If you haven't heard of EOS yet, I suggest you take a good long look at it here. With the recent scaling and reliability issues that Ethereum has had, skeptics are cashing out and stimulating the latest Bearish market (more sales than purchases which lowers the value of the coin). Seeing what the EOS team hopes to accomplish in the next year, the contributors to the project, and the success that they already have had up to this date, is quite impressive. If I was Ethereum, I would be shaking in my shoes. That being said, Etherum isn't out of the fight yet and has a long ways to go before they are surpassed by EOS. Here are 3 reasons why:
1.) Ethereum is the most widely used platform which is why they are not dead yet. Hundreds of other cryptocurrencies rely on it, providing a stable backbone in return, which gives the platform support to bounce back. It isn't too difficult for a cryptocurrency to re-brand and jump platforms, especially if EOS lives up to even half of it's potential, but it is a nuisance and I imagine some will stick with Ethereum if that day comes.
2.) EOS isn't ready, simple as that. Until EOS has been established and there are cryptocurrencies being developed on it's platform, Ethereum is king. That being said, if Ethereum doesn't improve and fix the issues that it has today, EOS will capitalize on these mistakes and will over-throw the king.
3.) Ethereum can adapt. Yes, there are some features that EOS will provide that Ethereum simply cannot, and will never be able to do so. However, Ethereum can improve and continue to be a strong and healthy competition. In return, I imagine that there are also features that they can offer that EOS can't. Only time will tell.
who the heck would burn a $100 bill !?
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As long as you have over one half you are good to exchange it at the bank. There is a way to turn in less than one-half but then you have to mail the bill to The Bureau of Money and Engraving because it's considered mutilated.
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Well, you learn something new everyday, i would have never even thought that was possible
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Is there a better way to light a cigar? :/
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if there is, no man on earth has found out how to yet
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I'm not entirely sure, but I would say that it is someone who probably doesn't see the potential that Ethereum and cryptocurrencies have in general haha.
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Until EOS platform actually experiences growth it will be unknown if they can compete with ethereum. I don't know much about EOS but as these new platforms grow they see that scaling is an issue that they thought they had already addressed but still shows up.
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I agree and it will only get worse with the more people that jump into the crypto/blockchain world. Only time will tell I suppose.
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It is my understanding that US residents / citizens can't obtain EOS tokens. Is that true?
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Its what I've heard. It may change hopefully someone else knows.
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In regards to the token distribution going on now, this is "true". I say "true", because you can mask your IP address and purchase EOS tokens. That being said, I was tempted to do so but it is risky for many reasons. You may get caught by our government (unlikely but still unlawful), EOS developers may find out and you lose your ETH and get nothing in return (unlikely but still a deterrent), it may actually be more expensive to purchase right now since they will do 24-hour token distributions every day over (2,000,000 tokens a day) the next year. It all depends on how many backers they get.
Long story short, it is possible to buy even now if you live in the US, but it may be risky. I am just going to wait a month and see what happens.
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