Ethereum recently hit #1 in daily transactions out of all cryptocurrencies! Annnnnd...then it had a heart attack. It essentially happened when a popular DApp called "CryptoKitties" required ETH to actually handle a reasonable number of transactions. In fact, Steem and BitShares each regularly process the transaction volume required by Cryptokitties on a near daily basis.
Adding to the pain of this situation, the number of transactions that stalled Ethereum represents LESS THAN 1% of the network capacity of each BitShares and Steem...
And what better date could this occur...than on the day of launch for the EOS public testnet?!
"If you are going to tell people the truth, make them laugh or they'll kill you"
As ridiculous as it sounds that kittens are destroying Ethereum, there is nothing quite like this situation to vividly exemplify the simple truth that we in Beyondbitcoin have stated from the very earliest days of BitShares--Ethereum cannot and will not ever scale to meet the demands of mainstream adoption.
But the truth about the failings of a platform (and its leadership) are rarely allowed to reach mainstream eyes and ears. However as humorous Memes have destroyed "fake news" and propaganda outlets outside of cryptocurrency, this moment seems ripe for us to take the Meme Infowar to the propaganda and fake news equivalencies within the crypto ecosystem.
So it was decidedly the Perfect time for a Fun little Meme Contest...
Meme Contest Instructions:
- Entries must include Cats, Ethereum and EOS
- Entries must convey the message that Ethereum failed because of inferior technology (truth)
- Entries can use the following picture (or find their own)
To enter, upvote and resteem this post and post your entry in the comments. Each user can submit up to Three Unique Entries. The winner will be chosen one week after initial post. Happy EOSing!
An EOSBIT is a Bandwidth token. A Bandwidth token is a token/ticket backed by a % of bandwidth owned in the EOS network. Since this token will be backed by a specificied amount of bandwidth in the EOS ecosystem, it will be possible to gain acceptance of these tokens in place of payment to use Beyond Bitcoin Partner Decentralized Apps (DApps). As bandwidth is a limited resource, these tokens will be worth a specified amount of bandwidth soon after the release of the live EOS Chain Launch.
These tokens are intended to gain value based on a market for bandwidth and partner DApps' accepting them as payment for services/perks. We live in a world where bandwidth on networks is accepted as a ubitquitous resource. EOS is the next stage of Blockchain-basesed IOT infrastructure and will solidify the value proposition of "Bandwidth Tokens" as we begin truly building Voltron...
What are Beyondbits and Whaleshares?
Beyondbits and Whaleshares started as a conversations in the BeyondBitcoin hangout series shortly after Steem was launched historically in those very hangouts. It began as "community tokens" or "tag coins" for those who never knew to listen in who may wish to listen to the origins in our BeyondBitcoin Hangout podcast series. Drop in and listen to them sometime!
These tokens give their hodlers the power to Summon a Whalevote to posts without having to pay for attention. And they are only given to people who Win Contests and do other things of value to the community!
These little hidden gems are held safely just for you. Waiting for the moment when you prove yourself in the arena of contests and hangouts like the whaletank...so if you haven't yet, you should follow @officialfuzzy and watch out for his new contests, or join the Whaleshares Discord where there are a community of Beyondbit Experts!
BeyondBit vote tokens are on BitShares! So make sure you have a BitShares Wallet to receive and send them for upvotes on your steem posts!
While you are at it, Join BeyondBitcoin Discord Servers Below!
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