/biz/ - Business & Finance

>>8804097
I would be fucking loaded.

>>8804097
Only 0.2k. I'm not gonna make it, am I?

>>8804097
Can you shill me plox

Quick rundown?

>>8804097
Great. another ERC 20 Ethereum killer thread. Keep padding Dan Larimers pockets he will stick around longer, but as soon as the perpetual ICO is over you will be left holding the bags.

>be an EOS developer
>have endless ICO
>hype your untested shitcoin with no product
>send the ICO ether you recieve back to the smart contract
>recieve EOS tokens and your own ETH back
>dump EOS tokens on the market to retards like OP
>repeat and keep printing money from thin air as long as EOS token has any value
>tell everybody you promise you aren’t doing this, its the only fair way to have an ICO goys! We will audit ourselves sometime later!

>>8804247
EOS is different and the initial distribution hardly matters. Sorry to anyone who falls for this nonsense.

is 1k really enough to be comfy? i've only got 4-5k and even that isn't enough when you look at how huge the supply is, and the risk of inflation. way overvalued right now for accumulation though.

>>8804292
>is 1k really enough to be comfy? i've only got 4-5k and even that isn't enough when you look at how huge the supply is, and the risk of inflation. way overvalued right now for accumulation though.
problem is I don't see the price going down unless the entire market goes with it, which there's not much you can do about, or if the mainnet release is completely broken, in which case would you even buy the dip? Chances are right now it's the cheapest it's gonna be.

>>8804346
i feel like every other coin, its going to drop pretty significantly, at launch, just like every other coin launch did, especially platforms when there's always disillusionment about developer uptake.

>>8804292

i have 15k, will i make it. whats realistic prediction by mainnet ? will it go at least 8-10$?

>>8804278

sure, enjoy you bags

>>8804403
making it is relative, my goal is around 70-100k, but it really depends on what happens at and after the launch. none of these ethereum killers are a particularly long term play for me, given the high competition between them all, and the number of them launching/making significant upgrades, which all have the ability to splinter the speculator and developer market.

>>8804278
>its different!
>offers literally no explanation

>>8804437
>making it is relative, my goal is around 70-100k, but it really depends on what happens at and after the launch. none of these ethereum killers are a particularly long term play for me, given the high competition between them all, and the number of them launching/making significant upgrades, which all have the ability to splinter the speculator and developer market.
EOS is not an ethereum competitor.

Ethereum is 15tx/s and each tx costs between 7c and 20$ to perform.

EOS has 10k+tx/s and tx are free.

They allow for completely different types of applications.

If you know any other project that have 1k+tx/s, free txs and turing complete smart contracts working on a test net let me know.

>>8804591
eos's main tech is smart contracts, ethereum is the dominant smart contract platform, they are 100% competing, and eos needs to "kill" ethereum if it wants to become the dominant player for smart contracts.

if you fall into the trap of thinking tech is the most important, or one of the most important factors into deciding what coin wins or loses, you should sell all of your coins now, because it will be almost impossible for an open source community effort to compete in tech. it's everything other than the tech itself that gives any of these projects staying power, and that's what you need to be able to look at and measure if you expect to do anything more than just play short to mid term speculation games.

>>8804097
I would like another thousand but I don't think that will happen.

>>8804679
>eos's main tech is smart contracts, ethereum is the dominant smart contract platform, they are 100% competing, and eos needs to "kill" ethereum if it wants to become the dominant player for smart contracts.
Not really. It's like saying phone booths were competing with cellphones.

Or that the first nokia cellphones were competing with the iphone.

It's not really a competition when one thing has 1000x more utilities than the other.

Saying that they're competitors because they're both smart contract platforms is like saying cars and bicycles are competitors because they're both methods of transportation.

>>8804403
$30 eoy. Higher if we're back to full swing bull market.

>>8804768
but none of those examples are relevant when comparing ethereum to eos, especially not when second layers are launching for every coin, and will inevitably be the only interface end users ever interact with, the differences then are minimal.

buying into eos is really nothing more than hedging against ethereum at this point.

>>8804591
What else can you tell us about it?

>>8804787
I'm buying because of the zero fees. Ultimately (even offchain solutions) dont have this feature

>>8804787
and don't forget, bitshares has similar performance to eos, and significantly higher than ethereum, thanks to it's tradeoffs between decentralization and performance, since it runs on almost the same base-codebase as eos will. but look at it now, it was decimated by ethereum, which came along with more features, but a slower, more expensive platform, and it won on developer mindshare and quickly become entrenched from mid 2016 onwards.

chasing tech is a fools game in this market, unless you're only thinking about the short term. long term, there will always be something that beats your network of choice in tech, without exception.

>>8804787
>are launching for every coin
from what I understand, second layers on smart contract platforms are years away. If they were 2 months away and running on a test net I can code on right now, you might be correct. But I personally don't give a fuck about technology that's years away and theoretical. In theory everything isn't a shitcoin, like chainlink for example.

Also EOS from what I hear, EOS can literally be used as a second layer for ethereum though I have no tested myself, I just started playing around with EOS.

>>8804804
it's not really zero fee, you pay fees whether you use the network or not, in the form of inflation, but it does make it much more attractive for very high usage users, at the expensive of normal to infrequent users and those holding eos as a pure investment.

>>8804830
i'd give it one year at best, and yeah, technically something like eos would be a perfect second layer for ethereum, given it's properties, but that would make things for both coins unnecessarily complicated.

and second layers aren't any more theoretical than eos as a platform is today. the might have the tech mostly there in testnet, but that's a whole different story when it comes to actually getting it running in a decentralized manner, and being able to attract people to the platform to get critical mass before the next "killer" comes along. everything in this market is varying levels of theoretical, bitcoin included.

EOS fudsters are completely missing what EOS is actually offering. It's not JUST smart contracts. It's the possibility of creating a decentralized autonomous corporation (DAC) for virtually everything. Each dapp will be a microeconomy, fully orchestrated by proper incentive alignment.

EOS is the only current blockchain that could handle social media built on it. See Steem for example. Imagine a decentralized Facebook with an in app token structure. Decentralized YouTube to pay content creators who truly provide the best content. Decentralized Soundcloud to fund the next Chance the Rapper.

Realize how much of a paradigm shift this is for crypto.

The Larimers don't have an original idea in their body and can only poorly mimic others' creative concepts to hopefully scam a few suckers into giving them their money. Just like they ripped off NXT's PoS algo and poorly implemented it as DPoS in Bitshares, they are now doing the exact same thing with Synereo. Heck, they even chose a name that is very similar to Synereo, "Steem". I'm sure they're hoping that people get confused, because they both start with a "S" and purchase their poorly implemented scam. Now they are claiming to have created the ethereum killer.

Stay safe, don't buy Larimer pump and dumps.

>>8804878
Let's say EOS mainet doesn't fuck up, I estimate it will completely destroy ETH in 1 year. Every app and ICO will instantly move to EOS.

If Eth can get sharding/layer/whatever working before EOS captures all the market share then they will be competitors, but at the rate at which ethereum is moving, it will not happen in time.

The only hope of ETH is that EOS completely bombs.

>>8804900
we've heard all of this before, ethereum had it's "DAO", and look at how that turned out. hype can only get you so far, eos needs to get past all of the same hurdles every other platform coin had to

>>8804954
>Every app and ICO will instantly move to EOS.
now you're just showing your immaturity to this market. is this your first big investment?

>>8804933
Nice copy pasta. What shit fud too. Original ideas? These are open source projects improving off the work and innovation of each other.
Also, Steem and Synereo having similar names? They're not, but really??

>>8804965
Completely different type of DAO. If one were to fail, it's like a failed ERC20 project. EOS, like ETH in that situation, would be fine. My point is the ease to execute such a usable level dapp.
Andreas said himself that the future of bitcoin/crypto likely resembles a DAO structure, yet after the 2016 hack it will take some time to shake off that fear of adoption.

>>8804975
>now you're just showing your immaturity to this market. is this your first big investment?
I understand the market a lot more than you.

How long did it take for Ethereum to capture 99% of the smart contract marketshare? It did instantly.

Same thing will happen with EOS.

I don't think you understand developers. We want to make fucking apps so we can make fucking money.

Ethreum doens't let us make apps. All you can do on ethereum is ponzi games and scam ICOs. Both these markets are fucking played out.

As soon as ANYTHING, EOS or other product comes out with usable, scalable dapps, they will instantly gain 99.9% of the marketshare (0.1% being scam icos and ponzi games, ethereum can keep that).

There's hundreds of thousands of thirsty as fuck devs just waiting to jump on that.

>>8805093
ETH was like the first platform to offer that so of course it took the whole market share. Why the fuck would everyone move to an untested network right away? It's like a nano/btc discussion, why hasn't there been an instant flippening already since nano is so much"better"?
Also, EOS won't be the second after eth platform to offer dapp creation. It's a bit late, we have a fuck ton of platforms already
You have no idea what the fuck are you talking about if you honestly think "99% of all dapps are going to eos"

>>8805161
>ETH was like the first platform to offer
EOS is the first platform to offer dapps.

You answered your own question.

Ethereum cannot make dapps. If you were a dev, you would know that. It costs 7c-20$ per tx, and doing a web3 query takes around 1 second, and can only query a tiny amount of data.

I repeat, Eth is not a dapp platform. It cannot make dapps.

There's a reason there's not a single dapp on ethereum other than ponzi schemes and crypto collectables. It's because it's the only fucking type of dapp it can make.

Honestly, stay poor faggot. If you think eth is a dapp platform, you are simply wrong and deserve to stay poor.

Eth wants to be a dapp platform. It calls itself a dapp platform. But it is effectively not one right now. I know, I'm a dev and been making dapps on ethereum for 12 months, and it's literally incapable of doing anything better than cryptokitties. It's not because every single dev in the world is shit. It's cause Eth is not capable of anything.

>>8805210
>Eth is not a dapp platform.
>I know, I'm a dev and been making dapps on ethereum for 12 months

>>8805315
>>I know, I'm a dev and been making dapps on ethereum for 12 months
yes, I've spent 12 months making dapps that are absolutely not usable in the real world because of the limitation of Ethereum.

And sure, I'm not the best dev in the world, but there are world class devs working on dapps, and none of them are releasing apps other than scam icos and ponzi games. Ever wonder why?

Because Eth is not a real dapp platform.

It's as much as a dapp platform as a tricycle is a vehicle.