’s Call

  • We'll have a debate over several of the various constitution proposals.

Connect

A special thank you to:

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