banner
Brendan Blumer: a Twitter discussion on governance
Brendan Blumer: a Twitter discussion on governance
Blockchain

Brendan Blumer: a Twitter discussion on governance

By Alfredo de Candia - 16 Sep 2019

Chevron down
Listen this article
download

Yesterday on Twitter, block.one’s CEO, Brendan Blumer, shared some interesting thoughts about the governance of the EOS blockchain and the behaviour of Block Producers (BP).

The debate was triggered by the disclosure made by a famous user on the EOS blockchain, Colin T Crypto, who wrote on Twitter that a BP tried to buy his proxy to allow other Block Producers to rise in the top 21.

Following this revelation, the CEO congratulated the user on transparency.

“This is what decentralised governance looks like. It’s great to see you representing transparency and integrity on behalf of those supporting your proxy”.

In response, Rami James, one of the designers of Scatter, the leading wallet for EOS, expressed his disappointment regarding BPs, which according to him have an ambiguous behaviour.

“Okay. And what is your stance on those that do not? There is a serious problem that the top BPs have bribed and bought their way to the top. It isn’t democratic, and it isn’t transparent. When is @block_one_ going to step up?”.

Brendan Blumer then explained that the position of Block.one is not to intervene abruptly so as to allow more competition on costs for BPs, allowing them to optimise resources and optimise their systems, which can lead to advantages for the entire EOS blockchain.

In addition, Blumer points out that paying BPs more would not guarantee that they would use resources to improve the network:

“Should Bitcoin add extra transaction fees if the miners promise to do “community good?”, asked ironically Blumer, adding:

 

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.