Sadly, someone is going to build a Steemit competitor atop the EOS platform, and due to its superiority, it could very well destroy Steemit in a wink if they don't.
You are viewing a single comment's thread from:
Sadly, someone is going to build a Steemit competitor atop the EOS platform, and due to its superiority, it could very well destroy Steemit in a wink if they don't.
Someone certainly could give it a go but it'd be an up hill battle. I'm curious about why you think the EOS blockchain would be superior to the Steem blockchain for a future company looking to build a social media site.
What features do you see that are superior?
Newer, and more thought out technology, much faster transaction speeds, the ability to handle mass amounts of usage continuously, and last, but certainly not least, the daddy of Steemit created, runs, and maintains the EOS infrastructure.
It's actually using the same graphene technology that Dan pioneered with the Steem and Bitshares platforms. It's just being built for a different use case that's more in line with what Ethereum is delivering, mainly dapps.
Again, it's the same technology being used as Steem, transaction speeds and capacity are going to be the same. Steem transactions are near instant as EOS transactions will be. And the Steem blockchain is already the most transacted on blockchain in the world and has handled it flawlessly and continously.
This is, I think, your only real valid point. EOS will indeed by maintained by Dan, at least we assume it will after it's built. But, we assumed that for Steem too and he jumped ship, so whose to say he won't do the same over there?
Don't get me wrong, I'm a fan of EOS, but it's not delivering anything that makes it superior to the Steem blockchain, it's simply not as specialized as the Steem blockchain and will allow for those looking to build dapps another option to Ethereum and it's cluckiness. The Steem blockchain has now had years of real world use and active development that gives it a technological and first mover advantage against any competitors looking to enter the market.
This doesn't mean it can't be over taken, but it'll take a lot to do so. We'll see what happens, but this is going to play out over the course of years before it's all settled down and some clear winners emerge.
Ahh, all valid points, and thanks for your insight on the matter.