Thoughts on Potential EOS Flippening of Ethereum?
Darren Connelly asks "what about future EOS flippening of ETH? Extremely hypothetical as it's not even launched properly yet, but what do you think? DO A VIDEO :)"
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
Is this like when ETH was supposed to take over BTC? LOL
When you start hearing rumors and claims of an imminent "Flippening," you can sure it ain't happening!
Eos has no Gas, unlike ethereum. This may not sound like such a big deal, but it actually is. The reason cryptos are only expanding at the pace they're expanding at even though people are getting shocking, life-changing returns in them is because it takes time. You really need someone to show you the ropes of how to store your coins, and the do and do-nots of the crypto space and security is perhaps the single greatest concern in the crypto world. Steem solves this with steem power and a time delay, which is crucial.
Steemit has the ability to go mainstream, because the genius Larimer made Graphene, which is able to handle this many transactions per second. EOS will build Dapps (Decentralized Apps) that will all be able to have the same setup as steem.
I am glad you brought this up. Steem is the most powerful blockchain in the world for the last year. Currently at nearly 2 million transactions per day. EOS is built on same tech dpos but with different purpose. Personally, ETH is my biggest most successful bet since 2016 when the prices were low but EOS will rival it then same way Apple and Mircosoft were direct competitors. The problem with Ethereum is its not scaling fast enough of the moment Vatilik announces the hard fork date for Casper ETH will moon.
EOS will scale to 100,000's of tps right away and have special developer tools to make user friendly. Sure ETH has the network effects (first mover) but I expect EOS to gain market share against ETH this year. Already dozens of legit dapps are building on EOS. I also expect Bitcoin market share to keep eroding into more superior alt coins. Lightening Network is over-hyped and over-rated product.
EOS is way more powerful than STEEM as it can execute transactions in parallel. STEEM can execute up to 180.000 transactions per second, which is huge, but EOS can do multiples of that running paralel executions.
I agree with you! I don’t see it neither. I still remain very bullish on Ethereum as a long term hold, despite the price dip and many alternatives which are popping up. However, There is no doubt that "competition" in this space has increased substantially in the past year. Everything else very well said in your video.
We really need to find something that we disagree about
lol. I would call it “We both use common sense”.
I think we can agree on this as well.
Good question from Darren Connelly, ethereum is doing good in coin market, this is one of the cryptocurrency I respected because of there valued and volatility second in coin market capitalization , interesting video @louisthomas.
I agree with you Louis, EOS is just a token and it does not have as much visibility as Etherum that already has several years in the market. Even if its technology were better it would take some time and work to impersonate a cryptocurrency with as much market cap and acceptance as Ethereum.
Yes, this will occur. Bitcoin set the groundwork for blockchain technology, but Ethereum will market the technology better and bring it into the mainstream. People will criticize this view, but the flippening will occur.
At the moment it is too early to tell but if I was to put money on any of the "ETH Killers" it would have to be EOS because of the track record of that genius serial tech entrepreneur Dan Larimer. Despite the entrenched position and network effect of ETH it is still a work in progress and vulnerable to attack in terms of transaction cost (GAS), speed and scaling . If EOS can quickly deliver working DAPPS that address these issues it will be game on.
Sir, when rates are going upward? any prediction or positive indicators?
Very elegant way to present you, The truth is in all your words.
It is possible to get many useful examples from your writing. well done and keep it up.
Flippening 100%. Almost funny to me how so many smart people still think BTC stands a chance of maintaining dominance in the long term. ETH will be next and then something new 8-10 years after that... the cycle will continue. BTC will also do well over that time and serve its role but will 100% be eclipsed by platforms with evolved tech and a much wider range of use cases.