I think you're spot on. It might look like bitcoin will have a slow run the coming months. I also really like EOS, whats your take on it? Keep up the good work!
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I think you're spot on. It might look like bitcoin will have a slow run the coming months. I also really like EOS, whats your take on it? Keep up the good work!
EOS is going to be a longer term play because the whole system won't be live until next summer. We are less than half the way through the distribution of the 1 Billion coins so I just keep buying as it gets lower.
Ultimately it will be able to do 100,000 transactions / second and like STEEM and BitShares it will be able to host real world applications like this blogging platform. I believe that they will make good on the promise because Dan Larimer has produced STEEM and BitShares which are two of the only real world applications beyond a currency or token for speculative investment.
They seem to be hitting their milestones and there is even a partial test environment live that programers can start building on. I also think it is going to be way easier for developers to create applications on it because they won't have to learn a new language.
The fact of the matter is an application like Steemit or DTube wouldn't be able to run on Ethereum. They are saying they are going to scale and it will be able to do more transactions / second but personally I think it will be too late. It will still be around but even if EOS ends up equaling the market cap of Ethereum it would put it around $20 / coin. If I'm able to take the position I want to that will be a pretty sweet ride!