Thoughts on Potential EOS Flippening of Ethereum?
7 years ago in #cryptocurrency by louisthomas (76)
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Is this like when ETH was supposed to take over BTC? LOL
When you start hearing rumors and claims of an imminent "Flippening," you can sure it ain't happening!
Eos has no Gas, unlike ethereum. This may not sound like such a big deal, but it actually is. The reason cryptos are only expanding at the pace they're expanding at even though people are getting shocking, life-changing returns in them is because it takes time. You really need someone to show you the ropes of how to store your coins, and the do and do-nots of the crypto space and security is perhaps the single greatest concern in the crypto world. Steem solves this with steem power and a time delay, which is crucial.
Steemit has the ability to go mainstream, because the genius Larimer made Graphene, which is able to handle this many transactions per second. EOS will build Dapps (Decentralized Apps) that will all be able to have the same setup as steem.
I am glad you brought this up. Steem is the most powerful blockchain in the world for the last year. Currently at nearly 2 million transactions per day. EOS is built on same tech dpos but with different purpose. Personally, ETH is my biggest most successful bet since 2016 when the prices were low but EOS will rival it then same way Apple and Mircosoft were direct competitors. The problem with Ethereum is its not scaling fast enough of the moment Vatilik announces the hard fork date for Casper ETH will moon.
EOS will scale to 100,000's of tps right away and have special developer tools to make user friendly. Sure ETH has the network effects (first mover) but I expect EOS to gain market share against ETH this year. Already dozens of legit dapps are building on EOS. I also expect Bitcoin market share to keep eroding into more superior alt coins. Lightening Network is over-hyped and over-rated product.
EOS is way more powerful than STEEM as it can execute transactions in parallel. STEEM can execute up to 180.000 transactions per second, which is huge, but EOS can do multiples of that running paralel executions.
I agree with you! I don’t see it neither. I still remain very bullish on Ethereum as a long term hold, despite the price dip and many alternatives which are popping up. However, There is no doubt that "competition" in this space has increased substantially in the past year. Everything else very well said in your video.
We really need to find something that we disagree about
lol. I would call it “We both use common sense”.
I think we can agree on this as well.
Good question from Darren Connelly, ethereum is doing good in coin market, this is one of the cryptocurrency I respected because of there valued and volatility second in coin market capitalization , interesting video @louisthomas.
I agree with you Louis, EOS is just a token and it does not have as much visibility as Etherum that already has several years in the market. Even if its technology were better it would take some time and work to impersonate a cryptocurrency with as much market cap and acceptance as Ethereum.
Yes, this will occur. Bitcoin set the groundwork for blockchain technology, but Ethereum will market the technology better and bring it into the mainstream. People will criticize this view, but the flippening will occur.
At the moment it is too early to tell but if I was to put money on any of the "ETH Killers" it would have to be EOS because of the track record of that genius serial tech entrepreneur Dan Larimer. Despite the entrenched position and network effect of ETH it is still a work in progress and vulnerable to attack in terms of transaction cost (GAS), speed and scaling . If EOS can quickly deliver working DAPPS that address these issues it will be game on.
Sir, when rates are going upward? any prediction or positive indicators?
Very elegant way to present you, The truth is in all your words.
It is possible to get many useful examples from your writing. well done and keep it up.
Flippening 100%. Almost funny to me how so many smart people still think BTC stands a chance of maintaining dominance in the long term. ETH will be next and then something new 8-10 years after that... the cycle will continue. BTC will also do well over that time and serve its role but will 100% be eclipsed by platforms with evolved tech and a much wider range of use cases.
The Casper hard fork will fix the scaling issue, then eth will flip btc in my opinion
Every word of your mind, you wrote very well. Hopefully you'll be giving us a good post like this.
I would like to say you keep it up and well done.
I think Flippening could potentially happen if the right ratio is achieved. Are we there yet? I think not..
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I think it's safe to say that EOS, a bit futher down the line, will take Ether by storm.
People are fickle, they'll jump ship to whatever seems like a good play at the moment,
Hey @louisthomas thanks for sharing, i agree.. i hope some day invest on eth or other crypto.. this will be a revolution.. cheers =)
Both EOS and Cardano will basically destroy Ethereum when they go fully live. Ethereum, at the current state, is slow, low capacity, expensive and requires miners to secure transactions. It's an old technology really. The only hope Ethereum has is if they make a big leap forward and upgrade the technology. This would require thou moving all the live apps to the new blockchain - very difficult task. We'll see what happens.
Check this game out, look close with an open mind with what this new concept is doing with open source Ethereum ERC-20 smart contracts, decentralized exchange and passive income. The game has passed the crypto kitties game on the Dapp Radar. The smart contract is coded to tax 10% of the ETH. when users purchase the (P)roof (O)f (W)eak (H)ands tokens and divides the ETH. tax to people who are already holding and also 10% of when users sell “20% total”. The name of the game is to hold as long as you can while you get earnings from the constantly taxed “Strong hand” buys and the taxed “weak hand” sells. If you don’t want to play anymore, you can pull out all your earnings all at once but with a 10% tax fee that gets divided to the stronger hands. This is what the ERC-20 smart contract is programed to do. Doesn’t hurt to look at the contracts open source code at least, don’t let the opportunity pass you by.
https://powh.io/?masternode=0x32c37e7ca38be1f85cd9e85c81ac9b6730f43e3e
Nice explanation and reply to the question, best opinion you have.
Now market was too much slow, we just try to hope wait for good time then we should have to invest money on there. let's see what's happen!
I also agree with you! In my post many days ago, I shared that I do not like EOS from an investment and technical analysis standpoint.
Besides ETH and LTC, which seem to follow BTC closely from time to time, I like NEO as well.
Very good writing . I am happy to follow you coz every time you bring special info.
Best of luck.
Hey @louisthomas! Thank you for sharing, i like it. I hope my followers will resteem that too. Thank you for your contribution.