RE: EOS Will Propel Bitshare To A Much Higher Level
I'm glad to see this perspective from you. Everyone keeps talking about how this or that coin is going to kill this or that coin. Almost everyone wrongfully compares blockchains to competing businesses.
There has been no evidence that blockchains compete with each other. In fact, the exact opposite can be implied. The value of all blockchains is intimately linked. When Bitcoin goes up, everything goes up.
The war is between crypto and fiat not crypto vs crypto. A superior coin coming out isn't going to kill the communities of other coins. It's only going to bring even more people into crypto and increase the value of everything.
We don't have to worry about crypto competing with each other until it becomes mainstream. And when that happens we'll all be filthy rich trying to usher in a new world of abundance for everyone. At that point who cares if the inferior coins die off? I can tell you right now that when this happens every coin in existence today will be inferior. That's how fast this technology is evolving.
What people fail to realize is crypto is actually just code....open source code.
EOS is nothing more than another open source code project that can be taken and put elsewhere.
Just like we saw (or will see) Vice fork the blockchain and use SMT to create tokens on their fork, a tech Smeemit developed, the same holds true with all other code out there. The challenge is dealing with scaling issues which we know BTC and ETH have. They cant just grab code to solve that problem.
However, doing like @stan said, grabbing some code and creating a middle code, that is highly possible (well I am not sure from an engineering point of view but you get what I mean).
Networks overlay and interact all the time. That is what blockchain is. At some point, just like web browser brought interoperability to the internet, we will need to see something like it within the blockchain world.
So true. The open source nature of the Blockchain is crucial.
Do you have any opinion on Icon?
https://coincentral.com/what-is-icon-icx/
Looks like they seek to connect all blockchains with a similar layer.
I dont know anything about it....
So I cant comment directly.
Great comment!
We also have to take into consideration that the world population is moving up to 10 billion. That is a lot of humans! We can have 1000 Blockchain social networks! Just Facebook has over 2 billion active users per month. A person really got to let that sink in for a while to realize how many humans that is!
When trading between different cryptocurrencies and tokens gets easier and more smooth we will see an even larger mainstream adoption. Since every second of speed increase creates a massive difference. Just as Google have seen on how long time it takes to load a website. Just a little bit extra and people give up! Speed is massive in this future world. Who can save us time that is the person we will give our value too. Steemit save us massive time and give massive value in return. So clearly it's a safe future investment.
Since we empower people at a faster rate soon anyone could launch a new amazing project and have it out in 1 day. That is when the world will truly starts to change fast! Because how will you be able to stop that? You won't!