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Author Topic: (yet another EOS Vs ADA). SteemIt is good.. but it's not revolutionary  (Read 104 times)
OriginTrain (OP)
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June 02, 2018, 10:46:23 AM
 #1

To detract from the other shit topics here, I thought I'd create something slightly more interesting for discussion.

People often tout Dan Miller vs Charles Hoskinson, always seemingly favoring Dan. Not saying this isn't right, but I always like to play the devil's advocate to arrive at the correct viewpoint from both sides. So here's my view, and I encourage you to point out its flaws -

Basically, Dan Miller created SteemIt, a working content publication platform based on blockchain, and this is used as justification why EOS will be the dominant blockchain 3.0 winner. In reality, SteemIt is just a working content publication platform based on blockchain.. nothing more than that. The vision of EOS and ADA are far bigger than a content publication platform based on blockchain. Just because that was done well says nothing of the platform that is supposed to revolutionize how humans interact entirely. Past project success is great and all, but the scope is like comparing apples and arranges. Just because you fixed your retirement plan doesn't mean you will be the best treasurer of the United States.

Charles Hoskinson I hear is a shady, sleazy creature and a liar from numerous sources. Not sure why this is so. All I know about him is that he stuck to the principles of immutability by refusing to to support the Ethereum fork, and instead supported the original Ethereum blockchain.. Ethereum Classic. Satoshi Nakamoto is another person who also took immutability seriously.

Another thing that scares me with EOS: Its inflationary model. This is like the USD. Scary stuff. ADA admits that a cost must come from somewhere, so why not keep it as traditional transaction fees? Charles just seems more mature in terms of real world and business experience. And as any businessman knows, great coders, scientists and engineers aren't put in charge of things purely due to their talent since they often lack the management skills to manage people effectively and look at the broader picture that doesn't involve their expertise. Why Is Dan Miller going to be a great manager because he's a great coder? Not saying he isn't a great manager, I'm sure he is, but I'm curious with more of the "why" behind it.

So am I completely missing something here with why Charles is such a shady man and that is the reason we should choose EOS over ADA? The only other argument I've heard is that he peddled ADA ICO shares to Japanese pensioners. My my.. imagine that.. peddling an investment that gave 10,000x returns. I'd have sacrificed my entire education, work experience, and social life, to have been one of those Japanese pensioners that Charles peddled to. Why is this bad exactly?

I'm genuinely curious, and I welcome critique.
Ayuluv2001
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June 02, 2018, 10:49:45 AM
 #2

Hmm personally I would hope both of them to do well Smiley

I had invested in EOS but not ADA yet but had to agree that ADA is under valued right now.

Do you invest in both?
prabakharras
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June 02, 2018, 10:51:32 AM
 #3

For anyone betting in the next field, i think for me i invest both EOS and ADA
Simply because both are trying to solve problems faced by existing cryptocurrencies, btc, eth, and all
Its risky yes, but want to be part of it

OriginTrain (OP)
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June 02, 2018, 11:15:31 AM
 #4

Hmm personally I would hope both of them to do well Smiley

I had invested in EOS but not ADA yet but had to agree that ADA is under valued right now.

Do you invest in both?

Indeed I do, not much just $200 or so. But I want to learn smart contracts, so choosing the right platform to devote my time to is a difficult choice.
daenarys_stormborn
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June 02, 2018, 03:37:05 PM
 #5

both coins are good coins, and very potential in the future, but compared to ADA, I still prefer EOS, because now EOS is the number one rival Ethereum, and can be seen EOS market is going up very quickly

npfyieke
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June 02, 2018, 03:42:53 PM
 #6

The expansion of EOS in smart contracts and high TPS are the reasons why I choose it. This is worth looking forward to. I believe many people share my view.
OriginTrain (OP)
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June 03, 2018, 03:10:57 AM
 #7

The expansion of EOS in smart contracts and high TPS are the reasons why I choose it. This is worth looking forward to. I believe many people share my view.

But doesn't ADA also offer these things?
nutildah
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June 03, 2018, 03:13:50 AM
 #8

I don't know much about EOS but I do know that ADA is garbage without a functional wallet. The Daedalus wallet has been semi-broken for the last 5 months. There's workarounds to get it functional about half of the time, but I'm really surprised ADA manages to continue to hold a spot in the top ten.

80% of ADA's market cap rests in the pretense of its whitepaper, which insists that its a brilliant coin. If the team behind it are so very smart, why can't they cobble a working wallet together? Seems like it should be a no-brainer.

If I can't explain to my family how to use a Daedalus wallet, this coin doesn't stand a chance. It will never gain any sort of widespread adoption until the ivory towered ADA devs fix their wallet.

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Tipstar
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June 03, 2018, 03:20:20 AM
 #9

I have no reasons to favour one but EOS are doing their job quicker and creating more buzz and profit than ADA. They are indeed launching their own platform (happening at the moment), already have dedicated exchanges, platform explorer and potential clients on the line while we would still need to wait quite a time to see ADA on action.
Though one may argue ADA is still to go with the price rise hence a good investment now.

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OriginTrain (OP)
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June 03, 2018, 11:01:14 AM
 #10

I don't know much about EOS but I do know that ADA is garbage without a functional wallet. The Daedalus wallet has been semi-broken for the last 5 months. There's workarounds to get it functional about half of the time, but I'm really surprised ADA manages to continue to hold a spot in the top ten.

80% of ADA's market cap rests in the pretense of its whitepaper, which insists that its a brilliant coin. If the team behind it are so very smart, why can't they cobble a working wallet together? Seems like it should be a no-brainer.

If I can't explain to my family how to use a Daedalus wallet, this coin doesn't stand a chance. It will never gain any sort of widespread adoption until the ivory towered ADA devs fix their wallet.

Very well said. Never tried to use it myself, but your post has influenced me a lot.
OriginTrain (OP)
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June 03, 2018, 11:07:57 AM
 #11

I have no reasons to favour one but EOS are doing their job quicker and creating more buzz and profit than ADA. They are indeed launching their own platform (happening at the moment), already have dedicated exchanges, platform explorer and potential clients on the line while we would still need to wait quite a time to see ADA on action.
Though one may argue ADA is still to go with the price rise hence a good investment now.

Here's the one thing holding me back from EOS: It's "linuxy" feel. In order to compile things into WebASM I need to use a linux shell it seems. This technical focus is no doubt the superior technology, but if you look at the market share of Windows vs Linux, it's obvious who is dominant financially. I can't help but feel EOS is the linux - technically superior, but difficult for developers that prefer C# and MVS, and ADA the Windows - technically inferior, but user-friendly for developers. I get EOS will be able to be compiled from any language in the future pretty much, but looking over its current API and technical details, it has too much of a linuxy bias. I realize my view is really unorthodox, especially here.. but I'm thinking how a mom & pop would think that wants to issue smart contracts for their pizza store, not a member of BCT or blockchain.
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