Hi @hedge-x, I recommend you read the full post from Vitalik:
https://vitalik.ca/general/2018/03/28/plutocracy.html
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Hi @hedge-x, I recommend you read the full post from Vitalik:
https://vitalik.ca/general/2018/03/28/plutocracy.html
I understand. I have been with Ethereum since the early days. Vitalik is probably my favorite Crypto person. He has a great understanding of Crypto economics but I will say EOS is a game changer b/c it allows high performance transactions now and its also going to have developer/user features built-in to make it more friendly. I just see them as two competing systems with there own strengths like Windows and Mac.
Steem also works on delegated proof of stake like EOS will. I don't believe anyone can call Steem centralized. Right now its impossible to run a popular dapp like Steem on Ethereum. ETH development has many ways which they plan to scale but it may take up to two years before they all get implemented, while EOS will scale right out of the box.