I am not advocating anything either. Just asking ...
By the way, it's just a rumor gleaned from various Twitter tweets but it seems that this seizing of funds and voting is a regular praxis on EOS.
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I am not advocating anything either. Just asking ...
By the way, it's just a rumor gleaned from various Twitter tweets but it seems that this seizing of funds and voting is a regular praxis on EOS.
I'm familiar with the EOS governance issues, so I can say that it isn't exactly the same situation we're observing on Steem.
EOS funds are not "seized", misappropriated might be the word, but exchanges such as Huobi powerup user tokens in order to vote themselves into the top Block Producer (BP) positions and in many cases they vote in a 2nd proxy BP in order to maximize their BP producer daily earnings.
Both DPOS systems are, in essence, under sybil attack (sock puppets).
The main difference that I see is that Justin Sun and Tron are attempting to control ALL of the witness positions with their proxies under the control of 1 entity. Thus, Steem's situation is currently more hazardous in my estimation.
Thanks for this insight about the EOS BP situation.
And yes, Steem is facing de facto centralization. Would already be centralized...