Hi investors, let's talk about ECAF.
ECAF.
In case you don't know who they are, ECAF are:
The EOS Community’s forum for the resolution of disputes on the EOSIO blockchain
So, news came in a few hours ago that an ECAF-appointed arbitrator, Sam Sapoznik, had ordered block producers to freeze 27 EOS accounts suspected to be involved in a phishing scam.
As you would expect for an emergency measure, Sam Sapoznik ruling postponed explaining its reasons, citing "The logic and reasoning will be posted at a later date" which immediately enraged the community. Not the most trust-inspiring way to serve justice but fine, emergency is emergency.
But wait... who is Sam Sapoznick anyways?
A bit of research led me to find a probable candidate, meet Sam Sapoznick, EOS enthusiast and... professional gardener?!
... his LinkedIn account indicates that Mr. Sapoznick is currently employed at a landscaping company in California:
Just for reminder, ECAF's own requirement for appointing arbitrators are:
The key requirements to be an Arbitrator are:
- Nominated by someone known to the ECAF
- Independence from conflicting interests
- An aptitude for arbitration
- Commitment to a minimum training period and, after training, a regular time commitment
So, if Mr. Sapoznick turns out to have been the arbitrator in this case, can ECAF make it clear what his credentials are ?
As we discussed in a previous post, ECAF doesn't hold any constitutional power pursuant the EOS Constitution and the opacity of their ruling procedure reflects very badly on the EOS project and its claim to be a decentralized blockchain.
Hopefully ECAF can come clean soon and shed a little bit of light on this whole affair.
What are your thoughts investors?