- Legally sound. The Community Constitution is the only one drafted by a seasoned blockchain lawyer, co-founder of EOS Amsterdam. All other proposed constitutions have (unfortunately) important legal flaws.
- The Community Constitution was developed with participation from East and West thought leaders, reaching consensus on the content. It is the result of a truly worldwide effort.
- The Community Constitution provides clarity and allows for flexibility. It doesn’t create or sustain a legal vacuum where no one knows who is entitled to do what. It is conclusive. All of which greatly diminishes risks for token holders, devs and block producers.
- It limits voting to 1% and ownership to 10%). Which means it allows for whales, but prevents EOS being bought and ruled by one person. It creates a level playing field.
- The Community Constitution acknowledges that without persons or organisations that protect the constitution (judges, arbitrators), the constitution doesn’t make sense. It creates a market for arbitration with the clear understanding that the majority of the community prefers to automate the rules. It provides lots of room for agile development.
- It introduces fast and easy referenda to make community decisions.
- It limits the powers of the block producers to change the code to require that all changes remain within the Community Constitution.
- It acknowledges that it needs to be clear which rules will apply regarding disputes that originate under the old interim constitution.
8 reasons to vote for the Community Constitution (based on the EOS Amsterdam Charter)
Published by: Brian Date: January 14, 2019 0 comments