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RE: Individuals That Are Skeptical of The Upcoming EOS Project Simply Don't Understand The Fundamental Differences And Advantages That The EOS Network Will Offer.
Hi @cryptofreedom, indeed I enjoyed reading your post. Well written and structured. I do struggle with a few thing about EOD though. Let me outline them.
- EOS is still raising millions of USD worth of ETH at the moment with their running ICO. Why on earth is so much money required. Nothing has truly been delivered yet and people are pouring money in this baby like it is a proven invention. I have trouble understanding that this project has raised and needs this amount of money.
- How are we doing parallel operations on EOS? It is still (based on) a blockchain isnt it? This is counter intuitive to me.
- in you post you write about EOS to have "the ability to make changes efficiently and fluidly if problems should arise" as opposed to ETH. How will EOS do that better?
- Also in your post you write about the number of transactions EOS can handle versus ETH. I dont think you should compare EOS future state with ETH current state, but rather compare versus the final stage of the ETH project. They are currently working I believe on a project involving sharding which would result in a million transactions per second.
In any case thanks for sharing and will follow to see your next posts. If interested in cryptos in general, so outside of EOS, consider following me as i write regularly about it too. I did upvote you btw. Cheers!
Exactly THIS! so glad that someone actually thinks outside the bubble and ask the real questions. Also the funny thing is during the ICO they give you tokens based on ETH which is pretty much worthless on EOS platform once and IF it gets ready. The agreement paper you sign when you buy the tokens are a joke in my opinion. They pretty much say you have zero right to anything and they dont even have to finish the project. People should read these terms before making this project sound so wonderful. I do hope it is successful but i also hate when people hype something without question.
Still this was a good article to read.
All of your questions have been answered in other articles about EOS here on Steemit. Just check the EOS trending page. Parallel processing is thoroughly explained in some of Dan's posts.
BTW, if Steemit was running on Ethereum, you'd have to pay with Gas every time you upvoted a post, AFAIK. This is just one of the reasons I think EOS is going to supersede Ethereum.
I am sure for every question anyone has there is an answer on the internet ad/or here on steem. The point is i haven't found it yet and i am not going through a long list of articles hoping i find the answer somewhere. Isn't answering questions like these the whole point of replying to comments?
Sure, answering questions is one point of replying. But would you rather rely on the information provided by a random person on the internet, or the actual programmer creating the project? I'm pointing you in the right direction to get the information you want. Read the articles by Dan Larimer on EOS. Or check out the EOS presentation he gave at Consensus on Yoitube. He does a much better job of explaining it than I could ever do.
Alright i get your point, thank you
Wouldnt changing the ETH project midstream, or while its in operation, do some sort of damage to all of the projects that have adopted the ETH platform?
Good question. No I don't believe that will have an impact as i assume it will be backwards compatible. But i am not an expert on the ETH platform so i cannot provide an definitive answer here i am sorry.
I chuckled when I read the eth community would have hard time coming to consensus about making the platform better for everyone. But we have to remember where we are but still, at times, this hyping seems to get a bit over the top.
Eth is already working on making their network scale. It might reach that state before we ever get to see EOS live. Do proper research, 700 dollars should be enough motivation to know both sides of the story before writing about like you know them both.
And yes, it's strange that we always see talks of how EOS will be and compare that to what eth is NOW, not what it will be.
Hello whales! This doesn't mean I'm not interested in EOS, in fact, I'll probably buy some eventually. But I'd hate to see this place turn in to a echo chamber. "Witness me!"
@attalis, If people are putting money in this baby initiative, then what's wrong in it? I have seen crowdfunding campaigns where they raised far more money than their actual funding goal and you can check that too at any big crowdfunding platform like Kickstarter and Indiegogo. The extra raised money will be used in bringing a better platform with potentially more features. Other than that, your questions about the comparison between ETH and EOS makes sense. They are doing the wrong comparison.