seven major issues involve both computing power issues, DApp applications, and questions about the latest progress in EOS.
On the evening of July 5, after sharing with the Mars Finance International Group, V God (Ethereum founder Vitalik Buterin) joined the discussion and asked 7 major questions to the Mars community members:
1. bit continent and its controlled mining pool control 53% of the computing power of the bit network. Isn’t this a fatal problem?
2. Why is there still no widely used decentralized applications?
3. The account is broken and theft still occurs from time to time. Why has the account security issue not yet ended properly?
4. How can DApp still run normally when blockchain is delayed by 4~5?
5. The PoW mechanism consumes billions of dollars every year, and this loss exceeds theft and fraud. Isn’t this a tragedy?
6. What is the concentrated risk of proof of equity?
7. Does the gorgeous failure of the EOS governance mechanism mean that there are fundamental flaws in on-chain governance including DAO? How can community-type autonomous organizations like DAO deal with election bribery, chaebolism and other risks?
, the seven major issues involve computing power issues, DApp applications, and questions about the latest progress of EOS. From this, we can see V God’s thinking on dimensions such as the development of blockchain technology, , and the evolution of governance mechanisms, which triggered enthusiastic interactions among people in the two circles of the Mars Finance International Group Coin Chain.
V God appeared in the Mars Finance International Group and participated in the community Q&A interaction
Mars Finance Global Family was formed by Wang Feng, the initiator of " Wang Feng Ten Questions", and Mars International Partner Lin Wei (Vivi Lin). The group has held the "Wang Feng 10 Questions V God" and has attracted widespread attention and reports at home and abroad. (English interview transcript; foreign media reports: The Bitcoin News, Coin Journal)
V God problem is as follows:
My hard questions for any crypto people:
1. Bitmain and affiliated pools now have ~53% of all bitcoin hashpower. Isn't this a really big problem?
2. Why aren't there any useful large scale applications yet?
3. Why are there not yet good solutions to account security? When will the problem of account hacks and thefts be solved?
4. How can decentralized apps work well even with 5-10 second blockchain latency?
5. PoW is burning billions of dollars per year, even more than all scams and thefts combined. Isn't this a big tragedy?
6. What are the centralization risks in proof of stake?
7. Given how EOS government has turned into an epic fail, doesn't this means that all on-chain government including DAOs is fundamentally flawed? How can any DAO deal with bribe attacks, plutocrats and other risks?
