We can hear lately many attacks on EOS and its governance where block producers can fully control blockchain. We saw that they can freeze some accounts or even stop EOS blockchain for some time. There is EOS constitution and if you are familiar with project you would know what they are able to do if they reach consensus. Many Bitcoin supporters are making jokes out of it without looking at their own yard.
I believe in Bitcoin and I am Bitcoin holder but I don’t think that Bitcoin is more decentralized than EOS. EOS nas 21 block producers that are elected by voting and I have voted for some of them. 21 is small number and I would like that there is 100 block producers but it’s not and I can’t change that. At least as EOS token holder I can vote and have minor influence who will be elected.
Look at Bitcoin mining pools distribution:
As we can see on this picture, EOS 21 block producers are maybe not that bad. Only 4 Bitcoin pools control more than 51% hashpower. Yea I know that they will not do anything bad to hurt Bitcoin because they would hurt their profit but point is that they CAN HURT BITCOIN if they want and we have to believe that they not gonna do that.
I really don’t like when major people of crypto space are trash talking each other projects because that is hurting crypto space and it is rejecting potential crypto users. All major crypto projects have some good ideas but they all have their pros and cons and specially in this bear market would be nice if we could talk more about positive sides.
Bitcoin as leader and all other crypto projects are very young and we all must have more understanding and to be more supportive. One project to succeed doesn’t need to kill other.
Regards,