The future is here. EOS and Bitcoin: an unschooled analysis

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EOS is breaking the link to Bitcoin in slow-motion

It is my belief, unproven and unschooled, that the first alt coin to break the link with Bitcoin (enabling it to move independently of Bitcoin) is EOS. And that we are already witnessing the beginnings of that break.

Evidence?

Not so much. Well, none really.

But consider this: EOS and Bitcoin have entirely different use cases.

Bitcoin, first and foremost is and will remain (in my opinion) the gold standard of blockchain. It is a currency. It will develop other uses, perhaps, but these will be bolted on rather than designed into it from the get-go.

A lot of altcoins have followed in Bitcoins wake, and many of them have the sole purpose of being an alternative currency. Many others have other purposes as well, such as enabling contracts (Ethereum) or blockchain protections on cloud computing (SiaCoin), for example. But these are single purpose, for the most part, and Bitcoin remains the undisputed king.

This is not a bad thing in my opinion. Blockchain needs a champion, and Bitcoin will probably always be that champion. I read yesterday (correct me if I'm wrong) that the algorithm determining the rate of mining of new coins means that if things continue as the are, the last Bitcoin won't be mined for over 100 years. Bitcoin is playing a long game, and going nowhere soon. (For those interested, check this out: https://www.coindesk.com/17-millionth-bitcoin-mined-means-matters/).

I can (so) easily imagine a future where Satoshis are precious things to be hoarded and those holding whole and intact Bitcions are the new uber-rich.

But I can also see that EOS is disrupting the existing blockchain model.

EOS is playing a different game on a different field. Schez, EOS is building the new field from the ground up. And it's a field all blockchain and other existing computer languages and whatever can play on as well. A new blockchain-based operating system.

Very cool. Very innovative. Very different. And very not just a currency.

Do you see the distinction?

EOS is charting its own path and doesn't really care if Bitcoin follows or not. It is literally unchained.

Expect to see the divergence appear in subtle ways at first. Then, probably after June sometime (maybe months, or a year or two), it will be plain for all to see.

And this is a good thing, a sure sign that crypto is maturing.

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May all beings be happy.
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Pictures courtesy of NASA and mangled by @drwom. Alien lingo by @drwom.

@drwom footer by the awesome @ryivhnn !!

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