Stay up to date on all things crypto and blockchain
Token Daily is a place to discover trending news and products in crypto and blockchain.
#EOS
-41.12%
since article publication (5 months ago).
Source: coindesk.com ·
With lightning speeds and zero fees, EOS blows other blockchains out of the water for user experience. For developers, though, it's proving costly.
Ash - @Crypto4Lif
5 months ago
RT @coindesk: "I'm having conversations with at least one group a week about, 'These are the challenges we're having on so-and-so platform, we want to come onto EOS.'" https://t.co/CkysXNn32s
37
81
Ragnar Lifthrasir ⚑ - @Ragnarly
5 months ago
RT @lopp: The grass is always greener on the other blockchain and yet there still ain't no such thing as a free lunch. https://t.co/hyUE51oPCq
3
5
Jameson Lopp - @lopp
5 months ago
The grass is always greener on the other blockchain and yet there still ain't no such thing as a free lunch. https://t.co/hyUE51oPCq
3
7
Preston Byrne - @prestonjbyrne
5 months ago
Marmotcoin: even though it doesn’t exist, it’s just as possible to get an app into production on Marmotcoin as it is on Eos, and cheaper too! https://t.co/iyTfKsebML
0
2
CoinHODL
Karma CC: 1905 ETH: 2565 5 months ago
https://twitter.com/siddartha1492/status/1037574563171729408?s=19
- Been using a simple EOS based game DAPP & found that EOS totally sucks. All that free & fast transactions are just a myth. Apparently, u can spam EOS just like ETH network and one guy is doing it. Also, to use dapps, you need to stake a huge chunk of EOS in your account.....
1
AGameDeveloper
12059 karma | EOS 5 months ago
r/cryptocurrency is a fucking travesty when it comes to people who know the actual value of projects LMAOIf you literally want to make money then always do the exact opposite of what this shit hole says. When literally /biz/ is head and shoulders a better place for actual information.
1
deineemudda
Karma CC: 1785 MIOTA: 1402 5 months ago
old news, bullshit news. the eos hating goes on, but funnily no one outside the reddit echochamber gives a shit
1
ShinjukuWard
Redditor for 6 months. 5 months ago
I honestly don’t see the point of EOS. Once Ether implements it’s own updates it will be much vastly improved. You also have Tron with it’s TVM release, which makes it a very attractive platform to develop on and simple to use. Then you have some other platform type of crypto as well. EOS is too complicated. Simplicity rules all.
0
ElMasAltoDeLosEnanos
5 months ago
Are all this articles about how ETH is better are written by ETH investors in the time they wait for their transactions to clear?
10
Aireck1
Token Holder 5 months ago
What a "nightmare". Luckily I read this in time and was able to sell all my EOS and invest in ETH today.
That was meant to be investment advice, right?
0
resavr_bot
5 months old 5 months ago
A relevant comment in this thread was deleted. You can read it below.
God look at all the blockchain experts, theoretical computer scientists and philosophers coming out of the woodwork to fud EOS. As a programmer and a libertarian there is no problem that this platform cannot resolve. [Continued...]
^The ^username ^of ^the ^original ^author ^has ^been ^hidden ^for ^their ^own ^privacy. ^If ^you ^are ^the ^original ^author ^of ^this ^comment ^and ^want ^it ^removed, ^please ^[Send ^this ^PM]
1
7000c
5 months ago
can you counter the facts of the article? can you please read first and then comment?
0
steve1215
5 months ago
Well for starters Dan has recently stated on Telegram that user accounts will be free in the near futue, I remember because it was in reply to a question of mine, but it has been picked up.here if you want to search).
So that's a huge dent in the article's "oh whoa is me, it's so expensive to onboard users to EOS" standpoint.
Don't get me wrong, I still have my concerns (see r/eosdev) about the paradox of the ultimate goal of the increasing the price of EOS being bad news for dApp developers - but at least that fear is grounded in basic mathematics combined with publicly available information.
0
steve1215
5 months ago
I think in fairness, stated "there would be a proposal for", that would then go through the usual established voting mechsnism.
A voting mechanism which in itself isn't perfect and hopefully will improve over time.
But is still a voting system more open than the one used by Amazon (AWS) or Rackspace when it comes to enhancing the underlying network
2
deineemudda
Karma CC: 1785 MIOTA: 1402 5 months ago
yeah another eos hate post! bring it on r/cc. sadly the market doesnt give a wet shit
0
katapim
5 months ago
It's an old issue - the author did not make the homework... or is just a PR stunt to destroy the real threat (EOS).
Resource optimization in EOS is around the corner. RAM price is all time going down, same way that hard-drives capacity go up (majority of EOS RAM is virtualized in disk).
​
6
nousemercenary
15027 karma | Karma CC: 59 EOS: 610 5 months ago
"In the final analysis, though, EOS might have its advantages, according to Cox.
For one, whereas a popular dapp like CryptoKitties can clog the entire ethereum network, EOS staking does guarantee a certain minimum access to CPU."
EOS isn't going anywhere and is only improving.
0
WhaChuTalknBout
4 - 5 years account age. 500 - 1000 comment karma. 5 months ago
Better improve (like, a fundamental overhaul) real quick. Others are catching up (or, have) with vastly superior technology.
3
get_prevhash
5 months ago
Ah yeah all those great projects, made by people who coded other blockchain projects before...
1
nousemercenary
15027 karma | Karma CC: 59 EOS: 610 5 months ago
Like which ones? I'm always interested in diversifying
1
mantiss87
Negative | 9 months old | Karma CC: 283 EOS: 568 5 months ago
Whichs ones are catching up?
1
Arnoud1987000
Negative | 8 months old | Karma CC: 244 EOS: -32 A 5 months ago
heey heey heey
!!!! WASO WASO WASO! u loose all your money!! AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA.
I herd this rumor EOS only grows when its surpasses 1 trillion
3
CoinHODL
Karma CC: 1905 ETH: 2565 5 months ago
"a EOS Knights player wrote that they delegated 10 EOS – $59 worth – to play the game, thinking that would be enough, but actually it wasn't even close. EOS Knights suggests staking @raindays/eos-knights-is-on-mainnet">at least 15 EOS ($88) on CPU to play the game, but the EOS Knights player claimed that even a $500 stake would not meet the recommended required CPU time!!!" wtf what a huge joke EOS is 😅😂🤣
9
AGameDeveloper
12059 karma | EOS 5 months ago
I said that 500 was enough. Nice misquote though.
Also 500 was need to play the game religiously. But yeah.
At least it functions unlike fucking ETH that cant even begin to run a similar game. :D
1
CoinHODL
Karma CC: 1905 ETH: 2565 5 months ago
Sure shill bot then your misquoted in the article that you must have not read
0
AGameDeveloper
12059 karma | EOS 5 months ago
What? What the fuck are you talking about? I'm the one who made the fucking observation that cryptocurrency costs a lot to actually use. Do you fucking realize that running EOS Knights on ETH would cost thousands after a month or two?
1
CoinHODL
Karma CC: 1905 ETH: 2565 5 months ago
Why would you run a game on a blockchain that's DECENTRALIZED like ETH or Pho-Decentralized like the EOS scam you moron use Loom Network for that or a database. 🤔
0
AGameDeveloper
12059 karma | EOS 5 months ago
Because it wont run. I cant use ETH it cannot do anything and it has zero chance of ever getting LOOM into a workable state. Loom is a complete mess in terms of being any good and it ultimately comes back to having to use ETH as a currency which is super slow and out dated.
1
CoinHODL
Karma CC: 1905 ETH: 2565 5 months ago
Ur just a EOS scam shill man using ETH on the Loom Network Plasma chain is fast with zero fees because it's on Layer2 not the Ethereum main chain. Repeat after me VIDEO GAMES DON'T BELONG ON LAYER1 OF DECENTRALIZED BLOCKCHAINS.
“PlasmaChain, GameChain, SocialChain: The Loom Network Universe Expounded” https://medium.com/loom-network/plasmachain-gamechain-socialchain-the-loom-network-universe-expounded-5c672617a333
1
AGameDeveloper
12059 karma | EOS 5 months ago
> Ur just a EOS scam shill man using ETH on the Loom Network Plasma chain is fast with zero fees because it's on Layer2 not the Ethereum main chain.
Its also garbage because its convoluted mess that wont go up in value and will continue to bleed out or stagnate even during the next bull run. Sorry man, I am not going to bother working on LOOM projects. Too risky.
0
CoinHODL
Karma CC: 1905 ETH: 2565 5 months ago
i dont recommend buying LOOM token to speculate for capital gain I only have one LOOM to use the chain w/ ETH, but their tech is way better than EOS because you need different chains for different apps Loom plasma, game and social chain as as Layer2 with ETH. What is EOS is trying to do is stupid for Layer1 with 21 rich dudes and only one kind of chain.
1
AGameDeveloper
12059 karma | EOS 5 months ago
That sounds way worse. Literally this paragraph is multiple reasons nobody will ever buy more LOOM if they dont have to. 1 coin to use the entire system and no consolidation between chains to force upward growth.
Here is an additional hard question. Why does layer one matter if its never being used anyway?
0
Raymikqwer
12430 karma | Karma CC: 6075 MIOTA: 1661 5 months ago
Don't compare to ETH, ETH has just as many issues you could even argue are more difficult to overcome. EOS is a shitshow, but so is ETH.
1
libertarian0x0
10 months old | Karma CC: 1744 BTC: 1392 5 months ago
You can't really compare EOS to anything. Most crypto follow (or try to) the "code is law" dogma. EOS not.
2
Raymikqwer
12430 karma | Karma CC: 6075 MIOTA: 1661 5 months ago
ETH code isn't the law though, hence ETC existence.
2
CoinHODL
Karma CC: 1905 ETH: 2565 5 months ago
god EOS is such a scam man Loom Network is looking better in every way
2
get_prevhash
5 months ago
god <insert token I don't hold here> is such a scam man <token i hold> is looking better in every way
7
1117777111
Redditor for 25 days. 5 months ago
EOS doing amazing - must be time for some /r/cc negativity spam.
1
jackson8800
2 months old | Karma CC: 5 EOS: 257 5 months ago
Just enjoy your laggy BTC + ETH network (most FUDers about EOS here) with 6000 + 60 000 unconfirmed transactions every day (LOL,you want mass adoption),EOS is live 3 months and beat all these shits which are so many years live,thats enough signal for me.Sure on EOS are some bugs,because its new project,but unlike ethereum they no need to HARD FORK if some bug or hack (hello ETC).same for BTC.. EOS just release patch almost realtime solve problem...But no more wasting time with you,you will realise at some point what mistake you did.
BTC FUDed ETH,now ETH FUD EOS,all are scared about their bags,its natural.
BTW: i am so prepared for tons of downvote for this true,so feel free.
0
Tidalikk
10083 karma | CC: 822 karma BTC: 976 karma 5 months ago
Bro... have you even compared how much transaction EOS has? It’s hilariously low.
Not to mention it’s huge centralization but oh well each to is own Gl
12
pig_tickler
9 months old | Karma CC: -28 5 months ago
The amount of myopia is astounding. These issues are being resolved almost in real time. Cost of ram etc will continue declining and each token will, over time, afford you more and more resources. Plus token renting that will keep developer costs very low. Eos has already made more progress in 2.5 months than bitcoin and Ethereum have in years. Mock all you want, but you’re standing on the sidelines laughing at the (eventual) winner.
1
get_prevhash
5 months ago
Yeah, people need to just investigate the apps that are running right now on EOS and try them out.
Once they do (play EOS Knights or something) and have a great user experience, it's like using the iPhone for the first time when all there was before were non-iPhones.
The next step will be that these apps continue to grow and build in functionality, and more are released providing a great user experience, whilst the limitations of poor scaling (and subsequent terrible user experience) elsewhere become more obvious...
It's clear that a lot of ETH users as a whole are NOT using ETH Apps, considering the most popular only get 1-2k users a day.
When EOS projects begin to onboard many users with free accounts, or better yet get users on EOS projects without even seeing the blockchain, then we'll see 100,000s of real users across all apps every day - some of whom have never even heard of blockchains (just like Steemit).
0
onetimeonly11elf
Positive | Karma CC: 65 Ripple: 871 5 months ago
If the demand wasn't there in the first place, why do we need EOS? Was it made just to proof that it is possible?
2
get_prevhash
5 months ago
I believe there's a demand, but it's not fulfilled by the poor user experience that ETH offers.
Not when people have been used to using centralized apps with great user experiences for a long long time.
1
PseudonymousChomsky
5 months ago
With free usage for apps, where developers pay for bandwidth, how will they make a profit and sustain revenue?
1
onetimeonly11elf
Positive | Karma CC: 65 Ripple: 871 5 months ago
Is there any way to compare how many people use the 2 systems? If there is demand and EOS is better then that should be reflected in the numbers.
1
vision2030
7 months old | 21 cmnt karma | Karma CC: 15 5 months ago
Imagine you raised billions but your product is trash. Not to mention the BP cartels. Most of the ICO funds went to block.one's pocket right? Hey hey hey!
34
AGameDeveloper
12059 karma | EOS 5 months ago
ETHs cartel is the core dev team who can change the entire coin any time they want! :D
1
ShinjukuWard
Redditor for 6 months. 5 months ago
Exactly! How the hell do you raise billions and yet the product sucks.
2
IllegalAlien333
Karma CC: 41 EOS: 1131 5 months ago
You have a wild imagination, let us know when reality catches up,
2
squidkai1
Positive | Karma CC: 1230 GVT: 672 5 months ago
I see I see I see I see WHAT YOU DID THERE VISION20300000000000000000000000
2
0987654231
20438 karma | Karma CC: 57 5 months ago
> Imagine you raised billions but your product is trash.
I mean that describes almost every blockchain company or ICO.
8
TheGreenMountains802
5 months old | 10386 karma 5 months ago
... i didn't know that 250 mill is the same as billions..
1
TheGreenMountains802
5 months old | 10386 karma 5 months ago
price movement does not change the amount of USD the ICO their coins for originally... That's like saying Apples IPO s was a Trillion dollar ICO because eventually the market cap rose to that... that's not at all how it works
1
PseudonymousChomsky
5 months ago
And all those coins sent to the EOS ICO were being counted at their value at time of receipt, totalling 1B? No. I would like to see the financial records. Also, the EOS daily auction plus exchange coins were wash traded. Both EOS volume and funds raised were manipulated. They didn't raise 1B.
1
fixedelineation
10551 karma | Karma CC: 276 EOS: 455 5 months ago
Strange, the doom and gloom of this article doesn’t match the real world. The novusphere decentralized eos-forum.org continues to hum along. Allows anyone to post without cost and without an EOS account. Planning ahead they just bought 20k EOS securing the network resources they will need as they begin on boarding regular people:
Soon we will see the worlds first zero inflation ring CT privacy coin emerge thanks to EOS and the work of the novusphere team. EOS haters are going to be the saltiest of all the crypto tribalists.
10
spigolt
Positive | Karma CC: 121 BTC: 513 ETH: 330 5 months ago
This article is not news ..... the RAM price is dropping and will likely continue to drop (as the available RAM continues to increase) ..... the speculative bubble in RAM prices is long since over. Sure, there are costs, but the costs in CPU+RAM on EOS are far lower than the tx costs on ethereum - whether the users or the dev eat the CPU+RAM costs on EOS (the dev can choose which), the total cost is either way lower than the ETH tx costs, plus you get much more scaling than ETH is capable of even with ETH's higher costs.
If you want to make criticisms of EOS, criticising it for what it actually trounces ETH in (ability to scale far more at lower cost) is not the best place to start. In any case, the proof is in the pudding - EOS dapps are already handling similar levels of users + tx + volume to ETH dapps, and while ETH dapps have long been stuck due to the scaling not going anywhere on ETH (and not going to for the foreseeable future), these EOS dapps should only continue to grow as it's very early days for them, and there's no such scaling issues preventing their further growth - https://dappradar.com/eos-dapps .
8
AgregiouslyTall
15363 karma | Karma CC: 417 ETH: 445 5 months ago
Compare the EOS dapps to ETH dapps and tell me EOS dapps are handling similar volumes or user amounts. (They're not) 3 of the 5 top EOS dapps clearly have their data manipulated, I find it hard to believe over $42,000,000USD has passed through EOSBet in the last 7 days or that 463 people have made 94,000 TX on it in the last day.
7
spigolt
Positive | Karma CC: 121 BTC: 513 ETH: 330 5 months ago
Yeah, I've written about similar concerns regarding EOSBet's numbers. However, I don't believe that once you take out any fake volume (if you could somehow know how much of it is fake), that it really changes the overall picture all _that_ much - that being, that EOS's dapps growth appears very impressive for such early stages, and looking very likely now to pass ETH's dapps in all usage metrics reasonably soon.
1
AgregiouslyTall
15363 karma | Karma CC: 417 ETH: 445 5 months ago
What do you mean all usage metrics? Go to the EOS dApps page, there’s literally one page. Go to the ETH dApps page, I think there’s 20 pages.
How can you believe any of the EOS stats are real when the majority of the top 5 dApps are clearly manipulated and have metrics that don’t even make sense. Tens of thousands of Tx’s with a couple hundred users? Millions of dollars moving through a couple hundred users on obscure dApps? The most popular dApp is literally nothing more than an input/output dApp that is only in Chinese to boot - it’s not even clear the statistics on the top dApp make sense because I couldn’t find anything about it.
1
spigolt
Positive | Karma CC: 121 BTC: 513 ETH: 330 5 months ago
In any case, given the doubt that can be reasonably raised around any dapp usage statistics in general .... what is most compelling for the future over EOS is reading things like in the very article this thread is about, where it talks about how like Kevin Rose (who I've long followed and respect) is running an EOS BP and says that every week teams are approaching him to ask about switching their dapps to run on EOS ...
1
spigolt
Positive | Karma CC: 121 BTC: 513 ETH: 330 5 months ago
The apps outside the first few (i.e. with low single-double digit users) don't really amount to anything - they don't add up to anything significant when set against the top dapps ..... so the fact that ETH has many pages of them is mostly irrelevant (you mention 20 pages but on the 3rd page you're already down to the dapps with 1 whole user in the past 24 hours, so basically you're looking at a very large graveyard beyond the first page or two).
It's hard to know what to believe in this space generally ..... but this data is what we have to go on .... sure, we have to treat it with some scepticism .... but, if you don't believe anything whatsoever that's being reported for any EOS dapp, then there's not much to talk about .....
However for example, if we look at the DEXes (one of the only 'real' categories of dapps on either system so far, and a category where I don't see any particular reason to doubt the numbers reported on EOS, tho of course, I could be wrong - obviously with such low costs on EOS [contrary to the title of this thread], volume is always going to be a little more questionable, just like with centralized exchanges), the top EOS DEXes are not quite at the volume levels of the top ETH ones, but well within spitting distance (i.e. something like around 2x-4x lower overall [once you convert the volume figures to the same unit], tho it jumps around a lot, but in any case, well within an order of magnitude) ... given that the ETH ones simply can't grow much at all (due to blockchain scaling issues), and thus peaked months ago and are now stuck stagnating and overall declining (I've been following them for some time and you can see in my reddit history periods where I've come across as a bit of a fanboy of various ETH DEXes), while I expect EOS's will rather continue to grow fast .... I see it as only a matter of (a relatively short amount of) time before the EOS ones leave the ETH ones in the dust.
I can be wrong in the prediction and/or misled by fake numbers (I was overly bullish on some ETH DEXes in the past, before I realized just how crippled they are in their potential for growth by ETH's gas limit ... so I can be wrong again), but that's my best educated guess, and it seems to me a reasonable one to make based on the data available. Overall, I'm certainly seeing what I consider as generally very positive results in terms of the dapp numbers for EOS given the incredibly early days, and given the failure of other such ETH 2.0 contenders apart from EOS to show anywhere near this much life in their dapp ecosystems.
2
BananaBully
6 months old | Karma CC: 105 5 months ago
Finally someone talking sense. You can criticise EOS for a lot of stuff, but certainly not for scaling. You have to remember that the whole chain only launched a couple of months ago. It's in its infancy.
0
YoyoDevo
41264 karma | Karma CC: 699 5 months ago
I definitely can criticize it for scaling when its solution is to just become more centralized. That's easy and is not a real solution to a scaling issue.
10
YoyoDevo
41264 karma | Karma CC: 699 5 months ago
Side chains does not mean more decentralization. It just means a higher number of centralized blockchains.
2
YoyoDevo
41264 karma | Karma CC: 699 5 months ago
It's not. Just because you have multiple chains doesn't make it decentralized if transactions are still confirmed by a small number of trusted individuals. You could do the exact same thing with multiple databases.
3
Trending this week..
Newsletter
Upcoming Q&As
Post a Job
Teams Hiring Now
-
TokenSoft is the volume leader in compliant token sales.
-
The open protocol for tokenized debt.
-
A secure online platform for buying, selling, and storing digital currencies.
-
A second layer, off-chain scaling proposal for bitcoin.
-
Ensuring the blockchain is inexpensive and accessible to everyone.
-
An open protocol for decentralized exchange on the ethereum blockchain.
- See all