Post
Topic
Board Altcoin Discussion
Re: EOS - Asynchronous Smart Contract Platform - (Dan Larimer of Bitshares/Steem)
by
chryspano
on 21/10/2017, 08:43:54 UTC
Bitcoin is already as fast as swiping a credit card, employing 0-confirmations.

This doesn't mean much when you need at least one confirmation in your wallet (and a hefty fee to the miners) in order to spend your incoming bitcoins, when it's faster and cheaper to transfer fiat in to an exchange than it is to transfer bitcoin, then you know that something is really wrong here.



Afaics Dan did not paradigmatically improve on this. He created a centralized system which requires the coordination of whales, and thus all he did was essentially copy Visa. Perhaps we can argue that DPoS is more like federation.

I'm sorry but the 20 block producers in DPoS that each produces an equal amount of blocks are much more decentralized than the 2 and 4 mining pools in ethereum and bitcoin that control more than 50%, also it's much easier to remove/replace a bad actor in DPOS.



And Vitalik has already explained why he zero transaction fees...

Vitalik?  Cheesy Cheesy Cheesy give me a break!





And worse yet, he launches his money grabs...
That's why it's hard for someone to take you seriously.



Hopefully I won’t start a project...

I believe there is some truth in this  Grin
/Trolling



So excuse me if I am somewhat skeptical about whether Dan’s intentions are really more about money grabs.

It seems you repeteatly focus your FUD and slander on Dan, you miss the point that EOS is not just Dan, there is a whole Team, more than 13 devs working and I don't really know how large the whole team is!



I do not think anybody is refuting that Dan has created blockchains and accomplished a significant amount of development work. I certainly have never stated otherwise.

Happy to hear that but I honestly still believe that you are unfairly(imo) biased against him.  Smiley