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RE: A Couple of Words on the Fair Sale of EOS

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A Couple of Words on the Fair Sale of EOS

dek (62) in eos • 7 years ago

So this is not an operating system, but a parallelized (multi-threaded) blockchain. A marketing trick for non-techies.

Also, from what I've read in the white paper, this is only implemented on certain levels, where the software logic allows that. So we have a faster blockchain, despite Steem already being fast enough to support a network bigger than Reddit (according to its own developers).

Where it falls short is lack of examples for its use, i.e. it has no purpose, but it was built. Someone mentioned an eBay site, powered by EOS, because there wouldn't be transaction costs. But there will be transaction costs at the exchange, converting fiat or other cryptos to EOS. That is, if you can even convince 99% of ebay's users that this is better than ebay (and there's no reason why it will be, as EOS doesn't create any advantage).

Everyone is investing in the hype, kickstarter style. The winner is EOS's marketing department and the investors.

As I mentioned in another post, I would invest in EOS once I see unique software running on it. Then any EOS I have will slowly increase in value. Until that moment, it's just speculative bidding, favoring only the developers and their initial investors.

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7 years ago by dek (62)

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onthewayout (59) · 7 years ago

Anyone investing during the first year of the token launch on the Ethereum network will be doing it for one of two reasons:

Short term speculation.
Faith that the EOS team will deliver a viable product with potential growth in the long run.

Of course we haven't seen the actual blockchain in operation let alone any apps running on it. However we do know what the Graphene architecture (Bitshares) and Chainbase (Steem's modified version of Graphene) can do.

If the EOS team can build a parallelized (multi-threaded) blockchain on top of this architecture then the whole crypto space will have a higher bar to be measured up against.

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dek (62) · 7 years ago (edited)

I agree. It's just that I don't see this technology answering any unmet needs of the digital world - I still perceive it as a cash-on-hype type of project. I guess we'll see if there will be a new cryptocurrency next year or all efforts will go into popularizing and developing for EOS.

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