Topic: EOS - Asynchronous Smart Contract Platform - (Dan Larimer of Bitshares/Steem) - page 163. (Read 189738 times)

What is the use case of this coins
some say it is ethereum killer but price has been dropping in rapid pace from past few days

Vitalik just tweeted
There is room for multiple blockchains that run smart contracts.

ah you're right it is a tiered architecture. Tier 1 nodes are actually gonna be ruling the EOS ecosystem I guess,
He also mentioned something about EOS "constitution" so Tier 1 nodes will probably have more voting power as well i.e. for stuff like illegal content storage

Speaking of Ethereum I bet they will come up with something similar soon in term of tx/s maybe with the Plasma framework

Still the "no gas" concept on EOS might help in terms of quicker mass adoption of Dapps, but yeah I agree the market will decide

I am no technician but I have the impression that the tx/s performance is for the large part based on having less decentralisation in the network. Tier 1 nodes doing a lot of the heavy lifting (let's say, 20 of them) and then Tier 2 being regular folks like us with regular hardware.

In the end, this is just a trade off chosen differently, and not something fundamentally 'better' than ETH. Just a different choice. The market will decide what is preferred.

I saw Dan Larimer presentation yesterday at blockchainlive, they've made great progress so far
Their proposed infrastructure for decentralised storage and computation is looking great, no gas concept as such
for example the hosting is "free" all you have to do is lock up some tokens for the nodes aka "producers"
and you get those back when you don't need the hosting anymore

The WebAssembly (WASM) choice for their smart contract implementation is looking promising as well, they claim to achieve 50,000 transactions per second. Compare that with current Ethereum's 15tps and Bitcoin's 3tps

Any news of the Testnet and the blockchain live summit ? If anyone has a link to the talk I would appreciate it

Are the projects biting the dust from a use perspective or a speculative investment perspective? Because AFAICT, both Steem & Bitshares have more user volume than either Bitcoin or Ethereum. Now, if you're making the assertion from an investment perspective, sure.

 
Given that the EOS project is predicated on Steem / Graphene, technologies that have been developed and work, it would seem that the development state is far further along than the 5m market cap you suggest. However, I'm not suggesting it should have a $1.5b (implied) market cap.

All of the Dan Larimer projects are biting the dust. They are in a downwward spiral and appear to be somewhat abandoned. Maybe it is also the recent decline in hype after those projects were severely overpumped anyway. I cut my losses and moved on, this may still take a whole while before anything happens. This project should have started with 5mio marketcap to better reflect its development state.

I think it would be very useful to wait for the next wave if the initial hype and investment fever go down. I guess it's not enough for a certain project, it can take 8 cents an hour, but after 22 hours, 59 minutes and 59 seconds it will be a lot higher. I am a software tho and I can recall a lot of projects where the original idea was later broken by the hardware and other restrictions.

Looking at the new EOS dawn and the material published so far, EOS has this ambitious plan to be a platform that many sites like Steem can be built on top it. I don't know the background why Dan has left the previous organisations, perhaps politics or something but EOS hopefully will be a place he applied the lessons learned from all previous ventures. EOS seems to use centralised method to scale a decentralised network (21 super block producers) which is interesting . But if they can achieve half of what the ethereum market cap today that will be huge potential!

Per the white paper:

"A blockchain that adopts the EOS.IO software will award new tokens to a block producer every time a block is produced. In these circumstances, the number of tokens created is determined by the median of the desired pay published by all block producers. The EOS.IO software may be configured to enforce a cap on producer awards such that the total annual increase in token supply does not exceed 5%."

Additionally the white paper speaks to governance and in doing so asserts that:
"A blockchain based on the EOS.IO software recognizes that power originates with the token holders who delegate that power to the block producers."

And as a result, if the median desired pay published by block producers for the block reward is too high in the eyes of the token holders, they are empowered to vote a block producer out for a new block producer.

Does anyone know how the capacity increase is decided in eos? Is it voted or is it up to the block producers?

EOS Token [EOS] is listed: https://yobit.net/en/trade/EOS/BTC …
EOS Token Dice: https://yobit.net/en/dice/EOS





good luck .

EOS Token [EOS] is listed: https://yobit.net/en/trade/EOS/BTC …

Yeah, you mean the developers who knew how to build binaries without instructions? The same guys that produce blocks on bitshares were also the miners on Steemit? yeah.. I seen that happen first hand. What a dishonest way to start a coin. I have never bought or even used steemit because of that and I never will.

folks don't be fooled by these guys. they are professional scammers.

-These "devs" create coins then abandon them (Dan with bitshares and steemit) He will abandon EOS as well.
-They have a following of like minded developers who create icos that go nowhere (all icos on the bitshares platform have failed)
-They collude together to make enormous amounts of money off us regular folks. Steem is a good example. The only people able to create blocks where those same people in the "inner circle" Everyone saw this when steemit was being mined. All the same names as the bitshares block producers. EOS will be no different.
-They change the consensus so that they can get even more money Bitshares was originally supposed to have only 1 billion coins, they inflated that to 2.5 billion over night killing the coin's value. All the time the original developers were using Bitshares as their own personal ATM machine. Its no wonder the coin sank from 8K sat to 400 sat before this year's spring crypto pump. You're probably wondering how they got consensus from all the BTS holders? They didn't! They had a half assed vote on their forum bitsharestalk.org and the only people who voted were the regulars (The same insiders).

This thing EOS will sink to below 10 cents. Anyone who bought in the ICO is going to be hurting by taking 10x losses. Already its bad, the ICO was .80 and were at .64.. The first week of ICO we seen prices of 4.50 who do you think pumped it that hard hmmm? Those poor sods who bought the ICO at $4.00 They will likely never see their initial investment back.

Looking at your post history: https://bitcointalksearch.org/user/fertion3000-928595
you're either:
*drunk
*angry
*a hacked account

The next crap is the crumble coin, which is a lot of, and the main goal of the scammer is to deceive the trusted people and get the benefit from it. A lot of such was done, but for all without reason, the main profit, and if deception or fraud is the same without fear of all. SCAM COIN   

can someone eli5 on what purpose the actual EOS coin on the main net will have?

I read the whitepaper and don't really understand what value it has.

yeah, those who followed dan to steemit made a good chunk of money. I'm looking forward to EOS

because
USDT != USD