EOS projects that will compete with Steem based DApps
Steem and EOS have a lot of DApps that are targeting the same market. Naturally, they will compete with one another.
For example, Steem DApp musing is a quora like question and answer website which will compete with EOS based QA app QoQo. Hirevibes is a competitor of Steem based open source contribution app Utopian. EOS based blog publishing DApp Trybe is a competitor of Steem based DApp Engrave and Steempress.
The fact that Steem is a competitor of EOS is pretty well accepted by the general community of Steem. Some would probably blame the rise of EOS for the fall of Steem price. Some developers who previously worked on Steem related projects now work on EOS because EOS pays more.
I mean, working on developing software in the EOS ecosystem is more profitable since EOS marketcap is much higher than Steem. I don’t blame them for leaving Steem though.
Steem Inc has had some mismanagement which hasted the fall of Steem price. The marketcap difference between Steem and EOS surprises me since both of them are similar projects.
I think EOS has been massively over hyped. Perhaps it can live up to the hype but I think it will take years. The communities are very different. Steem isn't as hyped, so most of the people here seem more genuine. A larger proportion of the EOS community don't seem to understand how it works, they can't take any constructive criticism and they have unrealistic expectations. I hope EOS and Steem can both do well. I hold some EOS and I've tried using several of their dapps but at the moment, I much prefer Steem.
I'm wondering what the SEC will say about the ICO of EOS? There is still a lot of regulatory uncertainty about this project and User retention rate is as bad as on Steem.
I like the fact that Steem still is flying under the radar of so many investors but its climing up the Dapp Rankings with in regards to active daily users. I like this divergence in Steem price and adoption whereby as EOS a lot of the development is already priced in.
Steem also never had an ICO what is great in regards to any SEC regulations in the future!!!
Those projects are similar just on the surface in my opinion.
EOS seems to be much more flexible, and there are already sister chains of EOS (like Telos, EOS Force, Worbli) which are bringing some much-needed improvements.
When you add quite generous airdrops on EOS (when was the last one on Steem?), the profitability of existing EOS Dapps and few other things, then all those similarities disappear.
There are already sister chains of Steem such as scorum, smoke etc etc.
Did you not get the byteball airdrop? Have you heard of the Steemhunt drop?
Don't want to play devil's advocate but although I have heard about smoke, I have never heard about scorum, and none of them provided any extras for steem holders as far as I know. Now them airdrops - byteballs drop was byteballs drop, not steem drop, they have just selected steem as one of their "gateways" to distribute bytes. And it was in July last year so since then a geological (by digital standards) epoch had already passed. Steemhunt? Nice idea but for a time being them hunts are not liquid and pretty worthless, while Eos drops are plentiful, very liquid, fairly significant (although there are also spam tokens like on ETH) and some of them are quite profitable because new tokens have real purpose and real-life application even if it is gambling. With Telos coming on the stage more drops and dapps are expected. Ah, there are also them Dex'es providing liquidity for the whole ecosystem. I will leave aside the issues created by HF20 which in my opinion was a daylight robbery of resources in order to secure interests of a very small group of influential stakeholders to the detriment of vast majority of small account holders. Steem got stuck in dead spot - just let's hope it will take off.
To be honest I have a feeling that Steem which has been originally invented as a "social" chain is now trying (or rather Steemit Inc is trying) to get into EOS shoes to become a base for the new ecosystem but all this is happening to the detriment of "social" component which is really a foundation of the whole thing.
Interesting comparison of dapps, but i wouldn't say those chains are similar, steem focusses on content and community, eos is scaled for a much wider variety of applications, which in steem often come as workaround
The problem is that the focus on content and community is being lost because somebody want's to have another EOS ;-)
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