it will likely take a long time to build a new social networking platform... unless there is some chance they are developing it at the same time as eos...
Everyone is concerned I think.
I've become fairly dependant on steemit, yet the platform is changing as more people come, it's harder to get those votes I was starting to get used to :-/ Work harder and write more is what I need to do
Well, despite that there may be competition coming from EOS, since posting this article I've done more thorough research into EOS by comparing it to NEO and discovered that EOS has a built-in ability to freeze accounts, which means that it's not actually censorship resistant. Which is a big feature of STEEM of course! So while a blogging platform on EOS is possible, it will likely be moderated and censored like all the others are while STEEM still offers actual censorship resistance. So that should keep STEEM alive, despite competition!
As well as anonymity, since Dan wishes to have strong identity verification this may be a disincentive to those who enjoy the relative anonymity in the cryptosphere
Exactly. I think blockchains like EOS are going to be a whole different beast than the old school ones which put things like censorship resistance and anonimity in high regards.
I think this may also play a role in the decision to go for 21 Block Producers. Maybe for the model EOS is looking at, slightly less decentralization is not a bad thing. It may in fact be beneficial, as it makes regulatory compliance a lot easier if there's only 21 parties required to comply, rather than hundreds.