You are viewing a single comment's thread from:
RE: EOS to take over -- rising wedge combined with cup and handle
You obviously haven't read up on EOS, or followed the development progress. ETH has significant scaling issues, EOS does not. ETH uses an interpreted language, EOS uses C+ which is significantly faster. I.E. Even more scaleable! ETH is looking more and more like Bitcoin all the time. Large, slow, less adaptable.
ETC could be a contender for ETH, they have had a lot to think about and are making changes to follow.
I think you underestimate the power of first mover. I mean look at bitcoin, it's technology is rubbish and it is still by far the largest crypto! Also, all the people who have created businesses through Ethereum are just going to give up and start again on EOS? I think not.
Ethereum has at least proven what it can and cannot do already, everything in terms of EOS capabilities are speculation until they are a $127 billion cryptocurrency like Ethereum. Time might never tell whether EOS can handle that popularity, because I would be very suprised if it ever hits $100 billion+ market cap.
EOS will quickly eclipse ETH, regardless of the number of programmers it has. Anyone who knows C+ can pick up the docs on EOS and begin programming DAPPS on EOS. There are thousands of books, courses and videos on programming in C+.
ETH uses a new language with extremely little documentation, with even fewer developers who know it.
A handful, vs. Millions. You do the math and see which one will be the turtle. ;) Keep researching, the more you learn the better you'll be at predicting Crypto. ;)
(Bitcoin is also losing ground to more capable coins... Watch this continue until they release a fantastic coding update everyone likes. If they ever do. :) )
Good post. When I started learning Ethereum & Solidity it was a nightmare with very few docs etc to learn from.
Now there are a handful of very good video courses but it is still difficult to learn Solidity and bugs in remix etc but getting better.
When i test a contract it can take 30 seconds for Ethereum to tell say a test small lottery contract so the user who entered the contract needs to wait 30 seconds " please wait confirming your entry to lottery" .
Many wont wait for the app message on screen "You been entered in the lottery" message to come back 30 secs later they stare at the screen impatient and click away.
Many hacks, eth stolen, $millions eth locked in contracts due to security issues and contract killed by kids messing on github....
Certified Ethereum Developer exam still not available at cryptoconsortium.org so no standard qualification, but ethereum still newish so could overtake bitcoin , who knows.
EOS if they get it easier to code than solidity and faster to transact on blockchain and cheaper will overtake ethereum , have to wait and see its everything to play for 2018 interesting year.
I made a one hour video course on my blog about EOS 1 year ago as i saw it had great potential, June 2018 be interesting and significant if they get EOS to be better than ethereum.
Nick
Certified Bitcoin Professional
It wont be quick but i think EOS does have the potential to become #1 in its market. I bought a bunch when it was under $1, i couldnt believe it was so low. I guess the FUD about a scam had something to do with it but still, if they can do 80% of what they promise this will be big.
I agree with both your points. first mover is a MASSIVE advantage especially with smart platforms that are already having big projects built on ethereum. With that said, its still early in the game and if EOS can produce i think you will see them gaining ground on ETH once they are up and running. ETH programming can become a hurdle that gives EOS the edge they need to pass them