Go steem. And go bitshares. And come already EOS! I agree. Steem and bitshares do a big part of actually adding value to the block chain. Without just perception. They add value you can see! Like your post! Thanks for sharing! Great news!
The transaction speed of bitshares and steem is impressive, but they exist in a much more centralized manner than most other crytpo in order to achieve those kind of stats. Pros and Cons, they both have their place.
steem and bitshares are NOT centralized...rather the reverse. The blockchain (which they both run on) is a widely distributed (global) MASSIVELY redundant, HIGHLY parallel system.
think of it this way...most of the other crypto's operate in series.
Steem is MASSIVELY parallel..
in comparison to ethereum or bitcoin, steem has a more centralized server and governance network. It's democratic, and it is distributed, but it's definitely more centralized.
steem has thousands of computers distributed globally...how is that centralized?
steem has 20 witnesses, and a bunchaton of backup witnesses...also distributed globally, THEY have to come to a consensus regarding any change in the code (hardforks)
how is that centralized?
most of the actual services and businesses built within the Bitcoin ecosystem are centralized. They are run by specific people, in specific locations, with specific computer systems, and they are susceptible to specific legal entanglements.
Ethereum
Mining: less centralized then Bitcoin because the Ethereum Proof-of-Work does not incentivize special purpose hardware other than GPU.
ethereum/wiki
Anouncement to move to Casper Proof of Stake system in a year, it has been argued that the PoS algo is rather decentralized.
Introducing Casper "the Friendly Ghost" - Ethereum Blog
Organisation
The Ethereum Foundation has the mission to steer development of the Ethereum Protocol. This is a centralized organisation with no consensus driven decision mechanism.
Announcing the New Foundation Board and Executive Director - Ethereum Blog
The central figure is of course Vitalik Buterin. His decisions will informally have great influence on the direction of Eth.
TL;DR: on organisational level not (yet) very decentralized, on technical level it is.
A hard fork happens when 67% of the top witnesses are all running a certain version of STEEM, which means the top 19 witnesses can pick and choose whether to agree with a fork or not. (e.g. Hard Fork 13 and 14 were both postponed for a week, and re-designed because witnesses refused to update)
A hard fork can happen with just 13 witnesses voting. Just 13 machines. The type of consensus needed to make changes on the networks is on a scale that doesn't even compare to bitcoin or ethereum.
That is mainly what i mean when I say "more centralized". As a network it is much easier to attack as far as protocol changes, or reversals in the block chain.
Not saying that it isn't a secure enough system, but their goals as networks are much different as well.
Just two apps... to my understanding, it'll also allow interoperability between blockchains - Steem and Bitshares probably being the first two obvious choices - though if EOS provides a strong enough value proposition for its adoption with Ethereum developers... game over / game on.
Go steem. And go bitshares. And come already EOS! I agree. Steem and bitshares do a big part of actually adding value to the block chain. Without just perception. They add value you can see! Like your post! Thanks for sharing! Great news!
;-)
The transaction speed of bitshares and steem is impressive, but they exist in a much more centralized manner than most other crytpo in order to achieve those kind of stats. Pros and Cons, they both have their place.
steem and bitshares are NOT centralized...rather the reverse. The blockchain (which they both run on) is a widely distributed (global) MASSIVELY redundant, HIGHLY parallel system.
think of it this way...most of the other crypto's operate in series.
Steem is MASSIVELY parallel..
in comparison to ethereum or bitcoin, steem has a more centralized server and governance network. It's democratic, and it is distributed, but it's definitely more centralized.
steem has thousands of computers distributed globally...how is that centralized?
steem has 20 witnesses, and a bunchaton of backup witnesses...also distributed globally, THEY have to come to a consensus regarding any change in the code (hardforks)
how is that centralized?
key word: "more" centralized. I didn't say steem was centralized, i said it was more centralized.
most of the actual services and businesses built within the Bitcoin ecosystem are centralized. They are run by specific people, in specific locations, with specific computer systems, and they are susceptible to specific legal entanglements.
This situation creates tension and certainly a little irony—we have a decentralized technology, yet most things existing upon it are centralized
Ethereum
Mining: less centralized then Bitcoin because the Ethereum Proof-of-Work does not incentivize special purpose hardware other than GPU.
ethereum/wiki
Anouncement to move to Casper Proof of Stake system in a year, it has been argued that the PoS algo is rather decentralized.
Introducing Casper "the Friendly Ghost" - Ethereum Blog
Organisation
The Ethereum Foundation has the mission to steer development of the Ethereum Protocol. This is a centralized organisation with no consensus driven decision mechanism.
Announcing the New Foundation Board and Executive Director - Ethereum Blog
The central figure is of course Vitalik Buterin. His decisions will informally have great influence on the direction of Eth.
TL;DR: on organisational level not (yet) very decentralized, on technical level it is.
dunno...I KNOW that bitcoin is older...dunno about ether...age might matter.
but you're still wrong..
Take a look at this article
A hard fork can happen with just 13 witnesses voting. Just 13 machines. The type of consensus needed to make changes on the networks is on a scale that doesn't even compare to bitcoin or ethereum.
That is mainly what i mean when I say "more centralized". As a network it is much easier to attack as far as protocol changes, or reversals in the block chain.
Not saying that it isn't a secure enough system, but their goals as networks are much different as well.
meep
consider Steemit and BitShares to be apps.
EOS will be the operating system.
Just two apps... to my understanding, it'll also allow interoperability between blockchains - Steem and Bitshares probably being the first two obvious choices - though if EOS provides a strong enough value proposition for its adoption with Ethereum developers... game over / game on.
is Busy and app? how about CChain?