RE: Steem Co-Founder Dan Larimer On Why He Left Steem & His New Potential Ethereum Killer Cryptocurrency EOS

You are viewing a single comment's thread from:

Steem Co-Founder Dan Larimer On Why He Left Steem & His New Potential Ethereum Killer Cryptocurrency EOS

in steem •  7 years ago 

Have there been any assurances that tokens will be converted to a tradeable currency when EOS is fully live?

steem
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    1
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    None that I know of, but I don't think EOS is supposed to be thought of as currency. My understanding is that EOS will work like Ethereum's gas, that runs smart contracts and dapps, except that the user will not be responsible for burning a certain amount of gas per use, instead the developer deposits EOS (that is not burned, but is held) for as long as the smart contract or dapp is active, thus allowing users to interact for free. At least, that's how I understand it.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00