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rok-sivante (75) in bitshares • 7 years ago (edited)

7 years ago by rok-sivante (75)

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unlockrs (54) · 7 years ago

It's interesting. Dan himself has said numerous times that BTS and STEEM were experiments in their own right to determine how to do things in the future. BTS helped solidify DPOS and showed how a DEX could work. STEEM demonstrated that 3 second transactions were doable on a larger scale using DPOS, people are interested in payments for curation, and how a primitive constitution and voting could work.

With EOS, one has to wonder where BTS and STEEM are left. I think BTS has a larger risk of being left behind than STEEM does. And it was wise of @ned to launch the SMTs idea and offer an integrated web service with the platform as a proof of concept. I think STEEM may have to figure out if it should move onto EOS in the future to increase transaction speed. What are your thoughts on STEEM?

$1.04

4 votes

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rok-sivante (75) · 7 years ago

hmmm... reading through that makes me wish I had perhaps cashed out more of my BTS when it peaked around 40 cents... ha ha.

I'd be quite surprised if there weren't some sort of integrations between Steem and EOS.

My thoughts on Steem... I'd like to think it'd boom, for selfish reasons. Though to be perfectly honest, I'm really not sure.

It's a great experiment. Though as to whether its foundations and capacities for adaptation are strong enough to persist in the vision of larger success most of us who've invested would like to see materialize, I dunno. Undoubtedly, there will be similar platforms that come onto the scene - and it may not be a matter of competition and one emerging dominant, so much as they just serve different niches - thus likely distributing funds and users across a breadth.

SMTs could be a great means of expanding the userbase - though probably largely depends on adoption, and its strengths against other alternative systems offering similar platforms.

Difficult to view objectively. Tough to keep up with all the developments in the blockchain space, and thus gauge where Steem is at relative to everything else - and it's been a weird love-hate relationship as the journey has unfolded here, having high hopes give way to disillusionment when I've seen my ideals for the platform conflict with the reality of where it seems to have evolved / is evolving to. Regardless, it's still great to see the community growing and progress being made, so I've still kept the bulk of my Steem Power locked in rather than powering down to invest elsewhere...

$0.02

1 vote

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unlockrs (54) · 7 years ago

Well maybe you could help me out with some of that SP ;)

But in all seriousness, where do you see a competitor to the SMT design with an already vetted proof of concept? I haven't seen one and thats why the SMT idea is a great one. It diversifies STEEM away from just being a content curation social media token into an ICO hybrid and platform for monetization on non-blockchain websites. To me it's brilliant, and I'd like to think I'm not being biased.

$0.96

2 votes

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rok-sivante (75) · 7 years ago (edited)

I agree, it's a great idea with a proven concept, a complete suite of features that there probably are no "competitors" for in all its functionality.

Though, the questions are: is there a market demand for the product? What's the marketing strategy to introduce and integrate the system upgrade into existing business models where there may not already be a demand because its a relatively new concept? Is the core team in charge capable of that sales end? (Answers: I'm personally not sure.)

$0.00

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j3dy (60) · 7 years ago

and it's been a weird love-hate relationship as the journey has unfolded here, having high hopes give way to disillusionment when I've seen my ideals for the platform conflict with the reality of where it seems to have evolved / is evolving to.

$0.00

1 vote

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tonypeacock (57) · 7 years ago (edited)

They all will complement each other. Its one thing to create something and another to get the community etc. Bitshares has a history. Its got a community. Right now EOS is just an idea still. We can all speculate what might be in the future but what is is. Bitshares is unrivalled in what it is and can do. Its gotten where it is with practically no marketing and the founder leaving. So for me that says something.

$0.17

5 votes

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rok-sivante (75) · 7 years ago

Great perspective.

$0.00

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cm-steem (67) · 7 years ago

I think BTS may sidechain with EOS, I severely doubt BTS will move onto EOS nor will it fork to use EOS' codebase. If there was serious interest in such a move then there'd be BSIPs on the matter by now.

$0.10

2 votes

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j3dy (60) · 7 years ago

how is gridcoin going?

$0.00

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fedesox (64) · 7 years ago

EOS will be a pearl gem in the industry, many can’t understand how the ICO works and calls it a scam...I think it is genious instead, allowing everyone to participate and not only the few whales with millions, this gives EOS the maximum decentralization possible right from the beginning of the platform.
Looking forward to June 2018.

$0.06

5 votes

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brucebrownftw (52) · 7 years ago

expands the wallets and builds anticipation. Brilliant move and now its at 6 usd.

$0.00

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crystalgeometry (56) · 7 years ago

Dan mentioned in an interview that investors were stubborn and should simply move on to the next iteration which makes me think BTS will continue to tank. EOS will sore because it can do everything BTS could do plus more. How it will match up compared to Ethereum will be interesting to see. Ethereum has some huge corporations building dApps.

$0.06

4 votes

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slavix (64) · 7 years ago

See my proposal.
BEOS - Alternative proposal for Bitshares 3.0
https://steemit.com/bitshares/@slavix/beos-bitshares-on-eos-alternative-proposal-for-bitshares-3-0

$0.04

1 vote

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rok-sivante (75) · 7 years ago

rrghh... hitting the boundaries of my technical knowledge going through this.

would love to comment, though don't have enough of a technical background or knowledge of the platform/community's protocols to offer much meaningful insight on the proposal - though I do appreciate your service and commitment to their progress...

$0.00

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sevinwilson (65) · 7 years ago

This is an interesting debate! It is a little concerning for Bitshares holders I must say if EOS is going to have it's own decentralized exchange. Personally, I love the idea of the decentralized exchange that Bitshares has and am surprised about the lack of adoption. I am unclear why Bittrex delisted it still. I haven't read too much into EOS, but I like the idea behind it. I am not sold on it killing Ethereum, but Dan is a wizard with this stuff so who knows!

$0.03

3 votes

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princeshady5 (50) · 7 years ago

Very interesting post

$0.04

1 vote

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jasongreen (25) · 7 years ago

BTS is such a great piece of software. I think most people just don't "get it". Even though lots of exchanges exist and there are plenty of people in the crypto trading sphere, there's just a lack of knowledge about what Bitshares is and what it can do. Unfortunately, I don't really see that changing, either.

$0.03

2 votes

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superfluousman (54) · 7 years ago

What if centralized exchanges become regulated/banned?

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tommysnello (43) · 7 years ago

i found this post of Stan Larimer on reddit:
https://www.reddit.com/r/BitShares/comments/74m80j/and_the_prize_for_the_ugliest_price_graph_ever_in/dnzllph/

$0.00

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tommixoft (25) · 7 years ago

BitShares is platform and it life depend son 3rd parties, not BitShares itself. So until people ad companies gonna use BitShares -it will survive.
It be alive at least 2 years.

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amahovac93 (63) · 7 years ago

Lol it will be alive, it will not only be alive but it will be the highest and most used DEX out there, and thats for a reason there no other DEX blockchain faster more secure than bitshares.

$0.00