Great comment, thank you! ETH can't scale to anything useful, EOS is being built from the ground up to scale. ETH is POW and EOS is DPOS by way of Graphene. POW is an awful way to secure a block chain - slow, centralized and horribly wasteful.
My biggest issue with ETH all the hubris and chest thumping about how ETH is going to run the world.... and then we watch the network puke over and over at 20-30tps doing something as simple as ICO smart contracts. ETH is a great idea poorly executed.
It is possible that ETH may someday patch itself up into something useful but by then EOS will rocking out and no one will care because EOS will make creating DAPPs like Steem fast and easy.
Did you know Steemit and Bitshares regularly handle more daily transactions/operation than Bitcoin and Ether combined? Bitshares also just produced it's 20 millionith block and is now the longest chain on the planet - because it is fast, scalable and useful. DPOS is crushing POW, POW is just so centralized and entrenched it is going to take a long time for it to figure out it is ded.
I'm not hating on ETH, but I've done my due diligence and have divested. ETH was an amazing project 3 years ago, and VB a visionary. Unfortuneatly they failed to create something that was scalable and fast. EOS does everything ETH does but adds scalability and speed.
It is early days to jump ship as EOS does not even have an MVP in the wild. But Dan has by far the best track record in the business - Bitshares and Steem are arguably the two most used blockchains in the world. As an investor I am primarily investing in people, and to me Dan has a far better record than VB.
My $.02 YMMV. :)
I agree on your "20-30 tps" and that sucks but it seems Ethereum's Serinity release may cover most of these issues as it may shift to POS. Yes scalability is one of the critical consideration while designing a product but Ethereum had no one to look after.
I have worked in front-office of a major investment bank designing and developing low latency applications (using solace object caching, queuing servers, protocol buffers and extensive multi threaded).
It's not only Dan's brain but his whole team needs to be sound enough to carry such a project to a level where everyone has these high hopes.
Dan and VB are great minds of this blockchain space and I admire both equally. I am investor in both after carefully analyzing situations in this space.
I am investing in EOS gradually so that I could average out my risk but with all due respect I don't think anyone else including Dan could give up all his ETH for EOS. At this stage it is riskier than ever.
People are investing in Dan more than EOS as a system. So I simply wonder Dan doesn't get a huge offer for some other project where he just leaves EOS hanging around after his contract/partnership gets done with block one.
Though everyone has their opinion and I personally respect it as there are always differences of opinion which time could prove correct or wrong. Obviously I am planning to buy EOS now as it's a hell of a dip as of now for EOS and may be we may not see such a price later. Though invest wisely if it's your hard earned money. Cheers mate :) !!!
This is not entirely true. It had bitshares to look at. Because bitshares at that time had somewhere around 10x eths capabilities today....before eth was even launched. :/
What is not entirely true? How can you even compare Bitshares with ETH now? Both are different platforms. Again as I said earlier I am not biased. As of now ETH is way ahead in adoption, price and technology as EOS is yet in development phase. Did you see what happened to Tezos? Ya, so I wish both EOS and ETH good luck, and may time decide which one is better.
I commented because Johnsmith was indirectly misguiding people by stating "he invested 100% in EOS and zero in ETH". Some poor fellow may be completely misguided by such posts and may sell all his/her ETH for EOS. It's his call but spreading such rumors ain't good for the community. So invest wisely and don't rely on such biased comments or views.
Though I could definitely give up my free BCash for EOS. You just gave me an idea, thanks. But will hold my ETH and keep analyzing the market.