It amazes me that Larimer popped smoke to work on EOS, rather than trying to make STEEM an airdrop on top of EOS. Now we are trying to build multi-functionality onto a purpose-built blockchain.
Are we actually trying to create value, or are were trying to preserve/extract existing value? What does evidence suggest?
EOS code was originally being developed as an upgrade to Steem. How is it that people haven't figured this out by now? It was just determined to be more lucrative to launch an ICO instead.
EOS code was originally being developed as an upgrade to Steem. How is it that people haven't figured this out by now?
It never occurred to him to migrate an established userbase/platform over to it? Would they not be compatible and migration be a matter of reserving resources on EOS for STEEM to operate? A bit more of a nuanced thing to 'figure out', wouldn't you say? But hell, I guess he didn't think it was worth it, and as time passes, it's becoming more and more clear as to why he cut bait.
For a while, the easiest way to make money in crypto was to raise money for a new project. That's probably still true now, although the regulatory risk for such activity has been steadily increasing.
Nor was it really Dan's idea, he just went along with it. It shouldn't take a genius to look at the players involved in EOS and figure out which one was most skilled at extracting money from investors.
Behind times that is.
It amazes me that Larimer popped smoke to work on EOS, rather than trying to make STEEM an airdrop on top of EOS. Now we are trying to build multi-functionality onto a purpose-built blockchain.
Are we actually trying to create value, or are were trying to preserve/extract existing value? What does evidence suggest?
He's not called a "serial entrepreneur" for nothing.
Anyways, it was meant to have multi-layer given the whole SMT sham. But, what do I know? Right?
We even have escrow and multi-sig that was sparsely used, if ever, on the chain.
I thought SMT was a retrofit, not originally built into the protocol, which is why it's been vaporware.
That, I cannot answer.
All I know is it was on the roadmap in the first year.
EOS code was originally being developed as an upgrade to Steem. How is it that people haven't figured this out by now? It was just determined to be more lucrative to launch an ICO instead.
It never occurred to him to migrate an established userbase/platform over to it? Would they not be compatible and migration be a matter of reserving resources on EOS for STEEM to operate? A bit more of a nuanced thing to 'figure out', wouldn't you say? But hell, I guess he didn't think it was worth it, and as time passes, it's becoming more and more clear as to why he cut bait.
For a while, the easiest way to make money in crypto was to raise money for a new project. That's probably still true now, although the regulatory risk for such activity has been steadily increasing.
Nor was it really Dan's idea, he just went along with it. It shouldn't take a genius to look at the players involved in EOS and figure out which one was most skilled at extracting money from investors.
If only I valued my time so little. Always a pleasure.