Dan Larimer on the Future of EOS and Decentralized Applications

in #bitcoin2 years ago

Back by popular demand on TDV, I recently interviewed Dan Larimer to ask him about the status of his EOS project and the future of its decentralized applications.

Many of our subscribers had requested that I have Dan back on after the price of EOS dropped significantly since our last interview.

Dan speaks about delegated proof of stake and how it could potentially lead to EOS becoming one of the most agile platforms in existence. For that reason, Dan believes EOS will achieve great success in the future.

He also talked about the importance of decentralization and how EOS will be more than 2x as decentralized as bitcoin and 5x as decentralized as Ethereum.

EOS is currently trading below the value of the funds it has raised to date in its ICO, which is usually a good indicator that there is lots of potential upside ahead - especially in a project that looks fundamentally sound and has some of the brightest minds in crypto working on it.

After all, Dan was around and discussing bitcoin with Satoshi Nakamoto before it even launched.

To hear all the specifics regarding this aspect and more, you should definitely listen to the entire interview.

And to get all the latest, most up-to-date information about the crypto space and updates like this video before everyone else, subscribe to The Dollar Vigilante where subscribers get access to all exclusive information, like this interview, first.

And, Dan Larimer will be one of many great speakers at Cryptopulco, part of Anarchapulco from February 15-18th followed by the TDV Internationalization & Investment Summit on February 19th. You can check out all those events and register now at Anarchapulco.com.

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Thanks a lot for sharing these extra words of knowledge about EOS. It entices me to invest into it even more now too! Thank you!!!

Namaste :)

Awsome, Im a bug beliver on eos.

Me too! :P

One should be careful with EOS because they don't actually guarantee that their tokens will be convertible to real EOS.

I highly doubt that, they can't raise millions of dollars and not give anything back. They don't guarantee anything because it will be considered as security, its for legal purpose. I don't worry about that because I know for a fact, EOS team are not scam artists.
What I worry is, how successful the project will be. There is no guarantee they will be able to achieve what they plan to do. They might fail, beaten up by competition, you name it. There is risk involved.

Well said @ctyptouniverse
What competition does EOS have? please don't say ETH (it's doomed!)

hahaha... I'd like to know!

I will say ETH (lol), but it does not matter to me, I own both. I bought ETH when was trading at 7$, still holding it. Now buying EOS around 0.50$.
Hopefully both succeed.

ETH is great for short term, hope you time things right.
I sure hope you take at least 50% profits and buy EOS and BTS.
Be well...

From my one on one chat with developers ETH great for the short term, hope you have taken at least half your profits to buy EOS and BTS. Both will be your winning lottery ticket.

For your great response to that lame FUD attempt of stating EOS won't garuntee their ERC20 tokens will be convertible to EOS is just rediculous... I mean why would they raise all this emoney and then not give out the tokensona network they are creating? hah they would just piss off all of their paying customers and sabotage themselves by ripping off every single person who believed in them? I think not! That would make no sense...And if @arbokinvestments thinks that EOS could bea scam he should leave steemit right now because same guy making EOS made Steem so why are you eve here? I dont think thats what youre saying but it is what youre implying! i DO understand WHY you think that should be a red flag but they HAD to say that stuff for legal purposes, its not any sort of red flag to someone who is actually in the know about this stuff.... I upvoted your 72 cent comment at full power up to get your comment at 86 cents so its one step closer to $1!

EOS is the future! here is my current EOS stash, about to buy some more EOS and then more Golos today...

Ive been buying up EOS since its been 50 cents and now i have 244 EOS and am about to buy some more so ill have 300 and soon 50 and eventually 1000 and I will be a King when EOS is where Ethereum is soon, and imagine having like 1000 Ethereum with ethereum at 300, but EOS wil go to $1000 and beyond, EOS are going t be like $1000 Bills.... but justimagine them as even $1 bills and getting em at 50 cents whata steal! I get the best feeling out of owning EOS and the logo looks the coolest

Nice interview

Thanks for the update. I haven't been hearing much about EOS lately (I guess it's been eclipsed by Bitcoin 6K).

Thanks for the interview - I'm still unclear of exactly what the value of EOS tokens will be on the blockchain once it launches - Anyone got a direct link to a brief explanation of that side of the equation? Or is it undefined?

Besides for it being used as a currency to trade, the coins will also be used to secure the network by staking them in the EOS wallet in exchange for a return % of the block rewards generated every block cycle. EOS holders will also see value when projects built on the eos.io software distribute some of their new tokens through an airdrop using a snapshot of your wallet.

Thanks for your comment. It's the finer points which I don't really grasp (due to having been too busy to read the whitepaper in full). If rewards are generated with every block (similar to Bitcoin) and the network is doing the 'mining' and the 'rental' of the hardware is paid for by the wealth stored in the wallets - then I can understand that the return on the investment in the wallet would be paid out to the wallet owners. This part of it sounds like a large scale, organised network of miners - similar to a mining pool. Do people who use their hardware as part of the EOS network (used for processing transactions) also get paid - like a miner would in bitcoin? Does every user of the network dedicate part of their computer to processing transactions?
I probably need to watch Dan's technical presentation again now that I have a better understanding of blockchains and steemit in general.

Yes, the delegates (or block producers) are getting paid like a bitcoin miner would. The top 21 in each block cycle are the only ones getting paid (for that block cycle). None of the other delegates or any of the people staking coins get paid by this method.

The active block producers that received the rewards have the option to do whatever they want with the generated revenue. Most of them will have written proposals offering profit sharing for each wallet holder that voted for them as a block producer, some public some private.

No, not every user's computer is dedicated to processing transactions, just the nodes. The users can stake their coins, and still get paid without having to use the computer power and electricity to compete for the block reward.

Reviewing Dan's presentations and interviews is something I've spent over 100 hours on in the past few months. It's exciting because each and every time I do, something becomes clearer to me.

Wow, ok - I imagine after 100 hours you have a good understanding of it all! I will definitely watch again - thanks for the answers.

thanks for your opinion.......

Nice

Hey @dollarvigilante - I'm looking for support as a Steem Witness currently, I see you are voting for TeamSteam, who is someone who posts about similar topics to me - It'd be really helpful if you'd add me to to your witness vote list.
My witness application post is here.

eos numbers and funds are still so confusing.. all I can get from the interview regarding eos funding is that they have enough and there is room for Dan to achieve the project's purposes, but he almost feels like Wenger to me.. sitting on money reluctant about talent, instead of assuming risks and going for the best talent in order to achieve his goals faster!

Thanks for bringing us this interview, informative and interesting.

EOS is a long term hold. Not one of these worthless Alts which offer nothing new, EOS has a real use case and should add real value. Having said that, I feel it has been overvalued in the past

Great stuff as always, Jeff. I have slowly but surely added to my EOS position.

I was pretty stoked to hear you are speaking at the Texas Bitcoin Conference. Then I found out its $400 to attend. Holy Shit. Its cool and all but just not something I could swing right now. If you need a bodyguard while you are at the conference let me know! LOL

Great interview with Dan

There seems to be massive potential on EOS, will definitely put in the time to educate myself further on it.

God Speed Brethren.

Great video! Thanks for sharing. Very informative.

What a great interview, I believe the future is in Crypto as well. It's funny he didn't know how Steem was doing, lol! EOS sounds amazing to me, his advice is well taken about passwords & he is indeed a Genius in my book!

Genius, I second that!

EOS numbers and funds are still so confusing.. all I can get from the interview regarding eos funding is that they have enough and there is room for Dan to achieve the project's purposes, but he almost feels like Wenger to me.. sitting on money reluctant about talent, instead of assuming risks and going for the best talent in order to achieve his goals faster!.
Besides for it being used as a currency to trade, the coins will also be used to secure the network by staking them in the EOS wallet in exchange for a return % of the block rewards generated every block cycle. EOS holders will also see value when projects built on the eos.io software distribute some of their new tokens through an airdrop using a snapshot of your wallet.

s numbers and funds are still so confusing.. all I can get from the interview regarding eos funding is that they have enough and there is room for Dan to achieve the project's purposes, but he almost feels like Wenger to me.. sitting on money reluctant about talent, instead of assuming risks and going for the best talent in order to achieve his goals faster!

I watched this video yesterday on YouTube. Dan Larimer made interesting comments regarding the development of the EOS platform. He is truly a visionary genius. Exciting times are ahead for EOS and I will be especially keen to see how things progress once the ICO process has concluded. At any rate, all the best to the EOS team.

Really very cool post and knowledgeable love it

Really like this post. EOS will be success in the future.

I hope it gain much traction to the market and flew. I buy mine at 4 usd now it crashes down to .51 usd.

You have been a true inspiration for me and helped me in my recent decision to follow happiness as I define it and not the way the American government has force fed it to me.

Thank you

Great minds indeed. You did a great job on this one. Now we can be at ease knowing that the future looks bright with EOS

Great minds indeed. You did a great job on this one. Now we can be at ease knowing that the future looks bright with EOS

Reading posts and watching dollar vigilante on youtube has definitely increased my understanding of everything cryptocurrency. Fantastic and informative piece and another great job interviewing Dan but that is something you are great at with all the guests you interview

really like this post... so much uesfull info here!! graet job

Thanks for sharing this interview.
After listening, I'm still kind of cautious, as I watch the price do nothing but slowly go down. Still... you've got me thinking.
Upvoted and following.
Regards,
~Joe
@joe.nobel

Thanks for this post and the interview - had a very clear Reiz-Reaktions-Muster on this ("trigger-reaction-pattern)... told hubby to invest a bit into EOS for longer term ;-) Cheers from the Seven Mountains in Germany

Not sure whether EOS will go up or down, nobody knows about the future. But one thing for sure need to appreciate Dan for his honesty he never pitched even once to buy EOS. Even when pointed that its trading below cash he stated that its a good indicator but not of much significance here as EOS tokens have not right to the cash generated.

#adhocracy

@dan is anET from planet DPOS-Prime

WOAH the steemit website just changed... wtf nice

EOS looks like a fantastic coin with great potential. I have invested in EOS already and I looking to increase my position in the near future. EOS will be giant leap in the decentralization of the block chain.

Thanks for sharing!

Great interview, thanks Jeff. One day the World will realize what all we Steemians already know- Dan Larimer is a wizard and one of the most impactful geniuses of all time. Yet he remains humble!

Thanks for this interview @dollarvigilante !

nice news..

Great post :)

We really care about decentralization and PoW is not just burning energy...

EOS looks very promising, but being in the USSA it's a pain to get around...

I just made a bet against a statist who says bitcoin will be worth Zero by January 2018... This is going to be interesting...

The Exodus wallet makes it very easy for U.S. prisoners to obtain EOS through ShapeShift.
https://www.exodus.io/

It's a beautiful thing when you don't understand much of what is being said in a video and that ignites a fire under you to learn more about it! Time to find a crash course on blockchain and how cryptocurrencies work.

EOS tokens are an artificial market right now based on the distribution formula. No use talking about what its trading at or what will happen there until the end of the distribution period.

What has been achieved thus far and the roadmap toward that end are very interesting for any investors.

It's a beautiful thing when you don't understand much of what is being said in a video and it ignites a fire under you to learn more about it! Time to find a crash course on blockchain and how cryptocurrencies work.

Thank you very much for sharing the good informatio.hope it will help us.thanks again.

Hello @dollarvigilante hi how are you now, before i want to introduce myself first, @ bilqis07 and i want to thank you for your help to vote me and also follow me

Thanks for posting. Good to finally get some news again:)

Thank you for the update. This is good information. I will process this and have a look in my protofolio to see if EOS will get back into it now that the price has dropped. Keep it up!!

Congratulations @dollarvigilante!
Your post was mentioned in the hit parade in the following categories:

  • Upvotes - Ranked 4 with 524 upvotes
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Thanks for your post.....Also visit my post and comment @vindy

You should have used #EOS

I like EOS and Dan's idea's of Dapps for everything to work off it. This will change the Crypto world.

Thanks for sharing! A link to your post was included in the Steem.center wiki article about Dan Larimer. Thanks and good luck again!

Wow! @dollarvigilante. Great interview.
I wish the EOS project good luck.

@Dan is an Extra terrestrial like Elon Musk sent here to try and help and become a billionaire to show people how its done... to lead the way.. they probably use Delegated Proof of Stake on his planets and he was probably born into a civilization that ran on EOS so for him its probably second nature...

LOL wow! Adhocracy!

M<maximizing Decentralization!

@Dan is an Extra terrestrial like Elon Musk sent here to try and help and become a billionaire to show people how its done... to lead the way.. they probably use Delegated Proof of Stake on his planets and he was probably born into a civilization that ran on EOS so for him its probably second nature...

LOL wow! Adhocracy!

M<maximizing Decentralization!

Thanks for interview, this interview is very helpful for me. The topic is motivated me.

If EOS will be used for something, this is golden oportunity to buy EOS. I will buy some for sure. Can price of EOS come close to Etherium right now?

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