Google Cloud Being A Block Producer For EOS
The evil empire is stepping into the decentralized blockchain world. Is this a good thing or not?
In this video I discuss how this is a double-edged sword and we need to be careful with what is taking place. That said, this will not be the last large company to enter the space.
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Wow, I would never have guessed that would happen, I got eos years ago as a hedge against my steem holdings, and I liked @dans values about being a libertarian.
Google gives me a reason to dump my eos even though it could get a big pump from this!
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Google's entry could push EOS on a sustained run. This could help EOS to much higher levels, at least in the short to medium term.
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I think I should keep holding and see how it pans out, thanks for keeping us up to date on things going on!
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I caught the move few seconds when it happened as I saw the spike in my cryptocurrency portfolio and EOS is one of them and the only one positive for the day. I have quite a history with EOS as I've participated to the launch of Mainnet in London, invested in them and waited to moon, didn't happen, liquidated everything and just about 1 month ago I invested 1k more in them. For some reason even if they didn't prove themselves, I've always got back to them - call me sentimentalist. Even so, a good move for the moment let's see if it will beat the current red see in the crypto and stocks and if it will have a brighter future.
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Ooo nice!
In yesterday's video you were ripping EOS for being a dud after all their initial fanfare haha ;)
I still think their cash and traditional business connections will bear fruit.
At the very least, the potential in this is exciting on such an overall dud day for crypto.
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Google Cloud as a block producer certainly is interesting.
I am not sure how that changes the development on EOS at this point. We will have to see.
Certainly, $4 billion (or whatever is left) can go a long way and offset a lot of missteps.
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I actually just purchased some more since seeing this. I agree it could go on a long term run.
I do find it ironic that when you spin up one of their cloud servers it specifically says no crypto mining and some other blah, blah, blah about crypto.
https://twitter.com/ItsmRhino/status/1313761779886030848
Summary:
In this video, Task discusses the recent news about Google Cloud becoming a block producer for EOS. He delves into the implications of this move, touching on concerns about centralization, Google's involvement with a social media app requiring KYC, and the broader impact of tech giants entering the blockchain space.
Detailed Article:
Task's video revolves around the significant development of Google Cloud becoming a block producer for the EOS blockchain. This move has stirred up discussions and raised several points of interest and concern in the cryptocurrency community.
Task highlights the contrast between EOS's ideals of decentralization and Google's centralized nature, pondering the implications of such a collaboration. He touches on EOS's history, referencing their massive ICO of around $4 billion and their $20 million fine paid to the SEC.
The focus then shifts to the controversial aspect of KYC (Know Your Customer) requirements on EOS's social media application, Voice. Task expresses concerns about privacy and censorship, particularly in regions where freedom of expression can have severe consequences.
The discussion further delves into the power dynamics of block producers in delegated proof-of-stake (DPOS) systems like EOS. Task explains how stake plays a crucial role in determining the control and influence wielded by these block producers. With Google's substantial resources, there are concerns about the potential centralization of power on the EOS blockchain.
Task also compares Google's move with other tech giants like Microsoft acquiring OpenAI, showcasing a trend where traditional technology companies are integrating into the blockchain space. He cautions against blindly embracing these corporate involvements, stressing the importance of vigilance and community resilience.
The video ends with a call to observe closely how this collaboration unfolds, emphasizing the need to monitor the balance between corporate interests and the original principles of blockchain technology. Task's nuanced analysis encourages viewers to stay informed and vigilant as major corporations like Google make their foray into the cryptocurrency and blockchain realm.