What is EOS and why is it relevant?
EOS is a new project being developed in part by Dan Larimer the technical designer behind Steem. EOS will enable smart contracts similar to what Ethereum enables but with interesting performance and scalability benefits.
- EOS uses Web Assembly which is a performance oriented language they arrived at by benchmarking.
- Ethereum is limited in it's ability to do decentralized apps and cannot handle large ICOs without bogging down the network as Dan Larimer discusses in his blog post
We had always intended to use a small, tight scripting language to write out contracts for EOS, and the initial choice was Wren. A few weeks back I managed to run a test with an empty contract. This revealed performance of about 1000 transactions per second; far too slow for our target performance.
Over the past couple of weeks the EOS development team has pivoted away from the Wren programming language and embraced Web Assembly. Today we would like to update everyone on the progress and initial results we have achieved.
As we can see, Dan Larimer and team are taking a very pragmatic data driven approach to design decisions. When it was discovered that Wren wasn't as good for performance as expected or required for the goals of the project they swapped out Wren in favor of Web Assembly. Web Assembly is a new paradigm for web developers which can allow utilization and compiling of many programming languages such as C, C++, Rust, even Solidity. This will enable quick porting of many code bases over to EOS quickly provided that they get this right.
- EOS will have a token sale and will require a token.
- EOS is an operating system for decentralized apps.
- EOS can handle scheduling and communications to possibly allow communication between decentralized apps.
Conclusion
I will not be selling my Steem and would not recommend doing so. In the possibility that Steem or parts of Steem can be ported to EOS then we can all reap the benefits. EOS need not be an Ethereum killer to be extremely successful, as in it can reach a very high market cap and benefit the Steem, Bitshares, Peerplays and overall Graphene ecosystem. As all of these projects use Graphene and all of these projects are built up from the same base community it will be very easy for network effects in my opinion to boost all associated projects.
Instead of selling Steem, now is a good time to be earning Steem and saving those earnings in order to participate in the EOS ICO.
If you liked my post, please follow @boxmining and @ivanli .
Don't you feel like your stealing these youtubers content?
The YouTuber is getting more views on his video and free publicity. I guarantee you that he's happy people are sharing his videos. If he didn't want people to share them, he would have turned off the embed feature.
it can only help the youtubers with credibility and views. Additionally I would assert that the Youtuber is not using "original" content. The Youtuber did not have an original thought -he is reporting on ideas released by others...jus the way dana-edwards is also reporting on a report. Its the natural sharing of information that happens when people are not afraid of laws, restrictions.
It looks pretty original to me
To be fair the Youtuber commented on my blog telling me I crossed the line. The viewpoint of the Youtuber holds the most weight so I will let them decide how they want to be attributed including if requested to take their video out of inline which is not a problem for me, but I do still want to link to their content because their videos are really educational and I'm commenting based on what I learned from those videos.
The videos include original content just as my post does, but there are rules for how to cite sources which I need to follow.
But the source is in and of itself the embed YouTube video itself as it sources itself and you can click on it as the link is there in the embedded YouTube video as that is a built-in feature and has been for so many years since the early 2000's or so and so many people know this and so many people embed videos on websites all over the Internet. Click on the video to go to their YouTube. And the YouTube video is the SOURCE of itself. And you cite the source simply by embedding the video cuz it cites itself automatically by default by simply being there in the first place and it is free advertisement and more......
Yeah, there can be alleged rules to what is allowed or acceptable in how to format a cited source, but these rules are possibly a little too silly according to many many people. People can always debate what is in the public domain, what is sharable, or not, and what is private or not, but beyond that, is YouTube stealing or controlling our videos and everything? Watch the videos by Project Veritas and they will tell you. Look at the censorship on social networks. Talk to @cernovich about all of this. Look at the Wikileaks. There are even greater things we should be concerned with. My OJAWALL was destroyed by YouTube. Look at what Twitter and Facebook does. What is Soros doing? There are all of these questions we can ask and talk about.
And that is why we are building decentralized networks like Steemit.com, Gab.AI, and other blockchain networks, and Bitcoin and EOS and other cryptocurrencies. And sharing is caring. I share YouTube videos all the time. DrudgeReport.com. Infowars.com. Cernovich.com.
I link back to their content so it's not stealing unless it's against fair use to link to their content.
a link is great! you can always link t https://steemit.com/eos/@boxmining/what-is-eos-in-a-nutshell at the bottom of the post.
The difference is when you embed the link inside your post.
Okay how would you like me to resolve this? Would you accept a Resteem? Or would you like me to remove your video inline as well?
Very good video btw. I'm going to follow you because your content is good.
Hi @dana-edwards Thanks for replying! I'm personally OK with it if we talk about it first. I saw the resteem, thank you so much.
Hope you can talk to @Ivanli . he's just starting out on steemit as well.
Thanks for the follow, i'm following you too
I saw the videos on Youtube and didn't even realize that both of you were on Steemit. Now that I know, I'll promote your blogs not just your videos.
woot!! thanks @dana-edwards!
Ok so I get EoS could bring a lot of scaling improvements than Ethereum has right now but why isn't anyone talking about what the Ethereum Foundation has in the Pipeline. I'm talking about Metropolis, Casper, Radian, Sharding. All of these protocol upgrades will fix the scaling issues. That being said, I think EoS will still bring some cool features to the table.
thanks for the input Im learning stuff everyday on steemit
Agreed. There is a barrier to entry when Ethereum has built up a network of companies working with them. They are the big fish for a reason right now.
Hope this helps out some people, wish us all good luck https://steemit.com/eos/@dowha/5jy9k-why-you-should-not-buy-eos-on-the-first-ico
Hi @dana-edwards ! I appreciate your enthusiasm for EOS and the article is great. However, I would highly appreciate it if you asked if you could embed my content on this post! I spent a lot of time making the video. Original Post is here https://steemit.com/eos/@boxmining/what-is-eos-in-a-nutshell
I resteemed your original post. I didn't see the original post when I saw the Youtube video. If you'd like a particular format for referencing your posts in the future let me know.
we can buy EOS tokens only with Eth, or am I wrong? hence, we will have to exchange steems for eth
if you are in the usa you cant buy it
https://steemit.com/ico/@live2love/eos-coins-not-for-us-persons-why
Does anyone really follow those guidelines though? Ether/USD spikes leading up to every ICO.
Correct, only Ether can be used for the ICO.
EOS not accesible by US Persons
https://steemit.com/ico/@live2love/eos-coins-not-for-us-persons-why
This is for the regulatory defense of the developers. I endorse that tactic. At the same time if Americans really want to get the tokens they'll simply buy it from a third party. It is not a big deal.
I suppose - but I really was excited to get in on the ICO - even saved for it. Meanwhile, theres a good chance that tokens will not be tradeable on exchanges that service US Persons
I don't think the "not traded on exchanges that service US Persons" will be true. I've never seen that before and don't know who or what could enforce that. I also don't see what the motivation would be because developers are protected as long as they don't issue to US Persons but if US Persons acquire it from third parties there is no law about that.
sounds good!
I'm sure there are ways around this. Hell, if you really want to get in on the ICO then take the time to research creating an entity in another country to funnel the money through. There's always a way!
It's really not that complicated. Just click the box that says you are not in the US...and either hide your IP address or pay $10 bucks for a VPN that shows your IP in another country.
I totally agree. Keep earning on Steem and save to participate in ICO. Great tip and will definitely hold and earn with Steem.
There are cryptos and there are crytpos that help in maintaining the infrastructure of said cryptos. Thanks!
I haven't been able to understand why the EOS is on the ETH blockchain. Doesn't that defeat the purpose of all the benefits of scaling on graphene? I still haven't been able to work out what use the EOS tokens will have as they are an ETH token.
The initial sale will be on Ethereum only to take advantage of the network effect. Once that is done then a mecanism will be setup to claim the EOS token on the actual EOS blockchain. I don't have first knowledge of how it will be done...this is what I think will happen much in the same way that Peerplays did their ICO on Bitshares but then setup their own blockchain.