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.
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.
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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.
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Makes sense.
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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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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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