I feel like I'm sensing massive hype around EOS, but I want to know more if it is truly deserved. Beyond totally believing in @Dan is there any way for us to know that EOS can really do what it sets out to do?
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Any creative person takes pain points in a system and crafts one of many solutions. Refine that solution and you reduce the pain points.
I think part of the hope is seeing how long Bitcoin transactions are and finally seeing a dev group design around that problem is thrilling.
I would also recommend reading https://steemit.com/eos/@trogdor/the-eos-ico-for-dummies.
And you can take part in the EOS test token sale to see how the sale mechanism works. There is something about it running over a year that gives average blokes like me hope that big players will not dominate for an entire year. Giving other smaller players a chance to get in.
There has been a lot of thought in the approach of this project, and I have seen the shortcomings of strapping a token system onto Bitcoin (Counterparty), which was fun at first, but after years of waiting, the cost to sweep up the dust from these accounts makes small transactions nearly impossible to move. I always thought that was the point of cryptocurrencies which were designed to transfer as small as 1 x 10^-8.
I also don't believe EOS is the single solution to all token problems, but enjoy that it is available as part of a suite of solutions available to cryptocurrency users.
Dude, such a great comment that I'm effectively re-steeming it as a post. I don't know if that formula will work, but I'm trying it :)