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RE: STEEM Competition??? Enough With The FUD!!!
I understand everything you are saying mate, but EOS not only has Dan in their pocket, but they also have a 4 billion dollar purse at their disposal to boot.
What does this mean exactly, it means that unlike Steem, which does absolutely no marketing whatsoever, EOS is going to get all the major players in the blockchain development world, and I don't really see Steem surviving such a thing.
I think Steem was a stepping stone for @Dan, as was Ethereum, just to get ready for EOS, which will undoubtedly replace Ethereum as the worlds decentralized playground.
EOS is not built to be an Ethereum killer, or a Steem killer. If EOS is really successfull (which remains to be seen at the moment), that should only lead to more crypto adoption and prove to be beneficial for Steem as well (and Ethereum too for that matter. In some use cases a Proof of Work based smart contract is simply the best suited). It could be the case that EOS has a higher growth rate compared to Steem or Ethereum, but that does not harm the others.
Consider this, e-mail killed writing letters per physical post. However, sending orders for products worldwide has become so incredibly easy that the worldwide postal services have seen an explosive growth! Steemit has the challenge to not stay a purely postal letter service (i.e. just steemit.com), but branch out with communities and SMTs. There's some time pressure there, but as things look now, I feel comfortable they will launch in time and successfully.
FUD is for noobs. I'm a Daniel Larimer fan, I truly am, but I'm holding my Steem Power.
PS I reject the theory that Block.One would purposely dump huge amounts of ETH to buy EOS in order to crash the ETH price and artificially pump the EOS price. That would not be ethical and it would go against everything @dan stands for. In that case, I will dump my EOS tokens (and buy back later when the correction takes place).
I don't think Ned and company have what it takes to take Steem where it needs to go sadly, they had a two year head-start, and yet they are still in Beta. I do wish you luck though mate.
The project is open source. "Ned and company" may end up having little to do with Steem success in the long run.
@dan is a smart guy but he can't just BEEP BOOP BOOP click click and have a fully functional blogging platform deployed on EOS. Development is time consuming. It's not magic although it certainly feels like it sometimes because the tech is so complex.
Also, do you really think @dan is going to put competing with Steemit at the top of his priorities list when there are literally a million other things he could be doing?
Like you said about Steem, EOS is open source, so Dan may not have anything to do with the next big decentralized anything platform, only time will tell. EOS does have the popularity though, and is giving away tons of money to incentivize folks to build for it though.
If there's one lesson I've learned the hard way in life it's never to underestimate people. Time will tell what lies ahead. I hope it brings much fortune to your wallets, Steem or non-Steem.
I agree, and we shall see indeed.
I agree. Neither of them ever even really seemed to use it. Who knows maybe someday a user like me could help lead us forward. :)
Nice catch, I wasn't aware that not only steemit.com but also the steem blockchain is in beta.
I heard EOS was going to have a version of Steemit. Even if they do though I'm not sure that they can come out with a better version even if they can actually do a faster less buggy version.
Depends on what your definition of 'better' is. Some elements will definitely be faster (block times 6 x faster compared to Steem, but that doesn't say anything yet about the complete user experience.
It will certainly be different and I think that's mainly positive news for Steem.
Maybe you can do a review when it is fully up.
You might want to sign up for @dustsweeper.
Exactly, it feels like 99% of people are falling victim to the Halo Effect. They project competitive corporate capitalism onto blockchain tech because it's all they know
Welcome to cooperative open source capitalism. They are completely different. There is no competition. Everyone is helping everyone.
Although I generally agree with you that the landscape of things is different in crypto, saying that "everyone is helping everyone" is a bit on the overly utopian edge.
Many things and developments in cryptoland are as ugly as people can be. Betrayal, fraud, greed, ego, scams and rivalry, cryptoland has it all in abundant supply.
Let's remember that at the end of the day we're still all human. With imperfect system settings and much cognitive bias.
And compassion, cooperation, and synergy can be found in our current system of competitive capitalism. This is a numbers game. It's all about the statistics. When every project is open source saying "everyone is helping everyone" isn't ridiculous.
If an EOS platform comes out that completely blows Steem out of the water pretty much everyone on the planet wins except for Steem whales who are exploiting the system. Sounds like a good trade to me.
EOS is open source. It is also based on the same tech as Steem. That means Steem can integrate EOS if need be, like they are talking about doing with Bitshares. When SMTs, Communities, and effortless onboarding are ready, which is supposed to be soon, Steem WILL be marketed.
I think they should all merge.
For 0.5s transaction times they had to sacrifice a little decentralization though.