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RE: The gloves are off… EOS and Steem are in competition and it’s great news for us
I dont like this at all. I think Steem has NO chance against EOS. Steem should keep improving itself, add functions, fight malicious whales, vote buying, bad bots, create comment plugin,.... not fight a lost war.
I agree. Steem should be the best version of Steem. However having a potential rival around the corner might just be the kick up the butt it needs!
True the rival aspect is a big one for males to get some serious motivation to engage in creating something of high value. Something that many doesn't consider is that being engaged in something really take some interesting external factors to push you forward. If all goes smooth all the time usually that won't really be motivating to do interesting innovation.
Males love to compete especially when it's someone that is around the same level as them. Keeps them highly motivated to level up stuff. In the end we all win by getting better products and services out!
Dan might have left, but I think he still loves Steem and wont be trying to kill it or something....someone else on EOS however :D
But I find this unlikly, there are miriads of different use cases possible. Its much better idea to start something different, than competing with huge network effect Steem has.
Im comfortable. Steem & EOS to da moon!
Haha to the moon I am in on that! 🚀
After been producing content for over 10 years on YouTube I see what an amazing opportunity Steemit is if you get in early! Most people take this service for granted and have no idea how much you had to work to generate value on the other platforms! After you know what grind is then you will work hard at building up your Steemit to be in the top 1% of accounts! 😺
EOS is also super exciting clearly Dan is a genius. I think everything he will touch will turn into pure gold. Will invest in EOS if my Steem make some sick gains, I think! Since it's geeks we are talking about they usually don't want to ruin other guys projects! Geeks are too kind and sweet! Bitcoin, Ether, Steem and EOS oh boy. The upcoming years will be lots of fun!
There are advantages and disadvantages... for example the (10%?) inflation in EOS goes to miners who hold the RAM and other Computer Equipment. In Steem the main part of the 10% inflation goes to authors.
This is something that I think is very important to consider.
The very basis is somehow different, and if you build an app on that you will have to hold more and more EOS while your app grows in transactions. If other application grow even faster, the price to run your application might rise disproportionately.
Inflation of EOS will be 5% maximaly. Its flexible.
Steem will have 1% fixed infl. to forever. ....eventually. Im not sure how much is it right now, 9%?....
Will you? Network capacity will grow with token price. Miners will have to expand accordingly to have enough storage.
If your app grows - you make more money (this is up to you), you can afford more EOS tokens. If it doesnt - you dont need more resources. Quick maths :D
In reality it seems likely that people end up using both platforms, and possibly end up with very similar content, why wouldnt somebody cash in twice instead? That is unless EOS does something radically different from Steem, I don't expect platform loyalty to overcome human greed.
True. I would not abandon Steem just because theres similar platform build on EOS. The network effect and community I have build here is too valuable to lose.
...new users however, they might switch.