RE: Why Am I Such a Fan of DPOS Blockchains Like STEEM and BitShares?
Fantastic post Luke. It's nice to see a great crypto mind like yours confirm thoughts I've been having. EOS has potential for huge growth next year, Steem as well. Especially as the weaknesses of the bigger chains of BTC and ETH show weakness. I find it utterly humorous that ETH is brought to its knees by digital cats. You can't make this stuff up!
Perhaps the slow growth of these great DPOS chains is people on the outside think it's too centralized? I can see where that thought may come from with a relatively small pool of witnesses writing all the blocks. I think the points you make here counteract that though: witnesses aren't competing to mine the newly generated coins and racing each other for the most powerful hardware.
I'm with you in the DPOS chains and bought some LTC about a week ago for the purpose of getting EOS. I'm making the trade today, and thankfully my LTC has doubled in the meantime. Now I'll be ready for EOS to moon next year! :wink:
@lukestokes
Also, a little more on the crypto kitties. Crazy that this took off on a chain that can't handle the number of transactions it generates, and charges transaction fees. So anytime you breed your cat, give someone a cat, etc, that's a transaction requiring a fee. And you'll have to wait for that transaction to be written to a block...
It's hard to not imagine something like this would be much more successful on the Steem blockchain. No wait, no transaction fees. It is amusing how many new users of crypto this resulted in. Leave it to cats to bring more people into the revolution. Haha.