As to the last point -- what EOS is doing with its Ethereum -- EOS has already sold 120k so far, about 20% of its haul.
https://etherscan.io/address/0xa72dc46ce562f20940267f8deb02746e242540ed
https://etherscan.io/address/0x9937dbb2128b55c44d8af7bf36fd76796a814cf4
This is pretty dubious, and ironically sounds like the FOMO you're talking about right above! ;)
Should EOS succeed, it could out-compete it's [sic] main rivals and many blockchain use cases in existence today could be replicated within EOS and displaced.
Like a below 1% chance at best. Too much competition from too many directions, Bitcoin, Ethereum, Steemit, Dfinity, Siacoin, Qtum, Monero, Zcash, etc. The Maximalist scenario becomes less and less likely as more competition emerges. And I find it VERY unlikely that these use cases and competitors will move under a DPOS umbrella. That's not a tradeoff that appeals to people in this space, for the most part, and not one that differentiates blockchain enough to normals for a solution applicable to all use cases.
Be wary of investing in promises and hype! This post is pretty helpful to people in that it's more measured than most of the EOS posts we have seen on Steem, which are enthusiastic but way too full of hype.
Hi eeks, thank you for the comment! Apparently there will be an announcement regarding what block.one is and will be doing with the Eth they are accumulating. Could it be that they are actively trying to avoid an overtly dominant market position in Eth at the same time as producing a contraction in the supply? Both would be risky and detrimental to block.one. Also, although it has been mentioned that EOS development is funded. They have applications to build upon it that may not have been.
I completely agree that we should be wary of hype and thank you for acknowledging, that is not what I want to produce here. As to the competition. It seems to me that EOS is fundamentally different from all the rest of the competition. That does not mean there are no use cases for stand alone blockchains or blockchain based networks, but given that the majority seem to be really struggling to solve the ability to scale or are as yet untested themselves, I think something like EOS......if it delivers, has the power to drastically out-compete other use cases. Having said that, I really have no idea how likely that would be....it's a risk I think about mainly in relation to the communities that have formed....especially around the Graphene tech.