Interesting post and good to see you posting on Hive,
One of the biggest issues with the EOS mainnet was the rise of Exchange BPs - effectively a cartel - that calcified in the top 20-30 block producers. Developers and community leaders suffered as a result and often positive contributions to the ecosystem struggled to earn enough block rewards to support their development projects and many were forced to move to sister chains or abandon their projects.
Is it inevitable for all DPOS chains, as suggested by Brendan Blumer, that a control group effectively always appears (BTC mining pools, vote trading, etc)? And what are some ways to that DPOS chains can maintain a healthy balance in their ecosystem and negate the formation of control groups who are only interested in profitability and maintaining their position at the top of the food chain?
Cheers
I have a new consensus algo I’m playing with that eliminates voting and proof of stake while being open entry like bitcoin.
Is it a currency or a smart contract platform or something different altogether?
It requires a token, but I won’t do an ico. It doesn’t have finality (similar to bitcoin). Critically, it shouldn’t require hardforks or governance at the protocol layer.
Cool. When do you plan to tell us more about this idea, and when you plan to launch something? {not trying to push, but super curious what this will be about and when we can see the next level chain}
Peos + telos + ipfs + vig + hive with Hierarchical Randomized Governance and worker proposal NFTs and eosio 3.0 for disk bssed mira style ram.... for cheap ram and thus billions hundreds of billions of eosio main net accounts all immutable all on multiple chains all with block producers ON EACH OTHERS chains
I think you should check Nyzo, maybe this is what you want.
How the Nyzo network works https://nyzo.net/getting-started-04.html
No ASIC, No GPU, No stake .Running a ipv4 node to become a Nyzo verifier, and verify blocks.
And real DAO governance (verifier voting), not whale governance (more money more power).
@chitty
This sounds similar to the proyect of @andrarchy https://www.koinos.io/
Is there any possibility that you would work together ?
Thank you Dan.
We've done a lot of work along similar lines from the consensus algo to removing hardforks/governance at the protocol layer. We should chat.
@chitty
Eosio independent main net called TELOS had built in rules from start and prevented any collusion https://telos.net and check out the constitution and telos amend and telos WPS .... ITS A DIGITAL DC