Ethereum’s co-founder Joseph Lubin questions EOS decentralization
|- “A platform controlled by 21 crypto bros is just not all that decentralized,” Joseph Lubin on EOS.
- EOS has been on the spot since reports that Huobi stakeholders were accepting money for voting influence.
The founder of ConsenSys who doubles up as a co-founder of Ethereum Joseph Lubin recently expressed his opinions of several platforms that claim to be decentralized in the industry including EOS, Cosmos and Dfinity. Lubin expressed his opinions during the recently concluded Deconomy conference which was attended by people from all over the world.
EOS has been on the spot since reports that Huobi stakeholders who are part of its decentralized system were accepting money for voting influence.
“How about EOS? As has been debated endlessly, a platform controlled by 21 crypto bros is just not all that decentralized. They can collude and censor if they wish. Governments and other well resourced actor can bribe them or force them to act against their will and against the well being and the security of the people using the platform…I can imagine EOS being used for some games, but not even games that have high value tokens. It is too easy to organize to steal value on this platform,” according to Lubin.
While commenting on Cosmos, the founder said that the platform is praise worthy. However, its developers do not really tackle the issue of trust which requires that they develop a base layer of trust.
“I expect Cosmos to have good utility as a Layer 2 solution, linked into the base trust layer when necessary. Cosmos also expects to interop with ethereum through a token bridge…[Dfinity] appears to me they are less interested in being a global base trust and settlement layer and more like a somewhat decentralized AWS replacement.”
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