EOS Town Hall - March 11, 2019

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Notes Created By: LibertyBlock

Purpose

  • Open up a dialogue between the EOS User Agreement and EOS Community Constitution.

Key Takeaways

Introduction to the EOS User Agreement (1:27)

The EOS User agreement is meant to minimize and simplify expectations of blockchain governance.

EOS NY wrote the EOS User Agreement (EUA) because they felt that the current EOS constitution is not very effective.

The purpose of the EUA is to simplify the current Constitution. It is not a set of rules; rather, it is a reflection of EOS’ current reality. The EOS User Agreement is not a change to what we do. It is simply a reflection of what we already can do.

Differing Purposes of Voting (5:38)

EOS Amsterdam (Rhett and Jetse): the community constitution is meant to bring back the value of voting and stipulate that block producers are independent entities. 3rd-person arbitrators creating onchain solutions take some of the risks off of the block producers.

Protecting the Liability of Block Producers (13:57)

Are there other DPoS chains where network validators have been held liable? If 15 accountable entities decide not to do something, they can be subpoenaed and forced to do what is right. It hasn’t happened, but that doesn’t mean it won’t.

Is EOS at a Place Where Lawmakers Can Intervene? (22:22)

The early internet wasn’t at a place where lawmakers could intervene. Right now, there isn’t much of a discussion with lawmakers about people losing private keys and money, but that will change as the network grows.

What Rules Does the ECC Have to Prevent Exchanges From Using Token Holder Voting Power to Elect Their Own Block Producer? (37:08)

The ECC says that each block producer to be independent to reduce common control. The document also requires exchanges to vote in accordance with token holder requests. Lastly, block producers are limited to controlling 1% of the vote.

Feedback for the EOS User Agreement (42:40)

The agreement doesn’t address governance, giving room to predictable outcomes that aren’t ideal.

Feedback for the EOS Community Constitution (49:00)

The ECC does not take into account functions built within EOSIO software that could be leveraged to protect token holders.

Working Together to Get Something Passed (59:47)

It may not happen anytime soon, but lack of action on getting something passed does the EOS chain a disservice. Finding the smallest action to move forward with and create momentum is the goal.

Next Week’s Call

  • EOS Amsterdam is writing a long-form Medium article to address some of the questions Kevin raised about the ECC. The call will be centered around discussing the article and continuing the conversation on EOS governance.

Connect

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