Steem Co-Founder Dan Larimer On Why He Left Steem & His New Potential Ethereum Killer Cryptocurrency EOS

in steem •  10 months ago

Almost a year ago today I first heard about Steemit.com

A few people had mentioned it and said I should get on it. But I get dozens of tips like that per day and most just go unnoticed.

But, one day I decided to go to Steemit.com and posted a brief intro. And, it made $15,000!

To say I was somewhat intrigued after that is an understatement. But, it wasn't until I understood how Steem worked and actually interviewed Dan Larimer for the first time that I realized just how genius it was.

When I found out Dan was an anarcho-capitalist whose goal is to "engineer the economic incentives which make freedom and non-violence profitable," I liked him even more!

And once I understood how visionary he was in creating both Bitshares and Steem I realized he is one of the very, very top few leaders and visionaries in the cryptocurrency/blockchain space.

So, when I asked Dan to do an interview to discuss why he left Steemit and what he was currently working on, I was astonished to find out he was already well on his way to creating something that could be even bigger than Steem.

It's called EOS and I really think it has the potential, under Dan's guidance, to become massive.

You can see the entire interview here:

EOS is still in the very early stages and won't even be fully running and live for nearly a year. So, take that into consideration.

But, if you were sad you missed something like Ethereum when I recommended it at $2 in early 2016 you may want to look at EOS. Because, from what I've seen and heard so far it could actually surpass Ethereum in the next two years.

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Allow me to upload your interview safely via Viewly !!! Let's decentralize our uploaded videos.

Find out more about the revolutionary Viewly project (behind it is steem witness @furion) here:
https://steemit.com/viewly/@furion/this-demo-app-lets-you-publish-videos-on-steem

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all social networking sites and messaging services! lol

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yep, every user activity should be paid in the future ;)

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that would be selfish, don't you t hink...

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Hey @delvamaynardreid think about it like this. We pay media platforms like facebook by allowing them to mine our personal information and sell it to third party companies. We also pay them by generating the site traffic that makes the platform profitable. Further, through using the platform we expose ourselves to their paid advertising. This makes facebook a lot of money, and we will never see a dime of it directly from the platform. Should we get paid for putting our information on the internet, or should a centralized company be allowed to take the information for free and sell for a profit? Should we get paid for generating the traffic that makes a platform successful, or should we allow a company to continue fueling itself via our time and thoughts for free? Is it selfish to see the value that social media platforms have created and think, the value doesn't lie in the company behind it, but in the people who use it? I don't think that is selfish at all. In fact, I think it makes us inherently more likely to contribute productively to our community and be better people. I hope you understand what I mean in this post and can see where I'm coming from! Peace.

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applauded
for your great comment

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Great observation...

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yes i believe we should get pay and you are right these companies are selfish hope some understand what you said and its importance its like you are everywhere and dont even know

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Agreed 100%. We are the ones who should be getting a share. Not the platform. Like they say...we ARE the product to FB, TW and so on.

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Here, here as long as steemit doesn't become yet another platform for celebrities to sell more crap ;) I'm with you.

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This touched the my little anarchist heart!

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totally right my brother!

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not only to youtube.... instagram, facebook and so on....

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agreed on decentralizing the world and No to YouTube, But there is still a very long long way for EOS to compete with Ethereum and it even could be impossible.
if he just put his focus on Steem we can see it around $10 or even more.

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if he just put his focus on Steem we can see it around $10 or even more.

That is only the profit perspective.

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and a very short term one at that.

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Crypto currencies are a opportunity. Internet money.

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wow, i have been waiting for a bold statement and action like this, great.

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say no to any social media platform that does not:
put the control in its users
prevent censorship
conduct its business transparently
have any real value besides memes and games
Glitch

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I agree...

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you have a good point but hmmmmmm

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fascinating! i agree w/ sans youtube.

ps jeff when is your rap video coming out?

scotty_ETH_donation_pub_addy

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What an awesome way to deal with videos by decentralizing their uploading processes! Thanks a bunch for sharing this knowledge with us @leondani! All for one and one for all!

Namaste :)

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@eric-boucher you make a lot of good contributions yourself... keep pushing what can be done!

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Thanks a bunch, all for one and one for all! Namaste :)

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I have over 2700 Steem Power and I created this campaign which I hope will help improve comments on Steemit:

I will upvote every constructive comment I get on Steemit with 5-10 cents in order to create a WIN-WIN-WIN.

You win by having me upvote and follow you, I win by having great comments and more followers and above all Steemit wins by getting better content.

Read about the rules and conditions here.

Please respond here or on my post with any feedback you have, thanks!

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i agree.
i'm following you.

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@saifshourov2380 Appreciate your follow, I already upvoted, followed and responded to many users. I hope you can be the next one! ;)

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Following you now...

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I feel the best way to build a presence on Steemit is to create a loyal sub-community of followers who support each other with upvotes, resteems and constructive dialogue. The Minnow Support Project had the right idea but it is now too big for any one person to benefit past a certain point.

I really feel the way to success here is for your community to be between 20 and 30 people to help each other build Steem Power. Guys like Greg Mannarino did it right by bringing his Lions to Steemit.

I've been doing something similar with my fans on Periscope, and it has worked to a degree. But it is slow and eventually worth your time.

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Interesting, what do you talk about on Periscope and why are you trying to build a following there?

I'd like to read more about your comment! Care to improve the quality of your comment by linking to how Greg Mannarino "brougth his Lions to Steemit"?

I upvote high quality comments ;)

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I talk geopolitics mostly. You can see that on my steemit feed, where I cross-post and enhance my paid work for other sites.

https://steemit.com/@goldgoatsnguns

That is my bailiwick and the core of my writing. I write for Seeking Alpha (finance), Russia Insider (politics) and Halsey News (politics/culture). My schtick, for lack of a better term, is merging astute political analysis with investment advice to assist people becoming self-sufficient and, by extension, happier.

I have begun moving them into the cryptos, gold and anarcho-capitalism as well.

Periscope was and is a way to build a following to drive people to my work and build a business for my subscription services. but, I have found that both it and Twitter are engaged in the worst kind of censorship and that following grew to a point and was then crushed.

So, I'll be moving to you tube live in the near future as yet another stop-gap until a blockchain based streaming solution presents itself to properly interact and engage my audience.

There is a real hunger for good, honest and objective political commentary that simply needs better tools to help them find an audience. Twitter was supposed to be that but they've become so hostile to it that it's offensive.

Greg Mannarino is a financial analyst with strong you tube following who brought them to Steemit and now he posts here and manages his community, that he calls 'his Lions' on Steemit. It's brilliant for him and them.

He makes them money with good financial analysis AND the content they produce on Steemit.

It's the model I intend to use to build my community, but it's starting from much more humble beginnings.

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Interesting! I always like to interact with writers, we always take time and care about how we present our thoughts in the written form. Followed you by the way.

How does one go about investing in anarcho-capitalism other then doing it through crypto projects?

You have further piqued my interest regarding Greg, what is his Twitter handle?

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I don't follow greg on Twitter... you should be able to find him with a simple search. in fact I try to use it as little as possible anymore. If they don't want me than I don't want to use them. :)

You invest as an anarcho-capitalist by removing yourself as much as possible from the system supported by government looting. In my case that's building a small hobby farm that produces the lion's share of my family's food.

It means having a pool of real savings, a la Austrian Economics, in gold, silver, property that is then leveraged into counter-party risked based investments. It means homeschooling your children (investing in their mental and emotional well-being).... etc.

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I love Viewly! :D

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The article and the interview were great but this news on Viewly is even better! Thanks @liondoni!

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Viewly is exactly what I was hoping this community would build. But, at this point, I see legacy social media as a tool to build better awareness of our content, Steem and the coming anarcho revolution. Once people see there is something other than creeping corporate fascism as a solution they will embrace it with everything they have.

For now, YouTube is a tool which I shamelessly use to further me at Google's expense.

Youtube.png

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Interesting project, viewly. Thats one really big fight ahead, competing with YouTube and such. Best of luck. :)

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Great to hear about this new platform! I heard there may be a decentralized audio platform as well. Does anyone have any news on it? As a musician, I am concerned that SoundCloud will disappear!

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Thanks! Great information!

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You're welcome. Another one is token.fm . Let us know what you think of both. Other musicians would like to know...

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Can't wait to try it. I am curious how long it will take to implement the interface. We shall see!

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This is my first time using stem and learning about everything its a lot to take in.......

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Decentralized ISPs... coming to a neighborhood near you soon.

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yes we need mesh network ISP services that let you "Mine" by hosting signals to let people use ur wifi or something, and u can just put up lil solar powered wifi routeres up like gotenna devices and the BRCK wifi backup generator we need blockchain wifi in africa

wifi mesh network where we mix hardware with the blockchain to allow anyone to get a device to implant it somewhere and it will have solar panels and a battery and it can also just be plugged in at peoples houses, like powerful wifi routers,in mesh networks, or ontop of buildings (theres a local wifi mesh network program to give free wifi to low income neighborhoods hre in san diego and in othe cities, and we need to build on all these wifi mesh network programs...we just ave to fill in the gaps! connect the wifi dots! and soon the entire planet will be saturated with wifi and then we will eventually use LIFI and Light signals to cut back on the ELectrosmog wifi pollution in the air as covering the planet with wifi may not be healthy but we will be switching to healthir frequencies, because lets be honest, wifi is not unhealthy, they can use it to hurt ypu if theyre trying to but you can sit in wifi all your life u wonyt get cancer, thats a myth, it doesnt slowly cook your fucking brain, if that were true, you could put a piece of meat on your phone...go ahead, put a piece of meat on yopur phone and turn on a yutuibe video or make a phone call, u wont see the meat cooking, maybe the heat from the BATTERY might warm it up but peopel shoul stop talking about celphones goving you canver its never been proven

"There still aren't any good explanations for how mobile phones could cause cancer. The radiofrequency electromagnetic radiation they transmit and receive is very weak. This radiation does not have enough energy to damage DNA, and cannot directly cause cancer."

so anyway yes decentralzid ISPs and more wifi will be an INCRDIBLE resource for humanity! as useful as the OCEAN! a completely free wifi for everyone, maybe just enough for sending text and smal images, maybe just enough to make a few steemit posts a day, and then you pay to be able tow atch youtube videos, that could work at first but eventually i want even youtube videos to be free i want it all free everyone should have free access to the internet and the world can then start making ALOT more money its like getting everyon access to ROads and Autombiles! it makes the entiore WORLD more productive and EVERYONE wins! ior like saying we should charge peopel for elecricity and make moe money IR we can charge LESS and let EVERYONE use elecrtricity nd then jjust Guve it to those countries that hve never been able to aford it, and thet will get electricitya nd be able to do O much more work now! how can we NOt see the internet as the saem as electricity?!? the deveoping worlds peoples need it more than anyone! and they will not forget who helped tem! lets just help people help thjemslves and get a blockchgain ISP up and running that alows ANYONE to connect to a mesh network using volunteer cord funded networks all around the planet so no matter how far you live frm our niodes we just rind a way to connect to you maybe we can raise money to laucnh our own satelites with spaceX which is VERY doable and these satelites can proviode a 3g or 4g signal and ANY smartphone can pick it up so no speicla hardware required! we would all have the ability to connect to these low earth orbit sateites to get all opf our internet needs nio maytyr where we are in the world! if a system like that was put up immiedtaly overnight it would be over capapcity haha if everyone all of the suidden had a free wifi signal OR could connect from their smartphones to a 4g signal, eveyron would be on it! well if it was wifi yeah everyone would see it and conect to it automaticaly!

wow imagine that! satelites tjat transmit free wifi to everyone on earth! imagine how much that could increase the global GDP!

Outernet is upposed to b something LIKE that! U can get free internet from sateites using a $200 piece of hardware caled Dreamcatcher and or "Lantrn" and yeayh check it all ouyt!

we HAVE to find the people and raise the money here on stee,mit to try and make our own ISP we find the best peopel, and we find peopel who might be just as smart but will ork for less hah we fine new up and comers see hwich ones could hwelp us make a blockchain ISP mesh network system OR who could he;p us laucnh those low earth orbit global Internet satelites ....and if its posible to create a wifi signal rthat every device on arth could connect to or multiple satelites so many that no mater where you are you could connect top one of our satelites ...and how much that woudl all cost etc, but i believe we coudl raise the money after showing just how much easier a global free wifi would make our lives easier...it would make EVERYONES lives better...global GDP could DOUBLE if EVERYONE had fre global wifi esoecialy places like chian or noprth korea which would have to install wifi jammers everywhere hahah if u can get wifiu from spavce the government can cenor stuff

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Great idea in concept but the RF noise floor for wifi signals is already terrible. Running a global mesh network isn't going to help matters. Ad hoc and mesh type networks are inherently inefficient and require transmitting the data many more times than an engineered wireless network with centralized nodes.

Decentralized at the local level might work but the telecom industry owns the back bone of the internet currently so there's not anyway around them... yet.

Look up Wireless Internet Service Providers. I think you'll be surprised how many companies are already positioned to break the monopoly.

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Only the latest news in the world of crypto currency!!! Subscribe to Forklog news..

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Just posted this article that talks about EOS as the 4th generation blockchain challenge for Steem.

Analysis of Steem's Economy - A Social Scientist's First Impressions - Part 3/4 in the series.

https://steemit.com/steemit/@cyberspace/analysis-of-steem-s-economy-a-social-scientist-s-first-impressions-part-3-4

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he is a great guy with versions

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Crypto is up between 40% and 120% compared to the dollar! Also a good recap on what happened on markets!
https://steemit.com/main/@az-charts/recap-what-happened-this-week-in-the-markets-steem-price-bitcoin-price-analysis-in-all-markets

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Is there a way to browse viewly? I couldn't find videos like you can with YouTube

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thank you so much for the video,,,

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LOL at 4:20 @dan says he isnt a "front end developer" hes a "back end developr" So hes saying hes not a tits man but an ass man!
haha but all kidding aside this is INSANE how i never even knew about the whole "front nd" vs "back end" of a websidt that those were even seperated!

some of us wanna be backend developers and work ob the code and the software innards

then the front end developer people we can be the ones who help get more users help with the Graphics and user interface and the marketing and yeah its gonna be so cool when we figuire out who is good at what!

we will develop a coire group of steemit power users and steemit head hunters who look through our own pool of peopel and steemit uers and findthe ones we can uyse to get ALOT of work done and the backend stuff is almosrt all done (it will keep being upgraded forever of course) but omg i cant WAIT to see what the front end changes will be!!!! cn u IMAGINE how cool steemit will look soon! we will leave reddit in the dust noone will wana usee lame old reddit we wil have moire users than reddit and then we will get more users than even facebook!

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we need viewly to be a whitelisted embed here! :)

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great ..watched the video.. thanks for commenting with it included.. :)

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I hadn't heard of Viewly, thanks! It's become fairly common knowledge that YouTube has their hand in the pot a lot surpressing the View Stats and seo of content they don't agree with--all while willfully ignoring gore/sexual content targeted at kids. #ElsaGate

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Decentralize All the Things! I had no idea viewly existed. Thank you for sharing!

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yep i say thats the way to go freedom and kill the potential of profit from crime

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That's exactly what we need more. Practical blockchain application.

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decentralisation sound like being free to me and thats all i want

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fascinating! i agree w/ sans youtube.

ps jeff when is your rap video coming out?

scotty_ETH_donation_pub_addy

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it is not clickable?

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I didn't expected it to play. You're the one "streaming" it?

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Decentralize the goverment and international voting dispute resolution.. - what if the banks etc end up owning most of the tokens like now we would still be in their control in the decentralized zone

Steem could be smart contract platform, but we missed it :(

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This post received a 4.1% upvote from @randowhale thanks to @paasz! For more information, click here!

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A Strong women looks a challenge in the eye and gives it a wink
Cheer for women's world cup final for Team INDIA @aaravm and upvote post

Great interview! Thanks Jeff!

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This post received a 3.1% upvote from @randowhale thanks to @thedanzel! For more information, click here!

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This post received a 3.8% upvote from @randowhale thanks to @kryptokayden! For more information, click here!

Unlike cryptocurrencies which could in 20 years have multiple successful coins i reckon there will likely be only one smart contract platform that is successful.

I wish @dan luck and I have invested some into eos, but it is going to be hard to replace ethereum.

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Im not sure if Im missing something but the only use case that Ive seen to date for smart contracts is the escrow of funds, i.e. "If this then that (release funds)". If this is true then the code based escrow of funds (smart contracts) is a feature that will be needed by all 3.0 crypto's right out the gate.

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Escrow is definitely a big one, has potential to save companies millions in logistics. But there are others, exchanges and ico's, and being Turing complete anything you can think of. I expect we will see a lot new uses in the next year.

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They might do different things. My understanding is that Ethereum is like the rails of the new railroad we are building (Clif High's analogy). I've heard Dan Larimer refer to EOS as an operating system that Ethereum would operate within, so how that interfaces I'm not sure, but perhaps they would work together.

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For me it is not that clear, I mean, world is quite wide, applications are wide, so I see multiple platforms with maybe some specializations competing. And it is good, we always should push for competition instead of monopoly to avoid technology stalling and being captured

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What Steem has that others (coins) don't: Real Content, Real Users and a Real Community....

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I wouldn't go that far. Bitcoin has real users as explained in the video - 150,000 merchants who enable users to pay through Bitcoin. That being said I think it would be unfortunate if Bitcoin dominance were not to decrease since it would essentially mean that blockchain technology would not fulfil it's potential. I outlined that here

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I'm guessing that EOS will be that and more...but a couple years down the road before it gets going.

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I wish I knew enough but I'm learning quick.

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I am no cryptocurrency expert. In fact, the mere thought of me being a bitcoin expert is enough to LOL at. But I do know a little about economics and finance and I have always been fascinated by money.

Not in the sense that I want more of it (that too), but the mere fact I guess that you can hand someone some pieces of paper and get pretty much anything you want.

I like it that Dan THE Man is getting more and more confident in interviews. I love it that he is going after that 30 Billion ETH bubble too! I just bought another 1700 #EOS before the @jeffbereick effect does to EOS what it did for #steem.

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it's hard to be a noob in crypto space... bewildering (-: peace

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good point @freedomengineer

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What is the @jeffbereick effect?

Wow great Vlog! 1st time steemit and my 1st reply!! So excited to be part of it 🤗🤓

Great interview - definitely got me more interested in EOS!

Sooo humbled by the genius of both of you guys. Thanks so much for sharing. Gonna check out EOS for sure.

Not available in USA? Darn.

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American? Use Bitfinex exchange, then transfer to your myetherwallet.com wallet. Or some people use a VPN to buy direct from the crowd sale.

Edit: https://coinmarketcap.com/assets/eos/#markets

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Hey man, I actually posted a guide here: https://steemit.com/eos/@robertdurst10/how-to-join-the-eos-ico-as-an-american

It is possible to participate in EOS ICO with MyEtherWallet!

I like Dan. I think he is a genius and a lot of people feel the same.

I was at a Blockchain Canada official meetup last nite with 180 people there, wearing my Steemit t shirt, talking to people about the platform, and a couple dev's were there too, saying the same things about Dan.

I hope I get to meet him one day.

I love how he translates things from paper to the real world and gets things done for Life-Liberty-Property -- as he says.

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Awesome! I need to get a Steemit T going and rock it. Just watched this video from a completely different angle. Came in from finding it on YouTube - need to change my methods and START at Steemit - still learning. Just joined the meetup site... too bad I missed it ( Fellow Canuck! ) - Looking to make the next meet-up!

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Do you know when the next meeting is, and are they held in toronto? thanks

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Look up "Blockchain Canada Meetup" -- there are several groups that meet similarly and all meet about once a month give or take.

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Dan is great! He is an innovator with a great perspective. Where was this Blockchain meetup? I'm also in Canada, would love to meet others that are in to Steemit and Blockchain. Also, where do I get a shirt!!?? This has to happen lol @barrydutton

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So, it was organised by Blockchain Canada - blockchain Canada.org . You can join their list there. They have a link to meetup of the home page. Unfortunately it looks like it was last night at York U. They seem to be about once a month. Maybe @barrydutton can confirm...

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This meetup was in Toronto, at York University. They happen once a month and other stuff springs up from other groups, on the regular too.

I hope you can look them up in your area. They are becoming very popular.

The experience you told me is almost similar to what I experienced.
The first time I heard about steemit I did not care about.
I underestimated.
But my close friend is persistent always tell me and mangajak I join in steemit.
Finally I follow her invitation.
After I was in the steemit community, I just realized.
It turns out in steemit I can publish all my stories and writings.
All the knowledge and experience of my life so far I can publish to everyone.
Thank you steemit ....

Honest question - Is anyone else concerned that Dan did not continue his work with Bitshares and instead went on to make another platform that will effectively be competing against it? That would be like Vitalik Buterin doing $1 billion ICO for a hot new cryptocurrency. Things start looking a little bit Ponzi-schemeish when developers do not stick with cryptocurrency projects they started and move on to do another one.

I may be wrong and there is a good reason for Dan doing this an not even using the Bitshares platform to sell it. Anyone else have a different perspective?

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If the new platform cannibalises the old one, then Dan is effectively fulfilling his promise of fighting for Life, Liberty and property. It shows that he wants to improve systems even if it means that old and popular systems fail because of it. That being said I doubt it's his explicit intention to do so.

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A Strong women looks a challenge in the eye and gives it a wink
Cheer for women's world cup final for Team INDIA @aaravm and upvote post

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I'm glad he still fixes bugs for Bitshares. I would't call it a Ponzi but we have to admit that the team there is doing a great job PRwise.

Great post, Jeff! You haven't steered us wrong yet. I have done quite a bit of research on EOS and am pretty impressed with the team, the protocol and the system as a whole. I took my own dive in this pool and snagged up a bunch myself. With 24 cryptos in my portfolio, it's definitely worth adding some to the mix

EOS is innovation. I need to grasp and learn more about it.
This is the future and the direction for crypto.
Let's hope everything go smooth for BITCOIN.
Sky will be the limit.
Keep on steemit !!!

Jeff, I made my first introduction post just 30 min ago after watching many of your youtube vids ...thanks for them: I learned a lot ! And this interview with Dan Larimer was also very useful to know who things went in the past

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Way to get in the game!!!

Tell the world

great interview!
a question for @dan (or anyone who can answer!)
is the Steem blockchain capable of delivering a truly decentralized social media application? currently it relies on a centralized website and I never see any talk about changing this, although it is a clear limitation.
or does a fully decentralized social media application require the increased scalability offered by EOS? and if that's the case will Steem be able to migrate to EOS seamlessly?
thanks for any answer

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is the Steem blockchain capable of delivering a truly decentralized social media application? currently it relies on a centralized website and I never see any talk about changing this

This is inaccurate; both the backend (steemd) and frontend (condenser) for running steemit.com are completely open source and anyone can download and run them on their own domain. There is no reliance on steemit, steemit inc, or steemit.com.

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still relies on a centralized domain (and servers) to host it.
whether that is Steemit, Busy or any other. they are all centralized websites.
a decentralized application would be running as an application from a decentralized wallet for example and if any sites were used it would be only decentralized dns ala namecoin.
in other words everything needs to be on the blockchain to be fully decentralized , Steem probably can't do it (not even a text only version? ) but maybe EOS can if it can scale and perform as it promises.

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still relies on a centralized domain (and servers) to host it.

No it doesn't. I guess you didn't understand the reply. You can download the software and run it entirely on your own computer with no domain or servers. The web site and domain are a convenience that helps get more users on the platform with minimal friction.

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great! can you point me to the software download? can't find it. does it support all the features and media types we see on steemit.com? or for that we need EOS?

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Our code is open source and everything you see on steemit.com is supported - you can run the entire site from your own computer if you wish. The front end application is called condenser and is located at https://github.com/steemit/condenser

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thank you . I'll try it out over the weekend.

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The software is on github: https://github.com/steemit (mostly the steem and condenser repos)

You will have to compile, install and configure it yourself. It supports all of the features that you see on steemit.com becuase it is the exact same software that steemit is running on its servers. I don't know what EOS has to do with this at all.

Jeff posts amazing stuff. But the thing I like about Jeff is his followers. They actually build each other other up, share tips and it's pretty much a troll-free zone. great info and community building at its best. @dan is no slouch either.

Thanks for posting - I love all your posts. I am getting excited despite all the negatively that I see on the internet. I like his explanations- it made me feel more comfortable. Regarding some wording(s) in the white paper being vague - I feel the same about others. I also feel as though I still understand very little and have to go with my gut instincts/common sense otherwise I should not bother to invest in cryptocurrencies. :) I watch videos from you, Jeff, in order to get insights then measure them with my sensibilities - then make a decision. :)

By the way, I am curious - do you read some of these comments? I figure you cannot get through all of them however I do no recall seeing a response from you? I could be wrong however.

Dan is nothing short of a genius. Sounds amazing. Gotta take a deeper look into this.

hi

Is EOS under Ethereum? maybe i should read in to this more and invest :)

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Is this a question you still want answered ? Or you only asked to be able to up-vote yourself ?

Just posted this article that talks about EOS as the 4th generation blockchain challenge for Steem.

Analysis of Steem's Economy - A Social Scientist's First Impressions - Part 3/4 in the series.

https://steemit.com/steemit/@cyberspace/analysis-of-steem-s-economy-a-social-scientist-s-first-impressions-part-3-4

Yet you still are on here, STEEM is just fine and dandy

Hi Jeff, Enjoyed your video on EOS - it really has a MASSIVE potential as it is way ahead of Ethereum's current technical status. I wanted to point out one thing you didn't write about which is that the genius way they are doing their Token Distribution stands to raise approximately easily over $1 BN for them!

If you think they have already raised over $200M and they are getting about $3 to $4 M per day for a whole year, so that will leave them with over $1 BN!!! Now if you add this type of funding, on top of the amazing technology and an incredible team - you get some seriously high chance of them making a massive impact on the Blockchain Space.

The reason I wanted to point this out, is because funding does make a huge difference on a company's ability to commercialise something. You can have the best idea in the world but if you don't have finance to promote it, it can go by unloved!

If you want to understand the details beneath their token distribution method and the money they will bring in this year and for more about EOS see the posts I made on my blog and in particular

https://steemit.com/cryptocurrency/@willstephens/4cpxu-why-eos-can-rival-ethereum-total-ico-funds-of-over-usd3bn-est-curentmarket-cap-of-usd4-5bn-overtakes-litecoin-market-cap

Sending love to you all out there and have a beautiful day!

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No matter how much funding any project gets, development still takes the same amount of time - certain key people have to do certain key development and testing. It may help to speed up development to a certain level, but after a certain point there's no more noticeable benefit to throwing more money into it. Limitations are good. So, it will still take x amount of time and the window of opportunity has to be hit while it is still open. Another thing that funds can be used for is to ensure steady funding of promotional work as well as to help fund other projects built upon EOS.

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agreed re development speed - but they can employ the best they can find ;-) I think the main thing the money will be used for is promoting the platform and helping to fund killer apps ;-)

Thanks for sharing!

very interesting

Watched your interview last night. Thought you did a great job and asked Dan some very important questions which Dan answered beautifully. He is so incredibly clear in what he wants EOS to do and knows exactly how to do it. He's not just making a better smart contracting platform, he's revolutionizing the space.

Thanks for the post. I also hear many people who do not believe in EOS. Personally I am loosing track due to the large number of ICOs, each one promising to be revolutionary although EOS is an interesting one.

Maybe it already exists, but a reliable ICO research and analysis company might help us all. There are some good crypto news sites providing reliable info though.

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Just read the Faq and the White Paper and see if you still want to invest; I copied the most important parts in an article that I wrote here:
https://steemit.com/crypto/@steemir/is-the-new-usd232-million-ethereum-eos-token-mostly-hype

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Dude, I just read your article. You are focusing on the wording for the token distribution - the technology is sound and when the blockchain is launched all our tokens will be translated into tokens on that network. They just have to word it like that in order to get past the SEC and other financial regulatory bodies!

Crypto currencies has changed the way we were transcating. It freed us from the spying eyes of centralized banks.

Thanks to bitcoin, steem and now EOS.

I recently joined steem & now want to try EOS.

I currently own 6 EOS and plan to invest 10% of all ethereum mining gains until I see some real changes. Thanks Jeff.

For those of you who don't know yet, not sure if it came up, the easiest way to buy EOS is with Exodus Wallet. It's super fast.

Thanks dan and jeff
I thought the blockchain will always need an update since the community is growing fast ! That means he could be around too !

But if the outcome of designing and coming out with a new decentralized app and ICO so the ppl who r really new to CryptoCurrency will be able to get something from the beginning , that would be great t.
I got to know crytos after the Ethereum passed the $200

Good thinking still .

And by the way @furion is coming out with a decentralized youtube called Viewly

Check it out too...

And good luck for all.

love it @jeffberwick! thanks sharing and advising this wonderful thing about EOS

EOS ....

Just watched the video a few minutes ago on youtube and it is all good news! I was reading about EOS a few weeks ago and it sounds like such a promising idea with very reliable people working on it! Would love to get into it and invest a little. Thank you for this interview! :)

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It was actually over a year if you remember when I told you about Steemit 3 weeks before you joined brotha!


https://steemit.com/steemit/@stealthtrader/that-time-i-told-jeff-berwick-about-steemit-before-he-joined

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LOL.

Congrats on all of your success and thank you for sharing this with us @jeffberwick do you have any suggestions for someone like myself who is just starting on Steemit to success here and influence as many people as possible?

Sincerely,
Joe Parys

Fantastic interview! Thank you so much! You've got a new fan.

Stoked for EOS!

No Steem is unstoppable no one can stop it .....

Ethereum будет работать внутри

.

I love this video man! I have been getting a tiny bit of EOS this month of the first time, its a tiny amount that I have, but I will try and increase it for sure!

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are you kidding me?

When I found out Dan was an anarcho-capitalist whose goal is to "engineer the economic incentives which make freedom and non-violence profitable," I liked him even more!

systems that make governments irrelevant. You've got to take disputes out of their jurisdiction.

This is exactly why I love Steemit and believe it can change the current money paradigm for the good.


SDG

Okay. Phase 2 is starting.
I will upvote myself und flag all that is under me.
I regulate the value. Everything under me has just no value for me.
And i want that people learn about looking into hidden comments.
I hope its still some trafic here...

Edit: Okay i stoped. I am to weak...

EOS is a very interesting concept. But it's like comparing Windows (Etherium) to Linux (EOS). They both do similar things but EOS has more specifics that you can configure it for. While I think some users may jump to it, most of the people already using Etherium will just stick with it. But who knows, Dan is a very innovative person and in one year we could see something revolutionary

Jeff, you have the best content consistently bro, your stuff is the most inspiring stuff man