• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Breaking News: Tether Announces Strategic Partnership To Combat Stablecoin Misuse
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Bitcoinist.com
No Result
View All Result
Breaking News: Tether Announces Strategic Partnership To Combat Stablecoin Misuse

‘No One Should Have That Power’ – Charlie Shrem Slams EOS Funds Freeze

Kyle Baird
by Kyle Baird
7 years ago
·
Posted in EOS, Altcoins, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

EOS is under fire yet again over a controversial decision by the 21 block producers — to freeze seven accounts that are suspected of carrying stolen funds. This decision circumvented the arbitration body that was put in place to handle matters of this nature. Criticisms of EOS’s ‘constitution’ and ‘centralization’ continue to plague the newly launched platform. 


Is That How Things Are Done?

Decentralized apps platform EOS has been the subject of controversy over the course of this month, beginning with the two-week late launch of their Mainnet on June 15.

Its ‘constitution’ has also been an item of heavy scrutiny, as most of the articles are somewhat ambiguous and lack definition. One puzzling article in particular states that any account holding EOS that remains inactive for a period of three years is subject to forfeiture and can, as a result, be auctioned off, with the proceeds divided up between remaining members.

EOS – EOS (Dawn 3.0 Release)

EOS’s most recent debacle involves the freezing of seven accounts which are suspected of carrying stolen funds. This decision is questionable as it was made by the block producers irrespective of the refusal of action by the EOS Core Arbitration Forum (ECAF).

The ECAF — the body in charge of arbitrating disputes of this nature, refused to take action against the suspected accounts citing lack of authority with only an interim ‘constitution’ in place.

Jackson Palmer — the creator of Dogecoin — tweeted his criticisms of the EOS block producers’ decision to sidestep their own body of arbitration, executing the decision by themselves.

“A block producer froze several accounts without going through the ‘arbitration’ process,” he noted.

https://twitter.com/ummjackson/status/1008944926757814272?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fthenextweb.com%2Fhardfork%2F2018%2F06%2F19%2Feos-cryptocurrency-constitution%2F

‘Protect People And Punish Baddies’

The big argument critics are debating is that ‘decentralization’ and ‘immutability’ are the essences of blockchain technology — and some feel this decision by the EOS block producers violates both.

Charlie Shrem Sentenced to Two Years in Prison

On the other hand, some members of the EOS community feel that the EOS block producers are within their rights to protect their investors and community by taking action against those who violate the ‘constitution’.

A Twitter user that argued the case for the block producers decision was retorted by Bitcoin Foundation vice chairman Charlie Shrem who asserted that no one should have the power in the crypto space for “protecting” and “punishing” and doing so is simply a “waste of everyone’s time.”

What do you think about the block producers’ decision to freeze the suspected accounts? Let us know your thoughts in the comments below! 


Images courtesy of Twitter, Shutterstock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Kyle Baird

Kyle Baird

Follow

Full Profile

Related Posts

Altcoins

Altcoin Season Index Points To Possible Bottom Despite Bitcoin Dominance

3 days ago
Altcoins

Altcoin Season Brewing? Index At Levels That Historically Spark Massive Rallies

4 days ago
XRP

XRP Eyes $2.60 As Price Action Teases Breakout Above Critical Resistance

5 days ago
Altcoin

Altcoin Season Not Coming? Bitcoin Risks Crash To $98,200 With Negative Sentiment

1 week ago
เหรียญ Altcoin มาใหม่ TOKEN6900 ว่าที่ SPX6900 คนต่อไป 1

เหรียญ Altcoin มาใหม่ TOKEN6900 – ว่าที่ SPX6900 ต่อไป?

1 week ago
BTC Bull Token โครงการแจก Bitcoin ต่อเวลารอบพรีเซลอีก 7 วัน!

นับถอยหลัง! 4 วันสุดท้ายก่อนการเปิดตัว BTC Bull Token

1 week ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Earn $3,300 a day – Start a Dogecoin Miner Using...

    4 hours ago
  • Make $6,870 a day? You can also easily achieve the profit...

    4 hours ago
  • ETHRANSACTION Cloud Mining: Let Dogecoin truly “win...

    9 hours ago
  • How to Invest $100K? Top Secure Crypto Mining Platforms in...

    11 hours ago
  • mining

    AIXA Miner’s Advanced AI Cloud Mining Solutions Help...

    13 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.