DTube - Why EOS Is The FUTURE Of Cryptocurrency! - Creator Dan Larimer Explains
One of my most recent interview!
See the original article below:
Josh Sigurdson talks with @Dan Larimer, creator of Steemit/Steem, BitShares and of course EOS, a cryptocurrency making the rounds and quickly finding its way to the top of the cryptocurrency ladder.
There's no doubt why EOS has been doing so well as of recently. EOS prides itself on being one of the most decentralized and transparent cryptocurrencies on the market.
In Dan Larimer's own words,
"EOS is all about my continuing mission to find free market solutions for securing our life, liberty and property. I believe blockchain technology is the future and EOS is designed to be the most powerful, flexible, easy to use, best governed, most decentralized blockchain software on the market."
Dan says he's been inspired by out of control government to build something that can replace the current systems we are coerced by on a daily basis.
With the incredibly high transaction fees and wait times in recent days with Bitcoin, EOS does not have transaction fees. As Larimer went on to say,
"First of all, EOS is designed to process tens or hundreds of thousands of transactions which increases the capacity which will help keep the fees down. Second, we do not charge fees at all. We do rate limiting which means if you only transact periodically, you're always going to get your transaction through. There will be no fees. The network will never be so flooded that it'll be unresponsive which is a problem with the fee model, that anyone with enough money, about $250,000 a day can completely shut down Ethereum just by fees alone, or at least raise the fees until no one will be able to use it. So the model and the allocation of resource usage under EOS and Steemit completely changes the game in terms of ensuring access to the blockchain."
EOS has just begun and the ICO ends in June 2018, but there are a lot more announcements yet to be made according to Dan.
Following up the topic of EOS, Dan Larimer goes into Steemit a creation of his and his team's. He talks about the potential of Steemit to change the game entirely when it comes to social media on the blockchain. Steemit's cryptocurrency, Steem has been skyrocketing recently and so has Steem Backed Dollars (SBD), a risk mitigating token for creators on the platform which seems to have garnered a life of its own in recent days, at one point peaking above $19.
As mainstream social medias censor and demonetize creators, Steemit arrived at the perfect time to save independent media organizations that were struggling to get by.
We're just seeing the beginning of a monetary and internet revolution, the likes of which we've never seen before in history. From Steemit to BitShares and EOS, like we said, it's only the beginning.
We appreciate Dan Larimer's time and we hope to talk with him again soon.
Stay tuned for more from WAM!
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Hi joshsigurdson,
Thanks for sharing
Thank you so much for your information.
@alexKARKI
It's a good interview, but how many times do you need to post it? Aren't you just raping the rewards pool at this point?
Congratulations @joshsigurdson, this post is the ninth most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 338 and the total pending payments to posts in this category was $7281.58. To see the full list of highest paid posts across all accounts categories, click here.
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hi joshsigurdson
thanks very much for sharing
Very interesting interview. Thank you for uploading.
Hi joshsigurdson,
Thanks for sharing$$$$$
These are some of the best blockchains around. Did you know that while Steemit has more daily transactions than any other blockchain and is still only at point-09% capacity while charging zero fees, Ethereum at number 2 in daily transactions currently is at 50% capacity and has fees?
Source: http://blocktivity.info/
The biggest enemy of our time is money and social networking is its number one supporter. If we use it for our own development rather than as an enemy, we will have a great friend. :) thanks for reading my comment. :)
Thanks Josh, I’m a huge fan of what Dan is creating with EOS. Always have time to listen to him speak on the project so great get in getting him to do an interview.
I’ve given you a deserved upvote and resteem.