/biz/ - Business & Finance

What this shit is?

>>13868100
It's block.one buying $24 million worth of RAM for their upcoming DAPP that they're going to announce on June 1. This amount of RAM only means one thing - they'll be footing the usage costs themselves in order to allow normies to use the app without creating an account. Mainstream adoption of the blockchain is here.

>>13868036
I skipped out on eos because literally everyone was so sure it was a scam. Now I check the price and its outperforming almost everything and they're literally acting like a legit conpany. Fuck this pajeet farm full of know nothing bag holders

>>13868459
Always bet against the reddit groupthink (/biz/ is where reddit rejects go)

>>13868147
Random access memory RAM or something else? Why they need so much RAM?

>>13868607
Yes, it's the same as the RAM in your computer. You can buy RAM on EOS which allows you to store data on the blockchain. This much RAM is capable of storing hundreds millions of user accounts.

>>13868036
It's called taking losses to pump the stock (coin).
>>13868147
>they'll be footing the usage costs themselves in order to allow normies to use the app without creating an account
which proves the platform is not economically viable in itself.
Knowing larimer it's going to be a relaunch of his old scam steemit

>>13869607
>which proves the platform is not economically viable in itself.
So you're saying the internet is not an economically viable platform?

>>13869646
If by internet you mean social media sites they make money by ads. That's why it makes sense to initially fund running costs.
How is a dapp supposed to make money on ads?

>>13868524
i thought i was the only one who thought like this lmfao... usually when plebbit hates something it pumps in a couple of weeks

>>13869659
Why can't a dapp make money from ads exactly? Seems it would be an easier thing to accomplish when you don't need to involve middle-men.

>be me
>buy 3k stack of EOS at the literal bottom by pure chance
>sell it for the LINK "dip"
>blog post will probably be about pancake crypto doggy dApp
>LINK dumps to $0.60
>EOS pumps to $20
AHHHHHHHH NO NO NO NO SUCH BRAINLET WILL NEVER MAKE IT

>>13869741
How would that even work? Sites can have ads, not smart contracts.
You can put ads on an interface to a dapp that you don't even own. Conversely, if you tried to put ads and data mine your users, they would probably switch to an alternative interface that's much leaner and ad-less.

If you can prevent alternative interfaces somehow, well it's not dapp then, you're just using eos (or other) as a super expensive cloud hosting.

>>13869804
>How would that even work? Sites can have ads, not smart contracts.
It's pretty simple. Send money to a smart contract or owner of a smart contract, and the site hosting said app will place your ads up.

>>13869836
>site hosting said app
uhh that's now how dapps work
dapps are smart contracts.

>>13869852
And how do you think people will interface with those smart contracts?

>this is the average person who calls EOS a scam.

>>13868036
central banking

>>13869852
>what is web3.js
hahahahahahahahah yeah anon dapps don't need front ends

>>13869901
Well that explains so much. EOS holders genuinely think of dapps as an another name for a web page run by the owner.
When dumb chinks bought etherdelta and thought like that and tried to charge listing fees, one guy just made an alternative interface to the smart contract called forkdelta and everyone switched to it, leaving chinks with nothing.
(later it lost to idex, uniswap and eth2dai but that's another story)

>>13869945
anon, I....

>>13869945
Congrats on not understanding the basic premise of EOS I guess

>>13869974
so what's the basic premise if not dapps?

>>13870002
It's a globally distributed super computer that you can own a share of or rent resources from, which is operated by 21 delegates via token holders. The dapps hosted on it are not under any legal jurisdiction and are not subject to the rules of some hiveminded megacorporation.

>>13870075
>global supercomputer
>run by 21 tiny incompetent chink bedroom data centers
Ok

>>13870075
>It's a globally distributed super computer
They bought 32GB of ram with these $24M.
That price would qualify as a supercomputer in 1980.
>The dapps hosted on it are not under any legal jurisdiction
that's blatantly false, they are under the jurisdiction of their data centers. Every block producer is a known public entity with a known location.

In other words, eos offers the decentralization of a typical cloud hosting provider for a price that's several orders of magnitude higher than competitors.

Btw, was there no attempt to post cp on eos, or is it just deleted immediately by the block producers?

>>13870121
Cope. If the block producers don't perform up to par they will just be voted out for ones that do.

>>13870156
>That price would qualify as a supercomputer in 1980.
Holy shit you're a brainlet. This is distributed storage.

>that's blatantly false, they are under the jurisdiction of their data centers.
Their data centers exist in about 15 different countries which all have contradicting laws. I'm done spoon feeding you, your IQ is obviously too low to grasp such a simple concept.

Very high quality FUD here, I enjoyed the reading

>>13870176
>Holy shit you're a brainlet. This is distributed storage.
It's distributed 21 times.
How much do you think renting 21 servers with 32 GB costs?
>Their data centers exist in about 15 different countries which all have contradicting laws.
that doesn't mean immunity wtf, that means they have to follow 15 different law systems at once.

>>13870156
The blockchain can't enforce national laws dummy. You would need more than 2/3 of them to be under the same jurisdiction which is nowhere close to the case

>>13870214
Imagine being this retarded

>>13870214
The problem is, it's burdensome for national authorities to recognize the blockchain as a data source. If there's some explicitly illegal material, public access to it will be provided through a conventional web interface. If it's purely on the blockchain and nowhere else, then if you simply ignore it, no one will probably go after it.

>>13869804
>>13869945
Valid points. Offhand, I suppose EOS dapps can be "freemium", with some functionality being available to everyone and some requiring a deposit

Their main social dapp could also be not for profit but rather like most Google services: an incentive to use the main product (in this case, EOS)

>>13870232
>>13870232