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RE: Could Ethereum Be Made Obsolete By The New Decentralized Smart Contract Platform EOS?
I really don't think so. If EOS want's to compete Ethereum, why it is raising fund from Ethereum platform. it is not fair. and also raising fund and token sale of EOS is not fair. why a person should raise this much money when there is not even a launched project.
I believe on Ethereum very much and I think Ethereum can Kill all with the updates are coming very soon(Metropolis, POS, Shading ....).
I see POS as a HUGE downside. When a few months ago the media announced that the consortium of banks got in ETH, the price tripled within a week. They could own a majority already and rule over ETH after the shift.
Ethereum is much further along in its development then EOS. Ethereum is considered to be similar to a Series A startup vs EOS which has nothing proven yet. $ETH has the market share now and has a group of loyal investors. EOS will not have a product for at least a year. This gives ETH a long runway to scale. I read that the ETH ecosystem has 35,000 developers and is growing by the day. They say that ETH developers are all millionaires now. Do you know of any killer apps for EOS?
well eos is building its ico on etherium platform because of the mart contract, it need to make it transparent, and they are asking for thid much money because if they want to really be the etherium killer, they need alot of money to be able to do not only coding ,but some marketing, sponsorship and so on, i really believe eos can take down etherium, etherium cannot handle the loads it is asking for , a simple ico can take down the etherium network talkless of becoming the new internet