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RE: EOS.IO Storage White Paper Now Available!

in #eos4 years ago (edited)

If I read the paper correctly, it's operating on the same model as the Steemit isn't it?

Steemit "changes everything" because it rewards users for content they produce.

EOS "changes everything" because it rewards block producers for the content they host.

Both are different from the current blockchain economic models in that they make the service basically free to use, simulating current internet services like YouTube. When in reality they have a very clever model where new users are given tokens that are paid dividends which covers the transaction costs as long as the user holds them.

I understand building a decentralized storage system, or in EOS' case, a decentralized operating system, is much more difficult; but I see no reason why you would be skeptical of the same, proven business model.

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We don't host steemit on the Steem blockchain and never would...there's a lot of layers of stack, convenience and security concerns that go into hosting a website that just havent been addressed in the slightest

Never is a dangerous word. Who knows what the future will hold in store? Maybe these guys will come up one day with a polished product, a proven trackrecord and a clear picture of projected costs. Maybe they won't (slightly bigger chance I think).
But "never" makes your comment seem emotional. Relax, 300K Steemit users are here to support this platform and its dev & management team.

this is helpful

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