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RE: Reponse to Vitalik's Written Remarks

in #eos4 years ago (edited)

"The poor, who are not interested in putting the entirety of their often very low savings into a funky new cryptoasset in order to be able to use a blockchain."

The above is not only an exaggeration but also applies to Ethereum MUCH more than Steem/EOS & company.

This part of the sentence is just silly:
"putting the entirety of their often very low savings into a funky new cryptoasset"

But forget about THEORY... Isn't this very website proof enough that no one needs to buy anything in order to interact with the Steem blockchain? Sure, Steemit helps to onramp users, OK. But once that tiny stake is in the user's wallet, it never needs to be depleted. This onramping process has orders of magnitudes less friction than anything else in the cryptospace right now.

And let's not forget there are LITERAL examples on Steemit of "the poor" from around the world that joined this network and make a living using it.

As much as the theoretical debate is fun, the proof is literally right before our eyes.


Vitalik just answered Dan's latest piece so we might expect a response from @dan.

I guess I'm not the only one wishing for it. But we'll see if Dan's see it as worthy of his time.

I loved this comment on Vitalik's post:


Hey, I was bummed to hear you didn't have a steem account, you know... they're free! So it's really easy to get one, and you can just start posting right away! I mean, you don't have to pay anything to post... you just sign up and start writing. There's a lot of great content there too! I'm sure you're busy with Ethereum but if you have a little time... I mean with 3 second block times, you won't have to wait to see your post go live, and then, when people vote for you, you'll get some extra Steem, so you'll never have to worry about bandwidth again! :P Well anyway, I secured a couple of accounts for you, since you pretty much announced to the whole world that your name wasn't registered there. :) @vbuterin & @vitalikbuterin. You're welcome!"

Why is his payment declined? Im new here..!

Dan already has a shitload of Steem, he may be voluntarily declining payout to avoid draining the reward pool.

i believe that when @dan writes about steem, eos and other topics related to the steemit community he declines payment. i read his reasoning on another post some time ago

wow, thanks @teamsteem for sharing Vitalik response..interesting indeed. I am sure that @dan will have a great response of his own. Looking forward to seeing it.

making economic bets on next block producer encourages collusion and cooperation rather than competition

vitalik ignores collusion & centralization aspect of that critique completely and even shows that they will literally punish validators that disagree with status quo even if they are the majority:

the idea that we can create a protocol where it is expensive for the validators to attack the protocol, even if they are a majority.

as long as there are at least some "honest" nodes that refuse to follow along a malicious majority, such an attack is expensive.

Minority deciding for majority literally is centralization.

Lets also remember they used a 72% premine and regular ICO for distribution which already suggest centralization in casper. And literally nothing has changed about eth centralization demonstrated before such as abusing codebase, holding funding and updates hostage to get anything they want to happen and decide which chain is real:

note how Vitalik brings up carbon vote as example in low voter turn out. he forgot to mention that his vote was "official" for only 12 hours and yet they still used it to justify coding bailout of money (including vitalik's and other core devs money) set to default - effectively creating new tx that confiscated money from people they disliked.


How can vitalik honestly claim that you need som large amount of money to PARTICIPATE in the steem blokchain when its only trie of ETHEREUm and ICOs!'Its ETHEREUm which forces you to invest LARGE amounts oif money in ICOs in order to reap any sort of real reward....but with steem you can start at $0 like me and actually BUILD UP a life savings ovr the course of a few months! Theres a ton of work for any motivated steemit user who finds a niche and persues it! lots of value to add, lots of work to do, and is ethereum actualy much older than steem blockchain?!?!

Seriously It makes sense to get the publicity going about blockchains and get some attention and a "fued" going, halthy competition, but then again it hurts steemit to have Vitalik so arogantly dismiss Steem when hopnestly he knows nothing about it

I bet you Vitalik has never taken the time to even use steem blolchain and see how it works and what its caoable of, he has no idea of how much more effiicent it is and hes just mad that EOS is related to steem (graphene @dan etc) and that EOS is going to take away his ethereum's lunch and or thunder whichever saying you like better

I honestly do believe Vitalik has alowed the price and marketcap of ethereum to go to his head

he has become arrogant and he must remember that if ethereum ends up left in the sidelines by EOS then Vitalik's reputation will also fade...h will just be anothr altcoin maker who everyone will ay was just enjjoying a "bubble" and honestly he deserves alot of credit for ethereum but hey EOS will be ay better , sorry dude, but yeah steem is alot more powerful and efficient than people think

Just the fact that e have a working blockchain AND a working website AND its a working social media website all in one is a miracle...nothing short of a miracle..

look at bitcoin it BARELY functions with its hour long waits and $10 transaction fees....and it requires massive amounts of electricity and Hash power, Exohash's, just to stay on...while steem just needs about 21 rasberry pi computers and a few solar panels to work

As an avid user and believer in both Steem, Bitshares within Open Ledger ecosystem decentralized exchange. As great as Ethereum was and the funding it has provided the ICO's. It has a ton of issues and is extremely inflexible platform that has several flaws. The successful projects that Dan Larimer has already delivered with Steemit and BTS. His track record is excellent. Not taking anything away from Vitalik Buterin who is clearly a genius and has done an excellent job as an ambassador directly responsible for growing this emerging trillion dollar economy with the Ethereum Enterprise Alliance. With that said Dan Larimer is a rare genius as well that will be able to leverage the proven successful successful projects that are already GA to promote EOS that in my opinion will be 1000x beter then the Ethereum smart contract platform and prove to be a much better dapps platform to build of the will be light years faster with much better security. It will almost certainly take market share from Ethereum and will have 100x better tech when GA. It will eventually be the Ethereum killer and has the potential to not only rise above ETH all time high price valuation but to blow past it. EOS is the ETH killer and I have a price target of over $1000 per unit in 3 years. T
There is no better investment in my opinion then EOS currently out of and crypto currency investments. Not only that they are hoarding ETH daily over the next 12 months and will hurt the major competitor at the same time with what ever they decide to do with all that ETH at the end of the ICO. Hopefully, they donate to charity.

are you staying with eos at lest to its full launch?

i am staying with EOS far aftr that i am with EOS untill its worth so much that i will only have to sell tiny bits and pieces like a millionaire living off the interest!

EPOS will be well over $1000 so i anna ahve enoiugh EOS so i can just sell a lil bit heer and thre, i wanna pass it on to my children, its a looooong trm invstment for me,

why woul anyone sell it befoe its laucnh? If they belive its is really going to be specuclated tHAt high before its even out, well imagin how well iut will do when its up and running!

Man th EOS launch is going toe be CRAZZZZZYYYY

Remember to register your tokens before the freeze date.

Thank ufor ur reminder. I apreciate it. Now readuy for a crazy angry respone i wroyte? prepare urself! its not dircted at u but at the EOS gods,

well why? will I get screwed and loose al the money or what?!?!? Ive never used a crypto currency that makes me register...but its because depending on how much EOS u have is how much proportional power u get on the network right?

sorry for getting so md fuck ive been raging over this, u set me off man, hah i laready knw but ur triggered me not blaming u im just tellin u ho i went offona bunchof EOSposts, old ones tho so iuts ok, i was like "FUCK this they shoul figure thatshit out! u cant leave opeopel with worthless tokns just cu they didnt regiter!!!' haha i know i have til june of 2018 too haha but peopel will forfget to register right?

anyway thanks orthe reminder, if u didnt remind me id probly never figure out that i had to use this crazy long MEW 8 steop method on the exodus walet website guide, here fuckin sucks man, so many steps
so much extar wrk oh well

i guess i wont care once each EOSis worth $1000 :D

They have to do it this way. Otherwise they control the protocol and get stung with securities law.

The token registration is a vote. Your vote is your stake and the voting is to create a network using the software.

I'm sure they'd agree it would be easier for everyone if it was a direct sale etc. but this is the only way to insulate themselves (and as a result, you) from the government who will no doubt want to harm this platform.

Look at China, demanding exchanges refund ICO's. Block.One have managed to avoid this risk by:

  1. Giving away the protocol to the public
  2. Not starting the block chain themselves (it's started via the token registration / vote)

Genius in design

Oh I didn't know that! Here's almost a dollar for your comment! that's cool to know how the vote is like DPOS, so it's like, whoever how more of a vote, they csn potentioally make money curating? l;ol will there be curation on EOS? or so its liuke Delegated proof of stake but with Ethereum, man it's so cool that delegated proof of stake is working so well on steemit, have you heard of how Ark is delegated proof of stakje? no idea what Ark is yet, havnt read anywhere about how it orks or what it does why i would wanna use it BUT they said they got Arks DPOS keys onto a ledger nano and now the ledger nano accepts Ark for when u cast your votes ! so it makes me believe we might be able top have other DPOS coins like steem on the Ledger nano, think we could ever have hardware wallet support for steemit key storage? because yeah having the posting key and the master key theres like 4 of the steemit keys so that might complicate things, but having to plugin the ledger every time u wanted to send money on steemit would be really cool!

WIOAH I just noticed something, did your comment really get 8,863 Views??/ wtf??

i think maybe this is a glitch and its showing the views of the post in total? thats crazy maybe your comment got that many views cuz the post got that many views??
Im glad it did it explained a LOT and thats a very in demand question being asked about why the extra step and its because of the way EOS is built and I didnt know that! delegated proof of take is new technology that requires extra steps !liek when a jet Engine is first used by the airforce in new planes in the late 1940s the jet engines had lots of extra parts yhat needed extra maintenance! new tech has extra steps! i see that now

I understand how you were feeling. It is almost similar to a private placement deal in standard stocks. There is time and in the end it's better to happen now than once the freeze kicks in and end up losing the investment. Good luck!

yep i took a look at your profile and you are quite a good example of a steemian mate!

You brought up some excellent points.

Thats epic

@cob VERY good point!

Absolutely agree, to you @cob thanks for the thought.

Yes..Steemit is helping so many people !

oh yeah "the poor" O.o , how about removing criminal elements who are terrorizing some users that would be grrrreeeat!