More Smoke and Mirrors
Tags: Blockchain, Eos, Cryptocurrency, Governance

EOS Governance

The NEXT 3 YEARS of EOS do not have to look like the LAST 3 YEARS. However, EOS cannot move forward if we keep looking to the same leaders that got us into this situation to get us out. If EOS were a nation, one that had lost 90% of its GDP over 3 years for example, there would be revolution.

Our take on Yves’ response:

EOS Nation chose to respond to our research via telegram, no doubt because they can literally control the narrative and remove dissenting speech, a privilege they exercised a number of occasions last night during their response.

EOS Nation chose to address the empty blocks accusation only, failing to properly address the much more serious allegations of front-running. More on that later, for now let’s talk about what Yves said about MSIGs last night.

Yves’ argument for why they had over 93% empty blocks for almost 4 months was circular by design, but it relied on several sources Nation cited repeatedly:

1. The github issue

2. Voice Post 1: August 2020

3. Voice Post 2: End of October 2020

According to Yves these docs collectively represent an official public announcement that all accounts needed to be on a whitelist to get transactions processed by eosnationftw.

Here’s the rub: nowhere in any of these documents does the word whitelist even appear. No instructions for getting on said whitelist are provided.

Instead, Yves says in Voice Post 1 that “No contracts, accounts, or actions were blacklisted. during this process.”

However, this is the complete opposite of what happened. In reality, unless you were on the whitelist, you were on the blacklist, and were effectively denied from transacting on the main-net during eosnationftw’s block production rounds

Where was the public announcement describing how an account could get whitelisted?

What was the process for being included on the whitelist?

So who was on the list?

The list includes a constellation of EOS Nation related accounts (e.g. *.sx) as well as a bevy of recognizable account names who clearly were informed of how to acquire membership on this list in some off-line or private manner.

In case readers were unaware, we prefer to talk in the open, because this is exactly the kind of closed-door, backroom dealing that puts people off of EOS, and has led to 3 years of falling prices despite the fact that technologically speaking, EOSIO software is truly amazing. The EOS main-net should be doing multiples of the trading volume on Ethereum, and I think we all can agree on that.

So why have we not demanded change as token holders?

Why has EOS gone down over 90% from its ATH?

Why, as EOS Nation was streaking down the BP rankings to 7th this morning, did dfsbpsproxy/pzalendfsdss suddenly vote over 24 million EOS for them? Ah, to be a fly on the wall of that zoom call!!

@COLINTCRYPTO wondered if EOS is a cartel and got crucified for it… but is it???

If the cause for EOS Nation’s empty blocks really was MSIGs, why is yet another top 21 bp, helloeoscnbp, producing empty blocks… TODAY? Since block 152,222,278 helloeoscnbp has produced 92% empty blocks, with 99% having less than 5 transactions. Is this still MSIGs Yves? Or is there just always one BP who is “taking a break”?

going offline now!!! bye bye!!

BPs: that’s a violation of Clause 10 again… Why don’t BPs even play by their own rules and call rmvproducer as stipulated in the Ricardian contract that governs your behavior? Surely there is a deserving standby producer who could produce full blocks?

Can you provide us with the ACTUAL Ricardian contract you guys are using? Y’know the one with the extra clause: “{{ producer A }} acknowledges that if {{ producer B}} scratches {{ producer A}}’s back, {{ producer A}} will scratch {{ producer B}}’s back…”

Why is it appropriate for the number 1 BPs to be run by cannibals?

Denis Carriere CTO EOS Nation

Denis, honestly we didn’t expect the number one BP to try and attack us with no warning for fun and profit, and then not do any sort of responsible disclosure, just released the exploit on github.

Especially when literally 28 mins later he says

Denis Carriere CTO EOS Nation

You can’t make this up!!

These are supposed to be leaders of the community, not script kiddie scammers. How would you react if President Trump came to your house, lit the corner of it on fire and then said “WELCOME TO ‘MERICA, BITCH!!” Of course I don’t know, maybe Justin Trudeau does this kind of thing all the time and it’s just cool.

And lastly, why are some of the only people actually using this chain being attacked for shining some light in one of its murkiest corners?

Things that really make you go hmmmmmmmmmm ;-)