White Hat Hackers! - ETH vs. EOS / Altcoin Profits / Charity DAOs / The Parity Hack / And Much More!

crypt0 (75) in crypto-news • 7 years ago

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7 years ago by crypt0 (75)

$165.91

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surfyogi (65) · 7 years ago (edited)

Really enjoyed listening to this.

I guess you guys are not up on EOS and why it's 10x better? (than ETH)

NO FEES - that's it right there! Micro trans are easily affordable w/o added cost.
Fabric - multi-threaded shard processing means it can be much more efficient than other blockchains
Based on existing third generation blockchain STEEM, a proven design.
Will enable smart contracts using many existing languages, instead of a single proprietary language. (C++, Javascript, Java)
10x+ faster than ETH
Largely in the can and ready for prime time, it should be ready to work with very soon.

$0.75

6 votes

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anamnesia (47) · 7 years ago

I love this reply. I too am very interested in EOS and have made sure I have no less than a few hundred EOS, which will be all that's necessary to see a huge fortune next year, if it makes Ethereum obsolete, which will tank the price of ETH and see extreme rise in price of EOS ^ $300. It seems as though everyone has forgotten about Dan Larimer. Maybe the way they handled the ICO wasn't too smart but nevertheless I think people have erroneously given up on it and cashed out. They'll be sorry though when it picks up and then it's $5, then $20, then $50, then above a $100. Superior technology ALWAYS wins.

$0.00

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rythereum (25) · 7 years ago

I'm invested in EOS too and believe it has strong prospects, but it's not an Ethereum killer. It will complement instead of compete. Dan and the EOS team don't even think of EOS as an Ethereum killer and why would they when most of the capital they're sitting on from their ICO is in ETH and the token itself is an ERC20 token- so if Ethereum fails, EOS goes down with it. When EOS launches as it's own blockchain and converts from an ERC20 token to a native EOS token it won't take down Ethereum any more than Ethereum has "taken down" Bitcoin so far.

$0.06

1 vote

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anamnesia (47) · 7 years ago

Makes sense.

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doboy408 (25) · 7 years ago

I dont know about it being 10x better...regardless, I have over 2000 EOS. Here is the thing...by the time EOS is out...ETH would have made their own advancements and upgrades. It's a technological race for sure. I dont know who will win...I am invested in both. While its a race in term of technology...when you talk about adoption, it's not a race. ETH is massively ahead. Look at the EEA...look at all huge list of companies using the ethereum network. EOS has zero here because it's not even out yet. This is going to take alot of time to build up.

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o1o1o1o (55) · 7 years ago (edited)

I agree - ETH does have a bunch of improvements that are rolling out like zero knowledge (anonymous) support, new tech that would allow 1 million Tx/s, etc. etc. They are showing no shyness about innovating and there is no lack of support for it by miners to accept these changes - only the stuff that might kill mining for POS seems to be a sticking point. EOS will be delegated proof of stake (DPoS) from day one right?

I would say zero fees could be huge for EOS though. And all the sidechain support (but doesn't ETH have something on that coming?).

But remember it took a couple of years or more before ETH really took off. It was a long slow burner. EOS will also suffer from the continual 2 million EOS per day coming onto the market until next June or whenever the slow-motion-ICO ends. This will mean a lot of people who bought early in the hope of a $ win will be underwater for a long time. After the first big EOS ICO sale we were heading for a $1B EOS market cap - and that was all without a single bit of code public. However as the EOS releases roll out and a usable blockchain "for reals" arrives that starts building an ecosystem and proving its worth there should be an inflection in the price.

My advice - if you're wanting to buy EOS as an investment you'll have ample opportunity in the next 6 months. If you buy now be prepared to double-down later to lower your cost basis.

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qasimwaqar (59) · 7 years ago

VERY ATTRACTIVE CONTENTS. KEEP IT UP.

$0.33

1 vote

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shawnfishbit (55) · 7 years ago

I watched the video on the YouTube channel, great interview. Guys like that are fantastic for the space. They are also good representatives to showcase that not everyone in crypto is out to get your money.

Thanks for giving those guys a voice on your channel.

$0.25

1 vote

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markjackson1989 (53) · 7 years ago

great video seem to be a big fan of swarm city

$0.17

3 votes

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mohammedfelahi (57) · 7 years ago

thanks for sharing

$0.12

2 votes

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pagoda (48) · 7 years ago

Great interview crypt0! Your guests made some really good points and very interesting perspectives. They are very "real" and objective about things.

$0.06

3 votes

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etka (52) · 7 years ago

Excelent interview Omar. Really enjoy this chill meetings with the developers. Hope you can do this more often. Thanks!

$0.03

1 vote

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kaizentive (37) · 7 years ago

Big banks want closed projects and are looking to pattent their code. Large organizations should not fear decentralized projects. Decentralized exchanges are the way of the future. Wikipedia was an Encyclopedia Brittanica killer because it is decentralized. Voluntarianism and detachment is the Burning Man's ethos. Spread the decentralized spirit of winning together solving problems and giving everyone a say. Watch the video again fun fact I have a similar 5 gallon water bottle setup in my pantry.

$0.00

2 votes

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v4vapid (72) · 7 years ago (edited)

This is a really cool discussion and the first I've heard about Giveth. Love the concept right away and plan on looking into this project more seriously. I love learning about genuine people who are inspired and looking at the blokchain in different ways, coming from the heart and not purely in terms of economics. Thank you for bringing this to people's attention. I've done some charity work in the past and I think there's a lot of potential in this arena for incorporating blochchain tech.