RE: Why I think EOS will overtake steem?
What do you mean by "Why I think EOS will overtake steem?" If you consider marketcap, EOS has $6.79 B and STEEM has $1.15B, by marketcap EOS has already overtaken STEEM.
You probably mean that a DApp based on EOS will overtake Steemit (not STEEM as a coin). STEEM and EOS are the blockchains, Steemit and EOS based Social Media are DApps.
Steemit has lots of problems, solutions are not easy. It is evolution and adaptations with adjustment through hardforks. Therefore, any new blockchain based Social Media will struggle with similar or different problems. Can you argue that you cannot mine 10K BTC or LTC with your GPU or even CPU? This is called early mover advantages.
What is the difference between Facebook and Google+ (well funded and probably better engineers)? Facebook had the network effect and already captured the brand.
People using the bots are not earning more. Look at the bots ROI in https://steembottracker.com/. It is supposedly used for promotion. Its creation is based on "delegation algorithm", you can't ban all the bots. It is necessary for the posts to be promoted.
You have to remember 90/10 rule too. 10% are real useful contents and 90% are junks. STEEM inspire content creation, 90% of them will be junk like any other field and 10% will have some worth (reading).
Steemit has problems, solutions are not easy. It will take some trials and errors, adaptation. However, it has early mover advantage like Facebook over Google-plus, it will be hard to dislodge it. BTC is not technically better than lots of Altcoins (even LTC is faster and has 56 TPS while BTC is slower and has 7 TPS). Do you think LTC will overtake BTC soon?
Selfvoted for visibility.
Yes I mean DApp built on EOS will overtake DApps built on Steem, hence EOS overtaking the Steem Blockchain.
I think whats more important are the DApps created on the blockchain, not the blockchain itself.. and I was surely not talking about the market cap which is huge for EOS.
About the early mover advantage - yes you are right people gonna have some advantage, but thats silly to say that new people will keep on struggling and early birds will keep on growing cause they have advantage, real world don't work like that and if we are talking about the social media (not the technology,miners , crypto) where all should be equal and important to the community, it is strictly a no-no.
I am not against this platform, what I tried mentioning is we need changes fast, to stay alive in the game. Like bitcoin needed to change things, litepay high tps to keep itself up in the game. First of all, it's wrong comparing social network to crypto-currency, and if you still wanna consider we need to know why BTC is still important. It's because most of the entry level exchanges took bitcoin as the base, like in India we have zebpay which was the first exchange and till jan 2018 it was just focusing on trading in Bitcoin, but then the things started changing, they know people what something else and exchange competitors were growing so they introduced LTC, Ripple. Is LTC overtaking BTC now? yes I see that happening. If BTC doesn't work constantly on changing and upgrading its tech it will blow. Has BTC tried changing the tech initially? yes of course but some greedy miners didn't let that happen. If they would have let something like that to happen we wouldn't have seen Ethereum as a completely different platform.
When I say overtake I literally meant if we don't focus on changing the tech and algo of this platform EOS "DApp" will overtake foundation "DApp" of steemit. Everything comes with an expiry date, nothing is here to stay and we need to work hard every day to keep ourselves up in the battle.
As I said steem organisation knows the fact that we are not perfect and we need some good hard fork to change things but similar to BTC greedy people won't let that happen and which will surely give birth to something like LTC.
Remeber one thing people are not buying anything on social networks, they are earning right now. Tell me truly that you didn't shift to mining Ethereum when you were getting more profits mining BTC?. See that's what every content creator who is not getting the value out of steemit gonna do!
Before starting talking of facebook we should remember "Orkut" by google. It failed tremendously, people migrated towards facebook just because of more features and privacy. Network effect or anything won't help if you are not working on the tech. People don't give a fuck about early adopters, they want the best for themselves.
Take the example of NOKIA, BB where are they now? Did you ever think that they would go down so fast? But they actually did!
People don't stick to brands they stick to the comforts they provide.
About 10% rule, yes I know 90% of the creators are just spamming but they are not the ones who are complaining. Those 10% people are more important in this blockchain cause their content could do wonder for steem. If they start leaving the 90% will leave along with them.
@riseofth you do great work resteeming people content, commenting on them, paying a dime for what minnows write. We want more people like you. Thank you for the comment and opinion, I tried my best to answer your questions.
Not upvoted myself as I just have 5 comments in here and I think they all are visible. :)
Cheers!
Thanks for detailed answer. These problems are hard. Yes, it is hard for any newbie without significant SP to have a say in Steemit, even if they are prolific bloggers. Problem with DPoS like STEEM even EOS is that people who have the stakes (i.e. large holding) have the most say (i.e. capable of large upvote). But not necessarily, they are the rational beings and benevolent (e.g. @ranchorelaxo with 1.1M SP voting 10s of @haejen's posts daily instead of voting thousands of minnows). Therefore, STINC has to step up with better algorithms or actions (HFs). I agree that if somebody makes better platform, Steemit will feel the competition and force to change the status-quo fast. Even Steemit can go down the path or orkut or myspace, and any blockchain based Social Media platform can take the place not necessarily it will be EOS but any platform/blockchain since it is open market (i.e. open source) and competitive.
The pleasure was all mine @riseofth.
Problems are hard but are solvable, the least they could do now is instead of delegating much SP to dmania like projects they could delegate that amount of SP to some curation projects like OCD and Qurator. And help to introduce more projects like them, there are people who believe a lot in this technology, they could work every day to support some good content creators in exchange of some SP delegation and SBDs in the same way steemcleaners is working.
yeah, I just visited @ranchorelaxo profile, that so wrong on his part but we can't do anything about it.
I see that EOS have fair chances of making something like steemit with more perks and precaution than any other blockchain but who knows about the future :)