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RE: The Most Important Cryptocurrency Debate

in #ethereum6 years ago (edited)

Hi. I find this topic really interesting. I was sceptic about Ethereum for a long time, I still am but it's good sign that they include the community in this discussion and don't just do whatever they feel like.

I have a question about something else. Today I've read this post on reddit:

https://www.reddit.com/r/CryptoCurrency/comments/8g768p/eos_dont_believe_the_hype/

It explains how no current currency can be decentralized, secure and infinitely scalable at the same time. It also talked about the consensus form of EOS being very centralized because not a lot of people have enough computing power to maintain such a node. Also the ones who will run such a node will have an incentive to bribe other users that own a lot of EOS to vote for them again in return for a few percents of the node owners earnings.

Then I thought about my NEO. I like(d) NEO and was really happy when I got it last december. It seemed pretty similar and I dug up the stuff that I've read about it a few months ago and it acutally is quite similar if not the same. Only with NEO there is also the chinese government with their fingers in the game.

So I thought about selling it because I don't want to be invested in a project with no intrinsic value. If the nodes shut down, the whole thing is gone.

On the other hand there are so many people working on this project, the community stands behind it very strongly, there are a lot of upcoming ICOs and as I already mentioned the chinese government is backing the project which can actually be seen as a security too. Because if the chinese government is involved they certainly won't let it fail.

I'm in conflict because on one hand this sounds like the opposit of what crypto is about but on the other hand it most certainly won't fail.

I just wanted to get my thoughts out and hear your oppinion if you have time to answer. Thanks.

Sort:  

EOS, a centralized cryptocurrency is what we might need at the current moment. To have the platforms, even though centralized, but to have them functioning. Like coinbase or gemini, they are centralized but required for crypto to function.

I believe EOS could be the first step and then Ethereum he second. Just like right now we have decentralized exchanges, but that came after the centralized ones.

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