ETH FAGS BTFO ANOTHRE DAPP SWITCHES TO EOS FROM ETH

[Anonymous No.9379847]

AHAHAHAHAHAHAHAHAHAA

https://blog.unico.global/unico-is-moving-to-eos-804bb630bda8

>After several discussions and analyses, we have come to the conclusion that EOS is the best blockchain for UNICO. In addition to some well-known EOS attractive features (no gas fees, scalability, strong security, etc), we have also highly appreciated the expressions of interest and support for our project that we received from a number of players in the EOS ecosystem.

LET THE MASS EXODUS BEGIN

[Anonymous No.9379873]

>>9379847
only there is no working product and eos is vaporware. nice one though!

[Anonymous No.9379881]

>>9379873
https://medium.com/eosio/eosio-dawn-4-0-release-b25661a49ac2

AHAHAHAHA

[Anonymous No.9379938]

>>9379873
thats why a lot of projects are already working on migration lol.. at least 80% of projects will head over to eos this year

[Anonymous No.9379967]

>>9379847
hmmm where have I seen this chart before?

[Anonymous No.9379978]

What does unico even do

[Anonymous No.9379993]

>>9379978
UNICONEEEEEEEE

[Anonymous No.9380002]

Question, why does everytime a company chooses to use EOS they release a statement on how shitty ETH is? IF my company decides to use Fedex, we dont have a press release stating how shitty UPS is...

[Anonymous No.9380011]

>>9380002
cause they are telling you the truth why they switched, ETH is basic bitch performance

[B No.9380027]

Never heard of them, sorry anon.

[Anonymous No.9380030]

>>9380011
this

[Anonymous No.9380034]

>>9379847

>strong security

LOL. EOS is hardly a crypto. Closer to Ripple than it is Ethereum.

Do people forget that the whole point of decentralized systems is censorship resistance? Why then even use something like EOS rather than a centralized DB. Using EOS you get all the downsides of blockchain without the core positives...

[Anonymous No.9380049]

>no gas fees, scalability, strong security, etc

why would this matter when all erc-20 tokens are scam coins anyway

also what the fuck is unico

[Anonymous No.9380091]

>serial entrepreneur

Is there a more cringe title?

[Anonymous No.9380118]

>>9380034
It just sounds so 90s when you say you will be using SQL.

[Anonymous No.9380121]

>>9380091
Its as annoying when they say they made several startups that all no longer exist

[Anonymous No.9380154]

>>9379847
>strong security
>trashcan turing language ensures hacks and loss of money and uninterpretable (((SMART CONTRACTS))), along with dapps that still can not offer a real purpose for their existence
S

[Anonymous No.9380160]

>>9380034
with the setup ETH has you get all the downsides of a blockchain and none of the positives cause nothing works

[Anonymous No.9380167]

>>9380034
>i don't know how something works but i saw a john oliver segment making fun of it so it must be bad
If you want to know where the future lies, follow the big money. The only truth in this market is where people put their money. If you want to stay poor, keep listening to liberal propaganda on TV and reddit FUD.

[Anonymous No.9380176]

>>9380160
Please elaborate more. You are fudding ETH with the most vague of statements

[Anonymous No.9380177]

>>9380160

It is widely accepted that ETH is going to be rolling out some upgrades that will improve the platform. Eth and ZIL will be the 2 best decentralized platforms at the end of this year.

[Anonymous No.9380181]

>>9380154
>arbitration reverses the hacked money
problem solved
>along with dapps that still can not offer a real purpose for their existence
did you just smash your keyboard off your face or did you try to type something that made sense?

[Anonymous No.9380184]

>>9380034
This. Businesses will most likely either choose a centralized blockchain or a fully decentralized blockchain. Not something inbetween like EOS.

[Anonymous No.9380193]

>>9380181
name one dapp that has any partners or has any use that solves some problem, i'll wait.

[Anonymous No.9380197]

>>9380176
slow, requires fees, can't scale, no way to upgrade on chain, everything requires vulnerable side chains that centralize it.

it's just shit it doesn't have 1/10 of the features that EOS has

using an eth-based DEX is the worst, EOS will solve every problem.

[Anonymous No.9380204]

>>9380184
thats why all those businesses and VCs want to hop onto eos

[Anonymous No.9380210]

>>9380193
i can name a million. first one that comes to mind is Tesloop, an EOS based DAC that will compete with Uber because it has no 3rd party (uber) to take a cut from the pay of the drivers and charge more to the passengers so both parties involved benefit.

[Anonymous No.9380217]

>>9380167

its 100% the best investment strategy. You still need to diversify, but find out where big vc funds are putting their money. They do infinitely more research than and spend countless dollars and hours doing so.

If the project is good enough for their money, its good enough for hours. Couple that with having a superstar on the team or as an advisor, someone who doesnt want to tarnish his name in the space by supporting shit.... and you WILL make money.

This is all I have done since the crash and I doubled my btc holdings from my ATH. Big vc backing + superstar on team or as an advisor, and be aggressive.

I now hold zilliqa, vechain, eos, fusion, and republic protocol as my only coins with eth on the side for ico's or new listings with big potential that dont immediately list at 10x marketcap.

And never hold everything through mainnet. Sell 25-75% in the pump before, then either invest it in your lowest cap holding or wait for something new to drop.

[Anonymous No.9380218]

>>9380177
>he still thinks sharding on a multi-thousand node network will be able to compete with half-second block times
>he thinks the EVM/Solidity will be able to compete with WebAssembly and literally every common programming language
>he thinks miners will stand for the PoS switch
Oh anon.

[Anonymous No.9380219]

>>9380167
John Oliver is a retarded Keynesian, he has zero understanding of Cryptocurrencies.
(Video related): https://www.youtube.com/watch?v=HLYuxoytR3s

[Anonymous No.9380234]

>>9380184
Deluded ethfag, they just want something that works and has a large vibrant community which EOS has. They also will want free lightning fast transactions with a feature that allows a user to get his money back through arbitration if something goes wrong in the code. They can't operate on ETH where if something goes wrong or someone sends to the wrong address it's irreversible.

[Anonymous No.9380341]

>>9379873
> no working product
AHAHAHAHAHAHAHAHHAA

EOS testnet has been live since last year and has been ready to launch mainnet for quite some time. It's already working with features people couldn't even imagine bein implemented on a blockchain.

[Anonymous No.9380343]

>>9380210
is this some sort of libertarian circle jerk joke? who guarantees service, how do you get refunds if necessary, who regulates employee behavior?

people use these services for the reasons, not just the network they provide.

this also assumes the existing uber-like companies sit and do nothing, as if they cant use their billions to out-compete this dog shit

try again sweetie.

[Anonymous No.9380364]

>>9380034
If a BP tries to sensor anything or even start talking about it, they're voted out within a week.

[Anonymous No.9380424]

>>9380343
>he doesn't know DAC's are the future
>he doesn't even know how a DAC works

try again, sweet cheeks

[Anonymous No.9380425]

>>9380234
>large vibrant community
lmao. I can agree the tech is promising but the community is just absent. the subreddit is dead, just bot accounts and noobs talking about $1k per EOS. It's substantially worse than any subreddit for cryptos with similar market caps.

[Anonymous No.9380479]

Inconvenient truth about the death of ETH and all of its meme spin-offs like Chink EOS

https://www.reddit.com/r/btc/comments/4p0gq3/why_turingcomplete_smart_contracts_are_doomed/

[Anonymous No.9380487]

>>9380425
>reddit
>community
how new are you?

[Anonymous No.9380494]

>>9380487
i've been on 4chan for over a decade you fag

[Anonymous No.9380495]

>>9380425
>50k+ telegram members in the main chat
>6k+ eos devs in the eos dev chat
>that's not including discord

go to the telegram chats and tell me that not vibrant

[Anonymous No.9380500]

>>9379847
> Serial entrepreneur. Former research scientist, manager at CERN and international consultant.
>>>/r/iamverysmart

[Anonymous No.9380515]

>>9380487
point out where the so-called eos community hangs out, then

[Anonymous No.9380541]

>>9380495
is there anything but bots on telegram? even pajeet shitcoins have members in the several K range

[Anonymous No.9380554]

>>9380425
>lmao. I can agree the tech is promising but the community is just absent. the subreddit is dead, just bot accounts and noobs talking about $1k per EOS. It's substantially worse than any subreddit for cryptos with similar market caps.
As an ethereum dapp developer, the eth community is just as dead.

The ethdev subreddit is just people spamming their ponzi dapps and the stackexchange is just one guy replying to everything.

EOS community is already looking better and it's not even started.

[Anonymous No.9380561]

>>9380541
>is there anything but bots on telegram?

low quality fud

[Anonymous No.9380563]

>>9380515
Telegram development channel

[Anonymous No.9380565]

>>9379847
Uni what?

[Anonymous No.9380577]

>>9380479
>https://www.reddit.com/r/btc/comments/4p0gq3/why_turingcomplete_smart_contracts_are_doomed/
lol not true at all. Ask any dev. stay ppor.

[Anonymous No.9380582]

>>9380479
I don't think you get it bud, it's already been tested for a year straight and it works, so you can claim that these supposed super intellectual claim in theory why it cant work but in reality it DOES work and is working right now with Dawn 4.0 testnet on github

[Anonymous No.9380608]

>>9380561
>>9380563
if all you have is an IM service, that's not a community, that's teenagers shooting the shit
i'm not going to trudge through endless "when moon?" and "how to integrate with microsoft azure sir" messages if i'm looking for specific technical answers or in-depth analysis

[Anonymous No.9380622]

>>9380577
>just ask any of the people of consistently lose hundreds of millions of $ to hacks / dumb coding mistakes

[Anonymous No.9380631]

>>9380608
You're an idiot. Larimir himself talks dev in that channel.

[Anonymous No.9380641]

>>9380608
you can debate the community presence as much as you want but we both know its still in the ICO and much younger than Ethereum. what we do know is the tech is hands down better every step of the way and you're gonna have to find out the hard way i guess

[Anonymous No.9380658]

>>9380622
This argument is equivalent to saying online banking/retail will never work because -insert all the possible things that can go wrong here-

Yeah, mistakes happen and money is lost. tens of thousands of people die in car accidents every year, doesn't stop us from using them. The benefit just has to outweigh the losses.

[Anonymous No.9380730]

Too much fud for eos, purchased 100 for long term. Last time i saw this much fud on a project like this was unironicly eth, and look how that turned out.

[Anonymous No.9380742]

>>9380641
>what we do know is the tech is hands down better every step of the way
It's literally a SQL database. Non-immutability because block producers can reverse ANY transaction. Dan Larimer owns the majority of the tokens meaning he can assign the majority of the block producers and in turn the block producers will be sockpuppets that'll do whatever Dan demands. You're buying into a centralized SCAM coin.

[Anonymous No.9380745]

>>9380582
you cannot read. of course the contracts work. the critique, here, if you read for a mere 30 seconds, is that turing complete smart contracts cannot be, a priori, determined to do what they claim they do. you MUST execute it to find out.

[Anonymous No.9380757]

>>9380742
wrong, block producers dont reverse transactions, abriters do and can only do so through voting and a claims and optional appeals process

[Anonymous No.9380777]

>>9380742
>It's literally a SQL database
>Dan Larimer owns the majority of the tokens
I hope no one is paying you for this

[Anonymous No.9380779]

>>9380745
so when it works flawlessly what will you say then? you think Dan who had 2 successfull projects already doesn't know about turing complete smart contracts? you're so naive

[Anonymous No.9380807]

>>9380757
>can only do so through voting and a claims and optional appeals process
Lmfao so the opposite of every principle that makes crypto unique and useful? Got it.

[Anonymous No.9380812]

>>9380745
so execute it on a testnet and find out. ETH tooling can already catch a lot of common bugs like overflows. they've been working on formal verification for a while which seems promising. Either way, all solidity-related FUD is temporary since you'll eventually be able to write contracts in anything that compiles to webAssembly, which includes Haskell.

[Anonymous No.9380852]

>>9380807
>>9380807
>so the opposite of every principle that makes crypto unique and useful?

muh principals

...yes... everything that makes crypto impossible for the masses to adopt will no longer be there with EOS, you got it right.

it's about getting rich, who gives a fuck if it works out for the long term we're going to cash out into mansions in a few years and not give a fuck what happens to EOS down the road. we just know it's going to the moon cause it works and people wanna build smart contracts on it

[Anonymous No.9380856]

Buy EOS 2 maek dik and bank account HUGH 2day!

[Anonymous No.9380944]

>>9380852
>it's about getting rich, who gives a fuck if it works out for the long term we're going to cash out into mansions in a few years and not give a fuck what happens to EOS down the road.
Lmao great community. ETH killer FOR SURE

[Anonymous No.9380981]

>>9380944
i dont consider myself part of the community, i just buy EOS and know its better than ETH

[Anonymous No.9381047]

Wake me up when bitstamp starts selling eos

[Anonymous No.9381110]

>>9380981
By your metric AWS is the best smart contract platform, why not invest in that?

[Playing the order book No.9381137]

>>9379967
hoooly lmao. See you at $8 EOS.

[Anonymous No.9381152]

>>9381110
Jeff Bezos either has some team working on the nicest crypto the world has ever seen, or he's getting senile. I would love to go all in on that. I dont feel as confident with EOS

[Anonymous No.9381170]

>>9381152
What are you waiting for? AWS is as centralised as EOS and a million times faster.

[Anonymous No.9381188]

>>9381170
AMZN market cap is too high for me. I know the market apparently stopped caring about PE ratios but 300+ is too high for me

[Anonymous No.9381191]

>>9380807
>normies care about arbitrary principles
>corporations care about arbitrary principles
Let me give you a little hint: Normies and corporations care about what works well. They don't care about muh satoshi's vision

>>9381170
>one corporation owns all servers versus 21 unrelated nodes
EOS fud is so hilariously bad

[Anonymous No.9381253]

>>9381191
A trusted, regulated corporation with distributed servers across the world vs 21 nodes ran by amateurs that (in a perfect world) will be unrelated. It did not go so well for Lisk, and Vitalik seems to think that cartels are a serious issue. I guess time will tell if you're smarter than him on this subject.

[Anonymous No.9381278]

>>9381191
>Let me give you a little hint
Let me give YOU a hint moron, if it's not censorship resistant it doesn't need a fucking public DLT. EOS will never be useful, you will be holding those bags for eternity.

[Anonymous No.9381279]

>>9381253
>(((trusted))) corporation
And therein lies why people will prefer EOS. Also the nodes will be run by (((trusted))) corporations such as Bitfinex, except none of them will have unilateral power.

[Anonymous No.9381294]

I'm moving some money over to Binance now to buy EOS.

[Anonymous No.9381304]

>>9381278
Tell me again how censorship Ethereum is when a dictator hard forks the blockchain to remove transactions. EOS simply delegates this ability to the community as a whole, and builds it into the system so that hard forks aren't required.

[Anonymous No.9381307]

>>9381152
why would Jeff Bezos create a crypto? that doesn't help amazon sell more products. simply accepting coins would. there is no value in decentralizing for amazon, their entire business model is control, ie; centralization.

[Anonymous No.9381334]

>>9380742

this

Larimer gang has been running scams (most recently dPOS scams specifically) since before you all even knew what crypto was

[Anonymous No.9381354]

>>9381334
>the most successful blockchain project ever is a scam
>mfw I use a scam in my every day life
wow I feel so used

[Anonymous No.9381358]

>>9381294
Better hurry up or you'll miss the top
>>9381279
>Also the nodes will be run by (((trusted))) corporations such as Bitfinex, except none of them will have unilateral power.
"Hello, Bitfinex? This is Jihan. Can you help me out with this vote? You can? Great thanks."
Wow such decentralised much reliable

[Anonymous No.9381397]

>>9381358
>why is the token distribution taking a year
>hurrrrrrrrrrr I'm a retard

[Anonymous No.9381410]

Everyone of you are literal brainlets, jesus christ it's embarrassing. No wonder nobody comes to /biz/ but pajeet and chink shills. You are the easiest people to scam out of money.

[Anonymous No.9381429]

>>9381410
Tell us Pajeet, what coin should we buy instead?

[Anonymous No.9381432]

>>9381397
>Can't use 4chan
Don't worry pageet your first day as a pro shill is always the toughest

[Anonymous No.9381458]

>>9381429
BTC, ETH, XMR, XRP
Easy mode for making money.

[Anonymous No.9381487]

>>9381458
HAHA fuck you are a dumb faggot holy shit. EOS has outperformed all of those 10x this year.

[Anonymous No.9381493]

>>9381458
Those are pretty classic cryptos for safe gains. But it seems like there are better options for people who want to take more risk. EOS for me is in an awkward spot where it seems much riskier but is already priced near those coins (except XMR).

[Anonymous No.9381511]

>>9381458
>ETH
>XRP
HAHAHAHAHAHAHHAAHAHAHAH I fucking knew you were a pajeet

[Game Loot Network No.9381518]

>>9381487

>Coin has been getting saturation pumped last months
>OMG NOW IS THE TIME TO BUY JUST BEFORE THE DUMP!

Trying to desperately get rid of your bag?

[Anonymous No.9381522]

>>9381487
Stay poor, it makes no difference to me.
>>9381493
If you are in love with EOS then just add that to the list I have. A young coin traders don't even have $500 in the market, so they desperately throw their money at small cap coins and hope for the best. My strategy is proven.

[Anonymous No.9381866]

[Anonymous No.9382138]

>>9380218
You forget though that having all the easy programming languages available means it's easy for novice developers to make things, which will fuck up, and so there will be an endless list of fuckups at all times.

[Anonymous No.9382160]

>>9380779

Zilliqa is the only project doing Smart Contracts correctly because they realize the problems with Turing Completeness and so have created their own version of Solidity that removes infinite recursion and some other problems. These contracts can be FORMALLY VERIFIED before implementation. You can know with 100% certainty they are going to operate as intended without problems. This cannot be done on EOS

[Anonymous No.9382323]

>>9381191

you are dreaming if you really think all 21 nodes are going to be completely independent. dPOS will always devolve into cartels due to the intrinsic economic incentives to do so. The more tokens you hold the more value they gain in an exponential rather than linear manner because Block Producer equity increases and is added on top of the base token value. dPOS is INTRINSICALLY FLAWED. Look at every other dPOS system in existence; they all end the same way. If you think a year long ICO is going to change anything you are deluded. These problems are intrinsic and are not close to being solved by the superficial measures taken by EOS; you need to change the consensus protocol itself. Nobody will be satisfied with 1 BP spot because owning more BP spots than 1 means more money. This is extremely simple. We have already seen organizations attempting to control more than 1 BP spot under different names and they have been called out on Reddit.

Dan is going to control a large majority of the tokens behind the scenes (Block One has been selling their Ethereum to buy EOS tokens this whole time) in order to maintain an outwards semblance of decentralization. By controlling the network himself he can prevent it from publicly devolving into one or two large cartels like LISK (although Larimer himself will be the controlling cartel).

The tech may be alright; but the economic model is entirely fucked.

Also, why would anyone want to store value on the EOS platform or why would irregular users want to hold/use EOS. They are penalized whether they use the system or not. EOS is not free to transact in. The costs are simply spread over all users whether they use the platform or not in the form of a 5% annual inflation paid to BPs.

These block rewards then cause a feedback loop where BP become less and less dependent on outside votes the more rewards they harvest. This allows them to cut down the amount they pay out for votes (accelerating their entrenchment).

[Anonymous No.9382356]

>>9382323
You could just vote out the bad actors when it devolves or hardfork and restart a new fresh DPOS much like a government eventually going tyranical and the people voting them out/ impeaching them/ seceding , etc

[Anonymous No.9382370]

>>9379847
EOS has shit all apps under its belts compared to ETH, and it only took a complete shit one away.

Governments (e.g. Canada) are using ETH. EOS has no working product, and has scammers on board.

Lol fucking delusion retards.

[Anonymous No.9382395]

>>9382323
This is all unsubstantiated and you just wasted so much time typing.

Post proof of any of these claims about Larimer buying all of his own tokens or fuck off.

[Anonymous No.9382402]

>>9382370
Yeah exactly, ETH is for governments, EOS is for the masses

[Anonymous No.9382448]

>>9379847
You can't invest in eos anyway so who cares, the token is not related to the product and essentially does nothing... see eos.io/faq question #5.

[Anonymous No.9382488]

>>9382448
brainlet

[Anonymous No.9382504]

>>9382370
This

[Anonymous No.9382522]

>>9379847
>"Unico is the first decentralized digital collectibles creation engine."
>EOStards thinks this should be bragged about.

Pathetic

[Anonymous No.9382623]

How retarded is /biz/.

Governments, Fortune 500s, non-profits, superstar developers and business leaders, are using Ethereum, in alliances, actively collaborating on Ethereum projects. 100s of thousands of people. The likes of JP Morgan are *spinning out* Ethereum-based products. There are Ethereum books, university courses, consultants, consultancies. Most of the Top-100 tokens are ERC20.

And your hunch is "Ethereum will never work, I'm going to go all in on this unproven, unused tech". Stop trying to be clever and start moving with the quickening current before it's too late.

[Anonymous No.9382634]

>>9382448
>you can't invest in eos
billions of dollars invested in eos
>but you can't
but you can

[Anonymous No.9382643]

>>9382623
all those eth projects they are working on will be ported to eos because they will require the high performance

[Anonymous No.9382651]

>>9382370
> governments (e.g. Canada)
kek

[Anonymous No.9382653]

>>9380641
jesus christ, i don't care whether larimer gives you his Word from the Skies. while you're some shitcoiner worrying about the fiat value of your token, i want to actually build stuff. i don't ask my ethereum questions to vitalik, but to a hundred of other programmers, and i don't do that on an IM service, but on an easily indexable public platform like stackexchange, reddit, medium posts, ethresear.ch and others
it's about having the information accessible, with the ability to search stuff months down the line and read in-depth conversations showing the pros and cons of different approaches, rather than hunting down people on chat and making them waste their time for me
so while your useless retarded ass foams at the mouth as you utter "FUD!", i'm left with my dick in my hands waiting for someone to tell me where can i actually LEARN about eos, where is the sizeable dev community people talk about

[Anonymous No.9382679]

>>9382653
TLDR

[Anonymous No.9382699]

>>9382643
No, they will not. There's a reason almost all of the web still uses PHP, and why banks still use COBOL, despite there being better tech.

It will be the exact opposite to what you're saying. The existence of these Ethereum projects will result in more Ethereum support, resulting in more Ethereum projects.

[Anonymous No.9382948]

>>9382651
Found the neet

[Anonymous No.9383150]

>>9382699
Ethereum will be for niche government things. EOS will be the google of crypto

[Anonymous No.9383190]

>>9379873
Ether is literally vaporware bro, people called it vaporware for years, it still broke $1400, lmao at your life.

[Anonymous No.9383250]

>>9379938
cardano, not EOS

[Anonymous No.9383262]

>>9383150
yahoo, not google. google has the best programmers, incrypto that's Cardano

[Anonymous No.9383267]

>>9383250
>cardano, not EOS
do you really think that?

[Anonymous No.9383287]

>>9379847
OK to all the nonTech noeoser in this thread. I'm literally an ethereum dev. Ethereum is shit. It cannot support any meaningful dapp. Get out while you can. EOS is the answer.

If you think EOS is like AWS, stay poor, you deserve it.

If you think ETH has good tech that can support any useful dapp, stay poor, you deserve it.

This is literally the shit I deal with all day. Can't wait for EOS mainnet.

[Anonymous No.9383325]

>>9383250
Delusional. Cardano is technically inferior in every way and still uses the retarded user facing gas model that's been holding eth back from mainstream adoption. It hardly out performs eth. They don't even have smart contracts working on their test net. Cardano is an academic circle jerk and nothing more.

[Anonymous No.9383337]

>>9381397

lol you can't compare mining pools to block producers.

People only join mining pools to reduce block reward variance. Each member of a mining pool still maintains autonomy over their hash power and can redirect it instantly at will.

If you change your vote for BP nothing happens unless some minimum threshold is reached. Small/Independent EOS participants will have little to no effect on the network. Cartel rules

[Anonymous No.9383366]

>>9383337
And what do you do when said miners are in cahoots with the pools? Most of BTC and ETH mining power physically resides in China.

[Anonymous No.9383371]

>>9382699
>No, they will not. There's a reason almost all of the web still uses PHP, and why banks still use COBOL, despite there being better tech.
The difference between PHP and COBOL is not the difference between ETH and EOS.

Any type of programming language can be used on EOS or ETH (as long as someone makes a compiler for it).

The difference between EOS and ETH is more like dial up internet vs broadband.

One is fast as fuck and allows for tons of usecase. One is slow as fuck and allows for very few use cases.

[Anonymous No.9383420]

>>9382356

you can't really do this without just starting a completely new blockchain and redoing distribution of the new coin; started from absolute scratch.

The point of what i wrote is you won't be able to vote out bad actors or cartels; they come to control too much of the network (at an accelerating rate).

dPOS is the worst consensus mechanism there is.

Baffling that Larimer didn't use something else after what happened with STEEM and BITSHARES

[Anonymous No.9383443]

>>9383420
are you in this for money or for the tech? EOS will be fine for a while at least, enough time for us to cash in on it. who knows if it'll survive the long term but so far bitshares and steem have.

[Anonymous No.9383445]

>>9383420
This is why they're doing the year long token distribution that's designed specifically to prevent whales from buying up all the voting power.

[Anonymous No.9383452]

>>9383366

I speak simply of the intrinsic difference between pools and single entity block producers.

[Anonymous No.9383467]

>>9383443

Money mostly of course. I do have an EOS bag. I hugely prefer Zilliqa though and hate dPOS with a passion. I also think Larimer and his dad are fucking scammers. Read the old Bitcointalk threads about their shenanigans with STEEM when it launched.

[Anonymous No.9383469]

>>9382395
Its not unsubstantiated, you just think it is because youd have to read something longer than a 4chan post to find out why

[Anonymous No.9383478]

>>9383452
Yes, there are intrinsic differences. But in practice DPoS with a good token distribution is more decentralized than PoW where any wealthy actor can anonymously brute force majority hash power using their own hardware.

[Anonymous No.9383482]

>>9382356
>much like a government eventually going tyranical and the people voting them out
You mean in the way it will never happen?

[Anonymous No.9383502]

>>9383445

yes and my point was it doesn't matter how long the ICO is or the initial distribution at launch. Because of the way the network functions (5% annual inflation to BP's) and the economic incentive where the more coins you hold the more BP Equity grows on top of base coin value (causing exponential growth in the value of your holdings as you accumulate whereas with non dPOS coins it is linear) leading to a centralization of coins over time no matter what. To prevent this natural occurence you would need some central authority to prevent it (which I postulate is Larimer himself).

[Anonymous No.9383551]

>>9383502
>Because of the way the network functions (5% annual inflation to BP's) and the economic incentive where the more coins you hold the more BP Equity grows on top of base coin value (causing exponential growth in the value of your holdings as you accumulate whereas with non dPOS coins it is linear) leading to a centralization of coins over time no matter what.
5% is the hard coded limit. If the community wants lower inflation, they will vote for producers who will set a lower inflation limit. Moreover, some producers will be distributing part of their earnings with token holders. That's what EOSDAC are planning. And further, the tokens gain intrinsic value as block producers upgrade their systems which will offset inflation. They can also be rented out.

[Anonymous No.9383623]

>>9383551
>If the community wants lower inflation, they will vote for producers who will set a lower inflation limit.
Wrong. Democracy collapses at fairly simple levels of detail. There is a reason you dont have to vote for each individual pothole to be filled.

[Anonymous No.9383654]

>>9383467
what shenanigans? i was around when it launched i don't remember anything in particular..

[Anonymous No.9383663]

>>9383325
cardano is technologically superior in every way anon. will scale to billions of users. will have two testnets up this summer. won't have code flaws and vulnerabilities unlike EOS because security valued over fastest to market. EOS is faster to market at the cost of code that will harm EOS long term... vulnerabilities already discovered.

[Anonymous No.9383682]

>>9383267
absolutely

[Anonymous No.9383696]

>>9383663
lol cuckdano won't be launched for years and is just a bunch of professors acting like they get their hands dirty and actually do work but really they just sit around and ponder theoretical whitepapers. it's literally just a whitepaper. that's all cuckdano is

[Anonymous No.9383751]

>>9383623
Well one of us will be proven right. In the mean time, even if you are right EOS will still explode in the short term

[Anonymous No.9383799]

>>9382160
Dan already refuted this point. You can write C without loops or functions and formally verify that too.

[Anonymous No.9383860]

>>9382160
That's actually pretty cool. Good shill anon.

[Anonymous No.9384081]

>>9383696
lol eos fan boys always scared because they know cardano will fuck them up in the future.

good luck lil butt cheeks

[Anonymous No.9384258]

>>9384081
>he thinks were threatened by a whitepaper

kek

[Anonymous No.9384281]

>>9384081
Cardano has no future. It has too weak of a computational layer and is going to be slower then ETH currently is when it is done in two years. Anyone that thinks that Cardano will do anything technologically better then ETH or EOS doesn't know anything

[Anonymous No.9384442]

>>9383654

here are examples years old

https://bitcointalk.to/index.php?topic=1466593.msg%msg_id%

https://bitcointalk.org/index.php?topic=1641820.0

"As someone who has been trying to warn others of the pieces of trash known as the "Larimer Gang" for years, I'll fill you in on some obvious information in case you missed it. The Larimers are stupid and lazy. Srsly, like sub 70 IQ stupid... combined. They are incapable of coming up with an original idea between the two of them. Bitshares' DPoS was simply a centralized scam based on NXT's innovative PoS algo. "Steem" was a pathetic attempt to create their own centralized social network utilizing "blockchain technology". They of course got the social networking idea from Synereo. The reason all their schemes are centralized are threefold. First, they are too stupid to create anything truly decentralized. Second, they are too lazy to attempt it, because it is easier to incompetently copy others' ideas. Third, they make the most profit from creating a centralized scam and attempting to pass it off as "decentralized". I'm unsure whether the third reason is intentional or simply a unforeseen consequence of the first and second. I'm not sure if their combined IQs could deduce the result of their actions. Now, you may ask yourself if their stupidity and laziness prevents them from being culpable. To this I add the evidence that they are also chronic liars, cheaters, and thieves. They are also buddies with the totalitarian Chinese communists who fund their little schemes. On top of all this, they peddle smut and filth for profit and are friends with upstanding individuals such as Mark Lyford, who is a convicted drug dealer, failed pornographer, and ex-pigeon racer. You may ask yourself, "How can these two fellas have so much going for them?" To this I answer that the Larimers are truly in a class of their own."

[Anonymous No.9384466]

>>9384442

random example 2

https://bitcointalk.to/index.php?topic=1466593.msg%msg_id%

"Yeah, that's the first thing I look for too in a Larimer thread. "Is it moderated?" I guess junior isn't as savvy as Pop Larimer when it comes to pulling the wool over peoples' eyes.

I love how the Larimer Gang launched their new scam. It's hilarious. First they attempted to dominate the mining and then when they didn't due to "technical difficulties", they invalidated all the previous miners' rewards and relaunched it so they could have a second try at it and they succeeded that time. What type of a messed up joke is that? To those of you who were around when the Larimer Gang first entered the crypto scene with Protoshares, you'll remember the Larimers did a similar trick then too. I mined Protoshares from the first few blocks on the chain. There were numerous complaints on the PTS/BTS forum about people having connection issues and having their miners getting booted off the network. All the while, the Larimer Gang was happily mining away and denying that there were any issues. To this day Stan Larimer (aka Daddy Larimer, aka The Ringleader) claims this isn't true, but anyone around back then knows it to be fact that the Larimer Gang and their Chinese Communist associates were mining the heck out of PTS.

Now, they have this Steem garbage, which is a blatant ripoff of Synereo. 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."

[Anonymous No.9384610]

>>9384466

this thread donezo?

[Anonymous No.9384763]

>>9384610
hi anon

[Anonymous No.9384784]

>>9384442
I don't like Larimer at all but I quickly lost interest reading that when I got to the 70 IQ thing. He's a self made billionaire software developer(although he wasn't at the time), it's totally wrong to call him stupid just because he's sleezy. Just him seem really biased

[Anonymous No.9384801]

>>9384442
I don't like Larimer at all but I quickly lost interest reading that when I got to the 70 IQ thing. He's a self made billionaire software developer(although he wasn't at the time), it's totally wrong to call him stupid just because he's sleezy. Just makes him seem really biased

[Anonymous No.9384854]

>>9384610
Tldr, EOS is king

[Anonymous No.9384881]

>>9379847
>Our followers and supporters know that we are developing a turnkey solution to turn premium digital content into blockchain-certified, limited-edition digital collectibles (cryptocollectibles)
a template generator for shitty cryptokitty clones. How innovative.
>support for our project that we received from a number of players in the EOS ecosystem
>(((support))).
They literally got paid. What does it tell about your network when you have to pay people to use it?
Eos is going to try to buy the network effect but it just doesn't work and never had. Ask Google plus.

[Anonymous No.9384913]

>>9384466
>the Larimer Gang and their Chinese Communist associates were mining the heck out of PTS.

This is true. Protoshares was used as a way to launder money out of China. It was listed _immediately_ on btc38 and started mooning there.

[Anonymous No.9384914]

why does no one sperg out like this when one of the many ETH ICOs change to NEO? This has been happening for months.

[Anonymous No.9384920]

>>9379847
>no gas fees


Hol up

Why would anyone own EOS then? Its worthless. I see wallets will millions of them.

Are they deluded? At these high valuations they seem incentivized to dump the shit out of the worthless token which would mean prices should be... quickly... going to... zero...

oh shit...

[Anonymous No.9384936]

>>9384801
>be on biz
>surrounded by retarded millionaires
>still think being rich means you're smart
>2018
wiw lad

[Anonymous No.9384954]

>>9384920
you get block.one ICO airdrops. it kinda seems like glorified "free trial" tokens for their company apps but people are speculating there will be a market for it.

[Anonymous No.9384963]

>>9384920
shh don't tell them
only on eos you see people touting (bs, but that's another story) 'infinite scalability' as an advantage not realizing that would mean eos is completely worthless

[Anonymous No.9384989]

>>9384920
There are fees, but they're footed by the app developers instead of the users. And they're staked rather than consumed. So basically 1% of the total supply gives you 1% of the total network resources. Block producers gets inflation payments for their work.

>>9384954
>>9384963
brainlets.jpg

[Anonymous No.9384996]

>>9384963
Lol Wut

[Anonymous No.9385095]

Fine. I just bought more.

[Anonymous No.9385235]

>>9384989
I've never actually seen a smart person use the term "brainlet", it's usually people who have almost no understanding of what they're talking about but want to deflect the question.

[Anonymous No.9385239]

>>9384989
>>9384989
>There are fees, but they're footed by the app developers instead of the users. And they're staked rather than consumed. So basically 1% of the total supply gives you 1% of the total network resources. Block producers gets inflation payments for their work.


So if you develop an app you have to stake for resources. So... the value of the token is dependent on supply and demand by stakers and developers.

What about plasma? Wouldn't a change to PoS provide the same functionality to Eth? Or is there a technical reason for EOS superiority? Why would you want to develop your app on EOS? Current features of the main net? different programming environment?

[Anonymous No.9385296]

>>9385239
ETH will have functionally identical economics when eventually devs can stake ETH and use it to pay for users' transaction costs. If EOS does end up being superior it will probably be because their consensus algorithm shows it can survive manipulation and cartel takeover attempts.

[Anonymous No.9385357]

>>9385239
>So if you develop an app you have to stake for resources
You don't have to, since users can stake their own tokens to use apps. But you probably want to if you want people to use it.

>So... the value of the token is dependent on supply and demand by stakers and developers.
Correct

>What about plasma? Wouldn't a change to PoS provide the same functionality to Eth? Or is there a technical reason for EOS superiority? Why would you want to develop your app on EOS? Current features of the main net? different programming environment?
Ethereum will always have user gas fees as the default model. With PoS they will have the ability for app developers to stake their own gas to allow for feeless transactions. With that said, plasma and sharding are years away from completion, and that's being optimistic.

Moreover there is no way that the insane amounts of overhead required for sharding on a multi-thousand node network will allow for Ethereum to compete with EOS in terms of speed. Ethereum is also crippled by the EVM which is about as performant as the JVM (aka not very), and you will always be stuck with Solidity, which is a slow, javascript-like garbage language. Ethereum will also never have solutions for things like lost/stolen funds, forgotten passwords, broken contracts etc. aside from dictator-lead hard forks and community splits.

[Anonymous No.9385432]

>>9385357
You will not always be stuck with Solidity, ETH will allow smart contracts in any language that compiles to WebAssembly.

>Ethereum will also never have solutions for things like lost/stolen funds, forgotten passwords, broken contracts etc.
Because none of those things need to be done at the protocol level, every app can handle forgotten passwords and lost funds differently. Literally all of these things have working smart contract solutions right now.

[Anonymous No.9385498]

>>9385432
>Because none of those things need to be done at the protocol level, every app can handle forgotten passwords and lost funds differently. Literally all of these things have working smart contract solutions right now.
So you think some pajeet who runs a scam and steals millions of dollars is going to give you a built-in way to get your stolen money back? Intredasting...

The reason this is necessary at the protocol level should be obvious; same unambiguous rules across the community, based on a community-wide constitution, decision making at the highest level with the least amount of subjectivity possible. And the fact that ETC exists proves that it is necessary.

[Anonymous No.9385559]

>EOS bagholders elaborately shilling

enjoy having virtually no shot at a top 2 mc until BTC dies