What on Earth is EOS?
Evolve Or Stagnate
From the https://eos.io website .....
"The most powerful infrastructure for Decentralised Applications" .....dare I say, ever conceived.
EOS will be scalable, flexible and usable. All of which will unlock the true promise of blockchains for the first time.
Exotically Organised Systems
Beyond that, nobody really knows. EOS is an idea, a vision that encompasses everything from the computer code being built by Block One, all the way to the promise of a radically different, better world.
Evolution Of Society
How do we get from powerful infrastructure to a better world? EOS is so fundamentally different from any technology we've utilised before. With it, we can change;
Elephants On Stimulants
the predominant economic incentive structures from competitive to co-operative
utilise the properties of blockchains to preserve systemic integrity
connect and include everyone with equal access
give everyone high utility decentralised applications that will transform everything about the way we interact and relate to each other
re-structure our societies to fit a healthier, more unified planet.
Enjoyment Of Solutions
EOS is a lot of different things to a lot of different people, defined by individual perspectives governed by knowledge, experience and beliefs. To me, EOS is a set of soft and hardware tools for generating more robust and efficient connections across the world. What we do with those tools will be up to us. Like our custodianship of Earth, we will have the opportunity to nurture and unlock staggering potential or to squander and undermine it.
Earth Offered Salvation
Evolution Of Steem (& Bitshares)
Emergence Of Sanity
Empower Our Search
Establish Our Share-economy
Explosion Of Sincerity
Economics Of Storage
Exploration Of State
Empowerment Of Stake
Energise Open-sourced Systems
Encourage Ostrich Sandwiches .....it might
Eventually Offered Space
Eggs On Saturn .....definitely possible
Others I've heard and enjoyed. I'm afraid I don't know to whom they are attributable....
Ethereum On Steroids
Economies Of Scale
End Of State
Happy Steeming
I'm a believer of EOS, will keep buying every week a bit until ICO is over.
Just for clarity, EOS is definitely not an ICO. I'm not sure there is a word for what it is.....I think of it being like a donation that may result in a gift of stake in the EOS platform when it launches and possibly some of the decentralised applications when they launch.
So it seems quite apparent to me that EOS has a lot of potential and will likely change the blockchain scene for the better. My BIG question and I HOPE you answer is what does it mean for the future of Steem?
Is there good chance that a similar social media platform will be launched on EOS? Will EOS make Steemit obsolete? No one has answered this question yet. Hoping you share some insight.
The short answer is that nobody knows. There are so many factors and everything is constantly changing. I will do my best to share what I think are important things to consider today;
Steem has market value today which is higher than that of EOS. Is the market smart enough to accurately assess the value of Steem? I don't know, but my feeling is no. In part because not all value is represented by money.....far from it. Also, the highly centralised distribution (leading to over supply of Steem as whales adjust to more reasonable levels of risk) and account growth limitations may be skewing the market. Steem and Steemit have generated enormous experimental, social, content and economic value. The marketplace for decentralised applications will be as big as humanity and despite it's flaws, people have come to love Steem and Steemit for what it has accomplished. As it is the community.....the global community of developers and users that provide the value, how they feel about Steem and Steemit matters a great deal. Steemit has many flaws but there is an active development community and the number of users is growing rapidly. Even if superior alternatives become available, I think there will be a stickiness to Steemit and Steem for some time. However, it all depends on how much more advanced EOS is than everything else. How much of an improvement would a social dapp on EOS that had learned from Steem's mistakes be? EOS is being built by arguably the world's leading blockchain developers with a history of launching the most advanced tech by far, supported by a world class team in every other department. If they deliver, it's possible they will be rebuilding the internet itself, the majority of business models and our societies. There is a strong chance a formidable social dapp will be in there somewhere. Today, the question remains if and when. For now, Steemit is the best thing around, by far, let's respect that but continue to make it better. Whilst there are developers willing to build and people willing to use it, Steemit and Steem will live on. The blockchain space is changing rapidly as the race to scale this technology continues. Hopefully every person that uses Steemit and Steem will come to learn something of the underlying blochchain technology and it's position within the wider market. That should then lead to some kind of analysis and perhaps from there an attempt to manage risks appropriately.
There is enormous value in the Steem community and the global connections being made. I hope whatever happens, those connections will remain on Steem, EOS or wherever.
Yes no body knows what the future will be though many such as your self have a very accurate perception of what is and a good concept of what the cutting edge is doing.
I appreciate your answer and agree with what you say. Ultimately as long as Steemit gets better or something better is made then its good for humanity, some people may loose a lot of value if Steemit fizzles, but its really the potential function of Steemit in the world that has the real value.
I have sorta been expecting that EOS would develop a Steemit killer and that is kinda scary but evolution is an essential part of life. I hope Steemit fixes its problems and evolves so it does not need to die off as an obsolete model. I as many others love Steemit and the many Steemians I have connected with.
Thanks for your time. I appreciate it very much.
Best Regards~*~
Lots of people currently laughing with me when I talk about EOS potential. They only see the price unfortunately.
It is still only a design but the potential is nearly unlimited...
Would be such a perfect toldyouso :)
There are no guarantees, perhaps they are right to be sceptical. For myself, there are clearly fundamental issues that are not being acknowledged in this space by investors....prices are potentially off all over the place. What's more, some are in it purely to extract as much wealth as possible and some are nurturing a potentially world-improving technology. When the greedy fail to achieve the profits they expect due to unrealistic expectations and timescales, there is often a lot of loud noise. EOS may fail to deliver on its promise, on its vision, but it's a vision worthy of support, of the attempt and it won't be for the lack of trying or true support.
I think its very healthy to be sceptical towards any investment. Im currently very sceptical towards the recent boom in crypto land.
But you should benchmark different projects next to each other. Not buying EOS would make sense if you are not believing they will make their promises. But buying and later selling on in a panic is completely irrational to me.
But ok everybody has a different strategy :)
Its very easy to me. Its a gamble this investment but so far there are no fundamentals showing any issues with the project itself.
Probably its noticeable im quite frustrated with the markets :)
Written like poetry~*~
"End Of Story"
It began with the big bang
It ends with EOS
Cool! Though I hope EOS is the beginning rather than the end! :)
"Earth2.0 Origins Saga"
It began with EOS
Look where we are now
Now I love that one!!
Too Many Acronyms ... Love it.
EOS will gona have a great future. The giant is still sleeping but it’s eyelids are already opening. With the start of the private testnet everybody can test the first light alphaversion and till December 2017 there will be a public testnet. EOS IMO will have a enormous impact in cryptoland.
I agree with you and the awakening colossus is a rather cool metaphor.
I love "Ethereum on Steroids" :D
That´s definitely my favorite description of EOS from now on :)
That one certainly seems to capture people's attention!
Well it's just damn catchy :)
nice one
This is good to know. Thanks for the information.
Good news for EOS investors.
https://steemit.com/eos/@kcfrau/eos-io-is-now-updated-to-inclue-generate-eos-functions-for-non-metamask-users