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EOS Is ‘Centralized and in the Hands of the Chinese,’ Claims Everipedia CIO

2 mins
23 August 2019, 08:10 GMT+0000
Updated by Adam James
23 August 2019, 08:10 GMT+0000
CIO of Everipedia, Larry Sanger, recently said that building of decentralized applications (dApps) on EOS will prove difficult if it is de facto centralized in the hands of the Chinese. Sanger claims that he has been making noise internally about this issue for months.
“It can’t go on much longer,” Sanger said regarding the growing issue within block producers on the EOS network. With the network increasingly growing centralized among Chinese oligopolies, the CIO of Everipiedia and former Co-Founder of Wikipedia made his concerns public recently on Twitter.

EOS a ‘Chinese Oligarchy’

Sanger was responding to a recent statement made by Brock Pierce who has been addressing the accusations of buying voters and collusion currently plaguing EOS governance. In a worrying speech to block producers, Pierce said that “the ecosystem is a bit of a Chinese oligarchy right now” in a shocking admission. He seemed to also acknowledge that this has become an easily-recognizable fact. Replying to Pierce, Sanger said that, if this continues, then decentralized applications on EOS will prove untenable. With no mechanism of accountability, the 21-block producer DPOS model has shown its limits and now EOS creators are struggling to reign it in. Sanger’s comments should definitely pour some cold water on those currently in denial about EOS. Not only was, and is, Everipedia the most promising project on EOS, but it also is the most visible dApp on the network as well. With Sanger now making his concerns public, it seems that some steps will have to be taken to prevent this issue from further choking the network. StormGain

Responding to the Issues

The responses to Sanger’s comments have been I-told-you-so’s and relative agreement. One user (@CryptoLionel) suggests that EOS “create a system with more Block Producers and then maximize it per country.” Moreover, some were surprised as to why someone of Sanger’s stature was involved with EOS to begin with. Founder of EOS Miami, Marlin Williams, chimed in saying that enterprises are simply not choosing EOS because they do not have the patience to “wait out its numerous issues.” Overall, it seems that EOS has some deep-seated structural issues which seemed to have emerged as a consequence of its quasi-decentralized model. It’s still unclear whether the issue can even be corrected at this point given that the EOS mainnet has been live for over a year now. Do you agree that EOS is being increasingly controlled by a ‘Chinese oligarchy?’ Let us know your thoughts on this story in the comments below.  Buy and trade cryptocurrencies with a 100x multiplier on our partner exchange, StormGain.


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