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      "body": "Congratulations @geos.one! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@geos.one/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@geos.one) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=geos.one)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "Recently I wrote two articles on EOS governance works:\n[All blockchains are governed blockchains](https://blog.goodaudience.com/all-blockchains-are-governed-blockchains-2f4896bf2747)\n[How to understand dispute resolution in EOS](https://medium.com/@Samupaha/how-to-understand-dispute-resolution-in-eos-48552a6e381f)\n\nThose might be helpful for understanding better how the system is intended to work.",
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      "body": "@@ -213,16 +213,22 @@\n nyi who \n+comes \n from GEO\n",
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      "body": "In a few weeks, due to the disordered governance on the EOS chain, the revision of EOS Convention has been hot topic, there are lots of discussions from the EOS communities. The following article is written by Dunyi who from GEOS. After reading, It’s welcome to make comments at the end of the article. Hope you to focus on GEOS and vote for EOS node: geosoneforbp.\n\nRecently, the author has been deeply involved in discussions on the revision of the EOS Convention organized by EOS Alliance. Now there are three versions of the EOS Convention as known. The V1 version which was drafted by Thomas; The V2 version which was drafted by BM (advocating that Code is law); And another version recently drafted by EOS Amsterdam, also there are other BPs and teams are drafting new conventions.\n\nAlthough the discussion on the revision of the Convention has been going on for nearly two months, I find that the process of the new convention has been in a quagmire without any clear goals.\n\n![GBKdesign-EOS-9.jpg](https://cdn.steemitimages.com/DQmYfD1SgZAZAp8CXND7dw8Zis15kfD8g8j7NuktJsbf8Wm/GBKdesign-EOS-9.jpg)The V1 Convention is considered comprehensively which describes perfect governance on the chain, however many articles of V1 are impossible to bring into effect. The BM’s V2 version observes some practical problems in the community which is more succinct and more enforceable, however it’s very difficult to understand. After the discussion of the two versions of the Convention, although the author does not have too much legal knowledge, I still have a lot of thoughts on it.\n\nThe appearance of EOS convention in the block-chain industry is unprecedented, there is no reference object, so we can’t do as “Modelling before Deceased King”, but “Modelling after Deceased King”! Although we can draw lessons from the real life, there are lots of differences between real life and EOS chain. We should know that we are not building heaven, but simply maintaining order in the block-chain system of EOS.\n\nTherefore, to formulate the EOS convention, I think we should start from the actual problems encountered by EOS, we should solve practical problems for the purpose of formulating the convention! That is to say, Law is the law. Moreover, the convention can be simplified at the outset without thinking of everything. We can consummate it bit by bit which is conducive to the dissemination of the Convention and the establishment of community consensus.\n\n![GBKdesign-EOS-5.jpg](https://cdn.steemitimages.com/DQmesA2RPcYcWo3aGgwfaUfiLgQ1t1eYNnp61Pn2HnsGByh/GBKdesign-EOS-5.jpg)Speaking of which, is our thinking clearer? First of all, we need to think about the practical problems of EOS.\n\n●Property disputes on the chain. If a hacker steals money (such as personal accounts and DAPPs are stolen), should the Convention protect the legal property on the chain?\n\nTheoretically, the law should protect citizens' legitimate property from being infringed, but on the EOS chain, the stolen account can be recovered on the EOS is originated. This super-privilege has also brought a lot of controversy, the feasibility of this super-privilege requires common consensus throughout the community. If necessary, we need to consider the next question.\n\n1.1.\tHow to control the cost of enforcement for protecting legal property? Even in real society, the cost of law enforcement is also very important, although the law promises to protect citizens' legitimate property, actually there are lots of properties cannot be recovered. We need to discuss whether all the cases should be dealt with, whether the arbitration costs of the ECAF is reasonable or not.\n\nBM's V2 Convention is mainly a response to the above questions, in BM's view, super-privilege is not advisable, it brings more damage than helping people get their money back. He advocates restriction for the super-privilege, and only using the super-privilege when behavior violates code intent, introducing arbitration, any other cases are inadmissible. This is one solution, or we can discuss other solutions.\n\n●Another main problem is the Code of Conduct on the EOS chain. Bluntly, it is mainly about BPs’ Code of Conduct, because BPs play a very important role in EOS DPOS. Their responsibilities, authority and some other behaviors (bribery, alliance) are key elements for the stability of the entire system. Now some scandal of BPs has caused a lot of negative effects, we should try to urge BPs people to do good things so that EOS can develop healthily. The Convention may focus on eliminating bad cases, what we need to discuss it how to set the base line of their behavior and how to ensure the enforcement.\n\nOf course, the following parts also play an important role in the Code of Conduct: ECAF and DAPP developers.\n\nIn addition, there is an elephant role: Block.one. Its duties and authorities are seldom discussed, however the Black one team, as the initiator of the EOS project, has a strong influence, but their responsibilities seem unclear. \n\n![1_V929Mfi5NBM9EdDBIJIZfQ.png](https://cdn.steemitimages.com/DQmPKhhu9EuLFVzuRWPgdfcpa9xza5u6mHTPyZFzeuyxdAW/1_V929Mfi5NBM9EdDBIJIZfQ.png)Limited by my personal experience and knowledge, I don't have much thoughts about the details of the convention, I think it would be better to find more professional people to help us to formulate the convention.\n\nThe above are two most prominent issues that I have observed on the EOS community at present. If the convention can be formulated closely around the solution of the two problems, I believe that the future process will be much clearer.\n\nOf course, there are many other problems which need to arouse our great attention.\n\n1. EOS is still very rough, there are many aspects need to be optimized such as the direction of improvement, the process and so on;\n2.How to use the 4% inflation;\n3. The amendments to the Convention;\n4. Other questions.\n\n\n![6AE891A7-50DD-4BD6-8F87-13A39AB778CC.png](https://cdn.steemitimages.com/DQmdxwPWvby9yXYhY2WdRFwuqy96S5Zcw91AXhBTMtUvbFE/6AE891A7-50DD-4BD6-8F87-13A39AB778CC.png)\nIn conclusion, the author's view is that it is very important to formulate a convention, but the formulation of the Convention should be based on solving the substantive problems as the starting point. Law is the law, the convention should be formulated as simply as possible so that it can be implemented successfully.\n\nAbove is the author's personal opinions on the formulation of the Convention, I hope the EOS can have a bright future. It’s welcome to make comments at the end of the article. I am Dunyi from GEOS, wish you to focus on GEOS and vote for EOS node: geosoneforbp.\n\n●EOS Convention Template (Draft)\n\n1. The Convention protects the property from infringement;\n1.1. Further explanation that what kind of property is protected;\n2. The Convention limits the responsibilities and authority of key roles in EOS block chain system;\n3. Provisions of the Convention on upgrading and optimization of EOS system;\n4. Provisions of the Convention on the amendment of the Convention itself;\n5. Provisions of the Convention on the use of public property;\n6. Other derails.![柚一说一-01.jpg](https://cdn.steemitimages.com/DQmXzbPiuB5fgh8CWkSxvSPUnibEBjePQ5DHsLsGNVYz2gj/%E6%9F%9A%E4%B8%80%E8%AF%B4%E4%B8%80-01.jpg)",
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      "body": "Excellent article!\n\n> \"The key mistake of the argument lies in its misconception of property rights, we believe that property rights are absolutely based on goods (or space), and that the total amount of goods (or space) is limited, then the principle of force or First-come-first-served exclusive property rights are established, resulting in unfair distribution of property in essence. Actually, property rights are determined by behavioral boundaries. How do you understand this statement?\"\n\nThis is an excellent critique of the 'property rights' school of thought.  Property as a basis for society is fine until it isn't.  Property is not a basis for all issues, and when those issues are paramount, trying to propetise them will just make them worse.",
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      "body": "About Project of URI, there are lots of discussions from Chinese EOS groups and communities. The following article is written by Guangshu who opposes to URI. After reading, It’s welcome to make comments at the end of the article. The article is translated by GEOS. Hope you to focus on GEOS and vote for EOS node: geosoneforbp.\n\n\nThe Ridiculous URI\n\nBM envisages a project called \"Universal resource Inheritance\" --which levying a 5% annual tax on all resource holders around the world and then distributing it equally to everyone around the world. It corrects the current unreasonable property rights (resource allocation) system. For one thing, the poverty can be eradicated so that everyone lives above the Poverty line; On the other hand, the original property of the unreasonable possessors of wealth (mainly the rich who are incapable of creating wealth) can be redistributed after an entire generation.\n\nBM believes that this is the most perfect and logical project of property rights. It can be implemented on EOS.\n\n\n1.\tWhat is your property？\n\nYou must be aware of the first question right now: Who has the right to levy taxes? Will the resource holders agree that you levy a 5% tax?\n\nBM has thought the answer to this question early, levying the taxation is the system which is basic institution of it. Resource holders have no right to oppose the 5% tax increase because fundamentally they should not have 100% ownership of resources. It is ridiculous as people's possession of resources. Who owns the moon, who owns the ocean? Why Adam and Eve can decide all the resources allocated to the future generations? Do people have the right to open up oil and cut down the rain forest? People have no right to make such a decision.\n\nIf you check up our current system of property rights from a perfect perspective, you will find that its moral foundation is indeed problematic, at least it is too arbitrary. We regard that respect private property as the supreme moral, but all private property rights have their ignominious obtain at least once. How did the land become private? How was the country established? Even the subsequent inheritance system has become the subject of suspicion: your family's property has been handed down from generation to generation, why can you get it without any work?\n\nIf you're Chinese, you'll be nervous to read this because you're too familiar with this argument. The last time someone told you that you didn't have property rights, the result was that the country was almost destroyed which we've all suffered so far.\n\nThe key mistake of the argument lies in its misconception of property rights, we believe that property rights are absolutely based on goods (or space), and that the total amount of goods (or space) is limited, then the principle of force or First-come-first-served exclusive property rights are established, resulting in unfair distribution of property in essence. Actually, property rights are determined by behavioral boundaries. How do you understand this statement?\n\nFor example, you possess a seize of land, what does it mean?\n\nTen thousand years ago, you were a barbarian nomad, you would think that \"owning a piece of land\" was simply a nonsense. Because in your eyes, there is no land belonged to you and no land belonged to anyone else. Your understanding of owning a piece of land is that I can come here to graze when there is plenty of water and grass, but others can’t do this.\n\nOne thousand year ago, you were a farmer, you would think \"owning a piece of land\" was I could plant on this land, but others can’t, even in the drought years, you decided to abandon this land, anyone else can’t to do anything here without your consent.\n\nLater, someone built a reservoir on the hill and diverted the water to every farmland, you find that because of others’ behavior, you lost the complete value of the land. Neighbors got the \"right to water\" from the reservoir, if you didn’t follow, your land can only rely on the God, the value of your land dropped deeply.\n\nA hundred years ago, you decided to build a factory on your land, you find that your \"property rights\" were more limited and divided, \"water rights\", \"noise rights\", \"pollution discharge rights\", \"lighting rights\"...\n\nTherefore, your property rights are determined by the society's confirmation of the \"boundary of other people's behavior\". With the changes of society and resource allocation, the development of production mode, the identification of the boundary of other people's behavior has evolved constantly which leads to the different connotation of your property rights.\n\nIf the boundary of people's behavior is uncertain for a certain object (or space), then the claim of property right is uncertain. At this time, the object (or space) is in the state of indeterminate。 It's like no one ever claimed that he has owned a river.\n\nOnce the boundary of behavior is defined by society, then there will be infinite uncertainties outside the boundary that may actually divide your property rights in the future. Even if someone in history claimed to own a river, the original owner of the river's property rights is infinitely divided by the long history of evolution. So there is no point in asking \"who owns the moon\" or \"why did Adam and Eve decide the division of property for future generations\". Neither would have the question that \"someone who owns the moon can levy tax from the person who enjoys it\", nor \"wealth created by the moon can be possessed by a person and never be shared by the society.\"\n\nThere has never been an ultimate definition of property rights or the ultimate allocation of property. If we look at it statically, the property distribution system of each generation is unfair, but if we extend it to generations and even the whole history of mankind, we will find that it is very fair. We can only establish the exclusive boundaries of property rights by establishing the current behavioral boundaries. If I have one dollar, I think it's equivalent to the value given to it by the current wealth network (equal to an egg). If you use non-market ways to make more money that resulting that I have to pay 2 dollars to buy an egg, that's a 50% infringement on my property rights.\n\nIf it's true that how much EOS you have represents how much EOS rights you have, then EOS rights belong to every EOS holder, and any addition to EOS is diluting your rights. The 5% addition is not conditional private ownership, but conditional transfer from the holder. The so-called \"the resource owners have no right to use up the resources\" is completely nonsense, it is infringing on your property rights. Adding EOS without your consent is also an infringement on your property rights, no matter how magnificent the infringement is described, you have to keep alert naturally.\n\n\n2.\tCan URI eliminate poverty?\n\nURI describes a society that seems to be common prosperity, with 75% of the middle class don’t need pay taxes at all (because their taxes are equal to their welfare), and some of the rich will consume all their wealth for a lifetime to subsidize the poor without any savings.\n\nBM believes that under the URI system, every person would ideally receive a basic subsistence allowance every year so that all people can live above the poverty line, there will be no more poverty and hunger, and even under the URI system, the parents' property obligations (upbringing) for children may be abolished in the future.\n\nObviously, this is impossible.\n\nWe assume that URI will be implemented on EOS. It is entirely predictable that in the early stages, the network will expand rapidly and the limited wealth funds will be allocated to infinite demands. The value of wealth that everyone receives is minimal, not only it cannot eradicate poverty, even that nobody wants to get it. Unless the value of EOS rises by 23 thousand times rapidly, it can barely reach the international poverty line. For American poverty standards, EOS should rise by 210 thousand times, with a total market value of $1,000 trillion.\n\nArabian Nights!\n\nHowever, BM said that it is an ideal. The future belongs to those who believe in the beauty of their dreams. After all BM is building the system on the basis of human generations, it’s too narrow to limit it with EOS.\n\nBut BM still thinks poverty too simple. Poverty is not a simple result, not an absolute number. Fundamentally speaking, it is unsolvable.\n\nObjectively, the uneven flow of wealth information is a universal phenomenon. There is no universal principle for predicting purchasing power in each region, every time period and each different groups. The additional issuance to each person is impossible to guarantee the basic standard of living.\n\nSubjectively, people also have different wealth information processing strategies, resulting that they are always in a poor state from the view of different perspectives, different periods of time. Even if we have just invented the concept of \"absolute poverty\" as a cover for poverty, we still cannot completely eliminate which involves all aspects of international politics, social governance, economic system, customs, law and so on.\n\nPoverty can be alleviated but never can be eradicated.\n\n\n3.\tHow many people can endure the dilution of wealth?\n\nA man named Cannon has 50 thousand EOS in his hand. Assuming he can't increase his EOS by making money on his own, he doesn't need to spend the 50 thousand EOS. Assuming that the future population will remain unchanged by 7 billion. Then under the URI system, his EOS will increase by a dozen in 100 years, but his original wealth purchasing power (to EOS) will shrink by 99.3% - this is BM's purpose. Could Cannon endure such an exaggerated wealth dilution?\n\nSome people choose to believe it unexpectedly.\n\nMost of BM's followers don't believe in his so-called perfect system of URI. They just sniff out the possibility of speculation from this wonderful story.\n\nTheir abacus is obvious: As a large number of new users pour into EOS, the scale of the network expands rapidly, bringing about the expansion of ecological value. The EOS value of all 300 thousand accounts is 40 yuan. If 7 billion people all over the world have EOS accounts, then EOS will usher in a skyrocketing state. In this case, URI is really a good deal.\n\nIn fact, What they want is only the demographic dividend at the initial stage.\n\nWhat is the so-called demographic dividend? It is the difference between the growth rate of ecological value brought by the expansion of network scale and the extent to which wealth is diluted by the expansion. If the difference is positive, then the demographic dividend exists. If the difference is negative, then the demographic dividend disappears.\n\nWill the demographic dividend always exist? The network scale can be expanded in an unlimited speed without restriction?\n\nAssuming that URI brings 700,000 users in the first year, there will be one million people holding the EOS which means that each account can get 40 EOS in the first year, this inflation will not affect Cannon. On the contrary, Cannon believes that it will stimulate the next wave of people to register for EOS, thereby expanding the ecological value of EOS by more than 5% so that Cannon's currency may not depreciate or even soar.\n\nUntil now, Cannon is right.\n\nBut the question is, if there are only 1 million people in the world? After 100 years, every account will be distributed 130,000 EOS, Cannon's wealth will be diluted. If he has only 50 thousand EOS in his hand and doesn't make more money, his wealth level is only 50 thousand richer than the poorest people, not much higher than the poverty line.\n\nCannon may say no, how can you assume that there are only one million people EOS users in the world, EOS is awesome, everyone will like it, 7 billion people all around the world are the potential users of EOS! Stimulated by getting money for free, there will be waves of people participating in.\n\nAfter careful calculations, Cannon thinks that EOS accounts will expand slowly when it gets X billion, and then he throws the EOS coins away at the high point and cashes out.\n\nWould you agree that EOS would be distributed equally to all the people in the world without additional issuance with paying the tax of 5% each person per year?\n\nBM knows that no one will agree to this plan, so he gives it a different name and make it a welfare system. His supporters hope that the URI is a system of self-production; Others know it is a tax system, but they don't want to pay 5% tax, they only want to make money when it skyrockets.\n\nSometimes, BM is very lonely.\n\n\n4.\tTechnologically speaking, Can URI be implemented?\n\nTo implement URI, a key technical problem is how to identify valid users accurately. If it cannot be solved, the system will become a teller machine for a specific group directly.\n\nEven URI supporters who want to earn a demographic dividend are also worrying about KYC. Since this part of people is in the mainstream, it seems that the implementation of KYC in technology is the biggest problem whether URI will be implemented.\n\nAt present, KYC does not have a complete solution, of course, in my opinion, there will never be a perfect KYC under the chain to solve the worldwide population identification problem. KYC on the chain is also nowhere in sight.\n\nBut never underestimate the hardworking and imaginative of BM.\n\nI regard URI as the \"Everyone is mining\", the block-chain genius BM will invent a Turing Machine called \"God\" to implement URI. It will recognize you as a person in front of a computer, and recognize that you have not been included in the URI system. 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      "body": "I think it would be good to make a distinction between UBI as an app on EOS and a UBI as a core feature of EOS.\n\nNobody should oppose a smartcontract which distributes its own tokens as a UBI for its users. That would be great because it would bring a lot of new users to the EOS ecosystem. Nobody would be forced to participate in it.\n\nBut UBI as a core feature of EOS is very different. It would create new EOS tokens (inflation) and distribute them to all individuals. I'm opposed to it, too, at this point. It would bring new users, so in that way it would be beneficial to EOS, but using so much resources to just one app would be very dangerous.",
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      "body": "It is true that giving money to the poor (or anyone) may not necessarily be beneficial to anyone in the long term.  If a unit of account (money) does not represent useful work performed in a system then it's likely to have little value over time.    It is my experience that an economic system accounts for \"money without work\" with raised prices.  However I believe we need to get all relevant information on the proposal before dismissing it.   Whilst we should learn the lessons of the past, it's come to a time in history to use specific (and in context) explanations rather than use terms such as \"left\" that have different connotations with different people.    Thanks for the post. Your points are very valid.",
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      "body": "About Project of UBI, there are lots of discussions from Chinese EOS Alliance group. The following are some brilliant comments from Guangshu who opposes to UBI.\n\n1.\tExcept a few sporadic experiments, the project UBI has never been proved right. The aim of UBI is too ambitious to satisfy the appetite of the Left-leaning, even though the history has fully proved unsuccessful for many times. The same is true for the UBI, it will be meaningless if the scale is too small and it is too risky if it’s a large-scale.\n\n2.\tUBI is an extremely Left-leaning ideal, which is identical to the view of wealth behind Keynesian economic policies, the only difference is the way and the target of giving money. Keynesianism believes that the State can avoid economic cycles by the adjustment of monetary and fiscal policies, and this logic is questionable. Eventually it turns out that it is only benefit for the wealthy to protect their wealth those who can anticipate the consequences of policies and implement them. Then UBI wants to give money to the poor directly. Such attempts is contrary to the free market economy which I believe will ultimately hurt the whole system. Perhaps low-cost, small-scale implementation with good institutional design, can minimize this harm, but because of the reasons described in 1, I don't think UBI can be tried on EOS now.\n\n3.\tif UBI is the EOS system level policy, there will be a real technical problem: how to carry out KYC. If the KYC on the chain doesn’t achieve such level, Before the blockchain becomes a necessity for people's life, KYC on the mature chain is almost impossible.\n\n4.\tCan we make KYC under the chain? Neither, there will be many questions, here I don’t expatiate on it.\n\n5.\tThere is another question: does EOS need real-name voters? \"Don't look at my vote\" is the fundamental freedom that voters struggle to obtain and is the core foundation for representative societies not to degenerate into another kind of autocracy. How should UBI do this?![柚一说一-01.jpg](https://cdn.steemitimages.com/DQmXzbPiuB5fgh8CWkSxvSPUnibEBjePQ5DHsLsGNVYz2gj/%E6%9F%9A%E4%B8%80%E8%AF%B4%E4%B8%80-01.jpg)",
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      "body": "AS a Block Producer.We are owned,managed both by Wichain Technology and Magic Time Technology.\nwe have no plans to change our organizational structure or our ownership.\n\nOwnership:\n\nWichain Technology based in Shanghai, China, owned 60% equity of GEOS.\n(owned by Jialing.Liu；Jevon.Zeng；Yushan.Zheng；Chris.Ran；Tao.Zhang；Zhiqiang.Wu)\nMagic Time Technology based in Beijing, China,owned 40% equity of GEOS.\n(owned by Desheng.Zhai；Zengbo.Zhang;Wei.Zhang;Shiyue.Song)\n\n Website :https://www.geos.one/",
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      "body": "We commit to launch EOS from the following repo: https://github.com/EOS-Mainnet\n\n#EOSmainnet\n#EOSconstitution\n#EOSlaunch\n\nGo EOS!\n\n我们承诺从以下代码库启动EOS：https://github.com/EOS-Mainnet\n#EOSmainnet\n#EOSconstitution\n#EOSlaunch\n\n加油EOS！\n\nRef：\nhttps://forums.eosgo.io/discussion/1109/governance-announcement\nhttps://github.com/EOS-Mainnet/Community-Launch-Docs/blob/master/README.chinese.md",
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      "body": "Good to hear it, thanks guys",
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      "body": "STATEMENT TO COMMUNITY\n\nTo The EOS Token Holder Community:\n\nAs the launch of EOS nears, speculation within the community concerning competing EOS mainnet launches has increased. As one of many Block Producers across the world responsible for organizing and launching the EOS mainnet, we would like to put the community at ease and declare our intent for the following:\n\nWe, GEOS, do hereby pledge to present to the community one chain which fully honours the EOS token distribution for their validation. We further agree that we will support calling this validated chain the EOS mainnet, exclusively and definitively.\n\nWe publish this letter in concert with following Block Producer candidates from the global community:\n\nhttps://docs.google.com/forms/d/e/1FAIpQLSfcby9dp-meruj1UZ6m-0yF9s_y4-SdNzrHxmS-SB8-uTQuCg/formResponse\n\nSincerely,\nGEOS  & The EOS Block Producer Community\n\n致EOS.IO 社区：\n\n随着EOS发布时间的临近，社区内有关各团队竞相启动EOS主网上线的猜测日益升温。作为全球负责组织和启动EOS主网上线的众多节点中的一员，我们希望社区消除疑虑，并将团队意向声明如下：\n\n我们，GEOS，在此承诺将与其他团队共同合作，向社区提供唯一的一条EOS公链，充分尊重并遵循可供验证的EOS代币分配机制。同时，我们约定并明确支持将这条经过验证的公链命名为EOS主网。\n\n我们与如下来自全球社区的节点竞选团队联合发布此项申明：\n\n\nhttps://docs.google.com/forms/d/e/1FAIpQLSfcby9dp-meruj1UZ6m-0yF9s_y4-SdNzrHxmS-SB8-uTQuCg/formResponse\n\n诚致，\n\nGEOS 团队与 eosio 社区。",
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