RE: Reviving a Dead Coin - Creating Value Rather than Speculating
EOS is my favorite coin at the moment. I want it to keep crashing, I'm hoping we get it under $1 before Feb 2018 with all the coins that will come into supply.
Technologically, EOS should beat everything. In my view, EOS is similar to the next Google in terms of what it should become. Everything up until EOS has really been experimentation, and all this experimentation has resulted in one person fully understanding the future, and then also, having the skills and expertise to go there.
A lot of coins have a philosophy about "how things aught to be", such as bitcoin, and this philosophy hinders their adoption by the market because they hold on to points of functionality that users are against, such as high transaction fees. Most projects in crypto are totally clueless about the business world and the economy.... they're programmers, they are simply ignorant. Dan has it figured out, though, and he has it figured out better than Vitalik. Also, with this project, unlike Bitshares and Steem, he launched this project in front of finance and business people interested in blockchain, so he is even learning a great deal I think in terms of how to run a project.
Think of him like the Bill Gates of blockchain. Bill's success was a business-world success rather than a pure technological one, but in the end what he did was bring the technology to the users in the way the users wanted it. EOS is better tech than old Microsoft junk, but EOS does that same principle of bringing what end users are going to want, (high TPS smart contracts with error resolution) to the end users.
Thanks for the detailed response. I have a lot of faith in Dan as well and his description of EOS sounds revolutionary in it's creation of OS type services for blockchain and increasing transaction speeds to truly capable levels. I was a bit concerned about Tone Vays negative comments, but I guess everyone has their point of view. Thanks again for your comprehensive response.
I don't hold the bitcoin core team and /r/bitcoin reddit in high-regard. Tone Vays is part of that group. They are the reason bitcoin failed to scale for 2 years. Roger Ver is who I listen to about bitcoin. That said, this Segwit2x agreement did not come out of bitcoin core team, nor the ideas of people like Tone Vays.
Core team opposed any blocksize increase for years now. Their goal has been high fees, to incentive the market to use lightning network and blockstream solutions. As an investor, I think any sort of off-chain scaling will not be favored by the market but rather the market will disincentive that method long-term.