EP80: Discussing Free Market Arbitration with EOS New York

Published: April 27, 2018, 2:10 a.m.

b'With < 40 days until the launch of the EOS.io software, I interviewed one of the most prominent Block Producing candidates, EOS New York, and their Head of Community Kevin Rose. \\n\\nSince we\\u2019ve previously covered the mechanics of HOW Block Producers will secure the network and how they are technically in charge of creating and inserting transactions in to the blocks, this episode focuses on the different roles that BP\\u2019s have; being a community role model as well as running a \\u201cfor profit\\u201d business. Remember, we are launching and supporting the EOS blockchain to be entrepreneur and business friendly and to support a worldwide community of like-minded individuals. \\n\\nMy favorite segment was when Kevin and I discuss, in depth, the role of governance within EOS. Let\\u2019s face it, people have disagreements which must be arbitrated and must address the issues of fraud and theft. No other chain is taking a serious stance on how to this on-chain. With Bitcoin, it\\u2019s whoever has the most hashing power, but in EOS there\\u2019s a governance and legal layer build thought through and built in from the ground. \\n\\nFor example, if you feel like you were scammed (maybe on an Ebay that\\u2019s built on EOS), you actually have an outlet to appeal to who can hear your case. You know, kind of like in the real world. A ruling can be given from the arbiters and the transaction could be reversed by the Block Producers. \\n\\nThe concept of a \\u201cfree market justice system\\u201d is quite foreign to most, but just as we want competition in all other aspects of life (food, computers, money, etc) we want it in our legal system as well. The checks and balances as well as the feedback mechanisms of the free market will continually reduce costs and improve quality over time. In the legacy system, the government has a monopoly on the legal system which is why it straight-up sucks. \\n\\nThink about this, you could have 1000\\u2019s of people to choose from to hear your case. Each of them specializing in various niches so that you can get the most accurate and trustworthy ruling available. \\n\\nAlso, how will insurance companies play a part in this new blockchain-based governance model? I don\\u2019t know, and that\\u2019s the best part. We are free to evolve our legal system however we see fit! \\n\\nThe EOS software is coming and may usher in a new phase in \\u201cblockchain operating systems\\u201d with technology that can support mass adoption. A new Dawn is coming. \\n\\nBuild Freedom,\\nAshe\\n\\nContact Info:\\n\\nTwitter: https://twitter.com/eosnewyork \\nTelegram: https://t.me/eosnewyorkchat \\nWebsite: https://www.eosnewyork.io/ \\nEmail: community@eosnewyork.io\\nSteem: https://steemit.com/@eosnewyork \\nMedium: https://medium.com/@eosnewyork\\nYouTube: https://www.youtube.com/channel/UCg7aeCSXUTP49w_elxgYIXA \\n\\nPodcast Resources:\\n\\nEOS Telegram List:\\nhttps://tinyurl.com/EOS-Telegram-List \\n\\nPLEASE LEAVE A REVIEW ON YOUR FAVORITE PLATFORM!\\nYoutube: http://www.youtube.com/c/LibertyEntrepreneurs\\niTunes: https://itunes.apple.com/us/podcast/liberty-entrepreneurs/id1057809945?mt=2\\nSoundcloud: https://soundcloud.com/liberty-entrepreneurs\\nStitcher Radio: http://www.stitcher.com/podcast/liberty-entrepreneurs-podcast\\nTuneIn Radio: http://tunein.com/radio/Liberty-Entrepreneurs-Podcast-p805213/\\nGoogle Play: https://play.google.com/music/listen#/ps/Iqp3bpqbhske6s6476yfy2yyylu\\nPlayer.fm: https://player.fm/series/liberty-entrepreneurs'