Topic: EOS - Asynchronous Smart Contract Platform - (Dan Larimer of Bitshares/Steem) - page 176. (Read 189731 times)
July 07, 2017, 04:05:14 PM
Hi, I am terribly sorry if this is a wrong place to ask that but I've sent some ethereum using myetherwallet but using option Send Ether and Tokens, instead of "Contracts". Is there any way possible to claim my EOS tokens or I've just foolishly lost them? (it was a small test transaction, yet I would love to see it succeed).
July 07, 2017, 12:26:27 PM
Market cap going down... I might buy when marketcap reaches 50M€ 
July 07, 2017, 05:11:31 AM
Is someone having delays claiming their EOS using MEW?
It's cause of overloads on the ethereum network and falling prices. Confirmation times are taking looong, just check your transaction details to see how many confirmations it has. Or maybe you didn't give enough GAS and it failed. 
July 07, 2017, 04:26:26 AM
Is someone having delays claiming their EOS using MEW?
July 07, 2017, 12:14:18 AM
I know there is no official EOS prototype yet but can someone explain how the POS is supposed to work compared to POW?
I understand Ethereum you run your app on the network and pay with ether to get CPU power. The computers providing power are rewarded with ether.
With POS you only need to prove you own a certain amount of tokens and get bandwidth accordingly. No need to spend your tokens. I guess that is how EOS is supposed to work. How are the computers providing the power compensated in that case?
I understand Ethereum you run your app on the network and pay with ether to get CPU power. The computers providing power are rewarded with ether.
With POS you only need to prove you own a certain amount of tokens and get bandwidth accordingly. No need to spend your tokens. I guess that is how EOS is supposed to work. How are the computers providing the power compensated in that case?
I think I managed to answer my own question by reading the white paper. Some quotes:
"Block producers publish their available capacity for bandwidth, computation, and state. The EOS.IO software allows each account to consume a percentage of the available capacity proportional to the amount of tokens held in a 3-day staking contract. For example, if a blockchain based on the EOS.IO software is launched and if an account holds 1% of the total tokens distributable pursuant to that blockchain, then that account has the potential to utilize 1% of the state storage capacity."
"One of the major benefits of the EOS.IO software is that the amount of bandwidth available to an application is entirely independent of any token price. If an application owner holds a relevant number of tokens on a blockchain adopting EOS.IO software, then the application can run indefinitely within a fixed state and bandwidth usage. In such case, developers and users are unaffected from any price volatility in the token market and therefore not reliant on a price feed. In other words, a blockchain that adopts the EOS.IO software enables block producers to naturally increase bandwidth, computation, and storage available per token independent of the token's value."
"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%."
So, in summary: Your EOS app receives computational power proportional to the amount of tokens you hold. Block producers are rewarded with new tokens produced by the blockchain and the market price of the tokens control how much computational power the block producer can afford. So just like Ethereum the token amount is indefinite with a proposed cap of annual increase of 5%. Sounds like it could work.
July 06, 2017, 11:42:45 PM
Since I was banned from their chat by Dan for discussing this, I'll just post it here.
https://image.ibb.co/esbsaF/eos_transfer.png
https://image.ibb.co/esbsaF/eos_transfer.png
Do you have any proof they are buying EOS and not other coins, or USD? They say they will not perform any share buybacks and if they did I think it would be pretty much impossible for them to hide and they would be pretty much screwed pretty fast.
July 06, 2017, 09:57:45 AM
Since I was banned from their chat by Dan for discussing this, I'll just post it here.
https://image.ibb.co/esbsaF/eos_transfer.png
https://image.ibb.co/esbsaF/eos_transfer.png
July 06, 2017, 08:51:28 AM
Theres so much bad publicity surrounding this ICO. Seems like a money making scheme that does nothing but build from existing tech. I wonder what some people see in it, aside from making a quick buck.
Not seems, it IS money making scheme. No matter weather we will see real working product behind it or not, so far we had only words in action, words that created hundreds of $millions and everyday $millions of volume.
Will be interesting to follow either way. Most said Ethereum was a big joke until the price exploded earlier this year, well many still saying it's a joke though..
I'm not saying this project is a joke because we dont really know what code is behind it exactly and how it works. I'm saying currently it's creating money out of plain words - and whata money it is :O
I also watch this carefully, even plan to buy some but days from now.
July 06, 2017, 08:09:30 AM
Theres so much bad publicity surrounding this ICO. Seems like a money making scheme that does nothing but build from existing tech. I wonder what some people see in it, aside from making a quick buck.
Not seems, it IS money making scheme. No matter weather we will see real working product behind it or not, so far we had only words in action, words that created hundreds of $millions and everyday $millions of volume.
Will be interesting to follow either way. Most said Ethereum was a big joke until the price exploded earlier this year, well many still saying it's a joke though..
July 06, 2017, 07:58:56 AM
Theres so much bad publicity surrounding this ICO. Seems like a money making scheme that does nothing but build from existing tech. I wonder what some people see in it, aside from making a quick buck.
Not seems, it IS money making scheme. No matter weather we will see real working product behind it or not, so far we had only words in action, words that created hundreds of $millions and everyday $millions of volume.
July 06, 2017, 07:45:19 AM
Theres so much bad publicity surrounding this ICO. Seems like a money making scheme that does nothing but build from existing tech. I wonder what some people see in it, aside from making a quick buck.
July 06, 2017, 07:39:55 AM
How can this be next etherum when this is a token?
Well, It seems the tokens that are being sold now on ethereum network are not the one that are going to be used on the EOS blockchain later. I don't really know how they can be of such value right now, I guess that's one of the reasons why everyone says it's a scam. Personally I don't think someone can come up with something delicate as this without the intention to actually build it.
PLEASE NOTE: CRYPTOGRAPHIC TOKENS REFERRED TO IN THIS WHITE PAPER REFER TO CRYPTOGRAPHIC TOKENS ON A LAUNCHED BLOCKCHAIN THAT ADOPTS THE EOS.IO SOFTWARE. THEY DO NOT REFER TO THE ERC-20 COMPATIBLE TOKENS BEING DISTRIBUTED ON THE ETHEREUM BLOCKCHAIN IN CONNECTION WITH THE EOS TOKEN DISTRIBUTION.
https://github.com/EOSIO/Documentation/blob/master/TechnicalWhitePaper.md
But don't expect that to happen anytime soon. According to the roadmap there is at least a year before stable release:
https://github.com/EOSIO/Documentation/blob/master/Roadmap.md
Quote
Failing to register a public key for your Ethereum account
If you hold EOS Tokens in an Ethereum account and fail to register a public key or lose the private key that maps to your registered public key, then your EOS Tokens will not be part of the snapshot when the EOS Tokens become fixed and non-transferable on the Ethereum blockchain. If and when someone launches a blockchain adopting the EOS.IO Software there may be less than 1 billion EOS Tokens outstanding after taking into account those who fail to register a public key.
If you hold EOS Tokens in an Ethereum account and fail to register a public key or lose the private key that maps to your registered public key, then your EOS Tokens will not be part of the snapshot when the EOS Tokens become fixed and non-transferable on the Ethereum blockchain. If and when someone launches a blockchain adopting the EOS.IO Software there may be less than 1 billion EOS Tokens outstanding after taking into account those who fail to register a public key.
That's everything you'd need to know about how it is expected to play out right there. And that is also why they have those disclaimers everywhere about the tokens having no worth, because the EOS team has stated many times that they themselves are not going to be launching a public blockchain. They are only creating the software for others to run a blockchain on. So if everyone who implements EOS's technology decides not to use their Ethereum snapshot to have a jumpstart of users on their blockchain, then yes, your token will become and remain worthless after that freeze. But give the amount of money behind EOS and the amount of users involved, a company would be crazy to not use the Ethereum snapshot to get a massive and instant influx of users and money into their new chain.
July 06, 2017, 06:43:52 AM
How can this be next etherum when this is a token?
Points 4, 5 and 6 https://eos.io/faq.html
So basically hard to say :p
17 and 21 are interesting as well. The tokens could have absolutely no value after the distribution period, or they will. It's up to the community.
July 06, 2017, 06:27:28 AM
How can this be next etherum when this is a token?
Well, It seems the tokens that are being sold now on ethereum network are not the one that are going to be used on the EOS blockchain later. I don't really know how they can be of such value right now, I guess that's one of the reasons why everyone says it's a scam. Personally I don't think someone can come up with something delicate as this without the intention to actually build it.
PLEASE NOTE: CRYPTOGRAPHIC TOKENS REFERRED TO IN THIS WHITE PAPER REFER TO CRYPTOGRAPHIC TOKENS ON A LAUNCHED BLOCKCHAIN THAT ADOPTS THE EOS.IO SOFTWARE. THEY DO NOT REFER TO THE ERC-20 COMPATIBLE TOKENS BEING DISTRIBUTED ON THE ETHEREUM BLOCKCHAIN IN CONNECTION WITH THE EOS TOKEN DISTRIBUTION.
https://github.com/EOSIO/Documentation/blob/master/TechnicalWhitePaper.md
But don't expect that to happen anytime soon. According to the roadmap there is at least a year before stable release:
https://github.com/EOSIO/Documentation/blob/master/Roadmap.md
July 06, 2017, 06:14:35 AM
How can this be next etherum when this is a token?
Points 4, 5 and 6 https://eos.io/faq.html
So basically hard to say :p
July 06, 2017, 05:59:45 AM
How can this be next etherum when this is a token?
July 06, 2017, 05:57:43 AM
I know there is no official EOS prototype yet but can someone explain how the POS is supposed to work compared to POW?
I understand Ethereum you run your app on the network and pay with ether to get CPU power. The computers providing power are rewarded with ether.
With POS you only need to prove you own a certain amount of tokens and get bandwidth accordingly. No need to spend your tokens. I guess that is how EOS is supposed to work. How are the computers providing the power compensated in that case?
I understand Ethereum you run your app on the network and pay with ether to get CPU power. The computers providing power are rewarded with ether.
With POS you only need to prove you own a certain amount of tokens and get bandwidth accordingly. No need to spend your tokens. I guess that is how EOS is supposed to work. How are the computers providing the power compensated in that case?
July 06, 2017, 05:51:58 AM
So after the short climb it looks like EOS is heading back down to ICO price. And the ETHs are all taken out somewhere to be dumped. And recycled to get more EOS. This is an incredibly genius move. Why didn't we think of it earlier?
July 06, 2017, 04:10:25 AM
Does anyone use Parity and has problems with it connecting on random ports and being blocked by Malwarebytes?
July 05, 2017, 01:19:39 PM
While there are plenty long term focused - I think a good amount were buying based on hype and going for a quick pop. That usually leads to drop after.
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