Quote from: BitcoinNewbie15 on July 13, 2018, 04:58:35 AM

Quote from: CryptocurrencyInvestor on July 13, 2018, 01:14:57 AM

"EOS runs on only 21 nodes that check and validate new transactions. Every 126 blocks 21 new nodes get elected by the stakeholders, which means every round an elected node mines 6 new blocks. Blocks get produced every 0.5s, which makes 1 round last ~63s."

EOS looks quite centralized, and the price keeps tanking and tanking.

EOS is one of the worst cryptocurrencies out there. It literally is designed to not be like any other cryptocurrency. It is centralized with the 21 "block producers", it is no longer immutable as they rolled back the blockchain nearly day one, and then they have the ability (and audacity) to freeze wallets? This means that it's not censorship resistant either, which is a huge and fatal issue. In the crypto world no one person, or group of people, should have the ability to stop users from accessing their funds no matter what.

I can't believe they had to pause the EOS blockchain so early. I mean bugs are understandable, sure, but ya know, that's what the $4 Billion dollar ICO was for, development right? Pausing the blockchain is so insane to me. How many times have you ever heard of a Blockchain being paused? When has Bitcoin/litecoin/eth/*insert any other crypto here* blockchain been paused? Blockchains should operate 24/7/365 without interruption, bug or no bug.

Ok, so this "cryptocurrency" is actively doing the exact opposite of what cryptocurrencies try to achieve: Censorship resistance, immutability, and decentralization. Whats next, security? Not only that, but if wallets can be frozen dApps can surely be stopped. I wouldn't touch EOS with a 10-foot pole. And holy moly was the ICO long and drawn out. Why again did the devs need $4 Billion to develop EOS? Last time I checked $0 Billion was raised to develop Bitcoin. dPOS has yet to prove itself too, I am highly skeptical to say the least.

IMO EOS is just a Ponzi scheme disguised as a cryptocurrency. Newbies will buy the bags off of rich hodlers with the promise of them getting free money with worthless airdrops. This is not sustainable, there is no such thing as free money. I sound like a grumpy old man, but I just cannot get behind EOS with these 21 block producers. It is far too centralized, far beyond any other coin (besides XRP/STR obviously). I'm sure I will get flamed for this post but we all have a right to voice our opinion, so flame me if you like, you have the right to do so.

Quote from: CryptocurrencyInvestor on July 13, 2018, 01:14:57 AM

Recently it was announced that DIECI, a new smart contract platform targeting EOS will launch by the start of next year with decentralization "with no compromise". I, for one, have sold much of my EOS to anticipate this event. They have a lot of technical support and have done various tests to back up their claim, many are convinced.

I would like to see your views on this and how you think this will all play out.

Oh great, looks like you just created this thread to covertly advertise whatever the hell DIECI is. Yeah, I'd definitely stay away from that one. EOS is a better bet than that and that says a lot.

This is pretty much entirely accurate, EOS was never alive, it's a great profit making scheme. Only took a year to get 6,533,200.75 ETH in exchange for a buggy broken centralized blockchain.

Also it is good to mention that almost every single Block Producer is elected by Bitfinex, they control EOS as they control who gets elected. http://eos-bp-votes.dapptools.info/#/block-producers