>The reason Andreas doesn't know about DPOS is that (a) DPOS just isn't above the radar, and (b) life's too short to know all the systems out there. Oh, and (c) people really don't want to know because their beliefs are going to be challenged.

Wow, very well put!

As other people have mentioned here you are spot on with the people not wanting to know because theyre beliefs will be challenged. This is theyre fear!

Thank you for the great post!

I also really look forward to seeing the results of EOS rise, it is exciting times and, aster are so many cryptos around, debunking and understanding the processes takes more than an expert on how to make money out of the inventions.

An excellent read and information, even the comments are enlightening for a newbie like me. Thanks a bunch! All for one and one for all!   Namaste   :)

Now he know: +70%.

Everyday I learn a little bit more by reading posts like this. Thanks for the insight.

U reallu should add to beyondbitcoin tag ;)

Looking from a personal investing perspective, I have really hit this understanding bottleneck. I don't want to invest into anything I haven't done enough research on, but that limits it to about 10 systems. If I find enough time to study 100 different systems, with whitepapers and forums, I might find 10 systems that I both understand and find promising. Even so, I get both false negatives and false positives - and it's frustrating. There's always something I miss, like the value of effective hype.

On the other hand, this understanding-bottleneck creates some nice information asymmetry, which often turns into good profits. People who are familiar with DPOS and Graphene will find it easy to understand EOS, and are at an advantage compared to those who are not. Another time it will be the opposite again...

Great post. It's ironic that the revolution of blockchain is trustlessness but what we're finding is that that's impossible for most if not all people. Even if the tech is there, most people will still have to trust the tech. Which means we come back to putting our trust in people and/or institutions. I think Andreas has an excellent point: at the moment Bitcoin has a trust value of 20 billion dollars (or whatever it's market cap is) times its time in existence. Other consensus systems are younger and less valued at the moment but they'll grow. Some will lose our trust (the DAO fiasco) and some will gain. But in the end there is no such thing as a trustless society, just degrees of trust.

if cannot understand it....just used it.....and utilized it....nice post....give u resteem and upvote...dude...

> "You can lead a horse to water... but you can't make it drink." 

The thing is... I'm not even a coder, just a geek by osmosis, and even I know what a gem DPOS is, and I can explain it reasonably well.  I couldn't explain any number of other systems out there, but once you're introduced to the Graphene toolkit family, and its super powers, then your survey of the available field of blockchain technology looks like:

*Ok, so can it scale?*  hmmm... **next**
*Alright! but can it scale?* hmmm... guess not.  **next!**
*Ahh intriguing, but can it scale?* nope.. **NEXT!**

This and other virtues puts DPOS and the Graphene Toolkit so far ahead that... yes, it's threatening if it's not your horse in the race, so... I guess you make like a horse and *keep your blinders on.* :P

> (c) people really don't want to know because their beliefs are going to be challenged.

An absolutely excellent example of this was my conversation with Tone Vays (bitcoin or bust person) at Consensus.  It was insanely embarrassing.  We spoke a bit and did a lot of listening to him rant and rave about how Dan is a scammer and how all Graphene chains, especially the newest iteration EOS, are money printing scams that Dan gets rich off of and throws to the wind because he's pure evil or something I guess?

After he was finished going on his tirade, we calmly asked him "Do you know what EOS is trying to do?  How it's going to try to work?  What its goals are?  Do you know about the underlying tech that's going into this and how it stacks up to the competition?"  His answer?  "No."

We walked away.

A great example of someone choosing ignorance over information in order to protect and reaffirm their personal bias.

@The best is to hold. Thanks great contente

These are very difficult subject and you really need to understand it before giving an opinion. I'm not a expect, nor an cryptographer but i will say i was lucky enough to discover Bitshares earlier. With a business administration and IT background, I could undertstand the design method of Dan work and even relate it with his life vision. It really click with mine and I started going into various aspect of it and comparing it with other: governance model, accnt management, accnt authorities, security, using technologie to solve real life problem.  Even in my blockchain community, people did not believe Steem was a Blockchain. It's a good thing to have   Bitshares/Steem/Graphene under the radar. As with Steemit, people need to use Blockchain with out knowing  it's blockchain and I think EOS will reflect this.

One really big problem has been that Bitshares and Steem communities have been very lazy to educate other people in the cryptoworld. Nobody knows about the power of DPOS because there are so few good resources to learn.

Bitshares doesn't even have a real whitepaper (only two drafts). Steem whitepaper is almost obsolete because it's so outdated.

I've been thinking to set up a some kind of information center website for EOS once it's launched and I understand better the ecosystem around it. It seems that I have to do it since nobody else is interested enough in educating others. I try to make sure that the same mistake that Bitshares and Steem have made don't happen again with EOS.

> But it might take some nudging, we might need to actively solicit some analysis from reasonable experts out there.

Yes, this is great idea. Good way to market EOS for cryptoscene is to hire some well-known individuals to make security audit. Peter Todd pops up to my mind first.

Nice, informative post!

Speaking of pundits: Just listening to a podcast of Nick Szabo with Tim Ferriss. http://tim.blog/2017/06/04/nick-szabo/ 

 Very interesting for me as a total newbie in this whole world.
I don't know Nick but trust Tim as an excellent curator. 
It is interesting to see that even a very tech savvy guy like Tim doesn't know all that much.  (the difference is that he is not afraid to admit it, makes me feel better that even he has trouble with it) . 

The problem with an ever more complex world, is that you are going to be more and more in the position of an incompetent newbie because things are developing much faster than anyone can learn. 

That's hard to accept for some people, their self image is that they are competent persons. 
The problem I think  is that competence is field-specific. 
I found it fascinating that you pointed out there are at least 7 disciplines involved in financial cryptography,  looking at them you might be competent in 2 at a time and have working knowledge of a couple more but almost impossible to know and understand them all fully. 

That almost guarantees that statistically almost EVERYONE is incompetent in the whole field of financial cryptography (defining competence as having the skill, knowledge and attitude to be effective in a field).

Few people like to admit to the limits of their expertise, because they admit to being incompetent in THAT discipline Ego wise that kind of equates to making you incompetent as a PERSON. 
Like Scott Adams (Dilbert) says:
"Everyone is an idiot, not just the people with low SAT scores. The only differences among us is that we're idiots about different things at different times. No matter how smart you are, you spend much of your day being an idiot."

So it becomes a recipe for a lot of faked expertise.   The blind leading the blind... 

The counterargument to that is: you don't need to understand everything about how your car works to drive it... 

I really want to develop my mental model around this blockchain thingy, I have an inkling it can be massively disruptive, but can't express coherently why yet. Still building my case in my own head... would be great if you can point to some other sources to learn about it. 
Let me specify "it": 
I am looking for explanations and mental models that are "good enough" for me to use and participate in blockchain concepts, not explanations to become a "blockchain" designer, mechanic or director which is what I guess your post is about.