RE: Final thoughts on Tron's Steemit acquisition
there's nothing special about this chain
I'd definitely have to disagree on that one. The tech behind it is actually really genius. Lots of graphene innovation has come from Steem, lots of additional features to match the ever online social media world, and overall it has a lot of concepts adopted into other places.
Looking towards Ethereum for comparison, their sharding methodology is vastly underperforming. They predicted what? 5x less shards with 10x more output? But that was no where near the case. Ethereum has a loooong ways to go tech wise, EOS has a loooong ways to go decentralization wise ( and currently usability wise ), etc.
Tron, and Steem, both have problems. But from what I've researched we are positioned to iterate faster than the competition and even in our less-than-perfect state we're still outperforming half the other chains out there ( more than half, but I don't wanna suck too much Steem dick tonight ;^) ).
Steem may not even be a "sidechain" as we know them today, perhaps it'll be more of a "complementary chain". No "one chain to rule them all" ideology, maybe the best bet is to allow multiple networks catering to different areas. Steem would be virtually untouched in this case.
Yeah, we'll have to agree to disagree. EOS 2.0 is vastly superior to Steem at this time. Which should surprise no one, because Steem has hardly seen any development in the last 2-3 years, whereas EOS has taken the Steem codebase from early 2017 and poured in probably 100x development resources to improving it. Meanwhile, Steemit has spent years chasing a scalability rabbit hole which still remains unsolved with the broken/limited MIRA implementation which no one uses. I rejected HF20/21 for a variety of reasons, but one of the reasons was the pathetic state of affairs with Steem development. Mind you, all of this is fixable. I don't know enough about Tron yet to comment. In general, as I mentioned before, all of these DPoS chains - EOS, Steem, Tron - are fundamentally flawed and unsustainable.
As mentioned in my post, Ethereum's Layer 2 solutions are already excellent. Optimistic Rollup is capable of hitting 2,000+ TPS, which firmly puts it in EOS/Tron territory, all of it without cluttering Layer 1 with unnecessary data, and of course, the DPoS challenges. Loopring powered WeDEX is even better than NewDex on EOS, and light years ahead of Steem Engine or the internal Steemit market. You even have DPoS-based layer 2 chains like Loom. Ethereum 2.0 is well on track to offer all the scalability Layer 1 will need for the near future without any of the fundamental compromises of DPoS, but of course, it's still a couple of years away. Same applies for Caradano, but I fear they're too late.
But the secret, of course, is that scalability is a red herring. What makes a blockchain successful economically is high value transactions. High volume, low value transactions are ill-suited for Layer 1 blockchains in the first place.
You're probably going to disagree with everything I've said, and that's fine, let's move on.