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RE: The New Star In The Crypto Universe: NEO

in #cryptocurrency7 years ago (edited)

I finally looked at the whitepaper. Wasn't impressed. Needlessly complicated version of ethereum, at best. At worst, it might never be used by anyone.

Look at the market cap on gas, which would actually power the network. It's anemic, which means little utilization.

I can't find any difference between Antshares' delegated Byzantine Fault Tolerance and Steem/Bitshares' Delegated Proof of Stake.

NEO is a knockoff ethereum with built in stakeholder incentives to drive up initial investment.

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Maybe, but once it goes from 40 dollars to 100 and the gas price goes up you might eat those words.

Another problem is it can't replace ethereum. With stakeholder dividends, the whole network becomes more expensive than the alternative.

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