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Blog: EOS Block Producer Tips & News

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EOS Canada's Stance On Vote Buying

May 15, 2018 / by Josh Kauffman

Vote Buying

EOS Canada believes that vote buying is detrimental to the health of the EOS network. It is short-sighted and only serves those voters who are receiving dividends, it detracts value from the platform (and all EOS token holders). As a Block Producer, EOS Canada believes in the value of long-term network building.

EOS Canada wishes to help build and maintain a community that will last not just for a year, but for many years to come. We seek to build businesses and applications that will operate on the EOS blockchain, and as such are deeply invested in providing a stable foundation for the longevity of the platform.

If a Block Producer believes that they require paying out dividends to voters to be elected, than they are showing that they are not confident in their ability to fulfill the requirements of the Block Producer position. We have been working for months before the launch of the network on creating a Golang library, the `eos-bios boot` sequence, and decentralized applications that can operate on the EOS blockchain once it is operational.

Why is Vote Buying Bad for the EOS Network?

While some users could see some short term benefit through receiving kickbacks, as well as the Block Producer who is elected based on payments alone, the value of the chain as a whole will be brought down. Token holders would see less maintenance of the chain, less security, and less forward progression of the technology.

If the top 21 Block Producers, as well as the Standby Producers, work to bring value to the chain through excellent infrastructure, rapid inclusion of transactions into blocks, and multiple connection points for dApps, the EOS network should see increased adoption. This would increase the value of the chain as a whole, possibly even outpacing the small dividend that a token holder would receive directly if they chose to sell their vote.

EOS Canada pledges to never offer any sort of dividend for votes, large or small. EOS Canada also pledges to never offer any sort of dividend in exchange for any Worker Proposal vote. We will always act with the interest of the chain above our own. We agree to abide by all of the outlines that will be found in the upcoming Block Producer Agreement, as referenced in Article 8 of the draft of the constitution.

EOS Canada looks forward to working alongside other Block Producer Candidates and the large base of token holders to whom we wish to serve. While we currently do not have a written policy in which we outline our stance on multiple issues, let this serve as our definitive stance on vote buying.

Topics: EOS Canada, Block Producer, Constitution, EOS network, EOS tokens, EOS Vote, Pledge

Josh Kauffman

Written by Josh Kauffman

Josh wants to educate those around him. Since learning of cryptocurrency, he’s become a missionary -- urging those around him to understand this technology that will underpin tomorrow’s world. His latest passion is the crypto space, looking to be part of those who lead the drive towards Web 3.0.

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