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RE: BitShares (BTS) EXPLODES OUT of an a,b,c,d,e Triangle!! What does this mean? Check out my analysis!
Possibly but not necessarily. The main point is which provide more utility. EOS can do a lot more compared to BTS including running BTS on EOS. That's all I need to know to figure out which is the bigger deal.
I keep reading that the EOS Token has no real value as Dev's don't need to use it. Could you shed any light on this? thanks
EOS is currently just an ERC-20 token on Ethereum platform. It's nothing different from making your own token on Waves platform with just few clicks. When EOS platform release next year you can use your ERC-20 token to register yourself as an owner of a piece of "EOS blockchain".
Think of the token as paper gold. Technically it's just a digital thingy. If EOS is real and not a scam you can claim a part of it. It's just a promise. The devs can just take the ETH and decide not to give any ERC-20 token holder anything. So the token is theoretically worthless.
We just have to trust the devs to keep their promise and they have economic incentive to do that.
The eos token will be worth its proportional weight in free network bandwidth and decentralized encrypted cloud storage. So, dapp devs will have to have tokens they put up to be locked in a smart contract (therefore removing them from the supply of eos tokens able to be traded on the market) in order to deploy their DAPP on the network. The more dapps, the more tokens are locked up, the higher the price of eos goes
That's the real EOS that isn't even out yet. What we currently have is an ERC-20 token. In Etehreum it's harder to do. But on Waves Lite client I can make a token called STEEM under 60 seconds (If the name is not yet taken) and distribute it as I see fit. current EOS is like that. It's a lot like a promissory note.