It’s possible to think EOS could overtake ETH as a trade, but also believe it’s completely insane from a valuation standpoint. That doesn’t change http://block.one ’s ability to prop up the price and significantly cut into ETH at launch.
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eh?.. where did anyone say this was a store of value conversation? I was talking from a broadly technical standpoint
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They are talking about “price overtaking” above, which follows Store of Value absent irrational speculation.
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Respectfully, I disagree. Over long term price follows utility, which SoV is just one aspect of
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Some would say that hypersecurity and disinflation (wealth preservation) are the greatest utility. You can store 90% of wealth in secure gold bricks (btc) and 10% in less secure/more inflating cryptokitty fuel.
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I’d argue there’s a correlation between inflation and security. More inflation incentivizes more miners/stakers to secure the network.
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Lol but if it inflates more than the dollar then what’s the point of holding it?
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If these assets aren't less inflationary than USD no one will want them. Inflation isn't the only way to secure. Transaction fees are the future of Bitcoin security. That's part of the reason for Layer-2 solutions
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I just realized DPoS is fundamentally different from PoS when it comes to inflation. In DPoS the block producers‘ share of the network grow overtime. In PoS everyone can stake/participate in staking pools and thus maintain their share of the network.
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Name 3-5 most important aspects in which EOS is different from ETH? Genuinely interested in understanding EOS.
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100x+ Faster TPS Explicit inflation, no fees, frictionless Constitution hashed into every tx thesis is while this may not be decentralized enough for “Neo-Gold”, things like Cryptokitties don’t need to be hyperdecentralized
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Can you explain *explicit* inflation and frictionless constitution?
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there meant to be a space between frictionless and constitution them But frictionless because No Gas. No gas will be good UX. constitution hashed into everything so there will be no “Code is Law” B.S. and you can take it to their internal courts
End of conversation
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