EOS Constitution Under Fire.

TI Naugs
Trade Crypto Live
Published in
3 min readJun 28, 2018
cryptocurrencynews

I am merely saying that the current constitution is not wise.”

After several weeks of issues, many questionable frozen accounts, and multiple breaches of the Constitution, earlier today Dan Larimer suggested that EOS should discard its original Constitution.

“I have learned a lot about human nature by watching the disputes, the witch hunts, the ‘bring everything before ECAF’ mindset,” he wrote. “I’ve got [a] new [constitution] to propose that I believe will have full support.”

Block.one and Larimer also spent some extra time defending the project before outlining the new proposal. Larimer did concede that EOS “set out recognizing that bugs happen” and that they knew the development of the contract process was still not formalized.

“We have seen that if you give people arbitrary power to resolve arbitrary disputes then everything becomes a dispute and the decisions made are arbitrary”

He then inappropriately compared EOS’ known vulnerabilities and bugs to the DAO hack on Ethereum. The hack was unexpected and not known to the developers or users caught up in it, whereas the need for formalization of the contract process was known to Block.one and Larimer.

Additionally, the 27 accounts/funds compromised and most recently frozen by the ECAF(EOS Core Arbitration Forum), will not be recovered or returned by the ECAF. Larimer stated that recovery and return of the funds “would do more damage to the entire EOS ecosystem than the money they receive.” He also went on to state that these users “didn’t use the official eos.io website nor follow the official instructions.”

The new proposal is outlined in bytemaster’s (Daniel Larimer) Medium post below but in short, EOS users will need to opt-in if they “want the elected block producers and/or ECAF to protect their interests.”

This action more directly gives the block producers and the ECAF arbitrary system powers and eliminates the question of whether or not they have a right to monitor, freeze or release your account.

These Ricardian contracts are a meant to be a clearer way of setting out the arbitration process and in theory, block producers and the ECAF won’t be able to freeze accounts that are “operating as intended”.

hacked.com

Time will tell if this presented solution will more clearly divine the rolls and responsibilities in the EOS ecosystem. Increased clarity on the “Intent of Code” is Law and the required additional accountability the EOS users, ECAF and block producers should follow this initial draft proposal in more detail soon.

In need of some support and resolution for the controversies encountered since the mainnet launch, Dan Larimer, Block.one and the EOS community have their fingers crossed that this is a step forward and a possible final solution to these troubles plaguing EOS.

https://medium.com/@bytemaster/the-intent-of-code-is-law-c0e0cd318032

https://github.com/EOS-Mainnet/governance/blob/master/eosio.system/eosio.system-clause-constitution-rc.md

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TI Naugs
Trade Crypto Live

Cryptocurrency enthusiast. Supporting Trade Crypto Live: In-depth Crypto market analysis & fundamental research and insights at tradecryptolive.net